As Filed with the Securities and Exchange Commission on April 25, 2008

REGISTRATION NO. 333-30844

811-05846

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Post-Effective Amendment No. 14

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

Amendment No. 82

SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F

(Exact Name of Registrant)

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

(Name of Depositor)

One Sun Life Executive Park

Wellesley Hills, Massachusetts 02481

(Address of Depositor's Principal Executive Offices)

Depositor's Telephone Number: (781) 237-6030

Sandra M. DaDalt, Assistant Vice President and Senior Counsel

Sun Life Assurance Company of Canada (U.S.)

One Sun Life Executive Park, SC 2335

Wellesley Hills, Massachusetts 02481

(Name and Address of Agent for Service)

Copies of Communications to:

Thomas C. Lauerman, Esq.

Jorden Burt LLP

1025 Thomas Jefferson Street, N.W.

Suite 400 East

Washington, D.C. 20007-0805

It is proposed that this filing will become effective (check appropriate box)

£ immediately upon filing pursuant to paragraph (b) of Rule 485

R on May 1, 2008 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.

No filing fee is due because an indefinite amount of securities is deemed to have been registered in reliance on Section 24(f) of the Investment Company Act of 1940.

PART A

PROSPECTUS

MAY 1, 2008

MFS REGATTA CHOICE

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

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

Large-Cap Equity Funds	Emerging Markets Equity Funds
MFS® Capital Appreciation Portfolio - S Class	MFS® Emerging Markets Equity Portfolio - S Class
MFS® Core Equity Portfolio - S Class	Specialty/Sector Equity Funds
MFS® Growth Portfolio - S Class1	MFS® Technology Portfolio - S Class
MFS® Massachusetts Investors Growth	MFS® Utilities Portfolio - S Class
Stock Portfolio - S Class	Asset Allocation Funds
MFS® Blended Research Core Equity Portfolio - S Class2	MFS® Total Return Portfolio - S Class
MFS® Research Portfolio - S Class	Global Asset Allocation Funds
MFS® Strategic Value Portfolio - S Class	MFS® Global Total Return Portfolio - S Class
MFS® Value Portfolio - S Class	Money Market Funds
Mid-Cap Equity Funds	MFS® Money Market Portfolio - S Class
MFS® Mid Cap Growth Portfolio - S Class	Intermediate-Term Bond Funds
MFS® Mid Cap Value Portfolio - S Class	MFS® Bond Portfolio - S Class
Small-Cap Equity Funds	MFS® Government Securities Portfolio - S Class
MFS® New Discovery Portfolio - S Class	Multi-Sector Bond Funds
International/Global Equity Funds	MFS® Strategic Income Portfolio - S Class
MFS® Global Growth Portfolio - S Class	High Yield Bond Funds
MFS® Research International Portfolio - S Class	MFS® High Yield Portfolio - S Class
MFS® International Growth Portfolio - S Class	World Bond Funds
MFS® International Value Portfolio - S Class	MFS® Global Governments Portfolio - S Class

1	Formerly MFS® Emerging Growth Portfolio - S Class.
2	Formerly MFS® Massachusetts Investors Trust - S Class.

Massachusetts Financial Services Company serves as investment adviser to all of the Funds in the MFS® Variable Insurance Trust II.

Please refer to the appendix entitled "Previously Available Investment Options" for information about certain Funds that are no longer available in connection with new Contracts being issued, but that are still available under certain Contracts that are already outstanding.

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

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

We have filed a Statement of Additional Information dated May 1, 2008 (the "SAI") with the Securities and Exchange Commission (the "SEC"), which is incorporated by reference in this Prospectus. The table of contents for the SAI is on page 46 of this Prospectus. You may obtain a copy without charge by writing to us at the address shown below (which we sometimes refer to as our "Annuity Mailing Address") or by telephoning (800) 752-7215. In addition, the SEC maintains a website (http://www.sec.gov) that contains the SAI, material incorporated by reference, and other information regarding companies that file with the SEC.

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

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

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

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

P.O. Box 9133

Wellesley Hills, Massachusetts 02481

TABLE OF CONTENTS

SPECIAL TERMS [INSERT PAGE NUMBER]

PRODUCT HIGHLIGHTS [INSERT PAGE NUMBER]

FEES AND EXPENSES [INSERT PAGE NUMBER]

EXAMPLE [INSERT PAGE NUMBER]

CONDENSED FINANCIAL INFORMATION [INSERT PAGE NUMBER]

THE ANNUITY CONTRACT [INSERT PAGE NUMBER]

COMMUNICATING TO US ABOUT YOUR CONTRACT [INSERT PAGE NUMBER]

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.) [INSERT PAGE NUMBER]

THE VARIABLE ACCOUNT [INSERT PAGE NUMBER]

VARIABLE ACCOUNT OPTIONS: THE MFS® VARIABLE INSURANCE TRUST II [INSERT PAGE NUMBER]

THE FIXED ACCOUNT [INSERT PAGE NUMBER]

THE FIXED ACCOUNT OPTIONS: THE GUARANTEE PERIODS [INSERT PAGE NUMBER]

THE ACCUMULATION PHASE [INSERT PAGE NUMBER]

Issuing Your Contract [INSERT PAGE NUMBER]

Amount and Frequency of Purchase Payments [INSERT PAGE NUMBER]

Allocation of Net Purchase Payments [INSERT PAGE NUMBER]

Your Account [INSERT PAGE NUMBER]

Your Account Value [INSERT PAGE NUMBER]

Variable Account Value [INSERT PAGE NUMBER]

Fixed Account Value [INSERT PAGE NUMBER]

Transfer Privilege [INSERT PAGE NUMBER]

Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates [INSERT PAGE NUMBER]

Other Programs [INSERT PAGE NUMBER]

WITHDRAWALS, WITHDRAWAL CHARGE AND MARKET VALUE ADJUSTMENT [INSERT PAGE NUMBER]

Cash Withdrawals [INSERT PAGE NUMBER]

Withdrawal Charge [INSERT PAGE NUMBER]

Types of Withdrawals Not Subject to Withdrawal Charge [INSERT PAGE NUMBER]

Market Value Adjustment [INSERT PAGE NUMBER]

CONTRACT CHARGES [INSERT PAGE NUMBER]

Account Fee [INSERT PAGE NUMBER]

Administrative Expense Charge [INSERT PAGE NUMBER]

Mortality and Expense Risk Charge [INSERT PAGE NUMBER]

Charges for Optional Death Benefit Riders [INSERT PAGE NUMBER]

Premium Taxes [INSERT PAGE NUMBER]

Fund Expenses [INSERT PAGE NUMBER]

Modification in the Case of Group Contracts [INSERT PAGE NUMBER]

DEATH BENEFIT [INSERT PAGE NUMBER]

Amount of Death Benefit [INSERT PAGE NUMBER]

The Basic Death Benefit [INSERT PAGE NUMBER]

Optional Death Benefit Riders [INSERT PAGE NUMBER]

Spousal Continuance [INSERT PAGE NUMBER]

Calculating the Death Benefit [INSERT PAGE NUMBER]

Method of Paying Death Benefit [INSERT PAGE NUMBER]

Non-Qualified Contracts [INSERT PAGE NUMBER]

Selection and Change of Beneficiary [INSERT PAGE NUMBER]

Payment of Death Benefit [INSERT PAGE NUMBER]

Due Proof of Death [INSERT PAGE NUMBER]

THE INCOME PHASE -- ANNUITY PROVISIONS [INSERT PAGE NUMBER]

Selection of the Annuitant or Co-Annuitant [INSERT PAGE NUMBER]

Selection of the Annuity Commencement Date [INSERT PAGE NUMBER]

Annuity Options [INSERT PAGE NUMBER]

Selection of Annuity Option [INSERT PAGE NUMBER]

Amount of Annuity Payments [INSERT PAGE NUMBER]

Exchange of Variable Annuity Units [INSERT PAGE NUMBER]

Account Fee [INSERT PAGE NUMBER]

Annuity Payment Rates [INSERT PAGE NUMBER]

Annuity Options as Method of Payment for Death Benefit [INSERT PAGE NUMBER]

OTHER CONTRACT PROVISIONS [INSERT PAGE NUMBER]

Exercise of Contract Rights [INSERT PAGE NUMBER]

Change of Ownership [INSERT PAGE NUMBER]

Voting of Fund Shares [INSERT PAGE NUMBER]

Reports to Owners [INSERT PAGE NUMBER]

Substitution of Securities [INSERT PAGE NUMBER]

Change in Operation of Variable Account [INSERT PAGE NUMBER]

Splitting Units [INSERT PAGE NUMBER]

Modification [INSERT PAGE NUMBER]

Discontinuance of New Participants [INSERT PAGE NUMBER]

Reservation of Rights [INSERT PAGE NUMBER]

Right to Return [INSERT PAGE NUMBER]

TAX CONSIDERATIONS [INSERT PAGE NUMBER]

U.S. Federal Income Tax Considerations [INSERT PAGE NUMBER]

Puerto Rico Tax Considerations [INSERT PAGE NUMBER]

ADMINISTRATION OF THE CONTRACT [INSERT PAGE NUMBER]

DISTRIBUTION OF THE CONTRACT [INSERT PAGE NUMBER]

AVAILABLE INFORMATION [INSERT PAGE NUMBER]

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE [INSERT PAGE NUMBER]

STATE REGULATION [INSERT PAGE NUMBER]

LEGAL PROCEEDINGS [INSERT PAGE NUMBER]

FINANCIAL STATEMENTS [INSERT PAGE NUMBER]

TABLE OF CONTENTS OF STATEMENT OF ADDITIONAL INFORMATION [INSERT PAGE NUMBER]

APPENDIX A - GLOSSARY [INSERT PAGE NUMBER]

APPENDIX B - WITHDRAWALS, WITHDRAWAL CHARGES AND THE MARKET VALUE ADJUSTMENT [INSERT PAGE NUMBER]

APPENDIX C - CALCULATION OF BASIC DEATH BENEFIT [INSERT PAGE NUMBER]

APPENDIX D - CALCULATION OF EEB OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

APPENDIX E - CALCULATION OF EEB AND MAV AND 5% ROLL-UP DEATH BENEFIT [INSERT PAGE NUMBER]

APPENDIX F - CALCULATION OF EEB PLUS OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

APPENDIX G - CALCULATION OF EEB PLUS WITH MAV OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

APPENDIX H - CALCULATION OF EEB PLUS WITH 5% ROLL-UP OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

APPENDIX I - PREVSIOUSLY AVAILABLE INVESTMENT OPTIONS [INSERT PAGE NUMBER]

APPENDIX J - CONDENSED FINANCIAL INFORMATION [INSERT PAGE NUMBER]

SPECIAL TERMS

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

PRODUCT HIGHLIGHTS

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

The Annuity Contract

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

The Accumulation Phase

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

Variable Account Options:  The Funds

You can allocate your Purchase Payments among Sub-Accounts, each of which invests in a separate securities portfolio of the MFS® Variable Insurance Trust II, an open-end management investment company registered under the Investment Company Act of 1940. Our affiliate, Massachusetts Financial Services Company ("MFS"), serves as the investment adviser to the Trust. The investment returns on the Funds are not guaranteed.  You can make or lose money.  You can make transfers among the Funds and the Fixed Account Options.

The Fixed Account Options:  The Guarantee Periods

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

Fees and Expenses

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

Each year for the first five Account Years, if your Account Value is less than $75,000 on your Account Anniversary, we deduct a $35 Annual Account Fee.  After the fifth Account Year, we may increase the fee, but it will never exceed $50.  We will waive the Account Fee if your Contract was fully invested in the Fixed Account during the entire Account Year.

During the Accumulation Phase, we deduct a mortality and expense risk charge at an annual rate of 1.00% of the average daily value of the Contract invested in the Variable Account, if your initial Purchase Payment was less than $1,000,000, or 0.85% if your initial Purchase Payment was $1,000,000 or more.  We also deduct an administrative charge at an annual rate of 0.15% of the average daily value of the Contract invested in the Variable Account.  If you annuitize before your eighth Account Anniversary, we will deduct, during the Income Phase, an additional charge equal to an annual rate of 0.25% of your daily Account Value.

If you take more than a specified amount of money out of your Contract, we assess a withdrawal charge against each Purchase Payment withdrawn.  For each Purchase Payment, the withdrawal charge (also known as a "contingent deferred sales charge") starts at 7% and declines to 0% after the Purchase Payment has been in the Contract for seven years.

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

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

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

The Income Phase:  Annuity Provisions

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

During the Income Phase, the total insurance charges are deducted on a daily basis at an annual rate of 1.15% of your Account Value invested in the Variable Account (1.00% if your initial Purchase Payment was $1,000,000 or more). If your Annuity Commencement Date is within 7 years of the Contract Date, the annual insurance charges will be increased by 0.25%.

Death Benefit

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

Withdrawals, Withdrawal Charge and Market Value Adjustment

You can withdraw money from your Contract during the Accumulation Phase.  You may withdraw a portion of your Account Value each year without the imposition of a withdrawal charge.  This "free withdrawal amount" equals 15% of the amount of all Purchase Payments you have made in the first Account Year. For all other Account Years, the "free withdrawal amount" equals the amount of all Purchase Payments made and not withdrawn prior to the last 7 Account Years plus the greater of (1) your Contract's earnings, minus any free withdrawals taken during the life of your Contract or (2) 15% of the amount of all Purchase Payments made during the last 7 Account Years (including the current year) minus any free withdrawals taken during the current Account Year. Withdrawals made from the Fixed Account may also be subject to a Market Value Adjustment (see prospectus under "Market Value Adjustment"). You may also have to pay income taxes and tax penalties on money you withdraw.

Right to Return

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

Tax Considerations

Your earnings are not taxed until you take them out.  If you withdraw money during the Accumulation Phase, earnings come out first and are taxed as income. If you are younger than 59½ when you take money out, you may be charged a 10% federal tax penalty.

_________

NOTE ABOUT OTHER ANNUITY CONTRACTS THAT WE OFFER: In addition to the Contracts, we currently offer many other forms of annuity contracts with a wide variety of features, benefits and charges. Depending on your circumstances and needs, some of these other contracts may be at lower cost to you. Not all of the annuity contracts that we offer are available in all jurisdictions or through all of the selling agents who offer the contracts. You should consider with your selling agent what annuity contract or financial product is most consistent with your needs and preferences.

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

          Sun Life Assurance Company of Canada (U.S.)

          P.O. Box 9133

          Wellesley Hills, MA 02481

          Toll Free (800) 752-7215

FEES AND EXPENSES

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

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

Contract Owner Transaction Expenses

Sales Load Imposed on Purchases (as a percentage of Purchase Payments):		0%
Maximum Withdrawal Charge (as a percentage of Purchase Payments):		7%*
Number of Complete Account Years Since Purchase Payment has been in the Account	Withdrawal Charge
0-1	7%
1-2	7%
2-3	6%
3-4	6%
4-5	5%
5-6	4%
6-7	3%
7 or more	0%
Maximum Fee Per Transfer (currently $0):		$15**
Premium Taxes (as a percentage of Certificate Value or total Purchase Payments):		0% - 3.5%***

*	A portion of your Account may be withdrawn each year without imposition of any withdrawal charge and, after a Purchase Payment has been in your Account for 7 Account Years, it may be withdrawn free of the withdrawal charge.(See "Withdrawal Charges.")
**	Currently, we impose no fee upon transfers; however, we reserve the right to impose a fee of up to $15 per transfer. We do impose certain restrictions upon the number and frequency of transfers.  (See "Transfer Privilege.")
***	The premium tax rate and base vary by your state of residence and the type of Certificate you own. Currently, we deduct premium taxes from Certificate Value upon full surrender (including a surrender for the death benefit) or annuitization. (See "Contract Charges -- Premium Taxes.")

The tables below describe the fees and expenses that you will pay periodically during the time that you own the Contract, not including Fund fees and expenses.

Annual Account Fee $ 50*

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

	Mortality and Expense Risks Charge:	1.00%**
	Administrative Expenses Charge:	0.15%
Total Variable Account Annual Expenses (without optional benefits):		1.15%

Charges for Optional Death Benefit Features

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

	Maximum Charge for Optional Death Benefit Rider:	0.40%***
Total Variable Account Annual Expenses with Maximum Charge for Optional Death Benefit        Riders:		1.55%

*	The Annual Account Fee is currently $35. After the fifth Account Year, the fee may be changed, but it will never be greater than $50.  The fee is waived if 100% of your Account Value has been allocated only to the Fixed Account during the entire Account Year or if your Account Value is $75,000 or more on your Account Anniversary.(See "Account Fee.")
**	If your initial Purchase Payment is $100,000 or more, the mortality and expense risks charge will be 0.85% of average daily net Variable Account assets. After annuitization, the sum of the mortality and expense risks charge and the administrative expenses charge will never be greater than 1.15% of average daily net Variable Account assets, regardless of the amount of your initial Purchase Payment.  If you annuitize prior to your eighth Account Anniversary, however, we will deduct an additional charge equal to 0.25% of your daily Account Value. (See "Mortality and Expense Risks Charge.")
***	The optional death benefit riders are defined under "Death Benefit."  The charge varies depending upon the rider selected.

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

Total Annual Fund Operating Expenses		Minimum	Maximum
	(expenses as a percentage of average daily Fund net assets that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
Prior to any fee waiver or expense reimbursement*		0.80%	1.90%

* The expenses shown are for the year ended December 31, 2007, and do not reflect any fee waiver or expense reimbursement. The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits. The expenses of some Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through April 30, 2009. Other Funds have voluntary fee reduction and/or expense reimbursement arrangements that may be terminated at any time. If all such contractual or voluntary arrangements are taken into account, the minimum and maximum Total Annual Fund Operating Expenses for all Funds were 0.80% and 1.80%, respectively. Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.

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

EXAMPLE

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

The Example assumes that you invest $10,000 in the Contract for the time periods indicated and that your Contract includes the maximum charges for an optional death benefit (EEB and MAV and 5% Roll-Up, EEB Plus MAV, or EEB Plus with 5% Roll-Up).  If these optional benefits were not elected or fewer options were elected, the expense figures shown below would be lower.  The Example also assumes that your investment has a 5% return each year and assumes the maximum fees and expenses of any of the Funds.  For purposes of converting the annual contract fee to a percentage, the Example assumes an average Contract size of $35,000.  In addition, this Example assumes no transfers were made and no premium taxes were deducted.  If these arrangements were considered, the expenses shown would be higher.  This Example also does not take into consideration any fee waiver or expense reimbursement arrangement of the Funds.  If these arrangements were taken into consideration, the expenses shown would be lower.

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

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

1 year	3 years	5 years	10 years
$963	$1,625	$2,303	$3,840

(2) If you annuitize your Contract or if you do notsurrender your Contract at the end of the applicable time period:

1 year	3 years	5 years	10 years
$358	$1,088	$1,840	$3,840

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

CONDENSED FINANCIAL INFORMATION

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

THE ANNUITY CONTRACT

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

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

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

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

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

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

COMMUNICATING TO US ABOUT YOUR CONTRACT

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

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

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

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

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

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

THE VARIABLE ACCOUNT

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

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

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

VARIABLE ACCOUNT OPTIONS: THE MFS® VARIABLE INSURANCE TRUST II

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

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

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

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

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

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

THE FIXED ACCOUNT

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

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

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

THE FIXED ACCOUNT OPTIONS: THE GUARANTEE PERIODS

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

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

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

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

THE ACCUMULATION PHASE

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

Issuing Your Contract

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

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

Amount and Frequency of Purchase Payments

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

Allocation of Net Purchase Payments

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

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

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

Your Account

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

Your Account Value

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

Variable Account Value

     Variable Accumulation Units

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

     Variable Accumulation Unit Value

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

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

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

     Crediting and Canceling Variable Accumulation Units

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

Fixed Account Value

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

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

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

     Crediting Interest

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

     Guarantee Amounts

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

     Renewals

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

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

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

     Early Withdrawals

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

Transfer Privilege

     Permitted Transfers

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

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

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

We reserve the right to waive these restrictions and exceptions at any time, as discussed under "Short-Term Trading," or to change them.  Any change will be applied uniformly.  We will notify you of any change prior to its effectiveness.

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

     Requests for Transfers

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

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

     Short-Term Trading

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

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

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

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

We will provide you written notification of any restrictions imposed.

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

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

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

     Funds' Shareholder Trading Policies

In addition to the restrictions that we impose (as described under "Permitted Transfers" and "Short-Term Trading"), most of the Funds have adopted restrictions or other policies about transfers or other purchases and sales of the Fund's shares. These policies (the "Funds' Shareholder Trading Policies") are intended to protect the Fund from short-term trading or other trading practices that are potentially harmful to the Fund. The Funds' Shareholder Trading Policies may be more restrictive in some respects than the restrictions that we otherwise would impose, and the Funds may modify their Shareholder Trading Policies from time to time.

We are legally obligated to provide (at the Funds' request) information about each amount you cause to be deposited into a Fund (including by way of Purchase Payments and transfers under your Contract) or removed from the Fund (including by way of withdrawals and transfers under your Contract). If a Fund identifies you as having violated the Fund's Shareholder Trading Policies, we are obligated, if the Fund requests, to restrict or prohibit any further deposits or exchanges by you (or a third party acting on your behalf) in respect of that Fund. Any such restriction or prohibition may remain in place indefinitely.

Accordingly, if you do not comply with any Fund's Shareholder Trading Policies, you (or a third party acting on your behalf) may be prohibited from directing any additional amounts into that Fund or directing any transfers or other exchanges involving that Fund. You should review and comply with each Fund's Shareholder Trading Policies, which are disclosed in the Funds' current prospectuses.

Funds may differ significantly as to such matters as: (a) the amount, format, and frequency of information that the Funds request from us about transactions that our customers make; and (b) the extent and nature of any limits or restrictions that the Funds request us to impose upon such transactions. As a result of these differences, the costs borne by us and (directly or indirectly) by our customers may be significantly increased. Any such additional costs may outweigh any additional protection that would be provided to our customers, particularly in view of the protections already afforded by the trading restrictions that we impose as described under "Permitted Transfers" and under " Short-Term Trading." Also, if a Fund imposes more strict trading restrictions than are reasonably necessary under the circumstances, you could be deprived of potentially valuable flexibility to make transactions with respect to that Fund.  For these and other reasons, we may disagree with the timing or substance of a Fund's requests for information from us or with any transaction limits or restrictions that the Fund requests us to impose upon our customers.  If any such disagreement with respect to a Fund cannot be satisfactorily resolved, the Fund might be restricted or, subject to obtaining any required regulatory approval, replaced as a variable investment option.

Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates

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

Other Programs

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

     Dollar-Cost Averaging

Dollar-cost averaging allows you to invest gradually, over time, in up to 12 Sub-Accounts. You may select a dollar-cost averaging program at no extra charge by allocating a minimum amount to a designated Sub-Account or to a Guarantee Period we make available in connection with the program.  (We reserve the right to limit minimum investments to at least $1,000.)  Amounts allocated to the Fixed Account under the program will earn interest at a rate declared by the Company for the Guarantee Period you select. Previously applied amounts may not be transferred to a Guarantee Period made available in connection with this program. At regular time intervals, we will transfer the same amount automatically to one or more Sub-Accounts that you choose, up to a maximum of 12 Sub-Accounts. The program continues until your Account Value allocated to the program is depleted or you elect to stop the program. The final amount transferred from the Fixed Account will include all interest earned.

No Market Value Adjustment (either positive or negative) will apply to amounts automatically transferred from the Fixed Account under the dollar-cost averaging program. However, if you discontinue or alter the program prior to completion, amounts remaining in the Fixed Account will be transferred to the Money Market Fund investment option under the Contract, unless you instruct us otherwise, and the Market Value Adjustment will be applied. Any allocation of a new Purchase Payment to the program will be treated as commencing a new dollar-cost averaging program and may be subject to the $1,000 minimum investment limit.

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

     Asset Allocation

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

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

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

     Systematic Withdrawal and Interest Out Programs

You may select our Systematic Withdrawal Program or our Interest Out Program.  Under the Systematic Withdrawal Program, you determine the amount and frequency of regular withdrawals you would like to receive from your Fixed Account Value and/or Variable Account Value and we will process them automatically.  Under the Interest Out Program, we automatically pay you or reinvest interest credited for all Guarantee Periods you have chosen.  The withdrawals under these programs may be subject to surrender charges and a Market Value Adjustment. They may also be included as income and subject to a 10% federal tax penalty. You should consult a qualified tax professional before choosing these options.  We reserve the right to limit the election of either of these programs to Contracts with a minimum Account Value of $10,000.

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

     Portfolio Rebalancing Program

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

No transfers to or from any Guarantee Period are permitted while this program is in effect.

     Secured Future Program

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

WITHDRAWALS, WITHDRAWAL CHARGE AND MARKET VALUE ADJUSTMENT

Cash Withdrawals

     Requesting a Withdrawal

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

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

     Full Withdrawals

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

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

     Partial Withdrawals

Unless you specify otherwise, when you request a partial withdrawal, we will pay you the amount specified in your request adjusted by any applicable charges and/or MVA and then reduce the value of your Account by the amount of the withdrawal.

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

Withdrawals may significantly reduce the death benefit amount.  In calculating the amount payable under the death benefit, we may reduce the benefit by an amount that is greater than the amount of the withdrawal, depending on the circumstances. Accordingly, you should refer to the more detailed discussions of the optional death benefit riders that appear elsewhere in this Prospectus for information about the effects that withdrawals will have on those benefits.

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

     Time of Payment

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

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

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

     Withdrawal Restrictions for Qualified Plans

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

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

Withdrawal Charge

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

     Free Withdrawal Amount

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

For convenience in discussing free withdrawal amounts, we refer to Purchase Payments made during the last 7 Account Years, including the current Account Year, as "New Payments," and we refer to Purchase Payments made before the last 7 Account Years as "Old Payments."

For the first Account Year, the free withdrawal amount is equal to 15% of the amount of all Purchase Payments you have made. For all other Account Years, the free withdrawal amount is equal to the greater of:

l	your Contract's earnings (defined below), minus any free withdrawals taken during the life of your Contract, or
l	15% of the amount of all New Payments minus any free withdrawals taken during the current Account Year.

Your Contract's earnings are equal to:

l	your Account Value, minus
l	all Purchase Payments made plus
l	all partial withdrawals and charges taken.

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

     Withdrawal Charge on Purchase Payment

If you withdraw more than the free withdrawal amount, we consider the excess amount to be withdrawn first from Payments that you have not previously withdrawn. We impose the withdrawal charge on the amount of New Payments withdrawn. Thus, the maximum amount on which we will impose the withdrawal charge will never exceed the total of New Payments that you have not previously withdrawn.

     Order of Withdrawal

When you take a withdrawal, we liquidate your Contract in the following order:

(1)	the free withdrawal amount, and
(2)	unliquidated payments on a first-in, first-out basis.

     Calculation of Withdrawal Charge

We calculate the amount of the withdrawal charge by multiplying the Purchase Payments you withdraw by a percentage. The percentage varies according to the number of Account Years the Purchase Payment has been held in your Account, including the Account Year in which you made the Payment, but not the Account Year in which you withdraw it. Each Payment begins a new 7-year period and moves down the declining surrender charge scale as shown below at each Account Anniversary. Payments received during the current Account Year will be charged 7%, if withdrawn. On your next scheduled Account Anniversary, that Payment, along with any other Payments made during that Account Year, will be considered to be in their second Account Year and will have a 7% withdrawal charge. On the next Account Anniversary, these Payments will move into their third Account Year and will have a withdrawal charge of 6%, if withdrawn. This withdrawal charge decreases according to the number of Account Years the Purchase Payment has been held in your Account.  The Withdrawal Charge scale is as follows:

Number of Account Years
Payment Has Been	Withdrawal
In Your Contract	Charge
0-1	7%
1-2	7%
2-3	6%
3-4	6%
4-5	5%
5-6	4%
6-7	3%
7 or more	0%

For example, the percentage applicable to withdrawals of a Payment that has been in an Account for more than 2 Account Years but less than 3 will be 6%, regardless of the issue date of the Contract.

The withdrawal charge will never be greater than 7% of the Purchase Payments you make under your Contract.

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

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

Types of Withdrawals Not Subject to Withdrawal Charge

     Nursing Home Waiver

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

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

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

     Minimum Distributions

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

     Other Withdrawals

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

Market Value Adjustment

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

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

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

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

[(1 + I) ÷ (1 + J + b)](N/12)  -  1

where:

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

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

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

CONTRACT CHARGES

Account Fee

During the Accumulation Phase of your Contract, we will deduct from your Account an annual Account Fee to help cover the administrative expenses we incur related to the issuance of Contracts and the maintenance of Accounts. We deduct the Account Fee on each Account Anniversary. In Account Years 1 through 5, the annual Account Fee is $35. After Account Year 5, we may change the Account Fee each year, but the Account Fee will never exceed $50. We deduct the Account Fee pro rata from each Sub-Account and each Guarantee Period, based on the allocation of your Account Value on your Account Anniversary.

We will not charge the Account Fee if:

l	your Account Value has been allocated only to the Fixed Account during the applicable Account Year; or
l	your Account Value is $75,000 or more on your Account Anniversary.

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

After the Annuity Commencement Date, we will deduct an annual Account Fee of $35 in the aggregate in equal amounts from each Variable Annuity payment we make during the year. We do not deduct any Account Fee from Fixed Annuity payments.

Administrative Expense Charge

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

Depending on the amount of expenses that we incur, we expect that we may earn a profit from this charge. If so, we may use the profit for any proper corporate purpose, including paying any other expenses in connection with the Contracts or adding to our corporate surplus.

Mortality and Expense Risk Charge

During the Accumulation Phase, we deduct a mortality and expense risk charge from the assets of the Variable Account at an effective annual rate equal to 1.00%, if your initial Purchase Payment was less than $1,000,000, or 0.85% if your initial Purchase Payment was $1,000,000 or more. However, if you annuitize your Contract prior to your eighth Contract Anniversary, we will deduct an additional 0.25% during the Income Phase to offset the increased mortality risk during this phase. We assume numerous mortality and expense risks under the Contracts. These risks include, but are not limited to, (1) the risk that arises from our contractual obligation to continue to make annuity payments to each Annuitant, regardless of how long the Annuitant lives and regardless of how long all Annuitants as a group live; (2) the risk that arises from our contractual obligation to pay a death benefit upon the death of the Participant prior to the Annuity Commencement Date, including in cases where the death benefit is greater than a Contract's Account Value; (3) the risk that our cost of providing benefits according to the terms of any optional death benefit riders will exceed the amount of the charges we deduct for those riders; and (4) the risk that the annual Account Fee and the administrative expense charge we assess under the Contract may be insufficient to cover the actual total administrative expenses we incur. If the amount of the charge is insufficient to cover our costs resulting from these and other mortality and expense risks, we will bear the loss. If, as we expect, the amount of the charge is more than sufficient to cover the risks, we will make a profit on the charge. We may use this profit for any proper corporate purpose, including the payment of marketing and distribution expenses for the Contract. In setting the rate of this charge, we not only consider our expected mortality and expense risks, but also our objective to earn a profit from the Contracts, after all of the costs, expenses, credits, and benefits we expect to pay in connection with the Contracts.

Charges for Optional Death Benefit Riders

If you elect an optional death benefit rider, we will deduct, during the Accumulation Phase, a charge from the assets of the Variable Account depending upon which of the optional death benefit rider(s) you elect. The effective annual percentage rates of these charges are set out below.

	% of Variable
Rider(s) You Elect*	Account Value
"EEB"	0.15%
"MAV"	0.15%
"5% Roll-Up"	0.15%
"EEB" and "MAV"	0.25%
"EEB" and "5% Roll-Up"	0.25%
"MAV" and "5% Roll-Up"	0.25%
"EEB Plus"	0.25%
"EEB" and "MAV" and "5% Roll-Up"	0.40%
"EEB Plus MAV"	0.40%
"EEB Plus 5% Roll-Up"	0.40%

                                             _____________________________________

                                            * As defined under "Optional Death Benefit Riders."

Premium Taxes

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

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

Fund Expenses

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

Modification in the Case of Group Contracts

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

DEATH BENEFIT

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

Amount of Death Benefit

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

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

The Basic Death Benefit

In general, if you were 85 or younger on your Contract Date (the date we accepted your first Purchase Payment), the death benefit will be the greatest of the following amounts:

(1)	your Account Value for the Valuation Period during which the Death Benefit Date occurs;
(2)	the amount we would pay if you had surrendered your entire Account on the Death Benefit Date; and
(3)	your total Purchase Payments (adjusted for partial withdrawals) as of the Death Benefit Date. See "Calculating the Death Benefit." Because of the way that Adjusted Purchase Payments are computed, a withdrawal may cause the basic death benefit to decrease by more than the amount of the withdrawal.

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

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

Optional Death Benefit Riders

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

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

     Maximum Anniversary Account Value ("MAV") Rider

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

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

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

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

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

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

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

     Earnings Enhancement ("EEB") Rider

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

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

     Earnings Enhancement Plus ("EEB Plus") Rider

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

l

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

l

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

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

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

l

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

l

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

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

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

l

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

l

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

     Selecting Multiple Death Benefit Riders

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

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

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

Spousal Continuance

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

Calculating the Death Benefit

In calculating the death benefit amount payable under option (3) of the "Basic Death Benefit" or any of the optional death benefit riders, any partial withdrawals will reduce the death benefit amount to an amount equal to the death benefit amount immediately before the withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal. Because of the way these adjustments are computed, a withdrawal may cause the basic death benefit to decrease by more than the amount of the withdrawal.

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

Method of Paying Death Benefit

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

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

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

Non-Qualified Contracts

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

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

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

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

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

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

Selection and Change of Beneficiary

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

Payment of Death Benefit

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

Due Proof of Death

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

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

THE INCOME PHASE -- ANNUITY PROVISIONS

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

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

Once the Income Phase begins, no lump sum settlement option or cash withdrawals are permitted, except pursuant to Annuity Option D, Monthly Payments for a Specified Period Certain, as described below under the heading "Annuity Options," and you cannot change the Annuity Option selected. (Also, a Beneficiary receiving payments after the Annuitant's death under Option B, Life Annuity with 60, 120, 180 or 240 Monthly Payments Certain, may elect to receive the discounted value of the remaining payments in a single sum, as discussed under "Annuity Options.") You may request a full withdrawal before the Annuity Commencement Date, which will be subject to all charges applicable on withdrawals. (See "Withdrawals, Withdrawal Charge and Market Value Adjustment.")

Selection of the Annuitant or Co-Annuitant

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

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

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

Selection of the Annuity Commencement Date

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

l	The earliest possible Annuity Commencement Date is the first day of the second month following your Contract Date.
l	The latest possible Annuity Commencement Date is the first day of the month following the Annuitant's 95th birthday ("maximum Annuity Commencement Date") or, if there is a Co-Annuitant, the 95th birthday of the younger of the Annuitant and Co-Annuitant.
l	The Annuity Commencement Date must always be the first day of a calendar month.

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

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

There may be other restrictions on your selection of the Annuity Commencement Date imposed by your retirement plan or applicable law. In most situations, current law requires that for a Qualified Contract, certain minimum distributions must commence no later than April 1 following the year the Annuitant reaches age 70½ (or, for Qualified Contracts other than IRAs, no later than April 1 following the year the Annuitant retires, if later than the year the Annuitant reaches age 70½).

Annuity Options

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

     Annuity Option A - Life Annuity

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

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

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

     Annuity Option C - Joint and Survivor Annuity

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

     Annuity Option D - Monthly Payments for a Specified Period Certain

We make monthly payments for a specified period of time from 5 to 30 years, as you elect. The longer the period you elect, the smaller your monthly payments will be. If payments under this option are paid on a variable annuity basis, the Annuitant may elect to receive, at any time, some or all of the discounted value of the remaining payments, less any applicable withdrawal charge; the discount rate for this purpose will be the assumed interest rate in effect. If the Annuitant dies during the period selected, the remaining income payments are made as described above for the payments to a Beneficiary under Annuity Option B. The election of this Annuity Option may result in the imposition of a penalty tax. The 5, 6, 7, 8, & 9-year period certain options are not available if your Contract has been issued within the past 7 years unless (a) you or your Beneficiary are selecting this Annuity Option to be used as the method of payment for the death benefit and (b) your Beneficiary's life expectancy on the date of the first payment exceeds the selected period.

Selection of Annuity Option

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

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

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

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

Amount of Annuity Payments

     Adjusted Account Value

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

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

     Variable Annuity Payments

On the Annuity Commencement Date, we will exchange your Account's Variable Annuity Units for Annuitization Units which have annual insurance charges of 1.15% of your average daily net assets (1.00% if your initial Purchase Payment was $1,000,000 or more). If your Annuity Commencement Date is within 7 years of the Contract Date, the annual insurance charges will be increased by 0.25%. Variable Annuity payments may vary each month. We determine the dollar amount of the first payment using the portion of your Adjusted Account Value applied to a Variable Annuity and the Annuity Payment Rates in your Contract, which are based on an assumed interest rate of 3% per year, compounded annually. See "Annuity Payment Rates."

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

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

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

     Fixed Annuity Payments

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

     Minimum Payments

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

Exchange of Variable Annuity Units

During the Income Phase, the Annuitant may exchange Annuity Units in one Sub-Account for Annuity Units in another Sub-Account, up to 12 times each Account Year. Any such exchanges may be subject to any restrictions or other policies that the Funds have adopted to protect the Funds from short-term trading or other practices that are potentially harmful to the Fund (the "Funds' Shareholder Trading Policies"). The applicability of the Funds' Shareholder Trading Policies is the same during the Income Phase as during the Accumulation Phase, and this is discussed in this prospectus under "Funds' Shareholder Trading Policies." For the reasons discussed there, you should review and comply with each Fund's Shareholder Trading Policies, which are disclosed in the Funds' current prospectuses.

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

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

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

Account Fee

During the Income Phase, we deduct the annual Account Fee of $35 in equal amounts from each Variable Annuity payment. We do not deduct the annual Account Fee from Fixed Annuity payments.

Annuity Payment Rates

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

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

Annuity Options as Method of Payment for Death Benefit

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

OTHER CONTRACT PROVISIONS

Exercise of Contract Rights

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

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

Change of Ownership

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

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

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

Voting of Fund Shares

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

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

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

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

Reports to Owners

We will send you, by regular U.S. mail, confirmation of all Purchase Payments (including any interest credited), withdrawals, (including any withdrawal charges, negative market value adjustments, and federal taxes on withdrawals), minimum distributions, death benefit payments, and transfers (excluding dollar-cost averaging transfers).  Such confirmations will be sent within two business days after the transaction occurs.

In addition, within 5 business days after each Account Quarter, we will send you a statement showing your current Account Value, death benefit value, and investment allocation by asset class.  Each quarterly statement will detail transactions that occurred during the last Account Quarter including Purchase Payments, annuity payments, transfers (including dollar-cost averaging transfers), partial withdrawals, systematic withdrawals, minimum distributions, portfolio rebalancing, asset reallocations, interest credited on fixed accounts, and annual contract fees assessed.

We will also send you annual and semi-annual reports of the funds in which you are invested, including a list of investments held by each portfolio as of the current date of the report.

It is your obligation to review each such statement carefully and to report to us, at the address or telephone number provided on the statement, any errors or discrepancies in the information presented therein within 60 days of the date of such statement. Unless we receive notice of any such error or discrepancy from you within such period, we may not be responsible for correcting the error or discrepancy.

Substitution of Securities

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

Change in Operation of Variable Account

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

Splitting Units

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

Modification

Upon notice to the Participant, in the case of an Individual Contract, and the Owner and Participant(s), in the case of a Group Contract (or the Payee(s) during the Income Phase), we may modify the Contract if such modification: (1) is necessary to make the Contract or the Variable Account comply with any law or regulation issued by a governmental agency to which the Company or the Variable Account is subject; (2) is necessary to assure continued qualification of the Contract under the Internal Revenue Code or other federal or state laws relating to retirement annuities or annuity contracts; (3) is necessary to reflect a change in the operation of the Variable Account or the Sub-Account(s) (see "Change in Operation of Variable Account"); (4) provides additional Variable Account and/or fixed accumulation options; or (5) as may otherwise be in the best interests of Owners, Participants, or Payees, as applicable. In the event of any such modification, we may make appropriate endorsement in the Contract to reflect such modification.

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

Discontinuance of New Participants

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

Reservation of Rights

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

Right to Return

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

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

TAX CONSIDERATIONS

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

U.S. Federal Income Tax Considerations

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

     Deductibility of Purchase Payments

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

     Pre-Distribution Taxation of Contracts

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

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

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

     Distributions and Withdrawals from Non-Qualified Contracts

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

Any withdrawal of less than your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date, must be treated as a receipt of investment earnings. You may not treat such withdrawals as a non-taxable return of Purchase Payments unless you have first withdrawn the entire amount of the Account Value that is attributable to investment earnings. For purposes of determining whether an Owner has withdrawn the entire amount of the investment earnings under a Non-Qualified Contract, the Code provides that all Non-Qualified deferred annuity contracts issued by the same company to the same Owner during any one calendar year must be treated as one annuity contract. If you withdraw your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date (a "full surrender"), the taxable portion will equal the amount you receive less the "investment in the contract" (i.e., the total Purchase Payments (excluding amounts that were deductible by, or excluded from the gross income of, the Owner of a Contract), less any Purchase Payments that were amounts previously received which were not includable in income).

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

A penalty tax of 10% may also apply to taxable cash withdrawals, including lump-sum payments from Non-Qualified Contracts. This penalty will generally not apply to distributions made after age 59½, to distributions pursuant to the death or disability of the Participant, to distributions that are a part of a series of substantially equal periodic payments made not less frequently than annually for life or life expectancy, or to distributions under an immediate annuity (as defined above).

Death benefits paid upon the death of a Participant are not life insurance benefits and will generally be includible in the income of the recipient to the extent they represent investment earnings under the contract.  For this purpose, the amount of the investment in the contract is not affected by the Participant's or Annuitant's death, i.e., the investment in the Contract must still be determined by reference to the Participant's investment in the contract. Special mandatory distribution rules also apply after the death of the Participant when the beneficiary is not the surviving spouse of the Participant.  

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

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

     Distributions and Withdrawals from Qualified Contracts

In most cases, all of the distributions you receive from a Qualified Contract will constitute fully taxable ordinary income. Also, a 10% penalty tax will apply to distributions prior to age 59½, except in certain circumstances.

If you receive a distribution from a Qualified Contract used in connection with a qualified pension plan, from a tax-sheltered annuity, a governmental Code Section 457 plan or an individual retirement annuity "IRA" and roll over some or all that distribution to another eligible plan, following the rules set out in the Code and IRS regulations, the portion of such distribution that is rolled over will not be includible in your income. An eligible rollover distribution from a qualified plan, tax-sheltered annuity or governmental Section 457 plan will be subject to 20% mandatory withholding as described below. Because the amount of the cash paid to you as an eligible rollover distribution will be reduced by this withholding, you will not be able to roll over the entire account balance under your Contract, unless you use other funds equal to the tax withholding to complete the rollover. Rollovers of IRA distributions are not subject to the 20% mandatory withholding requirement.

An eligible rollover distribution from a qualified plan, governmental Section 457 plan or tax-sheltered annuity is any distribution of all or any portion of the balance to the credit of an employee, except that the term does not include:

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

Only you or your surviving spouse Beneficiary may elect to roll over a distribution to an eligible retirement plan. However, a non-surviving-spouse Beneficiary may able to directly transfer a distribution to a so-called inherited IRA that will be subject to the IRS distribution rules applicable to beneficiaries.

     Withholding

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

     Investment Diversification and Control

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

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

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

     Tax Treatment of the Company and the Variable Account

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

     Qualified Retirement Plans

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

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

     Pension and Profit-Sharing Plans

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

     Tax-Sheltered Annuities

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

If the Contracts are to receive tax-deferred treatment, cash withdrawals of amounts attributable to salary reduction contributions (other than withdrawals of accumulation account value as of December 31, 1988) may be made only when the Participant attains age 59½, has a severance from employment with the employer, dies or becomes disabled (within the meaning of Section 72(m)(7) of the Code). These restrictions apply to (i) any post-1988 salary reduction contributions, (ii) any growth or interest on post-1988 salary reduction contributions, (iii) any growth or interest on pre-1989 salary reduction contributions that occurs on or after January 1, 1989, and (iv) any pre-1989 salary reduction contributions since we do not maintain records that separately account for such contributions. It is permissible, however, to withdraw post-1988 salary reduction contributions (but not the earnings attributable to such contributions) in cases of financial hardship. The Internal Revenue Service has issued specific rules defining financial hardship, but those rules do not become effective until January 1, 2009.  Until then, we expect that to qualify for a hardship distribution, the Participant must have an immediate and heavy bona fide financial need and lack other resources reasonably available to satisfy the need. Hardship withdrawals (as well as certain other premature withdrawals) will be subject to a 10% tax penalty, in addition to any withdrawal charge applicable under the Contracts. Under certain circumstances the 10% tax penalty will not apply if the withdrawal is for medical expenses.

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

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

The Internal Revenue Service has issued comprehensive regulations that are generally effective January 1, 2009, to 403(b) plans and annuities, but that may apply to a Section 403(b) annuity issued before that date.  You should consult with a qualified tax professional about those regulations.

     Individual Retirement Arrangements

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

     Roth Individual Retirement Arrangements

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

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

     Impact of Optional Death Benefit Riders

Qualified Contracts. If your Contract is a traditional IRA annuity or a 403(b) TSA annuity, it is subject to certain required minimum distribution (RMD) requirements imposed by the Internal Revenue Code and IRS regulations. Under the RMD rules, distributions must begin no later than April 1 of the calendar year following the year in which you attain age 70½ or, for non-IRAs, the date of retirement instead of age 70½ if it is later. The RMD amount for a distribution calendar year is generally calculated by dividing the Contract's value as of 12/31 of the prior calendar year by the applicable distribution factor set forth in a Uniform Lifetime Table in the IRS regulations. For Contracts issued in connection with traditional Individual Retirement Accounts, you should contact the Account's trustee or custodian about RMD requirements since we only provide the trustee or custodian with the Contract's value (including any actuarial present value of additional benefits discussed below) so that it can be used in the Account's RMD calculations.

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

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

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

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

Puerto Rico Tax Considerations

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

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

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

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

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

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

ADMINISTRATION OF THE CONTRACT

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

DISTRIBUTION OF THE CONTRACT

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

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

The amount and timing of commissions the Company may pay to Selling Broker-Dealers may vary depending on the selling agreement but is not expected to be more than 8.50% of Purchase Payments, and 1.25% annually of the Participant's Account Value. The Company may pay or allow other promotional incentives or payments in the form of cash or other compensation to the extent permitted by FINRA rules and other applicable laws and regulations, and this compensation may be significant in amount.

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

In addition to the compensation described above, the Company may make additional cash payments, in certain circumstances referred to as "override" compensations, or reimbursements to Selling Broker-Dealers in recognition of their marketing and distribution, transaction processing and/or administrative services support.  These payments are not offered to all Selling Broker-Dealers, and the terms of any particular agreement governing the payments may vary among Selling Broker-Dealers depending on, among other things, the level and type of marketing and distribution support provided. Marketing and distribution support services may include, among other services, placement of the Company's products on the Selling Broker-Dealers' preferred or recommended list, access to the Selling Broker-Dealers' registered representatives for purposes of promoting sales of the Company's products, assistance in training and education of the Selling Agents, and opportunities for the Company to participate in sales conferences and educational seminars.  The payments or reimbursements may be calculated as a percentage of the particular Selling Broker-Dealer's actual or expected aggregate sales of our variable contracts (including the Contract) or assets held within those contracts and/or may be a fixed dollar amount. Broker-dealers receiving these additional payments may pass on some or all of the payments to the Selling Agent. The prospect of receiving, or the receipt of additional compensation as described above may provide Selling Broker-Dealers with an incentive to favor sales of the Contracts over other variable annuity contracts (or other investments) with respect to which the Selling Broker-Dealer does not receive additional compensation, or lower levels of additional compensation. You should take such payment arrangements into account when considering and evaluating any recommendation relating to the Contracts.

In addition to selling our variable contracts (including the Contract), some Selling Broker-Dealers or their affiliates may have other business relationships with the Company. Those other business relationships may include, for example, reinsurance agreements pursuant to which an affiliate of the Selling Broker-Dealer provides reinsurance to the Company relative to some or all of the Policies or other variable policies issued by the Company or its affiliates. The potential profits for a Selling Broker-Dealer or its affiliates (including its registered representatives) associated with such reinsurance arrangements could be significant in amount and could indirectly provide incentives to the Selling Broker-Dealer and its Selling Agents to recommend products for which they provide reinsurance over similar products which do not result in potential reinsurance profits to the Selling Broker-Dealer or its affiliate. The operation of an individual contract is not impacted by whether the policy is subject to a reinsurance arrangement between the Company and an affiliate of the Selling Broker-Dealer.

As discussed in the preceding paragraphs, the Company makes numerous forms of payments and engages in a variety of other activities that, directly or indirectly, provide incentives to, and otherwise facilitate and encourage the offer and sale of the Contracts by Selling Broker-Dealers and their registered representatives. Such payments and other activities may be significantly greater or less in connection with the Contracts than in connection with other products offered and sold by the Company or by others. Accordingly, our payments and other activities described above may create a potential conflict of interest, as they may influence your Selling Broker-Dealer or registered representative to present a Contract to you instead of (or more favorably than) another product or products that might be preferable to you.

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

Commissions may be waived or reduced in connection with certain transactions described in this Prospectus under the heading "Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates."  During 2005, 2006, and 2007, approximately $47,390, $39,143, and $42,345, respectively, in commissions were paid to but not retained by Clarendon in connection with the distribution of the Contracts.

AVAILABLE INFORMATION

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

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

You can inspect and copy this information and our registration statements at the SEC's public reference facilities at the following locations: Washington, D.C. -- 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549; Chicago, Illinois -- 500 West Madison Street, Chicago, IL 60661. The Washington, D.C. office will also provide copies by mail for a fee. You may also find these materials on the SEC's website (http://www.sec.gov).

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") is incorporated herein by reference. All documents or reports we file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this prospectus and prior to the termination of the offering, shall be deemed incorporated by reference into the prospectus.

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

STATE REGULATION

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

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

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

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

LEGAL PROCEEDINGS

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

FINANCIAL STATEMENTS

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

The financial statements of the Variable Account for the year ended December 31, 2007 are also included in the SAI.

TABLE OF CONTENTS OF STATEMENT OF ADDITIONAL INFORMATION

Sun Life Assurance Company of Canada (U.S.)

Advertising and Sales Literature

Calculations

     Example of Variable Accumulation Unit Value Calculation

     Example of Variable Annuity Unit Calculation

     Example of Variable Annuity Payment Calculation

Distribution of the Contracts

Designation and Change of Beneficiary

Custodian

Independent Registered Public Accounting Firm

Financial Statements

This Prospectus sets forth information about the Contract and the Variable Account that a prospective purchaser should know before investing. Additional information about the Contract and the Variable Account has been filed with the Securities and Exchange Commission in a Statement of Additional Information dated May 1, 2008, which is incorporated herein by reference. The Statement of Additional Information is available upon request and without charge from Sun Life Assurance Company of Canada (U.S.). To receive a copy, return this request form to the address shown below or telephone (800) 752-7215.

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

Name 

Address 

City           State    Zip  

Telephone                                                     

APPENDIX A -

GLOSSARY

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

COVERED PERSON: The person(s) identified as such in the Contract whose death will trigger the death benefit provisions of the Contract and whose medically necessary stay in a hospital or nursing facility may allow the Participant to be eligible for a waiver of the withdrawal charge. The Participant/Owner is the Covered Person unless there is a non-natural Owner, such as a trust, in which case the Annuitant is the Covered Person.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

RENEWAL DATE: The last day of a Guarantee Period.

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

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

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

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

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

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

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

APPENDIX B -

WITHDRAWALS, WITHDRAWAL CHARGES AND THE MARKET VALUE ADJUSTMENT

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

Withdrawal Charge Calculation:

Full Withdrawal

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

					Payment
	Hypothetical		Cumulative	Free	Subject to	Withdrawal	Withdrawal
Account	Account	Annual	Annual	Withdrawal	Withdrawal	Charge	Charge
Year	Value	Earnings	Earnings	Amount	Charge	Percentage	Amount
(a) 1	$41,000	$1,000	$ 1,000	$ 6,000	$35,000	7.00%	$2,450
2	$45,100	$4,100	$ 5,100	$ 6,000	$39,100	7.00%	$2,737
3	$49,600	$4,500	$ 9,600	$ 9,600	$40,000	6.00%	$2,400
(b) 4	$52,100	$2,500	$12,100	$12,100	$40,000	6.00%	$2,400
5	$57,300	$5,200	$17,300	$17,300	$40,000	5.00%	$2,000
6	$63,000	$5,700	$23,000	$23,000	$40,000	4.00%	$1,600
7	$66,200	$3,200	$26,200	$26,200	$40,000	3.00%	$1,200
(c) 8	$72,800	$6,600	$32,800	$32,800	$        0	0.00%	$      0

(a)	The free withdrawal amount in any year is equal to the greater of (1) the Contract's earnings that were not previously withdrawn, and (2) 15% of any Purchase Payments made in the last 7 Account Years ("New Payments"). In Account Year 1, the free withdrawal amount is $6,000, which equals 15% of the Purchase Payment of $40,000. On a full withdrawal of $41,000, the amount subject to a withdrawal charge is $35,000, which equals the Account Value of $41,000 minus the free withdrawal amount of $6,000.
(b)	In Account Year 4, the free withdrawal amount is $12,100, which equals the prior Contract's cumulative earnings to date. On a full withdrawal of $52,100, the amount subject to a withdrawal charge is $40,000.
(c)	In Account Year 8, the free withdrawal amount is $32,800, which equals the Contract's cumulative earnings to date. On a full withdrawal of $72,800, the amount subject to a withdrawal charge is $0, since the New Payments equal $0.

Partial Withdrawal Calculation

Assume a single Purchase Payment of $40,000 is made on the Contract Date, no additional Purchase Payments are made, no partial withdrawals have been taken prior to the fourth Account Year, and there are a series of 4 partial withdrawals made during the fourth Account Year of $4,000, $9,000, $12,000, and $20,000.

					Remaining
	Hypothetical				Free	Amount of			Hypothetical
	Account				Withdrawal	Withdrawal			Account
	Value				Amount	Subject to	Withdrawal	Withdrawal	Value
	Before		Cumulative	Amount of	After	Withdrawal	Charge	Charge	After
Year	Withdrawal	Earnings	Earnings	Withdrawal	Withdrawal	Charge	Percentage	Amount	Withdrawal
1	$41,000	$1,000	$ 1,000	$         0	$6,000	$         0	7.00%	$        0	$41,000
2	$45,100	$4,100	$ 5,100	$         0	$6,000	$         0	7.00%	$        0	$45,100
3	$49,600	$4,500	$ 9,600	$         0	$9,600	$         0	6.00%	$        0	$49,600
(a) 4	$50,100	$   500	$10,100	$ 4,000	$6,100	$         0	6.00%	$        0	$46,100
(b) 4	$46,900	$   800	$10,900	$ 9,000	$        0	$ 2,100	6.00%	$   126	$37,900
(c) 4	$38,500	$   600	$11,500	$12,000	$        0	$11,400	6.00%	$   684	$26,500
(d) 4	$26,900	$   400	$11,900	$20,000	$        0	$19,600	6.00%	$1,176	$  6,900

(a)	In Account Year 4, the free withdrawal amount is $10,100, which equals the Contract's cumulative earnings to date. The partial withdrawal amount of $4,000 is less than the free withdrawal amount, so there is no withdrawal charge.
(b)	Since a partial withdrawal of $4,000 was taken, the remaining free withdrawal amount in Account Year 4 is $10,900 - $4,000 = $6,900. Therefore, $6,900 of the $9,000 withdrawal is not subject to a withdrawal charge, and $2,100 is subject to a withdrawal charge. Of the $13,000 withdrawn to date, $10,900 has been from the free withdrawal amount and $2,100 has been from deposits.
(c)	Since $10,900 of the 2 prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account year 4 is $11,500 - $10,900 = $600. Therefore, $600 of the $12,000 withdrawal is not subject to a withdrawal charge, and $11,400 is subject to a withdrawal charge. Of the $25,000 withdrawn to date, $11,500 has been from the free withdrawal amount and $13,500 has been from deposits.
(d)	Since $11,500 of the 3 prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account Year 4 is $11,900 - $11,500 = $400. Therefore, $400 of the $20,000 withdrawal is not subject to a withdrawal charge, and $19,600 is subject to a withdrawal charge. Of the $45,000 withdrawn to date, $11,900 has been from the free withdrawal amount and $33,100 has been from deposits.

Note that if the $6,900 hypothetical Account Value after withdrawal was withdrawn, it would all be from deposits and subject to a withdrawal charge. The withdrawal charge would be 6% of $6,900, which equals $414. The total Account Year 4 withdrawal charges would then be $2,400, which is the same amount that was assessed for a full liquidation in Account Year 4 in the example on the previous page.

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

The MVA Factor is:

[(1 + I) ÷ (1 + J + b)](N/12)  -  1

These examples assume the following:

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

Example of a Negative MVA:

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

The MVA factor =	[(1 + I) ÷ (1 + J + b)](N/12) - 1
=	[(1 + .06) ÷ (1 + .08)](24/12) - 1
=	(.9812) - 1
=	.963 -1
=	-.037

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

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

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

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

Example of a Positive MVA:

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

The MVA factor =	[(1 + I) ÷ (1 + J + b)](N/12) - 1
=	[(1 + .06) ÷ (1 + .05)](24/12) - 1
=	(1.0102) - 1
=	1.019 - 1
=	.019

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

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

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

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

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

APPENDIX C -

CALCULATION OF BASIC DEATH BENEFIT

Example 1:

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

The Basic Death Benefit is the greatest of:
Account Value	=     $ 80,000.00
Cash Surrender Value*	=     $ 76,100.00
Purchase Payments	=     $100,000.00
The Basic Death Benefit would therefore be:	$100,000.00

Example 2:

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

The Basic Death Benefit is the greatest of:
Account Value	=     $ 60,000.00
Cash Surrender Value*	=     $ 56,36500
Adjusted Purchase Payments**	=     $ 75,000.00
The Basic Death Benefit would therefore be:	=     $ 75,000.00

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

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

APPENDIX D -

CALCULATION OF EEB OPTIONAL DEATH BENEFIT

Example 1:

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=     $100,000
The Death Benefit Amount would therefore	=     $135,000

- plus -

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

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

Example 2:

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts and that the Account Value is $135,000 just prior to a $20,000 withdrawal. The Account Value on the Death Benefit Date is $115,000. Assume death occurs in Account Year 7.  In addition, this Contract was issued prior to the owner's 70th birthday.

The Death Benefit Amount will be the greatest of:
Account Value	=     $ 115,000
Cash Surrender Value*	=     $ 112,000
Total of Adjusted Purchase Payments**	=     $  85,185
The Death Benefit Amount would therefore be	$ 115,000

- plus -

The EEB amount, calculated as follows:
Account Value minus Adjusted Purchase Payments	=     $ 29,815
40% of the above amount	=     $ 11,926
Cap of 40% of Adjusted Purchase Payments	=     $ 34,074
The lesser of the above two amount  = the EEB amount	=     $ 11,926

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

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

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

APPENDIX E -

CALCULATION OF EEB AND MAV AND 5% ROLL-UP DEATH BENEFIT

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=     $100,000
5% Premium Roll-up Value	=     $140,000
Maximum Anniversary Value	=     $142,000
The Death Benefit Amount would therefore	=     $142,000

- plus -

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

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

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

APPENDIX F -

CALCULATION OF EEB PLUS OPTIONAL DEATH BENEFIT

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

The Death Benefit Amount will be the greatest of:
Account Value	=  $135,000
Cash Surrender Value*	=  $132,000
Total of Adjusted Purchase Payments	=  $100,000
The Death Benefit Amount would therefore	=  $135,000

- plus -

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

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

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

APPENDIX G -

CALCULATION OF EEB PLUS WITH MAV OPTIONAL DEATH BENEFIT

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

The Death Benefit Amount will be the greatest of:
Account Value	=  $135,000
Cash Surrender Value*	=  $132,000
Total of Adjusted Purchase Payments	=  $100,000
Maximum Anniversary Value	=  $140,000
The Death Benefit Amount would therefore	=  $140,000

- plus -

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

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

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

APPENDIX H -

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

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

The Death Benefit Amount will be the greatest of:
Account Value	=  $135,000
Cash Surrender Value*	=  $132,000
Total of Adjusted Purchase Payments	=  $100,000
5% Premium Roll-up Value	=  $140,000
The Death Benefit Amount would therefore	=  $140,000

- plus -

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

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

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

APPENDIX I -

PREVSIOUSLY AVAILABLE INVESTMENT OPTIONS

The variable Fund options shown in this prospectus are the "Service Class" shares of the MFS® Variable Insurance Trust II.  The Service Class was first offered for sale on August 27, 2001.  All Contracts purchased on or after that date are invested in the Service Class.

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

Large-Cap Equity Funds	Specialty/Sector Funds
MFS® Capital Appreciation Portfolio	MFS® Technology Portfolio
MFS® Core Equity Portfolio	MFS® Utilities Portfolio
MFS® Growth Portfolio1	Asset Allocation Funds
MFS® Massachusetts Investors Growth	MFS® Total Return Portfolio
Stock Portfolio	Global Asset Allocation Funds
MFS®Blended Research Core Equity Portfolio	MFS® Global Total Return Portfolio
MFS® Research Portfolio	Money Market Funds
MFS® Value Portfolio	MFS® Money Market Portfolio
Mid-Cap Equity Funds	Intermediate-Term Bond Funds
MFS® Mid Cap Growth Portfolio	MFS® Bond Portfolio
Small-Cap Equity Funds	MFS® Government Securities Portfolio
MFS® New Discovery Portfolio	Multi-Sector Bond Funds
International/Global Equity Funds	MFS® Strategic Income Portfolio
MFS® Global Growth Portfolio	High Yield Bond Funds
MFS® Research International Portfolio	MFS® High Yield Portfolio
MFS® International Growth Portfolio	World Bond Funds
Emerging Markets Equity Funds	MFS® Global Governments Portfolio
MFS® Emerging Markets Equity Portfolio

1 Formerly MFS® Emerging Growth Portfolio.

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

Total Annual Fund Operating Expenses		Minimum	Maximum
	(expenses as a percentage of average daily Fund net assets that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
Prior to any fee waiver or expense reimbursement*		0.55%	1.55%

* The expenses shown are for the year ended December 31, 2007, and do not reflect any fee waiver or expense reimbursement. The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits. The expenses of some Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through April 30, 2009. Other Funds have voluntary fee reduction and/or expense reimbursement arrangements that may be terminated at any time. If all such contractual or voluntary arrangements are taken into account, the minimum and maximum Total Annual Fund Operating Expenses for all Funds fall within the range shown. Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.

EXAMPLE

*  *  *  *  *

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

1 year	3 years	5 years	10 years
$930	$1,529	$2,145	$3,526

(2) If you annuitize your Contract or if you do notsurrender your Contract at the end of the applicable time period:

1 year	3 years	5 years	10 years
$323	$986	$1,674	$3,526

APPENDIX J -

CONDENSED FINANCIAL INFORMATION

The following information for REGATTA CHOICE should be read in conjunction with the Variable Account's Financial Statements appearing in the Statement of Additional Information. The $10 beginning value for each accumulation unit is as of the date the unit commenced, which was generally later than the first day of the year shown. Subsequent values are shown for each period, unless there was no balance or transaction for the last day of the period, in which case no value is shown for the end of that period or the beginning of the next period.

Fund	Price Level	Year	Accumulation Unit Value Beginning of Year	Accumulation Unit Value End of Year	Number of Accumulation Units End of Year
MFS/Sun Life Bond Series	01	2007	14.6302	14.9943	0
MFS/Sun Life Bond Series	01	2006	14.0475	14.6302	0
MFS/Sun Life Bond Series	01	2005	13.9445	14.0475	0
MFS/Sun Life Bond Series	01	2004	13.2571	13.9445	0
MFS/Sun Life Bond Series	01	2003	12.2046	13.2571	0
MFS/Sun Life Bond Series	01	2002	11.2489	12.2046	28,714
MFS/Sun Life Bond Series	01	2001	10.5416	11.2489	53,054
MFS/Sun Life Bond Series	01	2000	10.0000	10.5416	0
MFS/Sun Life Bond Series	02	2007	14.4878	14.8257	291,027
MFS/Sun Life Bond Series	02	2006	13.9319	14.4878	351,162
MFS/Sun Life Bond Series	02	2005	13.8507	13.9319	410,931
MFS/Sun Life Bond Series	02	2004	13.1879	13.8507	484,328
MFS/Sun Life Bond Series	02	2003	12.1594	13.1879	652,105
MFS/Sun Life Bond Series	02	2002	11.2243	12.1594	675,414
MFS/Sun Life Bond Series	02	2001	10.5346	11.2243	518,393
MFS/Sun Life Bond Series	02	2000	10.0000	10.5346	0
MFS/Sun Life Bond Series	03	2007	14.3938	14.7145	86,802
MFS/Sun Life Bond Series	03	2006	13.8555	14.3938	58,920
MFS/Sun Life Bond Series	03	2005	13.7886	13.8555	73,556
MFS/Sun Life Bond Series	03	2004	13.1421	13.7886	86,855
MFS/Sun Life Bond Series	03	2003	12.1294	13.1421	92,957
MFS/Sun Life Bond Series	03	2002	11.2079	12.1294	125,086
MFS/Sun Life Bond Series	03	2001	10.5299	11.2079	115,086
MFS/Sun Life Bond Series	03	2000	10.0000	10.5299	0
MFS/Sun Life Bond Series	04	2007	14.3469	14.6590	363,882
MFS/Sun Life Bond Series	04	2006	13.8172	14.3469	429,780
MFS/Sun Life Bond Series	04	2005	13.7575	13.8172	490,548
MFS/Sun Life Bond Series	04	2004	13.1192	13.7575	517,562
MFS/Sun Life Bond Series	04	2003	12.1144	13.1192	608,044
MFS/Sun Life Bond Series	04	2002	11.1997	12.1144	584,110
MFS/Sun Life Bond Series	04	2001	10.5276	11.1997	568,948
MFS/Sun Life Bond Series	04	2000	10.0000	10.5276	0
MFS/Sun Life Bond Series	05	2007	14.2534	14.5487	585,271
MFS/Sun Life Bond Series	05	2006	13.7411	14.2534	660,444
MFS/Sun Life Bond Series	05	2005	13.6956	13.7411	700,703
MFS/Sun Life Bond Series	05	2004	13.0734	13.6956	794,564
MFS/Sun Life Bond Series	05	2003	12.0844	13.0734	908,050
MFS/Sun Life Bond Series	05	2002	11.1833	12.0844	1,083,642
MFS/Sun Life Bond Series	05	2001	10.5229	11.1833	977,135
MFS/Sun Life Bond Series	05	2000	10.0000	10.5229	0
MFS/Sun Life Bond Series	06	2007	14.1144	14.3848	312,135
MFS/Sun Life Bond Series	06	2006	13.6278	14.1144	318,166
MFS/Sun Life Bond Series	06	2005	13.6033	13.6278	332,083
MFS/Sun Life Bond Series	06	2004	13.0051	13.6033	365,273
MFS/Sun Life Bond Series	06	2003	12.0396	13.0051	400,140
MFS/Sun Life Bond Series	06	2002	11.1588	12.0396	411,299
MFS/Sun Life Bond Series	06	2001	10.5159	11.1588	319,639
MFS/Sun Life Bond Series	06	2000	10.0000	10.5159	0
MFS/Sun Life Bond Series S Class	01	2007	12.9429	13.2333	32,930
MFS/Sun Life Bond Series S Class	01	2006	12.4661	12.9429	36,765
MFS/Sun Life Bond Series S Class	01	2005	12.3942	12.4661	20,720
MFS/Sun Life Bond Series S Class	01	2004	11.8211	12.3942	22,177
MFS/Sun Life Bond Series S Class	01	2003	10.9114	11.8211	25,477
MFS/Sun Life Bond Series S Class	01	2002	10.0862	10.9114	28,207
MFS/Sun Life Bond Series S Class	01	2001	10.0000	10.0862	0
MFS/Sun Life Bond Series S Class	02	2007	12.8384	13.1064	248,296
MFS/Sun Life Bond Series S Class	02	2006	12.3841	12.8384	262,245
MFS/Sun Life Bond Series S Class	02	2005	12.3314	12.3841	273,657
MFS/Sun Life Bond Series S Class	02	2004	11.7791	12.3314	310,628
MFS/Sun Life Bond Series S Class	02	2003	10.8892	11.7791	364,889
MFS/Sun Life Bond Series S Class	02	2002	10.0810	10.8892	388,976
MFS/Sun Life Bond Series S Class	02	2001	10.0000	10.0810	73,400
MFS/Sun Life Bond Series S Class	03	2007	12.7692	13.0226	0
MFS/Sun Life Bond Series S Class	03	2006	12.3298	12.7692	0
MFS/Sun Life Bond Series S Class	03	2005	12.2897	12.3298	0
MFS/Sun Life Bond Series S Class	03	2004	11.7512	12.2897	0
MFS/Sun Life Bond Series S Class	03	2003	10.8744	11.7512	0
MFS/Sun Life Bond Series S Class	03	2002	10.0774	10.8744	0
MFS/Sun Life Bond Series S Class	03	2001	10.0000	10.0774	0
MFS/Sun Life Bond Series S Class	04	2007	12.7346	12.9807	211,380
MFS/Sun Life Bond Series S Class	04	2006	12.3027	12.7346	178,359
MFS/Sun Life Bond Series S Class	04	2005	12.2689	12.3027	191,178
MFS/Sun Life Bond Series S Class	04	2004	11.7372	12.2689	198,619
MFS/Sun Life Bond Series S Class	04	2003	10.8670	11.7372	282,988
MFS/Sun Life Bond Series S Class	04	2002	10.0757	10.8670	268,843
MFS/Sun Life Bond Series S Class	04	2001	10.0000	10.0757	106,644
MFS/Sun Life Bond Series S Class	05	2007	12.6658	12.8974	176,593
MFS/Sun Life Bond Series S Class	05	2006	12.2486	12.6658	186,029
MFS/Sun Life Bond Series S Class	05	2005	12.2273	12.2486	214,282
MFS/Sun Life Bond Series S Class	05	2004	11.7093	12.2273	243,159
MFS/Sun Life Bond Series S Class	05	2003	10.8522	11.7093	274,796
MFS/Sun Life Bond Series S Class	05	2002	10.0721	10.8522	251,676
MFS/Sun Life Bond Series S Class	05	2001	10.0000	10.0721	87,054
MFS/Sun Life Bond Series S Class	06	2007	12.5632	12.7734	243,694
MFS/Sun Life Bond Series S Class	06	2006	12.1678	12.5632	302,540
MFS/Sun Life Bond Series S Class	06	2005	12.1651	12.1678	347,473
MFS/Sun Life Bond Series S Class	06	2004	11.6676	12.1651	405,366
MFS/Sun Life Bond Series S Class	06	2003	10.8300	11.6676	497,051
MFS/Sun Life Bond Series S Class	06	2002	10.0669	10.8300	476,403
MFS/Sun Life Bond Series S Class	06	2001	10.0000	10.0669	92,587
MFS/Sun Life Capital Appreciation Series	01	2007	5.8997	6.4909	84,784
MFS/Sun Life Capital Appreciation Series	01	2006	5.6022	5.8997	86,461
MFS/Sun Life Capital Appreciation Series	01	2005	5.6072	5.6022	119,902
MFS/Sun Life Capital Appreciation Series	01	2004	5.1017	5.6072	119,307
MFS/Sun Life Capital Appreciation Series	01	2003	4.0037	5.1017	96,564
MFS/Sun Life Capital Appreciation Series	01	2002	5.9813	4.0037	105,939
MFS/Sun Life Capital Appreciation Series	01	2001	8.0902	5.9813	136,566
MFS/Sun Life Capital Appreciation Series	01	2000	10.0000	8.0902	0
MFS/Sun Life Capital Appreciation Series	02	2007	5.8422	6.4178	1,066,700
MFS/Sun Life Capital Appreciation Series	02	2006	5.5560	5.8422	1,284,956
MFS/Sun Life Capital Appreciation Series	02	2005	5.5694	5.5560	1,478,315
MFS/Sun Life Capital Appreciation Series	02	2004	5.0750	5.5694	1,408,425
MFS/Sun Life Capital Appreciation Series	02	2003	3.9888	5.0750	1,508,504
MFS/Sun Life Capital Appreciation Series	02	2002	5.9682	3.9888	1,738,595
MFS/Sun Life Capital Appreciation Series	02	2001	8.0848	5.9682	1,733,021
MFS/Sun Life Capital Appreciation Series	02	2000	10.0000	8.0848	0
MFS/Sun Life Capital Appreciation Series	03	2007	5.8042	6.3696	119,020
MFS/Sun Life Capital Appreciation Series	03	2006	5.5255	5.8042	152,424
MFS/Sun Life Capital Appreciation Series	03	2005	5.5444	5.5255	148,050
MFS/Sun Life Capital Appreciation Series	03	2004	5.0573	5.5444	137,055
MFS/Sun Life Capital Appreciation Series	03	2003	3.9789	5.0573	135,385
MFS/Sun Life Capital Appreciation Series	03	2002	5.9595	3.9789	162,378
MFS/Sun Life Capital Appreciation Series	03	2001	8.0812	5.9595	157,726
MFS/Sun Life Capital Appreciation Series	03	2000	10.0000	8.0812	0
MFS/Sun Life Capital Appreciation Series	04	2007	5.7853	6.3456	1,076,274
MFS/Sun Life Capital Appreciation Series	04	2006	5.5102	5.7853	1,290,208
MFS/Sun Life Capital Appreciation Series	04	2005	5.5319	5.5102	1,476,205
MFS/Sun Life Capital Appreciation Series	04	2004	5.0485	5.5319	1,594,499
MFS/Sun Life Capital Appreciation Series	04	2003	3.9740	5.0485	1,767,146
MFS/Sun Life Capital Appreciation Series	04	2002	5.9551	3.9740	1,664,300
MFS/Sun Life Capital Appreciation Series	04	2001	8.0794	5.9551	2,062,595
MFS/Sun Life Capital Appreciation Series	04	2000	10.0000	8.0794	0
MFS/Sun Life Capital Appreciation Series	05	2007	5.7475	6.2978	2,327,218
MFS/Sun Life Capital Appreciation Series	05	2006	5.4798	5.7475	2,861,128
MFS/Sun Life Capital Appreciation Series	05	2005	5.5069	5.4798	3,239,869
MFS/Sun Life Capital Appreciation Series	05	2004	5.0309	5.5069	3,177,883
MFS/Sun Life Capital Appreciation Series	05	2003	3.9641	5.0309	3,475,330
MFS/Sun Life Capital Appreciation Series	05	2002	5.9463	3.9641	3,632,174
MFS/Sun Life Capital Appreciation Series	05	2001	8.0758	5.9463	3,780,048
MFS/Sun Life Capital Appreciation Series	05	2000	10.0000	8.0758	0
MFS/Sun Life Capital Appreciation Series	06	2007	5.6914	6.2268	1,080,968
MFS/Sun Life Capital Appreciation Series	06	2006	5.4346	5.6914	1,324,448
MFS/Sun Life Capital Appreciation Series	06	2005	5.4698	5.4346	1,445,351
MFS/Sun Life Capital Appreciation Series	06	2004	5.0045	5.4698	1,482,362
MFS/Sun Life Capital Appreciation Series	06	2003	3.9494	5.0045	1,554,819
MFS/Sun Life Capital Appreciation Series	06	2002	5.9333	3.9494	1,684,186
MFS/Sun Life Capital Appreciation Series	06	2001	8.0704	5.9333	1,606,016
MFS/Sun Life Capital Appreciation Series	06	2000	10.0000	8.0704	0
MFS/Sun Life Capital Appreciation Series S Class	01	2007	9.4703	10.3994	28,205
MFS/Sun Life Capital Appreciation Series S Class	01	2006	9.0196	9.4703	30,418
MFS/Sun Life Capital Appreciation Series S Class	01	2005	9.0530	9.0196	30,963
MFS/Sun Life Capital Appreciation Series S Class	01	2004	8.2546	9.0530	22,141
MFS/Sun Life Capital Appreciation Series S Class	01	2003	6.4963	8.2546	2,941
MFS/Sun Life Capital Appreciation Series S Class	01	2002	9.7300	6.4963	2,975
MFS/Sun Life Capital Appreciation Series S Class	01	2001	10.0000	9.7300	0
MFS/Sun Life Capital Appreciation Series S Class	02	2007	9.3937	10.2996	271,139
MFS/Sun Life Capital Appreciation Series S Class	02	2006	8.9603	9.3937	327,105
MFS/Sun Life Capital Appreciation Series S Class	02	2005	9.0071	8.9603	362,319
MFS/Sun Life Capital Appreciation Series S Class	02	2004	8.2252	9.0071	412,736
MFS/Sun Life Capital Appreciation Series S Class	02	2003	6.4830	8.2252	455,594
MFS/Sun Life Capital Appreciation Series S Class	02	2002	9.7249	6.4830	418,181
MFS/Sun Life Capital Appreciation Series S Class	02	2001	10.0000	9.7249	102,568
MFS/Sun Life Capital Appreciation Series S Class	03	2007	9.3431	10.2337	0
MFS/Sun Life Capital Appreciation Series S Class	03	2006	8.9210	9.3431	0
MFS/Sun Life Capital Appreciation Series S Class	03	2005	8.9767	8.9210	0
MFS/Sun Life Capital Appreciation Series S Class	03	2004	8.2058	8.9767	0
MFS/Sun Life Capital Appreciation Series S Class	03	2003	6.4742	8.2058	0
MFS/Sun Life Capital Appreciation Series S Class	03	2002	9.7215	6.4742	0
MFS/Sun Life Capital Appreciation Series S Class	03	2001	10.0000	9.7215	0
MFS/Sun Life Capital Appreciation Series S Class	04	2007	9.3178	10.2008	186,417
MFS/Sun Life Capital Appreciation Series S Class	04	2006	8.9013	9.3178	221,830
MFS/Sun Life Capital Appreciation Series S Class	04	2005	8.9614	8.9013	255,608
MFS/Sun Life Capital Appreciation Series S Class	04	2004	8.1960	8.9614	252,962
MFS/Sun Life Capital Appreciation Series S Class	04	2003	6.4697	8.1960	270,347
MFS/Sun Life Capital Appreciation Series S Class	04	2002	9.7197	6.4697	243,518
MFS/Sun Life Capital Appreciation Series S Class	04	2001	10.0000	9.7197	55,862
MFS/Sun Life Capital Appreciation Series S Class	05	2007	9.2674	10.1352	219,933
MFS/Sun Life Capital Appreciation Series S Class	05	2006	8.8621	9.2674	288,090
MFS/Sun Life Capital Appreciation Series S Class	05	2005	8.9310	8.8621	326,092
MFS/Sun Life Capital Appreciation Series S Class	05	2004	8.1765	8.9310	338,155
MFS/Sun Life Capital Appreciation Series S Class	05	2003	6.4609	8.1765	362,710
MFS/Sun Life Capital Appreciation Series S Class	05	2002	9.7163	6.4609	393,715
MFS/Sun Life Capital Appreciation Series S Class	05	2001	10.0000	9.7163	109,690
MFS/Sun Life Capital Appreciation Series S Class	06	2007	9.1923	10.0377	523,847
MFS/Sun Life Capital Appreciation Series S Class	06	2006	8.8037	9.1923	572,000
MFS/Sun Life Capital Appreciation Series S Class	06	2005	8.8856	8.8037	622,566
MFS/Sun Life Capital Appreciation Series S Class	06	2004	8.1473	8.8856	616,643
MFS/Sun Life Capital Appreciation Series S Class	06	2003	6.4476	8.1473	641,017
MFS/Sun Life Capital Appreciation Series S Class	06	2002	9.7112	6.4476	618,000
MFS/Sun Life Capital Appreciation Series S Class	06	2001	10.0000	9.7112	322,593
MFS/Sun Life Capital Opportunities Series	01	2007	6.8026	10.0000	0
MFS/Sun Life Capital Opportunities Series	01	2006	6.0105	6.8026	56,216
MFS/Sun Life Capital Opportunities Series	01	2005	5.9731	6.0105	56,216
MFS/Sun Life Capital Opportunities Series	01	2004	5.3490	5.9731	56,216
MFS/Sun Life Capital Opportunities Series	01	2003	4.2111	5.3490	82,495
MFS/Sun Life Capital Opportunities Series	01	2002	6.1110	4.2111	97,754
MFS/Sun Life Capital Opportunities Series	01	2001	8.2259	6.1110	98,645
MFS/Sun Life Capital Opportunities Series	01	2000	10.0000	8.2259	0
MFS/Sun Life Capital Opportunities Series	02	2007	6.7362	10.0000	0
MFS/Sun Life Capital Opportunities Series	02	2006	5.9608	6.7362	752,025
MFS/Sun Life Capital Opportunities Series	02	2005	5.9327	5.9608	886,323
MFS/Sun Life Capital Opportunities Series	02	2004	5.3210	5.9327	1,029,685
MFS/Sun Life Capital Opportunities Series	02	2003	4.1954	5.3210	1,185,398
MFS/Sun Life Capital Opportunities Series	02	2002	6.0975	4.1954	1,312,032
MFS/Sun Life Capital Opportunities Series	02	2001	8.2203	6.0975	1,620,402
MFS/Sun Life Capital Opportunities Series	02	2000	10.0000	8.2203	0
MFS/Sun Life Capital Opportunities Series	03	2007	6.6924	10.0000	0
MFS/Sun Life Capital Opportunities Series	03	2006	5.9280	6.6924	158,753
MFS/Sun Life Capital Opportunities Series	03	2005	5.9060	5.9280	160,676
MFS/Sun Life Capital Opportunities Series	03	2004	5.3025	5.9060	172,086
MFS/Sun Life Capital Opportunities Series	03	2003	4.1850	5.3025	252,474
MFS/Sun Life Capital Opportunities Series	03	2002	6.0885	4.1850	305,820
MFS/Sun Life Capital Opportunities Series	03	2001	8.2165	6.0885	360,175
MFS/Sun Life Capital Opportunities Series	03	2000	10.0000	8.2165	0
MFS/Sun Life Capital Opportunities Series	04	2007	6.6705	10.0000	0
MFS/Sun Life Capital Opportunities Series	04	2006	5.9116	6.6705	856,039
MFS/Sun Life Capital Opportunities Series	04	2005	5.8927	5.9116	1,015,613
MFS/Sun Life Capital Opportunities Series	04	2004	5.2931	5.8927	1,303,620
MFS/Sun Life Capital Opportunities Series	04	2003	4.1798	5.2931	1,602,224
MFS/Sun Life Capital Opportunities Series	04	2002	6.0840	4.1798	1,877,831
MFS/Sun Life Capital Opportunities Series	04	2001	8.2147	6.0840	2,619,543
MFS/Sun Life Capital Opportunities Series	04	2000	10.0000	8.2147	0
MFS/Sun Life Capital Opportunities Series	05	2007	6.6269	10.0000	0
MFS/Sun Life Capital Opportunities Series	05	2006	5.8790	6.6269	2,072,144
MFS/Sun Life Capital Opportunities Series	05	2005	5.8660	5.8790	2,482,190
MFS/Sun Life Capital Opportunities Series	05	2004	5.2746	5.8660	2,910,708
MFS/Sun Life Capital Opportunities Series	05	2003	4.1693	5.2746	3,336,441
MFS/Sun Life Capital Opportunities Series	05	2002	6.0750	4.1693	3,952,859
MFS/Sun Life Capital Opportunities Series	05	2001	8.2109	6.0750	5,054,427
MFS/Sun Life Capital Opportunities Series	05	2000	10.0000	8.2109	0
MFS/Sun Life Capital Opportunities Series	06	2007	6.5621	10.0000	0
MFS/Sun Life Capital Opportunities Series	06	2006	5.8303	6.5621	626,398
MFS/Sun Life Capital Opportunities Series	06	2005	5.8263	5.8303	734,825
MFS/Sun Life Capital Opportunities Series	06	2004	5.2469	5.8263	915,371
MFS/Sun Life Capital Opportunities Series	06	2003	4.1537	5.2469	1,096,121
MFS/Sun Life Capital Opportunities Series	06	2002	6.0615	4.1537	1,256,912
MFS/Sun Life Capital Opportunities Series	06	2001	8.2053	6.0615	1,667,287
MFS/Sun Life Capital Opportunities Series	06	2000	10.0000	8.2053	0
MFS/Sun Life Capital Opportunities Series S Class	01	2007	10.4681	10.0000	0
MFS/Sun Life Capital Opportunities Series S Class	01	2006	9.2737	10.4681	0
MFS/Sun Life Capital Opportunities Series S Class	01	2005	9.2459	9.2737	0
MFS/Sun Life Capital Opportunities Series S Class	01	2004	8.3001	9.2459	0
MFS/Sun Life Capital Opportunities Series S Class	01	2003	6.5498	8.3001	0
MFS/Sun Life Capital Opportunities Series S Class	01	2002	9.5251	6.5498	0
MFS/Sun Life Capital Opportunities Series S Class	01	2001	10.0000	9.5251	0
MFS/Sun Life Capital Opportunities Series S Class	02	2007	10.3835	10.0000	0
MFS/Sun Life Capital Opportunities Series S Class	02	2006	9.2127	10.3835	107,593
MFS/Sun Life Capital Opportunities Series S Class	02	2005	9.1990	9.2127	123,593
MFS/Sun Life Capital Opportunities Series S Class	02	2004	8.2706	9.1990	170,822
MFS/Sun Life Capital Opportunities Series S Class	02	2003	6.5363	8.2706	221,647
MFS/Sun Life Capital Opportunities Series S Class	02	2002	9.5201	6.5363	224,433
MFS/Sun Life Capital Opportunities Series S Class	02	2001	10.0000	9.5201	79,372
MFS/Sun Life Capital Opportunities Series S Class	03	2007	10.3275	10.0000	0
MFS/Sun Life Capital Opportunities Series S Class	03	2006	9.1723	10.3275	0
MFS/Sun Life Capital Opportunities Series S Class	03	2005	9.1679	9.1723	0
MFS/Sun Life Capital Opportunities Series S Class	03	2004	8.2510	9.1679	0
MFS/Sun Life Capital Opportunities Series S Class	03	2003	6.5274	8.2510	0
MFS/Sun Life Capital Opportunities Series S Class	03	2002	9.5167	6.5274	0
MFS/Sun Life Capital Opportunities Series S Class	03	2001	10.0000	9.5167	0
MFS/Sun Life Capital Opportunities Series S Class	04	2007	10.2995	10.0000	0
MFS/Sun Life Capital Opportunities Series S Class	04	2006	9.1521	10.2995	110,886
MFS/Sun Life Capital Opportunities Series S Class	04	2005	9.1523	9.1521	131,249
MFS/Sun Life Capital Opportunities Series S Class	04	2004	8.2411	9.1523	161,727
MFS/Sun Life Capital Opportunities Series S Class	04	2003	6.5230	8.2411	173,237
MFS/Sun Life Capital Opportunities Series S Class	04	2002	9.5151	6.5230	181,435
MFS/Sun Life Capital Opportunities Series S Class	04	2001	10.0000	9.5151	71,945
MFS/Sun Life Capital Opportunities Series S Class	05	2007	10.2439	10.0000	0
MFS/Sun Life Capital Opportunities Series S Class	05	2006	9.1118	10.2439	98,024
MFS/Sun Life Capital Opportunities Series S Class	05	2005	9.1213	9.1118	113,942
MFS/Sun Life Capital Opportunities Series S Class	05	2004	8.2216	9.1213	131,442
MFS/Sun Life Capital Opportunities Series S Class	05	2003	6.5141	8.2216	149,913
MFS/Sun Life Capital Opportunities Series S Class	05	2002	9.5117	6.5141	164,551
MFS/Sun Life Capital Opportunities Series S Class	05	2001	10.0000	9.5117	53,288
MFS/Sun Life Capital Opportunities Series S Class	06	2007	10.1608	10.0000	0
MFS/Sun Life Capital Opportunities Series S Class	06	2006	9.0517	10.1608	280,150
MFS/Sun Life Capital Opportunities Series S Class	06	2005	9.0748	9.0517	295,389
MFS/Sun Life Capital Opportunities Series S Class	06	2004	8.1922	9.0748	319,015
MFS/Sun Life Capital Opportunities Series S Class	06	2003	6.5007	8.1922	338,079
MFS/Sun Life Capital Opportunities Series S Class	06	2002	9.5067	6.5007	343,746
MFS/Sun Life Capital Opportunities Series S Class	06	2001	10.0000	9.5067	143,894
MFS/Sun Life Core Equity Series	01	2007	11.7913	12.6900	55,439
MFS/Sun Life Core Equity Series	01	2006	10.4716	11.7913	22,493
MFS/Sun Life Core Equity Series	01	2005	9.9263	10.4716	22,493
MFS/Sun Life Core Equity Series	01	2004	8.7470	9.9263	22,493
MFS/Sun Life Core Equity Series	01	2003	6.9099	8.7470	0
MFS/Sun Life Core Equity Series	01	2002	8.8805	6.9099	0
MFS/Sun Life Core Equity Series	01	2001	10.0679	8.8805	0
MFS/Sun Life Core Equity Series	01	2000	10.0000	10.0679	0
MFS/Sun Life Core Equity Series	02	2007	11.6770	12.5479	494,248
MFS/Sun Life Core Equity Series	02	2006	10.3858	11.6770	177,664
MFS/Sun Life Core Equity Series	02	2005	9.8599	10.3858	180,355
MFS/Sun Life Core Equity Series	02	2004	8.7018	9.8599	170,032
MFS/Sun Life Core Equity Series	02	2003	6.8846	8.7018	170,427
MFS/Sun Life Core Equity Series	02	2002	8.8614	6.8846	191,207
MFS/Sun Life Core Equity Series	02	2001	10.0616	8.8614	195,186
MFS/Sun Life Core Equity Series	02	2000	10.0000	10.0616	0
MFS/Sun Life Core Equity Series	03	2007	11.6015	12.4541	84,526
MFS/Sun Life Core Equity Series	03	2006	10.3291	11.6015	10,648
MFS/Sun Life Core Equity Series	03	2005	9.8159	10.3291	11,099
MFS/Sun Life Core Equity Series	03	2004	8.6717	9.8159	11,570
MFS/Sun Life Core Equity Series	03	2003	6.8677	8.6717	12,020
MFS/Sun Life Core Equity Series	03	2002	8.8487	6.8677	12,495
MFS/Sun Life Core Equity Series	03	2001	10.0574	8.8487	11,465
MFS/Sun Life Core Equity Series	03	2000	10.0000	10.0574	0
MFS/Sun Life Core Equity Series	04	2007	11.5638	12.4073	626,812
MFS/Sun Life Core Equity Series	04	2006	10.3007	11.5638	291,308
MFS/Sun Life Core Equity Series	04	2005	9.7939	10.3007	266,537
MFS/Sun Life Core Equity Series	04	2004	8.6567	9.7939	270,622
MFS/Sun Life Core Equity Series	04	2003	6.8593	8.6567	233,006
MFS/Sun Life Core Equity Series	04	2002	8.8423	6.8593	241,574
MFS/Sun Life Core Equity Series	04	2001	10.0553	8.8423	313,472
MFS/Sun Life Core Equity Series	04	2000	10.0000	10.0553	0
MFS/Sun Life Core Equity Series	05	2007	11.4888	12.3142	1,342,692
MFS/Sun Life Core Equity Series	05	2006	10.2442	11.4888	464,939
MFS/Sun Life Core Equity Series	05	2005	9.7501	10.2442	506,816
MFS/Sun Life Core Equity Series	05	2004	8.6267	9.7501	536,791
MFS/Sun Life Core Equity Series	05	2003	6.8425	8.6267	465,972
MFS/Sun Life Core Equity Series	05	2002	8.8296	6.8425	432,027
MFS/Sun Life Core Equity Series	05	2001	10.0511	8.8296	459,458
MFS/Sun Life Core Equity Series	05	2000	10.0000	10.0511	0
MFS/Sun Life Core Equity Series	06	2007	11.3772	12.1759	514,888
MFS/Sun Life Core Equity Series	06	2006	10.1601	11.3772	228,415
MFS/Sun Life Core Equity Series	06	2005	9.6847	10.1601	232,419
MFS/Sun Life Core Equity Series	06	2004	8.5820	9.6847	259,957
MFS/Sun Life Core Equity Series	06	2003	6.8174	8.5820	237,294
MFS/Sun Life Core Equity Series	06	2002	8.8106	6.8174	182,197
MFS/Sun Life Core Equity Series	06	2001	10.0448	8.8106	185,276
MFS/Sun Life Core Equity Series	06	2000	10.0000	10.0448	0
MFS/Sun Life Core Equity Series S Class	01	2007	13.0237	13.9764	33,616
MFS/Sun Life Core Equity Series S Class	01	2006	11.5966	13.0237	36,491
MFS/Sun Life Core Equity Series S Class	01	2005	11.0099	11.5966	0
MFS/Sun Life Core Equity Series S Class	01	2004	9.7310	11.0099	0
MFS/Sun Life Core Equity Series S Class	01	2003	7.7095	9.7310	0
MFS/Sun Life Core Equity Series S Class	01	2002	9.9352	7.7095	0
MFS/Sun Life Core Equity Series S Class	01	2001	10.0000	9.9352	0
MFS/Sun Life Core Equity Series S Class	02	2007	12.9185	13.8423	199,072
MFS/Sun Life Core Equity Series S Class	02	2006	11.5203	12.9185	115,795
MFS/Sun Life Core Equity Series S Class	02	2005	10.9541	11.5203	89,896
MFS/Sun Life Core Equity Series S Class	02	2004	9.6964	10.9541	97,130
MFS/Sun Life Core Equity Series S Class	02	2003	7.6937	9.6964	114,439
MFS/Sun Life Core Equity Series S Class	02	2002	9.9299	7.6937	116,189
MFS/Sun Life Core Equity Series S Class	02	2001	10.0000	9.9299	27,659
MFS/Sun Life Core Equity Series S Class	03	2007	12.8489	13.7538	0
MFS/Sun Life Core Equity Series S Class	03	2006	11.4698	12.8489	0
MFS/Sun Life Core Equity Series S Class	03	2005	10.9171	11.4698	0
MFS/Sun Life Core Equity Series S Class	03	2004	9.6734	10.9171	0
MFS/Sun Life Core Equity Series S Class	03	2003	7.6832	9.6734	0
MFS/Sun Life Core Equity Series S Class	03	2002	9.9265	7.6832	0
MFS/Sun Life Core Equity Series S Class	03	2001	10.0000	9.9265	0
MFS/Sun Life Core Equity Series S Class	04	2007	12.8141	13.7096	166,806
MFS/Sun Life Core Equity Series S Class	04	2006	11.4445	12.8141	89,269
MFS/Sun Life Core Equity Series S Class	04	2005	10.8985	11.4445	73,241
MFS/Sun Life Core Equity Series S Class	04	2004	9.6619	10.8985	68,787
MFS/Sun Life Core Equity Series S Class	04	2003	7.6780	9.6619	72,428
MFS/Sun Life Core Equity Series S Class	04	2002	9.9247	7.6780	61,731
MFS/Sun Life Core Equity Series S Class	04	2001	10.0000	9.9247	18,805
MFS/Sun Life Core Equity Series S Class	05	2007	12.7448	13.6215	156,896
MFS/Sun Life Core Equity Series S Class	05	2006	11.3942	12.7448	95,211
MFS/Sun Life Core Equity Series S Class	05	2005	10.8616	11.3942	87,386
MFS/Sun Life Core Equity Series S Class	05	2004	9.6389	10.8616	88,498
MFS/Sun Life Core Equity Series S Class	05	2003	7.6675	9.6389	77,577
MFS/Sun Life Core Equity Series S Class	05	2002	9.9212	7.6675	78,769
MFS/Sun Life Core Equity Series S Class	05	2001	10.0000	9.9212	10,756
MFS/Sun Life Core Equity Series S Class	06	2007	12.6416	13.4905	293,934
MFS/Sun Life Core Equity Series S Class	06	2006	11.3190	12.6416	80,249
MFS/Sun Life Core Equity Series S Class	06	2005	10.8063	11.3190	66,748
MFS/Sun Life Core Equity Series S Class	06	2004	9.6045	10.8063	79,141
MFS/Sun Life Core Equity Series S Class	06	2003	7.6518	9.6045	84,062
MFS/Sun Life Core Equity Series S Class	06	2002	9.9160	7.6518	86,195
MFS/Sun Life Core Equity Series S Class	06	2001	10.0000	9.9160	14,297
MFS/Sun Life Emerging Growth Series	01	2007	5.5313	6.6392	55,601
MFS/Sun Life Emerging Growth Series	01	2006	5.1722	5.5313	61,106
MFS/Sun Life Emerging Growth Series	01	2005	4.7869	5.1722	62,522
MFS/Sun Life Emerging Growth Series	01	2004	4.2699	4.7869	65,152
MFS/Sun Life Emerging Growth Series	01	2003	3.2800	4.2699	46,887
MFS/Sun Life Emerging Growth Series	01	2002	5.0333	3.2800	57,582
MFS/Sun Life Emerging Growth Series	01	2001	7.7721	5.0333	37,403
MFS/Sun Life Emerging Growth Series	01	2000	10.0000	7.7721	0
MFS/Sun Life Emerging Growth Series	02	2007	5.4773	6.5643	770,061
MFS/Sun Life Emerging Growth Series	02	2006	5.1295	5.4773	1,037,922
MFS/Sun Life Emerging Growth Series	02	2005	4.7545	5.1295	1,177,585
MFS/Sun Life Emerging Growth Series	02	2004	4.2475	4.7545	1,408,079
MFS/Sun Life Emerging Growth Series	02	2003	3.2677	4.2475	1,522,639
MFS/Sun Life Emerging Growth Series	02	2002	5.0221	3.2677	1,691,152
MFS/Sun Life Emerging Growth Series	02	2001	7.7667	5.0221	1,966,298
MFS/Sun Life Emerging Growth Series	02	2000	10.0000	7.7667	0
MFS/Sun Life Emerging Growth Series	03	2007	5.4417	6.5150	224,371
MFS/Sun Life Emerging Growth Series	03	2006	5.1012	5.4417	609,399
MFS/Sun Life Emerging Growth Series	03	2005	4.7331	5.1012	583,125
MFS/Sun Life Emerging Growth Series	03	2004	4.2327	4.7331	648,075
MFS/Sun Life Emerging Growth Series	03	2003	3.2596	4.2327	565,404
MFS/Sun Life Emerging Growth Series	03	2002	5.0147	3.2596	625,165
MFS/Sun Life Emerging Growth Series	03	2001	7.7632	5.0147	648,447
MFS/Sun Life Emerging Growth Series	03	2000	10.0000	7.7632	0
MFS/Sun Life Emerging Growth Series	04	2007	5.4239	6.4904	770,773
MFS/Sun Life Emerging Growth Series	04	2006	5.0871	5.4239	991,968
MFS/Sun Life Emerging Growth Series	04	2005	4.7224	5.0871	1,163,561
MFS/Sun Life Emerging Growth Series	04	2004	4.2253	4.7224	1,425,459
MFS/Sun Life Emerging Growth Series	04	2003	3.2555	4.2253	1,574,637
MFS/Sun Life Emerging Growth Series	04	2002	5.0110	3.2555	1,742,717
MFS/Sun Life Emerging Growth Series	04	2001	7.7614	5.0110	2,326,131
MFS/Sun Life Emerging Growth Series	04	2000	10.0000	7.7614	0
MFS/Sun Life Emerging Growth Series	05	2007	5.3885	6.4414	2,050,976
MFS/Sun Life Emerging Growth Series	05	2006	5.0590	5.3885	2,731,301
MFS/Sun Life Emerging Growth Series	05	2005	4.7011	5.0590	3,232,954
MFS/Sun Life Emerging Growth Series	05	2004	4.2104	4.7011	3,794,093
MFS/Sun Life Emerging Growth Series	05	2003	3.2474	4.2104	4,112,743
MFS/Sun Life Emerging Growth Series	05	2002	5.0036	3.2474	4,492,841
MFS/Sun Life Emerging Growth Series	05	2001	7.7579	5.0036	5,444,437
MFS/Sun Life Emerging Growth Series	05	2000	10.0000	7.7579	0
MFS/Sun Life Emerging Growth Series	06	2007	5.3358	6.3687	839,245
MFS/Sun Life Emerging Growth Series	06	2006	5.0171	5.3358	1,037,974
MFS/Sun Life Emerging Growth Series	06	2005	4.6692	5.0171	1,175,424
MFS/Sun Life Emerging Growth Series	06	2004	4.1883	4.6692	1,359,568
MFS/Sun Life Emerging Growth Series	06	2003	3.2353	4.1883	1,495,726
MFS/Sun Life Emerging Growth Series	06	2002	4.9925	3.2353	1,594,086
MFS/Sun Life Emerging Growth Series	06	2001	7.7526	4.9925	1,877,766
MFS/Sun Life Emerging Growth Series	06	2000	10.0000	7.7526	0
MFS/Sun Life Emerging Growth Series S Class	01	2007	10.5457	12.6321	11,717
MFS/Sun Life Emerging Growth Series S Class	01	2006	9.8906	10.5457	12,885
MFS/Sun Life Emerging Growth Series S Class	01	2005	9.1739	9.8906	13,181
MFS/Sun Life Emerging Growth Series S Class	01	2004	8.2033	9.1739	12,791
MFS/Sun Life Emerging Growth Series S Class	01	2003	6.3186	8.2033	0
MFS/Sun Life Emerging Growth Series S Class	01	2002	9.7225	6.3186	0
MFS/Sun Life Emerging Growth Series S Class	01	2001	10.0000	9.7225	0
MFS/Sun Life Emerging Growth Series S Class	02	2007	10.4604	12.5109	109,710
MFS/Sun Life Emerging Growth Series S Class	02	2006	9.8256	10.4604	144,263
MFS/Sun Life Emerging Growth Series S Class	02	2005	9.1274	9.8256	163,675
MFS/Sun Life Emerging Growth Series S Class	02	2004	8.1741	9.1274	191,361
MFS/Sun Life Emerging Growth Series S Class	02	2003	6.3057	8.1741	188,328
MFS/Sun Life Emerging Growth Series S Class	02	2002	9.7174	6.3057	174,753
MFS/Sun Life Emerging Growth Series S Class	02	2001	10.0000	9.7174	43,745
MFS/Sun Life Emerging Growth Series S Class	03	2007	10.4041	12.4308	0
MFS/Sun Life Emerging Growth Series S Class	03	2006	9.7825	10.4041	0
MFS/Sun Life Emerging Growth Series S Class	03	2005	9.0965	9.7825	0
MFS/Sun Life Emerging Growth Series S Class	03	2004	8.1548	9.0965	0
MFS/Sun Life Emerging Growth Series S Class	03	2003	6.2971	8.1548	0
MFS/Sun Life Emerging Growth Series S Class	03	2002	9.7140	6.2971	0
MFS/Sun Life Emerging Growth Series S Class	03	2001	10.0000	9.7140	0
MFS/Sun Life Emerging Growth Series S Class	04	2007	10.3759	12.3908	90,314
MFS/Sun Life Emerging Growth Series S Class	04	2006	9.7609	10.3759	115,395
MFS/Sun Life Emerging Growth Series S Class	04	2005	9.0811	9.7609	134,910
MFS/Sun Life Emerging Growth Series S Class	04	2004	8.1450	9.0811	149,742
MFS/Sun Life Emerging Growth Series S Class	04	2003	6.2928	8.1450	153,524
MFS/Sun Life Emerging Growth Series S Class	04	2002	9.7123	6.2928	134,393
MFS/Sun Life Emerging Growth Series S Class	04	2001	10.0000	9.7123	46,297
MFS/Sun Life Emerging Growth Series S Class	05	2007	10.3197	12.3113	124,060
MFS/Sun Life Emerging Growth Series S Class	05	2006	9.7180	10.3197	140,402
MFS/Sun Life Emerging Growth Series S Class	05	2005	9.0503	9.7180	143,642
MFS/Sun Life Emerging Growth Series S Class	05	2004	8.1257	9.0503	152,392
MFS/Sun Life Emerging Growth Series S Class	05	2003	6.2842	8.1257	157,538
MFS/Sun Life Emerging Growth Series S Class	05	2002	9.7089	6.2842	187,280
MFS/Sun Life Emerging Growth Series S Class	05	2001	10.0000	9.7089	80,752
MFS/Sun Life Emerging Growth Series S Class	06	2007	10.2362	12.1929	166,235
MFS/Sun Life Emerging Growth Series S Class	06	2006	9.6539	10.2362	188,262
MFS/Sun Life Emerging Growth Series S Class	06	2005	9.0042	9.6539	199,082
MFS/Sun Life Emerging Growth Series S Class	06	2004	8.0967	9.0042	213,993
MFS/Sun Life Emerging Growth Series S Class	06	2003	6.2713	8.0967	218,596
MFS/Sun Life Emerging Growth Series S Class	06	2002	9.7038	6.2713	234,953
MFS/Sun Life Emerging Growth Series S Class	06	2001	10.0000	9.7038	86,682
MFS/Sun Life Emerging Markets Equity Series	01	2007	25.7744	34.6136	17,988
MFS/Sun Life Emerging Markets Equity Series	01	2006	20.0009	25.7744	17,991
MFS/Sun Life Emerging Markets Equity Series	01	2005	14.7717	20.0009	12,260
MFS/Sun Life Emerging Markets Equity Series	01	2004	11.7323	14.7717	12,265
MFS/Sun Life Emerging Markets Equity Series	01	2003	7.7657	11.7323	12,268
MFS/Sun Life Emerging Markets Equity Series	01	2002	7.9991	7.7657	12,238
MFS/Sun Life Emerging Markets Equity Series	01	2001	8.1649	7.9991	30,597
MFS/Sun Life Emerging Markets Equity Series	01	2000	10.0000	8.1649	0
MFS/Sun Life Emerging Markets Equity Series	02	2007	25.5235	34.2245	69,900
MFS/Sun Life Emerging Markets Equity Series	02	2006	19.8362	25.5235	90,011
MFS/Sun Life Emerging Markets Equity Series	02	2005	14.6722	19.8362	113,424
MFS/Sun Life Emerging Markets Equity Series	02	2004	11.6711	14.6722	86,627
MFS/Sun Life Emerging Markets Equity Series	02	2003	7.7369	11.6711	88,849
MFS/Sun Life Emerging Markets Equity Series	02	2002	7.9815	7.7369	97,609
MFS/Sun Life Emerging Markets Equity Series	02	2001	8.1594	7.9815	90,757
MFS/Sun Life Emerging Markets Equity Series	02	2000	10.0000	8.1594	0
MFS/Sun Life Emerging Markets Equity Series	03	2007	25.3579	33.9678	30,187
MFS/Sun Life Emerging Markets Equity Series	03	2006	19.7273	25.3579	39,375
MFS/Sun Life Emerging Markets Equity Series	03	2005	14.6064	19.7273	22,395
MFS/Sun Life Emerging Markets Equity Series	03	2004	11.6305	14.6064	27,452
MFS/Sun Life Emerging Markets Equity Series	03	2003	7.7178	11.6305	15,572
MFS/Sun Life Emerging Markets Equity Series	03	2002	7.9699	7.7178	16,684
MFS/Sun Life Emerging Markets Equity Series	03	2001	8.1558	7.9699	25,552
MFS/Sun Life Emerging Markets Equity Series	03	2000	10.0000	8.1558	0
MFS/Sun Life Emerging Markets Equity Series	04	2007	25.2752	33.8398	89,566
MFS/Sun Life Emerging Markets Equity Series	04	2006	19.6730	25.2752	116,434
MFS/Sun Life Emerging Markets Equity Series	04	2005	14.5735	19.6730	114,517
MFS/Sun Life Emerging Markets Equity Series	04	2004	11.6102	14.5735	104,732
MFS/Sun Life Emerging Markets Equity Series	04	2003	7.7082	11.6102	100,907
MFS/Sun Life Emerging Markets Equity Series	04	2002	7.9640	7.7082	95,418
MFS/Sun Life Emerging Markets Equity Series	04	2001	8.1540	7.9640	108,814
MFS/Sun Life Emerging Markets Equity Series	04	2000	10.0000	8.1540	0
MFS/Sun Life Emerging Markets Equity Series	05	2007	25.1106	33.5851	203,117
MFS/Sun Life Emerging Markets Equity Series	05	2006	19.5646	25.1106	262,274
MFS/Sun Life Emerging Markets Equity Series	05	2005	14.5079	19.5646	294,619
MFS/Sun Life Emerging Markets Equity Series	05	2004	11.5697	14.5079	253,798
MFS/Sun Life Emerging Markets Equity Series	05	2003	7.6891	11.5697	238,617
MFS/Sun Life Emerging Markets Equity Series	05	2002	7.9523	7.6891	236,222
MFS/Sun Life Emerging Markets Equity Series	05	2001	8.1504	7.9523	250,796
MFS/Sun Life Emerging Markets Equity Series	05	2000	10.0000	8.1504	0
MFS/Sun Life Emerging Markets Equity Series	06	2007	24.8656	33.2067	70,623
MFS/Sun Life Emerging Markets Equity Series	06	2006	19.4032	24.8656	103,526
MFS/Sun Life Emerging Markets Equity Series	06	2005	14.4100	19.4032	116,894
MFS/Sun Life Emerging Markets Equity Series	06	2004	11.5092	14.4100	98,624
MFS/Sun Life Emerging Markets Equity Series	06	2003	7.6605	11.5092	92,723
MFS/Sun Life Emerging Markets Equity Series	06	2002	7.9348	7.6605	92,558
MFS/Sun Life Emerging Markets Equity Series	06	2001	8.1449	7.9348	110,619
MFS/Sun Life Emerging Markets Equity Series	06	2000	10.0000	8.1449	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2007	32.9045	44.0655	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2006	25.5864	32.9045	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2005	18.9409	25.5864	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2004	15.0787	18.9409	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2003	10.0120	15.0787	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2002	10.3320	10.0120	0
MFS/Sun Life Emerging Markets Equity Series S Class	01	2001	10.0000	10.3320	0
MFS/Sun Life Emerging Markets Equity Series S Class	02	2007	32.6388	43.6430	32,568
MFS/Sun Life Emerging Markets Equity Series S Class	02	2006	25.4182	32.6388	37,054
MFS/Sun Life Emerging Markets Equity Series S Class	02	2005	18.8449	25.4182	35,199
MFS/Sun Life Emerging Markets Equity Series S Class	02	2004	15.0251	18.8449	24,632
MFS/Sun Life Emerging Markets Equity Series S Class	02	2003	9.9915	15.0251	40,714
MFS/Sun Life Emerging Markets Equity Series S Class	02	2002	10.3266	9.9915	14,531
MFS/Sun Life Emerging Markets Equity Series S Class	02	2001	10.0000	10.3266	2,008
MFS/Sun Life Emerging Markets Equity Series S Class	03	2007	32.4631	43.3640	0
MFS/Sun Life Emerging Markets Equity Series S Class	03	2006	25.3068	32.4631	0
MFS/Sun Life Emerging Markets Equity Series S Class	03	2005	18.7812	25.3068	0
MFS/Sun Life Emerging Markets Equity Series S Class	03	2004	14.9896	18.7812	0
MFS/Sun Life Emerging Markets Equity Series S Class	03	2003	9.9779	14.9896	0
MFS/Sun Life Emerging Markets Equity Series S Class	03	2002	10.3230	9.9779	0
MFS/Sun Life Emerging Markets Equity Series S Class	03	2001	10.0000	10.3230	0
MFS/Sun Life Emerging Markets Equity Series S Class	04	2007	32.3753	43.2246	20,678
MFS/Sun Life Emerging Markets Equity Series S Class	04	2006	25.2511	32.3753	27,638
MFS/Sun Life Emerging Markets Equity Series S Class	04	2005	18.7494	25.2511	24,382
MFS/Sun Life Emerging Markets Equity Series S Class	04	2004	14.9717	18.7494	18,594
MFS/Sun Life Emerging Markets Equity Series S Class	04	2003	9.9711	14.9717	12,843
MFS/Sun Life Emerging Markets Equity Series S Class	04	2002	10.3212	9.9711	8,036
MFS/Sun Life Emerging Markets Equity Series S Class	04	2001	10.0000	10.3212	2,101
MFS/Sun Life Emerging Markets Equity Series S Class	05	2007	32.2003	42.9473	24,062
MFS/Sun Life Emerging Markets Equity Series S Class	05	2006	25.1401	32.2003	24,365
MFS/Sun Life Emerging Markets Equity Series S Class	05	2005	18.6858	25.1401	21,350
MFS/Sun Life Emerging Markets Equity Series S Class	05	2004	14.9362	18.6858	16,194
MFS/Sun Life Emerging Markets Equity Series S Class	05	2003	9.9575	14.9362	14,159
MFS/Sun Life Emerging Markets Equity Series S Class	05	2002	10.3175	9.9575	8,678
MFS/Sun Life Emerging Markets Equity Series S Class	05	2001	10.0000	10.3175	1,143
MFS/Sun Life Emerging Markets Equity Series S Class	06	2007	31.9396	42.5344	36,028
MFS/Sun Life Emerging Markets Equity Series S Class	06	2006	24.9744	31.9396	39,124
MFS/Sun Life Emerging Markets Equity Series S Class	06	2005	18.5908	24.9744	41,393
MFS/Sun Life Emerging Markets Equity Series S Class	06	2004	14.8829	18.5908	39,325
MFS/Sun Life Emerging Markets Equity Series S Class	06	2003	9.9371	14.8829	50,256
MFS/Sun Life Emerging Markets Equity Series S Class	06	2002	10.3121	9.9371	33,666
MFS/Sun Life Emerging Markets Equity Series S Class	06	2001	10.0000	10.3121	8,851
MFS/Sun Life Global Governments Series	01	2007	14.1575	15.2347	32
MFS/Sun Life Global Governments Series	01	2006	13.6236	14.1575	31
MFS/Sun Life Global Governments Series	01	2005	14.8293	13.6236	53,573
MFS/Sun Life Global Governments Series	01	2004	13.6104	14.8293	53,570
MFS/Sun Life Global Governments Series	01	2003	11.8928	13.6104	24
MFS/Sun Life Global Governments Series	01	2002	9.9593	11.8928	0
MFS/Sun Life Global Governments Series	01	2001	10.2804	9.9593	0
MFS/Sun Life Global Governments Series	01	2000	10.0000	10.2804	0
MFS/Sun Life Global Governments Series	02	2007	14.0197	15.0634	36,952
MFS/Sun Life Global Governments Series	02	2006	13.5114	14.0197	46,960
MFS/Sun Life Global Governments Series	02	2005	14.7295	13.5114	73,919
MFS/Sun Life Global Governments Series	02	2004	13.5394	14.7295	72,666
MFS/Sun Life Global Governments Series	02	2003	11.8488	13.5394	74,678
MFS/Sun Life Global Governments Series	02	2002	9.9374	11.8488	76,123
MFS/Sun Life Global Governments Series	02	2001	10.2735	9.9374	45,747
MFS/Sun Life Global Governments Series	02	2000	10.0000	10.2735	0
MFS/Sun Life Global Governments Series	03	2007	13.9288	14.9505	69,727
MFS/Sun Life Global Governments Series	03	2006	13.4373	13.9288	15,264
MFS/Sun Life Global Governments Series	03	2005	14.6634	13.4373	13,322
MFS/Sun Life Global Governments Series	03	2004	13.4923	14.6634	19,674
MFS/Sun Life Global Governments Series	03	2003	11.8196	13.4923	19,690
MFS/Sun Life Global Governments Series	03	2002	9.9229	11.8196	31,291
MFS/Sun Life Global Governments Series	03	2001	10.2690	9.9229	51,449
MFS/Sun Life Global Governments Series	03	2000	10.0000	10.2690	0
MFS/Sun Life Global Governments Series	04	2007	13.8833	14.8941	41,130
MFS/Sun Life Global Governments Series	04	2006	13.4003	13.8833	48,328
MFS/Sun Life Global Governments Series	04	2005	14.6304	13.4003	46,556
MFS/Sun Life Global Governments Series	04	2004	13.4688	14.6304	72,104
MFS/Sun Life Global Governments Series	04	2003	11.8049	13.4688	64,758
MFS/Sun Life Global Governments Series	04	2002	9.9157	11.8049	78,782
MFS/Sun Life Global Governments Series	04	2001	10.2667	9.9157	37,376
MFS/Sun Life Global Governments Series	04	2000	10.0000	10.2667	0
MFS/Sun Life Global Governments Series	05	2007	13.7929	14.7820	129,405
MFS/Sun Life Global Governments Series	05	2006	13.3265	13.7929	142,573
MFS/Sun Life Global Governments Series	05	2005	14.5646	13.3265	150,353
MFS/Sun Life Global Governments Series	05	2004	13.4218	14.5646	139,509
MFS/Sun Life Global Governments Series	05	2003	11.7757	13.4218	153,706
MFS/Sun Life Global Governments Series	05	2002	9.9012	11.7757	160,782
MFS/Sun Life Global Governments Series	05	2001	10.2621	9.9012	129,687
MFS/Sun Life Global Governments Series	05	2000	10.0000	10.2621	0
MFS/Sun Life Global Governments Series	06	2007	13.6583	14.6154	60,320
MFS/Sun Life Global Governments Series	06	2006	13.2165	13.6583	73,766
MFS/Sun Life Global Governments Series	06	2005	14.4664	13.2165	69,777
MFS/Sun Life Global Governments Series	06	2004	13.3517	14.4664	70,191
MFS/Sun Life Global Governments Series	06	2003	11.7320	13.3517	66,537
MFS/Sun Life Global Governments Series	06	2002	9.8794	11.7320	71,946
MFS/Sun Life Global Governments Series	06	2001	10.2553	9.8794	63,952
MFS/Sun Life Global Governments Series	06	2000	10.0000	10.2553	0
MFS/Sun Life Global Governments Series S Class	01	2007	13.6420	14.6501	0
MFS/Sun Life Global Governments Series S Class	01	2006	13.1603	13.6420	0
MFS/Sun Life Global Governments Series S Class	01	2005	14.3699	13.1603	0
MFS/Sun Life Global Governments Series S Class	01	2004	13.2199	14.3699	0
MFS/Sun Life Global Governments Series S Class	01	2003	11.5813	13.2199	0
MFS/Sun Life Global Governments Series S Class	01	2002	9.7251	11.5813	0
MFS/Sun Life Global Governments Series S Class	01	2001	10.0000	9.7251	0
MFS/Sun Life Global Governments Series S Class	02	2007	13.5319	14.5096	26,670
MFS/Sun Life Global Governments Series S Class	02	2006	13.0738	13.5319	27,745
MFS/Sun Life Global Governments Series S Class	02	2005	14.2970	13.0738	36,882
MFS/Sun Life Global Governments Series S Class	02	2004	13.1730	14.2970	41,663
MFS/Sun Life Global Governments Series S Class	02	2003	11.5577	13.1730	39,284
MFS/Sun Life Global Governments Series S Class	02	2002	9.7200	11.5577	43,653
MFS/Sun Life Global Governments Series S Class	02	2001	10.0000	9.7200	2,391
MFS/Sun Life Global Governments Series S Class	03	2007	13.4589	14.4168	0
MFS/Sun Life Global Governments Series S Class	03	2006	13.0165	13.4589	0
MFS/Sun Life Global Governments Series S Class	03	2005	14.2487	13.0165	0
MFS/Sun Life Global Governments Series S Class	03	2004	13.1418	14.2487	0
MFS/Sun Life Global Governments Series S Class	03	2003	11.5420	13.1418	0
MFS/Sun Life Global Governments Series S Class	03	2002	9.7166	11.5420	0
MFS/Sun Life Global Governments Series S Class	03	2001	10.0000	9.7166	0
MFS/Sun Life Global Governments Series S Class	04	2007	13.4225	14.3705	25,747
MFS/Sun Life Global Governments Series S Class	04	2006	12.9878	13.4225	26,193
MFS/Sun Life Global Governments Series S Class	04	2005	14.2246	12.9878	18,235
MFS/Sun Life Global Governments Series S Class	04	2004	13.1261	14.2246	14,494
MFS/Sun Life Global Governments Series S Class	04	2003	11.5341	13.1261	30,465
MFS/Sun Life Global Governments Series S Class	04	2002	9.7149	11.5341	13,639
MFS/Sun Life Global Governments Series S Class	04	2001	10.0000	9.7149	2,494
MFS/Sun Life Global Governments Series S Class	05	2007	13.3500	14.2782	19,314
MFS/Sun Life Global Governments Series S Class	05	2006	12.9307	13.3500	26,722
MFS/Sun Life Global Governments Series S Class	05	2005	14.1764	12.9307	19,097
MFS/Sun Life Global Governments Series S Class	05	2004	13.0950	14.1764	12,420
MFS/Sun Life Global Governments Series S Class	05	2003	11.5184	13.0950	9,558
MFS/Sun Life Global Governments Series S Class	05	2002	9.7115	11.5184	9,489
MFS/Sun Life Global Governments Series S Class	05	2001	10.0000	9.7115	1,446
MFS/Sun Life Global Governments Series S Class	06	2007	13.2419	14.1410	33,450
MFS/Sun Life Global Governments Series S Class	06	2006	12.8455	13.2419	32,729
MFS/Sun Life Global Governments Series S Class	06	2005	14.1043	12.8455	22,396
MFS/Sun Life Global Governments Series S Class	06	2004	13.0483	14.1043	28,578
MFS/Sun Life Global Governments Series S Class	06	2003	11.4949	13.0483	47,112
MFS/Sun Life Global Governments Series S Class	06	2002	9.7064	11.4949	28,979
MFS/Sun Life Global Governments Series S Class	06	2001	10.0000	9.7064	3,856
MFS/Sun Life Global Growth Series	01	2007	10.9943	12.3284	26,460
MFS/Sun Life Global Growth Series	01	2006	9.4612	10.9943	26,460
MFS/Sun Life Global Growth Series	01	2005	8.6850	9.4612	14,167
MFS/Sun Life Global Growth Series	01	2004	7.5883	8.6850	14,167
MFS/Sun Life Global Growth Series	01	2003	5.6591	7.5883	0
MFS/Sun Life Global Growth Series	01	2002	7.0895	5.6591	0
MFS/Sun Life Global Growth Series	01	2001	8.9172	7.0895	0
MFS/Sun Life Global Growth Series	01	2000	10.0000	8.9172	0
MFS/Sun Life Global Growth Series	02	2007	10.8875	12.1900	207,404
MFS/Sun Life Global Growth Series	02	2006	9.3835	10.8875	243,483
MFS/Sun Life Global Growth Series	02	2005	8.6267	9.3835	280,214
MFS/Sun Life Global Growth Series	02	2004	7.5489	8.6267	301,886
MFS/Sun Life Global Growth Series	02	2003	5.6382	7.5489	359,577
MFS/Sun Life Global Growth Series	02	2002	7.0741	5.6382	408,379
MFS/Sun Life Global Growth Series	02	2001	8.9115	7.0741	428,636
MFS/Sun Life Global Growth Series	02	2000	10.0000	8.9115	0
MFS/Sun Life Global Growth Series	03	2007	10.8170	12.0988	0
MFS/Sun Life Global Growth Series	03	2006	9.3321	10.8170	0
MFS/Sun Life Global Growth Series	03	2005	8.5881	9.3321	719
MFS/Sun Life Global Growth Series	03	2004	7.5227	8.5881	9,114
MFS/Sun Life Global Growth Series	03	2003	5.6244	7.5227	9,071
MFS/Sun Life Global Growth Series	03	2002	7.0639	5.6244	20,122
MFS/Sun Life Global Growth Series	03	2001	8.9077	7.0639	25,431
MFS/Sun Life Global Growth Series	03	2000	10.0000	8.9077	0
MFS/Sun Life Global Growth Series	04	2007	10.7818	12.0533	189,169
MFS/Sun Life Global Growth Series	04	2006	9.3064	10.7818	248,558
MFS/Sun Life Global Growth Series	04	2005	8.5688	9.3064	254,314
MFS/Sun Life Global Growth Series	04	2004	7.5096	8.5688	306,996
MFS/Sun Life Global Growth Series	04	2003	5.6175	7.5096	365,890
MFS/Sun Life Global Growth Series	04	2002	7.0588	5.6175	425,713
MFS/Sun Life Global Growth Series	04	2001	8.9058	7.0588	548,662
MFS/Sun Life Global Growth Series	04	2000	10.0000	8.9058	0
MFS/Sun Life Global Growth Series	05	2007	10.7117	11.9627	421,920
MFS/Sun Life Global Growth Series	05	2006	9.2553	10.7117	495,726
MFS/Sun Life Global Growth Series	05	2005	8.5304	9.2553	517,641
MFS/Sun Life Global Growth Series	05	2004	7.4836	8.5304	551,946
MFS/Sun Life Global Growth Series	05	2003	5.6036	7.4836	586,270
MFS/Sun Life Global Growth Series	05	2002	7.0485	5.6036	634,629
MFS/Sun Life Global Growth Series	05	2001	8.9020	7.0485	784,292
MFS/Sun Life Global Growth Series	05	2000	10.0000	8.9020	0
MFS/Sun Life Global Growth Series	06	2007	10.6074	11.8281	131,488
MFS/Sun Life Global Growth Series	06	2006	9.1791	10.6074	153,204
MFS/Sun Life Global Growth Series	06	2005	8.4730	9.1791	170,191
MFS/Sun Life Global Growth Series	06	2004	7.4446	8.4730	226,803
MFS/Sun Life Global Growth Series	06	2003	5.5829	7.4446	222,638
MFS/Sun Life Global Growth Series	06	2002	7.0332	5.5829	226,143
MFS/Sun Life Global Growth Series	06	2001	8.8963	7.0332	276,585
MFS/Sun Life Global Growth Series	06	2000	10.0000	8.8963	0
MFS/Sun Life Global Growth Series S Class	01	2007	14.8194	16.5832	2,672
MFS/Sun Life Global Growth Series S Class	01	2006	12.7933	14.8194	3,771
MFS/Sun Life Global Growth Series S Class	01	2005	11.7759	12.7933	5,168
MFS/Sun Life Global Growth Series S Class	01	2004	10.3068	11.7759	6,825
MFS/Sun Life Global Growth Series S Class	01	2003	7.7044	10.3068	8,587
MFS/Sun Life Global Growth Series S Class	01	2002	9.6873	7.7044	11,269
MFS/Sun Life Global Growth Series S Class	01	2001	10.0000	9.6873	0
MFS/Sun Life Global Growth Series S Class	02	2007	14.6997	16.4241	25,937
MFS/Sun Life Global Growth Series S Class	02	2006	12.7092	14.6997	30,802
MFS/Sun Life Global Growth Series S Class	02	2005	11.7161	12.7092	29,623
MFS/Sun Life Global Growth Series S Class	02	2004	10.2701	11.7161	31,744
MFS/Sun Life Global Growth Series S Class	02	2003	7.6886	10.2701	38,676
MFS/Sun Life Global Growth Series S Class	02	2002	9.6823	7.6886	45,967
MFS/Sun Life Global Growth Series S Class	02	2001	10.0000	9.6823	8,845
MFS/Sun Life Global Growth Series S Class	03	2007	14.6205	16.3190	0
MFS/Sun Life Global Growth Series S Class	03	2006	12.6534	14.6205	0
MFS/Sun Life Global Growth Series S Class	03	2005	11.6765	12.6534	0
MFS/Sun Life Global Growth Series S Class	03	2004	10.2457	11.6765	0
MFS/Sun Life Global Growth Series S Class	03	2003	7.6781	10.2457	0
MFS/Sun Life Global Growth Series S Class	03	2002	9.6789	7.6781	0
MFS/Sun Life Global Growth Series S Class	03	2001	10.0000	9.6789	0
MFS/Sun Life Global Growth Series S Class	04	2007	14.5809	16.2666	27,573
MFS/Sun Life Global Growth Series S Class	04	2006	12.6256	14.5809	34,288
MFS/Sun Life Global Growth Series S Class	04	2005	11.6567	12.6256	34,993
MFS/Sun Life Global Growth Series S Class	04	2004	10.2335	11.6567	42,060
MFS/Sun Life Global Growth Series S Class	04	2003	7.6729	10.2335	49,464
MFS/Sun Life Global Growth Series S Class	04	2002	9.6772	7.6729	41,530
MFS/Sun Life Global Growth Series S Class	04	2001	10.0000	9.6772	6,913
MFS/Sun Life Global Growth Series S Class	05	2007	14.5021	16.1621	47,429
MFS/Sun Life Global Growth Series S Class	05	2006	12.5700	14.5021	52,260
MFS/Sun Life Global Growth Series S Class	05	2005	11.6172	12.5700	56,086
MFS/Sun Life Global Growth Series S Class	05	2004	10.2092	11.6172	60,431
MFS/Sun Life Global Growth Series S Class	05	2003	7.6624	10.2092	64,736
MFS/Sun Life Global Growth Series S Class	05	2002	9.6738	7.6624	67,838
MFS/Sun Life Global Growth Series S Class	05	2001	10.0000	9.6738	29,671
MFS/Sun Life Global Growth Series S Class	06	2007	14.3846	16.0067	35,362
MFS/Sun Life Global Growth Series S Class	06	2006	12.4871	14.3846	42,580
MFS/Sun Life Global Growth Series S Class	06	2005	11.5581	12.4871	42,021
MFS/Sun Life Global Growth Series S Class	06	2004	10.1728	11.5581	53,032
MFS/Sun Life Global Growth Series S Class	06	2003	7.6467	10.1728	39,088
MFS/Sun Life Global Growth Series S Class	06	2002	9.6687	7.6467	36,153
MFS/Sun Life Global Growth Series S Class	06	2001	10.0000	9.6687	3,912
MFS/Sun Life Global Total Return Series	01	2007	15.5316	16.7391	0
MFS/Sun Life Global Total Return Series	01	2006	13.3771	15.5316	0
MFS/Sun Life Global Total Return Series	01	2005	13.0218	13.3771	0
MFS/Sun Life Global Total Return Series	01	2004	11.2313	13.0218	0
MFS/Sun Life Global Total Return Series	01	2003	9.2252	11.2313	0
MFS/Sun Life Global Total Return Series	01	2002	9.2627	9.2252	0
MFS/Sun Life Global Total Return Series	01	2001	9.9738	9.2627	0
MFS/Sun Life Global Total Return Series	01	2000	10.0000	9.9738	0
MFS/Sun Life Global Total Return Series	02	2007	15.3823	16.5529	206,449
MFS/Sun Life Global Total Return Series	02	2006	13.2685	15.3823	188,568
MFS/Sun Life Global Total Return Series	02	2005	12.9357	13.2685	198,934
MFS/Sun Life Global Total Return Series	02	2004	11.1740	12.9357	175,911
MFS/Sun Life Global Total Return Series	02	2003	9.1921	11.1740	150,507
MFS/Sun Life Global Total Return Series	02	2002	9.2435	9.1921	100,243
MFS/Sun Life Global Total Return Series	02	2001	9.9684	9.2435	86,849
MFS/Sun Life Global Total Return Series	02	2000	10.0000	9.9684	0
MFS/Sun Life Global Total Return Series	03	2007	15.2837	16.4300	2,786
MFS/Sun Life Global Total Return Series	03	2006	13.1968	15.2837	5,974
MFS/Sun Life Global Total Return Series	03	2005	12.8787	13.1968	2,719
MFS/Sun Life Global Total Return Series	03	2004	11.1360	12.8787	1,867
MFS/Sun Life Global Total Return Series	03	2003	9.1702	11.1360	17,905
MFS/Sun Life Global Total Return Series	03	2002	9.2307	9.1702	12,864
MFS/Sun Life Global Total Return Series	03	2001	9.9647	9.2307	0
MFS/Sun Life Global Total Return Series	03	2000	10.0000	9.9647	0
MFS/Sun Life Global Total Return Series	04	2007	15.2344	16.3687	241,794
MFS/Sun Life Global Total Return Series	04	2006	13.1609	15.2344	278,991
MFS/Sun Life Global Total Return Series	04	2005	12.8502	13.1609	275,975
MFS/Sun Life Global Total Return Series	04	2004	11.1170	12.8502	221,787
MFS/Sun Life Global Total Return Series	04	2003	9.1592	11.1170	212,310
MFS/Sun Life Global Total Return Series	04	2002	9.2243	9.1592	129,637
MFS/Sun Life Global Total Return Series	04	2001	9.9629	9.2243	121,257
MFS/Sun Life Global Total Return Series	04	2000	10.0000	9.9629	0
MFS/Sun Life Global Total Return Series	05	2007	15.1363	16.2468	379,513
MFS/Sun Life Global Total Return Series	05	2006	13.0894	15.1363	425,613
MFS/Sun Life Global Total Return Series	05	2005	12.7933	13.0894	463,821
MFS/Sun Life Global Total Return Series	05	2004	11.0791	12.7933	404,139
MFS/Sun Life Global Total Return Series	05	2003	9.1372	11.0791	392,672
MFS/Sun Life Global Total Return Series	05	2002	9.2115	9.1372	199,870
MFS/Sun Life Global Total Return Series	05	2001	9.9593	9.2115	124,338
MFS/Sun Life Global Total Return Series	05	2000	10.0000	9.9593	0
MFS/Sun Life Global Total Return Series	06	2007	14.9905	16.0656	192,201
MFS/Sun Life Global Total Return Series	06	2006	12.9829	14.9905	191,642
MFS/Sun Life Global Total Return Series	06	2005	12.7085	12.9829	192,262
MFS/Sun Life Global Total Return Series	06	2004	11.0225	12.7085	131,308
MFS/Sun Life Global Total Return Series	06	2003	9.1043	11.0225	119,038
MFS/Sun Life Global Total Return Series	06	2002	9.1924	9.1043	72,193
MFS/Sun Life Global Total Return Series	06	2001	9.9538	9.1924	56,564
MFS/Sun Life Global Total Return Series	06	2000	10.0000	9.9538	0
MFS/Sun Life Global Total Return Series S Class	01	2007	16.1509	17.3674	0
MFS/Sun Life Global Total Return Series S Class	01	2006	13.9540	16.1509	0
MFS/Sun Life Global Total Return Series S Class	01	2005	13.6126	13.9540	2,093
MFS/Sun Life Global Total Return Series S Class	01	2004	11.7650	13.6126	0
MFS/Sun Life Global Total Return Series S Class	01	2003	9.6983	11.7650	0
MFS/Sun Life Global Total Return Series S Class	01	2002	9.7569	9.6983	7,979
MFS/Sun Life Global Total Return Series S Class	01	2001	10.0000	9.7569	0
MFS/Sun Life Global Total Return Series S Class	02	2007	16.0204	17.2008	128,177
MFS/Sun Life Global Total Return Series S Class	02	2006	13.8622	16.0204	139,928
MFS/Sun Life Global Total Return Series S Class	02	2005	13.5435	13.8622	126,808
MFS/Sun Life Global Total Return Series S Class	02	2004	11.7231	13.5435	141,230
MFS/Sun Life Global Total Return Series S Class	02	2003	9.6785	11.7231	135,470
MFS/Sun Life Global Total Return Series S Class	02	2002	9.7518	9.6785	80,005
MFS/Sun Life Global Total Return Series S Class	02	2001	10.0000	9.7518	32,456
MFS/Sun Life Global Total Return Series S Class	03	2007	15.9341	17.0908	0
MFS/Sun Life Global Total Return Series S Class	03	2006	13.8015	15.9341	0
MFS/Sun Life Global Total Return Series S Class	03	2005	13.4978	13.8015	0
MFS/Sun Life Global Total Return Series S Class	03	2004	11.6954	13.4978	0
MFS/Sun Life Global Total Return Series S Class	03	2003	9.6653	11.6954	0
MFS/Sun Life Global Total Return Series S Class	03	2002	9.7483	9.6653	0
MFS/Sun Life Global Total Return Series S Class	03	2001	10.0000	9.7483	0
MFS/Sun Life Global Total Return Series S Class	04	2007	15.8910	17.0358	88,544
MFS/Sun Life Global Total Return Series S Class	04	2006	13.7711	15.8910	90,923
MFS/Sun Life Global Total Return Series S Class	04	2005	13.4749	13.7711	89,299
MFS/Sun Life Global Total Return Series S Class	04	2004	11.6815	13.4749	80,688
MFS/Sun Life Global Total Return Series S Class	04	2003	9.6587	11.6815	73,403
MFS/Sun Life Global Total Return Series S Class	04	2002	9.7466	9.6587	44,497
MFS/Sun Life Global Total Return Series S Class	04	2001	10.0000	9.7466	21,316
MFS/Sun Life Global Total Return Series S Class	05	2007	15.8051	16.9265	50,757
MFS/Sun Life Global Total Return Series S Class	05	2006	13.7105	15.8051	51,118
MFS/Sun Life Global Total Return Series S Class	05	2005	13.4292	13.7105	52,647
MFS/Sun Life Global Total Return Series S Class	05	2004	11.6537	13.4292	50,183
MFS/Sun Life Global Total Return Series S Class	05	2003	9.6455	11.6537	47,182
MFS/Sun Life Global Total Return Series S Class	05	2002	9.7432	9.6455	31,334
MFS/Sun Life Global Total Return Series S Class	05	2001	10.0000	9.7432	7,956
MFS/Sun Life Global Total Return Series S Class	06	2007	15.6771	16.7638	86,053
MFS/Sun Life Global Total Return Series S Class	06	2006	13.6201	15.6771	90,088
MFS/Sun Life Global Total Return Series S Class	06	2005	13.3609	13.6201	89,181
MFS/Sun Life Global Total Return Series S Class	06	2004	11.6122	13.3609	91,852
MFS/Sun Life Global Total Return Series S Class	06	2003	9.6258	11.6122	83,797
MFS/Sun Life Global Total Return Series S Class	06	2002	9.7381	9.6258	62,519
MFS/Sun Life Global Total Return Series S Class	06	2001	10.0000	9.7381	25,350
MFS/Sun Life Government Securities Series	01	2007	13.2784	14.0886	65,381
MFS/Sun Life Government Securities Series	01	2006	12.9355	13.2784	63,914
MFS/Sun Life Government Securities Series	01	2005	12.7717	12.9355	57,954
MFS/Sun Life Government Securities Series	01	2004	12.4334	12.7717	54,183
MFS/Sun Life Government Securities Series	01	2003	12.2947	12.4334	56,819
MFS/Sun Life Government Securities Series	01	2002	11.3102	12.2947	79,311
MFS/Sun Life Government Securities Series	01	2001	10.6328	11.3102	82,692
MFS/Sun Life Government Securities Series	01	2000	10.0000	10.6328	0
MFS/Sun Life Government Securities Series	02	2007	13.1492	13.9302	749,038
MFS/Sun Life Government Securities Series	02	2006	12.8290	13.1492	841,752
MFS/Sun Life Government Securities Series	02	2005	12.6857	12.8290	905,433
MFS/Sun Life Government Securities Series	02	2004	12.3686	12.6857	1,024,866
MFS/Sun Life Government Securities Series	02	2003	12.2492	12.3686	1,208,075
MFS/Sun Life Government Securities Series	02	2002	11.2854	12.2492	1,535,010
MFS/Sun Life Government Securities Series	02	2001	10.6257	11.2854	1,306,150
MFS/Sun Life Government Securities Series	02	2000	10.0000	10.6257	0
MFS/Sun Life Government Securities Series	03	2007	13.0638	13.8257	55,552
MFS/Sun Life Government Securities Series	03	2006	12.7586	13.0638	56,562
MFS/Sun Life Government Securities Series	03	2005	12.6288	12.7586	54,512
MFS/Sun Life Government Securities Series	03	2004	12.3256	12.6288	123,324
MFS/Sun Life Government Securities Series	03	2003	12.2190	12.3256	131,414
MFS/Sun Life Government Securities Series	03	2002	11.2690	12.2190	215,755
MFS/Sun Life Government Securities Series	03	2001	10.6210	11.2690	124,911
MFS/Sun Life Government Securities Series	03	2000	10.0000	10.6210	0
MFS/Sun Life Government Securities Series	04	2007	13.0213	13.7736	757,049
MFS/Sun Life Government Securities Series	04	2006	12.7235	13.0213	846,022
MFS/Sun Life Government Securities Series	04	2005	12.6004	12.7235	988,757
MFS/Sun Life Government Securities Series	04	2004	12.3041	12.6004	1,080,942
MFS/Sun Life Government Securities Series	04	2003	12.2039	12.3041	1,363,351
MFS/Sun Life Government Securities Series	04	2002	11.2607	12.2039	1,913,473
MFS/Sun Life Government Securities Series	04	2001	10.6186	11.2607	1,359,479
MFS/Sun Life Government Securities Series	04	2000	10.0000	10.6186	0
MFS/Sun Life Government Securities Series	05	2007	12.9364	13.6699	1,385,284
MFS/Sun Life Government Securities Series	05	2006	12.6534	12.9364	1,588,152
MFS/Sun Life Government Securities Series	05	2005	12.5437	12.6534	1,721,343
MFS/Sun Life Government Securities Series	05	2004	12.2611	12.5437	1,869,068
MFS/Sun Life Government Securities Series	05	2003	12.1736	12.2611	2,261,410
MFS/Sun Life Government Securities Series	05	2002	11.2442	12.1736	2,825,611
MFS/Sun Life Government Securities Series	05	2001	10.6139	11.2442	2,413,267
MFS/Sun Life Government Securities Series	05	2000	10.0000	10.6139	0
MFS/Sun Life Government Securities Series	06	2007	12.8103	13.5159	668,952
MFS/Sun Life Government Securities Series	06	2006	12.5490	12.8103	711,318
MFS/Sun Life Government Securities Series	06	2005	12.4591	12.5490	790,327
MFS/Sun Life Government Securities Series	06	2004	12.1971	12.4591	991,910
MFS/Sun Life Government Securities Series	06	2003	12.1285	12.1971	1,193,587
MFS/Sun Life Government Securities Series	06	2002	11.2196	12.1285	1,486,063
MFS/Sun Life Government Securities Series	06	2001	10.6069	11.2196	1,153,701
MFS/Sun Life Government Securities Series	06	2000	10.0000	10.6069	0
MFS/Sun Life Government Securities Series S Class	01	2007	11.7457	12.4308	29,781
MFS/Sun Life Government Securities Series S Class	01	2006	11.4658	11.7457	29,107
MFS/Sun Life Government Securities Series S Class	01	2005	11.3535	11.4658	26,401
MFS/Sun Life Government Securities Series S Class	01	2004	11.0752	11.3535	22,842
MFS/Sun Life Government Securities Series S Class	01	2003	10.9817	11.0752	0
MFS/Sun Life Government Securities Series S Class	01	2002	10.1290	10.9817	0
MFS/Sun Life Government Securities Series S Class	01	2001	10.0000	10.1290	0
MFS/Sun Life Government Securities Series S Class	02	2007	11.6508	12.3116	525,383
MFS/Sun Life Government Securities Series S Class	02	2006	11.3904	11.6508	630,242
MFS/Sun Life Government Securities Series S Class	02	2005	11.2959	11.3904	693,960
MFS/Sun Life Government Securities Series S Class	02	2004	11.0358	11.2959	808,370
MFS/Sun Life Government Securities Series S Class	02	2003	10.9593	11.0358	974,838
MFS/Sun Life Government Securities Series S Class	02	2002	10.1237	10.9593	1,072,889
MFS/Sun Life Government Securities Series S Class	02	2001	10.0000	10.1237	226,581
MFS/Sun Life Government Securities Series S Class	03	2007	11.5880	12.2328	0
MFS/Sun Life Government Securities Series S Class	03	2006	11.3404	11.5880	0
MFS/Sun Life Government Securities Series S Class	03	2005	11.2577	11.3404	0
MFS/Sun Life Government Securities Series S Class	03	2004	11.0097	11.2577	0
MFS/Sun Life Government Securities Series S Class	03	2003	10.9444	11.0097	0
MFS/Sun Life Government Securities Series S Class	03	2002	10.1202	10.9444	0
MFS/Sun Life Government Securities Series S Class	03	2001	10.0000	10.1202	0
MFS/Sun Life Government Securities Series S Class	04	2007	11.5567	12.1935	350,367
MFS/Sun Life Government Securities Series S Class	04	2006	11.3155	11.5567	374,061
MFS/Sun Life Government Securities Series S Class	04	2005	11.2386	11.3155	463,005
MFS/Sun Life Government Securities Series S Class	04	2004	10.9966	11.2386	529,437
MFS/Sun Life Government Securities Series S Class	04	2003	10.9370	10.9966	679,618
MFS/Sun Life Government Securities Series S Class	04	2002	10.1184	10.9370	862,933
MFS/Sun Life Government Securities Series S Class	04	2001	10.0000	10.1184	187,842
MFS/Sun Life Government Securities Series S Class	05	2007	11.4942	12.1152	347,224
MFS/Sun Life Government Securities Series S Class	05	2006	11.2657	11.4942	429,172
MFS/Sun Life Government Securities Series S Class	05	2005	11.2005	11.2657	458,504
MFS/Sun Life Government Securities Series S Class	05	2004	10.9705	11.2005	496,683
MFS/Sun Life Government Securities Series S Class	05	2003	10.9221	10.9705	586,861
MFS/Sun Life Government Securities Series S Class	05	2002	10.1149	10.9221	679,375
MFS/Sun Life Government Securities Series S Class	05	2001	10.0000	10.1149	208,275
MFS/Sun Life Government Securities Series S Class	06	2007	11.4011	11.9987	564,602
MFS/Sun Life Government Securities Series S Class	06	2006	11.1915	11.4011	625,881
MFS/Sun Life Government Securities Series S Class	06	2005	11.1436	11.1915	714,681
MFS/Sun Life Government Securities Series S Class	06	2004	10.9314	11.1436	783,397
MFS/Sun Life Government Securities Series S Class	06	2003	10.8997	10.9314	903,437
MFS/Sun Life Government Securities Series S Class	06	2002	10.1096	10.8997	1,121,336
MFS/Sun Life Government Securities Series S Class	06	2001	10.0000	10.1096	242,126
MFS/Sun Life High Yield Series	01	2007	13.5704	13.6928	26,692
MFS/Sun Life High Yield Series	01	2006	12.4167	13.5704	25,220
MFS/Sun Life High Yield Series	01	2005	12.2725	12.4167	24,493
MFS/Sun Life High Yield Series	01	2004	11.3166	12.2725	23,169
MFS/Sun Life High Yield Series	01	2003	9.4127	11.3166	28,182
MFS/Sun Life High Yield Series	01	2002	9.2578	9.4127	60,005
MFS/Sun Life High Yield Series	01	2001	9.1906	9.2578	83,541
MFS/Sun Life High Yield Series	01	2000	10.0000	9.1906	0
MFS/Sun Life High Yield Series	02	2007	13.4383	13.5389	315,284
MFS/Sun Life High Yield Series	02	2006	12.3145	13.4383	393,588
MFS/Sun Life High Yield Series	02	2005	12.1899	12.3145	468,699
MFS/Sun Life High Yield Series	02	2004	11.2576	12.1899	564,160
MFS/Sun Life High Yield Series	02	2003	9.3778	11.2576	663,798
MFS/Sun Life High Yield Series	02	2002	9.2375	9.3778	649,634
MFS/Sun Life High Yield Series	02	2001	9.1844	9.2375	734,017
MFS/Sun Life High Yield Series	02	2000	10.0000	9.1844	0
MFS/Sun Life High Yield Series	03	2007	13.3511	13.4373	49,877
MFS/Sun Life High Yield Series	03	2006	12.2469	13.3511	78,280
MFS/Sun Life High Yield Series	03	2005	12.1352	12.2469	81,778
MFS/Sun Life High Yield Series	03	2004	11.2185	12.1352	90,233
MFS/Sun Life High Yield Series	03	2003	9.3547	11.2185	72,234
MFS/Sun Life High Yield Series	03	2002	9.2240	9.3547	50,291
MFS/Sun Life High Yield Series	03	2001	9.1804	9.2240	47,866
MFS/Sun Life High Yield Series	03	2000	10.0000	9.1804	0
MFS/Sun Life High Yield Series	04	2007	13.3076	13.3867	358,117
MFS/Sun Life High Yield Series	04	2006	12.2131	13.3076	450,234
MFS/Sun Life High Yield Series	04	2005	12.1079	12.2131	511,437
MFS/Sun Life High Yield Series	04	2004	11.1989	12.1079	607,807
MFS/Sun Life High Yield Series	04	2003	9.3431	11.1989	683,551
MFS/Sun Life High Yield Series	04	2002	9.2173	9.3431	666,543
MFS/Sun Life High Yield Series	04	2001	9.1783	9.2173	713,877
MFS/Sun Life High Yield Series	04	2000	10.0000	9.1783	0
MFS/Sun Life High Yield Series	05	2007	13.2209	13.2859	725,802
MFS/Sun Life High Yield Series	05	2006	12.1458	13.2209	880,474
MFS/Sun Life High Yield Series	05	2005	12.0534	12.1458	978,905
MFS/Sun Life High Yield Series	05	2004	11.1598	12.0534	1,086,820
MFS/Sun Life High Yield Series	05	2003	9.3199	11.1598	1,227,231
MFS/Sun Life High Yield Series	05	2002	9.2037	9.3199	1,190,721
MFS/Sun Life High Yield Series	05	2001	9.1742	9.2037	1,345,130
MFS/Sun Life High Yield Series	05	2000	10.0000	9.1742	0
MFS/Sun Life High Yield Series	06	2007	13.0919	13.1362	325,364
MFS/Sun Life High Yield Series	06	2006	12.0457	13.0919	365,143
MFS/Sun Life High Yield Series	06	2005	11.9721	12.0457	402,005
MFS/Sun Life High Yield Series	06	2004	11.1015	11.9721	446,860
MFS/Sun Life High Yield Series	06	2003	9.2853	11.1015	520,155
MFS/Sun Life High Yield Series	06	2002	9.1836	9.2853	483,805
MFS/Sun Life High Yield Series	06	2001	9.1681	9.1836	512,884
MFS/Sun Life High Yield Series	06	2000	10.0000	9.1681	0
MFS/Sun Life High Yield Series S Class	01	2007	14.3185	14.3961	10,174
MFS/Sun Life High Yield Series S Class	01	2006	13.1428	14.3185	9,616
MFS/Sun Life High Yield Series S Class	01	2005	13.0232	13.1428	9,325
MFS/Sun Life High Yield Series S Class	01	2004	12.0280	13.0232	8,190
MFS/Sun Life High Yield Series S Class	01	2003	10.0237	12.0280	0
MFS/Sun Life High Yield Series S Class	01	2002	9.8959	10.0237	0
MFS/Sun Life High Yield Series S Class	01	2001	10.0000	9.8959	0
MFS/Sun Life High Yield Series S Class	02	2007	14.2029	14.2580	193,002
MFS/Sun Life High Yield Series S Class	02	2006	13.0564	14.2029	239,338
MFS/Sun Life High Yield Series S Class	02	2005	12.9572	13.0564	261,156
MFS/Sun Life High Yield Series S Class	02	2004	11.9853	12.9572	309,681
MFS/Sun Life High Yield Series S Class	02	2003	10.0032	11.9853	380,187
MFS/Sun Life High Yield Series S Class	02	2002	9.8907	10.0032	335,352
MFS/Sun Life High Yield Series S Class	02	2001	10.0000	9.8907	82,529
MFS/Sun Life High Yield Series S Class	03	2007	14.1264	14.1669	0
MFS/Sun Life High Yield Series S Class	03	2006	12.9992	14.1264	0
MFS/Sun Life High Yield Series S Class	03	2005	12.9134	12.9992	0
MFS/Sun Life High Yield Series S Class	03	2004	11.9570	12.9134	0
MFS/Sun Life High Yield Series S Class	03	2003	9.9897	11.9570	0
MFS/Sun Life High Yield Series S Class	03	2002	9.8872	9.9897	0
MFS/Sun Life High Yield Series S Class	03	2001	10.0000	9.8872	0
MFS/Sun Life High Yield Series S Class	04	2007	14.0882	14.1213	169,363
MFS/Sun Life High Yield Series S Class	04	2006	12.9706	14.0882	172,104
MFS/Sun Life High Yield Series S Class	04	2005	12.8915	12.9706	181,760
MFS/Sun Life High Yield Series S Class	04	2004	11.9427	12.8915	204,317
MFS/Sun Life High Yield Series S Class	04	2003	9.9828	11.9427	230,236
MFS/Sun Life High Yield Series S Class	04	2002	9.8855	9.9828	213,921
MFS/Sun Life High Yield Series S Class	04	2001	10.0000	9.8855	56,208
MFS/Sun Life High Yield Series S Class	05	2007	14.0120	14.0306	163,185
MFS/Sun Life High Yield Series S Class	05	2006	12.9135	14.0120	194,009
MFS/Sun Life High Yield Series S Class	05	2005	12.8478	12.9135	208,846
MFS/Sun Life High Yield Series S Class	05	2004	11.9143	12.8478	263,671
MFS/Sun Life High Yield Series S Class	05	2003	9.9692	11.9143	297,600
MFS/Sun Life High Yield Series S Class	05	2002	9.8820	9.9692	268,307
MFS/Sun Life High Yield Series S Class	05	2001	10.0000	9.8820	81,593
MFS/Sun Life High Yield Series S Class	06	2007	13.8986	13.8958	272,991
MFS/Sun Life High Yield Series S Class	06	2006	12.8284	13.8986	318,228
MFS/Sun Life High Yield Series S Class	06	2005	12.7825	12.8284	312,021
MFS/Sun Life High Yield Series S Class	06	2004	11.8719	12.7825	367,812
MFS/Sun Life High Yield Series S Class	06	2003	9.9488	11.8719	418,695
MFS/Sun Life High Yield Series S Class	06	2002	9.8768	9.9488	340,346
MFS/Sun Life High Yield Series S Class	06	2001	10.0000	9.8768	91,946
MFS/Sun Life International Growth Series	01	2007	15.1778	17.5172	42,369
MFS/Sun Life International Growth Series	01	2006	12.1633	15.1778	44,410
MFS/Sun Life International Growth Series	01	2005	10.6916	12.1633	38,420
MFS/Sun Life International Growth Series	01	2004	9.0801	10.6916	40,952
MFS/Sun Life International Growth Series	01	2003	6.6142	9.0801	35,186
MFS/Sun Life International Growth Series	01	2002	7.5824	6.6142	44,466
MFS/Sun Life International Growth Series	01	2001	9.1062	7.5824	56,426
MFS/Sun Life International Growth Series	01	2000	10.0000	9.1062	0
MFS/Sun Life International Growth Series	02	2007	15.0301	17.3202	251,860
MFS/Sun Life International Growth Series	02	2006	12.0631	15.0301	302,393
MFS/Sun Life International Growth Series	02	2005	10.6196	12.0631	334,816
MFS/Sun Life International Growth Series	02	2004	9.0327	10.6196	363,019
MFS/Sun Life International Growth Series	02	2003	6.5897	9.0327	401,649
MFS/Sun Life International Growth Series	02	2002	7.5658	6.5897	493,323
MFS/Sun Life International Growth Series	02	2001	9.1002	7.5658	515,677
MFS/Sun Life International Growth Series	02	2000	10.0000	9.1002	0
MFS/Sun Life International Growth Series	03	2007	14.9325	17.1903	96,185
MFS/Sun Life International Growth Series	03	2006	11.9969	14.9325	58,616
MFS/Sun Life International Growth Series	03	2005	10.5720	11.9969	60,701
MFS/Sun Life International Growth Series	03	2004	9.0013	10.5720	83,982
MFS/Sun Life International Growth Series	03	2003	6.5734	9.0013	63,606
MFS/Sun Life International Growth Series	03	2002	7.5547	6.5734	82,388
MFS/Sun Life International Growth Series	03	2001	9.0961	7.5547	67,385
MFS/Sun Life International Growth Series	03	2000	10.0000	9.0961	0
MFS/Sun Life International Growth Series	04	2007	14.8838	17.1255	283,452
MFS/Sun Life International Growth Series	04	2006	11.9638	14.8838	349,708
MFS/Sun Life International Growth Series	04	2005	10.5482	11.9638	393,391
MFS/Sun Life International Growth Series	04	2004	8.9855	10.5482	445,147
MFS/Sun Life International Growth Series	04	2003	6.5652	8.9855	451,383
MFS/Sun Life International Growth Series	04	2002	7.5492	6.5652	520,364
MFS/Sun Life International Growth Series	04	2001	9.0941	7.5492	583,627
MFS/Sun Life International Growth Series	04	2000	10.0000	9.0941	0
MFS/Sun Life International Growth Series	05	2007	14.7868	16.9966	710,729
MFS/Sun Life International Growth Series	05	2006	11.8979	14.7868	868,983
MFS/Sun Life International Growth Series	05	2005	10.5007	11.8979	928,216
MFS/Sun Life International Growth Series	05	2004	8.9542	10.5007	1,050,570
MFS/Sun Life International Growth Series	05	2003	6.5490	8.9542	1,067,930
MFS/Sun Life International Growth Series	05	2002	7.5381	6.5490	1,180,520
MFS/Sun Life International Growth Series	05	2001	9.0901	7.5381	1,336,066
MFS/Sun Life International Growth Series	05	2000	10.0000	9.0901	0
MFS/Sun Life International Growth Series	06	2007	14.6426	16.8050	298,493
MFS/Sun Life International Growth Series	06	2006	11.7997	14.6426	363,184
MFS/Sun Life International Growth Series	06	2005	10.4298	11.7997	383,938
MFS/Sun Life International Growth Series	06	2004	8.9073	10.4298	408,580
MFS/Sun Life International Growth Series	06	2003	6.5246	8.9073	423,226
MFS/Sun Life International Growth Series	06	2002	7.5215	6.5246	470,467
MFS/Sun Life International Growth Series	06	2001	9.0840	7.5215	498,031
MFS/Sun Life International Growth Series	06	2000	10.0000	9.0840	0
MFS/Sun Life International Growth Series S Class	01	2007	18.8252	21.6672	6,826
MFS/Sun Life International Growth Series S Class	01	2006	15.1205	18.8252	7,486
MFS/Sun Life International Growth Series S Class	01	2005	13.3243	15.1205	8,631
MFS/Sun Life International Growth Series S Class	01	2004	11.3502	13.3243	8,794
MFS/Sun Life International Growth Series S Class	01	2003	8.2865	11.3502	0
MFS/Sun Life International Growth Series S Class	01	2002	9.5137	8.2865	0
MFS/Sun Life International Growth Series S Class	01	2001	10.0000	9.5137	0
MFS/Sun Life International Growth Series S Class	02	2007	18.6731	21.4593	100,680
MFS/Sun Life International Growth Series S Class	02	2006	15.0211	18.6731	114,533
MFS/Sun Life International Growth Series S Class	02	2005	13.2567	15.0211	120,339
MFS/Sun Life International Growth Series S Class	02	2004	11.3099	13.2567	146,689
MFS/Sun Life International Growth Series S Class	02	2003	8.2695	11.3099	147,001
MFS/Sun Life International Growth Series S Class	02	2002	9.5087	8.2695	134,517
MFS/Sun Life International Growth Series S Class	02	2001	10.0000	9.5087	32,328
MFS/Sun Life International Growth Series S Class	03	2007	18.5725	21.3221	0
MFS/Sun Life International Growth Series S Class	03	2006	14.9552	18.5725	0
MFS/Sun Life International Growth Series S Class	03	2005	13.2119	14.9552	0
MFS/Sun Life International Growth Series S Class	03	2004	11.2831	13.2119	0
MFS/Sun Life International Growth Series S Class	03	2003	8.2583	11.2831	0
MFS/Sun Life International Growth Series S Class	03	2002	9.5053	8.2583	0
MFS/Sun Life International Growth Series S Class	03	2001	10.0000	9.5053	0
MFS/Sun Life International Growth Series S Class	04	2007	18.5223	21.2535	81,854
MFS/Sun Life International Growth Series S Class	04	2006	14.9223	18.5223	94,984
MFS/Sun Life International Growth Series S Class	04	2005	13.1895	14.9223	106,725
MFS/Sun Life International Growth Series S Class	04	2004	11.2697	13.1895	121,548
MFS/Sun Life International Growth Series S Class	04	2003	8.2526	11.2697	114,783
MFS/Sun Life International Growth Series S Class	04	2002	9.5036	8.2526	112,015
MFS/Sun Life International Growth Series S Class	04	2001	10.0000	9.5036	30,439
MFS/Sun Life International Growth Series S Class	05	2007	18.4221	21.1170	60,422
MFS/Sun Life International Growth Series S Class	05	2006	14.8567	18.4221	77,014
MFS/Sun Life International Growth Series S Class	05	2005	13.1447	14.8567	90,301
MFS/Sun Life International Growth Series S Class	05	2004	11.2428	13.1447	101,353
MFS/Sun Life International Growth Series S Class	05	2003	8.2414	11.2428	110,935
MFS/Sun Life International Growth Series S Class	05	2002	9.5003	8.2414	139,637
MFS/Sun Life International Growth Series S Class	05	2001	10.0000	9.5003	30,821
MFS/Sun Life International Growth Series S Class	06	2007	18.2729	20.9140	144,420
MFS/Sun Life International Growth Series S Class	06	2006	14.7587	18.2729	153,072
MFS/Sun Life International Growth Series S Class	06	2005	13.0779	14.7587	164,744
MFS/Sun Life International Growth Series S Class	06	2004	11.2028	13.0779	187,883
MFS/Sun Life International Growth Series S Class	06	2003	8.2245	11.2028	183,748
MFS/Sun Life International Growth Series S Class	06	2002	9.4953	8.2245	177,115
MFS/Sun Life International Growth Series S Class	06	2001	10.0000	9.4953	46,281
MFS/Sun Life International Value Series	01	2007	18.4986	19.6587	18,857
MFS/Sun Life International Value Series	01	2006	14.4590	18.4986	18,857
MFS/Sun Life International Value Series	01	2005	12.6757	14.4590	10,789
MFS/Sun Life International Value Series	01	2004	10.0012	12.6757	10,789
MFS/Sun Life International Value Series	01	2003	7.5600	10.0012	0
MFS/Sun Life International Value Series	01	2002	8.1188	7.5600	0
MFS/Sun Life International Value Series	01	2001	9.6013	8.1188	0
MFS/Sun Life International Value Series	01	2000	10.0000	9.6013	0
MFS/Sun Life International Value Series	02	2007	18.3195	19.4386	160,884
MFS/Sun Life International Value Series	02	2006	14.3406	18.3195	171,460
MFS/Sun Life International Value Series	02	2005	12.5910	14.3406	163,252
MFS/Sun Life International Value Series	02	2004	9.9495	12.5910	114,728
MFS/Sun Life International Value Series	02	2003	7.5324	9.9495	89,267
MFS/Sun Life International Value Series	02	2002	8.1014	7.5324	92,940
MFS/Sun Life International Value Series	02	2001	9.5954	8.1014	103,771
MFS/Sun Life International Value Series	02	2000	10.0000	9.5954	0
MFS/Sun Life International Value Series	03	2007	18.2011	19.2934	36,548
MFS/Sun Life International Value Series	03	2006	14.2623	18.2011	10,265
MFS/Sun Life International Value Series	03	2005	12.5349	14.2623	19,548
MFS/Sun Life International Value Series	03	2004	9.9152	12.5349	19,529
MFS/Sun Life International Value Series	03	2003	7.5140	9.9152	6,935
MFS/Sun Life International Value Series	03	2002	8.0898	7.5140	553
MFS/Sun Life International Value Series	03	2001	9.5914	8.0898	27,835
MFS/Sun Life International Value Series	03	2000	10.0000	9.5914	0
MFS/Sun Life International Value Series	04	2007	18.1420	19.2210	190,836
MFS/Sun Life International Value Series	04	2006	14.2232	18.1420	204,082
MFS/Sun Life International Value Series	04	2005	12.5068	14.2232	197,723
MFS/Sun Life International Value Series	04	2004	9.8981	12.5068	148,456
MFS/Sun Life International Value Series	04	2003	7.5048	9.8981	101,023
MFS/Sun Life International Value Series	04	2002	8.0840	7.5048	92,400
MFS/Sun Life International Value Series	04	2001	9.5895	8.0840	90,371
MFS/Sun Life International Value Series	04	2000	10.0000	9.5895	0
MFS/Sun Life International Value Series	05	2007	18.0244	19.0769	381,684
MFS/Sun Life International Value Series	05	2006	14.1453	18.0244	426,597
MFS/Sun Life International Value Series	05	2005	12.4509	14.1453	430,562
MFS/Sun Life International Value Series	05	2004	9.8638	12.4509	328,177
MFS/Sun Life International Value Series	05	2003	7.4864	9.8638	265,677
MFS/Sun Life International Value Series	05	2002	8.0724	7.4864	230,237
MFS/Sun Life International Value Series	05	2001	9.5855	8.0724	236,598
MFS/Sun Life International Value Series	05	2000	10.0000	9.5855	0
MFS/Sun Life International Value Series	06	2007	17.8494	18.8628	118,680
MFS/Sun Life International Value Series	06	2006	14.0292	17.8494	150,233
MFS/Sun Life International Value Series	06	2005	12.3675	14.0292	142,308
MFS/Sun Life International Value Series	06	2004	9.8127	12.3675	126,373
MFS/Sun Life International Value Series	06	2003	7.4589	9.8127	89,944
MFS/Sun Life International Value Series	06	2002	8.0550	7.4589	75,783
MFS/Sun Life International Value Series	06	2001	9.5795	8.0550	88,192
MFS/Sun Life International Value Series	06	2000	10.0000	9.5795	0
MFS/Sun Life International Value Series S Class	01	2007	21.1627	22.4242	0
MFS/Sun Life International Value Series S Class	01	2006	16.5765	21.1627	0
MFS/Sun Life International Value Series S Class	01	2005	14.5680	16.5765	0
MFS/Sun Life International Value Series S Class	01	2004	11.5196	14.5680	0
MFS/Sun Life International Value Series S Class	01	2003	8.7358	11.5196	0
MFS/Sun Life International Value Series S Class	01	2002	9.3834	8.7358	0
MFS/Sun Life International Value Series S Class	01	2001	10.0000	9.3834	0
MFS/Sun Life International Value Series S Class	02	2007	20.9917	22.2091	47,938
MFS/Sun Life International Value Series S Class	02	2006	16.4675	20.9917	47,041
MFS/Sun Life International Value Series S Class	02	2005	14.4941	16.4675	45,280
MFS/Sun Life International Value Series S Class	02	2004	11.4786	14.4941	32,060
MFS/Sun Life International Value Series S Class	02	2003	8.7179	11.4786	34,051
MFS/Sun Life International Value Series S Class	02	2002	9.3785	8.7179	27,487
MFS/Sun Life International Value Series S Class	02	2001	10.0000	9.3785	935
MFS/Sun Life International Value Series S Class	03	2007	20.8787	22.0670	0
MFS/Sun Life International Value Series S Class	03	2006	16.3953	20.8787	0
MFS/Sun Life International Value Series S Class	03	2005	14.4451	16.3953	0
MFS/Sun Life International Value Series S Class	03	2004	11.4514	14.4451	0
MFS/Sun Life International Value Series S Class	03	2003	8.7061	11.4514	0
MFS/Sun Life International Value Series S Class	03	2002	9.3752	8.7061	0
MFS/Sun Life International Value Series S Class	03	2001	10.0000	9.3752	0
MFS/Sun Life International Value Series S Class	04	2007	20.8222	21.9961	42,678
MFS/Sun Life International Value Series S Class	04	2006	16.3592	20.8222	45,895
MFS/Sun Life International Value Series S Class	04	2005	14.4206	16.3592	35,331
MFS/Sun Life International Value Series S Class	04	2004	11.4378	14.4206	23,283
MFS/Sun Life International Value Series S Class	04	2003	8.7001	11.4378	15,234
MFS/Sun Life International Value Series S Class	04	2002	9.3735	8.7001	8,018
MFS/Sun Life International Value Series S Class	04	2001	10.0000	9.3735	1,282
MFS/Sun Life International Value Series S Class	05	2007	20.7096	21.8548	32,192
MFS/Sun Life International Value Series S Class	05	2006	16.2872	20.7096	29,139
MFS/Sun Life International Value Series S Class	05	2005	14.3717	16.2872	24,855
MFS/Sun Life International Value Series S Class	05	2004	11.4106	14.3717	18,984
MFS/Sun Life International Value Series S Class	05	2003	8.6882	11.4106	14,544
MFS/Sun Life International Value Series S Class	05	2002	9.3702	8.6882	6,025
MFS/Sun Life International Value Series S Class	05	2001	10.0000	9.3702	441
MFS/Sun Life International Value Series S Class	06	2007	20.5419	21.6447	82,182
MFS/Sun Life International Value Series S Class	06	2006	16.1799	20.5419	69,502
MFS/Sun Life International Value Series S Class	06	2005	14.2986	16.1799	59,546
MFS/Sun Life International Value Series S Class	06	2004	11.3699	14.2986	48,450
MFS/Sun Life International Value Series S Class	06	2003	8.6704	11.3699	21,759
MFS/Sun Life International Value Series S Class	06	2002	9.3653	8.6704	19,212
MFS/Sun Life International Value Series S Class	06	2001	10.0000	9.3653	2,235
MFS/Sun Life Massachusetts Investors Growth Series	01	2007	6.7377	7.4390	108,454
MFS/Sun Life Massachusetts Investors Growth Series	01	2006	6.3210	6.7377	56,957
MFS/Sun Life Massachusetts Investors Growth Series	01	2005	6.1172	6.3210	56,957
MFS/Sun Life Massachusetts Investors Growth Series	01	2004	5.6375	6.1172	56,957
MFS/Sun Life Massachusetts Investors Growth Series	01	2003	4.6150	5.6375	56,957
MFS/Sun Life Massachusetts Investors Growth Series	01	2002	6.4797	4.6150	100,114
MFS/Sun Life Massachusetts Investors Growth Series	01	2001	8.7153	6.4797	106,297
MFS/Sun Life Massachusetts Investors Growth Series	01	2000	10.0000	8.7153	0
MFS/Sun Life Massachusetts Investors Growth Series	02	2007	6.6721	7.3553	1,375,224
MFS/Sun Life Massachusetts Investors Growth Series	02	2006	6.2690	6.6721	1,525,155
MFS/Sun Life Massachusetts Investors Growth Series	02	2005	6.0760	6.2690	1,621,469
MFS/Sun Life Massachusetts Investors Growth Series	02	2004	5.6080	6.0760	1,852,691
MFS/Sun Life Massachusetts Investors Growth Series	02	2003	4.5979	5.6080	2,091,078
MFS/Sun Life Massachusetts Investors Growth Series	02	2002	6.4655	4.5979	2,228,096
MFS/Sun Life Massachusetts Investors Growth Series	02	2001	8.7094	6.4655	2,636,139
MFS/Sun Life Massachusetts Investors Growth Series	02	2000	10.0000	8.7094	0
MFS/Sun Life Massachusetts Investors Growth Series	03	2007	6.6997	7.3782	184,303
MFS/Sun Life Massachusetts Investors Growth Series	03	2006	6.3012	6.6997	174,518
MFS/Sun Life Massachusetts Investors Growth Series	03	2005	6.1135	6.3012	255,908
MFS/Sun Life Massachusetts Investors Growth Series	03	2004	5.6483	6.1135	285,847
MFS/Sun Life Massachusetts Investors Growth Series	03	2003	4.6356	5.6483	460,872
MFS/Sun Life Massachusetts Investors Growth Series	03	2002	6.5251	4.6356	444,541
MFS/Sun Life Massachusetts Investors Growth Series	03	2001	8.7987	6.5251	494,984
MFS/Sun Life Massachusetts Investors Growth Series	03	2000	10.0000	8.7987	0
MFS/Sun Life Massachusetts Investors Growth Series	04	2007	6.6071	7.2725	1,788,092
MFS/Sun Life Massachusetts Investors Growth Series	04	2006	6.2173	6.6071	1,998,805
MFS/Sun Life Massachusetts Investors Growth Series	04	2005	6.0351	6.2173	2,356,316
MFS/Sun Life Massachusetts Investors Growth Series	04	2004	5.5787	6.0351	3,047,723
MFS/Sun Life Massachusetts Investors Growth Series	04	2003	4.5808	5.5787	3,412,410
MFS/Sun Life Massachusetts Investors Growth Series	04	2002	6.4512	4.5808	3,545,907
MFS/Sun Life Massachusetts Investors Growth Series	04	2001	8.7036	6.4512	4,369,839
MFS/Sun Life Massachusetts Investors Growth Series	04	2000	10.0000	8.7036	0
MFS/Sun Life Massachusetts Investors Growth Series	05	2007	6.5640	7.2177	3,957,598
MFS/Sun Life Massachusetts Investors Growth Series	05	2006	6.1830	6.5640	4,619,671
MFS/Sun Life Massachusetts Investors Growth Series	05	2005	6.0078	6.1830	5,377,332
MFS/Sun Life Massachusetts Investors Growth Series	05	2004	5.5592	6.0078	6,238,492
MFS/Sun Life Massachusetts Investors Growth Series	05	2003	4.5694	5.5592	7,039,270
MFS/Sun Life Massachusetts Investors Growth Series	05	2002	6.4418	4.5694	7,600,871
MFS/Sun Life Massachusetts Investors Growth Series	05	2001	8.6997	6.4418	8,975,003
MFS/Sun Life Massachusetts Investors Growth Series	05	2000	10.0000	8.6997	0
MFS/Sun Life Massachusetts Investors Growth Series	06	2007	6.4999	7.1363	1,350,536
MFS/Sun Life Massachusetts Investors Growth Series	06	2006	6.1319	6.4999	1,467,452
MFS/Sun Life Massachusetts Investors Growth Series	06	2005	5.9672	6.1319	1,677,685
MFS/Sun Life Massachusetts Investors Growth Series	06	2004	5.5301	5.9672	1,896,782
MFS/Sun Life Massachusetts Investors Growth Series	06	2003	4.5524	5.5301	2,129,544
MFS/Sun Life Massachusetts Investors Growth Series	06	2002	6.4275	4.5524	2,217,096
MFS/Sun Life Massachusetts Investors Growth Series	06	2001	8.6939	6.4275	2,735,366
MFS/Sun Life Massachusetts Investors Growth Series	06	2000	10.0000	8.6939	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2007	10.0529	11.0729	7,278
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2006	9.4532	10.0529	9,668
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2005	9.1675	9.4532	22,783
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2004	8.4680	9.1675	30,216
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2003	6.9628	8.4680	32,727
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2002	9.7841	6.9628	25,610
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2001	10.0000	9.7841	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2007	9.9717	10.9667	359,156
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2006	9.3910	9.9717	353,837
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2005	9.1210	9.3910	405,299
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2004	8.4379	9.1210	440,008
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2003	6.9485	8.4379	484,851
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2002	9.7790	6.9485	474,378
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2001	10.0000	9.7790	127,984
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2007	9.9180	10.8965	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2006	9.3499	9.9180	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2005	9.0902	9.3499	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2004	8.4179	9.0902	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2003	6.9391	8.4179	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2002	9.7756	6.9391	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2001	10.0000	9.7756	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2007	9.8911	10.8615	281,687
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2006	9.3293	9.8911	297,468
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2005	9.0747	9.3293	327,400
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2004	8.4079	9.0747	369,707
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2003	6.9343	8.4079	420,037
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2002	9.7738	6.9343	398,428
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2001	10.0000	9.7738	136,909
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2007	9.8376	10.7917	289,289
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2006	9.2882	9.8376	283,344
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2005	9.0439	9.2882	331,368
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2004	8.3879	9.0439	383,120
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2003	6.9248	8.3879	400,408
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2002	9.7704	6.9248	392,836
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2001	10.0000	9.7704	119,150
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2007	9.7579	10.6879	463,102
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2006	9.2270	9.7579	484,106
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2005	8.9979	9.2270	560,673
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2004	8.3579	8.9979	630,417
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2003	6.9106	8.3579	722,103
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2002	9.7653	6.9106	587,666
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2001	10.0000	9.7653	180,720
MFS/Sun Life Mid Cap Growth Series	01	2007	5.8972	6.4126	0
MFS/Sun Life Mid Cap Growth Series	01	2006	5.8203	5.8972	0
MFS/Sun Life Mid Cap Growth Series	01	2005	5.7020	5.8203	0
MFS/Sun Life Mid Cap Growth Series	01	2004	5.0249	5.7020	0
MFS/Sun Life Mid Cap Growth Series	01	2003	3.6813	5.0249	0
MFS/Sun Life Mid Cap Growth Series	01	2002	7.0372	3.6813	0
MFS/Sun Life Mid Cap Growth Series	01	2001	9.2543	7.0372	0
MFS/Sun Life Mid Cap Growth Series	01	2000	10.0000	9.2543	0
MFS/Sun Life Mid Cap Growth Series	02	2007	5.8410	6.3419	333,324
MFS/Sun Life Mid Cap Growth Series	02	2006	5.7737	5.8410	431,320
MFS/Sun Life Mid Cap Growth Series	02	2005	5.6648	5.7737	459,506
MFS/Sun Life Mid Cap Growth Series	02	2004	4.9997	5.6648	461,018
MFS/Sun Life Mid Cap Growth Series	02	2003	3.6684	4.9997	480,684
MFS/Sun Life Mid Cap Growth Series	02	2002	7.0233	3.6684	395,585
MFS/Sun Life Mid Cap Growth Series	02	2001	9.2502	7.0233	432,823
MFS/Sun Life Mid Cap Growth Series	02	2000	10.0000	9.2502	0
MFS/Sun Life Mid Cap Growth Series	03	2007	5.8039	6.2952	48,220
MFS/Sun Life Mid Cap Growth Series	03	2006	5.7428	5.8039	52,011
MFS/Sun Life Mid Cap Growth Series	03	2005	5.6402	5.7428	139,075
MFS/Sun Life Mid Cap Growth Series	03	2004	4.9830	5.6402	152,486
MFS/Sun Life Mid Cap Growth Series	03	2003	3.6599	4.9830	178,258
MFS/Sun Life Mid Cap Growth Series	03	2002	7.0141	3.6599	86,130
MFS/Sun Life Mid Cap Growth Series	03	2001	9.2475	7.0141	166,380
MFS/Sun Life Mid Cap Growth Series	03	2000	10.0000	9.2475	0
MFS/Sun Life Mid Cap Growth Series	04	2007	5.7854	6.2719	441,394
MFS/Sun Life Mid Cap Growth Series	04	2006	5.7273	5.7854	617,836
MFS/Sun Life Mid Cap Growth Series	04	2005	5.6279	5.7273	787,096
MFS/Sun Life Mid Cap Growth Series	04	2004	4.9747	5.6279	953,545
MFS/Sun Life Mid Cap Growth Series	04	2003	3.6556	4.9747	991,837
MFS/Sun Life Mid Cap Growth Series	04	2002	7.0095	3.6556	765,488
MFS/Sun Life Mid Cap Growth Series	04	2001	9.2461	7.0095	759,584
MFS/Sun Life Mid Cap Growth Series	04	2000	10.0000	9.2461	0
MFS/Sun Life Mid Cap Growth Series	05	2007	5.7485	6.2255	823,996
MFS/Sun Life Mid Cap Growth Series	05	2006	5.6966	5.7485	1,056,522
MFS/Sun Life Mid Cap Growth Series	05	2005	5.6034	5.6966	1,256,731
MFS/Sun Life Mid Cap Growth Series	05	2004	4.9580	5.6034	1,403,084
MFS/Sun Life Mid Cap Growth Series	05	2003	3.6470	4.9580	1,359,098
MFS/Sun Life Mid Cap Growth Series	05	2002	7.0002	3.6470	1,074,028
MFS/Sun Life Mid Cap Growth Series	05	2001	9.2433	7.0002	1,086,103
MFS/Sun Life Mid Cap Growth Series	05	2000	10.0000	9.2433	0
MFS/Sun Life Mid Cap Growth Series	06	2007	5.6936	6.1567	380,079
MFS/Sun Life Mid Cap Growth Series	06	2006	5.6508	5.6936	449,606
MFS/Sun Life Mid Cap Growth Series	06	2005	5.5667	5.6508	456,382
MFS/Sun Life Mid Cap Growth Series	06	2004	4.9332	5.5667	528,517
MFS/Sun Life Mid Cap Growth Series	06	2003	3.6342	4.9332	465,925
MFS/Sun Life Mid Cap Growth Series	06	2002	6.9863	3.6342	394,996
MFS/Sun Life Mid Cap Growth Series	06	2001	9.2392	6.9863	430,207
MFS/Sun Life Mid Cap Growth Series	06	2000	10.0000	9.2392	0
MFS/Sun Life Mid Cap Growth Series S Class	01	2007	7.9974	8.6760	5,037
MFS/Sun Life Mid Cap Growth Series S Class	01	2006	7.9045	7.9974	6,904
MFS/Sun Life Mid Cap Growth Series S Class	01	2005	7.7683	7.9045	8,292
MFS/Sun Life Mid Cap Growth Series S Class	01	2004	6.8661	7.7683	10,253
MFS/Sun Life Mid Cap Growth Series S Class	01	2003	5.0501	6.8661	12,869
MFS/Sun Life Mid Cap Growth Series S Class	01	2002	9.6555	5.0501	23,575
MFS/Sun Life Mid Cap Growth Series S Class	01	2001	10.0000	9.6555	0
MFS/Sun Life Mid Cap Growth Series S Class	02	2007	7.9328	8.5928	238,452
MFS/Sun Life Mid Cap Growth Series S Class	02	2006	7.8524	7.9328	265,180
MFS/Sun Life Mid Cap Growth Series S Class	02	2005	7.7288	7.8524	265,474
MFS/Sun Life Mid Cap Growth Series S Class	02	2004	6.8416	7.7288	312,839
MFS/Sun Life Mid Cap Growth Series S Class	02	2003	5.0397	6.8416	365,969
MFS/Sun Life Mid Cap Growth Series S Class	02	2002	9.6504	5.0397	334,570
MFS/Sun Life Mid Cap Growth Series S Class	02	2001	10.0000	9.6504	68,340
MFS/Sun Life Mid Cap Growth Series S Class	03	2007	7.8900	8.5378	0
MFS/Sun Life Mid Cap Growth Series S Class	03	2006	7.8180	7.8900	0
MFS/Sun Life Mid Cap Growth Series S Class	03	2005	7.7027	7.8180	0
MFS/Sun Life Mid Cap Growth Series S Class	03	2004	6.8254	7.7027	0
MFS/Sun Life Mid Cap Growth Series S Class	03	2003	5.0329	6.8254	0
MFS/Sun Life Mid Cap Growth Series S Class	03	2002	9.6471	5.0329	0
MFS/Sun Life Mid Cap Growth Series S Class	03	2001	10.0000	9.6471	0
MFS/Sun Life Mid Cap Growth Series S Class	04	2007	7.8686	8.5103	174,557
MFS/Sun Life Mid Cap Growth Series S Class	04	2006	7.8007	7.8686	197,615
MFS/Sun Life Mid Cap Growth Series S Class	04	2005	7.6896	7.8007	209,972
MFS/Sun Life Mid Cap Growth Series S Class	04	2004	6.8173	7.6896	235,067
MFS/Sun Life Mid Cap Growth Series S Class	04	2003	5.0294	6.8173	223,375
MFS/Sun Life Mid Cap Growth Series S Class	04	2002	9.6454	5.0294	218,224
MFS/Sun Life Mid Cap Growth Series S Class	04	2001	10.0000	9.6454	58,436
MFS/Sun Life Mid Cap Growth Series S Class	05	2007	7.8261	8.4556	153,050
MFS/Sun Life Mid Cap Growth Series S Class	05	2006	7.7664	7.8261	184,970
MFS/Sun Life Mid Cap Growth Series S Class	05	2005	7.6635	7.7664	222,110
MFS/Sun Life Mid Cap Growth Series S Class	05	2004	6.8010	7.6635	266,087
MFS/Sun Life Mid Cap Growth Series S Class	05	2003	5.0225	6.8010	289,552
MFS/Sun Life Mid Cap Growth Series S Class	05	2002	9.6420	5.0225	296,162
MFS/Sun Life Mid Cap Growth Series S Class	05	2001	10.0000	9.6420	73,829
MFS/Sun Life Mid Cap Growth Series S Class	06	2007	7.7627	8.3743	190,541
MFS/Sun Life Mid Cap Growth Series S Class	06	2006	7.7152	7.7627	231,398
MFS/Sun Life Mid Cap Growth Series S Class	06	2005	7.6245	7.7152	282,688
MFS/Sun Life Mid Cap Growth Series S Class	06	2004	6.7768	7.6245	358,960
MFS/Sun Life Mid Cap Growth Series S Class	06	2003	5.0122	6.7768	413,368
MFS/Sun Life Mid Cap Growth Series S Class	06	2002	9.6369	5.0122	375,432
MFS/Sun Life Mid Cap Growth Series S Class	06	2001	10.0000	9.6369	97,209
MFS/Sun Life Mid Cap Value Series S Class	01	2007	14.4878	14.5727	0
MFS/Sun Life Mid Cap Value Series S Class	01	2006	13.1823	14.4878	0
MFS/Sun Life Mid Cap Value Series S Class	01	2005	12.3974	13.1823	0
MFS/Sun Life Mid Cap Value Series S Class	01	2004	10.2857	12.3974	0
MFS/Sun Life Mid Cap Value Series S Class	01	2003	7.8765	10.2857	0
MFS/Sun Life Mid Cap Value Series S Class	01	2002	10.0000	7.8765	0
MFS/Sun Life Mid Cap Value Series S Class	02	2007	14.3855	14.4477	41,122
MFS/Sun Life Mid Cap Value Series S Class	02	2006	13.1090	14.3855	39,287
MFS/Sun Life Mid Cap Value Series S Class	02	2005	12.3471	13.1090	73,623
MFS/Sun Life Mid Cap Value Series S Class	02	2004	10.2596	12.3471	69,805
MFS/Sun Life Mid Cap Value Series S Class	02	2003	7.8685	10.2596	23,831
MFS/Sun Life Mid Cap Value Series S Class	02	2002	10.0000	7.8685	11,063
MFS/Sun Life Mid Cap Value Series S Class	03	2007	14.3177	14.3651	0
MFS/Sun Life Mid Cap Value Series S Class	03	2006	13.0604	14.3177	0
MFS/Sun Life Mid Cap Value Series S Class	03	2005	12.3138	13.0604	0
MFS/Sun Life Mid Cap Value Series S Class	03	2004	10.2423	12.3138	0
MFS/Sun Life Mid Cap Value Series S Class	03	2003	7.8631	10.2423	0
MFS/Sun Life Mid Cap Value Series S Class	03	2002	10.0000	7.8631	0
MFS/Sun Life Mid Cap Value Series S Class	04	2007	14.2839	14.3238	21,260
MFS/Sun Life Mid Cap Value Series S Class	04	2006	13.0361	14.2839	22,723
MFS/Sun Life Mid Cap Value Series S Class	04	2005	12.2971	13.0361	22,181
MFS/Sun Life Mid Cap Value Series S Class	04	2004	10.2336	12.2971	15,132
MFS/Sun Life Mid Cap Value Series S Class	04	2003	7.8605	10.2336	6,334
MFS/Sun Life Mid Cap Value Series S Class	04	2002	10.0000	7.8605	380
MFS/Sun Life Mid Cap Value Series S Class	05	2007	14.2164	14.2416	30,479
MFS/Sun Life Mid Cap Value Series S Class	05	2006	12.9877	14.2164	27,564
MFS/Sun Life Mid Cap Value Series S Class	05	2005	12.2638	12.9877	17,105
MFS/Sun Life Mid Cap Value Series S Class	05	2004	10.2163	12.2638	19,118
MFS/Sun Life Mid Cap Value Series S Class	05	2003	7.8551	10.2163	13,380
MFS/Sun Life Mid Cap Value Series S Class	05	2002	10.0000	7.8551	4,030
MFS/Sun Life Mid Cap Value Series S Class	06	2007	14.1157	14.1191	76,276
MFS/Sun Life Mid Cap Value Series S Class	06	2006	12.9153	14.1157	68,056
MFS/Sun Life Mid Cap Value Series S Class	06	2005	12.2140	12.9153	72,039
MFS/Sun Life Mid Cap Value Series S Class	06	2004	10.1903	12.2140	52,662
MFS/Sun Life Mid Cap Value Series S Class	06	2003	7.8470	10.1903	28,831
MFS/Sun Life Mid Cap Value Series S Class	06	2002	10.0000	7.8470	3,925
MFS/Sun Life Money Market Series	01	2007	11.0359	11.4548	68,175
MFS/Sun Life Money Market Series	01	2006	10.6575	11.0359	68,175
MFS/Sun Life Money Market Series	01	2005	10.4798	10.6575	15,914
MFS/Sun Life Money Market Series	01	2004	10.4992	10.4798	15,914
MFS/Sun Life Money Market Series	01	2003	10.5389	10.4992	95,047
MFS/Sun Life Money Market Series	01	2002	10.5114	10.5389	155,666
MFS/Sun Life Money Market Series	01	2001	10.2311	10.5114	79,558
MFS/Sun Life Money Market Series	01	2000	10.0000	10.2311	0
MFS/Sun Life Money Market Series	02	2007	10.9284	11.3259	472,218
MFS/Sun Life Money Market Series	02	2006	10.5696	10.9284	470,450
MFS/Sun Life Money Market Series	02	2005	10.4092	10.5696	494,513
MFS/Sun Life Money Market Series	02	2004	10.4444	10.4092	571,103
MFS/Sun Life Money Market Series	02	2003	10.4998	10.4444	686,478
MFS/Sun Life Money Market Series	02	2002	10.4883	10.4998	993,214
MFS/Sun Life Money Market Series	02	2001	10.2242	10.4883	1,040,145
MFS/Sun Life Money Market Series	02	2000	10.0000	10.2242	0
MFS/Sun Life Money Market Series	03	2007	10.8574	11.2409	33,566
MFS/Sun Life Money Market Series	03	2006	10.5116	10.8574	12,103
MFS/Sun Life Money Market Series	03	2005	10.3624	10.5116	10,781
MFS/Sun Life Money Market Series	03	2004	10.4080	10.3624	79,067
MFS/Sun Life Money Market Series	03	2003	10.4738	10.4080	34,522
MFS/Sun Life Money Market Series	03	2002	10.4730	10.4738	36,712
MFS/Sun Life Money Market Series	03	2001	10.2197	10.4730	123,279
MFS/Sun Life Money Market Series	03	2000	10.0000	10.2197	0
MFS/Sun Life Money Market Series	04	2007	10.8220	11.1985	500,439
MFS/Sun Life Money Market Series	04	2006	10.4825	10.8220	436,329
MFS/Sun Life Money Market Series	04	2005	10.3391	10.4825	451,628
MFS/Sun Life Money Market Series	04	2004	10.3898	10.3391	439,703
MFS/Sun Life Money Market Series	04	2003	10.4608	10.3898	641,288
MFS/Sun Life Money Market Series	04	2002	10.4653	10.4608	1,204,430
MFS/Sun Life Money Market Series	04	2001	10.2174	10.4653	960,391
MFS/Sun Life Money Market Series	04	2000	10.0000	10.2174	0
MFS/Sun Life Money Market Series	05	2007	10.7514	11.1141	1,146,403
MFS/Sun Life Money Market Series	05	2006	10.4247	10.7514	837,499
MFS/Sun Life Money Market Series	05	2005	10.2924	10.4247	871,103
MFS/Sun Life Money Market Series	05	2004	10.3535	10.2924	988,142
MFS/Sun Life Money Market Series	05	2003	10.4349	10.3535	1,435,343
MFS/Sun Life Money Market Series	05	2002	10.4499	10.4349	2,229,770
MFS/Sun Life Money Market Series	05	2001	10.2127	10.4499	1,927,332
MFS/Sun Life Money Market Series	05	2000	10.0000	10.2127	0
MFS/Sun Life Money Market Series	06	2007	10.6464	10.9888	487,120
MFS/Sun Life Money Market Series	06	2006	10.3386	10.6464	488,418
MFS/Sun Life Money Market Series	06	2005	10.2229	10.3386	514,552
MFS/Sun Life Money Market Series	06	2004	10.2993	10.2229	608,476
MFS/Sun Life Money Market Series	06	2003	10.3960	10.2993	672,274
MFS/Sun Life Money Market Series	06	2002	10.4269	10.3960	1,078,038
MFS/Sun Life Money Market Series	06	2001	10.2059	10.4269	1,066,254
MFS/Sun Life Money Market Series	06	2000	10.0000	10.2059	0
MFS/Sun Life Money Market Series S Class	01	2007	10.4095	10.7776	5,328
MFS/Sun Life Money Market Series S Class	01	2006	10.0776	10.4095	6,577
MFS/Sun Life Money Market Series S Class	01	2005	9.9344	10.0776	10,136
MFS/Sun Life Money Market Series S Class	01	2004	9.9777	9.9344	14,033
MFS/Sun Life Money Market Series S Class	01	2003	10.0405	9.9777	17,847
MFS/Sun Life Money Market Series S Class	01	2002	10.0392	10.0405	24,442
MFS/Sun Life Money Market Series S Class	01	2001	10.0000	10.0392	0
MFS/Sun Life Money Market Series S Class	02	2007	10.3253	10.6742	141,055
MFS/Sun Life Money Market Series S Class	02	2006	10.0113	10.3253	131,903
MFS/Sun Life Money Market Series S Class	02	2005	9.8840	10.0113	156,675
MFS/Sun Life Money Market Series S Class	02	2004	9.9422	9.8840	155,811
MFS/Sun Life Money Market Series S Class	02	2003	10.0200	9.9422	271,380
MFS/Sun Life Money Market Series S Class	02	2002	10.0340	10.0200	418,388
MFS/Sun Life Money Market Series S Class	02	2001	10.0000	10.0340	191,267
MFS/Sun Life Money Market Series S Class	03	2007	10.2697	10.6059	0
MFS/Sun Life Money Market Series S Class	03	2006	9.9675	10.2697	0
MFS/Sun Life Money Market Series S Class	03	2005	9.8506	9.9675	0
MFS/Sun Life Money Market Series S Class	03	2004	9.9187	9.8506	0
MFS/Sun Life Money Market Series S Class	03	2003	10.0064	9.9187	0
MFS/Sun Life Money Market Series S Class	03	2002	10.0305	10.0064	0
MFS/Sun Life Money Market Series S Class	03	2001	10.0000	10.0305	0
MFS/Sun Life Money Market Series S Class	04	2007	10.2419	10.5718	88,697
MFS/Sun Life Money Market Series S Class	04	2006	9.9455	10.2419	90,774
MFS/Sun Life Money Market Series S Class	04	2005	9.8339	9.9455	104,239
MFS/Sun Life Money Market Series S Class	04	2004	9.9069	9.8339	125,722
MFS/Sun Life Money Market Series S Class	04	2003	9.9996	9.9069	164,909
MFS/Sun Life Money Market Series S Class	04	2002	10.0287	9.9996	218,882
MFS/Sun Life Money Market Series S Class	04	2001	10.0000	10.0287	49,528
MFS/Sun Life Money Market Series S Class	05	2007	10.1866	10.5040	149,920
MFS/Sun Life Money Market Series S Class	05	2006	9.9018	10.1866	129,351
MFS/Sun Life Money Market Series S Class	05	2005	9.8006	9.9018	144,880
MFS/Sun Life Money Market Series S Class	05	2004	9.8834	9.8006	173,396
MFS/Sun Life Money Market Series S Class	05	2003	9.9859	9.8834	279,830
MFS/Sun Life Money Market Series S Class	05	2002	10.0252	9.9859	218,587
MFS/Sun Life Money Market Series S Class	05	2001	10.0000	10.0252	141,647
MFS/Sun Life Money Market Series S Class	06	2007	10.1041	10.4030	216,760
MFS/Sun Life Money Market Series S Class	06	2006	9.8365	10.1041	252,663
MFS/Sun Life Money Market Series S Class	06	2005	9.7508	9.8365	249,504
MFS/Sun Life Money Market Series S Class	06	2004	9.8482	9.7508	235,310
MFS/Sun Life Money Market Series S Class	06	2003	9.9655	9.8482	289,189
MFS/Sun Life Money Market Series S Class	06	2002	10.0199	9.9655	617,199
MFS/Sun Life Money Market Series S Class	06	2001	10.0000	10.0199	130,909
MFS/Sun Life New Discovery Series	01	2007	8.8494	8.9846	41,024
MFS/Sun Life New Discovery Series	01	2006	7.8983	8.8494	38,049
MFS/Sun Life New Discovery Series	01	2005	7.5831	7.8983	53,443
MFS/Sun Life New Discovery Series	01	2004	7.1264	7.5831	54,287
MFS/Sun Life New Discovery Series	01	2003	5.3207	7.1264	40,136
MFS/Sun Life New Discovery Series	01	2002	8.0770	5.3207	43,608
MFS/Sun Life New Discovery Series	01	2001	8.5987	8.0770	50,623
MFS/Sun Life New Discovery Series	01	2000	10.0000	8.5987	0
MFS/Sun Life New Discovery Series	02	2007	8.7631	8.8834	482,947
MFS/Sun Life New Discovery Series	02	2006	7.8331	8.7631	647,495
MFS/Sun Life New Discovery Series	02	2005	7.5319	7.8331	711,348
MFS/Sun Life New Discovery Series	02	2004	7.0890	7.5319	787,454
MFS/Sun Life New Discovery Series	02	2003	5.3008	7.0890	822,989
MFS/Sun Life New Discovery Series	02	2002	8.0592	5.3008	901,138
MFS/Sun Life New Discovery Series	02	2001	8.5929	8.0592	831,360
MFS/Sun Life New Discovery Series	02	2000	10.0000	8.5929	0
MFS/Sun Life New Discovery Series	03	2007	8.7061	8.8166	143,541
MFS/Sun Life New Discovery Series	03	2006	7.7900	8.7061	139,990
MFS/Sun Life New Discovery Series	03	2005	7.4980	7.7900	150,848
MFS/Sun Life New Discovery Series	03	2004	7.0643	7.4980	152,016
MFS/Sun Life New Discovery Series	03	2003	5.2877	7.0643	206,314
MFS/Sun Life New Discovery Series	03	2002	8.0473	5.2877	182,505
MFS/Sun Life New Discovery Series	03	2001	8.5889	8.0473	152,692
MFS/Sun Life New Discovery Series	03	2000	10.0000	8.5889	0
MFS/Sun Life New Discovery Series	04	2007	8.6776	8.7833	444,127
MFS/Sun Life New Discovery Series	04	2006	7.7685	8.6776	537,575
MFS/Sun Life New Discovery Series	04	2005	7.4810	7.7685	630,313
MFS/Sun Life New Discovery Series	04	2004	7.0519	7.4810	765,837
MFS/Sun Life New Discovery Series	04	2003	5.2811	7.0519	813,036
MFS/Sun Life New Discovery Series	04	2002	8.0414	5.2811	834,639
MFS/Sun Life New Discovery Series	04	2001	8.5870	8.0414	944,749
MFS/Sun Life New Discovery Series	04	2000	10.0000	8.5870	0
MFS/Sun Life New Discovery Series	05	2007	8.6209	8.7170	1,155,988
MFS/Sun Life New Discovery Series	05	2006	7.7255	8.6209	1,388,427
MFS/Sun Life New Discovery Series	05	2005	7.4472	7.7255	1,603,535
MFS/Sun Life New Discovery Series	05	2004	7.0272	7.4472	1,875,631
MFS/Sun Life New Discovery Series	05	2003	5.2679	7.0272	1,960,188
MFS/Sun Life New Discovery Series	05	2002	8.0295	5.2679	2,151,269
MFS/Sun Life New Discovery Series	05	2001	8.5831	8.0295	2,219,924
MFS/Sun Life New Discovery Series	05	2000	10.0000	8.5831	0
MFS/Sun Life New Discovery Series	06	2007	8.5367	8.6186	500,328
MFS/Sun Life New Discovery Series	06	2006	7.6616	8.5367	585,474
MFS/Sun Life New Discovery Series	06	2005	7.3968	7.6616	670,955
MFS/Sun Life New Discovery Series	06	2004	6.9903	7.3968	755,691
MFS/Sun Life New Discovery Series	06	2003	5.2482	6.9903	772,874
MFS/Sun Life New Discovery Series	06	2002	8.0117	5.2482	858,897
MFS/Sun Life New Discovery Series	06	2001	8.5772	8.0117	862,726
MFS/Sun Life New Discovery Series	06	2000	10.0000	8.5772	0
MFS/Sun Life New Discovery Series S Class	01	2007	11.1646	11.3041	15,623
MFS/Sun Life New Discovery Series S Class	01	2006	9.9889	11.1646	14,837
MFS/Sun Life New Discovery Series S Class	01	2005	9.6131	9.9889	15,770
MFS/Sun Life New Discovery Series S Class	01	2004	9.0568	9.6131	15,136
MFS/Sun Life New Discovery Series S Class	01	2003	6.7759	9.0568	2,713
MFS/Sun Life New Discovery Series S Class	01	2002	10.3171	6.7759	8,240
MFS/Sun Life New Discovery Series S Class	01	2001	10.0000	10.3171	0
MFS/Sun Life New Discovery Series S Class	02	2007	11.0744	11.1956	216,145
MFS/Sun Life New Discovery Series S Class	02	2006	9.9232	11.0744	247,748
MFS/Sun Life New Discovery Series S Class	02	2005	9.5643	9.9232	265,460
MFS/Sun Life New Discovery Series S Class	02	2004	9.0246	9.5643	297,705
MFS/Sun Life New Discovery Series S Class	02	2003	6.7620	9.0246	308,150
MFS/Sun Life New Discovery Series S Class	02	2002	10.3117	6.7620	300,895
MFS/Sun Life New Discovery Series S Class	02	2001	10.0000	10.3117	61,550
MFS/Sun Life New Discovery Series S Class	03	2007	11.0147	11.1240	0
MFS/Sun Life New Discovery Series S Class	03	2006	9.8797	11.0147	0
MFS/Sun Life New Discovery Series S Class	03	2005	9.5319	9.8797	0
MFS/Sun Life New Discovery Series S Class	03	2004	9.0032	9.5319	0
MFS/Sun Life New Discovery Series S Class	03	2003	6.7528	9.0032	0
MFS/Sun Life New Discovery Series S Class	03	2002	10.3081	6.7528	0
MFS/Sun Life New Discovery Series S Class	03	2001	10.0000	10.3081	0
MFS/Sun Life New Discovery Series S Class	04	2007	10.9849	11.0882	139,742
MFS/Sun Life New Discovery Series S Class	04	2006	9.8579	10.9849	155,954
MFS/Sun Life New Discovery Series S Class	04	2005	9.5158	9.8579	185,129
MFS/Sun Life New Discovery Series S Class	04	2004	8.9925	9.5158	211,385
MFS/Sun Life New Discovery Series S Class	04	2003	6.7482	8.9925	196,675
MFS/Sun Life New Discovery Series S Class	04	2002	10.3063	6.7482	185,652
MFS/Sun Life New Discovery Series S Class	04	2001	10.0000	10.3063	54,538
MFS/Sun Life New Discovery Series S Class	05	2007	10.9255	11.0170	137,799
MFS/Sun Life New Discovery Series S Class	05	2006	9.8145	10.9255	148,804
MFS/Sun Life New Discovery Series S Class	05	2005	9.4835	9.8145	161,614
MFS/Sun Life New Discovery Series S Class	05	2004	8.9711	9.4835	200,261
MFS/Sun Life New Discovery Series S Class	05	2003	6.7389	8.9711	207,764
MFS/Sun Life New Discovery Series S Class	05	2002	10.3026	6.7389	228,753
MFS/Sun Life New Discovery Series S Class	05	2001	10.0000	10.3026	55,436
MFS/Sun Life New Discovery Series S Class	06	2007	10.8370	10.9110	255,466
MFS/Sun Life New Discovery Series S Class	06	2006	9.7498	10.8370	284,239
MFS/Sun Life New Discovery Series S Class	06	2005	9.4352	9.7498	315,113
MFS/Sun Life New Discovery Series S Class	06	2004	8.9391	9.4352	332,182
MFS/Sun Life New Discovery Series S Class	06	2003	6.7251	8.9391	354,100
MFS/Sun Life New Discovery Series S Class	06	2002	10.2972	6.7251	322,636
MFS/Sun Life New Discovery Series S Class	06	2001	10.0000	10.2972	90,756
MFS/Sun Life Research International Series	01	2007	14.7461	16.5178	0
MFS/Sun Life Research International Series	01	2006	11.6846	14.7461	0
MFS/Sun Life Research International Series	01	2005	10.1254	11.6846	0
MFS/Sun Life Research International Series	01	2004	8.4389	10.1254	0
MFS/Sun Life Research International Series	01	2003	6.3680	8.4389	0
MFS/Sun Life Research International Series	01	2002	7.2666	6.3680	0
MFS/Sun Life Research International Series	01	2001	8.9251	7.2666	0
MFS/Sun Life Research International Series	01	2000	10.0000	8.9251	0
MFS/Sun Life Research International Series	02	2007	14.6023	16.3318	230,527
MFS/Sun Life Research International Series	02	2006	11.5882	14.6023	314,721
MFS/Sun Life Research International Series	02	2005	10.0570	11.5882	292,282
MFS/Sun Life Research International Series	02	2004	8.3947	10.0570	295,629
MFS/Sun Life Research International Series	02	2003	6.3442	8.3947	313,117
MFS/Sun Life Research International Series	02	2002	7.2505	6.3442	344,106
MFS/Sun Life Research International Series	02	2001	8.9190	7.2505	350,771
MFS/Sun Life Research International Series	02	2000	10.0000	8.9190	0
MFS/Sun Life Research International Series	03	2007	14.5073	16.2091	105,991
MFS/Sun Life Research International Series	03	2006	11.5244	14.5073	114,279
MFS/Sun Life Research International Series	03	2005	10.0118	11.5244	113,913
MFS/Sun Life Research International Series	03	2004	8.3654	10.0118	114,859
MFS/Sun Life Research International Series	03	2003	6.3285	8.3654	108,984
MFS/Sun Life Research International Series	03	2002	7.2398	6.3285	137,859
MFS/Sun Life Research International Series	03	2001	8.9149	7.2398	140,166
MFS/Sun Life Research International Series	03	2000	10.0000	8.9149	0
MFS/Sun Life Research International Series	04	2007	14.4599	16.1479	249,765
MFS/Sun Life Research International Series	04	2006	11.4926	14.4599	293,496
MFS/Sun Life Research International Series	04	2005	9.9891	11.4926	270,989
MFS/Sun Life Research International Series	04	2004	8.3507	9.9891	291,474
MFS/Sun Life Research International Series	04	2003	6.3206	8.3507	289,102
MFS/Sun Life Research International Series	04	2002	7.2345	6.3206	313,175
MFS/Sun Life Research International Series	04	2001	8.9129	7.2345	421,744
MFS/Sun Life Research International Series	04	2000	10.0000	8.9129	0
MFS/Sun Life Research International Series	05	2007	14.3655	16.0261	731,299
MFS/Sun Life Research International Series	05	2006	11.4291	14.3655	871,731
MFS/Sun Life Research International Series	05	2005	9.9441	11.4291	889,565
MFS/Sun Life Research International Series	05	2004	8.3215	9.9441	964,759
MFS/Sun Life Research International Series	05	2003	6.3049	8.3215	891,768
MFS/Sun Life Research International Series	05	2002	7.2238	6.3049	1,037,328
MFS/Sun Life Research International Series	05	2001	8.9088	7.2238	1,130,011
MFS/Sun Life Research International Series	05	2000	10.0000	8.9088	0
MFS/Sun Life Research International Series	06	2007	14.2251	15.8453	207,488
MFS/Sun Life Research International Series	06	2006	11.3346	14.2251	232,659
MFS/Sun Life Research International Series	06	2005	9.8768	11.3346	222,139
MFS/Sun Life Research International Series	06	2004	8.2778	9.8768	242,633
MFS/Sun Life Research International Series	06	2003	6.2813	8.2778	228,023
MFS/Sun Life Research International Series	06	2002	7.2078	6.2813	240,893
MFS/Sun Life Research International Series	06	2001	8.9027	7.2078	270,557
MFS/Sun Life Research International Series	06	2000	10.0000	8.9027	0
MFS/Sun Life Research International Series S Class	01	2007	18.9066	21.1138	9,073
MFS/Sun Life Research International Series S Class	01	2006	15.0071	18.9066	10,195
MFS/Sun Life Research International Series S Class	01	2005	13.0458	15.0071	0
MFS/Sun Life Research International Series S Class	01	2004	10.8944	13.0458	0
MFS/Sun Life Research International Series S Class	01	2003	8.2488	10.8944	0
MFS/Sun Life Research International Series S Class	01	2002	9.4289	8.2488	0
MFS/Sun Life Research International Series S Class	01	2001	10.0000	9.4289	0
MFS/Sun Life Research International Series S Class	02	2007	18.7539	20.9113	74,719
MFS/Sun Life Research International Series S Class	02	2006	14.9084	18.7539	72,971
MFS/Sun Life Research International Series S Class	02	2005	12.9797	14.9084	62,908
MFS/Sun Life Research International Series S Class	02	2004	10.8557	12.9797	65,095
MFS/Sun Life Research International Series S Class	02	2003	8.2320	10.8557	63,566
MFS/Sun Life Research International Series S Class	02	2002	9.4240	8.2320	66,801
MFS/Sun Life Research International Series S Class	02	2001	10.0000	9.4240	19,725
MFS/Sun Life Research International Series S Class	03	2007	18.6529	20.7776	0
MFS/Sun Life Research International Series S Class	03	2006	14.8431	18.6529	0
MFS/Sun Life Research International Series S Class	03	2005	12.9358	14.8431	0
MFS/Sun Life Research International Series S Class	03	2004	10.8299	12.9358	0
MFS/Sun Life Research International Series S Class	03	2003	8.2208	10.8299	0
MFS/Sun Life Research International Series S Class	03	2002	9.4207	8.2208	0
MFS/Sun Life Research International Series S Class	03	2001	10.0000	9.4207	0
MFS/Sun Life Research International Series S Class	04	2007	18.6024	20.7107	48,449
MFS/Sun Life Research International Series S Class	04	2006	14.8104	18.6024	56,175
MFS/Sun Life Research International Series S Class	04	2005	12.9138	14.8104	49,089
MFS/Sun Life Research International Series S Class	04	2004	10.8171	12.9138	49,898
MFS/Sun Life Research International Series S Class	04	2003	8.2151	10.8171	47,960
MFS/Sun Life Research International Series S Class	04	2002	9.4190	8.2151	51,543
MFS/Sun Life Research International Series S Class	04	2001	10.0000	9.4190	16,135
MFS/Sun Life Research International Series S Class	05	2007	18.5019	20.5779	46,803
MFS/Sun Life Research International Series S Class	05	2006	14.7452	18.5019	49,450
MFS/Sun Life Research International Series S Class	05	2005	12.8701	14.7452	54,907
MFS/Sun Life Research International Series S Class	05	2004	10.7913	12.8701	45,407
MFS/Sun Life Research International Series S Class	05	2003	8.2039	10.7913	44,321
MFS/Sun Life Research International Series S Class	05	2002	9.4157	8.2039	42,071
MFS/Sun Life Research International Series S Class	05	2001	10.0000	9.4157	20,121
MFS/Sun Life Research International Series S Class	06	2007	18.3520	20.3800	75,435
MFS/Sun Life Research International Series S Class	06	2006	14.6480	18.3520	81,846
MFS/Sun Life Research International Series S Class	06	2005	12.8046	14.6480	90,862
MFS/Sun Life Research International Series S Class	06	2004	10.7529	12.8046	109,294
MFS/Sun Life Research International Series S Class	06	2003	8.1871	10.7529	101,340
MFS/Sun Life Research International Series S Class	06	2002	9.4108	8.1871	100,324
MFS/Sun Life Research International Series S Class	06	2001	10.0000	9.4108	33,370
MFS/Sun Life Research Series	01	2007	8.5363	9.5692	0
MFS/Sun Life Research Series	01	2006	7.7990	8.5363	0
MFS/Sun Life Research Series	01	2005	7.2935	7.7990	0
MFS/Sun Life Research Series	01	2004	6.3605	7.2935	0
MFS/Sun Life Research Series	01	2003	5.1267	6.3605	0
MFS/Sun Life Research Series	01	2002	6.9178	5.1267	0
MFS/Sun Life Research Series	01	2001	8.8897	6.9178	0
MFS/Sun Life Research Series	01	2000	10.0000	8.8897	0
MFS/Sun Life Research Series	02	2007	8.4532	9.4616	409,921
MFS/Sun Life Research Series	02	2006	7.7348	8.4532	510,829
MFS/Sun Life Research Series	02	2005	7.2444	7.7348	579,190
MFS/Sun Life Research Series	02	2004	6.3274	7.2444	666,854
MFS/Sun Life Research Series	02	2003	5.1077	6.3274	717,774
MFS/Sun Life Research Series	02	2002	6.9027	5.1077	795,644
MFS/Sun Life Research Series	02	2001	8.8839	6.9027	861,345
MFS/Sun Life Research Series	02	2000	10.0000	8.8839	0
MFS/Sun Life Research Series	03	2007	8.3984	9.3907	127,454
MFS/Sun Life Research Series	03	2006	7.6924	8.3984	96,121
MFS/Sun Life Research Series	03	2005	7.2120	7.6924	104,130
MFS/Sun Life Research Series	03	2004	6.3054	7.2120	110,781
MFS/Sun Life Research Series	03	2003	5.0951	6.3054	148,142
MFS/Sun Life Research Series	03	2002	6.8926	5.0951	148,700
MFS/Sun Life Research Series	03	2001	8.8800	6.8926	147,430
MFS/Sun Life Research Series	03	2000	10.0000	8.8800	0
MFS/Sun Life Research Series	04	2007	8.3710	9.3553	465,748
MFS/Sun Life Research Series	04	2006	7.6712	8.3710	601,929
MFS/Sun Life Research Series	04	2005	7.1957	7.6712	689,941
MFS/Sun Life Research Series	04	2004	6.2944	7.1957	782,681
MFS/Sun Life Research Series	04	2003	5.0888	6.2944	874,612
MFS/Sun Life Research Series	04	2002	6.8876	5.0888	982,767
MFS/Sun Life Research Series	04	2001	8.8780	6.8876	1,230,426
MFS/Sun Life Research Series	04	2000	10.0000	8.8780	0
MFS/Sun Life Research Series	05	2007	8.3165	9.2850	1,024,798
MFS/Sun Life Research Series	05	2006	7.6290	8.3165	1,286,842
MFS/Sun Life Research Series	05	2005	7.1634	7.6290	1,505,554
MFS/Sun Life Research Series	05	2004	6.2725	7.1634	1,674,690
MFS/Sun Life Research Series	05	2003	5.0763	6.2725	1,880,715
MFS/Sun Life Research Series	05	2002	6.8776	5.0763	2,050,835
MFS/Sun Life Research Series	05	2001	8.8742	6.8776	2,382,899
MFS/Sun Life Research Series	05	2000	10.0000	8.8742	0
MFS/Sun Life Research Series	06	2007	8.2355	9.1804	411,660
MFS/Sun Life Research Series	06	2006	7.5661	8.2355	505,030
MFS/Sun Life Research Series	06	2005	7.1151	7.5661	587,383
MFS/Sun Life Research Series	06	2004	6.2398	7.1151	657,509
MFS/Sun Life Research Series	06	2003	5.0574	6.2398	744,065
MFS/Sun Life Research Series	06	2002	6.8625	5.0574	783,524
MFS/Sun Life Research Series	06	2001	8.8684	6.8625	967,476
MFS/Sun Life Research Series	06	2000	10.0000	8.8684	0
MFS/Sun Life Research Series S Class	01	2007	11.7683	13.1608	0
MFS/Sun Life Research Series S Class	01	2006	10.7749	11.7683	0
MFS/Sun Life Research Series S Class	01	2005	10.1045	10.7749	0
MFS/Sun Life Research Series S Class	01	2004	8.8341	10.1045	0
MFS/Sun Life Research Series S Class	01	2003	7.1379	8.8341	0
MFS/Sun Life Research Series S Class	01	2002	9.6588	7.1379	0
MFS/Sun Life Research Series S Class	01	2001	10.0000	9.6588	0
MFS/Sun Life Research Series S Class	02	2007	11.6732	13.0345	89,142
MFS/Sun Life Research Series S Class	02	2006	10.7041	11.6732	120,205
MFS/Sun Life Research Series S Class	02	2005	10.0533	10.7041	138,780
MFS/Sun Life Research Series S Class	02	2004	8.8027	10.0533	139,745
MFS/Sun Life Research Series S Class	02	2003	7.1233	8.8027	150,722
MFS/Sun Life Research Series S Class	02	2002	9.6537	7.1233	135,114
MFS/Sun Life Research Series S Class	02	2001	10.0000	9.6537	49,443
MFS/Sun Life Research Series S Class	03	2007	11.6103	12.9511	0
MFS/Sun Life Research Series S Class	03	2006	10.6571	11.6103	0
MFS/Sun Life Research Series S Class	03	2005	10.0193	10.6571	0
MFS/Sun Life Research Series S Class	03	2004	8.7818	10.0193	0
MFS/Sun Life Research Series S Class	03	2003	7.1136	8.7818	0
MFS/Sun Life Research Series S Class	03	2002	9.6503	7.1136	0
MFS/Sun Life Research Series S Class	03	2001	10.0000	9.6503	0
MFS/Sun Life Research Series S Class	04	2007	11.5789	12.9095	36,330
MFS/Sun Life Research Series S Class	04	2006	10.6337	11.5789	47,126
MFS/Sun Life Research Series S Class	04	2005	10.0023	10.6337	53,780
MFS/Sun Life Research Series S Class	04	2004	8.7714	10.0023	60,824
MFS/Sun Life Research Series S Class	04	2003	7.1088	8.7714	59,931
MFS/Sun Life Research Series S Class	04	2002	9.6486	7.1088	55,570
MFS/Sun Life Research Series S Class	04	2001	10.0000	9.6486	13,838
MFS/Sun Life Research Series S Class	05	2007	11.5163	12.8266	53,155
MFS/Sun Life Research Series S Class	05	2006	10.5869	11.5163	65,679
MFS/Sun Life Research Series S Class	05	2005	9.9683	10.5869	81,295
MFS/Sun Life Research Series S Class	05	2004	8.7505	9.9683	90,676
MFS/Sun Life Research Series S Class	05	2003	7.0991	8.7505	88,134
MFS/Sun Life Research Series S Class	05	2002	9.6452	7.0991	91,700
MFS/Sun Life Research Series S Class	05	2001	10.0000	9.6452	34,917
MFS/Sun Life Research Series S Class	06	2007	11.4230	12.7032	80,726
MFS/Sun Life Research Series S Class	06	2006	10.5171	11.4230	86,479
MFS/Sun Life Research Series S Class	06	2005	9.9176	10.5171	111,640
MFS/Sun Life Research Series S Class	06	2004	8.7193	9.9176	130,877
MFS/Sun Life Research Series S Class	06	2003	7.0845	8.7193	129,237
MFS/Sun Life Research Series S Class	06	2002	9.6402	7.0845	132,203
MFS/Sun Life Research Series S Class	06	2001	10.0000	9.6402	35,256
MFS/Sun Life Strategic Growth Series	01	2007	6.1933	10.0000	0
MFS/Sun Life Strategic Growth Series	01	2006	5.8695	6.1933	55,610
MFS/Sun Life Strategic Growth Series	01	2005	5.8467	5.8695	55,610
MFS/Sun Life Strategic Growth Series	01	2004	5.5286	5.8467	55,610
MFS/Sun Life Strategic Growth Series	01	2003	4.3788	5.5286	82,417
MFS/Sun Life Strategic Growth Series	01	2002	6.3278	4.3788	83,029
MFS/Sun Life Strategic Growth Series	01	2001	8.4812	6.3278	82,700
MFS/Sun Life Strategic Growth Series	01	2000	10.0000	8.4812	0
MFS/Sun Life Strategic Growth Series	02	2007	6.1331	10.0000	0
MFS/Sun Life Strategic Growth Series	02	2006	5.8212	6.1331	233,053
MFS/Sun Life Strategic Growth Series	02	2005	5.8075	5.8212	236,639
MFS/Sun Life Strategic Growth Series	02	2004	5.4999	5.8075	263,245
MFS/Sun Life Strategic Growth Series	02	2003	4.3627	5.4999	303,661
MFS/Sun Life Strategic Growth Series	02	2002	6.3140	4.3627	303,300
MFS/Sun Life Strategic Growth Series	02	2001	8.4757	6.3140	422,408
MFS/Sun Life Strategic Growth Series	02	2000	10.0000	8.4757	0
MFS/Sun Life Strategic Growth Series	03	2007	6.0934	10.0000	0
MFS/Sun Life Strategic Growth Series	03	2006	5.7893	6.0934	20,224
MFS/Sun Life Strategic Growth Series	03	2005	5.7815	5.7893	37,710
MFS/Sun Life Strategic Growth Series	03	2004	5.4808	5.7815	40,954
MFS/Sun Life Strategic Growth Series	03	2003	4.3519	5.4808	50,246
MFS/Sun Life Strategic Growth Series	03	2002	6.3048	4.3519	51,927
MFS/Sun Life Strategic Growth Series	03	2001	8.4721	6.3048	53,513
MFS/Sun Life Strategic Growth Series	03	2000	10.0000	8.4721	0
MFS/Sun Life Strategic Growth Series	04	2007	6.0735	10.0000	0
MFS/Sun Life Strategic Growth Series	04	2006	5.7734	6.0735	308,645
MFS/Sun Life Strategic Growth Series	04	2005	5.7685	5.7734	333,700
MFS/Sun Life Strategic Growth Series	04	2004	5.4712	5.7685	412,274
MFS/Sun Life Strategic Growth Series	04	2003	4.3465	5.4712	500,308
MFS/Sun Life Strategic Growth Series	04	2002	6.3002	4.3465	449,571
MFS/Sun Life Strategic Growth Series	04	2001	8.4702	6.3002	569,841
MFS/Sun Life Strategic Growth Series	04	2000	10.0000	8.4702	0
MFS/Sun Life Strategic Growth Series	05	2007	6.0340	10.0000	0
MFS/Sun Life Strategic Growth Series	05	2006	5.7416	6.0340	599,347
MFS/Sun Life Strategic Growth Series	05	2005	5.7425	5.7416	775,988
MFS/Sun Life Strategic Growth Series	05	2004	5.4522	5.7425	889,030
MFS/Sun Life Strategic Growth Series	05	2003	4.3358	5.4522	957,361
MFS/Sun Life Strategic Growth Series	05	2002	6.2911	4.3358	1,022,810
MFS/Sun Life Strategic Growth Series	05	2001	8.4666	6.2911	1,322,478
MFS/Sun Life Strategic Growth Series	05	2000	10.0000	8.4666	0
MFS/Sun Life Strategic Growth Series	06	2007	5.9752	10.0000	0
MFS/Sun Life Strategic Growth Series	06	2006	5.6943	5.9752	195,913
MFS/Sun Life Strategic Growth Series	06	2005	5.7039	5.6943	209,155
MFS/Sun Life Strategic Growth Series	06	2004	5.4238	5.7039	277,064
MFS/Sun Life Strategic Growth Series	06	2003	4.3198	5.4238	300,915
MFS/Sun Life Strategic Growth Series	06	2002	6.2774	4.3198	304,685
MFS/Sun Life Strategic Growth Series	06	2001	8.4611	6.2774	367,868
MFS/Sun Life Strategic Growth Series	06	2000	10.0000	8.4611	0
MFS/Sun Life Strategic Growth Series S Class	01	2007	9.4419	10.0000	0
MFS/Sun Life Strategic Growth Series S Class	01	2006	8.9657	9.4419	0
MFS/Sun Life Strategic Growth Series S Class	01	2005	8.9511	8.9657	0
MFS/Sun Life Strategic Growth Series S Class	01	2004	8.4833	8.9511	5,954
MFS/Sun Life Strategic Growth Series S Class	01	2003	6.7447	8.4833	5,954
MFS/Sun Life Strategic Growth Series S Class	01	2002	9.7529	6.7447	5,954
MFS/Sun Life Strategic Growth Series S Class	01	2001	10.0000	9.7529	0
MFS/Sun Life Strategic Growth Series S Class	02	2007	9.3656	10.0000	0
MFS/Sun Life Strategic Growth Series S Class	02	2006	8.9068	9.3656	45,465
MFS/Sun Life Strategic Growth Series S Class	02	2005	8.9057	8.9068	60,971
MFS/Sun Life Strategic Growth Series S Class	02	2004	8.4532	8.9057	80,528
MFS/Sun Life Strategic Growth Series S Class	02	2003	6.7309	8.4532	80,260
MFS/Sun Life Strategic Growth Series S Class	02	2002	9.7478	6.7309	66,770
MFS/Sun Life Strategic Growth Series S Class	02	2001	10.0000	9.7478	21,985
MFS/Sun Life Strategic Growth Series S Class	03	2007	9.3151	10.0000	0
MFS/Sun Life Strategic Growth Series S Class	03	2006	8.8677	9.3151	0
MFS/Sun Life Strategic Growth Series S Class	03	2005	8.8756	8.8677	0
MFS/Sun Life Strategic Growth Series S Class	03	2004	8.4331	8.8756	0
MFS/Sun Life Strategic Growth Series S Class	03	2003	6.7217	8.4331	0
MFS/Sun Life Strategic Growth Series S Class	03	2002	9.7443	6.7217	0
MFS/Sun Life Strategic Growth Series S Class	03	2001	10.0000	9.7443	0
MFS/Sun Life Strategic Growth Series S Class	04	2007	9.2899	10.0000	0
MFS/Sun Life Strategic Growth Series S Class	04	2006	8.8481	9.2899	35,739
MFS/Sun Life Strategic Growth Series S Class	04	2005	8.8605	8.8481	45,288
MFS/Sun Life Strategic Growth Series S Class	04	2004	8.4231	8.8605	59,789
MFS/Sun Life Strategic Growth Series S Class	04	2003	6.7171	8.4231	64,115
MFS/Sun Life Strategic Growth Series S Class	04	2002	9.7426	6.7171	55,272
MFS/Sun Life Strategic Growth Series S Class	04	2001	10.0000	9.7426	19,052
MFS/Sun Life Strategic Growth Series S Class	05	2007	9.2396	10.0000	0
MFS/Sun Life Strategic Growth Series S Class	05	2006	8.8092	9.2396	75,378
MFS/Sun Life Strategic Growth Series S Class	05	2005	8.8304	8.8092	83,102
MFS/Sun Life Strategic Growth Series S Class	05	2004	8.4030	8.8304	90,929
MFS/Sun Life Strategic Growth Series S Class	05	2003	6.7079	8.4030	78,869
MFS/Sun Life Strategic Growth Series S Class	05	2002	9.7392	6.7079	71,839
MFS/Sun Life Strategic Growth Series S Class	05	2001	10.0000	9.7392	23,520
MFS/Sun Life Strategic Growth Series S Class	06	2007	9.1648	10.0000	0
MFS/Sun Life Strategic Growth Series S Class	06	2006	8.7511	9.1648	71,411
MFS/Sun Life Strategic Growth Series S Class	06	2005	8.7855	8.7511	87,497
MFS/Sun Life Strategic Growth Series S Class	06	2004	8.3731	8.7855	93,975
MFS/Sun Life Strategic Growth Series S Class	06	2003	6.6942	8.3731	125,280
MFS/Sun Life Strategic Growth Series S Class	06	2002	9.7341	6.6942	109,601
MFS/Sun Life Strategic Growth Series S Class	06	2001	10.0000	9.7341	29,775
MFS/Sun Life Strategic Income Series	01	2007	13.9376	14.2787	0
MFS/Sun Life Strategic Income Series	01	2006	13.1927	13.9376	0
MFS/Sun Life Strategic Income Series	01	2005	13.0786	13.1927	0
MFS/Sun Life Strategic Income Series	01	2004	12.2276	13.0786	0
MFS/Sun Life Strategic Income Series	01	2003	10.9410	12.2276	0
MFS/Sun Life Strategic Income Series	01	2002	10.2817	10.9410	0
MFS/Sun Life Strategic Income Series	01	2001	10.0495	10.2817	24,506
MFS/Sun Life Strategic Income Series	01	2000	10.0000	10.0495	0
MFS/Sun Life Strategic Income Series	02	2007	13.8024	14.1185	131,825
MFS/Sun Life Strategic Income Series	02	2006	13.0845	13.8024	135,954
MFS/Sun Life Strategic Income Series	02	2005	12.9909	13.0845	156,874
MFS/Sun Life Strategic Income Series	02	2004	12.1641	12.9909	158,087
MFS/Sun Life Strategic Income Series	02	2003	10.9007	12.1641	166,494
MFS/Sun Life Strategic Income Series	02	2002	10.2595	10.9007	153,378
MFS/Sun Life Strategic Income Series	02	2001	10.0430	10.2595	162,361
MFS/Sun Life Strategic Income Series	02	2000	10.0000	10.0430	0
MFS/Sun Life Strategic Income Series	03	2007	13.7130	14.0128	80,062
MFS/Sun Life Strategic Income Series	03	2006	13.0129	13.7130	65,317
MFS/Sun Life Strategic Income Series	03	2005	12.9329	13.0129	64,818
MFS/Sun Life Strategic Income Series	03	2004	12.1220	12.9329	68,460
MFS/Sun Life Strategic Income Series	03	2003	10.8740	12.1220	83,758
MFS/Sun Life Strategic Income Series	03	2002	10.2447	10.8740	97,924
MFS/Sun Life Strategic Income Series	03	2001	10.0387	10.2447	28,890
MFS/Sun Life Strategic Income Series	03	2000	10.0000	10.0387	0
MFS/Sun Life Strategic Income Series	04	2007	13.6684	13.9601	170,119
MFS/Sun Life Strategic Income Series	04	2006	12.9771	13.6684	205,606
MFS/Sun Life Strategic Income Series	04	2005	12.9039	12.9771	208,742
MFS/Sun Life Strategic Income Series	04	2004	12.1010	12.9039	219,512
MFS/Sun Life Strategic Income Series	04	2003	10.8606	12.1010	239,678
MFS/Sun Life Strategic Income Series	04	2002	10.2373	10.8606	229,678
MFS/Sun Life Strategic Income Series	04	2001	10.0366	10.2373	189,968
MFS/Sun Life Strategic Income Series	04	2000	10.0000	10.0366	0
MFS/Sun Life Strategic Income Series	05	2007	13.5796	13.8553	326,878
MFS/Sun Life Strategic Income Series	05	2006	12.9058	13.5796	367,056
MFS/Sun Life Strategic Income Series	05	2005	12.8460	12.9058	376,926
MFS/Sun Life Strategic Income Series	05	2004	12.0590	12.8460	396,767
MFS/Sun Life Strategic Income Series	05	2003	10.8339	12.0590	439,995
MFS/Sun Life Strategic Income Series	05	2002	10.2225	10.8339	389,997
MFS/Sun Life Strategic Income Series	05	2001	10.0323	10.2225	338,348
MFS/Sun Life Strategic Income Series	05	2000	10.0000	10.0323	0
MFS/Sun Life Strategic Income Series	06	2007	13.4475	13.6995	127,769
MFS/Sun Life Strategic Income Series	06	2006	12.7997	13.4475	135,193
MFS/Sun Life Strategic Income Series	06	2005	12.7597	12.7997	148,897
MFS/Sun Life Strategic Income Series	06	2004	11.9962	12.7597	163,427
MFS/Sun Life Strategic Income Series	06	2003	10.7940	11.9962	156,596
MFS/Sun Life Strategic Income Series	06	2002	10.2003	10.7940	139,701
MFS/Sun Life Strategic Income Series	06	2001	10.0259	10.2003	94,466
MFS/Sun Life Strategic Income Series	06	2000	10.0000	10.0259	0
MFS/Sun Life Strategic Income Series S Class	01	2007	13.5062	13.8030	0
MFS/Sun Life Strategic Income Series S Class	01	2006	12.8155	13.5062	0
MFS/Sun Life Strategic Income Series S Class	01	2005	12.7398	12.8155	0
MFS/Sun Life Strategic Income Series S Class	01	2004	11.9344	12.7398	0
MFS/Sun Life Strategic Income Series S Class	01	2003	10.7177	11.9344	0
MFS/Sun Life Strategic Income Series S Class	01	2002	10.0943	10.7177	0
MFS/Sun Life Strategic Income Series S Class	01	2001	10.0000	10.0943	0
MFS/Sun Life Strategic Income Series S Class	02	2007	13.3971	13.6707	117,473
MFS/Sun Life Strategic Income Series S Class	02	2006	12.7313	13.3971	110,226
MFS/Sun Life Strategic Income Series S Class	02	2005	12.6752	12.7313	124,470
MFS/Sun Life Strategic Income Series S Class	02	2004	11.8920	12.6752	130,079
MFS/Sun Life Strategic Income Series S Class	02	2003	10.6958	11.8920	150,240
MFS/Sun Life Strategic Income Series S Class	02	2002	10.0890	10.6958	122,526
MFS/Sun Life Strategic Income Series S Class	02	2001	10.0000	10.0890	39,804
MFS/Sun Life Strategic Income Series S Class	03	2007	13.3249	13.5832	0
MFS/Sun Life Strategic Income Series S Class	03	2006	12.6754	13.3249	0
MFS/Sun Life Strategic Income Series S Class	03	2005	12.6323	12.6754	0
MFS/Sun Life Strategic Income Series S Class	03	2004	11.8638	12.6323	0
MFS/Sun Life Strategic Income Series S Class	03	2003	10.6813	11.8638	0
MFS/Sun Life Strategic Income Series S Class	03	2002	10.0855	10.6813	0
MFS/Sun Life Strategic Income Series S Class	03	2001	10.0000	10.0855	0
MFS/Sun Life Strategic Income Series S Class	04	2007	13.2888	13.5395	92,917
MFS/Sun Life Strategic Income Series S Class	04	2006	12.6476	13.2888	73,415
MFS/Sun Life Strategic Income Series S Class	04	2005	12.6109	12.6476	88,506
MFS/Sun Life Strategic Income Series S Class	04	2004	11.8497	12.6109	78,301
MFS/Sun Life Strategic Income Series S Class	04	2003	10.6740	11.8497	100,898
MFS/Sun Life Strategic Income Series S Class	04	2002	10.0837	10.6740	91,947
MFS/Sun Life Strategic Income Series S Class	04	2001	10.0000	10.0837	28,064
MFS/Sun Life Strategic Income Series S Class	05	2007	13.2170	13.4526	55,124
MFS/Sun Life Strategic Income Series S Class	05	2006	12.5919	13.2170	53,337
MFS/Sun Life Strategic Income Series S Class	05	2005	12.5681	12.5919	56,324
MFS/Sun Life Strategic Income Series S Class	05	2004	11.8216	12.5681	54,074
MFS/Sun Life Strategic Income Series S Class	05	2003	10.6594	11.8216	62,544
MFS/Sun Life Strategic Income Series S Class	05	2002	10.0802	10.6594	69,454
MFS/Sun Life Strategic Income Series S Class	05	2001	10.0000	10.0802	23,559
MFS/Sun Life Strategic Income Series S Class	06	2007	13.1100	13.3233	98,943
MFS/Sun Life Strategic Income Series S Class	06	2006	12.5089	13.1100	112,056
MFS/Sun Life Strategic Income Series S Class	06	2005	12.5043	12.5089	145,003
MFS/Sun Life Strategic Income Series S Class	06	2004	11.7795	12.5043	197,070
MFS/Sun Life Strategic Income Series S Class	06	2003	10.6376	11.7795	126,815
MFS/Sun Life Strategic Income Series S Class	06	2002	10.0749	10.6376	109,164
MFS/Sun Life Strategic Income Series S Class	06	2001	10.0000	10.0749	28,762
MFS/Sun Life Strategic Value Series S Class	01	2007	12.7529	12.2937	0
MFS/Sun Life Strategic Value Series S Class	01	2006	11.3070	12.7529	0
MFS/Sun Life Strategic Value Series S Class	01	2005	11.5037	11.3070	0
MFS/Sun Life Strategic Value Series S Class	01	2004	9.8669	11.5037	0
MFS/Sun Life Strategic Value Series S Class	01	2003	7.8467	9.8669	0
MFS/Sun Life Strategic Value Series S Class	01	2002	10.0000	7.8467	0
MFS/Sun Life Strategic Value Series S Class	02	2007	12.6629	12.1882	41,788
MFS/Sun Life Strategic Value Series S Class	02	2006	11.2441	12.6629	43,750
MFS/Sun Life Strategic Value Series S Class	02	2005	11.4571	11.2441	53,333
MFS/Sun Life Strategic Value Series S Class	02	2004	9.8419	11.4571	51,915
MFS/Sun Life Strategic Value Series S Class	02	2003	7.8387	9.8419	47,299
MFS/Sun Life Strategic Value Series S Class	02	2002	10.0000	7.8387	5,294
MFS/Sun Life Strategic Value Series S Class	03	2007	12.6032	12.1185	0
MFS/Sun Life Strategic Value Series S Class	03	2006	11.2025	12.6032	0
MFS/Sun Life Strategic Value Series S Class	03	2005	11.4262	11.2025	0
MFS/Sun Life Strategic Value Series S Class	03	2004	9.8253	11.4262	0
MFS/Sun Life Strategic Value Series S Class	03	2003	7.8334	9.8253	0
MFS/Sun Life Strategic Value Series S Class	03	2002	10.0000	7.8334	0
MFS/Sun Life Strategic Value Series S Class	04	2007	12.5734	12.0837	5,550
MFS/Sun Life Strategic Value Series S Class	04	2006	11.1816	12.5734	6,002
MFS/Sun Life Strategic Value Series S Class	04	2005	11.4107	11.1816	11,630
MFS/Sun Life Strategic Value Series S Class	04	2004	9.8170	11.4107	25,385
MFS/Sun Life Strategic Value Series S Class	04	2003	7.8307	9.8170	10,000
MFS/Sun Life Strategic Value Series S Class	04	2002	10.0000	7.8307	0
MFS/Sun Life Strategic Value Series S Class	05	2007	12.5140	12.0143	12,697
MFS/Sun Life Strategic Value Series S Class	05	2006	11.1400	12.5140	19,808
MFS/Sun Life Strategic Value Series S Class	05	2005	11.3798	11.1400	26,000
MFS/Sun Life Strategic Value Series S Class	05	2004	9.8003	11.3798	28,333
MFS/Sun Life Strategic Value Series S Class	05	2003	7.8254	9.8003	16,461
MFS/Sun Life Strategic Value Series S Class	05	2002	10.0000	7.8254	6,704
MFS/Sun Life Strategic Value Series S Class	06	2007	12.4254	11.9109	11,132
MFS/Sun Life Strategic Value Series S Class	06	2006	11.0779	12.4254	16,067
MFS/Sun Life Strategic Value Series S Class	06	2005	11.3335	11.0779	15,300
MFS/Sun Life Strategic Value Series S Class	06	2004	9.7754	11.3335	13,233
MFS/Sun Life Strategic Value Series S Class	06	2003	7.8173	9.7754	2,266
MFS/Sun Life Strategic Value Series S Class	06	2002	10.0000	7.8173	485
MFS/Sun Life Technology Series	01	2007	4.6453	5.5285	0
MFS/Sun Life Technology Series	01	2006	3.8468	4.6453	0
MFS/Sun Life Technology Series	01	2005	3.6590	3.8468	0
MFS/Sun Life Technology Series	01	2004	3.6081	3.6590	0
MFS/Sun Life Technology Series	01	2003	2.5066	3.6081	0
MFS/Sun Life Technology Series	01	2002	4.6876	2.5066	15,457
MFS/Sun Life Technology Series	01	2001	7.7449	4.6876	18,195
MFS/Sun Life Technology Series	01	2000	10.0000	7.7449	0
MFS/Sun Life Technology Series	02	2007	4.6001	5.4663	214,842
MFS/Sun Life Technology Series	02	2006	3.8151	4.6001	283,755
MFS/Sun Life Technology Series	02	2005	3.6344	3.8151	286,612
MFS/Sun Life Technology Series	02	2004	3.5892	3.6344	326,152
MFS/Sun Life Technology Series	02	2003	2.4973	3.5892	361,175
MFS/Sun Life Technology Series	02	2002	4.6773	2.4973	332,027
MFS/Sun Life Technology Series	02	2001	7.7398	4.6773	443,519
MFS/Sun Life Technology Series	02	2000	10.0000	7.7398	0
MFS/Sun Life Technology Series	03	2007	4.5702	5.4253	53,959
MFS/Sun Life Technology Series	03	2006	3.7942	4.5702	54,203
MFS/Sun Life Technology Series	03	2005	3.6181	3.7942	29,789
MFS/Sun Life Technology Series	03	2004	3.5768	3.6181	34,093
MFS/Sun Life Technology Series	03	2003	2.4912	3.5768	34,336
MFS/Sun Life Technology Series	03	2002	4.6705	2.4912	44,676
MFS/Sun Life Technology Series	03	2001	7.7364	4.6705	46,368
MFS/Sun Life Technology Series	03	2000	10.0000	7.7364	0
MFS/Sun Life Technology Series	04	2007	4.5553	5.4048	220,321
MFS/Sun Life Technology Series	04	2006	3.7837	4.5553	267,060
MFS/Sun Life Technology Series	04	2005	3.6099	3.7837	293,031
MFS/Sun Life Technology Series	04	2004	3.5705	3.6099	358,077
MFS/Sun Life Technology Series	04	2003	2.4881	3.5705	417,202
MFS/Sun Life Technology Series	04	2002	4.6671	2.4881	391,228
MFS/Sun Life Technology Series	04	2001	7.7347	4.6671	546,351
MFS/Sun Life Technology Series	04	2000	10.0000	7.7347	0
MFS/Sun Life Technology Series	05	2007	4.5256	5.3642	523,305
MFS/Sun Life Technology Series	05	2006	3.7629	4.5256	658,473
MFS/Sun Life Technology Series	05	2005	3.5937	3.7629	770,574
MFS/Sun Life Technology Series	05	2004	3.5581	3.5937	970,660
MFS/Sun Life Technology Series	05	2003	2.4819	3.5581	1,063,824
MFS/Sun Life Technology Series	05	2002	4.6602	2.4819	1,106,441
MFS/Sun Life Technology Series	05	2001	7.7313	4.6602	1,328,675
MFS/Sun Life Technology Series	05	2000	10.0000	7.7313	0
MFS/Sun Life Technology Series	06	2007	4.4814	5.3037	222,536
MFS/Sun Life Technology Series	06	2006	3.7318	4.4814	266,930
MFS/Sun Life Technology Series	06	2005	3.5694	3.7318	291,267
MFS/Sun Life Technology Series	06	2004	3.5394	3.5694	349,183
MFS/Sun Life Technology Series	06	2003	2.4727	3.5394	384,036
MFS/Sun Life Technology Series	06	2002	4.6500	2.4727	388,335
MFS/Sun Life Technology Series	06	2001	7.7263	4.6500	475,894
MFS/Sun Life Technology Series	06	2000	10.0000	7.7263	0
MFS/Sun Life Technology Series S Class	01	2007	9.4959	11.2805	0
MFS/Sun Life Technology Series S Class	01	2006	7.8883	9.4959	0
MFS/Sun Life Technology Series S Class	01	2005	7.5150	7.8883	0
MFS/Sun Life Technology Series S Class	01	2004	7.4448	7.5150	0
MFS/Sun Life Technology Series S Class	01	2003	5.1733	7.4448	0
MFS/Sun Life Technology Series S Class	01	2002	9.7453	5.1733	0
MFS/Sun Life Technology Series S Class	01	2001	10.0000	9.7453	0
MFS/Sun Life Technology Series S Class	02	2007	9.4191	11.1723	22,351
MFS/Sun Life Technology Series S Class	02	2006	7.8364	9.4191	21,961
MFS/Sun Life Technology Series S Class	02	2005	7.4769	7.8364	23,928
MFS/Sun Life Technology Series S Class	02	2004	7.4183	7.4769	36,835
MFS/Sun Life Technology Series S Class	02	2003	5.1627	7.4183	30,156
MFS/Sun Life Technology Series S Class	02	2002	9.7401	5.1627	23,128
MFS/Sun Life Technology Series S Class	02	2001	10.0000	9.7401	12,839
MFS/Sun Life Technology Series S Class	03	2007	9.3683	11.1008	0
MFS/Sun Life Technology Series S Class	03	2006	7.8020	9.3683	0
MFS/Sun Life Technology Series S Class	03	2005	7.4516	7.8020	0
MFS/Sun Life Technology Series S Class	03	2004	7.4007	7.4516	0
MFS/Sun Life Technology Series S Class	03	2003	5.1557	7.4007	0
MFS/Sun Life Technology Series S Class	03	2002	9.7367	5.1557	0
MFS/Sun Life Technology Series S Class	03	2001	10.0000	9.7367	0
MFS/Sun Life Technology Series S Class	04	2007	9.3430	11.0651	14,559
MFS/Sun Life Technology Series S Class	04	2006	7.7849	9.3430	20,558
MFS/Sun Life Technology Series S Class	04	2005	7.4389	7.7849	22,796
MFS/Sun Life Technology Series S Class	04	2004	7.3919	7.4389	25,376
MFS/Sun Life Technology Series S Class	04	2003	5.1522	7.3919	30,968
MFS/Sun Life Technology Series S Class	04	2002	9.7350	5.1522	19,642
MFS/Sun Life Technology Series S Class	04	2001	10.0000	9.7350	5,303
MFS/Sun Life Technology Series S Class	05	2007	9.2924	10.9940	25,044
MFS/Sun Life Technology Series S Class	05	2006	7.7506	9.2924	26,156
MFS/Sun Life Technology Series S Class	05	2005	7.4137	7.7506	32,386
MFS/Sun Life Technology Series S Class	05	2004	7.3743	7.4137	33,865
MFS/Sun Life Technology Series S Class	05	2003	5.1451	7.3743	36,285
MFS/Sun Life Technology Series S Class	05	2002	9.7316	5.1451	26,129
MFS/Sun Life Technology Series S Class	05	2001	10.0000	9.7316	11,096
MFS/Sun Life Technology Series S Class	06	2007	9.2171	10.8883	35,769
MFS/Sun Life Technology Series S Class	06	2006	7.6995	9.2171	35,319
MFS/Sun Life Technology Series S Class	06	2005	7.3760	7.6995	41,887
MFS/Sun Life Technology Series S Class	06	2004	7.3480	7.3760	54,394
MFS/Sun Life Technology Series S Class	06	2003	5.1345	7.3480	60,486
MFS/Sun Life Technology Series S Class	06	2002	9.7264	5.1345	46,358
MFS/Sun Life Technology Series S Class	06	2001	10.0000	9.7264	15,967
MFS/Sun Life Total Return Series	01	2007	15.1004	15.5945	0
MFS/Sun Life Total Return Series	01	2006	13.5913	15.1004	0
MFS/Sun Life Total Return Series	01	2005	13.3254	13.5913	0
MFS/Sun Life Total Return Series	01	2004	12.0752	13.3254	61,545
MFS/Sun Life Total Return Series	01	2003	10.4115	12.0752	61,446
MFS/Sun Life Total Return Series	01	2002	11.1541	10.4115	57,958
MFS/Sun Life Total Return Series	01	2001	11.2101	11.1541	15,205
MFS/Sun Life Total Return Series	01	2000	10.0000	11.2101	0
MFS/Sun Life Total Return Series	02	2007	14.9537	15.4196	1,256,770
MFS/Sun Life Total Return Series	02	2006	13.4798	14.9537	1,487,497
MFS/Sun Life Total Return Series	02	2005	13.2360	13.4798	1,741,474
MFS/Sun Life Total Return Series	02	2004	12.0125	13.2360	1,833,489
MFS/Sun Life Total Return Series	02	2003	10.3731	12.0125	1,931,208
MFS/Sun Life Total Return Series	02	2002	11.1299	10.3731	1,996,722
MFS/Sun Life Total Return Series	02	2001	11.2028	11.1299	1,814,986
MFS/Sun Life Total Return Series	02	2000	10.0000	11.2028	0
MFS/Sun Life Total Return Series	03	2007	14.8568	15.3041	23,440
MFS/Sun Life Total Return Series	03	2006	13.4059	14.8568	23,655
MFS/Sun Life Total Return Series	03	2005	13.1768	13.4059	33,019
MFS/Sun Life Total Return Series	03	2004	11.9709	13.1768	36,531
MFS/Sun Life Total Return Series	03	2003	10.3477	11.9709	99,853
MFS/Sun Life Total Return Series	03	2002	11.1138	10.3477	80,813
MFS/Sun Life Total Return Series	03	2001	11.1980	11.1138	87,756
MFS/Sun Life Total Return Series	03	2000	10.0000	11.1980	0
MFS/Sun Life Total Return Series	04	2007	14.8085	15.2465	1,400,015
MFS/Sun Life Total Return Series	04	2006	13.3691	14.8085	1,634,447
MFS/Sun Life Total Return Series	04	2005	13.1472	13.3691	1,874,981
MFS/Sun Life Total Return Series	04	2004	11.9501	13.1472	2,098,700
MFS/Sun Life Total Return Series	04	2003	10.3349	11.9501	2,197,855
MFS/Sun Life Total Return Series	04	2002	11.1058	10.3349	2,203,584
MFS/Sun Life Total Return Series	04	2001	11.1956	11.1058	1,975,555
MFS/Sun Life Total Return Series	04	2000	10.0000	11.1956	0
MFS/Sun Life Total Return Series	05	2007	14.7123	15.1320	2,652,554
MFS/Sun Life Total Return Series	05	2006	13.2956	14.7123	3,123,284
MFS/Sun Life Total Return Series	05	2005	13.0882	13.2956	3,545,429
MFS/Sun Life Total Return Series	05	2004	11.9086	13.0882	3,642,030
MFS/Sun Life Total Return Series	05	2003	10.3095	11.9086	3,689,075
MFS/Sun Life Total Return Series	05	2002	11.0897	10.3095	3,762,588
MFS/Sun Life Total Return Series	05	2001	11.1908	11.0897	3,267,013
MFS/Sun Life Total Return Series	05	2000	10.0000	11.1908	0
MFS/Sun Life Total Return Series	06	2007	14.5691	14.9618	1,108,966
MFS/Sun Life Total Return Series	06	2006	13.1862	14.5691	1,281,729
MFS/Sun Life Total Return Series	06	2005	13.0003	13.1862	1,434,013
MFS/Sun Life Total Return Series	06	2004	11.8466	13.0003	1,472,580
MFS/Sun Life Total Return Series	06	2003	10.2714	11.8466	1,567,034
MFS/Sun Life Total Return Series	06	2002	11.0656	10.2714	1,613,058
MFS/Sun Life Total Return Series	06	2001	11.1836	11.0656	1,345,336
MFS/Sun Life Total Return Series	06	2000	10.0000	11.1836	0
MFS/Sun Life Total Return Series S Class	01	2007	13.3410	13.7450	7,076
MFS/Sun Life Total Return Series S Class	01	2006	12.0415	13.3410	7,524
MFS/Sun Life Total Return Series S Class	01	2005	11.8301	12.0415	70,371
MFS/Sun Life Total Return Series S Class	01	2004	10.7517	11.8301	72,883
MFS/Sun Life Total Return Series S Class	01	2003	9.2956	10.7517	52,090
MFS/Sun Life Total Return Series S Class	01	2002	9.9765	9.2956	40,484
MFS/Sun Life Total Return Series S Class	01	2001	10.0000	9.9765	0
MFS/Sun Life Total Return Series S Class	02	2007	13.2332	13.6131	1,281,364
MFS/Sun Life Total Return Series S Class	02	2006	11.9623	13.2332	1,457,440
MFS/Sun Life Total Return Series S Class	02	2005	11.7701	11.9623	1,618,166
MFS/Sun Life Total Return Series S Class	02	2004	10.7135	11.7701	1,664,485
MFS/Sun Life Total Return Series S Class	02	2003	9.2766	10.7135	1,685,029
MFS/Sun Life Total Return Series S Class	02	2002	9.9713	9.2766	1,631,383
MFS/Sun Life Total Return Series S Class	02	2001	10.0000	9.9713	374,067
MFS/Sun Life Total Return Series S Class	03	2007	13.1620	13.5261	0
MFS/Sun Life Total Return Series S Class	03	2006	11.9099	13.1620	0
MFS/Sun Life Total Return Series S Class	03	2005	11.7303	11.9099	0
MFS/Sun Life Total Return Series S Class	03	2004	10.6881	11.7303	0
MFS/Sun Life Total Return Series S Class	03	2003	9.2640	10.6881	0
MFS/Sun Life Total Return Series S Class	03	2002	9.9678	9.2640	0
MFS/Sun Life Total Return Series S Class	03	2001	10.0000	9.9678	0
MFS/Sun Life Total Return Series S Class	04	2007	13.1263	13.4826	782,680
MFS/Sun Life Total Return Series S Class	04	2006	11.8836	13.1263	997,801
MFS/Sun Life Total Return Series S Class	04	2005	11.7104	11.8836	1,168,799
MFS/Sun Life Total Return Series S Class	04	2004	10.6754	11.7104	1,196,281
MFS/Sun Life Total Return Series S Class	04	2003	9.2577	10.6754	1,216,753
MFS/Sun Life Total Return Series S Class	04	2002	9.9661	9.2577	1,116,530
MFS/Sun Life Total Return Series S Class	04	2001	10.0000	9.9661	280,851
MFS/Sun Life Total Return Series S Class	05	2007	13.0554	13.3960	781,368
MFS/Sun Life Total Return Series S Class	05	2006	11.8313	13.0554	836,963
MFS/Sun Life Total Return Series S Class	05	2005	11.6707	11.8313	942,898
MFS/Sun Life Total Return Series S Class	05	2004	10.6500	11.6707	1,036,307
MFS/Sun Life Total Return Series S Class	05	2003	9.2451	10.6500	1,099,715
MFS/Sun Life Total Return Series S Class	05	2002	9.9626	9.2451	1,071,308
MFS/Sun Life Total Return Series S Class	05	2001	10.0000	9.9626	350,483
MFS/Sun Life Total Return Series S Class	06	2007	12.9496	13.2672	1,094,893
MFS/Sun Life Total Return Series S Class	06	2006	11.7533	12.9496	1,245,578
MFS/Sun Life Total Return Series S Class	06	2005	11.6114	11.7533	1,479,631
MFS/Sun Life Total Return Series S Class	06	2004	10.6121	11.6114	1,576,533
MFS/Sun Life Total Return Series S Class	06	2003	9.2261	10.6121	1,592,618
MFS/Sun Life Total Return Series S Class	06	2002	9.9573	9.2261	1,520,723
MFS/Sun Life Total Return Series S Class	06	2001	10.0000	9.9573	331,867
MFS/Sun Life Utilities Series	01	2007	14.5053	18.4633	0
MFS/Sun Life Utilities Series	01	2006	11.0758	14.5053	0
MFS/Sun Life Utilities Series	01	2005	9.5380	11.0758	0
MFS/Sun Life Utilities Series	01	2004	7.3900	9.5380	0
MFS/Sun Life Utilities Series	01	2003	5.4783	7.3900	0
MFS/Sun Life Utilities Series	01	2002	7.2670	5.4783	0
MFS/Sun Life Utilities Series	01	2001	9.6987	7.2670	23,798
MFS/Sun Life Utilities Series	01	2000	10.0000	9.6987	0
MFS/Sun Life Utilities Series	02	2007	14.3639	18.2555	578,318
MFS/Sun Life Utilities Series	02	2006	10.9844	14.3639	870,936
MFS/Sun Life Utilities Series	02	2005	9.4736	10.9844	801,790
MFS/Sun Life Utilities Series	02	2004	7.3513	9.4736	838,147
MFS/Sun Life Utilities Series	02	2003	5.4579	7.3513	914,416
MFS/Sun Life Utilities Series	02	2002	7.2510	5.4579	1,041,505
MFS/Sun Life Utilities Series	02	2001	9.6921	7.2510	1,458,430
MFS/Sun Life Utilities Series	02	2000	10.0000	9.6921	0
MFS/Sun Life Utilities Series	03	2007	14.2705	18.1184	63,299
MFS/Sun Life Utilities Series	03	2006	10.9240	14.2705	100,049
MFS/Sun Life Utilities Series	03	2005	9.4310	10.9240	98,794
MFS/Sun Life Utilities Series	03	2004	7.3256	9.4310	118,989
MFS/Sun Life Utilities Series	03	2003	5.4443	7.3256	120,772
MFS/Sun Life Utilities Series	03	2002	7.2403	5.4443	139,607
MFS/Sun Life Utilities Series	03	2001	9.6877	7.2403	155,862
MFS/Sun Life Utilities Series	03	2000	10.0000	9.6877	0
MFS/Sun Life Utilities Series	04	2007	14.2238	18.0500	667,824
MFS/Sun Life Utilities Series	04	2006	10.8938	14.2238	771,012
MFS/Sun Life Utilities Series	04	2005	9.4097	10.8938	910,979
MFS/Sun Life Utilities Series	04	2004	7.3128	9.4097	968,864
MFS/Sun Life Utilities Series	04	2003	5.4375	7.3128	1,075,912
MFS/Sun Life Utilities Series	04	2002	7.2349	5.4375	1,235,628
MFS/Sun Life Utilities Series	04	2001	9.6855	7.2349	1,752,322
MFS/Sun Life Utilities Series	04	2000	10.0000	9.6855	0
MFS/Sun Life Utilities Series	05	2007	14.1311	17.9140	1,223,634
MFS/Sun Life Utilities Series	05	2006	10.8337	14.1311	1,526,747
MFS/Sun Life Utilities Series	05	2005	9.3672	10.8337	1,694,129
MFS/Sun Life Utilities Series	05	2004	7.2872	9.3672	1,814,554
MFS/Sun Life Utilities Series	05	2003	5.4240	7.2872	1,991,221
MFS/Sun Life Utilities Series	05	2002	7.2243	5.4240	2,028,333
MFS/Sun Life Utilities Series	05	2001	9.6811	7.2243	2,719,237
MFS/Sun Life Utilities Series	05	2000	10.0000	9.6811	0
MFS/Sun Life Utilities Series	06	2007	13.9929	17.7118	500,403
MFS/Sun Life Utilities Series	06	2006	10.7441	13.9929	607,598
MFS/Sun Life Utilities Series	06	2005	9.3039	10.7441	678,165
MFS/Sun Life Utilities Series	06	2004	7.2489	9.3039	708,717
MFS/Sun Life Utilities Series	06	2003	5.4037	7.2489	779,709
MFS/Sun Life Utilities Series	06	2002	7.2083	5.4037	819,073
MFS/Sun Life Utilities Series	06	2001	9.6745	7.2083	1,030,235
MFS/Sun Life Utilities Series	06	2000	10.0000	9.6745	0
MFS/Sun Life Utilities Series S Class	01	2007	17.6005	22.3515	5,951
MFS/Sun Life Utilities Series S Class	01	2006	13.4719	17.6005	6,328
MFS/Sun Life Utilities Series S Class	01	2005	11.6332	13.4719	6,328
MFS/Sun Life Utilities Series S Class	01	2004	9.0382	11.6332	6,328
MFS/Sun Life Utilities Series S Class	01	2003	6.7113	9.0382	6,328
MFS/Sun Life Utilities Series S Class	01	2002	8.9376	6.7113	6,401
MFS/Sun Life Utilities Series S Class	01	2001	10.0000	8.9376	0
MFS/Sun Life Utilities Series S Class	02	2007	17.4583	22.1371	183,201
MFS/Sun Life Utilities Series S Class	02	2006	13.3833	17.4583	193,141
MFS/Sun Life Utilities Series S Class	02	2005	11.5742	13.3833	182,600
MFS/Sun Life Utilities Series S Class	02	2004	9.0060	11.5742	167,564
MFS/Sun Life Utilities Series S Class	02	2003	6.6976	9.0060	186,540
MFS/Sun Life Utilities Series S Class	02	2002	8.9329	6.6976	184,744
MFS/Sun Life Utilities Series S Class	02	2001	10.0000	8.9329	84,371
MFS/Sun Life Utilities Series S Class	03	2007	17.3642	21.9955	0
MFS/Sun Life Utilities Series S Class	03	2006	13.3246	17.3642	0
MFS/Sun Life Utilities Series S Class	03	2005	11.5350	13.3246	0
MFS/Sun Life Utilities Series S Class	03	2004	8.9846	11.5350	0
MFS/Sun Life Utilities Series S Class	03	2003	6.6885	8.9846	0
MFS/Sun Life Utilities Series S Class	03	2002	8.9298	6.6885	0
MFS/Sun Life Utilities Series S Class	03	2001	10.0000	8.9298	0
MFS/Sun Life Utilities Series S Class	04	2007	17.3172	21.9249	169,200
MFS/Sun Life Utilities Series S Class	04	2006	13.2953	17.3172	186,700
MFS/Sun Life Utilities Series S Class	04	2005	11.5155	13.2953	177,821
MFS/Sun Life Utilities Series S Class	04	2004	8.9740	11.5155	169,319
MFS/Sun Life Utilities Series S Class	04	2003	6.6839	8.9740	170,444
MFS/Sun Life Utilities Series S Class	04	2002	8.9282	6.6839	171,534
MFS/Sun Life Utilities Series S Class	04	2001	10.0000	8.9282	80,157
MFS/Sun Life Utilities Series S Class	05	2007	17.2237	21.7842	160,286
MFS/Sun Life Utilities Series S Class	05	2006	13.2369	17.2237	172,578
MFS/Sun Life Utilities Series S Class	05	2005	11.4764	13.2369	183,109
MFS/Sun Life Utilities Series S Class	05	2004	8.9526	11.4764	191,980
MFS/Sun Life Utilities Series S Class	05	2003	6.6748	8.9526	197,553
MFS/Sun Life Utilities Series S Class	05	2002	8.9251	6.6748	166,262
MFS/Sun Life Utilities Series S Class	05	2001	10.0000	8.9251	63,193
MFS/Sun Life Utilities Series S Class	06	2007	17.0842	21.5747	231,413
MFS/Sun Life Utilities Series S Class	06	2006	13.1496	17.0842	232,352
MFS/Sun Life Utilities Series S Class	06	2005	11.4181	13.1496	253,074
MFS/Sun Life Utilities Series S Class	06	2004	8.9207	11.4181	262,312
MFS/Sun Life Utilities Series S Class	06	2003	6.6611	8.9207	274,499
MFS/Sun Life Utilities Series S Class	06	2002	8.9204	6.6611	275,249
MFS/Sun Life Utilities Series S Class	06	2001	10.0000	8.9204	104,577
MFS/Sun Life Value Series	01	2007	17.0721	18.2398	0
MFS/Sun Life Value Series	01	2006	14.2563	17.0721	0
MFS/Sun Life Value Series	01	2005	13.5087	14.2563	0
MFS/Sun Life Value Series	01	2004	11.8120	13.5087	22,644
MFS/Sun Life Value Series	01	2003	9.5210	11.8120	0
MFS/Sun Life Value Series	01	2002	11.1280	9.5210	23,526
MFS/Sun Life Value Series	01	2001	12.1507	11.1280	24,071
MFS/Sun Life Value Series	01	2000	10.0000	12.1507	0
MFS/Sun Life Value Series	02	2007	16.9061	18.0350	556,141
MFS/Sun Life Value Series	02	2006	14.1391	16.9061	665,682
MFS/Sun Life Value Series	02	2005	13.4180	14.1391	864,916
MFS/Sun Life Value Series	02	2004	11.7506	13.4180	873,417
MFS/Sun Life Value Series	02	2003	9.4859	11.7506	728,480
MFS/Sun Life Value Series	02	2002	11.1037	9.4859	798,402
MFS/Sun Life Value Series	02	2001	12.1428	11.1037	761,810
MFS/Sun Life Value Series	02	2000	10.0000	12.1428	0
MFS/Sun Life Value Series	03	2007	16.7965	17.8999	101,563
MFS/Sun Life Value Series	03	2006	14.0616	16.7965	184,968
MFS/Sun Life Value Series	03	2005	13.3579	14.0616	217,101
MFS/Sun Life Value Series	03	2004	11.7098	13.3579	210,433
MFS/Sun Life Value Series	03	2003	9.4625	11.7098	196,432
MFS/Sun Life Value Series	03	2002	11.0876	9.4625	209,708
MFS/Sun Life Value Series	03	2001	12.1375	11.0876	201,491
MFS/Sun Life Value Series	03	2000	10.0000	12.1375	0
MFS/Sun Life Value Series	04	2007	16.7418	17.8325	724,038
MFS/Sun Life Value Series	04	2006	14.0229	16.7418	885,209
MFS/Sun Life Value Series	04	2005	13.3279	14.0229	1,004,386
MFS/Sun Life Value Series	04	2004	11.6894	13.3279	1,064,563
MFS/Sun Life Value Series	04	2003	9.4508	11.6894	1,096,909
MFS/Sun Life Value Series	04	2002	11.0796	9.4508	1,076,900
MFS/Sun Life Value Series	04	2001	12.1349	11.0796	1,045,431
MFS/Sun Life Value Series	04	2000	10.0000	12.1349	0
MFS/Sun Life Value Series	05	2007	16.6329	17.6984	1,430,835
MFS/Sun Life Value Series	05	2006	13.9458	16.6329	1,800,972
MFS/Sun Life Value Series	05	2005	13.2680	13.9458	2,022,385
MFS/Sun Life Value Series	05	2004	11.6487	13.2680	2,126,853
MFS/Sun Life Value Series	05	2003	9.4275	11.6487	2,237,046
MFS/Sun Life Value Series	05	2002	11.0634	9.4275	2,289,774
MFS/Sun Life Value Series	05	2001	12.1296	11.0634	2,162,824
MFS/Sun Life Value Series	05	2000	10.0000	12.1296	0
MFS/Sun Life Value Series	06	2007	16.4709	17.4992	565,181
MFS/Sun Life Value Series	06	2006	13.8309	16.4709	679,200
MFS/Sun Life Value Series	06	2005	13.1787	13.8309	742,489
MFS/Sun Life Value Series	06	2004	11.5880	13.1787	798,989
MFS/Sun Life Value Series	06	2003	9.3926	11.5880	802,335
MFS/Sun Life Value Series	06	2002	11.0393	9.3926	772,979
MFS/Sun Life Value Series	06	2001	12.1217	11.0393	653,988
MFS/Sun Life Value Series	06	2000	10.0000	12.1217	0
MFS/Sun Life Value Series S Class	01	2007	14.8608	15.8401	10,358
MFS/Sun Life Value Series S Class	01	2006	12.4403	14.8608	12,646
MFS/Sun Life Value Series S Class	01	2005	11.8162	12.4403	15,693
MFS/Sun Life Value Series S Class	01	2004	10.3627	11.8162	18,613
MFS/Sun Life Value Series S Class	01	2003	8.3680	10.3627	22,153
MFS/Sun Life Value Series S Class	01	2002	9.8049	8.3680	41,705
MFS/Sun Life Value Series S Class	01	2001	10.0000	9.8049	0
MFS/Sun Life Value Series S Class	02	2007	14.7407	15.6882	410,886
MFS/Sun Life Value Series S Class	02	2006	12.3585	14.7407	486,962
MFS/Sun Life Value Series S Class	02	2005	11.7563	12.3585	520,698
MFS/Sun Life Value Series S Class	02	2004	10.3258	11.7563	572,764
MFS/Sun Life Value Series S Class	02	2003	8.3509	10.3258	593,073
MFS/Sun Life Value Series S Class	02	2002	9.7998	8.3509	539,530
MFS/Sun Life Value Series S Class	02	2001	10.0000	9.7998	151,651
MFS/Sun Life Value Series S Class	03	2007	14.6613	15.5878	0
MFS/Sun Life Value Series S Class	03	2006	12.3043	14.6613	0
MFS/Sun Life Value Series S Class	03	2005	11.7166	12.3043	0
MFS/Sun Life Value Series S Class	03	2004	10.3014	11.7166	0
MFS/Sun Life Value Series S Class	03	2003	8.3396	10.3014	0
MFS/Sun Life Value Series S Class	03	2002	9.7963	8.3396	0
MFS/Sun Life Value Series S Class	03	2001	10.0000	9.7963	0
MFS/Sun Life Value Series S Class	04	2007	14.6216	15.5377	297,776
MFS/Sun Life Value Series S Class	04	2006	12.2773	14.6216	344,425
MFS/Sun Life Value Series S Class	04	2005	11.6967	12.2773	365,277
MFS/Sun Life Value Series S Class	04	2004	10.2891	11.6967	418,509
MFS/Sun Life Value Series S Class	04	2003	8.3339	10.2891	417,138
MFS/Sun Life Value Series S Class	04	2002	9.7946	8.3339	355,617
MFS/Sun Life Value Series S Class	04	2001	10.0000	9.7946	112,398
MFS/Sun Life Value Series S Class	05	2007	14.5426	15.4379	398,392
MFS/Sun Life Value Series S Class	05	2006	12.2232	14.5426	413,589
MFS/Sun Life Value Series S Class	05	2005	11.6570	12.2232	476,130
MFS/Sun Life Value Series S Class	05	2004	10.2646	11.6570	485,707
MFS/Sun Life Value Series S Class	05	2003	8.3225	10.2646	474,717
MFS/Sun Life Value Series S Class	05	2002	9.7912	8.3225	488,034
MFS/Sun Life Value Series S Class	05	2001	10.0000	9.7912	146,164
MFS/Sun Life Value Series S Class	06	2007	14.4248	15.2895	431,664
MFS/Sun Life Value Series S Class	06	2006	12.1426	14.4248	496,712
MFS/Sun Life Value Series S Class	06	2005	11.5977	12.1426	584,443
MFS/Sun Life Value Series S Class	06	2004	10.2280	11.5977	651,114
MFS/Sun Life Value Series S Class	06	2003	8.3054	10.2280	691,788
MFS/Sun Life Value Series S Class	06	2002	9.7860	8.3054	711,007
MFS/Sun Life Value Series S Class	06	2001	10.0000	9.7860	200,083
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2007	10.2074	10.7060	148,554
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2006	9.0996	10.2074	147,133
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2005	8.5338	9.0996	149,573
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2004	7.6975	8.5338	151,636
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2003	6.3299	7.6975	133,694
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2002	8.1167	6.3299	143,884
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2001	9.7298	8.1167	169,670
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2000	10.0000	9.7298	0
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2007	10.1080	10.5855	1,382,947
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2006	9.0247	10.1080	1,688,612
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2005	8.4763	9.0247	1,960,620
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2004	7.6573	8.4763	2,272,434
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2003	6.3064	7.6573	2,500,230
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2002	8.0989	6.3064	2,738,808
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2001	9.7233	8.0989	2,859,591
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2000	10.0000	9.7233	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2007	10.0423	10.5061	97,676
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2006	8.9751	10.0423	130,294
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2005	8.4382	8.9751	135,995
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2004	7.6306	8.4382	134,418
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2003	6.2908	7.6306	196,418
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2002	8.0871	6.2908	251,705
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2001	9.7190	8.0871	287,352
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2000	10.0000	9.7190	0
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2007	10.0095	10.4664	1,489,788
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2006	8.9503	10.0095	1,880,173
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2005	8.4192	8.9503	2,104,263
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2004	7.6173	8.4192	2,472,605
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2003	6.2830	7.6173	2,710,295
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2002	8.0811	6.2830	2,993,671
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2001	9.7168	8.0811	3,238,308
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2000	10.0000	9.7168	0
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2007	9.9443	10.3876	3,346,408
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2006	8.9010	9.9443	4,177,886
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2005	8.3813	8.9010	4,703,546
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2004	7.5907	8.3813	5,259,870
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2003	6.2674	7.5907	5,757,625
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2002	8.0693	6.2674	6,256,339
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2001	9.7124	8.0693	7,010,803
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2000	10.0000	9.7124	0
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2007	9.8472	10.2705	1,345,897
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2006	8.8275	9.8472	1,606,251
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2005	8.3247	8.8275	1,847,543
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2004	7.5509	8.3247	2,133,775
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2003	6.2440	7.5509	2,342,416
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2002	8.0515	6.2440	2,414,054
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2001	9.7059	8.0515	2,739,233
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2000	10.0000	9.7059	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2007	12.0218	12.5782	24,598
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2006	10.7421	12.0218	24,185
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2005	10.1010	10.7421	25,026
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2004	9.1313	10.1010	24,039
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2003	7.5324	9.1313	1,350
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2002	9.6794	7.5324	1,382
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2001	10.0000	9.6794	0
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2007	11.9247	12.4575	474,817
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2006	10.6715	11.9247	560,748
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2005	10.0497	10.6715	625,404
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2004	9.0988	10.0497	711,492
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2003	7.5170	9.0988	746,877
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2002	9.6743	7.5170	723,444
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2001	10.0000	9.6743	208,906
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2007	11.8604	12.3778	0
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2006	10.6247	11.8604	0
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2005	10.0157	10.6247	0
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2004	9.0772	10.0157	0
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2003	7.5068	9.0772	0
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2002	9.6709	7.5068	0
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2001	10.0000	9.6709	0
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2007	11.8283	12.3380	375,705
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2006	10.6013	11.8283	437,794
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2005	9.9987	10.6013	529,631
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2004	9.0664	9.9987	582,998
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2003	7.5016	9.0664	608,075
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2002	9.6692	7.5016	600,012
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2001	10.0000	9.6692	153,154
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2007	11.7644	12.2587	387,265
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2006	10.5546	11.7644	461,051
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2005	9.9648	10.5546	509,479
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2004	9.0449	9.9648	568,430
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2003	7.4914	9.0449	615,935
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2002	9.6658	7.4914	662,683
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2001	10.0000	9.6658	209,644
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2007	11.6691	12.1408	589,008
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2006	10.4850	11.6691	686,426
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2005	9.9141	10.4850	778,230
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2004	9.0126	9.9141	853,474
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2003	7.4760	9.0126	928,277
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2002	9.6607	7.4760	879,361
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2001	10.0000	9.6607	283,243

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

P.O. Box 9133

Wellesley Hills, Massachusetts 02481

TELEPHONE:

Toll Free (800) 752-7215

GENERAL DISTRIBUTOR

Clarendon Insurance Agency, Inc.

One Sun Life Executive Park

Wellesley Hills, Massachusetts 02481

PROSPECTUS

MAY 1, 2008

FUTURITY III

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

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

Large-Cap Equity Funds	International/Global Equity Funds (continued)
AIM V.I. Capital Appreciation Fund	Fidelity VIP Overseas Portfolio, Service Class 2
AIM V.I. Core Equity Fund	Franklin Templeton VIP Trust Templeton Foreign
Alger American Income & Growth Portfolio1	Securities Fund – Class 2
AllianceBernstein VPS Growth and Income Portfolio	Franklin Templeton VIP Trust Templeton Growth
Fidelity VIP Contrafund® Portfolio, Service Class 2	Securities Fund – Class 2
Fidelity VIP Growth Portfolio, Service Class 2	Goldman Sachs VIT International Equity Fund2
Goldman Sachs VIT Capital Growth Fund	JPMorgan International Equity Portfolio2
Goldman Sachs VIT Growth and Income Fund2	International/Global Small/Mid-Cap Equity Funds
Goldman Sachs VIT Structured U.S. Equity Fund	First Eagle VFT Overseas Variable Series
JPMorgan U.S. Large Cap Core Equity Portfolio2	Lord Abbett Series Fund International Portfolio
Lord Abbett Series Fund Growth and Income Portfolio3	Specialty Sector Equity Funds
MFS® Capital Appreciation Portfolio - S Class	AllianceBernstein VPS Global Technology Portfolio
MFS® Growth Portfolio - S Class4	MFS® Utilities Portfolio - S Class
MFS® Massachusetts Investors Growth Stock	Real Estate Equity Funds
Portfolio - S Class	Sun Capital Global Real Estate Fund®9
MFS® Blended Research Core Equity Portfolio5 - S Class	Bear Market Equity Funds
Rydex VT Nova Fund	Rydex VT NASDAQ-100® Fund7
SCSM Davis Venture Value Fund	Asset Allocation Funds
SCSM FI Large Cap Growth Fund	MFS® Total Return Portfolio - S Class
SCSM Lord Abbett Growth and Income Fund	Money Market Funds
SCSM Oppenheimer Large Cap Core Fund8	Sun Capital Money Market Fund®
Mid-Cap Equity Funds	Intermediate-Term Bond Funds
AIM V.I. Dynamics Fund	MFS® Government Securities Portfolio - S Class
Lord Abbett Series Fund Mid Cap Value Portfolio3	PIMCO VIT Total Return Portfolio
SCSM Blue Chip Mid Cap Fund	Sun Capital Investment Grade Bond Fund®
SCSM Goldman Sachs Mid Cap Value Fund	Inflation-Protected Bond Funds
Small-Cap Equity Funds	PIMCO VIT Real Return Portfolio
AIM V.I. Small Cap Growth Fund	High Yield Bond Funds
Alger American SmallCap Growth Portfolio1,6	MFS® High Yield Portfolio - S Class
AllianceBernstein VPS Small Cap Growth Portfolio	PIMCO VIT High Yield Portfolio3
Goldman Sachs VIT Structured Small Cap Equity Fund2	SCSM PIMCO High Yield Fund
JPMorgan Small Company Portfolio2	Emerging Markets Bond Fund
MFS® New Discovery Portfolio - S Class	PIMCO VIT Emerging Markets Bond Portfolio
SCSM Oppenheimer Main Street Small Cap Fund
International/Global Equity Funds
AIM V.I. International Growth Fund
AllianceBernstein VPS International Growth Portfolio

________________________________________

1Not available for further investment after May 1, 2002.

2Not available to Contracts issued on or after May 1, 2001.

3 On July 2, 2007, a substitution order was filed with the SEC to approve the substitution of shares of SCSM Lord Abbett Growth and Income Fund, SCSM Goldman Sachs Mid Cap Value Fund, and SCSM PIMCO High Yield Fund for shares of Lord Abbett Series Fund Growth and Income Portfolio, Lord Abbett Series Fund Mid Cap Value Portfolio and PIMCO VIT High Yield Portfolio respectively. Lord Abbett Series Fund Growth and Income Portfolio, Lord Abbett Series Fund Mid Cap Value Portfolio and PIMCO VIT High Yield Portfolio are no longer available for investment.

4 Formerly MFS® Emerging Growth Series.

5 Formerly MFS® Massachusetts Investors Trust Series.

6 Formerly Alger American Small Capitalization Portfolio.

7 Formerly Rydex VT OTC Fund.

8 Formerly Sun Capital® All Cap Fund.

9 Formerly Sun Capital Real Estate Fund®.

AllianceBernstein, L.P., advises the AllianceBernstein VP Portfolios. Arnhold and S. Bleichroeder Advisers, LLC advises the First Eagle Variable Fund Trust.  Fidelity® Management & Research Company advises the Fidelity VIP Portfolios (with Fidelity Research & Analysis Company, Fidelity Management & Research (U.K.) Inc., Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited, and Fidelity Investments Japan Limited serving as sub-advisers for all Fidelity VIP Portfolios). Fred Alger Management, Inc., advises the Alger American Funds. Goldman Sachs Asset Management, L.P., advises the Goldman Sachs VIT Funds. Invesco Aim Advisors, Inc., advises the AIM Variable Insurance Funds (with Invesco Trimark Investment Management Inc.; Invesco Global Asset Management (N.A.), Inc.; Invesco Institutional (N.A.), Inc.; Invesco Senior Secured Management, Inc.; Invesco Hong Kong Limited; Invesco Asset Management Limited; Invesco Asset Management (Japan) Limited; Invesco Asset Management Deutschland, GmbH; and Invesco Australia Limited serving as sub-advisors). J.P. Morgan Investment Management Inc., advises the J.P. Morgan Series Trust II Portfolios. Lord, Abbett & Co. LLC advises the Lord Abbett Series Fund Portfolios.  Massachusetts Financial Services Company advises the MFS/Sun Life Funds. Pacific Investment Management Company LLC advises the PIMCO VIT Portfolios.  Rydex Investments advises the Rydex VT Portfolios.  Sun Capital Advisers LLC advises the Sun Capital Funds;  SCSM Davis Venture Value Fund (sub-advised by Davis Advisors); SC FI Large Cap Growth Fund (sub-advised by Pyramis Global Advisors, LLC); SCSM Oppenheimer Main Street Small Cap Fund and SCSM Oppenheimer Large Cap Core Fund (sub-advised by OppenheimerFunds, Inc.); SCSM Lord Abbett Growth & Income Fund (sub-advised by Lord, Abbett & Co. LLC); SCSM Goldman Sachs Mid Cap Value Fund (sub-advised by Goldman Sachs Asset Management, L.P.); SCSM PIMCO High Yield Fund (sub-advised by Pacific Investment Management Company LLC); and the SCSM Blue Chip Mid Cap Fund (sub-advised by Wellington Management Company, LLP).  Templeton® Investment Counsel, LLC, advises Templeton Foreign Securities Fund and Templeton® Global Advisors Limited advises Templeton Growth Securities Fund.

Please refer to the appendix entitled "Previously Available Investment Options" for information about certain Funds that are no longer available in connection with new Contracts being issued, but that are still available under certain Contracts that are already outstanding.

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

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

We have filed a Statement of Additional Information dated May 1, 2008 (the "SAI") with the Securities and Exchange Commission (the "SEC"), which is incorporated by reference in this Prospectus. The table of contents for the SAI is on page 46 of this Prospectus. You may obtain a copy without charge by writing to us at the address shown below (which we sometimes refer to as our "Annuity Mailing Address") or by telephoning (800) 752-7215. In addition, the SEC maintains a website (http://www.sec.gov) that contains the SAI, material incorporated by reference, and other information regarding companies that file with the SEC.

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

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

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

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

  P.O. Box 9133

  Wellesley Hills, Massachusetts 02481

TABLE OF CONTENTS

·                                                                                                                                              SPECIAL TERMS [INSERT PAGE NUMBER]

·                                                                                                                                              PRODUCT HIGHLIGHTS [INSERT PAGE NUMBER]

·                                                                                                                                              FEES AND EXPENSES [INSERT PAGE NUMBER]

·                                                                                                                                              EXAMPLE [INSERT PAGE NUMBER]

·                                                                                                                                              CONDENSED FINANCIAL INFORMATION [INSERT PAGE NUMBER]

·                                                                                                                                              THE ANNUITY CONTRACT [INSERT PAGE NUMBER]

·                                                                                                                                              COMMUNICATING TO US ABOUT YOUR CONTRACT [INSERT PAGE NUMBER]

·                                                                                                                                              SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.) [INSERT PAGE NUMBER]

·                                                                                                                                              THE VARIABLE ACCOUNT [INSERT PAGE NUMBER]

·                                                                                                                                              VARIABLE ACCOUNT OPTIONS: THE FUNDS [INSERT PAGE NUMBER]

·                                                                                                                                              THE FIXED ACCOUNT [INSERT PAGE NUMBER]

·                                                                                                                                              THE FIXED ACCOUNT OPTIONS: THE GUARANTEE PERIODS [INSERT PAGE NUMBER]

·                                                                                                                                              THE ACCUMULATION PHASE [INSERT PAGE NUMBER]

·                                                                                                                                            Issuing Your Contract [INSERT PAGE NUMBER]

·                                                                                                                                            Amount and Frequency of Purchase Payments [INSERT PAGE NUMBER]

·                                                                                                                                            Allocation of Net Purchase Payments [INSERT PAGE NUMBER]

·                                                                                                                                            Your Account [INSERT PAGE NUMBER]

·                                                                                                                                            Your Account Value [INSERT PAGE NUMBER]

·                                                                                                                                            Variable Account Value [INSERT PAGE NUMBER]

·                                                                                                                                            Fixed Account Value [INSERT PAGE NUMBER]

·                                                                                                                                            Transfer Privilege [INSERT PAGE NUMBER]

·                                                                                                                                            Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates [INSERT PAGE NUMBER]

·                                                                                                                                            Other Programs [INSERT PAGE NUMBER]

·                                                                                                                                              WITHDRAWALS, WITHDRAWAL CHARGE AND MARKET VALUE ADJUSTMENT [INSERT PAGE NUMBER]

·                                                                                                                                            Cash Withdrawals [INSERT PAGE NUMBER]

·                                                                                                                                            Withdrawal Charge [INSERT PAGE NUMBER]

·                                                                                                                                            Types of Withdrawals Not Subject to Withdrawal Charge [INSERT PAGE NUMBER]

·                                                                                                                                            Market Value Adjustment [INSERT PAGE NUMBER]

·                                                                                                                                              CONTRACT CHARGES [INSERT PAGE NUMBER]

·                                                                                                                                            Account Fee [INSERT PAGE NUMBER]

·                                                                                                                                            Administrative Expense Charge [INSERT PAGE NUMBER]

·                                                                                                                                            Mortality and Expense Risk Charge [INSERT PAGE NUMBER]

·                                                                                                                                            Charges for Optional Death Benefit Riders [INSERT PAGE NUMBER]

·                                                                                                                                            Premium Taxes [INSERT PAGE NUMBER]

·                                                                                                                                            Fund Expenses [INSERT PAGE NUMBER]

·                                                                                                                                            Modification in the Case of Group Contracts [INSERT PAGE NUMBER]

·                                                                                                                                              DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                            Amount of Death Benefit [INSERT PAGE NUMBER]

·                                                                                                                                            The Basic Death Benefit [INSERT PAGE NUMBER]

·                                                                                                                                            Optional Death Benefit Riders [INSERT PAGE NUMBER]

·                                                                                                                                            Spousal Continuance [INSERT PAGE NUMBER]

·                                                                                                                                            Calculating the Death Benefit [INSERT PAGE NUMBER]

·                                                                                                                                            Method of Paying Death Benefit [INSERT PAGE NUMBER]

·                                                                                                                                            Non-Qualified Contracts [INSERT PAGE NUMBER]

·                                                                                                                                            Selection and Change of Beneficiary [INSERT PAGE NUMBER]

·                                                                                                                                            Payment of Death Benefit [INSERT PAGE NUMBER]

·                                                                                                                                            Due Proof of Death [INSERT PAGE NUMBER]

·                                                                                                                                              THE INCOME PHASE - ANNUITY PROVISIONS [INSERT PAGE NUMBER]

·                                                                                                                                            Selection of the Annuitant or Co-Annuitant [INSERT PAGE NUMBER]

·                                                                                                                                            Selection of the Annuity Commencement Date [INSERT PAGE NUMBER]

·                                                                                                                                            Annuity Options [INSERT PAGE NUMBER]

·                                                                                                                                            Selection of Annuity Option [INSERT PAGE NUMBER]

·                                                                                                                                            Amount of Annuity Payments [INSERT PAGE NUMBER]

·                                                                                                                                            Exchange of Variable Annuity Units [INSERT PAGE NUMBER]

·                                                                                                                                            Account Fee [INSERT PAGE NUMBER]

·                                                                                                                                            Annuity Payment Rates [INSERT PAGE NUMBER]

·                                                                                                                                            Annuity Options as Method of Payment for Death Benefit [INSERT PAGE NUMBER]

·                                                                                                                                              OTHER CONTRACT PROVISIONS [INSERT PAGE NUMBER]

·                                                                                                                                            Exercise of Contract Rights [INSERT PAGE NUMBER]

·                                                                                                                                            Change of Ownership [INSERT PAGE NUMBER]

·                                                                                                                                            Voting of Fund Shares [INSERT PAGE NUMBER]

·                                                                                                                                            Reports to Owners [INSERT PAGE NUMBER]

·                                                                                                                                            Substitution of Securities [INSERT PAGE NUMBER]

·                                                                                                                                            Change in Operation of Variable Account [INSERT PAGE NUMBER]

·                                                                                                                                            Splitting Units [INSERT PAGE NUMBER]

·                                                                                                                                            Modification [INSERT PAGE NUMBER]

·                                                                                                                                            Discontinuance of New Participants [INSERT PAGE NUMBER]

·                                                                                                                                            Reservation of Rights [INSERT PAGE NUMBER]

·                                                                                                                                            Right to Return [INSERT PAGE NUMBER]

·                                                                                                                                              TAX CONSIDERATIONS [INSERT PAGE NUMBER]

·                                                                                                                                            U.S. Federal Income Tax Considerations [INSERT PAGE NUMBER]

·                                                                                                                                            Puerto Rico Tax Considerations [INSERT PAGE NUMBER]

·                                                                                                                                              ADMINISTRATION OF THE CONTRACT [INSERT PAGE NUMBER]

·                                                                                                                                              DISTRIBUTION OF THE CONTRACT [INSERT PAGE NUMBER]

·                                                                                                                                              AVAILABLE INFORMATION [INSERT PAGE NUMBER]

·                                                                                                                                              INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE [INSERT PAGE NUMBER]

·                                                                                                                                              STATE REGULATION [INSERT PAGE NUMBER]

·                                                                                                                                              LEGAL PROCEEDINGS [INSERT PAGE NUMBER]

·                                                                                                                                              FINANCIAL STATEMENTS [INSERT PAGE NUMBER]

·                                                                                                                                              TABLE OF CONTENTS OF STATEMENT OF ADDITIONAL INFORMATION [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX A - GLOSSARY [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX B - WITHDRAWALS, WITHDRAWAL CHARGES AND THE MARKET VALUE ADJUSTMENT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX C - CALCULATION OF BASIC DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX D - CALCULATION OF EEB OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX E - CALCULATION OF EEB AND MAV AND 5% ROLL-UP DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX F - CALCULATION OF EEB PLUS OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX G - CALCULATION OF EEB PLUS WITH MAV OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX H - CALCULATION OF EEB PLUS WITH 5% ROLL-UP OPTIONAL DEATH BENEFIT [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX I - PREVIOUSLY AVAILABLE INVESTMENT OPTIONS [INSERT PAGE NUMBER]

·                                                                                                                                              APPENDIX J - CONDENSED FINANCIAL INFORMATION [INSERT PAGE NUMBER]

SPECIAL TERMS

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

PRODUCT HIGHLIGHTS

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

The Annuity Contract

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

The Accumulation Phase

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

Variable Account Options:  The Funds

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

The Fixed Account Options:  The Guarantee Periods

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

Fees and Expenses

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

Each year for the first five Account Years, if your Account Value is less than $75,000 on your Account Anniversary, we deduct a $35 Annual Account Fee.  After the fifth Account Year, we may increase the fee, but it will never exceed $50.  We will waive the Account Fee if your Contract was fully invested in the Fixed Account during the entire Account Year.

During the Accumulation Phase, we deduct a mortality and expense risk charge at an annual rate of 1.00% of the average daily value of the Contract invested in the Variable Account, if your initial Purchase Payment was less than $1,000,000, or 0.85% if your initial Purchase Payment was $1,000,000 or more.  We also deduct an administrative charge at an annual rate of 0.15% of the average daily value of the Contract invested in the Variable Account.  If you annuitize before your eighth Account Anniversary, we will deduct, during the Income Phase, an additional charge equal to an annual rate of 0.25% of your daily Account Value.

If you take more than a specified amount of money out of your Contract, we assess a withdrawal charge against each Purchase Payment withdrawn.  For each Purchase Payment, the withdrawal charge (also known as a "contingent deferred sales charge") starts at 7% and declines to 0% after the Purchase Payment has been in the Contract for seven years.

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

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

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

The Income Phase:  Annuity Provisions

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

During the Income Phase, the total insurance charges are deducted on a daily basis at an annual rate of 1.15% of your Account Value invested in the Variable Account (1.00% if your initial Purchase Payment was $1,000,000 or more). If your Annuity Commencement Date is within 7 years of the Contract Date, the annual insurance charges will be increased by 0.25%.

Death Benefit

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

Withdrawals, Withdrawal Charge and Market Value Adjustment

You can withdraw money from your Contract during the Accumulation Phase.  You may withdraw a portion of your Account Value each year without the imposition of a withdrawal charge.  This "free withdrawal amount" equals 15% of the amount of all Purchase Payments you have made in the first Account Year. For all other Account Years, the "free withdrawal amount" equals the amount of all Purchase Payments made and not withdrawn prior to the last 7 Account Years plus the greater of (1) your Contract's earnings, minus any free withdrawals taken during the life of your Contract or (2) 15% of the amount of all Purchase Payments made during the last 7 Account Years (including the current year) minus any free withdrawals taken during the current Account Year. Withdrawals made from the Fixed Account may also be subject to a Market Value Adjustment (see prospectus under "Market Value Adjustment"). You may also have to pay income taxes and tax penalties on money you withdraw.

Right to Return

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

Tax Considerations

Your earnings are not taxed until you take them out.  If you withdraw money during the Accumulation Phase, earnings come out first and are taxed as income.  If you are younger than 59½ when you take money out, you may be charged a 10% federal tax penalty.

___________

NOTE ABOUT OTHER ANNUITY CONTRACTS THAT WE OFFER: In addition to the Contracts, we currently offer many other forms of annuity contracts with a wide variety of features, benefits and charges. Depending on your circumstances and needs, some of these other contracts may be at lower cost to you. Not all of the annuity contracts that we offer are available in all jurisdictions or through all of the selling agents who offer the contracts. You should consider with your selling agent what annuity contract or financial product is most consistent with your needs and preferences.

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

     Sun Life Assurance Company of Canada (U.S.)

     P.O. Box 9133

     Wellesley Hills, Massachusetts  02481

     Toll Free (800) 752-7215

FEES AND EXPENSES

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

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

Contract Owner Transaction Expenses

Sales Load Imposed on Purchases (as a percentage of Purchase Payments):		0%
Maximum Withdrawal Charge (as a percentage of Purchase Payments):		7%*
Number of Complete Account Years Since Purchase Payment has been in the Account	Withdrawal Charge
0-1	7%
1-2	7%
2-3	6%
3-4	6%
4-5	5%
5-6	4%
6-7	3%
7 or more	0%
Maximum Fee Per Transfer (currently $0):		$15**
Premium Taxes (as a percentage of Certificate Value or total Purchase Payments):		0% - 3.5%***

*	A portion of your Account may be withdrawn each year without imposition of any withdrawal charge and, after a Purchase Payment has been in your Account for 7 Account Years, it may be withdrawn free of the withdrawal charge.  (See "Withdrawal Charges.")
**	Currently, we impose no fee upon transfers; however, we reserve the right to impose a fee of up to $15 per transfer.  We do impose certain restrictions upon the number and frequency of transfers.  (See "Transfer Privilege.")
***	The premium tax rate and base vary by your state of residence and the type of Certificate you own. Currently, we deduct premium taxes from Certificate Value upon full surrender (including a surrender for the death benefit) or annuitization. (See "Contract Charges -- Premium Taxes.")

The tables below describe the fees and expenses that you will pay periodically during the time that you own the Contract, not including Fund fees and expenses.

Annual Account Fee $ 50*

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

	Mortality and Expense Risks Charge:	1.00%**
	Administrative Expenses Charge:	0.15%
Total Variable Account Annual Expenses (without optional benefits):		1.15%

Charges for Optional Death Benefit Features

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

	Maximum Charge for Optional Death Benefit Rider:	0.40%***
Total Variable Account Annual Expenses with Maximum Charge for Optional Death Benefit       Riders:		1.55%

*	The Annual Account Fee is currently $35. After the fifth Account Year, the fee may be changed, but it will never be greater than $50.  The fee is waived if 100% of your Account Value has been allocated only to the Fixed Account during the entire Account Year or if your Account Value is $75,000 or more on your Account Anniversary. (See "Account Fee.")
**	If your initial Purchase Payment is $100,000 or more, the mortality and expense risks charge will be 0.85% of average daily net Variable Account assets. After annuitization, the sum of the mortality and expense risks charge and the administrative expenses charge will never be greater than 1.15% of average daily net Variable Account assets, regardless of the amount of your initial Purchase Payment.  If you annuitize prior to your eighth Account Anniversary, however, we will deduct an additional charge equal to 0.25% of your daily Account Value. (See "Mortality and Expense Risks Charge.")
***	The optional death benefit riders are defined under "Death Benefit."  The charge varies depending upon the rider selected.

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

Total Annual Fund Operating Expenses		Minimum	Maximum
	(expenses as a percentage of average daily Fund net assets that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
Prior to any fee waiver or expense reimbursement*		0.65%	1.51%

* The expenses shown are for the year ended December 31, 2007, and do not reflect any fee waiver or expense reimbursement. The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits. The expenses of some Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through April 30, 2009. Other Funds have voluntary fee reduction and/or expense reimbursement arrangements that may be terminated at any time. If all such contractual or voluntary arrangements are taken into account, the minimum and maximum Total Annual Fund Operating Expenses for all Funds fall within the range shown. Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.

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

EXAMPLE

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

The Example assumes that you invest $10,000 in the Contract for the time periods indicated and that your Contract includes the maximum charges for an optional death benefit (EEB and MAV and 5% Roll-Up, EEB Plus MAV, or EEB Plus with 5% Roll-Up).  If these optional benefits were not elected or fewer options were elected, the expense figures shown below would be lower.  The Example also assumes that your investment has a 5% return each year and assumes the maximum fees and expenses of any of the Funds.  For purposes of converting the annual contract fee to a percentage, the Example assumes an average Contract size of $35,000.  In addition, this Example assumes no transfers were made and no premium taxes were deducted.  If these arrangements were considered, the expenses shown would be higher.  This Example also does not take into consideration any fee waiver or expense reimbursement arrangement of the Funds.  If these arrangements were taken into consideration, the expenses shown would be lower.

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

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

1 year	3 years	5 years	10 years
$927	$1,518	$2,127	$3,489

(2) If you annuitize your Contract or if you do notsurrender your Contract at the end of the applicable time period:

1 year	3 years	5 years	10 years
$319	$974	$1,654	$3,489

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

CONDENSED FINANCIAL INFORMATION

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

THE ANNUITY CONTRACT

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

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

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

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

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

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

COMMUNICATING TO US ABOUT YOUR CONTRACT

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

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

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

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

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

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

THE VARIABLE ACCOUNT

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

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

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

VARIABLE ACCOUNT OPTIONS: THE FUNDS

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

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

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

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

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

THE FIXED ACCOUNT

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

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

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

THE FIXED ACCOUNT OPTIONS: THE GUARANTEE PERIODS

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

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

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

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

THE ACCUMULATION PHASE

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

Issuing Your Contract

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

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

Amount and Frequency of Purchase Payments

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

Allocation of Net Purchase Payments

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

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

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

Your Account

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

Your Account Value

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

Variable Account Value

     Variable Accumulation Units

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

     Variable Accumulation Unit Value

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

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

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

     Crediting and Canceling Variable Accumulation Units

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

Fixed Account Value

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

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

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

     Crediting Interest

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

     Guarantee Amounts

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

     Renewals

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

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

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

     Early Withdrawals

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

Transfer Privilege

     Permitted Transfers

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

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

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

We reserve the right to waive these restrictions and exceptions at any time, as discussed under "Short-Term Trading," or to change them.  Any change will be applied uniformly.  We will notify you of any change prior to its effectiveness.

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

     Requests for Transfers

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

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

     Short-Term Trading

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

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

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

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

We will provide you written notification of any restrictions imposed.

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

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

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

     Funds' Shareholder Trading Policies

In addition to the restrictions that we impose (as described under "Permitted Transfers" and "Short-Term Trading"), most of the Funds have adopted restrictions or other policies about transfers or other purchases and sales of the Fund's shares. These policies (the "Funds' Shareholder Trading Policies") are intended to protect the Fund from short-term trading or other trading practices that are potentially harmful to the Fund. The Funds' Shareholder Trading Policies may be more restrictive in some respects than the restrictions that we otherwise would impose, and the Funds may modify their Shareholder Trading Policies from time to time.

We are legally obligated to provide (at the Funds' request) information about each amount you cause to be deposited into a Fund (including by way of Purchase Payments and transfers under your Contract) or removed from the Fund (including by way of withdrawals and transfers under your Contract). If a Fund identifies you as having violated the Fund's Shareholder Trading Policies, we are obligated, if the Fund requests, to restrict or prohibit any further deposits or exchanges by you (or a third party acting on your behalf) in respect of that Fund. Any such restriction or prohibition may remain in place indefinitely.

Accordingly, if you do not comply with any Fund's Shareholder Trading Policies, you (or a third party acting on your behalf) may be prohibited from directing any additional amounts into that Fund or directing any transfers or other exchanges involving that Fund. You should review and comply with each Fund's Shareholder Trading Policies, which are disclosed in the Funds' current prospectuses.

Funds may differ significantly as to such matters as: (a) the amount, format, and frequency of information that the Funds request from us about transactions that our customers make; and (b) the extent and nature of any limits or restrictions that the Funds request us to impose upon such transactions. As a result of these differences, the costs borne by us and (directly or indirectly) by our customers may be significantly increased. Any such additional costs may outweigh any additional protection that would be provided to our customers, particularly in view of the protections already afforded by the trading restrictions that we impose as described under "Permitted Transfers" and under " Short-Term Trading." Also, if a Fund imposes more strict trading restrictions than are reasonably necessary under the circumstances, you could be deprived of potentially valuable flexibility to make transactions with respect to that Fund.  For these and other reasons, we may disagree with the timing or substance of a Fund's requests for information from us or with any transaction limits or restrictions that the Fund requests us to impose upon our customers.  If any such disagreement with respect to a Fund cannot be satisfactorily resolved, the Fund might be restricted or, subject to obtaining any required regulatory approval, replaced as a variable investment option.

Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates

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

Other Programs

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

     Dollar-Cost Averaging

Dollar-cost averaging allows you to invest gradually, over time, in up to 12 Sub-Accounts. You may select a dollar-cost averaging program at no extra charge by allocating a minimum amount to a designated Sub-Account or to a Guarantee Period we make available in connection with the progrAmerican  (We reserve the right to limit minimum investments to at least $1,000.) Amounts allocated to the Fixed Account under the program will earn interest at a rate declared by the Company for the Guarantee Period you select. Previously applied amounts may not be transferred to a Guarantee Period made available in connection with this progrAmerican At regular time intervals, we will transfer the same amount automatically to one or more Sub-Accounts that you choose, up to a maximum of 12 Sub-Accounts. The program continues until your Account Value allocated to the program is depleted or you elect to stop the progrAmerican The final amount transferred from the Fixed Account will include all interest earned.

No Market Value Adjustment (either positive or negative) will apply to amounts automatically transferred from the Fixed Account under the dollar-cost averaging progrAmerican However, if you discontinue or alter the program prior to completion, amounts remaining in the Fixed Account will be transferred to the Money Market Fund investment option under the Contract, unless you instruct us otherwise, and the Market Value Adjustment will be applied. Any allocation of a new Purchase Payment to the program will be treated as commencing a new dollar-cost averaging program and may be subject to the $1,000 minimum investment limit.

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

     Asset Allocation

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

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

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

     Systematic Withdrawal and Interest Out Programs

You may select our Systematic Withdrawal Program or our Interest Out Program.  Under the Systematic Withdrawal Program, you determine the amount and frequency of regular withdrawals you would like to receive from your Fixed Account Value and/or Variable Account Value and we will process them automatically.  Under the Interest Out Program, we automatically pay you or reinvest interest credited for all Guarantee Periods you have chosen.  The withdrawals under these programs may be subject to surrender charges and a Market Value Adjustment. They may also be included as income and subject to a 10% federal tax penalty. You should consult a qualified tax professional before choosing these options.  We reserve the right to limit the election of either of these programs to Contracts with a minimum Account Value of $10,000.

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

     Portfolio Rebalancing Program

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

No transfers to or from any Guarantee Period are permitted while this program is in effect.

     Principal Return Program

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

WITHDRAWALS, WITHDRAWAL CHARGE AND MARKET VALUE ADJUSTMENT

Cash Withdrawals

     Requesting A Withdrawal

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

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

     Full Withdrawals

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

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

     Partial Withdrawals

Unless you specify otherwise, when you request a partial withdrawal, we will pay you the amount specified in your request adjusted by any applicable charges and/or MVA and then reduce the value of your Account by the gross amount of the withdrawal.

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

Withdrawals may significantly reduce the death benefit amount.  In calculating the amount payable under the death benefit, we may reduce the benefit by an amount that is greater than the amount of the withdrawal, depending on the circumstances. Accordingly, you should refer to the more detailed discussions of the optional death benefit riders that appear elsewhere in this Prospectus for information about the effects that withdrawals will have on those benefits.

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

     Time of Payment

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

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

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

     Withdrawal Restrictions for Qualified Plans

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

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

Withdrawal Charge

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

     Free Withdrawal Amount

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

For convenience in discussing free withdrawal amounts, we refer to Purchase Payments made during the last 7 Account Years, including the current Account Year, as "New Payments," and we refer to Purchase Payments made before the last 7 Account Years as "Old Payments."

For the first Account Year, the free withdrawal amount is equal to 15% of the amount of all Purchase Payments you have made. For all other Account Years, the free withdrawal amount is equal to the greater of:

l	your Contract's earnings (defined below), minus any free withdrawals taken during the life of your Contract, or
l	15% of the amount of all New Payments minus any free withdrawals taken during the current Account Year.

Your Contract's earnings are equal to:

l	your Account Value, minus
l	all Purchase Payments made plus
l	all partial withdrawals and charges taken.

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

     Withdrawal Charge on Purchase Payment

If you withdraw more than the free withdrawal amount, we consider the excess amount to be withdrawn first from Payments that you have not previously withdrawn. We impose the withdrawal charge on the amount of New Payments withdrawn. Thus, the maximum amount on which we will impose the withdrawal charge will never exceed the total of New Payments that you have not previously withdrawn.

     Order of Withdrawal

When you take a withdrawal, we liquidate your Contract in the following order:

(1)	the free withdrawal amount, and
(2)	unliquidated payments on a first-in, first-out basis.

     Calculation of Withdrawal Charge

We calculate the amount of the withdrawal charge by multiplying the Purchase Payments you withdraw by a percentage. The percentage varies according to the number of Account Years the Purchase Payment has been held in your Account, including the Account Year in which you made the Payment, but not the Account Year in which you withdraw it. Each Payment begins a new 7-year period and moves down the declining surrender charge scale as shown below at each Account Anniversary. Payments received during the current Account Year will be charged 7%, if withdrawn. On your next scheduled Account Anniversary, that Payment, along with any other Payments made during that Account Year, will be considered to be in their second Account Year and will have a 7% withdrawal charge. On the next Account Anniversary, these Payments will move into their third Account Year and will have a withdrawal charge of 6%, if withdrawn. This withdrawal charge decreases according to the number of Account Years the Purchase Payment has been held in your Account.  The Withdrawal Charge scales is as follows:

Number of Account Years
Payment Has Been	Withdrawal
In Your Contract	Charge
0-1	7%
1-2	7%
2-3	6%
3-4	6%
4-5	5%
5-6	4%
6-7	3%
7 or more	0%

For example, the percentage applicable to withdrawals of a Payment that has been in an Account for more than 2 Account Years but less than 3 will be 6%, regardless of the issue date of the Contract.

The withdrawal charge will never be greater than 7% of the Purchase Payments you make under your Contract.

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

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

Types of Withdrawals Not Subject to Withdrawal Charge

     Nursing Home Waiver

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

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

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

     Minimum Distributions

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

     Other Withdrawals

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

Market Value Adjustment

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

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

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

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

[(1 + I) ÷ (1 + J + b)](N/12)  -  1

where:

I is the Guaranteed Interest Rate applicable to the Guarantee Amount from which you withdraw, transfer or annuitize;

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

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

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

CONTRACT CHARGES

Account Fee

During the Accumulation Phase of your Contract, we will deduct from your Account an annual Account Fee to help cover the administrative expenses we incur related to the issuance of Contracts and the maintenance of Accounts. We deduct the Account Fee on each Account Anniversary. In Account Years 1 through 5, the annual Account Fee is $35. After Account Year 5, we may change the Account Fee each year, but the Account Fee will never exceed $50. We deduct the Account Fee pro rata from each Sub-Account and each Guarantee Period, based on the allocation of your Account Value on your Account Anniversary.

We will not charge the Account Fee if:

l	your Account Value has been allocated only to the Fixed Account during the applicable Account Year; or
l	your Account Value is $75,000 or more on your Account Anniversary.

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

After the Annuity Commencement Date, we will deduct an annual Account Fee of $35 in the aggregate in equal amounts from each Variable Annuity payment we make during the year. We do not deduct any Account Fee from Fixed Annuity payments.

Administrative Expense Charge

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

Depending on the amount of expenses that we incur, we expect that we may earn a profit from this charge. If so, we may use the profit for any proper corporate purpose, including paying any other expenses in connection with the Contracts or adding to our corporate surplus.

Mortality and Expense Risk Charge

During the Accumulation Phase, we deduct a mortality and expense risk charge from the assets of the Variable Account at an effective annual rate equal to 1.00%, if your initial Purchase Payment was less than $1,000,000, or 0.85% if your initial Purchase Payment was $1,000,000 or more. However, if you annuitize your Contract prior to your eighth Contract Anniversary, we will deduct an additional 0.25% during the Income Phase to offset the increased mortality risk during this phase. We assume numerous mortality and expense risks under the Contracts. These risks include, but are not limited to, (1) the risk that arises from our contractual obligation to continue to make annuity payments to each Annuitant, regardless of how long the Annuitant lives and regardless of how long all Annuitants as a group live; (2) the risk that arises from our contractual obligation to pay a death benefit upon the death of the Participant prior to the Annuity Commencement Date, including in cases where the death benefit is greater than a Contract's Account Value; (3) the risk that our cost of providing benefits according to the terms of any optional death benefit riders will exceed the amount of the charges we deduct for those riders; and (4) the risk that the annual Account Fee and the administrative expense charge we assess under the Contract may be insufficient to cover the actual total administrative expenses we incur. If the amount of the charge is insufficient to cover our costs resulting from these and other mortality and expense risks, we will bear the loss. If, as we expect, the amount of the charge is more than sufficient to cover the risks, we will make a profit on the charge. We may use this profit for any proper corporate purpose, including the payment of marketing and distribution expenses for the Contract. In setting the rate of this charge, we not only consider our expected mortality and expense risks, but also our objective to earn a profit from the Contracts, after all of the costs, expenses, credits, and benefits we expect to pay in connection with the Contracts.

Charges for Optional Death Benefit Riders

If you elect an optional death benefit rider, we will deduct, during the Accumulation Phase, a charge from the assets of the Variable Account depending upon which of the optional death benefit rider(s) you elect. The effective annual percentage rates of these charges are set out below.

	% of Variable
Rider(s) You Elect*	Account Value
"EEB"	0.15%
"MAV"	0.15%
"5% Roll-Up"	0.15%
"EEB" and "MAV"	0.25%
"EEB" and "5% Roll-Up"	0.25%
"MAV" and "5% Roll-Up"	0.25%
"EEB Plus"	0.25%
"EEB" and "MAV" and "5% Roll-Up"	0.40%
"EEB Plus with MAV"	0.40%
"EEB Plus with 5% Roll-Up"	0.40%

*As defined under "Optional Death Benefit Riders."

Premium Taxes

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

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

Fund Expenses

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

Modification in the Case of Group Contracts

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

DEATH BENEFIT

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

Amount of Death Benefit

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

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

The Basic Death Benefit

In general, if you were 85 or younger on your Contract Date (the date we accepted your first Purchase Payment), the death benefit will be the greatest of the following amounts:

(1)	your Account Value for the Valuation Period during which the Death Benefit Date occurs;
(2)	the amount we would pay if you had surrendered your entire Account on the Death Benefit Date; and
(3)	your total Purchase Payments (adjusted for partial withdrawals) as of the Death Benefit Date. See "Calculating the Death Benefit." Because of the way that Adjusted Purchase Payments are computed, a withdrawal may cause the basic death benefit to decrease by more than the amount of the withdrawal.

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

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

Optional Death Benefit Riders

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

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

     Maximum Anniversary Account Value ("MAV") Rider

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

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

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

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

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

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

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

     Earnings Enhancement ("EEB") Rider

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

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

     Earnings Enhancement Plus ("EEB Plus") Rider

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

l

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

l

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

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

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

l

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

l

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

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

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

l

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

l

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

     Selecting Multiple Death Benefit Riders

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

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

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

Spousal Continuance

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

Calculating the Death Benefit

In calculating the death benefit amount payable under option (3) of the "Basic Death Benefit" or any of the optional death benefit riders, any partial withdrawals will reduce the death benefit amount to an amount equal to the death benefit amount immediately before the withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal. Because of the way these adjustments are computed, a withdrawal may cause the basic death benefit to decrease by more than the amount of the withdrawal.

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

Method of Paying Death Benefit

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

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

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

Non-Qualified Contracts

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

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

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

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

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

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

Selection and Change of Beneficiary

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

Payment of Death Benefit

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

Due Proof of Death

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

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

THE INCOME PHASE - ANNUITY PROVISIONS

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

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

Once the Income Phase begins, no lump sum settlement option or cash withdrawals are permitted, except pursuant to Annuity Option D, Monthly Payments for a Specified Period Certain, as described below under the heading "Annuity Options," and you cannot change the Annuity Option selected. (Also, a Beneficiary receiving payments after the Annuitant's death under Option B, Life Annuity with 60, 120, 180 or 240 Monthly Payments Certain, may elect to receive the discounted value of the remaining payments in a single sum, as discussed under "Annuity Options.") You may request a full withdrawal before the Annuity Commencement Date, which will be subject to all charges applicable on withdrawals. (See "Withdrawals, Withdrawal Charge and Market Value Adjustment.")

Selection of the Annuitant or Co-Annuitant

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

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

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

Selection of the Annuity Commencement Date

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

l	The earliest possible Annuity Commencement Date is the first day of the second month following your Contract Date.
l	The latest possible Annuity Commencement Date is the first day of the month following the Annuitant's 95th birthday ("maximum Annuity Commencement Date") or, if there is a Co-Annuitant, the 95th birthday of the younger of the Annuitant and Co-Annuitant.
l	The Annuity Commencement Date must always be the first day of a calendar month.

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

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

There may be other restrictions on your selection of the Annuity Commencement Date imposed by your retirement plan or applicable law. In most situations, current law requires that for a Qualified Contract, certain minimum distributions must commence no later than April 1 following the year the Annuitant reaches age 70½ (or, for Qualified Contracts other than IRAs, no later than April 1 following the year the Annuitant retires, if later than the year the Annuitant reaches age 70½).

Annuity Options

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

     Annuity Option A - Life Annuity

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

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

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

     Annuity Option C - Joint and Survivor Annuity

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

     Annuity Option D - Monthly Payments for a Specified Period Certain

We make monthly payments for a specified period of time from 5 to 30 years, as you elect. The longer the period you elect, the smaller your monthly payments will be. If payments under this option are paid on a variable annuity basis, the Annuitant may elect to receive, at any time, some or all of the discounted value of the remaining payments, less any applicable withdrawal charge; the discount rate for this purpose will be the assumed interest rate in effect. If the Annuitant dies during the period selected, the remaining income payments are made as described above for the payments to a Beneficiary under Annuity Option B. The election of this Annuity Option may result in the imposition of a penalty tax. The 5, 6, 7, 8 and 9-year period certain options are not available if your Account has been issued within the past 7 years unless (a) you or your Beneficiary are selecting this Annuity Option to be used as the method of payment for the death benefit and (b) your Beneficiary's life expectancy on the date of the first payment exceeds the selected period.

Selection of Annuity Option

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

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

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

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

Amount of Annuity Payments

     Adjusted Account Value

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

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

     Variable Annuity Payments

On the Annuity Commencement Date, we will exchange your Account's Variable Annuity Units for annuitization units which have annual insurance charges of 1.15% of your average daily net assets (1.00% if your initial Purchase Payment was $1,000,000 or more). If your Annuity Commencement Date is within 7 years of the Contract Date, the annual insurance charges will be increased by 0.25%. Variable Annuity payments may vary each month. We determine the dollar amount of the first payment using the portion of your Adjusted Account Value applied to a Variable Annuity and the Annuity Payment Rates in your Contract, which are based on an assumed interest rate of 3% per year, compounded annually. See "Annuity Payment Rates."

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

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

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

     Fixed Annuity Payments

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

     Minimum Payments

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

Exchange of Variable Annuity Units

During the Income Phase, the Annuitant may exchange Annuity Units in one Sub-Account for Annuity Units in another Sub-Account, up to 12 times each Account Year. Any such exchanges may be subject to any restrictions or other policies that the Funds have adopted to protect the Funds from short-term trading or other practices that are potentially harmful to the Fund (the "Funds' Shareholder Trading Policies"). The applicability of the Funds' Shareholder Trading Policies is the same during the Income Phase as during the Accumulation Phase, and this is discussed in this prospectus under "Funds' Shareholder Trading Policies." For the reasons discussed there, you should review and comply with each Fund's Shareholder Trading Policies, which are disclosed in the Funds' current prospectuses.

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

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

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

Account Fee

During the Income Phase, we deduct the annual Account Fee of $35 in equal amounts from each Variable Annuity payment. We do not deduct the annual Account Fee from Fixed Annuity payments.

Annuity Payment Rates

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

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

Annuity Options as Method of Payment for Death Benefit

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

OTHER CONTRACT PROVISIONS

Exercise of Contract Rights

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

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

Change of Ownership

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

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

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

Voting of Fund Shares

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

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

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

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

Reports to Owners

We will send you, by regular U.S. mail, confirmation of all Purchase Payments (including any interest credited), withdrawals, (including any withdrawal charges, negative market value adjustments, and federal taxes on withdrawals), minimum distributions, death benefit payments, and transfers (excluding dollar-cost averaging transfers).  Such confirmations will be sent within two business days after the transaction occurs.

In addition, within 5 business days after each Account Quarter, we will send you a statement showing your current Account Value, death benefit value, and investment allocation by asset class.  Each quarterly statement will detail transactions that occurred during the last Account Quarter including Purchase Payments, annuity payments, transfers (including dollar-cost averaging transfers), partial withdrawals, systematic withdrawals, minimum distributions, portfolio rebalancing, asset reallocations, interest credited on fixed accounts, and annual contract fees assessed.

We will also send you annual and semi-annual reports of the funds in which you are invested, including a list of investments held by each portfolio as of the current date of the report.

It is your obligation to review each such statement carefully and to report to us, at the address or telephone number provided on the statement, any errors or discrepancies in the information presented therein within 60 days of the date of such statement. Unless we receive notice of any such error or discrepancy from you within such period, we may not be responsible for correcting the error or discrepancy.

Substitution of Securities

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

Change in Operation of Variable Account

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

Splitting Units

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

Modification

Upon notice to the Participant, in the case of an Individual Contract, and the Owner and Participant(s), in the case of a Group Contract (or the Payee(s) during the Income Phase), we may modify the Contract if such modification: (1) is necessary to make the Contract or the Variable Account comply with any law or regulation issued by a governmental agency to which the Company or the Variable Account is subject; (2) is necessary to assure continued qualification of the Contract under the Internal Revenue Code or other federal or state laws relating to retirement annuities or annuity contracts; (3) is necessary to reflect a change in the operation of the Variable Account or the Sub-Account(s) (see "Change in Operation of Variable Account"); (4) provides additional Variable Account and/or fixed accumulation options; or (5) as may otherwise be in the best interests of Owners, Participants, or Payees, as applicable. In the event of any such modification, we may make appropriate endorsement in the Contract to reflect such modification.

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

Discontinuance of New Participants

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

Reservation of Rights

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

Right to Return

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

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

TAX CONSIDERATIONS

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

U.S. Federal Income Tax Considerations

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

     Deductibility of Purchase Payments

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

     Pre-Distribution Taxation of Contracts

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

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

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

     Distributions and Withdrawals from Non-Qualified Contracts

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

Any withdrawal of less than your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date, must be treated as a receipt of investment earnings. You may not treat such withdrawals as a non-taxable return of Purchase Payments unless you have first withdrawn the entire amount of the Account Value that is attributable to investment earnings. For purposes of determining whether an Owner has withdrawn the entire amount of the investment earnings under a Non-Qualified Contract, the Code provides that all Non-Qualified deferred annuity contracts issued by the same company to the same Owner during any one calendar year must be treated as one annuity contract. If you withdraw your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date (a "full surrender"), the taxable portion will equal the amount you receive less the "investment in the contract" (i.e., the total Purchase Payments (excluding amounts that were deductible by, or excluded from the gross income of, the Owner of a Contract), less any Purchase Payments that were amounts previously received which were not includable in income).

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

A penalty tax of 10% may also apply to taxable cash withdrawals including lump-sum payments from Non-Qualified Contracts. This penalty will generally not apply to distributions made after age 59½, to distributions pursuant to the death or disability of the owner, to distributions that are a part of a series of substantially equal periodic payments made not less frequently than annually for life or life expectancy, or to distributions under an immediate annuity (as defined above).

Death benefits paid upon the death of a contract Participant are not life insurance benefits and will generally be includible in the income of the recipient to the extent they represent investment earnings under the contract. For this purpose, the amount of the investment in the contract is not affected by the Partcipant's or Annuitant's death, i.e., the investment in the Contract must still be determined by reference to the Participant's investment in the contract.  Special mandatory distribution rules also apply after the death of the Participant when the beneficiary is not the surviving spouse of the Participant.

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

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

     Distributions and Withdrawals from Qualified Contracts

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

If you receive a distribution from a Qualified Contract used in connection with a qualified pension plan, from a tax-sheltered annuity, a governmental Code Section 457 plan or an individual retirement annuity "IRA" and roll over some or all that distribution to another eligible plan, following the rules set out in the Code and IRS regulations, the portion of such distribution that is rolled over will not be includible in your income. An eligible rollover distribution from a qualified plan, tax-sheltered annuity or governmental Section 457 plan will be subject to 20% mandatory withholding as described below. Because the amount of the cash paid to you as an eligible rollover distribution will be reduced by this withholding, you will not be able to roll over the entire account balance under your Contract, unless you use other funds equal to the tax withholding to complete the rollover. Rollovers of IRA distributions are not subject to the 20% mandatory withholding requirement.

An eligible rollover distribution from a qualified plan, governmental Section 457 plan or tax-sheltered annuity is any distribution of all or any portion of the balance to the credit of an employee, except that the term does not include:

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

Only you or your surviving spouse Beneficiary may elect to roll over a distribution to an eligible retirement plan. However, a non-surviving-spouse Beneficiary may able to directly transfer a distribution to a so-called inherited IRA that will be subject to the IRS distribution rules applicable to beneficiaries.

     Withholding

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

     Investment Diversification and Control

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

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

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

     Tax Treatment of the Company and the Variable Account

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

     Qualified Retirement Plans

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

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

     Pension and Profit-Sharing Plans

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

     Tax-Sheltered Annuities

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

If the Contracts are to receive tax-deferred treatment, cash withdrawals of amounts attributable to salary reduction contributions (other than withdrawals of accumulation account value as of December 31, 1988) may be made only when the Participant attains age 59½, has a severance from employment with the employer, dies or becomes disabled (within the meaning of Section 72(m)(7) of the Code). These restrictions apply to (i) any post-1988 salary reduction contributions, (ii) any growth or interest on post-1988 salary reduction contributions, (iii) any growth or interest on pre-1989 salary reduction contributions that occurs on or after January 1, 1989, and (iv) any pre-1989 salary reduction contributions since we do not maintain records that separately account for such contributions.  It is permissible, however, to withdraw post-1988 salary reduction contributions (but not the earnings attributable to such contributions) in cases of financial hardship. The Internal Revenue Service has not issued specific rules defining financial hardship, but those rules do not become effective until January 1, 2009.  Until then, we expect that to qualify for a hardship distribution, the Participant must have an immediate and heavy bona fide financial need and lack other resources reasonably available to satisfy the need. Hardship withdrawals (as well as certain other premature withdrawals) will be subject to a 10% tax penalty, in addition to any withdrawal charge applicable under the Contracts. Under certain circumstances the 10% tax penalty will not apply if the withdrawal is for medical expenses.

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

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

The Internal Revenue Service has issued comprehensive regulations that are generally effective January 1, 2009, to 403(b) plans and annuities, but that may apply to a Section 403(b) annuity issued before that date.  You should consult with a qualified tax professional about those regulations.

     Individual Retirement Arrangements

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

     Roth Individual Retirement Arrangements

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

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

     Impact of Optional Death Benefit Riders

Qualified Contracts. If your Contract is a traditional IRA annuity or a 403(b) TSA annuity, it is subject to certain required minimum distribution (RMD) requirements imposed by the Internal Revenue Code and IRS regulations. Under the RMD rules, distributions must begin no later than April 1 of the calendar year following the year in which you attain age 70½ or, for non-IRAs, the date of retirement instead of age 70½ if it is later. The RMD amount for a distribution calendar year is generally calculated by dividing the Contract's value as of 12/31 of the prior calendar year by the applicable distribution factor set forth in a Uniform Lifetime Table in the IRS regulations. For Contracts issued in connection with traditional Individual Retirement Accounts, you should contact the Account's trustee or custodian about RMD requirements since we only provide the trustee or custodian with the Contract's value (including any actuarial present value of additional benefits discussed below) so that it can be used in the Account's RMD calculations.

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

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

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

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

Puerto Rico Tax Considerations

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

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

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

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

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

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

ADMINISTRATION OF THE CONTRACT

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

DISTRIBUTION OF THE CONTRACT

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

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

The amount and timing of commissions the Company may pay to Selling Broker-Dealers may vary depending on the selling agreement but is not expected to be more than 8.50% of Purchase Payments, and 1.25% annually of the Participant's Account Value. The Company may pay or allow other promotional incentives or payments in the form of cash or other compensation to the extent permitted by FINRA rules and other applicable laws and regulations, and this compensation may be significant in amount.

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

In addition to the compensation described above, the Company may make additional cash payments, in certain circumstances referred to as "override" compensations, or reimbursements to Selling Broker-Dealers in recognition of their marketing and distribution, transaction processing and/or administrative services support.  These payments are not offered to all Selling Broker-Dealers, and the terms of any particular agreement governing the payments may vary among Selling Broker-Dealers depending on, among other things, the level and type of marketing and distribution support provided. Marketing and distribution support services may include, among other services, placement of the Company's products on the Selling Broker-Dealers' preferred or recommended list, access to the Selling Broker-Dealers' registered representatives for purposes of promoting sales of the Company's products, assistance in training and education of the Selling Agents, and opportunities for the Company to participate in sales conferences and educational seminars.  The payments or reimbursements may be calculated as a percentage of the particular Selling Broker-Dealer's actual or expected aggregate sales of our variable contracts (including the Contract) or assets held within those contracts and/or may be a fixed dollar amount. Broker-dealers receiving these additional payments may pass on some or all of the payments to the Selling Agent. The prospect of receiving, or the receipt of additional compensation as described above may provide Selling Broker-Dealers with an incentive to favor sales of the Contracts over other variable annuity contracts (or other investments) with respect to which the Selling Broker-Dealer does not receive additional compensation, or lower levels of additional compensation. You should take such payment arrangements into account when considering and evaluating any recommendation relating to the Contracts.

In addition to selling our variable contracts (including the Contract), some Selling Broker-Dealers or their affiliates may have other business relationships with the Company. Those other business relationships may include, for example, reinsurance agreements pursuant to which an affiliate of the Selling Broker-Dealer provides reinsurance to the Company relative to some or all of the Policies or other variable policies issued by the Company or its affiliates. The potential profits for a Selling Broker-Dealer or its affiliates (including its registered representatives) associated with such reinsurance arrangements could be significant in amount and could indirectly provide incentives to the Selling Broker-Dealer and its Selling Agents to recommend products for which they provide reinsurance over similar products which do not result in potential reinsurance profits to the Selling Broker-Dealer or its affiliate. The operation of an individual contract is not impacted by whether the policy is subject to a reinsurance arrangement between the Company and an affiliate of the Selling Broker-Dealer.

As discussed in the preceding paragraphs, the Company makes numerous forms of payments and engages in a variety of other activities that, directly or indirectly, provide incentives to, and otherwise facilitate and encourage the offer and sale of the Contracts by Selling Broker-Dealers and their registered representatives. Such payments and other activities may be significantly greater or less in connection with the Contracts than in connection with other products offered and sold by the Company or by others. Accordingly, our payments and other activities described above may create a potential conflict of interest, as they may influence your Selling Broker-Dealer or registered representative to present a Contract to you instead of (or more favorably than) another product or products that might be preferable to you.

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

Commissions may be waived or reduced in connection with certain transactions described in this Prospectus under the heading "Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates."  During 2005, 2006, and 2007, approximately $66,283, $76,111, and $34,073, respectively, in commissions were paid to but not retained by Clarendon in connection with the distribution of the Contracts.

AVAILABLE INFORMATION

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

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

You can inspect and copy this information and our registration statements at the SEC's public reference facilities at the following locations: Washington, D.C. -- 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549; Chicago, Illinois -- 500 West Madison Street, Chicago, IL 60661. The Washington, D.C. office will also provide copies by mail for a fee. You may also find these materials on the SEC's website (http:// www.sec.gov).

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC pursuant to Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") is incorporated herein by reference. All documents or reports we file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this prospectus and prior to the termination of the offering, shall be deemed incorporated by reference into the prospectus.

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

STATE REGULATION

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

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

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

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

LEGAL PROCEEDINGS

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

FINANCIAL STATEMENTS

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

The financial statements of the Variable Account for the year ended December 31, 2007 are also included in the SAI.

TABLE OF CONTENTS OF STATEMENT OF ADDITIONAL INFORMATION

Sun Life Assurance Company of Canada (U.S.)

Advertising and Sales Literature

Calculations

   Example of Variable Accumulation Unit Value Calculation

   Example of Variable Annuity Unit Calculation

   Example of Variable Annuity Payment Calculation

Distribution of the Contracts

Designation and Change of Beneficiary

Custodian

Independent Registered Public Accounting Firm

Financial Statements

This Prospectus sets forth information about the Contract and the Variable Account that a prospective purchaser should know before investing. Additional information about the Contract and the Variable Account has been filed with the Securities and Exchange Commission in a Statement of Additional Information dated May 1, 2008, which is incorporated herein by reference. The Statement of Additional Information is available upon request and without charge from Sun Life Assurance Company of Canada (U.S.). To receive a copy, return this request form to the address shown below or telephone (800) 752-7215.

To:	Sun Life Assurance Company of Canada (U.S.)
	P.O. Box 9133
	Wellesley Hills, MA 02481

Please send me a Statement of Additional Information for

Futurity III Variable and Fixed Annuity

Sun Life of Canada (U.S.) Variable Account F.

Name

Address

City    State  Zip  

Telephone   

APPENDIX A -

GLOSSARY

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

COVERED PERSON: The person(s) identified as such in the Contract whose death will trigger the death benefit provisions of the Contract and whose medically necessary stay in a hospital or nursing facility may allow the Participant to be eligible for a waiver of the withdrawal charge. The Participant/Owner is the Covered Person unless there is a non-natural Owner, such as a trust, in which case the Annuitant is the Covered Person.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

RENEWAL DATE: The last day of a Guarantee Period.

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

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

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

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

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

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

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

APPENDIX B -

WITHDRAWALS, WITHDRAWAL CHARGES AND THE MARKET VALUE ADJUSTMENT

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

Withdrawal Charge Calculation:

Full Withdrawal Charge Calculation

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

					Payment
	Hypothetical		Cumulative	Free	Subject To	Withdrawal	Withdrawal
Account	Account	Annual	Annual	Withdrawal	Withdrawal	Charge	Charge
Year	Value	Earnings	Earnings	Amount	Charge	Percentage	Amount
(a) 1	$41,000	$1,000	$  1,000	$  6,000	$35,000	7.00%	$2,450
2	$45,100	$4,100	$  5,100	$  6,000	$39,100	7.00%	$2,737
3	$49,600	$4,500	$  9,600	$  9,600	$40,000	6.00%	$2,400
(b) 4	$52,100	$2,500	$12,100	$12,100	$40,000	6.00%	$2,400
5	$57,300	$5,200	$17,300	$17,300	$40,000	5.00%	$2,000
6	$63,000	$5,700	$23,000	$23,000	$40,000	4.00%	$1,600
7	$66,200	$3,200	$26,200	$26,200	$40,000	3.00%	$1,200
(c) 8	$72,800	$6,600	$32,800	$32,800	$        0	0.00%	$      0

(a) The free withdrawal amount in any year is equal to the greater of (1) the Contract's earnings that were not previously withdrawn, and (2) 15% of any Purchase Payments made in the last 7 Account Years ("New Payments"). In Account Year 1, the free withdrawal amount is $6,000, which equals 15% of the Purchase Payment of $40,000. On a full withdrawal of $41,000, the amount subject to a withdrawal charge is $35,000, which equals the Account Value of $41,000 minus the free withdrawal amount of $6,000.

(b) In Account Year 4, the free withdrawal amount is $12,100, which equals the prior Contract's cumulative earnings to date. On a full withdrawal of $52,100, the amount subject to a withdrawal charge is $40,000.

(c) In Account Year 8, the free withdrawal amount is $32,800, which equals the Contract's cumulative earnings to date. On a full withdrawal of $72,800, the amount subject to a withdrawal charge is $0, since the New Payments equal $0.

Partial Withdrawal

Assume a single Purchase Payment of $40,000 is made on the Contract Date, no additional Purchase Payments are made, no partial withdrawals have been taken prior to the fourth Account Year, and there are a series of 4 partial withdrawals made during the fourth Account Year of $4,000, $9,000, $12,000, and $20,000.

					Remaining
	Hypothetical				Free	Amount of			Hypothetical
	Account				Withdrawal	Withdrawal			Account
	Value				Amount	Subject to	Withdrawal	Withdrawal	Value
	Before		Cumulative	Amount of	After	Withdrawal	Charge	Charge	After
Year	Withdrawal	Earnings	Earnings	Withdrawal	Withdrawal	Charge	Percentage	Amount	Withdrawal
1	$41,000	$1,000	$ 1,000	$       0	$6,000	$       0	7.00%	$      0	$41,000
2	$45,100	$4,100	$ 5,100	$       0	$6,000	$       0	7.00%	$      0	$45,100
3	$49,600	$4,500	$ 9,600	$       0	$9,600	$       0	6.00%	$      0	$49,600
(a) 4	$50,100	$   500	$10,100	$ 4,000	$6,100	$       0	6.00%	$      0	$46,100
(b) 4	$46,900	$   800	$10,900	$ 9,000	$      0	$ 2,100	6.00%	$   126	$37,900
(c) 4	$38,500	$   600	$11,500	$12,000	$      0	$11,400	6.00%	$   684	$26,500
(d) 4	$26,900	$   400	$11,900	$20,000	$      0	$19,600	6.00%	$1,176	$  6,900

(a) In Account Year 4, the free withdrawal amount is $10,100, which equals the Contract's cumulative earnings to date. The partial withdrawal amount of $4,000 is less than the free withdrawal amount, so there is no withdrawal charge.

(b)	Since a partial withdrawal of $4,000 was taken, the remaining free withdrawal amount in Account Year 4 is $10,900 - $4,000 = $6,900. Therefore, $6,900 of the $9,000 withdrawal is not subject to a withdrawal charge, and $2,100 is subject to a withdrawal charge. Of the $13,000 withdrawn to date, $10,900 has been from the free withdrawal amount and $2,100 has been from deposits.
(c)	Since $10,900 of the 2 prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account year 4 is $11,500 - $10,900 = $600. Therefore, $600 of the $12,000 withdrawal is not subject to a withdrawal charge, and $11,400 is subject to a withdrawal charge. Of the $25,000 withdrawn to date, $11,500 has been from the free withdrawal amount and $13,500 has been from deposits.
(d)	Since $11,500 of the 3 prior Account Years' 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account Year 4 is $11,900 - $11,500 = $400. Therefore, $400 of the $20,000 withdrawal is not subject to a withdrawal charge, and $19,600 is subject to a withdrawal charge. Of the $45,000 withdrawn to date, $11,900 has been from the free withdrawal amount and $33,100 has been from deposits.

Note that if the $6,900 hypothetical Account Value after withdrawal were withdrawn, it would all be from deposits and subject to a withdrawal charge. The withdrawal charge would be 6% of $6,900, which equals $414. The total Account Year 4 withdrawal charges would then be $2,400, which is the same amount that was assessed for a full liquidation in Account Year 4 in the example of a full withdrawal on the previous page.

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

The MVA Factor is:

[(1 + I) ÷ (1 + J + b)](N/12)  -  1

These examples assume the following:

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

Example of a Negative MVA:

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

The MVA factor =	[(1 + I) ÷ (1 + J + b)](N/12) - 1
=	[(1 + .06) ÷ (1 + .08)](24/12) - 1
=	(.9812) - 1
=	.963 -1
=	-.037

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

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

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

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

Example of a Positive MVA:

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

The MVA factor =	[(1 + I) ÷ (1 + J + b)](N/12) - 1
=	[(1 + .06) ÷ (1 + .05)](24/12) - 1
=	(1.0102) - 1
=	1.019 - 1
=	.019

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

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

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

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

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

APPENDIX C -

CALCULATION OF BASIC DEATH BENEFIT

Example 1:

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

The Basic Death Benefit is the greatest of:
Account Value	=     $  80,000.00
Cash Surrender Value*	=     $  76,100.00
Purchase Payments	=     $100,000.00
The Basic Death Benefit would therefore be:	$100,000.00

Example 2:

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

The Basic Death Benefit is the greatest of:
Account Value	=     $ 60,000.00
Cash Surrender Value*	=     $ 56,365.00
Adjusted Purchase Payments**	=     $ 75,000.00
The Basic Death Benefit would therefore be:	$ 75,000.00

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

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

APPENDIX D -

CALCULATION OF EEB OPTIONAL DEATH BENEFIT

Example 1:

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=     $100,000
The Death Benefit Amount would therefore	=     $135,000

~ plus ~

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

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

Example 2:

Assume a Purchase Payment of $60,000 is made on the Contract Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts and that the Account Value is $135,000 just prior to a $20,000 withdrawal. The Account Value on the Death Benefit Date is $115,000. Assume death occurs in Account Year 7. In addition, this Contract was issued prior to the owner's 70th birthday.

The Death Benefit Amount will be the greatest of:
Account Value	=     $115,000
Cash Surrender Value*	=     $112,000
Total of Adjusted Purchase Payments**	=      $ 85,185
The Death Benefit Amount would therefore	=     $115,000

~ plus ~

The EEB amount, calculated as follows:
Account Value minus Adjusted Purchase Payments	=     $ 29,815
40% of the above amount	=     $ 11,926
Cap of 40% of Adjusted Purchase Payments	=     $ 34,074
The lesser of the above two amounts = the EEB amount	=     $ 11,926

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

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

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

APPENDIX E -

CALCULATION OF EEB AND MAV AND 5% ROLL-UP DEATH BENEFIT

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=     $100,000
5% Premium Roll-up Value	=     $140,000
Maximum Anniversary Value	=     $142,000
The Death Benefit Amount would therefore	=     $142,000

~ plus ~

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

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

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

APPENDIX F -

CALCULATION OF EEB PLUS OPTIONAL DEATH BENEFIT

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=    $100,000
The Death Benefit Amount would therefore	=     $135,000

~ plus ~

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

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

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

APPENDIX G -

CALCULATION OF EEB PLUS WITH MAV OPTIONAL DEATH BENEFIT

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=     $100,000
Maximum Anniversary Value	=     $140,000
The Death Benefit Amount would therefore	=     $140,000

~ plus ~

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

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

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

APPENDIX H -

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

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

The Death Benefit Amount will be the greatest of:
Account Value	=     $135,000
Cash Surrender Value*	=     $132,000
Total of Adjusted Purchase Payments	=     $100,000
5% Premium Roll-up Value	=     $140,000
The Death Benefit Amount would therefore	=     $140,000

~ plus ~

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

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

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

APPENDIX I -

PREVIOUSLY AVAILABLE INVESTMENT OPTIONS

The MFS® Variable Insurance Trust II Fund options shown in this prospectus are the "Service Class" shares of the Trust.  The Service Class was first offered for sale on August 27, 2001.  All Contracts purchased on or after that date are invested in the Service Class.

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

Large-Cap Equity Funds	Small-Cap Equity Funds
MFS® Capital Appreciation Portfolio	MFS® New Discovery Portfolio
MFS® Growth Portfolio1	Specialty/Sector Funds
MFS® Massachusetts Investors Growth	MFS® Utilities Portfolio
Stock Portfolio	Intermediate-Term Bond Funds
MFS® Blended Reseach Core Equity Portfolio2	MFS® Government Securities Portfolio
Asset Allocation Funds	High Yield Bond Funds
MFS® Total Return Portfolio	MFS® High Yield Portfolio

1 Formerly MFS® Emerging Growth Series.

2 Formerly MFS® Massachusetts Investors Trust Series.

The shares of the Initial Class have the same investment objectives, policies, and strategies as the shares of the Service Class. The only differences between the two classes are their expense ratios, which are 0.25% lower for the Initial Class shares.  The "Total Annual Fund Operating Expenses" under the heading "FEES AND EXPENSES" associated with the Initial Class expenses are shown below. The EXAMPLE is the same as shown on page 10.

Total Annual Fund Operating Expenses	Minimum	Maximum
(expenses as a percentage of average daily Fund net assets that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)
Prior to any fee waiver or expense reimbursement*	0.62%	1.00%

* The expenses shown are for the year ended December 31, 2007, and do not reflect any fee waiver or expense reimbursement. The advisers and/or other service providers of certain Funds have agreed to reduce their fees and/or reimburse the Funds' expenses in order to keep the Funds' expenses below specified limits.  The expenses of some Funds are reduced by contractual fee reduction and expense reimbursement arrangements that will remain in effect at least through April 30, 2009. Other Funds have voluntary fee reduction and/or expense reimbursement arrangements that may be terminated at any time. If all such contractual or voluntary arrangements are taken into account, the minimum and maximum Total Annual Fund Operating Expenses for all Funds were 0.61% and 0.95%, respectively Each fee reduction and/or expense reimbursement arrangement is described in the relevant Fund's prospectus.

APPENDIX J -

CONDENSED FINANCIAL INFORMATION

The following information for FUTURITY III should be read in conjunction with the Variable Account's Financial Statements appearing in the Statement of Additional Information. The $10 beginning value for each accumulation unit is as of the date the unit commenced, which was generally later than the first day of the year shown. Subsequent values are shown for each period, unless there was no balance or transaction for the last day of the period, in which case no value is shown for the end of that period or the beginning of the next period.

Fund	Price Level	Year	Accumulation Unit Value Beginning of Year	Accumulation Unit Value End of Year	Number of Accumulation Units End of Year
AIM V.I. Capital Appreciation	01	2007	6.6534	7.3778	0
AIM V.I. Capital Appreciation	01	2006	6.3221	6.6534	0
AIM V.I. Capital Appreciation	01	2005	5.8673	6.3221	0
AIM V.I. Capital Appreciation	01	2004	5.5584	5.8673	0
AIM V.I. Capital Appreciation	01	2003	4.3348	5.5584	0
AIM V.I. Capital Appreciation	01	2002	5.7885	4.3348	0
AIM V.I. Capital Appreciation	01	2001	7.6218	5.7885	0
AIM V.I. Capital Appreciation	01	2000	10.0000	7.6218	0
AIM V.I. Capital Appreciation	02	2007	6.5884	7.2946	494,562
AIM V.I. Capital Appreciation	02	2006	6.2698	6.5884	573,774
AIM V.I. Capital Appreciation	02	2005	5.8276	6.2698	429,136
AIM V.I. Capital Appreciation	02	2004	5.5292	5.8276	478,146
AIM V.I. Capital Appreciation	02	2003	4.3186	5.5292	470,688
AIM V.I. Capital Appreciation	02	2002	5.7757	4.3186	271,862
AIM V.I. Capital Appreciation	02	2001	7.6166	5.7757	379,881
AIM V.I. Capital Appreciation	02	2000	10.0000	7.6166	0
AIM V.I. Capital Appreciation	03	2007	6.5455	7.2397	24,227
AIM V.I. Capital Appreciation	03	2006	6.2353	6.5455	24,227
AIM V.I. Capital Appreciation	03	2005	5.8014	6.2353	24,227
AIM V.I. Capital Appreciation	03	2004	5.5099	5.8014	24,227
AIM V.I. Capital Appreciation	03	2003	4.3079	5.5099	24,314
AIM V.I. Capital Appreciation	03	2002	5.7672	4.3079	42,069
AIM V.I. Capital Appreciation	03	2001	7.6131	5.7672	39,977
AIM V.I. Capital Appreciation	03	2000	10.0000	7.6131	0
AIM V.I. Capital Appreciation	04	2007	6.5241	7.2124	492,119
AIM V.I. Capital Appreciation	04	2006	6.2180	6.5241	620,178
AIM V.I. Capital Appreciation	04	2005	5.7883	6.2180	421,303
AIM V.I. Capital Appreciation	04	2004	5.5003	5.7883	465,148
AIM V.I. Capital Appreciation	04	2003	4.3025	5.5003	512,105
AIM V.I. Capital Appreciation	04	2002	5.7629	4.3025	580,712
AIM V.I. Capital Appreciation	04	2001	7.6113	5.7629	669,178
AIM V.I. Capital Appreciation	04	2000	10.0000	7.6113	0
AIM V.I. Capital Appreciation	05	2007	6.4815	7.1579	653,421
AIM V.I. Capital Appreciation	05	2006	6.1837	6.4815	886,005
AIM V.I. Capital Appreciation	05	2005	5.7621	6.1837	539,369
AIM V.I. Capital Appreciation	05	2004	5.4810	5.7621	618,400
AIM V.I. Capital Appreciation	05	2003	4.2918	5.4810	626,829
AIM V.I. Capital Appreciation	05	2002	5.7544	4.2918	670,942
AIM V.I. Capital Appreciation	05	2001	7.6078	5.7544	820,957
AIM V.I. Capital Appreciation	05	2000	10.0000	7.6078	0
AIM V.I. Capital Appreciation	06	2007	6.4180	7.0771	304,269
AIM V.I. Capital Appreciation	06	2006	6.1325	6.4180	339,690
AIM V.I. Capital Appreciation	06	2005	5.7231	6.1325	182,862
AIM V.I. Capital Appreciation	06	2004	5.4522	5.7231	210,982
AIM V.I. Capital Appreciation	06	2003	4.2757	5.4522	244,676
AIM V.I. Capital Appreciation	06	2002	5.7416	4.2757	264,342
AIM V.I. Capital Appreciation	06	2001	7.6026	5.7416	241,464
AIM V.I. Capital Appreciation	06	2000	10.0000	7.6026	0
AIM V.I. Core Equity Fund	01	2007	8.0379	8.6030	10,052
AIM V.I. Core Equity Fund	01	2006	6.9569	8.0379	10,052
AIM V.I. Core Equity Fund	01	2005	6.6725	6.9569	10,052
AIM V.I. Core Equity Fund	01	2004	6.1853	6.6725	4,320
AIM V.I. Core Equity Fund	01	2003	5.0215	6.1853	4,320
AIM V.I. Core Equity Fund	01	2002	6.0085	5.0215	4,320
AIM V.I. Core Equity Fund	01	2001	7.8656	6.0085	4,320
AIM V.I. Core Equity Fund	01	2000	10.0000	7.8656	0
AIM V.I. Core Equity Fund	02	2007	7.9595	8.5060	158,759
AIM V.I. Core Equity Fund	02	2006	6.8994	7.9595	198,279
AIM V.I. Core Equity Fund	02	2005	6.6274	6.8994	158,927
AIM V.I. Core Equity Fund	02	2004	6.1529	6.6274	181,586
AIM V.I. Core Equity Fund	02	2003	5.0027	6.1529	218,241
AIM V.I. Core Equity Fund	02	2002	5.9952	5.0027	294,531
AIM V.I. Core Equity Fund	02	2001	7.8602	5.9952	260,270
AIM V.I. Core Equity Fund	02	2000	10.0000	7.8602	0
AIM V.I. Core Equity Fund	03	2007	7.9077	8.4421	21,359
AIM V.I. Core Equity Fund	03	2006	6.8615	7.9077	21,359
AIM V.I. Core Equity Fund	03	2005	6.5976	6.8615	21,359
AIM V.I. Core Equity Fund	03	2004	6.1314	6.5976	21,359
AIM V.I. Core Equity Fund	03	2003	4.9903	6.1314	21,359
AIM V.I. Core Equity Fund	03	2002	5.9863	4.9903	80,923
AIM V.I. Core Equity Fund	03	2001	7.8566	5.9863	96,947
AIM V.I. Core Equity Fund	03	2000	10.0000	7.8566	0
AIM V.I. Core Equity Fund	04	2007	7.8818	8.4101	390,981
AIM V.I. Core Equity Fund	04	2006	6.8424	7.8818	423,770
AIM V.I. Core Equity Fund	04	2005	6.5826	6.8424	368,082
AIM V.I. Core Equity Fund	04	2004	6.1206	6.5826	412,087
AIM V.I. Core Equity Fund	04	2003	4.9840	6.1206	457,888
AIM V.I. Core Equity Fund	04	2002	5.9819	4.9840	496,349
AIM V.I. Core Equity Fund	04	2001	7.8548	5.9819	630,672
AIM V.I. Core Equity Fund	04	2000	10.0000	7.8548	0
AIM V.I. Core Equity Fund	05	2007	7.8303	8.3467	395,114
AIM V.I. Core Equity Fund	05	2006	6.8047	7.8303	636,990
AIM V.I. Core Equity Fund	05	2005	6.5529	6.8047	737,266
AIM V.I. Core Equity Fund	05	2004	6.0992	6.5529	890,426
AIM V.I. Core Equity Fund	05	2003	4.9716	6.0992	1,023,078
AIM V.I. Core Equity Fund	05	2002	5.9731	4.9716	1,093,867
AIM V.I. Core Equity Fund	05	2001	7.8512	5.9731	1,207,738
AIM V.I. Core Equity Fund	05	2000	10.0000	7.8512	0
AIM V.I. Core Equity Fund	06	2007	7.7537	8.2524	266,489
AIM V.I. Core Equity Fund	06	2006	6.7483	7.7537	337,417
AIM V.I. Core Equity Fund	06	2005	6.5085	6.7483	291,808
AIM V.I. Core Equity Fund	06	2004	6.0671	6.5085	321,243
AIM V.I. Core Equity Fund	06	2003	4.9530	6.0671	367,490
AIM V.I. Core Equity Fund	06	2002	5.9598	4.9530	384,463
AIM V.I. Core Equity Fund	06	2001	7.8458	5.9598	420,993
AIM V.I. Core Equity Fund	06	2000	10.0000	7.8458	0
AIM V.I. Dynamics Fund	01	2007	10.5197	11.6831	0
AIM V.I. Dynamics Fund	01	2006	9.1511	10.5197	0
AIM V.I. Dynamics Fund	01	2005	8.3483	9.1511	0
AIM V.I. Dynamics Fund	01	2004	7.4403	8.3483	0
AIM V.I. Dynamics Fund	01	2003	5.4529	7.4403	0
AIM V.I. Dynamics Fund	01	2002	8.0881	5.4529	0
AIM V.I. Dynamics Fund	01	2001	10.0000	8.0881	0
AIM V.I. Dynamics Fund	02	2007	10.4296	11.5653	88,406
AIM V.I. Dynamics Fund	02	2006	9.0864	10.4296	98,042
AIM V.I. Dynamics Fund	02	2005	8.3018	9.0864	20,724
AIM V.I. Dynamics Fund	02	2004	7.4102	8.3018	27,059
AIM V.I. Dynamics Fund	02	2003	5.4391	7.4102	19,817
AIM V.I. Dynamics Fund	02	2002	8.0799	5.4391	99,493
AIM V.I. Dynamics Fund	02	2001	10.0000	8.0799	23,032
AIM V.I. Dynamics Fund	03	2007	10.3700	11.4875	0
AIM V.I. Dynamics Fund	03	2006	9.0436	10.3700	0
AIM V.I. Dynamics Fund	03	2005	8.2711	9.0436	0
AIM V.I. Dynamics Fund	03	2004	7.3902	8.2711	0
AIM V.I. Dynamics Fund	03	2003	5.4299	7.3902	0
AIM V.I. Dynamics Fund	03	2002	8.0744	5.4299	0
AIM V.I. Dynamics Fund	03	2001	10.0000	8.0744	0
AIM V.I. Dynamics Fund	04	2007	10.3402	11.4487	21,139
AIM V.I. Dynamics Fund	04	2006	9.0222	10.3402	23,553
AIM V.I. Dynamics Fund	04	2005	8.2556	9.0222	17,348
AIM V.I. Dynamics Fund	04	2004	7.3802	8.2556	22,020
AIM V.I. Dynamics Fund	04	2003	5.4253	7.3802	24,081
AIM V.I. Dynamics Fund	04	2002	8.0716	5.4253	29,809
AIM V.I. Dynamics Fund	04	2001	10.0000	8.0716	17,852
AIM V.I. Dynamics Fund	05	2007	10.2809	11.3714	13,723
AIM V.I. Dynamics Fund	05	2006	8.9795	10.2809	31,977
AIM V.I. Dynamics Fund	05	2005	8.2249	8.9795	36,134
AIM V.I. Dynamics Fund	05	2004	7.3602	8.2249	42,243
AIM V.I. Dynamics Fund	05	2003	5.4161	7.3602	51,666
AIM V.I. Dynamics Fund	05	2002	8.0661	5.4161	42,734
AIM V.I. Dynamics Fund	05	2001	10.0000	8.0661	32,811
AIM V.I. Dynamics Fund	06	2007	10.1925	11.2565	11,654
AIM V.I. Dynamics Fund	06	2006	8.9159	10.1925	13,133
AIM V.I. Dynamics Fund	06	2005	8.1790	8.9159	24,003
AIM V.I. Dynamics Fund	06	2004	7.3303	8.1790	43,819
AIM V.I. Dynamics Fund	06	2003	5.4023	7.3303	55,125
AIM V.I. Dynamics Fund	06	2002	8.0579	5.4023	58,595
AIM V.I. Dynamics Fund	06	2001	10.0000	8.0579	25,642
AIM V.I. Growth	01	2007	10.0000	10.0000	0
AIM V.I. Growth	01	2006	4.6395	10.0000	0
AIM V.I. Growth	01	2005	4.3602	4.6395	0
AIM V.I. Growth	01	2004	4.0695	4.3602	21,694
AIM V.I. Growth	01	2003	3.1321	4.0695	21,694
AIM V.I. Growth	01	2002	4.5834	3.1321	21,694
AIM V.I. Growth	01	2001	7.0029	4.5834	21,694
AIM V.I. Growth	01	2000	10.0000	7.0029	0
AIM V.I. Growth	02	2007	10.0000	10.0000	0
AIM V.I. Growth	02	2006	4.6011	10.0000	0
AIM V.I. Growth	02	2005	4.3307	4.6011	341,713
AIM V.I. Growth	02	2004	4.0482	4.3307	447,834
AIM V.I. Growth	02	2003	3.1204	4.0482	481,179
AIM V.I. Growth	02	2002	4.5732	3.1204	491,581
AIM V.I. Growth	02	2001	6.9981	4.5732	313,353
AIM V.I. Growth	02	2000	10.0000	6.9981	0
AIM V.I. Growth	03	2007	10.0000	10.0000	0
AIM V.I. Growth	03	2006	4.5758	10.0000	0
AIM V.I. Growth	03	2005	4.3112	4.5758	0
AIM V.I. Growth	03	2004	4.0340	4.3112	0
AIM V.I. Growth	03	2003	3.1126	4.0340	0
AIM V.I. Growth	03	2002	4.5665	3.1126	22,631
AIM V.I. Growth	03	2001	6.9949	4.5665	0
AIM V.I. Growth	03	2000	10.0000	6.9949	0
AIM V.I. Growth	04	2007	10.0000	10.0000	0
AIM V.I. Growth	04	2006	4.5631	10.0000	0
AIM V.I. Growth	04	2005	4.3014	4.5631	443,045
AIM V.I. Growth	04	2004	4.0269	4.3014	517,980
AIM V.I. Growth	04	2003	3.1088	4.0269	547,015
AIM V.I. Growth	04	2002	4.5631	3.1088	652,060
AIM V.I. Growth	04	2001	6.9933	4.5631	468,503
AIM V.I. Growth	04	2000	10.0000	6.9933	0
AIM V.I. Growth	05	2007	10.0000	10.0000	0
AIM V.I. Growth	05	2006	4.5379	10.0000	0
AIM V.I. Growth	05	2005	4.2820	4.5379	616,188
AIM V.I. Growth	05	2004	4.0128	4.2820	771,155
AIM V.I. Growth	05	2003	3.1010	4.0128	942,394
AIM V.I. Growth	05	2002	4.5563	3.1010	1,007,040
AIM V.I. Growth	05	2001	6.9901	4.5563	791,165
AIM V.I. Growth	05	2000	10.0000	6.9901	0
AIM V.I. Growth	06	2007	10.0000	10.0000	0
AIM V.I. Growth	06	2006	4.5003	10.0000	0
AIM V.I. Growth	06	2005	4.2530	4.5003	311,991
AIM V.I. Growth	06	2004	3.9917	4.2530	376,295
AIM V.I. Growth	06	2003	3.0894	3.9917	462,994
AIM V.I. Growth	06	2002	4.5462	3.0894	446,957
AIM V.I. Growth	06	2001	6.9853	4.5462	193,713
AIM V.I. Growth	06	2000	10.0000	6.9853	0
AIM V.I. International Growth Fund	01	2007	11.5317	13.0962	0
AIM V.I. International Growth Fund	01	2006	9.0833	11.5317	0
AIM V.I. International Growth Fund	01	2005	7.7800	9.0833	0
AIM V.I. International Growth Fund	01	2004	6.3374	7.7800	29,883
AIM V.I. International Growth Fund	01	2003	4.9599	6.3374	29,883
AIM V.I. International Growth Fund	01	2002	5.9413	4.9599	29,883
AIM V.I. International Growth Fund	01	2001	7.8487	5.9413	29,883
AIM V.I. International Growth Fund	01	2000	10.0000	7.8487	0
AIM V.I. International Growth Fund	02	2007	11.4192	12.9487	275,686
AIM V.I. International Growth Fund	02	2006	9.0083	11.4192	309,975
AIM V.I. International Growth Fund	02	2005	7.7274	9.0083	431,528
AIM V.I. International Growth Fund	02	2004	6.3042	7.7274	488,799
AIM V.I. International Growth Fund	02	2003	4.9414	6.3042	517,156
AIM V.I. International Growth Fund	02	2002	5.9281	4.9414	346,633
AIM V.I. International Growth Fund	02	2001	7.8433	5.9281	481,487
AIM V.I. International Growth Fund	02	2000	10.0000	7.8433	0
AIM V.I. International Growth Fund	03	2007	11.3449	12.8514	30,935
AIM V.I. International Growth Fund	03	2006	8.9587	11.3449	30,935
AIM V.I. International Growth Fund	03	2005	7.6926	8.9587	30,935
AIM V.I. International Growth Fund	03	2004	6.2822	7.6926	30,935
AIM V.I. International Growth Fund	03	2003	4.9291	6.2822	31,028
AIM V.I. International Growth Fund	03	2002	5.9194	4.9291	31,162
AIM V.I. International Growth Fund	03	2001	7.8398	5.9194	31,298
AIM V.I. International Growth Fund	03	2000	10.0000	7.8398	0
AIM V.I. International Growth Fund	04	2007	11.3078	12.8028	159,970
AIM V.I. International Growth Fund	04	2006	8.9339	11.3078	196,587
AIM V.I. International Growth Fund	04	2005	7.6752	8.9339	220,940
AIM V.I. International Growth Fund	04	2004	6.2711	7.6752	241,239
AIM V.I. International Growth Fund	04	2003	4.9229	6.2711	271,282
AIM V.I. International Growth Fund	04	2002	5.9150	4.9229	306,433
AIM V.I. International Growth Fund	04	2001	7.8380	5.9150	557,746
AIM V.I. International Growth Fund	04	2000	10.0000	7.8380	0
AIM V.I. International Growth Fund	05	2007	11.2340	12.7062	252,166
AIM V.I. International Growth Fund	05	2006	8.8846	11.2340	282,309
AIM V.I. International Growth Fund	05	2005	7.6405	8.8846	293,977
AIM V.I. International Growth Fund	05	2004	6.2491	7.6405	326,353
AIM V.I. International Growth Fund	05	2003	4.9107	6.2491	366,417
AIM V.I. International Growth Fund	05	2002	5.9062	4.9107	423,305
AIM V.I. International Growth Fund	05	2001	7.8344	5.9062	939,316
AIM V.I. International Growth Fund	05	2000	10.0000	7.8344	0
AIM V.I. International Growth Fund	06	2007	11.1241	12.5626	188,704
AIM V.I. International Growth Fund	06	2006	8.8110	11.1241	212,836
AIM V.I. International Growth Fund	06	2005	7.5888	8.8110	243,403
AIM V.I. International Growth Fund	06	2004	6.2163	7.5888	258,494
AIM V.I. International Growth Fund	06	2003	4.8923	6.2163	275,433
AIM V.I. International Growth Fund	06	2002	5.8931	4.8923	299,011
AIM V.I. International Growth Fund	06	2001	7.8290	5.8931	453,866
AIM V.I. International Growth Fund	06	2000	10.0000	7.8290	0
AIM V.I. Premier Equity	01	2007	10.0000	10.0000	0
AIM V.I. Premier Equity	01	2006	8.3095	10.0000	0
AIM V.I. Premier Equity	01	2005	7.9440	8.3095	0
AIM V.I. Premier Equity	01	2004	7.5865	7.9440	0
AIM V.I. Premier Equity	01	2003	6.1265	7.5865	0
AIM V.I. Premier Equity	01	2002	8.8735	6.1265	0
AIM V.I. Premier Equity	01	2001	10.0000	8.8735	0
AIM V.I. Premier Equity	02	2007	10.0000	10.0000	0
AIM V.I. Premier Equity	02	2006	8.2508	10.0000	0
AIM V.I. Premier Equity	02	2005	7.8998	8.2508	70,193
AIM V.I. Premier Equity	02	2004	7.5558	7.8998	72,370
AIM V.I. Premier Equity	02	2003	6.1110	7.5558	77,041
AIM V.I. Premier Equity	02	2002	8.8645	6.1110	80,212
AIM V.I. Premier Equity	02	2001	10.0000	8.8645	23,948
AIM V.I. Premier Equity	03	2007	10.0000	10.0000	0
AIM V.I. Premier Equity	03	2006	8.2119	10.0000	0
AIM V.I. Premier Equity	03	2005	7.8705	8.2119	0
AIM V.I. Premier Equity	03	2004	7.5354	7.8705	0
AIM V.I. Premier Equity	03	2003	6.1007	7.5354	0
AIM V.I. Premier Equity	03	2002	8.8585	6.1007	0
AIM V.I. Premier Equity	03	2001	10.0000	8.8585	0
AIM V.I. Premier Equity	04	2007	10.0000	10.0000	0
AIM V.I. Premier Equity	04	2006	8.1925	10.0000	0
AIM V.I. Premier Equity	04	2005	7.8558	8.1925	67,728
AIM V.I. Premier Equity	04	2004	7.5252	7.8558	78,333
AIM V.I. Premier Equity	04	2003	6.0955	7.5252	80,139
AIM V.I. Premier Equity	04	2002	8.8555	6.0955	105,841
AIM V.I. Premier Equity	04	2001	10.0000	8.8555	53,148
AIM V.I. Premier Equity	05	2007	10.0000	10.0000	0
AIM V.I. Premier Equity	05	2006	8.1537	10.0000	0
AIM V.I. Premier Equity	05	2005	7.8266	8.1537	78,500
AIM V.I. Premier Equity	05	2004	7.5048	7.8266	83,058
AIM V.I. Premier Equity	05	2003	6.0852	7.5048	83,649
AIM V.I. Premier Equity	05	2002	8.8495	6.0852	91,582
AIM V.I. Premier Equity	05	2001	10.0000	8.8495	45,520
AIM V.I. Premier Equity	06	2007	10.0000	10.0000	0
AIM V.I. Premier Equity	06	2006	8.0960	10.0000	0
AIM V.I. Premier Equity	06	2005	7.7830	8.0960	108,259
AIM V.I. Premier Equity	06	2004	7.4744	7.7830	132,069
AIM V.I. Premier Equity	06	2003	6.0697	7.4744	181,131
AIM V.I. Premier Equity	06	2002	8.8405	6.0697	179,204
AIM V.I. Premier Equity	06	2001	10.0000	8.8405	89,762
AIM V.I. Small Company Growth Fund	01	2007	10.5913	10.0000	0
AIM V.I. Small Company Growth Fund	01	2006	9.3738	10.5913	0
AIM V.I. Small Company Growth Fund	01	2005	9.0009	9.3738	0
AIM V.I. Small Company Growth Fund	01	2004	7.9828	9.0009	0
AIM V.I. Small Company Growth Fund	01	2003	6.0430	7.9828	0
AIM V.I. Small Company Growth Fund	01	2002	8.8613	6.0430	0
AIM V.I. Small Company Growth Fund	01	2001	10.0000	8.8613	0
AIM V.I. Small Company Growth Fund	02	2007	10.5006	10.0000	0
AIM V.I. Small Company Growth Fund	02	2006	9.3075	10.5006	83,915
AIM V.I. Small Company Growth Fund	02	2005	8.9508	9.3075	21,305
AIM V.I. Small Company Growth Fund	02	2004	7.9504	8.9508	20,967
AIM V.I. Small Company Growth Fund	02	2003	6.0276	7.9504	18,694
AIM V.I. Small Company Growth Fund	02	2002	8.8522	6.0276	21,896
AIM V.I. Small Company Growth Fund	02	2001	10.0000	8.8522	8,770
AIM V.I. Small Company Growth Fund	03	2007	10.4406	10.0000	0
AIM V.I. Small Company Growth Fund	03	2006	9.2637	10.4406	0
AIM V.I. Small Company Growth Fund	03	2005	8.9176	9.2637	0
AIM V.I. Small Company Growth Fund	03	2004	7.9290	8.9176	0
AIM V.I. Small Company Growth Fund	03	2003	6.0174	7.9290	0
AIM V.I. Small Company Growth Fund	03	2002	8.8462	6.0174	0
AIM V.I. Small Company Growth Fund	03	2001	10.0000	8.8462	0
AIM V.I. Small Company Growth Fund	04	2007	10.4106	10.0000	0
AIM V.I. Small Company Growth Fund	04	2006	9.2417	10.4106	28,137
AIM V.I. Small Company Growth Fund	04	2005	8.9010	9.2417	29,947
AIM V.I. Small Company Growth Fund	04	2004	7.9182	8.9010	31,320
AIM V.I. Small Company Growth Fund	04	2003	6.0123	7.9182	30,797
AIM V.I. Small Company Growth Fund	04	2002	8.8432	6.0123	28,048
AIM V.I. Small Company Growth Fund	04	2001	10.0000	8.8432	15,650
AIM V.I. Small Company Growth Fund	05	2007	10.3509	10.0000	0
AIM V.I. Small Company Growth Fund	05	2006	9.1980	10.3509	45,853
AIM V.I. Small Company Growth Fund	05	2005	8.8679	9.1980	54,425
AIM V.I. Small Company Growth Fund	05	2004	7.8968	8.8679	59,251
AIM V.I. Small Company Growth Fund	05	2003	6.0021	7.8968	60,695
AIM V.I. Small Company Growth Fund	05	2002	8.8372	6.0021	32,998
AIM V.I. Small Company Growth Fund	05	2001	10.0000	8.8372	13,894
AIM V.I. Small Company Growth Fund	06	2007	10.2619	10.0000	0
AIM V.I. Small Company Growth Fund	06	2006	9.1329	10.2619	30,943
AIM V.I. Small Company Growth Fund	06	2005	8.8184	9.1329	26,169
AIM V.I. Small Company Growth Fund	06	2004	7.8648	8.8184	27,406
AIM V.I. Small Company Growth Fund	06	2003	5.9869	7.8648	34,789
AIM V.I. Small Company Growth Fund	06	2002	8.8282	5.9869	29,641
AIM V.I. Small Company Growth Fund	06	2001	10.0000	8.8282	20,911
AIM VI Small Cap	01	2007	10.0000	9.9128	0
AIM VI Small Cap	02	2007	10.0000	9.9027	78,095
AIM VI Small Cap	03	2007	10.0000	9.8960	0
AIM VI Small Cap	04	2007	10.0000	9.8926	27,494
AIM VI Small Cap	05	2007	10.0000	9.8859	15,846
AIM VI Small Cap	06	2007	10.0000	9.8758	24,080
Alger Am. Growth	01	2007	7.2549	10.0000	0
Alger Am. Growth	01	2006	6.9691	7.2549	0
Alger Am. Growth	01	2005	6.2832	6.9691	0
Alger Am. Growth	01	2004	6.0161	6.2832	0
Alger Am. Growth	01	2003	4.4959	6.0161	0
Alger Am. Growth	01	2002	6.7774	4.4959	21,406
Alger Am. Growth	01	2001	7.7636	6.7774	25,344
Alger Am. Growth	01	2000	10.0000	7.7636	0
Alger Am. Growth	02	2007	7.1841	10.0000	0
Alger Am. Growth	02	2006	6.9115	7.1841	150,259
Alger Am. Growth	02	2005	6.2407	6.9115	172,939
Alger Am. Growth	02	2004	5.9845	6.2407	267,123
Alger Am. Growth	02	2003	4.4791	5.9845	325,968
Alger Am. Growth	02	2002	6.7624	4.4791	383,694
Alger Am. Growth	02	2001	7.7583	6.7624	399,476
Alger Am. Growth	02	2000	10.0000	7.7583	0
Alger Am. Growth	03	2007	7.1373	10.0000	0
Alger Am. Growth	03	2006	6.8735	7.1373	16,666
Alger Am. Growth	03	2005	6.2126	6.8735	16,666
Alger Am. Growth	03	2004	5.9636	6.2126	16,666
Alger Am. Growth	03	2003	4.4680	5.9636	16,758
Alger Am. Growth	03	2002	6.7524	4.4680	143,992
Alger Am. Growth	03	2001	7.7547	6.7524	160,858
Alger Am. Growth	03	2000	10.0000	7.7547	0
Alger Am. Growth	04	2007	7.1140	10.0000	0
Alger Am. Growth	04	2006	6.8545	7.1140	230,375
Alger Am. Growth	04	2005	6.1986	6.8545	270,496
Alger Am. Growth	04	2004	5.9532	6.1986	322,250
Alger Am. Growth	04	2003	4.4624	5.9532	423,614
Alger Am. Growth	04	2002	6.7474	4.4624	496,633
Alger Am. Growth	04	2001	7.7529	6.7474	537,984
Alger Am. Growth	04	2000	10.0000	7.7529	0
Alger Am. Growth	05	2007	7.0675	10.0000	0
Alger Am. Growth	05	2006	6.8166	7.0675	679,054
Alger Am. Growth	05	2005	6.1705	6.8166	994,532
Alger Am. Growth	05	2004	5.9323	6.1705	1,360,917
Alger Am. Growth	05	2003	4.4513	5.9323	1,908,090
Alger Am. Growth	05	2002	6.7374	4.4513	2,059,075
Alger Am. Growth	05	2001	7.7494	6.7374	2,158,183
Alger Am. Growth	05	2000	10.0000	7.7494	0
Alger Am. Growth	06	2007	6.9983	10.0000	0
Alger Am. Growth	06	2006	6.7602	6.9983	277,139
Alger Am. Growth	06	2005	6.1288	6.7602	492,043
Alger Am. Growth	06	2004	5.9011	6.1288	758,207
Alger Am. Growth	06	2003	4.4346	5.9011	899,754
Alger Am. Growth	06	2002	6.7225	4.4346	959,617
Alger Am. Growth	06	2001	7.7440	6.7225	1,224,615
Alger Am. Growth	06	2000	10.0000	7.7440	0
Alger Am. Income & Growth	01	2007	7.8317	8.5385	0
Alger Am. Income & Growth	01	2006	7.2369	7.8317	0
Alger Am. Income & Growth	01	2005	7.0668	7.2369	0
Alger Am. Income & Growth	01	2004	6.6190	7.0668	11,908
Alger Am. Income & Growth	01	2003	5.1493	6.6190	11,908
Alger Am. Income & Growth	01	2002	7.5492	5.1493	11,908
Alger Am. Income & Growth	01	2001	8.9007	7.5492	11,908
Alger Am. Income & Growth	01	2000	10.0000	8.9007	0
Alger Am. Income & Growth	02	2007	7.7553	8.4423	69,884
Alger Am. Income & Growth	02	2006	7.1771	7.7553	89,011
Alger Am. Income & Growth	02	2005	7.0191	7.1771	115,878
Alger Am. Income & Growth	02	2004	6.5844	7.0191	144,432
Alger Am. Income & Growth	02	2003	5.1301	6.5844	249,798
Alger Am. Income & Growth	02	2002	7.5325	5.1301	298,433
Alger Am. Income & Growth	02	2001	8.8946	7.5325	356,107
Alger Am. Income & Growth	02	2000	10.0000	8.8946	0
Alger Am. Income & Growth	03	2007	7.7048	8.3788	16,407
Alger Am. Income & Growth	03	2006	7.1376	7.7048	16,407
Alger Am. Income & Growth	03	2005	6.9875	7.1376	16,407
Alger Am. Income & Growth	03	2004	6.5614	6.9875	16,407
Alger Am. Income & Growth	03	2003	5.1173	6.5614	16,497
Alger Am. Income & Growth	03	2002	7.5214	5.1173	30,355
Alger Am. Income & Growth	03	2001	8.8906	7.5214	28,769
Alger Am. Income & Growth	03	2000	10.0000	8.8906	0
Alger Am. Income & Growth	04	2007	7.6796	8.3472	162,805
Alger Am. Income & Growth	04	2006	7.1179	7.6796	194,962
Alger Am. Income & Growth	04	2005	6.9717	7.1179	238,708
Alger Am. Income & Growth	04	2004	6.5499	6.9717	269,316
Alger Am. Income & Growth	04	2003	5.1110	6.5499	325,557
Alger Am. Income & Growth	04	2002	7.5158	5.1110	390,378
Alger Am. Income & Growth	04	2001	8.8885	7.5158	469,117
Alger Am. Income & Growth	04	2000	10.0000	8.8885	0
Alger Am. Income & Growth	05	2007	7.6294	8.2842	231,985
Alger Am. Income & Growth	05	2006	7.0785	7.6294	290,231
Alger Am. Income & Growth	05	2005	6.9402	7.0785	320,399
Alger Am. Income & Growth	05	2004	6.5269	6.9402	443,135
Alger Am. Income & Growth	05	2003	5.0982	6.5269	574,717
Alger Am. Income & Growth	05	2002	7.5047	5.0982	633,284
Alger Am. Income & Growth	05	2001	8.8845	7.5047	802,943
Alger Am. Income & Growth	05	2000	10.0000	8.8845	0
Alger Am. Income & Growth	06	2007	7.5548	8.1906	99,060
Alger Am. Income & Growth	06	2006	7.0199	7.5548	102,496
Alger Am. Income & Growth	06	2005	6.8932	7.0199	123,531
Alger Am. Income & Growth	06	2004	6.4926	6.8932	140,579
Alger Am. Income & Growth	06	2003	5.0791	6.4926	267,998
Alger Am. Income & Growth	06	2002	7.4881	5.0791	309,350
Alger Am. Income & Growth	06	2001	8.8783	7.4881	314,307
Alger Am. Income & Growth	06	2000	10.0000	8.8783	0
Alger Am. Small Capitalization	01	2007	7.9565	9.2345	0
Alger Am. Small Capitalization	01	2006	6.6962	7.9565	0
Alger Am. Small Capitalization	01	2005	5.7868	6.6962	0
Alger Am. Small Capitalization	01	2004	5.0144	5.7868	0
Alger Am. Small Capitalization	01	2003	3.5583	5.0144	0
Alger Am. Small Capitalization	01	2002	4.8719	3.5583	0
Alger Am. Small Capitalization	01	2001	6.9821	4.8719	0
Alger Am. Small Capitalization	01	2000	10.0000	6.9821	0
Alger Am. Small Capitalization	02	2007	7.8788	9.1305	39,694
Alger Am. Small Capitalization	02	2006	6.6409	7.8788	58,480
Alger Am. Small Capitalization	02	2005	5.7477	6.6409	69,336
Alger Am. Small Capitalization	02	2004	4.9881	5.7477	73,018
Alger Am. Small Capitalization	02	2003	3.5450	4.9881	84,335
Alger Am. Small Capitalization	02	2002	4.8611	3.5450	92,161
Alger Am. Small Capitalization	02	2001	6.9773	4.8611	94,917
Alger Am. Small Capitalization	02	2000	10.0000	6.9773	0
Alger Am. Small Capitalization	03	2007	7.8275	9.0618	9,376
Alger Am. Small Capitalization	03	2006	6.6043	7.8275	9,376
Alger Am. Small Capitalization	03	2005	5.7218	6.6043	9,376
Alger Am. Small Capitalization	03	2004	4.9707	5.7218	9,376
Alger Am. Small Capitalization	03	2003	3.5362	4.9707	9,376
Alger Am. Small Capitalization	03	2002	4.8539	3.5362	30,285
Alger Am. Small Capitalization	03	2001	6.9741	4.8539	27,593
Alger Am. Small Capitalization	03	2000	10.0000	6.9741	0
Alger Am. Small Capitalization	04	2007	7.8019	9.0276	41,648
Alger Am. Small Capitalization	04	2006	6.5861	7.8019	57,784
Alger Am. Small Capitalization	04	2005	5.7088	6.5861	68,874
Alger Am. Small Capitalization	04	2004	4.9620	5.7088	78,741
Alger Am. Small Capitalization	04	2003	3.5318	4.9620	100,201
Alger Am. Small Capitalization	04	2002	4.8503	3.5318	128,975
Alger Am. Small Capitalization	04	2001	6.9725	4.8503	144,086
Alger Am. Small Capitalization	04	2000	10.0000	6.9725	0
Alger Am. Small Capitalization	05	2007	7.7509	8.9594	75,283
Alger Am. Small Capitalization	05	2006	6.5496	7.7509	93,778
Alger Am. Small Capitalization	05	2005	5.6830	6.5496	110,038
Alger Am. Small Capitalization	05	2004	4.9445	5.6830	124,308
Alger Am. Small Capitalization	05	2003	3.5229	4.9445	149,153
Alger Am. Small Capitalization	05	2002	4.8431	3.5229	174,045
Alger Am. Small Capitalization	05	2001	6.9693	4.8431	183,398
Alger Am. Small Capitalization	05	2000	10.0000	6.9693	0
Alger Am. Small Capitalization	06	2007	7.6751	8.8582	29,459
Alger Am. Small Capitalization	06	2006	6.4954	7.6751	31,397
Alger Am. Small Capitalization	06	2005	5.6445	6.4954	38,147
Alger Am. Small Capitalization	06	2004	4.9186	5.6445	47,276
Alger Am. Small Capitalization	06	2003	3.5097	4.9186	59,974
Alger Am. Small Capitalization	06	2002	4.8324	3.5097	64,240
Alger Am. Small Capitalization	06	2001	6.9644	4.8324	67,320
Alger Am. Small Capitalization	06	2000	10.0000	6.9644	0
Alliance Bernstein Global Technology Portfolio	01	2007	7.6030	9.0239	0
Alliance Bernstein Global Technology Portfolio	01	2006	7.0857	7.6030	0
Alliance Bernstein Global Technology Portfolio	01	2005	6.9052	7.0857	0
Alliance Bernstein Global Technology Portfolio	01	2004	6.6374	6.9052	0
Alliance Bernstein Global Technology Portfolio	01	2003	4.6626	6.6374	0
Alliance Bernstein Global Technology Portfolio	01	2002	8.0937	4.6626	0
Alliance Bernstein Global Technology Portfolio	01	2001	10.0000	8.0937	0
Alliance Bernstein Global Technology Portfolio	02	2007	7.5378	8.9329	11,675
Alliance Bernstein Global Technology Portfolio	02	2006	7.0356	7.5378	11,398
Alliance Bernstein Global Technology Portfolio	02	2005	6.8667	7.0356	11,401
Alliance Bernstein Global Technology Portfolio	02	2004	6.6106	6.8667	12,083
Alliance Bernstein Global Technology Portfolio	02	2003	4.6508	6.6106	14,626
Alliance Bernstein Global Technology Portfolio	02	2002	8.0854	4.6508	16,885
Alliance Bernstein Global Technology Portfolio	02	2001	10.0000	8.0854	7,801
Alliance Bernstein Global Technology Portfolio	03	2007	7.4947	8.8728	0
Alliance Bernstein Global Technology Portfolio	03	2006	7.0024	7.4947	0
Alliance Bernstein Global Technology Portfolio	03	2005	6.8413	7.0024	0
Alliance Bernstein Global Technology Portfolio	03	2004	6.5927	6.8413	0
Alliance Bernstein Global Technology Portfolio	03	2003	4.6429	6.5927	0
Alliance Bernstein Global Technology Portfolio	03	2002	8.0799	4.6429	0
Alliance Bernstein Global Technology Portfolio	03	2001	10.0000	8.0799	0
Alliance Bernstein Global Technology Portfolio	04	2007	7.4732	8.8428	10,371
Alliance Bernstein Global Technology Portfolio	04	2006	6.9858	7.4732	11,038
Alliance Bernstein Global Technology Portfolio	04	2005	6.8285	6.9858	13,404
Alliance Bernstein Global Technology Portfolio	04	2004	6.5838	6.8285	15,152
Alliance Bernstein Global Technology Portfolio	04	2003	4.6390	6.5838	22,616
Alliance Bernstein Global Technology Portfolio	04	2002	8.0772	4.6390	22,701
Alliance Bernstein Global Technology Portfolio	04	2001	10.0000	8.0772	14,920
Alliance Bernstein Global Technology Portfolio	05	2007	7.4303	8.7832	35,330
Alliance Bernstein Global Technology Portfolio	05	2006	6.9528	7.4303	42,508
Alliance Bernstein Global Technology Portfolio	05	2005	6.8031	6.9528	54,711
Alliance Bernstein Global Technology Portfolio	05	2004	6.5660	6.8031	31,794
Alliance Bernstein Global Technology Portfolio	05	2003	4.6311	6.5660	32,221
Alliance Bernstein Global Technology Portfolio	05	2002	8.0717	4.6311	51,790
Alliance Bernstein Global Technology Portfolio	05	2001	10.0000	8.0717	12,343
Alliance Bernstein Global Technology Portfolio	06	2007	7.3665	8.6944	17,932
Alliance Bernstein Global Technology Portfolio	06	2006	6.9036	7.3665	20,750
Alliance Bernstein Global Technology Portfolio	06	2005	6.7652	6.9036	27,959
Alliance Bernstein Global Technology Portfolio	06	2004	6.5393	6.7652	34,313
Alliance Bernstein Global Technology Portfolio	06	2003	4.6193	6.5393	36,418
Alliance Bernstein Global Technology Portfolio	06	2002	8.0635	4.6193	45,339
Alliance Bernstein Global Technology Portfolio	06	2001	10.0000	8.0635	22,463
Alliance Bernstein Large Cap Growth Portfolio	01	2007	8.6021	10.0000	0
Alliance Bernstein Large Cap Growth Portfolio	01	2006	8.7447	8.6021	0
Alliance Bernstein Large Cap Growth Portfolio	01	2005	7.6912	8.7447	0
Alliance Bernstein Large Cap Growth Portfolio	01	2004	7.1707	7.6912	0
Alliance Bernstein Large Cap Growth Portfolio	01	2003	5.8711	7.1707	0
Alliance Bernstein Large Cap Growth Portfolio	01	2002	8.5752	5.8711	0
Alliance Bernstein Large Cap Growth Portfolio	01	2001	10.0000	8.5752	0
Alliance Bernstein Large Cap Growth Portfolio	02	2007	8.5283	10.0000	0
Alliance Bernstein Large Cap Growth Portfolio	02	2006	8.6829	8.5283	142,523
Alliance Bernstein Large Cap Growth Portfolio	02	2005	7.6484	8.6829	319,891
Alliance Bernstein Large Cap Growth Portfolio	02	2004	7.1416	7.6484	336,044
Alliance Bernstein Large Cap Growth Portfolio	02	2003	5.8562	7.1416	363,924
Alliance Bernstein Large Cap Growth Portfolio	02	2002	8.5665	5.8562	144,212
Alliance Bernstein Large Cap Growth Portfolio	02	2001	10.0000	8.5665	87,747
Alliance Bernstein Large Cap Growth Portfolio	03	2007	8.4796	10.0000	0
Alliance Bernstein Large Cap Growth Portfolio	03	2006	8.6420	8.4796	0
Alliance Bernstein Large Cap Growth Portfolio	03	2005	7.6201	8.6420	0
Alliance Bernstein Large Cap Growth Portfolio	03	2004	7.1224	7.6201	0
Alliance Bernstein Large Cap Growth Portfolio	03	2003	5.8464	7.1224	0
Alliance Bernstein Large Cap Growth Portfolio	03	2002	8.5607	5.8464	0
Alliance Bernstein Large Cap Growth Portfolio	03	2001	10.0000	8.5607	0
Alliance Bernstein Large Cap Growth Portfolio	04	2007	8.4552	10.0000	0
Alliance Bernstein Large Cap Growth Portfolio	04	2006	8.6216	8.4552	51,224
Alliance Bernstein Large Cap Growth Portfolio	04	2005	7.6059	8.6216	78,753
Alliance Bernstein Large Cap Growth Portfolio	04	2004	7.1127	7.6059	81,373
Alliance Bernstein Large Cap Growth Portfolio	04	2003	5.8414	7.1127	89,603
Alliance Bernstein Large Cap Growth Portfolio	04	2002	8.5578	5.8414	85,927
Alliance Bernstein Large Cap Growth Portfolio	04	2001	10.0000	8.5578	52,607
Alliance Bernstein Large Cap Growth Portfolio	05	2007	8.4067	10.0000	0
Alliance Bernstein Large Cap Growth Portfolio	05	2006	8.5808	8.4067	119,475
Alliance Bernstein Large Cap Growth Portfolio	05	2005	7.5775	8.5808	141,984
Alliance Bernstein Large Cap Growth Portfolio	05	2004	7.0935	7.5775	125,294
Alliance Bernstein Large Cap Growth Portfolio	05	2003	5.8315	7.0935	124,618
Alliance Bernstein Large Cap Growth Portfolio	05	2002	8.5519	5.8315	135,802
Alliance Bernstein Large Cap Growth Portfolio	05	2001	10.0000	8.5519	67,270
Alliance Bernstein Large Cap Growth Portfolio	06	2007	8.3345	10.0000	0
Alliance Bernstein Large Cap Growth Portfolio	06	2006	8.5200	8.3345	108,909
Alliance Bernstein Large Cap Growth Portfolio	06	2005	7.5353	8.5200	110,696
Alliance Bernstein Large Cap Growth Portfolio	06	2004	7.0647	7.5353	119,713
Alliance Bernstein Large Cap Growth Portfolio	06	2003	5.8166	7.0647	160,069
Alliance Bernstein Large Cap Growth Portfolio	06	2002	8.5432	5.8166	186,718
Alliance Bernstein Large Cap Growth Portfolio	06	2001	10.0000	8.5432	109,464
Alliance Bernstein VP Growth and Income Portfolio	01	2007	12.3463	12.8162	0
Alliance Bernstein VP Growth and Income Portfolio	01	2006	10.6601	12.3463	0
Alliance Bernstein VP Growth and Income Portfolio	01	2005	10.2943	10.6601	0
Alliance Bernstein VP Growth and Income Portfolio	01	2004	9.3494	10.2943	495,111
Alliance Bernstein VP Growth and Income Portfolio	01	2003	7.1444	9.3494	528,441
Alliance Bernstein VP Growth and Income Portfolio	01	2002	9.2837	7.1444	289,776
Alliance Bernstein VP Growth and Income Portfolio	01	2001	10.0000	9.2837	0
Alliance Bernstein VP Growth and Income Portfolio	02	2007	12.2405	12.6870	212,818
Alliance Bernstein VP Growth and Income Portfolio	02	2006	10.5848	12.2405	254,920
Alliance Bernstein VP Growth and Income Portfolio	02	2005	10.2371	10.5848	388,814
Alliance Bernstein VP Growth and Income Portfolio	02	2004	9.3116	10.2371	435,902
Alliance Bernstein VP Growth and Income Portfolio	02	2003	7.1263	9.3116	457,778
Alliance Bernstein VP Growth and Income Portfolio	02	2002	9.2742	7.1263	316,095
Alliance Bernstein VP Growth and Income Portfolio	02	2001	10.0000	9.2742	134,214
Alliance Bernstein VP Growth and Income Portfolio	03	2007	12.1706	12.6017	27,356
Alliance Bernstein VP Growth and Income Portfolio	03	2006	10.5349	12.1706	28,561
Alliance Bernstein VP Growth and Income Portfolio	03	2005	10.1991	10.5349	51,467
Alliance Bernstein VP Growth and Income Portfolio	03	2004	9.2865	10.1991	52,882
Alliance Bernstein VP Growth and Income Portfolio	03	2003	7.1142	9.2865	54,381
Alliance Bernstein VP Growth and Income Portfolio	03	2002	9.2680	7.1142	56,080
Alliance Bernstein VP Growth and Income Portfolio	03	2001	10.0000	9.2680	18,765
Alliance Bernstein VP Growth and Income Portfolio	04	2007	12.1356	12.5591	213,193
Alliance Bernstein VP Growth and Income Portfolio	04	2006	10.5100	12.1356	261,559
Alliance Bernstein VP Growth and Income Portfolio	04	2005	10.1802	10.5100	349,742
Alliance Bernstein VP Growth and Income Portfolio	04	2004	9.2739	10.1802	380,916
Alliance Bernstein VP Growth and Income Portfolio	04	2003	7.1082	9.2739	406,207
Alliance Bernstein VP Growth and Income Portfolio	04	2002	9.2648	7.1082	402,307
Alliance Bernstein VP Growth and Income Portfolio	04	2001	10.0000	9.2648	212,874
Alliance Bernstein VP Growth and Income Portfolio	05	2007	12.0660	12.4744	252,806
Alliance Bernstein VP Growth and Income Portfolio	05	2006	10.4603	12.0660	304,116
Alliance Bernstein VP Growth and Income Portfolio	05	2005	10.1423	10.4603	373,219
Alliance Bernstein VP Growth and Income Portfolio	05	2004	9.2488	10.1423	421,162
Alliance Bernstein VP Growth and Income Portfolio	05	2003	7.0962	9.2488	390,394
Alliance Bernstein VP Growth and Income Portfolio	05	2002	9.2585	7.0962	469,382
Alliance Bernstein VP Growth and Income Portfolio	05	2001	10.0000	9.2585	143,364
Alliance Bernstein VP Growth and Income Portfolio	06	2007	11.9624	12.3484	239,034
Alliance Bernstein VP Growth and Income Portfolio	06	2006	10.3862	11.9624	273,822
Alliance Bernstein VP Growth and Income Portfolio	06	2005	10.0858	10.3862	310,261
Alliance Bernstein VP Growth and Income Portfolio	06	2004	9.2113	10.0858	338,684
Alliance Bernstein VP Growth and Income Portfolio	06	2003	7.0781	9.2113	332,660
Alliance Bernstein VP Growth and Income Portfolio	06	2002	9.2491	7.0781	341,356
Alliance Bernstein VP Growth and Income Portfolio	06	2001	10.0000	9.2491	116,848
Alliance Bernstein VP Small Cap Growth Portfolio	01	2007	12.0048	13.5120	0
Alliance Bernstein VP Small Cap Growth Portfolio	01	2006	10.9731	12.0048	0
Alliance Bernstein VP Small Cap Growth Portfolio	01	2005	10.5702	10.9731	0
Alliance Bernstein VP Small Cap Growth Portfolio	01	2004	9.3344	10.5702	0
Alliance Bernstein VP Small Cap Growth Portfolio	01	2003	6.3418	9.3344	0
Alliance Bernstein VP Small Cap Growth Portfolio	01	2002	9.4295	6.3418	0
Alliance Bernstein VP Small Cap Growth Portfolio	01	2001	10.0000	9.4295	0
Alliance Bernstein VP Small Cap Growth Portfolio	02	2007	11.9019	13.3757	33,325
Alliance Bernstein VP Small Cap Growth Portfolio	02	2006	10.8955	11.9019	34,650
Alliance Bernstein VP Small Cap Growth Portfolio	02	2005	10.5113	10.8955	49,470
Alliance Bernstein VP Small Cap Growth Portfolio	02	2004	9.2966	10.5113	28,259
Alliance Bernstein VP Small Cap Growth Portfolio	02	2003	6.3257	9.2966	5,686
Alliance Bernstein VP Small Cap Growth Portfolio	02	2002	9.4199	6.3257	8,067
Alliance Bernstein VP Small Cap Growth Portfolio	02	2001	10.0000	9.4199	44,890
Alliance Bernstein VP Small Cap Growth Portfolio	03	2007	11.8339	13.2858	0
Alliance Bernstein VP Small Cap Growth Portfolio	03	2006	10.8442	11.8339	0
Alliance Bernstein VP Small Cap Growth Portfolio	03	2005	10.4724	10.8442	0
Alliance Bernstein VP Small Cap Growth Portfolio	03	2004	9.2715	10.4724	0
Alliance Bernstein VP Small Cap Growth Portfolio	03	2003	6.3150	9.2715	0
Alliance Bernstein VP Small Cap Growth Portfolio	03	2002	9.4135	6.3150	0
Alliance Bernstein VP Small Cap Growth Portfolio	03	2001	10.0000	9.4135	0
Alliance Bernstein VP Small Cap Growth Portfolio	04	2007	11.7999	13.2409	23,525
Alliance Bernstein VP Small Cap Growth Portfolio	04	2006	10.8185	11.7999	12,855
Alliance Bernstein VP Small Cap Growth Portfolio	04	2005	10.4529	10.8185	13,119
Alliance Bernstein VP Small Cap Growth Portfolio	04	2004	9.2590	10.4529	8,611
Alliance Bernstein VP Small Cap Growth Portfolio	04	2003	6.3096	9.2590	3,313
Alliance Bernstein VP Small Cap Growth Portfolio	04	2002	9.4103	6.3096	3,217
Alliance Bernstein VP Small Cap Growth Portfolio	04	2001	10.0000	9.4103	23,184
Alliance Bernstein VP Small Cap Growth Portfolio	05	2007	11.7322	13.1515	22,704
Alliance Bernstein VP Small Cap Growth Portfolio	05	2006	10.7674	11.7322	47,345
Alliance Bernstein VP Small Cap Growth Portfolio	05	2005	10.4140	10.7674	57,881
Alliance Bernstein VP Small Cap Growth Portfolio	05	2004	9.2339	10.4140	54,796
Alliance Bernstein VP Small Cap Growth Portfolio	05	2003	6.2989	9.2339	13,563
Alliance Bernstein VP Small Cap Growth Portfolio	05	2002	9.4039	6.2989	13,305
Alliance Bernstein VP Small Cap Growth Portfolio	05	2001	10.0000	9.4039	1,505
Alliance Bernstein VP Small Cap Growth Portfolio	06	2007	11.6315	13.0186	5,081
Alliance Bernstein VP Small Cap Growth Portfolio	06	2006	10.6911	11.6315	7,170
Alliance Bernstein VP Small Cap Growth Portfolio	06	2005	10.3559	10.6911	8,846
Alliance Bernstein VP Small Cap Growth Portfolio	06	2004	9.1965	10.3559	12,703
Alliance Bernstein VP Small Cap Growth Portfolio	06	2003	6.2829	9.1965	4,547
Alliance Bernstein VP Small Cap Growth Portfolio	06	2002	9.3943	6.2829	4,356
Alliance Bernstein VP Small Cap Growth Portfolio	06	2001	10.0000	9.3943	63
AllianceBernstein International Growth Portfolio	01	2007	21.1335	24.6408	0
AllianceBernstein International Growth Portfolio	01	2006	16.8482	21.1335	0
AllianceBernstein International Growth Portfolio	01	2005	14.1167	16.8482	0
AllianceBernstein International Growth Portfolio	01	2004	11.5022	14.1167	0
AllianceBernstein International Growth Portfolio	01	2003	8.1206	11.5022	0
AllianceBernstein International Growth Portfolio	01	2002	8.5678	8.1206	0
AllianceBernstein International Growth Portfolio	01	2001	10.0000	8.5678	0
AllianceBernstein International Growth Portfolio	02	2007	20.9525	24.3925	124,051
AllianceBernstein International Growth Portfolio	02	2006	16.7292	20.9525	115,917
AllianceBernstein International Growth Portfolio	02	2005	14.0382	16.7292	46,517
AllianceBernstein International Growth Portfolio	02	2004	11.4556	14.0382	52,467
AllianceBernstein International Growth Portfolio	02	2003	8.1000	11.4556	52,060
AllianceBernstein International Growth Portfolio	02	2002	8.5591	8.1000	38,475
AllianceBernstein International Growth Portfolio	02	2001	10.0000	8.5591	8,432
AllianceBernstein International Growth Portfolio	03	2007	20.8328	24.2285	0
AllianceBernstein International Growth Portfolio	03	2006	16.6504	20.8328	0
AllianceBernstein International Growth Portfolio	03	2005	13.9862	16.6504	0
AllianceBernstein International Growth Portfolio	03	2004	11.4247	13.9862	0
AllianceBernstein International Growth Portfolio	03	2003	8.0863	11.4247	0
AllianceBernstein International Growth Portfolio	03	2002	8.5533	8.0863	0
AllianceBernstein International Growth Portfolio	03	2001	10.0000	8.5533	0
AllianceBernstein International Growth Portfolio	04	2007	20.7731	24.1467	45,141
AllianceBernstein International Growth Portfolio	04	2006	16.6110	20.7731	50,193
AllianceBernstein International Growth Portfolio	04	2005	13.9602	16.6110	40,439
AllianceBernstein International Growth Portfolio	04	2004	11.4093	13.9602	30,048
AllianceBernstein International Growth Portfolio	04	2003	8.0795	11.4093	23,448
AllianceBernstein International Growth Portfolio	04	2002	8.5503	8.0795	22,749
AllianceBernstein International Growth Portfolio	04	2001	10.0000	8.5503	5,260
AllianceBernstein International Growth Portfolio	05	2007	20.6540	23.9838	62,135
AllianceBernstein International Growth Portfolio	05	2006	16.5325	20.6540	65,587
AllianceBernstein International Growth Portfolio	05	2005	13.9082	16.5325	65,354
AllianceBernstein International Growth Portfolio	05	2004	11.3784	13.9082	46,463
AllianceBernstein International Growth Portfolio	05	2003	8.0658	11.3784	58,089
AllianceBernstein International Growth Portfolio	05	2002	8.5445	8.0658	64,267
AllianceBernstein International Growth Portfolio	05	2001	10.0000	8.5445	565
AllianceBernstein International Growth Portfolio	06	2007	20.4767	23.7415	31,681
AllianceBernstein International Growth Portfolio	06	2006	16.4155	20.4767	34,980
AllianceBernstein International Growth Portfolio	06	2005	13.8307	16.4155	46,725
AllianceBernstein International Growth Portfolio	06	2004	11.3322	13.8307	23,642
AllianceBernstein International Growth Portfolio	06	2003	8.0453	11.3322	20,026
AllianceBernstein International Growth Portfolio	06	2002	8.5358	8.0453	13,481
AllianceBernstein International Growth Portfolio	06	2001	10.0000	8.5358	6,516
Fidelity VIP Contrafund Portfolio	01	2007	15.6505	18.1740	0
Fidelity VIP Contrafund Portfolio	01	2006	14.1864	15.6505	0
Fidelity VIP Contrafund Portfolio	01	2005	12.2843	14.1864	0
Fidelity VIP Contrafund Portfolio	01	2004	10.7752	12.2843	0
Fidelity VIP Contrafund Portfolio	01	2003	8.4901	10.7752	0
Fidelity VIP Contrafund Portfolio	01	2002	9.4870	8.4901	0
Fidelity VIP Contrafund Portfolio	01	2001	10.0000	9.4870	0
Fidelity VIP Contrafund Portfolio	02	2007	15.5165	17.9908	280,055
Fidelity VIP Contrafund Portfolio	02	2006	14.0862	15.5165	293,985
Fidelity VIP Contrafund Portfolio	02	2005	12.2160	14.0862	258,253
Fidelity VIP Contrafund Portfolio	02	2004	10.7316	12.2160	228,133
Fidelity VIP Contrafund Portfolio	02	2003	8.4686	10.7316	176,141
Fidelity VIP Contrafund Portfolio	02	2002	9.4774	8.4686	148,576
Fidelity VIP Contrafund Portfolio	02	2001	10.0000	9.4774	37,501
Fidelity VIP Contrafund Portfolio	03	2007	15.4279	17.8699	0
Fidelity VIP Contrafund Portfolio	03	2006	14.0198	15.4279	0
Fidelity VIP Contrafund Portfolio	03	2005	12.1707	14.0198	0
Fidelity VIP Contrafund Portfolio	03	2004	10.7027	12.1707	0
Fidelity VIP Contrafund Portfolio	03	2003	8.4543	10.7027	22,134
Fidelity VIP Contrafund Portfolio	03	2002	9.4710	8.4543	9,216
Fidelity VIP Contrafund Portfolio	03	2001	10.0000	9.4710	16,278
Fidelity VIP Contrafund Portfolio	04	2007	15.3835	17.8095	248,356
Fidelity VIP Contrafund Portfolio	04	2006	13.9867	15.3835	281,000
Fidelity VIP Contrafund Portfolio	04	2005	12.1481	13.9867	273,048
Fidelity VIP Contrafund Portfolio	04	2004	10.6882	12.1481	268,839
Fidelity VIP Contrafund Portfolio	04	2003	8.4471	10.6882	182,047
Fidelity VIP Contrafund Portfolio	04	2002	9.4678	8.4471	132,261
Fidelity VIP Contrafund Portfolio	04	2001	10.0000	9.4678	31,602
Fidelity VIP Contrafund Portfolio	05	2007	15.2954	17.6894	326,923
Fidelity VIP Contrafund Portfolio	05	2006	13.9206	15.2954	310,234
Fidelity VIP Contrafund Portfolio	05	2005	12.1029	13.9206	285,246
Fidelity VIP Contrafund Portfolio	05	2004	10.6593	12.1029	225,231
Fidelity VIP Contrafund Portfolio	05	2003	8.4328	10.6593	169,075
Fidelity VIP Contrafund Portfolio	05	2002	9.4613	8.4328	124,130
Fidelity VIP Contrafund Portfolio	05	2001	10.0000	9.4613	24,110
Fidelity VIP Contrafund Portfolio	06	2007	15.1641	17.5107	229,963
Fidelity VIP Contrafund Portfolio	06	2006	13.8220	15.1641	255,271
Fidelity VIP Contrafund Portfolio	06	2005	12.0354	13.8220	240,632
Fidelity VIP Contrafund Portfolio	06	2004	10.6161	12.0354	225,648
Fidelity VIP Contrafund Portfolio	06	2003	8.4114	10.6161	174,381
Fidelity VIP Contrafund Portfolio	06	2002	9.4517	8.4114	148,801
Fidelity VIP Contrafund Portfolio	06	2001	10.0000	9.4517	39,014
Fidelity VIP Growth Portfolio	01	2007	8.8640	11.1143	8,629
Fidelity VIP Growth Portfolio	01	2006	8.4011	8.8640	8,629
Fidelity VIP Growth Portfolio	01	2005	8.0431	8.4011	8,629
Fidelity VIP Growth Portfolio	01	2004	7.8786	8.0431	0
Fidelity VIP Growth Portfolio	01	2003	6.0042	7.8786	4,468
Fidelity VIP Growth Portfolio	01	2002	8.7010	6.0042	0
Fidelity VIP Growth Portfolio	01	2001	10.0000	8.7010	0
Fidelity VIP Growth Portfolio	02	2007	8.7880	11.0022	481,476
Fidelity VIP Growth Portfolio	02	2006	8.3417	8.7880	594,350
Fidelity VIP Growth Portfolio	02	2005	7.9984	8.3417	471,544
Fidelity VIP Growth Portfolio	02	2004	7.8467	7.9984	521,997
Fidelity VIP Growth Portfolio	02	2003	5.9890	7.8467	484,414
Fidelity VIP Growth Portfolio	02	2002	8.6922	5.9890	516,411
Fidelity VIP Growth Portfolio	02	2001	10.0000	8.6922	298,052
Fidelity VIP Growth Portfolio	03	2007	8.7378	10.9282	53,850
Fidelity VIP Growth Portfolio	03	2006	8.3024	8.7378	63,444
Fidelity VIP Growth Portfolio	03	2005	7.9687	8.3024	48,345
Fidelity VIP Growth Portfolio	03	2004	7.8255	7.9687	48,196
Fidelity VIP Growth Portfolio	03	2003	5.9789	7.8255	43,656
Fidelity VIP Growth Portfolio	03	2002	8.6863	5.9789	34,438
Fidelity VIP Growth Portfolio	03	2001	10.0000	8.6863	20,638
Fidelity VIP Growth Portfolio	04	2007	8.7127	10.8913	458,082
Fidelity VIP Growth Portfolio	04	2006	8.2828	8.7127	589,582
Fidelity VIP Growth Portfolio	04	2005	7.9539	8.2828	575,573
Fidelity VIP Growth Portfolio	04	2004	7.8149	7.9539	612,128
Fidelity VIP Growth Portfolio	04	2003	5.9738	7.8149	560,164
Fidelity VIP Growth Portfolio	04	2002	8.6833	5.9738	462,691
Fidelity VIP Growth Portfolio	04	2001	10.0000	8.6833	365,485
Fidelity VIP Growth Portfolio	05	2007	8.6627	10.8178	504,693
Fidelity VIP Growth Portfolio	05	2006	8.2436	8.6627	706,570
Fidelity VIP Growth Portfolio	05	2005	7.9243	8.2436	741,242
Fidelity VIP Growth Portfolio	05	2004	7.7938	7.9243	778,079
Fidelity VIP Growth Portfolio	05	2003	5.9637	7.7938	687,859
Fidelity VIP Growth Portfolio	05	2002	8.6774	5.9637	581,689
Fidelity VIP Growth Portfolio	05	2001	10.0000	8.6774	486,915
Fidelity VIP Growth Portfolio	06	2007	8.5883	10.7084	488,366
Fidelity VIP Growth Portfolio	06	2006	8.1852	8.5883	611,724
Fidelity VIP Growth Portfolio	06	2005	7.8801	8.1852	619,650
Fidelity VIP Growth Portfolio	06	2004	7.7621	7.8801	679,529
Fidelity VIP Growth Portfolio	06	2003	5.9485	7.7621	615,007
Fidelity VIP Growth Portfolio	06	2002	8.6686	5.9485	518,008
Fidelity VIP Growth Portfolio	06	2001	10.0000	8.6686	243,391
Fidelity VIP Overseas Portfolio	01	2007	13.8321	16.0282	0
Fidelity VIP Overseas Portfolio	01	2006	11.8630	13.8321	0
Fidelity VIP Overseas Portfolio	01	2005	10.0877	11.8630	0
Fidelity VIP Overseas Portfolio	01	2004	8.9926	10.0877	0
Fidelity VIP Overseas Portfolio	01	2003	6.3504	8.9926	0
Fidelity VIP Overseas Portfolio	01	2002	8.0642	6.3504	0
Fidelity VIP Overseas Portfolio	01	2001	10.0000	8.0642	0
Fidelity VIP Overseas Portfolio	02	2007	13.7136	15.8666	63,466
Fidelity VIP Overseas Portfolio	02	2006	11.7792	13.7136	68,642
Fidelity VIP Overseas Portfolio	02	2005	10.0316	11.7792	75,314
Fidelity VIP Overseas Portfolio	02	2004	8.9562	10.0316	110,544
Fidelity VIP Overseas Portfolio	02	2003	6.3343	8.9562	100,227
Fidelity VIP Overseas Portfolio	02	2002	8.0560	6.3343	111,890
Fidelity VIP Overseas Portfolio	02	2001	10.0000	8.0560	287,605
Fidelity VIP Overseas Portfolio	03	2007	13.6353	15.7599	13,709
Fidelity VIP Overseas Portfolio	03	2006	11.7237	13.6353	14,313
Fidelity VIP Overseas Portfolio	03	2005	9.9945	11.7237	6,556
Fidelity VIP Overseas Portfolio	03	2004	8.9321	9.9945	6,556
Fidelity VIP Overseas Portfolio	03	2003	6.3235	8.9321	21,385
Fidelity VIP Overseas Portfolio	03	2002	8.0505	6.3235	6,556
Fidelity VIP Overseas Portfolio	03	2001	10.0000	8.0505	28,489
Fidelity VIP Overseas Portfolio	04	2007	13.5961	15.7067	62,667
Fidelity VIP Overseas Portfolio	04	2006	11.6960	13.5961	61,423
Fidelity VIP Overseas Portfolio	04	2005	9.9759	11.6960	68,648
Fidelity VIP Overseas Portfolio	04	2004	8.9200	9.9759	75,629
Fidelity VIP Overseas Portfolio	04	2003	6.3182	8.9200	86,286
Fidelity VIP Overseas Portfolio	04	2002	8.0478	6.3182	84,753
Fidelity VIP Overseas Portfolio	04	2001	10.0000	8.0478	267,320
Fidelity VIP Overseas Portfolio	05	2007	13.5181	15.6007	39,345
Fidelity VIP Overseas Portfolio	05	2006	11.6407	13.5181	57,841
Fidelity VIP Overseas Portfolio	05	2005	9.9387	11.6407	80,629
Fidelity VIP Overseas Portfolio	05	2004	8.8958	9.9387	103,876
Fidelity VIP Overseas Portfolio	05	2003	6.3075	8.8958	88,738
Fidelity VIP Overseas Portfolio	05	2002	8.0423	6.3075	99,988
Fidelity VIP Overseas Portfolio	05	2001	10.0000	8.0423	363,757
Fidelity VIP Overseas Portfolio	06	2007	13.4021	15.4431	46,857
Fidelity VIP Overseas Portfolio	06	2006	11.5583	13.4021	61,233
Fidelity VIP Overseas Portfolio	06	2005	9.8833	11.5583	77,508
Fidelity VIP Overseas Portfolio	06	2004	8.8598	9.8833	94,039
Fidelity VIP Overseas Portfolio	06	2003	6.2914	8.8598	100,000
Fidelity VIP Overseas Portfolio	06	2002	8.0341	6.2914	85,535
Fidelity VIP Overseas Portfolio	06	2001	10.0000	8.0341	205,124
First Eagle Overseas Variable Fund	01	2007	31.3390	33.4453	5,897
First Eagle Overseas Variable Fund	01	2006	25.3074	31.3390	5,897
First Eagle Overseas Variable Fund	01	2005	21.0465	25.3074	5,897
First Eagle Overseas Variable Fund	01	2004	16.6817	21.0465	0
First Eagle Overseas Variable Fund	01	2003	11.1532	16.6817	4,483
First Eagle Overseas Variable Fund	01	2002	10.0000	11.1532	0
First Eagle Overseas Variable Fund	02	2007	31.1377	33.1797	338,086
First Eagle Overseas Variable Fund	02	2006	25.1828	31.1377	404,490
First Eagle Overseas Variable Fund	02	2005	20.9746	25.1828	420,933
First Eagle Overseas Variable Fund	02	2004	16.6501	20.9746	419,846
First Eagle Overseas Variable Fund	02	2003	11.1489	16.6501	436,203
First Eagle Overseas Variable Fund	02	2002	10.0000	11.1489	349,064
First Eagle Overseas Variable Fund	03	2007	31.0043	33.0040	45,551
First Eagle Overseas Variable Fund	03	2006	25.1002	31.0043	47,696
First Eagle Overseas Variable Fund	03	2005	20.9269	25.1002	35,126
First Eagle Overseas Variable Fund	03	2004	16.6290	20.9269	31,642
First Eagle Overseas Variable Fund	03	2003	11.1461	16.6290	33,514
First Eagle Overseas Variable Fund	03	2002	10.0000	11.1461	29,621
First Eagle Overseas Variable Fund	04	2007	30.9376	32.9162	370,371
First Eagle Overseas Variable Fund	04	2006	25.0589	30.9376	416,506
First Eagle Overseas Variable Fund	04	2005	20.9030	25.0589	432,948
First Eagle Overseas Variable Fund	04	2004	16.6185	20.9030	423,299
First Eagle Overseas Variable Fund	04	2003	11.1447	16.6185	419,296
First Eagle Overseas Variable Fund	04	2002	10.0000	11.1447	337,036
First Eagle Overseas Variable Fund	05	2007	30.8046	32.7413	450,896
First Eagle Overseas Variable Fund	05	2006	24.9765	30.8046	517,610
First Eagle Overseas Variable Fund	05	2005	20.8553	24.9765	559,367
First Eagle Overseas Variable Fund	05	2004	16.5974	20.8553	573,813
First Eagle Overseas Variable Fund	05	2003	11.1418	16.5974	562,412
First Eagle Overseas Variable Fund	05	2002	10.0000	11.1418	477,270
First Eagle Overseas Variable Fund	06	2007	30.6062	32.4807	415,986
First Eagle Overseas Variable Fund	06	2006	24.8533	30.6062	443,847
First Eagle Overseas Variable Fund	06	2005	20.7840	24.8533	490,069
First Eagle Overseas Variable Fund	06	2004	16.5659	20.7840	494,659
First Eagle Overseas Variable Fund	06	2003	11.1376	16.5659	464,020
First Eagle Overseas Variable Fund	06	2002	10.0000	11.1376	409,282
Goldman Sachs Structured Small Cap Equity Fund	01	2007	15.7605	13.0303	2,570
Goldman Sachs Structured Small Cap Equity Fund	01	2006	14.1795	15.7605	2,570
Goldman Sachs Structured Small Cap Equity Fund	01	2005	13.5029	14.1795	2,570
Goldman Sachs Structured Small Cap Equity Fund	01	2004	11.7251	13.5029	0
Goldman Sachs Structured Small Cap Equity Fund	01	2003	8.1117	11.7251	0
Goldman Sachs Structured Small Cap Equity Fund	01	2002	9.6359	8.1117	0
Goldman Sachs Structured Small Cap Equity Fund	01	2001	9.3120	9.6359	0
Goldman Sachs Structured Small Cap Equity Fund	01	2000	10.0000	9.3120	0
Goldman Sachs Structured Small Cap Equity Fund	02	2007	15.6068	12.8835	12,249
Goldman Sachs Structured Small Cap Equity Fund	02	2006	14.0625	15.6068	17,610
Goldman Sachs Structured Small Cap Equity Fund	02	2005	13.4117	14.0625	16,996
Goldman Sachs Structured Small Cap Equity Fund	02	2004	11.6637	13.4117	18,608
Goldman Sachs Structured Small Cap Equity Fund	02	2003	8.0814	11.6637	22,237
Goldman Sachs Structured Small Cap Equity Fund	02	2002	9.6145	8.0814	23,966
Goldman Sachs Structured Small Cap Equity Fund	02	2001	9.3056	9.6145	39,652
Goldman Sachs Structured Small Cap Equity Fund	02	2000	10.0000	9.3056	0
Goldman Sachs Structured Small Cap Equity Fund	03	2007	15.5053	12.7867	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2006	13.9851	15.5053	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2005	13.3514	13.9851	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2004	11.6230	13.3514	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2003	8.0614	11.6230	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2002	9.6004	8.0614	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2001	9.3013	9.6004	12,386
Goldman Sachs Structured Small Cap Equity Fund	03	2000	10.0000	9.3013	0
Goldman Sachs Structured Small Cap Equity Fund	04	2007	15.4546	12.7384	26,422
Goldman Sachs Structured Small Cap Equity Fund	04	2006	13.9464	15.4546	28,149
Goldman Sachs Structured Small Cap Equity Fund	04	2005	13.3212	13.9464	40,032
Goldman Sachs Structured Small Cap Equity Fund	04	2004	11.6026	13.3212	40,786
Goldman Sachs Structured Small Cap Equity Fund	04	2003	8.0513	11.6026	37,189
Goldman Sachs Structured Small Cap Equity Fund	04	2002	9.5933	8.0513	39,395
Goldman Sachs Structured Small Cap Equity Fund	04	2001	9.2992	9.5933	35,576
Goldman Sachs Structured Small Cap Equity Fund	04	2000	10.0000	9.2992	0
Goldman Sachs Structured Small Cap Equity Fund	05	2007	15.3537	12.6423	26,584
Goldman Sachs Structured Small Cap Equity Fund	05	2006	13.8694	15.3537	30,771
Goldman Sachs Structured Small Cap Equity Fund	05	2005	13.2610	13.8694	37,905
Goldman Sachs Structured Small Cap Equity Fund	05	2004	11.5620	13.2610	44,796
Goldman Sachs Structured Small Cap Equity Fund	05	2003	8.0312	11.5620	35,831
Goldman Sachs Structured Small Cap Equity Fund	05	2002	9.5791	8.0312	39,978
Goldman Sachs Structured Small Cap Equity Fund	05	2001	9.2949	9.5791	48,145
Goldman Sachs Structured Small Cap Equity Fund	05	2000	10.0000	9.2949	0
Goldman Sachs Structured Small Cap Equity Fund	06	2007	15.2036	12.4995	12,567
Goldman Sachs Structured Small Cap Equity Fund	06	2006	13.7546	15.2036	13,639
Goldman Sachs Structured Small Cap Equity Fund	06	2005	13.1713	13.7546	20,067
Goldman Sachs Structured Small Cap Equity Fund	06	2004	11.5013	13.1713	20,613
Goldman Sachs Structured Small Cap Equity Fund	06	2003	8.0012	11.5013	12,616
Goldman Sachs Structured Small Cap Equity Fund	06	2002	9.5578	8.0012	12,261
Goldman Sachs Structured Small Cap Equity Fund	06	2001	9.2885	9.5578	13,565
Goldman Sachs Structured Small Cap Equity Fund	06	2000	10.0000	9.2885	0
Goldman Sachs Structured U.S. Equity Fund	01	2007	10.1069	9.8424	0
Goldman Sachs Structured U.S. Equity Fund	01	2006	9.0430	10.1069	0
Goldman Sachs Structured U.S. Equity Fund	01	2005	8.5756	9.0430	0
Goldman Sachs Structured U.S. Equity Fund	01	2004	7.5364	8.5756	0
Goldman Sachs Structured U.S. Equity Fund	01	2003	5.8795	7.5364	0
Goldman Sachs Structured U.S. Equity Fund	01	2002	7.6038	5.8795	0
Goldman Sachs Structured U.S. Equity Fund	01	2001	8.7227	7.6038	0
Goldman Sachs Structured U.S. Equity Fund	01	2000	10.0000	8.7227	0
Goldman Sachs Structured U.S. Equity Fund	02	2007	10.0082	9.7315	90,853
Goldman Sachs Structured U.S. Equity Fund	02	2006	8.9683	10.0082	95,322
Goldman Sachs Structured U.S. Equity Fund	02	2005	8.5177	8.9683	58,446
Goldman Sachs Structured U.S. Equity Fund	02	2004	7.4969	8.5177	69,407
Goldman Sachs Structured U.S. Equity Fund	02	2003	5.8575	7.4969	59,148
Goldman Sachs Structured U.S. Equity Fund	02	2002	7.5869	5.8575	66,992
Goldman Sachs Structured U.S. Equity Fund	02	2001	8.7167	7.5869	92,004
Goldman Sachs Structured U.S. Equity Fund	02	2000	10.0000	8.7167	0
Goldman Sachs Structured U.S. Equity Fund	03	2007	9.9431	9.6583	30,836
Goldman Sachs Structured U.S. Equity Fund	03	2006	8.9189	9.9431	31,424
Goldman Sachs Structured U.S. Equity Fund	03	2005	8.4794	8.9189	31,424
Goldman Sachs Structured U.S. Equity Fund	03	2004	7.4707	8.4794	31,424
Goldman Sachs Structured U.S. Equity Fund	03	2003	5.8430	7.4707	31,424
Goldman Sachs Structured U.S. Equity Fund	03	2002	7.5757	5.8430	31,424
Goldman Sachs Structured U.S. Equity Fund	03	2001	8.7127	7.5757	26,655
Goldman Sachs Structured U.S. Equity Fund	03	2000	10.0000	8.7127	0
Goldman Sachs Structured U.S. Equity Fund	04	2007	9.9106	9.6219	92,594
Goldman Sachs Structured U.S. Equity Fund	04	2006	8.8943	9.9106	82,725
Goldman Sachs Structured U.S. Equity Fund	04	2005	8.4602	8.8943	91,435
Goldman Sachs Structured U.S. Equity Fund	04	2004	7.4577	8.4602	93,376
Goldman Sachs Structured U.S. Equity Fund	04	2003	5.8357	7.4577	100,384
Goldman Sachs Structured U.S. Equity Fund	04	2002	7.5701	5.8357	137,091
Goldman Sachs Structured U.S. Equity Fund	04	2001	8.7107	7.5701	126,497
Goldman Sachs Structured U.S. Equity Fund	04	2000	10.0000	8.7107	0
Goldman Sachs Structured U.S. Equity Fund	05	2007	9.8459	9.5493	80,603
Goldman Sachs Structured U.S. Equity Fund	05	2006	8.8451	9.8459	96,928
Goldman Sachs Structured U.S. Equity Fund	05	2005	8.4220	8.8451	126,978
Goldman Sachs Structured U.S. Equity Fund	05	2004	7.4315	8.4220	164,455
Goldman Sachs Structured U.S. Equity Fund	05	2003	5.8211	7.4315	194,860
Goldman Sachs Structured U.S. Equity Fund	05	2002	7.5589	5.8211	202,999
Goldman Sachs Structured U.S. Equity Fund	05	2001	8.7067	7.5589	179,695
Goldman Sachs Structured U.S. Equity Fund	05	2000	10.0000	8.7067	0
Goldman Sachs Structured U.S. Equity Fund	06	2007	9.7496	9.4414	52,753
Goldman Sachs Structured U.S. Equity Fund	06	2006	8.7719	9.7496	56,832
Goldman Sachs Structured U.S. Equity Fund	06	2005	8.3650	8.7719	64,393
Goldman Sachs Structured U.S. Equity Fund	06	2004	7.3925	8.3650	74,771
Goldman Sachs Structured U.S. Equity Fund	06	2003	5.7994	7.3925	89,110
Goldman Sachs Structured U.S. Equity Fund	06	2002	7.5422	5.7994	91,518
Goldman Sachs Structured U.S. Equity Fund	06	2001	8.7007	7.5422	44,344
Goldman Sachs Structured U.S. Equity Fund	06	2000	10.0000	8.7007	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2007	12.9604	13.0218	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2006	10.6750	12.9604	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2005	10.3749	10.6750	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2004	8.8216	10.3749	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2003	7.1652	8.8216	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2002	8.1632	7.1652	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2001	9.0954	8.1632	0
Goldman Sachs V.I.T. Growth and Income Fund	01	2000	10.0000	9.0954	0
Goldman Sachs V.I.T. Growth and Income Fund	02	2007	12.8340	12.8751	32,362
Goldman Sachs V.I.T. Growth and Income Fund	02	2006	10.5869	12.8340	24,674
Goldman Sachs V.I.T. Growth and Income Fund	02	2005	10.3049	10.5869	18,087
Goldman Sachs V.I.T. Growth and Income Fund	02	2004	8.7754	10.3049	18,685
Goldman Sachs V.I.T. Growth and Income Fund	02	2003	7.1385	8.7754	15,416
Goldman Sachs V.I.T. Growth and Income Fund	02	2002	8.1452	7.1385	16,846
Goldman Sachs V.I.T. Growth and Income Fund	02	2001	9.0892	8.1452	20,871
Goldman Sachs V.I.T. Growth and Income Fund	02	2000	10.0000	9.0892	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2007	12.7505	12.7784	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2006	10.5287	12.7505	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2005	10.2585	10.5287	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2004	8.7448	10.2585	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2003	7.1208	8.7448	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2002	8.1332	7.1208	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2001	9.0850	8.1332	0
Goldman Sachs V.I.T. Growth and Income Fund	03	2000	10.0000	9.0850	0
Goldman Sachs V.I.T. Growth and Income Fund	04	2007	12.7088	12.7301	29,952
Goldman Sachs V.I.T. Growth and Income Fund	04	2006	10.4995	12.7088	27,759
Goldman Sachs V.I.T. Growth and Income Fund	04	2005	10.2353	10.4995	25,220
Goldman Sachs V.I.T. Growth and Income Fund	04	2004	8.7295	10.2353	26,429
Goldman Sachs V.I.T. Growth and Income Fund	04	2003	7.1119	8.7295	22,903
Goldman Sachs V.I.T. Growth and Income Fund	04	2002	8.1271	7.1119	26,190
Goldman Sachs V.I.T. Growth and Income Fund	04	2001	9.0830	8.1271	26,366
Goldman Sachs V.I.T. Growth and Income Fund	04	2000	10.0000	9.0830	0
Goldman Sachs V.I.T. Growth and Income Fund	05	2007	12.6259	12.6341	81,986
Goldman Sachs V.I.T. Growth and Income Fund	05	2006	10.4416	12.6259	87,229
Goldman Sachs V.I.T. Growth and Income Fund	05	2005	10.1891	10.4416	59,584
Goldman Sachs V.I.T. Growth and Income Fund	05	2004	8.6989	10.1891	25,816
Goldman Sachs V.I.T. Growth and Income Fund	05	2003	7.0942	8.6989	22,231
Goldman Sachs V.I.T. Growth and Income Fund	05	2002	8.1151	7.0942	24,430
Goldman Sachs V.I.T. Growth and Income Fund	05	2001	9.0788	8.1151	27,033
Goldman Sachs V.I.T. Growth and Income Fund	05	2000	10.0000	9.0788	0
Goldman Sachs V.I.T. Growth and Income Fund	06	2007	12.5024	12.4914	10,613
Goldman Sachs V.I.T. Growth and Income Fund	06	2006	10.3552	12.5024	4,772
Goldman Sachs V.I.T. Growth and Income Fund	06	2005	10.1201	10.3552	4,774
Goldman Sachs V.I.T. Growth and Income Fund	06	2004	8.6532	10.1201	6,566
Goldman Sachs V.I.T. Growth and Income Fund	06	2003	7.0676	8.6532	6,704
Goldman Sachs V.I.T. Growth and Income Fund	06	2002	8.0971	7.0676	6,869
Goldman Sachs V.I.T. Growth and Income Fund	06	2001	9.0726	8.0971	6,664
Goldman Sachs V.I.T. Growth and Income Fund	06	2000	10.0000	9.0726	0
Goldman Sachs VIT Capital Growth Fund	01	2007	9.5962	10.4622	0
Goldman Sachs VIT Capital Growth Fund	01	2006	8.9286	9.5962	0
Goldman Sachs VIT Capital Growth Fund	01	2005	8.7608	8.9286	0
Goldman Sachs VIT Capital Growth Fund	01	2004	8.1123	8.7608	0
Goldman Sachs VIT Capital Growth Fund	01	2003	6.6222	8.1123	0
Goldman Sachs VIT Capital Growth Fund	01	2002	8.8401	6.6222	0
Goldman Sachs VIT Capital Growth Fund	01	2001	10.0000	8.8401	0
Goldman Sachs VIT Capital Growth Fund	02	2007	9.5140	10.3567	26,776
Goldman Sachs VIT Capital Growth Fund	02	2006	8.8655	9.5140	27,322
Goldman Sachs VIT Capital Growth Fund	02	2005	8.7121	8.8655	44,307
Goldman Sachs VIT Capital Growth Fund	02	2004	8.0795	8.7121	28,398
Goldman Sachs VIT Capital Growth Fund	02	2003	6.6054	8.0795	29,041
Goldman Sachs VIT Capital Growth Fund	02	2002	8.8311	6.6054	52,230
Goldman Sachs VIT Capital Growth Fund	02	2001	10.0000	8.8311	19,056
Goldman Sachs VIT Capital Growth Fund	03	2007	9.4596	10.2871	0
Goldman Sachs VIT Capital Growth Fund	03	2006	8.8237	9.4596	0
Goldman Sachs VIT Capital Growth Fund	03	2005	8.6798	8.8237	0
Goldman Sachs VIT Capital Growth Fund	03	2004	8.0577	8.6798	0
Goldman Sachs VIT Capital Growth Fund	03	2003	6.5943	8.0577	0
Goldman Sachs VIT Capital Growth Fund	03	2002	8.8252	6.5943	0
Goldman Sachs VIT Capital Growth Fund	03	2001	10.0000	8.8252	0
Goldman Sachs VIT Capital Growth Fund	04	2007	9.4325	10.2523	30,154
Goldman Sachs VIT Capital Growth Fund	04	2006	8.8029	9.4325	24,701
Goldman Sachs VIT Capital Growth Fund	04	2005	8.6636	8.8029	25,530
Goldman Sachs VIT Capital Growth Fund	04	2004	8.0468	8.6636	19,306
Goldman Sachs VIT Capital Growth Fund	04	2003	6.5887	8.0468	10,832
Goldman Sachs VIT Capital Growth Fund	04	2002	8.8222	6.5887	7,239
Goldman Sachs VIT Capital Growth Fund	04	2001	10.0000	8.8222	3,079
Goldman Sachs VIT Capital Growth Fund	05	2007	9.3784	10.1831	57,197
Goldman Sachs VIT Capital Growth Fund	05	2006	8.7612	9.3784	61,674
Goldman Sachs VIT Capital Growth Fund	05	2005	8.6314	8.7612	68,405
Goldman Sachs VIT Capital Growth Fund	05	2004	8.0250	8.6314	72,311
Goldman Sachs VIT Capital Growth Fund	05	2003	6.5775	8.0250	59,038
Goldman Sachs VIT Capital Growth Fund	05	2002	8.8162	6.5775	58,209
Goldman Sachs VIT Capital Growth Fund	05	2001	10.0000	8.8162	18,587
Goldman Sachs VIT Capital Growth Fund	06	2007	9.2978	10.0802	12,093
Goldman Sachs VIT Capital Growth Fund	06	2006	8.6992	9.2978	13,177
Goldman Sachs VIT Capital Growth Fund	06	2005	8.5833	8.6992	23,352
Goldman Sachs VIT Capital Growth Fund	06	2004	7.9924	8.5833	62,879
Goldman Sachs VIT Capital Growth Fund	06	2003	6.5608	7.9924	59,442
Goldman Sachs VIT Capital Growth Fund	06	2002	8.8072	6.5608	61,467
Goldman Sachs VIT Capital Growth Fund	06	2001	10.0000	8.8072	10,732
Goldman Sachs VIT Strategic International Equity Fund	01	2007	11.0033	11.7515	0
Goldman Sachs VIT Strategic International Equity Fund	01	2006	9.1022	11.0033	0
Goldman Sachs VIT Strategic International Equity Fund	01	2005	8.0858	9.1022	0
Goldman Sachs VIT Strategic International Equity Fund	01	2004	7.1972	8.0858	0
Goldman Sachs VIT Strategic International Equity Fund	01	2003	5.3656	7.1972	0
Goldman Sachs VIT Strategic International Equity Fund	01	2002	6.6368	5.3656	0
Goldman Sachs VIT Strategic International Equity Fund	01	2001	8.6240	6.6368	0
Goldman Sachs VIT Strategic International Equity Fund	01	2000	10.0000	8.6240	0
Goldman Sachs VIT Strategic International Equity Fund	02	2007	10.8960	11.6191	13,575
Goldman Sachs VIT Strategic International Equity Fund	02	2006	9.0271	10.8960	17,656
Goldman Sachs VIT Strategic International Equity Fund	02	2005	8.0312	9.0271	18,099
Goldman Sachs VIT Strategic International Equity Fund	02	2004	7.1595	8.0312	19,055
Goldman Sachs VIT Strategic International Equity Fund	02	2003	5.3456	7.1595	28,580
Goldman Sachs VIT Strategic International Equity Fund	02	2002	6.6221	5.3456	35,598
Goldman Sachs VIT Strategic International Equity Fund	02	2001	8.6181	6.6221	49,452
Goldman Sachs VIT Strategic International Equity Fund	02	2000	10.0000	8.6181	0
Goldman Sachs VIT Strategic International Equity Fund	03	2007	10.8251	11.5317	30,413
Goldman Sachs VIT Strategic International Equity Fund	03	2006	8.9774	10.8251	30,413
Goldman Sachs VIT Strategic International Equity Fund	03	2005	7.9951	8.9774	30,413
Goldman Sachs VIT Strategic International Equity Fund	03	2004	7.1345	7.9951	30,413
Goldman Sachs VIT Strategic International Equity Fund	03	2003	5.3323	7.1345	30,507
Goldman Sachs VIT Strategic International Equity Fund	03	2002	6.6123	5.3323	45,637
Goldman Sachs VIT Strategic International Equity Fund	03	2001	8.6142	6.6123	43,801
Goldman Sachs VIT Strategic International Equity Fund	03	2000	10.0000	8.6142	0
Goldman Sachs VIT Strategic International Equity Fund	04	2007	10.7896	11.4881	20,062
Goldman Sachs VIT Strategic International Equity Fund	04	2006	8.9525	10.7896	31,984
Goldman Sachs VIT Strategic International Equity Fund	04	2005	7.9770	8.9525	39,369
Goldman Sachs VIT Strategic International Equity Fund	04	2004	7.1220	7.9770	54,629
Goldman Sachs VIT Strategic International Equity Fund	04	2003	5.3256	7.1220	59,799
Goldman Sachs VIT Strategic International Equity Fund	04	2002	6.6074	5.3256	79,989
Goldman Sachs VIT Strategic International Equity Fund	04	2001	8.6122	6.6074	104,655
Goldman Sachs VIT Strategic International Equity Fund	04	2000	10.0000	8.6122	0
Goldman Sachs VIT Strategic International Equity Fund	05	2007	10.7192	11.4015	59,416
Goldman Sachs VIT Strategic International Equity Fund	05	2006	8.9031	10.7192	65,280
Goldman Sachs VIT Strategic International Equity Fund	05	2005	7.9409	8.9031	50,345
Goldman Sachs VIT Strategic International Equity Fund	05	2004	7.0970	7.9409	53,457
Goldman Sachs VIT Strategic International Equity Fund	05	2003	5.3123	7.0970	56,684
Goldman Sachs VIT Strategic International Equity Fund	05	2002	6.5976	5.3123	66,670
Goldman Sachs VIT Strategic International Equity Fund	05	2001	8.6083	6.5976	93,953
Goldman Sachs VIT Strategic International Equity Fund	05	2000	10.0000	8.6083	0
Goldman Sachs VIT Strategic International Equity Fund	06	2007	10.6144	11.2727	12,294
Goldman Sachs VIT Strategic International Equity Fund	06	2006	8.8294	10.6144	13,934
Goldman Sachs VIT Strategic International Equity Fund	06	2005	7.8872	8.8294	16,334
Goldman Sachs VIT Strategic International Equity Fund	06	2004	7.0597	7.8872	19,840
Goldman Sachs VIT Strategic International Equity Fund	06	2003	5.2925	7.0597	20,856
Goldman Sachs VIT Strategic International Equity Fund	06	2002	6.5830	5.2925	22,552
Goldman Sachs VIT Strategic International Equity Fund	06	2001	8.6023	6.5830	28,203
Goldman Sachs VIT Strategic International Equity Fund	06	2000	10.0000	8.6023	0
J.P. Morgan International Opp	01	2007	11.2978	12.2280	0
J.P. Morgan International Opp	01	2006	9.3508	11.2978	0
J.P. Morgan International Opp	01	2005	8.5326	9.3508	0
J.P. Morgan International Opp	01	2004	7.2813	8.5326	0
J.P. Morgan International Opp	01	2003	5.5532	7.2813	0
J.P. Morgan International Opp	01	2002	6.8664	5.5532	0
J.P. Morgan International Opp	01	2001	8.5781	6.8664	0
J.P. Morgan International Opp	01	2000	10.0000	8.5781	0
J.P. Morgan International Opp	02	2007	11.1876	12.0903	9,062
J.P. Morgan International Opp	02	2006	9.2736	11.1876	26,843
J.P. Morgan International Opp	02	2005	8.4750	9.2736	29,052
J.P. Morgan International Opp	02	2004	7.2431	8.4750	30,207
J.P. Morgan International Opp	02	2003	5.5324	7.2431	23,521
J.P. Morgan International Opp	02	2002	6.8512	5.5324	25,781
J.P. Morgan International Opp	02	2001	8.5722	6.8512	29,234
J.P. Morgan International Opp	02	2000	10.0000	8.5722	0
J.P. Morgan International Opp	03	2007	11.1149	11.9994	13,243
J.P. Morgan International Opp	03	2006	9.2226	11.1149	13,243
J.P. Morgan International Opp	03	2005	8.4368	9.2226	13,243
J.P. Morgan International Opp	03	2004	7.2178	8.4368	13,243
J.P. Morgan International Opp	03	2003	5.5187	7.2178	13,243
J.P. Morgan International Opp	03	2002	6.8411	5.5187	27,963
J.P. Morgan International Opp	03	2001	8.5683	6.8411	26,079
J.P. Morgan International Opp	03	2000	10.0000	8.5683	0
J.P. Morgan International Opp	04	2007	11.0785	11.9540	17,813
J.P. Morgan International Opp	04	2006	9.1970	11.0785	21,794
J.P. Morgan International Opp	04	2005	8.4177	9.1970	21,553
J.P. Morgan International Opp	04	2004	7.2052	8.4177	28,130
J.P. Morgan International Opp	04	2003	5.5118	7.2052	32,101
J.P. Morgan International Opp	04	2002	6.8360	5.5118	42,584
J.P. Morgan International Opp	04	2001	8.5664	6.8360	46,727
J.P. Morgan International Opp	04	2000	10.0000	8.5664	0
J.P. Morgan International Opp	05	2007	11.0061	11.8638	23,321
J.P. Morgan International Opp	05	2006	9.1462	11.0061	30,911
J.P. Morgan International Opp	05	2005	8.3797	9.1462	35,095
J.P. Morgan International Opp	05	2004	7.1799	8.3797	44,704
J.P. Morgan International Opp	05	2003	5.4980	7.1799	47,651
J.P. Morgan International Opp	05	2002	6.8259	5.4980	49,965
J.P. Morgan International Opp	05	2001	8.5624	6.8259	57,920
J.P. Morgan International Opp	05	2000	10.0000	8.5624	0
J.P. Morgan International Opp	06	2007	10.8985	11.7299	5,319
J.P. Morgan International Opp	06	2006	9.0705	10.8985	6,009
J.P. Morgan International Opp	06	2005	8.3230	9.0705	6,474
J.P. Morgan International Opp	06	2004	7.1422	8.3230	8,901
J.P. Morgan International Opp	06	2003	5.4775	7.1422	9,157
J.P. Morgan International Opp	06	2002	6.8108	5.4775	8,576
J.P. Morgan International Opp	06	2001	8.5565	6.8108	8,741
J.P. Morgan International Opp	06	2000	10.0000	8.5565	0
J.P. Morgan Small Company	01	2007	11.9075	11.1195	0
J.P. Morgan Small Company	01	2006	10.4580	11.9075	0
J.P. Morgan Small Company	01	2005	10.2144	10.4580	0
J.P. Morgan Small Company	01	2004	8.1134	10.2144	0
J.P. Morgan Small Company	01	2003	6.0269	8.1134	0
J.P. Morgan Small Company	01	2002	7.7703	6.0269	0
J.P. Morgan Small Company	01	2001	8.5344	7.7703	0
J.P. Morgan Small Company	01	2000	10.0000	8.5344	0
J.P. Morgan Small Company	02	2007	11.7913	10.9942	11,681
J.P. Morgan Small Company	02	2006	10.3717	11.7913	17,260
J.P. Morgan Small Company	02	2005	10.1454	10.3717	22,045
J.P. Morgan Small Company	02	2004	8.0709	10.1454	20,795
J.P. Morgan Small Company	02	2003	6.0044	8.0709	21,505
J.P. Morgan Small Company	02	2002	7.7531	6.0044	23,416
J.P. Morgan Small Company	02	2001	8.5285	7.7531	30,979
J.P. Morgan Small Company	02	2000	10.0000	8.5285	0
J.P. Morgan Small Company	03	2007	11.7146	10.9115	13,334
J.P. Morgan Small Company	03	2006	10.3146	11.7146	13,334
J.P. Morgan Small Company	03	2005	10.0998	10.3146	13,334
J.P. Morgan Small Company	03	2004	8.0427	10.0998	13,334
J.P. Morgan Small Company	03	2003	5.9895	8.0427	13,334
J.P. Morgan Small Company	03	2002	7.7416	5.9895	13,334
J.P. Morgan Small Company	03	2001	8.5246	7.7416	13,334
J.P. Morgan Small Company	03	2000	10.0000	8.5246	0
J.P. Morgan Small Company	04	2007	11.6762	10.8703	24,442
J.P. Morgan Small Company	04	2006	10.2861	11.6762	34,172
J.P. Morgan Small Company	04	2005	10.0769	10.2861	43,906
J.P. Morgan Small Company	04	2004	8.0286	10.0769	43,544
J.P. Morgan Small Company	04	2003	5.9820	8.0286	46,528
J.P. Morgan Small Company	04	2002	7.7359	5.9820	46,898
J.P. Morgan Small Company	04	2001	8.5226	7.7359	52,274
J.P. Morgan Small Company	04	2000	10.0000	8.5226	0
J.P. Morgan Small Company	05	2007	11.6000	10.7883	41,894
J.P. Morgan Small Company	05	2006	10.2292	11.6000	48,583
J.P. Morgan Small Company	05	2005	10.0314	10.2292	54,366
J.P. Morgan Small Company	05	2004	8.0004	10.0314	51,368
J.P. Morgan Small Company	05	2003	5.9671	8.0004	41,947
J.P. Morgan Small Company	05	2002	7.7244	5.9671	47,607
J.P. Morgan Small Company	05	2001	8.5187	7.7244	46,314
J.P. Morgan Small Company	05	2000	10.0000	8.5187	0
J.P. Morgan Small Company	06	2007	11.4865	10.6664	12,275
J.P. Morgan Small Company	06	2006	10.1446	11.4865	15,571
J.P. Morgan Small Company	06	2005	9.9635	10.1446	17,957
J.P. Morgan Small Company	06	2004	7.9584	9.9635	19,164
J.P. Morgan Small Company	06	2003	5.9448	7.9584	21,706
J.P. Morgan Small Company	06	2002	7.7073	5.9448	21,790
J.P. Morgan Small Company	06	2001	8.5129	7.7073	26,275
J.P. Morgan Small Company	06	2000	10.0000	8.5129	0
JP Morgan US Large Core Equity	01	2007	8.9253	8.9823	0
JP Morgan US Large Core Equity	01	2006	7.7335	8.9253	0
JP Morgan US Large Core Equity	01	2005	7.7073	7.7335	0
JP Morgan US Large Core Equity	01	2004	7.1107	7.7073	0
JP Morgan US Large Core Equity	01	2003	5.6052	7.1107	0
JP Morgan US Large Core Equity	01	2002	7.5116	5.6052	0
JP Morgan US Large Core Equity	01	2001	8.6137	7.5116	0
JP Morgan US Large Core Equity	01	2000	10.0000	8.6137	0
JP Morgan US Large Core Equity	02	2007	8.8382	8.8811	15,986
JP Morgan US Large Core Equity	02	2006	7.6696	8.8382	18,664
JP Morgan US Large Core Equity	02	2005	7.6553	7.6696	25,622
JP Morgan US Large Core Equity	02	2004	7.0734	7.6553	25,881
JP Morgan US Large Core Equity	02	2003	5.5843	7.0734	30,825
JP Morgan US Large Core Equity	02	2002	7.4950	5.5843	32,702
JP Morgan US Large Core Equity	02	2001	8.6078	7.4950	39,736
JP Morgan US Large Core Equity	02	2000	10.0000	8.6078	0
JP Morgan US Large Core Equity	03	2007	8.7807	8.8143	15,284
JP Morgan US Large Core Equity	03	2006	7.6274	8.7807	15,284
JP Morgan US Large Core Equity	03	2005	7.6208	7.6274	15,284
JP Morgan US Large Core Equity	03	2004	7.0487	7.6208	15,284
JP Morgan US Large Core Equity	03	2003	5.5704	7.0487	15,284
JP Morgan US Large Core Equity	03	2002	7.4839	5.5704	15,284
JP Morgan US Large Core Equity	03	2001	8.6038	7.4839	15,284
JP Morgan US Large Core Equity	03	2000	10.0000	8.6038	0
JP Morgan US Large Core Equity	04	2007	8.7520	8.7810	45,352
JP Morgan US Large Core Equity	04	2006	7.6063	8.7520	46,289
JP Morgan US Large Core Equity	04	2005	7.6035	7.6063	51,703
JP Morgan US Large Core Equity	04	2004	7.0363	7.6035	52,774
JP Morgan US Large Core Equity	04	2003	5.5635	7.0363	59,852
JP Morgan US Large Core Equity	04	2002	7.4784	5.5635	61,296
JP Morgan US Large Core Equity	04	2001	8.6018	7.4784	74,037
JP Morgan US Large Core Equity	04	2000	10.0000	8.6018	0
JP Morgan US Large Core Equity	05	2007	8.6948	8.7148	36,107
JP Morgan US Large Core Equity	05	2006	7.5643	8.6948	39,402
JP Morgan US Large Core Equity	05	2005	7.5692	7.5643	49,804
JP Morgan US Large Core Equity	05	2004	7.0117	7.5692	70,307
JP Morgan US Large Core Equity	05	2003	5.5496	7.0117	73,208
JP Morgan US Large Core Equity	05	2002	7.4673	5.5496	86,108
JP Morgan US Large Core Equity	05	2001	8.5979	7.4673	99,221
JP Morgan US Large Core Equity	05	2000	10.0000	8.5979	0
JP Morgan US Large Core Equity	06	2007	8.6098	8.6163	3,322
JP Morgan US Large Core Equity	06	2006	7.5017	8.6098	3,326
JP Morgan US Large Core Equity	06	2005	7.5179	7.5017	8,872
JP Morgan US Large Core Equity	06	2004	6.9748	7.5179	11,072
JP Morgan US Large Core Equity	06	2003	5.5288	6.9748	11,543
JP Morgan US Large Core Equity	06	2002	7.4507	5.5288	12,073
JP Morgan US Large Core Equity	06	2001	8.5920	7.4507	26,692
JP Morgan US Large Core Equity	06	2000	10.0000	8.5920	0
Lord Abbett Series Fund Growth and Income	01	2007	14.7063	15.0590	24,889
Lord Abbett Series Fund Growth and Income	01	2006	12.6665	14.7063	24,452
Lord Abbett Series Fund Growth and Income	01	2005	12.3917	12.6665	18,531
Lord Abbett Series Fund Growth and Income	01	2004	11.1113	12.3917	18,482
Lord Abbett Series Fund Growth and Income	01	2003	8.5667	11.1113	77,027
Lord Abbett Series Fund Growth and Income	01	2002	10.5571	8.5667	80,285
Lord Abbett Series Fund Growth and Income	01	2001	11.4323	10.5571	8,430
Lord Abbett Series Fund Growth and Income	01	2000	10.0000	11.4323	0
Lord Abbett Series Fund Growth and Income	02	2007	14.5629	14.8893	916,448
Lord Abbett Series Fund Growth and Income	02	2006	12.5619	14.5629	1,032,540
Lord Abbett Series Fund Growth and Income	02	2005	12.3081	12.5619	1,036,571
Lord Abbett Series Fund Growth and Income	02	2004	11.0531	12.3081	1,145,267
Lord Abbett Series Fund Growth and Income	02	2003	8.5347	11.0531	1,155,087
Lord Abbett Series Fund Growth and Income	02	2002	10.5338	8.5347	1,202,962
Lord Abbett Series Fund Growth and Income	02	2001	11.4245	10.5338	938,637
Lord Abbett Series Fund Growth and Income	02	2000	10.0000	11.4245	0
Lord Abbett Series Fund Growth and Income	03	2007	14.4682	14.7775	105,798
Lord Abbett Series Fund Growth and Income	03	2006	12.4928	14.4682	107,190
Lord Abbett Series Fund Growth and Income	03	2005	12.2527	12.4928	103,790
Lord Abbett Series Fund Growth and Income	03	2004	11.0145	12.2527	93,464
Lord Abbett Series Fund Growth and Income	03	2003	8.5135	11.0145	94,104
Lord Abbett Series Fund Growth and Income	03	2002	10.5183	8.5135	92,965
Lord Abbett Series Fund Growth and Income	03	2001	11.4193	10.5183	89,639
Lord Abbett Series Fund Growth and Income	03	2000	10.0000	11.4193	0
Lord Abbett Series Fund Growth and Income	04	2007	14.4209	14.7217	832,267
Lord Abbett Series Fund Growth and Income	04	2006	12.4583	14.4209	966,110
Lord Abbett Series Fund Growth and Income	04	2005	12.2250	12.4583	1,014,449
Lord Abbett Series Fund Growth and Income	04	2004	10.9952	12.2250	1,085,860
Lord Abbett Series Fund Growth and Income	04	2003	8.5029	10.9952	1,059,451
Lord Abbett Series Fund Growth and Income	04	2002	10.5105	8.5029	1,022,031
Lord Abbett Series Fund Growth and Income	04	2001	11.4167	10.5105	817,059
Lord Abbett Series Fund Growth and Income	04	2000	10.0000	11.4167	0
Lord Abbett Series Fund Growth and Income	05	2007	14.3267	14.6106	1,303,650
Lord Abbett Series Fund Growth and Income	05	2006	12.3895	14.3267	1,433,138
Lord Abbett Series Fund Growth and Income	05	2005	12.1698	12.3895	1,618,766
Lord Abbett Series Fund Growth and Income	05	2004	10.9567	12.1698	1,727,999
Lord Abbett Series Fund Growth and Income	05	2003	8.4817	10.9567	1,661,273
Lord Abbett Series Fund Growth and Income	05	2002	10.4950	8.4817	1,641,319
Lord Abbett Series Fund Growth and Income	05	2001	11.4115	10.4950	1,464,628
Lord Abbett Series Fund Growth and Income	05	2000	10.0000	11.4115	0
Lord Abbett Series Fund Growth and Income	06	2007	14.1866	14.4456	985,515
Lord Abbett Series Fund Growth and Income	06	2006	12.2870	14.1866	1,081,889
Lord Abbett Series Fund Growth and Income	06	2005	12.0874	12.2870	1,174,688
Lord Abbett Series Fund Growth and Income	06	2004	10.8992	12.0874	1,221,286
Lord Abbett Series Fund Growth and Income	06	2003	8.4500	10.8992	1,271,538
Lord Abbett Series Fund Growth and Income	06	2002	10.4717	8.4500	1,317,777
Lord Abbett Series Fund Growth and Income	06	2001	11.4036	10.4717	826,139
Lord Abbett Series Fund Growth and Income	06	2000	10.0000	11.4036	0
Lord Abbett Series Fund International	01	2007	17.2225	17.8559	0
Lord Abbett Series Fund International	01	2006	13.4773	17.2225	0
Lord Abbett Series Fund International	01	2005	10.7502	13.4773	0
Lord Abbett Series Fund International	01	2004	8.9962	10.7502	0
Lord Abbett Series Fund International	01	2003	6.4331	8.9962	0
Lord Abbett Series Fund International	01	2002	7.8959	6.4331	0
Lord Abbett Series Fund International	01	2001	10.0000	7.8959	0
Lord Abbett Series Fund International	02	2007	17.0750	17.6760	55,937
Lord Abbett Series Fund International	02	2006	13.3821	17.0750	62,822
Lord Abbett Series Fund International	02	2005	10.6904	13.3821	50,238
Lord Abbett Series Fund International	02	2004	8.9598	10.6904	46,135
Lord Abbett Series Fund International	02	2003	6.4168	8.9598	39,264
Lord Abbett Series Fund International	02	2002	7.8879	6.4168	37,731
Lord Abbett Series Fund International	02	2001	10.0000	7.8879	5,865
Lord Abbett Series Fund International	03	2007	16.9775	17.5572	0
Lord Abbett Series Fund International	03	2006	13.3191	16.9775	0
Lord Abbett Series Fund International	03	2005	10.6508	13.3191	0
Lord Abbett Series Fund International	03	2004	8.9357	10.6508	0
Lord Abbett Series Fund International	03	2003	6.4059	8.9357	0
Lord Abbett Series Fund International	03	2002	7.8825	6.4059	0
Lord Abbett Series Fund International	03	2001	10.0000	7.8825	0
Lord Abbett Series Fund International	04	2007	16.9287	17.4979	31,673
Lord Abbett Series Fund International	04	2006	13.2876	16.9287	34,611
Lord Abbett Series Fund International	04	2005	10.6310	13.2876	28,599
Lord Abbett Series Fund International	04	2004	8.9236	10.6310	38,475
Lord Abbett Series Fund International	04	2003	6.4005	8.9236	20,496
Lord Abbett Series Fund International	04	2002	7.8798	6.4005	17,845
Lord Abbett Series Fund International	04	2001	10.0000	7.8798	2,053
Lord Abbett Series Fund International	05	2007	16.8317	17.3798	65,960
Lord Abbett Series Fund International	05	2006	13.2248	16.8317	60,994
Lord Abbett Series Fund International	05	2005	10.5914	13.2248	66,241
Lord Abbett Series Fund International	05	2004	8.8994	10.5914	73,168
Lord Abbett Series Fund International	05	2003	6.3897	8.8994	35,039
Lord Abbett Series Fund International	05	2002	7.8745	6.3897	35,230
Lord Abbett Series Fund International	05	2001	10.0000	7.8745	17,920
Lord Abbett Series Fund International	06	2007	16.6871	17.2042	25,875
Lord Abbett Series Fund International	06	2006	13.1311	16.6871	27,425
Lord Abbett Series Fund International	06	2005	10.5324	13.1311	37,818
Lord Abbett Series Fund International	06	2004	8.8633	10.5324	38,260
Lord Abbett Series Fund International	06	2003	6.3734	8.8633	15,428
Lord Abbett Series Fund International	06	2002	7.8665	6.3734	16,560
Lord Abbett Series Fund International	06	2001	10.0000	7.8665	4,349
Lord Abbett Series Fund Mid Cap Value	01	2007	16.7714	16.6992	8,661
Lord Abbett Series Fund Mid Cap Value	01	2006	15.0942	16.7714	8,422
Lord Abbett Series Fund Mid Cap Value	01	2005	14.0879	15.0942	13,649
Lord Abbett Series Fund Mid Cap Value	01	2004	11.4723	14.0879	10,820
Lord Abbett Series Fund Mid Cap Value	01	2003	9.2887	11.4723	14,511
Lord Abbett Series Fund Mid Cap Value	01	2002	10.4000	9.2887	12,184
Lord Abbett Series Fund Mid Cap Value	01	2001	10.0000	10.4000	0
Lord Abbett Series Fund Mid Cap Value	02	2007	16.6278	16.5309	443,374
Lord Abbett Series Fund Mid Cap Value	02	2006	14.9876	16.6278	495,721
Lord Abbett Series Fund Mid Cap Value	02	2005	14.0096	14.9876	612,503
Lord Abbett Series Fund Mid Cap Value	02	2004	11.4259	14.0096	655,846
Lord Abbett Series Fund Mid Cap Value	02	2003	9.2651	11.4259	648,163
Lord Abbett Series Fund Mid Cap Value	02	2002	10.3895	9.2651	462,334
Lord Abbett Series Fund Mid Cap Value	02	2001	10.0000	10.3895	236,646
Lord Abbett Series Fund Mid Cap Value	03	2007	16.5328	16.4198	44,108
Lord Abbett Series Fund Mid Cap Value	03	2006	14.9170	16.5328	43,615
Lord Abbett Series Fund Mid Cap Value	03	2005	13.9577	14.9170	22,192
Lord Abbett Series Fund Mid Cap Value	03	2004	11.3951	13.9577	17,056
Lord Abbett Series Fund Mid Cap Value	03	2003	9.2495	11.3951	18,016
Lord Abbett Series Fund Mid Cap Value	03	2002	10.3825	9.2495	16,386
Lord Abbett Series Fund Mid Cap Value	03	2001	10.0000	10.3825	5,016
Lord Abbett Series Fund Mid Cap Value	04	2007	16.4853	16.3643	465,949
Lord Abbett Series Fund Mid Cap Value	04	2006	14.8817	16.4853	505,324
Lord Abbett Series Fund Mid Cap Value	04	2005	13.9317	14.8817	530,378
Lord Abbett Series Fund Mid Cap Value	04	2004	11.3797	13.9317	546,081
Lord Abbett Series Fund Mid Cap Value	04	2003	9.2417	11.3797	545,142
Lord Abbett Series Fund Mid Cap Value	04	2002	10.3789	9.2417	461,825
Lord Abbett Series Fund Mid Cap Value	04	2001	10.0000	10.3789	222,090
Lord Abbett Series Fund Mid Cap Value	05	2007	16.3908	16.2539	591,774
Lord Abbett Series Fund Mid Cap Value	05	2006	14.8113	16.3908	707,624
Lord Abbett Series Fund Mid Cap Value	05	2005	13.8799	14.8113	761,317
Lord Abbett Series Fund Mid Cap Value	05	2004	11.3489	13.8799	735,287
Lord Abbett Series Fund Mid Cap Value	05	2003	9.2260	11.3489	670,655
Lord Abbett Series Fund Mid Cap Value	05	2002	10.3719	9.2260	574,297
Lord Abbett Series Fund Mid Cap Value	05	2001	10.0000	10.3719	278,605
Lord Abbett Series Fund Mid Cap Value	06	2007	16.2501	16.0897	564,513
Lord Abbett Series Fund Mid Cap Value	06	2006	14.7065	16.2501	612,438
Lord Abbett Series Fund Mid Cap Value	06	2005	13.8025	14.7065	666,760
Lord Abbett Series Fund Mid Cap Value	06	2004	11.3029	13.8025	682,276
Lord Abbett Series Fund Mid Cap Value	06	2003	9.2026	11.3029	657,076
Lord Abbett Series Fund Mid Cap Value	06	2002	10.3613	9.2026	605,153
Lord Abbett Series Fund Mid Cap Value	06	2001	10.0000	10.3613	224,493
MFS Capital Appreciation	01	2007	5.6718	6.2402	0
MFS Capital Appreciation	01	2006	5.3858	5.6718	0
MFS Capital Appreciation	01	2005	5.3906	5.3858	0
MFS Capital Appreciation	01	2004	4.9046	5.3906	0
MFS Capital Appreciation	01	2003	3.8491	4.9046	0
MFS Capital Appreciation	01	2002	5.7503	3.8491	22,443
MFS Capital Appreciation	01	2001	7.7777	5.7503	26,572
MFS Capital Appreciation	01	2000	10.0000	7.7777	0
MFS Capital Appreciation	02	2007	5.6164	6.1698	35,063
MFS Capital Appreciation	02	2006	5.3413	5.6164	51,989
MFS Capital Appreciation	02	2005	5.3542	5.3413	75,894
MFS Capital Appreciation	02	2004	4.8789	5.3542	87,767
MFS Capital Appreciation	02	2003	3.8347	4.8789	107,156
MFS Capital Appreciation	02	2002	5.7376	3.8347	119,214
MFS Capital Appreciation	02	2001	7.7724	5.7376	162,028
MFS Capital Appreciation	02	2000	10.0000	7.7724	0
MFS Capital Appreciation	03	2007	5.5799	6.1234	0
MFS Capital Appreciation	03	2006	5.3119	5.5799	31,810
MFS Capital Appreciation	03	2005	5.3301	5.3119	31,810
MFS Capital Appreciation	03	2004	4.8619	5.3301	31,810
MFS Capital Appreciation	03	2003	3.8251	4.8619	31,810
MFS Capital Appreciation	03	2002	5.7291	3.8251	31,810
MFS Capital Appreciation	03	2001	7.7688	5.7291	31,810
MFS Capital Appreciation	03	2000	10.0000	7.7688	0
MFS Capital Appreciation	04	2007	5.5616	6.1003	90,861
MFS Capital Appreciation	04	2006	5.2972	5.5616	119,706
MFS Capital Appreciation	04	2005	5.3180	5.2972	147,423
MFS Capital Appreciation	04	2004	4.8533	5.3180	181,270
MFS Capital Appreciation	04	2003	3.8204	4.8533	196,110
MFS Capital Appreciation	04	2002	5.7249	3.8204	223,556
MFS Capital Appreciation	04	2001	7.7671	5.7249	294,658
MFS Capital Appreciation	04	2000	10.0000	7.7671	0
MFS Capital Appreciation	05	2007	5.5253	6.0543	108,259
MFS Capital Appreciation	05	2006	5.2679	5.5253	135,521
MFS Capital Appreciation	05	2005	5.2940	5.2679	167,599
MFS Capital Appreciation	05	2004	4.8363	5.2940	231,921
MFS Capital Appreciation	05	2003	3.8108	4.8363	260,017
MFS Capital Appreciation	05	2002	5.7164	3.8108	284,178
MFS Capital Appreciation	05	2001	7.7635	5.7164	336,923
MFS Capital Appreciation	05	2000	10.0000	7.7635	0
MFS Capital Appreciation	06	2007	5.4712	5.9858	69,258
MFS Capital Appreciation	06	2006	5.2243	5.4712	82,127
MFS Capital Appreciation	06	2005	5.2581	5.2243	100,043
MFS Capital Appreciation	06	2004	4.8109	5.2581	144,067
MFS Capital Appreciation	06	2003	3.7965	4.8109	194,909
MFS Capital Appreciation	06	2002	5.7037	3.7965	207,761
MFS Capital Appreciation	06	2001	7.7581	5.7037	250,825
MFS Capital Appreciation	06	2000	10.0000	7.7581	0
MFS Emerging Growth	01	2007	5.5312	6.6389	0
MFS Emerging Growth	01	2006	5.1720	5.5312	0
MFS Emerging Growth	01	2005	4.7867	5.1720	0
MFS Emerging Growth	01	2004	4.2698	4.7867	0
MFS Emerging Growth	01	2003	3.2799	4.2698	0
MFS Emerging Growth	01	2002	5.0332	3.2799	0
MFS Emerging Growth	01	2001	7.7718	5.0332	0
MFS Emerging Growth	01	2000	10.0000	7.7718	0
MFS Emerging Growth	02	2007	5.4772	6.5641	79,958
MFS Emerging Growth	02	2006	5.1293	5.4772	100,382
MFS Emerging Growth	02	2005	4.7544	5.1293	161,009
MFS Emerging Growth	02	2004	4.2474	4.7544	192,301
MFS Emerging Growth	02	2003	3.2676	4.2474	221,381
MFS Emerging Growth	02	2002	5.0220	3.2676	201,852
MFS Emerging Growth	02	2001	7.7665	5.0220	311,245
MFS Emerging Growth	02	2000	10.0000	7.7665	0
MFS Emerging Growth	03	2007	5.4415	6.5147	14,035
MFS Emerging Growth	03	2006	5.1010	5.4415	46,626
MFS Emerging Growth	03	2005	4.7329	5.1010	46,626
MFS Emerging Growth	03	2004	4.2325	4.7329	46,626
MFS Emerging Growth	03	2003	3.2595	4.2325	46,626
MFS Emerging Growth	03	2002	5.0146	3.2595	46,626
MFS Emerging Growth	03	2001	7.7629	5.0146	56,830
MFS Emerging Growth	03	2000	10.0000	7.7629	0
MFS Emerging Growth	04	2007	5.4237	6.4902	132,929
MFS Emerging Growth	04	2006	5.0869	5.4237	186,269
MFS Emerging Growth	04	2005	4.7222	5.0869	238,645
MFS Emerging Growth	04	2004	4.2251	4.7222	290,052
MFS Emerging Growth	04	2003	3.2554	4.2251	332,296
MFS Emerging Growth	04	2002	5.0108	3.2554	390,032
MFS Emerging Growth	04	2001	7.7612	5.0108	535,421
MFS Emerging Growth	04	2000	10.0000	7.7612	0
MFS Emerging Growth	05	2007	5.3882	6.4411	225,922
MFS Emerging Growth	05	2006	5.0588	5.3882	341,501
MFS Emerging Growth	05	2005	4.7009	5.0588	451,526
MFS Emerging Growth	05	2004	4.2103	4.7009	546,238
MFS Emerging Growth	05	2003	3.2473	4.2103	643,094
MFS Emerging Growth	05	2002	5.0034	3.2473	715,518
MFS Emerging Growth	05	2001	7.7576	5.0034	917,385
MFS Emerging Growth	05	2000	10.0000	7.7576	0
MFS Emerging Growth	06	2007	5.3355	6.3684	82,826
MFS Emerging Growth	06	2006	5.0169	5.3355	90,713
MFS Emerging Growth	06	2005	4.6690	5.0169	110,038
MFS Emerging Growth	06	2004	4.1881	4.6690	145,824
MFS Emerging Growth	06	2003	3.2351	4.1881	200,332
MFS Emerging Growth	06	2002	4.9923	3.2351	225,151
MFS Emerging Growth	06	2001	7.7522	4.9923	284,473
MFS Emerging Growth	06	2000	10.0000	7.7522	0
MFS Government Securities	01	2007	13.3761	14.1922	0
MFS Government Securities	01	2006	13.0306	13.3761	0
MFS Government Securities	01	2005	12.8656	13.0306	0
MFS Government Securities	01	2004	12.5248	12.8656	0
MFS Government Securities	01	2003	12.3851	12.5248	44,974
MFS Government Securities	01	2002	11.3934	12.3851	46,686
MFS Government Securities	01	2001	10.7110	11.3934	14,994
MFS Government Securities	01	2000	10.0000	10.7110	0
MFS Government Securities	02	2007	13.2456	14.0324	133,070
MFS Government Securities	02	2006	12.9231	13.2456	167,028
MFS Government Securities	02	2005	12.7787	12.9231	201,956
MFS Government Securities	02	2004	12.4592	12.7787	223,749
MFS Government Securities	02	2003	12.3390	12.4592	294,674
MFS Government Securities	02	2002	11.3682	12.3390	345,903
MFS Government Securities	02	2001	10.7036	11.3682	270,869
MFS Government Securities	02	2000	10.0000	10.7036	0
MFS Government Securities	03	2007	13.1595	13.9269	0
MFS Government Securities	03	2006	12.8520	13.1595	0
MFS Government Securities	03	2005	12.7213	12.8520	0
MFS Government Securities	03	2004	12.4158	12.7213	0
MFS Government Securities	03	2003	12.3084	12.4158	5,178
MFS Government Securities	03	2002	11.3514	12.3084	15,741
MFS Government Securities	03	2001	10.6987	11.3514	0
MFS Government Securities	03	2000	10.0000	10.6987	0
MFS Government Securities	04	2007	13.1165	13.8743	68,507
MFS Government Securities	04	2006	12.8165	13.1165	78,677
MFS Government Securities	04	2005	12.6925	12.8165	94,360
MFS Government Securities	04	2004	12.3940	12.6925	140,598
MFS Government Securities	04	2003	12.2931	12.3940	234,747
MFS Government Securities	04	2002	11.3431	12.2931	431,106
MFS Government Securities	04	2001	10.6963	11.3431	277,395
MFS Government Securities	04	2000	10.0000	10.6963	0
MFS Government Securities	05	2007	13.0309	13.7697	198,832
MFS Government Securities	05	2006	12.7457	13.0309	290,799
MFS Government Securities	05	2005	12.6352	12.7457	328,604
MFS Government Securities	05	2004	12.3506	12.6352	397,464
MFS Government Securities	05	2003	12.2625	12.3506	480,517
MFS Government Securities	05	2002	11.3263	12.2625	635,526
MFS Government Securities	05	2001	10.6914	11.3263	427,113
MFS Government Securities	05	2000	10.0000	10.6914	0
MFS Government Securities	06	2007	12.9035	13.6143	64,744
MFS Government Securities	06	2006	12.6403	12.9035	75,782
MFS Government Securities	06	2005	12.5497	12.6403	152,149
MFS Government Securities	06	2004	12.2858	12.5497	186,701
MFS Government Securities	06	2003	12.2167	12.2858	240,134
MFS Government Securities	06	2002	11.3012	12.2167	354,960
MFS Government Securities	06	2001	10.6840	11.3012	241,877
MFS Government Securities	06	2000	10.0000	10.6840	0
MFS High Yield	01	2007	13.5895	13.7121	0
MFS High Yield	01	2006	12.4342	13.5895	0
MFS High Yield	01	2005	12.2898	12.4342	0
MFS High Yield	01	2004	11.3325	12.2898	0
MFS High Yield	01	2003	9.4259	11.3325	0
MFS High Yield	01	2002	9.2708	9.4259	0
MFS High Yield	01	2001	9.2035	9.2708	0
MFS High Yield	01	2000	10.0000	9.2035	0
MFS High Yield	02	2007	13.4570	13.5577	122,252
MFS High Yield	02	2006	12.3315	13.4570	155,191
MFS High Yield	02	2005	12.2068	12.3315	160,244
MFS High Yield	02	2004	11.2732	12.2068	169,686
MFS High Yield	02	2003	9.3908	11.2732	186,208
MFS High Yield	02	2002	9.2503	9.3908	211,309
MFS High Yield	02	2001	9.1972	9.2503	286,879
MFS High Yield	02	2000	10.0000	9.1972	0
MFS High Yield	03	2007	13.3694	13.4558	0
MFS High Yield	03	2006	12.2637	13.3694	0
MFS High Yield	03	2005	12.1519	12.2637	0
MFS High Yield	03	2004	11.2339	12.1519	73,878
MFS High Yield	03	2003	9.3675	11.2339	80,214
MFS High Yield	03	2002	9.2367	9.3675	50,183
MFS High Yield	03	2001	9.1930	9.2367	11,033
MFS High Yield	03	2000	10.0000	9.1930	0
MFS High Yield	04	2007	13.3257	13.4050	96,070
MFS High Yield	04	2006	12.2298	13.3257	120,911
MFS High Yield	04	2005	12.1244	12.2298	122,439
MFS High Yield	04	2004	11.2142	12.1244	148,454
MFS High Yield	04	2003	9.3558	11.2142	174,560
MFS High Yield	04	2002	9.2298	9.3558	143,397
MFS High Yield	04	2001	9.1909	9.2298	296,337
MFS High Yield	04	2000	10.0000	9.1909	0
MFS High Yield	05	2007	13.2388	13.3039	88,663
MFS High Yield	05	2006	12.1623	13.2388	125,020
MFS High Yield	05	2005	12.0697	12.1623	161,072
MFS High Yield	05	2004	11.1749	12.0697	192,272
MFS High Yield	05	2003	9.3326	11.1749	222,015
MFS High Yield	05	2002	9.2162	9.3326	226,002
MFS High Yield	05	2001	9.1867	9.2162	443,200
MFS High Yield	05	2000	10.0000	9.1867	0
MFS High Yield	06	2007	13.1094	13.1537	55,802
MFS High Yield	06	2006	12.0617	13.1094	64,058
MFS High Yield	06	2005	11.9881	12.0617	61,591
MFS High Yield	06	2004	11.1163	11.9881	80,437
MFS High Yield	06	2003	9.2977	11.1163	85,102
MFS High Yield	06	2002	9.1958	9.2977	65,178
MFS High Yield	06	2001	9.1803	9.1958	150,240
MFS High Yield	06	2000	10.0000	9.1803	0
MFS Utilities	01	2007	14.5049	18.4628	0
MFS Utilities	01	2006	11.0755	14.5049	0
MFS Utilities	01	2005	9.5377	11.0755	0
MFS Utilities	01	2004	7.3898	9.5377	0
MFS Utilities	01	2003	5.4781	7.3898	0
MFS Utilities	01	2002	7.2668	5.4781	0
MFS Utilities	01	2001	9.6985	7.2668	0
MFS Utilities	01	2000	10.0000	9.6985	0
MFS Utilities	02	2007	14.3634	18.2549	108,706
MFS Utilities	02	2006	10.9841	14.3634	117,826
MFS Utilities	02	2005	9.4733	10.9841	143,550
MFS Utilities	02	2004	7.3510	9.4733	150,805
MFS Utilities	02	2003	5.4577	7.3510	181,859
MFS Utilities	02	2002	7.2507	5.4577	171,362
MFS Utilities	02	2001	9.6918	7.2507	251,743
MFS Utilities	02	2000	10.0000	9.6918	0
MFS Utilities	03	2007	14.2700	18.1177	23,829
MFS Utilities	03	2006	10.9236	14.2700	23,829
MFS Utilities	03	2005	9.4307	10.9236	23,829
MFS Utilities	03	2004	7.3254	9.4307	23,829
MFS Utilities	03	2003	5.4441	7.3254	23,829
MFS Utilities	03	2002	7.2400	5.4441	23,829
MFS Utilities	03	2001	9.6874	7.2400	51,498
MFS Utilities	03	2000	10.0000	9.6874	0
MFS Utilities	04	2007	14.2233	18.0493	159,968
MFS Utilities	04	2006	10.8934	14.2233	191,331
MFS Utilities	04	2005	9.4094	10.8934	226,392
MFS Utilities	04	2004	7.3125	9.4094	262,865
MFS Utilities	04	2003	5.4373	7.3125	300,753
MFS Utilities	04	2002	7.2347	5.4373	331,405
MFS Utilities	04	2001	9.6852	7.2347	467,748
MFS Utilities	04	2000	10.0000	9.6852	0
MFS Utilities	05	2007	14.1305	17.9132	272,038
MFS Utilities	05	2006	10.8333	14.1305	270,575
MFS Utilities	05	2005	9.3668	10.8333	279,094
MFS Utilities	05	2004	7.2869	9.3668	344,484
MFS Utilities	05	2003	5.4238	7.2869	340,193
MFS Utilities	05	2002	7.2240	5.4238	378,852
MFS Utilities	05	2001	9.6807	7.2240	607,648
MFS Utilities	05	2000	10.0000	9.6807	0
MFS Utilities	06	2007	13.9924	17.7111	92,166
MFS Utilities	06	2006	10.7437	13.9924	146,783
MFS Utilities	06	2005	9.3035	10.7437	159,090
MFS Utilities	06	2004	7.2487	9.3035	172,611
MFS Utilities	06	2003	5.4035	7.2487	206,340
MFS Utilities	06	2002	7.2080	5.4035	206,402
MFS Utilities	06	2001	9.6741	7.2080	225,694
MFS Utilities	06	2000	10.0000	9.6741	0
MFS/Sun Life Capital Appreciation Series S Class	01	2007	9.4703	10.3994	0
MFS/Sun Life Capital Appreciation Series S Class	01	2006	9.0196	9.4703	0
MFS/Sun Life Capital Appreciation Series S Class	01	2005	9.0530	9.0196	0
MFS/Sun Life Capital Appreciation Series S Class	01	2004	8.2546	9.0530	0
MFS/Sun Life Capital Appreciation Series S Class	01	2003	6.4963	8.2546	0
MFS/Sun Life Capital Appreciation Series S Class	01	2002	9.7300	6.4963	0
MFS/Sun Life Capital Appreciation Series S Class	01	2001	10.0000	9.7300	0
MFS/Sun Life Capital Appreciation Series S Class	02	2007	9.3937	10.2996	10,200
MFS/Sun Life Capital Appreciation Series S Class	02	2006	8.9603	9.3937	11,390
MFS/Sun Life Capital Appreciation Series S Class	02	2005	9.0071	8.9603	14,031
MFS/Sun Life Capital Appreciation Series S Class	02	2004	8.2252	9.0071	16,252
MFS/Sun Life Capital Appreciation Series S Class	02	2003	6.4830	8.2252	24,128
MFS/Sun Life Capital Appreciation Series S Class	02	2002	9.7249	6.4830	24,378
MFS/Sun Life Capital Appreciation Series S Class	02	2001	10.0000	9.7249	12,482
MFS/Sun Life Capital Appreciation Series S Class	03	2007	9.3431	10.2337	0
MFS/Sun Life Capital Appreciation Series S Class	03	2006	8.9210	9.3431	0
MFS/Sun Life Capital Appreciation Series S Class	03	2005	8.9767	8.9210	0
MFS/Sun Life Capital Appreciation Series S Class	03	2004	8.2058	8.9767	0
MFS/Sun Life Capital Appreciation Series S Class	03	2003	6.4742	8.2058	0
MFS/Sun Life Capital Appreciation Series S Class	03	2002	9.7215	6.4742	0
MFS/Sun Life Capital Appreciation Series S Class	03	2001	10.0000	9.7215	0
MFS/Sun Life Capital Appreciation Series S Class	04	2007	9.3178	10.2008	12,914
MFS/Sun Life Capital Appreciation Series S Class	04	2006	8.9013	9.3178	19,100
MFS/Sun Life Capital Appreciation Series S Class	04	2005	8.9614	8.9013	21,701
MFS/Sun Life Capital Appreciation Series S Class	04	2004	8.1960	8.9614	33,971
MFS/Sun Life Capital Appreciation Series S Class	04	2003	6.4697	8.1960	35,607
MFS/Sun Life Capital Appreciation Series S Class	04	2002	9.7197	6.4697	27,405
MFS/Sun Life Capital Appreciation Series S Class	04	2001	10.0000	9.7197	13,291
MFS/Sun Life Capital Appreciation Series S Class	05	2007	9.2674	10.1352	16,231
MFS/Sun Life Capital Appreciation Series S Class	05	2006	8.8621	9.2674	17,646
MFS/Sun Life Capital Appreciation Series S Class	05	2005	8.9310	8.8621	20,612
MFS/Sun Life Capital Appreciation Series S Class	05	2004	8.1765	8.9310	35,437
MFS/Sun Life Capital Appreciation Series S Class	05	2003	6.4609	8.1765	23,035
MFS/Sun Life Capital Appreciation Series S Class	05	2002	9.7163	6.4609	22,197
MFS/Sun Life Capital Appreciation Series S Class	05	2001	10.0000	9.7163	6,533
MFS/Sun Life Capital Appreciation Series S Class	06	2007	9.1923	10.0377	14,395
MFS/Sun Life Capital Appreciation Series S Class	06	2006	8.8037	9.1923	17,153
MFS/Sun Life Capital Appreciation Series S Class	06	2005	8.8856	8.8037	21,255
MFS/Sun Life Capital Appreciation Series S Class	06	2004	8.1473	8.8856	27,694
MFS/Sun Life Capital Appreciation Series S Class	06	2003	6.4476	8.1473	29,639
MFS/Sun Life Capital Appreciation Series S Class	06	2002	9.7112	6.4476	35,317
MFS/Sun Life Capital Appreciation Series S Class	06	2001	10.0000	9.7112	25,479
MFS/Sun Life Emerging Growth Series S Class	01	2007	10.5457	12.6321	0
MFS/Sun Life Emerging Growth Series S Class	01	2006	9.8906	10.5457	0
MFS/Sun Life Emerging Growth Series S Class	01	2005	9.1739	9.8906	0
MFS/Sun Life Emerging Growth Series S Class	01	2004	8.2033	9.1739	0
MFS/Sun Life Emerging Growth Series S Class	01	2003	6.3186	8.2033	0
MFS/Sun Life Emerging Growth Series S Class	01	2002	9.7225	6.3186	0
MFS/Sun Life Emerging Growth Series S Class	01	2001	10.0000	9.7225	0
MFS/Sun Life Emerging Growth Series S Class	02	2007	10.4604	12.5109	27,448
MFS/Sun Life Emerging Growth Series S Class	02	2006	9.8256	10.4604	29,502
MFS/Sun Life Emerging Growth Series S Class	02	2005	9.1274	9.8256	90,561
MFS/Sun Life Emerging Growth Series S Class	02	2004	8.1741	9.1274	93,994
MFS/Sun Life Emerging Growth Series S Class	02	2003	6.3057	8.1741	99,042
MFS/Sun Life Emerging Growth Series S Class	02	2002	9.7174	6.3057	31,501
MFS/Sun Life Emerging Growth Series S Class	02	2001	10.0000	9.7174	22,622
MFS/Sun Life Emerging Growth Series S Class	03	2007	10.4041	12.4308	0
MFS/Sun Life Emerging Growth Series S Class	03	2006	9.7825	10.4041	0
MFS/Sun Life Emerging Growth Series S Class	03	2005	9.0965	9.7825	0
MFS/Sun Life Emerging Growth Series S Class	03	2004	8.1548	9.0965	0
MFS/Sun Life Emerging Growth Series S Class	03	2003	6.2971	8.1548	0
MFS/Sun Life Emerging Growth Series S Class	03	2002	9.7140	6.2971	0
MFS/Sun Life Emerging Growth Series S Class	03	2001	10.0000	9.7140	0
MFS/Sun Life Emerging Growth Series S Class	04	2007	10.3759	12.3908	12,199
MFS/Sun Life Emerging Growth Series S Class	04	2006	9.7609	10.3759	17,326
MFS/Sun Life Emerging Growth Series S Class	04	2005	9.0811	9.7609	18,115
MFS/Sun Life Emerging Growth Series S Class	04	2004	8.1450	9.0811	34,124
MFS/Sun Life Emerging Growth Series S Class	04	2003	6.2928	8.1450	31,806
MFS/Sun Life Emerging Growth Series S Class	04	2002	9.7123	6.2928	17,044
MFS/Sun Life Emerging Growth Series S Class	04	2001	10.0000	9.7123	8,995
MFS/Sun Life Emerging Growth Series S Class	05	2007	10.3197	12.3113	10,544
MFS/Sun Life Emerging Growth Series S Class	05	2006	9.7180	10.3197	16,101
MFS/Sun Life Emerging Growth Series S Class	05	2005	9.0503	9.7180	17,846
MFS/Sun Life Emerging Growth Series S Class	05	2004	8.1257	9.0503	21,035
MFS/Sun Life Emerging Growth Series S Class	05	2003	6.2842	8.1257	23,236
MFS/Sun Life Emerging Growth Series S Class	05	2002	9.7089	6.2842	22,735
MFS/Sun Life Emerging Growth Series S Class	05	2001	10.0000	9.7089	8,919
MFS/Sun Life Emerging Growth Series S Class	06	2007	10.2362	12.1929	10,732
MFS/Sun Life Emerging Growth Series S Class	06	2006	9.6539	10.2362	13,685
MFS/Sun Life Emerging Growth Series S Class	06	2005	9.0042	9.6539	15,663
MFS/Sun Life Emerging Growth Series S Class	06	2004	8.0967	9.0042	25,239
MFS/Sun Life Emerging Growth Series S Class	06	2003	6.2713	8.0967	24,725
MFS/Sun Life Emerging Growth Series S Class	06	2002	9.7038	6.2713	26,522
MFS/Sun Life Emerging Growth Series S Class	06	2001	10.0000	9.7038	11,204
MFS/Sun Life Government Securities Series S Class	01	2007	11.7457	12.4308	21,843
MFS/Sun Life Government Securities Series S Class	01	2006	11.4658	11.7457	21,878
MFS/Sun Life Government Securities Series S Class	01	2005	11.3535	11.4658	20,657
MFS/Sun Life Government Securities Series S Class	01	2004	11.0752	11.3535	19,858
MFS/Sun Life Government Securities Series S Class	01	2003	10.9817	11.0752	56,258
MFS/Sun Life Government Securities Series S Class	01	2002	10.1290	10.9817	36,582
MFS/Sun Life Government Securities Series S Class	01	2001	10.0000	10.1290	0
MFS/Sun Life Government Securities Series S Class	02	2007	11.6508	12.3116	213,791
MFS/Sun Life Government Securities Series S Class	02	2006	11.3904	11.6508	226,274
MFS/Sun Life Government Securities Series S Class	02	2005	11.2959	11.3904	240,881
MFS/Sun Life Government Securities Series S Class	02	2004	11.0358	11.2959	302,051
MFS/Sun Life Government Securities Series S Class	02	2003	10.9593	11.0358	394,959
MFS/Sun Life Government Securities Series S Class	02	2002	10.1237	10.9593	511,101
MFS/Sun Life Government Securities Series S Class	02	2001	10.0000	10.1237	90,021
MFS/Sun Life Government Securities Series S Class	03	2007	11.5880	12.2328	8,680
MFS/Sun Life Government Securities Series S Class	03	2006	11.3404	11.5880	9,190
MFS/Sun Life Government Securities Series S Class	03	2005	11.2577	11.3404	15,282
MFS/Sun Life Government Securities Series S Class	03	2004	11.0097	11.2577	16,226
MFS/Sun Life Government Securities Series S Class	03	2003	10.9444	11.0097	17,227
MFS/Sun Life Government Securities Series S Class	03	2002	10.1202	10.9444	18,360
MFS/Sun Life Government Securities Series S Class	03	2001	10.0000	10.1202	0
MFS/Sun Life Government Securities Series S Class	04	2007	11.5567	12.1935	108,289
MFS/Sun Life Government Securities Series S Class	04	2006	11.3155	11.5567	128,811
MFS/Sun Life Government Securities Series S Class	04	2005	11.2386	11.3155	186,766
MFS/Sun Life Government Securities Series S Class	04	2004	10.9966	11.2386	227,813
MFS/Sun Life Government Securities Series S Class	04	2003	10.9370	10.9966	325,189
MFS/Sun Life Government Securities Series S Class	04	2002	10.1184	10.9370	421,874
MFS/Sun Life Government Securities Series S Class	04	2001	10.0000	10.1184	57,095
MFS/Sun Life Government Securities Series S Class	05	2007	11.4942	12.1152	108,616
MFS/Sun Life Government Securities Series S Class	05	2006	11.2657	11.4942	138,448
MFS/Sun Life Government Securities Series S Class	05	2005	11.2005	11.2657	169,186
MFS/Sun Life Government Securities Series S Class	05	2004	10.9705	11.2005	202,312
MFS/Sun Life Government Securities Series S Class	05	2003	10.9221	10.9705	255,106
MFS/Sun Life Government Securities Series S Class	05	2002	10.1149	10.9221	280,130
MFS/Sun Life Government Securities Series S Class	05	2001	10.0000	10.1149	20,626
MFS/Sun Life Government Securities Series S Class	06	2007	11.4011	11.9987	204,472
MFS/Sun Life Government Securities Series S Class	06	2006	11.1915	11.4011	225,483
MFS/Sun Life Government Securities Series S Class	06	2005	11.1436	11.1915	248,925
MFS/Sun Life Government Securities Series S Class	06	2004	10.9314	11.1436	284,003
MFS/Sun Life Government Securities Series S Class	06	2003	10.8997	10.9314	335,483
MFS/Sun Life Government Securities Series S Class	06	2002	10.1096	10.8997	443,454
MFS/Sun Life Government Securities Series S Class	06	2001	10.0000	10.1096	55,222
MFS/Sun Life High Yield Series S Class	01	2007	14.3185	14.3961	12,515
MFS/Sun Life High Yield Series S Class	01	2006	13.1428	14.3185	12,037
MFS/Sun Life High Yield Series S Class	01	2005	13.0232	13.1428	12,021
MFS/Sun Life High Yield Series S Class	01	2004	12.0280	13.0232	11,555
MFS/Sun Life High Yield Series S Class	01	2003	10.0237	12.0280	11,463
MFS/Sun Life High Yield Series S Class	01	2002	9.8959	10.0237	0
MFS/Sun Life High Yield Series S Class	01	2001	10.0000	9.8959	0
MFS/Sun Life High Yield Series S Class	02	2007	14.2029	14.2580	105,527
MFS/Sun Life High Yield Series S Class	02	2006	13.0564	14.2029	113,672
MFS/Sun Life High Yield Series S Class	02	2005	12.9572	13.0564	83,006
MFS/Sun Life High Yield Series S Class	02	2004	11.9853	12.9572	105,080
MFS/Sun Life High Yield Series S Class	02	2003	10.0032	11.9853	123,778
MFS/Sun Life High Yield Series S Class	02	2002	9.8907	10.0032	117,914
MFS/Sun Life High Yield Series S Class	02	2001	10.0000	9.8907	39,706
MFS/Sun Life High Yield Series S Class	03	2007	14.1264	14.1669	7,541
MFS/Sun Life High Yield Series S Class	03	2006	12.9992	14.1264	7,984
MFS/Sun Life High Yield Series S Class	03	2005	12.9134	12.9992	17,042
MFS/Sun Life High Yield Series S Class	03	2004	11.9570	12.9134	18,095
MFS/Sun Life High Yield Series S Class	03	2003	9.9897	11.9570	19,211
MFS/Sun Life High Yield Series S Class	03	2002	9.8872	9.9897	20,475
MFS/Sun Life High Yield Series S Class	03	2001	10.0000	9.8872	0
MFS/Sun Life High Yield Series S Class	04	2007	14.0882	14.1213	78,516
MFS/Sun Life High Yield Series S Class	04	2006	12.9706	14.0882	82,830
MFS/Sun Life High Yield Series S Class	04	2005	12.8915	12.9706	95,823
MFS/Sun Life High Yield Series S Class	04	2004	11.9427	12.8915	101,002
MFS/Sun Life High Yield Series S Class	04	2003	9.9828	11.9427	174,541
MFS/Sun Life High Yield Series S Class	04	2002	9.8855	9.9828	151,233
MFS/Sun Life High Yield Series S Class	04	2001	10.0000	9.8855	44,929
MFS/Sun Life High Yield Series S Class	05	2007	14.0120	14.0306	50,972
MFS/Sun Life High Yield Series S Class	05	2006	12.9135	14.0120	57,255
MFS/Sun Life High Yield Series S Class	05	2005	12.8478	12.9135	75,618
MFS/Sun Life High Yield Series S Class	05	2004	11.9143	12.8478	79,072
MFS/Sun Life High Yield Series S Class	05	2003	9.9692	11.9143	85,996
MFS/Sun Life High Yield Series S Class	05	2002	9.8820	9.9692	83,942
MFS/Sun Life High Yield Series S Class	05	2001	10.0000	9.8820	25,150
MFS/Sun Life High Yield Series S Class	06	2007	13.8986	13.8958	70,473
MFS/Sun Life High Yield Series S Class	06	2006	12.8284	13.8986	77,589
MFS/Sun Life High Yield Series S Class	06	2005	12.7825	12.8284	88,044
MFS/Sun Life High Yield Series S Class	06	2004	11.8719	12.7825	104,111
MFS/Sun Life High Yield Series S Class	06	2003	9.9488	11.8719	114,133
MFS/Sun Life High Yield Series S Class	06	2002	9.8768	9.9488	105,349
MFS/Sun Life High Yield Series S Class	06	2001	10.0000	9.8768	50,617
MFS/Sun Life Massachusetts Investors Growth Series	01	2007	6.6330	7.3234	0
MFS/Sun Life Massachusetts Investors Growth Series	01	2006	6.2228	6.6330	0
MFS/Sun Life Massachusetts Investors Growth Series	01	2005	6.0222	6.2228	0
MFS/Sun Life Massachusetts Investors Growth Series	01	2004	5.5499	6.0222	16,565
MFS/Sun Life Massachusetts Investors Growth Series	01	2003	4.5433	5.5499	16,565
MFS/Sun Life Massachusetts Investors Growth Series	01	2002	6.3790	4.5433	37,264
MFS/Sun Life Massachusetts Investors Growth Series	01	2001	8.5799	6.3790	41,072
MFS/Sun Life Massachusetts Investors Growth Series	01	2000	10.0000	8.5799	0
MFS/Sun Life Massachusetts Investors Growth Series	02	2007	6.5683	7.2409	226,865
MFS/Sun Life Massachusetts Investors Growth Series	02	2006	6.1715	6.5683	285,390
MFS/Sun Life Massachusetts Investors Growth Series	02	2005	5.9815	6.1715	324,564
MFS/Sun Life Massachusetts Investors Growth Series	02	2004	5.5208	5.9815	420,832
MFS/Sun Life Massachusetts Investors Growth Series	02	2003	4.5264	5.5208	451,301
MFS/Sun Life Massachusetts Investors Growth Series	02	2002	6.3649	4.5264	504,453
MFS/Sun Life Massachusetts Investors Growth Series	02	2001	8.5740	6.3649	616,865
MFS/Sun Life Massachusetts Investors Growth Series	02	2000	10.0000	8.5740	0
MFS/Sun Life Massachusetts Investors Growth Series	03	2007	6.5256	7.1865	12,737
MFS/Sun Life Massachusetts Investors Growth Series	03	2006	6.1375	6.5256	41,225
MFS/Sun Life Massachusetts Investors Growth Series	03	2005	5.9546	6.1375	41,225
MFS/Sun Life Massachusetts Investors Growth Series	03	2004	5.5015	5.9546	41,225
MFS/Sun Life Massachusetts Investors Growth Series	03	2003	4.5151	5.5015	41,225
MFS/Sun Life Massachusetts Investors Growth Series	03	2002	6.3555	4.5151	41,225
MFS/Sun Life Massachusetts Investors Growth Series	03	2001	8.5701	6.3555	41,225
MFS/Sun Life Massachusetts Investors Growth Series	03	2000	10.0000	8.5701	0
MFS/Sun Life Massachusetts Investors Growth Series	04	2007	6.5042	7.1593	249,531
MFS/Sun Life Massachusetts Investors Growth Series	04	2006	6.1205	6.5042	300,309
MFS/Sun Life Massachusetts Investors Growth Series	04	2005	5.9411	6.1205	361,578
MFS/Sun Life Massachusetts Investors Growth Series	04	2004	5.4918	5.9411	431,616
MFS/Sun Life Massachusetts Investors Growth Series	04	2003	4.5095	5.4918	504,226
MFS/Sun Life Massachusetts Investors Growth Series	04	2002	6.3508	4.5095	582,362
MFS/Sun Life Massachusetts Investors Growth Series	04	2001	8.5681	6.3508	689,060
MFS/Sun Life Massachusetts Investors Growth Series	04	2000	10.0000	8.5681	0
MFS/Sun Life Massachusetts Investors Growth Series	05	2007	6.4617	7.1053	361,937
MFS/Sun Life Massachusetts Investors Growth Series	05	2006	6.0867	6.4617	496,658
MFS/Sun Life Massachusetts Investors Growth Series	05	2005	5.9142	6.0867	607,971
MFS/Sun Life Massachusetts Investors Growth Series	05	2004	5.4726	5.9142	752,485
MFS/Sun Life Massachusetts Investors Growth Series	05	2003	4.4982	5.4726	915,057
MFS/Sun Life Massachusetts Investors Growth Series	05	2002	6.3414	4.4982	1,006,081
MFS/Sun Life Massachusetts Investors Growth Series	05	2001	8.5642	6.3414	1,304,066
MFS/Sun Life Massachusetts Investors Growth Series	05	2000	10.0000	8.5642	0
MFS/Sun Life Massachusetts Investors Growth Series	06	2007	6.3985	7.0250	238,646
MFS/Sun Life Massachusetts Investors Growth Series	06	2006	6.0363	6.3985	259,027
MFS/Sun Life Massachusetts Investors Growth Series	06	2005	5.8742	6.0363	287,378
MFS/Sun Life Massachusetts Investors Growth Series	06	2004	5.4438	5.8742	304,007
MFS/Sun Life Massachusetts Investors Growth Series	06	2003	4.4814	5.4438	347,611
MFS/Sun Life Massachusetts Investors Growth Series	06	2002	6.3273	4.4814	371,780
MFS/Sun Life Massachusetts Investors Growth Series	06	2001	8.5583	6.3273	430,921
MFS/Sun Life Massachusetts Investors Growth Series	06	2000	10.0000	8.5583	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2007	10.0529	11.0729	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2006	9.4532	10.0529	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2005	9.1675	9.4532	24,665
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2004	8.4680	9.1675	24,928
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2003	6.9628	8.4680	24,693
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2002	9.7841	6.9628	31,958
MFS/Sun Life Massachusetts Investors Growth Series S Class	01	2001	10.0000	9.7841	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2007	9.9717	10.9667	94,233
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2006	9.3910	9.9717	107,654
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2005	9.1210	9.3910	127,363
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2004	8.4379	9.1210	144,015
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2003	6.9485	8.4379	159,073
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2002	9.7790	6.9485	142,183
MFS/Sun Life Massachusetts Investors Growth Series S Class	02	2001	10.0000	9.7790	65,311
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2007	9.9180	10.8965	16,295
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2006	9.3499	9.9180	17,252
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2005	9.0902	9.3499	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2004	8.4179	9.0902	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2003	6.9391	8.4179	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2002	9.7756	6.9391	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	03	2001	10.0000	9.7756	0
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2007	9.8911	10.8615	69,734
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2006	9.3293	9.8911	81,422
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2005	9.0747	9.3293	97,099
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2004	8.4079	9.0747	111,988
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2003	6.9343	8.4079	121,456
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2002	9.7738	6.9343	119,889
MFS/Sun Life Massachusetts Investors Growth Series S Class	04	2001	10.0000	9.7738	33,764
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2007	9.8376	10.7917	89,835
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2006	9.2882	9.8376	103,379
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2005	9.0439	9.2882	93,054
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2004	8.3879	9.0439	100,573
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2003	6.9248	8.3879	108,571
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2002	9.7704	6.9248	95,787
MFS/Sun Life Massachusetts Investors Growth Series S Class	05	2001	10.0000	9.7704	24,799
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2007	9.7579	10.6879	160,473
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2006	9.2270	9.7579	175,076
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2005	8.9979	9.2270	197,475
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2004	8.3579	8.9979	210,928
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2003	6.9106	8.3579	231,830
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2002	9.7653	6.9106	237,736
MFS/Sun Life Massachusetts Investors Growth Series S Class	06	2001	10.0000	9.7653	73,389
MFS/Sun Life New Discovery Series S Class	01	2007	11.1646	11.3041	0
MFS/Sun Life New Discovery Series S Class	01	2006	9.9889	11.1646	0
MFS/Sun Life New Discovery Series S Class	01	2005	9.6131	9.9889	15,616
MFS/Sun Life New Discovery Series S Class	01	2004	9.0568	9.6131	15,905
MFS/Sun Life New Discovery Series S Class	01	2003	6.7759	9.0568	15,471
MFS/Sun Life New Discovery Series S Class	01	2002	10.3171	6.7759	8,310
MFS/Sun Life New Discovery Series S Class	01	2001	10.0000	10.3171	0
MFS/Sun Life New Discovery Series S Class	02	2007	11.0744	11.1956	255,170
MFS/Sun Life New Discovery Series S Class	02	2006	9.9232	11.0744	297,349
MFS/Sun Life New Discovery Series S Class	02	2005	9.5643	9.9232	360,556
MFS/Sun Life New Discovery Series S Class	02	2004	9.0246	9.5643	402,435
MFS/Sun Life New Discovery Series S Class	02	2003	6.7620	9.0246	411,586
MFS/Sun Life New Discovery Series S Class	02	2002	10.3117	6.7620	305,373
MFS/Sun Life New Discovery Series S Class	02	2001	10.0000	10.3117	38,803
MFS/Sun Life New Discovery Series S Class	03	2007	11.0147	11.1240	38,781
MFS/Sun Life New Discovery Series S Class	03	2006	9.8797	11.0147	37,058
MFS/Sun Life New Discovery Series S Class	03	2005	9.5319	9.8797	25,330
MFS/Sun Life New Discovery Series S Class	03	2004	9.0032	9.5319	33,066
MFS/Sun Life New Discovery Series S Class	03	2003	6.7528	9.0032	32,200
MFS/Sun Life New Discovery Series S Class	03	2002	10.3081	6.7528	28,158
MFS/Sun Life New Discovery Series S Class	03	2001	10.0000	10.3081	0
MFS/Sun Life New Discovery Series S Class	04	2007	10.9849	11.0882	202,981
MFS/Sun Life New Discovery Series S Class	04	2006	9.8579	10.9849	231,998
MFS/Sun Life New Discovery Series S Class	04	2005	9.5158	9.8579	251,798
MFS/Sun Life New Discovery Series S Class	04	2004	8.9925	9.5158	289,832
MFS/Sun Life New Discovery Series S Class	04	2003	6.7482	8.9925	288,784
MFS/Sun Life New Discovery Series S Class	04	2002	10.3063	6.7482	232,437
MFS/Sun Life New Discovery Series S Class	04	2001	10.0000	10.3063	34,845
MFS/Sun Life New Discovery Series S Class	05	2007	10.9255	11.0170	230,577
MFS/Sun Life New Discovery Series S Class	05	2006	9.8145	10.9255	287,415
MFS/Sun Life New Discovery Series S Class	05	2005	9.4835	9.8145	290,367
MFS/Sun Life New Discovery Series S Class	05	2004	8.9711	9.4835	325,297
MFS/Sun Life New Discovery Series S Class	05	2003	6.7389	8.9711	300,630
MFS/Sun Life New Discovery Series S Class	05	2002	10.3026	6.7389	230,445
MFS/Sun Life New Discovery Series S Class	05	2001	10.0000	10.3026	20,876
MFS/Sun Life New Discovery Series S Class	06	2007	10.8370	10.9110	382,682
MFS/Sun Life New Discovery Series S Class	06	2006	9.7498	10.8370	401,354
MFS/Sun Life New Discovery Series S Class	06	2005	9.4352	9.7498	438,797
MFS/Sun Life New Discovery Series S Class	06	2004	8.9391	9.4352	494,826
MFS/Sun Life New Discovery Series S Class	06	2003	6.7251	8.9391	483,811
MFS/Sun Life New Discovery Series S Class	06	2002	10.2972	6.7251	415,023
MFS/Sun Life New Discovery Series S Class	06	2001	10.0000	10.2972	60,891
MFS/Sun Life Series Trust New Discovery Series	01	2007	8.8492	8.9844	0
MFS/Sun Life Series Trust New Discovery Series	01	2006	7.8981	8.8492	0
MFS/Sun Life Series Trust New Discovery Series	01	2005	7.5829	7.8981	0
MFS/Sun Life Series Trust New Discovery Series	01	2004	7.1262	7.5829	15,575
MFS/Sun Life Series Trust New Discovery Series	01	2003	5.3205	7.1262	21,066
MFS/Sun Life Series Trust New Discovery Series	01	2002	8.0768	5.3205	15,575
MFS/Sun Life Series Trust New Discovery Series	01	2001	8.5985	8.0768	15,575
MFS/Sun Life Series Trust New Discovery Series	01	2000	10.0000	8.5985	0
MFS/Sun Life Series Trust New Discovery Series	02	2007	8.7628	8.8831	269,103
MFS/Sun Life Series Trust New Discovery Series	02	2006	7.8329	8.7628	317,077
MFS/Sun Life Series Trust New Discovery Series	02	2005	7.5317	7.8329	353,005
MFS/Sun Life Series Trust New Discovery Series	02	2004	7.0888	7.5317	422,773
MFS/Sun Life Series Trust New Discovery Series	02	2003	5.3007	7.0888	443,077
MFS/Sun Life Series Trust New Discovery Series	02	2002	8.0589	5.3007	500,035
MFS/Sun Life Series Trust New Discovery Series	02	2001	8.5926	8.0589	287,902
MFS/Sun Life Series Trust New Discovery Series	02	2000	10.0000	8.5926	0
MFS/Sun Life Series Trust New Discovery Series	03	2007	8.7058	8.8163	54,087
MFS/Sun Life Series Trust New Discovery Series	03	2006	7.7897	8.7058	84,712
MFS/Sun Life Series Trust New Discovery Series	03	2005	7.4977	7.7897	88,080
MFS/Sun Life Series Trust New Discovery Series	03	2004	7.0641	7.4977	77,423
MFS/Sun Life Series Trust New Discovery Series	03	2003	5.2875	7.0641	74,001
MFS/Sun Life Series Trust New Discovery Series	03	2002	8.0470	5.2875	74,134
MFS/Sun Life Series Trust New Discovery Series	03	2001	8.5886	8.0470	74,267
MFS/Sun Life Series Trust New Discovery Series	03	2000	10.0000	8.5886	0
MFS/Sun Life Series Trust New Discovery Series	04	2007	8.6773	8.7830	345,349
MFS/Sun Life Series Trust New Discovery Series	04	2006	7.7682	8.6773	395,163
MFS/Sun Life Series Trust New Discovery Series	04	2005	7.4808	7.7682	435,124
MFS/Sun Life Series Trust New Discovery Series	04	2004	7.0517	7.4808	479,125
MFS/Sun Life Series Trust New Discovery Series	04	2003	5.2809	7.0517	530,405
MFS/Sun Life Series Trust New Discovery Series	04	2002	8.0411	5.2809	535,192
MFS/Sun Life Series Trust New Discovery Series	04	2001	8.5867	8.0411	317,108
MFS/Sun Life Series Trust New Discovery Series	04	2000	10.0000	8.5867	0
MFS/Sun Life Series Trust New Discovery Series	05	2007	8.6206	8.7167	463,590
MFS/Sun Life Series Trust New Discovery Series	05	2006	7.7253	8.6206	533,938
MFS/Sun Life Series Trust New Discovery Series	05	2005	7.4470	7.7253	600,514
MFS/Sun Life Series Trust New Discovery Series	05	2004	7.0270	7.4470	680,445
MFS/Sun Life Series Trust New Discovery Series	05	2003	5.2677	7.0270	693,381
MFS/Sun Life Series Trust New Discovery Series	05	2002	8.0292	5.2677	699,564
MFS/Sun Life Series Trust New Discovery Series	05	2001	8.5827	8.0292	520,696
MFS/Sun Life Series Trust New Discovery Series	05	2000	10.0000	8.5827	0
MFS/Sun Life Series Trust New Discovery Series	06	2007	8.5363	8.6182	314,933
MFS/Sun Life Series Trust New Discovery Series	06	2006	7.6613	8.5363	330,716
MFS/Sun Life Series Trust New Discovery Series	06	2005	7.3965	7.6613	344,922
MFS/Sun Life Series Trust New Discovery Series	06	2004	6.9900	7.3965	381,201
MFS/Sun Life Series Trust New Discovery Series	06	2003	5.2480	6.9900	386,334
MFS/Sun Life Series Trust New Discovery Series	06	2002	8.0113	5.2480	381,116
MFS/Sun Life Series Trust New Discovery Series	06	2001	8.5768	8.0113	262,121
MFS/Sun Life Series Trust New Discovery Series	06	2000	10.0000	8.5768	0
MFS/Sun Life Series Trust Total Return Series	01	2007	15.0573	15.5500	0
MFS/Sun Life Series Trust Total Return Series	01	2006	13.5525	15.0573	0
MFS/Sun Life Series Trust Total Return Series	01	2005	13.2874	13.5525	0
MFS/Sun Life Series Trust Total Return Series	01	2004	12.0407	13.2874	0
MFS/Sun Life Series Trust Total Return Series	01	2003	10.3818	12.0407	24,121
MFS/Sun Life Series Trust Total Return Series	01	2002	11.1223	10.3818	40,252
MFS/Sun Life Series Trust Total Return Series	01	2001	11.1781	11.1223	26,038
MFS/Sun Life Series Trust Total Return Series	01	2000	10.0000	11.1781	0
MFS/Sun Life Series Trust Total Return Series	02	2007	14.9104	15.3749	225,276
MFS/Sun Life Series Trust Total Return Series	02	2006	13.4407	14.9104	243,283
MFS/Sun Life Series Trust Total Return Series	02	2005	13.1977	13.4407	285,142
MFS/Sun Life Series Trust Total Return Series	02	2004	11.9777	13.1977	317,043
MFS/Sun Life Series Trust Total Return Series	02	2003	10.3431	11.9777	338,639
MFS/Sun Life Series Trust Total Return Series	02	2002	11.0977	10.3431	405,747
MFS/Sun Life Series Trust Total Return Series	02	2001	11.1704	11.0977	354,900
MFS/Sun Life Series Trust Total Return Series	02	2000	10.0000	11.1704	0
MFS/Sun Life Series Trust Total Return Series	03	2007	14.8134	15.2594	0
MFS/Sun Life Series Trust Total Return Series	03	2006	13.3668	14.8134	0
MFS/Sun Life Series Trust Total Return Series	03	2005	13.1383	13.3668	0
MFS/Sun Life Series Trust Total Return Series	03	2004	11.9359	13.1383	0
MFS/Sun Life Series Trust Total Return Series	03	2003	10.3174	11.9359	8,272
MFS/Sun Life Series Trust Total Return Series	03	2002	11.0814	10.3174	0
MFS/Sun Life Series Trust Total Return Series	03	2001	11.1653	11.0814	21,495
MFS/Sun Life Series Trust Total Return Series	03	2000	10.0000	11.1653	0
MFS/Sun Life Series Trust Total Return Series	04	2007	14.7650	15.2018	225,079
MFS/Sun Life Series Trust Total Return Series	04	2006	13.3298	14.7650	258,704
MFS/Sun Life Series Trust Total Return Series	04	2005	13.1086	13.3298	265,235
MFS/Sun Life Series Trust Total Return Series	04	2004	11.9150	13.1086	295,636
MFS/Sun Life Series Trust Total Return Series	04	2003	10.3046	11.9150	352,777
MFS/Sun Life Series Trust Total Return Series	04	2002	11.0732	10.3046	376,093
MFS/Sun Life Series Trust Total Return Series	04	2001	11.1628	11.0732	340,045
MFS/Sun Life Series Trust Total Return Series	04	2000	10.0000	11.1628	0
MFS/Sun Life Series Trust Total Return Series	05	2007	14.6687	15.0871	413,551
MFS/Sun Life Series Trust Total Return Series	05	2006	13.2562	14.6687	611,070
MFS/Sun Life Series Trust Total Return Series	05	2005	13.0494	13.2562	625,765
MFS/Sun Life Series Trust Total Return Series	05	2004	11.8733	13.0494	672,157
MFS/Sun Life Series Trust Total Return Series	05	2003	10.2789	11.8733	731,554
MFS/Sun Life Series Trust Total Return Series	05	2002	11.0568	10.2789	750,533
MFS/Sun Life Series Trust Total Return Series	05	2001	11.1576	11.0568	608,470
MFS/Sun Life Series Trust Total Return Series	05	2000	10.0000	11.1576	0
MFS/Sun Life Series Trust Total Return Series	06	2007	14.5253	14.9168	98,145
MFS/Sun Life Series Trust Total Return Series	06	2006	13.1466	14.5253	137,559
MFS/Sun Life Series Trust Total Return Series	06	2005	12.9612	13.1466	157,996
MFS/Sun Life Series Trust Total Return Series	06	2004	11.8110	12.9612	148,255
MFS/Sun Life Series Trust Total Return Series	06	2003	10.2405	11.8110	185,846
MFS/Sun Life Series Trust Total Return Series	06	2002	11.0323	10.2405	193,756
MFS/Sun Life Series Trust Total Return Series	06	2001	11.1500	11.0323	156,761
MFS/Sun Life Series Trust Total Return Series	06	2000	10.0000	11.1500	0
MFS/Sun Life Total Return Series S Class	01	2007	13.3410	13.7450	0
MFS/Sun Life Total Return Series S Class	01	2006	12.0415	13.3410	0
MFS/Sun Life Total Return Series S Class	01	2005	11.8301	12.0415	0
MFS/Sun Life Total Return Series S Class	01	2004	10.7517	11.8301	0
MFS/Sun Life Total Return Series S Class	01	2003	9.2956	10.7517	41,515
MFS/Sun Life Total Return Series S Class	01	2002	9.9765	9.2956	39,879
MFS/Sun Life Total Return Series S Class	01	2001	10.0000	9.9765	0
MFS/Sun Life Total Return Series S Class	02	2007	13.2332	13.6131	285,119
MFS/Sun Life Total Return Series S Class	02	2006	11.9623	13.2332	307,716
MFS/Sun Life Total Return Series S Class	02	2005	11.7701	11.9623	377,281
MFS/Sun Life Total Return Series S Class	02	2004	10.7135	11.7701	348,135
MFS/Sun Life Total Return Series S Class	02	2003	9.2766	10.7135	391,421
MFS/Sun Life Total Return Series S Class	02	2002	9.9713	9.2766	443,617
MFS/Sun Life Total Return Series S Class	02	2001	10.0000	9.9713	113,661
MFS/Sun Life Total Return Series S Class	03	2007	13.1620	13.5261	0
MFS/Sun Life Total Return Series S Class	03	2006	11.9099	13.1620	0
MFS/Sun Life Total Return Series S Class	03	2005	11.7303	11.9099	17,894
MFS/Sun Life Total Return Series S Class	03	2004	10.6881	11.7303	18,999
MFS/Sun Life Total Return Series S Class	03	2003	9.2640	10.6881	20,171
MFS/Sun Life Total Return Series S Class	03	2002	9.9678	9.2640	21,498
MFS/Sun Life Total Return Series S Class	03	2001	10.0000	9.9678	0
MFS/Sun Life Total Return Series S Class	04	2007	13.1263	13.4826	325,396
MFS/Sun Life Total Return Series S Class	04	2006	11.8836	13.1263	337,085
MFS/Sun Life Total Return Series S Class	04	2005	11.7104	11.8836	387,980
MFS/Sun Life Total Return Series S Class	04	2004	10.6754	11.7104	426,906
MFS/Sun Life Total Return Series S Class	04	2003	9.2577	10.6754	433,931
MFS/Sun Life Total Return Series S Class	04	2002	9.9661	9.2577	388,787
MFS/Sun Life Total Return Series S Class	04	2001	10.0000	9.9661	131,010
MFS/Sun Life Total Return Series S Class	05	2007	13.0554	13.3960	294,771
MFS/Sun Life Total Return Series S Class	05	2006	11.8313	13.0554	267,746
MFS/Sun Life Total Return Series S Class	05	2005	11.6707	11.8313	280,839
MFS/Sun Life Total Return Series S Class	05	2004	10.6500	11.6707	275,428
MFS/Sun Life Total Return Series S Class	05	2003	9.2451	10.6500	304,716
MFS/Sun Life Total Return Series S Class	05	2002	9.9626	9.2451	304,687
MFS/Sun Life Total Return Series S Class	05	2001	10.0000	9.9626	88,165
MFS/Sun Life Total Return Series S Class	06	2007	12.9496	13.2672	424,163
MFS/Sun Life Total Return Series S Class	06	2006	11.7533	12.9496	451,206
MFS/Sun Life Total Return Series S Class	06	2005	11.6114	11.7533	481,874
MFS/Sun Life Total Return Series S Class	06	2004	10.6121	11.6114	508,506
MFS/Sun Life Total Return Series S Class	06	2003	9.2261	10.6121	521,595
MFS/Sun Life Total Return Series S Class	06	2002	9.9573	9.2261	491,799
MFS/Sun Life Total Return Series S Class	06	2001	10.0000	9.9573	121,906
MFS/Sun Life Utilities Series S Class	01	2007	17.6005	22.3515	0
MFS/Sun Life Utilities Series S Class	01	2006	13.4719	17.6005	0
MFS/Sun Life Utilities Series S Class	01	2005	11.6332	13.4719	0
MFS/Sun Life Utilities Series S Class	01	2004	9.0382	11.6332	0
MFS/Sun Life Utilities Series S Class	01	2003	6.7113	9.0382	0
MFS/Sun Life Utilities Series S Class	01	2002	8.9376	6.7113	0
MFS/Sun Life Utilities Series S Class	01	2001	10.0000	8.9376	0
MFS/Sun Life Utilities Series S Class	02	2007	17.4583	22.1371	72,468
MFS/Sun Life Utilities Series S Class	02	2006	13.3833	17.4583	81,409
MFS/Sun Life Utilities Series S Class	02	2005	11.5742	13.3833	113,896
MFS/Sun Life Utilities Series S Class	02	2004	9.0060	11.5742	128,426
MFS/Sun Life Utilities Series S Class	02	2003	6.6976	9.0060	128,773
MFS/Sun Life Utilities Series S Class	02	2002	8.9329	6.6976	48,119
MFS/Sun Life Utilities Series S Class	02	2001	10.0000	8.9329	29,888
MFS/Sun Life Utilities Series S Class	03	2007	17.3642	21.9955	0
MFS/Sun Life Utilities Series S Class	03	2006	13.3246	17.3642	0
MFS/Sun Life Utilities Series S Class	03	2005	11.5350	13.3246	0
MFS/Sun Life Utilities Series S Class	03	2004	8.9846	11.5350	0
MFS/Sun Life Utilities Series S Class	03	2003	6.6885	8.9846	0
MFS/Sun Life Utilities Series S Class	03	2002	8.9298	6.6885	0
MFS/Sun Life Utilities Series S Class	03	2001	10.0000	8.9298	0
MFS/Sun Life Utilities Series S Class	04	2007	17.3172	21.9249	111,382
MFS/Sun Life Utilities Series S Class	04	2006	13.2953	17.3172	109,008
MFS/Sun Life Utilities Series S Class	04	2005	11.5155	13.2953	108,406
MFS/Sun Life Utilities Series S Class	04	2004	8.9740	11.5155	121,409
MFS/Sun Life Utilities Series S Class	04	2003	6.6839	8.9740	126,739
MFS/Sun Life Utilities Series S Class	04	2002	8.9282	6.6839	99,241
MFS/Sun Life Utilities Series S Class	04	2001	10.0000	8.9282	74,788
MFS/Sun Life Utilities Series S Class	05	2007	17.2237	21.7842	26,770
MFS/Sun Life Utilities Series S Class	05	2006	13.2369	17.2237	38,592
MFS/Sun Life Utilities Series S Class	05	2005	11.4764	13.2369	42,273
MFS/Sun Life Utilities Series S Class	05	2004	8.9526	11.4764	42,850
MFS/Sun Life Utilities Series S Class	05	2003	6.6748	8.9526	41,862
MFS/Sun Life Utilities Series S Class	05	2002	8.9251	6.6748	48,006
MFS/Sun Life Utilities Series S Class	05	2001	10.0000	8.9251	15,720
MFS/Sun Life Utilities Series S Class	06	2007	17.0842	21.5747	116,461
MFS/Sun Life Utilities Series S Class	06	2006	13.1496	17.0842	126,559
MFS/Sun Life Utilities Series S Class	06	2005	11.4181	13.1496	126,365
MFS/Sun Life Utilities Series S Class	06	2004	8.9207	11.4181	133,158
MFS/Sun Life Utilities Series S Class	06	2003	6.6611	8.9207	159,495
MFS/Sun Life Utilities Series S Class	06	2002	8.9204	6.6611	118,280
MFS/Sun Life Utilities Series S Class	06	2001	10.0000	8.9204	59,417
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2007	10.0727	10.5647	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2006	8.9796	10.0727	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2005	8.4212	8.9796	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2004	7.5959	8.4212	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2003	6.2463	7.5959	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2002	8.0097	6.2463	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2001	9.6014	8.0097	0
MFS/Sunlife - Blended Research Core Equity Series I Class	01	2000	10.0000	9.6014	0
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2007	9.9744	10.4457	101,365
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2006	8.9054	9.9744	128,443
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2005	8.3643	8.9054	165,819
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2004	7.5561	8.3643	225,036
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2003	6.2231	7.5561	244,006
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2002	7.9919	6.2231	266,985
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2001	9.5948	7.9919	295,420
MFS/Sunlife - Blended Research Core Equity Series I Class	02	2000	10.0000	9.5948	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2007	9.9095	10.3671	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2006	8.8564	9.9095	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2005	8.3267	8.8564	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2004	7.5297	8.3267	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2003	6.2076	7.5297	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2002	7.9801	6.2076	0
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2001	9.5905	7.9801	8,601
MFS/Sunlife - Blended Research Core Equity Series I Class	03	2000	10.0000	9.5905	0
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2007	9.8771	10.3280	134,618
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2006	8.8319	9.8771	154,253
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2005	8.3078	8.8319	171,309
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2004	7.5165	8.3078	193,615
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2003	6.1998	7.5165	204,033
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2002	7.9742	6.1998	226,747
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2001	9.5883	7.9742	296,697
MFS/Sunlife - Blended Research Core Equity Series I Class	04	2000	10.0000	9.5883	0
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2007	9.8126	10.2501	272,747
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2006	8.7831	9.8126	322,609
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2005	8.2703	8.7831	381,339
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2004	7.4902	8.2703	472,342
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2003	6.1844	7.4902	557,092
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2002	7.9624	6.1844	580,254
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2001	9.5839	7.9624	710,652
MFS/Sunlife - Blended Research Core Equity Series I Class	05	2000	10.0000	9.5839	0
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2007	9.7167	10.1343	85,601
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2006	8.7105	9.7167	101,356
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2005	8.2143	8.7105	120,146
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2004	7.4509	8.2143	141,029
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2003	6.1613	7.4509	168,084
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2002	7.9448	6.1613	185,099
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2001	9.5773	7.9448	216,653
MFS/Sunlife - Blended Research Core Equity Series I Class	06	2000	10.0000	9.5773	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2007	12.0218	12.5782	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2006	10.7421	12.0218	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2005	10.1010	10.7421	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2004	9.1313	10.1010	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2003	7.5324	9.1313	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2002	9.6794	7.5324	0
MFS/Sunlife - Blended Research Core Equity Series S Class	01	2001	10.0000	9.6794	0
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2007	11.9247	12.4575	70,756
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2006	10.6715	11.9247	74,619
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2005	10.0497	10.6715	86,237
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2004	9.0988	10.0497	108,482
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2003	7.5170	9.0988	114,807
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2002	9.6743	7.5170	111,974
MFS/Sunlife - Blended Research Core Equity Series S Class	02	2001	10.0000	9.6743	35,067
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2007	11.8604	12.3778	10,371
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2006	10.6247	11.8604	10,828
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2005	10.0157	10.6247	10,828
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2004	9.0772	10.0157	10,828
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2003	7.5068	9.0772	10,828
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2002	9.6709	7.5068	10,828
MFS/Sunlife - Blended Research Core Equity Series S Class	03	2001	10.0000	9.6709	7,107
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2007	11.8283	12.3380	46,159
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2006	10.6013	11.8283	58,508
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2005	9.9987	10.6013	62,943
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2004	9.0664	9.9987	68,795
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2003	7.5016	9.0664	50,388
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2002	9.6692	7.5016	44,599
MFS/Sunlife - Blended Research Core Equity Series S Class	04	2001	10.0000	9.6692	12,603
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2007	11.7644	12.2587	45,059
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2006	10.5546	11.7644	47,098
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2005	9.9648	10.5546	48,302
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2004	9.0449	9.9648	44,085
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2003	7.4914	9.0449	45,790
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2002	9.6658	7.4914	49,378
MFS/Sunlife - Blended Research Core Equity Series S Class	05	2001	10.0000	9.6658	19,810
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2007	11.6691	12.1408	68,305
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2006	10.4850	11.6691	72,791
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2005	9.9141	10.4850	73,155
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2004	9.0126	9.9141	74,684
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2003	7.4760	9.0126	85,130
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2002	9.6607	7.4760	85,290
MFS/Sunlife - Blended Research Core Equity Series S Class	06	2001	10.0000	9.6607	37,370
PIMCO Emerging Markets Bond Portfolio	01	2007	19.9884	20.9395	2,793
PIMCO Emerging Markets Bond Portfolio	01	2006	18.4759	19.9884	2,793
PIMCO Emerging Markets Bond Portfolio	01	2005	16.8454	18.4759	2,793
PIMCO Emerging Markets Bond Portfolio	01	2004	15.1762	16.8454	0
PIMCO Emerging Markets Bond Portfolio	01	2003	11.6405	15.1762	2,573
PIMCO Emerging Markets Bond Portfolio	01	2002	10.0000	11.6405	0
PIMCO Emerging Markets Bond Portfolio	02	2007	19.8599	20.7732	184,718
PIMCO Emerging Markets Bond Portfolio	02	2006	18.3849	19.8599	217,643
PIMCO Emerging Markets Bond Portfolio	02	2005	16.7879	18.3849	266,168
PIMCO Emerging Markets Bond Portfolio	02	2004	15.1474	16.7879	267,370
PIMCO Emerging Markets Bond Portfolio	02	2003	11.6361	15.1474	271,202
PIMCO Emerging Markets Bond Portfolio	02	2002	10.0000	11.6361	260,288
PIMCO Emerging Markets Bond Portfolio	03	2007	19.7748	20.6632	19,261
PIMCO Emerging Markets Bond Portfolio	03	2006	18.3246	19.7748	19,445
PIMCO Emerging Markets Bond Portfolio	03	2005	16.7497	18.3246	14,592
PIMCO Emerging Markets Bond Portfolio	03	2004	15.1283	16.7497	10,804
PIMCO Emerging Markets Bond Portfolio	03	2003	11.6331	15.1283	9,564
PIMCO Emerging Markets Bond Portfolio	03	2002	10.0000	11.6331	16,207
PIMCO Emerging Markets Bond Portfolio	04	2007	19.7322	20.6082	190,277
PIMCO Emerging Markets Bond Portfolio	04	2006	18.2944	19.7322	227,078
PIMCO Emerging Markets Bond Portfolio	04	2005	16.7306	18.2944	233,652
PIMCO Emerging Markets Bond Portfolio	04	2004	15.1187	16.7306	221,898
PIMCO Emerging Markets Bond Portfolio	04	2003	11.6316	15.1187	222,245
PIMCO Emerging Markets Bond Portfolio	04	2002	10.0000	11.6316	237,851
PIMCO Emerging Markets Bond Portfolio	05	2007	19.6474	20.4986	244,682
PIMCO Emerging Markets Bond Portfolio	05	2006	18.2342	19.6474	278,656
PIMCO Emerging Markets Bond Portfolio	05	2005	16.6923	18.2342	276,902
PIMCO Emerging Markets Bond Portfolio	05	2004	15.0995	16.6923	283,635
PIMCO Emerging Markets Bond Portfolio	05	2003	11.6287	15.0995	278,531
PIMCO Emerging Markets Bond Portfolio	05	2002	10.0000	11.6287	309,006
PIMCO Emerging Markets Bond Portfolio	06	2007	19.5208	20.3354	225,177
PIMCO Emerging Markets Bond Portfolio	06	2006	18.1442	19.5208	242,962
PIMCO Emerging Markets Bond Portfolio	06	2005	16.6352	18.1442	247,941
PIMCO Emerging Markets Bond Portfolio	06	2004	15.0708	16.6352	255,742
PIMCO Emerging Markets Bond Portfolio	06	2003	11.6242	15.0708	237,897
PIMCO Emerging Markets Bond Portfolio	06	2002	10.0000	11.6242	270,125
PIMCO High Yield Portfolio	01	2007	15.9387	16.3326	0
PIMCO High Yield Portfolio	01	2006	14.7557	15.9387	0
PIMCO High Yield Portfolio	01	2005	14.3138	14.7557	0
PIMCO High Yield Portfolio	01	2004	13.1967	14.3138	0
PIMCO High Yield Portfolio	01	2003	10.8453	13.1967	3,597
PIMCO High Yield Portfolio	01	2002	10.0000	10.8453	0
PIMCO High Yield Portfolio	02	2007	15.8362	16.2028	308,688
PIMCO High Yield Portfolio	02	2006	14.6830	15.8362	347,997
PIMCO High Yield Portfolio	02	2005	14.2649	14.6830	391,058
PIMCO High Yield Portfolio	02	2004	13.1716	14.2649	382,101
PIMCO High Yield Portfolio	02	2003	10.8412	13.1716	379,079
PIMCO High Yield Portfolio	02	2002	10.0000	10.8412	262,810
PIMCO High Yield Portfolio	03	2007	15.7683	16.1170	43,117
PIMCO High Yield Portfolio	03	2006	14.6348	15.7683	42,971
PIMCO High Yield Portfolio	03	2005	14.2324	14.6348	31,261
PIMCO High Yield Portfolio	03	2004	13.1550	14.2324	43,915
PIMCO High Yield Portfolio	03	2003	10.8384	13.1550	42,000
PIMCO High Yield Portfolio	03	2002	10.0000	10.8384	19,016
PIMCO High Yield Portfolio	04	2007	15.7344	16.0741	311,596
PIMCO High Yield Portfolio	04	2006	14.6107	15.7344	354,817
PIMCO High Yield Portfolio	04	2005	14.2161	14.6107	360,903
PIMCO High Yield Portfolio	04	2004	13.1466	14.2161	337,137
PIMCO High Yield Portfolio	04	2003	10.8370	13.1466	331,900
PIMCO High Yield Portfolio	04	2002	10.0000	10.8370	232,740
PIMCO High Yield Portfolio	05	2007	15.6667	15.9887	408,493
PIMCO High Yield Portfolio	05	2006	14.5626	15.6667	454,692
PIMCO High Yield Portfolio	05	2005	14.1837	14.5626	457,978
PIMCO High Yield Portfolio	05	2004	13.1299	14.1837	442,424
PIMCO High Yield Portfolio	05	2003	10.8343	13.1299	426,056
PIMCO High Yield Portfolio	05	2002	10.0000	10.8343	313,993
PIMCO High Yield Portfolio	06	2007	15.5658	15.8613	381,440
PIMCO High Yield Portfolio	06	2006	14.4907	15.5658	398,061
PIMCO High Yield Portfolio	06	2005	14.1351	14.4907	404,246
PIMCO High Yield Portfolio	06	2004	13.1050	14.1351	395,667
PIMCO High Yield Portfolio	06	2003	10.8301	13.1050	363,195
PIMCO High Yield Portfolio	06	2002	10.0000	10.8301	271,007
PIMCO Real Return Portfolio	01	2007	11.8204	12.9499	4,072
PIMCO Real Return Portfolio	01	2006	11.8546	11.8204	4,072
PIMCO Real Return Portfolio	01	2005	11.7280	11.8546	4,072
PIMCO Real Return Portfolio	01	2004	10.8767	11.7280	0
PIMCO Real Return Portfolio	01	2003	10.0928	10.8767	0
PIMCO Real Return Portfolio	01	2002	10.0000	10.0928	0
PIMCO Real Return Portfolio	02	2007	11.7443	12.8470	208,353
PIMCO Real Return Portfolio	02	2006	11.7962	11.7443	189,785
PIMCO Real Return Portfolio	02	2005	11.6879	11.7962	207,350
PIMCO Real Return Portfolio	02	2004	10.8560	11.6879	194,796
PIMCO Real Return Portfolio	02	2003	10.0890	10.8560	168,066
PIMCO Real Return Portfolio	02	2002	10.0000	10.0890	34,531
PIMCO Real Return Portfolio	03	2007	11.6940	12.7790	0
PIMCO Real Return Portfolio	03	2006	11.7575	11.6940	0
PIMCO Real Return Portfolio	03	2005	11.6613	11.7575	0
PIMCO Real Return Portfolio	03	2004	10.8423	11.6613	0
PIMCO Real Return Portfolio	03	2003	10.0864	10.8423	0
PIMCO Real Return Portfolio	03	2002	10.0000	10.0864	0
PIMCO Real Return Portfolio	04	2007	11.6688	12.7449	75,673
PIMCO Real Return Portfolio	04	2006	11.7382	11.6688	95,118
PIMCO Real Return Portfolio	04	2005	11.6480	11.7382	102,012
PIMCO Real Return Portfolio	04	2004	10.8354	11.6480	81,998
PIMCO Real Return Portfolio	04	2003	10.0851	10.8354	63,559
PIMCO Real Return Portfolio	04	2002	10.0000	10.0851	10,048
PIMCO Real Return Portfolio	05	2007	11.6186	12.6772	103,115
PIMCO Real Return Portfolio	05	2006	11.6995	11.6186	151,444
PIMCO Real Return Portfolio	05	2005	11.6214	11.6995	196,842
PIMCO Real Return Portfolio	05	2004	10.8216	11.6214	213,263
PIMCO Real Return Portfolio	05	2003	10.0825	10.8216	167,059
PIMCO Real Return Portfolio	05	2002	10.0000	10.0825	0
PIMCO Real Return Portfolio	06	2007	11.5437	12.5762	74,160
PIMCO Real Return Portfolio	06	2006	11.6417	11.5437	75,204
PIMCO Real Return Portfolio	06	2005	11.5815	11.6417	81,833
PIMCO Real Return Portfolio	06	2004	10.8010	11.5815	84,438
PIMCO Real Return Portfolio	06	2003	10.0787	10.8010	79,404
PIMCO Real Return Portfolio	06	2002	10.0000	10.0787	555
PIMCO Total Return Portfolio	01	2007	11.5165	12.3997	33,610
PIMCO Total Return Portfolio	01	2006	11.2011	11.5165	34,033
PIMCO Total Return Portfolio	01	2005	11.0430	11.2011	25,461
PIMCO Total Return Portfolio	01	2004	10.6346	11.0430	20,404
PIMCO Total Return Portfolio	01	2003	10.2261	10.6346	23,337
PIMCO Total Return Portfolio	01	2002	10.0000	10.2261	0
PIMCO Total Return Portfolio	02	2007	11.4425	12.3012	635,572
PIMCO Total Return Portfolio	02	2006	11.1459	11.4425	757,426
PIMCO Total Return Portfolio	02	2005	11.0053	11.1459	651,211
PIMCO Total Return Portfolio	02	2004	10.6144	11.0053	658,027
PIMCO Total Return Portfolio	02	2003	10.2222	10.6144	552,966
PIMCO Total Return Portfolio	02	2002	10.0000	10.2222	435,784
PIMCO Total Return Portfolio	03	2007	11.3934	12.2360	37,683
PIMCO Total Return Portfolio	03	2006	11.1093	11.3934	38,700
PIMCO Total Return Portfolio	03	2005	10.9802	11.1093	24,831
PIMCO Total Return Portfolio	03	2004	10.6010	10.9802	16,486
PIMCO Total Return Portfolio	03	2003	10.2196	10.6010	13,450
PIMCO Total Return Portfolio	03	2002	10.0000	10.2196	15,596
PIMCO Total Return Portfolio	04	2007	11.3689	12.2034	508,906
PIMCO Total Return Portfolio	04	2006	11.0910	11.3689	558,278
PIMCO Total Return Portfolio	04	2005	10.9676	11.0910	501,137
PIMCO Total Return Portfolio	04	2004	10.5943	10.9676	506,745
PIMCO Total Return Portfolio	04	2003	10.2183	10.5943	449,045
PIMCO Total Return Portfolio	04	2002	10.0000	10.2183	341,203
PIMCO Total Return Portfolio	05	2007	11.3200	12.1385	701,264
PIMCO Total Return Portfolio	05	2006	11.0545	11.3200	715,861
PIMCO Total Return Portfolio	05	2005	10.9426	11.0545	643,469
PIMCO Total Return Portfolio	05	2004	10.5808	10.9426	623,111
PIMCO Total Return Portfolio	05	2003	10.2157	10.5808	594,126
PIMCO Total Return Portfolio	05	2002	10.0000	10.2157	401,629
PIMCO Total Return Portfolio	06	2007	11.2470	12.0418	566,784
PIMCO Total Return Portfolio	06	2006	10.9999	11.2470	612,174
PIMCO Total Return Portfolio	06	2005	10.9051	10.9999	582,627
PIMCO Total Return Portfolio	06	2004	10.5607	10.9051	576,084
PIMCO Total Return Portfolio	06	2003	10.2118	10.5607	516,637
PIMCO Total Return Portfolio	06	2002	10.0000	10.2118	377,785
Rydex VT Nova Fund	01	2007	10.0163	10.0273	0
Rydex VT Nova Fund	01	2006	8.4823	10.0163	0
Rydex VT Nova Fund	01	2005	8.2409	8.4823	0
Rydex VT Nova Fund	01	2004	7.2624	8.2409	0
Rydex VT Nova Fund	01	2003	5.2702	7.2624	0
Rydex VT Nova Fund	01	2002	8.2825	5.2702	0
Rydex VT Nova Fund	01	2001	10.0000	8.2825	0
Rydex VT Nova Fund	02	2007	9.9305	9.9262	1,355
Rydex VT Nova Fund	02	2006	8.4223	9.9305	1,420
Rydex VT Nova Fund	02	2005	8.1951	8.4223	5,706
Rydex VT Nova Fund	02	2004	7.2330	8.1951	6,071
Rydex VT Nova Fund	02	2003	5.2568	7.2330	10,062
Rydex VT Nova Fund	02	2002	8.2741	5.2568	6,770
Rydex VT Nova Fund	02	2001	10.0000	8.2741	0
Rydex VT Nova Fund	03	2007	9.8737	9.8594	0
Rydex VT Nova Fund	03	2006	8.3826	9.8737	0
Rydex VT Nova Fund	03	2005	8.1647	8.3826	0
Rydex VT Nova Fund	03	2004	7.2135	8.1647	0
Rydex VT Nova Fund	03	2003	5.2480	7.2135	0
Rydex VT Nova Fund	03	2002	8.2685	5.2480	0
Rydex VT Nova Fund	03	2001	10.0000	8.2685	0
Rydex VT Nova Fund	04	2007	9.8454	9.8261	3,199
Rydex VT Nova Fund	04	2006	8.3628	9.8454	4,778
Rydex VT Nova Fund	04	2005	8.1495	8.3628	6,745
Rydex VT Nova Fund	04	2004	7.2037	8.1495	6,694
Rydex VT Nova Fund	04	2003	5.2435	7.2037	7,094
Rydex VT Nova Fund	04	2002	8.2657	5.2435	11,581
Rydex VT Nova Fund	04	2001	10.0000	8.2657	5,319
Rydex VT Nova Fund	05	2007	9.7889	9.7597	9,692
Rydex VT Nova Fund	05	2006	8.3232	9.7889	8,126
Rydex VT Nova Fund	05	2005	8.1191	8.3232	32,759
Rydex VT Nova Fund	05	2004	7.1842	8.1191	35,526
Rydex VT Nova Fund	05	2003	5.2346	7.1842	35,924
Rydex VT Nova Fund	05	2002	8.2600	5.2346	41,343
Rydex VT Nova Fund	05	2001	10.0000	8.2600	5,830
Rydex VT Nova Fund	06	2007	9.7048	9.6611	2,985
Rydex VT Nova Fund	06	2006	8.2643	9.7048	3,177
Rydex VT Nova Fund	06	2005	8.0738	8.2643	7,857
Rydex VT Nova Fund	06	2004	7.1550	8.0738	11,864
Rydex VT Nova Fund	06	2003	5.2213	7.1550	4,695
Rydex VT Nova Fund	06	2002	8.2516	5.2213	5,521
Rydex VT Nova Fund	06	2001	10.0000	8.2516	0
Rydex VT OTC Fund	01	2007	7.8710	9.1807	0
Rydex VT OTC Fund	01	2006	7.5164	7.8710	0
Rydex VT OTC Fund	01	2005	7.5086	7.5164	0
Rydex VT OTC Fund	01	2004	6.9363	7.5086	0
Rydex VT OTC Fund	01	2003	4.8180	6.9363	0
Rydex VT OTC Fund	01	2002	7.9591	4.8180	0
Rydex VT OTC Fund	01	2001	10.0000	7.9591	0
Rydex VT OTC Fund	02	2007	7.8035	9.0881	4,572
Rydex VT OTC Fund	02	2006	7.4632	7.8035	3,105
Rydex VT OTC Fund	02	2005	7.4668	7.4632	3,873
Rydex VT OTC Fund	02	2004	6.9082	7.4668	12,755
Rydex VT OTC Fund	02	2003	4.8058	6.9082	29,110
Rydex VT OTC Fund	02	2002	7.9510	4.8058	15,059
Rydex VT OTC Fund	02	2001	10.0000	7.9510	3,110
Rydex VT OTC Fund	03	2007	7.7589	9.0270	0
Rydex VT OTC Fund	03	2006	7.4281	7.7589	0
Rydex VT OTC Fund	03	2005	7.4391	7.4281	0
Rydex VT OTC Fund	03	2004	6.8895	7.4391	0
Rydex VT OTC Fund	03	2003	4.7977	6.8895	0
Rydex VT OTC Fund	03	2002	7.9456	4.7977	0
Rydex VT OTC Fund	03	2001	10.0000	7.9456	0
Rydex VT OTC Fund	04	2007	7.7367	8.9965	2,541
Rydex VT OTC Fund	04	2006	7.4105	7.7367	2,577
Rydex VT OTC Fund	04	2005	7.4252	7.4105	11,618
Rydex VT OTC Fund	04	2004	6.8802	7.4252	11,602
Rydex VT OTC Fund	04	2003	4.7936	6.8802	17,817
Rydex VT OTC Fund	04	2002	7.9429	4.7936	16,100
Rydex VT OTC Fund	04	2001	10.0000	7.9429	12,073
Rydex VT OTC Fund	05	2007	7.6923	8.9358	10,823
Rydex VT OTC Fund	05	2006	7.3754	7.6923	16,455
Rydex VT OTC Fund	05	2005	7.3976	7.3754	24,151
Rydex VT OTC Fund	05	2004	6.8616	7.3976	29,457
Rydex VT OTC Fund	05	2003	4.7855	6.8616	38,975
Rydex VT OTC Fund	05	2002	7.9374	4.7855	53,754
Rydex VT OTC Fund	05	2001	10.0000	7.9374	112,079
Rydex VT OTC Fund	06	2007	7.6262	8.8454	5,158
Rydex VT OTC Fund	06	2006	7.3232	7.6262	5,289
Rydex VT OTC Fund	06	2005	7.3563	7.3232	5,343
Rydex VT OTC Fund	06	2004	6.8337	7.3563	17,160
Rydex VT OTC Fund	06	2003	4.7733	6.8337	23,222
Rydex VT OTC Fund	06	2002	7.9293	4.7733	26,765
Rydex VT OTC Fund	06	2001	10.0000	7.9293	17,936
SC FI Large Cap Growth Fund	01	2007	10.0000	10.1479	0
SC FI Large Cap Growth Fund	02	2007	10.0000	10.1374	83,832
SC FI Large Cap Growth Fund	03	2007	10.0000	10.1305	0
SC FI Large Cap Growth Fund	04	2007	10.0000	10.1270	38,035
SC FI Large Cap Growth Fund	05	2007	10.0000	10.1200	82,384
SC FI Large Cap Growth Fund	06	2007	10.0000	10.1095	84,563
SC FI Large Cap Growth Fund (I class)	01	2007	10.0000	10.1670	0
SC FI Large Cap Growth Fund (I class)	02	2007	10.0000	10.1565	91,298
SC FI Large Cap Growth Fund (I class)	03	2007	10.0000	10.1495	12,758
SC FI Large Cap Growth Fund (I class)	04	2007	10.0000	10.1460	134,931
SC FI Large Cap Growth Fund (I class)	05	2007	10.0000	10.1390	249,434
SC FI Large Cap Growth Fund (I class)	06	2007	10.0000	10.1285	79,048
SC Oppenheimer Main Street Small Cap Fund	01	2007	19.6338	19.1562	0
SC Oppenheimer Main Street Small Cap Fund	01	2006	17.4576	19.6338	0
SC Oppenheimer Main Street Small Cap Fund	01	2005	16.9015	17.4576	0
SC Oppenheimer Main Street Small Cap Fund	01	2004	14.4157	16.9015	0
SC Oppenheimer Main Street Small Cap Fund	01	2003	10.2818	14.4157	2,731
SC Oppenheimer Main Street Small Cap Fund	01	2002	13.0838	10.2818	0
SC Oppenheimer Main Street Small Cap Fund	01	2001	12.1342	13.0838	0
SC Oppenheimer Main Street Small Cap Fund	01	2000	10.0000	12.1342	0
SC Oppenheimer Main Street Small Cap Fund	02	2007	19.4423	18.9404	299,802
SC Oppenheimer Main Street Small Cap Fund	02	2006	17.3136	19.4423	334,824
SC Oppenheimer Main Street Small Cap Fund	02	2005	16.7874	17.3136	369,237
SC Oppenheimer Main Street Small Cap Fund	02	2004	14.3402	16.7874	384,245
SC Oppenheimer Main Street Small Cap Fund	02	2003	10.2435	14.3402	413,905
SC Oppenheimer Main Street Small Cap Fund	02	2002	13.0549	10.2435	446,909
SC Oppenheimer Main Street Small Cap Fund	02	2001	12.1259	13.0549	169,141
SC Oppenheimer Main Street Small Cap Fund	02	2000	10.0000	12.1259	0
SC Oppenheimer Main Street Small Cap Fund	03	2007	19.3158	18.7981	43,720
SC Oppenheimer Main Street Small Cap Fund	03	2006	17.2183	19.3158	41,621
SC Oppenheimer Main Street Small Cap Fund	03	2005	16.7118	17.2183	35,297
SC Oppenheimer Main Street Small Cap Fund	03	2004	14.2901	16.7118	30,491
SC Oppenheimer Main Street Small Cap Fund	03	2003	10.2180	14.2901	30,357
SC Oppenheimer Main Street Small Cap Fund	03	2002	13.0356	10.2180	28,628
SC Oppenheimer Main Street Small Cap Fund	03	2001	12.1204	13.0356	13,236
SC Oppenheimer Main Street Small Cap Fund	03	2000	10.0000	12.1204	0
SC Oppenheimer Main Street Small Cap Fund	04	2007	19.2527	18.7271	317,979
SC Oppenheimer Main Street Small Cap Fund	04	2006	17.1707	19.2527	357,970
SC Oppenheimer Main Street Small Cap Fund	04	2005	16.6741	17.1707	387,038
SC Oppenheimer Main Street Small Cap Fund	04	2004	14.2651	16.6741	392,572
SC Oppenheimer Main Street Small Cap Fund	04	2003	10.2053	14.2651	406,711
SC Oppenheimer Main Street Small Cap Fund	04	2002	13.0260	10.2053	429,230
SC Oppenheimer Main Street Small Cap Fund	04	2001	12.1176	13.0260	180,163
SC Oppenheimer Main Street Small Cap Fund	04	2000	10.0000	12.1176	0
SC Oppenheimer Main Street Small Cap Fund	05	2007	19.1270	18.5858	379,026
SC Oppenheimer Main Street Small Cap Fund	05	2006	17.0759	19.1270	422,042
SC Oppenheimer Main Street Small Cap Fund	05	2005	16.5988	17.0759	451,242
SC Oppenheimer Main Street Small Cap Fund	05	2004	14.2151	16.5988	456,198
SC Oppenheimer Main Street Small Cap Fund	05	2003	10.1798	14.2151	471,018
SC Oppenheimer Main Street Small Cap Fund	05	2002	13.0067	10.1798	496,050
SC Oppenheimer Main Street Small Cap Fund	05	2001	12.1121	13.0067	183,766
SC Oppenheimer Main Street Small Cap Fund	05	2000	10.0000	12.1121	0
SC Oppenheimer Main Street Small Cap Fund	06	2007	18.9401	18.3760	334,107
SC Oppenheimer Main Street Small Cap Fund	06	2006	16.9347	18.9401	342,177
SC Oppenheimer Main Street Small Cap Fund	06	2005	16.4865	16.9347	354,459
SC Oppenheimer Main Street Small Cap Fund	06	2004	14.1405	16.4865	371,710
SC Oppenheimer Main Street Small Cap Fund	06	2003	10.1418	14.1405	369,576
SC Oppenheimer Main Street Small Cap Fund	06	2002	12.9779	10.1418	409,777
SC Oppenheimer Main Street Small Cap Fund	06	2001	12.1038	12.9779	94,795
SC Oppenheimer Main Street Small Cap Fund	06	2000	10.0000	12.1038	0
Sun Capital All Cap Fund	01	2007	15.8229	14.7541	0
Sun Capital All Cap Fund	01	2006	13.3105	15.8229	0
Sun Capital All Cap Fund	01	2005	13.5413	13.3105	0
Sun Capital All Cap Fund	01	2004	11.3619	13.5413	0
Sun Capital All Cap Fund	01	2003	7.5065	11.3619	0
Sun Capital All Cap Fund	01	2002	10.0000	7.5065	0
Sun Capital All Cap Fund	02	2007	15.7112	14.6275	10,400
Sun Capital All Cap Fund	02	2006	13.2365	15.7112	14,610
Sun Capital All Cap Fund	02	2005	13.4865	13.2365	14,975
Sun Capital All Cap Fund	02	2004	11.3331	13.4865	39,670
Sun Capital All Cap Fund	02	2003	7.4989	11.3331	40,533
Sun Capital All Cap Fund	02	2002	10.0000	7.4989	0
Sun Capital All Cap Fund	03	2007	15.6372	14.5439	0
Sun Capital All Cap Fund	03	2006	13.1874	15.6372	0
Sun Capital All Cap Fund	03	2005	13.4500	13.1874	0
Sun Capital All Cap Fund	03	2004	11.3140	13.4500	0
Sun Capital All Cap Fund	03	2003	7.4938	11.3140	0
Sun Capital All Cap Fund	03	2002	10.0000	7.4938	0
Sun Capital All Cap Fund	04	2007	15.6002	14.5021	10,784
Sun Capital All Cap Fund	04	2006	13.1629	15.6002	15,246
Sun Capital All Cap Fund	04	2005	13.4318	13.1629	15,788
Sun Capital All Cap Fund	04	2004	11.3044	13.4318	22,725
Sun Capital All Cap Fund	04	2003	7.4912	11.3044	3,388
Sun Capital All Cap Fund	04	2002	10.0000	7.4912	499
Sun Capital All Cap Fund	05	2007	15.5265	14.4188	32,650
Sun Capital All Cap Fund	05	2006	13.1140	15.5265	14,459
Sun Capital All Cap Fund	05	2005	13.3954	13.1140	17,998
Sun Capital All Cap Fund	05	2004	11.2852	13.3954	23,955
Sun Capital All Cap Fund	05	2003	7.4861	11.2852	8,283
Sun Capital All Cap Fund	05	2002	10.0000	7.4861	838
Sun Capital All Cap Fund	06	2007	15.4166	14.2948	9,054
Sun Capital All Cap Fund	06	2006	13.0409	15.4166	4,086
Sun Capital All Cap Fund	06	2005	13.3410	13.0409	6,104
Sun Capital All Cap Fund	06	2004	11.2566	13.3410	8,509
Sun Capital All Cap Fund	06	2003	7.4784	11.2566	1,420
Sun Capital All Cap Fund	06	2002	10.0000	7.4784	0
Sun Capital Blue Chip Mid	01	2007	15.2606	17.4347	3,936
Sun Capital Blue Chip Mid	01	2006	13.8498	15.2606	3,936
Sun Capital Blue Chip Mid	01	2005	11.9967	13.8498	3,936
Sun Capital Blue Chip Mid	01	2004	10.4338	11.9967	14,095
Sun Capital Blue Chip Mid	01	2003	7.7439	10.4338	17,032
Sun Capital Blue Chip Mid	01	2002	9.1919	7.7439	28,554
Sun Capital Blue Chip Mid	01	2001	9.5985	9.1919	14,095
Sun Capital Blue Chip Mid	01	2000	10.0000	9.5985	0
Sun Capital Blue Chip Mid	02	2007	15.1118	17.2382	317,156
Sun Capital Blue Chip Mid	02	2006	13.7355	15.1118	368,293
Sun Capital Blue Chip Mid	02	2005	11.9157	13.7355	405,391
Sun Capital Blue Chip Mid	02	2004	10.3791	11.9157	516,383
Sun Capital Blue Chip Mid	02	2003	7.7150	10.3791	528,078
Sun Capital Blue Chip Mid	02	2002	9.1716	7.7150	583,039
Sun Capital Blue Chip Mid	02	2001	9.5919	9.1716	442,707
Sun Capital Blue Chip Mid	02	2000	10.0000	9.5919	0
Sun Capital Blue Chip Mid	03	2007	15.0135	17.1087	62,500
Sun Capital Blue Chip Mid	03	2006	13.6599	15.0135	66,025
Sun Capital Blue Chip Mid	03	2005	11.8621	13.6599	66,234
Sun Capital Blue Chip Mid	03	2004	10.3429	11.8621	65,649
Sun Capital Blue Chip Mid	03	2003	7.6958	10.3429	65,366
Sun Capital Blue Chip Mid	03	2002	9.1580	7.6958	73,398
Sun Capital Blue Chip Mid	03	2001	9.5875	9.1580	108,912
Sun Capital Blue Chip Mid	03	2000	10.0000	9.5875	0
Sun Capital Blue Chip Mid	04	2007	14.9644	17.0441	420,373
Sun Capital Blue Chip Mid	04	2006	13.6221	14.9644	515,910
Sun Capital Blue Chip Mid	04	2005	11.8352	13.6221	567,089
Sun Capital Blue Chip Mid	04	2004	10.3247	11.8352	638,728
Sun Capital Blue Chip Mid	04	2003	7.6862	10.3247	671,324
Sun Capital Blue Chip Mid	04	2002	9.1513	7.6862	687,322
Sun Capital Blue Chip Mid	04	2001	9.5853	9.1513	582,451
Sun Capital Blue Chip Mid	04	2000	10.0000	9.5853	0
Sun Capital Blue Chip Mid	05	2007	14.8667	16.9156	539,669
Sun Capital Blue Chip Mid	05	2006	13.5469	14.8667	737,853
Sun Capital Blue Chip Mid	05	2005	11.7818	13.5469	855,021
Sun Capital Blue Chip Mid	05	2004	10.2886	11.7818	884,960
Sun Capital Blue Chip Mid	05	2003	7.6671	10.2886	837,386
Sun Capital Blue Chip Mid	05	2002	9.1377	7.6671	875,908
Sun Capital Blue Chip Mid	05	2001	9.5809	9.1377	686,606
Sun Capital Blue Chip Mid	05	2000	10.0000	9.5809	0
Sun Capital Blue Chip Mid	06	2007	14.7213	16.7245	339,891
Sun Capital Blue Chip Mid	06	2006	13.4348	14.7213	418,251
Sun Capital Blue Chip Mid	06	2005	11.7021	13.4348	436,134
Sun Capital Blue Chip Mid	06	2004	10.2345	11.7021	465,399
Sun Capital Blue Chip Mid	06	2003	7.6384	10.2345	482,661
Sun Capital Blue Chip Mid	06	2002	9.1174	7.6384	501,520
Sun Capital Blue Chip Mid	06	2001	9.5743	9.1174	274,201
Sun Capital Blue Chip Mid	06	2000	10.0000	9.5743	0
Sun Capital Davis Venture Value Fund	01	2007	12.7785	13.1856	38,700
Sun Capital Davis Venture Value Fund	01	2006	11.2465	12.7785	38,292
Sun Capital Davis Venture Value Fund	01	2005	10.3528	11.2465	12,854
Sun Capital Davis Venture Value Fund	01	2004	9.2995	10.3528	0
Sun Capital Davis Venture Value Fund	01	2003	7.1978	9.2995	32,686
Sun Capital Davis Venture Value Fund	01	2002	8.6822	7.1978	56,937
Sun Capital Davis Venture Value Fund	01	2001	9.8112	8.6822	10,218
Sun Capital Davis Venture Value Fund	01	2000	10.0000	9.8112	0
Sun Capital Davis Venture Value Fund	02	2007	12.6539	13.0371	385,302
Sun Capital Davis Venture Value Fund	02	2006	11.1537	12.6539	488,947
Sun Capital Davis Venture Value Fund	02	2005	10.2829	11.1537	455,186
Sun Capital Davis Venture Value Fund	02	2004	9.2508	10.2829	485,930
Sun Capital Davis Venture Value Fund	02	2003	7.1710	9.2508	500,358
Sun Capital Davis Venture Value Fund	02	2002	8.6630	7.1710	497,480
Sun Capital Davis Venture Value Fund	02	2001	9.8044	8.6630	427,069
Sun Capital Davis Venture Value Fund	02	2000	10.0000	9.8044	0
Sun Capital Davis Venture Value Fund	03	2007	12.5716	12.9391	41,570
Sun Capital Davis Venture Value Fund	03	2006	11.0923	12.5716	42,386
Sun Capital Davis Venture Value Fund	03	2005	10.2366	11.0923	27,686
Sun Capital Davis Venture Value Fund	03	2004	9.2185	10.2366	27,686
Sun Capital Davis Venture Value Fund	03	2003	7.1532	9.2185	40,912
Sun Capital Davis Venture Value Fund	03	2002	8.6502	7.1532	27,901
Sun Capital Davis Venture Value Fund	03	2001	9.8000	8.6502	28,030
Sun Capital Davis Venture Value Fund	03	2000	10.0000	9.8000	0
Sun Capital Davis Venture Value Fund	04	2007	12.5305	12.8903	324,974
Sun Capital Davis Venture Value Fund	04	2006	11.0616	12.5305	376,088
Sun Capital Davis Venture Value Fund	04	2005	10.2134	11.0616	405,132
Sun Capital Davis Venture Value Fund	04	2004	9.2023	10.2134	446,357
Sun Capital Davis Venture Value Fund	04	2003	7.1442	9.2023	442,469
Sun Capital Davis Venture Value Fund	04	2002	8.6438	7.1442	441,339
Sun Capital Davis Venture Value Fund	04	2001	9.7977	8.6438	335,924
Sun Capital Davis Venture Value Fund	04	2000	10.0000	9.7977	0
Sun Capital Davis Venture Value Fund	05	2007	12.4487	12.7931	640,946
Sun Capital Davis Venture Value Fund	05	2006	11.0005	12.4487	995,889
Sun Capital Davis Venture Value Fund	05	2005	10.1673	11.0005	852,629
Sun Capital Davis Venture Value Fund	05	2004	9.1701	10.1673	846,714
Sun Capital Davis Venture Value Fund	05	2003	7.1264	9.1701	841,420
Sun Capital Davis Venture Value Fund	05	2002	8.6311	7.1264	862,211
Sun Capital Davis Venture Value Fund	05	2001	9.7932	8.6311	841,885
Sun Capital Davis Venture Value Fund	05	2000	10.0000	9.7932	0
Sun Capital Davis Venture Value Fund	06	2007	12.3269	12.6486	508,010
Sun Capital Davis Venture Value Fund	06	2006	10.9095	12.3269	583,378
Sun Capital Davis Venture Value Fund	06	2005	10.0985	10.9095	657,608
Sun Capital Davis Venture Value Fund	06	2004	9.1219	10.0985	653,578
Sun Capital Davis Venture Value Fund	06	2003	7.0998	9.1219	637,190
Sun Capital Davis Venture Value Fund	06	2002	8.6119	7.0998	653,691
Sun Capital Davis Venture Value Fund	06	2001	9.7865	8.6119	488,789
Sun Capital Davis Venture Value Fund	06	2000	10.0000	9.7865	0
Sun Capital Investment Grade Bond Fund	01	2007	14.0977	14.4808	0
Sun Capital Investment Grade Bond Fund	01	2006	13.5093	14.0977	0
Sun Capital Investment Grade Bond Fund	01	2005	13.3826	13.5093	0
Sun Capital Investment Grade Bond Fund	01	2004	12.7024	13.3826	0
Sun Capital Investment Grade Bond Fund	01	2003	11.7014	12.7024	0
Sun Capital Investment Grade Bond Fund	01	2002	11.2354	11.7014	0
Sun Capital Investment Grade Bond Fund	01	2001	10.5833	11.2354	0
Sun Capital Investment Grade Bond Fund	01	2000	10.0000	10.5833	0
Sun Capital Investment Grade Bond Fund	02	2007	13.9602	14.3177	202,445
Sun Capital Investment Grade Bond Fund	02	2006	13.3978	13.9602	217,558
Sun Capital Investment Grade Bond Fund	02	2005	13.2922	13.3978	237,275
Sun Capital Investment Grade Bond Fund	02	2004	12.6359	13.2922	274,675
Sun Capital Investment Grade Bond Fund	02	2003	11.6578	12.6359	345,127
Sun Capital Investment Grade Bond Fund	02	2002	11.2105	11.6578	508,675
Sun Capital Investment Grade Bond Fund	02	2001	10.5760	11.2105	534,772
Sun Capital Investment Grade Bond Fund	02	2000	10.0000	10.5760	0
Sun Capital Investment Grade Bond Fund	03	2007	13.8694	14.2101	0
Sun Capital Investment Grade Bond Fund	03	2006	13.3241	13.8694	0
Sun Capital Investment Grade Bond Fund	03	2005	13.2324	13.3241	0
Sun Capital Investment Grade Bond Fund	03	2004	12.5918	13.2324	0
Sun Capital Investment Grade Bond Fund	03	2003	11.6288	12.5918	0
Sun Capital Investment Grade Bond Fund	03	2002	11.1940	11.6288	0
Sun Capital Investment Grade Bond Fund	03	2001	10.5712	11.1940	22,983
Sun Capital Investment Grade Bond Fund	03	2000	10.0000	10.5712	0
Sun Capital Investment Grade Bond Fund	04	2007	13.8241	14.1565	251,343
Sun Capital Investment Grade Bond Fund	04	2006	13.2873	13.8241	253,041
Sun Capital Investment Grade Bond Fund	04	2005	13.2025	13.2873	323,678
Sun Capital Investment Grade Bond Fund	04	2004	12.5698	13.2025	404,628
Sun Capital Investment Grade Bond Fund	04	2003	11.6144	12.5698	495,556
Sun Capital Investment Grade Bond Fund	04	2002	11.1858	11.6144	543,428
Sun Capital Investment Grade Bond Fund	04	2001	10.5687	11.1858	677,167
Sun Capital Investment Grade Bond Fund	04	2000	10.0000	10.5687	0
Sun Capital Investment Grade Bond Fund	05	2007	13.7338	14.0497	258,897
Sun Capital Investment Grade Bond Fund	05	2006	13.2139	13.7338	259,055
Sun Capital Investment Grade Bond Fund	05	2005	13.1429	13.2139	320,465
Sun Capital Investment Grade Bond Fund	05	2004	12.5257	13.1429	379,763
Sun Capital Investment Grade Bond Fund	05	2003	11.5854	12.5257	446,915
Sun Capital Investment Grade Bond Fund	05	2002	11.1692	11.5854	515,556
Sun Capital Investment Grade Bond Fund	05	2001	10.5639	11.1692	712,078
Sun Capital Investment Grade Bond Fund	05	2000	10.0000	10.5639	0
Sun Capital Investment Grade Bond Fund	06	2007	13.5996	13.8911	192,987
Sun Capital Investment Grade Bond Fund	06	2006	13.1046	13.5996	209,432
Sun Capital Investment Grade Bond Fund	06	2005	13.0540	13.1046	263,754
Sun Capital Investment Grade Bond Fund	06	2004	12.4600	13.0540	294,705
Sun Capital Investment Grade Bond Fund	06	2003	11.5422	12.4600	372,349
Sun Capital Investment Grade Bond Fund	06	2002	11.1445	11.5422	390,314
Sun Capital Investment Grade Bond Fund	06	2001	10.5566	11.1445	441,905
Sun Capital Investment Grade Bond Fund	06	2000	10.0000	10.5566	0
Sun Capital Money Market Fund	01	2007	10.9854	11.4053	0
Sun Capital Money Market Fund	01	2006	10.6080	10.9854	0
Sun Capital Money Market Fund	01	2005	10.4273	10.6080	0
Sun Capital Money Market Fund	01	2004	10.4559	10.4273	26,471
Sun Capital Money Market Fund	01	2003	10.5037	10.4559	26,471
Sun Capital Money Market Fund	01	2002	10.4918	10.5037	29,609
Sun Capital Money Market Fund	01	2001	10.2309	10.4918	16,107
Sun Capital Money Market Fund	01	2000	10.0000	10.2309	0
Sun Capital Money Market Fund	02	2007	10.8782	11.2768	539,333
Sun Capital Money Market Fund	02	2006	10.5204	10.8782	470,881
Sun Capital Money Market Fund	02	2005	10.3569	10.5204	570,018
Sun Capital Money Market Fund	02	2004	10.4011	10.3569	796,964
Sun Capital Money Market Fund	02	2003	10.4646	10.4011	983,164
Sun Capital Money Market Fund	02	2002	10.4686	10.4646	1,930,815
Sun Capital Money Market Fund	02	2001	10.2239	10.4686	1,065,639
Sun Capital Money Market Fund	02	2000	10.0000	10.2239	0
Sun Capital Money Market Fund	03	2007	10.8075	11.1920	17,655
Sun Capital Money Market Fund	03	2006	10.4625	10.8075	17,667
Sun Capital Money Market Fund	03	2005	10.3103	10.4625	23,772
Sun Capital Money Market Fund	03	2004	10.3648	10.3103	23,772
Sun Capital Money Market Fund	03	2003	10.4386	10.3648	0
Sun Capital Money Market Fund	03	2002	10.4532	10.4386	57,278
Sun Capital Money Market Fund	03	2001	10.2193	10.4532	18,208
Sun Capital Money Market Fund	03	2000	10.0000	10.2193	0
Sun Capital Money Market Fund	04	2007	10.7722	11.1498	570,058
Sun Capital Money Market Fund	04	2006	10.4336	10.7722	504,052
Sun Capital Money Market Fund	04	2005	10.2870	10.4336	593,436
Sun Capital Money Market Fund	04	2004	10.3466	10.2870	702,235
Sun Capital Money Market Fund	04	2003	10.4256	10.3466	571,525
Sun Capital Money Market Fund	04	2002	10.4454	10.4256	971,091
Sun Capital Money Market Fund	04	2001	10.2169	10.4454	703,047
Sun Capital Money Market Fund	04	2000	10.0000	10.2169	0
Sun Capital Money Market Fund	05	2007	10.7019	11.0657	674,522
Sun Capital Money Market Fund	05	2006	10.3760	10.7019	580,962
Sun Capital Money Market Fund	05	2005	10.2406	10.3760	763,880
Sun Capital Money Market Fund	05	2004	10.3104	10.2406	1,055,299
Sun Capital Money Market Fund	05	2003	10.3996	10.3104	975,068
Sun Capital Money Market Fund	05	2002	10.4300	10.3996	1,718,800
Sun Capital Money Market Fund	05	2001	10.2122	10.4300	1,364,950
Sun Capital Money Market Fund	05	2000	10.0000	10.2122	0
Sun Capital Money Market Fund	06	2007	10.5972	10.9408	467,461
Sun Capital Money Market Fund	06	2006	10.2902	10.5972	517,923
Sun Capital Money Market Fund	06	2005	10.1713	10.2902	556,021
Sun Capital Money Market Fund	06	2004	10.2563	10.1713	737,489
Sun Capital Money Market Fund	06	2003	10.3608	10.2563	528,825
Sun Capital Money Market Fund	06	2002	10.4069	10.3608	768,413
Sun Capital Money Market Fund	06	2001	10.2052	10.4069	354,368
Sun Capital Money Market Fund	06	2000	10.0000	10.2052	0
Sun Capital Real Estate Fund	01	2007	32.7292	28.1451	0
Sun Capital Real Estate Fund	01	2006	23.7892	32.7292	0
Sun Capital Real Estate Fund	01	2005	21.9100	23.7892	0
Sun Capital Real Estate Fund	01	2004	16.6006	21.9100	0
Sun Capital Real Estate Fund	01	2003	12.3343	16.6006	1,575
Sun Capital Real Estate Fund	01	2002	11.9687	12.3343	0
Sun Capital Real Estate Fund	01	2001	10.7410	11.9687	0
Sun Capital Real Estate Fund	01	2000	10.0000	10.7410	0
Sun Capital Real Estate Fund	02	2007	32.4101	27.8281	176,994
Sun Capital Real Estate Fund	02	2006	23.5930	32.4101	201,810
Sun Capital Real Estate Fund	02	2005	21.7622	23.5930	289,003
Sun Capital Real Estate Fund	02	2004	16.5137	21.7622	315,129
Sun Capital Real Estate Fund	02	2003	12.2884	16.5137	354,191
Sun Capital Real Estate Fund	02	2002	11.9422	12.2884	382,229
Sun Capital Real Estate Fund	02	2001	10.7336	11.9422	168,551
Sun Capital Real Estate Fund	02	2000	10.0000	10.7336	0
Sun Capital Real Estate Fund	03	2007	32.1994	27.6191	15,936
Sun Capital Real Estate Fund	03	2006	23.4632	32.1994	13,522
Sun Capital Real Estate Fund	03	2005	21.6644	23.4632	12,711
Sun Capital Real Estate Fund	03	2004	16.4561	21.6644	10,881
Sun Capital Real Estate Fund	03	2003	12.2579	16.4561	18,591
Sun Capital Real Estate Fund	03	2002	11.9246	12.2579	18,840
Sun Capital Real Estate Fund	03	2001	10.7287	11.9246	2,593
Sun Capital Real Estate Fund	03	2000	10.0000	10.7287	0
Sun Capital Real Estate Fund	04	2007	32.0942	27.5148	167,562
Sun Capital Real Estate Fund	04	2006	23.3984	32.0942	192,041
Sun Capital Real Estate Fund	04	2005	21.6154	23.3984	234,034
Sun Capital Real Estate Fund	04	2004	16.4273	21.6154	255,930
Sun Capital Real Estate Fund	04	2003	12.2426	16.4273	290,881
Sun Capital Real Estate Fund	04	2002	11.9158	12.2426	314,174
Sun Capital Real Estate Fund	04	2001	10.7262	11.9158	165,018
Sun Capital Real Estate Fund	04	2000	10.0000	10.7262	0
Sun Capital Real Estate Fund	05	2007	31.8848	27.3074	223,239
Sun Capital Real Estate Fund	05	2006	23.2692	31.8848	262,660
Sun Capital Real Estate Fund	05	2005	21.5178	23.2692	285,038
Sun Capital Real Estate Fund	05	2004	16.3698	21.5178	300,114
Sun Capital Real Estate Fund	05	2003	12.2121	16.3698	353,495
Sun Capital Real Estate Fund	05	2002	11.8982	12.2121	353,609
Sun Capital Real Estate Fund	05	2001	10.7213	11.8982	156,630
Sun Capital Real Estate Fund	05	2000	10.0000	10.7213	0
Sun Capital Real Estate Fund	06	2007	31.5732	26.9992	205,499
Sun Capital Real Estate Fund	06	2006	23.0768	31.5732	200,256
Sun Capital Real Estate Fund	06	2005	21.3723	23.0768	239,175
Sun Capital Real Estate Fund	06	2004	16.2839	21.3723	249,843
Sun Capital Real Estate Fund	06	2003	12.1665	16.2839	281,742
Sun Capital Real Estate Fund	06	2002	11.8718	12.1665	299,271
Sun Capital Real Estate Fund	06	2001	10.7139	11.8718	78,540
Sun Capital Real Estate Fund	06	2000	10.0000	10.7139	0
Templeton Foreign Securities Fund Class 2	01	2007	21.0751	24.0882	7,603
Templeton Foreign Securities Fund Class 2	01	2006	17.5284	21.0751	8,198
Templeton Foreign Securities Fund Class 2	01	2005	16.0707	17.5284	8,975
Templeton Foreign Securities Fund Class 2	01	2004	13.6958	16.0707	9,599
Templeton Foreign Securities Fund Class 2	01	2003	10.4634	13.6958	10,289
Templeton Foreign Securities Fund Class 2	01	2002	10.0000	10.4634	0
Templeton Foreign Securities Fund Class 2	02	2007	20.9397	23.8969	21,697
Templeton Foreign Securities Fund Class 2	02	2006	17.4421	20.9397	34,014
Templeton Foreign Securities Fund Class 2	02	2005	16.0158	17.4421	26,853
Templeton Foreign Securities Fund Class 2	02	2004	13.6698	16.0158	25,124
Templeton Foreign Securities Fund Class 2	02	2003	10.4594	13.6698	10,033
Templeton Foreign Securities Fund Class 2	02	2002	10.0000	10.4594	22,607
Templeton Foreign Securities Fund Class 2	03	2007	20.8500	23.7704	0
Templeton Foreign Securities Fund Class 2	03	2006	17.3849	20.8500	0
Templeton Foreign Securities Fund Class 2	03	2005	15.9794	17.3849	0
Templeton Foreign Securities Fund Class 2	03	2004	13.6525	15.9794	0
Templeton Foreign Securities Fund Class 2	03	2003	10.4568	13.6525	0
Templeton Foreign Securities Fund Class 2	03	2002	10.0000	10.4568	0
Templeton Foreign Securities Fund Class 2	04	2007	20.8051	23.7071	28,671
Templeton Foreign Securities Fund Class 2	04	2006	17.3563	20.8051	24,593
Templeton Foreign Securities Fund Class 2	04	2005	15.9611	17.3563	21,152
Templeton Foreign Securities Fund Class 2	04	2004	13.6439	15.9611	12,039
Templeton Foreign Securities Fund Class 2	04	2003	10.4554	13.6439	9,499
Templeton Foreign Securities Fund Class 2	04	2002	10.0000	10.4554	2,867
Templeton Foreign Securities Fund Class 2	05	2007	20.7156	23.5811	30,030
Templeton Foreign Securities Fund Class 2	05	2006	17.2991	20.7156	72,497
Templeton Foreign Securities Fund Class 2	05	2005	15.9247	17.2991	48,818
Templeton Foreign Securities Fund Class 2	05	2004	13.6265	15.9247	42,168
Templeton Foreign Securities Fund Class 2	05	2003	10.4527	13.6265	32,566
Templeton Foreign Securities Fund Class 2	05	2002	10.0000	10.4527	0
Templeton Foreign Securities Fund Class 2	06	2007	20.5822	23.3934	31,652
Templeton Foreign Securities Fund Class 2	06	2006	17.2138	20.5822	33,763
Templeton Foreign Securities Fund Class 2	06	2005	15.8702	17.2138	29,446
Templeton Foreign Securities Fund Class 2	06	2004	13.6006	15.8702	20,215
Templeton Foreign Securities Fund Class 2	06	2003	10.4487	13.6006	10,909
Templeton Foreign Securities Fund Class 2	06	2002	10.0000	10.4487	0
Templeton Growth Securities Fund Class 2	01	2007	20.7083	20.9813	0
Templeton Growth Securities Fund Class 2	01	2006	17.1719	20.7083	0
Templeton Growth Securities Fund Class 2	01	2005	15.9327	17.1719	0
Templeton Growth Securities Fund Class 2	01	2004	13.8710	15.9327	0
Templeton Growth Securities Fund Class 2	01	2003	10.6035	13.8710	0
Templeton Growth Securities Fund Class 2	01	2002	10.0000	10.6035	0
Templeton Growth Securities Fund Class 2	02	2007	20.5752	20.8147	12,519
Templeton Growth Securities Fund Class 2	02	2006	17.0874	20.5752	22,738
Templeton Growth Securities Fund Class 2	02	2005	15.8783	17.0874	13,653
Templeton Growth Securities Fund Class 2	02	2004	13.8447	15.8783	5,956
Templeton Growth Securities Fund Class 2	02	2003	10.5994	13.8447	2,281
Templeton Growth Securities Fund Class 2	02	2002	10.0000	10.5994	158
Templeton Growth Securities Fund Class 2	03	2007	20.4871	20.7045	0
Templeton Growth Securities Fund Class 2	03	2006	17.0314	20.4871	0
Templeton Growth Securities Fund Class 2	03	2005	15.8422	17.0314	0
Templeton Growth Securities Fund Class 2	03	2004	13.8272	15.8422	0
Templeton Growth Securities Fund Class 2	03	2003	10.5967	13.8272	0
Templeton Growth Securities Fund Class 2	03	2002	10.0000	10.5967	0
Templeton Growth Securities Fund Class 2	04	2007	20.4430	20.6494	18,965
Templeton Growth Securities Fund Class 2	04	2006	17.0033	20.4430	17,658
Templeton Growth Securities Fund Class 2	04	2005	15.8241	17.0033	7,246
Templeton Growth Securities Fund Class 2	04	2004	13.8184	15.8241	7,481
Templeton Growth Securities Fund Class 2	04	2003	10.5954	13.8184	0
Templeton Growth Securities Fund Class 2	04	2002	10.0000	10.5954	0
Templeton Growth Securities Fund Class 2	05	2007	20.3551	20.5396	71,993
Templeton Growth Securities Fund Class 2	05	2006	16.9474	20.3551	75,252
Templeton Growth Securities Fund Class 2	05	2005	15.7879	16.9474	47,458
Templeton Growth Securities Fund Class 2	05	2004	13.8009	15.7879	33,136
Templeton Growth Securities Fund Class 2	05	2003	10.5927	13.8009	11,111
Templeton Growth Securities Fund Class 2	05	2002	10.0000	10.5927	1,118
Templeton Growth Securities Fund Class 2	06	2007	20.2240	20.3761	26,400
Templeton Growth Securities Fund Class 2	06	2006	16.8637	20.2240	22,642
Templeton Growth Securities Fund Class 2	06	2005	15.7339	16.8637	18,787
Templeton Growth Securities Fund Class 2	06	2004	13.7746	15.7339	11,473
Templeton Growth Securities Fund Class 2	06	2003	10.5886	13.7746	843
Templeton Growth Securities Fund Class 2	06	2002	10.0000	10.5886	0

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

P.O. Box 9133

Wellesley Hills, Massachusetts 02481

Telephone:

Toll Free (800) 752-7215

General Distributor

Clarendon Insurance Agency, Inc.

One Sun Life Executive Park

Wellesley Hills, Massachusetts 02481

PART B

MAY 1, 2008

FUTURITY III

AND

REGATTA CHOICE

VARIABLE AND FIXED ANNUITY

STATEMENT OF ADDITIONAL INFORMATION

SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F

TABLE OF CONTENTS

Sun Life Assurance Company of Canada (U.S.)

Advertising and Sales Literature

Tax Deferred Accumulation

Calculations

     Example of Variable Accumulation Unit Value Calculation

     Example of Variable Annuity Unit Calculation

     Example of Variable Annuity Payment Calculation

Distribution of the Contract

Custodian

Independent Registered Public Accounting Firm

Financial Statements

The Statement of Additional Information sets forth information which may be of interest to prospective purchasers of the Futurity III Variable and Fixed Annuity Contract and the Regatta Choice Variable and Fixed Annuity Contract (the "Contracts") issued by Sun Life Assurance Company of Canada (U.S.) (the "Company") in connection with Sun Life of Canada (U.S.) Variable Account F (the "Variable Account") which is not included in the corresponding Prospectus dated May 1, 2008.  This Statement of Additional Information should be read in conjunction with the Prospectus, a copy of which may be obtained without charge from the Company by writing to Sun Life Assurance Company of Canada (U.S.), c/o Annuity Division, P.O. Box 9133, Wellesley Hills, Massachusetts 02481, or by telephoning (888) 786-2435 for the Futurity Contracts or (800) 752-7215 for the Regatta Contracts.

The terms used in this Statement of Additional Information have the same meanings as in the Prospectus.

------------------------------------------------------------------------------------------------------------------------

THIS STATEMENT OF ADDITIONAL INFORMATION IS NOT A PROSPECTUS AND IS AUTHORIZED FOR DISTRIBUTION TO PROSPECTIVE PURCHASERS ONLY IF PRECEDED OR ACCOMPANIED BY A CURRENT PROSPECTUS.

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

Sun Life Financial Inc. ("Sun Life Financial"), a reporting company under the Securities Exchange Act of 1934 with common shares listed on the Toronto, New York and Philippine stock exchanges, is the ultimate corporate parent of Sun Life (U.S.). Sun Life Financial ultimately controls Sun Life (U.S.) through the following intervening companies: Sun Life of Canada (U.S.) Holdings, Inc., Sun Life Financial (U.S.) Investments LLC, Sun Life Financial (U.S.) Holdings, Inc., Sun Life Assurance Company of Canada - U.S. Operations Holdings, Inc., and Sun Life Global Investments Inc.

ADVERTISING AND SALES LITERATURE

As set forth in the Prospectus, the Company may refer to the following organizations (and others) in its marketing materials:

A.M. BEST'S RATING SYSTEM is designed to evaluate the various factors affecting the overall performance of an insurance company in order to provide an opinion as to an insurance company's relative financial strength and ability to meet its contractual obligations. The procedure includes both a quantitative and qualitative review of each company.

FITCH CREDIT RATING Company's Insurance Company Claims Paying Ability Rating is an independent evaluation by a nationally accredited rating organization of an insurance company's ability to meet its future obligations under the contracts and products it sells. The rating takes into account both quantitative and qualitative factors.

LIPPER VARIABLE INSURANCE PRODUCTS PERFORMANCE ANALYSIS SERVICE is a publisher of statistical data covering the investment company industry in the United States and overseas. Lipper is recognized as the leading source of data on open-end and closed-end funds. Lipper currently tracks the performance of over 5,000 investment companies and publishes numerous specialized reports, including reports on performance and portfolio analysis, fee and expense analysis.

STANDARD & POOR'S insurance claims-paying ability rating is an opinion of an operating insurance company's financial capacity to meet obligations of its insurance policies in accordance with their terms.

VARDS (Variable Annuity Research Data Service) provides a comprehensive guide to variable annuity contract features and historical fund performance. The service also provides a readily understandable analysis of the comparative characteristics and market performance of funds inclusive in variable contracts.

MOODY'S Investors Services, Inc.'s insurance claims-paying rating is a system of rating an insurance company's financial strength, market leadership, and ability to meet financial obligations. The purpose of Moody's ratings is to provide investors with a simple system of gradation by which the relative quality of insurance companies may be noted.

STANDARD & POOR'S INDEX - broad-based measurement of changes in stock-market conditions based on the average performance of 500 widely held common stocks; commonly known as the Standard & Poor's 500 (S&P 500). The selection of stocks, their relative weightings to reflect differences in the number of outstanding shares, and publication of the index itself are services of Standard & Poor's Corporation, a financial advisory, securities rating, and publishing firm. The index tracks 400 industrial company stocks, 20 transportation stocks, 40 financial company stocks, and 40 public utilities.

NASDAQ-OTC Price Index - this index is based on the National Association of Securities Dealers Automated Quotations (NASDAQ) and represents all domestic over-the-counter stocks except those traded on exchanges and those having only one market maker, a total of some 3,500 stocks. It is market value-weighted and was introduced with a base of 100.00 on February 5, 1971.

DOW JONES INDUSTRIAL AVERAGE (DJIA) - price-weighted average of 30 actively traded blue chip stocks, primarily industrials, but including American Express Company and American Telephone and Telegraph Company. Prepared and Published by Dow Jones & Company, it is the oldest and most widely quoted of all the market indicators. The average is quoted in points, not dollars.

MORNINGSTAR, Inc. is an independent financial publisher offering comprehensive statistical and analytical coverage of open-end and closed-end funds and variable annuities. This coverage for mutual funds includes, among other information, performance analysis rankings, risk rankings (e.g. aggressive, moderate or conservative), and ""style box"" matrices. Style box matrices display, for equity funds, the investment philosophy and size of the companies in which the fund invests and, for fixed-income funds, interest rate sensitivity and credit quality of the investment instruments.

IBBOTSON ASSOCIATES, Inc. is a consulting firm that provides a variety of historical data, including total return, capital appreciation and income, on the stock market as well as other investment asset classes, and inflation. This information will be used primarily for comparative purposes and to illustrate general financial planning principles.

In its advertisements and other sales literature for the Variable Account and the Funds, the Company intends to illustrate the advantages of the Contracts in a number of ways:

DOLLAR-COST AVERAGING ILLUSTRATIONS. These illustrations will generally discuss the price-leveling effect of making regular investments in the same Sub-Accounts over a period of time, to take advantage of the trends in market prices of the portfolio securities purchased by those Sub-Accounts.

SYSTEMATIC WITHDRAWAL PROGRAM. A service provided by the Company, through which a Participant may take any distribution allowed by Internal Revenue Code Section 401 (a) (9) in the case of Qualified Contracts, or permitted under Internal Revenue Code Section 72 in the case of Non-Qualified Contracts, by way of a series of partial withdrawals. Withdrawals under this program may be fully or partially includible in income and may be subject to a 10% penalty tax. Consult your tax advisor.

THE COMPANY'S AND THE FUNDS' CUSTOMERS. Sales literature for the Variable Account and the Funds may refer to the number of clients which they serve.

THE COMPANY'S ASSETS, SIZE. The Company may discuss its general financial condition (see, for example, the references to Standard & Poor's, Duff & Phelps and A.M. Best Company above); it may refer to its assets; and it may discuss its relative size and/or ranking among companies in the industry or among any sub-classification of those companies, based upon recognized evaluation criteria. For example, at December 31, 1998, the Company was the 36th largest U.S. life insurance company based upon overall assets.

COMPOUND INTEREST ILLUSTRATIONS. These will emphasize several advantages of the variable annuity contract. For example, but not by way of limitation, the literature may emphasize the potential savings through tax deferral; the potential advantage of the Variable Account over the Fixed Account; and the compounding effect when a participant makes regular deposits to his or her account.

The Company may use hypothetical illustrations of the benefits of tax deferral, including but not limited to the following chart:

The chart below assumes an initial investment of $10,000 which remains fully invested for the entire time period, an 8% annual return, and a 33% combined federal and state income tax rate. It compares how 3 different investments might fare over 10, 20, and 30 years. The first example illustrates an investment in a non-tax-deferred account and assumes that taxes are paid annually out of that account. The second example illustrates how the same investment would grow in a tax-deferred investment, such as an annuity. The third example illustrates the net value of the tax-deferred investment after paying taxes on the full account value.

	10 YEARS	20 YEARS	30 YEARS
Non-Tax-Deferred Account	$16,856	$28,413	$ 47,893
Tax-Deferred Account	$21,589	$46,610	$100,627
Tax-Deferred Account After Paying Taxes	$17,765	$34,528	$ 70,720

THIS ILLUSTRATION IS HYPOTHETICAL AND DOES NOT REPRESENT THE PROJECTED PERFORMANCE OF THE CONTRACT OR ANY OF ITS INVESTMENT OPTIONS. THE ILLUSTRATION DOES NOT REFLECT THE DEDUCTION OF ANY CHARGES OR FEES RELATED TO PORTFOLIO MANAGEMENT, MORTALITY AND EXPENSE, OR ACCOUNT ADMINISTRATION. TAXES ON EARNINGS WITHIN AN ANNUITY ARE DUE UPON WITHDRAWAL. WITHDRAWALS MAY ALSO BE SUBJECT TO SURRENDER CHARGES AND, IF MADE PRIOR TO AGE 59½, A 10% FEDERAL PENALTY TAX.

TAX-DEFERRED ACCUMULATION

In general, individuals who own annuity contracts are not taxed on increases in the value of their annuity contracts until some form of distribution is made under the contract. As a result, the annuity contract would benefit from tax deferral during the contract's accumulation phase; this would have the effect of permitting an investment in an annuity contract to grow more rapidly that a comparable investment under which increases in value are taxed on a current basis.

In reports or other communications to you or in advertising or sales materials, we may also describe the effects of tax-deferred compounding on the Variable Account's investment returns. We may illustrate these effects in charts or graphs and from time to time may include comparisons of returns under the Contract or in general on a tax-deferred basis, with the returns on a taxable basis. Different tax rates may be assumed. Any such illustrative chart or graph would show accumulations on an initial investment or Purchase Payment, assuming a given amount (including the applicable interest credit), hypothetical gross annual returns compounded annually, and a stated rate of return. The values shown for the taxable investment would not include any deduction for management fees or other expenses, but would assume the annual deduction of federal and state taxes from investment returns. The values shown for the Contract in a chart would reflect the deduction of Contract expenses, such as the mortality and expense risk charge, the 0.15% administrative charge, and the $50 annual Account Fee. In addition, the values shown would assume that the Participant has not surrendered his or her Contract or made any partial surrenders until the end of the period shown. The chart would assume a full surrender at the end of the period shown and the payment of federal and state taxes, at a rate of not more than 33%, on the amount in excess of the Purchase Payments.

In developing illustrative tax deferral charts, we will observe these general principles:

l	The assumed rate of earnings will be realistic.
l	The illustrative chart will accurately depict the effect of all fees and charges or provide a narrative that prominently discloses all fees and charges under the Contract.
l	Charts comparing accumulation values for tax-deferred and non-tax-deferred investments will depict the implications of any surrender.
l	A narrative accompanying the chart will prominently disclose that there may be a 10% tax penalty on a surrender by a Participant who has not reached age 59½ at the time of surrender.

The rates of return illustrated in any chart would be hypothetical and are not an estimate or guaranty of performance. Actual tax returns may vary among Participants.

CALCULATIONS

EXAMPLE OF VARIABLE ACCUMULATION UNIT VALUE CALCULATION

Suppose the net asset value of a Fund share at the end of the current valuation period is $18.38; at the end of the immediately preceding valuation period was $18.32; the Valuation Period is one day; and no dividends or distributions caused Fund shares to go ""ex-dividend"" during the current Valuation Period. $18.38 ÷ $18.32 = 1.00327511. Subtracting the one day risk factor for mortality and expense risks and the administrative expense charge of .00004280 (the daily equivalent of the current maximum charge of 1.55% on an annual basis) gives a net investment factor of 1.00323231. If the value of the variable accumulation unit for the immediately preceding valuation period had been 14.5645672, the value for the current valuation period would be 14.6116444 (14.5645672 x 1.00323231).

EXAMPLE OF VARIABLE ANNUITY UNIT CALCULATION

Suppose the circumstances of the first example exist, and the value of an annuity unit for the immediately preceding valuation period had been 12.3456789. If the first variable annuity payment is determined by using an annuity payment based on an assumed interest rate of 3% per year, the value of the annuity unit for the current valuation period would be 12.3846325 (12.3456789 x 1.00323648 (the Net Investment Factor based on the daily equivalent of maximum annuity phase charge of 1.40% on an annual basis) x 0.99991902). 0.99991902 is the factor, for a one day Valuation Period that neutralizes the assumed interest rate of 3% per year used to establish the Annuity Payment Rates found in certain Contracts.

EXAMPLE OF VARIABLE ANNUITY PAYMENT CALCULATION

Suppose that a Participant Account is credited with 8,765.4321 variable accumulation units of a particular Sub-Account but is not credited with any fixed accumulation units; that the variable accumulation unit value and the annuity unit value for the particular Sub-Account for the valuation period which ends immediately preceding the annuity commencement date are 14.5645672 and 12.3456789 respectively; that the annuity payment rate for the age and option elected is $6.78 per $1,000; and that the annuity unit value on the day prior to the second variable annuity payment date is 12.3846325. The first variable annuity payment would be $865.57 (8,765.4321 x 14.5645672 x 6.78 ÷ 1,000). The number of annuity units credited would be 70.1112 ($865.57 ÷ 12.3456789) and the second variable annuity payment would be $868.30 (70.1112 x 12.3846325).

DISTRIBUTION OF THE CONTRACT

We offer the Contract on a continuous basis through the general distributor and principal underwriter of the Contracts, Clarendon Insurance Agency, Inc. ("Clarendon"). Clarendon also acts as the general distributor of certain other annuity contracts issued by the Company and its subsidiary, Sun Life Insurance and Annuity Company of New York, and variable life insurance contracts issued by the Company.

In addition to commissions, the Company may, from time to time, pay or allow additional promotional incentives, in the form of cash or other compensation. The Company reserves the right to offer these additional incentives only to certain broker-dealers that sell or are expected to sell during specified time periods certain minimum amounts of the Contracts or Certificates or other contracts offered by the Company. Promotional incentives may change at any time.

Commissions will not be paid to selling agents with respect to Participant Accounts established for the personal account of employees of the Company or any of its affiliates, or of persons engaged in the distribution of the Contracts, or of immediate family members of such employees or persons. In addition, commissions may be waived or reduced in connection with certain transactions described in the Prospectus under the heading ""Waivers; Reduced Charges; Credits; Bonus Guaranteed Interest Rates.""

CUSTODIAN

We are the Custodian of the assets of the Variable Account.  We will purchase Fund shares at net asset value in connection with amounts allocated to the Sub-Accounts in accordance with your instructions, and we will redeem Fund shares at net asset value for the purpose of meeting the contractual obligations of the Variable Account, paying charges relative to the Variable Account or making adjustments for annuity reserves held in the Variable Account.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The consolidated financial statements of Sun Life Assurance Company of Canada (U.S.) included in this Statement of Additional Information have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report appearing herein (which report, dated March 27, 2008, accompanying such financial statements expresses an unqualified opinion and includes an explanatory paragraph, referring to the adoption of the provisions of the Financial Accounting Standards Board Interpretation No. 48, “Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No.109”), and has been so included in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.  Their office is located at 200 Berkeley Street, Boston, Massachusetts.

The financial statements of Sun Life of Canada (U.S.) Variable Account F that are included in this Statement of Additional Information have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report appearing herein (which report, dated April 18, 2008, accompanying the financial statements expresses an unqualified opinion) and has been so included in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

FINANCIAL STATEMENTS

The financial statements of the Variable Account and Sun Life Assurance Company of Canada (U.S.) are included herein. The consolidated financial statements of Sun Life Assurance Company of Canada (U.S.) are provided as relevant to its ability to meet its financial obligations under the Certificates and should not be considered as bearing on the investment performance of the assets held in the Variable Account.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

CONSOLIDATED STATEMENTS OF INCOME

(in thousands)

For the years ended December 31,

		2007		2006		2005
Revenues:
Premiums and annuity considerations	$	110,616	$	59,192	$	51,982
Net investment income		1,098,592		1,206,081		1,112,529
Net derivative (loss) income		(193,124)		9,089		16,474
Net realized investment (losses) gains		(61,048)		(44,511)		16,925
Fee and other income		479,904		398,622		362,275
Subordinated notes early redemption premium		25,578		-		-
Total revenues		1,460,518		1,628,473		1,560,185
Benefits and expenses:
Interest credited		629,823		633,405		637,502
Interest expense		101,532		130,802		123,279
Policyowner benefits		229,485		156,970		187,013
Amortization of deferred acquisition costs and value of business acquired		189,121		399,182		243,821
Other operating expenses		283,815		231,434		196,543
Partnership capital securities early redemption payment		25,578		-		-
Total benefits and expenses		1,459,354		1,551,793		1,388,158
Income before income tax (benefit) expense, and minority interest		1,164		76,680		172,027
Income tax (benefit) expense:
Federal		(24,289)		(1,717)		40,091
State		431		105		(2)
Income tax (benefit) expense		(23,858)		(1,612)		40,089
Income before minority interest		25,022		78,292		131,938
Minority interest share of loss		-		-		(1,214)
Net income	$	25,022	$	78,292	$	133,152

The accompanying notes are an integral part of the consolidated financial statements

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

CONSOLIDATED BALANCE SHEETS

(in thousands except per share data)

ASSETS	December 31, 2007		December 31, 2006
Investments
Available-for-sale fixed maturities at fair value (amortized cost of $11,848,397 and $13,623,450 in 2007 and 2006, respectively); fair value option elected for $16,584  in 2007	$	11,503,230	$	13,637,973
Trading fixed maturities at fair value (amortized cost of $3,938,088 and $3,838,732 in 2007 and 2006, respectively)		3,867,011		3,856,053
Subordinated note from affiliate held-to-maturity (fair value of $630,751 in 2006)		-		600,000
Mortgage loans		2,318,341		2,273,176
Derivative instruments – receivable		609,261		653,854
Limited partnerships		164,464		193,728
Real estate		201,777		186,891
Policy loans		712,633		709,626
Other invested assets		568,676		950,226
Cash and cash equivalents		1,169,701		578,080
Total investments and cash		21,115,094		23,639,607
Accrued investment income		290,363		291,218
Deferred policy acquisition costs		1,603,397		1,234,206
Value of business and customer renewals acquired		51,806		47,744
Net deferred tax asset		15,945		3,597
Goodwill		708,829		701,451
Receivable for investments sold		3,482		33,241
Reinsurance receivable		2,709,249		1,817,999
Other assets		311,999		153,230
Separate account assets		24,996,603		21,060,255
Total assets	$	51,806,767	$	48,982,548
LIABILITIES
Contractholder deposit funds and other policy liabilities	$	18,262,569	$	19,428,625
Future contract and policy benefits		823,588		750,112
Payable for investments purchased		199,210		218,465
Accrued expenses and taxes		123,065		144,695
Debt payable to affiliates		1,945,000		1,325,000
Partnership capital securities		-		607,826
Reinsurance payable to affiliate		1,691,884		1,605,626
Derivative instruments – payable		446,640		160,504
Other liabilities		888,061		1,178,086
Separate account liabilities		24,996,603		21,060,255
Total liabilities		49,376,620		46,479,194
Commitments and contingencies – Note 20
STOCKHOLDER’S EQUITY
Common stock, $1,000 par value – 10,000 shares authorized; 6,437 shares issued and outstanding in 2007 and 2006		6,437		6,437
Additional paid-in capital		2,146,436		2,143,408
Accumulated other comprehensive (loss) income		(92,403)		14,030
Retained earnings		369,677		339,479
Total stockholder’s equity		2,430,147		2,503,354
Total liabilities and stockholder’s equity	$	51,806,767	$	48,982,548

The accompanying notes are an integral part of the consolidated financial statements.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

For the years ended December 31,

		2007		2006		2005
Net income	$	25,022	$	78,292	$	133,152
Other comprehensive loss:
Change in unrealized holding (losses) gains on available- for-sale securities, net of tax and policyholder amounts (1)		(119,775)		(46,229)		(79,814)
Change in pension and other postretirement plan adjustments, net of tax (2)		11,197		1,842		(1,842)
Reclassification adjustments of realized investment losses (gains) into net income (3)		2,145		40,673		(79,722)
Other comprehensive loss		(106,433)		(3,714)		(161,378)
Comprehensive (loss) income	$	(81,411)	$	74,578	$	(28,226)

(1)   Net of tax benefit of $64.7 million, $25.5 million and $43.0 million for the years ended December 31, 2007, 2006 and 2005, respectively.

(2)   Net of tax (expense) benefit of $(6.0) million, $(0.2) million and $1.0 million for the years ended December 31, 2007, 2006 and 2005, respectively.

(3)   Net of tax (expense) benefit of $(1.2) million, $(21.9) million and $42.9 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The accompanying notes are an integral part of the consolidated financial statements

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

CONSOLIDATED STATEMENTS OF STOCKHOLDER’S EQUITY

(in thousands)

For the years ended December 31,

	Common Stock		Additional Paid-In Capital		Accumulated Other Comprehensive Income (Loss)		Retained Earnings		Total Stockholder’s Equity
Balance at December 31, 2004	$	6,437	$	2,131,888	$	180,638	$	628,035	$	2,946,998
Net income		-		-		-		133,152		133,152
Dividends		-		-		-		(200,000)		(200,000)
Tax benefit from stock options		-		6,992		-		-		6,992
Other comprehensive loss		-		-		(161,378)		-		(161,378)
Balance at December 31, 2005		6,437		2,138,880		19,260		561,187		2,725,764
Adjustment to initially apply FASB Statement No. 158, net of tax						(1,516)				(1,516)
Net income		-		-		-		78,292		78,292
Dividends		-		-		-		(300,000)		(300,000)
Tax benefit from stock options		-		4,528		-		-		4,528
Other comprehensive loss		-		-		(3,714)		-		(3,714)
Balance at December 31, 2006		6,437		2,143,408		14,030		339,479		2,503,354
Cumulative effect of accounting changes, net of tax								5,176		5,176
Net income		-		-		-		25,022		25,022
Tax benefit from stock options		-		3,028						3,028
Other comprehensive loss		-		-		(106,433)		-		(106,433)
Balance at December 31, 2007	$	6,437	$	2,146,436	$	(92,403)	$	369,677	$	2,430,147

The accompanying notes are an integral part of the consolidated financial statements

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

For the years ended December 31,

		2007		2006		2005
Cash Flows From Operating Activities:
Net income from operations	$	25,022	$	78,292	$	133,152
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Minority interest share of loss		-		-		(1,214)
Net amortization of premiums on investments		40,668		58,752		71,357
Amortization of deferred acquisition costs and value of business and customer renewals acquired		189,121		399,182		243,821
Depreciation and amortization		7,460		4,608		3,985
Net losses (gains) on derivatives		131,503		(11,853)		(77,025)
Net realized losses (gains) on available-for-sale investments		61,048		44,511		(16,925)
Changes in fair value of trading investments		88,398		(15,235)		80,324
Net realized gains on trading investments		(4,655)		(373)		(11,162)
Net change in unrealized and undistributed gains in private equity limited partnerships		(23,027)		(29,120)		(48,244)
Interest credited to contractholder deposits		629,823		633,405		637,502
Deferred federal income taxes		43,366		4,180		22,047
Changes in assets and liabilities:
Additions to deferred acquisition costs, value of business and customer renewals acquired		(379,941)		(262,895)		(261,917)
Accrued investment income		855		(29,711)		17,916
Net reinsurance receivable/payable		33,161		77,063		85,876
Future contract and policy benefits		66,550		(6,619)		25,123
Other, net		(134,356)		14,268		53,536
Purchases of trading fixed maturities, net of sales		(100,836)		(1,866,153)		(651,921)
Net cash provided by (used in) operating activities		674,160		(907,698)		306,231
Cash Flows From Investing Activities:
Sales, maturities and repayments of:
Available-for-sale fixed maturities		4,252,780		5,872,190		5,685,008
Mortgage loans		355,146		248,264		117,438
Real estate		-		-		947
Net cash from disposition of subsidiary		-		-		17,040
Other invested assets		667,683		184,646		483,700
Redemption of subordinated note from affiliates		600,000		-		-
Purchases of:
Available-for-sale fixed maturities		(2,557,841)		(4,002,244)		(5,269,211)
Mortgage loans		(399,566)		(780,592)		(390,376)
Real estate		(19,439)		(20,619)		(6,648)
Other invested assets		(57,864)		(489,493)		(171,539)
Net change in other investments		(361,781)		399,514		(239,910)
Net change in policy loans		(3,007)		(7,857)		(5,464)
Net change in short-term investments		-		-		(4,576)
Early redemption premium		25,578		-		-
Net cash provided by investing activities	$	2,501,689	$	1,403,809	$	216,409

The accompanying notes are an integral part of the consolidated financial statements

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

For the years ended December 31,

		2007		2006		2005
Cash Flows From Financing Activities:
Additions to contractholder deposit funds	$	1,924,784	$	3,520,138	$	2,720,141
Withdrawals from contractholder deposit funds		(4,533,405)		(3,690,351)		(3,404,468)
Repayments of debt		(980,000)		-		-
Debt proceeds		1,000,000		200,000		100,000
Dividends paid to stockholder		-		(300,000)		(150,600)
Early redemption payment		(25,578)		-		-
Other, net		29,971		4,528		6,992
Net cash used in financing activities		(2,584,228)		(265,685)		(727,935)
Net change in cash and cash equivalents		591,621		230,426		(205,295)
Cash and cash equivalents, beginning of year		578,080		347,654		552,949
Cash and cash equivalents, end of year	$	1,169,701	$	578,080	$	347,654
Supplemental Cash Flow Information
Interest paid	$	73,116	$	130,686	$	122,474
Income taxes paid	$	43,287	$	82,250	$	16,857

Supplemental Schedule of non-cash investing and financing activities

Effective November 8, 2007, the Company’s subsidiary, Sun Life Financial (U.S.) Reinsurance Company (“Sun Life Vermont”), entered into a reinsurance agreement with Sun Life Assurance Company of Canada (“SLOC”), the Company’s affiliate, under which Sun Life Vermont assumed the risks of certain individual universal life insurance contracts issued and to be issued by SLOC.  This agreement is described more fully in Note 1 and Note 8.  As part of the transaction, the Sun Life Vermont assumed $553.7 million of contractholder deposits, future contract and policy benefits of $ 20.4 million, a funds withheld asset of $551.8 million, and a deferred loss of $22.3 million, all of which are considered non-cash items for purposes of the Company’s consolidated statement of cash flows.

The Company declared and paid to its direct parent, Sun Life of Canada (U.S.) Holdings, Inc., cash dividends of $300.0 million in 2006.  In 2005, the Company declared and paid a $200.0 million dividend to its direct parent, consisting of $150.6 million in cash and $49.4 million in notes. The Company did not pay any dividends to its direct parent in 2007.

On April 19, 2005, the Company sold its interest in a consolidated variable interest entity (“VIE”). As a result of the sale, bonds decreased by $42.5 million, short-term investments decreased by $28.5 million, investment income due and accrued decreased by $0.3 million, other invested assets decreased by $3.2 million, other liabilities decreased by $26.1 million, deferred tax liability decreased by $3.9 million, and notes payable decreased by $33.5 million.

The accompanying notes are an integral part of the consolidated financial statements

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

GENERAL

Sun Life Assurance Company of Canada (U.S.) (the “Company”) and its subsidiaries are engaged in the sale of individual and group variable life insurance, individual universal life insurance, individual and group fixed and variable annuities, funding agreements, group life, group disability, group dental and group stop loss insurance.  These products are distributed through individual insurance agents, financial planners, insurance brokers and broker-dealers to both the tax-qualified and non-tax-qualified markets.  The Company is authorized to transact business in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.  In addition, the Company’s wholly-owned subsidiary, Sun Life Insurance and Annuity Company of New York (“SLNY”), is authorized to transact business in the State of New York.

The Company is a stock life insurance company incorporated under the laws of Delaware.  The Company is a direct wholly-owned subsidiary of Sun Life of Canada (U.S.) Holdings, Inc. (the "Parent").  The Company is an indirect wholly-owned subsidiary of Sun Life Assurance Company of Canada - U.S. Operations Holdings, Inc. ("SLC - U.S. Ops Holdings") and is an indirect wholly-owned subsidiary of Sun Life Financial Inc. ("SLF"), a reporting company under the Securities Exchange Act of 1934.  SLF and its subsidiaries are collectively referred to herein as "Sun Life Financial."

BASIS OF PRESENTATION

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for stock life insurance companies.

The consolidated financial statements include the accounts of the Company and its subsidiaries.  As of December 31, 2007, the Company directly or indirectly owned all of the outstanding shares or members interest of SLNY, which issues individual fixed and variable annuity contracts, group life, group disability, group dental and stop loss insurance, and individual life insurance in New York; Independence Life and Annuity Company (“INDY”), a Rhode Island life insurance company that sold variable and whole life insurance products; Sun Life Vermont, a Vermont special purpose financial captive insurance company; Clarendon Insurance Agency, Inc., a registered broker-dealer; Sun Life of Canada (U.S.) SPE 97-I, Inc., organized for the purpose of engaging in activities incidental to securitizing mortgage loans; SLF Private Placement Investment Company I, LLC; Sun Parkaire Landing LLC; 7101 France Avenue Manager, LLC; Sun MetroNorth, LLC; and SLNY Private Placement Investment Company I, LLC.

On October 31, 2007, the Company subscribed for $250,000 worth of shares of, and contributed $150 million of paid-in capital to, a newly formed wholly-owned subsidiary, Sun Life Vermont.  Effective November 8, 2007, Sun Life Vermont entered into a reinsurance agreement with Sun Life Assurance Company of Canada (“SLOC”), an affiliate of the Company, under which the Sun Life Vermont has assumed the risks of certain individual universal life insurance (“UL”) policies issued, and to be issued, by SLOC.  This agreement is described more fully in Note 8.  A long-term financing arrangement has been established with a financial institution (the "Lender") that will enable Sun Life Vermont to fund a portion of its obligations under the reinsurance agreement with SLOC.  Under this arrangement, Sun Life Vermont issued a $1 billion variable principal, floating rate surplus note (the “Surplus Note”) to a special-purpose entity, Structured Asset Repackage Company, 2007-SUNAXXX LLC (“SUNAXXX”) affiliated with the Lender.  Pursuant to an agreement between the Lender and SLC – U.S. Ops Holdings, SLC – U.S. Ops Holdings bears the ultimate obligation to repay the Lender and, as such, has consolidated SUNAXXX in accordance with Financial Accounting Standards Board (“FASB”) Interpretation No. 46, "Consolidation of Variable Interest Entities, an interpretation of ARB No. 51 (Revised December 2003)" (“FIN 46(R)”).

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

BASIS OF PRESENTATION (continued)

Effective September 27, 2007, the Company dissolved Sun life of Canada (U.S.) Holdings General Partner, LLC (the “General Partner”).  The General Partner was the sole general partner in Sun Life of Canada (U.S.) Limited Partnership (the “Partnership”) and, as a result, the Partnership had been consolidated with the results of the Company.  The Partnership was organized to purchase subordinated debentures issued by the Parent and to issue partnership capital securities to an affiliated business trust, Sun Life of Canada (U.S.) Capital Trust I (the “Capital Trust”).  Effective May 6, 2007, the Parent redeemed $600 million of 8.526% subordinated debentures issued to the Partnership and paid the Partnership an early redemption premium of $25.6 million.  Also effective May 6, 2007, the Partnership redeemed $600 million of the 8.526% partnership capital securities issued to the Capital Trust and paid a premium of $25.6 million to the Capital Trust.  The redemption had no impact on the Company’s net income.  The Partnership was cancelled effective September 27, 2007.

Effective May 31, 2007, Sun Life Financial completed its acquisition of Genworth Financial, Inc.'s (“Genworth’s”) Employee Benefits Group business ("EBG").  Also effective May 31, 2007, SLNY entered into a series of agreements with Sun Life and Health Insurance Company (U.S.) (“SLHIC”), one of the acquired companies (formerly named Genworth Life and Health Insurance Company), through which the New York issued business of SLHIC was transferred to SLNY.  These agreements include a 100% coinsurance agreement for all existing and future new business issued in New York, a renewal rights agreement under which SLNY has exclusive rights to renew in-force business assumed under the reinsurance agreement and an administrative service agreement under which SLNY has agreed to assume direct responsibility for all sales and administration of existing and new business issued in New York (collectively, “the SLHIC to SLNY asset transfer”).  These agreements, in accordance with Statement of Financial Accounting Standards (“SFAS”) No. 141, “Business Combinations,” were treated as a transfer of net assets between entities under common control. SLNY paid $40 million of total consideration to SLHIC.  SLHIC transferred assets at carrying value of approximately $72 million, including $38.9 million of goodwill and other intangibles, as well as policyholder and other liabilities of approximately $32 million to SLNY.  The Group Protection Segment of the Company reflects a significant increase in business as a result of these agreements. These agreements have allowed the Company to expand its product offerings to include group dental insurance.

On September 6, 2006, the Company entered into an agreement with Credit and Repackaged Securities Limited Series 2006-10 Trust (the "CARS Trust"), whereby the Company is the sole beneficiary of the CARS Trust.  As of December 31, 2007, total assets and liabilities of the CARS Trust were $57.7 million and $7.9 million, respectively. As the sole beneficiary of the CARS Trust, the Company is required to consolidate this trust under the requirements of FIN 46(R).  Accordingly, the assets and liabilities of the CARS Trust are included in the Company’s consolidated financial statements.  As of December 31, 2007, the Company recorded in its consolidated balance sheets $53.8 million of trading fixed maturities, $2.9 million of deferred tax, $1.0 million of accrued investment income and $7.9 million of liabilities relating to a total return swap.  As of December 31, 2006, the Company recorded in its consolidated balance sheets $55.3 million of trading fixed maturities, $1.2 million of accrued investment income and $1.7 million of liabilities.

On April 19, 2005, the Company sold its interest in a consolidated variable interest entity (“VIE”) and recognized a gain of $6.1 million.  The Company received net cash proceeds of $17.0 million and reduced consolidated assets and liabilities by $74.5 million and $63.6 million, respectively. The Company’s net income for the year ended December 31, 2005 included a net loss of $0.8 million related to this VIE.

The Company had a greater than or equal to 20%, but less than 50%, interest in fourteen VIEs at December 31, 2007.  The Company is a creditor in seven trusts, three limited liability companies, two limited partnership and two special-purpose entities that were used to finance commercial mortgages, and franchise receivables and equipment used in utility generation.  The Company’s maximum exposure to loss related to all of these VIEs is the investments’ carrying value, which was $88.4 million and $30.1 million at December 31, 2007 and 2006, respectively.  The investments in these VIEs mature between March 2007 and September 2029.  As the Company will not absorb a majority of the VIEs’ expected losses or receive a majority of the expected returns, the Company is not required to consolidate these VIEs, in accordance with FIN 46.  See Note 4 for additional information with respect to leveraged leases which is not included above.

All intercompany transactions have been eliminated in consolidation.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

USE OF ESTIMATES

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  The most significant estimates are those used in determining the fair value of financial instruments, goodwill, DAC, VOBA, the liabilities for future contract and policyholder benefits and other-than-temporary impairments of investments.  Actual results could differ from those estimates.

FINANCIAL INSTRUMENTS

In the normal course of business, the Company enters into transactions involving various types of financial instruments, including cash equivalents, fixed maturity investments, mortgage loans, equity securities, derivative financial instruments, debt, loan commitments and financial guarantees.  These instruments involve credit risk and also may be subject to risk of loss due to interest rate fluctuation.  The Company evaluates and monitors each financial instrument individually and, when appropriate, obtains collateral or other security to minimize losses.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents primarily include cash, commercial paper, money market investments and short-term bank participations.  All such investments have maturities of three months or less when purchased and are considered cash equivalents for purposes of reporting cash flows.

INVESTMENTS

The Company accounts for its investments in accordance with SFAS No. 115, "Accounting for Certain Investments in Debt and Equity Securities."  At the time of purchase, fixed maturity securities are classified based on the Company's intent as either held-to-maturity, trading or available-for-sale.  In order for a security to be classified as held-to-maturity, the Company must have positive intent and ability to hold the security to maturity.  Securities held-to-maturity are stated at cost, adjusted for amortization of premiums and accretion of discounts.  Securities that are bought and held principally for the purpose of selling them in the near term are classified as trading.  Trading securities are carried at aggregate fair value with changes in market value reported as a component of net investment income.  Securities that do not meet the held-to-maturity or trading criterion are classified as available-for-sale.  Included with available-for-sale fixed maturities are mortgage backed securities in the To Be Announced ("TBA") form.  The Company records TBA purchases on the trade date and the corresponding payable is recorded as an outstanding liability in payable for investments purchased until the settlement date of the transaction.  Available-for-sale securities are carried at fair value with the unrealized gains or losses reported in other comprehensive income.

The Company determines the fair value of its publicly traded fixed maturities using four primary pricing methods: third-party pricing services, independent dealer quotes, pricing matrices, and pricing models.  Prices are first sought from third party pricing services; the remaining unpriced securities are priced using one of the remaining three methods.  Third-party pricing services derive the security prices through recently reported trades for identical or similar securities with adjustments for trading volumes and market observable information through the reporting date.  In the event that there are no recent market trades, pricing services and brokers may use pricing matrices and models to develop a security price based on future expected cash flows discounted at an estimated market rate using collateral performance and vintages.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

INVESTMENTS (continued)

Structured securities, such as collateralized mortgage obligations (“CMO”), commercial mortgage-backed securities (“CMBS”), and asset-backed securities (“ABS”), are priced using a matrix, fair value model or independent broker quotations.  CMBS securities, which are a subset of the Company's CMO holdings, are priced using the last sale price of the day or a broker quote, if no sales were transacted that day.  Other CMOs and ABS are priced using matrices, models or independent broker quotations.  Typical inputs used by these three pricing methods include, but are not limited to, reported trades, benchmark yields, issuer spreads, bids and/or estimated cash flows and prepayment speeds.  In addition, estimates of expected future prepayments are factors in determining the price of ABS, mortgage-backed securities (“MBS”), CMBS, and CMOs.  These estimates are based on the underlying collateral and structure of the security, as well as prepayment speeds previously experienced in the market at interest rate levels projected for the underlying collateral.  Actual prepayment experience may vary from these estimates.

For privately placed fixed maturities, fair values are estimated using matrices, which take into account credit spreads for publicly traded securities of similar credit risk, maturity, prepayment and liquidity characteristics.  A portion of privately placed fixed maturities are also priced using market prices or dealer quotes.  The fair values of mortgages are estimated by discounting future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities.

The Company’s ability to liquidate positions in privately placed fixed securities and mortgages could be impacted to a significant degree by the lack of an actively traded market.  Although the Company believes that its estimates reasonably reflect the fair value of those instruments, its key assumptions about risk-free interest rates, risk premiums, performance of underlying collateral (if any) and other factors may not reflect those of an active market.

The Company performs a monthly analysis on the prices received from third parties to assess if the prices represent a reasonable estimate of the fair value.  The process is both quantitative and qualitative and includes back testing of recent trades, review of key assumptions such as spreads, duration, credit rating, and on-going review of third-party pricing services methodologies.  In the event that a more appropriate fair value is justified, the price received from a third-party pricing services is adjusted accordingly.  The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between knowledgeable, unrelated willing parties using inputs, including estimates and assumptions, a market participant would utilize.

The Company's accounting policy for impairment requires recognition of an other-than-temporary impairment write-down on a security if it is determined that the Company anticipates that it will be unable to recover all amounts due under the contractual obligations of the security.  Additionally, in the event that securities that are expected to be sold before the fair value of the security recovers to amortized cost, an other-than-temporary impairment charge is also taken.

Some structured securities, typically those rated single A or below, are subject to Emerging Issues Task Force Issue No.  99-20, “Recognition of Interest Income and Impairment on Purchased Beneficial Interests and Beneficial Interests That Continued to Be Held by a Transferor in Securitized Financial Assets” (“EITF 99-20”).  EITF 99-20 requires the Company to periodically update its best estimate of cash flows over the life of the security.  In the event that the present value of the estimated cash flows is less than amortized cost, an other-than-temporary impairment charge is recorded.  Estimating future cash flows is a quantitative and qualitative process that incorporates information received from third parties, along with assumptions and judgments about the future performance of the underlying collateral.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

INVESTMENTS (continued)

Impairments are classified as either credit-related or interest-related.  The Company categorizes impairments as credit-related if it anticipates the issuers will be unable to pay all principal and interest amounts due, according to the contractual terms of the security or if the decline in fair value of the security is driven by issuer-specific credit events.  The Company characterizes impairments as interest-related if the depression in fair value of the security was due to changes in interest or general credit spread widening and for which the Company has determined it no longer has the intent or ability to hold a security until recovery to amortized cost.  Once an other than temporary impairment charge has been recorded, the Company continues to review the other-than-temporarily impaired securities for additional impairment.  The net realized loss is recorded in the income statement as the difference between the fair value and the amortized cost of the security.

The Company incurred realized losses totaling $68.1 million, $6.3 million and 29.7, for the years ended December 31, 2007, 2006 and 2005, respectively, for other-than-temporary impairments.  Of the $68.1 million in realized losses for other-than-temporary impairments for the year ended December 31, 2007, $16.1 million was due to a change in the Company’s intent to hold the securities to recovery of fair value, up to amortized cost.  The remaining $52 million of realized losses were credit-related.

The Company discontinues the accrual of income on its holdings for issuers that are in default.  Investment income would not have materially increased for the year ended December 31, 2007 and 2006 if these holdings were performing.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

INVESTMENTS (CONTINUED)

Mortgage loans are stated at unpaid principal balances, net of provisions for estimated losses.  Mortgage loans acquired at a premium or discount are carried at amortized values net of provisions for estimated losses.  Mortgage loans, which include primarily commercial first mortgages, are diversified by property type and geographic area throughout the United States.  Mortgage loans are collateralized by the related properties and generally are no more than 75% of the property’s value at the time that the original loan is made.

A loan is recognized as impaired when it is probable that the principal or interest is not collectible in accordance with the contractual terms of the loan.  Measurement of impairment is based on the lower of the present value of expected future cash flows discounted at the loan's effective interest rate, or on the loan's observable market price.  A specific valuation allowance is established if the fair value of the impaired loan is less than the recorded amount.  Loans are also charged against the allowance when determined to be uncollectible.  The allowance is based on a continuing review of the loan portfolio, past loss experience, and current economic conditions, which may affect the borrower's ability to pay.  While management believes that it uses the best information available to establish the allowance, future adjustments to the allowance may become necessary if economic conditions differ from the assumptions used in making the evaluation.

Real estate investments are held for the production of income or are held for sale.  Real estate investments held for the production of income are carried at the lower of cost adjusted for accumulated depreciation or fair value.  Depreciation of buildings and improvements is calculated using the straight line method over the estimated useful life of the property, generally 40 to 50 years.  Real estate investments held for sale are primarily acquired through foreclosure of mortgage loans.  The cost of real estate that has been acquired through foreclosure is the estimated fair value less estimated costs to dispose at the time of foreclosure.  Real estate investments are diversified by property type and geographic area throughout the United States.

Policy loans are carried at the amount of outstanding principal balance.  Policy loans are collateralized by the related insurance policy and do not exceed the net cash surrender value of such policy.

Investments in private equity limited partnerships are accounted for by the equity method of accounting.

The Company uses derivative financial instruments including swaps, options, and futures as a means of hedging exposure to interest rate, currency and equity price risk.  Derivatives are carried at fair value and changes in fair value are recorded as a component of derivative income.

Realized gains and losses on the sales of investments are recognized in operations at the date of sale and are determined using the average cost method.  When an impairment of a specific available-for-sale investment is determined to be other-than-temporary, a realized investment loss is recorded.  Changes in the provision for estimated losses on mortgage loans and real estate are included in net realized investment gains and losses.

Interest income is recorded on the accrual basis. Investments are placed in a non-accrual status when management believes that the borrower's financial condition, after giving consideration to economic and business conditions and collection efforts, is such that collection of principal and interest is doubtful.  When an investment is placed in non-accrual status, all interest accrued is reversed against current period interest income.  Interest accruals are resumed on such investments only when the investments have performed on a sustained basis for a reasonable period of time and when, in the judgment of management, the investments are estimated to be fully collectible as to both principal and interest.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

DEFERRED POLICY ACQUISITION COSTS

Acquisition costs consist of commissions, underwriting and other costs, which vary with and are primarily related to the production of new business.  Acquisition costs related to investment-type contracts, primarily deferred annuity and guaranteed investment contracts (“GICs”), and universal and variable life products are deferred and amortized with interest in proportion to the present value of estimated gross profits to be realized over the estimated lives of the contracts.  Estimated gross profits are composed of net investment income, net realized investment gains and losses, life and variable annuity fees, surrender charges, interest credited, policyholder benefits and direct variable administrative expenses.  DAC amortization is reviewed regularly and adjusted, as appropriate, retrospectively when the Company records actual profits and revises its estimate of future gross profits to be realized from this group of products, including realized gains and losses from investments.

Although recovery of DAC is not assured, the Company believes it is more likely than not that all of these costs will be recovered from future profits.  The amount of DAC considered recoverable, however, could be reduced in the near term if the future estimates of gross profits are reduced.

DAC is also adjusted for amounts relating to unrealized investment gains and losses.  This adjustment, net of tax, is included with unrealized investment gains or losses that are recorded in accumulated other comprehensive (loss) income. DAC was increased by $189.8 million and $6.9 million at December 31, 2007 and 2006, respectively, to reflect unrealized losses.

VALUE OF BUSINESS AND CUSTOMER RENEWALS ACQUIRED

Value of business acquired (“VOBA”) represents the actuarially-determined present value of projected future gross profits from policies in force at the date of their acquisition.  This amount is amortized in proportion to the projected emergence of profits or premium income over the estimated life of the purchased block of business.

VOBA is also adjusted for amounts relating to unrealized investment gains and losses.  This adjustment, net of tax, is included with unrealized investment gains or losses that are recorded in accumulated other comprehensive (loss) income.  The Company’s VOBA was not adjusted for amounts relating to unrealized investment gains and losses for the year ended December 31, 2007.  VOBA was increased by $0.5 million at December 31, 2006 to account for unrealized investment losses.

The value of customer renewals acquired represents the actuarially determined present value of projected future profits arising from the existing in-force business at the date of acquisition to the next policy renewal date.  This amount is amortized in proportion to the projected premium income over the period from the first renewal date to the end of the projected life of the policies and, as such, is not adjusted for amounts relating to unrealized investment gains and losses.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

GOODWILL

Goodwill represents the difference between the purchase price paid and the fair value of the net assets acquired in connection with the Company’s acquisitions of Keyport on November 1, 2001 and the allocation of goodwill to SLNY, based on a reinsurance agreement with SLHIC, effective May 31, 2007.  Goodwill obtained in connection with the purchase of Keyport is allocated to the Wealth Management Segment.  Goodwill obtained through the reinsurance agreement with SLHIC is allocated to the Group Segment in the Company’s subsidiary, SLNY.  In accordance with SFAS No. 142, “Goodwill and Other Intangible Assets,” goodwill is tested for impairment on an annual basis.  The Company completed the required impairment tests of goodwill and indefinite-lived intangible assets during the second quarter of 2007 and concluded that these assets were not impaired.

OTHER ASSETS

Property, equipment, leasehold improvements and capitalized software costs that are included in other assets are stated at cost, less accumulated depreciation and amortization.  Depreciation and amortization are calculated using the straight-line or accelerated method over the estimated useful lives of the related assets, which generally range from 3 to 10 years.

Amortization of leasehold improvements is calculated using the straight-line method over the lesser of the term of the leases or the estimated useful life of the improvements.  Intangible assets are also included in other assets.

Intangible assets, which are recorded in other assets, consist of state insurance licenses that are not subject to amortization, product rights that have a weighted-average useful life of 7 years, and the value of distribution, which was transferred to SLNY from SLHIC.  The value of distribution represents the present value of projected future profits arising from sales of new business by brokers with whom SLHIC had an existing distribution relationship contract.  This amount is amortized on a straight-line basis over 25 years, representing the period over which the Company expects to earn premiums from new sales stemming from the added distribution capacity.

POLICY LIABILITIES AND ACCRUALS

Future contract and policy benefit liabilities include amounts reserved for future policy benefits payable upon contingent events as well as liabilities for unpaid claims due as of the statement date.  Such liabilities are established in amounts adequate to meet the estimated future obligations of policies in force.

Policy reserves for annuity contracts include liabilities held for group pension and payout annuity payments and liabilities held for product guarantees on variable annuity products, such as guaranteed minimum death benefits.  Reserves for pension and payout annuity contracts are calculated using the best-estimate interest and decrement assumptions that were set at the time that loss recognition testing resulted in additional reserves.  The Company periodically reviews its policies for loss recognition based upon management’s best estimates.  From time to time the Company may recognize a loss on certain lines of business.  For the year ended December 31, 2007 additional reserves of $31.4 million were recorded as a reduction to income and additional reserves of $7.5 million were recorded as a component of other comprehensive loss.  Reserves for guaranteed minimum death benefits and guaranteed minimum income benefits are calculated according to the methodology of AICPA Statement of Position 03-1, "Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts" ("SOP 03-1"), whereby the expected benefits provided by the guarantees are spread over the duration of the contract in proportion to the benefit assessments.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

POLICY LIABILITIES AND ACCRUALS (continued)

Policy reserves for universal life contracts are held for benefit coverages that are not fully provided for in the policy account value.  These include rider coverages, conversions from group policies, and benefits provided under market conduct settlements.

Policy reserves for group life and health contracts are calculated using standard actuarial methods recognized by the American Academy of Actuaries. For the tabular reserves, discount rates are based on the Company’s earned investment yield and the morbidity and mortality tables used are standard industry tables modified to reflect the Company’s actual experience when appropriate.  In particular, for the Company’s group known claim reserves, the mortality and morbidity tables for the early durations of claims are based exclusively on the Company’s experience, incorporating factors such as age at disability, sex and elimination period.  These reserves are computed at amounts that, with interest compounded annually at assumed rates, are expected to meet the Company’s future obligations.

Liabilities for unpaid claims consist of the estimated amount payable for claims reported but not yet settled and an estimate of claims incurred but not reported.  The amount reported is based upon historical experience, adjusted for trends and current circumstances.  Management believes that the recorded liability is sufficient to provide for the associated claims adjustment expenses.  Revisions of these estimates are included in operations in the year such refinements are made.

Contractholder deposit funds consist of policy values that accrue to the holders of universal life-type contracts and investment-related products such as deferred annuities, single premium whole life policies ("SPWL"), GICs and funding agreements.  The liabilities consist of deposits received plus interest credited, less accumulated policyholder charges, assessments, partial withdrawals and surrenders.  The liabilities are not reduced by surrender charges.

REVENUE AND EXPENSES

Premiums for traditional individual life products are considered earned revenue when due. Premiums related to group life, group stop loss, group dental and group disability insurance are recognized as earned revenue pro-rata over the contract period. The unexpired portion of these premiums is recorded as unearned premiums. Revenue from universal life-type products and investment-related products includes charges for the cost of insurance (mortality), initiation and administration of the policy and surrender charges. Revenue is recognized when the charges are assessed except that any portion of an assessment that relates to services to be provided in future years is deferred and recognized over the period during which the services are provided.

Benefits and expenses related to traditional life, annuity and disability contracts, including group policies, are recognized when incurred in a manner designed to match them with related premium revenue and to spread income recognition over the expected life of the policy.  For universal life-type and investment-type contracts, expenses include interest credited to policyholders’ accounts and death benefits in excess of account values, which are recognized as incurred.

Fees from investment advisory services are recognized as revenues when the services are provided.

INCOME TAXES

For the years ended December 31, 2007, 2006 and 2005, the Company participated in a consolidated federal income tax return with SLC – U.S. Ops Holdings and other affiliates.  For the years ended December 31, 2006 and 2005, the Company’s subsidiaries INDY and SLNY filed stand-alone federal income tax returns.  INDY, SLNY and Sun Life Vermont, a new subsidiary, will be included as part of the consolidated federal income tax return for the year ended December 31, 2007.

Deferred income taxes are recognized when assets and liabilities have different values for financial statement and tax reporting purposes, and for other temporary taxable and deductible differences as defined by SFAS No. 109, “Accounting for Income Taxes.”  These differences primarily result from policy reserves, policy acquisition expenses and unrealized gains or losses on investments.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

SEPARATE ACCOUNTS

The Company has established separate accounts applicable to various classes of contracts providing variable benefits.  Contracts for which funds are invested in separate accounts include variable life insurance and individual and group qualified and non-qualified variable annuity contracts.  Investment income and changes in mutual fund asset values are allocated to policyholders and therefore do not affect the operating results of the Company.  Assets held in the separate accounts are carried at fair value and the investment risk of such securities is retained by the contractholder.  The Company earns separate account fees for providing administrative services and bearing the mortality risks related to these contracts.  The activity of the separate accounts is not reflected in the consolidated financial statements except for:  (1) the fees the Company receives, which are assessed periodically and recognized as revenue when assessed; and (2) the activity related to the guaranteed minimum death benefit ("GMDB"), guaranteed minimum income benefit ("GMIB"), guaranteed minimum accumulation benefit ("GMAB") and guaranteed minimum withdrawal benefit ("GMWB") which is reflected in the Company’s consolidated financial statements and accompanying notes.

ACCOUNTING PRONOUNCEMENTS

New and Adopted Accounting Pronouncements

In June 2006, the FASB issued Interpretation No. 48, "Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109" ("FIN 48"), which became effective for fiscal years beginning after December 15, 2006.  FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.  The Company adopted FIN 48 on January 1, 2007, and recognized a decrease of $5.2 million in the liability for unrecognized tax benefits (“UTBs”) and related net interest, and an offsetting increase in its January 1, 2007 balance of retained earnings.

In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of Financial Assets," an amendment to SFAS No. 140.  SFAS No. 156 requires all separately recognized servicing assets and liabilities to be initially measured at fair value and permits entities to choose to either subsequently measure servicing rights at fair value and report changes in fair value in earnings, or amortize servicing rights in proportion to, and over the estimated net servicing income or loss, and assess the rights for impairment or the need for an increased obligation.  The option to subsequently measure servicing rights at fair value allows entities which utilize derivative instruments to hedge their servicing rights to account for such hedging relationships at fair value and avoid the complications of hedge accounting under SFAS No. 133.  SFAS No. 156 was effective for fiscal years beginning after September 15, 2006.  The adoption of this statement did not have a material impact on the Company’s financial position or results of operations.

In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid Financial Instruments - an amendment of FASB Statements No. 133 and 140.”  This statement amended SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities," and SFAS No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities," and resolved issues addressed in SFAS No. 133 Implementation Issue No. D1, "Application of Statement 133 to Beneficial Interests in Securitized Financial Assets."  The Company began applying SFAS No. 155 to all financial instruments acquired, issued or subject to a remeasurement event beginning January 1, 2007.  The Company elected the fair value option for $16.6 million of available-for-sale securities during the year ended December 31, 2007.  The election did not have a material impact on the Company’s results of operations.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

ACCOUNTING PRONOUNCEMENTS (CONTINUED)

New and Adopted Accounting Pronouncements (continued)

In September 2005, the American Institute of Certified Public Accountants (the "AICPA") issued Statement of Position 05-1, "Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts" ("SOP 05-1").  SOP 05-1 provides guidance on accounting by insurance enterprises for DAC on internal replacements of insurance and investment contracts.  The adoption of SOP 05-1 on January 1, 2007 did not have a material impact on the Company’s consolidated financial condition and results of operations.

Accounting Standards Not Yet Adopted

In February 2007, the FASB issued SFAS No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities,” which permits entities to choose to measure many financial instruments and certain other items at fair value (“FV option”).  The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reporting earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions.  SFAS No. 159 is effective for fiscal years beginning after November 15, 2007 and all interim periods within those fiscal years.

As of January 1, 2008, the Company has adopted the FV option for all available-for-sale fixed maturity securities attributable to certain life, health and annuity products.  At December 31, 2007 such available-for-sale securities had a market value of $10.7 billion and an amortized cost of $11.1 billion.  The adoption of the FV option does not relieve the Company from its obligation to monitor those available-for-sale securities that are in an unrealized loss position at December 31, 2007, which the Company will do through its current portfolio monitoring process.

The FV option adoption will result in a cumulative-effect adjustment to the opening balance of retained earnings, accumulated other comprehensive income, DAC, VOBA, deferred tax asset and certain other liabilities.  The Company is currently assessing the impact of the effects of this adoption.

In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements,” which defines fair value, establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements, but does not change existing guidance as to whether or not an instrument is carried at fair value.

SFAS No. 157 clarifies that fair value is an exit price, representing the amount that would be exchanged to sell an asset or transfer a liability in an orderly transaction between market participants.  The statement establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (i.e., Level 1, 2 and 3).  Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date.  Level 2 inputs are observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities.  Level 3 inputs are unobservable inputs reflecting the reporting entity’s estimates of the assumptions that market participants would use in pricing the asset or liability.  SFAS No. 157 requires that a fair value measurement technique include an adjustment for risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model, if market participants would also include such an adjustment.  Quantitative and qualitative disclosures will focus on the inputs used to measure fair value for both recurring and non-recurring fair value measurements and the effects of the measurements in the financial statements.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

ACCOUNTING PRONOUNCEMENTS (CONTINUED)

Accounting Standards Not Yet Adopted (continued)

The provisions of SFAS No. 157 are effective for fiscal years beginning after November 15, 2007, and are to be applied prospectively, except for changes in fair value measurements that result from the initial application of SFAS No. 157, which are to be recorded as an adjustment to opening retained earnings in the year of adoption.  Effective January 1, 2008, the Company adopted SFAS No. 157 and applied the provisions of the statement prospectively to assets and liabilities measured and disclosed at fair value. In addition to new disclosure requirements, the adoption of SFAS No. 157 changes the valuation of embedded derivatives associated with annuity contracts. The change in valuation of embedded derivatives associated with annuity contracts results from the incorporation of risk margins and the Company’s own credit standing in their valuation and changes to assumptions regarding policyholder lapses.  The Company is currently assessing the impact of SFAS No. 157 on its consolidated financial statements.

In December 2007, the FASB issued SFAS No. 141 (revised 2007), “Business Combinations” (“SFAS No. 141(R)”). This statement replaces SFAS No. 141 and establishes the principles and requirements for how the acquirer in a business combination: (a) measures and recognizes the identifiable assets acquired, liabilities assumed, and any noncontrolling interests in the acquired entity, (b) measures and recognizes positive goodwill acquired or a gain from bargain purchase (negative goodwill), and (c) determines the disclosure information that is useful to users of financial statements in evaluating the nature and financial effects of the business combination. Some of the significant changes to the existing accounting guidance on business combinations made by SFAS No. 141(R) include the following:

• Most of the identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquired entity shall be measured at their acquisition-date fair values rather than SFAS No. 141’s requirement to allocate the cost of an acquisition to individual assets acquired and liabilities assumed based on their estimated fair values;

• Acquisition-related costs incurred by the acquirer shall be expensed in the periods in which the costs are incurred rather than included in the cost of the acquired entity;

• Goodwill shall be measured as the excess of the consideration transferred, including the fair value of any contingent consideration, plus the fair value of any noncontrolling interest in the acquired entity, over the fair values of the acquired identifiable net assets, rather than measured as the excess of the cost of the acquired entity over the estimated fair values of the acquired identifiable net assets;

• Contractual pre-acquisition contingencies are to be recognized at their acquisition date fair values and noncontractual pre-acquisition contingencies are to be recognized at their acquisition date fair values only if it is more likely than not that the contingency gives rise to an asset or liability, whereas SFAS No. 141 generally permits the deferred recognition of pre-acquisition contingencies until the recognition criteria of SFAS No. 5, “Accounting for Contingencies” are met; and

• Contingent consideration shall be recognized at the acquisition date rather than when the contingency is resolved and consideration is issued or becomes issuable.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

ACCOUNTING PRONOUNCEMENTS (CONTINUED)

Accounting Standards Not Yet Adopted

SFAS No. 141(R) is effective for and shall be applied prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008, with earlier adoption prohibited. Assets and liabilities that arose from business combinations with acquisition dates prior to the SFAS No. 141(R) effective date shall not be adjusted upon adoption of SFAS No. 141(R) with certain exceptions for acquired deferred tax assets and acquired income tax positions. The Company expects to adopt SFAS No. 141(R) on January 1, 2009, and has not yet determined the effect of SFAS No. 141(R) on its consolidated financial statements.

In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements.”  This statement amends Accounting Research Bulletin No. 51, “Consolidated Financial Statements” (“ARB 51”). Noncontrolling interest refers to the minority interest portion of the equity of a subsidiary that is not attributable directly or indirectly to a parent. SFAS No. 160 establishes accounting and reporting standards that require for-profit entities that prepare consolidated financial statements to: (a) present noncontrolling interests as a component of equity, separate from the parent’s equity, (b) separately present the amount of consolidated net income attributable to noncontrolling interests in the income statement, (c) consistently account for changes in a parent’s ownership interests in a subsidiary in which the parent entity has a controlling financial interest as equity transactions, (d) require an entity to measure at fair value its remaining interest in a subsidiary that is deconsolidated, (e) require an entity to provide sufficient disclosures that identify and clearly distinguish between interests of the parent and interests of noncontrolling owners. SFAS No. 160 applies to all for-profit entities that prepare consolidated financial statements, and affects those for-profit entities that have outstanding noncontrolling interests in one or more subsidiaries or that deconsolidate a subsidiary. SFAS No. 160 is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008 with earlier adoption prohibited. The Company expects to adopt SFAS No. 160 on January 1, 2009 and has not yet determined the effect of SFAS No. 160 on its consolidated financial statements.

In June 2007, the AICPA issued Statement of Position 07-1, “Clarification of the Scope of the Audit and Accounting Guide Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies” (“SOP 07-1”).  SOP 07-1 provides guidance for determining whether an entity is within the scope of the AICPA Audit and Accounting Guide Investment Companies (“the Guide”).  This statement also addresses whether the specialized industry accounting principles of the Guide should be retained by a parent company in consolidation or by an investor that has the ability to exercise significant influence over the investment company and applies the equity method of accounting to its investment in the entity.  In addition, SOP 07-1 includes certain disclosure requirements for parent companies and equity method investors in investment companies that retain investment company accounting in the parent company’s consolidated financial statements or the financial statements of an equity method investor.  SOP 07-1 is effective for fiscal years beginning on or after December 15, 2007, with earlier application encouraged; however, in November 2007, the FASB decided to (1) delay indefinitely the effective date and (2) prohibit adoption by an entity that has not early adopted SOP 07-1.  The Company did not early adopt SOP 07-1.  SOP 07-1 as currently issued is not expected to have an impact on the Company’s consolidated financial condition or results of operations.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

2. MERGERS, ACQUISITIONS AND DISPOSITIONS

Effective September 27, 2007, the Company dissolved the General Partner.  The General Partner was the sole general partner in the Partnership and, as a result, the Partnership had been consolidated with the results of the Company.  The Partnership was organized to purchase subordinated debentures issued by the Parent and to issue partnership capital securities to an affiliated business trust, the Capital Trust.  Effective May 6, 2007, the Parent redeemed $600 million of 8.526% subordinated debentures issued to the Partnership and paid the Partnership an early redemption premium of $25.6 million.  Also effective May 6, 2007, the Partnership redeemed $600 million of the 8.526% partnership capital securities issued to the Capital Trust and paid a premium of $25.6 million to the Capital Trust.  The redemption had no impact on the Company’s net income.  The Partnership was cancelled effective September 27, 2007.

On September 6, 2006 the Company entered into an agreement with the CARS Trust, whereby the Company is the sole beneficiary of the trust.  As of December 31, 2007 and 2006, total assets of the CARS Trust were $57.7 million and $56.6 million, respectively.  As the sole beneficiary of the CARS Trust, the Company is required to consolidate this trust under the requirements of FIN 46.  Accordingly, the assets and liabilities of the CARS Trust are included in the Company’s consolidated financial statements.  As of December 31, 2007, the Company recorded in its consolidated balance sheets $53.8 million of trading fixed maturities, $2.9 million of deferred tax, $1.0 million of accrued investment income and $7.9 million of liabilities relating to a total return swap.  As of December 31, 2006, the Company recorded in its consolidated balance sheets $55.3 million of trading fixed maturities, $1.2 million of accrued investment income and $1.7 million of liabilities.

On April 19, 2005, the Company sold its interest in a consolidated VIE and recognized a gain of $6.1 million.  The Company received net cash proceeds of $17.0 million and reduced consolidated assets and liabilities by $74.5 million and $63.6 million, respectively. The Company’s net income for the year ended December 31, 2005 includes a net loss of $0.8 million related to this VIE.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

3. SIGNIFICANT TRANSACTIONS WITH AFFILIATES

Below is a summary of affiliated transactions for those affiliates that are not consolidated with the Company.

The Company and its subsidiaries have administrative services agreements with SLOC which provides that SLOC will furnish, as requested, certain services and facilities on a cost-reimbursement basis. Expenses under these agreements amounted to approximately $14.2 million, $9.4 million and $11.3 million for the years ended December 31, 2007, 2006 and 2005, respectively.

In accordance with an administrative service agreement between the Company and SLOC, the Company provides personnel and certain services to SLOC, as requested.  Reimbursements under this agreement, which are recorded as a reduction of other operating expenses, were approximately $301.0 million, $212.4 million and $170.4 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company has an administrative service agreement with Sun Life Information Services Canada, Inc. ("SLISC"), under which SLISC provides administrative and support services to the Company in connection with the Company’s insurance and annuity business.  Expenses under this agreement amounted to approximately $16.9 million, $10.7 million and $5.8 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company has a service agreement with Sun Life Information Services Ireland Limited ("SLISIL"), under which SLISIL provides various insurance related and information systems services to the Company.  Expenses under this agreement amounted to approximately $26.0 million, $19.6 million and $13.9 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company has an administrative services agreement with SLC - U.S. Ops Holdings, under which the Company provides administrative and investor services with respect to certain open-end management investment companies for which an affiliate, Massachusetts Financial Services Company (“MFS”), serves as the investment adviser, and which are offered to certain of the Company’s separate accounts established in connection with the variable annuity contracts issued by the Company.  Amounts received under this agreement amounted to approximately $22.3 million, $22.6 million and $23.4 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company has an administrative service agreement with SLHIC, whereby the Company provides personnel and certain services to SLHIC, as requested.  Reimbursements under this agreement, which are recorded as a reduction of other operating expenses, were $0.1 million for the year ended December 31, 2007.

The Company has an administrative service agreement with California Benefits Dental Plan (“CalBen”) whereby the Company provides personnel and certain services to CalBen, as requested.  Reimbursements under this agreement, which are recorded as a reduction of other operating expenses, were $1.1 million for the year ended December 31, 2007.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

3. SIGNIFICANT TRANSACTIONS WITH AFFILIATES (CONTINUED)

The Company has an administrative service agreement with Professional Insurance Company (“PIC”), whereby the Company provides personnel and certain services to PIC, as requested.  Reimbursements under this agreement, which are recorded as a reduction of other operating expenses, were $0.8 million for the year ended December 31, 2007.

The Company leases office space to SLOC under lease agreements with terms expiring in December 31, 2009 and options to extend the terms for each of twelve successive five-year terms at fair market rental value, not to exceed 125% of the fixed rent for the term, which is then ending.  Rent received by the Company under the leases amounted to approximately $10.6 million for each of the years ended December 31, 2007, 2006 and 2005, respectively.  Rental income is reported as a component of net investment income.

As more fully described in Note 8, the Company is party to several reinsurance transactions with SLOC and other affiliates.

Effective May 31, 2007, Sun Life Financial completed its acquisition of EBG.  Also effective May 31, 2007, SLNY entered into a series of agreements with SLHIC, one of the acquired companies, through which the New York-issued business of SLHIC was transferred to SLNY.  These agreements include a 100% coinsurance agreement for all existing and future new business issued in New York, a renewal rights agreement under which SLNY has exclusive rights to renew in-force business assumed under the reinsurance agreement and an administrative service agreement under which SLNY has agreed to assume direct responsibility for all sales and administration of existing and new business issued in New York.  These agreements, in accordance with SFAS No. 141 were treated as a transfer of net assets between entities under common control. SLNY paid $40 million of total consideration to SLHIC.  SLHIC transferred assets at carrying value of approximately $72 million, including $38.9 million of goodwill and other intangibles, as well as policyholder and other liabilities of approximately $32 million to SLNY.  The Group Protection Segment of the Company reflects a significant increase in business as a result of these agreements. These agreements have allowed the Company to expand its product offerings to include group dental insurance.

As part of the SLHIC to SLNY asset transfer, SLNY received certain intangible assets totaling $31.3 million.  These include the value of distribution, the value of business, and the value of customer renewals acquired.  The value of distribution acquired of $7.5 million is subject to amortization on a straight line basis over its projected economic life of 25 years.  The value of business acquired of $7.6 million is subject to amortization based up on expected premium income over the period from acquisition to the first customer renewal, generally not more than two years.  The value of customer renewals acquired of $16.2 million is subject to amortization based upon expected premium income over the projected life of the inforce business acquired, which is 20 years.  For the year ended December 31, 2007, the Company recorded $0.1 million, $5.9 million, and $1.9 million for amortization of the value of distribution, the value of business, and the value of customer renewals acquired, respectively.

In 2007, the Company recorded a tax benefit of $3.0 million through paid-in-capital for SLF stock options issued to employees of the Company.  In 2006, the Company recorded a tax benefit of $4.5 million through paid-in-capital for SLF stock options issued to employees of the Company.  In 2005, the Company recorded a tax benefit of $7.0 million through paid-in-capital for stock options issued to employees of the Company during 2001 through 2005.  The $7.0 million tax benefit is comprised of a $2.5 million tax benefit on expenses accrued at its indirect parent, SLF, and a $4.5 million adjustment to record the excess tax benefit over the recorded book expense for stock options exercised.

In 2006, the Company declared and paid $300.0 million in a cash dividend to the Parent.  In 2005, the Company declared and paid a $200.0 million dividend to the Parent, consisting of $150.6 million in cash and $49.4 million in notes.  The Company did not declare or pay a dividend to the Parent in 2007.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

3. SIGNIFICANT TRANSACTIONS WITH AFFILIATES (CONTINUED)

In 2004, the employees of the Company became participants in a restricted share unit (“RSU”) plan with its indirect parent, SLF.  Under the RSU plan, participants are granted units that are equivalent to one common share of SLF stock and have a fair market value of a common share of SLF stock on the date of grant.  RSUs earn dividend equivalents in the form of additional RSUs at the same rate as the dividends on common shares of SLF stock.  The redemption value, upon vesting, is the fair market value of an equal number of common shares of SLF stock.  The Company incurred expenses of $4.4 million, $7.3 million and $7.0 million relating to RSUs for the years ended December 31, 2007, 2006 and 2005, respectively.

In 2002, the Company issued two promissory notes with a combined total of $460 million to Sun Life (Hungary) Group Financing Limited Company ("Sun Life (Hungary) LLC").  The proceeds of the notes were used to purchase fixed rate government and corporate bonds.  On May 24, 2007, the Company redeemed one of the notes with a principal balance of $380 million and paid $388.7 million to Sun Life (Hungary) LLC, including $8.7 million in accrued interest.  At December 31, 2007 and 2006, the Company had $80.0 million and $460.0 million, respectively, in promissory notes issued to Sun Life (Hungary) LLC.  The Company pays interest semi-annually to Sun Life (Hungary) LLC.  Related to these promissory notes, the Company incurred interest expense of $13.3 million, $26.5 million and $26.5 million for the years ended December 31, 2007, 2006 and 2005, respectively.

At December 31, 2007 and 2006, the Company had $565.0 million of surplus notes issued to Sun Life Financial (U.S.) Finance, Inc.  The Company expensed $42.6 million for interest on these surplus notes for each of the years ended December 31, 2007, 2006 and 2005.

Effective September 27, 2007, the Company dissolved the General Partner.  The General Partner was the sole general partner in the Partnership and, as a result, the Partnership had been consolidated with the results of the Company.  The Partnership was organized to purchase subordinated debentures issued by the Parent and to issue partnership capital securities to an affiliated business trust, the Capital Trust.  The Partnership was cancelled effective September 27, 2007.

Effective May 6, 2007, the Parent redeemed $600 million of 8.526% subordinated debentures issued to the Partnership and paid the Partnership an early redemption premium of $25.6 million.  Also effective May 6, 2007, the Partnership redeemed $600 million of the 8.526% partnership capital securities issued to the Capital Trust and paid a premium of $25.6 million to the Capital Trust.  The redemption had no impact on the Company’s net income.  Related to these partnership capital securities, the Company incurred interest expense of $17.8 million, $51.2 million and $51.2 million for the years ended December 31, 2007, 2006 and 2005, respectively.  The Company also earned, through the Partnership, $17.8 million, $51.2 million and $51.2 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company purchased a total of $140.0 million in promissory notes from Massachusetts Financial Services Company in 2004 and 2003.  Interest earned for the year ended December 31, 2005 was $4.2 million.  As of December 31, 2005, the Company sold and transferred these notes to other affiliates.  On December 31, 2005, the Company sold notes with a par value of $90.0 million to Sun Life (Hungary) LLC and recognized a loss of $3.3 million.  On September 23, 2005, the Company transferred notes with a par value of $50.0 million to the Parent as a dividend.  The Company recognized a loss of $0.6 million on the transfer of the notes to the Parent.

During the years ended December 31, 2007, 2006 and 2005, the Company paid $31.3 million, $24.3 million and $23.2 million, respectively, in commission fees to Sun Life Financial Distributors, Inc. (“SLFD”).  The Company also has an agreement with SLFD and the Parent whereby the Parent provides expense reimbursements to the Company for administrative services provided by the Company to SLFD.  Related to this agreement, the Company received reimbursement of $0.6 million and $3.2 million for the years ended December 31, 2007 and 2006, respectively.  This agreement was terminated on March 2, 2007.  In addition, the Company received fee income for administrative services provided to SLFD of $7.1 million for the year ended December 31, 2005.

Effective November 7, 2007, Independent Financial Marketing Group, Inc. (“IFMG”) was sold by the Parent and is no longer an affiliate of the Company.  IFMG will continue to distribute the Company’s products.  For that period of time in 2007 during which it was still affiliated, the Company paid $22.6 million in commission fees to IFMG.  During the years ended December 31, 2006 and 2005, the Company paid $20.1 million and $25.1 million, respectively, in commission fees to IFMG.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

3. SIGNIFICANT TRANSACTIONS WITH AFFILIATES (CONTINUED)

The Company has an administrative services agreement with Sun Capital Advisers (“SCA”), a registered investment adviser, under which the Company provides administrative services with respect to certain open-end management investment companies for which SCA serves as the investment adviser, and which are offered to certain of the Company’s separate accounts established in connection with the variable contracts issued by the Company.  Amounts received under this agreement amounted to approximately $1.9 million, $1.5 million and $2.4 million for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company paid $15.9 million, $14.9 million and $16.4 million for the years ended December 31, 2007, 2006 and 2005, respectively, in investment management services fees to SCA.

Effective December 31, 2007, SLNY entered into a reinsurance agreement with SLOC under which SLOC will fund AXXX reserves, attributable to certain UL policies sold by SLNY.  Under this agreement SLNY ceded, and SLOC assumed, on a funds withheld 90% coinsurance basis certain inforce policies at December 31, 2007.  Future new business also will be reinsured under this agreement.  Under the agreement, SLNY ceded $63.1 million of policyholder balances, received a ceding commission of $54.2 million, recorded a funds withheld payable to SLOC of $71.6 million, and recorded a deferred gain of $45.7 million.

On October 31, 2007, the Company subscribed to $250,000 worth of shares of, and contributed $150 million of paid-in capital to, a newly formed wholly-owned subsidiary, Sun Life Vermont.  Sun Life Vermont is a Vermont-domiciled captive special purpose financial insurance company which, effective November 8, 2007, has entered into a reinsurance agreement with SLOC, the Company’s affiliate, under which the Sun Life Vermont assumed, and will assume, the risks of certain UL policies issued, and to be issued, by SLOC.  This agreement is described more fully in Note 8.  A long-term financing arrangement has been established with the Lender that will enable Sun Life Vermont to fund a portion of its obligations under the reinsurance agreement with SLOC.  Under this arrangement, on November 8, 2007, Sun Life Vermont issued a Surplus Note to a special-purpose entity, SUNAXXX, affiliated with the Lender.  Pursuant to an agreement between the Lender and SLC – U.S. Ops Holdings, SLC – U.S. Ops Holdings bears the ultimate obligation to repay the Lender and, as such, will consolidate SUNAXXX in accordance with FIN 46.  Sun Life Vermont has agreed to reimburse SLC – U.S. Ops Holdings for certain costs incurred in connection with the issuance of the Surplus Note.  For the year ended December 31, 2007, the amount of interest expense incurred by Sun Life Vermont was $8.6 million.

On September 12, 2006, the Company entered into a Terms Agreement (the "2006-B Terms Agreement") with its affiliates Sun Life Financial Global Funding III, L.P. (the "Issuer III"), Sun Life Financial Global Funding III, U.L.C. (the "ULC III") and Sun Life Financial Global Funding III, L.L.C. (the "LLC III"), and with Citigroup Global Markets, Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Incorporated, Banc of America Securities LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets Corporation and Wachovia Capital Markets (each, an "Initial Purchaser" and collectively, the "2006-B Initial Purchasers"), in connection with the offer and sale by the Issuer III of $750 million of Series 2006-1 Floating Rate Notes due 2013 ("2006-B Notes").  On September 21, 2006, the Company entered into another Terms Agreement (together with the original 2006-B Terms Agreement, the "2006-B Terms Agreements") with the same parties as the original 2006-B Terms Agreement in connection with the offer and sale by the Issuer III of a second tranche of $150 million of 2006-B Notes.  The payment obligations of the Issuer III for the full $900 million of 2006-B Notes are unconditionally guaranteed by the LLC III pursuant to a guarantee (the "2006-B Secured Guarantee") dated as of September 19, 2006, and the obligations of the LLC III under the 2006-B Secured Guarantee are secured by two floating rate funding agreements issued by the Company to the LLC III, one for $750 million issued on September 19, 2006 and another for $150 million issued on September 29, 2006.  Total interest credited for the funding agreements was $51.6 million and $14.9 million for the years ended December 31, 2007 and 2006, respectively.

The 2006-B Terms Agreements incorporate by reference the provisions of a Purchase Agreement dated as of September 5, 2006 by and among the Issuer III, the ULC III, the LLC III, the Company and all of the 2006-B Initial Purchasers.  Pursuant to these incorporated provisions, the Company has agreed, among other things, to indemnify each 2006 Initial Purchaser against certain securities law liabilities related to the offering of the 2006-B Notes.  In addition, the Company issued a $100 million floating rate demand note payable to the LLC III on September 19, 2006.  The Company expensed $5.8 million and $1.7 million for interest on this demand note for the years ended December 31, 2007 and 2006, respectively.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

3. SIGNIFICANT TRANSACTIONS WITH AFFILIATES (CONTINUED)

The Company has entered into an interest rate swap agreement with the LLC III with an aggregate notional amount of $900 million that effectively converts the floating rate payment obligations under the funding agreements to fixed rate obligations.  The net interest payable under this swap agreement was $0.2 million at December 31, 2007.

On May 17, 2006, the Company entered into a Terms Agreement (the "2006-A Terms Agreement") with its affiliates Sun Life Financial Global Funding II, L.P. (the "Issuer II"), Sun Life Financial Global Funding II, U.L.C. (the "ULC II") and Sun Life Financial Global Funding II, L.L.C. (the "LLC II"), and with Citigroup Global Markets, Inc. ("Citigroup"), Morgan Stanley & Co. Incorporated ("Morgan Stanley"), Banc of America Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets Corporation (collectively, with Citigroup and Morgan Stanley, the "2006-A Initial Purchasers"), in connection with the offer and sale by the Issuer II of $900 million of Series 2006-1 Floating Rate Notes due 2011 (the "2006-A Notes").  The payment obligations of the Issuer II are unconditionally guaranteed by the LLC II pursuant to a guarantee (the "2006-A Secured Guarantee"), and the obligations of the LLC II under the 2006-A Secured Guarantee are secured by a $900 million floating rate funding agreement issued by the Company to the LLC II.  The 2006-A Terms Agreement incorporates by reference the provisions of a Purchase Agreement dated as of May 15, 2006 by and among the Issuer II, the ULC II, the LLC II, the Company and the 2006-A Initial Purchasers.  Pursuant to these incorporated provisions, the Company has agreed, among other things, to indemnify each 2006 Initial Purchaser against certain securities law liabilities related to the offering of the 2006-A Notes.  Total interest credited for the funding agreement was $50.8 million and $30.7 million for the years ended December 31, 2007 and 2006, respectively.

On May 24, 2006, the Company also issued a $100 million floating rate demand note payable to the LLC II.  The Company expensed $5.7 million and $3.4 million for interest on this demand note for the years ended December 31, 2007 and 2006, respectively.

The Company has entered into an interest rate swap agreement with the LLC II with an aggregate notional amount of $900 million that effectively converts the floating rate payment obligations under the funding agreement to fixed rate obligations.

On June 3, 2005, the Company entered into a Terms Agreement (the "2005 Terms Agreement") with its affiliates, Sun Life Financial Global Funding, L.P. (the "Issuer"), Sun Life Financial Global Funding, U.L.C. (the "ULC") and Sun Life Financial Global Funding, L.L.C. (the "LLC"), and with Citigroup, Morgan Stanley, Banc of America Securities LLC, Credit Suisse First Boston LLC, J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets Corporation (collectively, the "2005 Initial Purchasers"), in connection with the offer and sale by the Issuer of $600 million of Series 2005-1 Floating Rate Notes due 2010 (the "First Tranche Notes").

On June 29, 2005, the Company entered into a Second Terms Agreement (the "Second 2005 Terms Agreement") with the Issuer, the ULC and the LLC, and with Citigroup and Morgan Stanley, in connection with the offer and sale by the Issuer of $300 million of Series 2005-1 Floating Rate Notes due 2010 (the "Second Tranche Notes").

The payment obligations of the Issuer under the First Tranche Notes and the Second Tranche Notes are unconditionally guaranteed by the LLC pursuant to a guarantee (the "2005 Secured Guarantee") dated as of June 10, 2005, and the obligations of the LLC under the 2005 Secured Guarantee are secured by two floating rate funding agreements issued by the Company to the LLC, one for $600 million issued on June 10, 2005 and one for $300 million issued on July 5, 2005.  The Company issued a total of $900 million funding agreements to the LLC in connection with the First Tranche Notes and Second Tranche Notes.  The Terms Agreement and the Second Terms Agreement incorporate by reference the provisions of a Purchase Agreement dated as of November 11, 2004 by and among the Issuer, the ULC, the LLC, the Company, and the 2005 Initial Purchasers. Pursuant to these incorporated provisions, the Company has agreed, among other things, to indemnify each 2005 Initial Purchaser against certain securities law liabilities related to the offering of the First Tranche Notes and the Second Tranche Notes.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

3. SIGNIFICANT TRANSACTIONS WITH AFFILIATES (CONTINUED)

Total interest credited for the funding agreements associated with the First Tranche Notes and Second Tranche Notes was $51.6 million, $49.5 million and $20.7 million for the years ended December 31, 2007, 2006 and 2005, respectively.

On June 10, 2005, the Company issued a $100 million floating rate demand note payable to the LLC.  The Company expensed $5.8 million, $5.5 million and $2.3 million for interest on the demand note for the years ended December 31, 2007, 2006 and 2005, respectively.

The Company has entered into two interest rate swap agreements with the LLC with an aggregate notional amount of $900 million that effectively convert the floating rate payment obligations under the funding agreements to fixed rate obligations.

The following table lists the details of notes due to affiliates at December 31, 2007 (in 000’s):

Payees	Type	Rate	Maturity	Principal	Interest  Expense
Sun Life Financial (U.S.) Finance, Inc.	Surplus	8.625%	11/06/2027	$     250,000	$        21,563
Sun Life Financial (U.S.) Finance, Inc.	Surplus	6.150%	12/15/2027	150,000	9,225
Sun Life Financial (U.S.) Finance, Inc.	Surplus	7.250%	12/15/2015	150,000	10,875
Sun Life Financial (U.S.) Finance, Inc.	Surplus	6.125%	12/15/2015	7,500	459
Sun Life Financial (U.S.) Finance, Inc.	Surplus	6.150%	12/15/2027	7,500	461
Structured Asset Repackage Company, 2007-SUNAXXX LLC	Surplus	LIBOR + 0.89%	11/8/2037	1,000,000	8,642
Sun Life (Hungary) Group Financing Limited Company	Promissory	5.710%	06/30/2012	80,000	4,568
Sun Life Financial Global Funding I, L.L.C.	Demand	LIBOR + 0.35%	07/6/2010	100,000	5,754
Sun Life Financial Global Funding II, L.L.C.	Demand	LIBOR + 0.26%	07/6/2011	100,000	5,663
Sun Life Financial Global Funding III, L.L.C.	Demand	LIBOR + 0.35%	10/6/2013	100,000	5,754
				$  1,945,000	$        72,964

The Company has significant transactions with affiliates.  Management believes inter-company revenues and expenses are calculated on a reasonable basis; however, these amounts may not necessarily be indicative of the costs that would be incurred if the Company operated on a stand-alone basis and these transactions were with unrelated parties.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS – Fixed Maturities

The amortized cost and fair value of fixed maturities at December 31, 2007, was as follows:

		Gross	Gross
	Amortized	Unrealized	Unrealized	Fair
Available-for-sale fixed maturities:	Cost	Gains	Losses	Value
Asset Backed Securities	$             827,129	$      11,436	$         (71,706)	$          766,859
Collateralized Mortgage Obligations	2,594,637	22,204	(185,362)	2,431,479
Mortgage Backed Securities	447,720	2,723	(2,244)	448,199
Foreign Government & Agency Securities	74,287	2,766	-	77,053
States & Political Subdivisions	493	6	-	499
U.S. Treasury & Agency Securities	284,811	11,462	(40)	296,233
Total non-corporate	4,229,077	50,597	(259,352)	4,020,322
Corporate securities:
Basic Industry	195,959	3,146	(3,424)	195,681
Capital Goods	424,393	8,143	(7,698)	424,838
Communications	811,426	18,403	(13,190)	816,639
Consumer Cyclical	845,981	6,415	(45,142)	807,254
Consumer Noncyclical	312,647	6,708	(2,438)	316,917
Energy	314,822	5,705	(3,292)	317,235
Finance	2,944,203	19,895	(152,604)	2,811,494
Industrial Other	272,493	6,225	(7,219)	271,499
Technology	77,817	786	(821)	77,782
Transportation	241,983	8,598	(5,061)	245,520
Utilities	1,177,596	32,001	(11,548)	1,198,049
Total Corporate	7,619,320	116,025	(252,437)	7,482,908
Total available-for-sale fixed maturities	$        11,848,397	$    166,622	$       (511,789)	$     11,503,230
	Amortized	Gross	Gross	Fair
Trading fixed maturities:	Cost	Gains	Losses	Value
Asset Backed Securities	$             105,719	$           287	$           (8,255)	$            97,751
Collateralized Mortgage Obligations	276,753	2,584	(3,519)	275,818
Mortgage Backed Securities	3,304	2	(38)	3,268
Foreign Government & Agency Securities	39,589	1,182	-	40,771
U.S. Treasury & Agency Securities	94,813	713	-	95,526
Total non-corporate	520,178	4,768	(11,812)	513,134
Corporate securities:
Basic Industry	7,417	270	(40)	7,647
Capital Goods	71,894	590	(338)	72,146
Communications	683,714	10,849	(4,105)	690,458
Consumer Cyclical	248,206	1,932	(13,458)	236,680
Consumer Noncyclical	131,746	2,199	(464)	133,481
Energy	23,609	1,745	(17)	25,337
Finance	1,886,983	15,992	(83,662)	1,819,313
Industrial Other	67,322	880	(705)	67,497
Technology	1,989	-	(21)	1,968
Transportation	40,965	1,887	(501)	42,351
Utilities	254,065	4,434	(1,500)	256,999
Total Corporate	3,417,910	40,778	(104,811)	3,353,877
Total trading fixed maturities	$          3,938,088	$      45,546	$       (116,623)	$       3,867,011

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

The amortized cost and fair value of fixed maturities at December 31, 2006, was as follows:

		Gross	Gross
	Amortized	Unrealized	Unrealized	Fair
Available-for-sale fixed maturities:	Cost	Gains	Losses	Value
Asset Backed Securities	$              915,669	$       12,660	$            (9,020)	$          919,309
Collateralized Mortgage Obligations	2,950,906	24,838	(42,598)	2,933,146
Mortgage Backed Securities	549,137	892	(7,362)	542,667
Foreign Government & Agency Securities	79,319	3,512	(283)	82,548
States & Political Subdivisions	495	32	-	527
U.S. Treasury & Agency Securities	307,580	2,637	(4,027)	306,190
Total non-corporate	4,803,106	44,571	(63,290)	4,784,387
Corporate securities:
Basic Industry	204,355	4,217	(3,182)	205,390
Capital Goods	520,338	11,507	(3,973)	527,872
Communications	1,163,026	20,149	(24,077)	1,159,098
Consumer Cyclical	1,051,633	10,127	(28,599)	1,033,161
Consumer Noncyclical	364,459	7,847	(2,302)	370,004
Energy	350,930	6,226	(3,547)	353,609
Finance	3,201,774	43,217	(33,235)	3,211,756
Industrial Other	228,442	7,446	(629)	235,259
Technology	22,779	357	(852)	22,284
Transportation	307,542	10,418	(5,458)	312,502
Utilities	1,405,066	35,310	(17,725)	1,422,651
Total Corporate	8,820,344	156,821	(123,579)	8,853,586
Total available-for-sale fixed maturities	$         13,623,450	$     201,392	$        (186,869)	$      13,637,973
Held-to-maturity fixed maturities:
Sun Life of Canada (U.S.) Holdings, Inc., 8.526%
subordinated debt, due 2027, called in 2007	$              600,000	$       30,751	$                    -	$           630,751
	Amortized	Gross	Gross	Fair
Trading fixed maturities:	Cost	Gains	Losses	Value
Asset Backed Securities	$              109,684	$         1,460	$               (316)	$           110,828
Collateralized Mortgage Obligations	239,970	2,390	(3,074)	239,286
Mortgage Backed Securities	3,917	1	(89)	3,829
Foreign Government & Agency Securities	40,274	710	(152)	40,832
U.S. Treasury & Agency Securities	796	10	-	806
Total non-corporate	394,641	4,571	(3,631)	395,581
Corporate securities:
Basic Industry	8,237	596	-	8,833
Capital Goods	71,060	540	-	71,600
Communications	735,753	5,378	(5,077)	736,054
Consumer Cyclical	279,856	2,628	(3,550)	278,934
Consumer Noncyclical	159,221	633	(901)	158,953
Energy	20,620	2,388	-	23,008
Finance	1,742,731	14,625	(7,385)	1,749,971
Industrial Other	55,950	405	(839)	55,516
Transportation	48,887	1,873	(672)	50,088
Utilities	321,776	7,476	(1,737)	327,515
Total Corporate	3,444,091	36,542	(20,161)	3,460,472
Total trading fixed maturities	$            3,838,732	$       41,113	$          (23,792)	$        3,856,053

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

The amortized cost and estimated fair value by maturity periods for fixed maturity investments are shown below.  Actual maturities may differ from contractual maturities on asset-backed and mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

		December 31, 2007
		Amortized Cost	Fair Value
Maturities of available-for-sale fixed securities:
	Due in one year or less	$                688,385	$                   688,444
	Due after one year through five years	2,051,688	2,047,417
	Due after five years through ten years	3,201,896	3,121,793
	Due after ten years	2,036,942	1,999,039
Subtotal – Maturities available-for-sale		7,978,911	7,856,693
ABS, CMO and MBS securities		3,869,486	3,646,537
Total Available-for-sale		$          11,848,397	$              11,503,230
Maturities of trading fixed securities:
	Due in one year or less	$                61,145	$                     59,773
	Due after one year through five years	2,311,208	2,264,299
	Due after five years through ten years	991,112	977,102
	Due after ten years	188,847	189,000
	Subtotal – Maturities  of trading	3,552,312	3,490,174
ABS, CMO and MBS securities		385,776	376,837
	Total Trading	$           3,938,088	$               3,867,011

Gross gains of $52.8 million, $39.2 million and $61.0 million and gross losses of $52.3 million, $92.3 million and $38.9 million were realized on the sale of fixed maturities for the years ended December 31, 2007, 2006 and 2005, respectively.

Fixed maturities with an amortized cost of approximately $12.0 million and $12.0 million at December 31, 2007 and 2006, respectively, were on deposit with federal and state governmental authorities as required by law.

As of December 31, 2007 and 2006, 96.0% and 96.5%, respectively, of the Company's fixed maturities were investment grade.  Investment grade securities are those that are rated "BBB" or better by nationally recognized rating organizations.  During 2007, 2006 and 2005, the Company incurred realized losses totaling $68.1 million, $6.3 million and $29.7 million, respectively, for other-than-temporary impairment of value of some of its fixed maturities.

The Company has made funding commitments of private placement bonds into the future.  The outstanding funding commitments for these private placement bonds amounted to $4.1 million at December 31, 2006.  There was not any outstanding commitment for these private placement bonds at December 31, 2007.

The Company had outstanding commitments with respect to funding of limited partnerships of approximately $34.9 million and $53.3 million at December 31, 2007 and 2006, respectively.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES

At December 31, 2007, the Company held $21.1 billion in invested assets and cash.  Of this balance, $15.4 billion was invested in fixed-maturity securities designated as either available-for-sale ($11.5 billion) or trading ($3.9 billion).  Of the $11.5 billion of available-for-sale fixed maturities, securities with a fair value of $7.0 billion were in an unrealized loss position totaling $511.8 million.  At December 31, 2007, 77% of securities in an unrealized loss position, based on fair value, were securities with fair value to amortized cost percentages of greater than or equal to 90%.  The total unrealized loss position for such securities was $193.8 million.

In the available-for-sale fixed maturity portfolio, securities with a fair value of $511.1 million, representing 2.4% of the total invested asset balance, were comprised of below-investment-grade or not-rated securities.  Of the total of the securities that were below-investment-grade or not-rated at December 31, 2007, securities with a fair value of $286.5 million, representing 1.4% of the total invested asset balance, were in an unrealized loss position that totaled $42.3 million.  At December 31, 2007, 53.8% of these securities in an unrealized loss position, based on fair value, were securities with fair value to amortized cost percentages of greater than or equal to 90%.

The Company’s portfolio monitoring process is designed to identify securities that may be other-than-temporarily impaired.  The Company has a Credit Committee comprised of professionals from the investment and accounting functions that meets at least quarterly to review individual issues or issuers that may be of concern.  The process involves a quarterly screening of all impaired securities, with particular attention paid to identify those securities whose fair value to amortized cost percentages have been less than 80% for an extended period of time.  Additionally, the Company screens all sales transactions which generated realized losses in excess of $1.5 million and 10% of amortized cost in order to identify identical securities or issuers which the Company continues to hold.  Discrete credit events, such as a ratings downgrade, are also used to identify securities that may be other-than-temporarily impaired.  The securities identified are then evaluated based on issuer-specific facts and circumstances, such as the issuer’s ability to meet current and future interest and principal payments, an evaluation of the issuer’s financial condition and its near term recovery prospects, difficulties being experienced by an issuer’s parent or affiliate, and management’s assessment of the outlook for the issuer’s sector.  Based on this evaluation, issues or issuers are considered for inclusion on one of the Company’s following credit lists:

“Monitor List”- Management has concluded that the fair value will increase enough to recover the Company’s amortized cost but that changes in issuer-specific facts and circumstances require monitoring on a quarterly basis.  As of December 31, 2007, securities with an amortized cost of $37.3 million and a fair value of $27.2 million were included on the Company’s Monitor List.

“Watch List”- Management has concluded that the fair value will increase enough to recover the Company’s amortized cost but that changes in issuer-specific facts and circumstances require continued monitoring during the quarter.  As of December 31, 2007, securities with an amortized cost of $65.5 million and a fair value of $56.4 million were included on the Company’s Watch List.  A security is moved from the Monitor List to the Watch List when changes in issuer-specific facts and circumstances increase the possibility that a security may become impaired within the next 24 months.

“Impaired List”- Management has concluded that the fair value will not increase enough to recover the Company’s amortized cost and an other-than-temporary-impairment charge is recorded to income or the security is sold and a realized loss is recorded as a charge to income.  Impairments are classified as either credit-related or interest-related.  The Company categorizes impairments as credit-related if there are current concerns regarding the issuers’ ability to pay all principal and interest amounts due, according to the contractual terms of the security or if the decline in fair value of the security is driven by issuer-specific credit events.  The Company characterizes impairments as interest-related if the depression in fair value of the security was due to changes in interest or general credit spread widening and for which the Company has determined it no longer has the intent or ability to hold a security until recovery to amortized cost.  For the year ended December 31, 2007, other-than-temporary impairments of $68.1 million were recorded as a charge to income.  Of this balance, $52 million was credit-related and $16.1 million was interest-related.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

At each balance sheet date, management also evaluates securities in an unrealized loss position and determines if the Company has the intent and ability to hold the securities until recovery.  If events or circumstances change, such as unexpected changes in the creditworthiness of the issuer, unanticipated changes in interest rates and/or credit spreads, changes in tax laws or accounting rules, changes in statutory capital requirements, or greater than expected liquidity needs, management will reconsider whether the Company has the intent and ability to hold a security until recovery.  If subsequent to the balance sheet date and due to an unexpected change in circumstances, the Company determines that it no longer intends to hold a security until recovery, a loss is recognized in net income in the period in which the intent to hold to recovery no longer exists.

There are inherent risks and uncertainties in management’s evaluation of securities for other-than-temporary impairment.  These risks and uncertainties include factors both external and internal to the Company, such as general economic conditions, an issuer’s financial condition or near-term recovery prospects, market interest rates, unforeseen events which affect one or more issuers or industry sectors, and portfolio management parameters, including asset mix, interest rate risk, portfolio diversification, duration matching, and greater than expected liquidity needs.  All of these factors could impact management’s evaluation of securities for other-than-temporary impairment.

The Company discontinues accruing income on all of its holdings for issuers that are in default.  Accrued income was not materially impacted by the termination of accrual accounting on these holdings for the year ended December 31, 2007.  The termination of accrual accounting on these holdings reduced previously accrued income by $0.6 million and $1.7 million for the years ended December 31, 2006 and 2005, respectively.  As of December 31, 2007 and 2006, the Company did not have any holding for issuers that were in default.  As of December 31, 2005, the fair market value of holdings for issuers in default was $24.4 million.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

Unrealized Losses

The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale fixed maturity investments, which were deemed to be temporarily impaired, aggregated by investment category, industry sector and length of time that the individual securities had been in an unrealized loss position at December 31, 2007.

	Less Than Twelve Months		Twelve Months Or More		Total
Corporate Securities	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
Basic Industry	$       86,180	$     (1,459)	$         23,229	$       (1,965)	$     109,409	$      (3,424)
Capital Goods	179,854	(5,651)	36,728	(2,047)	216,582	(7,698)
Communications	213,084	(5,172)	165,027	(8,018)	378,111	(13,190)
Consumer Cyclical	349,363	(26,136)	185,094	(19,006)	534,457	(45,142)
Consumer Noncyclical	90,795	(1,114)	22,910	(1,324)	113,705	(2,438)
Energy	100,815	(1,682)	44,034	(1,610)	144,849	(3,292)
Finance	1,539,054	(106,524)	515,945	(46,080)	2,054,999	(152,604)
Industrial Other	50,543	(7,059)	12,981	(160)	63,524	(7,219)
Technology	41,379	(100)	13,278	(721)	54,657	(821)
Transportation	102,549	(2,883)	41,601	(2,178)	144,150	(5,061)
Utilities	225,892	(4,894)	235,342	(6,654)	461,234	(11,548)
Total Corporate	2,979,508	(162,674)	1,296,169	(89,763)	4,275,677	(252,437)
Non-Corporate
Asset Backed Securities	232,353	(29,887)	267,080	(41,819)	499,433	(71,706)
Collateralized Mortgage Obligations	1,027,142	(95,499)	934,327	(89,863)	1,961,469	(185,362)
Mortgage Backed Securities	25,960	(64)	190,905	(2,180)	216,865	(2,244)
U.S. Treasury & Agency Securities	6,517	(40)	-	-	6,517	(40)
Total Non-Corporate	1,291,972	(125,490)	1,392,312	(133,862)	2,684,284	(259,352)
Grand Total	$  4,271,480	$ (288,164)	$    2,688,481	$   (223,625)	$  6,959,961	$   (511,789)

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

Unrealized Losses (continued)

The following table provides the fair value and gross unrealized losses of the Company’s available-for-sale fixed maturities investments, which were deemed to be temporarily impaired, aggregated by investment category, industry sector and length of time that individual securities have been in an unrealized loss position, at December 31, 2006:

	Less Than Twelve Months		Twelve Months Or More		Total
Corporate Securities	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
Basic Industry	$       7,750	$    (109)	$  43,426	$    (3,073)	$     51,176	$     (3,182)
Capital Goods	50,624	(399)	108,017	(3,574)	158,641	(3,973)
Communications	228,260	(4,389)	292,442	(19,688)	520,702	(24,077)
Consumer Cyclical	175,557	(3,380)	514,067	(25,219)	689,624	(28,599)
Consumer Noncyclical	138,379	(942)	33,801	(1,360)	172,180	(2,302)
Energy	75,777	(1,357)	43,064	(2,190)	118,841	(3,547)
Finance	482,642	(5,525)	874,370	(27,710)	1,357,012	(33,235)
Industrial Other	14,092	(15)	11,214	(614)	25,306	(629)
Technology	-	-	13,938	(852)	13,938	(852)
Transportation	30,905	(207)	111,423	(5,251)	142,328	(5,458)
Utilities	252,419	(3,303)	429,194	(14,422)	681,613	(17,725)
Total Corporate	1,456,405	(19,626)	2,474,956	(103,953)	3,931,361	(123,579)
Non-Corporate
Asset Backed Securities	139,558	(608)	388,329	(8,412)	527,887	(9,020)
Collateralized Mortgage Obligations	620,790	(4,296)	1,286,663	(38,303)	1,907,453	(42,599)
Mortgage Backed Securities	152,527	(661)	303,444	(6,700)	455,971	(7,361)
Foreign Government & Agency Securities	-	-	13,865	(283)	13,865	(283)
U.S. Treasury & Agency Securities	147,386	(2,026)	86,591	(2,001)	233,977	(4,027)
Total Non-Corporate	1,060,261	(7,591)	2,078,892	(55,699)	3,139,153	(63,290)
Grand Total	$2,516,666	$(27,217)	$ 4,553,848	$(159,652)	$7,070,514	$ (186,869)

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

Unrealized Losses (continued)

The following table provides the number of securities with gross unrealized losses, which were deemed to be temporarily impaired, at December 31, 2007 (not in thousands):

	Number of Securities Less Than Twelve Months	Number of Securities Twelve Months Or More	Total Number of Securities
Corporate Securities
Basic Industry	23	7	30
Capital Goods	41	15	56
Communications	63	55	118
Consumer Cyclical	93	54	147
Consumer Noncyclical	28	9	37
Energy	24	21	45
Finance	426	178	604
Industrial Other	14	3	17
Technology	7	2	9
Transportation	44	21	65
Utilities	69	66	135
Total Corporate	832	431	1,263
Non-Corporate
Asset Backed Securities	79	115	194
Collateralized Mortgage Obligations	383	351	734
Mortgage Backed Securities	14	202	216
U.S. Treasury & Agency Securities	2	-	2
Total Non-Corporate	478	668	1,146
Grand Total	1,310	1,099	2,409

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

Unrealized Losses (continued)

The following table provides the number of securities with gross unrealized losses, which were deemed to be temporarily impaired, at December 31, 2006 (not in thousands):

	Number of Securities Less Than Twelve Months	Number of Securities Twelve Months Or More	Total Number of Securities
Corporate Securities
Basic Industry	2	12	14
Capital Goods	9	15	24
Communications	22	64	86
Consumer Cyclical	28	57	85
Consumer Noncyclical	14	10	24
Energy	13	15	28
Finance	80	137	217
Industrial Other	3	2	5
Technology	-	3	3
Transportation	8	47	55
Utilities	39	55	94
Total Corporate	218	417	635
Non-Corporate
Asset Backed Securities	29	125	154
Collateralized Mortgage Obligations	139	328	467
Mortgage Backed Securities	200	288	488
Foreign Government & Agency Securities	-	3	3
U.S. Treasury & Agency Securities	10	25	35
Total Non-Corporate	378	769	1,147
Grand Total	596	1,186	1,782

The Company’s available-for-sale fixed maturity gross unrealized loss position as of December 31, 2007 was $324.9 million greater than at December 31, 2006.  The increase in unrealized losses was primarily due to general credit spread widening, partially offset by a decrease in interest rates.  Credit spreads widened primarily due to the deterioration of the sub-prime mortgage market and other liquidity disruptions, impacting the overall credit market.

Deterioration in the U.S. housing market, combined with tightened lending conditions and the market’s flight to quality securities, as well as the increased likelihood of a U.S. recession, also caused credit spreads to widen considerably.  The sectors and industries most significantly impacted include mortgage originators, home builders, financial lenders, residential and commercial mortgage backed investments, and other structured products, including consumer loan backed investments.

The sectors in the Company’s portfolio that recognized the largest unrealized losses were financial services, asset-backed and mortgage-backed securities.  As of December 31, 2007, there were 604 securities accounting for unrealized losses of $152.6 million in the Finance sector.   Of these unrealized losses, 83.4% were related to investment grade issues (rated AAA through BBB-).  As of December 31, 2007, there were 1,144 collateralized mortgage obligations, asset-backed and mortgage-backed securities accounting for unrealized losses of $259.4 million. Of the losses, 99.7% were related to investment grade issues (rated AAA through BBB-).  All securities held at December 31, 2007 were subject to the Company’s portfolio monitoring process.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

Unrealized Losses (continued)

The Company has exposure to sub-prime and Alt-a residential mortgage-backed securities.  Sub-prime mortgage lending is the origination of residential mortgage loans to customers with weak credit profiles.  Alt-A mortgage lending is the origination of residential mortgage loans to customers who have credit ratings above sub-prime, but do not conform to government sponsored standards.  The combination of these two categories of securities is considered below prime.  The Company is not an originator of residential mortgages.  The slowing U.S. housing market and relaxed underwriting standards of some originators of below-prime loans has recently led to higher delinquency and loss rates especially within the 2006 and 2007 vintage years.  Ninety-seven percent of the Company’s below-prime mortgage-backed securities, based upon fair value, were related to mortgages either issued before 2006 or having an AAA rating.  At December 31, 2007, the Company had exposure to residential sub-prime and Alt-a mortgages of $332.8 million and $176.2 million, respectively, representing approximately 2.4% of the Company's total invested assets.

Because securities issued by the same issuer with different CUSIP numbers typically have different investment characteristics, such as secured or unsecured, shorter or longer maturities, or different interest rates, management’s analyses of unrealized and realized losses are performed at the CUSIP number level.  The Company also considers the credit condition of issuers at the entity level and considers various issues affecting an issuer collectively as facts and circumstances warrant.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

OVERVIEW OF THE COMPANY’S INVESTMENT HOLDINGS AND PORTFOLIO MONITORING PROCESSES (continued)

Realized Losses

The sales of securities in the year ended December 31, 2007, which were in an unrealized loss position at the time of sale were primarily due to actual liquidity needs that were different from anticipated liquidity needs.  Management responded by selling certain securities that were in an unrealized gain position and by reconsidering the Company’s intent to hold certain securities that were in an unrealized loss position until recovery and selling them at a loss.  The objective of these sales was to keep the portfolio optimally balanced and diversified with respect to asset mix, interest rate risk, yield, duration, and credit quality.

During the year ended December 31, 2007, the Company recorded realized losses totaling $52.3 million on sales of securities with an aggregate fair value of $1.8 billion.  The average percentage of selling price to amortized cost was 97%.  The largest single trading loss during the year ended December 31, 2007, was $1.5 million.  $33.8 million of the realized losses were generated by individual losses of $0.5 million or less.

MORTGAGE LOANS AND REAL ESTATE

The Company invests in commercial first mortgage loans and real estate throughout the United States.  Investments are diversified by property type and geographic area.  Mortgage loans are collateralized by the related properties and generally are no more than 75% of the property’s value at the time that the original loan is made.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

MORTGAGE LOANS AND REAL ESTATE (continued)

The carrying value of mortgage loans and real estate investments, net of applicable reserves and accumulated depreciation, was as follows:

		December 31,
		2007	2006
Total mortgage loans		$     2,318,341	$     2,273,176
Real estate:
	Held for production of income	201,777	186,891
Total real estate		$        201,777	$        186,891
Total mortgage loans and real estate		$     2,520,118	$     2,460,067

Accumulated depreciation on real estate was $31.8 million and $27.2 million at December 31, 2007 and 2006, respectively.

The Company monitors the condition of the mortgage loans in its portfolio.  In those cases where mortgages have been restructured, values are impaired or values are impaired but mortgages are performing, appropriate allowances for losses have been made.  The Company has impaired and impaired-but-performing mortgage loans totaling $3.3 million and $3.9 million at December 31, 2007 and 2006, respectively.

Activity for the investment valuation allowances was as follows:

	Balance at			Balance at
	January 1,	Additions	Subtractions	December 31,
2007
Mortgage loans	$           3,928	$                   -	$        (640)	$           3,288
2006
Mortgage loans	$           6,272	$               400	$       (2,744)	$           3,928

Mortgage loans and real estate investments comprise the following property types and geographic regions at December 31:

	2007	2006
Property Type:
Office building	$       820,803	$      864,486
Residential	369	115,822
Retail	1,067,483	998,291
Industrial/warehouse	306,769	310,346
Apartment	109,919	-
Other	218,063	175,050
Valuation allowances	(3,288)	(3,928)
Total	$    2,520,118	$    2,460,067

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

MORTGAGE LOANS AND REAL ESTATE (continued

	2007	2006
Geographic region:
Alabama	$           9,387	$           7,824
Alaska	6,000	3,041
Arizona	449	56,964
Arkansas	59,024	474
California	132,829	179,502
Colorado	39,276	32,294
Connecticut	13,133	15,016
Delaware	7,188	20,445
Florida	269,254	264,316
Georgia	68,371	86,510
Idaho	3,885	2,635
Illinois	47,521	47,777
Indiana	32,584	23,471
Iowa	325	364
Kansas	7,853	6,089
Kentucky	29,396	32,000
Louisiana	38,470	38,314
Maine	13,425	12,508
Maryland	72,659	58,318
Massachusetts	139,203	141,485
Michigan	20,649	15,522
Minnesota	41,909	40,259
Mississippi	3,959	770
Missouri	64,624	88,348
Montana	30,843	483
Nebraska	13,457	12,615
Nevada	5,987	7,304
New Hampshire	762	961
New Jersey	37,952	44,003
New Mexico	13,787	10,097
New York	345,887	313,204
North Carolina	39,453	44,866
North Dakota	1,920	2,150
Ohio	148,743	145,692
Oklahoma	8,811	4,900
Oregon	33,852	23,910
Pennsylvania	132,665	136,091
South Carolina	33,334	31,688
South Dakota	949	977
Tennessee	39,405	41,161
Texas	348,817	295,284
Utah	27,088	30,710
Virginia	14,070	16,825
Washington	76,767	77,525
West Virginia	4,730	4,874
Wisconsin	17,785	18,663
All other	24,969	25,766
Valuation allowances	(3,288)	(3,928)
Total	$     2,520,118	$     2,460,067

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

MORTGAGE LOANS AND REAL ESTATE (continued

At December 31, 2007, scheduled mortgage loan maturities were as follows:

2008	$             32,168
2009	33,457
2010	38,630
2011	123,728
2012	84,449
Thereafter	2,005,909
Total	$         2,318,341

Actual maturities could differ from contractual maturities because borrowers may have the right to prepay obligations with or without prepayment penalties and loans may be refinanced.

The Company has made funding commitments of mortgage loans on real estate and other loans into the future. The outstanding funding commitments for these mortgages amount to $17.8 million and $99.0 million at December 31, 2007 and 2006, respectively.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

SECURITIES LENDING

The Company is engaged in certain securities lending transactions, which require the borrower to provide collateral on a daily basis, in amounts in excess of 102% of the fair value of the applicable securities loaned.  The Company retains effective control over all loaned securities and, therefore, continues to report such loaned securities as fixed maturities in its consolidated balance sheet.

Cash collateral received on securities lending transactions is reflected in other invested assets with an offsetting liability recognized in other liabilities for the obligation to return the collateral.  The fair value of collateral held and included in other invested assets was $533.5 million and $895.3 million at December 31, 2007 and 2006, respectively.  Fees earned on securities lending transactions were $2.2 million, $2.3 million and $1.9 million for the years ended December 31, 2007, 2006 and 2005, respectively.

LEVERAGED LEASES

The Company is an owner participant in a trust that is a lessor in a leveraged lease agreement entered into on October 21, 1994, under which equipment having an estimated economic life of 25-40 years was originally leased through a VIE for a term of 9.78 years.  During 2001, the lease term was extended until 2010.  The Company's equity investment in this VIE represented 8.33% of the partnership that provided 22.9% of the purchase price of the equipment.  The balance of the purchase price was furnished by third-party long-term debt financing, collateralized by the equipment, and is non-recourse to the Company.  At the end of the lease term, the master lessee may exercise a fixed price purchase option to purchase the equipment.  The leveraged lease is included as a part of other invested assets.

The Company's net investment in the leveraged lease is composed of the following elements:

	Year ended December 31,
	2007	2006
Lease contract receivable	$         12,836	$       18,631
Less: non-recourse debt	-	-
Net Receivable	12,836	18,631
Estimated value of leased assets	20,795	20,795
Less: unearned and deferred income	(4,304)	(6,506)
Investment in leveraged leases	29,327	32,920
Less: fees	(87)	(113)
Net investment in leveraged leases	$         29,240	$       32,807

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

DERIVATIVES

The Company uses derivative financial instruments for risk management purposes to hedge against specific interest rate risk, to alter investment rate exposures arising from mismatches between assets and liabilities, and to minimize the Company's exposure to fluctuations in interest rates, foreign currency exchange rates and general market conditions. The Company does not hold or issue any derivative instruments for trading purposes.

As a component of its investment strategy and to reduce its exposure to interest rate risk, the Company utilizes interest rate swap agreements.  Interest rate swap agreements are agreements to exchange with a counter-party interest rate payments of differing character (e.g., fixed-rate payments exchanged for variable-rate payments) based on an underlying principal balance (notional principal) as an economic hedge against interest rate changes. No cash is exchanged at the outset of the contract and no principal payments are made by either party.  A single net payment is usually made by one counter-party at each interest payment date. The net payment is recorded as a component of derivative income (loss). Because the underlying principal is not exchanged, the Company's maximum exposure to counter-party credit risk is the difference in payments exchanged.  The fair value of swap agreements is included with derivative instruments - receivable (positive position) or derivative instruments - payable (negative position) in the accompanying balance sheet.

The Company utilizes payer swaptions to hedge exposure to interest rate risk.  Swaptions give the buyer the option to enter into an interest rate swap per the terms of the original swaption agreement.  A premium is paid on settlement date and no further cash transactions occur until the positions expire.  At expiration, the swaption either cash settles for value, settles into an interest rate swap, or expires worthless per the terms of the original swaption agreement. Swaptions are carried at fair value which is included in derivative instruments - receivable (positive position) in the accompanying balance sheet and the change in value is offset to derivative income.

The Company utilizes over-the-counter (“OTC”) put options and exchange traded futures on the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index”) ("S&P", "S&P 500", and "Standard & Poor's" are trademarks of The McGraw Hill Companies, Inc. and have been licensed for use by the Company) and other indexes to hedge against stock market exposure inherent in the GMDB and living benefit features of the Company's variable annuities.  The Company also purchases OTC call options on the S&P 500 Index to economically hedge its obligation under certain fixed annuity contracts.  Options are carried at fair value and are included with derivative instruments - receivable in the Company’s balance sheet.

Standard & Poor’s indexed futures contracts are entered into for purposes of hedging fixed index products.  The interest credited on these 1-, 5-, 7- and 10-year term products is based on the changes in the S&P 500 Index.  On the trade date, an initial cash margin is exchanged.  Daily cash is exchanged to settle the daily variation margin and the offset is recorded in derivative income.

The Company issues annuity contracts that contain a derivative instrument that is embedded in the contract.  Upon issuing the contract, the embedded derivative is separated from the host contract (annuity contract) and is carried at fair value.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

DERIVATIVES (continued)

From 2000 through 2002, the Company marketed GICs to unrelated third parties.  Each transaction is highly-individualized but typically involves the issuance of foreign currency denominated contracts backed by cross currency swaps or equity-linked cross currency swaps.  The combination of the currency swaps with interest rate swaps allows the Company to lock in U.S. dollar fixed rate payments for the life of the contract.

Included in derivative gains (losses) are gains (losses) on the translation of foreign currency denominated GIC liabilities of $45.5 million, $(90.2) million and $197.1 million for the years ended December 31, 2007, 2006 and 2005, respectively.

Beginning in 2005, the Company marketed GICs to unrelated third parties and entered into funding agreements and interest rate swaps as part of this guaranteed investment program.  The interest rate swaps allow the Company to lock in U.S. dollar fixed rate payments for the life of the contracts.

The Company does not employ hedge accounting.  The Company believes that its derivatives provide economic hedges and the cost of formally documenting hedge effectiveness in accordance with the provisions of SFAS No.133, “Accounting for Derivative Instruments,” is not justified.  As a result, all changes in the fair value of derivatives are recorded in the current period operations as a component of derivative income.

Net derivative (loss) income for the years ended December 31 consisted of the following:

		2007		2006		2005
Net expense on swap agreements	$	6,943	$	(7,749)	$	(64,915)
Change in fair value of swap agreements (interest rate, currency, and equity)		(255,727)		8,392		101,320
Change in fair value of options, futures and embedded derivatives		55,660		8,446		(19,931)
Total derivative (losses) income	$	(193,124)	$	9,089	$	16,474

The Company is required to pledge and receive collateral for open derivative contracts.  The amount of collateral required is determined by agreed upon thresholds with the counter-parties.  The Company currently pledges cash and U.S. Treasury bonds to satisfy this collateral requirement.  At December 31, 2007 and 2006, $132.9 million and $43.0 million, respectively, of fixed maturities were pledged as collateral and are included with fixed maturities.

The Company’s underlying notional or principal amounts associated with open derivatives positions were as follows for the years ended December 31:

	2007
	Notional		Fair Value
	Principal		Asset
	Amounts		(Liability)
Interest rate swaps	$	11,423,788	$	(310,616)
Currency swaps		452,533		174,311
Credit Default Swaps		55,000		(6,915)
Equity swaps		71,656		19,361
Currency forwards		45		-
Futures		2,099,368		608
Swaptions		500,000		14
S&P 500 index call options		2,619,948		250,311
S&P 500 index put options		646,640		35,547
Total	$	17,868,978	$	162,621

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

4. INVESTMENTS (CONTINUED)

DERIVATIVES (continued)

	2006
	Notional		Fair Value
	Principal		Asset
	Amounts		(Liability)
Interest rate swaps	$	10,759,984	$	(84,860)
Currency swaps		488,377		169,618
Equity swaps		172,329		52,664
Currency forwards		3,570		2,493
Futures		1,008,792		(2,313)
Swaptions		1,500,000		1,428
S&P 500 index call options		4,166,184		337,441
S&P 500 index put options		1,103,502		16,879
Total	$	19,202,738	$	493,350

5. NET REALIZED INVESTMENT LOSSES AND GAINS

Net realized investment (losses) gains consisted of the following for the years ended December 31:

		2007		2006	2005
Fixed maturities			$          (4,107)	$          (53,120)	$           21,873
Equity securities		395		519	(6)
Mortgage and other loans		780		1,543	614
Real estate				-	318
Other invested assets			(32)	(19)	12,741
Other than temporary impairments			(68,092)	(6,329)	(29,707)
Sales of previously impaired assets			10,008	12,895	11,092
	Total	$          (61,048)		$          (44,511)	$           16,925

6. NET INVESTMENT INCOME

Net investment income consisted of the following for the years ended December 31:

		2007	2006	2005
Fixed maturities		$          863,779	$           991,738	$           921,803
Mortgages and other loans		153,228	135,515	103,253
Real estate		9,347	10,460	11,047
Policy loans		43,708	44,516	37,595
Other		44,426	38,858	55,245
	Gross investment income	1,114,488	1,221,087	1,128,943
Less: Investment expenses		15,896	15,006	16,414
	Net investment income	$       1,098,592	$        1,206,081	$        1,112,529

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

7.  FAIR VALUE OF FINANCIAL INSTRUMENTS

SFAS No. 107, "Disclosure about Fair Value of Financial Instruments," excludes certain insurance liabilities and other non-financial instruments from its disclosure requirements.  The fair value amounts presented herein do not include the expected interest margin (interest earnings over interest credited) to be earned in the future on investment-type products or other intangible items.  Accordingly, the aggregate fair value amounts presented herein do not necessarily represent the underlying value to the Company.  Likewise, care should be exercised in deriving conclusions about the Company's business or financial condition based on the fair value information presented herein.

The following table presents the carrying amounts and estimated fair values of the Company's financial instruments at December 31:

		2007		2006
		Carrying	Estimated	Carrying	Estimated
		Amount	Fair Value	Amount	Fair Value
Financial assets:
	Cash and cash equivalents	$              1,169,701	$             1,169,701	$                578,080	$                578,080
	Fixed maturities	15,370,241	15,370,241	18,094,026	18,124,777
	Equity securities	-	-	15,895	15,895
	Mortgages	2,318,341	2,324,351	2,273,176	2,267,327
	Derivative instruments -receivables	609,261	605,058	653,854	653,854
	Policy loans	712,633	712,633	709,626	709,626
	Separate accounts	24,996,603	24,996,603	21,060,255	21,060,255
Financial liabilities:
	Contractholder deposit funds and other policy liabilities	15,716,209	14,060,467	19,428,625	18,051,332
	Derivative instruments - payables	446,640	442,437	160,504	160,504
	Long-term debt to affiliates	1,945,000	2,045,867	1,325,000	1,370,223
	Partnership capital securities	-	-	607,826	630,751
	Separate accounts	24,996,603	24,996,603	21,060,255	21,060,255

The following methods and assumptions were used by the Company in determining the estimated fair value of its financial instruments:

Interest receivable on the above financial instruments is stated at carrying value which approximates fair value.

Cash and cash equivalents: The fair values of cash and cash equivalents are estimated to be cost plus accrued interest.

Fixed maturities, short term investments, and equity securities: The Company determines the fair value of its publicly traded fixed maturities using four primary pricing methods: third-party pricing services, independent dealer quotes, pricing matrices, and pricing models.  Prices are first sought from third-party pricing services; the remaining unpriced securities are priced using one of the remaining three methods.  Third-party pricing services derive the security prices through recently reported trades for identical or similar securities with adjustments for trading volumes and market observable information through the reporting date.  In the event that there are no recent market trades, pricing services and brokers may use pricing matrices and models to develop a security price based on future expected cash flows discounted at an estimated market rate using collateral performance and vintages.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

7. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED)

Investments (continued):  Structured securities, such as CMOs, CMBS, and ABS, are priced using a matrix, fair value model or independent broker quotations.  CMBS securities, which are a subset of the Company's CMO holdings, are priced using the last sale price of the day or a broker quote, if no sales were transacted that day.  Other CMOs and ABS are priced using matrices, models and independent broker quotations.  Typical inputs used by these three pricing methods include, but are not limited to, reported trades, benchmark yields, issuer spreads, bids and/or estimated cash flows and prepayment speeds.  In addition, estimates of expected future prepayments are factors in determining the price of ABS, MBS, CMBS, and CMOs.  These estimates are based on the underlying collateral and structure of the security, as well as prepayment speeds previously experienced in the market at interest rate levels projected for the underlying collateral.  Actual prepayment experience may vary from these estimates.

For privately placed fixed maturities, fair values are estimated using matrices, which take into account credit spreads for publicly traded securities of similar credit risk, maturity, prepayment and liquidity characteristics.  A portion of privately placed fixed maturities are also priced using market prices or dealer quotes.  The fair values of mortgages are estimated by discounting future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities.

The fair value of equity securities are based on quoted market prices.  Equity securities are included as a component of other invested assets.

Mortgages: The fair values of mortgage and other loans are estimated by discounting future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities.

Derivative instruments, receivables and payables: The fair values of swaps are based on current settlement values.  The current settlement values are based on dealer quotes and market prices.  Fair values for options and futures are based on dealer quotes and market prices.

Policy loans: Policy loans are stated at unpaid principal balances, which approximate fair value.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

7. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED)

Separate accounts, assets and liabilities: The estimated fair value of assets held in separate accounts is based on quoted market prices.  The fair value of liabilities related to separate accounts is the amount payable on demand, which excludes surrender charges.

Contractholder deposit funds and other policy liabilities: The fair values of the Company's general account insurance reserves and contractholder deposits under investment-type contracts (insurance, annuity and pension contracts that do not involve mortality or morbidity risks) are estimated using discounted cash flow analyses or surrender values based on interest rates currently being offered for similar contracts with maturities consistent with those remaining for all contracts being valued. Those contracts that are deemed to have short-term guarantees have a carrying amount equal to the estimated market value.  The fair values of other deposits with future maturity dates are estimated using discounted cash flows.  The fair values of S&P 500 Index and other equity linked embedded derivatives are produced using standard derivative valuation techniques.  GMABs or GMWBs are considered to be derivatives under SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities,” and are included in contractholder deposit funds.  The fair value of the embedded derivatives is calculated stochastically using risk neutral scenarios over a fifty-year projection.  Policyholder assumptions are based on experience studies and industry standards.

Long term debt: The fair value of notes payable and other borrowings are estimated using discounted cash flow analyses based upon the Company's current incremental borrowing rates for similar types of borrowings.

8. REINSURANCE

Reinsurance ceded contracts do not relieve the Company from its obligations to policyholders.  The Company remains liable to its policyholders for the portion reinsured to the extent that any reinsurer does not meet the obligations assumed under the reinsurance agreement.  To minimize its exposure to significant losses from reinsurer insolvencies, the Company regularly evaluates the financial condition of its reinsurers and monitors concentrations of credit risk.  Management believes that any liability from this contingency is unlikely.  A brief discussion of the Company’s reinsurance agreements by business segment follows.  (Also, see Note 16 for additional information on the Company's business segments.)

Wealth Management Segment

The Wealth Management Segment manages a closed block of single premium whole life (“SPWL”) insurance policies, a retirement-oriented tax-advantaged life insurance product.  The Company discontinued sales of SPWL’s in response to certain tax law changes in the 1980s.  The Company had SPWL policyholder balances of approximately $1.6 billion and $1.6 billion as of December 31, 2007 and 2006, respectively.  On December 31, 2003, this entire block of business was reinsured on a funds withheld basis with SLOC, an affiliate.

By reinsuring the SPWL policies, the Company reduced net investment income by $78.2 million, $97.0 million and $82.7 million for the years ended December 31, 2007, 2006 and 2005, respectively.  The reduction of net investment income resulting from interest paid on funds withheld includes the impact from net investment income, net derivative (loss) income and net realized investment gains.  The Company also reduced interest credited by $73.0 million, $76.0 million and $57.5 million for the years ended December 31, 2007, 2006 and 2005, respectively.  In addition, the Company increased net investment income, relating to an experience rating refund under the reinsurance agreement with SLOC, by $8.9 million, $13.0 and $13.1 million for the years ended December 31, 2007, 2006 and 2005, respectively.  The liability for the SPWL policies is included in contractholder deposit funds and other policy liabilities.

Individual Protection Segment

The Company has agreements with SLOC and several unrelated companies, which provide for reinsurance of portions of the net-amount-at-risk under certain individual variable universal life, individual private placement variable universal life, bank owned life insurance (“BOLI”), and corporate owned life insurance (“COLI”) policies. These amounts are reinsured on either a monthly renewable or a yearly renewable term basis.  Fee income was reduced by $21.6 million, $37.8 million and $33.3 million for the years ended December 31, 2007, 2006 and 2005, respectively, to account for these agreements.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

8. REINSURANCE (CONTINUED)

Pursuant to a reinsurance agreement with SLOC that was effective November 8, 2007, Sun Life Vermont will fund AXXX reserves, attributable to certain UL policies sold by SLOC through its United States branch (the "Branch").  Sun Life Vermont is reinsuring, on a coinsurance basis, a 100% quota share of SLOC's risk on the UL policies covered under the reinsurance agreement.  New UL business will also be reinsured under this agreement.  Sun Life Vermont's obligations will be secured in part through a reinsurance trust and in part on a funds-withheld basis.  On November 8, 2007 pursuant to reinsurance agreement, the Company recorded total assets of $576.9 million, including a funds withheld reinsurance receivable of $551.8 million, deferred costs of $22.4 million, and other assets of $2.8 million.  Total liabilities assumed on November 8, 2007 of $576.9 million consisted of $553.7 million in contractholder deposit account value, $20.4 million in future contract and policy benefits, and other liabilities of $2.8 million.  As of December 31, 2007, Sun Life Vermont held assumed liabilities of $577.5 million of contractholder deposits and future contract and policy benefits of $23.7 million under the reinsurance agreement and a reinsurance payable to an affiliate of $33.1 million.  At December 31, 2007, Sun Life Vermont held assets consisting of a reinsurance receivable for funds withheld of $626.6 million, a reinsurance receivable for deferred costs of $22.3 million.  In addition, the reinsurance agreement has increased revenues by approximately $29.7 million, and increased expenses by $14.4 million for the year ended December 31, 2007.

Funds withheld assets comprised of trading bonds, mortgages and derivatives, amounting to $626.6 million are being held in a separate trust account for the protection of policyholders and claimants of the Branch.  The assets of the trust are managed by SLOC with all of the investment returns, net of expenses, inuring to the Company.  The funds withheld asset is reported in reinsurance receivable.  The coinsurance treaty with funds withheld gives rise to an embedded derivative requiring that it be separated from the host reinsurance contract.  The fair value of the embedded derivative at December 31, 2007 was a $3.1 million liability.  The $3.1 million loss is included in net derivative income.

Effective December 31, 2007, SLNY entered into a reinsurance agreement with SLOC under which SLOC will fund AXXX reserves, attributable to certain UL policies sold by SLNY.  Under this agreement SLNY ceded, and SLOC assumed, on a funds withheld 90% coinsurance basis certain inforce policies at December 31, 2007.  Future new business will also be reinsured under this agreement.  Under the agreement, SLNY ceded $63.1 million of policyholder balances, received a ceding commission of $54.2 million, recorded a funds withheld payable to SLOC of $71.6 million, and recorded a deferred gain of $45.7 million.

Group Protection Segment

The Company, through its subsidiary, SLNY, has an agreement with an unrelated company whereby the unrelated company reinsures the mortality risks of the Company’s group life contracts.  Under this agreement, certain group life mortality benefits are reinsured on a yearly renewable term basis. The agreement provides that the unrelated company will reinsure amounts above $0.7 million per claim for group life contracts ceded by the Company.

The Company, through its subsidiary, SLNY, has an agreement with an unrelated company whereby the unrelated company reinsures the morbidity risks of SLNY’s group stop loss contracts.  Under this agreement, certain stop loss benefits are reinsured on a yearly renewable term basis. The agreement provides that the unrelated company will reinsure specific claims for amounts above $1.0 million per claim for stop loss contracts ceded by SLNY.  The retention limit was raised to $1.5 million for policies sold or renewed on or after January 1, 2006.

The Company, through its subsidiary, SLNY, has an agreement with an unrelated company whereby the unrelated company reinsures the morbidity risks of SLNY’s group long-term disability contracts.  Under this agreement, certain long-term disability benefits are reinsured on a yearly renewable term basis.  The agreement provides that the unrelated company will reinsure amounts in excess of $4,000 per claim per month for long-term disability contracts ceded by SLNY.  The retention limit was raised to $9,000 per claim per month for claims incurred or after January 1, 2006.

The Company, through its subsidiary, SLNY, has an agreement with an unrelated company whereby the unrelated company reinsures 100% of the risks on a quota share basis for certain specific group life and disability policies.

The Company, through its subsidiary, SLNY, has an agreement, effective May 31, 2007, to assume the net risks of SLHIC’s New York issued contracts.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

8. REINSURANCE (CONTINUED)

The effects of reinsurance were as follows:

			For the Years Ended December 31,
		2007		2006	2005
Premiums and annuity considerations:
	Direct	$             62,645		$              61,713	$              54,915
	Assumed - Affiliated	50,986		-	-
	Ceded - Affiliated	(25)		(7)	-
	Ceded - Non affiliated	(2,990)		(2,514)	(2,933)
Net premiums and annuity considerations:		$           110,616		$              59,192	$              51,982
Policyowner benefits:
	Direct	$          260,008		$            197,872	$            225,936
	Assumed - Affiliated	30,430		-	-
	Ceded - Affiliated	(27,620)		(34,524)	(34,061)
	Ceded - Non-affiliated	(33,333)		(6,378)	(4,862)
Net policyowner benefits:		$           229,485		$            156,970	$            187,013
Commission and expense:
	Direct	5,617		25,175	12,149
	Assumed – Affiliated	7,521		-	-
	Ceded - Affiliated	(502)		(200)	(602)
Net commission and expense		12,636		24,975	11,547

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9.  RETIREMENT PLANS

The Company sponsors three non-contributory defined benefit pension plans for its employees and certain affiliated employees.  These plans are the staff qualified pension plan (“retirement plan”), the agents’ qualified pension plan (“agents’ pension plan”) and the staff nonqualified pension plan (“UBF plan”). Expenses are allocated to participating companies based in a manner consistent with the allocation of employee compensation expenses.  The Company's funding policies for the two qualified pension plans are to contribute amounts which at least satisfy the minimum amount required by the Employee Retirement Income Security Act of 1974 ("ERISA").  Most pension plan assets consist of separate accounts of SLOC or other insurance company contracts.

Prior to 2006 the Company participated in the UBF plan which was sponsored by SLOC and expensed the portion of the plan cost that was allocated to the Company.  Effective January 1, 2006 the plan was divided, with the Company taking over the benefit obligation and the associated unrecognized gain/loss and prior service cost/credit.  The Company has included the allocated projected benefit obligation (“PBO”) in a separate line in the PBO reconciliation, and accounted for the plan as the Company’s own from that point forward.

The Company uses a measurement date of September 30 for its pension and other post retirement benefit plans.

On September 21, 2005, the Board of Directors of the Company approved amendments pertaining to the retirement plan including the following:

(a) To provide that no one shall become a participant in the plan after December 31, 2005;

(b) To freeze accruals under the plan as of December 31, 2005 for all participants except (i) those participants (x) who are at least age 50 and whose age plus service on January 1, 2006 equals or exceeds 60 and (y) who in 2005 chose to continue their participation in the plan (“Grandfathered participants”), (ii) those participants who are receiving severance or termination payments on December 31, 2005 and (iii) those participants who are receiving amounts paid under the Long Term Disability plan sponsored by the Company on December 31, 2005;

Due to the retirement plan changes, a $1.9 million curtailment charge was recognized in 2005.

Other post retirement benefit plans have been amended as follows:

a) To provide retiree medical coverage where the retiree pays the entire cost of coverage equal to the cost paid by active employees unless the participant is a retiree as of December 31, 2005, a "Grandfathered employee," or a “Rule 75 employee.”

A "Grandfathered employee" shall mean an active employee (i) who retires on or after January 1, 2006 and (ii) who as of January 1, 2006 is at least age 55 with 15 or more years or service and whose age plus service is at least 75.

A "Rule 75 employee" shall mean an active employee (i) who is not a Grandfathered employee, ii) who retires on or after January 1, 2006, and (iii) who, when retires, is at least age 55 with 15 or more years of service and whose age plus service is at least 75.

For Grandfathered and Rule 75 employees, retiree medical coverage is provided at a reduced cost.

On September 29, 2006, the FASB issued SFAS No. 158, “Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans,” which amends SFAS No. 87 and SFAS No. 106 to require recognition of the overfunded or underfunded status of pension and other postretirement benefit plans on the balance sheet. Under SFAS No. 158, gains and losses, prior service costs and credits, and any remaining transition amounts under SFAS No. 87 and SFAS No. 106 that have not yet been recognized through net periodic benefit cost will be recognized in accumulated other comprehensive income, net of tax effects, until they are amortized as a component of net periodic cost.  The measurement date – the date at which the benefit obligation and plan assets are measured – is required to be the Company's fiscal year end.  SFAS No. 158 is effective for publicly-held companies for fiscal years ending after December 15, 2006, except for the measurement date provisions, which are effective for fiscal years ending after December 15, 2008.  The Company adopted the balance sheet recognition provisions of SFAS No. 158 at December 31, 2006 and will adopt the year end measurement date in 2008.  As of December 31, 2007, the adoption of SFAS No. 158 as not had a material impact on the Company’s financial condition or results of operations.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9.  RETIREMENT PLANS (CONTINUED)

Effective January 1, 2007, the agents’ pension plan was amended for a cost of living adjustment for eligible participants.

The following table sets forth the change in the retirement plan, agents’ pension plan and UBF plan projected benefit obligations and assets, as well as the plans’ funded status at December 31:

	2007	2006
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$        261,380	$          229,545
Other (uninsured benefit plan split)	-	28,118
Service cost	4,108	6,024
Interest cost	15,754	15,064
Actuarial gain	(11,210)	(9,862)
Benefits paid	(8,577)	(7,509)
Plan Amendments	1,302	-
Projected benefit obligation at end of year	$          262,757	$         261,380
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$        269,712	$         252,096
Other	(262)	(496)
Actual return on plan assets	30,951	25,621
Benefits paid	(8,577)	(7,509)
Fair value of plan assets at end of year	$        291,824	$        269,712
Information on the funded status of the plan:
Funded status	$             29,067	$            8,332
4th quarter contribution	(710)	(1,108)
Prepaid benefit cost	$             28,357	$            7,224

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9.  RETIREMENT PLANS (CONTINUED)

The accumulated benefit obligation for the retirement plan, agents’ pension plan and UBF plan at December 31, 2007 and 2006 was $253.6 million and $249.4 million, respectively.

Amounts recognized in the Company’s Consolidated Balance Sheets for the retirement plan, agents’ pension plan and UBF plan consist of the following as of December 31:

	2007	2006
Other assets	$               59,423	$               38,345
Other liabilities	(31,066)	(31,121)
	$               28,357	$                7,224

Amounts recognized in the Company’s Accumulated Other Comprehensive Income (“AOCI”) consist of the following:

	2007	2006
Net actuarial gain	$              (22,103)	$              (1,923)
Prior service cost	4,529	3,564
Transition asset	(6,206)	(8,299)
	$              (23,780)	$              (6,658)

The retirement plan and agent’s pension plan are overfunded at December 31, 2007 and 2006. The funded status of the UBF plan as of December 31, 2007 and 2006 was as follows:

	2007	2006
Plan assets	$                  -	$                  -
Less: Projected benefit obligations	27,277	27,209
Funded status	$     (27,277)	$     (27,209)
Accumulated benefit obligation	$        25,138	$        24,084

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9.  RETIREMENT PLANS (CONTINUED)

The following table sets forth the components of the net periodic benefit cost and the Company’s share of net periodic benefit costs related to the retirement plan, agents’ plan, and UBF plan for the years ended December 31:

	2007	2006	2005
Components of net periodic benefit cost:
Service cost	$                     4,108	$                   6,024	$                  10,948
Interest cost	15,754	15,065	13,839
Expected return on plan assets	(21,874)	(21,672)	(20,092)
Amortization of transition obligation asset	(2,093)	(2,093)	(3,051)
Amortization of prior service cost	337	266	855
Curtailment loss	-	-	1,856
Recognized net actuarial (gain) loss	(107)	437	1,918
Net periodic benefit cost (benefit)	$                  (3,875)	$                (1,973)	$                    6,273
The Company’s share of net periodic benefit cost	$                  (3,875)	$                (1,973)	$                    4,116

Prior to becoming the plan sponsor of the UBF plan the cost allocated to the Company for its participation in the UBF Plan was $2.9 million for the year ended December 31, 2005.

Changes in the Company’s accumulated other comprehensive income related to the retirement plan, agents’ plan, and UBF plan for the following periods:

	2007	2006	2005
Net actuarial gain arising during the year	$               (20,287)	$                 (1,923)	$                            -
Net actuarial gain recognized during the year	107	-	-
Prior service cost arising during the year	1,302	3,564	-
Prior service cost recognized during the year	(337)	-	-
Transition asset recognized during the year	2,093	-	-
Transition asset arising during the year	-	(8,299)
Change in effect of additional minimum liability	-	(2,834)	2,834
Total recognized in AOCI	$               (17,122)	$                 (9,492)	$                    2,834
Total recognized in net periodic benefit cost and other comprehensive income	$              (20,997)	$               (11,465)	$                    9,107

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9. RETIREMENT PLANS (CONTINUED)

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit costs in 2008 are as follows:

Actuarial gain	$           (792)
Prior service cost	337
Transition asset	(2,093)
Total	$      (2,548)

Assumptions

Weighted average assumptions used to determine benefit obligations for the retirement plan, agents’ pension plan, and UBF plan were as follows:

	Pension Benefits
	2007	2006	2005
Discount rate	6.35%	6.0%	5.8%
Rate of compensation increase	4.0%	4.0%	4.0%

Weighted average assumptions used to determine net benefit cost for the retirement plan, agents’ pension plan, and UBF plan were as follows:

	Pension Benefits
	2007	2006	2005
Discount rate	6.0%	5.8%	6.2%
Expected long term return on plan assets	8.25%	8.75%	8.75%
Rate of compensation increase	4.0%	4.0%	4.0%

Plan Assets

The asset allocation for the Company’s retirement plan and agents’ plan assets for 2007 and 2006 measurement, and the target allocation for 2008, by asset category, are as follows:

	Target Allocation	Percentage of Plan Assets
Asset Category	2008	2007	2006
Equity Securities	60%	65%	63%
Debt Securities	25	26	27
Commercial Mortgages	15	9	10
Total	100%	100%	100%

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9. RETIREMENT PLANS (CONTINUED)

The target allocations were established to reflect the Company’s investment risk posture and to achieve the desired level of return commensurate with the needs of the fund.  The target ranges are based upon a three to five year time horizon and may be changed as circumstances warrant.

The portfolio of investments should, over a period of time, earn a gross annualized rate of return that:

1)	exceeds the assumed actuarial rate;
2)	exceeds the return of customized index created by combining benchmark returns in appropriate weightings based on an average asset mix of funds; and
3)	generates a real rate of return of at least 3% after inflation, and sufficient income or liquidity to pay retirement benefits on a timely basis.

Cash Flow

Due to the over funded status of the retirement plan and the agent’s pension plan, the Company will not be making contributions to those plans in 2008. The Company will be making a contribution of $1.3 million to the UBF plan in 2008.

The Company has estimated the following future benefit payments for the years 2008 through 2017:

	Pension Benefits
2008	9,320
2009	9,991
2010	10,629
2011	11,531
2012	12,495
2013 to 2017	76,413

Savings and Investment Plan

The Company sponsors and participates in a savings account that qualifies under Section 401(k) of the Internal Revenue Code (“the 401(k) Plan”) for which substantially all employees of at least age 21 are eligible to participate at date of hire. Under the 401(k) Plan, the Company matches, up to specified amounts, the employees’ contributions to the plan.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9. RETIREMENT PLANS (CONTINUED)

On September 21, 2005, the Board of Directors of the Company approved amendments pertaining to the 401(k) Plan including the following.

Effective January 1, 2006, the Savings and Investment Plan also includes a retirement investment account that qualifies under Section 401(a) of the Internal Revenue Code (“the RIA”).  The Company contributes a percentage of the participant’s eligible compensation determined under the following chart based on the sum of the participant’s age and service on January 1 of the applicable plan year.

Age Plus Service	Company Contribution
Less than 40	3%
At least 40 but less than 55	5%
At least 55	7%

For RIA participants who are at least age 40 on January 1, 2006 and whose age plus service on January 1, 2006 equals or exceeds 45, the Company also contributes to the RIA from January 1, 2006 through December 31, 2015, a percentage of the participant’s eligible compensation determined under the following chart based on the participant’s age and service on January 1, 2006.

	Service
Age	Less than 5 years	5 or more years
At least 40 but less than 43	3.0%	5.0%
At least 43 but less than 45	3.5%	5.5%
At least 45	4.5%	6.5%

For RIA participants who did not become participants in the retirement plan before January 1, 2006, the Company made a one-time RIA contribution in January 2006 based on their applicable percentage from the first chart above as of January 1, 2006 and their eligible compensation paid during the period beginning on their hire date and ending on December 31, 2005.

The amount of the 2007 employer contributions under the 401(k) Plan sponsorship for the Company and its affiliates was $21.8 million.  Amounts are allocated to affiliates based on their respective employees’ contributions.  The Company’s portion of the expense was $ 16.1 million, $10.8 million and $4.6 million for the years ended December 31, 2007, 2006 and 2005, respectively.  The Company’s 2005 contribution includes a $1.6 million accrued retroactive adjustment related to the January 1, 2006 amendments to the 401(k) Plan.  This retroactive adjustment was funded in 2006.

Other Post-Retirement Benefit Plans

The Company sponsors a post-retirement benefit plan for its employees and certain affiliates employees providing certain health, dental and life insurance benefits (“post-retirement benefits”) for retired employees and dependents (the “Retirement Plan”).  Expenses are allocated to participating companies based on the number of participants.  Substantially all employees of the participating companies may become eligible for these benefits if they reach normal retirement age while working for the Company, or retire early upon satisfying an alternate age plus service condition.  Life insurance benefits are generally set at a fixed amount.

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9. RETIREMENT PLANS (CONTINUED)

On May 31, 2007, as part of Sun Life Financial’s acquisition of EBG, the Company provided prior service credit under its retiree medical plan to the transferred EBG employees not currently eligible for those benefits under the corresponding Genworth plan.  Additionally, as part of the acquisition, the fair value of the liabilities assumed by the Company included the unfunded accumulated postretirement benefit obligation (“APBO”) attributable to the prior service cost associated with the transferred EBG employees.  The final purchase price was adjusted at May 31, 2007 to settle the unfunded APBO undertaken by the Company.

The following table sets forth the change in the post-retirement benefit plan’s obligations and assets, as well as the plans' funded status at December 31:

Change in benefit obligation:	2007	2006
Benefit obligation at beginning of year	$             45,852	$              51,300
Service cost	1,234	1,311
Interest cost	2,915	2,967
Actuarial loss (gain)	213	(7,220)
Benefits paid	(2,979)	(2,756)
Federal Subsidy	194	250
Unfunded APBO as a result of EBG acquisition	4,800	-
Benefit obligation at end of year	$            52,229	$              45,852
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$                        -	$                        -
Employer contributions	2,979	2,756
Benefits paid	(2,979)	(2,756)
Fair value of plan assets at end of year	$                        -	$                        -
Information on the funded status of the plan:
Funded Status	$          (52,229)	$            (45,852)
4th quarter contribution	532	600
Unrecognized prior service cost	-	-
Accrued benefit cost	$          (51,697)	$             (45,252)

Amounts recognized in the Company’s Consolidated Balance Sheets for the post-retirement benefit plan consist of the following:

	2007	2006
Other liabilities	$               (51,697)	$             (45,252)

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9. RETIREMENT PLANS (CONTINUED)

Amounts recognized in the Company’ AOCI consist of the following:

	2007	2006
Net actuarial loss	$           13,437	$           14,070
Prior service credit	(4,551)	(5,080)
	$             8,886	$             8,990

The following table sets forth the components of the net periodic post-retirement benefit costs and the Company’s allocated share for the year ended December 31:

	2007	2006	2005
Components of net periodic benefit cost
Service cost	$            1,234	$            1,311	$            1,333
Interest cost	2,915	2,967	2,994
Amortization of prior service cost	(529)	(529)	(241)
Recognized net actuarial loss	912	1,450	1,273
Net periodic benefit cost	$            4,532	$            5,199	$            5,359
The Company’s share of net periodic benefit cost	$            3,910	$            4,501	$            4,947

Changes in the Company’s AOCI for the following periods:

	2007	2006	2005
Net actuarial loss arising during the year	$                   279	$              14,070	$                        -
Net actuarial loss recognized during the year	(912)
Prior service cost arising during the year		(5,080)	-
Prior service cost recognized during the year	529
Total recognized in AOCI	$                 (104)	$                8,990	$                        -
Total recognized in net periodic benefit cost and other comprehensive income	$                3,806	$             13,491	$               4,947

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit costs in 2008 are as follows:

Actuarial loss	$ 916
Prior service credit	(529)
Transition (asset)/obligation	-
Total	$      387

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

9. RETIREMENT PLANS (CONTINUED)

Assumptions

Weighted average assumptions used to determine benefit obligations were as follows:

	Other  Benefits
	2007	2006	2005
Discount rate	6.35%	6.0%	5.8%

Weighted average assumptions used to determine net cost were as follows:

	Other  Benefits
	2007	2006	2005
Discount rate	6.0%	5.8%	6.2%

In order to measure the post-retirement benefit obligation for 2007, the Company assumed a 9% annual rate of increase in the per capita cost of covered health care benefits.  In addition, medical cost inflation is assumed to be 9.5% in 2008 and assumed to decrease gradually to 5.00% for 2013 and remain at that level thereafter.  Assumed healthcare cost trend rates have a significant effect on the amounts reported for the health care plans.  A one-percentage point change in assumed health care cost trend rates would have the following effect:

	1- Percentage-Point	1- Percentage-Point
	Increase	Decrease
Effect on Post retirement benefit obligation	$                   4,570	$                    (4,152)
Effect on total of service and interest cost	$                      397	$                       (372)

The Company has estimated the following future benefit payments for the years 2008 through 2017:

	Other Benefits	Expected Federal Subsidy
2008	$           3,146	$              236
2009	3,309	246
2010	3,474	252
2011	3,638	258
2012	3,768	260
2013 to 2017	$         20,479	$          1,226

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

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

10. FEDERAL INCOME TAXES

The Company adopted FIN 48 on January 1, 2007.  FIN 48 establishes a comprehensive reporting model which addresses how a business entity should recognize, measure, present and disclose uncertain tax positions that the entity has taken or plans to take on a tax return.

As a result of the implementation of FIN 48, the Company recognized a decrease of $5.2 million in the liability for UTBs and related net interest, which was accounted for as an increase to its January 1, 2007 balance of retained earnings.  The liability for UTBs related to permanent and temporary tax adjustments, exclusive of interest, was $63.0 million and $54.1 million at December 31, 2007 and January 1, 2007, respectively.  Of the $63.0 million, $6.4 million represents the amount of UTBs that, if recognized, would favorably affect the Company’s effective income tax rate in future periods, exclusive of any related interest.  In addition, consistent with the provisions of FIN 48, the Company reclassified $56.6 million of income taxes from deferred tax liabilities to accrued expenses and taxes at December 31, 2007.

The net increase in the tax liability for UTBs of $8.9 million since the date of adoption resulted from the following:

Balance at January 1, 2007	$	54,086
Gross increases related to tax positions in prior years		20,717
Gross decreases related to tax positions in prior years		(11,760)
Gross increases related to tax positions in current year		-
Settlements		-
Close of tax examinations/statutes of limitations		-
Balance at December 31, 2007	$	63,043

The Company has elected on a prospective basis, with the adoption of FIN 48, to recognize interest and penalties accrued related to UTBs in interest expense.  The Company had accrued $10.8 million of gross interest as of January 1, 2007.  During the year ended December 31, 2007, the Company recognized an additional $2.0 million in gross interest related to UTBs.  The Company has not accrued any penalties.

While the Company expects the amount of unrecognized tax liabilities to change in the next twelve months, it does not expect the change to have a significant impact on its results of operations or financial position.

The Company files federal income tax returns and income tax returns in various state and local jurisdictions.  With few exceptions, the Company is no longer subject to examinations by the tax authorities in these jurisdictions for tax years before 2001.  In August 2006, the IRS issued a Revenue Agent’s Report for the Company’s tax years 2001 and 2002.  The Company is currently at the Appeals Division of the IRS ("Appeals") with respect to the tax years 2001 and 2002.  In the first quarter of 2007, the IRS commenced an examination of the Company’s U.S. federal income tax returns for the tax years 2003 and 2004.  This examination is anticipated to be completed by August 1, 2008. While the final outcome of the appeal and ongoing tax examinations is not determinable, the Company does not believe that any adjustments would be material to its financial position.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

10. FEDERAL INCOME TAXES (CONTINUED)

The Company will file a consolidated return with SLC -U.S. Ops Holdings for the year ended December 31, 2007 as the Company did for the years ended December 31, 2006 and 2005. The Company’s subsidiaries, INDY and SLNY, will be included as part of the consolidation for the year ended December 31, 2007.  For the years ended December 31, 2006 and 2005, INDY and SLNY filed stand-alone federal income tax returns.  Sun Life Vermont, a new subsidiary in 2007, will also be included as part of the consolidated return for the year ended December 31, 2007.  A summary of the components of income tax expense (benefit) in the consolidated statements of income for the years ended December 31 is as follows:

		2007		2006		2005
Income tax (benefit) expense:
Current	$	(108,526)	$	(5,792)	$	11,237
Deferred		84,668		4,180		28,852
Total income tax (benefit) expense	$	(23,858)	$	(1,612)	$	40,089

Federal income taxes attributable to the Company’s consolidated operations are different from the amounts determined by multiplying income before federal income taxes by the expected federal income tax rate at 35%. The Company's effective rate differed from the federal income tax rate as follows:

		2007		2006		2005
Expected federal income tax expense	$	407	$	26,838	$	60,210
Low income housing credit		(5,490)		(6,225)		(5,947)
Separate account dividend received deduction		(11,988)		(13,090)		(10,150)
Prior year adjustments/settlements		932		(8,396)		(2,802)
FIN 48 adjustments/settlements		(6,375)		-		-
Other items		(1,775)		(844)		(1,220)
Federal income tax (benefit) expense		(24,289)		(1,717)		40,091
State income tax expense (benefit)		431		105		(2)
Total income tax (benefit) expense	$	(23,858)	$	(1,612)	$	40,089

The deferred income tax asset (liability) represents the tax effects of temporary differences between the carrying amounts of assets and liabilities used for financial reporting purposes and the amounts used for income tax purposes. The components of the Company's deferred tax assets and (liabilities) as of December 31 were as follows:

		2007		2006
Deferred tax assets:
Actuarial liabilities	$	110,617	$	128,848
Net operating loss		-		7,954
Investments, net		230,416		146,116
Total deferred tax assets		341,033		282,918
Deferred tax liabilities:
Deferred policy acquisition costs		(322,461)		(250,469)
Other		(2,627)		(28,852)
Total deferred tax liabilities		(325,088)		(279,321)
Net deferred tax asset	$	15,945	$	3,597

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

10. FEDERAL INCOME TAXES (CONTINUED)

The Company makes or receives payments under certain tax sharing agreements with SLC – U.S. Ops Holdings.  Under these agreements, such payments are determined based on the Company’s stand-alone taxable income (as if it were filing as a separate company) and based upon the SLC - U.S. Ops Holdings’ consolidated group’s overall taxable position.  Sun Life Vermont is subject to an adjustment in the amount payable or receivable under its Tax Allocation Agreement to the extent of a subsequent change in its stand-alone taxable income.  Sun Life Vermont is not required to pay SLC – U.S. Ops Holdings for changes in the consolidated federal tax liability that may result from changes in the timing of the utilization of Sun Life Vermont’s losses in the consolidated federal tax return.  The Company received income tax refunds of $16.2 million and $32.0 million in 2007 and 2005, respectively, and made income tax payments of $22.7 million in 2006.

11.  LIABILITY FOR UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSES

Activity in the liability for unpaid claims and claims adjustment expenses, which is related to the Company’s group life, group disability insurance, group dental and stop loss products is summarized below:

		2007	2006
Balance at January 1		$         36,689	$         33,141
Less reinsurance recoverable		(5,906)	(5,886)
Net balance at January 1		30,783	27,255
Incurred related to:
	Current year	96,377	26,644
	Prior years	(1,805)	(1,294)
Total incurred		94,572	25,350
Paid losses related to:
	Current year	(47,531)	(14,881)
	Prior years	(8,867)	(6,941)
Total paid		(56,398)	(21,822)
Balance at December 31		74,878	36,689
Less reinsurance recoverable		(5,921)	(5,906)
Net balance at December 31		$        68,957	$         30,783

The Company regularly updates its estimates of liabilities for unpaid claims and claims adjustment expenses as new information becomes available and events occur which may impact the resolution of unsettled claims.   Changes in prior estimates are recorded in results of operations in the year such changes are made.

As a result of changes in estimates of insured events in prior years, the liability for unpaid claims and claims adjustment expense decreased by $1.8 million and $1.3 million in 2007 and 2006, respectively.  The favorable development experienced in both years was driven mainly by better than expected loss experience in group life.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

12.  LIABILITIES FOR CONTRACT GUARANTEES

The major provisions of AICPA SOP 03-1 that affect the Company require:

o Establishment of reserves primarily related to death benefit and income benefit guarantees provided under variable annuity contracts;

o Deferral of sales inducements that meet certain criteria, and amortization using the same method used for DAC; and,

o Reporting and measuring the Company’s interest in its separate accounts as investments.

The Company offers various guarantees to certain policyholders including a return of no less than (a) total deposits made on the contract adjusted for any customer withdrawals, (b) total deposits made on the contract adjusted for any customer withdrawals plus a minimum return, or (c) the highest contract value on a specified anniversary date minus any customer withdrawals following the contract anniversary.  These guarantees include benefits that are payable in the event of death, upon annuitization, or at specified dates during the accumulation period of an annuity.

The table below represents information regarding the Company’s variable annuity contracts with guarantees at December 31, 2007:

Benefit Type	Account Balance	Net Amount at Risk 1	Average Attained Age
Minimum Death	$          17,771,546	$         1,318,150	66.4
Minimum Income	$               343,853	$              43,233	60.3
Minimum Accumulation or Withdrawal	$            5,321,780	$                4,204	62.4

The table below represents information regarding the Company’s variable annuity contracts with guarantees at December 31, 2006:

Benefit Type	Account Balance	Net Amount at Risk 1	Average Attained Age
Minimum Death	$       16,848,818	$       1,612,783	66.4
Minimum Income	$            387,699	$            56,526	60.0
Minimum Accumulation or Withdrawal	$         3,068,060	$                   41	61.9

1Net amount at risk represents the difference between guaranteed benefits and account balance.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

12.  LIABILITIES FOR CONTRACT GUARANTEES (CONTINUED)

The following roll-forward summarizes the change in reserve for the GMDBs and GMIBs for the year ended December 31, 2007:

	Guaranteed Minimum Death Benefit	Guaranteed Minimum Income Benefit	Total
Balance at January 1, 2007	$             39,923	$           1,448	$          41,371
Benefit Ratio Change / Assumption Changes	3,016	9,206	12,222
Incurred guaranteed benefits	24,841	704	25,545
Paid guaranteed benefits	(30,158)	(6,613)	(36,771)
Interest	2,051	72	2,123
Balance at December 31, 2007	$             39,673	$             4,817	$            44,490

The following roll-forward summarizes the change in reserve for the GMDBs and GMIBs for the year ended December 31, 2006:

	Guaranteed Minimum Death Benefit	Guaranteed Minimum Income Benefit	Total
Balance at January 1, 2006	$             41,749	$            3,000	$         44,749
Benefit Ratio Change / Assumption Changes	(6,594)	(925)	(7,519)
Incurred guaranteed benefits	51,255	383	51,638
Paid guaranteed benefits	(49,242)	(1,153)	(50,395)
Interest	2,755	143	2,898
Balance at December 31, 2006	$             39,923	$           1,448	$          41,371

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

12.  LIABILITIES FOR CONTRACT GUARANTEES (CONTINUED)

The liability for death and income benefit guarantees is established equal to a benefit ratio multiplied by the cumulative contract charges earned, plus accrued interest less contract benefit payments.  The benefit ratio is calculated as the estimated present value of all expected contract benefits divided by the present value of all expected contract charges.  The benefit ratio may be in excess of 100%.  For guarantees in the event of death, benefits represent the current guaranteed minimum death payments in excess of the current account balance.  For guarantees at annuitization, benefits represent the present value of the minimum guaranteed annuity benefits in excess of the current account balance.

Projected benefits and assessments used in determining the liability for contract guarantees are developed using models and stochastic scenarios that are also used in the development of estimated expected future gross profits.  Underlying assumptions for the liability related to income benefits include assumed future annuitization elections based upon factors such as eligibility conditions and the annuitant’s attained age.

The liability for guarantees is re-evaluated regularly, and adjustments are made to the liability balance through a charge or credit to policyholder benefits.

Guaranteed minimum accumulation benefits (“GMABs”) and withdrawal benefits (“GMWBs”) are considered to be derivatives under SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities," and are recorded at fair value through earnings.  The fair value of the embedded derivatives is calculated stochastically using risk neutral scenarios over a fifty-year projection.  Policyholder assumptions are based on experience studies and industry standards.  The net balance of GMABs and GMWBs constituted (a liability) an asset in the amount of $(37.4) million and $8.4 million at December 31, 2007 and 2006, respectively.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

13. DEFERRED POLICY ACQUISITION COSTS (DAC)

The changes in DAC for the years ended December 31 were as follows:

	2007		2006
Balance at January 1	$	1,234,206	$	1,341,377
Acquisition costs deferred		356,087		264,648
Amortized to expense during the year		(169,799)		(391,585)
Adjustment for unrealized investment losses during the year		182,903		19,766
Balance at December 31	$	1,603,397	$	1,234,206

14. VALUE OF BUSINESS AND CUSTOMER RENEWALS ACQUIRED

The changes in VOBA and customer renewals acquired for the years ended December 31 were as follows:

	2007		2006
Balance at January 1	$	47,744	$	53,670
Amount capitalized due to acquisition of new business		23,854		-
Amortized to expense during the year		(19,322)		(7,597)
Adjustment for unrealized investment (gains) losses during the year		(470)		1,671
Balance at December 31	$	51,806	$	47,744

Additions to VOBA and customer renewals acquired were a result of the SLHIC to SLNY asset transfer, as described in Footnote 1.  VOBA transferred was $7.6 million and the value of customer renewals transferred was $16.2 million.

15. CONSOLIDATING FINANCIAL INFORMATION

The following consolidating financial statements are provided in compliance with Regulation S-X of the U.S. Securities and Exchange Commission (the “SEC”) and in accordance with SEC Rule 12h-5.

The Company’s wholly-owned subsidiary, SLNY, sells, among other products, combination fixed and variable annuity contracts (the “contracts”) in the State of New York.  These contracts contain a fixed investment option, where interest is paid at a guaranteed rate for a specified period of time, and withdrawals made before the end of the specified period may be subject to a market value adjustment that can increase or decrease the amount of the withdrawal proceeds (the “fixed investment option period”).  Effective September 27, 2007, the Company provided a full and unconditional guarantee (the “guarantee”) of SLNY’s obligation related to SLNY contracts’ fixed investment option period related to policies currently in-force or sold on or after September 30, 2007.  The guarantee relieves SLNY of its obligation to file annual, quarterly, and current reports with the SEC on Form 10-K, Form 10-Q and Form 8-K.

In the following presentation of consolidating financial statements, the term "SLUS as Parent" is used to denote the Company as a stand-alone entity, isolated from its subsidiaries and the term "Other Subs" is used to denote the Company's other subsidiaries, with the exception of SLNY.  All consolidating financial statements are presented in thousands.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Income

For the year ended December 31, 2007

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Revenues
Premiums and annuity considerations	$	15,330	$	95,286	$	-	$	-	$	110,616
Net investment income		941,185		94,309		63,098		-		1,098,592
Net derivative loss		(185,682)		(3,967)		(3,475)		-		(193,124)
Net realized investment losses		(57,547)		(3,487)		(14)		-		(61,048)
Fee and other income		445,248		26,648		8,008		-		479,904
Subordinated notes early redemption premium		-		-		25,578		-		25,578
Total revenues		1,158,534		208,789		93,195		-		1,460,518
Benefits and Expenses
Interest credited		571,309		51,390		7,124		-		629,823
Interest expense		75,052		74		26,406		-		101,532
Policyowner benefits		155,903		69,309		4,273		-		229,485
Amortization of DAC and VOBA		165,666		19,921		3,534		-		189,121
Other operating expenses		238,810		37,061		7,944		-		283,815
Partnership capital securities early redemption payment		-		-		25,578		-		25,578
Total benefits and expenses		1,206,740		177,755		74,859		-		1,459,354
(Loss) income before income tax (benefit) expense		(48,206)		31,034		18,336		-		1,164
Income tax (benefit) expense		(40,222)		10,231		6,133		-		(23,858)
Equity in the net income of subsidiaries		33,006		-		1,811		(34,817)		-
Net income	$	25,022	$	20,803	$	14,014	$	(34,817)	$	25,022

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Income

For the year ended December 31, 2006

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Revenues
Premiums and annuity considerations	$	20,870	$	38,322	$	-	$	-	$	59,192
Net investment income		1,049,425		97,365		59,784		(493)		1,206,081
Net derivative income		8,596		-		-		493		9,089
Net realized investment losses		(38,327)		(6,081)		(103)		-		(44,511)
Fee and other income		375,144		21,083		2,395		-		398,622
Total revenues		1,415,708		150,689		62,076		-		1,628,473
Benefits and Expenses
Interest credited		573,178		56,379		3,848		-		633,405
Interest expense		79,637		-		51,157		8		130,802
Policyowner benefits		126,393		29,257		1,320		-		156,970
Amortization of DAC and VOBA		380,760		18,422		-		-		399,182
Other operating expenses		207,903		22,988		551		(8)		231,434
Total benefits and expenses		1,367,871		127,046		56,876		-		1,551,793
Income before income tax expense		47,837		23,643		5,200		-		76,680
Income tax (benefit) expense		(10,495)		7,410		1,473		-		(1,612)
Equity in the net income of subsidiaries		19,960		-		3,096		(23,056)		-
Net income	$	78,292	$	16,233	$	6,823	$	(23,056)	$	78,292

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Income

For the year ended December 31, 2005

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Revenues
Premiums and annuity considerations	$	19,735	$	32,247	$	-	$	-	$	51,982
Net investment income		958,397		94,264		59,599		269		1,112,529
Net derivative income		16,743		-		-		(269)		16,474
Net realized investment gains (losses)		20,924		(4,086)		87		-		16,925
Fee and other income		346,449		13,578		2,248		-		362,275
Total revenues		1,362,248		136,003		61,934		-		1,560,185
Benefits and Expenses
Interest credited		567,028		69,641		833		-		637,502
Interest expense		72,122		-		51,157		-		123,279
Policyowner benefits		161,350		25,663		-		-		187,013
Amortization of DAC and VOBA		234,330		9,491		-		-		243,821
Other operating expenses		172,753		23,489		301		-		196,543
Total benefits and expenses		1,207,583		128,284		52,291		-		1,388,158
Income before income tax expense, and minority interest share of loss		154,665		7,719		9,643		-		172,027
Income tax expense		34,757		2,278		3,054		-		40,089
Equity in the net income of subsidiaries		12,030		-		3,074		(15,104)		-
Minority interest share of loss		(1,214)		-		-		-		(1,214)
Net income	$	133,152	$	5,441	$	9,663	$	(15,104)	$	133,152

 SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Balance Sheets at December 31, 2007

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
ASSETS
Investments
Available-for-sale fixed maturities at fair value	$	10,157,376	$	1,288,568	$	57,286	$	-	$	11,503,230
Trading fixed maturities at fair value		3,288,671		-		578,340		-		3,867,011
Investment in subsidiaries		559,851		-		-		(559,851)		-
Mortgage loans		2,146,286		170,205		1,850		-		2,318,341
Derivative instruments – receivable		609,261		-		-		-		609,261
Limited partnerships		164,464		-		-		-		164,464
Real estate		157,147		-		44,630		-		201,777
Policy loans		686,099		118		26,416		-		712,633
Other invested assets		499,538		69,138		-		-		568,676
Cash and cash equivalents		415,494		65,901		688,306		-		1,169,701
Total investments and cash		18,684,187		1,593,930		1,396,828		(559,851)		21,115,094
Accrued investment income		268,732		15,245		6,386		-		290,363
Deferred policy acquisition costs		1,469,976		118,126		15,295		-		1,603,397
Value of business and customer renewals acquired		35,735		16,071		-		-		51,806
Net deferred tax asset		171,899		-		-		(155,954)		15,945
Goodwill		658,051		45,167		5,611		-		708,829
Receivable for investments sold		2,796		615		71		-		3,482
Reinsurance receivable		1,937,814		123,214		648,221		-		2,709,249
Other assets		278,573		32,877		155,221		(154,672)		311,999
Separate account assets		23,996,463		929,008		71,132		-		24,996,603
Total assets	$	47,504,226	$	2,874,253	$	2,298,765	$	(870,477)	$	51,806,767
LIABILITIES
Contractholder deposit funds and other policy liabilities	$	16,361,329	$	1,285,259	$	615,981	$	-	$	18,262,569
Future contract and policy benefits		706,657		93,001		23,930		-		823,588
Payable for investments purchased		169,606		635		28,969		-		199,210
Accrued expenses and taxes		169,532		22,915		85,290		(154,672)		123,065
Deferred tax liability		-		1,045		154,909		(155,954)		-
Debt payable to affiliates		945,000		-		1,000,000		-		1,945,000
Reinsurance payable to affiliate		1,574,517		117,367		-		-		1,691,884
Derivative instruments – payable		446,508		-		132		-		446,640
Other liabilities		704,467		107,458		76,136		-		888,061
Separate account liabilities		23,996,463		929,008		71,132		-		24,996,603
Total liabilities		45,074,079		2,556,688		2,056,479		(310,626)		49,376,620
STOCKHOLDER’S EQUITY
Common stock	$	6,437	$	2,100	$	2,542	$	(4,642)	$	6,437
Additional paid-in capital		2,146,436		239,963		274,555		(514,518)		2,146,436
Accumulated other comprehensive loss		(92,403)		(11,924)		(1,333)		13,257		(92,403)
Retained earnings		369,677		87,426		(33,478)		(53,948)		369,677
Total stockholder’s equity		2,430,147		317,565		242,286		(559,851)		2,430,147
Total liabilities and stockholder’s equity	$	47,504,226	$	2,874,253	$	2,298,765	$	(870,477)	$	51,806,767

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Balance Sheets at December 31, 2006

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
ASSETS
Investments
Available-for-sale fixed maturities at fair value	$	12,061,211	$	1,463,043	$	113,719	$	-	$	13,637,973
Trading fixed maturities at fair value		3,856,053		-		-		-		3,856,053
Subordinated note from affiliate held-to-maturity		-		-		600,000		-		600,000
Investment in subsidiaries		449,307		-		63,952		(513,259)		-
Mortgage loans		2,111,884		161,292		-		-		2,273,176
Derivative instruments – receivable		653,854		-		-		-		653,854
Limited partnerships		193,728		-		-		-		193,728
Real estate		157,281		-		29,610		-		186,891
Policy loans		672,553		139		36,934		-		709,626
Other invested assets		884,304		65,922		-		-		950,226
Cash and cash equivalents		513,190		54,231		10,659		-		578,080
Total investments and cash		21,553,365		1,744,627		854,874		(513,259)		23,639,607
Accrued investment income		266,141		15,125		9,952		-		291,218
Deferred policy acquisition costs		1,149,185		85,021		-		-		1,234,206
Value of business acquired		47,744		-		-		-		47,744
Net deferred tax asset		8,587		-		1,963		(6,953)		3,597
Goodwill		658,052		37,788		5,611		-		701,451
Receivable for investments sold		30,146		1,244		1,851		-		33,241
Reinsurance receivable		1,812,093		5,906		-		-		1,817,999
Other assets		136,406		15,146		1,678		-		153,230
Separate account assets		20,190,709		796,827		72,719		-		21,060,255
Total assets	$	45,852,428	$	2,701,684	$	948,648	$	(520,212)	$	48,982,548
LIABILITIES
Contractholder deposit funds and other policy liabilities	$	17,945,270	$	1,437,396	$	45,959	$	-	$	19,428,625
Future contract and policy benefits		696,012		54,100		-		-		750,112
Payable for investments purchased		210,668		5,735		2,062		-		218,465
Accrued expenses and taxes		141,607		-		213		2,875		144,695
Deferred tax liability		-		6,953		-		(6,953)		-
Debt payable to affiliates		1,325,000		-		-		-		1,325,000
Partnership capital securities		-		-		607,826		-		607,826
Reinsurance payable to affiliate		1,605,626		-		-		-		1,605,626
Derivative instruments – payable		160,504		-		-		-		160,504
Other liabilities		1,073,678		90,517		16,766		(2,875)		1,178,086
Separate account liabilities		20,190,709		796,827		72,719		-		21,060,255
Total liabilities		43,349,074		2,391,528		745,545		(6,953)		46,479,194
STOCKHOLDER’S EQUITY
Common stock	$	6,437	$	2,100	$	2,542	$	(4,642)	$	6,437
Additional paid-in capital		2,143,408		239,963		185,529		(425,492)		2,143,408
Accumulated other comprehensive  income		14,030		1,432		1,369		(2,801)		14,030
Retained earnings		339,479		66,661		13,663		(80,324)		339,479
Total stockholder’s equity		2,503,354		310,156		203,103		(513,259)		2,503,354
Total liabilities and stockholder’s equity	$	45,852,428	$	2,701,684	$	948,648	$	(520,212)	$	48,982,548

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Cash Flow

For the year ended December 31, 2007

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Cash Flows From Operating Activities:
Net income from operations	$	25,022	$	20,803	$	14,014	$	(34,817)	$	25,022
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of discount and premiums		38,661		1,782		225		-		40,668
Amortization of DAC, VOBA and SIA		165,666		19,921		3,534		-		189,121
Depreciation and amortization		6,467		164		829		-		7,460
Net loss on derivatives		124,290		3,970		3,243		-		131,503
Net realized losses on available-for-sale investments		57,547		3,487		14		-		61,048
Changes in fair value of trading investments		89,159		-		(761)		-		88,398
Net realized gains on trading investments		(3,438)		-		(1,217)		-		(4,655)
Net change in unrealized and undistributed gains in private equity limited partnerships		(23,027)		-		-		-		(23,027)
Interest credited to contractholder deposits		571,309		51,390		7,124		-		629,823
Deferred federal income taxes		(114,110)		290		157,186		-		43,366
Equity in net income of subsidiaries		(33,006)		-		(1,811)		34,817		-
Changes in assets and liabilities:
DAC and VOBA additions		(304,466)		(56,650)		(18,825)		-		(379,941)
Accrued investment income		(2,591)		(120)		3,566		-		855
Net reinsurance receivable/payable		127,619		59		(94,517)		-		33,161
Future contract and policy benefits		3,184		39,436		23,930		-		66,550
Dividends received from subsidiaries		63,995		-		-		(63,995)		-
Other, net		(122,356)		4,931		(16,931)		-		(134,356)
Purchases of trading fixed maturities, net of sales		475,340		-		(576,176)		-		(100,836)
Net cash provided by operating activities		1,145,265		89,463		(496,573)		(63,995)		674,160
Cash Flows From Investing Activities:
Sales, maturities and repayments of:
Available-for-sale fixed maturities		3,847,569		337,825		67,386		-		4,252,780
Mortgage loans		314,620		40,526		-		-		355,146
Other invested assets		669,930		24		960		(3,231)		667,683
Redemption of subordinated note from affiliate		-		-		600,000		-		600,000
Purchases of:
Available-for-sale fixed maturities		(2,366,255)		(205,932)		14,346		-		(2,557,841)
Mortgage loans		(348,256)		(49,460)		(1,850)		-		(399,566)
Real estate		(3,590)		-		(15,849)		-		(19,439)
Other invested assets		(57,864)		(3,231)		-		3,231		(57,864)
Net change in other investing activities		(365,012)		3,231		-		-		(361,781)
Net change in policy loans		(13,546)		21		10,518		-		(3,007)
Early redemption premium		-		-		25,578		-		25,578
Net cash provided by investing activities	$	1,677,596	$	123,004	$	701,089	$	-	$	2,501,689

Continued on next page

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Cash Flow (continued)

For the year ended December 31, 2007

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Cash Flows From Financing Activities:
Additions to contractholder deposit funds	$	1,725,614	$	180,702	$	18,468	$	-	$	1,924,784
Withdrawals from contractholder deposit funds		(4,132,822)		(388,199)		(12,384)		-		(4,533,405)
Repayments of debt		(380,000)		-		(600,000)		-		(980,000)
Issuance of debt		-		-		1,000,000		-		1,000,000
Dividends paid to parent		-		-		(63,995)		63,995		-
Early redemption payment		-		-		(25,578)		-		(25,578)
Additional capital contributed to subsidiaries		(156,620)		-		156,620		-		-
Other, net		23,271		6,700		-		-		29,971
Net cash used in financing activities		(2,920,557)		(200,797)		473,131		63,995		(2,584,228)
Net change in cash and cash equivalents		(97,696)		11,670		677,647		-		591,621
Cash and cash equivalents, beginning of period		513,190		54,231		10,659		-		578,080
Cash and cash equivalents, end of period	$	415,494	$	65,901	$	688,306	$	-	$	1,169,701

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Cash Flow

For the year ended December 31, 2006

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Cash Flows From Operating Activities:
Net income from operations	$	78,292	$	16,233	$	6,823	$	(23,056)	$	78,292
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of discount and premiums		53,995		3,956		801		-		58,752
Amortization of DAC and VOBA		380,760		18,422		-		-		399,182
Depreciation and amortization		4,008		-		600		-		4,608
Net gains on derivatives		(11,360)		-		-		(493)		(11,853)
Net realized losses on available-for-sale investments		38,328		6,081		102		-		44,511
Changes in fair value of trading investments		(15,235)		-		-		-		(15,235)
Net realized gains on trading investments		(373)		-		-		-		(373)
Net change in unrealized and undistributed gains in private equity limited partnerships		(29,120)		-		-		-		(29,120)
Interest credited to contractholder deposits		573,178		56,379		3,848		-		633,405
Deferred federal income taxes		(6,146)		10,193		133		-		4,180
Equity in net income of subsidiaries		(19,960)		-		(3,096)		23,056		-
Changes in assets and liabilities:
Deferred acquisition cost additions		(238,986)		(23,909)		-		-		(262,895)
Accrued investment income		(32,925)		3,275		(61)		-		(29,711)
Net reinsurance receivable/payable		77,083		(20)		-		-		77,063
Future contract and policy benefits		(9,725)		3,106		-		-		(6,619)
Dividends received from subsidiaries		8,000		-		-		(8,000)		-
Other, net		39,943		(24,855)		(1,313)		493		14,268
Purchases of trading fixed maturities, net of sales		(1,866,153)		-		-		-		(1,866,153)
Net cash (used in) provided by operating activities		(976,396)		68,861		7,837		(8,000)		(907,698)
Cash Flows From Investing Activities:
Sales, maturities and repayments of:
Available-for-sale fixed maturities		5,041,508		757,662		73,020		-		5,872,190
Mortgage loans		218,849		29,415		-		-		248,264
Other invested assets		184,646		-		-		-		184,646
Purchases of:
Available-for-sale fixed maturities		(3,380,467)		(549,218)		(72,559)		-		(4,002,244)
Mortgage loans		(734,307)		(46,285)		-		-		(780,592)
Real estate		(20,464)		-		(155)		-		(20,619)
Other invested assets		(423,635)		(65,858)		-		-		(489,493)
Net change in other investing activities		333,669		65,845		-		-		399,514
Net change in policy loans		(9,979)		49		2,073		-		(7,857)
Net cash provided by investing activities	$	1,209,820	$	191,610	$	2,379	$	-	$	1,403,809

Continued on next page

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Cash Flow (continued)

For the year ended December 31, 2006

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Cash Flows From Financing Activities:
Additions to contractholder deposit funds	$	3,395,794	$	121,837	$	-	$	2,507	$	3,520,138
Withdrawals from contractholder deposit funds		(3,301,631)		(382,617)		(3,596)		(2,507)		(3,690,351)
Issuance of debt		200,000		-		-		-		200,000
Dividends paid to parent		(300,000)		-		(8,000)		8,000		(300,000)
Additional capital contributed to subsidiaries		(265)		-		265		-		-
Other, net		4,528		-		-		-		4,528
Net cash provided by (used in) financing activities		(1,574)		(260,780)		(11,331)		8,000		(265,685)
Net change in cash and cash equivalents		231,850		(309)		(1,115)		-		230,426
Cash and cash equivalents, beginning of period		281,340		54,540		11,774		-		347,654
Cash and cash equivalents, end of period	$	513,190	$	54,231	$	10,659	$	-	$	578,080

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Cash Flow

For the year ended December 31, 2005

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Cash Flows From Operating Activities:
Net income from operations	$	133,152	$	5,441	$	9,663	$	(15,104)	$	133,152
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Minority interest in loss		(1,214)		-		-		-		(1,214)
Amortization of discount and premiums		63,251		7,224		882		-		71,357
Amortization of DAC and VOBA		234,330		9,491		-		-		243,821
Depreciation and amortization		3,338		-		647		-		3,985
Net (gains) losses on derivatives		(77,294)		-		-		269		(77,025)
Net realized (gain) loss on available-for-sale investments		(20,924)		4,086		(87)		-		(16,925)
Changes in fair value of trading investments		80,324		-		-		-		80,324
Net realized gains on trading		(11,162))		-		-		-		(11,162)
Net change in unrealized and undistributed gains in private equity limited partnerships		(48,244)		-		-		-		(48,244)
Interest credited to contractholder deposits		567,028		69,641		833		-		637,502
Deferred federal income taxes		22,860		(947)		134		-		22,047
Equity in net income of subsidiaries		(12,030)		-		(3,074)		15,104		-
Changes in assets and liabilities:
Deferred acquisition cost additions		(252,271)		(9,646)		-		-		(261,917)
Accrued investment income		17,191		844		(119)		-		17,916
Net reinsurance receivable/payable		85,381		495		-		-		85,876
Future contract and policy benefits		24,387		736		-		-		25,123
Other, net		25,350		29,109		(654)		(269)		53,536
Purchases of trading fixed maturities, net of sales		(651,921)		-		-		-		(651,921)
Net cash (used in) provided by operating activities		181,532		116,474		8,225		-		306,231
Cash Flows From Investing Activities:
Sales, maturities and repayments of:
Available-for-sale fixed maturities		4,955,938		673,665		55,405		-		5,685,008
Mortgage loans		109,854		7,584		-		-		117,438
Real estate		947		-		-		-		947
Other invested assets		483,700		-		-		-		483,700
Net cash from sale of subsidiary		17,040		-		-		-		17,040
Purchases of:
Available-for-sale fixed maturities		(4,642,052)		(568,813)		(58,346)		-		(5,269,211)
Mortgage loans		(374,931)		(15,445)		-		-		(390,376)
Real estate		(6,264)		-		(384)		-		(6,648)
Other invested assets		(171,539)		-		-		-		(171,539)
Net change in other investing activities		(239,910)		-		-		-		(239,910)
Net change in policy loans		(5,471)		(35)		42		-		(5,464)
Net change in short-term investments		(4,576)		-		-		-		(4,576)
Net cash provided by investing activities	$	122,736	$	96,956	$	(3,283)	$	-	$	216,409

Continued on next page

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

15. CONSOLIDATING FINANCIAL INFORMATION (CONTINUED)

Consolidating Statements of Cash Flow (continued)

For the year ended December 31, 2005

	SLUS as Parent		SLNY		Other Subs		Elimination		Consolidated Company
Cash Flows From Financing Activities:
Additions to contractholder deposit funds	$	2,663,596	$	53,495	$	-	$	3050	$	2,720,141
Withdrawals from contractholder deposit funds		(3,142,775)		(255,647)		(2,996)		(3050)		(3,404,468)
Issuance of debt		100,000		-		-		-		100,000
Dividends paid to parent		(150,600)		-		-		-		(150,600)
Additional capital contributed to subsidiaries		(340)		-		340		-		-
Other, net		6,992		-		-		-		6,992
Net cash provided by (used in) financing activities		(523,127)		(202,152)		(2,656)		-		(727,935)
Net change in cash and cash equivalents		(218,859)		11,278		2,286		-		(205,295)
Cash and cash equivalents, beginning of period		500,199		43,262		9,488		-		552,949
Cash and cash equivalents, end of period	$	281,340	$	54,540	$	11,774	$	-	$	347,654

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

16. SEGMENT INFORMATION

As described below, the Company conducts business principally in three operating segments and maintains a Corporate Segment to provide for the capital needs of the three operating segments and to engage in other financing related activities. Each segment is defined consistently with the way results are evaluated by the chief operating decision-maker.

Net investment income is allocated based on segmented assets by line of business.  Allocations of operating expenses among segments are made using both standard rates and actual expenses incurred.  Management evaluates the results of the operating segments on an after-tax basis.  The Company does not depend on one or a few customers, brokers or agents for a significant portion of its operations.

Effective January 1, 2006, the Company adopted a new capital allocation methodology for measurement of segment operating results to more closely align with rating agency standards.  The changes impact the amount of capital and income on capital that is allocated to the Wealth Management, Individual Protection and Group Protection Segments from the Corporate Segment.

Wealth Management

The Wealth Management Segment markets, sells and administers funding agreements, individual and group variable annuity products, individual and group fixed annuity products and other retirement benefit products.  These contracts may contain any of a number of features including variable or fixed interest rates and equity index options and may be denominated in foreign currencies.  The Company uses derivative instruments to manage the risks inherent in the contract options.  Additionally, the Company consolidates the CARS Trust as a component of the Wealth Management Segment.

Individual Protection

The Individual Protection Segment markets, sells and administers a variety of life insurance products sold to individuals and corporate owners of life insurance. The products include whole life, universal life and variable life products.

Group Protection

The Group Protection Segment markets, sells and administers group life, long-term disability, short-term disability, dental and stop loss insurance to small and mid-size employers in the State of New York, through the Company's subsidiary, SLNY.

Corporate

The Corporate Segment includes the unallocated capital of the Company, its debt financing, certain consolidated investments in VIEs, and items not otherwise attributable to the other segments.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

16. SEGMENT INFORMATION (CONTINUED)

The following amounts pertain to the various business segments:

	Year ended December 31, 2007
	Wealth	Individual	Group
	Management	Protection	Protection	Corporate	Totals
Total revenues	$        1,087,817	$        184,315	$        97,657	$     90,729	$    1,460,518
Total expenditures	1,139,538	148,122	93,950	77,744	1,459,354
(Loss) income before income tax (benefit) expense	(51,721)	36,193	3,707	12,985	1,164
Net (loss) income	(19,734)	23,665	2,409	18,682	25,022
Total assets	$      39,855,777	$   10,767,117	$      121,096	$1,062,777	$  51,806,767
	Year ended December 31, 2006
	Wealth	Individual	Group
	Management	Protection	Protection	Corporate	Totals
Total revenues	$        1,386,626	$         101,447	$       39,833	$   100,567	$    1,628,473
Total expenditures	1,354,554	95,815	35,356	66,068	1,551,793
Income before income tax expense	32,072	5,632	4,477	34,499	76,680
Net income	39,857	3,801	2,910	31,724	78,292
Total assets	$      41,485,295	$     5,784,705	$       78,838	$1,633,710	$  48,982,548
	Year ended December 31, 2005
	Wealth	Individual	Group
	Management	Protection	Protection	Corporate	Totals
Total revenues	$        1,342,509	$           74,535	$         32,604	$   110,537	$    1,560,185
Total expenditures	1,220,198	70,991	32,333	64,636	1,388,158
Income before income tax expense and minority interest	122,311	3,544	271	45,901	172,027
Net income	93,570	2,443	176	36,963	133,152
Total assets	$      38,631,963	$      6,005,424	$         55,319	$1,314,140	$  46,006,846

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

17.  REGULATORY FINANCIAL INFORMATION

The Company and its insurance subsidiaries are required to file annual statements with state regulatory authorities prepared on a statutory accounting basis prescribed or permitted by such authorities.  For the years ended December 31, 2007, 2006 and 2005, there were no permitted practices followed.  Statutory surplus differs from stockholder's equity reported in accordance with GAAP primarily because policy acquisition costs are expensed when incurred, policy liabilities are based on different assumptions, investments are valued differently, post-retirement benefit costs are based on different assumptions, and deferred income taxes are calculated differently.  The Company’s statutory financials are not prepared on a consolidated basis.

At December 31, the Company and its insurance subsidiaries combined statutory capital and surplus and net income were as follows:

	Unaudited for the Years ended December 31,
	2007	2006	2005
Statutory capital and surplus	$       1,790,457	$       1,610,425	$       1,778,241
Statutory net (loss) income	(913,114)	123,305	140,827

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

18. DIVIDEND RESTRICTIONS

The Company’s and its insurance company subsidiaries’ ability to pay dividends is subject to certain statutory restrictions.  Delaware, New York, Rhode Island, and Vermont have enacted laws governing the payment of dividends to stockholders by domestic insurers.

Pursuant to Delaware's statute, the maximum amount of dividends and other distributions that a domestic insurer may pay in any twelve-month period without prior approval of the Delaware Commissioner of Insurance is limited to the greater of (i) ten percent of its statutory surplus as of the preceding December 31, or (ii) the individual company's statutory net gain from operations for the preceding calendar year.  Any dividends to be paid by an insurer from a source other than statutory surplus, whether or not in excess of the aforementioned threshold, would also require the prior approval of the Delaware Commissioner of Insurance.  The Company is permitted to pay dividends up to a maximum of $179.0 million in 2008 without prior approval from the Delaware Commissioner of Insurance.

In 2007, the Company did not pay any dividends to the Parent.  In 2006, the Company’s board of directors approved and the Company paid a $300.0 million dividend to the Parent.  In 2005, the Company’s board of directors approved and the Company paid a $200.0 million dividend to the Parent, consisting of $150.6 million in cash and $49.4 million in notes.

New York law permits a domestic stock life insurance company to distribute a dividend to its shareholders without prior notice to the New York Superintendent of Insurance, where the aggregate amount of such dividends in any calendar year does not exceed the lesser of: (i) ten percent of its surplus to policyholders as of the immediately preceding calendar year; or (ii) its net gain from operations for the immediately preceding calendar year, not including realized capital gains.  SLNY is permitted to pay dividends up to a maximum of $20.7 million in 2008 without prior approval from the New York Commissioner of Insurance.  No dividends were paid by SLNY during 2007, 2006 or 2005.

Rhode Island law requires prior regulatory approval for any dividend where the amount of such dividend paid during the preceding twelve-month period would exceed the lesser of (i) ten percent of the insurance company’s surplus as of the December 31 next preceding, or (ii) its net gain from operations, not including realized capital gains, for the immediately preceding calendar year, excluding pro rata distributions of any class of the insurance company’s own securities.  INDY is permitted to pay dividends up to a maximum of $2.3 million in 2008 without prior approval from the Rhode Island Commissioner of Insurance.  .No dividends were paid by INDY during 2007, 2006 or 2005.

The Company’s new Vermont domestic insurance company subsidiary, Sun Life Vermont, is permitted to pay dividends only to the extent that its surplus and capital exceeds specified risk-based capital levels.  Sun Life Vermont may declare and pay dividends or distributions with respect to its common stock from its capital and surplus, subject to the following: (i) its total adjusted capital will equal or exceed 200% of its company action level risk-based capital after giving effect to the dividend or distribution and (ii) notice of each dividend or distribution is provided to the Vermont regulator within five days following the payment of the dividend or distribution.  No dividends were paid by Sun Life Vermont during 2007.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

19. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The components of accumulated other comprehensive (loss) income as of December 31 were as follows:

	2007	2006	2005
Unrealized (losses) gains on available-for-sale securities	$     (317,402)	$         38,400	$          56,493
Changes in reserves due to unrealized (losses) gains on available-for-sale securities	(26,702)	(9,346)	(22,039)
Unrealized gains (losses) on pension and other postretirement plan adjustments	14,894	(2,332)	(2,834)
Changes in DAC due to unrealized (losses) gains on available-for-sale securities	189,687	(2,719)	(12,842)
Changes in VOBA due to unrealized (losses) gains on available-for-sale securities	-	470	(1,201)
Tax effect and other	47,120	(10,443)	1,683
Accumulated Other Comprehensive (Loss) Income	$     (92,403)	$          14,030	$         19,260

20. COMMITMENTS AND CONTINGENCIES

Regulation and Regulatory Developments

Under insurance guaranty fund laws in each state, the District of Columbia and Puerto Rico, insurers licensed to do business can be assessed by state insurance guaranty associations for certain obligations of insolvent insurance companies to policyholders and claimants.  Most of these laws do provide, however, that an assessment may be excused or deferred if it would threaten an insurer's solvency and further provide annual limits on such assessments.  Part of the assessments paid by the Company pursuant to these laws may be used as credits for a portion of the associated premium taxes.

Litigation, Income Taxes and Other Matters

In Revenue Ruling 2007-61, issued on September 25, 2007, the IRS announced its intention to issue regulations with respect to certain computational aspects of the dividends-received-deduction (the “DRD”) on separate account assets held in connection with variable annuity contracts.  Revenue Ruling 2006-61 suspended Revenue Ruling 2007-54, issued on August 16, 2007, that purported to change accepted industry and IRS interpretations of the statutes governing computational questions impacting the DRD.  New DRD regulations that the IRS proposes for issuance on this matter will be subject to public comment, at which time the insurance industry and other interested parties will have the opportunity to raise comments and questions about the content, scope, and application of new regulations.  The timing, substance, and effective date of the new regulations are unknown, but they could result in the elimination of some or all of the separate account DRD tax benefit that the Company ultimately receives.  For the year ended December 31, 2007, the Company recorded a benefit of $12.0 million related to the separate account DRD.

The Company is not aware of any contingent liabilities arising from litigation or other matters that could have a material effect upon the financial condition, results of operations or cash flows of the Company.

SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

(A Wholly-Owned Subsidiary of Sun Life of Canada (U.S.) Holdings, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(in thousands)

For the years ended December 31, 2007, 2006 and 2005

20. COMMITMENTS AND CONTINGENCIES (CONTINUED)

Indemnities

In the normal course of its business, the Company has entered into agreements that include indemnities in favor of third parties, such as contracts with advisors and consultants, outsourcing agreements, underwriting and agency agreements, information technology agreements, distribution agreements, and service agreements.  The Company has also agreed to indemnify its directors and certain of its officers and employees in accordance with the Company’s by-laws.  The Company believes any potential liability under these agreements is neither probable nor estimatable. Therefore, the Company has not recorded any associated liability.

Lease Commitments

The Company leases various facilities and equipment under operating leases with terms of up to six years. As of December 31, 2007, minimum future lease payments under such leases were as follows:

2008	$             1,377
2009	283
2010	45
Total	$             1,705

Total rental expense for the years ended December 31, 2007, 2006 and 2005 was $9.4 million, $7.6 million and $8.5 million, respectively.

The Company has four noncancelable sublease agreements that expire on March 31, 2008.  As of December 31, 2007, the minimum future lease payments under the sublease agreements was $0.3 million.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholder of

Sun Life Assurance Company of Canada (U.S.)

Wellesley Hills, Massachusetts

We have audited the accompanying consolidated balance sheets of Sun Life Assurance Company of Canada (U.S.) and subsidiaries (the "Company") as of December 31, 2007 and 2006, and the related consolidated statements of income, comprehensive income, stockholder’s equity, and cash flows for each of the three years in the period ended December 31, 2007.  Our audits also included the financial statement schedules listed in the Index at Item 15.  These financial statements and financial statement schedules are the responsibility of the Company's management.  Our responsibility is to express an opinion on the financial statements and financial statement schedules based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting.  Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Sun Life Assurance Company of Canada (U.S.) and subsidiaries as of December 31, 2007 and 2006, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2007, in conformity with accounting principles generally accepted in the United States of America.  Also, in our opinion, such financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly in all material respects the information set forth therein.

As discussed in Note 1 to the consolidated financial statements, effective January 1, 2007, the Company adopted the provisions of the Financial Accounting Standards Board Interpretation No. 48, “Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No.109”.

DELOITTE & TOUCHE LLP

/s/ Deloitte & Touche LLP

Boston, Massachusetts

March 27, 2008

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007

Assets:
Investment in:	Shares	Cost		Value
Arnhold and S. Bleichroeder Advisers, Inc.
First Eagle Overseas Variable Fund Sub-Account (SGI)	2,806,980	$	83,496,084	$	82,974,328
Columbia Funds Variable Insurance Trust
Columbia Small Cap Value Fund Sub-Account (CSC)	1,005		19,142		18,101
Columbia Marsico 21st Century Portfolio Sub-Account (NMT)	9,288		117,914		135,980
Columbia Marsico 21st Century Fund Class B Sub-Account (MCC)	5,279,215		74,859,678		77,182,125
Columbia Marsico Growth Fund Class B Sub-Account (CMG)	339,420		7,220,135		7,548,709
Columbia Marsico Growth Portfolio Sub-Account (NNG)	8,598		152,724		191,573
Columbia Marsico International Opportunities Portfolio Sub-Account (NMI)	346,919		8,511,439		8,752,767
Fidelity Variable Insurance Products Funds
VIP Balanced Svc 2 Sub-Account (FVB)	846,070		13,385,260		13,240,999
VIP Freedom 2010 Portfolio Sub-Account (F10)	581,309		6,924,153		6,929,208
VIP Freedom 2015 Portfolio Sub-Account (F15)	1,440,316		17,327,233		17,658,270
VIP Freedom 2020 Portfolio Sub-Account (F20)	2,892,448		35,658,046		36,444,849
VIP Mid Cap Svc 2 Sub-Account (FVM)	3,894,960		135,739,077		138,777,417
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund Sub-Account (FMS)	5,505,395		108,856,648		111,153,921
Templeton Developing Markets Securities Fund Sub-Account (TDM)	4,865,836		72,375,374		77,853,382
Templeton Growth Securities Fund Class 2 Sub-Account (FTG)	2,718,163		41,685,707		41,968,435
Templeton Foreign Securities Fund Sub-Account (FTI)	24,804,911		405,867,767		502,299,455
Franklin Income Securities Class 2 Sub-Account (ISC)	2,342,240		41,305,324		40,544,176
Franklin Small Cap Value Securities Fund Sub-Account (FVS)	2,204,326		39,836,686		37,693,970
Franklin Strategic Income Securities Class 2 Sub-Account (SIC)	455,983		5,706,042		5,745,387
Lord Abbett Series Fund, Inc.
All Value Portfolio Sub-Account (LAV)	1,853,730		30,354,382		31,216,819
Growth & Income Portfolio Sub-Account (LA1)	19,256,480		547,658,791		537,448,360
Growth Opportunities Portfolio Sub-Account (LA9)	4,503,043		65,211,091		73,579,729
Mid Cap Value Portfolio Sub-Account (LA2)	5,567,206		119,654,462		105,220,200
MFS/Sun Life Series Trust
Bond S Class Sub-Account (MF7)	7,091,256		79,962,658		76,656,473
Bond Series Sub-Account (BDS)	9,529,929		108,103,729		103,780,922
Capital Appreciation S Class Sub-Account (MFD)	1,166,023		20,395,601		26,282,151
Capital Appreciation Series Sub-Account (CAS)	16,996,396		326,582,853		386,498,048
Capital Opportunities S Class Sub-Account (CO1) (j)	-		-		-
Capital Opportunities Series Sub-Account (COS) (j)	-		-		-
Emerging Growth S Class Sub-Account (MFF)	940,042		14,345,158		20,690,317
Emerging Growth Series Sub-Account (EGS)	10,654,596		176,854,519		238,343,307
Emerging Markets Equity S Class Sub-Account (EM1)	882,500		19,443,956		22,821,441
Emerging Markets Equity Series Sub-Account (EME)	3,522,727		76,583,602		92,084,076
Global Governments S Class Sub-Account (GG1)	356,100		3,858,343		4,023,926
Global Governments Series Sub-Account (GGS)	2,955,772		32,943,492		33,695,804
Global Growth S Class Sub-Account (GG2)	493,232		5,935,306		8,592,095
Global Growth Series Sub-Account (GGR)	7,117,302		80,911,732		124,837,473
Global Total Return S Class Sub-Account (GT2)	1,132,616		18,784,417		19,775,479
Global Total Return Series Sub-Account (GTR)	8,002,671		128,402,040		140,766,980
Government Securities S Class Sub-Account (MFK)	21,996,047		278,543,535		281,769,361
Government Securities Series Sub-Account (GSS)	19,203,660		249,393,492		247,535,174
High Yield S Class Sub-Account (MFC)	20,398,847		136,959,966		132,592,520
High Yield Series Sub-Account (HYS)	22,204,259		148,944,390		145,659,936
International Growth S Class Sub-Account (IG1)	1,508,095		22,467,550		26,436,905
International Growth Series Sub-Account (IGS)	7,071,915		97,006,937		124,677,866
International Investors Trust S Class Sub-Account (MI1)	11,424,792		214,742,676		211,701,396
International Investors Trust Series Sub-Account (MII)	6,091,302		103,631,725		113,785,515
Massachusetts Investors Growth Stock S Class Sub-Account (M1B)	9,315,979		90,546,086		107,972,193
Massachusetts Investors Growth Stock Series Sub-Account (MIS)	24,484,436		247,936,064		286,223,058
Massachusetts Investors Trust S Class Sub-Account (MFL)	8,819,883		261,655,380		310,724,470
Massachusetts Investors Trust Series Sub-Account (MIT)	17,383,485		515,834,728		617,287,559
(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007 - continued

MFS/Sun Life Series Trust - continued	Shares	Cost		Value
Mid Cap Growth S Class Sub-Account (MC1)	4,777,018	$	25,281,873	$	31,671,628
Mid Cap Growth Series Sub-Account (MCS)	6,685,397		37,714,308		44,925,866
Mid Cap Value S Class Sub-Account (MCV)	1,960,907		21,734,725		21,844,506
Money Market S Class Sub-Account (MM1)	219,493,023		219,493,023		219,493,023
Money Market Series Sub-Account (MMS)	189,029,209		189,029,210		189,029,210
New Discovery S Class Sub-Account (M1A)	8,653,798		123,426,821		138,201,155
New Discovery Series Sub-Account (NWD)	6,099,268		77,427,769		99,052,106
Research S Class Sub-Account (RE1)	1,342,176		21,035,287		28,038,048
Research Series Sub-Account (RES)	12,267,566		200,231,988		258,109,579
Research Growth and Income S Class Sub-Account (RG1)	2,098,810		33,212,615		34,462,465
Research Growth and Income Series Sub-Account (RGS)	12,612,144		205,318,850		208,352,625
Research International S Class Sub-Account (RI1)	9,718,724		167,999,891		191,458,862
Research International Series Sub-Account (RIS)	4,928,287		76,348,162		98,171,475
Strategic Growth S Class Sub-Account (SG1) (j)	-		-		-
Strategic Growth Series Sub-Account (SGS) (j)	-		-		-
Strategic Income S Class Sub-Account (SI1)	1,833,935		19,332,036		18,944,550
Strategic Income Series Sub-Account (SIS)	4,617,441		48,805,249		48,021,387
Strategic Value S Class Sub-Account (SVS)	759,750		7,681,867		7,210,023
Technology S Class Sub-Account (TE1)	553,399		2,526,287		3,552,821
Technology Series Sub-Account (TEC)	3,237,117		15,523,001		21,170,746
Total Return S Class Sub-Account (MFJ)	43,482,280		817,978,481		840,512,468
Total Return Series Sub-Account (TRS)	46,202,097		823,140,811		900,940,904
Utilities S Class Sub-Account (MFE)	3,722,882		79,268,780		109,043,206
Utilities Series Sub-Account (UTS)	11,174,482		168,266,811		329,870,716
Value S Class Sub-Account (MV1)	7,406,549		113,670,178		138,206,204
Value Series Sub-Account (MVS)	13,780,789		197,625,956		258,803,210
Oppenheimer Variable Account Funds
Balanced VA Fund Sub-Account (OBV)	125,816		2,086,395		2,048,287
Capital Appreciation Fund Sub-Account (OCA)	882,758		33,806,849		41,295,413
Global Securities Fund Sub-Account (OGG)	1,207,352		41,128,747		43,790,664
Main Street Fund Sub-Account (OMG)	27,837,325		633,849,219		706,511,320
Main Street Small Cap Fund Sub-Account (OMS)	942,976		16,660,940		17,001,852
PIMCO Variable Insurance Trust
Emerging Markets Bond Portfolio Sub-Account (PMB)	906,051		12,472,065		12,385,714
Low Duration Portfolio Sub-Account (PLD)	83,958,283		848,777,972		864,770,314
Real Return Porfolio Sub-Account (PRR)	4,249,495		52,401,540		53,416,156
Total Return Portfolio Sub-Account (PTR)	23,249,454		236,817,231		243,886,776
VIT All Asset Portfolio Sub-Account (PRA)	324,452		3,827,007		3,802,578
VIT Commodity Real Return Strategy Portfolio Sub-Account (PCR)	869,695		10,443,350		11,610,424
Sun Capital Advisers Trust
All Cap S Class Sub-Account (SSA)	687,013		8,306,039		7,577,757
Davis Venture Value S Class Sub-Account (SVV)	1,972,051		27,234,423		26,839,611
FI Large Cap Growth Fund Sub-Account (LGF)	217,511		2,197,124		2,312,144
Investment Grade Bond S Class Sub-Account (IGB)	2,496,254		24,010,819		23,839,225
Oppenheimer Main Street Small Cap S Class Sub-Account (VSC)	7,717,721		112,380,453		99,172,712
Real Estate Fund S Class Sub-Account (SRE)	8,191,201		184,800,000		161,039,015
Real Estate Fund Sub-Account (SC3)	731,297		13,960,066		13,338,861
Sun Capital Money Market S Class Sub-Account (CMM)	1,712,816		1,712,816		1,712,816
Van Kampen Life Insurance Trust
LIT Comstock II Sub-Account (VLC)	790,022		11,514,591		10,902,301
Wanger Advisors Trust
Wanger Select Sub-Account (WTF)	56,738		1,427,285		1,593,216
Wanger U.S. Smaller Companies Sub-Account (USC)	1,746		62,337		63,311
		$	11,294,644,341	$	12,447,789,855
Liability:
Payable to Sponsor					(5,196,673	)
Net Assets Applicable to Participants				$	12,442,593,182
(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007 - continued

	Applicable to Owners of				Reserve for
	Deferred Variable Annuity Contracts				Variable
	Units		Value		Annuities		Total
Net Assets Applicable to Participants:
Arnhold and S. Bleichroeder Advisers, Inc.
SGI	7,791,583	$	82,974,328	$	-	$	82,974,328
Columbia Funds Variable Insurance Trust
CSC	1,509		18,101		-		18,101
NMT	8,690		135,980		-		135,980
MCC	6,356,718		77,182,125		-		77,182,125
CMG	640,690		7,548,709		-		7,548,709
NNG	14,570		191,573		-		191,573
NMI	522,074		8,752,767		-		8,752,767
Fidelity Variable Insurance Products Funds
FVB	1,234,324		13,240,999		-		13,240,999
F10	585,651		6,929,208		-		6,929,208
F15	1,457,747		17,658,270		-		17,658,270
F20	2,944,857		36,444,849		-		36,444,849
FVM	11,884,177		138,777,417		-		138,777,417
Franklin Templeton Variable Insurance Products Trust
FMS	6,318,116		111,140,044		12,684		111,152,728
TDM	4,360,786		77,853,382		-		77,853,382
FTG	2,128,221		41,968,435		-		41,968,435
FTI	23,555,118		502,145,102		146,958		502,292,060
ISC	3,983,472		40,544,176		-		40,544,176
FVS	1,960,878		37,680,430		12,320		37,692,750
SIC	556,077		5,745,387		-		5,745,387
Lord Abbett Series Fund, Inc.
LAV	2,132,144		31,216,819		-		31,216,819
LA1	30,273,162		537,271,041		169,043		537,440,084
LA9	5,069,578		73,559,835		19,095		73,578,930
LA2	5,809,005		105,180,765		37,126		105,217,891
MFS/Sun Life Series Trust
MF7	6,110,178		76,648,977		6,549		76,655,526
BDS	6,896,916		103,462,624		416,695		103,879,319
MFD	2,498,904		26,269,828		10,030		26,279,858
CAS	26,120,429		382,493,892		3,017,872		385,511,764
CO1 (j)	-		-		-		-
COS (j)	-		-		-		-
MFF	1,464,903		20,689,801		-		20,689,801
EGS	18,485,750		237,356,260		884,096		238,240,356
EM1	808,424		22,821,441		-		22,821,441
EME	2,587,959		91,377,205		534,212		91,911,417
GG1	284,890		4,015,780		7,117		4,022,897
GGS	1,951,821		33,448,014		210,574		33,658,588
GG2	494,318		8,577,925		12,893		8,590,818
GGR	5,626,403		124,068,136		722,877		124,791,013
GT2	1,161,693		19,762,180		12,216		19,774,396
GTR	6,117,487		139,578,943		832,588		140,411,531
MFK	24,954,225		281,546,884		211,166		281,758,050
GSS	15,336,252		246,260,295		1,397,720		247,658,015
MFC	9,231,715		132,507,996		79,726		132,587,722
HYS	8,811,448		144,693,663		611,160		145,304,823
IG1	1,455,023		26,435,969		-		26,435,969
IGS	6,494,572		124,192,666		419,892		124,612,558
MI1	18,793,055		211,701,396		-		211,701,396
MII	4,858,869		113,207,288		506,747		113,714,035
(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007 - continued

	Applicable to Owners of				Reserve for
	Deferred Variable Annuity Contracts				Variable
	Units		Value		Annuities		Total
Net Assets Applicable to Participants - continued:
MFS/Sun Life Series Trust - continued
M1B	8,274,394	$	107,962,070	$	9,258	$	107,971,328
MIS	30,064,891		285,543,522		630,849		286,174,371
MFL	19,982,665		310,619,113		98,830		310,717,943
MIT	36,869,229		614,124,331		2,662,707		616,787,038
MC1	2,822,330		31,663,965		6,244		31,670,209
MCS	7,235,851		44,853,399		60,741		44,914,140
MCV	1,314,251		21,793,387		50,244		21,843,631
MM1	21,267,373		219,369,892		119,401		219,489,293
MMS	14,742,422		186,897,058		1,627,054		188,524,112
M1A	9,051,054		138,142,971		53,233		138,196,204
NWD	8,362,104		98,770,558		249,236		99,019,794
RE1	1,853,837		28,028,788		8,090		28,036,878
RES	14,094,806		256,616,156		1,202,020		257,818,176
RG1	2,707,973		34,427,559		30,627		34,458,186
RGS	14,862,669		207,786,775		454,633		208,241,408
RI1	7,944,489		191,407,912		48,963		191,456,875
RIS	5,162,219		97,893,773		305,890		98,199,663
SG1 (j)	-		-		-		-
SGS (j)	-		-		-		-
SI1	1,425,992		18,928,001		14,965		18,942,966
SIS	3,392,931		47,841,437		166,441		48,007,878
SVS	511,648		7,210,023		-		7,210,023
TE1	314,493		3,552,821		-		3,552,821
TEC	4,080,642		21,147,048		19,590		21,166,638
MFJ	57,895,390		840,217,561		284,465		840,502,026
TRS	39,711,318		894,435,365		5,221,379		899,656,744
MFE	3,613,171		109,015,415		24,395		109,039,810
UTS	11,423,450		328,581,496		1,020,402		329,601,898
MV1	8,166,089		138,176,759		26,199		138,202,958
MVS	13,437,738		257,728,577		1,005,775		258,734,352
Oppenheimer Variable Account Fund
OBV	199,285		2,048,287		-		2,048,287
OCA	2,405,555		41,281,262		12,932		41,294,194
OGG	2,653,815		43,790,664		-		43,790,664
OMG	44,367,479		706,363,535		140,979		706,504,514
OMS	870,402		17,001,852		-		17,001,852
PIMCO Variable Insurance Trust
PMB	635,006		12,385,714		-		12,385,714
PLD	80,692,069		864,606,014		154,448		864,760,462
PRR	4,125,528		53,416,156		-		53,416,156
PTR	20,114,681		243,830,458		53,245		243,883,703
PRA	340,476		3,802,578		-		3,802,578
PCR	977,885		11,610,424		-		11,610,424
Sun Capital Advisers Trust
SSA	643,565		7,577,757		-		7,577,757
SVV	2,540,048		26,839,611		-		26,839,611
LGF	223,425		2,312,144		-		2,312,144
IGB	2,196,971		23,839,225		-		23,839,225
VSC	10,111,572		99,172,712		-		99,172,712
SRE	10,404,402		161,009,263		28,575		161,037,838
SC3	608,427		13,329,767		8,312		13,338,079
CMM	161,444		1,712,816		-		1,712,816
(j)  Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007 - continued

	Applicable to Owners of				Reserve for
	Deferred Variable Annuity Contracts				Variable
Net Assets Applicable to Participants - continued:	Units		Value		Annuities		Total
Van Kampen Life Insurance Trust
VLC	1,104,540	$	10,902,301	$	-	$	10,902,301
Wanger Advisors Trust
WTF	109,329		1,593,216		-		1,593,216
USC	5,229		63,311		-		63,311
Net Assets		$	12,416,501,704	$	26,091,478	$	12,442,593,182

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007

	SGI		CSC		NMT		MCC
	Sub-Account (k)		Sub-Account		Sub-Account		Sub-Account (k)
Income and Expenses:
Dividend income	$	-	$	48	$	666	$	89,771
Mortality and expense risk charges		(472,803)		(265)		(1,716)		(460,784)
Distribution and administrative expense charges		(56,736)		(32)		(206)		(55,294)
Net investment income (loss)	$	(529,539)	$	(249)	$	(1,256)	$	(426,307)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	71,138	$	64	$	1,881	$	253,679
Realized gain distributions		-		1,912		6,671		1,562,809
Net realized gains (losses)	$	71,138	$	1,976	$	8,552	$	1,816,488
Net unrealized appreciation (depreciation) on investments:
End of year	$	(521,756)	$	(1,041)	$	18,066	$	2,322,447
Beginning of year		-		1,456		5,722		-
Change in unrealized appreciation (depreciation)	$	(521,756)	$	(2,497)	$	12,344	$	2,322,447
Realized and unrealized gains (losses)	$	(450,618)	$	(521)	$	20,896	$	4,138,935
Increase (Decrease) in net assets from operations	$	(980,157)	$	(770)	$	19,640	$	3,712,628
	CMG		NNG		NMI		FVB
	Sub-Account (k)		Sub-Account		Sub-Account		Sub-Account (k)
Income and Expenses:
Dividend income	$	-	$	187	$	2,222	$	178,316
Mortality and expense risk charges		(38,964)		(3,578)		(38,973)		(63,235)
Distribution and administrative expense charges		(4,676)		(429)		(4,677)		(7,588)
Net investment income (loss)	$	(43,640)	$	(3,820)	$	(41,428)	$	107,493
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	45,441	$	15,585	$	34,161	$	3,697
Realized gain distributions		-		-		80,828		-
Net realized gains (losses)	$	45,441	$	15,585	$	114,989	$	3,697
Net unrealized appreciation (depreciation) on investments:
End of year	$	328,574	$	38,849	$	241,328	$	(144,261)
Beginning of year		-		13,538		14,496		-
Change in unrealized appreciation (depreciation)	$	328,574	$	25,311	$	226,832	$	(144,261)
Realized and unrealized gains (losses)	$	374,015	$	40,896	$	341,821	$	(140,564)
Increase (Decrease) in net assets from operations	$	330,375	$	37,076	$	300,393	$	(33,071)

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	F10		F15		F20		FVM
	Sub-Account		Sub-Account		Sub-Account		Sub-Account (k)
Income and Expenses:
Dividend income	$	153,802	$	431,614	$	689,731	$	309,026
Mortality and expense risk charges		(73,792)		(215,753)		(425,617)		(836,185)
Distribution and administrative expense charges		(8,855)		(25,890)		(51,074)		(100,342)
Net investment income (loss)	$	71,155	$	189,971	$	213,040	$	(627,501)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	147,451	$	78,379	$	282,125	$	109,267
Realized gain distributions		150,284		449,035		991,460		-
Net realized gains (losses)	$	297,735	$	527,414	$	1,273,585	$	109,267
Net unrealized appreciation (depreciation) on investments:
End of year	$	5,055	$	331,037	$	786,803	$	3,038,340
Beginning of year		94,944		259,629		492,573		-
Change in unrealized appreciation (depreciation)	$	(89,889)	$	71,408	$	294,230	$	3,038,340
Realized and unrealized gains (losses)	$	207,846	$	598,822	$	1,567,815	$	3,147,607
Increase (Decrease) in net assets from operations	$	279,001	$	788,793	$	1,780,855	$	2,520,106
	FMS		TDM		FTG		FTI
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,185,387	$	692,776	$	428,329	$	10,074,196
Mortality and expense risk charges		(1,364,012)		(563,636)		(522,494)		(8,112,879)
Distribution and administrative expense charges		(163,681)		(67,636)		(62,699)		(973,545)
Net investment income (loss)	$	(342,306)	$	61,504	$	(156,864)	$	987,772
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	2,226,199	$	1,016,667	$	874,028	$	29,857,939
Realized gain distributions		2,902,209		2,262,751		1,366,666		22,978,024
Net realized gains (losses)	$	5,128,408	$	3,279,418	$	2,240,694	$	52,835,963
Net unrealized appreciation (depreciation) on investments:
End of year	$	2,297,273	$	5,478,008	$	282,728	$	96,431,688
Beginning of year		7,536,344		891,483		2,624,808		86,345,350
Change in unrealized appreciation (depreciation)	$	(5,239,071)	$	4,586,525	$	(2,342,080)	$	10,086,338
Realized and unrealized gains (losses)	$	(110,663)	$	7,865,943	$	(101,386)	$	62,922,301
Increase (Decrease) in net assets from operations	$	(452,969)	$	7,927,447	$	(258,250)	$	63,910,073

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	ISC		FVS		SIC		LAV
	Sub-Account (k)		Sub-Account		Sub-Account (k)		Sub-Account
Income and Expenses:
Dividend income	$	344,808	$	252,179	$	60,743	$	156,053
Mortality and expense risk charges		(240,988)		(612,294)		(27,486)		(433,993)
Distribution and administrative expense charges		(28,919)		(73,475)		(3,298)		(52,079)
Net investment income (loss)	$	74,901	$	(433,590)	$	29,959	$	(330,019)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(55,406)	$	1,941,020	$	(23,725)	$	895,471
Realized gain distributions		63,946		2,593,138		3,461		1,168,200
Net realized gains (losses)	$	8,540	$	4,534,158	$	(20,264)	$	2,063,671
Net unrealized appreciation (depreciation) on investments:
End of year	$	(761,148)	$	(2,142,716)	$	39,345	$	862,437
Beginning of year		-		4,026,641		-		1,529,977
Change in unrealized appreciation (depreciation)	$	(761,148)	$	(6,169,357)	$	39,345	$	(667,540)
Realized and unrealized gains (losses)	$	(752,608)	$	(1,635,199)	$	19,081	$	1,396,131
Increase (Decrease) in net assets from operations	$	(677,707)	$	(2,068,789)	$	49,040	$	1,066,112
	LA1		LA9		LA2		MF7
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	6,604,816	$	-	$	472,337	$	4,322,226
Mortality and expense risk charges		(6,653,464)		(1,129,692)		(1,603,175)		(1,111,238)
Distribution and administrative expense charges		(798,416)		(135,563)		(192,381)		(133,349)
Net investment income (loss)	$	(847,064)	$	(1,265,255)	$	(1,323,219)	$	3,077,639
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	1,731,181	$	3,551,735	$	2,038,424	$	(1,907,910)
Realized gain distributions		36,421,892		6,073,812		13,885,484		-
Net realized gains (losses)	$	38,153,073	$	9,625,547	$	15,923,908	$	(1,907,910)
Net unrealized appreciation (depreciation) on investments:
End of year	$	(10,210,431)	$	8,368,638	$	(14,434,262)	$	(3,306,185)
Beginning of year		24,637,136		4,559,822		2,697,087		(3,398,900)
Change in unrealized appreciation (depreciation)	$	(34,847,567)	$	3,808,816	$	(17,131,349)	$	92,715
Realized and unrealized gains (losses)	$	3,305,506	$	13,434,363	$	(1,207,441)	$	(1,815,195)
Increase (Decrease) in net assets from operations	$	2,458,442	$	12,169,108	$	(2,530,660)	$	1,262,444

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	BDS		MFD		CAS		CO1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account (j)
Income and Expenses:
Dividend income	$	7,064,633	$	-	$	837,861	$	59,350
Mortality and expense risk charges		(1,462,873)		(383,060)		(5,278,515)		(115,014)
Distribution and administrative expense charges		(175,545)		(45,967)		(633,422)		(13,802)
Net investment income (loss)	$	5,426,215	$	(429,027)	$	(5,074,076)	$	(69,466)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(2,957,466)	$	2,025,567	$	(2,422,855)	$	5,406,194
Realized gain distributions		-		-		-		-
Net realized gains (losses)	$	(2,957,466)	$	2,025,567	$	(2,422,855)	$	5,406,194
Net unrealized appreciation (depreciation) on investments:
End of year	$	(4,322,807)	$	5,886,550	$	59,915,195	$	-
Beginning of year		(4,131,388)		4,975,545		13,028,919		3,741,609
Change in unrealized appreciation (depreciation)	$	(191,419)	$	911,005	$	46,886,276	$	(3,741,609)
Realized and unrealized gains (losses)	$	(3,148,885)	$	2,936,572	$	44,463,421	$	1,664,585
Increase (Decrease) in net assets from operations	$	2,277,330	$	2,507,545	$	39,389,345	$	1,595,119
	COS		MFF		EGS		EM1
	Sub-Account (j)		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,126,733	$	-	$	-	$	389,417
Mortality and expense risk charges		(1,041,150)		(286,393)		(3,256,163)		(306,721)
Distribution and administrative expense charges		(124,938)		(34,367)		(390,740)		(36,807)
Net investment income (loss)	$	(39,355)	$	(320,760)	$	(3,646,903)	$	45,889
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	17,298,523	$	1,779,941	$	5,549,744	$	1,680,960
Realized gain distributions		-		-		-		4,095,128
Net realized gains (losses)	$	17,298,523	$	1,779,941	$	5,549,744	$	5,776,088
Net unrealized appreciation (depreciation) on investments:
End of year	$	-	$	6,345,159	$	61,488,788	$	3,377,485
Beginning of year		1,172,757		4,337,182		17,923,187		3,146,647
Change in unrealized appreciation (depreciation)	$	(1,172,757)	$	2,007,977	$	43,565,601	$	230,838
Realized and unrealized gains (losses)	$	16,125,766	$	3,787,918	$	49,115,345	$	6,006,926
Increase (Decrease) in net assets from operations	$	16,086,411	$	3,467,158	$	45,468,442	$	6,052,815

(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	EME		GG1		GGS		GG2
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,820,707	$	64,591	$	703,977	$	122,711
Mortality and expense risk charges		(1,161,648)		(50,890)		(438,402)		(121,817)
Distribution and administrative expense charges		(139,398)		(6,107)		(52,608)		(14,618)
Net investment income (loss)	$	519,661	$	7,594	$	212,967	$	(13,724)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	13,751,651	$	(43,581)	$	(1,005,448)	$	763,954
Realized gain distributions		17,510,064		-		-		-
Net realized gains (losses)	$	31,261,715	$	(43,581)	$	(1,005,448)	$	763,954
Net unrealized appreciation (depreciation) on investments:
End of year	$	15,500,474	$	165,583	$	752,312	$	2,656,789
Beginning of year		21,066,822		(115,033)		(2,335,349)		2,501,296
Change in unrealized appreciation (depreciation)	$	(5,566,348)	$	280,616	$	3,087,661	$	155,493
Realized and unrealized gains (losses)	$	25,695,367	$	237,035	$	2,082,213	$	919,447
Increase (Decrease) in net assets from operations	$	26,215,028	$	244,629	$	2,295,180	$	905,723
	GGR		GT2		GTR		MFK
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	2,273,376	$	382,940	$	3,299,565	$	13,555,872
Mortality and expense risk charges		(1,710,848)		(261,742)		(1,896,756)		(4,446,448)
Distribution and administrative expense charges		(205,302)		(31,409)		(227,611)		(533,574)
Net investment income (loss)	$	357,226	$	89,789	$	1,175,198	$	8,575,850
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	12,581,196	$	619,747	$	6,887,643	$	(3,552,381)
Realized gain distributions		-		1,746,265		13,547,584		-
Net realized gains (losses)	$	12,581,196	$	2,366,012	$	20,435,227	$	(3,552,381)
Net unrealized appreciation (depreciation) on investments:
End of year	$	43,925,741	$	991,062	$	12,364,940	$	3,225,826
Beginning of year		41,795,991		2,192,948		23,331,082		(6,102,905)
Change in unrealized appreciation (depreciation)	$	2,129,750	$	(1,201,886)	$	(10,966,142)	$	9,328,731
Realized and unrealized gains (losses)	$	14,710,946	$	1,164,126	$	9,469,085	$	5,776,350
Increase (Decrease) in net assets from operations	$	15,068,172	$	1,253,915	$	10,644,283	$	14,352,200

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	GSS		MFC		HYS		IG1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	13,143,292	$	8,811,435	$	12,782,061	$	255,123
Mortality and expense risk charges		(3,336,065)		(1,913,407)		(2,154,825)		(321,734)
Distribution and administrative expense charges		(400,328)		(229,609)		(258,579)		(38,608)
Net investment income (loss)	$	9,406,899	$	6,668,419	$	10,368,657	$	(105,219)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(5,789,686)	$	(339,994)	$	423,897	$	2,507,816
Realized gain distributions		-		-		-		3,205,120
Net realized gains (losses)	$	(5,789,686)	$	(339,994)	$	423,897	$	5,712,936
Net unrealized appreciation (depreciation) on investments:
End of year	$	(1,858,318)	$	(4,367,446)	$	(3,284,454)	$	3,969,355
Beginning of year		(12,550,984)		2,374,320		6,126,830		6,633,497
Change in unrealized appreciation (depreciation)	$	10,692,666	$	(6,741,766)	$	(9,411,284)	$	(2,664,142)
Realized and unrealized gains (losses)	$	4,902,980	$	(7,081,760)	$	(8,987,387)	$	3,048,794
Increase (Decrease) in net assets from operations	$	14,309,879	$	(413,341)	$	1,381,270	$	2,943,575
	IGS		MI1		MII		M1B
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,849,691	$	728,822	$	2,080,214	$	104,888
Mortality and expense risk charges		(1,704,379)		(1,418,487)		(1,629,062)		(1,488,928)
Distribution and administrative expense charges		(204,525)		(170,218)		(195,487)		(178,671)
Net investment income (loss)	$	(59,213)	$	(859,883)	$	255,665	$	(1,562,711)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	15,996,023	$	908,180	$	13,102,666	$	6,019,760
Realized gain distributions		19,500,569		5,666,427		15,499,548		-
Net realized gains (losses)	$	35,496,592	$	6,574,607	$	28,602,214	$	6,019,760
Net unrealized appreciation (depreciation) on investments:
End of year	$	27,670,929	$	(3,041,280)	$	10,153,790	$	17,426,105
Beginning of year		44,917,676		2,486,383		31,498,352		13,496,878
Change in unrealized appreciation (depreciation)	$	(17,246,747)	$	(5,527,663)	$	(21,344,562)	$	3,929,227
Realized and unrealized gains (losses)	$	18,249,845	$	1,046,944	$	7,257,652	$	9,948,987
Increase (Decrease) in net assets from operations	$	18,190,632	$	187,061	$	7,513,317	$	8,386,276

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	GSS		MFC		HYS		IG1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	13,143,292	$	8,811,435	$	12,782,061	$	255,123
Mortality and expense risk charges		(3,336,065)		(1,913,407)		(2,154,825)		(321,734)
Distribution and administrative expense charges		(400,328)		(229,609)		(258,579)		(38,608)
Net investment income (loss)	$	9,406,899	$	6,668,419	$	10,368,657	$	(105,219)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(5,789,686)	$	(339,994)	$	423,897	$	2,507,816
Realized gain distributions		-		-		-		3,205,120
Net realized gains (losses)	$	(5,789,686)	$	(339,994)	$	423,897	$	5,712,936
Net unrealized appreciation (depreciation) on investments:
End of year	$	(1,858,318)	$	(4,367,446)	$	(3,284,454)	$	3,969,355
Beginning of year		(12,550,984)		2,374,320		6,126,830		6,633,497
Change in unrealized appreciation (depreciation)	$	10,692,666	$	(6,741,766)	$	(9,411,284)	$	(2,664,142)
Realized and unrealized gains (losses)	$	4,902,980	$	(7,081,760)	$	(8,987,387)	$	3,048,794
Increase (Decrease) in net assets from operations	$	14,309,879	$	(413,341)	$	1,381,270	$	2,943,575
	IGS		MI1		MII		M1B
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,849,691	$	728,822	$	2,080,214	$	104,888
Mortality and expense risk charges		(1,704,379)		(1,418,487)		(1,629,062)		(1,488,928)
Distribution and administrative expense charges		(204,525)		(170,218)		(195,487)		(178,671)
Net investment income (loss)	$	(59,213)	$	(859,883)	$	255,665	$	(1,562,711)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	15,996,023	$	908,180	$	13,102,666	$	6,019,760
Realized gain distributions		19,500,569		5,666,427		15,499,548		-
Net realized gains (losses)	$	35,496,592	$	6,574,607	$	28,602,214	$	6,019,760
Net unrealized appreciation (depreciation) on investments:
End of year	$	27,670,929	$	(3,041,280)	$	10,153,790	$	17,426,105
Beginning of year		44,917,676		2,486,383		31,498,352		13,496,878
Change in unrealized appreciation (depreciation)	$	(17,246,747)	$	(5,527,663)	$	(21,344,562)	$	3,929,227
Realized and unrealized gains (losses)	$	18,249,845	$	1,046,944	$	7,257,652	$	9,948,987
Increase (Decrease) in net assets from operations	$	18,190,632	$	187,061	$	7,513,317	$	8,386,276

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	MIS		MFL		MIT		MC1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,095,953	$	3,204,380	$	8,276,571	$	-
Mortality and expense risk charges		(3,920,317)		(4,981,308)		(8,957,560)		(511,950)
Distribution and administrative expense charges		(470,438)		(597,757)		(1,074,907)		(61,434)
Net investment income (loss)	$	(3,294,802)	$	(2,374,685)	$	(1,755,896)	$	(573,384)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(12,150,016)	$	10,464,466	$	7,368,859	$	2,647,730
Realized gain distributions		-		-		-		-
Net realized gains (losses)	$	(12,150,016)	$	10,464,466	$	7,368,859	$	2,647,730
Net unrealized appreciation (depreciation) on investments:
End of year	$	38,286,994	$	49,069,090	$	101,452,831	$	6,389,755
Beginning of year		(5,626,129)		44,604,682		73,274,903		5,718,267
Change in unrealized appreciation (depreciation)	$	43,913,123	$	4,464,408	$	28,177,928	$	671,488
Realized and unrealized gains (losses)	$	31,763,107	$	14,928,874	$	35,546,787	$	3,319,218
Increase (Decrease) in net assets from operations	$	28,468,305	$	12,554,189	$	33,790,891	$	2,745,834
	MCS		MCV Sub-Account		MM1		MMS
	Sub-Account				Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	19,627	$	117,840	$	8,154,877	$	9,039,051
Mortality and expense risk charges		(672,234)		(366,417)		(2,870,154)		(2,426,420)
Distribution and administrative expense charges		(80,668)		(43,970)		(344,418)		(291,170)
Net investment income (loss)	$	(733,275)	$	(292,547)	$	4,940,305	$	6,321,461
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	5,385,885	$	704,416	$	-	$	-
Realized gain distributions		-		940,902		-		-
Net realized gains (losses)	$	5,385,885	$	1,645,318	$	-	$	-
Net unrealized appreciation (depreciation) on investments:
End of year	$	7,211,558	$	109,781	$	-	$	-
Beginning of year		7,633,258		1,339,357		-		-
Change in unrealized appreciation (depreciation)	$	(421,700)	$	(1,229,576)	$	-	$	-
Realized and unrealized gains (losses)	$	4,964,185	$	415,742	$	-	$	-
Increase (Decrease) in net assets from operations	$	4,230,910	$	123,195	$	4,940,305	$	6,321,461

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	M1A		NWD		RE1		RES
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	-	$	-	$	177,691	$	2,368,535
Mortality and expense risk charges		(2,196,193)		(1,550,011)		(420,935)		(3,561,075)
Distribution and administrative expense charges		(263,543)		(186,001)		(50,512)		(427,329)
Net investment income (loss)	$	(2,459,736)	$	(1,736,012)	$	(293,756)	$	(1,619,869)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	5,059,725	$	9,313,256	$	2,236,724	$	7,068,936
Realized gain distributions		3,758,980		3,168,273		-		-
Net realized gains (losses)	$	8,818,705	$	12,481,529	$	2,236,724	$	7,068,936
Net unrealized appreciation (depreciation) on investments:
End of year	$	14,774,334	$	21,624,337	$	7,002,761	$	57,877,591
Beginning of year		20,402,707		29,702,508		5,827,719		31,463,761
Change in unrealized appreciation (depreciation)	$	(5,628,373)	$	(8,078,171)	$	1,175,042	$	26,413,830
Realized and unrealized gains (losses)	$	3,190,332	$	4,403,358	$	3,411,766	$	33,482,766
Increase (Decrease) in net assets from operations	$	730,596	$	2,667,346	$	3,118,010	$	31,862,897
	RG1		RGS		RI1		RIS
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	40,027	$	369,212	$	1,622,418	$	1,242,995
Mortality and expense risk charges		(334,876)		(2,031,750)		(2,744,353)		(1,431,664)
Distribution and administrative expense charges		(40,185)		(243,810)		(329,322)		(171,800)
Net investment income (loss)	$	(335,034)	$	(1,906,348)	$	(1,451,257)	$	(360,469)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	816,081	$	12,712,287	$	8,851,443	$	15,174,782
Realized gain distributions		1,656,791		8,792,753		18,712,002		12,210,156
Net realized gains (losses)	$	2,472,872	$	21,505,040	$	27,563,445	$	27,384,938
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,249,850	$	3,033,775	$	23,458,971	$	21,823,313
Beginning of year		2,785,104		18,694,136		31,991,125		36,811,174
Change in unrealized appreciation (depreciation)	$	(1,535,254)	$	(15,660,361)	$	(8,532,154)	$	(14,987,861)
Realized and unrealized gains (losses)	$	937,618	$	5,844,679	$	19,031,291	$	12,397,077
Increase (Decrease) in net assets from operations	$	602,584	$	3,938,331	$	17,580,034	$	12,036,608

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	SG1		SGS		SI1		SIS
	Sub-Account (j)		Sub-Account (j)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	-	$	30,983	$	1,034,821	$	2,826,480
Mortality and expense risk charges		(292,721)		(184,404)		(283,501)		(666,159)
Distribution and administrative expense charges		(35,126)		(22,128)		(34,020)		(79,939)
Net investment income (loss)	$	(327,847)	$	(175,549)	$	717,300	$	2,080,382
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	7,651,615	$	5,993,733	$	(61,146)	$	(182,539)
Realized gain distributions		-		-		-		-
Net realized gains (losses)	$	7,651,615	$	5,993,733	$	(61,146)	$	(182,539)
Net unrealized appreciation (depreciation) on investments:
End of year	$	-	$	-	$	(387,486)	$	(783,862)
Beginning of year		4,783,277		3,834,880		(72,937)		110,671
Change in unrealized appreciation (depreciation)	$	(4,783,277)	$	(3,834,880)	$	(314,549)	$	(894,533)
Realized and unrealized gains (losses)	$	2,868,338	$	2,158,853	$	(375,695)	$	(1,077,072)
Increase (Decrease) in net assets from operations	$	2,540,491	$	1,983,304	$	341,605	$	1,003,310
	SVS		TE1		TEC		MFJ
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	128,507	$	-	$	-	$	21,608,259
Mortality and expense risk charges		(128,112)		(42,849)		(252,803)		(12,283,003)
Distribution and administrative expense charges		(15,373)		(5,142)		(30,336)		(1,473,960)
Net investment income (loss)	$	(14,978)	$	(47,991)	$	(283,139)	$	7,851,296
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	259,033	$	307,680	$	1,783,165	$	10,589,763
Realized gain distributions		594,422		-		-		31,459,984
Net realized gains (losses)	$	853,455	$	307,680	$	1,783,165	$	42,049,747
Net unrealized appreciation (depreciation) on investments:
End of year	$	(471,844)	$	1,026,534	$	5,647,745	$	22,533,987
Beginning of year		624,831		767,671		4,053,421		55,433,712
Change in unrealized appreciation (depreciation)	$	(1,096,675)	$	258,863	$	1,594,324	$	(32,899,725)
Realized and unrealized gains (losses)	$	(243,220)	$	566,543	$	3,377,489	$	9,150,022
Increase (Decrease) in net assets from operations	$	(258,198)	$	518,552	$	3,094,350	$	17,001,318

(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	TRS		MFE		UTS		MV1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	30,213,439	$	952,956	$	4,509,071	$	1,917,428
Mortality and expense risk charges		(12,697,707)		(1,313,838)		(4,339,004)		(2,104,836)
Distribution and administrative expense charges		(1,523,725)		(157,661)		(520,681)		(252,580)
Net investment income (loss)	$	15,992,007	$	(518,543)	$	(350,614)	$	(439,988)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	27,075,991	$	7,936,076	$	37,208,278	$	9,560,247
Realized gain distributions		40,727,573		-		-		8,133,251
Net realized gains (losses)	$	67,803,564	$	7,936,076	$	37,208,278	$	17,693,498
Net unrealized appreciation (depreciation) on investments:
End of year	$	77,800,093	$	29,774,426	$	161,603,905	$	24,536,026
Beginning of year		129,535,798		18,020,622		118,258,903		33,572,765
Change in unrealized appreciation (depreciation)	$	(51,735,705)	$	11,753,804	$	43,345,002	$	(9,036,739)
Realized and unrealized gains (losses)	$	16,067,859	$	19,689,880	$	80,553,280	$	8,656,759
Increase (Decrease) in net assets from operations	$	32,059,866	$	19,171,337	$	80,202,666	$	8,216,771
	MVS		OBV		OCA		OGG
	Sub-Account		Sub-Account (k)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	4,805,998	$	833	$	4,003	$	406,796
Mortality and expense risk charges		(3,875,596)		(11,567)		(707,191)		(614,809)
Distribution and administrative expense charges		(465,071)		(1,388)		(84,863)		(73,777)
Net investment income (loss)	$	465,331	$	(12,122)	$	(788,051)	$	(281,790)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	30,660,076	$	809	$	3,114,782	$	1,233,692
Realized gain distributions		17,456,751		2,864		-		1,701,234
Net realized gains (losses)	$	48,116,827	$	3,673	$	3,114,782	$	2,934,926
Net unrealized appreciation (depreciation) on investments:
End of year	$	61,177,254	$	(38,108)	$	7,488,564	$	2,661,917
Beginning of year		90,080,125		-		5,027,664		3,927,889
Change in unrealized appreciation (depreciation)	$	(28,902,871)	$	(38,108)	$	2,460,900	$	(1,265,972)
Realized and unrealized gains (losses)	$	19,213,956	$	(34,435)	$	5,575,682	$	1,668,954
Increase (Decrease) in net assets from operations	$	19,679,287	$	(46,557)	$	4,787,631	$	1,387,164

(k) For the period March 5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	OMG		OMS		PMB		PLD
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	4,491,734	$	31,655	$	645,278	$	31,149,061
Mortality and expense risk charges		(9,645,745)		(309,369)		(183,020)		(10,350,124)
Distribution and administrative expense charges		(1,157,489)		(37,124)		(21,962)		(1,242,015)
Net investment income (loss)	$	(6,311,500)	$	(314,838)	$	440,296	$	19,556,922
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	7,564,726	$	1,300,784	$	80,124	$	(385,400)
Realized gain distributions		-		684,604		242,738		-
Net realized gains (losses)	$	7,564,726	$	1,985,388	$	322,862	$	(385,400)
Net unrealized appreciation (depreciation) on investments:
End of year	$	72,662,101	$	340,912	$	(86,351)	$	15,992,342
Beginning of year		65,051,556		2,530,944		260,594		(3,831,703)
Change in unrealized appreciation (depreciation)	$	7,610,545	$	(2,190,032)	$	(346,945)	$	19,824,045
Realized and unrealized gains (losses)	$	15,175,271	$	(204,644)	$	(24,083)	$	19,438,645
Increase (Decrease) in net assets from operations	$	8,863,771	$	(519,482)	$	416,213	$	38,995,567
	PRR		PTR		PRA		PCR
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	2,070,864	$	6,846,681	$	249,607	$	395,741
Mortality and expense risk charges		(714,793)		(2,251,313)		(47,775)		(122,146)
Distribution and administrative expense charges		(85,775)		(270,158)		(5,733)		(14,657)
Net investment income (loss)	$	1,270,296	$	4,325,210	$	196,099	$	258,938
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	(637,087)	$	(199,728)	$	(451)	$	95,790
Realized gain distributions		125,011		-		-		-
Net realized gains (losses)	$	(512,076)	$	(199,728)	$	(451)	$	95,790
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,014,616	$	7,069,546	$	(24,429)	$	1,167,074
Beginning of year		(2,305,606)		(1,587,302)		(11,013)		(264,119)
Change in unrealized appreciation (depreciation)	$	3,320,222	$	8,656,848	$	(13,416)	$	1,431,193
Realized and unrealized gains (losses)	$	2,808,146	$	8,457,120	$	(13,867)	$	1,526,983
Increase (Decrease) in net assets from operations	$	4,078,442	$	12,782,330	$	182,232	$	1,785,921

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	SSA		SVV		LGF		IGB
	Sub-Account		Sub-Account (k)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	47,246	$	70,788	$	-	$	815,007
Mortality and expense risk charges		(110,090)		(172,251)		(26,141)		(262,384)
Distribution and administrative expense charges		(13,211)		(20,670)		(3,137)		(31,486)
Net investment income (loss)	$	(76,055)	$	(122,133)	$	(29,278)	$	521,137
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	75,990	$	40,195	$	24,771	$	(80,573)
Realized gain distributions		486,022		-		5,497		-
Net realized gains (losses)	$	562,012	$	40,195	$	30,268	$	(80,573)
Net unrealized appreciation (depreciation) on investments:
End of year	$	(728,282)	$	(394,812)	$	115,020	$	(171,594)
Beginning of year		387,293		-		42,910		(32,930)
Change in unrealized appreciation (depreciation)	$	(1,115,575)	$	(394,812)	$	72,110	$	(138,664)
Realized and unrealized gains (losses)	$	(553,563)	$	(354,617)	$	102,378	$	(219,237)
Increase (Decrease) in net assets from operations	$	(629,618)	$	(476,750)	$	73,100	$	301,900
	VSC		SRE		SC3		CMM
	Sub-Account (k)		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	-	$	1,684,908	$	227,689	$	66,783
Mortality and expense risk charges		(597,862)		(2,075,411)		(290,012)		(22,855)
Distribution and administrative expense charges		(71,744)		(249,049)		(34,801)		(2,743)
Net investment income (loss)	$	(669,606)	$	(639,552)	$	(97,124)	$	41,185
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	(48,816)	$	1,946,989	$	2,473,842	$	-
Realized gain distributions		7,104,922		16,799,436		1,896,127		-
Net realized gains (losses)	$	7,056,106	$	18,746,425	$	4,369,969	$	-
Net unrealized appreciation (depreciation) on investments:
End of year	$	(13,207,741)	$	(23,760,985)	$	(621,205)	$	-
Beginning of year		-		18,097,465		6,046,756		-
Change in unrealized appreciation (depreciation)	$	(13,207,741)	$	(41,858,450)	$	(6,667,961)	$	-
Realized and unrealized gains (losses)	$	(6,151,635)	$	(23,112,025)	$	(2,297,992)	$	-
Increase (Decrease) in net assets from operations	$	(6,821,241)	$	(23,751,577)	$	(2,395,116)	$	41,185

(k) For the period March 5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	VLC		WTF		USC
	Sub-Account (k)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	52	$	-	$	-
Mortality and expense risk charges		(65,653)		(21,594)		(759)
Distribution and administrative expense charges		(7,878)		(2,591)		(91)
Net investment income (loss)	$	(73,479)	$	(24,185)	$	(850)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(14,785)	$	48,932	$	121
Realized gain distributions		744		21,856		1,697
Net realized gains (losses)	$	(14,041)	$	70,788	$	1,818
Net unrealized appreciation (depreciation) on investments:
End of year	$	(612,290)	$	165,931	$	974
Beginning of year		-		141,870		1,403
Change in unrealized appreciation (depreciation)	$	(612,290)	$	24,061	$	(429)
Realized and unrealized gains (losses)	$	(626,331)	$	94,849	$	1,389
Increase (Decrease) in net assets from operations	$	(699,810)	$	70,664	$	539

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	GSS		MFC		HYS		IG1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	13,143,292	$	8,811,435	$	12,782,061	$	255,123
Mortality and expense risk charges		(3,336,065)		(1,913,407)		(2,154,825)		(321,734)
Distribution and administrative expense charges		(400,328)		(229,609)		(258,579)		(38,608)
Net investment income (loss)	$	9,406,899	$	6,668,419	$	10,368,657	$	(105,219)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(5,789,686)	$	(339,994)	$	423,897	$	2,507,816
Realized gain distributions		-		-		-		3,205,120
Net realized gains (losses)	$	(5,789,686)	$	(339,994)	$	423,897	$	5,712,936
Net unrealized appreciation (depreciation) on investments:
End of year	$	(1,858,318)	$	(4,367,446)	$	(3,284,454)	$	3,969,355
Beginning of year		(12,550,984)		2,374,320		6,126,830		6,633,497
Change in unrealized appreciation (depreciation)	$	10,692,666	$	(6,741,766)	$	(9,411,284)	$	(2,664,142)
Realized and unrealized gains (losses)	$	4,902,980	$	(7,081,760)	$	(8,987,387)	$	3,048,794
Increase (Decrease) in net assets from operations	$	14,309,879	$	(413,341)	$	1,381,270	$	2,943,575
	IGS		MI1		MII		M1B
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,849,691	$	728,822	$	2,080,214	$	104,888
Mortality and expense risk charges		(1,704,379)		(1,418,487)		(1,629,062)		(1,488,928)
Distribution and administrative expense charges		(204,525)		(170,218)		(195,487)		(178,671)
Net investment income (loss)	$	(59,213)	$	(859,883)	$	255,665	$	(1,562,711)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	15,996,023	$	908,180	$	13,102,666	$	6,019,760
Realized gain distributions		19,500,569		5,666,427		15,499,548		-
Net realized gains (losses)	$	35,496,592	$	6,574,607	$	28,602,214	$	6,019,760
Net unrealized appreciation (depreciation) on investments:
End of year	$	27,670,929	$	(3,041,280)	$	10,153,790	$	17,426,105
Beginning of year		44,917,676		2,486,383		31,498,352		13,496,878
Change in unrealized appreciation (depreciation)	$	(17,246,747)	$	(5,527,663)	$	(21,344,562)	$	3,929,227
Realized and unrealized gains (losses)	$	18,249,845	$	1,046,944	$	7,257,652	$	9,948,987
Increase (Decrease) in net assets from operations	$	18,190,632	$	187,061	$	7,513,317	$	8,386,276

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	MIS		MFL		MIT		MC1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	1,095,953	$	3,204,380	$	8,276,571	$		-
Mortality and expense risk charges		(3,920,317)		(4,981,308)		(8,957,560)			(511,950)
Distribution and administrative expense charges		(470,438)		(597,757)		(1,074,907)			(61,434)
Net investment income (loss)	$	(3,294,802)	$	(2,374,685)	$	(1,755,896)	$		(573,384)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(12,150,016)	$	10,464,466	$	7,368,859	$		2,647,730
Realized gain distributions		-		-		-			-
Net realized gains (losses)	$	(12,150,016)	$	10,464,466	$	7,368,859	$		2,647,730
Net unrealized appreciation (depreciation) on investments:
End of year	$	38,286,994	$	49,069,090	$	101,452,831	$		6,389,755
Beginning of year		(5,626,129)		44,604,682		73,274,903			5,718,267
Change in unrealized appreciation (depreciation)	$	43,913,123	$	4,464,408	$	28,177,928	$		671,488
Realized and unrealized gains (losses)	$	31,763,107	$	14,928,874	$	35,546,787	$		3,319,218
Increase (Decrease) in net assets from operations	$	28,468,305	$	12,554,189	$	33,790,891	$		2,745,834
	MCS		MCV Sub-Account		MM1		MMS
	Sub-Account				Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	19,627	$	117,840	$	8,154,877	$	9,039,051
Mortality and expense risk charges		(672,234)		(366,417)		(2,870,154)		(2,426,420)
Distribution and administrative expense charges		(80,668)		(43,970)		(344,418)		(291,170)
Net investment income (loss)	$	(733,275)	$	(292,547)	$	4,940,305	$	6,321,461
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	5,385,885	$	704,416	$	-	$	-
Realized gain distributions		-		940,902		-		-
Net realized gains (losses)	$	5,385,885	$	1,645,318	$	-	$	-
Net unrealized appreciation (depreciation) on investments:
End of year	$	7,211,558	$	109,781	$	-	$	-
Beginning of year		7,633,258		1,339,357		-		-
Change in unrealized appreciation (depreciation)	$	(421,700)	$	(1,229,576)	$	-	$	-
Realized and unrealized gains (losses)	$	4,964,185	$	415,742	$	-	$	-
Increase (Decrease) in net assets from operations	$	4,230,910	$	123,195	$	4,940,305	$	6,321,461

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	M1A		NWD		RE1		RES
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	-	$	-	$	177,691	$	2,368,535
Mortality and expense risk charges		(2,196,193)		(1,550,011)		(420,935)		(3,561,075)
Distribution and administrative expense charges		(263,543)		(186,001)		(50,512)		(427,329)
Net investment income (loss)	$	(2,459,736)	$	(1,736,012)	$	(293,756)	$	(1,619,869)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	5,059,725	$	9,313,256	$	2,236,724	$	7,068,936
Realized gain distributions		3,758,980		3,168,273		-		-
Net realized gains (losses)	$	8,818,705	$	12,481,529	$	2,236,724	$	7,068,936
Net unrealized appreciation (depreciation) on investments:
End of year	$	14,774,334	$	21,624,337	$	7,002,761	$	57,877,591
Beginning of year		20,402,707		29,702,508		5,827,719		31,463,761
Change in unrealized appreciation (depreciation)	$	(5,628,373)	$	(8,078,171)	$	1,175,042	$	26,413,830
Realized and unrealized gains (losses)	$	3,190,332	$	4,403,358	$	3,411,766	$	33,482,766
Increase (Decrease) in net assets from operations	$	730,596	$	2,667,346	$	3,118,010	$	31,862,897
	RG1		RGS		RI1		RIS
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	40,027	$	369,212	$	1,622,418	$	1,242,995
Mortality and expense risk charges		(334,876)		(2,031,750)		(2,744,353)		(1,431,664)
Distribution and administrative expense charges		(40,185)		(243,810)		(329,322)		(171,800)
Net investment income (loss)	$	(335,034)	$	(1,906,348)	$	(1,451,257)	$	(360,469)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	816,081	$	12,712,287	$	8,851,443	$	15,174,782
Realized gain distributions		1,656,791		8,792,753		18,712,002		12,210,156
Net realized gains (losses)	$	2,472,872	$	21,505,040	$	27,563,445	$	27,384,938
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,249,850	$	3,033,775	$	23,458,971	$	21,823,313
Beginning of year		2,785,104		18,694,136		31,991,125		36,811,174
Change in unrealized appreciation (depreciation)	$	(1,535,254)	$	(15,660,361)	$	(8,532,154)	$	(14,987,861)
Realized and unrealized gains (losses)	$	937,618	$	5,844,679	$	19,031,291	$	12,397,077
Increase (Decrease) in net assets from operations	$	602,584	$	3,938,331	$	17,580,034	$	12,036,608

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	SG1		SGS		SI1		SIS
	Sub-Account (j)		Sub-Account (j)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	-	$	30,983	$	1,034,821	$	2,826,480
Mortality and expense risk charges		(292,721)		(184,404)		(283,501)		(666,159)
Distribution and administrative expense charges		(35,126)		(22,128)		(34,020)		(79,939)
Net investment income (loss)	$	(327,847)	$	(175,549)	$	717,300	$	2,080,382
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	7,651,615	$	5,993,733	$	(61,146)	$	(182,539)
Realized gain distributions		-		-		-		-
Net realized gains (losses)	$	7,651,615	$	5,993,733	$	(61,146)	$	(182,539)
Net unrealized appreciation (depreciation) on investments:
End of year	$	-	$	-	$	(387,486)	$	(783,862)
Beginning of year		4,783,277		3,834,880		(72,937)		110,671
Change in unrealized appreciation (depreciation)	$	(4,783,277)	$	(3,834,880)	$	(314,549)	$	(894,533)
Realized and unrealized gains (losses)	$	2,868,338	$	2,158,853	$	(375,695)	$	(1,077,072)
Increase (Decrease) in net assets from operations	$	2,540,491	$	1,983,304	$	341,605	$	1,003,310
	SVS		TE1		TEC		MFJ
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	128,507	$	-	$	-	$	21,608,259
Mortality and expense risk charges		(128,112)		(42,849)		(252,803)		(12,283,003)
Distribution and administrative expense charges		(15,373)		(5,142)		(30,336)		(1,473,960)
Net investment income (loss)	$	(14,978)	$	(47,991)	$	(283,139)	$	7,851,296
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	259,033	$	307,680	$	1,783,165	$	10,589,763
Realized gain distributions		594,422		-		-		31,459,984
Net realized gains (losses)	$	853,455	$	307,680	$	1,783,165	$	42,049,747
Net unrealized appreciation (depreciation) on investments:
End of year	$	(471,844)	$	1,026,534	$	5,647,745	$	22,533,987
Beginning of year		624,831		767,671		4,053,421		55,433,712
Change in unrealized appreciation (depreciation)	$	(1,096,675)	$	258,863	$	1,594,324	$	(32,899,725)
Realized and unrealized gains (losses)	$	(243,220)	$	566,543	$	3,377,489	$	9,150,022
Increase (Decrease) in net assets from operations	$	(258,198)	$	518,552	$	3,094,350	$	17,001,318

(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	TRS		MFE		UTS		MV1
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	30,213,439	$	952,956	$	4,509,071	$	1,917,428
Mortality and expense risk charges		(12,697,707)		(1,313,838)		(4,339,004)		(2,104,836)
Distribution and administrative expense charges		(1,523,725)		(157,661)		(520,681)		(252,580)
Net investment income (loss)	$	15,992,007	$	(518,543)	$	(350,614)	$	(439,988)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	27,075,991	$	7,936,076	$	37,208,278	$	9,560,247
Realized gain distributions		40,727,573		-		-		8,133,251
Net realized gains (losses)	$	67,803,564	$	7,936,076	$	37,208,278	$	17,693,498
Net unrealized appreciation (depreciation) on investments:
End of year	$	77,800,093	$	29,774,426	$	161,603,905	$	24,536,026
Beginning of year		129,535,798		18,020,622		118,258,903		33,572,765
Change in unrealized appreciation (depreciation)	$	(51,735,705)	$	11,753,804	$	43,345,002	$	(9,036,739)
Realized and unrealized gains (losses)	$	16,067,859	$	19,689,880	$	80,553,280	$	8,656,759
Increase (Decrease) in net assets from operations	$	32,059,866	$	19,171,337	$	80,202,666	$	8,216,771
	MVS		OBV		OCA		OGG
	Sub-Account		Sub-Account (k)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	4,805,998	$	833	$	4,003	$	406,796
Mortality and expense risk charges		(3,875,596)		(11,567)		(707,191)		(614,809)
Distribution and administrative expense charges		(465,071)		(1,388)		(84,863)		(73,777)
Net investment income (loss)	$	465,331	$	(12,122)	$	(788,051)	$	(281,790)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	30,660,076	$	809	$	3,114,782	$	1,233,692
Realized gain distributions		17,456,751		2,864		-		1,701,234
Net realized gains (losses)	$	48,116,827	$	3,673	$	3,114,782	$	2,934,926
Net unrealized appreciation (depreciation) on investments:
End of year	$	61,177,254	$	(38,108)	$	7,488,564	$	2,661,917
Beginning of year		90,080,125		-		5,027,664		3,927,889
Change in unrealized appreciation (depreciation)	$	(28,902,871)	$	(38,108)	$	2,460,900	$	(1,265,972)
Realized and unrealized gains (losses)	$	19,213,956	$	(34,435)	$	5,575,682	$	1,668,954
Increase (Decrease) in net assets from operations	$	19,679,287	$	(46,557)	$	4,787,631	$	1,387,164

(k) For the period March 5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	OMG		OMS		PMB		PLD
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	4,491,734	$	31,655	$	645,278	$	31,149,061
Mortality and expense risk charges		(9,645,745)		(309,369)		(183,020)		(10,350,124)
Distribution and administrative expense charges		(1,157,489)		(37,124)		(21,962)		(1,242,015)
Net investment income (loss)	$	(6,311,500)	$	(314,838)	$	440,296	$	19,556,922
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	7,564,726	$	1,300,784	$	80,124	$	(385,400)
Realized gain distributions		-		684,604		242,738		-
Net realized gains (losses)	$	7,564,726	$	1,985,388	$	322,862	$	(385,400)
Net unrealized appreciation (depreciation) on investments:
End of year	$	72,662,101	$	340,912	$	(86,351)	$	15,992,342
Beginning of year		65,051,556		2,530,944		260,594		(3,831,703)
Change in unrealized appreciation (depreciation)	$	7,610,545	$	(2,190,032)	$	(346,945)	$	19,824,045
Realized and unrealized gains (losses)	$	15,175,271	$	(204,644)	$	(24,083)	$	19,438,645
Increase (Decrease) in net assets from operations	$	8,863,771	$	(519,482)	$	416,213	$	38,995,567
	PRR		PTR		PRA		PCR
	Sub-Account		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	2,070,864	$	6,846,681	$	249,607	$	395,741
Mortality and expense risk charges		(714,793)		(2,251,313)		(47,775)		(122,146)
Distribution and administrative expense charges		(85,775)		(270,158)		(5,733)		(14,657)
Net investment income (loss)	$	1,270,296	$	4,325,210	$	196,099	$	258,938
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	(637,087)	$	(199,728)	$	(451)	$	95,790
Realized gain distributions		125,011		-		-		-
Net realized gains (losses)	$	(512,076)	$	(199,728)	$	(451)	$	95,790
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,014,616	$	7,069,546	$	(24,429)	$	1,167,074
Beginning of year		(2,305,606)		(1,587,302)		(11,013)		(264,119)
Change in unrealized appreciation (depreciation)	$	3,320,222	$	8,656,848	$	(13,416)	$	1,431,193
Realized and unrealized gains (losses)	$	2,808,146	$	8,457,120	$	(13,867)	$	1,526,983
Increase (Decrease) in net assets from operations	$	4,078,442	$	12,782,330	$	182,232	$	1,785,921

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	SSA		SVV		LGF		IGB
	Sub-Account		Sub-Account (k)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	47,246	$	70,788	$	-	$	815,007
Mortality and expense risk charges		(110,090)		(172,251)		(26,141)		(262,384)
Distribution and administrative expense charges		(13,211)		(20,670)		(3,137)		(31,486)
Net investment income (loss)	$	(76,055)	$	(122,133)	$	(29,278)	$	521,137
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	75,990	$	40,195	$	24,771	$	(80,573)
Realized gain distributions		486,022		-		5,497		-
Net realized gains (losses)	$	562,012	$	40,195	$	30,268	$	(80,573)
Net unrealized appreciation (depreciation) on investments:
End of year	$	(728,282)	$	(394,812)	$	115,020	$	(171,594)
Beginning of year		387,293		-		42,910		(32,930)
Change in unrealized appreciation (depreciation)	$	(1,115,575)	$	(394,812)	$	72,110	$	(138,664)
Realized and unrealized gains (losses)	$	(553,563)	$	(354,617)	$	102,378	$	(219,237)
Increase (Decrease) in net assets from operations	$	(629,618)	$	(476,750)	$	73,100	$	301,900
	VSC		SRE		SC3		CMM
	Sub-Account (k)		Sub-Account		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	-	$	1,684,908	$	227,689	$	66,783
Mortality and expense risk charges		(597,862)		(2,075,411)		(290,012)		(22,855)
Distribution and administrative expense charges		(71,744)		(249,049)		(34,801)		(2,743)
Net investment income (loss)	$	(669,606)	$	(639,552)	$	(97,124)	$	41,185
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	(48,816)	$	1,946,989	$	2,473,842	$	-
Realized gain distributions		7,104,922		16,799,436		1,896,127		-
Net realized gains (losses)	$	7,056,106	$	18,746,425	$	4,369,969	$	-
Net unrealized appreciation (depreciation) on investments:
End of year	$	(13,207,741)	$	(23,760,985)	$	(621,205)	$	-
Beginning of year		-		18,097,465		6,046,756		-
Change in unrealized appreciation (depreciation)	$	(13,207,741)	$	(41,858,450)	$	(6,667,961)	$	-
Realized and unrealized gains (losses)	$	(6,151,635)	$	(23,112,025)	$	(2,297,992)	$	-
Increase (Decrease) in net assets from operations	$	(6,821,241)	$	(23,751,577)	$	(2,395,116)	$	41,185

(k) For the period March 5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	VLC		WTF		USC
	Sub-Account (k)		Sub-Account		Sub-Account
Income and Expenses:
Dividend income	$	52	$	-	$	-
Mortality and expense risk charges		(65,653)		(21,594)		(759)
Distribution and administrative expense charges		(7,878)		(2,591)		(91)
Net investment income (loss)	$	(73,479)	$	(24,185)	$	(850)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	(14,785)	$	48,932	$	121
Realized gain distributions		744		21,856		1,697
Net realized gains (losses)	$	(14,041)	$	70,788	$	1,818
Net unrealized appreciation (depreciation) on investments:
End of year	$	(612,290)	$	165,931	$	974
Beginning of year		-		141,870		1,403
Change in unrealized appreciation (depreciation)	$	(612,290)	$	24,061	$	(429)
Realized and unrealized gains (losses)	$	(626,331)	$	94,849	$	1,389
Increase (Decrease) in net assets from operations	$	(699,810)	$	70,664	$	539

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets

	SGI				CSC				NMT				MCC				CMG
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended		Period Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007 (k)		2006		2007		2006		2007		2006		2007 (k)		2006		2007 (k)		2006
Operations:
Net investment income (loss)	$	(529,539)	$	-	$	(249)	$	(114)	$	(1,256)	$	(313)	$	(426,307)	$	-	$	(43,640)	$	-
Net realized gains (losses)		71,138		-		1,976		185		8,552		625		1,816,488		-		45,441		-
Net unrealized gains (losses)		(521,756)		-		(2,497)		1,436		12,344		5,746		2,322,447		-		328,574		-
Increase (Decrease) in net assets from operations	$	(980,157)	$	-	$	(770)	$	1,507	$	19,640	$	6,058	$	3,712,628	$	-	$	330,375	$	-
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	65,846,491	$	-	$	-	$	9,915	$	39,106	$	61,037	$	59,908,830	$	-	$	5,920,249	$	-
Net transfers between Sub-Accounts and
Fixed Account		18,942,858		-		1,282		35		(4,292)		10,788		14,261,897		-		1,352,946		-
Withdrawals, surrenders, annuitizations and
contract charges		(834,864)		-		(61)		(7)		(1,561)		-		(701,230)		-		(54,861)		-
Net accumulation activity	$	83,954,485	$	-	$	1,221	$	9,943	$	33,253	$	71,825	$	73,469,497	$	-	$	7,218,334	$	-
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		-		-		-		-		-		-		-		-		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		-		-		-		-		-		-		-		-		-		-
Net annuitization activity	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract
owner transactions	$	83,954,485	$	-	$	1,221	$	9,943	$	33,253	$	71,825	$	73,469,497	$	-	$	7,218,334	$	-
Increase (Decrease) in net assets	$	82,974,328	$	-	$	451	$	11,450	$	52,893	$	77,883	$	77,182,125	$	-	$	7,548,709	$	-
Net Assets:
Beginning of year	$	-	$	-	$	17,650	$	6,200	$	83,087	$	5,204	$	-	$	-	$	-	$	-
End of year	$	82,974,328	$	-	$	18,101	$	17,650	$	135,980	$	83,087	$	77,182,125	$	-	$	7,548,709	$	-
Unit Transactions:
Beginning of year		-		-		1,411		583		6,233		462		-		-		-		-
Purchased		6,114,623		-		-		826		2,825		4,870		5,221,770		-		526,212		-
Transferred between Sub-Accounts and Fixed
Accumulation Account		1,758,234		-		103		3		(264)		901		1,217,807		-		121,380		-
Withdrawn, Surrendered, and Annuitized		(81,274)		-		(5)		(1)		(104)		-		(82,859)		-		(6,902)		-
End of year		7,791,583		-		1,509		1,411		8,690		6,233		6,356,718		-		640,690		-

(k) For the period March 5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	NNG					NMI				FVB					F10				F15
	Sub-Account				Sub-Account						Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended			Year Ended		Year Ended		Period Ended			Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,			December 31,		December 31,		December 31,			December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006			2007		2006		2007 (k)			2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(3,820)	$	(1,705)		$	(41,428)	$	(614)	$		107,493	$	-	$	71,155	$	22,067	$	189,971	$	25,617
Net realized gains (losses)		15,585		158			114,989		1,301			3,697		-		297,735		32,882		527,414		77,580
Net unrealized gains (losses)		25,311		11,040			226,832		13,230			(144,261)		-		(89,889)		96,523		71,408		261,343
Increase (Decrease) in net assets from operations	$	37,076	$	9,493		$	300,393	$	13,917	$		(33,071)	$	-	$	279,001	$	151,472	$	788,793	$	364,540
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	-	$	71,000		$	4,686,269	$	121,430	$		11,284,487	$	-	$	3,000,621	$	1,158,982	$	5,208,788	$	6,031,331
Net transfers between Sub-Accounts and
Fixed Account		(70,920)		95,841			3,698,982		14,492			2,024,387		-		917,950		1,435,328		4,077,064		1,773,873
Withdrawals, surrenders, annuitizations and
contract charges		(1,179)		(74)			(98,222)		-			(34,804)		-		(242,462)		(15,247)		(505,227)		(349,436)
Net accumulation activity	$	(72,099)	$	166,767		$	8,287,029	$	135,922	$		13,274,070	$	-	$	3,676,109	$	2,579,063	$	8,780,625	$	7,455,768
Annuitization Activity:
Annuitizations	$	-	$	-		$	-	$	-	$		-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		-		-			-		-			-		-		-		-		-		-
Net transfers between Sub-Accounts		-		-			-		-			-		-		-		-		-		-
Adjustments to annuity reserves		-		-			-		-			-		-		-		-		-		-
Net annuitization activity	$	-	$	-		$	-	$	-	$		-	$	-	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract
owner transactions	$	(72,099)	$	166,767		$	8,287,029	$	135,922	$		13,274,070	$	-	$	3,676,109	$	2,579,063	$	8,780,625	$	7,455,768
Increase (Decrease) in net assets	$	(35,023)	$	176,260		$	8,587,422	$	149,839	$		13,240,999	$	-	$	3,955,110	$	2,730,535	$	9,569,418	$	7,820,308
Net Assets:
Beginning of year	$	226,596	$	50,336		$	165,345	$	15,506	$		-	$	-	$	2,974,098	$	243,563	$	8,088,852	$	268,544
End of year	$	191,573	$	226,596		$	8,752,767	$	165,345	$		13,240,999	$	-	$	6,929,208	$	2,974,098	$	17,658,270	$	8,088,852
Unit Transactions:
Beginning of year		19,841		4,598			11,385		1,299			-		-		268,016		23,605		715,554		25,858
Purchased		-		6,398			300,401		8,938			1,049,762		-		261,167		133,187		438,948		559,998
Transferred between Sub-Accounts and Fixed
Accumulation Account		(5,177)		8,852			227,995		1,148			187,797		-		77,586		136,506		345,411		164,200
Withdrawn, Surrendered, and Annuitized		(94)		(7)			(17,707)		-			(3,235)		-		(21,118)		(25,282)		(42,166)		(34,502)
End of year		14,570		19,841			522,074		11,385			1,234,324		-		585,651		268,016		1,457,747		715,554

(k) For the period March   5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	F20				FVM				FMS				TDM				FTG
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007 (k)		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	213,040	$	105,359	$	(627,501)	$	-	$	(342,306)	$	(234,449)	$	61,504	$	(21,509)	$	(156,864)	$	(81,285)
Net realized gains (losses)		1,273,585		222,100		109,267		-		5,128,408		2,552,491		3,279,418		95,614		2,240,694		757,389
Net unrealized gains (losses)		294,230		493,030		3,038,340		-		(5,239,071)		4,231,002		4,586,525		861,925		(2,342,080)		2,035,968
Increase (Decrease) in net assets from
operations	$	1,780,855	$	820,489	$	2,520,106	$	-	$	(452,969)	$	6,549,044	$	7,927,447	$	936,030	$	(258,250)	$	2,712,072
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	14,466,914	$	10,650,714	$	112,628,706	$	-	$	49,979,954	$	17,932,205	$	54,816,444	$	4,074,300	$	18,162,024	$	7,237,072
Net transfers between Sub-Accounts and
Fixed Account		6,859,478		3,509,402		25,354,571		-		9,701,085		9,288,424		9,311,256		1,572,821		3,829,450		4,227,979
Withdrawals, surrenders, annuitizations and
contract charges		(1,646,550)		(104,396)		(1,725,966)		-		(6,142,981)		(3,675,200)		(1,417,777)		(291,976)		(1,857,863)		(545,397)
Net accumulation activity	$	19,679,842	$	14,055,720	$	136,257,311	$	-	$	53,538,058	$	23,545,429	$	62,709,923	$	5,355,145	$	20,133,611	$	10,919,654
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		-		-		-		-		(2,429)		(2,196)		-		-		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		-		-		-		-		(260)		(363)		-		-		-		-
Net annuitization activity	$	-	$	-	$	-	$	-	$	(2,689)	$	(2,559)	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract owner transactions	$	19,679,842	$	14,055,720	$	136,257,311	$	-	$	53,535,369	$	23,542,870	$	62,709,923	$	5,355,145	$	20,133,611	$	10,919,654
Increase (Decrease) in net assets	$	21,460,697	$	14,876,209	$	138,777,417	$	-	$	53,082,400	$	30,091,914	$	70,637,370	$	6,291,175	$	19,875,361	$	13,631,726
Net Assets:
Beginning of year	$	14,984,152	$	107,943	$	-	$	-	$	58,070,328	$	27,978,414	$	7,216,012	$	924,837	$	22,093,074	$	8,461,348
End of year	$	36,444,849	$	14,984,152	$	138,777,417	$	-	$	111,152,728	$	58,070,328	$	77,853,382	$	7,216,012	$	41,968,435	$	22,093,074
Unit Transactions:
Beginning of year		1,308,908		10,353		-		-		3,368,514		1,886,907		511,631		82,552		1,134,629		518,022
Purchased		1,266,324		1,005,397		9,897,828		-		2,765,022		1,125,797		3,385,335		329,220		895,454		404,263
Transferred between Sub-Accounts and Fixed Accumulation Account		570,795		321,718		2,190,917		-		543,065		593,573		564,446		125,107		192,070		242,351
Withdrawn, Surrendered, and Annuitized		(201,170)		(28,560)		(204,568)		-		(358,485)		(237,763)		(100,626)		(25,248)		(93,932)		(30,007)
End of year		2,944,857		1,308,908		11,884,177		-		6,318,116		3,368,514		4,360,786		511,631		2,128,221		1,134,629

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	FTI				ISC				FVS				SIC				LAV
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007 (k)		2006		2007		2006		2007 (k)		2006		2007		2006
Operations:
Net investment income (loss)	$	987,772	$	(1,949,558)	$	74,901	$	-	$	(433,590)	$	(302,895)	$	29,959	$	-	$	(330,019)	$	(147,845)
Net realized gains (losses)		52,835,963		6,971,300		8,540		-		4,534,158		2,290,414		(20,264)		-		2,063,671		1,071,701
Net unrealized gains (losses)		10,086,338		56,227,353		(761,148)		-		(6,169,357)		1,380,519		39,345		-		(667,540)		752,919
Increase (Decrease) in net assets from
operations	$	63,910,073	$	61,249,095	$	(677,707)	$	-	$	(2,068,789)	$	3,368,038	$	49,040	$	-	$	1,066,112	$	1,676,775
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	53,353,349	$	144,049,990	$	30,398,015	$	-	$	10,658,874	$	8,433,637	$	3,745,076	$	-	$	9,053,961	$	9,639,253
Net transfers between Sub-Accounts and
Fixed Account		(29,738,016)		26,759,979		11,488,143		-		504,856		3,194,026		2,251,144		-		1,369,043		2,976,799
Withdrawals, surrenders, annuitizations and
contract charges		(34,710,111)		(19,539,053)		(664,275)		-		(3,415,384)		(1,599,488)		(299,873)		-		(1,610,844)		(1,284,681)
Net accumulation activity	$	(11,094,778)	$	151,270,916	$	41,221,883	$	-	$	7,748,346	$	10,028,175	$	5,696,347	$	-	$	8,812,160	$	11,331,371
Annuitization Activity:
Annuitizations	$	95,020	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(25,320)		(12,275)		-		-		(2,555)		(2,401)		-		-		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(4,550)		(1,428)		-		-		(198)		(377)		-		-		-		-
Net annuitization activity	$	65,150	$	(13,703)	$	-	$	-	$	(2,753)	$	(2,778)	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract owner transactions	$	(11,029,628)	$	151,257,213	$	41,221,883	$	-	$	7,745,593	$	10,025,397	$	5,696,347	$	-	$	8,812,160	$	11,331,371
Increase (Decrease) in net assets	$	52,880,445	$	212,506,308	$	40,544,176	$	-	$	5,676,804	$	13,393,435	$	5,745,387	$	-	$	9,878,272	$	13,008,146
Net Assets:
Beginning of year	$	449,411,615	$	236,905,307	$	-	$	-	$	32,015,946	$	18,622,511	$	-	$	-	$	21,338,547	$	8,330,401
End of year	$	502,292,060	$	449,411,615	$	40,544,176	$	-	$	37,692,750	$	32,015,946	$	5,745,387	$	-	$	31,216,819	$	21,338,547
Unit Transactions:
Beginning of year		23,906,416		15,021,292		-		-		1,597,154		1,065,024		-		-		1,530,051		673,060
Purchased		2,770,455		8,501,667		2,940,282		-		509,404		446,568		365,706		-		631,107		725,675
Transferred between Sub-Accounts and Fixed Accumulation Account
		(1,380,657)		1,576,633		1,112,795		-		22,542		170,833		220,113		-		95,287		225,941
Withdrawn, Surrendered, and Annuitized		(1,741,096)		(1,193,176)		(69,605)		-		(168,222)		(85,271)		(29,742)		-		(124,301)		(94,625)
End of year		23,555,118		23,906,416		3,983,472		-		1,960,878		1,597,154		556,077		-		2,132,144		1,530,051

(k) For the period March   5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	LA1				LA9				LA2				MF7				BDS
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(847,064)	$	(565,458)	$	(1,265,255)	$	(783,542)	$	(1,323,219)	$	(714,382)	$	3,077,639	$	3,239,683	$	5,426,215	$	6,062,225
Net realized gains (losses)		38,153,073		11,062,770		9,625,547		1,086,124		15,923,908		6,949,356		(1,907,910)		(625,930)		(2,957,466)		(560,119)
Net unrealized gains (losses)		(34,847,567)		22,787,968		3,808,816		2,362,173		(17,131,349)		775,661		92,715		(323,132)		(191,419)		(1,218,764)
Increase (Decrease) in net assets from
operations	$	2,458,442	$	33,285,280	$	12,169,108	$	2,664,755	$	(2,530,660)	$	7,010,635	$	1,262,444	$	2,290,621	$	2,277,330	$	4,283,342
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	205,629,540	$	90,941,531	$	9,122,992	$	20,928,850	$	26,776,365	$	26,148,959	$	6,335,834	$	3,541,989	$	1,979,571	$	1,429,134
Net transfers between Sub-Accounts and
Fixed Account		50,319,395		22,609,610		(2,720,890)		7,679,452		5,830,515		6,832,710		4,553,418		4,236,410		7,014,116		3,207,474
Withdrawals, surrenders, annuitizations and contract charges
		(27,857,693)		(14,208,187)		(4,715,038)		(2,280,937)		(6,701,760)		(3,736,971)		(11,189,614)		(9,419,037)		(26,308,757)		(31,343,359)
Net accumulation activity	$	228,091,242	$	99,342,954	$	1,687,064	$	26,327,365	$	25,905,120	$	29,244,698	$	(300,362)	$	(1,640,638)	$	(17,315,070)	$	(26,706,751)
Annuitization Activity:
Annuitizations	$	49,368	$	-	$	19,022	$	-	$	17,799	$	-	$	-	$	-	$	-	$	88,147
Annuity payments and contract charges		(23,159)		(15,223)		(3,080)		(917)		(8,160)		(5,159)		(1,737)		(1,696)		(137,975)		(65,814)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(3,745)		(2,726)		(687)		(59)		(890)		(614)		(135)		(161)		23,794		18,451
Net annuitization activity	$	22,464	$	(17,949)	$	15,255	$	(976)	$	8,749	$	(5,773)	$	(1,872)	$	(1,857)	$	(114,181)	$	40,784
Increase (Decrease) in net assets from contract owner transactions
	$	228,113,706	$	99,325,005	$	1,702,319	$	26,326,389	$	25,913,869	$	29,238,925	$	(302,234)	$	(1,642,495)	$	(17,429,251)	$	(26,665,967)
Increase (Decrease) in net assets	$	230,572,148	$	132,610,285	$	13,871,427	$	28,991,144	$	23,383,209	$	36,249,560	$	960,210	$	648,126	$	(15,151,921)	$	(22,382,625)
Net Assets:
Beginning of year	$	306,867,936	$	174,257,651	$	59,707,503	$	30,716,359	$	81,834,682	$	45,585,122	$	75,695,316	$	75,047,190	$	119,031,240	$	141,413,865
End of year	$	537,440,084	$	306,867,936	$	73,578,930	$	59,707,503	$	105,217,891	$	81,834,682	$	76,655,526	$	75,695,316	$	103,879,319	$	119,031,240
Unit Transactions:
Beginning of year		17,651,095		11,563,674		4,902,578		2,675,259		4,471,238		2,743,587		6,133,332		6,270,011		8,059,857		9,925,405
Purchased		11,423,326		5,621,684		704,682		1,779,483		1,393,672		1,544,166		512,582		294,011		133,647		99,201
Transferred between Sub-Accounts and Fixed Accumulation Account
		2,819,498		1,377,581		(184,572)		651,802		306,849		406,759		285,146		341,542		450,029		180,658
Withdrawn, Surrendered, and Annuitized		(1,620,757)		(911,844)		(353,110)		(203,966)		(362,754)		(223,274)		(820,882)		(772,232)		(1,746,617)		(2,145,407)
End of year		30,273,162		17,651,095		5,069,578		4,902,578		5,809,005		4,471,238		6,110,178		6,133,332		6,896,916		8,059,857

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	MFD				CAS				CO1				COS				MFF
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		June 25,		December 31,		June 25,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007 (j)		2006		2007 (j)		2006		2007		2006
Operations:
Net investment income (loss)	$	(429,027)	$	(473,094)	$	(5,074,076)	$	(5,785,742)	$	(69,466)	$	(198,364)	$	(39,355)	$	(1,624,864)	$	(320,760)	$	(296,313)
Net realized gains (losses)		2,025,567		1,414,284		(2,422,855)		(23,183,696)		5,406,194		401,028		17,298,523		(25,390,310)		1,779,941		1,240,630
Net unrealized gains (losses)		911,005		312,628		46,886,276		50,763,288		(3,741,609)		1,572,352		(1,172,757)		47,707,450		2,007,977		118,898
Increase (Decrease) in net assets from
operations	$	2,507,545	$	1,253,818	$	39,389,345	$	21,793,850	$	1,595,119	$	1,775,016	$	16,086,411	$	20,692,276	$	3,467,158	$	1,063,215
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	367,977	$	447,563	$	3,732,036	$	3,271,217	$	166,057	$	1,260,601	$	556,987	$	1,904,733	$	625,216	$	1,540,676
Net transfers between Sub-Accounts and
Fixed Account		(864,626)		(202,471)		(16,997,326)		(22,018,513)		(17,225,414)		(488,323)		(170,149,642)		(14,125,390)		317,096		122,580
Withdrawals, surrenders, annuitizations and
contract charges		(4,841,668)		(4,924,690)		(90,428,470)		(100,887,714)		(700,012)		(1,369,937)		(14,713,090)		(34,426,630)		(2,457,485)		(2,507,591)
Net accumulation activity	$	(5,338,317)	$	(4,679,598)	$	(103,693,760)	$	(119,635,010)	$	(17,759,369)	$	(597,659)	$	(184,305,745)	$	(46,647,287)	$	(1,515,173)	$	(844,335)
Annuitization Activity:
Annuitizations	$	-	$	-	$	136,869	$	182,024	$	-	$	-	$	2,451	$	60,913	$	-	$	-
Annuity payments and contract charges		(2,014)		(1,813)		(463,905)		(627,696)		(954)		(6,870)		(12,025)		(58,899)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(370)		(271)		(223,011)		(45,843)		3,481		(917)		89,161		(14,241)		(89)		(427)
Net annuitization activity	$	(2,384)	$	(2,084)	$	(550,047)	$	(491,515)	$	2,527	$	(7,787)	$	79,587	$	(12,227)	$	(89)	$	(427)
Increase (Decrease) in net assets from contract owner transactions
	$	(5,340,701)	$	(4,681,682)	$	(104,243,807)	$	(120,126,525)	$	(17,756,842)	$	(605,446)	$	(184,226,158)	$	(46,659,514)	$	(1,515,262)	$	(844,762)
Increase (Decrease) in net assets	$	(2,833,156)	$	(3,427,864)	$	(64,854,462)	$	(98,332,675)	$	(16,161,723)	$	1,169,570	$	(168,139,747)	$	(25,967,238)	$	1,951,896	$	218,453
Net Assets:
Beginning of year	$	29,113,014	$	32,540,878	$	450,366,226	$	548,698,901	$	16,161,723	$	14,992,153	$	168,139,747	$	194,106,985	$	18,737,905	$	18,519,452
End of year	$	26,279,858	$	29,113,014	$	385,511,764	$	450,366,226	$	-	$	16,161,723	$	-	$	168,139,747	$	20,689,801	$	18,737,905
Unit Transactions:
Beginning of year		3,012,379		3,518,217		33,490,792		41,628,520		1,377,231		1,483,374		16,499,273		21,130,668		1,615,364		1,747,003
Purchased		33,040		47,151		269,669		313,748		11,655		86,019		74,325		194,644		40,530		107,685
Transferred between Sub-Accounts and Fixed Accumulation Account
		(88,522)		(21,425)		(1,149,494)		(1,383,249)		(1,334,026)		(55,987)		(15,369,375)		(1,587,608)		6,662		(1,528)
Withdrawn, Surrendered, and Annuitized		(457,993)		(531,564)		(6,490,538)		(7,068,227)		(54,860)		(136,175)		(1,204,223)		(3,238,431)		(197,653)		(237,796)
End of year		2,498,904		3,012,379		26,120,429		33,490,792		-		1,377,231		-		16,499,273		1,464,903		1,615,364

(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	EGS				EM1				EME				GG1				GGS
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(3,646,903)	$	(4,054,889)	$	45,889	$	(98,257)	$	519,661	$	(269,042)	$	7,594	$	(62,552)	$	212,967	$	(553,318)
Net realized gains (losses)		5,549,744		(41,708,395)		5,776,088		3,857,380		31,261,715		30,636,607		(43,581)		(240,777)		(1,005,448)		(1,194,241)
Net unrealized gains (losses)		43,565,601		62,982,516		230,838		(224,970)		(5,566,348)		(9,795,436)		280,616		431,433		3,087,661		3,065,220
Increase (Decrease) in net assets from
operations	$	45,468,442	$	17,219,232	$	6,052,815	$	3,534,153	$	26,215,028	$	20,572,129	$	244,629	$	128,104	$	2,295,180	$	1,317,661
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	1,832,860	$	2,551,995	$	1,378,748	$	3,116,039	$	847,037	$	898,939	$	76,010	$	188,953	$	259,192	$	233,405
Net transfers between Sub-Accounts and
Fixed Account		(15,262,692)		(14,795,779)		(407,570)		4,201,069		(2,681,541)		3,256,059		288,035		174,553		1,729,548		(766,992)
Withdrawals, surrenders, annuitizations and
contract charges		(57,096,418)		(57,102,777)		(2,749,338)		(2,657,229)		(20,077,214)		(18,202,140)		(346,259)		(959,659)		(6,797,944)		(8,354,263)
Net accumulation activity	$	(70,526,250)	$	(69,346,561)	$	(1,778,160)	$	4,659,879	$	(21,911,718)	$	(14,047,142)	$	17,786	$	(596,153)	$	(4,809,204)	$	(8,887,850)
Annuitization Activity:
Annuitizations	$	58,636	$	86,703	$	-	$	-	$	-	$	-	$	-	$	-	$	10,069	$	26,422
Annuity payments and contract charges		(110,643)		(145,799)		-		-		(39,502)		(61,782)		(1,771)		(1,813)		(24,435)		(131,151)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(14,286)		(18,553)		-		-		(40,001)		(36,528)		(189)		(165)		(14,231)		(137)
Net annuitization activity	$	(66,293)	$	(77,649)	$	-	$	-	$	(79,503)	$	(98,310)	$	(1,960)	$	(1,978)	$	(28,597)	$	(104,866)
Increase (Decrease) in net assets from contract owner transactions
	$	(70,592,543)	$	(69,424,210)	$	(1,778,160)	$	4,659,879	$	(21,991,221)	$	(14,145,452)	$	15,826	$	(598,131)	$	(4,837,801)	$	(8,992,716)
Increase (Decrease) in net assets	$	(25,124,101)	$	(52,204,978)	$	4,274,655	$	8,194,032	$	4,223,807	$	6,426,677	$	260,455	$	(470,027)	$	(2,542,621)	$	(7,675,055)
Net Assets:
Beginning of year	$	263,364,457	$	315,569,435	$	18,546,786	$	10,352,754	$	87,687,610	$	81,260,933	$	3,762,442	$	4,232,469	$	36,201,209	$	43,876,264
End of year	$	238,240,356	$	263,364,457	$	22,821,441	$	18,546,786	$	91,911,417	$	87,687,610	$	4,022,897	$	3,762,442	$	33,658,588	$	36,201,209
Unit Transactions:
Beginning of year		24,616,070		30,633,904		813,675		441,657		3,300,914		3,923,235		283,792		327,850		2,234,976		2,809,654
Purchased		157,539		263,502		95,301		226,014		28,721		35,126		5,766		14,571		15,722		15,346
Transferred between Sub-Accounts and Fixed Accumulation Account
		(1,537,134)		(1,496,908)		11,246		245,982		(95,926)		119,471		21,311		14,065		114,644		(61,525)
Withdrawn, Surrendered, and Annuitized		(4,750,725)		(4,784,428)		(111,798)		(99,978)		(645,750)		(776,918)		(25,979)		(72,694)		(413,521)		(528,499)
End of year		18,485,750		24,616,070		808,424		813,675		2,587,959		3,300,914		284,890		283,792		1,951,821		2,234,976

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	GG2				GGR				GT2				GTR				MFK
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(13,724)	$	(101,955)	$	357,226	$	(1,203,693)	$	89,789	$	(141,028)	$	1,175,198	$	(754,110)	$	8,575,850	$	6,725,052
Net realized gains (losses)		763,954		788,817		12,581,196		7,533,573		2,366,012		1,982,874		20,435,227		18,249,102		(3,552,381)		(1,911,468)
Net unrealized gains (losses)		155,493		472,706		2,129,750		14,271,559		(1,201,886)		574,075		(10,966,142)		5,077,683		9,328,731		(383,093)
Increase (Decrease) in net assets from
operations	$	905,723	$	1,159,568	$	15,068,172	$	20,601,439	$	1,253,915	$	2,415,921	$	10,644,283	$	22,572,675	$	14,352,200	$	4,430,491
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	240,942	$	128,768	$	1,041,532	$	997,480	$	528,470	$	432,332	$	1,179,483	$	1,051,442	$	20,690,626	$	56,642,283
Net transfers between Sub-Accounts and
Fixed Account		70,960		1,107,840		(2,083,948)		428,100		2,194,451		927,396		3,413,309		10,318,948		6,362,810		28,931,340
Withdrawals, surrenders, annuitizations and contract charges
		(1,248,858)		(1,307,179)		(29,513,166)		(27,659,328)		(2,491,669)		(1,980,174)		(30,965,381)		(33,502,644)		(31,968,523)		(22,941,550)
Net accumulation activity	$	(936,956)	$	(70,571)	$	(30,555,582)	$	(26,233,748)	$	231,252	$	(620,446)	$	(26,372,589)	$	(22,132,254)	$	(4,915,087)	$	62,632,073
Annuitization Activity:
Annuitizations	$	-	$	-	$	57,741	$	142,026	$	-	$	-	$	64,849	$	6,591	$	11,994	$	-
Annuity payments and contract charges		(2,372)		(2,114)		(102,476)		(110,736)		(2,271)		(2,100)		(130,860)		(167,127)		(19,668)		(17,987)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(352)		(341)		(308)		(3,998)		(263)		(296)		(28,067)		(95,225)		(4,302)		(3,619)
Net annuitization activity	$	(2,724)	$	(2,455)	$	(45,043)	$	27,292	$	(2,534)	$	(2,396)	$	(94,078)	$	(255,761)	$	(11,976)	$	(21,606)
Increase (Decrease) in net assets from contract
owner transactions	$	(939,680)	$	(73,026)	$	(30,600,625)	$	(26,206,456)	$	228,718	$	(622,842)	$	(26,466,667)	$	(22,388,015)	$	(4,927,063)	$	62,610,467
Increase (Decrease) in net assets	$	(33,957)	$	1,086,542	$	(15,532,453)	$	(5,605,017)	$	1,482,633	$	1,793,079	$	(15,822,384)	$	184,660	$	9,425,137	$	67,040,958
Net Assets:
Beginning of year	$	8,624,775	$	7,538,233	$	140,323,466	$	145,928,483	$	18,291,763	$	16,498,684	$	156,233,915	$	156,049,255	$	272,332,913	$	205,291,955
End of year	$	8,590,818	$	8,624,775	$	124,791,013	$	140,323,466	$	19,774,396	$	18,291,763	$	140,411,531	$	156,233,915	$	281,758,050	$	272,332,913
Unit Transactions:
Beginning of year		548,900		552,979		7,063,308		8,221,692		1,149,650		1,195,804		7,258,332		8,201,461		25,308,705		19,255,861
Purchased		13,397		9,289		53,165		56,173		30,920		28,281		57,936		53,566		1,940,859		5,457,295
Transferred between Sub-Accounts and Fixed Accumulation Account
		6,233		75,554		(76,521)		119,395		129,881		55,914		200,728		549,127		571,437		2,767,847
Withdrawn, Surrendered, and Annuitized		(74,212)		(88,922)		(1,413,549)		(1,333,952)		(148,758)		(130,349)		(1,399,509)		(1,545,822)		(2,866,776)		(2,172,298)
End of year		494,318		548,900		5,626,403		7,063,308		1,161,693		1,149,650		6,117,487		7,258,332		24,954,225		25,308,705

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	GSS				MFC				HYS				IG1				IGS
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	9,406,899	$	11,312,305	$	6,668,419	$	6,580,588	$	10,368,657	$	13,665,888	$	(105,219)	$	(209,739)	$	(59,213)	$	(950,004)
Net realized gains (losses)		(5,789,686)		(5,585,528)		(339,994)		(1,037,322)		423,897		1,043,343		5,712,936		3,981,673		35,496,592		19,777,825
Net unrealized gains (losses)		10,692,666		358,495		(6,741,766)		2,669,872		(9,411,284)		1,739,935		(2,664,142)		467,195		(17,246,747)		8,157,503
Increase (Decrease) in net assets from
operations	$	14,309,879	$	6,085,272	$	(413,341)	$	8,213,138	$	1,381,270	$	16,449,166	$	2,943,575	$	4,239,129	$	18,190,632	$	26,985,324
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	4,066,786	$	3,344,573	$	25,582,682	$	19,354,502	$	1,785,028	$	1,669,446	$	3,425,925	$	446,346	$	1,179,946	$	1,020,027
Net transfers between Sub-Accounts and
Fixed Account		5,388,539		399,815		8,721,734		3,656,850		(5,930,991)		(2,403,644)		2,511,685		834,737		2,608,670		5,042,260
Withdrawals, surrenders, annuitizations and contract charges
		(59,410,627)		(70,684,308)		(16,039,152)		(11,638,843)		(38,001,842)		(44,119,232)		(3,347,246)		(2,865,599)		(28,493,641)		(21,189,319)
Net accumulation activity	$	(49,955,302)	$	(66,939,920)	$	18,265,264	$	11,372,509	$	(42,147,805)	$	(44,853,430)	$	2,590,364	$	(1,584,516)	$	(24,705,025)	$	(15,127,032)
Annuitization Activity:
Annuitizations	$	248,454	$	475,216	$	1,435	$	-	$	59,075	$	46,421	$	-	$	-	$	14,124	$	19,077
Annuity payments and contract charges		(286,679)		(267,284)		(8,093)		(7,671)		(91,381)		(302,946)		-		-		(39,524)		(32,077)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		20,897		(75,099)		(1,439)		(1,608)		(84,893)		50,603		(131)		(165)		(16,857)		(10,659)
Net annuitization activity	$	(17,328)	$	132,833	$	(8,097)	$	(9,279)	$	(117,199)	$	(205,922)	$	(131)	$	(165)	$	(42,257)	$	(23,659)
Increase (Decrease) in net assets from contract owner transactions
	$	(49,972,630)	$	(66,807,087)	$	18,257,167	$	11,363,230	$	(42,265,004)	$	(45,059,352)	$	2,590,233	$	(1,584,681)	$	(24,747,282)	$	(15,150,691)
Increase (Decrease) in net assets	$	(35,662,751)	$	(60,721,815)	$	17,843,826	$	19,576,368	$	(40,883,734)	$	(28,610,186)	$	5,533,808	$	2,654,448	$	(6,556,650)	$	11,834,633
Net Assets:
Beginning of year	$	283,320,766	$	344,042,581	$	114,743,896	$	95,167,528	$	186,188,557	$	214,798,743	$	20,902,161	$	18,247,713	$	131,169,208	$	119,334,575
End of year	$	247,658,015	$	283,320,766	$	132,587,722	$	114,743,896	$	145,304,823	$	186,188,557	$	26,435,969	$	20,902,161	$	124,612,558	$	131,169,208
Unit Transactions:
Beginning of year		18,582,159		22,849,712		8,020,269		7,227,900		11,347,579		14,094,783		1,126,228		1,221,898		7,850,731		8,840,529
Purchased		259,281		237,675		1,736,329		1,406,471		99,588		116,036		283,884		27,024		63,927		66,415
Transferred between Sub-Accounts and Fixed Accumulation Account
		342,298		43,682		533,797		243,007		(339,736)		(155,238)		213,249		47,674		123,701		304,306
Withdrawn, Surrendered, and Annuitized		(3,847,486)		(4,548,910)		(1,058,680)		(857,109)		(2,295,983)		(2,708,002)		(168,338)		(170,368)		(1,543,787)		(1,360,519)
End of year		15,336,252		18,582,159		9,231,715		8,020,269		8,811,448		11,347,579		1,455,023		1,126,228		6,494,572		7,850,731

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets – continued

	MI1				MII				M1B				MIS				MFL
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(859,883)	$	(59,660)	$	255,665	$	(216,729)	$	(1,562,711)	$	(1,312,647)	$	(3,294,802)	$	(4,462,523)	$	(2,374,685)	$	(2,603,982)
Net realized gains (losses)		6,574,607		3,020,803		28,602,214		23,350,199		6,019,760		2,840,609		(12,150,016)		(32,516,504)		10,464,466		4,853,248
Net unrealized gains (losses)		(5,527,663)		139,521		(21,344,562)		5,223,282		3,929,227		2,795,592		43,913,123		55,634,010		4,464,408		24,392,057
Increase (Decrease) in net assets from
operations	$	187,061	$	3,100,664	$	7,513,317	$	28,356,752	$	8,386,276	$	4,323,554	$	28,468,305	$	18,654,983	$	12,554,189	$	26,641,323
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	165,373,309	$	231,030	$	913,074	$	1,117,644	$	3,144,694	$	6,419,803	$	2,257,232	$	2,703,815	$	25,250,054	$	81,073,506
Net transfers between Sub-Accounts and
Fixed Account		35,794,844		3,396,874		1,768,872		18,016,000		33,103,692		(1,867,565)		9,684,829		(20,440,145)		4,979,728		20,863,108
Withdrawals, surrenders, annuitizations and
contract charges		(4,354,821)		(2,901,252)		(26,124,567)		(22,779,644)		(15,302,153)		(8,892,827)		(63,722,187)		(57,038,071)		(27,767,453)		(17,984,649)
Net accumulation activity	$	196,813,332	$	726,652	$	(23,442,621)	$	(3,646,000)	$	20,946,233	$	(4,340,589)	$	(51,780,126)	$	(74,774,401)	$	2,462,329	$	83,951,965
Annuitization Activity:
Annuitizations	$	-	$	-	$	9,734	$	-	$	-	$	-	$	22,807	$	136,017	$	71,145	$	-
Annuity payments and contract charges		-		-		(57,259)		(43,454)		(1,576)		(1,353)		(98,009)		(95,740)		(9,920)		(4,041)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		-		-		(9,974)		(29,289)		(350)		(157)		(17,600)		(8,117)		(3,135)		(871)
Net annuitization activity	$	-	$	-	$	(57,499)	$	(72,743)	$	(1,926)	$	(1,510)	$	(92,802)	$	32,160	$	58,090	$	(4,912)
Increase (Decrease) in net assets from contract
owner transactions	$	196,813,332	$	726,652	$	(23,500,120)	$	(3,718,743)	$	20,944,307	$	(4,342,099)	$	(51,872,928)	$	(74,742,241)	$	2,520,419	$	83,947,053
Increase (Decrease) in net assets	$	197,000,393	$	3,827,316	$	(15,986,803)	$	24,638,009	$	29,330,583	$	(18,545)	$	(23,404,623)	$	(56,087,258)	$	15,074,608	$	110,588,376
Net Assets:
Beginning of year	$	14,701,003	$	10,873,687	$	129,700,838	$	105,062,829	$	78,640,745	$	78,659,290	$	309,578,994	$	365,666,252	$	295,643,335	$	185,054,959
End of year	$	211,701,396	$	14,701,003	$	113,714,035	$	129,700,838	$	107,971,328	$	78,640,745	$	286,174,371	$	309,578,994	$	310,717,943	$	295,643,335
Unit Transactions:
Beginning of year		703,270		661,889		5,838,111		5,984,457		6,763,495		7,285,892		35,387,641		43,809,878		19,922,745		14,452,676
Purchased		15,207,992		11,654		39,770		57,377		248,522		498,468		248,716		331,428		1,599,468		5,525,704
Transferred between Sub-Accounts and Fixed
Accumulation Account		3,258,596		183,092		104,829		893,568		2,464,393		(154,128)		1,294,892		(2,507,580)		318,232		1,386,179
Withdrawn, Surrendered, and Annuitized		(376,803)		(153,365)		(1,123,841)		(1,097,291)		(1,202,016)		(866,737)		(6,866,358)		(6,246,085)		(1,857,780)		(1,441,814)
End of year		18,793,055		703,270		4,858,869		5,838,111		8,274,394		6,763,495		30,064,891		35,387,641		19,982,665		19,922,745

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets – continued

	MIT				MC1				MCS				MCV				MM1
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(1,755,896)	$	(4,765,684)	$	(573,384)	$	(617,659)	$	(733,275)	$	(893,129)	$	(292,547)	$	(420,532)	$	4,940,305	$	3,338,884
Net realized gains (losses)		7,368,859		(28,871,748)		2,647,730		2,599,183		5,385,885		5,021,236		1,645,318		3,659,414		-		-
Net unrealized gains (losses)		28,177,928		120,577,334		671,488		(1,843,274)		(421,700)		(4,040,962)		(1,229,576)		(1,087,861)		-		-
Increase (Decrease) in net assets from
operations	$	33,790,891	$	86,939,902	$	2,745,834	$	138,250	$	4,230,910	$	87,145	$	123,195	$	2,151,021	$	4,940,305	$	3,338,884
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	6,614,247	$	7,051,917	$	451,083	$	847,927	$	512,450	$	447,221	$	423,312	$	544,143	$	61,717,905	$	47,732,535
Net transfers between Sub-Accounts and
Fixed Account		(28,361,335)		(26,928,173)		(1,214,252)		(1,022,157)		(2,429,252)		(3,463,195)		456,673		(1,040,782)		56,182,300		24,941,438
Withdrawals, surrenders, annuitizations and
contract charges		(154,520,107)		(165,854,065)		(5,661,933)		(5,000,852)		(10,858,112)		(12,252,132)		(3,524,533)		(2,835,250)		(57,245,912)		(39,267,818)
Net accumulation activity	$	(176,267,195)	$	(185,730,321)	$	(6,425,102)	$	(5,175,082)	$	(12,774,914)	$	(15,268,106)	$	(2,644,548)	$	(3,331,889)	$	60,654,293	$	33,406,155
Annuitization Activity:
Annuitizations	$	248,090	$	442,410	$	-	$	-	$	-	$	8,063	$	-	$	-	$	2,397	$	-
Annuity payments and contract charges		(501,405)		(510,623)		(1,670)		(1,498)		(10,478)		(12,655)		(2,514)		(151)		(24,204)		(23,945)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(82,245)		(142,634)		(219)		(140)		(506)		3,251		(811)		(23)		(2,041)		(2,127)
Net annuitization activity	$	(335,560)	$	(210,847)	$	(1,889)	$	(1,638)	$	(10,984)	$	(1,341)	$	(3,325)	$	(174)	$	(23,848)	$	(26,072)
Increase (Decrease) in net assets from contract
owner transactions	$	(176,602,755)	$	(185,941,168)	$	(6,426,991)	$	(5,176,720)	$	(12,785,898)	$	(15,269,447)	$	(2,647,873)	$	(3,332,063)	$	60,630,445	$	33,380,083
Increase (Decrease) in net assets	$	(142,811,864)	$	(99,001,266)	$	(3,681,157)	$	(5,038,470)	$	(8,554,988)	$	(15,182,302)	$	(2,524,678)	$	(1,181,042)	$	65,570,750	$	36,718,967
Net Assets:
Beginning of year	$	759,598,902	$	858,600,168	$	35,351,366	$	40,389,836	$	53,469,128	$	68,651,430	$	24,368,309	$	25,549,351	$	153,918,543	$	117,199,576
End of year	$	616,787,038	$	759,598,902	$	31,670,209	$	35,351,366	$	44,914,140	$	53,469,128	$	21,843,631	$	24,368,309	$	219,489,293	$	153,918,543
Unit Transactions:
Beginning of year		47,922,260		59,467,044		3,386,735		3,978,465		9,323,613		12,048,420		1,467,221		1,682,084		15,330,003		11,958,338
Purchased		423,587		494,788		35,543		83,713		82,591		78,025		23,721		34,925		6,167,044		4,902,533
Transferred between Sub-Accounts and Fixed
Accumulation Account		(1,949,041)		(1,858,078)		(100,388)		(126,108)		(440,951)		(638,672)		25,867		(66,820)		5,016,618		2,188,498
Withdrawn, Surrendered, and Annuitized		(9,527,577)		(10,181,494)		(499,560)		(549,335)		(1,729,402)		(2,164,160)		(202,558)		(182,968)		(5,246,292)		(3,719,366)
End of year		36,869,229		47,922,260		2,822,330		3,386,735		7,235,851		9,323,613		1,314,251		1,467,221		21,267,373		15,330,003

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	MMS				M1A				NWD				RE1				RES
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	6,321,461	$	5,907,513	$	(2,459,736)	$	(1,785,935)	$	(1,736,012)	$	(1,918,070)	$	(293,756)	$	(321,736)	$	(1,619,869)	$	(2,351,141)
Net realized gains (losses)		-		-		8,818,705		4,587,817		12,481,529		2,657,230		2,236,724		1,625,266		7,068,936		(30,044,374)
Net unrealized gains (losses)		-		-		(5,628,373)		9,393,835		(8,078,171)		13,402,924		1,175,042		1,012,634		26,413,830		58,868,032
Increase (Decrease) in net assets from
operations	$	6,321,461	$	5,907,513	$	730,596	$	12,195,717	$	2,667,346	$	14,142,084	$	3,118,010	$	2,316,164	$	31,862,897	$	26,472,517
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	6,039,243	$	10,379,663	$	11,308,806	$	36,655,110	$	1,056,526	$	948,849	$	837,414	$	2,310,816	$	2,286,679	$	3,106,787
Net transfers between Sub-Accounts and
Fixed Account		141,114,496		91,383,956		8,506,963		5,504,921		(3,235,178)		(4,599,333)		(489,934)		(359,253)		(11,505,580)		(16,159,167)
Withdrawals, surrenders, annuitizations and
contract charges		(147,571,380)		(116,844,137)		(10,426,000)		(8,526,656)		(26,834,328)		(22,572,953)		(3,879,835)		(3,243,998)		(62,360,691)		(68,380,487)
Net accumulation activity	$	(417,641)	$	(15,080,518)	$	9,389,769	$	33,633,375	$	(29,012,980)	$	(26,223,437)	$	(3,532,355)	$	(1,292,435)	$	(71,579,592)	$	(81,432,867)
Annuitization Activity:
Annuitizations	$	257,183	$	194,051	$	28,288	$	-	$	7,411	$	44,029	$	-	$	-	$	45,806	$	51,212
Annuity payments and contract charges		(237,884)		(285,303)		(11,419)		(7,355)		(48,833)		(47,257)		(2,154)		(1,840)		(197,292)		(239,516)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(27,582)		(34,535)		(1,408)		(938)		(1,622)		(8,874)		(252)		(218)		(40,974)		(74,711)
Net annuitization activity	$	(8,283)	$	(125,787)	$	15,461	$	(8,293)	$	(43,044)	$	(12,102)	$	(2,406)	$	(2,058)	$	(192,460)	$	(263,015)
Increase (Decrease) in net assets from contract owner transactions
	$	(425,924)	$	(15,206,305)	$	9,405,230	$	33,625,082	$	(29,056,024)	$	(26,235,539)	$	(3,534,761)	$	(1,294,493)	$	(71,772,052)	$	(81,695,882)
Increase (Decrease) in net assets	$	5,895,537	$	(9,298,792)	$	10,135,826	$	45,820,799	$	(26,388,678)	$	(12,093,455)	$	(416,751)	$	1,021,671	$	(39,909,155)	$	(55,223,365)
Net Assets:
Beginning of year	$	182,628,575	$	191,927,367	$	128,060,378	$	82,239,579	$	125,408,472	$	137,501,927	$	28,453,629	$	27,431,958	$	297,727,331	$	352,950,696
End of year	$	188,524,112	$	182,628,575	$	138,196,204	$	128,060,378	$	99,019,794	$	125,408,472	$	28,036,878	$	28,453,629	$	257,818,176	$	297,727,331
Unit Transactions:
Beginning of year		14,751,948		15,938,732		8,544,360		6,422,025		10,624,368		12,797,342		2,112,711		2,260,668		18,185,522		23,187,138
Purchased		477,864		836,746		683,806		2,450,426		84,464		85,580		53,043		160,843		154,953		239,177
Transferred between Sub-Accounts and Fixed Accumulation Account
		10,788,463		6,692,374		522,343		376,434		(245,156)		(435,237)		(38,054)		(47,374)		(641,942)		(1,153,335)
Withdrawn, Surrendered, and Annuitized		(11,275,853)		(8,715,904)		(699,455)		(704,525)		(2,101,572)		(1,823,317)		(273,863)		(261,426)		(3,603,727)		(4,087,458)
End of year		14,742,422		14,751,948		9,051,054		8,544,360		8,362,104		10,624,368		1,853,837		2,112,711		14,094,806		18,185,522

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	RG1				RGS				RI1				RIS				SG1
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		June 25,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007 (j)		2006
Operations:
Net investment income (loss)	$	(335,034)	$	(126,087)	$	(1,906,348)	$	(634,584)	$	(1,451,257)	$	(917,784)	$	(360,469)	$	(332,182)	$	(327,847)	$	(669,696)
Net realized gains (losses)		2,472,872		864,164		21,505,040		3,354,086		27,563,445		12,996,679		27,384,938		14,119,271		7,651,615		1,338,102
Net unrealized gains (losses)		(1,535,254)		559,182		(15,660,361)		5,825,404		(8,532,154)		13,500,925		(14,987,861)		9,539,121		(4,783,277)		1,146,347
Increase (Decrease) in net assets from
operations	$	602,584	$	1,297,259	$	3,938,331	$	8,544,906	$	17,580,034	$	25,579,820	$	12,036,608	$	23,326,210	$	2,540,491	$	1,814,753
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	3,850,512	$	241,147	$	1,570,844	$	743,733	$	42,320,004	$	36,303,078	$	875,793	$	912,018	$	321,666	$	2,024,888
Net transfers between Sub-Accounts and
Fixed Account		20,141,336		2,784,437		161,515,167		6,351,781		(2,667,190)		7,278,035		(473,891)		12,028,268		(39,033,661)		(867,119)
Withdrawals, surrenders, annuitizations and contract charges
		(2,768,458)		(1,631,089)		(36,633,773)		(15,821,795)		(14,443,391)		(7,763,750)		(25,676,317)		(16,597,323)		(1,987,172)		(3,972,235)
Net accumulation activity	$	21,223,390	$	1,394,495	$	126,452,238	$	(8,726,281)	$	25,209,423	$	35,817,363	$	(25,274,415)	$	(3,657,037)	$	(40,699,167)	$	(2,814,466)
Annuitization Activity:
Annuitizations	$	-	$	-	$	44,855	$	-	$	50,551	$	-	$	8,672	$	-	$	-	$	-
Annuity payments and contract charges		(7,133)		-		(55,434)		(41,670)		(8,101)		(2,212)		(38,132)		(23,735)		(122)		(234)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(4,279)		-		(108,983)		2,742		(1,705)		(174)		(5,942)		(2,259)		97		(31)
Net annuitization activity	$	(11,412)	$	-	$	(119,562)	$	(38,928)	$	40,745	$	(2,386)	$	(35,402)	$	(25,994)	$	(25)	$	(265)
Increase (Decrease) in net assets from contract owner transactions
	$	21,211,978	$	1,394,495	$	126,332,676	$	(8,765,209)	$	25,250,168	$	35,814,977	$	(25,309,817)	$	(3,683,031)	$	(40,699,192)	$	(2,814,731)
Increase (Decrease) in net assets	$	21,814,562	$	2,691,754	$	130,271,007	$	(220,303)	$	42,830,202	$	61,394,797	$	(13,273,209)	$	19,643,179	$	(38,158,701)	$	(999,978)
Net Assets:
Beginning of year	$	12,643,624	$	9,951,870	$	77,970,401	$	78,190,704	$	148,626,673	$	87,231,876	$	111,472,872	$	91,829,693	$	38,158,701	$	39,158,679
End of year	$	34,458,186	$	12,643,624	$	208,241,408	$	77,970,401	$	191,456,875	$	148,626,673	$	98,199,663	$	111,472,872	$	-	$	38,158,701
Unit Transactions:
Beginning of year		979,416		870,283		6,003,584		6,688,530		6,902,034		5,123,155		6,522,015		6,756,158		2,994,133		3,249,303
Purchased		353,852		20,630		99,747		62,559		1,806,168		1,831,103		49,462		60,752		25,487		156,837
Transferred between Sub-Accounts and Fixed Accumulation Account
		1,596,866		227,234		11,383,393		540,983		(113,894)		372,408		(47,976)		700,213		(2,862,155)		(77,359)
Withdrawn, Surrendered, and Annuitized		(222,161)		(138,731)		(2,624,055)		(1,288,488)		(649,819)		(424,632)		(1,361,282)		(995,108)		(157,465)		(334,648)
End of year		2,707,973		979,416		14,862,669		6,003,584		7,944,489		6,902,034		5,162,219		6,522,015		-		2,994,133

(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	SGS				SI1				SIS				SVS				TE1
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	June 25,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007 (j)		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(175,549)	$	(474,075)	$	717,300	$	891,825	$	2,080,382	$	2,520,993	$	(14,978)	$	(107,139)	$	(47,991)	$	(47,938)
Net realized gains (losses)		5,993,733		628,136		(61,146)		313,098		(182,539)		964,898		853,455		1,100,321		307,680		327,087
Net unrealized gains (losses)		(3,834,880)		1,301,843		(314,549)		(203,176)		(894,533)		(769,246)		(1,096,675)		50,313		258,863		278,425
Increase (Decrease) in net assets from
operations	$	1,983,304	$	1,455,904	$	341,605	$	1,001,747	$	1,003,310	$	2,716,645	$	(258,198)	$	1,043,495	$	518,552	$	557,574
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	116,703	$	424,552	$	239,251	$	244,594	$	338,126	$	434,650	$	139,421	$	66,148	$	31,787	$	176,922
Net transfers between Sub-Accounts and
Fixed Account		(30,175,214)		(2,627,730)		(184,118)		1,537,052		4,120,664		3,232,949		(266,580)		(1,688,899)		387,667		(402,364)
Withdrawals, surrenders, annuitizations and contract charges
		(1,997,371)		(5,404,528)		(3,146,036)		(3,572,110)		(10,118,336)		(11,701,524)		(1,388,128)		(968,571)		(533,155)		(561,321)
Net accumulation activity	$	(32,055,882)	$	(7,607,706)	$	(3,090,903)	$	(1,790,464)	$	(5,659,546)	$	(8,033,925)	$	(1,515,287)	$	(2,591,322)	$	(113,701)	$	(786,763)
Annuitization Activity:
Annuitizations	$	-	$	52,641	$	-	$	-	$	22,814	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(3,184)		(2,530)		(3,105)		(3,058)		(29,674)		(20,161)		-		-		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		7,989		(445)		(279)		(335)		(206)		(10,187)		-		-		-		-
Net annuitization activity	$	4,805	$	49,666	$	(3,384)	$	(3,393)	$	(7,066)	$	(30,348)	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract owner transactions
	$	(32,051,077)	$	(7,558,040)	$	(3,094,287)	$	(1,793,857)	$	(5,666,612)	$	(8,064,273)	$	(1,515,287)	$	(2,591,322)	$	(113,701)	$	(786,763)
Increase (Decrease) in net assets	$	(30,067,773)	$	(6,102,136)	$	(2,752,682)	$	(792,110)	$	(4,663,302)	$	(5,347,628)	$	(1,773,485)	$	(1,547,827)	$	404,851	$	(229,189)
Net Assets:
Beginning of year	$	30,067,773	$	36,169,909	$	21,695,648	$	22,487,758	$	52,671,180	$	58,018,808	$	8,983,508	$	10,531,335	$	3,147,970	$	3,377,159
End of year	$	-	$	30,067,773	$	18,942,966	$	21,695,648	$	48,007,878	$	52,671,180	$	7,210,023	$	8,983,508	$	3,552,821	$	3,147,970
Unit Transactions:
Beginning of year		4,617,313		5,803,755		1,662,083		1,805,113		3,797,869		4,397,877		611,352		796,494		332,775		419,282
Purchased		19,684		66,279		17,967		19,389		24,084		33,040		9,590		4,734		3,048		23,360
Transferred between Sub-Accounts and Fixed Accumulation Account
		(4,349,975)		(428,005)		(15,427)		106,573		280,282		231,863		(13,881)		(113,962)		29,488		(41,930)
Withdrawn, Surrendered, and Annuitized		(287,022)		(824,716)		(238,631)		(268,992)		(709,304)		(864,911)		(95,413)		(75,914)		(50,818)		(67,937)
End of year		-		4,617,313		1,425,992		1,662,083		3,392,931		3,797,869		511,648		611,352		314,493		332,775

(j) Sub-Account closed on June 25, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	TEC				MFJ				TRS				MFE				UTS
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(283,139)	$	(268,139)	$	7,851,296	$	5,629,394	$	15,992,007	$	15,993,894	$	(518,543)	$	481,991	$	(350,614)	$	4,762,209
Net realized gains (losses)		1,783,165		1,238,694		42,049,747		34,752,066		67,803,564		52,756,757		7,936,076		4,442,052		37,208,278		7,054,717
Net unrealized gains (losses)		1,594,324		2,358,913		(32,899,725)		27,167,038		(51,735,705)		44,068,445		11,753,804		8,648,245		43,345,002		69,924,730
Increase (Decrease) in net assets from
operations	$	3,094,350	$	3,329,468	$	17,001,318	$	67,548,498	$	32,059,866	$	112,819,096	$	19,171,337	$	13,572,288	$	80,202,666	$	81,741,656
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	120,620	$	481,499	$	153,464,603	$	152,043,446	$	9,198,952	$	9,552,200	$	27,336,040	$	12,387,129	$	3,734,801	$	3,133,153
Net transfers between Sub-Accounts and
Fixed Account		2,212,705		(863,305)		(3,746,061)		(27,841,332)		(8,962,313)		(20,050,896)		6,129,999		7,162,826		(3,935,175)		8,546,449
Withdrawals, surrenders, annuitizations and contract charges
		(3,075,660)		(3,110,610)		(77,469,086)		(69,873,385)		(213,076,042)		(249,489,606)		(8,542,296)		(5,788,717)		(77,700,064)		(65,146,846)
Net accumulation activity	$	(742,335)	$	(3,492,416)	$	72,249,456	$	54,328,729	$	(212,839,403)	$	(259,988,302)	$	24,923,743	$	13,761,238	$	(77,900,438)	$	(53,467,244)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	36,380	$	466,223	$	465,062	$	-	$	-	$	116,931	$	74,385
Annuity payments and contract charges		(2,979)		(6,059)		(78,251)		(70,667)		(1,080,675)		(1,154,292)		(5,734)		(4,233)		(124,921)		(106,328)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(743)		(1,212)		(1,787)		(4,478)		(115,616)		(72,650)		(1,057)		(853)		(91,949)		(47,887)
Net annuitization activity	$	(3,722)	$	(7,271)	$	(80,038)	$	(38,765)	$	(730,068)	$	(761,880)	$	(6,791)	$	(5,086)	$	(99,939)	$	(79,830)
Increase (Decrease) in net assets from contract owner transactions
	$	(746,057)	$	(3,499,687)	$	72,169,418	$	54,289,964	$	(213,569,471)	$	(260,750,182)	$	24,916,952	$	13,756,152	$	(78,000,377)	$	(53,547,074)
Increase (Decrease) in net assets	$	2,348,293	$	(170,219)	$	89,170,736	$	121,838,462	$	(181,509,605)	$	(147,931,086)	$	44,088,289	$	27,328,440	$	2,202,289	$	28,194,582
Net Assets:
Beginning of year	$	18,818,345	$	18,988,564	$	751,331,290	$	629,492,828	$	1,081,166,349	$	1,229,097,435	$	64,951,521	$	37,623,081	$	327,399,609	$	299,205,027
End of year	$	21,166,638	$	18,818,345	$	840,502,026	$	751,331,290	$	899,656,744	$	1,081,166,349	$	109,039,810	$	64,951,521	$	329,601,898	$	327,399,609
Unit Transactions:
Beginning of year		4,306,342		5,244,561		53,249,495		49,480,358		49,201,194		61,210,836		2,880,540		2,310,367		14,522,188		16,956,503
Purchased		24,005		125,184		10,277,018		11,289,045		447,176		484,665		854,510		525,263		142,204		181,600
Transferred between Sub-Accounts and Fixed Accumulation Account
		387,395		(265,303)		(291,912)		(2,116,586)		(401,229)		(1,026,332)		209,052		362,640		(249,547)		379,399
Withdrawn, Surrendered, and Annuitized		(637,100)		(798,100)		(5,339,211)		(5,403,322)		(9,535,823)		(11,467,975)		(330,931)		(317,730)		(2,991,395)		(2,995,314)
End of year		4,080,642		4,306,342		57,895,390		53,249,495		39,711,318		49,201,194		3,613,171		2,880,540		11,423,450		14,522,188

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	MV1				MVS				OBV				OCA				OGG
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007 (k)		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(439,988)	$	(458,139)	$	465,331	$	304,133	$	(12,122)	$	-	$	(788,051)	$	(601,495)	$	(281,790)	$	(249,841)
Net realized gains (losses)		17,693,498		12,410,216		48,116,827		28,870,620		3,673		-		3,114,782		1,241,850		2,934,926		1,702,598
Net unrealized gains (losses)		(9,036,739)		10,449,720		(28,902,871)		24,917,750		(38,108)		-		2,460,900		1,453,094		(1,265,972)		2,032,323
Increase (Decrease) in net assets from
operations	$	8,216,771	$	22,401,797	$	19,679,287	$	54,092,503	$	(46,557)	$	-	$	4,787,631	$	2,093,449	$	1,387,164	$	3,485,080
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	11,797,057	$	10,039,415	$	3,617,975	$	2,450,975	$	1,632,668	$	-	$	4,173,302	$	4,994,538	$	11,501,103	$	12,334,808
Net transfers between Sub-Accounts and
Fixed Account		(1,343,640)		(3,225,271)		(13,712,865)		3,195,329		475,878		-		(2,037,223)		1,545,935		2,130,956		4,135,316
Withdrawals, surrenders, annuitizations and contract charges
		(19,149,693)		(15,420,977)		(65,111,435)		(57,143,884)		(13,702)		-		(5,440,291)		(2,735,297)		(2,813,721)		(1,958,017)
Net accumulation activity	$	(8,696,276)	$	(8,606,833)	$	(75,206,325)	$	(51,497,580)	$	2,094,844	$	-	$	(3,304,212)	$	3,805,176	$	10,818,338	$	14,512,107
Annuitization Activity:
Annuitizations	$	-	$	-	$	62,269	$	24,107	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(6,370)		(5,446)		(132,254)		(110,401)		-		-		(2,319)		(2,134)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(645)		(860)		(12,380)		(33,540)		-		-		(354)		(285)		-		-
Net annuitization activity	$	(7,015)	$	(6,306)	$	(82,365)	$	(119,834)	$	-	$	-	$	(2,673)	$	(2,419)	$	-	$	-
Increase (Decrease) in net assets from contract owner transactions
	$	(8,703,291)	$	(8,613,139)	$	(75,288,690)	$	(51,617,414)	$	2,094,844	$	-	$	(3,306,885)	$	3,802,757	$	10,818,338	$	14,512,107
Increase (Decrease) in net assets	$	(486,520)	$	13,788,658	$	(55,609,403)	$	2,475,089	$	2,048,287	$	-	$	1,480,746	$	5,896,206	$	12,205,502	$	17,997,187
Net Assets:
Beginning of year	$	138,689,478	$	124,900,820	$	314,343,755	$	311,868,666	$	-	$	-	$	39,813,448	$	33,917,242	$	31,585,162	$	13,587,975
End of year	$	138,202,958	$	138,689,478	$	258,734,352	$	314,343,755	$	2,048,287	$	-	$	41,294,194	$	39,813,448	$	43,790,664	$	31,585,162
Unit Transactions:
Beginning of year		8,782,638		9,478,274		17,360,967		20,463,991		-		-		2,590,414		2,328,976		1,996,825		991,457
Purchased		650,402		644,227		184,242		147,279		157,474		-		255,045		338,885		705,259		859,887
Transferred between Sub-Accounts and Fixed Accumulation Account
		(101,345)		(223,330)		(724,215)		131,707		45,735		-		(111,311)		107,512		132,682		283,600
Withdrawn, Surrendered, and Annuitized		(1,165,606)		(1,116,533)		(3,383,256)		(3,382,010)		(3,924)		-		(328,593)		(184,959)		(180,951)		(138,119)
End of year		8,166,089		8,782,638		13,437,738		17,360,967		199,285		-		2,405,555		2,590,414		2,653,815		1,996,825

(k) For the period March  5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	OMG				OMS				PMB				PLD				PRR
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(6,311,500)	$	(3,509,576)	$	(314,838)	$	(256,231)	$	440,296	$	288,485	$	19,556,922	$	8,427,849	$	1,270,296	$	822,252
Net realized gains (losses)		7,564,726		2,280,562		1,985,388		979,682		322,862		192,144		(385,400)		(284,979)		(512,076)		907,137
Net unrealized gains (losses)		7,610,545		47,044,527		(2,190,032)		938,903		(346,945)		132,658		19,824,045		(274,547)		3,320,222		(2,111,776)
Increase (Decrease) in net assets from
operations	$	8,863,771	$	45,815,513	$	(519,482)	$	1,662,354	$	416,213	$	613,287	$	38,995,567	$	7,868,323	$	4,078,442	$	(382,387)
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	195,700,625	$	164,759,230	$	1,535,764	$	5,955,070	$	2,713,672	$	1,652,427	$	329,612,646	$	159,348,959	$	15,629,142	$	9,218,232
Net transfers between Sub-Accounts and
Fixed Account		53,452,547		47,420,723		(975,003)		1,418,873		299,024		3,198,658		70,401,093		83,999,042		914,464		(542,029)
Withdrawals, surrenders, annuitizations and
contract charges		(36,293,367)		(20,128,381)		(1,718,008)		(1,052,171)		(1,041,024)		(608,351)		(37,920,745)		(22,007,150)		(4,818,938)		(3,329,044)
Net accumulation activity	$	212,859,805	$	192,051,572	$	(1,157,247)	$	6,321,772	$	1,971,672	$	4,242,734	$	362,092,994	$	221,340,851	$	11,724,668	$	5,347,159
Annuitization Activity:
Annuitizations	$	107,519	$	-	$	-	$	-	$	-	$	-	$	9,594	$	-	$	-	$	-
Annuity payments and contract charges		(25,286)		(11,971)		-		-		-		-		(28,779)		(25,310)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(4,154)		(1,233)		-		-		-		-		(3,040)		(2,779)		-		-
Net annuitization activity	$	78,079	$	(13,204)	$	-	$	-	$	-	$	-	$	(22,225)	$	(28,089)	$	-	$	-
Increase (Decrease) in net assets from contract
owner transactions	$	212,937,884	$	192,038,368	$	(1,157,247)	$	6,321,772	$	1,971,672	$	4,242,734	$	362,070,769	$	221,312,762	$	11,724,668	$	5,347,159
Increase (Decrease) in net assets	$	221,801,655	$	237,853,881	$	(1,676,729)	$	7,984,126	$	2,387,885	$	4,856,021	$	401,066,336	$	229,181,085	$	15,803,110	$	4,964,772
Net Assets:
Beginning of year	$	484,702,859	$	246,848,978	$	18,678,581	$	10,694,455	$	9,997,829	$	5,141,808	$	463,694,126	$	234,513,041	$	37,613,046	$	32,648,274
End of year	$	706,504,514	$	484,702,859	$	17,001,852	$	18,678,581	$	12,385,714	$	9,997,829	$	864,760,462	$	463,694,126	$	53,416,156	$	37,613,046
Unit Transactions:
Beginning of year		31,198,650		17,938,766		925,673		595,796		534,239		290,180		45,681,184		23,604,352		3,162,459		2,712,386
Purchased		12,108,664		11,442,718		73,617		313,174		139,768		92,353		31,961,455		16,020,017		1,282,395		774,935
Transferred between Sub-Accounts and Fixed
Accumulation Account		3,379,878		3,288,425		(45,777)		71,942		15,629		186,480		6,879,714		8,367,707		80,424		(44,601)
Withdrawn, Surrendered, and Annuitized		(2,319,713)		(1,471,259)		(83,111)		(55,239)		(54,630)		(34,774)		(3,830,284)		(2,310,892)		(399,750)		(280,261)
End of year		44,367,479		31,198,650		870,402		925,673		635,006		534,239		80,692,069		45,681,184		4,125,528		3,162,459

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	PTR				PRA				PCR				SSA				SVV
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007 (k)		2006
Operations:
Net investment income (loss)	$	4,325,210	$	1,583,070	$	196,099	$	67,626	$	258,938	$	121,321	$	(76,055)	$	(7,360)	$	(122,133)	$	-
Net realized gains (losses)		(199,728)		147,028		(451)		2,011		95,790		1,639		562,012		(20,216)		40,195		-
Net unrealized gains (losses)		8,656,848		(454,586)		(13,416)		(9,319)		1,431,193		(260,653)		(1,115,575)		590,630		(394,812)		-
Increase (Decrease) in net assets from
operations	$	12,782,330	$	1,275,512	$	182,232	$	60,318	$	1,785,921	$	(137,693)	$	(629,618)	$	563,054	$	(476,750)	$	-
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	143,374,022	$	14,542,415	$	771,345	$	646,211	$	4,107,848	$	2,908,815	$	2,870,994	$	2,123,277	$	20,367,569	$	-
Net transfers between Sub-Accounts and
Fixed Account		28,774,745		3,880,196		935,005		1,191,639		1,146,404		1,765,354		654,129		1,013,367		7,065,978		-
Withdrawals, surrenders, annuitizations and
contract charges		(11,358,436)		(6,786,480)		(107,611)		(68,207)		(281,879)		(188,855)		(461,493)		(138,574)		(117,186)		-
Net accumulation activity	$	160,790,331	$	11,636,131	$	1,598,739	$	1,769,643	$	4,972,373	$	4,485,314	$	3,063,630	$	2,998,070	$	27,316,361	$	-
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(4,765)		(4,739)		-		-		-		-		-		-		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(1,102)		(977)		-		-		-		-		-		-		-		-
Net annuitization activity	$	(5,867)	$	(5,716)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract
owner transactions	$	160,784,464	$	11,630,415	$	1,598,739	$	1,769,643	$	4,972,373	$	4,485,314	$	3,063,630	$	2,998,070	$	27,316,361	$	-
Increase (Decrease) in net assets	$	173,566,794	$	12,905,927	$	1,780,971	$	1,829,961	$	6,758,294	$	4,347,621	$	2,434,012	$	3,561,124	$	26,839,611	$	-
Net Assets:
Beginning of year	$	70,316,909	$	57,410,982	$	2,021,607	$	191,646	$	4,852,130	$	504,509	$	5,143,745	$	1,582,621	$	-	$	-
End of year	$	243,883,703	$	70,316,909	$	3,802,578	$	2,021,607	$	11,610,424	$	4,852,130	$	7,577,757	$	5,143,745	$	26,839,611	$	-
Unit Transactions:
Beginning of year		6,231,960		5,192,072		192,534		18,761		494,790		49,012		403,028		146,395		-		-
Purchased		12,421,198		1,310,352		71,121		63,448		393,965		287,349		224,850		182,759		1,904,899		-
Transferred between Sub-Accounts and Fixed
Accumulation Account		2,506,871		344,535		86,767		117,166		116,250		176,858		52,116		85,488		657,249		-
Withdrawn, Surrendered, and Annuitized		(1,045,348)		(614,999)		(9,946)		(6,841)		(27,120)		(18,429)		(36,429)		(11,614)		(22,100)		-
End of year		20,114,681		6,231,960		340,476		192,534		977,885		494,790		643,565		403,028		2,540,048		-

(k) For the period March   5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	LGF				IGB				VSC				SRE				SC3
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Period Ended		Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006 (h)		2007		2006		2007 (k)		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(29,278)	$	(3,024)	$	521,137	$	204,136	$	(669,606)	$	-	$	(639,552)	$	(274,592)	$	(97,124)	$	(56,409)
Net realized gains (losses)		30,268		2,073		(80,573)		23,468		7,056,106		-		18,746,425		7,699,237		4,369,969		3,029,457
Net unrealized gains (losses)		72,110		42,910		(138,664)		32,432		(13,207,741)		-		(41,858,450)		14,763,157		(6,667,961)		2,931,840
Increase (Decrease) in net assets from
operations	$	73,100	$	41,959	$	301,900	$	260,036	$	(6,821,241)	$	-	$	(23,751,577)	$	22,187,802	$	(2,395,116)	$	5,904,888
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	1,101,951	$	441,553	$	10,998,295	$	3,043,666	$	83,815,170	$	-	$	60,096,994	$	35,311,370	$	234,754	$	155,176
Net transfers between Sub-Accounts and
Fixed Account		375,495		316,296		4,767,273		3,025,471		23,184,836		-		31,866,115		(2,270,740)		330,836		(2,827,427)
Withdrawals, surrenders, annuitizations and
contract charges		(36,167)		(2,043)		(976,901)		(1,091,612)		(1,006,053)		-		(6,733,697)		(3,618,873)		(4,661,810)		(1,655,963)
Net accumulation activity	$	1,441,279	$	755,806	$	14,788,667	$	4,977,525	$	105,993,953	$	-	$	85,229,412	$	29,421,757	$	(4,096,220)	$	(4,328,214)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	32,839	$	-	$	-	$	-
Annuity payments and contract charges		-		-		-		-		-		-		(5,541)		(1,774)		(1,785)		(1,596)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		-		-		-		-		-		-		(930)		(156)		(54)		(349)
Net annuitization activity	$	-	$	-	$	-	$	-	$	-	$	-	$	26,368	$	(1,930)	$	(1,839)	$	(1,945)
Increase (Decrease) in net assets from contract
owner transactions	$	1,441,279	$	755,806	$	14,788,667	$	4,977,525	$	105,993,953	$	-	$	85,255,780	$	29,419,827	$	(4,098,059)	$	(4,330,159)
Increase (Decrease) in net assets	$	1,514,379	$	797,765	$	15,090,567	$	5,237,561	$	99,172,712	$	-	$	61,504,203	$	51,607,629	$	(6,493,175)	$	1,574,729
Net Assets:
Beginning of year	$	797,765	$	-	$	8,748,658	$	3,511,097	$	-	$	-	$	99,533,635	$	47,926,006	$	19,831,254	$	18,256,525
End of year	$	2,312,144	$	797,765	$	23,839,225	$	8,748,658	$	99,172,712	$	-	$	161,037,838	$	99,533,635	$	13,338,079	$	19,831,254
Unit Transactions:
Beginning of year		80,896		-		821,108		340,324		-		-		5,480,387		3,596,058		769,769		967,700
Purchased		108,815		46,906		1,031,152		294,660		8,006,001		-		3,434,567		2,251,172		8,697		6,908
Transferred between Sub-Accounts and Fixed
Accumulation Account		37,375		34,204		443,678		290,633		2,246,829		-		1,892,301		(126,137)		18,964		(129,213)
Withdrawn, Surrendered, and Annuitized		(3,661)		(214)		(98,967)		(104,509)		(141,258)		-		(402,853)		(240,706)		(189,003)		(75,626)
End of year		223,425		80,896		2,196,971		821,108		10,111,572		-		10,404,402		5,480,387		608,427		769,769

(h) For the period May 1, 2006 (commencement of operations) through December 31, 2006

(k) For the period March   5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	CMM				VLC				WTF				USC
	Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007 (k)		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	41,185	$	22,670	$	(73,479)	$	-	$	(24,185)	$	(9,740)	$	(850)	$	(304)
Net realized gains (losses)		-		-		(14,041)		-		70,788		30,106		1,818		392
Net unrealized gains (losses)		-		-		(612,290)		-		24,061		108,393		(429)		1,384
Increase (Decrease) in net assets from
operations	$	41,185	$	22,670	$	(699,810)	$	-	$	70,664	$	128,759	$	539	$	1,472
Contract Owner Transactions:
Accumulation Activity:
Purchase payments received	$	136,285	$	546,585	$	8,483,701	$	-	$	282,223	$	442,602	$	6,959	$	1,119
Net transfers between Sub-Accounts and
Fixed Account		344,595		196,907		3,388,985		-		261,882		59,142		24,733		20,785
Withdrawals, surrenders, annuitizations and
contract charges		(39,384)		(26,169)		(270,575)		-		(52,969)		(17,531)		(31)		-
Net accumulation activity	$	441,496	$	717,323	$	11,602,111	$	-	$	491,136	$	484,213	$	31,661	$	21,904
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		-		-		-		-		-		-		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		-		-		-		-		-		-		-		-
Net annuitization activity	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Increase (Decrease) in net assets from contract
owner transactions	$	441,496	$	717,323	$	11,602,111	$	-	$	491,136	$	484,213	$	31,661	$	21,904
Increase (Decrease) in net assets	$	482,681	$	739,993	$	10,902,301	$	-	$	561,800	$	612,972	$	32,200	$	23,376
Net Assets:
Beginning of year	$	1,230,135	$	490,142	$	-	$	-	$	1,031,416	$	418,444	$	31,111	$	7,735
End of year	$	1,712,816	$	1,230,135	$	10,902,301	$	-	$	1,593,216	$	1,031,416	$	63,311	$	31,111
Unit Transactions:
Beginning of year		119,244		48,728		-		-		76,127		36,338		2,650		699
Purchased		13,116		54,554		823,078		-		19,144		36,808		587		104
Transferred between Sub-Accounts and Fixed
Accumulation Account		32,847		19,313		324,642		-		17,578		4,925		1,995		1,847
Withdrawn, Surrendered, and Annuitized		(3,763)		(3,351)		(43,180)		-		(3,520)		(1,944)		(3)		-
End of year		161,444		119,244		1,104,540		-		109,329		76,127		5,229		2,650

(k) For the period March   5, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Regatta Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements

(1) Organization

Sun Life of Canada (U.S.) Variable Account F (the “Variable Account”), a separate account of Sun Life Assurance Company of Canada (U.S.) (the “Sponsor”), was established on July 13, 1989 as a funding vehicle for the variable portion of Regatta contracts, Regatta Gold contracts, Regatta Classic contracts, Regatta Platinum contracts, Regatta Extra contracts, Regatta Access contracts, Regatta Choice contracts, Regatta Flex 4 contracts, Regatta Flex II contracts, Regatta Choice II contracts, Sun Life Financial Masters Extra contracts, Sun Life Financial Masters Choice contracts, Sun Life Financial Masters Access contracts, Sun Life Financial Masters Flex contracts, Sun Life Financial Masters IV contracts, Sun Life Financial Masters VII contracts (collectively, the “Contracts”) and certain other fixed and variable annuity contracts issued by the Sponsor. The Variable Account is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 as a unit investment trust existing in accordance with the regulations of the Delaware Insurance Department.

The assets of the Variable Account are divided into Sub-Accounts. Each Sub-Account is invested in shares of a single corresponding investment portfolio of certain open-end mutual funds registered under the Investment Company Act of 1940, as amended. With respect to the Regatta contracts, Regatta Gold contracts, Regatta Classic contracts, Regatta Platinum contracts, Regatta Extra contracts, Regatta Access contracts, Regatta Choice contracts, Regatta Flex 4 contracts, Regatta Flex II contracts and the Regatta Choice II contracts, the funds include MFS/Sun Life Series Trust (the "Series Trust").  With respect to the Sun Life Financial Masters Extra contracts, Sun Life Financial Masters Choice contracts, Sun Life Financial Masters Access contracts, Sun Life Financial Masters Flex contracts, Sun Life Financial Masters IV contracts and the Sun Life Financial Masters VII contracts, the funds include Columbia Funds Variable Insurance Trust, Fidelity Variable Insurance Products Funds, Franklin Templeton Variable Insurance Products Trust, Lord Abbett Series Fund, Inc., The “Series Trust”, Oppenheimer Variable Account Funds, PIMCO Variable Insurance Trust, Sun Capital Advisers Trust, Van Kampen Life Insurance Trust and Wanger Advisors Trust (collectively with the Series Trust, the "Funds").

Under applicable insurance law, the assets and liabilities of the Variable Account are clearly identified and distinguished from the Sponsor’s other assets and liabilities. The portion of the Variable Account’s assets applicable to the variable annuity contracts is not chargeable with liabilities arising out of any other business the Sponsor may conduct.

(2) Significant Accounting Policies

General

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires the Sponsor’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities along with the disclosure of contingent assets as well as liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Investment Valuations

Investments in shares of the Funds are recorded at their net asset value. The Funds value their investment securities at market value. Transactions are recorded on a trade date basis. Realized gains and losses on sales of shares of the Funds are determined on the first in, first out basis. Dividend income and capital gain distributions received by the Sub-Accounts are reinvested in additional Fund shares and are recognized on the ex-dividend date.

Exchanges between Sub-Accounts requested by participants under the Contracts are recorded in the new Sub-Account upon receipt of the redemption proceeds.

Federal Income Tax Status

The operations of the Variable Account are part of the operations of the Sponsor and are not taxed separately. The Sponsor qualifies for the federal income tax treatment granted to life insurance companies under Subchapter L of the Internal Revenue Code. Under existing federal income tax law, investment income and capital gains earned by the Variable Account on contract owner reserves are not currently subject to tax by the contract owner.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(2) Significant Accounting Policies - continued

Recent Accounting Pronouncements

In June 2006, the Financial Accounting Standards Board (FASB) issued Interpretation No. 48, “Accounting for Uncertainty in Income Taxes –an interpretation of FASB Statement No. 109” (“FIN48”).  FIN 48 clarifies the accounting for uncertainty in income taxes recognized in accordance with FASB Statement No. 109, Accounting for Income Taxes”.  This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.  It also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.  FIN 48 is effective during the first required financial reporting period for fiscal years beginning after December 15, 2006.  The Sub-Accounts adopted FIN 48 on January 1, 2007.  The Sub-Accounts are not responsible for the payment or recording of income taxes and therefore the adoption of FIN 48 did not have an impact on the financial statements.

In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No. 157”), which defines fair value, establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements, but does not change existing guidance as to whether or not an instrument is carried at fair value.

SFAS No. 157 clarifies that fair value is an exit price, representing the amount that would be exchanged to sell an asset or transfer a liability in an orderly transaction between market participants.  The statement establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (“Level 1, 2 and 3”).  Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date.  Level 2 inputs are observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities.  Level 3 inputs are unobservable inputs reflecting the reporting entity’s estimates of the assumptions that market participants would use in pricing the asset or liability.  SFAS No. 157 requires that a fair value measurement technique include an adjustment for risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model, if market participants would also include such an adjustment.  Quantitative and qualitative disclosures will focus on the inputs used to measure fair value for both recurring and non-recurring fair value measurements and the effects of the measurements in the financial statements.

The provisions of SFAS No. 157 are effective for fiscal years beginning after November 15, 2007, and are to be applied prospectively, except for changes in fair value measurements that result from the initial application of SFAS No. 157, which are to be recorded as an adjustment to opening retained earnings in the year of adoption.  Sponsor of the Sub-Accounts will adopt SFAS No. 157 effective January 1, 2008 and will apply the provisions of the statement prospectively to assets and liabilities measured and disclosed at fair value.  The adoption of SFAS No. 157 is not expected to have a material impact on the Sub-Account's financial position or results of operations.

(3) Contract Charges and Related Party Transactions

Charges for mortality and expense risks, optional death benefit riders, the Lifetime Income Bonus Benefit (available on Sun Life Financial Masters IV contracts and Sun Life Financial Masters VII contracts), and the Secured Returns Optional Living Benefit (available on Sun Life Financial Masters Choice contracts, Sun Life Financial Masters Extra contracts, and Sun Life Financial Masters Flex contracts) are based on the value of the Sub-Account and are deducted from the Variable Account at the end of each valuation period to cover the risks assumed by the Sponsor. The deductions are transferred periodically to the Sponsor. Currently, the deduction is at an effective annual rate as follows:

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions - continued

	Level 1	Level 2	Level 3	Level 4	Level 5	Level 6	Level 7	Level 8	Level 9
Regatta contracts	1.10%	-	-	-	-	-	-	-	-
Regatta Gold contracts	1.25%	-	-	-	-	-	-	-	-
Regatta Classic contracts	1.00%	-	-	-	-	-	-	-	-
Regatta Platinum contracts	1.25%	-	-	-	-	-	-	-	-
Regatta Extra contracts	1.30%	1.45%	1.55%	1.70%	-	-	-	-	-
Regatta Choice contracts	0.85%	1.00%	1.10%	1.15%	1.25%	1.40%	-	-	-
Regatta Access contracts	1.00%	1.15%	1.25%	1.40%	1.50%	1.65%	-	-	-
Regatta Flex 4 contracts	0.95%	1.10%	1.20%	1.35%	1.45%	1.60%	-	-	-
Regatta Flex II contracts	1.30%	1.50%	1.55%	1.70%	1.75%	1.90%	1.95%	2.15%	-
Regatta Choice II contracts	1.05%	1.25%	1.30%	1.45%	1.50%	1.65%	1.70%	1.90%	-
Sun Life Financial Masters Extra contracts	1.40%	1.60%	1.65%	1.80%	1.85%	2.00%	2.05%	2.25%	-
Sun Life Financial Masters Choice contracts	1.05%	1.25%	1.30%	1.45%	1.50%	1.65%	1.70%	1.90%	-
Sun Life Financial Masters Access contracts	1.35%	1.55%	1.60%	1.75%	1.80%	1.95%	-	-	-
Sun Life Financial Masters Flex contracts	1.30%	1.50%	1.55%	1.70%	1.75%	1.90%	1.95%	2.15%	-
Sun Life Financial Masters IV contracts	1.25%	1.30%	1.35%	1.40%	1.50%	1.55%	1.60%	1.65%	1.70%
Sun Life Financial Masters VII contracts	1.00%	1.10%	1.20%	1.25%	1.30%	1.35%	1.40%	1.50%	-

Each year on the account anniversary, an account administration fee (“Account Fee”) the lesser of $30 or 2% of the participant’s account value in the case of Regatta and Regatta Gold contracts, the lesser of $35 or 2% of the participant’s account value in the case of Regatta Platinum contracts, $35 in the case of Regatta Extra and Regatta Choice contracts, and $50 in the case of Regatta Classic, Regatta Access, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII contracts (after account year 5, the Account Fee, for Regatta Gold, Regatta Platinum, Regatta Extra and Regatta Choice contracts, may be changed annually, but it may not exceed the lesser of $50 or 2% of the participant’s account value) is deducted from the participant’s account to reimburse the Sponsor for certain administrative expenses. After the annuity commencement date, the Account Fee will be deducted pro rata from each variable annuity payment made during the year.

As reimbursement for administrative expenses attributable to Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII contracts, which exceed the revenues received from the Account Fees described above derived from such contracts, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to such contracts.

A specific quarterly charge, equal to 0.125% of account value, is deducted on the last day of the Account Quarter, ("Account Quarters" are defined as three-month periods, with the first Account Quarter beginning on the Issue Date.), if one of the following optional living benefit riders has been elected:  Secured Returns 2, Secured Returns for Life, or Secured Returns for Life Plus. These three optional living benefit riders are available on Sun Life Financial Masters Choice contracts, Sun Life Financial Masters Extra contracts, Sun Life Financial Masters Flex contracts, Sun Life Financial Masters IV contracts, Sun Life Financial Masters VII contracts. A specific quarterly charge, equal to 0.1625% for Single Life Coverage and 0.2125% for Joint Life Coverage, is deducted on the last day of the Account Quarter if the Income ON Demand optional living benefit rider has been elected or 0.0875% if Retirement Asset Protector optional living benefit rider has been elected. These two optional living benefit riders are available on Sun Life Financial Masters Choice contracts, Sun Life Financial Masters Extra contracts, Sun Life Financial Masters Flex contracts, Sun Life Financial Masters IV contracts, and Sun Life Financial Masters VII contracts.

Massachusetts Financial Services Company is the investment adviser to the Series Trust.  Sun Capital Advisers, Inc. is the investment adviser to Sun Capital Advisers Trust.  Both are affiliates of the Sponsor and charge management fees at an effective annual rate ranging from 0.60% to 1.56% and 1.00% to 1.35% of the Funds’ net assets, respectively.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions - continued

The Sponsor does not deduct a sales charge from purchase payments. However, in the case of Regatta Gold, Regatta Platinum and Regatta Flex 4, a surrender charge (contingent deferred sales charge) of up to 6% of certain amounts withdrawn, when applicable, may be deducted to cover certain expenses relating to the sale of the contracts and certificates.  In the case of Regatta Choice, a surrender charge of up to 7% and in the case of Regatta, Regatta Extra, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Flex, Sun Life Financial Masters IV, and Sun Life Financial Masters VII contracts, a surrender charge of up to 8% of certain amounts withdrawn, when applicable, may be deducted to cover certain expenses relating to the sale of the contracts and certificates. In the case of Regatta Classic contracts, a withdrawal charge of 1% is applied to purchase payments withdrawn which have been credited to a participant’s account for less than one year.

For assuming the risk that surrender charges may be insufficient to compensate it for the costs of distributing the contracts, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period for the first seven account years at an effective annual rate of 0.15% of the net assets attributable to Regatta, Regatta Gold, Regatta Platinum, Sun Life Financial Masters Extra and Sun Life Financial Masters Choice at an effective annual rate of 0.20% of the net assets attributable to Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV, and Sun Life Financial Masters VII contracts.

For the year ended December 31, 2007, the Sponsor received the following amounts related to the above mentioned contract and surrender charges. These charges are reflected in the “Withdrawals, surrenders, annuitizations, and contract charges” line of the Statement of Changes in Net Assets for each Sub-Account.

	Contract Charges	Surrender Charges
Arnhold and S. Bleichroeder Advisers, Inc.
First Eagle Overseas Variable Fund Sub-Account (SGI)	$                    472	$                  4,526
Columbia Funds Variable Insurance Trust
Columbia Small Cap Value Fund Sub-Account (CSC)	7	-
Columbia Marsico 21st Century Portfolio Sub-Account (NMT)	5	-
Columbia Marsico 21st Century Fund Class B Sub-Account (MCC)	299	4,092
Columbia Marsico Growth Fund Class B Sub-Account (CMG)	30	-
Columbia Marsico Growth Portfolio Sub-Account (NNG)	13	-
Columbia Marsico International Opportunities Portfolio Sub-Account (NMI)	144	419
Fidelity Variable Insurance Products Funds
VIP Balanced Svc 2 Sub-Account (FVB)	13	-
VIP Freedom 2010 Portfolio Sub-Account (F10)	796	3,598
VIP Freedom 2015 Portfolio Sub-Account (F15)	2,290	9,758
VIP Freedom 2020 Portfolio Sub-Account (F20)	3,809	48,402
VIP Mid Cap Svc 2 Sub-Account (FVM)	605	14,975
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund Sub-Account (FMS)	11,193	31,282
Templeton Developing Markets Securities Fund Sub-Account (TDM)	2,280	14,995
Templeton Growth Securities Fund Class 2 Sub-Account (FTG)	4,589	28,366
Templeton Foreign Securities Fund Sub-Account (FTI)	72,195	535,177
Franklin Income Securities Class 2 Sub-Account (ISC)	204	3,184
Franklin Small Cap Value Securities Fund Sub-Account (FVS)	8,901	49,934
Franklin Strategic Income Securities Class 2 Sub-Account (SIC)	79	2,484
Lord Abbett Series Fund, Inc.
All Value Portfolio Sub-Account (LAV)	3,647	27,283
Growth & Income Portfolio Sub-Account (LA1)	72,648	237,809
Growth Opportunities Portfolio Sub-Account (LA9)	49,584	125,065
Mid Cap Value Portfolio Sub-Account (LA2)	35,881	98,986
MFS/Sun Life Series Trust
Bond S Class Sub-Account (MF7)	17,644	139,565
Bond Series Sub-Account (BDS)	32,732	29,557
Capital Appreciation S Class Sub-Account (MFD)	7,710	56,251
Capital Appreciation Series Sub-Account (CAS)	225,626	118,069
Capital Opportunities S Class Sub-Account (CO1)	2,473	6,067
Capital Opportunities Series Sub-Account (COS)	35,356	39,757
Emerging Growth S Class Sub-Account (MFF)	6,464	10,566
Emerging Growth Series Sub-Account (EGS)	153,371	40,774

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions – continued

	Contract Charges	Surrender Charges
MFS/Sun Life Series Trust - continued
Emerging Markets Equity S Class Sub-Account (EM1)	$                   4,515	$                      27,392
Emerging Markets Equity Series Sub-Account (EME)	25,554	36,696
Global Governments S Class Sub-Account (GG1)	862	6,429
Global Governments Series Sub-Account (GGS)	15,735	10,696
Global Growth S Class Sub-Account (GG2)	2,157	13,050
Global Growth Series Sub-Account (GGR)	50,624	40,873
Global Total Return S Class Sub-Account (GT2)	3,929	22,570
Global Total Return Series Sub-Account (GTR)	46,617	37,588
Government Securities S Class Sub-Account (MFK)	80,186	467,609
Government Securities Series Sub-Account (GSS)	94,235	151,982
High Yield S Class Sub-Account (MFC)	53,004	188,701
High Yield Series Sub-Account (HYS)	67,254	78,985
International Growth S Class Sub-Account (IG1)	5,598	23,145
International Growth Series Sub-Account (IGS)	43,830	51,866
International Investors Trust S Class Sub-Account (MI1)	3,475	34,792
International Investors Trust Series Sub-Account (MII)	35,692	22,085
Massachusetts Investors Growth Stock S Class Sub-Account (M1B)	25,752	209,879
Massachusetts Investors Growth Stock Series Sub-Account (MIS)	138,160	157,526
Massachusetts Investors Trust S Class Sub-Account (MFL)	71,987	391,677
Massachusetts Investors Trust Series Sub-Account (MIT)	283,498	242,885
Mid Cap Growth S Class Sub-Account (MC1)	13,239	34,605
Mid Cap Growth Series Sub-Account (MCS)	18,693	12,505
Mid Cap Value S Class Sub-Account (MCV)	8,410	31,992
Money Market S Class Sub-Account (MM1)	54,740	605,027
Money Market Series Sub-Account (MMS)	101,421	168,827
New Discovery S Class Sub-Account (M1A)	64,388	183,920
New Discovery Series Sub-Account (NWD)	46,154	92,021
Research S Class Sub-Account (RE1)	7,227	41,489
Research Series Sub-Account (RES)	141,900	31,590
Research Growth and Income S Class Sub-Account (RG1)	5,035	60,286
Research Growth and Income Series Sub-Account (RGS)	65,190	54,101
Research International S Class Sub-Account (RI1)	43,652	223,651
Research International Series Sub-Account (RIS)	27,178	64,067
Strategic Growth S Class Sub-Account (SG1)	4,470	20,916
Strategic Growth Series Sub-Account (SGS)	5,792	7,592
Strategic Income S Class Sub-Account (SI1)	4,908	30,401
Strategic Income Series Sub-Account (SIS)	12,794	23,457
Strategic Value S Class Sub-Account (SVS)	2,164	11,709
Technology S Class Sub-Account (TE1)	1,207	5,067
Technology Series Sub-Account (TEC)	9,575	9,545
Total Return S Class Sub-Account (MFJ)	196,672	1,360,018
Total Return Series Sub-Account (TRS)	340,197	254,544
Utilities S Class Sub-Account (MFE)	13,986	82,450
Utilities Series Sub-Account (UTS)	98,880	142,009
Value S Class Sub-Account (MV1)	27,720	234,530
Value Series Sub-Account (MVS)	75,028	150,266
Oppenheimer Variable Account Funds
Balanced VA Fund Sub-Account (OBV)	-	-
Capital Appreciation Fund Sub-Account (OCA)	8,837	47,784
Global Securities Fund Sub-Account (OGG)	5,487	73,810
Main Street Fund Sub-Account (OMG)	66,230	722,927
Main Street Small Cap Fund Sub-Account (OMS)	5,323	11,688

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions – continued

	Contract Charges	Surrender Charges
PIMCO Variable Insurance Trust
Emerging Markets Bond Portfolio Sub-Account (PMB)	$                   2,430	$                      21,949
Low Duration Portfolio Sub-Account (PLD)	67,033	714,764
Real Return Porfolio Sub-Account (PRR)	9,630	50,993
Total Return Portfolio Sub-Account (PTR)	15,303	87,877
VIT All Asset Portfolio Sub-Account (PRA)	423	3,312
VIT Commodity Real Return Strategy Portfolio Sub-Account (PCR)	1,785	2,365
Sun Capital Advisers Trust
All Cap S Class Sub-Account (SSA)	1,206	8,170
Davis Venture Value S Class Sub-Account  (SVV)	96	777
FI Large Cap Growth Fund Sub-Account (LGF)	84	-
Investment Grade Bond S Class Sub-Account (IGB)	1,826	7,718
Oppenheimer Main Street Small Cap S Class Sub-Account (VSC)	419	9,874
Real Estate Fund S Class Sub-Account (SRE)	52,779	141,193
Real Estate Fund Sub-Account (SC3)	6,442	21,384
Sun Capital Money Market S Class Sub-Account (CMM)	298	1,441
Van Kampen Life Insurance Trust
LIT Comstock II Sub-Account (VLC)	51	545
Wanger Advisors Trust
Wanger Select  Sub-Account (WTF)	667	869
Wanger U.S. Smaller Companies Sub-Account (USC)	5	-

(4) Reserve for Variable Annuities

Reserve for variable annuities represents the actuarial present value of future contract benefits for those contract holders who are in the payout phase of their contract and chose the variable payout option. Annuity reserves are calculated using the 1983 Individual Annuitant Mortality Table and an assumed interest rate of at least 3% or 4%, for Regatta, Regatta Gold, Regatta Classic and Regatta Platinum as stated in each participant’s contract or certificate, as applicable if the contract’s annuity commencement date is before January 1, 2000. Annuity reserves are calculated using the 2000 Individual Annuitant Mortality Table at an assumed rate of at least 3% or 4%, for Regatta, Regatta Gold, Regatta Classic, and Regatta Platinum as stated in each participant’s contract or certificate, as applicable if the contract’s annuity commencement date is on or after January 1, 2000. Annuity reserves are calculated using the 2000 Annuitant Mortality Table at an assumed rate of 3% for Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Extra, and Sun Life Financial Masters Flex. Due to the demographics of Regatta Flex II, Regatta Choice II, Sun Life Financial Masters IV, and Sun Life Financial Masters VII, no reserves were required at December 31, 2007. Required adjustments to the reserves are accomplished by transfers to or from the Sponsor.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(5) Investment Purchases and Sales

The following table shows the aggregate cost of shares purchased and proceeds from the sales of investments of the Funds for each Sub-Account for the year ended December 31, 2007:

	Purchases		Sales
Arnhold and S. Bleichroeder Advisers, Inc.
First Eagle Overseas Variable Fund Sub-Account (SGI)	$	86,379,460		$     2,954,514
Columbia Funds Variable Insurance Trust
Columbia Small Cap Value Fund Sub-Account (CSC)		3,293		409
Columbia Marsico 21st Century Portfolio Sub-Account (NMT)		48,213		9,545
Columbia Marsico 21st Century Fund Class B Sub-Account (MCC)		77,392,150		2,786,151
Columbia Marsico Growth Fund Class B Sub-Account (CMG)		7,671,528		496,834
Columbia Marsico Growth Portfolio Sub-Account (NNG)		252		76,171
Columbia Marsico International Opportunities Portfolio Sub-Account (NMI)		8,789,568		463,139
Fidelity Variable Insurance Products Funds
VIP Balanced Svc 2 Sub-Account (FVB)		13,496,710		115,147
VIP Freedom 2010 Portfolio Sub-Account (F10)		5,915,146		2,017,598
VIP Freedom 2015 Portfolio Sub-Account (F15)		10,169,480		749,849
VIP Freedom 2020 Portfolio Sub-Account (F20)		23,829,831		2,945,489
VIP Mid Cap Svc 2 Sub-Account (FVM)		136,789,424		1,159,614
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund Sub-Account (FMS)		64,828,264		8,732,732
Templeton Developing Markets Securities Fund Sub-Account (TDM)		69,724,552		4,690,374
Templeton Growth Securities Fund Class 2 Sub-Account (FTG)		25,814,353		4,470,940
Templeton Foreign Securities Fund Sub-Account (FTI)		95,765,057		82,824,339
Franklin Income Securities Class 2 Sub-Account (ISC)		43,249,338		1,888,608
Franklin Small Cap Value Securities Fund Sub-Account (FVS)		18,441,543		8,536,204
Franklin Strategic Income Securities Class 2 Sub-Account (SIC)		6,348,652		618,885
Lord Abbett Series Fund, Inc.
All Value Portfolio Sub-Account (LAV)		13,734,627		4,084,286
Growth & Income Portfolio Sub-Account (LA1)		273,655,314		9,963,035
Growth Opportunities Portfolio Sub-Account (LA9)		19,044,668		12,533,105
Mid Cap Value Portfolio Sub-Account (LA2)		51,603,687		13,126,664
MFS/Sun Life Series Trust
Bond S Class Sub-Account (MF7)		20,677,184		17,901,645
Bond Series Sub-Account (BDS)		21,961,386		33,988,216
Capital Appreciation S Class Sub-Account (MFD)		1,636,580		7,405,938
Capital Appreciation Series Sub-Account (CAS)		7,691,679		116,786,551
Capital Opportunities S Class Sub-Account (CO1)		828,442		18,658,205
Capital Opportunities Series Sub-Account (COS)		2,221,872		186,576,525
Emerging Growth S Class Sub-Account (MFF)	$	2,922,363		4,758,296
Emerging Growth Series Sub-Account (EGS)		5,725,593		79,950,753
Emerging Markets Equity S Class Sub-Account (EM1)		10,071,429		7,708,572
Emerging Markets Equity Series Sub-Account (EME)		28,980,424		32,901,919
Global Governments S Class Sub-Account (GG1)		891,410		867,802
Global Governments Series Sub-Account (GGS)		5,855,572		10,466,175
Global Growth S Class Sub-Account (GG2)		869,848		1,822,900
Global Growth Series Sub-Account (GGR)		6,631,651		36,874,742
Global Total Return S Class Sub-Account (GT2)		5,695,739		3,630,704
Global Total Return Series Sub-Account (GTR)		25,279,714		36,995,532
Government Securities S Class Sub-Account (MFK)		54,208,100		50,555,011
Government Securities Series Sub-Account (GSS)		32,895,131		73,481,758

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(5) Investment Purchases and Sales - continued

	Purchases		Sales
MFS/Sun Life Series Trust – continued
High Yield S Class Sub-Account (MFC)		$           52,979,221		$       28,052,197
High Yield Series Sub-Account (HYS)		23,668,986		55,480,440
International Growth S Class Sub-Account (IG1)		12,198,492		6,508,227
International Growth Series Sub-Account (IGS)		32,039,417		37,328,486
International Investors Trust S Class Sub-Account (MI1)		206,410,748		4,790,872
International Investors Trust Series Sub-Account (MII)		28,741,200		36,476,133
Massachusetts Investors Growth Stock S Class Sub-Account (M1B)		43,247,871		23,865,927
Massachusetts Investors Growth Stock Series Sub-Account (MIS)		35,859,377		91,009,507
Massachusetts Investors Trust S Class Sub-Account (MFL)		42,612,395		42,463,526
Massachusetts Investors Trust Series Sub-Account (MIT)		14,439,709		192,716,115
Mid Cap Growth S Class Sub-Account (MC1)		1,838,162		8,838,318
Mid Cap Growth Series Sub-Account (MCS)		5,711,023		19,229,690
Mid Cap Value S Class Sub-Account (MCV)		4,363,201		6,361,909
Money Market S Class Sub-Account (MM1)		159,296,632		93,723,838
Money Market Series Sub-Account (MMS)		159,495,464		153,572,346
New Discovery S Class Sub-Account (M1A)		26,384,076		15,678,194
New Discovery Series Sub-Account (NWD)		9,462,041		37,084,182
Research S Class Sub-Account (RE1)		2,973,237		6,801,501
Research Series Sub-Account (RES)		5,623,578		78,974,525
Research Growth and Income S Class Sub-Account (RG1)		28,337,396		5,799,382
Research Growth and Income Series Sub-Account (RGS)		182,895,152		49,567,088
Research International S Class Sub-Account (RI1)		66,952,944		24,440,325
Research International Series Sub-Account (RIS)		21,740,757		35,194,945
Strategic Growth S Class Sub-Account (SG1)		1,489,911		42,517,029
Strategic Growth Series Sub-Account (SGS)		525,373		32,759,980
Strategic Income S Class Sub-Account (SI1)		2,816,862		5,193,570
Strategic Income Series Sub-Account (SIS)		10,230,232		13,816,257
Strategic Value S Class Sub-Account (SVS)		1,471,942		2,407,785
Technology S Class Sub-Account (TE1)		713,446		875,138
Technology Series Sub-Account (TEC)		4,996,405		6,024,858
Total Return S Class Sub-Account (MFJ)		205,150,057		93,667,572
Total Return Series Sub-Account (TRS)		86,595,528		243,329,802
Utilities S Class Sub-Account (MFE)		41,680,904		17,281,438
Utilities Series Sub-Account (UTS)		17,229,715		95,488,756
Value S Class Sub-Account (MV1)		28,296,176		29,305,558
Value Series Sub-Account (MVS)		34,028,086		91,382,314
Oppenheimer Variable Account Funds
Balanced VA Fund Sub-Account (OBV)		2,217,343		131,757
Capital Appreciation Fund Sub-Account (OCA)		8,013,244		12,107,826
Global Securities Fund Sub-Account (OGG)		17,674,671		5,436,889
Main Street Fund Sub-Account (OMG)		236,662,489		30,031,950
Main Street Small Cap Fund Sub-Account (OMS)		4,326,609		5,114,090
PIMCO Variable Insurance Trust
Emerging Markets Bond Portfolio Sub-Account (PMB)		5,177,785		2,523,079
Low Duration Portfolio Sub-Account (PLD)		414,736,949		33,106,218
Real Return Porfolio Sub-Account (PRR)		23,716,826		10,596,851
Total Return Portfolio Sub-Account (PTR)		174,935,814		9,825,038
VIT All Asset Portfolio Sub-Account (PRA)		2,246,204		451,366
VIT Commodity Real Return Strategy Portfolio Sub-Account (PCR)		7,411,821		2,180,510

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(5) Investment Purchases and Sales – continued

	Purchases		Sales
Sun Capital Advisers Trust
All Cap S Class Sub-Account (SSA)		$                4,752,586		$              1,278,989
Davis Venture Value S Class Sub-Account  (SVV)		28,234,238		1,040,010
FI Large Cap Growth Fund Sub-Account (LGF)		1,629,574		212,076
Investment Grade Bond S Class Sub-Account (IGB)		18,708,508		3,398,704
Oppenheimer Main Street Small Cap S Class Sub-Account (VSC)		112,827,105		397,836
Real Estate Fund S Class Sub-Account (SRE)		109,118,148		7,701,554
Real Estate Fund Sub-Account (SC3)		5,053,770		7,352,772
Sun Capital Money Market S Class Sub-Account (CMM)		578,468		95,787
Van Kampen Life Insurance Trust
LIT Comstock II Sub-Account (VLC)		12,565,825		1,036,449
Wanger Advisors Trust
Wanger Select  Sub-Account (WTF)		663,743		174,936
Wanger U.S. Smaller Companies Sub-Account (USC)		33,667		1,159

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights

The summary of units outstanding, unit values, net assets, investment income ratio, expense ratios, excluding expenses of the underlying funds and the total return, for the years ended December 31, is as follows:

		At December 31									For year ended December 31
											Investment
				Unit Value							Income	Expense Ratio						Total Return
		Units		lowest to highest					Net Assets		Ratio*	lowest to highest**						lowest to highest***
SGI
	December 31, 2007(k)		7,791,583	$	10.6128	to	$	10.6798	$	82,974,328	-    %		1.35	%	to	2.10	%		6.13	%	to	6.80	%
CSC
	December 31, 2007		1,509		11.9646	to		11.9984		18,101	0.26		1.55		to	1.65			(4.19)		to	(4.10)
	December 31, 2006		1,411		12.2863	to		12.5560		17,650	0.26		1.55		to	1.65			17.40		to	17.52
	December 31, 2005 (e)		583		10.6376	to		10.6460		6,200	-		1.55		to	1.65			6.38		to	6.46
NMT
	December 31, 2007		8,690		15.5826	to		15.7150		135,980	0.53		1.35		to	1.65			17.31		to	17.67
	December 31, 2006		6,233		13.0685	to		13.3555		83,087	0.12		1.35		to	1.65			17.77		to	18.13
	December 31, 2005 (e)		462		11.2788	to		11.2788		5,204	-		1.65		to	1.65					12.79
MCC
	December 31, 2007 (k)		6,356,718		12.0821	to		12.1839		77,182,125	0.25		1.30		to	2.30			20.82		to	21.84
CMG
	December 31, 2007 (k)		640,690		11.7433	to		11.8174		7,548,709	-		1.35		to	2.10			17.43		to	18.17
NNG
	December 31, 2007		14,570		13.1322	to		13.1694		191,573	-		1.35		to	1.85			15.29		to	15.88
	December 31, 2006		19,841		11.2465	to		11.4935		226,596	-		1.35		to	1.85			4.14		to	4.66
	December 31, 2005 (e)		4,598		10.9467	to		10.9467		50,336	-		1.75		to	1.75					9.47
NMI
	December 31, 2007		522,074		12.3894	to		17.1796		8,752,767	0.08		1.35		to	2.30			16.91		to	24.52
	December 31, 2006		11,385		14.2400	to		14.5526		165,345	0.19		1.35		to	1.65			21.19		to	21.56
	December 31, 2005 (e)		1,299		11.9430	to		11.9524		15,506	0.08		1.55		to	1.65			19.43		to	19.52
FVB
	December 31, 2007 (k)		1,234,324		10.6929	to		10.7604		13,240,999	3.47		1.35		to	2.10			6.93		to	7.60
F10
	December 31, 2007		585,651		11.6955	to		11.9301		6,929,208	3.24		1.35		to	2.25			5.97		to	6.95
	December 31, 2006		268,016		10.9973	to		11.1613		2,974,098	3.37		1.35		to	2.25			7.12		to	8.10
	December 31, 2005 (f)		23,605		10.3185	to		10.3185		243,563	0.87		1.35		to	1.35					3.18
F15
	December 31, 2007		1,457,747		11.9744	to		12.2416		17,658,270	3.26		1.30		to	2.30			6.55		to	7.65
	December 31, 2006		715,554		11.2046	to		11.3717		8,088,852	2.49		1.30		to	2.30			8.30		to	9.40
	December 31, 2005 (f)		25,858		10.3850	to		10.3937		268,544	1.11		1.35		to	1.85			3.85		to	3.94
F20
	December 31, 2007		2,944,857		12.2148	to		12.4873		36,444,849	2.52		1.30		to	2.30			7.42		to	8.53
	December 31, 2006		1,308,908		11.3368	to		11.5058		14,984,152	3.47		1.30		to	2.30			9.14		to	10.26
	December 31, 2005 (f)		10,353		10.4250	to		10.4346		107,943	0.83		1.35		to	1.90			4.25		to	4.35
FVM
	December 31, 2007 (k)		11,884,177		11.6141	to		11.7169		138,777,417	0.47		1.30		to	2.35			16.14		to	17.17
FMS
	December 31, 2007		6,318,116		14.1466	to		18.0981		111,152,728	1.37		1.30		to	2.35			1.03		to	2.13
	December 31, 2006		3,368,514		13.9177	to		17.7303		58,070,328	1.22		1.30		to	2.35			15.61		to	16.85
	December 31, 2005		1,886,907		12.0251	to		15.1818		27,978,414	0.87		1.30		to	2.30			8.02		to	9.12
	December 31, 2004		1,146,446		11.1069	to		13.9198		15,778,515	0.75		1.25		to	2.30			10.03		to	11.15
	December 31, 2003		489,937		12.2638	to		12.5282		6,110,725	0.78		1.35		to	2.30			22.27		to	23.46
TDM
	December 31, 2007		4,360,786		17.6061	to		18.0187		77,853,382	1.85		1.30		to	2.35			25.74		to	27.10
	December 31, 2006		511,631		13.9683	to		14.1765		7,216,012	1.18		1.30		to	2.30			25.15		to	26.43
	December 31, 2005 (f)		82,552		11.1943	to		11.2121		924,837	-		1.35		to	2.30			11.94		to	12.12
FTG
	December 31, 2007		2,128,221		14.6136	to		20.5944		41,968,435	1.30		1.30		to	2.35			(0.07)		to	1.01
	December 31, 2006		1,134,629		14.5363	to		20.3990		22,093,074	1.21		1.30		to	2.35			18.95		to	20.23
	December 31, 2005		518,022		12.2061	to		16.9753		8,461,348	0.99		1.30		to	2.30			6.37		to	7.45
	December 31, 2004 (d)		185,270		11.4492	to		15.8060		2,822,852	1.01		1.25		to	2.30			13.35		to	14.58
FTI
	December 31, 2007		23,555,118		16.8727	to		22.1685		502,292,060	1.98		1.30		to	2.55			12.50		to	13.95
	December 31, 2006		23,906,416		14.9290	to		19.5344		449,411,615	1.19		1.30		to	2.55			18.36		to	19.87
	December 31, 2005		15,021,292		12.5557	to		16.3623		236,905,307	1.11		1.30		to	2.55			7.37		to	8.74
	December 31, 2004		8,240,520		11.6449	to		15.1080		120,369,576	1.01		1.25		to	2.55			15.50		to	16.92
	December 31, 2003		1,734,535		12.3883	to		12.9673		21,780,367	0.81		1.35		to	2.55			26.43		to	30.43

(d)           For the period February 2, 2004 (commencement of operations) through December 31, 2004.

(e)           For the period April 25, 2005 (commencement of operations) through December 31, 2005.

(f)           For the period October 31, 2005 (commencement of operations) through December 31, 2005.

(k)           For the period March 5, 2007 (commencement of operations) through December 31, 2007.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31									For year ended December 31
											Investment
				Unit Value							Income	Expense Ratio						Total Return
		Units		lowest to highest					Net Assets		Ratio*	lowest to highest**						lowest to highest***
ISC
	December 31, 2007 (k)		3,983,472	$	10.1431	to	$	10.2071	$	40,544,176	1.80 %		1.35	%	to	2.10	%		1.43	%	to	2.07	%
FVS
	December 31, 2007		1,960,878		13.8819	to		19.8610		37,692,750	0.66		1.30		to	2.50			(4.83)		to	(3.66)
	December 31, 2006		1,597,154		14.4771	to		20.6252		32,015,946	0.63		1.30		to	2.50			14.06		to	15.46
	December 31, 2005		1,065,024		12.6580	to		17.8718		18,622,511	0.75		1.30		to	2.30			6.27		to	7.36
	December 31, 2004		784,791		11.8836	to		16.6555		12,898,583	0.18		1.25		to	2.30			18.84		to	22.07
	December 31, 2003		403,105		13.3363	to		13.6441		5,464,413	0.16		1.35		to	2.30			29.09		to	30.34
SIC
	December 31, 2007 (k)		556,077		10.3009	to		10.3659		5,745,387	2.79		1.35		to	2.10			3.01		to	3.66
LAV
	December 31, 2007		2,132,144		14.3086	to		14.9014		31,216,819	0.58		1.30		to	2.30			4.25		to	5.33
	December 31, 2006		1,530,051		13.6347	to		14.1549		21,338,547	0.81		1.35		to	2.30			12.01		to	13.10
	December 31, 2005		673,060		12.1780	to		12.5157		8,330,401	0.45		1.35		to	2.30			4.50		to	5.51
	December 31, 2004 (d)		344,432		11.6270	to		11.8619		4,063,023	0.73		1.25		to	2.30			13.04		to	16.27
LA1
	December 31, 2007		30,273,162		13.4519	to		18.5163		537,440,084	1.57		1.30		to	2.55			0.79		to	2.09
	December 31, 2006		17,651,095		13.2854	to		18.1473		306,867,936	1.54		1.30		to	2.55			14.29		to	15.75
	December 31, 2005		11,563,674		11.5708	to		15.6855		174,257,651	1.17		1.30		to	2.55			0.62		to	1.91
	December 31, 2004		8,986,821		11.4511	to		15.3996		133,211,678	1.31		1.25		to	2.55			9.77		to	14.82
	December 31, 2003		2,488,679		11.9130	to		13.8575		33,267,291	1.89		1.35		to	2.55			19.13		to	29.25
LA9
	December 31, 2007		5,069,578		14.0149	to		15.9436		73,578,930	-		1.30		to	2.55			18.17		to	19.70
	December 31, 2006		4,902,578		11.8596	to		13.3200		59,707,503	-		1.30		to	2.55			5.15		to	6.50
	December 31, 2005		2,675,259		11.2788	to		12.5076		30,716,359	-		1.30		to	2.55			1.96		to	3.27
	December 31, 2004 (d)		1,203,674		11.0616	to		12.1119		13,428,847	-		1.25		to	2.55			8.39		to	21.12
LA2
	December 31, 2007		5,809,005		13.6038	to		18.8622		105,217,891	0.47		1.30		to	2.55			(2.00)		to	(0.73)
	December 31, 2006		4,471,238		13.7695	to		19.0113		81,834,682	0.63		1.30		to	2.55			9.38		to	10.78
	December 31, 2005		2,743,587		12.5489	to		17.1707		45,585,122	0.51		1.30		to	2.55			5.47		to	6.82
	December 31, 2004		2,592,930		11.8315	to		16.0827		40,628,899	0.51		1.25		to	2.55			18.32		to	22.36
	December 31, 2003		437,574		12.4541	to		13.1433		5,685,572	1.01		1.35		to	2.30			20.80		to	23.07
MF7
	December 31, 2007		6,110,178		9.9948	to		13.2334		76,655,526	5.69		1.00		to	2.55			(0.05)		to	2.24
	December 31, 2006		6,133,332		10.5636	to		12.9429		75,695,316	5.91		1.00		to	2.55			2.20		to	3.82
	December 31, 2005		6,270,011		10.3358	to		12.4661		75,047,190	5.84		1.00		to	2.55			(0.99)		to	0.58
	December 31, 2004		6,078,648		10.4393	to		12.3943		72,842,791	5.91		1.00		to	2.55			3.20		to	4.85
	December 31, 2003		5,706,413		10.1153	to		11.8211		65,794,236	4.22		1.00		to	2.55			1.15		to	8.34
BDS
	December 31, 2007		6,896,916		14.1153	to		15.5456		103,879,319	6.26		1.15		to	1.85			1.60		to	2.35
	December 31, 2006		8,059,857		13.7634	to		15.1894		119,031,240	6.18		1.15		to	1.85			3.26		to	4.00
	December 31, 2005		9,925,405		13.3159	to		14.6046		141,413,865	6.16		1.15		to	1.85			(0.12)		to	0.60
	December 31, 2004		11,381,676		13.3189	to		14.5404		161,562,164	6.19		1.15		to	1.85			4.28		to	5.04
	December 31, 2003		14,515,463		12.4728	to		13.8771		196,808,905	5.07		1.15		to	1.85			7.69		to	8.62
MFD
	December 31, 2007		2,498,904		9.8452	to		16.7408		26,279,858	-		1.00		to	2.30			8.36		to	9.81
	December 31, 2006		3,012,379		9.0437	to		15.2763		29,113,014	-		1.00		to	2.30			3.62		to	5.00
	December 31, 2005		3,518,217		8.6877	to		14.5788		32,540,878	0.37		1.00		to	2.30			(1.67)		to	(0.37)
	December 31, 2004		3,522,979		8.7952	to		14.6624		32,971,898	-		1.00		to	2.10			8.23		to	9.67
	December 31, 2003		3,536,749		8.0892	to		13.3964		30,045,935	-		1.00		to	2.30			25.40		to	27.07
CAS
	December 31, 2007		26,120,429		6.1637	to		33.9807		385,511,764	0.20		1.00		to	1.85			9.07		to	10.02
	December 31, 2006		33,490,792		5.6481	to		28.3245		450,366,226	0.20		1.00		to	1.85			4.41		to	5.31
	December 31, 2005		41,628,520		5.4069	to		26.9998		548,698,901	0.64		1.00		to	1.85			(0.95)		to	(0.09)
	December 31, 2004		41,868,827		5.4557	to		27.1281		564,955,111	0.06		1.00		to	1.85			8.96		to	9.91
	December 31, 2003		47,654,629		5.0044	to		24.7780		612,259,795	-		1.00		to	1.85			26.33		to	27.42

(d)           For the period February 2, 2004 (commencement of operations) through December 31, 2004.

(k)           For the period March 5, 2007 (commencement of operations) through December 31, 2007.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31									For year ended December 31
											Investment
				Unit Value							Income	Expense Ratio						Total Return
		Units		lowest   to highest					Net Assets		Ratio*	lowest to highest**						lowest to highest***
CO1
	December 31, 2007 (j)		-	$	-		$	-	$	-	0.36 %		1.10	%	to	2.25	%		9.53	%	to	10.14	%
	December 31, 2006		1,377,231		9.9965	to		16.8521		16,161,723	0.25		1.10		to	2.25			11.46		to	12.77
	December 31, 2005		1,483,374		8.9324	to		14.9595		14,992,153	0.69		1.10		to	2.25			(0.96)		to	0.20
	December 31, 2004		1,675,705		8.9826	to		14.9448		16,686,864	0.29		1.10		to	2.25			9.93		to	16.04
	December 31, 2003		1,740,370		8.1338	to		13.4434		15,053,183	0.14		1.10		to	2.30			25.06		to	26.60
COS
	December 31, 2007 (j)		-		-			-		-	0.78		1.00		to	1.85			9.79		to	10.24
	December 31, 2006		16,499,273		6.5622	to		18.9934		168,139,747	0.52		1.00		to	1.85			12.21		to	13.18
	December 31, 2005		21,130,668		5.8304	to		16.8464		194,106,985	0.95		1.00		to	1.85			(0.24)		to	0.63
	December 31, 2004		26,220,995		5.8264	to		16.8061		245,462,968	0.49		1.00		to	1.85			10.70		to	11.67
	December 31, 2003		31,162,190		5.2469	to		15.1086		265,953,050	0.36		1.00		to	1.85			25.93		to	27.02
MFF
	December 31, 2007		1,464,903		11.9589	to		20.7435		20,689,801	-		1.00		to	2.30			18.20		to	19.78
	December 31, 2006		1,615,364		10.0706	to		17.3526		18,737,905	-		1.00		to	2.30			5.23		to	6.62
	December 31, 2005		1,747,003		9.5267	to		16.3077		18,519,452	-		1.00		to	2.30			6.40		to	7.81
	December 31, 2004		1,863,783		8.9127	to		15.1566		18,305,802	-		1.00		to	2.25			10.36		to	11.83
	December 31, 2003		1,705,653		8.0389	to		13.5806		14,517,814	-		1.15		to	2.25			28.12		to	29.83
EGS
	December 31, 2007		18,485,750		6.2491	to		26.5065		238,240,356	-		1.00		to	1.85			18.99		to	20.03
	December 31, 2006		24,616,070		5.2490	to		22.1693		263,364,457	-		1.00		to	1.85			6.03		to	6.94
	December 31, 2005		30,633,904		4.9480	to		20.8097		315,569,435	-		1.00		to	1.85			7.12		to	8.05
	December 31, 2004		37,868,174		4.6166	to		19.3335		375,214,309	-		1.00		to	1.85			11.14		to	12.11
	December 31, 2003		44,118,674		4.1517	to		17.3124		407,376,323	-		1.00		to	1.85			29.06		to	30.18
EM1
	December 31, 2007		808,424		18.7701	to		44.3000		22,821,441	1.85		1.15		to	2.50			31.88		to	33.72
	December 31, 2006		813,675		14.2242	to		33.1470		18,546,786	0.90		1.15		to	2.50			26.66		to	28.41
	December 31, 2005		441,657		11.2417	to		25.8270		10,352,754	0.51		1.15		to	2.25			12.42		to	34.88
	December 31, 2004		340,870		15.4356	to		19.1577		6,301,071	0.84		1.15		to	1.85			24.28		to	25.42
	December 31, 2003		336,533		12.4202	to		15.2823		4,983,507	0.39		1.15		to	2.05			49.01		to	50.38
EME
	December 31, 2007		2,587,959		32.5066	to		38.9119		91,911,417	2.02		1.00		to	1.85			33.14		to	34.29
	December 31, 2006		3,300,914		24.4161	to		29.5347		87,687,610	1.12		1.00		to	1.85			27.76		to	28.87
	December 31, 2005		3,923,235		19.1105	to		22.6447		81,260,933	0.68		1.00		to	1.85			34.24		to	35.40
	December 31, 2004		3,707,620		14.2359	to		16.7834		57,029,517	1.02		1.00		to	1.85			24.82		to	25.91
	December 31, 2003		3,765,936		11.4049	to		13.3776		46,170,963	0.59		1.00		to	1.85			49.78		to	51.08
GG1
	December 31, 2007		284,890		12.8359	to		15.0094		4,022,897	-		1.15		to	1.85			6.46		to	7.23
	December 31, 2006		283,792		10.4123	to		14.0408		3,762,442	-		1.15		to	1.85			2.77		to	3.50
	December 31, 2005		327,850		11.8827	to		13.6067		4,232,469	10.41		1.15		to	1.85			(9.20)		to	(8.56)
	December 31, 2004		340,389		13.0273	to		14.9250		4,820,154	12.26		1.15		to	1.85			7.76		to	8.53
	December 31, 2003		408,658		12.0336	to		13.7443		5,349,433	5.62		1.15		to	1.85			13.17		to	13.98
GGS
	December 31, 2007		1,951,821		14.3685	to		25.1849		33,658,588	-		1.00		to	1.85			6.68		to	7.61
	December 31, 2006		2,234,976		13.4688	to		19.1593		36,201,209	-		1.00		to	1.85			3.03		to	3.92
	December 31, 2005		2,809,654		13.0728	to		18.5077		43,876,264	10.70		1.00		to	1.85			(8.92)		to	(8.13)
	December 31, 2004		3,280,149		14.3527	to		20.2232		56,460,907	12.59		1.00		to	1.85			8.02		to	8.96
	December 31, 2003		3,854,620		12.3771	to		18.6329		61,738,804	5.37		1.00		to	1.85			13.46		to	14.44
GG2
	December 31, 2007		494,318		15.6997	to		21.9248		8,590,818	1.43		1.00		to	2.10			10.65		to	11.90
	December 31, 2006		548,900		14.1520	to		19.6328		8,624,775	0.33		1.00		to	2.10			14.55		to	15.84
	December 31, 2005		552,979		12.3227	to		16.9829		7,538,233	0.23		1.00		to	2.10			7.44		to	8.64
	December 31, 2004		614,351		11.4406	to		15.6639		7,740,130	0.31		1.00		to	2.10			12.75		to	14.25
	December 31, 2003		615,859		10.1003	to		13.7376		6,778,114	0.26		1.00		to	2.30			32.02		to	33.78
GGR
	December 31, 2007		5,626,403		10.9557	to		33.6111		124,791,013	1.69		1.00		to	1.85			11.17		to	12.13
	December 31, 2006		7,063,308		9.8502	to		30.0902		140,323,466	0.56		1.00		to	1.85			15.21		to	16.20
	December 31, 2005		8,221,692		8.5455	to		25.9940		145,928,483	0.47		1.00		to	1.85			8.00		to	8.94
	December 31, 2004		9,885,010		7.9081	to		23.9533		165,248,378	0.48		1.00		to	1.85			13.47		to	14.45
	December 31, 2003		11,683,281		6.9659	to		21.0097		175,751,261	0.49		1.15		to	1.85			32.94		to	34.09

(j)           Sub-Account closed on June 25, 2007.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31									For year ended December 31
											Investment
				Unit Value							Income	Expense Ratio						Total Return
		Units		lowest to highest					Net Assets		Ratio*	lowest to highest**						lowest to highest***
GT2
	December 31, 2007		1,161,693	$	16.4422	to	$	18.5035	$	19,774,396	1.99 %		1.15	%	to	2.05	%		6.39	%	to	7.37	%
	December 31, 2006		1,149,650		14.9739	to		17.2425		18,291,763	0.66		1.15		to	2.05			14.52		to	15.57
	December 31, 2005		1,195,804		13.4408	to		14.9273		16,498,684	3.81		1.00		to	2.05			1.42		to	2.51
	December 31, 2004		1,049,400		13.2252	to		14.5915		14,165,553	2.33		1.15		to	2.05			14.47		to	15.53
	December 31, 2003		965,835		11.5294	to		12.6366		11,304,042	2.14		1.15		to	2.05			20.02		to	21.13
GTR
	December 31, 2007		6,117,487		15.7818	to		30.2720		140,411,531	2.22		1.15		to	1.85			6.84		to	7.62
	December 31, 2006		7,258,332		14.7633	to		28.1974		156,233,915	0.92		1.15		to	1.85			15.11		to	15.95
	December 31, 2005		8,201,461		12.8186	to		24.3793		156,049,255	4.27		1.15		to	1.85			1.85		to	2.59
	December 31, 2004		8,363,603		12.5796	to		23.8232		160,297,490	2.50		1.15		to	1.85			14.94		to	15.78
	December 31, 2003		8,836,494		10.9384	to		20.6270		151,229,262	2.10		1.15		to	1.85			20.70		to	21.58
MFK
	December 31, 2007		24,954,225		10.3645	to		12.4309		281,758,050	4.76		1.00		to	2.55			4.17		to	5.83
	December 31, 2006		25,308,705		9.9499	to		11.7457		272,332,913	4.56		1.00		to	2.55			0.84		to	2.44
	December 31, 2005		19,255,861		9.8669	to		11.4658		205,291,955	4.32		1.00		to	2.55			(0.59)		to	0.99
	December 31, 2004		15,785,190		9.9252	to		11.3535		169,069,438	5.19		1.00		to	2.55			0.86		to	2.51
	December 31, 2003		12,383,782		9.8364	to		11.0490		131,892,096	3.98		1.10		to	2.55			(1.64)		to	0.85
GSS
	December 31, 2007		15,336,252		13.0202	to		24.6917		247,658,015	5.01		1.00		to	1.85			5.19		to	6.10
	December 31, 2006		18,582,159		12.3657	to		19.7009		283,320,766	5.07		1.00		to	1.85			1.77		to	2.65
	December 31, 2005		22,849,712		12.1380	to		19.2660		344,042,581	4.75		1.00		to	1.85			0.42		to	1.28
	December 31, 2004		26,991,543		12.0756	to		19.0953		406,733,201	5.63		1.00		to	1.85			1.84		to	2.72
	December 31, 2003		35,262,145		11.8457	to		18.6615		521,823,973	4.70		1.00		to	1.85			0.26		to	1.13
MFC
	December 31, 2007		9,231,715		11.3703	to		14.9734		132,587,722	7.08		1.00		to	2.55			(1.04)		to	0.54
	December 31, 2006		8,020,269		11.4368	to		14.9231		114,743,896	8.08		1.00		to	2.55			7.25		to	8.95
	December 31, 2005		7,227,900		10.6154	to		13.7254		95,167,528	7.45		1.00		to	2.55			(0.66)		to	0.92
	December 31, 2004		7,034,638		10.6489	to		13.6280		92,066,666	6.45		1.00		to	2.55			6.49		to	8.27
	December 31, 2003		6,699,213		10.8910	to		12.6501		81,254,026	8.01		1.10		to	2.55			8.91		to	20.00
HYS
	December 31, 2007		8,811,448		12.8913	to		30.7416		145,304,823	7.61		1.00		to	1.85			0.03		to	0.90
	December 31, 2006		11,347,579		12.8873	to		25.1862		186,188,557	8.37		1.00		to	1.85			8.36		to	9.29
	December 31, 2005		14,094,783		11.8935	to		23.1337		214,798,743	8.45		1.00		to	1.85			0.31		to	1.17
	December 31, 2004		17,473,238		11.8536	to		22.9531		267,795,978	7.78		1.00		to	1.85			7.51		to	8.45
	December 31, 2003		21,115,563		11.0197	to		21.2473		302,952,628	8.99		1.00		to	1.85			19.20		to	20.23
IG1
	December 31, 2007		1,455,023		11.7343	to		26.4253		26,435,969	1.10		1.00		to	2.30			13.87		to	18.28
	December 31, 2006		1,126,228		17.9775	to		23.0061		20,902,161	0.45		1.00		to	2.05			23.18		to	24.50
	December 31, 2005		1,221,898		14.5644	to		18.5160		18,247,713	0.70		1.00		to	2.05			12.28		to	13.48
	December 31, 2004		1,328,474		12.9450	to		16.3494		17,567,913	0.38		1.00		to	2.05			16.14		to	17.39
	December 31, 2003		1,333,889		11.1229	to		13.9554		15,049,223	0.54		1.15		to	2.05			35.52		to	36.97
IGS
	December 31, 2007		6,494,572		16.5529	to		22.7974		124,612,558	1.41		1.00		to	1.85			14.42		to	15.41
	December 31, 2006		7,850,731		14.4597	to		19.7805		131,169,208	0.68		1.00		to	1.85			23.72		to	24.78
	December 31, 2005		8,840,529		11.6819	to		15.8737		119,334,575	0.93		1.00		to	1.85			12.79		to	13.76
	December 31, 2004		9,969,224		10.3519	to		13.9724		119,165,042	0.56		1.00		to	1.85			16.73		to	17.75
	December 31, 2003		10,442,087		8.8633	to		11.8829		106,629,189	0.75		1.00		to	1.85			36.10		to	37.28
MI1
	December 31, 2007		18,793,055		10.8274	to		26.1320		211,701,396	0.76		1.15		to	2.35			4.83		to	9.23
	December 31, 2006		703,270		20.2099	to		24.7123		14,701,003	1.07		1.15		to	2.05			26.32		to	27.47
	December 31, 2005		661,889		15.9668	to		19.3959		10,873,687	0.88		1.15		to	1.85			12.81		to	13.62
	December 31, 2004		464,476		14.1533	to		17.0802		6,685,849	0.67		1.15		to	1.85			25.37		to	26.27
	December 31, 2003		399,293		11.2880	to		13.5336		4,572,074	0.68		1.15		to	1.85			30.74		to	31.67
MII
	December 31, 2007		4,858,869		18.4723	to		29.1921		113,714,035	1.65		1.00		to	1.85			5.35		to	6.27
	December 31, 2006		5,838,111		17.5246	to		27.5761		129,700,838	1.24		1.00		to	1.85			26.84		to	27.94
	December 31, 2005		5,984,457		13.8089	to		21.6372		105,062,829	1.11		1.00		to	1.85			13.09		to	14.07
	December 31, 2004		5,206,659		12.2041	to		19.0416		82,150,477	0.73		1.00		to	1.85			25.65		to	26.74
	December 31, 2003		4,579,850		9.7077	to		15.0821		58,724,401	1.02		1.15		to	1.85			31.16		to	32.29
M1B
	December 31, 2007		8,274,394		10.4829	to		16.1531		107,971,328	-		1.00		to	2.55			8.41		to	10.15
	December 31, 2006		6,763,495		9.6001	to		14.6951		78,640,745	-		1.00		to	2.55			4.68		to	6.34
	December 31, 2005		7,285,892		9.1054	to		13.8464		78,659,290	0.28		1.00		to	2.55			1.51		to	3.12
	December 31, 2004		7,277,585		8.9065	to		13.4550		75,706,711	-		1.00		to	2.55			6.56		to	8.26
	December 31, 2003		6,650,621		8.2983	to		12.4536		61,950,966	-		1.00		to	2.55			10.66		to	21.62

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
										Investment
				Unit Value						Income	Expense Ratio						Total Return
		Units		lowest to highest					Net Assets	Ratio*	lowest to highest**						lowest to highest***
MIS
	December 31, 2007	30,064,891	$	7.0025	to	$	12.6193	$	286,174,371	0.36 %		1.00	%	to	1.85	%		9.46	%	to	10.41	%
	December 31, 2006	35,387,641		6.3943	to		11.4456		309,578,994	0.10		1.00		to	1.85			5.68		to	6.59
	December 31, 2005	43,809,878		6.0476	to		10.7527		365,666,252	0.52		1.00		to	1.85			2.45		to	3.33
	December 31, 2004	52,900,145		5.9002	to		10.4204		431,900,622	0.07		1.00		to	1.85			7.58		to	8.51
	December 31, 2003	61,247,213		5.4818	to		9.6165		464,658,182	-		1.00		to	1.85			21.11		to	22.15
MFL
	December 31, 2007	19,982,665		11.9080	to		17.2918		310,717,943	1.00		1.00		to	2.55			2.98		to	4.63
	December 31, 2006	19,922,745		11.4804	to		16.5607		295,643,335	0.60		1.00		to	2.55			10.17		to	11.91
	December 31, 2005	14,452,676		10.3470	to		14.8278		185,054,959	0.84		1.00		to	2.55			4.69		to	6.35
	December 31, 2004	7,171,814		9.8134	to		13.9709		75,087,391	0.83		1.00		to	2.25			9.16		to	14.32
	December 31, 2003	7,446,726		8.9484	to		12.6554		69,845,786	0.92		1.00		to	2.30			19.64		to	21.23
MIT
	December 31, 2007	36,869,229		9.9446	to		35.4439		616,787,038	1.18		1.00		to	1.85			3.98		to	4.88
	December 31, 2006	47,922,260		9.5591	to		33.9245		759,598,902	0.82		1.00		to	1.85			11.21		to	12.17
	December 31, 2005	59,467,044		8.5910	to		30.3594		858,600,168	0.97		1.00		to	1.85			5.72		to	6.63
	December 31, 2004	71,195,865		8.1222	to		28.5811		993,646,065	1.03		1.00		to	1.85			9.91		to	10.86
	December 31, 2003	82,105,319		7.3861	to		25.8800		1,068,836,521	1.14		1.00		to	1.85			20.56		to	21.61
MC1
	December 31, 2007	2,822,330		8.2136	to		18.1607		31,670,209	-		1.00		to	2.55			6.78		to	8.49
	December 31, 2006	3,386,735		7.6371	to		16.7744		35,351,366	-		1.00		to	2.55			(0.40)		to	1.18
	December 31, 2005	3,978,465		7.6135	to		16.6129		40,389,836	-		1.00		to	2.55			0.16		to	1.75
	December 31, 2004	4,467,480		7.5470	to		16.3597		44,072,943	-		1.00		to	2.55			11.36		to	13.14
	December 31, 2003	4,289,811		6.7284	to		14.4891		36,228,952	-		1.00		to	2.55			21.51		to	35.96
MCS
	December 31, 2007	7,235,851		5.8323	to		6.3480		44,914,140	-		1.15		to	1.85			7.80		to	8.59
	December 31, 2006	9,323,613		5.4047	to		5.8972		53,469,128	-		1.15		to	1.85			0.45		to	1.18
	December 31, 2005	12,048,420		5.3749	to		5.7777		68,651,430	-		1.15		to	1.85			1.20		to	1.93
	December 31, 2004	14,935,080		5.3057	to		5.6681		83,825,087	-		1.15		to	1.85			12.50		to	13.32
	December 31, 2003	15,334,959		4.7114	to		5.0019		76,141,789	-		1.15		to	1.85			35.33		to	36.31
MCV
	December 31, 2007	1,314,251		13.7171	to		19.0418		21,843,631	-		1.15		to	2.55			(1.00)		to	0.43
	December 31, 2006	1,467,221		13.7842	to		18.9695		24,368,309	-		1.15		to	2.55			8.19		to	9.74
	December 31, 2005	1,682,084		12.6762	to		17.2950		25,549,351	-		1.15		to	2.55			4.67		to	6.17
	December 31, 2004	1,649,863		12.0488	to		16.2981		23,975,740	-		1.15		to	2.55			18.64		to	20.35
	December 31, 2003	1,271,769		10.1039	to		13.5495		15,678,656	0.03		1.15		to	2.55			22.81		to	30.39
MM1
	December 31, 2007	21,267,373		9.9894	to		10.7777		219,489,293	4.47		1.00		to	2.55			1.91		to	3.54
	December 31, 2006	15,330,003		9.7773	to		10.4095		153,918,543	4.28		1.00		to	2.55			1.68		to	3.29
	December 31, 2005	11,958,338		9.5912	to		10.1022		117,199,576	2.49		1.00		to	2.55			(0.14)		to	1.44
	December 31, 2004	8,633,307		9.5804	to		9.9889		84,038,433	0.64		1.00		to	2.55			(2.00)		to	(0.11)
	December 31, 2003	4,896,722		9.7496	to		9.9778		48,317,367	0.38		1.00		to	2.55			(1.93)		to	(0.63)
MMS
	December 31, 2007	14,742,422		10.7767	to		16.0468		188,524,112	4.78		1.00		to	1.85			2.90		to	3.80
	December 31, 2006	14,751,948		10.3731	to		13.9040		182,628,575	4.56		1.00		to	1.85			2.66		to	3.55
	December 31, 2005	15,938,732		10.1733	to		13.4788		191,927,367	2.67		1.00		to	1.85			0.82		to	1.70
	December 31, 2004	19,134,186		10.0645	to		13.3052		228,260,816	0.80		1.00		to	1.85			(1.04)		to	(0.19)
	December 31, 2003	27,710,277		10.1449	to		13.3815		333,687,915	0.64		1.00		to	1.85			(1.23)		to	(0.38)
M1A
	December 31, 2007	9,051,054		10.5672	to		17.0170		138,196,204	-		1.00		to	2.55			(0.35)		to	1.25
	December 31, 2006	8,544,360		10.5494	to		16.8413		128,060,378	-		1.00		to	2.55			10.02		to	11.77
	December 31, 2005	6,422,025		9.5394	to		15.0983		82,239,579	-		1.00		to	2.55			2.29		to	3.91
	December 31, 2004	4,707,914		9.2786	to		14.5596		54,151,676	-		1.00		to	2.55			4.47		to	26.21
	December 31, 2003	3,069,941		8.8358	to		13.7450		28,856,139	-		1.00		to	2.30			22.94		to	33.66
NWD
	December 31, 2007	8,362,104		8.6186	to		17.1469		99,019,794	-		1.00		to	1.85			0.65		to	1.53
	December 31, 2006	10,624,368		8.5367	to		16.9125		125,408,472	-		1.00		to	1.85			11.08		to	12.04
	December 31, 2005	12,797,342		7.6617	to		15.1157		137,501,927	-		1.00		to	1.85			3.27		to	4.16
	December 31, 2004	15,598,558		7.3969	to		14.5325		164,314,000	-		1.00		to	1.85			5.49		to	6.41
	December 31, 2003	17,567,342		6.9904	to		13.6762		176,434,664	-		1.00		to	1.85			32.79		to	33.94
RE1
	December 31, 2007	1,853,837		12.4596	to		19.0382		28,036,878	0.61		1.10		to	2.30			10.36		to	11.72
	December 31, 2006	2,112,711		11.2383	to		17.0586		28,453,629	0.42		1.10		to	2.30			7.79		to	9.11
	December 31, 2005	2,260,668		10.3786	to		15.6503		27,431,958	0.37		1.10		to	2.25			5.29		to	6.53
	December 31, 2004	2,212,955		9.8168	to		14.7062		24,899,828	0.76		1.10		to	2.10			13.05		to	17.40
	December 31, 2003	1,658,552		8.6571	to		12.8834		15,941,604	0.54		1.10		to	2.15			15.22		to	23.64

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
										Investment
				Unit Value						Income	Expense Ratio						Total Return
		Units		lowest to highest					Net Assets	Ratio*	lowest to highest**						lowest to highest***
RES
	December 31, 2007	14,094,806	$	8.6654	to	$	28.7651	$	257,818,176	0.84 %		1.15	%	to	1.85	%		11.13	%	to	11.94	%
	December 31, 2006	18,185,522		7.7933	to		25.7598		297,727,331	0.66		1.15		to	1.85			8.52		to	9.30
	December 31, 2005	23,187,138		7.1781	to		23.6255		352,950,696	0.58		1.15		to	1.85			6.02		to	6.78
	December 31, 2004	28,414,936		6.7673	to		22.1793		416,020,180	0.93		1.15		to	1.85			13.68		to	14.51
	December 31, 2003	34,114,618		5.9499	to		19.4171		449,074,479	0.86		1.15		to	1.85			23.00		to	23.89
RG1
	December 31, 2007	2,707,973		10.8166	to		18.7295		34,458,186	0.16		1.00		to	2.25			6.17		to	8.99
	December 31, 2006	979,416		12.3578	to		17.4884		12,643,624	0.41		1.00		to	2.05			11.12		to	12.31
	December 31, 2005	870,283		11.1213	to		15.6035		9,951,870	0.44		1.10		to	2.05			4.21		to	5.22
	December 31, 2004	905,199		10.6715	to		14.8441		9,872,571	0.47		1.10		to	2.05			11.94		to	13.03
	December 31, 2003	919,450		9.5333	to		13.1465		8,883,437	0.59		1.10		to	2.05			24.88		to	26.09
RGS
	December 31, 2007	14,862,669		11.5494	to		17.6526		208,241,408	0.23		1.00		to	1.85			6.69		to	7.62
	December 31, 2006	6,003,584		10.8138	to		16.4253		77,970,401	0.60		1.00		to	1.85			11.64		to	12.60
	December 31, 2005	6,688,530		9.7530	to		14.6071		78,190,704	0.69		1.00		to	1.85			4.59		to	5.49
	December 31, 2004	7,171,116		9.2426	to		13.8656		80,437,148	0.67		1.00		to	1.85			12.50		to	13.48
	December 31, 2003	7,761,504		8.2069	to		12.2587		77,446,938	0.77		1.15		to	1.85			25.50		to	26.59
RI1
	December 31, 2007	7,944,489		18.5446	to		25.6706		191,456,875	0.92		1.00		to	2.55			9.92		to	11.67
	December 31, 2006	6,902,034		16.7358	to		23.0340		148,626,673	0.93		1.00		to	2.55			24.02		to	25.98
	December 31, 2005	5,123,155		13.4517	to		18.3201		87,231,876	0.59		1.15		to	2.55			13.24		to	14.86
	December 31, 2004	4,045,282		11.8126	to		15.9581		59,726,643	0.38		1.15		to	2.55			17.87		to	19.57
	December 31, 2003	2,221,110		10.6762	to		13.3535		27,027,191	0.26		1.15		to	2.55			25.72		to	31.87
RIS
	December 31, 2007	5,162,219		15.7747	to		28.1322		98,199,663	1.14		1.15		to	1.85			11.05		to	11.86
	December 31, 2006	6,522,015		14.1980	to		25.1497		111,472,872	1.14		1.15		to	1.85			25.12		to	26.03
	December 31, 2005	6,756,158		11.3347	to		19.9559		91,829,693	0.79		1.15		to	1.85			14.41		to	15.24
	December 31, 2004	7,228,881		9.8769	to		17.3169		85,264,194	0.48		1.15		to	1.85			18.95		to	19.82
	December 31, 2003	7,413,002		8.2779	to		14.4526		73,292,770	0.61		1.15		to	1.85			31.38		to	32.34
SG1
	December 31, 2007 (j)	-		-			-		-	-		1.15		to	2.55			6.26		to	6.98
	December 31, 2006	2,994,133		9.0166	to		15.4698		38,158,701	-		1.15		to	2.55			3.67		to	5.15
	December 31, 2005	3,249,303		8.6358	to		14.7193		39,158,679	0.12		1.15		to	2.55			(1.40)		to	0.01
	December 31, 2004	3,351,218		8.6962	to		14.7251		40,429,490	-		1.00		to	2.55			3.86		to	5.51
	December 31, 2003	2,600,189		8.3133	to		13.9839		29,290,904	-		1.00		to	2.55			13.46		to	25.78
SGS
	December 31, 2007 (j)	-		-			-		-	0.11		1.00		to	1.85			6.78		to	7.22
	December 31, 2006	4,617,313		5.8000	to		7.7263		30,067,773	-		1.00		to	1.85			4.61		to	5.52
	December 31, 2005	5,803,755		5.5414	to		7.3504		36,169,909	0.34		1.00		to	1.85			(0.47)		to	0.39
	December 31, 2004	7,207,008		5.5648	to		7.3502		45,009,582	-		1.00		to	1.85			4.84		to	5.75
	December 31, 2003	7,977,749		5.3050	to		6.9772		47,472,900	-		1.00		to	1.85			25.18		to	26.25
SI1
	December 31, 2007	1,425,992		12.5520	to		13.6707		18,942,966	5.10		1.15		to	2.30			0.85		to	2.04
	December 31, 2006	1,662,083		11.2160	to		13.5062		21,695,648	5.71		1.15		to	2.30			4.01		to	5.23
	December 31, 2005	1,805,113		11.9667	to		12.7313		22,487,758	6.66		1.15		to	2.30			(0.72)		to	0.44
	December 31, 2004	1,930,592		12.0538	to		12.6752		24,035,088	5.67		1.15		to	2.25			5.34		to	6.59
	December 31, 2003	1,775,616		11.4507	to		11.8921		20,856,822	4.05		1.15		to	2.25			9.89		to	11.18
SIS
	December 31, 2007	3,392,931		13.4684	to		14.6222		48,007,878	5.51		1.15		to	1.85			1.56		to	2.30
	December 31, 2006	3,797,869		13.2544	to		14.2929		52,671,180	6.07		1.15		to	1.85			4.74		to	5.50
	December 31, 2005	4,397,877		12.6479	to		13.5477		58,018,808	7.12		1.15		to	1.85			0.01		to	0.73
	December 31, 2004	4,922,159		12.6404	to		13.4491		64,706,617	4.80		1.15		to	1.85			6.04		to	6.81
	December 31, 2003	5,366,035		11.9144	to		12.5915		66,281,500	4.48		1.15		to	1.85			10.80		to	11.60
SVS
	December 31, 2007	511,648		11.5718	to		16.8871		7,210,023	1.52		1.15		to	2.35			(4.92)		to	(3.75)
	December 31, 2006	611,352		12.1335	to		17.5537		8,983,508	0.55		1.15		to	2.35			11.25		to	12.62
	December 31, 2005	796,494		10.8728	to		15.5949		10,531,335	0.75		1.15		to	2.30			(3.00)		to	(1.86)
	December 31, 2004	847,507		11.1803	to		15.8984		11,455,484	0.23		1.15		to	2.25			15.05		to	16.41
	December 31, 2003	696,940		9.6926	to		13.6640		8,170,754	0.09		1.15		to	2.30			24.10		to	25.56

(j)  Sub-Account closed on June 25, 2007.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
										Investment
				Unit Value						Income	Expense Ratio							Total Return
		Units		lowest to highest					Net Assets	Ratio*	lowest to highest**							lowest to highest***
TE1
	December 31, 2007	314,493	$	10.6793	to	$	23.5856	$	3,552,821	-   %		1.15	%	to	2.05	%	17.53		%	to	18.61	%
	December 31, 2006	332,775		9.0680	to		19.8947		3,147,970	-		1.15		to	1.85		19.35			to	20.20
	December 31, 2005	419,282		7.5980	to		16.5602		3,377,159	-		1.15		to	1.85		4.07			to	4.81
	December 31, 2004	482,254		7.3009	to		15.8084		3,633,413	-		1.15		to	1.85		(0.13)			to	0.79
	December 31, 2003	547,602		7.2956	to		15.6925		4,095,386	-		1.15		to	2.05		42.38			to	43.69
TEC
	December 31, 2007	4,080,642		4.8154	to		5.4664		21,166,638	-		1.15		to	1.85		17.99			to	18.83
	December 31, 2006	4,306,342		4.0772	to		4.6453		18,818,345	-		1.15		to	1.85		19.72			to	20.57
	December 31, 2005	5,244,561		3.4021	to		3.8152		18,988,564	-		1.15		to	1.85		4.23			to	4.99
	December 31, 2004	6,675,608		3.2606	to		3.6344		23,074,612	-		1.15		to	1.85		0.54			to	1.27
	December 31, 2003	8,298,127		3.2398	to		3.5893		28,352,273	-		1.00		to	2.50		42.71			to	43.74
MFJ
	December 31, 2007	57,895,390		12.2852	to		15.4222		840,502,026	2.67		1.00		to	2.55		1.41			to	3.03
	December 31, 2006	53,249,495		12.0173	to		14.9995		751,331,290	2.50		1.00		to	2.55		9.06			to	10.79
	December 31, 2005	49,480,358		10.9837	to		13.5657		629,492,828	2.32		1.00		to	2.55		0.20			to	1.79
	December 31, 2004	35,062,662		10.9007	to		13.3545		433,233,722	2.17		1.00		to	2.55		8.30			to	10.03
	December 31, 2003	21,048,945		10.2866	to		12.1619		231,480,462	2.74		1.00		to	2.50		9.69			to	15.66
TRS
	December 31, 2007	39,711,318		13.6838	to		42.0157		899,656,744	3.01		1.15		to	1.85		2.38			to	3.13
	December 31, 2006	49,201,194		13.3518	to		34.0206		1,081,166,349	2.82		1.15		to	1.85		10.15			to	10.95
	December 31, 2005	61,210,836		12.1091	to		30.7387		1,229,097,435	2.66		1.15		to	1.85		1.12			to	1.85
	December 31, 2004	70,122,337		11.9625	to		30.2533		1,417,695,061	2.52		1.00		to	1.85		9.40			to	10.35
	December 31, 2003	77,917,832		10.9232	to		27.5211		1,465,467,127	3.35		1.00		to	1.85		14.98			to	15.98
MFE
	December 31, 2007	3,613,171		21.1610	to		36.5673		109,039,810	1.09		1.00		to	2.35		25.25			to	26.99
	December 31, 2006	2,880,540		16.8080	to		28.8532		64,951,521	2.61		1.00		to	2.35		28.87			to	30.65
	December 31, 2005	2,310,367		12.9764	to		22.1297		37,623,081	0.76		1.00		to	2.30		14.35			to	15.81
	December 31, 2004	1,823,681		11.3020	to		19.1479		24,246,657	1.74		1.00		to	2.25		21.17			to	28.71
	December 31, 2003	1,653,827		8.8571	to		14.9068		15,912,021	2.77		1.00		to	2.30		32.90			to	34.67
UTS
	December 31, 2007	11,423,450		17.6690	to		55.8021		329,601,898	1.34		1.15		to	1.85		26.19			to	27.11
	December 31, 2006	14,522,188		13.9930	to		44.0096		327,399,609	2.98		1.15		to	1.85		29.84			to	30.78
	December 31, 2005	16,956,503		10.7441	to		33.7338		299,205,027	0.99		1.15		to	1.85		15.13			to	15.96
	December 31, 2004	18,353,815		9.3039	to		29.1618		285,330,031	1.95		1.15		to	1.85		27.96			to	28.89
	December 31, 2003	20,380,385		7.2490	to		22.6819		249,989,394	3.17		1.15		to	1.85		33.74			to	34.71
MV1
	December 31, 2007	8,166,089		14.7056	to		19.6462		138,202,958	1.35		1.00		to	2.55		4.91			to	6.59
	December 31, 2006	8,782,638		13.9154	to		18.4691		138,689,478	1.28		1.00		to	2.55		17.59			to	19.46
	December 31, 2005	9,478,274		11.7960	to		15.4922		124,900,820	1.19		1.00		to	2.55		3.64			to	5.28
	December 31, 2004	9,411,407		11.3265	to		14.7447		117,692,787	1.14		1.00		to	2.55		12.24			to	14.03
	December 31, 2003	7,717,616		10.0399	to		12.9572		83,091,042	1.35		1.00		to	2.55		18.88			to	23.84
MVS
	December 31, 2007	13,437,738		15.0910	to		21.5393		258,734,352	1.62		1.15		to	1.85		5.92			to	6.69
	December 31, 2006	17,360,967		14.2333	to		20.1884		314,343,755	1.54		1.15		to	1.85		18.73			to	19.59
	December 31, 2005	20,463,991		11.9762	to		16.8820		311,868,666	1.40		1.15		to	1.85		4.63			to	5.39
	December 31, 2004	22,855,509		11.4346	to		16.0188		332,260,043	1.30		1.00		to	1.85		13.38			to	14.36
	December 31, 2003	23,811,669		10.0749	to		14.0264		304,199,758	1.63		1.15		to	1.85		23.00			to	24.06
OBV
	December 31, 2007 (k)	199,285		10.2449	to		10.3095		2,048,287	0.09		1.35		to	2.10		2.45			to	3.10
OCA
	December 31, 2007	2,405,555		13.4033	to		18.1418		41,294,194	0.01		1.30		to	2.55		10.94			to	12.37
	December 31, 2006	2,590,414		11.9843	to		16.1528		39,813,448	0.18		1.30		to	2.55		4.94			to	6.29
	December 31, 2005	2,328,976		11.4153	to		15.2053		33,917,242	0.71		1.30		to	2.55		2.20			to	3.50
	December 31, 2004	2,178,624		12.2953	to		14.6981		30,806,058	0.22		1.25		to	2.55		3.89			to	5.17
	December 31, 2003	1,528,490		11.8349	to		13.9752		20,450,955	0.02		1.35		to	2.55		18.35			to	28.93
OGG
	December 31, 2007	2,653,815		16.1268	to		16.8504		43,790,664	1.05		1.30		to	2.30		3.63			to	4.69
	December 31, 2006	1,996,825		15.4407	to		16.0948		31,585,162	0.68		1.30		to	2.30		14.67			to	15.84
	December 31, 2005	991,457		13.5710	to		13.8938		13,587,975	0.67		1.30		to	2.30		11.44			to	12.58
	December 31, 2004 (d)	514,788		12.1774	to		12.3035		6,301,890	0.10		1.25		to	2.30		16.14			to	17.27

(d)  For the period February 2, 2004 (commencement of operations) through December 31, 2004.

(k)  For the period March 5, 2007 (commencement of operations) through December 31, 2007.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
										Investment
				Unit Value						Income	Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Ratio*	lowest to highest**					lowest to highest***
OMG
	December 31, 2007	44,367,479	$	13.1710	to	$	16.5411	$	706,504,514	0.74 %	1.30	%	to	2.55	%	1.48	%	to	2.79	%
	December 31, 2006	31,198,650		12.9188	to		16.1003		484,702,859	0.79	1.30		to	2.55		11.84		to	13.27
	December 31, 2005	17,938,766		11.4982	to		14.2212		246,848,978	0.91	1.30		to	2.55		3.05		to	4.37
	December 31, 2004	8,686,835		11.1107	to		13.6327		114,799,188	0.25	1.25		to	2.55		6.36		to	11.40
	December 31, 2003	509,155		11.8023	to		12.6618		6,365,427	0.19	1.35		to	2.30		16.55		to	24.73
OMS
	December 31, 2007	870,402		14.5452	to		20.1827		17,001,852	0.17	1.30		to	2.30		(3.67)		to	(2.68)
	December 31, 2006	925,673		14.9139	to		20.7493		18,678,581	0.02	1.30		to	2.30		12.03		to	13.17
	December 31, 2005	595,796		13.3787	to		18.3437		10,694,455	-	1.35		to	2.30		7.20		to	8.24
	December 31, 2004	489,698		15.2353	to		16.9475		8,170,089	-	1.25		to	2.30		16.43		to	17.57
	December 31, 2003	236,889		13.7917	to		14.4153		3,383,961	-	1.35		to	2.30		30.85		to	42.30
PMB
	December 31, 2007	635,006		13.1766	to		20.5534		12,385,714	5.76	1.30		to	2.25		3.43		to	4.44
	December 31, 2006	534,239		12.6765	to		19.6898		9,997,829	5.39	1.30		to	2.25		6.82		to	7.86
	December 31, 2005	290,180		11.8652	to		18.2643		5,141,808	5.13	1.35		to	2.25		8.30		to	9.29
	December 31, 2004 (d)	96,856		15.8431	to		16.7115		1,583,863	4.20	1.25		to	2.25		9.59		to	10.61
PLD
	December 31, 2007	80,692,069		10.3597	to		10.8883		864,760,462	4.75	1.30		to	2.55		4.62		to	5.97
	December 31, 2006	45,681,184		9.9020	to		10.2799		463,694,126	4.25	1.30		to	2.55		1.33		to	2.63
	December 31, 2005	23,604,352		9.7717	to		10.0216		234,513,041	2.90	1.30		to	2.55		(1.56)		to	(0.30)
	December 31, 2004 (d)	11,851,375		9.9261	to		10.0564		118,663,580	1.46	1.25		to	2.55		(0.75)		to	0.47
PRR
	December 31, 2007	4,125,528		11.0670	to		13.2982		53,416,156	4.64	1.30		to	2.35		8.05		to	9.22
	December 31, 2006	3,162,459		10.1108	to		12.1816		37,613,046	4.23	1.30		to	2.35		(1.65)		to	(0.59)
	December 31, 2005	2,712,386		10.2970	to		12.2602		32,648,274	2.84	1.30		to	2.30		(0.24)		to	0.77
	December 31, 2004	1,942,972		10.2697	to		12.1722		23,367,250	1.04	1.25		to	2.30		2.70		to	7.44
	December 31, 2003	997,936		11.1063	to		11.3288		11,220,537	1.66	1.35		to	2.30		6.35		to	7.38
PTR
	December 31, 2007	20,114,681		10.8948	to		12.3852		243,883,703	4.78	1.30		to	2.55		5.97		to	7.34
	December 31, 2006	6,231,960		10.2806	to		11.5442		70,316,909	4.41	1.30		to	2.55		1.21		to	2.51
	December 31, 2005	5,192,072		10.1577	to		11.2677		57,410,982	3.44	1.30		to	2.55		(0.15)		to	1.12
	December 31, 2004	4,491,441		10.1448	to		11.1480		49,373,803	1.90	1.25		to	2.55		1.45		to	3.47
	December 31, 2003	3,385,657		9.9532	to		10.7740		36,064,300	2.54	1.35		to	2.55		(0.47)		to	3.63
PRA
	December 31, 2007	340,476		11.0947	to		11.2797		3,802,578	8.56	1.35		to	2.25		5.88		to	6.86
	December 31, 2006	192,534		10.4068	to		10.5620		2,021,607	6.50	1.35		to	2.25		2.31		to	3.25
	December 31, 2005 (f)	18,761		10.2116	to		10.2236		191,646	4.67	1.35		to	2.05		2.12		to	2.24
PCR
	December 31, 2007	977,885		11.7108	to		11.9855		11,610,424	4.99	1.30		to	2.35		20.33		to	21.63
	December 31, 2006	494,790		9.7092	to		9.8541		4,852,130	6.00	1.30		to	2.30		(5.32)		to	(4.36)
	December 31, 2005 (f)	49,012		10.2856	to		10.3019		504,509	2.08	1.35		to	2.30		2.86		to	3.02
SSA
	December 31, 2007	643,565		11.5044	to		12.6500		7,577,757	0.69	1.30		to	2.30		(8.24)		to	(7.30)
	December 31, 2006	403,028		12.4447	to		13.6457		5,143,745	1.56	1.30		to	2.30		17.03		to	18.22
	December 31, 2005	146,395		10.7134	to		11.5423		1,582,621	-	1.30		to	2.30		(3.25)		to	(2.26)
	December 31, 2004 (d)	99,939		11.0730	to		11.1712		1,110,866	0.09	1.25		to	2.30		10.73		to	11.71
SVV
	December 31, 2007 (k)	2,540,048		10.5313	to		10.5978		26,839,611	0.52	1.35		to	2.10		5.31		to	5.98
LGF
	December 31, 2007	223,425		10.2859	to		10.4178		2,312,144	-	1.35		to	2.10		4.53		to	5.33
	December 31, 2006 (h)	80,896		9.8104	to		9.8937		797,765	-	1.35		to	2.10		(1.60)		to	(1.10)
IGB
	December 31, 2007	2,196,971		10.5929	to		11.0236		23,839,225	4.94	1.30		to	2.35		1.07		to	2.16
	December 31, 2006	821,108		10.4189	to		10.7963		8,748,658	5.05	1.30		to	2.30		2.73		to	3.78
	December 31, 2005	340,324		10.2177	to		10.4083		3,511,097	4.45	1.30		to	2.30		(0.60)		to	0.41
	December 31, 2004 (d)	67,201		10.2282	to		10.3705		694,126	4.32	1.25		to	2.30		2.28		to	3.71
VSC
	December 31, 2007 (k)	10,111,572		9.7546	to		9.8411		99,172,712	-	1.30		to	2.35		(2.45)		to	(1.59)

(d)  For the period February 2, 2004 (commencement of operations) through December 31, 2004.

(f)   For the period October 31, 2005 (commencement of operations) through December 31, 2005.

(h)  For the period May 1, 2006 (commencement of operations) through December 31, 2006.

(k)  For the period March 5, 2007 (commencement of operations) through December 31, 2007.

Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun Life Financial Masters Extra, Sun Life Financial Masters Choice, Sun Life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
										Investment
				Unit Value						Income		Expense Ratio						Total Return
		Units		lowest to highest					Net Assets	Ratio*		lowest to highest**						lowest to highest***
SRE
	December 31, 2007	10,404,402	$	14.9817	to	$	15.7163	$	161,037,838	1.28	%	1.30	%		to	2.55	%	(15.56)	%	to	(14.47)	%
	December 31, 2006	5,480,387		17.7423	to		18.3844		99,533,635	1.38		1.30			to	2.55		35.12		to	36.85
	December 31, 2005	3,596,058		13.1306	to		13.4410		47,926,006	1.38		1.30			to	2.55		6.58		to	7.95
	December 31, 2004 (d)	1,693,151		12.3194	to		12.4577		20,994,795	-		1.25			to	2.55		23.19		to	24.58
SC3
	December 31, 2007	608,427		19.3181	to		23.3818		13,338,079	1.33		1.35			to	2.55		(15.36)		to	(14.31)
	December 31, 2006	769,769		22.8241	to		27.3850		19,831,254	1.58		1.35			to	2.55		35.43		to	37.09
	December 31, 2005	967,700		16.8526	to		20.0460		18,256,525	1.61		1.35			to	2.55		6.88		to	8.19
	December 31, 2004	1,046,871		15.7675	to		18.5935		18,344,566	1.68		1.25			to	2.55		29.91		to	31.52
	December 31, 2003	960,307		12.1371	to		14.1883		12,836,641	-		1.35			to	2.55		21.37		to	34.11
CMM
	December 31, 2007	161,444		10.5037	to		10.7137		1,712,816	4.50		1.35			to	2.05		2.46		to	3.19
	December 31, 2006	119,244		10.1589	to		10.3821		1,230,135	4.30		1.35			to	2.05		2.21		to	2.93
	December 31, 2005 (e)	48,728		10.0463	to		10.0862		490,142	2.24		1.35			to	1.85		0.46		to	0.86
VLC
	December 31, 2007 (k)	1,104,540		9.8387	to		9.9008		10,902,301	-		1.35			to	2.10		(1.61)		to	(0.99)
WTF
	December 31, 2007	109,329		14.3426	to		14.7127		1,593,216	-		1.35			to	2.25		6.92		to	7.91
	December 31, 2006	76,127		13.3415	to		13.6344		1,031,416	0.29		1.35			to	2.25		17.02		to	18.09
	December 31, 2005 (e)	36,338		11.4820	to		11.5458		418,444	-		1.35			to	2.05		14.82		to	15.46
USC
	December 31, 2007	5,229		12.0360	to		12.1732		63,311	-		1.65			to	2.05		3.22		to	3.64
	December 31, 2006	2,650			11.7457				31,111	0.13				1.65						6.10
	December 31, 2005 (e)	699			11.0707				7,735	-				1.65						10.71

(d)  For the period February 2, 2004 (commencement of operations) through December 31, 2004.

(e)  For the period April 25, 2005 (commencement of operations) through December 31, 2005.

(k)  For the period March 5, 2007 (commencement of operations) through December 31, 2007.

* Represents the dividends, excluding distributions of capital gains, received by the Sub-Account from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. The ratio excludes those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the underlying fund in which the Sub-Accounts invest.

** Ratio represents the annualized contract expenses of the Sub-Account, consisting primarily of mortaliy and expense charges. The ratio includes only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

*** Represents the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period.

(7) Tax Diversification Requirements

Under the provisions of Section 817(h) of the Internal Revenue Code (the “Code”), a variable contract, other than a contract issued in connection with certain types of employee benefit plans, is not treated as an annuity contract for federal tax purposes for any period in which the investments of the segregated asset account on which the contract is based are not adequately diversified. The Code provides that the “adequately diversified” requirement may be met if the underlying investments satisfy either a statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of Treasury.

The Internal Revenue Service has issued regulations under Section 817(h) of the Code which allows the contract owner to avoid current taxation of both current and built-up earnings of the contract. The Sponsor believes that the Sub-Account satisfies the current requirements of the regulations, and it intends that the Sub-Account will continue to meet such requirements.

Report of Independent Registered Public Accounting Firm

To the Participants in Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Sun life Financial Masters Extra, Sun life Financial Masters Choice, Sun life Financial Masters Access, Sun Life Financial Masters Flex, Sun Life Financial Masters IV and Sun Life Financial Masters VII Sub-Accounts of Sun Life of Canada (U.S.) Variable Account F and the Board of Directors of Sun Life Assurance Company of Canada (U.S.) (the “Sponsor”):

We have audited the accompanying statements of condition of Arnhold First Eagle Overseas Variable Fund Sub-Account, Columbia Small Cap Value Fund Sub-Account, Columbia Marsico 21st Century Portfolio Sub-Account, Columbia Marsico 21st Century Fund, Class B Sub-Account, Columbia Marsico Growth Fund Class B Sub-Account, Columbia Marsico Growth Portfolio Sub-Account, Columbia Marsico International Opportunities Portfolio Sub-Account, Fidelity VIP Balanced Svc 2 Sub-Account, Fidelity VIP Freedom 2010 Portfolio Sub-Account, Fidelity VIP Freedom 2015 Portfolio Sub-Account, Fidelity VIP Freedom 2020 Portfolio Sub-Account, Fidelity VIP Mid Cap Svc 2 Sub-Account, Franklin Templeton VIP Mutual Shares Securities Fund Sub-Account, Franklin Templeton VIP Templeton Developing Markets Securities Fund Sub-Account, Franklin Templeton VIP Templeton Growth Securities Fund Class 2 Sub-Account, Franklin Templeton VIP Templeton Foreign Securities Fund Sub-Account, Franklin Templeton VIP Franklin Income Securities Class 2 Sub-Account, Franklin Templeton VIP Franklin Small Cap Value Securities Fund Sub-Account, Franklin Templeton VIP Franklin Strategic Income Securities Class 2 Sub-Account, Lord Abbett All Value Portfolio Sub-Account, Lord Abbett Growth & Income Portfolio Sub-Account, Lord Abbett Growth Opportunities Portfolio Sub-Account, Lord Abbett Mid Cap Value Portfolio Sub-Account, MFS/Sun Life Bond S Class Sub-Account, MFS/Sun Life Bond Series Sub-Account, MFS/Sun Life Capital Appreciation S Class Sub-Account, MFS/Sun Life Capital Appreciation Series Sub-Account, MFS/Sun Life Capital Opportunities S Class Sub-Account, MFS/Sun Life Capital Opportunities Series Sub-Account, MFS/Sun Life Emerging Growth S Class Sub-Account, MFS/Sun Life Emerging Growth Series Sub-Account, MFS/Sun Life Emerging Markets Equity S Class Sub-Account, MFS/Sun Life Emerging Markets Equity Series Sub-Account, MFS/Sun Life Global Governments S Class Sub-Account, MFS/Sun Life Global Governments Series Sub-Account, MFS/Sun Life Global Growth S Class Sub-Account, MFS/Sun Life Global Growth Series Sub-Account, MFS/Sun Life Global Total Return S Class Sub-Account, MFS/Sun Life Global Total Return Series Sub-Account, MFS/Sun Life Government Securities S Class Sub-Account, MFS/Sun Life Government Securities Series Sub-Account,  MFS/Sun Life High Yield S Class Sub-Account, MFS/Sun Life High Yield Series Sub-Account, MFS/Sun Life International Growth S Class Sub-Account, MFS/Sun Life International Growth Series Sub-Account, MFS/Sun Life International Investors Trust S Class Sub-Account, MFS/Sun Life International Investors Trust Series Sub-Account, Massachusetts Investors Growth Stock S Class Sub-Account, Massachusetts Investors Growth Stock Series Sub-Account, Massachusetts Investors Trust S Class Sub-Account, Massachusetts Investors Trust Series Sub-Account, MFS/Sun Life Mid Cap Growth S Class Sub-Account, MFS/Sun Life Mid Cap Growth Series Sub-Account, MFS/Sun Life Mid Cap Value S Class Sub-Account, MFS/Sun Life Money Market S Class Sub-Account, MFS/Sun Life Money Market Series Sub-Account, MFS/Sun Life New Discovery S Class Sub-Account, MFS/Sun Life New Discovery Series Sub-Account, MFS/Sun Life Research S Class Sub-Account, MFS/Sun Life Research Series Sub-Account, MFS/Sun Life Research Growth and Income S Class Sub-Account, MFS/Sun Life Research Growth and Income Series Sub-Account, MFS/Sun Life Research International S Class Sub-Account, MFS/Sun Life Research International Series Sub-Account, MFS/Sun Life Strategic Growth S Class Sub-Account, MFS/Sun Life Strategic Growth Series Sub-Account, MFS/Sun Life Strategic Income S Class Sub-Account, MFS/Sun Life Strategic Income Series Sub-Account, MFS/Sun Life Strategic Value S Class Sub-Account, MFS/Sun Life Technology S Class Sub-Account, MFS/Sun Life Technology Series Sub-Account, MFS/Sun Life Total Return S Class Sub-Account, MFS/Sun Life Total Return Series Sub-Account, MFS/Sun Life Utilities S Class Sub-Account, MFS/Sun Life Utilities Series Sub-Account, MFS/Sun Life Value S Class Sub-Account, MFS/Sun Life Value Series Sub-Account, Oppenheimer VA Balanced VA Fund Sub-Account, Oppenheimer VA Capital Appreciation Fund Sub-Account, Oppenheimer VA Global Securities Fund Sub-Account, Oppenheimer VA Main Street Fund Sub-Account, Oppenheimer VA Main St. Small Cap Fund Sub-Account, PIMCO VIT Emerging Markets Bond Portfolio Sub-Account, PIMCO VIT Low Duration Portfolio Sub-Account, PIMCO VIT Real Return Portfolio Sub-Account, PIMCO VIT Total Return Portfolio Sub-Account, VIT All Asset Portfolio Sub-Account, VIT Commodity Real Return Strategy Portfolio Sub-Account, Sun Capital All Cap S Class Sub-Account, Sun Capital Davis Venture Value S Class Sub-Account, Sun Capital FI Large Cap Growth Fund Sub-Account, Sun Capital Investment Grade Bond S Class Sub-Account, Sun Capital Oppenheimer Main Street Small Cap S Class Sub-Account, Sun Capital Real Estate Fund S Class Sub-Account, Sun Capital Real Estate Fund Sub-Account, Sun Capital Money Market S Class Sub-Account, Van Kampen LIT Comstock II Sub-Account, Wanger Select Sub-Account, and Wanger U.S. Smaller Companies Sub-Account of Sun Life of Canada (U.S.) Variable Account F (collectively the “Sub-Accounts”), as of December 31, 2007, and the related statements of operations for the year then ended and the statements of changes in net assets for each of the two years in the period then ended. These financial statements are the responsibility of the Sponsor’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Sub-Accounts are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Sub-Accounts’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2007, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of each of the Sub-Accounts as of December 31, 2007, the results of their operations for the year then ended and the changes in their net assets for each of the two years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

April 18, 2008

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007

Assets:
Investment in	Shares		Cost		Value
AIM Variable Insurance Fund, Inc.
V.I. Core Equity Fund Series 2 Sub-Account (AG3)	13,551	$	318,349	$	391,340
V.I. Capital Appreciation Fund Sub-Account (AI1)	1,355,393		34,746,374		39,807,883
V.I. Core Equity Fund Sub-Account (AI3)	945,348		21,281,981		27,519,092
V.I. International Growth Fund Sub-Account (AI4)	987,351		19,609,477		33,204,625
V.I. Capital Appreciation Fund Series 2 Sub-Account (AI7)	46,364		1,131,924		1,342,229
V.I. International Growth Fund Series 2 Sub-Account (AI8)	26,741		588,489		888,856
V.I. Small Cap Equity Fund Sub-Account (ASC)	261,536		4,191,457		4,061,659
V.I. Dynamics Fund Sub-Account (IV1)	160,912		2,636,688		3,095,938
V.I. Small Company Growth Fund Sub-Account (IV2) (a)	-		-		-
Arnhold and S. Bleichroeder Advisers, Inc.
First Eagle VFT Overseas Variable Series Sub-Account (SGI)	5,404,253		148,667,394		159,749,723
The Alger American Fund
Growth Portfolio Sub-Account (AL1) (a)	-		-		-
Income and Growth Portfolio Sub-Account (AL2)	1,234,706		12,571,433		14,964,633
Small Capitalization Portfolio Sub-Account (AL3)	164,112		2,709,557		5,468,220
Alliance Variable Products Series Fund, Inc.
Large Cap Growth Portfolio Sub-Account (AN1) (a)	-		-		-
Global Technology Portfolio Sub-Account (AN2)	107,203		1,865,395		2,177,291
Growth and Income Portfolio Sub-Account (AN3)	1,088,154		24,647,252		28,890,490
International Growth Portfolio Sub-Account (AN4)	772,430		20,668,126		19,102,184
Small Cap Growth Portfolio Sub-Account (AN5)	165,523		2,180,503		2,514,299
Credit Suisse Institutional Fund, Inc.
Emerging Markets Portfolio Sub-Account (CS1)	129,316		2,455,235		3,049,272
International Focus Portfolio Sub-Account (CS2)	26,210		281,907		415,422
Global Small Cap Portfolio Sub-Account (CS3)	23,471		288,777		330,476
Small Cap Growth Portfolio Sub-Account (CS4)	79,083		1,156,966		1,223,415
Fidelity Variable Insurance Products Funds
VIP Contrafund Portfolio Sub-Account (FL1)	1,938,302		55,701,407		53,225,775
VIP Overseas Fund Portfolio Sub-Account (FL2)	412,642		7,810,372		10,365,571
VIP Growth Fund Portfolio Sub-Account (FL3)	1,394,844		44,134,095		62,279,803
Franklin Templeton Variable Insurance Products Trust
Growth Securities Fund Class 2 Sub-Account (FTG)	483,945		6,970,711		7,472,109
Templeton Foreign Securities Fund Sub-Account (FTI)	375,513		6,310,162		7,604,129
Goldman Sachs Variable Insurance Trust
VIT Structured Small Cap Equity Fund Sub-Account (GS2)	304,580		4,124,557		3,262,049
VIT Structured US Equity Fund Sub-Account (GS3)	847,942		9,864,055		11,158,915
VIT Growth and Income Fund Sub-Account (GS4)	570,213		7,465,312		7,144,774
VIT International Equity Fund Sub-Account (GS5)	510,522		5,515,976		7,024,777
VIT Capital Growth Fund Sub-Account (GS7)	237,611		2,504,797		3,024,788
J.P. Morgan Series Trust II
US Large Cap Core Equity Portfolio Sub-Account (JP1)	373,016		5,090,043		5,889,921
International Opportunities Portfolio Sub-Account (JP2)	215,250		2,373,581		3,433,234
Small Company Portfolio Sub-Account (JP3)	236,287		3,633,766		3,794,768
Legg Mason Partners Variable Portfolios, Inc.
Capital and Income Portfolio Sub-Account (LCI)	143,932		2,076,602		1,786,197
Fundamental Value Portfolio Sub-Account (LMI)	23,541		563,341		510,603
All Cap Portfolio Sub-Account (SB1) (a)
Investors Sub-Account (SB2)	34,733		464,637		573,793
Strategic Bond Portfolio Sub-Account (SB3)	164,948		1,767,557		1,637,929
Total Return Portfolio Sub-Account (SB4) (a)	-		-		-
Lord Abbett Series Fund, Inc.
Growth and Income Portfolio Sub-Account (LA1)	5,459,389		135,431,810		152,371,539
Mid Cap Value Portfolio Sub-Account (LA2)	4,654,685		89,760,413		87,973,548
International Portfolio Sub-Account (LA3)	638,316		7,323,494		6,912,962
MFS/Sun Life Series Trust
Capital Appreciation Series Sub-Account (CAS)	292,935		5,289,503		6,661,331
(a) Sub-Account closed on April 30, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Condition - December 31, 2007 - continued

MFS/Sun Life Series Trust - continued	Shares		Cost		Value
Emerging Growth Series Sub-Account (EGS)	683,137	$	10,064,195	$	15,281,773
Government Securities Series Sub-Account (GSS)	1,719,069		22,046,970		22,158,801
High Yield Series Sub-Account (HYS)	2,062,072		13,734,345		13,527,191
New Discovery S Class Sub-Account (M1A)	2,278,331		29,424,666		36,384,954
Massachusetts Investors Growth Stock S Class Sub-Account (M1B)	721,378		6,092,661		8,360,777
High Yield S Class Sub-Account (MFC)	1,520,481		10,149,008		9,883,130
Capital Appreciation S Class Sub-Account (MFD)	45,965		811,551		1,036,045
Utilities S Class Sub-Account (MFE)	464,446		8,189,847		13,603,619
Emerging Growth S Class Sub-Account (MFF)	86,454		1,404,799		1,902,862
Total Return S Class Sub-Account (MFJ)	3,513,141		64,263,399		67,909,016
Government Securities S Class Sub-Account (MFK)	1,492,493		19,312,167		19,118,833
Massachusetts Investors Trust S Class Sub-Account (MFL)	177,847		4,787,847		6,265,566
Massachusetts Investors Growth Stock Series Sub-Account (MIS)	1,475,929		13,181,741		17,253,604
Massachusetts Investors Trust Series Sub-Account (MIT)	461,627		12,129,742		16,392,370
Money Market Series Sub-Account (MMS)	2,267,473		2,267,473		2,267,473
New Discovery Series Sub-Account (NWD)	1,686,782		20,668,358		27,393,333
Total Return Series Sub-Account (TRS)	2,003,158		36,482,473		39,061,582
Utilities Series Sub-Account (UTS)	1,252,878		20,021,621		36,984,947
OCC Accumulation Trust
Equity Portfolio Sub-Account (OP1)	87,662		3,034,387		3,179,506
Mid Cap Value Portfolio Sub-Account (OP2)	298,562		4,288,696		4,839,682
Small Cap Portfolio Sub-Account (OP3)	59,393		1,767,295		1,733,691
Managed Portfolio Sub-Account (OP4)	21,712		860,857		840,036
PIMCO Variable Insurance Trust
High Yield Portfolio Sub-Account (PHY)	8,653,872		70,861,219		69,663,675
Emerging Markets Bond Portfolio Sub-Account (PMB)	4,022,221		53,830,239		54,983,761
Real Return Portfolio Sub-Account (PRR)	1,337,929		16,763,159		16,817,766
Total Return Portfolio Sub-Account (PTR)	9,369,901		96,457,953		98,290,260
Rydex Variable Trust
Nova Fund Sub-Account (RX1)	55,653		483,922		559,869
OTC Fund Sub-Account (RX2)	64,933		1,037,381		1,176,591
Sun Capital Advisers Trust
FI Large Cap Growth Fund I Class Sub-Account (LCG)	1,790,790		18,684,070		19,071,913
FI Large Cap Growth Fund Sub-Account (LGF)	647,530		6,759,817		6,883,249
Sun Capital Money Market Fund Sub-Account (SC1)	80,714,389		80,714,389		80,714,389
Sun Capital Investment Grade Bond Fund Sub-Account (SC2)	3,441,055		33,644,187		32,621,204
Sun Capital Real Estate Fund Sub-Account (SC3)	3,206,295		60,404,044		58,482,821
SC Blue Chip Mid Cap Fund Sub-Account (SC5)	4,112,446		69,183,710		73,818,406
SC Davis Venture Value Fund Sub-Account (SC7)	3,510,636		36,896,368		47,920,180
SC Oppenheimer Main Street Small Cap Fund Sub-Account (SCB)	5,296,199		71,003,193		68,744,661
Sun Capital All Cap Fund Sub-Account (SCM)	167,647		1,968,623		1,805,559
	183,076,289	$	1,629,849,847	$	1,789,238,657
Liability:
Payable to Sponsor					(557,894)
Net Assets Applicable to Participants				$	1,788,680,763

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007 - continued

Net Assets Applicable to Participants:	Applicable to Participants of				Reserve for
	Deferred Variable Annuity Contracts				Variable
MFS Consolidated Futurity Contracts:	Units		Value		Annuities		Total
AIM Variable Insurance Fund, Inc.
AG3	25,019	$	391,340	$	-	$	391,340
AI1	4,136,257		39,725,939		77,235		39,803,174
AI3	2,684,124		27,446,070		66,142		27,512,212
AI4	2,168,045		33,092,719		89,393		33,182,112
AI7	89,504		1,304,248		35,591		1,339,839
AI8	37,189		888,856		-		888,856
ASC	411,171		4,061,659		-		4,061,659
IV1	256,825		3,067,796		28,709		3,096,505
IV2 (a)	-		-		-		-
Arnhold and S. Bleichroeder Advisers, Inc.
SGI	4,959,755		159,641,903		119,518		159,761,421
The Alger American Fund
AL1 (a)	-		-		-		-
AL2	1,370,785		14,902,516		34,619		14,937,135
AL3	469,618		5,422,979		38,612		5,461,591
Alliance Variable Products Series Fund, Inc.
AN1 (a)	-		-		-		-
AN2	232,519		2,177,291		-		2,177,291
AN3	2,272,930		28,884,768		-		28,884,768
AN4	776,150		19,039,534		59,032		19,098,566
AN5	180,795		2,484,543		28,698		2,513,241
Credit Suisse Institutional Fund, Inc.
CS1	89,977		3,000,535		43,046		3,043,581
CS2	27,519		414,893		394		415,287
CS3	25,108		314,066		12,458		326,524
CS4	112,854		1,220,895		2,089		1,222,984
Fidelity Variable Insurance Products Funds
FL1	2,960,551		53,162,337		60,320		53,222,657
FL2	646,769		10,313,523		50,193		10,363,716
FL3	5,224,408		62,185,245		87,257		62,272,502
Franklin Templeton Variable Insurance Products Trust
FTG	368,037		7,471,651		-		7,471,651
FTI	323,272		7,549,690		50,593		7,600,283
Goldman Sachs Variable Insurance Trust
GS2	222,304		3,235,666		20,350		3,256,016
GS3	980,655		11,120,070		22,754		11,142,824
GS4	529,518		7,144,769		-		7,144,769
GS5	511,690		6,979,735		39,676		7,019,411
GS7	277,254		2,990,856		28,613		3,019,469
J.P. Morgan Series Trust II
JP1	560,270		5,821,650		60,166		5,881,816
JP2	247,671		3,414,774		14,976		3,429,750
JP3	281,192		3,793,017		-		3,793,017
Legg Mason Partners Variable Portfolios, Inc.
LCI	176,830		1,771,796		13,399		1,785,195
LMI	53,713		510,603		-		510,603
SB1 (a)	-		-		-		-
SB2	35,049		573,793		-		573,793
SB3	104,249		1,603,387		29,594		1,632,981
SB4 (a)	-		-		-		-
Lord Abbett Series Fund, Inc.
LA1	9,829,811		152,256,521		111,759		152,368,280
LA2	5,381,998		87,912,259		69,781		87,982,040
LA3	379,864		6,867,597		42,632		6,910,229
(a) Sub-Account closed on April 30, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Assets and Liabilities - December 31, 2007 - continued

	Applicable to Participants of				Reserve for
	Deferred Variable Annuity Contracts				Variable
MFS/Sun Life Series Trust	Units		Value		Annuities		Total
CAS	809,834	$	6,629,978	$	25,035	$	6,655,013
EGS	1,537,801		15,106,466		152,021		15,258,487
GSS	1,590,552		22,106,358		42,988		22,149,346
HYS	989,027		13,449,768		64,626		13,514,394
M1A	2,976,821		36,357,627		31,980		36,389,607
M1B	755,576		8,360,777		-		8,360,777
MFC	705,076		9,883,130		-		9,883,130
MFD	95,532		1,036,045		-		1,036,045
MFE	587,901		13,603,597		-		13,603,597
MFF	139,120		1,894,847		7,645		1,902,492
MFJ	4,939,318		67,832,648		63,301		67,895,949
MFK	1,607,136		19,118,259		421		19,118,680
MFL	498,656		6,259,926		4,919		6,264,845
MIS	2,087,025		17,177,695		71,787		17,249,482
MIT	1,506,689		16,305,107		56,735		16,361,842
MMS	187,063		2,267,473		-		2,267,473
NWD	2,511,288		27,389,076		3,239		27,392,315
TRS	2,539,605		39,015,955		34,172		39,050,127
UTS	1,671,698		36,762,826		180,358		36,943,184
OCC Accumulation Trust
OP1	224,003		3,172,169		5,599		3,177,768
OP2	155,858		4,780,602		46,830		4,827,432
OP3	75,198		1,684,601		42,311		1,726,912
OP4	62,458		840,036		-		840,036
PIMCO Variable Insurance Trust
PHY	4,415,930		69,620,268		47,911		69,668,179
PMB	2,757,129		54,938,622		47,910		54,986,532
PRR	1,329,677		16,817,419		179		16,817,598
PTR	8,162,924		98,249,564		44,885		98,294,449
Rydex Variable Trust
RX1	55,231		559,869		-		559,869
RX2	112,688		1,139,881		35,743		1,175,624
Sun Capital Advisers Trust
LCG	1,874,035		18,998,244		72,487		19,070,731
LGF	679,016		6,867,120		15,579		6,882,699
SC1	7,339,311		80,447,362		115,169		80,562,531
SC2	2,340,448		32,516,960		74,944		32,591,904
SC3	2,146,464		58,442,374		40,200		58,482,574
SC5	3,624,510		73,643,008		150,650		73,793,658
SC7	3,652,592		47,755,033		126,026		47,881,059
SCB	3,953,830		68,683,863		57,229		68,741,092
SCM	115,211		1,790,232		14,011		1,804,243
Net Assets		$	1,785,666,274	$	3,014,489	$	1,788,680,763

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007

	AG3			AI1			AI3			AI4
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	3,846		$	-		$	310,473		$	137,618
Mortality and expense risk charges		(7,932	)		(580,304	)		(404,776	)		(471,687	)
Distribution and administrative expense charges		(952	)		(69,637	)		(48,573	)		(56,602	)
Net investment income (loss)	$	(5,038	)	$	(649,941	)	$	(142,876	)	$	(390,671	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	65,285		$	4,145,520		$	2,109,688		$	7,214,224
Realized gain distributions		-			-			-			-
Net realized gains (losses)	$	65,285		$	4,145,520		$	2,109,688		$	7,214,224
Net unrealized appreciation (depreciation) on investments:
End of year	$	72,991		$	5,061,509		$	6,237,111		$	13,595,148
Beginning of year		102,000			3,995,017			6,123,201			15,978,430
Change in unrealized appreciation (depreciation)	$	(29,009	)	$	1,066,492		$	113,910		$	(2,383,282	)
Realized and unrealized gains (losses)	$	36,276		$	5,212,012		$	2,223,598		$	4,830,942
Increase (Decrease) in net assets from operations	$	31,238		$	4,562,071		$	2,080,722		$	4,440,271
	AI7			AI8			ASC			IV1
	Sub-Account			Sub-Account			Sub-Account (b)			Sub-Account
Income and Expenses:
Dividend income	$	-		$	3,391		$	1,758		$	-
Mortality and expense risk charges		(24,284	)		(16,349	)		(40,836	)		(42,163	)
Distribution and administrative expense charges		(2,914	)		(1,962	)		(4,900	)		(5,060	)
Net investment income (loss)	$	(27,198	)	$	(14,920	)	$	(43,978	)	$	(47,223	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	125,784		$	235,156		$	14,228		$	488,603
Realized gain distributions		-			-			117,637			-
Net realized gains (losses)	$	125,784		$	235,156		$	131,865		$	488,603
Net unrealized appreciation (depreciation) on investments:
End of year	$	210,305		$	300,367		$	(129,798	)	$	459,250
Beginning of year		167,566			382,426			-			592,748
Change in unrealized appreciation (depreciation)	$	42,739		$	(82,059	)	$	(129,798	)	$	(133,498	)
Realized and unrealized gains (losses)	$	168,523		$	153,097		$	2,067		$	355,105
Increase (Decrease) in net assets from operations	$	141,325		$	138,177		$	(41,911	)	$	307,882

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	IV2			SGI			AL1			AL2
	Sub-Account (a)			Sub-Account			Sub-Account (a)			Sub-Account
Income and Expenses:
Dividend income	$	-		$	-		$	-		$	138,979
Mortality and expense risk charges		(22,067	)		(2,558,020	)		(109,975	)		(225,122	)
Distribution and administrative expense charges		(2,648	)		(306,962	)		(13,197	)		(27,015	)
Net investment income (loss)	$	(24,715	)	$	(2,864,982	)	$	(123,172		$	(113,158	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	553,279		$	14,406,585		$	4,379,339		$	134,255
Realized gain distributions		778,834			-			-			-
Net realized gains (losses)	$	1,332,113		$	14,406,585		$	4,379,339		$	134,255
Net unrealized appreciation (depreciation) on investments:
End of year	$	-		$	11,082,329		$	-		$	2,393,200
Beginning of year		974,671			11,533,993			2,464,939			940,883
Change in unrealized appreciation (depreciation)	$	(974,671	)	$	(451,664	)	$	(2,464,939	)	$	1,452,317
Realized and unrealized gains (losses)	$	357,442		$	13,954,921		$	1,914,400		$	1,586,572
Increase (Decrease) in net assets from operations	$	332,727		$	11,089,939		$	1,791,228		$	1,473,414
	AL3			AN1			AN2			AN3
	Sub-Account			Sub-Account (a)			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	-		$	-		$	-		$	382,356
Mortality and expense risk charges		(78,896	)		(36,887	)		(24,573	)		(445,401	)
Distribution and administrative expense charges		(9,467	)		(4,427	)		(2,949	)		(53,448	)
Net investment income (loss)	$	(88,363	)	$	(41,314	)	$	(27,522	)	$	(116,493	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	924,917		$	1,598,619		$	233,003		$	4,031,521
Realized gain distributions		-			-			-			1,572,796
Net realized gains (losses)	$	924,917		$	1,598,619		$	233,003		$	5,604,317
Net unrealized appreciation (depreciation) on investments:
End of year	$	2,758,663		$	-		$	311,896		$	4,243,238
Beginning of year		2,671,520			1,205,167			284,165			8,628,566
Change in unrealized appreciation (depreciation)	$	87,143		$	(1,205,167	)	$	27,731		$	(4,385,328	)
Realized and unrealized gains (losses)	$	1,012,060		$	393,452		$	260,734		$	1,218,989
Increase (Decrease) in net assets from operations	$	923,697		$	352,138		$	233,212		$	1,102,496

(a)  Sub-Account closed on April 30, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	AN4			AN5			CS1			CS2
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	255,650		$	-		$	41,560		$	4,465
Mortality and expense risk charges		(260,320	)		(31,166	)		(33,596	)		(5,493	)
Distribution and administrative expense charges		(31,238	)		(3,740	)		(4,032	)		(659	)
Net investment income (loss)	$	(35,908	)	$	(34,906	)	$	3,932		$	(1,687	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	2,259,401		$	238,939		$	285,473		$	52,181
Realized gain distributions		6,177,690			-			429,090			-
Net realized gains (losses)	$	8,437,091		$	238,939		$	714,563		$	52,181
Net unrealized appreciation (depreciation) on investments:
End of year	$	(1,565,942	)	$	333,796		$	594,037		$	133,515
Beginning of year		4,129,176			281,472			668,228			121,181
Change in unrealized appreciation (depreciation)	$	(5,695,118	)	$	52,324		$	(74,191	)	$	12,334
Realized and unrealized gains (losses)	$	2,741,973		$	291,263		$	640,372		$	64,515
Increase (Decrease) in net assets from operations	$	2,706,065		$	256,357		$	644,304		$	62,828
	CS3			CS4			FL1			FL2
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	-		$	-		$	385,030		$	296,900
Mortality and expense risk charges		(5,891	)		(17,013	)		(747,311	)		(140,832	)
Distribution and administrative expense charges		(707	)		(2,041	)		(89,677	)		(16,900	)
Net investment income (loss)	$	(6,598	)	$	(19,054	)	$	(451,958	)	$	139,168
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	24,190		$	72,805		$	5,846,423		$	1,454,996
Realized gain distributions		-			-			13,170,501			677,530
Net realized gains (losses)	$	24,190		$	72,805		$	19,016,924		$	2,132,526
Net unrealized appreciation (depreciation) on investments:
End of year	$	41,699		$	66,449		$	(2,475,632	)	$	2,555,199
Beginning of year		84,879			142,880			8,409,664			3,408,707
Change in unrealized appreciation (depreciation)	$	(43,180	)	$	(76,431	)	$	(10,885,296	)	$	(853,508	)
Realized and unrealized gains (losses)	$	(18,990	)	$	(3,626	)	$	8,131,628		$	1,279,018
Increase (Decrease) in net assets from operations	$	(25,588	)	$	(22,680	)	$	7,679,670		$	1,418,186

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	FL3			FTG			FTI			GS2
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	275,368		$	128,180		$	175,222		$	13,629
Mortality and expense risk charges		(955,045	)		(129,598	)		(117,493	)		(59,974	)
Distribution and administrative expense charges		(114,605	)		(15,552	)		(14,099	)		(7,197	)
Net investment income (loss)	$	(794,282	)	$	(16,970	)	$	43,630		$	(53,542	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	9,032,403		$	869,017		$	1,212,175		$	12,726
Realized gain distributions		39,486			408,983			399,660			353,371
Net realized gains (losses)	$	9,071,889		$	1,278,000		$	1,611,835		$	366,097
Net unrealized appreciation (depreciation) on investments:
End of year	$	18,145,708		$	501,398		$	1,293,967		$	(862,508	)
Beginning of year		11,505,528			1,690,360			1,883,718			258,588
Change in unrealized appreciation (depreciation)	$	6,640,180		$	(1,188,962	)	$	(589,751	)	$	(1,121,096	)
Realized and unrealized gains (losses)	$	15,712,069		$	89,038		$	1,022,084		$	(754,999	)
Increase (Decrease) in net assets from operations	$	14,917,787		$	72,068		$	1,065,714		$	(808,541	)
	GS3			GS4			GS5			GS7
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	124,338		$	132,639		$	94,627		$	5,671
Mortality and expense risk charges		(174,119	)		(106,103	)		(102,198	)		(45,592	)
Distribution and administrative expense charges		(20,894	)		(12,732	)		(12,264	)		(5,471	)
Net investment income (loss)	$	(70,675	)	$	13,804		$	(19,835	)	$	(45,392	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	900,372		$	988,417		$	1,061,245		$	319,942
Realized gain distributions		872,463			682,976			744,076			-
Net realized gains (losses)	$	1,772,835		$	1,671,393		$	1,805,321		$	319,942
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,294,860		$	(320,538	)	$	1,508,801		$	519,991
Beginning of year		3,327,154			1,350,003			2,791,798			517,862
Change in unrealized appreciation (depreciation)	$	(2,032,294	)	$	(1,670,541	)	$	(1,282,997	)	$	2,129
Realized and unrealized gains (losses)	$	(259,459	)	$	852		$	522,324		$	322,071
Increase (Decrease) in net assets from operations	$	(330,134	)	$	14,656		$	502,489		$	276,679

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	JP1			JP2			JP3			LCI
	Sub-Account			Sub-Account			Sub-Account			Sub-Account (b)
Income and Expenses:
Dividend income	$	76,457		$	44,847		$	422		$	24,818
Mortality and expense risk charges		(87,785	)		(51,730	)		(62,612	)		(16,389	)
Distribution and administrative expense charges		(10,534	)		(6,208	)		(7,513	)		(1,967	)
Net investment income (loss)	$	(21,862	)	$	(13,091	)	$	(69,703	)	$	6,462
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	144,525		$	616,426		$	403,329		$	2,517
Realized gain distributions		-			-			226,908			286,226
Net realized gains (losses)	$	144,525		$	616,426		$	630,237		$	288,743
Net unrealized appreciation (depreciation) on investments:
End of year	$	799,878		$	1,059,653		$	161,002		$	(290,405
Beginning of year		857,435			1,342,272			988,691			-
Change in unrealized appreciation (depreciation)	$	(57,557	)	$	(282,619	)	$	(827,689	)	$	(290,405	)
Realized and unrealized gains (losses)	$	86,968		$	333,807		$	(197,452	)	$	(1,662	)
Increase (Decrease) in net assets from operations	$	65,106		$	320,716		$	(267,155	)	$	4,800
	LMI			SB1			SB2			SB3
	Sub-Account (b)			Sub-Account (a)			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	6,432		$	1,665		$	7,275		$	80,404
Mortality and expense risk charges		(4,658	)		(2,109	)		(7,163	)		(21,668	)
Distribution and administrative expense charges		(559	)		(253	)		(860	)		(2,600	)
Net investment income (loss)	$	1,215		$	(697	)	$	(748	)	$	56,136
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	(1,488	)	$	61,177		$	9,007		$	(15,561	)
Realized gain distributions		25,168			28,870			15,408			-
Net realized gains (losses)	$	23,680		$	90,047		$	24,415		$	(15,561	)
Net unrealized appreciation (depreciation) on investments:
End of year	$	(52,738	)	$	-		$	109,156		$	(129,628	)
Beginning of year		-			63,190			119,570			(101,235	)
Change in unrealized appreciation (depreciation)	$	(52,738	)	$	(63,190	)	$	(10,414	)	$	(28,393	)
Realized and unrealized gains (losses)	$	(29,058	)	$	26,857		$	14,001		$	(43,954	)
Increase (Decrease) in net assets from operations	$	(27,843	)	$	26,160		$	13,253		$	12,182

(a)  Sub-Account closed on April 30, 2007.

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	SB4			LA1			LA2			LA3
	Sub-Account (a)			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	17,345		$	1,903,157		$	401,521		$	64,358
Mortality and expense risk charges		(8,663	)		(2,357,271	)		(1,430,455	)		(110,835	)
Distribution and administrative expense charges		(1,040	)		(282,872	)		(171,655	)		(13,300	)
Net investment income (loss)	$	7,642		$	(736,986	)	$	(1,200,589	)	$	(59,777	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	294,152		$	13,183,682		$	10,618,885		$	740,403
Realized gain distributions		13,569			10,494,856			11,803,641			861,084
Net realized gains (losses)	$	307,721		$	23,678,538		$	22,422,526		$	1,601,487
Net unrealized appreciation (depreciation) on investments:
End of year	$	-		$	16,939,729		$	(1,786,865	)	$	(410,532	)
Beginning of year		254,736			35,997,121			19,264,007			887,717
Change in unrealized appreciation (depreciation)	$	(254,736	)	$	(19,057,392	)	$	(21,050,872	)	$	(1,298,249	)
Realized and unrealized gains (losses)	$	52,985		$	4,621,146		$	1,371,654		$	303,238
Increase (Decrease) in net assets from operations	$	60,627		$	3,884,160		$	171,065		$	243,461
	CAS			EGS			GSS			HYS
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	15,337		$	-		$	1,193,651		$	1,243,356
Mortality and expense risk charges		(99,789	)		(217,028	)		(307,412	)		(206,613	)
Distribution and administrative expense charges		(11,975	)		(26,043	)		(36,889	)		(24,794	)
Net investment income (loss)	$	(96,427	)	$	(243,071	)	$	849,350		$	1,011,949
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	269,734		$	1,756,359		$	(741,656	)	$	17,053
Realized gain distributions		-			-			-			-
Net realized gains (losses)	$	269,734		$	1,756,359		$	(741,656	)	$	17,053
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,371,828		$	5,217,578		$	111,831		$	(207,154	)
Beginning of year		818,933			3,742,353			(1,091,469	)		678,286
Change in unrealized appreciation (depreciation)	$	552,895		$	1,475,225		$	1,203,300		$	(885,440	)
Realized and unrealized gains (losses)	$	822,629		$	3,231,584		$	461,644		$	(868,387	)
Increase (Decrease) in net assets from operations	$	726,202		$	2,988,513		$	1,310,994		$	143,562

(a)  Sub-Account closed on April 30, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	M1A			M1B			MFC			MFD
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	-		$	12,029		$	860,406		$	-
Mortality and expense risk charges		(609,030	)		(121,498	)		(155,882	)		(15,430	)
Distribution and administrative expense charges		(73,084	)		(14,580	)		(18,706	)		(1,852	)
Net investment income (loss)	$	(682,114	)	$	(124,049	)	$	685,818		$	(17,282	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	3,861,564		$	486,841		$	63,057		$	71,428
Realized gain distributions		1,109,113			-			-			-
Net realized gains (losses)	$	4,970,677		$	486,841		$	63,057		$	71,428
Net unrealized appreciation (depreciation) on investments:
End of year	$	6,960,288		$	2,268,116		$	(265,878	)	$	224,494
Beginning of year		10,577,947			1,806,505			423,463			172,559
Change in unrealized appreciation (depreciation)	$	(3,617,659	)	$	461,611		$	(689,341	)	$	51,935
Realized and unrealized gains (losses)	$	1,353,018		$	948,452		$	(626,284	)	$	123,363
Increase (Decrease) in net assets from operations	$	670,904		$	824,403		$	59,534		$	106,081
	MFE			MFF			MFJ			MFK
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	146,081		$	-		$	2,019,809		$	918,204
Mortality and expense risk charges		(174,499	)		(23,780	)		(1,131,477	)		(268,354	)
Distribution and administrative expense charges		(20,940	)		(2,854	)		(135,777	)		(32,203	)
Net investment income (loss)	$	(49,358	)	$	(26,634	)	$	752,555		$	617,647
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	1,978,550		$	204,912		$	2,389,668		$	(380,242	)
Realized gain distributions		-			-			2,940,687			-
Net realized gains (losses)	$	1,978,550		$	204,912		$	5,330,355		$	(380,242	)
Net unrealized appreciation (depreciation) on investments:
End of year	$	5,413,772		$	498,063		$	3,645,617		$	(193,334	)
Beginning of year		4,444,408			383,026			7,936,900			(950,965	)
Change in unrealized appreciation (depreciation)	$	969,364		$	115,037		$	(4,291,283	)	$	757,631
Realized and unrealized gains (losses)	$	2,947,914		$	319,949		$	1,039,072		$	377,389
Increase (Decrease) in net assets from operations	$	2,898,556		$	293,315		$	1,791,627		$	995,036

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	MFL			MIS			MIT			MMS
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	63,345		$	74,149		$	224,972		$	103,643
Mortality and expense risk charges		(87,321	)		(252,814	)		(248,665	)		(27,355	)
Distribution and administrative expense charges		(10,478	)		(30,338	)		(29,840	)		(3,283	)
Net investment income (loss)	$	(34,454	)	$	(209,003	)	$	(53,533	)	$	73,005
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	403,536		$	893,964		$	998,572		$	-
Realized gain distributions		-			-			-			-
Net realized gains (losses)	$	403,536		$	893,964		$	998,572		$	-
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,477,719		$	4,071,863		$	4,262,628		$	-
Beginning of year		1,572,460			2,869,557			4,283,343			-
Change in unrealized appreciation (depreciation)	$	(94,741	)	$	1,202,306		$	(20,715	)	$	-
Realized and unrealized gains (losses)	$	308,795		$	2,096,270		$	977,857		$	-
Increase (Decrease) in net assets from operations	$	274,341		$	1,887,267		$	924,324		$	73,005
	NWD			TRS			UTS			OP1
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	-		$	1,389,662		$	506,328		$	22,592
Mortality and expense risk charges		(421,729	)		(598,096	)		(492,997	)		(46,236	)
Distribution and administrative expense charges		(50,607	)		(71,772	)		(59,160	)		(5,548	)
Net investment income (loss)	$	(472,336	)	$	719,794		$	(45,829	)	$	(29,192	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	4,492,653		$	2,504,521		$	7,622,073		$	133,270
Realized gain distributions		867,354			1,873,257			-			577,861
Net realized gains (losses)	$	5,360,007		$	4,377,778		$	7,622,073		$	711,131
Net unrealized appreciation (depreciation) on investments:
End of year	$	6,724,975		$	2,579,109		$	16,963,326		$	145,119
Beginning of year		10,855,034			6,261,339			15,656,609			705,845
Change in unrealized appreciation (depreciation)	$	(4,130,059	)	$	(3,682,230	)	$	1,306,717		$	(560,726	)
Realized and unrealized gains (losses)	$	1,229,948		$	695,548		$	8,928,790		$	150,405
Increase (Decrease) in net assets from operations	$	757,612		$	1,415,342		$	8,882,961		$	121,213

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	OP2			OP3			OP4			PHY
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	10,747		$	-		$	19,388		$	5,404,129
Mortality and expense risk charges		(84,819	)		(27,430)	)		(11,812	)		(1,120,391	)
Distribution and administrative expense charges		(10,178	)		(3,291	)		(1,417	)		(134,447	)
Net investment income (loss)	$	(84,250	)	$	(30,721	)	$	6,159		$	4,149,291
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	597,967		$	150,684		$	3,774		$	957,013
Realized gain distributions		198,876			481,599			65,380			-
Net realized gains (losses)	$	796,843		$	632,283		$	69,154		$	957,013
Net unrealized appreciation (depreciation) on investments:
End of year	$	550,986		$	(33,604	)	$	(20,821	)	$	(1,197,544	)
Beginning of year		837,354			560,729			37,692			2,518,923
Change in unrealized appreciation (depreciation)	$	(286,368	)	$	(594,333	)	$	(58,513	)	$	(3,716,467	)
Realized and unrealized gains (losses)	$	510,475		$	37,950		$	10,641		$	(2,759,454	)
Increase (Decrease) in net assets from operations	$	426,225		$	7,229		$	16,800		$	1,389,837
	PMB			PRR			PTR			RX1
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	3,509,456		$	769,515		$	5,083,511		$	10,840
Mortality and expense risk charges		(885,461	)		(224,327	)		(1,521,894	)		(12,764	)
Distribution and administrative expense charges		(106,255	)		(26,919	)		(182,627	)		(1,532	)
Net investment income (loss)	$	2,517,740		$	518,269		$	3,378,990		$	(3,456	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	1,178,701		$	(199,621	)	$	(778,999	)	$	162,658
Realized gain distributions		1,113,605			39,080			-			-
Net realized gains (losses)	$	2,292,306		$	(160,541	)	$	(778,999	)	$	162,658
Net unrealized appreciation (depreciation) on investments:
End of year	$	1,153,522		$	54,607		$	1,832,307		$	75,947
Beginning of year		3,569,613			(992,281	)		(2,635,969	)		226,045
Change in unrealized appreciation (depreciation)	$	(2,416,091	)	$	1,046,888		$	4,468,276		$	(150,098	)
Realized and unrealized gains (losses)	$	(123,785	)	$	886,347		$	3,689,277		$	12,560
Increase (Decrease) in net assets from operations	$	2,393,955		$	1,404,616		$	7,068,267		$	9,104

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	RX2			LCG			LGF			SC1
	Sub-Account			Sub-Account (b)			Sub-Account (b)			Sub-Account
Income and Expenses:
Dividend income	$	1,099		$	-		$	-		$	3,825,758
Mortality and expense risk charges		(15,586	)		(189,706	)		(69,180	)		(1,130,690	)
Distribution and administrative expense charges		(1,870	)		(22,765	)		(8,302	)		(135,683	)
Net investment income (loss)	$	(16,357	)	$	(212,471	)	$	(77,482	)	$	2,559,385
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	156,886		$	23,889		$	13,231		$	-
Realized gain distributions		-			48,078			17,990			-
Net realized gains (losses)	$	156,886		$	71,967		$	31,221		$	-
Net unrealized appreciation (depreciation) on investments:
End of year	$	139,210		$	387,843		$	123,432		$	-
Beginning of year		155,195			-			-			-
Change in unrealized appreciation (depreciation)	$	(15,985	)	$	387,843		$	123,432		$	-
Realized and unrealized gains (losses)	$	140,901		$	459,810		$	154,653		$	-
Increase (Decrease) in net assets from operations	$	124,544		$	247,339		$	77,171		$	2,559,385
	SC2			SC3			SC5			SC7
	Sub-Account			Sub-Account			Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	1,871,110		$	1,018,015		$	892,436		$	295,795
Mortality and expense risk charges		(489,326	)		(1,025,908	)		(1,150,689	)		(733,582	)
Distribution and administrative expense charges		(58,719	)		(123,109	)		(138,083	)		(88,030	)
Net investment income (loss)	$	1,323,065		$	(131,002	)	$	(396,336	)	$	(525,817	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sale of fund shares	$	(341,825	)	$	11,364,937		$	10,661,350		$	6,775,906
Realized gain distributions		-			8,477,712			13,500,910			-
Net realized gains (losses)	$	(341,825	)	$	19,842,649		$	24,162,260		$	6,775,906
Net unrealized appreciation (depreciation) on investments:
End of year	$	(1,022,983	)	$	(1,921,223	)	$	4,634,696		$	11,023,812
Beginning of year		(798,231	)		27,964,152			17,216,049			15,705,532
Change in unrealized appreciation (depreciation)	$	(224,752	)	$	(29,885,375	)	$	(12,581,353	)	$	(4,681,720	)
Realized and unrealized gains (losses)	$	(566,577	)	$	(10,042,726	)	$	11,580,907		$	2,094,186
Increase (Decrease) in net assets from operations	$	756,488		$	(10,173,728	)	$	11,184,571		$	1,568,369

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Operations - Year Ended December 31, 2007 - continued

	SCB			SCM
	Sub-Account			Sub-Account
Income and Expenses:
Dividend income	$	-		$	16,050
Mortality and expense risk charges		(1,105,804	)		(32,185	)
Distribution and administrative expense charges		(132,697	)		(3,862	)
Net investment income (loss)	$	(1,238,501	)	$	(19,997	)
Realized and Unrealized gains (losses):
Realized gains (losses) on investment transactions:
Realized gains (losses) on sales of fund shares	$	5,652,988		$	71,398
Realized gain distributions		8,696,128			119,023
Net realized gains (losses)	$	14,349,116		$	190,421
Net unrealized appreciation (depreciation) on investments:
End of year	$	(2,258,532	)	$	(163,064	)
Beginning of year		12,215,114			158,422
Change in unrealized appreciation (depreciation)	$	(14,473,646	)	$	(321,486	)
Realized and unrealized gains (losses)	$	(124,530	)	$	(131,065	)
Increase (Decrease) in net assets from operations	$	(1,363,031	)	$	(151,062	)

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets

	AG3						AI1						AI3						AI4						AI7
	Sub-Account						Sub-Account						Sub-Account						Sub-Account						Sub-Account
	Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2007			2006			2007			2006			2007			2006			2007			2006			2007			2006
Operations:
Net investment income (loss)	$	(5,038	)	$	(6,292	)	$	(649,941	)	$	(581,716	)	$	(142,876	)	$	(291,202	)	$	(390,671	)	$	(166,319	)	$	(27,198	)	$	(28,670	)
Net realized gains (losses)		65,285			49,003			4,145,520			1,227,163			2,109,688			297,659			7,214,224			4,344,989			125,784			78,862
Net unrealized gains (losses)		(29,009	)		23,822			1,066,492			(175,750	)		113,910			4,392,076			(2,383,282	)		4,103,361			42,739			(31,787	)
Increase (Decrease) in net assets from operations	$	31,238		$	66,533		$	4,562,071		$	469,697		$	2,080,722		$	4,398,533		$	4,440,271		$	8,282,031		$	141,325		$	18,405
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	1,497		$	1,283		$	337,581		$	421,519		$	322,472		$	507,261		$	514,568		$	203,124		$	9,032		$	6,803
Net transfers between Sub-Accounts and
Fixed Account		(46,761	)		198,962			(2,449,115	)		25,688,175			(2,581,805	)		2,641,356			(246,425	)		(1,288,450	)		(396,466	)		857,820
Withdrawals, surrenders, annuitizations and
contract charges		(143,812	)		(119,516	)		(9,838,361	)		(6,743,370	)		(5,427,876	)		(4,571,367	)		(8,292,131	)		(4,612,894	)		(220,199	)		(59,133	)
Net accumulation activity	$	(189,076	)	$	80,729		$	(11,949,895	)	$	19,366,324		$	(7,687,209	)	$	(1,422,750	)	$	(8,023,988	)	$	(5,698,220	)	$	(607,633	)	$	805,490
Annuitization Activity:
Annuitizations	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Annuity payments and contract charges		-			-			(21,131	)		(9,933	)		(6,484	)		(10,462	)		(18,943	)		(15,312	)		(2,086	)		(1,650	)
Net transfers between Sub-Accounts		-			-			-			-			-			-			-			-			-			-
Adjustments to annuity reserves		-			-			(1,406	)		4,990			(1,271	)		(1,209	)		(8,475	)		(4,040	)		(675	)		(1,388	)
Net annuitization activity	$	-		$	-		$	(22,537	)	$	(4,943	)	$	(7,755	)	$	(11,671	)	$	(27,418	)	$	(19,352	)	$	(2,761	)	$	(3,038	)
Increase (Decrease) in net assets from participant
owner transactions	$	(189,076	)	$	80,729		$	(11,972,432	)	$	19,361,381		$	(7,694,964	)	$	(1,434,421	)	$	(8,051,406	)	$	(5,717,572	)	$	(610,394	)	$	802,452
Increase (Decrease) in net assets	$	(157,838	)	$	147,262		$	(7,410,361	)	$	19,831,078		$	(5,614,242	)	$	2,964,112		$	(3,611,135	)	$	2,564,459		$	(469,069	)	$	820,857
Net Assets:
Beginning of year	$	549,178		$	401,916		$	47,213,535		$	27,382,457		$	33,126,454		$	30,162,342		$	36,793,247		$	34,228,788		$	1,808,908		$	988,051
End of year	$	391,340		$	549,178		$	39,803,174		$	47,213,535		$	27,512,212		$	33,126,454		$	33,182,112		$	36,793,247		$	1,339,839		$	1,808,908
Unit Transactions:
Beginning of year		38,485			33,532			5,389,199			3,329,705			3,451,306			3,571,932			2,694,506			3,163,208			141,340			80,171
Purchased		94			93			37,708			53,431			29,322			62,695			35,222			17,669			555			494
Transferred between Sub-Accounts and Fixed
Accumulation Account		(2,861	)		14,240			(284,270	)		2,761,814			(286,537	)		322,404			(13,785	)		(112,178	)		(34,877	)		65,151
Withdrawn, Surrendered, and Annuitized		(10,699	)		(9,380	)		(1,006,380	)		(755,751	)		(509,967	)		(505,725	)		(547,898	)		(374,193	)		(17,514	)		(4,476	)
End of year		25,019			38,485			4,136,257			5,389,199			2,684,124			3,451,306			2,168,045			2,694,506			89,504			141,340

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	AI8						ASC					IV1						IV2						SGI
	Sub-Account						Sub-Account					Sub-Account						Sub-Account						Sub-Account
	Year Ended			Year Ended			Period Ended			Year Ended		Year Ended			Year Ended			Period Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,		December 31,			December 31,			April 30,			December 31,			December 31,			December 31,
	2007			2006			2007 (b)			2006		2007			2006			2007 (a)			2006			2007			2006
Operations:
Net investment income (loss)	$	(14,920	)	$	(9,904	)	$	(43,978	)	$	-	$	(47,223	)	$	(35,750	)	$	(24,715	)	$	(67,942	)	$	(2,864,982	)	$	8,519,526
Net realized gains (losses)		235,156			225,006			131,865			-		488,603			342,942			1,332,113			354,553			14,406,585			61,661,257
Net unrealized gains (losses)		(82,059	)		39,199			(129,798	)		-		(133,498	)		69,087			(974,671	)		209,989			(451,664	)		(34,426,245	)
Increase (Decrease) in net assets from
operations	$	138,177		$	254,301		$	(41,911	)	$	-	$	307,882		$	376,279		$	332,727		$	496,600		$	11,089,939		$	35,754,538
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	47		$	9,582		$	64,807		$	-	$	24,664		$	37,353		$	15,439		$	24,242		$	2,186,250		$	2,327,977
Net transfers between Sub-Accounts and
Fixed Account		(26,985	)		69,298			4,520,767			-		66,986			1,110,219			(5,218,522	)		1,216,329			2,230,360			(8,426,715	)
Withdrawals, surrenders, annuitizations and		-			-			-			-		-			-			-			-			-			-
contract charges		(331,989	)		(126,564	)		(482,004	)		-		(583,403	)		(331,202)			(238,198	)		(426,641	)		(33,629,801	)		(18,295,334	)
Net accumulation activity	$	(358,927	)	$	(47,684	)	$	4,103,570		$	-	$	(491,753	)	$	816,370		$	(5,441,281	)	$	813,930		$	(29,213,191	)	$	(24,394,072	)
Annuitization Activity:
Annuitizations	$	-		$	-		$	-		$	-	$	-		$	-		$	-		$	-		$	16,333		$	5,470
Annuity payments and contract charges		-			-			-			-		(1,213	)		(125	)		-			-			(31,237	)		(25,667	)
Net transfers between Sub-Accounts		-			-			-			-		-			-			-			-			-			-
Adjustments to annuity reserves		-			-			-			-		903			(336	)		-			-			5,794			3,518
Net annuitization activity	$	-		$	-		$	-		$	-	$	(310	)	$	(461	)	$	-		$	-		$	(9,110	)	$	(16,679	)
Increase (Decrease) in net assets from participant
owner transactions	$	(358,927	)	$	(47,684	)	$	4,103,570		$	-	$	(492,063	)	$	815,909		$	(5,441,281	)	$	813,930		$	(29,222,301	)	$	(24,410,751	)
Increase (Decrease) in net assets	$	(220,750	)	$	206,617		$	4,061,659		$	-	$	(184,181	)	$	1,192,188		$	(5,108,554	)	$	1,310,530		$	(18,132,362	)	$	11,343,787
Net Assets:
Beginning of year	$	1,109,606		$	902,989		$	-		$	-	$	3,280,686		$	2,088,498		$	5,108,554		$	3,798,024		$	177,893,783		$	166,549,996
End of year	$	888,856		$	1,109,606		$	4,061,659		$	-	$	3,096,505		$	3,280,686		$	-		$	5,108,554		$	159,761,421		$	177,893,783
Unit Transactions:
Beginning of year		53,726			55,782			-			-		301,975			212,624			456,882			375,781			5,849,760			6,745,856
Purchased		7			524			6,518			-		2,306			3,948			1,440			2,216			68,130			84,311
Transferred between Sub-Accounts and Fixed
Accumulation Account		(1,153)			3,725			452,560			-		3,899			119,228			(436,655	)		121,212			89,712			(321,860	)
Withdrawn, Surrendered, and Annuitized		(15,391	)		(6,305	)		(47,907	)		-		(51,355	)		(33,825	)		(21,667	)		(42,327	)		(1,047,847	)		(658,547	)
End of year		37,189			53,726			411,171			-		256,825			301,975			-			456,882			4,959,755			5,849,760

(a) Sub-Account closed on April 30, 2007.

(b) For the period April 30, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	AL1				AL2				AL3				AN1				AN2
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended
	April 30,		December 31,		December 31,		December 31,		December 31,		December 31,		April 30,		December 31,		December 31,		December 31,
	2007 (a)		2006		2007		2006		2007		2006		2007 (a)		2006		2007		2006
Operations:
Net investment income (loss)	$	(123,172)	$	(403,453)	$	(113,158)	$	(26,820)	$	(88,363)	$	(97,399)	$	(41,314)	$	(157,816)	$	(27,522)	$	(28,965)
Net realized gains (losses)		4,379,339		(1,266,944)		134,255		(852,448)		924,917		528,390		1,598,619		1,137,201		233,003		136,798
Net unrealized gains (losses)		(2,464,939)		2,474,634		1,452,317		2,095,235		87,143		700,676		(1,205,167)		(1,507,595)		27,731		(2,621)
Increase (Decrease) in net assets from operations	$	1,791,228	$	804,237	$	1,473,414	$	1,215,967	$	923,697	$	1,131,667	$	352,138	$	(528,210)	$	233,212	$	105,212
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	319,573	$	280,971	$	65,746	$	305,107	$	167,130	$	1,124	$	110,235	$	131,771	$	39,551	$	8,097
Net transfers between Sub-Accounts and
Fixed Account		(26,915,286)		(4,659,019)		(1,058,027)		(1,509,450)		(269,721)		(930,852)		(8,447,534)		(2,210,201)		591,868		(275,687)
Withdrawals, surrenders, annuitizations and contract charges		(1,887,687)		(4,328,401)		(3,442,242)		(3,307,113)		(1,740,509)		(1,005,075)		(500,283)		(1,338,274)		(351,633)		(276,589)
Net accumulation activity	$	(28,483,400)	$	(8,706,449)	$	(4,434,523)	$	(4,511,456)	$	(1,843,100)	$	(1,934,803)	$	(8,837,582)	$	(3,416,704)	$	279,786	$	(544,179)
Annuitization Activity:
Annuitizations
Annuity payments and contract charges		(1,885)		(5,426)		(4,108)		(3,690)		(11,600)		(10,581)		(5,147)		(6,083)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		3,237		(44,845)		(2,948)		(223,441)		(1,448)		(1,592)		482		(482)		-		-
Net annuitization activity	$	1,352	$	(50,271)	$	(7,056)	$	(227,131)	$	(13,048)	$	18,404	$	(4,665)	$	19,612	$	-	$	-
Increase (Decrease) in net assets from participant
owner transactions	$	(28,482,048)	$	(8,756,720)	$	(4,441,579)	$	(4,738,587)	$	(1,856,148)	$	(1,916,399)	$	(8,842,247)	$	(3,397,092)	$	279,786	$	(544,179)
Increase (Decrease) in net assets	$	(26,690,820)	$	(7,952,483)	$	(2,968,165)	$	(3,522,620)	$	(932,451)	$	(784,732)	$	(8,490,109)	$	(3,925,302)	$	512,998	$	(438,967)
Net Assets:		-		-		-		-		-		-		-		-		-		-
Beginning of year	$	26,690,820	$	34,643,303	$	17,905,300	$	21,427,920	$	6,394,042	$	7,178,774	$	8,490,109	$	12,415,411	$	1,664,293	$	2,103,260
End of year	$	-	$	26,690,820	$	14,937,135	$	17,905,300	$	5,461,591	$	6,394,042	$	-	$	8,490,109	$	2,177,291	$	1,664,293
Unit Transactions:
Beginning of year		2,983,599		4,056,460		1,757,863		2,233,544		633,958		831,703		965,443		1,388,649		205,629		281,537
Purchased		34,590		28,205		6,319		36,575		15,865		125		12,692		15,049		5,030		1,075
Transferred between Sub-Accounts and Fixed
Accumulation Account		(2,826,110)		(636,277)		(95,999)		(167,624)		(22,726)		(96,084)		(920,475)		(282,901)		62,640		(37,204)
Withdrawn, Surrendered, and Annuitized		(192,079)		(464,789)		(297,398)		(344,632)		(157,479)		(101,786)		(57,660)		(155,354)		(40,780)		(39,779)
End of year		-		2,983,599		1,370,785		1,757,863		469,618		633,958		-		965,443		232,519		205,629

(a) Sub-Account closed on April 30, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	AN3				AN4				AN5				CS1				CS2
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(116,493)	$	(119,399)	$	(35,908)	$	(130,368)	$	(34,906)	$	(42,958)	$	3,932	$	(15,878)	$	(1,687)	$	(1,899)
Net realized gains (losses)		5,604,317		5,155,115		8,437,091		2,061,879		238,939		306,259		714,563		375,458		52,181		45,121
Net unrealized gains (losses)		(4,385,328)		(20,758)		(5,695,118)		1,280,043		52,324		(5,274)		(74,191)		100,286		12,334		32,886
Increase (Decrease) in net assets from operations	$	1,102,496	$	5,014,958	$	2,706,065	$	3,211,554	$	256,357	$	258,027	$	644,304	$	459,866	$	62,828	$	76,108
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	643,312	$	562,640	$	160,319	$	81,306	$	26,161	$	36,990	$	15,719	$	-	$	(5)	$	-
Net transfers between Sub-Accounts and Fixed Account		(1,475,790)		(4,155,393)		2,615,008		4,564,469		67,270		(485,693)		439,025		711,114		971		36,785
Withdrawals, surrenders, annuitizations and contract charges		(6,857,085)		(4,437,619)		(4,081,625)		(1,658,015)		(456,216)		(304,973)		(450,875)		(339,735)		(95,331)		(204,875)
Net accumulation activity	$	(7,689,563)	$	(8,030,372)	$	(1,306,298)	$	2,987,760	$	(362,785)	$	(753,676)	$	3,869	$	371,379	$	(94,365)	$	(168,090)
Annuitization Activity:
Annuitizations
Annuity payments and contract charges		(955)		(666)		(8,542)		(9,306)		(573)		(1,836)		(9,806)		(6,305)		(175)		(153)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(159)		(541)		(1,643)		(885)		(1,058)		(4,835)		(1,529)		(1,355)		(25)		(24)
Net annuitization activity	$	(1,114)	$	(1,207)	$	(10,185)	$	(1,836)	$	(1,631)	$	(6,671)	$	(11,335)	$	(7,660)	$	(200)	$	(177)
Increase (Decrease) in net assets from participant
Owner transactions	$	(7,690,677)	$	(8,031,579)	$	(1,316,483)	$	2,985,924	$	(364,416)	$	(760,347)	$	(7,466)	$	363,719	$	(94,565)	$	(168,267)
Increase (Decrease) in net assets	$	(6,588,181)	$	(3,016,621)	$	1,389,582	$	6,197,478	$	(108,059)	$	(502,320)	$	636,838	$	823,585	$	(31,737)	$	(92,159)
Net Assets:
Beginning of year	$	35,472,949	$	38,489,570	$	17,708,984	$	11,511,506	$	2,621,300	$	3,123,620	$	2,406,743	$	1,583,158	$	447,024	$	539,183
End of year	$	28,884,768	$	35,472,949	$	19,098,566	$	17,708,984	$	2,513,241	$	2,621,300	$	3,043,581	$	2,406,743	$	415,287	$	447,024
Unit Transactions:
Beginning of year		2,886,467		3,615,241		837,640		679,808		216,018		278,179		91,812		81,847		33,808		47,318
Purchased		50,351		49,029		7,176		4,177		2,079		1,921		519		-		-		-
Transferred between Sub-Accounts and Fixed
Accumulation Account		(119,913)		(383,142)		107,698		241,536		(3,638)		(40,138)		12,499		27,743		(149)		3,398
Withdrawn, Surrendered, and Annuitized		(543,975)		(394,661)		(176,364)		(87,881)		(33,664)		(23,944)		(14,853)		(17,778)		(6,140)		(16,908)
End of year		2,272,930		2,886,467		776,150		837,640		180,795		216,018		89,977		91,812		27,519		33,808

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	CS3				CS4				FL1				FL2				FL3
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(6,598)	$	(6,322)	$	(19,054)	$	(21,500)	$	(451,958)	$	(275,909)	$	139,168	$	(80,966)	$	(794,282)	$	(941,088)
Net realized gains (losses)		24,190		21,150		72,805		118,640		19,016,924		8,269,049		2,132,526		1,268,882		9,071,889		2,910,123
Net unrealized gains (losses)		(43,180)		39,184		(76,431)		(41,883)		(10,885,296)		(3,415,531)		(853,508)		227,489		6,640,180		1,187,112
Increase (Decrease) in net assets from operations	$	(25,588)	$	54,012	$	(22,680)	$	55,257	$	7,679,670	$	4,577,609	$	1,418,186	$	1,415,405	$	14,917,787	$	3,156,147
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	3	$	299	$	14,901	$	11,205	$	606,546	$	489,044	$	59,971	$	113,122	$	742,494	$	940,836
Net transfers between Sub-Accounts and Fixed Account		(25,199)		80,837		30,316		(110,670)		2,361,590		6,806,444		673,943		446,205		(7,420,650)		5,708,899
Withdrawals, surrenders, annuitizations and contract charges		(109,584)		(92,812)		(190,473)		(287,966)		(9,917,594)		(5,160,520)		(1,663,807)		(1,465,047)		(13,117,374)		(8,023,181)
Net accumulation activity	$	(134,780)	$	(11,676)	$	(145,256)	$	(387,431)	$	(6,949,458)	$	2,134,968	$	(929,893)	$	(905,720)	$	(19,795,530)	$	(1,373,446)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	10,540	$	-	$	-	$	6,725	$	-
Annuity payments and contract charges		(1,336)		(1,259)		(219)		(221)		(3,385)		(3,593)		(2,781)		(1,569)		(7,034)		(5,756)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		8		(616)		(28)		(52)		(60)		(1,382)		(1,769)		(86)		(4,198)		823
Net annuitization activity	$	(1,328)	$	(1,875)	$	(247)	$	(273)	$	(3,445)	$	5,565	$	(4,550)	$	(1,655)	$	(4,507)	$	(4,933)
Increase (Decrease) in net assets from participant
owner transactions	$	(136,108)	$	(13,551)	$	(145,503)	$	(387,704)	$	(6,952,903)	$	2,140,533	$	(934,443)	$	(907,375)	$	(19,800,037)	$	(1,378,379)
Increase (Decrease) in net assets	$	(161,696)	$	40,461	$	(168,183)	$	(332,447)	$	726,767	$	6,718,142	$	483,743	$	508,030	$	(4,882,250)	$	1,777,768
Net Assets:
Beginning of year	$	488,220	$	447,759	$	1,391,167	$	1,723,614	$	52,495,890	$	45,777,748	$	9,879,973	$	9,371,943	$	67,154,752	$	65,376,984
End of year	$	326,524	$	488,220	$	1,222,984	$	1,391,167	$	53,222,657	$	52,495,890	$	10,363,716	$	9,879,973	$	62,272,502	$	67,154,752
Unit Transactions:
Beginning of year		35,748		36,326		124,946		159,999		3,375,023		3,226,194		711,657		786,753		7,077,916		7,227,275
Purchased		-		67		1,137		1,041		35,750		31,982		4,108		9,356		70,419		101,038
Transferred between Sub-Accounts and Fixed
Accumulation Account		(2,985)		6,950		3,591		(9,127)		137,196		465,999		40,880		30,863		(648,455)		640,292
Withdrawn, Surrendered, and Annuitized		(7,655)		(7,595)		(16,820)		(26,967)		(587,418)		(349,152)		(109,876)		(115,315)		(1,275,472)		(890,689)
End of year		25,108		35,748		112,854		124,946		2,960,551		3,375,023		646,769		711,657		5,224,408		7,077,916

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	FTG				FTI				GS2				GS3				GS4
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(16,970)	$	(23,917)	$	43,630	$	(22,924)	$	(53,542)	$	(54,109)	$	(70,675)	$	(60,488)	$	13,804	$	29,821
Net realized gains (losses)		1,278,000		712,366		1,611,835		601,120		366,097		947,416		1,772,835		531,536		1,671,393		974,112
Net unrealized gains (losses)		(1,188,962)		742,011		(589,751)		885,972		(1,121,096)		(314,708)		(2,032,294)		1,068,166		(1,670,541)		393,215
Increase (Decrease) in net assets from operations	$	72,068	$	1,430,460	$	1,065,714	$	1,464,168	$	(808,541)	$	578,599	$	(330,134)	$	1,539,214	$	14,656	$	1,397,148
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	32,993	$	58,982	$	110,931	$	73,097	$	104,772	$	1,407	$	76,862	$	62,504	$	43,444	$	53,821
Net transfers between Sub-Accounts and Fixed Account		305,290		1,402,048		(959,464)		2,248,512		(607,436)		(595,295)		73,569		288,515		(26,668)		1,968,066
Withdrawals, surrenders, annuitizations and contract charges		(1,954,017)		(615,858)		(1,873,083)		(863,957)		(1,165,124)		(1,021,465)		(3,010,183)		(2,368,953)		(1,419,966)		(1,561,076)
Net accumulation activity	$	(1,615,734)	$	845,172	$	(2,721,616)	$	1,457,652	$	(1,667,788)	$	(1,615,353)	$	(2,859,752)	$	(2,017,934)	$	(1,403,190)	$	460,811
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(641)		(1,160)		(2,402)		(867)		(1,318)		(1,359)		(13,424)		(15,004)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		101		(443)		(3,466)		(380)		915		(1,025)		(94)		(123,471)		(1)		(1)
Net annuitization activity	$	(540)	$	(1,603)	$	(5,868)	$	(1,247)	$	(403)	$	(2,384)	$	(13,518)	$	(138,475)	$	(1)	$	(1)
Increase (Decrease) in net assets from participant
owner transactions	$	(1,616,274)	$	843,569	$	(2,727,484)	$	1,456,405	$	(1,668,191)	$	(1,617,737)	$	(2,873,270)	$	(2,156,409)	$	(1,403,191)	$	460,810
Increase (Decrease) in net assets	$	(1,544,206)	$	2,274,029	$	(1,661,770)	$	2,920,573	$	(2,476,732)	$	(1,039,138)	$	(3,203,404)	$	(617,195)	$	(1,388,535)	$	1,857,958
Net Assets:
Beginning of year	$	9,015,857	$	6,741,828	$	9,262,053	$	6,341,480	$	5,732,748	$	6,771,886	$	14,346,228	$	14,963,423	$	8,533,304	$	6,675,346
End of year	$	7,471,651	$	9,015,857	$	7,600,283	$	9,262,053	$	3,256,016	$	5,732,748	$	11,142,824	$	14,346,228	$	7,144,769	$	8,533,304
Unit Transactions:
Beginning of year		445,167		400,641		448,566		369,103		315,753		412,887		1,208,918		1,374,302		627,538		598,426
Purchased		1,610		3,251		4,933		3,901		6,086		80		6,936		5,690		3,329		4,616
Transferred between Sub-Accounts and Fixed
Accumulation Account		15,879		74,533		(46,523)		121,346		(34,068)		(40,594)		7,030		30,902		879		154,295
Withdrawn, Surrendered, and Annuitized		(94,619)		(33,258)		(83,704)		(45,784)		(65,467)		(56,620)		(242,229)		(201,976)		(102,228)		(129,799)
End of year		368,037		445,167		323,272		448,566		222,304		315,753		980,655		1,208,918		529,518		627,538

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	GS5				GS7				JP1				JP2				JP3
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(19,835)	$	12,794	$	(45,392)	$	(42,721)	$	(21,862)	$	(32,816)	$	(13,091)	$	(16,506)	$	(69,703)	$	(85,820)
Net realized gains (losses)		1,805,321		486,860		319,942		153,176		144,525		(186,004)		616,426		454,680		630,237		572,883
Net unrealized gains (losses)		(1,282,997)		1,090,264		2,129		110,638		(57,557)		1,301,359		(282,619)		371,505		(827,689)		203,558
Increase (Decrease) in net assets from operations	$	502,489	$	1,589,918	$	276,679	$	221,093	$	65,106	$	1,082,539	$	320,716	$	809,679	$	(267,155)	$	690,621
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	66,449	$	114,949	$	34,075	$	28,131	$	335,862	$	92,909	$	78,266	$	2,836	$	60,110	$	24,193
Net transfers between Sub-Accounts and Fixed Account		(434,086)		(246,258)		370,633		282,650		(133,671)		149,698		(394,491)		(123,696)		(155,245)		(485,223)
Withdrawals, surrenders, annuitizations and contract charges		(2,030,820)		(931,393)		(947,515)		(268,632)		(2,126,546)		(2,215,113)		(910,292)		(640,016)		(1,181,635)		(855,381)
Net accumulation activity	$	(2,398,457)	$	(1,062,702)	$	(542,807)	$	42,149	$	(1,924,355)	$	(1,972,506)	$	(1,226,517)	$	(760,876)	$	(1,276,770)	$	(1,316,411)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(3,620)		(3,215)		(301)		-		(4,566)		(4,173)		(1,596)		(1,424)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(824)		(1,221)		(5,319)		-		(673)		(90,065)		(407)		(670)		105		(242)
Net annuitization activity	$	(4,444)	$	(4,436)	$	(5,620)	$	-	$	(5,239)	$	(94,238)	$	(2,003)	$	(2,094)	$	105	$	(242)
Increase (Decrease) in net assets from participant
owner transactions	$	(2,402,901)	$	(1,067,138)	$	(548,427)	$	42,149	$	(1,929,594)	$	(2,066,744)	$	(1,228,520)	$	(762,970)	$	(1,276,665)	$	(1,316,653)
Increase (Decrease) in net assets	$	(1,900,412)	$	522,780	$	(271,748)	$	263,242	$	(1,864,488)	$	(984,205)	$	(907,804)	$	46,709	$	(1,543,820)	$	(626,032)
Net Assets:
Beginning of year	$	8,919,823	$	8,397,043	$	3,291,217	$	3,027,975	$	7,746,304	$	8,730,509	$	4,337,554	$	4,290,845	$	5,336,837	$	5,962,869
End of year	$	7,019,411	$	8,919,823	$	3,019,469	$	3,291,217	$	5,881,816	$	7,746,304	$	3,429,750	$	4,337,554	$	3,793,017	$	5,336,837
Unit Transactions:
Beginning of year		688,435		771,158		330,345		326,430		735,943		940,914		340,519		400,367		366,045		458,734
Purchased		4,993		10,216		3,453		2,633		33,333		8,708		5,548		277		4,459		1,963
Transferred between Sub-Accounts and Fixed
Accumulation Account		(32,865)		(16,426)		35,521		28,246		(9,466)		17,211		(31,009)		(8,520)		(11,265)		(35,347)
Withdrawn, Surrendered, and Annuitized		(148,873)		(76,513)		(92,065)		(26,964)		(199,540)		(230,890)		(67,387)		(51,605)		(78,047)		(59,305)
End of year		511,690		688,435		277,254		330,345		560,270		735,943		247,671		340,519		281,192		366,045

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	LCI				LMI				SB1				SB2				SB3
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Period Ended		Year Ended		Period Ended		Year Ended		Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		April 30,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007 (b)		2006		2007 (b)		2006		2007 (a)		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	6,462	$	-	$	1,215	$	-	$	(697)	$	(1,495)	$	(748)	$	617	$	56,136	$	80,281
Net realized gains (losses)		288,743		-		23,680		-		90,047		153,271		24,415		44,070		(15,561)		28,042
Net unrealized gains (losses)		(290,405)		-		(52,738)		-		(63,190)		(57,135)		(10,414)		44,004		(28,393)		(31,261)
Increase (Decrease) in net assets from operations	$	4,800	$	-	$	(27,843)	$	-	$	26,160	$	94,641	$	13,253	$	88,691	$	12,182	$	77,062
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	1,600	$	-	$	10	$	-	$	-	$	1,500	$	1	$	-	$	(8)	$	-
Net transfers between Sub-Accounts and Fixed Account		2,171,362		-		572,648		-		(511,867)		(21,796)		35,766		(5,377)		(143,646)		(18,988)
Withdrawals, surrenders, annuitizations and contract charges		(390,874)		-		(34,212)		-		(38,441)		(244,657)		(23,461)		(117,829)		(328,655)		(888,145)
Net accumulation activity	$	1,782,088	$	-	$	538,446	$	-	$	(550,308)	$	(264,953)	$	12,306	$	(123,206)	$	(472,309)	$	(907,133)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(691)		-		-		-		-		-		-		-		(1,637)		(1,628)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(1,002)		-		-		-		-		-		-		-		(430)		(559)
Net annuitization activity	$	(1,693)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(2,067)	$	(2,187)
Increase (Decrease) in net assets from participant
owner transactions	$	1,780,395	$	-	$	538,446	$	-	$	(550,308)	$	(264,953)	$	12,306	$	(123,206)	$	(474,376)	$	(909,320)
Increase (Decrease) in net assets	$	1,785,195	$	-	$	510,603	$	-	$	(524,148)	$	(170,312)	$	25,559	$	(34,515)	$	(462,194)	$	(832,258)
Net Assets:
Beginning of year	$	-	$	-	$	-	$	-	$	524,148	$	694,460	$	548,234	$	582,749	$	2,095,175	$	2,927,433
End of year	$	1,785,195	$	-	$	510,603	$	-	$	-	$	524,148	$	573,793	$	548,234	$	1,632,981	$	2,095,175
Unit Transactions:
Beginning of year		-		-		-		-		26,478		40,865		34,312		42,537		134,982		196,147
Purchased		159		-		-		-		-		86		-		-		-		-
Transferred between Sub-Accounts and Fixed
Accumulation Account		215,466		-		57,184		-		(24,578)		(731)		2,174		(257)		(10,430)		(1,305)
Withdrawn, Surrendered, and Annuitized		(38,795)		-		(3,471)		-		(1,900)		(13,742)		(1,437)		(7,968)		(20,303)		(59,860)
End of year		176,830		-		53,713		-		-		26,478		35,049		34,312		104,249		134,982

(a) Sub-Account closed on April 30, 2007.

(b) For the period April 30, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	SB4				LA1				LA2				LA3				CAS
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Period Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	April 30,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007 (a)		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	7,642	$	13,846	$	(736,986)	$	(564,391)	$	(1,200,589)	$	(1,142,827)	$	(59,777)	$	(78,293)	$	(96,427)	$	(113,811)
Net realized gains (losses)		307,721		177,212		23,678,538		13,268,797		22,422,526		15,935,512		1,601,487		1,958,272		269,734		(323,376)
Net unrealized gains (losses)		(254,736)		62,493		(19,057,392)		13,357,598		(21,050,872)		(4,247,056)		(1,298,249)		(318,478)		552,895		822,385
Increase (Decrease) in net assets from operations	$	60,627	$	253,551	$	3,884,160	$	26,062,004	$	171,065	$	10,545,629	$	243,461	$	1,561,501	$	726,202	$	385,198
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	800	$	59,796	$	2,418,905	$	1,979,879	$	1,344,155	$	1,250,580	$	30,899	$	32,973	$	22,693	$	56,555
Net transfers between Sub-Accounts and Fixed Account		(2,119,473)		(13,858)		(3,324,517)		(1,089,258)		(790,932)		(1,291,948)		281,250		1,923,111		(1,085,355)		(541,101)
Withdrawals, surrenders, annuitizations and contract charges		(199,328)		(1,301,008)		(34,328,994)		(22,836,123)		(19,404,174)		(11,849,052)		(1,812,303)		(710,785)		(1,691,228)		(1,762,493)
Net accumulation activity	$	(2,318,001)	$	(1,255,070)	$	(35,234,606)	$	(21,945,502)	$	(18,850,951)	$	(11,890,420)	$	(1,500,154)	$	1,245,299	$	(2,753,890)	$	(2,247,039)
Annuitization Activity:
Annuitizations	$	-	$	-	$	6,642	$	-	$	9,487	$	7,688	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(339)		(969)		(20,416)		(28,196)		(17,223)		(17,802)		(3,202)		(2,895)		(4,675)		(4,376)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		1,500		(196)		5,547		(1,321)		2,621		842		(2,295)		(205)		(893)		(19,729)
Net annuitization activity	$	1,161	$	(1,165)	$	(8,227)	$	(29,517)	$	(5,115)	$	(9,272)	$	(5,497)	$	(3,100)	$	(5,568)	$	(24,105)
Increase (Decrease) in net assets from participant
owner transactions	$	(2,316,840)	$	(1,256,235)	$	(35,242,833)	$	(21,975,019)	$	(18,856,066)	$	(11,899,692)	$	(1,505,651)	$	1,242,199	$	(2,759,458)	$	(2,271,144)
Increase (Decrease) in net assets	$	(2,256,213)	$	(1,002,684)	$	(31,358,673)	$	4,086,985	$	(18,685,001)	$	(1,354,063)	$	(1,262,190)	$	2,803,700	$	(2,033,256)	$	(1,885,946)
Net Assets:
Beginning of year	$	2,256,213	$	3,258,897	$	183,726,953	$	179,639,968	$	106,667,041	$	108,021,104	$	8,172,419	$	5,368,719	$	8,688,269	$	10,574,215
End of year	$	-	$	2,256,213	$	152,368,280	$	183,726,953	$	87,982,040	$	106,667,041	$	6,910,229	$	8,172,419	$	6,655,013	$	8,688,269
Unit Transactions:
Beginning of year		167,669		269,408		12,077,052		13,621,201		6,489,218		7,264,902		463,713		389,684		1,151,127		1,463,097
Purchased		60		4,851		151,775		140,454		76,433		80,799		1,693		1,606		3,025		9,820
Transferred between Sub-Accounts and Fixed
Accumulation Account		(152,890)		(1,315)		(208,935)		(81,862)		(42,629)		(78,341)		10,418		118,536		(132,913)		(83,569)
Withdrawn, Surrendered, and Annuitized		(14,839)		(105,275)		(2,190,081)		(1,602,741)		(1,141,024)		(778,142)		(95,960)		(46,113)		(211,405)		(238,221)
End of year		-		167,669		9,829,811		12,077,052		5,381,998		6,489,218		379,864		463,713		809,834		1,151,127

(a) Sub-Account closed on April 30, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	EGS				GSS				HYS				M1A				M1B
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(243,071)	$	(273,382)	$	849,350	$	1,024,807	$	1,011,949	$	1,265,120	$	(682,114)	$	(718,405)	$	(124,049)	$	(142,226)
Net realized gains (losses)		1,756,359		411,427		(741,656)		(808,880)		17,053		(9,358)		4,970,677		3,428,779		486,841		264,941
Net unrealized gains (losses)		1,475,225		984,026		1,203,300		331,595		(885,440)		284,345		(3,617,659)		1,896,279		461,611		369,911
ncrease (Decrease) in net assets from operations	$	2,988,513	$	1,122,071	$	1,310,994	$	547,522	$	143,562	$	1,540,107	$	670,904	$	4,606,653	$	824,403	$	492,626
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	180,851	$	112,764	$	385,849	$	272,035	$	299,832	$	166,226	$	462,721	$	727,123	$	82,841	$	107,908
Net transfers between Sub-Accounts and Fixed Account		(967,951)		(2,091,941)		34,524		(2,110,263)		(1,261,784)		(145,029)		(199,405)		(972,736)		(609,147)		(284,559)
Withdrawals, surrenders, annuitizations and contract charges		(4,472,866)		(2,909,970)		(5,797,358)		(5,082,558)		(4,138,583)		(3,018,402)		(7,415,820)		(4,848,506)		(943,400)		(956,385)
Net accumulation activity	$	(5,259,966)	$	(4,889,147)	$	(5,376,985)	$	(6,920,786)	$	(5,100,535)	$	(2,997,205)	$	(7,152,504)	$	(5,094,119)	$	(1,469,706)	$	(1,133,036)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	6,674	$	-	$	-	$	-
Annuity payments and contract charges		(13,804)		(11,437)		(10,327)		(10,240)		(11,603)		(11,149)		(6,669)		(5,038)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(7,506)		(34,758)		(630)		(522)		(1,031)		(1,984)		1,831		1,491		-		-
Net annuitization activity	$	(21,310)	$	(46,195)	$	(10,957)	$	(10,762)	$	(12,634)	$	(13,133)	$	1,836	$	(3,547)	$	-	$	-
Increase (Decrease) in net assets from participant owner
transactions	$	(5,281,276)	$	(4,935,342)	$	(5,387,942)	$	(6,931,548)	$	(5,113,169)	$	(3,010,338)	$	(7,150,668)	$	(5,097,666)	$	(1,469,706)	$	(1,133,036)
Increase (Decrease) in net assets	$	(2,292,763)	$	(3,813,271)	$	(4,076,948)	$	(6,384,026)	$	(4,969,607)	$	(1,470,231)	$	(6,479,764)	$	(491,013)	$	(645,303)	$	(640,410)
Net Assets:
Beginning of year	$	17,551,250	$	21,364,521	$	26,226,294	$	32,610,320	$	18,484,001	$	19,954,232	$	42,869,371	$	43,360,384	$	9,006,080	$	9,646,490
End of year	$	15,258,487	$	17,551,250	$	22,149,346	$	26,226,294	$	13,514,394	$	18,484,001	$	36,389,607	$	42,869,371	$	8,360,777	$	9,006,080
Unit Transactions:
Beginning of year		2,138,440		2,774,869		1,990,535		2,528,616		1,358,379		1,596,264		3,582,266		4,043,848		887,008		1,009,270
Purchased		18,810		15,798		28,067		20,837		21,235		12,951		36,801		64,474		8,073		11,398
Transferred between Sub-Accounts and Fixed
Accumulation Account		(111,080)		(285,010)		857		(164,352)		(90,937)		(17,255)		(22,539)		(81,909)		(50,340)		(35,512)
Withdrawn, Surrendered, and Annuitized		(508,369)		(367,217)		(428,907)		(394,566)		(299,650)		(233,581)		(619,707)		(444,147)		(89,165)		(98,148)
End of year		1,537,801		2,138,440		1,590,552		1,990,535		989,027		1,358,379		2,976,821		3,582,266		755,576		887,008

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	MFC				MFD				MFE				MFF				MFJ
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	685,818	$	795,106	$	(17,282)	$	(20,333)	$	(49,358)	$	124,770	$	(26,634)	$	(32,812)	$	752,555	$	641,822
Net realized gains (losses)		63,057		(10,551)		71,428		52,246		1,978,550		1,137,076		204,912		277,018		5,330,355		4,604,453
Net unrealized gains (losses)		(689,341)		196,637		51,935		20,690		969,364		1,453,400		115,037		(155,772)		(4,291,283)		1,824,972
Increase (Decrease) in net assets from
operations	$	59,534	$	981,192	$	106,081	$	52,603	$	2,898,556	$	2,715,246	$	293,315	$	88,434	$	1,791,627	$	7,071,247
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	306,231	$	545,282	$	26,383	$	12,675	$	71,666	$	258,251	$	49,370	$	11,507	$	684,000	$	1,090,389
Net transfers between Sub-Accounts and Fixed Account		(809,992)		(677,708)		30,939		(41,914)		954,824		756,931		118,541		(752,546)		482,431		(1,721,121)
Withdrawals, surrenders, annuitizations and contract charges		(2,091,945)		(1,864,365)		(323,513)		(334,738)		(2,036,349)		(1,151,771)		(333,209)		(256,992)		(9,642,413)		(7,879,113)
Net accumulation activity	$	(2,595,706)	$	(1,996,791)	$	(266,191)	$	(363,977)	$	(1,009,859)	$	(136,589)	$	(165,298)	$	(998,031)	$	(8,475,982)	$	(8,509,845)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	10,850	$	-	$	-
Annuity payments and contract charges		-		-		-		-		(59)		(79)		(2,282)		(2,309)		(25,176)		(28,940)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		-		-		-		-		(5)		(5)		(161)		(209)		(1,529)		(2,502)
Net annuitization activity	$	-	$	-	$	-	$	-	$	(64)	$	(84)	$	(2,443)	$	8,332	$	(26,705)	$	(31,442)
Increase (Decrease) in net assets from participant owner
transactions	$	(2,595,706)	$	(1,996,791)	$	(266,191)	$	(363,977)	$	(1,009,923)	$	(136,673)	$	(167,741)	$	(989,699)	$	(8,502,687)	$	(8,541,287)
Increase (Decrease) in net assets	$	(2,536,172)	$	(1,015,599)	$	(160,110)	$	(311,374)	$	1,888,633	$	2,578,573	$	125,574	$	(901,265)	$	(6,711,060)	$	(1,470,040)
Net Assets:
Beginning of year	$	12,419,302	$	13,434,901	$	1,196,155	$	1,507,529	$	11,714,964	$	9,136,391	$	1,776,918	$	2,678,183	$	74,607,009	$	76,077,049
End of year	$	9,883,130	$	12,419,302	$	1,036,045	$	1,196,155	$	13,603,597	$	11,714,964	$	1,902,492	$	1,776,918	$	67,895,949	$	74,607,009
Unit Transactions:
Beginning of year		886,780		1,040,497		120,119		159,853		649,991		666,466		156,051		256,526		5,555,631		6,231,478
Purchased		21,452		40,858		2,715		1,414		3,634		17,599		1,516		1,173		49,321		86,188
Transferred between Sub-Accounts and Fixed
Accumulation Account		(55,613)		(55,108)		1,969		(4,424)		31,711		41,882		8,495		(76,641)		4,922		(143,365)
Withdrawn, Surrendered, and Annuitized		(147,543)		(139,467)		(29,271)		(36,724)		(97,435)		(75,956)		(26,942)		(25,007)		(670,556)		(618,670)
End of year		705,076		886,780		95,532		120,119		587,901		649,991		139,120		156,051		4,939,318		5,555,631

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	MFK				MFL				MIS				MIT				MMS
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	617,647	$	688,466	$	(34,454)	$	(54,901)	$	(209,003)	$	(295,664)	$	(53,533)	$	(134,988)	$	73,005	$	70,912
Net realized gains (losses)		(380,242)		(537,081)		403,536		225,695		893,964		(146,337)		998,572		259,058		-		-
Net unrealized gains (losses)		757,631		217,209		(94,741)		525,753		1,202,306		1,689,629		(20,715)		2,188,368		-		-
Increase (Decrease) in net assets from operations	$	995,036	$	368,594	$	274,341	$	696,547	$	1,887,267	$	1,247,628	$	924,324	$	2,312,438	$	73,005	$	70,912
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	186,518	$	279,240	$	69,083	$	27,120	$	309,430	$	154,740	$	135,887	$	238,065	$	10,870	$	25,182
Net transfers between Sub-Accounts and Fixed Account		392,199		(1,392,306)		154,474		(225,981)		(1,724,023)		(1,650,238)		(1,123,711)		(965,063)		840,413		1,188,422
Withdrawals, surrenders, annuitizations and contract charges		(2,805,134)		(2,962,423)		(885,239)		(382,937)		(4,161,518)		(2,663,096)		(4,167,791)		(3,229,712)		(696,237)		(1,668,869)
Net accumulation activity	$	(2,226,417)	$	(4,075,489)	$	(661,682)	$	(581,798)	$	(5,576,111)	$	(4,158,594)	$	(5,155,615)	$	(3,956,710)	$	155,046	$	(455,265)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(830)		(825)		(5,117)		(4,680)		(9,098)		(8,570)		(4,940)		(13,316)		-		-
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(21)		(27)		(130)		(210)		(1,195)		(1,039)		(2,479)		(4,035)		-		-
Net annuitization activity	$	(851)	$	(852)	$	(5,247)	$	(4,890)	$	(10,293)	$	(9,609)	$	(7,419)	$	(17,351)	$	-	$	-
Increase (Decrease) in net assets from participant owner transactions	$	(2,227,268)	$	(4,076,341)	$	(666,929)	$	(586,688)	$	(5,586,404)	$	(4,168,203)	$	(5,163,034)	$	(3,974,061)	$	155,046	$	(455,265)
Increase (Decrease) in net assets	$	(1,232,232)	$	(3,707,747)	$	(392,588)	$	109,859	$	(3,699,137)	$	(2,920,575)	$	(4,238,710)	$	(1,661,623)	$	228,051	$	(384,353)
Net Assets:
Beginning of year	$	20,350,912	$	24,058,659	$	6,657,433	$	6,547,574	$	20,948,619	$	23,869,194	$	20,600,552	$	22,262,175	$	2,039,422	$	2,423,775
End of year	$	19,118,680	$	20,350,912	$	6,264,845	$	6,657,433	$	17,249,482	$	20,948,619	$	16,361,842	$	20,600,552	$	2,267,473	$	2,039,422
Unit Transactions:
Beginning of year		1,799,514		2,166,389		553,299		604,951		2,762,033		3,336,892		1,969,866		2,375,230		173,945		213,236
Purchased		16,606		25,874		5,529		2,466		37,001		21,569		12,754		24,919		911		2,206
Transferred between Sub-Accounts and Fixed
Accumulation Account		31,756		(126,337)		11,224		(19,799)		(219,425)		(232,659)		(100,312)		(99,573)		70,712		103,212
Withdrawn, Surrendered, and Annuitized		(240,740)		(266,412)		(71,396)		(34,319)		(492,584)		(363,769)		(375,619)		(330,710)		(58,505)		(144,709)
End of year		1,607,136		1,799,514		498,656		553,299		2,087,025		2,762,033		1,506,689		1,969,866		187,063		173,945

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	NWD				TRS				UTS				OP1				OP2
	Sub-Account				Sub-Account				Sub-Account				Sub-Account				Sub-Account
	Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,		December 31,
	2007		2006		2007		2006		2007		2006		2007		2006		2007		2006
Operations:
Net investment income (loss)	$	(472,336)	$	(509,672)	$	719,794	$	627,796	$	(45,829)	$	498,234	$	(29,192)	$	(38,589)	$	(84,250)	$	(122,132)
Net realized gains (losses)		5,360,007		3,309,058		4,377,778		3,020,082		7,622,073		3,193,209		711,131		427,670		796,843		1,574,722
Net unrealized gains (losses)		(4,130,059)		1,074,258		(3,682,230)		1,120,549		1,306,717		5,352,633		(560,726)		152,449		(286,368)		(549,449)
Increase (Decrease) in net assets from operations	$	757,612	$	3,873,644	$	1,415,342	$	4,768,427	$	8,882,961	$	9,044,076	$	121,213	$	541,530	$	426,225	$	903,141
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	414,979	$	331,259	$	380,447	$	241,646	$	272,091	$	291,194	$	608	$	8,016	$	11,383	$	168,468
Net transfers between Sub-Accounts and Fixed Account		(605,441)		(1,414,331)		(2,301,874)		1,663,173		919,179		(1,363,928)		(43,837)		(376,208)		(666,232)		(1,041,035)
Withdrawals, surrenders, annuitizations and contract charges		(7,547,760)		(4,159,674)		(8,882,885)		(6,443,287)		(9,310,462)		(5,279,770)		(872,662)		(1,158,633)		(2,468,932)		(1,513,772)
Net accumulation activity	$	(7,738,222)	$	(5,242,746)	$	(10,804,312)	$	(4,538,468)	$	(8,119,192)	$	(6,352,504)	$	(915,891)	$	(1,526,825)	$	(3,123,781)	$	(2,386,339)
Annuitization Activity:
Annuitizations	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Annuity payments and contract charges		(768)		(1,970)		(9,237)		(8,607)		(27,081)		(19,178)		(1,060)		(971)		(16,599)		(15,335)
Net transfers between Sub-Accounts		-		-		-		-		-		-		-		-		-		-
Adjustments to annuity reserves		(5)		(200)		(1,008)		(1,725)		(6,352)		(720,752)		(93)		(42,541)		(1,472)		(2,018)
Net annuitization activity	$	(773)	$	(2,170)	$	(10,245)	$	(10,332)	$	(33,433)	$	(739,930)	$	(1,153)	$	(43,512)	$	(18,071)	$	(17,353)
Increase (Decrease) in net assets from participant owner transactions	$	(7,738,995)	$	(5,244,916)	$	(10,814,557)	$	(4,548,800)	$	(8,152,625)	$	(7,092,434)	$	(917,044)	$	(1,570,337)	$	(3,141,852)	$	(2,403,692)
Increase (Decrease) in net assets	$	(6,981,383)	$	(1,371,272)	$	(9,399,215)	$	219,627	$	730,336	$	1,951,642	$	(795,831)	$	(1,028,807)	$	(2,715,627)	$	(1,500,551)
Net Assets:
Beginning of year	$	34,373,698	$	35,744,970	$	48,449,342	$	48,229,715	$	36,212,848	$	34,261,206	$	3,973,599	$	5,002,406	$	7,543,059	$	9,043,610
End of year	$	27,392,315	$	34,373,698	$	39,050,127	$	48,449,342	$	36,943,184	$	36,212,848	$	3,177,768	$	3,973,599	$	4,827,432	$	7,543,059
Unit Transactions:
Beginning of year		3,093,225		3,540,321		3,237,526		3,564,758		2,062,507		2,469,647		287,548		408,070		257,601		344,254
Purchased		32,205		33,825		24,728		16,998		13,808		19,624		40		619		395		6,059
Transferred between Sub-Accounts and Fixed Accumulation Account		(43,486)		(120,799)		(150,431)		118,350		46,718		(91,181)		(2,994)		(29,995)		(21,912)		(37,817)
Withdrawn, Surrendered, and Annuitized		(570,656)		(360,122)		(572,218)		(462,580)		(451,335)		(335,583)		(60,591)		(91,146)		(80,226)		(54,895)
End of year		2,511,288		3,093,225		2,539,605		3,237,526		1,671,698		2,062,507		224,003		287,548		155,858		257,601

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	OP3					OP4						PHY						PMB						PRR
	Sub-Account					Sub-Account						Sub-Account						Sub-Account						Sub-Account
	Year Ended		Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
	December 31,		December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2007		2006			2007			2006			2007			2006			2007			2006			2007			2006
Operations:
Net investment income (loss)	$	(30,721)		$	(34,162)		$	6,159		$	4,209		$	4,149,291		$	4,342,869		$	2,517,740		$	2,439,283		$	518,269		$	491,760
Net realized gains (losses)		632,283			241,312			69,154			138,024			957,013			1,698,575			2,292,306			2,212,883			(160,541)			539,962
Net unrealized gains (losses)		(594,333)			315,502			(58,513)			(43,744)			(3,716,467)			(323,490)			(2,416,091)			11,256			1,046,888			(1,205,468)
Increase (Decrease) in net assets from operations	$	7,229		$	522,652		$	16,800		$	98,489		$	1,389,837		$	5,717,954		$	2,393,955		$	4,663,422		$	1,404,616		$	(173,746)
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	58,065		$	1,443		$	(1,012)		$	10,540		$	900,951		$	1,169,164		$	706,292		$	890,329		$	614,666		$	95,912
Net transfers between Sub-Accounts and Fixed Account		(180,175)			(226,958)			(265,597)			29,626			114,508			3,799,568			(1,050,874)			1,531,479			181,175			(418,158)
Withdrawals, surrenders, annuitizations and contract charges		(610,398)			(498,003)			(160,294)			(242,511)			(15,615,970)			(9,903,211)			(12,689,377)			(7,952,695)			(2,681,264)			(2,593,931)
Net accumulation activity	$	(732,508)		$	(723,518)		$	(426,903)		$	(202,345)		$	(14,600,511)		$	(4,934,479)		$	(13,033,959)		$	(5,530,887)		$	(1,885,423)		$	(2,916,177)
Annuitization Activity:
Annuitizations	$	-		$	-		$	-		$	-		$	11,429		$	-		$	9,612		$	-		$	-		$	-
Annuity payments and contract charges		(9,413)			(6,330)			-			-			(9,040)			(6,762)			(9,653)			(8,131)			(344)			(346)
Net transfers between Sub-Accounts
Adjustments to annuity reserves		(526)			(1,671)			-			-			1,963			1,431			2,261			1,214			(21)			(11)
Net annuitization activity	$	(9,939)		$	(8,001)		$	-		$	-		$	4,352		$	(5,331)		$	2,220		$	(6,917)		$	(365)		$	(357)
Increase (Decrease) in net assets from participant owner transactions	$	(742,447)		$	(731,519)		$	(426,903)		$	(202,345)		$	(14,596,159)		$	(4,939,810)		$	(13,031,739)		$	(5,537,804)		$	(1,885,788)		$	(2,916,534)
Increase (Decrease) in net assets	$	(735,218)		$	(208,867)		$	(410,103)		$	(103,856)		$	(13,206,322)		$	778,144		$	(10,637,784)		$	(874,382)		$	(481,172)		$	(3,090,280)
Net Assets:
Beginning of year	$	2,462,130		$	2,670,997		$	1,250,139		$	1,353,995		$	82,874,501		$	82,096,357		$	65,624,316		$	66,498,698		$	17,298,770		$	20,389,050
End of year	$	1,726,912		$	2,462,130		$	840,036		$	1,250,139		$	69,668,179		$	82,874,501		$	54,986,532		$	65,624,316		$	16,817,598		$	17,298,770
Unit Transactions:
Beginning of year		107,735			147,235			94,149			110,184			5,350,402			5,685,755			3,420,726			3,718,255			1,490,902			1,742,533
Purchased		2,184			65			-			836			57,313			78,347			36,237			48,331			52,559			8,178
Transferred between Sub-Accounts and Fixed
Accumulation Account		(8,022)			(12,053)			(19,821)			110			3,352			251,986			(52,009)			87,753			11,760			(36,417)
Withdrawn, Surrendered, and Annuitized		(26,699)			(27,512)			(11,870)			(16,981)			(995,137)			(665,686)			(647,825)			(433,613)			(225,544)			(223,392)
End of year		75,198			107,735			62,458			94,149			4,415,930			5,350,402			2,757,129			3,420,726			1,329,677			1,490,902

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	PTR							RX1							RX2						LCG					LGF
	Sub-Account							Sub-Account							Sub-Account						Sub-Account						Sub-Account
	Year Ended			Year Ended					Year Ended			Year Ended			Year Ended			Year Ended			Period Ended			Year Ended			Period Ended			Year Ended
	December 31,			December 31,					December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
	2007			2006					2007			2006			2007			2006			2007(b)			2006			2007(b)			2006
Operations:
Net investment income (loss)	$	3,378,990			$	2,989,113		$		(3,456	)	$	(5,689	)	$	(16,357	)	$	(18,948	)	$	(212,471	)	$	-		$	(77,482	)	$	-
Net realized gains (losses)		(778,999	)			69,305				162,658			174,412			156,886			63,775			71,967			-			31,221			-
Net unrealized gains (losses)		4,468,276				(795,854	)			(150,098	)		(12,182	)		(15,985	)		(2,858	)		387,843			-			123,432			-
Increase (Decrease) in net assets from
operations	$	7,068,267			$	2,262,564		$		9,104		$	156,541		$	124,544		$	41,969		$	247,339		$	-		$	77,171		$	-
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	2,387,612			$	1,456,548		$		18,114		$	11,389		$	7,001		$	3,612		$	348,664		$	-		$	71,779		$	-
Net transfers between Sub-Accounts and
Fixed Account		1,573,844				14,998,660				(155,272	)		(155,247	)		(45,124	)		259,497			23,128,000			-			8,128,483			-
Withdrawals, surrenders, annuitizations and
contract charges		(22,710,379	)			(13,409,305	)			(320,975	)		(158,648	)		(307,733	)		(176,734	)		(4,648,152	)		-			(1,394,184	)		-
Net accumulation activity	$	(18,748,923	)		$	3,045,903		$		(458,133	)	$	(302,506	)	$	(345,856	)	$	86,375		$	18,828,512		$	-		$	6,806,078		$	-
Annuitization Activity:
Annuitizations	$	14,536			$	-		$		-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Annuity payments and contract charges		(8,877	)			(6,222	)			(2,196	)		(341	)		(618	)		-			(3,938	)		-			-			-
Net transfers between Sub-Accounts		-				-				-			-			-			-			-			-			-			-
Adjustments to annuity reserves		1,927				1,205				(483	)		483			(967	)		-			(1,182	)		-			(550	)		-
Net annuitization activity	$	7,586			$	(5,017	)	$		(2,679	)	$	142		$	(1,585	)	$	-		$	(5,120	)	$	-		$	(550	)	$	-
Increase (Decrease) in net assets from participant
owner transactions	$	(18,741,337	)		$	3,040,886		$		(460,812	)	$	(302,364	)	$	(347,441	)	$	86,375		$	18,823,392		$	-		$	6,805,528		$	-
Increase (Decrease) in net assets	$	(11,673,070	)		$	5,303,450		$		(451,708	)	$	(145,823	)	$	(222,897	)	$	128,344		$	19,070,731		$	-		$	6,882,699		$	-
Net Assets:
Beginning of year	$	109,967,519			$	104,664,069		$		1,011,577		$	1,157,400		$	1,398,521		$	1,270,177		$	-		$	-		$	-		$	-
End of year	$	98,294,449			$	109,967,519		$		559,869		$	1,011,577		$	1,175,624		$	1,398,521		$	19,070,731		$	-		$	6,882,699		$	-
Unit Transactions:
Beginning of year		9,778,093				9,510,770				94,698			133,984			166,587			151,690			-			-			-			-
Purchased		206,240				131,354				1,115			1,340			745			431			34,831			-			7,090			-
Transferred between Sub-Accounts and Fixed
Accumulation Account		158,932				1,348,149				(11,421	)		(22,356	)		(18,724	)		38,924			2,302,972			-			810,988			-
Withdrawn, Surrendered, and Annuitized		(1,980,341	)			(1,212,180	)			(29,161	)		(18,270	)		(35,920	)		(24,458	)		(463,768	)		-			(139,062	)		-
End of year		8,162,924				9,778,093				55,231			94,698			112,688			166,587			1,874,035			-			679,016			-

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	SC1							SC2						SC3						SC5						SC7
	Sub-Account							Sub-Account						Sub-Account						Sub-Account						Sub-Account
		Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended			Year Ended
		December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,			December 31,
		2007			2006			2007			2006			2007			2006			2007			2006			2007			2006
Operations:
Net investment income (loss)		$	2,559,385		$	2,399,861		$	1,323,065		$	1,477,103		$	(131,002	)	$	45,885		$	(396,336	)	$	(1,339,305	)	$	(525,817	)	$	(402,512	)
Net realized gains (losses)			-			-			(341,825	)		480,385			19,842,649			14,850,110			24,162,260			20,907,202			6,775,906			3,340,481
Net unrealized gains (losses)			-			-			(224,752	)		(519,668	)		(29,885,375	)		10,188,306			(12,581,353	)		(11,748,651	)		(4,681,720	)		3,617,979
Increase (Decrease) in net assets from
Operations		$	2,559,385		$	2,399,861		$	756,488		$	1,437,820		$	(10,173,728	)	$	25,084,301		$	11,184,571		$	7,819,246		$	1,568,369		$	6,555,948
Participant Transactions:
Accumulation Activity:
Purchase payments received		$	5,608,634		$	7,017,782		$	920,843		$	512,098		$	1,026,822		$	1,323,032		$	800,641		$	1,057,427		$	748,474		$	299,287
Net transfers between Sub-Accounts and
Fixed Account			52,330,133			19,341,510			2,369,414			(2,497,849	)		(519,331	)		(7,247,748	)		(7,617,704	)		(904,430	)		(938,809	)		5,237,795
Withdrawals, surrenders, annuitizations and
contract charges			(58,497,331	)		(35,703,393	)		(9,492,616	)		(6,895,824	)		(15,023,102	)		(10,328,562	)		(15,743,828	)		(9,427,599	)		(10,770,398	)		(5,969,312	)
Net accumulation activity		$	(558,564	)	$	(9,344,101	)	$	(6,202,359	)	$	(8,881,575	)	$	(14,515,611	)	$	(16,253,278	)	$	(22,560,891	)	$	(9,274,602	)	$	(10,960,733	)	$	(432,230	)
Annuitization Activity:
Annuitizations		$	2,892		$	113,325		$	-		$	-		$	4,594		$	-		$	-		$	10,656		$	-		$	30,257
Annuity payments and contract charges			(43,329	)		(38,340	)		(22,901	)		(22,599	)		(22,448)			(23,589	)		(18,652	)		(16,489	)		(20,620)			(18,866	)
Net transfers between Sub-Accounts			-			-			-			-			-			-			-			-			-			-
Adjustments to annuity reserves			(8,813	)		(505,455	)		(2,140	)		(2,727	)		2,141			(314	)		(1,549	)		(2,717	)		(1,874	)		(6,716	)
Net annuitization activity		$	(49,250	)	$	(430,470	)	$	(25,041	)	$	(25,326	)	$	(15,713	)	$	(23,903	)	$	(20,201	)	$	(8,550	)	$	(22,494	)	$	4,675
Increase (Decrease) in net assets from participant
owner transactions		$	(607,814	)	$	(9,774,571	)	$	(6,227,400	)	$	(8,906,901	)	$	(14,531,324	)	$	(16,277,181	)	$	(22,581,092	)	$	(9,283,152	)	$	(10,983,227	)	$	(427,555	)
Increase (Decrease) in net assets		$	1,951,571		$	(7,374,710	)	$	(5,470,912	)	$	(7,469,081	)	$	(24,705,052	)	$	8,807,120		$	(11,396,521	)	$	(1,463,906	)	$	(9,414,858	)	$	6,128,393
Net Assets:
Beginning of year		$	78,610,960		$	85,985,670		$	38,062,816		$	45,531,897		$	83,187,626		$	74,380,506		$	85,190,179		$	86,654,085		$	57,295,917		$	51,167,524
End of year		$	80,562,531		$	78,610,960		$	32,591,904		$	38,062,816		$	58,482,574		$	83,187,626		$	73,793,658		$	85,190,179		$	47,881,059		$	57,295,917
Unit Transactions:
Beginning of year			7,379,175			8,209,391			2,789,424			3,463,625			2,574,445			3,158,457			4,734,629			5,293,361			4,502,180			4,560,454
Purchased			510,653			677,906			66,732			38,559			31,415			47,603			40,604			63,136			56,836			26,034
Transferred between Sub-Accounts and Fixed
Accumulation Account			3,603,973			1,243,804			166,647			(190,047	)		12,840			(267,648	)		(383,205	)		(73,244	)		(93,472	)		428,537
Withdrawn, Surrendered, and Annuitized			(4,154,490	)		(2,751,926	)		(682,355	)		(522,713	)		(472,236	)		(363,967	)		(767,518	)		(548,624	)		(812,952	)		(512,845	)
End of year			7,339,311			7,379,175			2,340,448			2,789,424			2,146,464			2,574,445			3,624,510			4,734,629			3,652,592			4,502,180

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Statements of Changes in Net Assets - continued

	SCB						SCM
	Sub-Account						Sub-Account
	Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,
	2007			2006			2007			2006
Operations:
Net investment income (loss)	$	(1,238,501	)	$	(1,298,413	)	$	(19,997	)	$	(5,196	)
Net realized gains (losses)		14,349,116			9,148,563			190,421			(45,157	)
Net unrealized gains (losses)		(14,473,646	)		1,667,961			(321,486	)		431,123
Increase (Decrease) in net assets from
operations	$	(1,363,031	)	$	9,518,111		$	(151,062	)	$	380,770
Participant Transactions:
Accumulation Activity:
Purchase payments received	$	763,771		$	1,018,577		$	67,864		$	602
Net transfers between Sub-Accounts and
Fixed Account		1,782,630			256,039			261,910			101,115
Withdrawals, surrenders, annuitizations and
contract charges		(15,363,459	)		(9,980,864	)		(642,157	)		(518,638	)
Net accumulation activity	$	(12,817,058	)	$	(8,706,248	)	$	(312,383	)	$	(416,921	)
Annuitization Activity:
Annuitizations	$	6,636		$	-		$	-		$	-
Annuity payments and contract charges		(25,259	)		(23,468	)		(2,113	)		(2,520	)
Net transfers between Sub-Accounts		-			-			-			-
Adjustments to annuity reserves		1,667			(267	)		(962	)		(353	)
Net annuitization activity	$	(16,956	)	$	(23,735	)	$	(3,075	)	$	(2,873	)
Increase (Decrease) in net assets from participant
owner transactions	$	(12,834,014	)	$	(8,729,983	)	$	(315,458	)	$	(419,794	)
Increase (Decrease) in net assets	$	(14,197,045	)	$	788,128		$	(466,520	)	$	(39,024	)
Net Assets:
Beginning of year	$	82,938,137		$	82,150,009		$	2,270,763		$	2,309,787
End of year	$	68,741,092		$	82,938,137		$	1,804,243		$	2,270,763
Unit Transactions:
Beginning of year		4,668,685			5,183,910			132,317			162,783
Purchased		41,075			58,820			3,549			43
Transferred between Sub-Accounts and Fixed
Accumulation Account		115,335			24,840			16,176			5,954
Withdrawn, Surrendered, and Annuitized		(871,265	)		(598,885	)		(36,831	)		(36,463	)
End of year		3,953,830			4,668,685			115,211			132,317

See notes to financial statements

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements

(1) Organization

Sun Life of Canada (U.S.) Variable Account F (the ‘‘Variable Account’’) is a separate account of Sun Life Assurance Company of Canada (U.S.), (the ‘‘Sponsor’’), and was established on July 13, 1989 as a funding vehicle for the variable portion of Futurity contracts, Futurity II contracts, Futurity Focus contracts, Futurity Accolade contracts, Futurity Focus II contracts, Futurity III contracts, Futurity Select Four contracts, Futurity Select Four Plus contracts, Futurity Select Seven contracts, Futurity Select Freedom contracts, Futurity Select Incentive contracts (collectively, the ‘‘Contracts’’) and certain other group and individual fixed and variable annuity contracts issued by the Sponsor. The Variable Account is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as a unit investment trust existing in accordance with the regulations of the Delaware Insurance Department.

The assets of the Variable Account are divided into Sub-accounts. Each Sub-Account is invested in shares of a single corresponding investment portfolio of certain open-end mutual funds (the “Funds”) registered under the Investment Company Act of 1940, as amended. With respect to the Futurity contracts, the Funds are: AIM Variable Insurance Fund, Inc., The Alger American Fund, Credit Suisse Institutional Fund, Inc., Goldman Sachs Variable Insurance Trust, J.P. Morgan Series Trust II, Legg Mason Partners Variable Portfolios Inc., Lord Abbett Series Fund, Inc., MFS/Sun Life Series Trust, OCC Accumulation Trust, and Sun Capital Advisors Trust.  With respects to the Futurity II contracts, the Funds are: AIM Variable Insurance Fund, Inc., Arnhold and S. Bleichroeder Advisers, Inc., The Alger American Fund, Alliance Variable Products  Series Fund, Inc., Credit Suisse Institutional Fund, Inc., Fidelity Variable Insurance Products Funds, Franklin Variable Insurance Products Trust, Goldman Sachs Variable Insurance Trust, J.P. Morgan Series Trust II, Lord Abbett Series Fund, Inc., MFS/Sun Life Series Trust, OCC Accumulation Trust, PIMCO Variable Insurance Trust , Rydex Variable Trust , and Sun Capital Advisers Trust. With respect to the Futurity Focus contracts, the Funds are: AIM Variable Insurance Fund, Inc., Arnhold and S Bleicheroeder Advisors, The Alger American Fund, Credit Suisse Institutional Fund, Inc., the Franklin Templeton Variable Insurance Products Trust, Goldman Sachs Variable Insurance Trust, J.P. Morgan Series Trust II, Lord Abbett Series Fund, Inc., MFS/ Sun Life Series Trust, OCC Accumulation Trust, PIMCO Variable Insurance Trust , and Sun Capital Advisers Trust. With respect to the Futurity Accolade contracts, the Funds are: AIM Variable Insurance Fund, Inc., Arnhold and S. Bleichroeder Advisers, Inc., The Alger American Fund, Alliance Variable Products Series Fund, Inc., Fidelity Variable Insurance Products Funds, the Franklin Templeton Variable Insurance Products  Trust, Goldman Sachs Variable Insurance Trust, J.P. Morgan Series Trust II, Lord Abbett Series Fund, Inc., MFS/Sun Life Series Trust, OCC Accumulation Trust, PIMCO Variable Insurance Trust, Rydex Variable Trust, and Sun Capital Advisers Trust. With respects to the Futurity Focus II contracts, Futurity III contracts and Futurity Select Four contracts, the Funds are: AIM Variable Insurance Fund, Inc., Arnhold and S. Bleichroeder Advisers, Inc., the Alger American Fund, Alliance Variable Products Series Fund, Inc., Fidelity Variable Insurance Products Funds, the Franklin Templeton Variable Insurance Products  Trust, Goldman Sachs Variable Insurance Trust, J.P. Morgan Series Trust II, Lord Abbett Series Fund, Inc., MFS/Sun Life Series Trust, PIMCO Variable Insurance Trust , Rydex Variable Trust , and Sun Capital Advisers Trust. With respects to the Futurity Select Four Plus contracts, Futurity Select Seven contracts, Futurity Select Freedom contracts and Futurity Select Incentive contracts, the Funds are: AIM Variable Insurance Fund, Inc., Arnhold and S. Bleichroeder Advisers, Inc., Alliance Variable Products Series Fund, Inc., Fidelity Variable Insurance Products Funds, the Franklin Templeton Variable Insurance Products Trust, Goldman Sachs Variable Insurance Trust, Lord Abbett Series Fund, Inc., MFS/Sun Life Series Trust, PIMCO Variable Insurance Trust , Rydex Variable Trust, and Sun Capital Advisers Trust.

Under applicable insurance law, the assets and liabilities of the Variable Account are clearly identified and distinguished from the Sponsor’s other assets and liabilities. The portion of the Variable Account’s assets applicable to the variable annuity contracts is not chargeable with liabilities arising out of any other business the Sponsor may conduct.

(2) Significant Accounting Policies

General

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires the Sponsor’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities along with the disclosure of contingent assets as well as liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(2) Significant Accounting Policies - continued

Investment Valuations

Investments in shares of the Funds are recorded at their net asset value. The Funds value their investment securities at market value. Transactions are recorded on a trade date basis. Realized gains and losses on sales of shares of the Funds are determined on the first in, first out basis. Dividend income and capital gain distributions received by the Sub-Accounts are reinvested in additional Fund shares and are recognized on the ex-dividend date.

Exchanges between Sub-Accounts requested by contract participants are recorded in the new Sub-Account upon receipt of the redemption proceeds.

Federal Income Tax Status

The operations of the Variable Account are part of the operations of the Sponsor and are not taxed separately. The Sponsor qualifies for the federal income tax treatment granted to life insurance companies under Subchapter L of the Internal Revenue Code. Under existing federal income tax law, investment income and capital gains earned by the Variable Account on contract owner reserves are not currently subject to tax by the contract owner.

Recent Accounting Pronouncements

In June 2006, the Financial Accounting Standards Board (FASB) issued Interpretation No. 48, “Accounting for Uncertainty in Income Taxes –an interpretation of FASB Statement No. 109” (“FIN48”).  FIN 48 clarifies the accounting for uncertainty in income taxes recognized in accordance with FASB Statement No. 109, Accounting for Income Taxes”.  This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.  It also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.  FIN 48 is effective during the first required financial reporting period for fiscal years beginning after December 15, 2006.  The Sub-Accounts adopted FIN 48 on January 1, 2007.  The Sub-Accounts are not responsible for the payment or recording of income taxes and therefore the adoption of FIN 48 did not have an impact on the financial statements.

In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No. 157”), which defines fair value, establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements, but does not change existing guidance as to whether or not an instrument is carried at fair value.

SFAS No. 157 clarifies that fair value is an exit price, representing the amount that would be exchanged to sell an asset or transfer a liability in an orderly transaction between market participants.  The statement establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (“Level 1, 2 and 3”).  Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date.  Level 2 inputs are observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities.  Level 3 inputs are unobservable inputs reflecting the reporting entity’s estimates of the assumptions that market participants would use in pricing the asset or liability.  SFAS No. 157 requires that a fair value measurement technique include an adjustment for risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model, if market participants would also include such an adjustment.  Quantitative and qualitative disclosures will focus on the inputs used to measure fair value for both recurring and non-recurring fair value measurements and the effects of the measurements in the financial statements.

The provisions of SFAS No. 157 are effective for fiscal years beginning after November 15, 2007, and are to be applied prospectively, except for changes in fair value measurements that result from the initial application of SFAS No. 157, which are to be recorded as an adjustment to opening retained earnings in the year of adoption.  Sponsor of the Sub-Accounts will adopt SFAS No. 157 effective January 1, 2008 and will apply the provisions of the statement prospectively to assets and liabilities measured and disclosed at fair value.  The adoption of SFAS No. 157 is not expected to have a material impact on the Sub-Account's financial position or results of operations.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions

A mortality and expense risk charge based on the value of the Sub-Account is deducted from the Variable Account at the end of each valuation period for the mortality and expense risks assumed by the Sponsor. The deductions are transferred periodically to the Sponsor. Currently, the deduction is at an effective annual rate as follows:

	Level 1	Level 2	Level 3	Level 4	Level 5	Level 6	Level 7	Level 8
Futurity contracts	1.25%	-	-	-	-	-	-	-
Futurity II contracts	1.25%	-	-	-	-	-	-	-
Futurity Focus contracts	1.00%	-	-	-	-	-	-	-
Futurity Accolade contracts	1.30%	1.45%	1.55%	1.70%	-	-	-	-
Futurity Focus II contracts	1.00%	1.15%	1.25%	1.40%	1.50%	1.65%	-	-
Futurity III contracts	0.85%	1.00%	1.10%	1.15%	1.25%	1.40%	-	-
Futurity Select Four contracts	0.95%	1.10%	1.20%	1.35%	1.45%	1.60%	-	-
Futurity Select Four Plus contracts	1.30%	1.50%	1.55%	1.70%	1.75%	1.90%	-	-
Futurity Select Seven contracts	1.05%	1.25%	1.30%	1.45%	1.50%	1.65%	-	-
Futurity Select Freedom contracts	1.35%	1.55%	1.60%	1.75%	1.80%	1.95%	-	-
Futurity Select Incentive contracts	1.40%	1.60%	1.65%	1.80%	1.85%	2.00%	-	-

Each year on the account anniversary, an account administration fee (‘‘Account Fee’’) equal to the lesser of $30 in the case of Futurity contracts, $35 in the case of Futurity II contracts, Futurity Accolade contracts and Futurity III contracts and $50 in the case of Futurity Focus contracts, Futurity Focus II contracts, Futurity Select Four contracts, Futurity Select Four Plus contracts, Futurity Select Seven contracts, Futurity Select Freedom contracts and Futurity Select Incentive contracts or 2% of the participant’s account value in account years one through five (thereafter, the Account Fee may be changed annually, but it may not exceed the lesser of $50 or 2% of the participant’s account value) is deducted from the participant’s account to reimburse the Sponsor for certain administrative expenses. After the annuity commencement date, the Account Fee will be deducted pro rata from each variable annuity payment made during the year.

For assuming the risk that surrender charges may be insufficient to compensate it for the costs of distributing the contracts, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to Futurity Select Seven and Futurity Select Incentive and an effective annual rate of 0.20% of the net assets attributable to Futurity Select Four Plus and Futurity Select Freedom contracts.

Massachusetts Financial Services Company is the investment adviser to the MFS/Sun Life Series Trust. Sun Capital Advisers LLC. is the investment adviser to Sun Capital Advisers Trust. Both are affiliates of the Sponsor and charge management fees at an effective annual rate ranging from .60% to 1.26% and .50% to 1.10% of the Fund’s net assets, respectively.

The Sponsor does not deduct a sales charge from purchase payments. However, a surrender charge (contingent deferred sales charge) of up to 6% of certain amounts withdrawn when applicable, may be deducted to cover certain expenses relating to the sale of Futurity Select Four and Futurity II contracts; 7% for Futurity III contracts and 8% for Futurity, Futurity Focus, Futurity Accolade, Futurity Select Four Plus, Futurity Select Seven and Futurity Select Incentive contracts, including commissions paid to sales personnel, the costs of preparation of sales literature, and other promotional costs and acquisition expenses.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions - continued

For the year ended December 31, 2007, the Sponsor received the following amounts related to the above mentioned contract and surrender charges. These charges are reflected in the “Withdrawals, surrenders and annuitizations” line of the Statement of Changes in Net Assets for each Sub-Account.

	Contract Charges		Surrender Charges
AIM Variable Insurance Fund, Inc.
V.I. Core Equity Fund Series 2 Sub-Account (AG3)	$	481	$	-
V.I. Capital Appreciation Fund Sub-Account (AI1)		19,382		21,783
V.I. Core Equity Fund Sub-Account (AI3)		12,119		6,306
V.I. International Growth Fund Sub-Account (AI4)		9,774		13,064
V.I. Capital Appreciation Fund Series 2 Sub-Account (AI7)		519		1,448
V.I. International Growth Fund Series 2 Sub-Account (AI8)		294		182
V.I. Small Cap Equity Fund Sub-Account (ASC)		633		1,822
V.I. Dynamics Fund Sub-Account (IV1)		724		1,090
V.I. Small Company Growth Fund Sub-Account (IV2)		433		-
Arnhold and S. Bleichroeder Advisers, Inc.
First Eagle VFT Overseas Variable Series Sub-Account (SGI)		29,515		241,060
The Alger American Fund
Growth Portfolio Sub-Account (AL1)		3,332		1,522
Income and Growth Portfolio Sub-Account (AL2)		7,309		8,221
Small Capitalization Portfolio Sub-Account (AL3)		3,137		3,651
Alliance Variable Products Series Fund, Inc.
Large Cap Growth Portfolio Sub-Account (AN1)		1,015		1,327
Global Technology Portfolio Sub-Account (AN2)		937		2,099
Growth and Income Portfolio Sub-Account (AN3)		8,576		24,565
International Growth Portfolio Sub-Account (AN4)		4,657		16,330
Small Cap Growth Portfolio Sub-Account (AN5)		678		114
Credit Suisse Institutional Fund, Inc.
Emerging Markets Portfolio Sub-Account (CS1)		543		213
International Focus Portfolio Sub-Account (CS2)		297		-
Global Small Cap Portfolio Sub-Account (CS3)		202		369
Small Cap Growth Portfolio Sub-Account (CS4)		821		179
Fidelity Variable Insurance Products Funds
VIP Contrafund Portfolio Sub-Account (FL1)		13,417		49,171
VIP Overseas Fund Portfolio Sub-Account (FL2)		2,299		6,940
VIP Growth Fund Portfolio Sub-Account (FL3)		19,248		104,173
Franklin Templeton Variable Insurance Products Trust
Growth Securities Fund Class 2 Sub-Account (FTG)		3,849		10,741
Templeton Foreign Securities Fund Sub-Account (FTI)		2,060		10,142
Goldman Sachs Variable Insurance Trust
VIT Structured Small Cap Equity Fund Sub-Account (GS2)		1,609		2,285
VIT Structured US Equity Fund Sub-Account (GS3)		4,406		11,275
VIT Growth and Income Fund Sub-Account (GS4)		2,117		2,475
VIT International Equity Fund Sub-Account (GS5)		2,423		4,959
VIT Capital Growth Fund Sub-Account (GS7)		675		5,606

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions – continued

		Contract Charges		Surrender Charges
	J.P. Morgan Series Trust II
	US Large Cap Core Equity Portfolio Sub-Account (JP1)	$	3,225	$	2,303
	International Opportunities Portfolio Sub-Account (JP2)		1,700		1,959
	Small Company Portfolio Sub-Account (JP3)		1,727		4,821
	Legg Mason Partners Variable Portfolios, Inc.
	Capital and Income Portfolio Sub-Account (LCI)		682		-
	Fundamental Value Portfolio Sub-Account (LMI)		170		-
	All Cap Portfolio Sub-Account (SB1)		43		-
	Investors Sub-Account (SB2)		83		-
	Strategic Bond Portfolio Sub-Account (SB3)		424		-
Total Return Portfolio Sub-Account (SB4)			71		-
Lord Abbett Series Fund, Inc.
Growth and Income Portfolio Sub-Account (LA1)			43,002		157,560
Mid Cap Value Portfolio Sub-Account (LA2)			29,661		102,167
International Portfolio Sub-Account (LA3)			1,969		8,160
MFS/Sun Life Series Trust
Capital Appreciation Series Sub-Account (CAS)			4,083		3,597
Emerging Growth Series Sub-Account (EGS)			10,518		22,065
Government Securities Series Sub-Account (GSS)			7,310		17,421
High Yield Series Sub-Account (HYS)			5,416		5,896
New Discovery S Class Sub-Account (M1A)			14,059		71,530
Massachusetts Investors Growth Stock S Class Sub-Account (M1B)			2,945		2,289
High Yield S Class Sub-Account (MFC)			2,872		7,191
Capital Appreciation S Class Sub-Account (MFD)			782		5,250
Utilities S Class Sub-Account (MFE)			2,874		19,209
Emerging Growth S Class Sub-Account (MFF)			962		3,293
Total Return S Class Sub-Account (MFJ)			30,105		89,622
Government Securities S Class Sub-Account (MFK)			7,898		34,073
Massachusetts Investors Trust S Class Sub-Account (MFL)			2,455		6,058
Massachusetts Investors Growth Stock Series Sub-Account (MIS)			7,994		14,755
Massachusetts Investors Trust Series Sub-Account (MIT)			6,434		11,566
Money Market Series Sub-Account (MMS)			1,664		-
New Discovery Series Sub-Account (NWD)			10,190		22,312
Total Return Series Sub-Account (TRS)			11,886		36,248
Utilities Series Sub-Account (UTS)			9,617		35,228
OCC Accumulation Trust
Equity Portfolio Sub-Account (OP1)			1,460		695
Mid Cap Value Portfolio Sub-Account (OP2)			1,626		4,190
Small Cap Portfolio Sub-Account (OP3)			725		2,159
Managed Portfolio Sub-Account (OP4)			343		-
PIMCO Variable Insurance Trust
High Yield Portfolio Sub-Account (PHY)			17,954		95,389
Emerging Markets Bond Portfolio Sub-Account (PMB)			16,997		84,364
Real Return Portfolio Sub-Account (PRR)			4,547		12,653
Total Return Portfolio Sub-Account (PTR)			23,237		89,824

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(3) Contract Charges and Related Party Transactions - continued

	Contract Charges		Surrender Charges
Rydex Variable Trust
Nova Fund Sub-Account (RX1)	$	411	$	899
OTC Fund Sub-Account (RX2)		393		256
Sun Capital Advisers Trust
FI Large Cap Growth Fund I Class Sub-Account (LCG)		7,418		1,552
FI Large Cap Growth Fund Sub-Account (LGF)		1,531		970
Sun Capital Money Market Fund Sub-Account (SC1)		33,890		300,475
Sun Capital Investment Grade Bond Fund Sub-Account (SC2)		9,524		30,876
Sun Capital Real Estate Fund Sub-Account (SC3)		23,780		77,139
SC Blue Chip Mid Cap Fund Sub-Account (SC5)		21,493		83,501
SC Davis Venture Value Fund Sub-Account (SC7)		11,260		95,487
SC Oppenheimer Main Street Small Cap Fund Sub-Account (SCB)		22,452		80,733
Sun Capital All Cap Fund Sub-Account (SCM)		1,000		5,362

(4) Reserve for Variable Annuities

Reserve for variable annuities represents the actuarial present value of future contract benefits for those contract holders who are in the payout phase of their contract and chose the variable payout option.  Annuity reserves are calculated using the 1983 Individual Annuitant Mortality Table and an assumed interest rate of 3% per year for Futurity, Futurity II, Futurity Focus and Futurity Accolade products and the 2000 Individual Annuitant Mortality Table and an assumed interest rate of 3% per year for Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive products. Required adjustments to the reserves are accomplished by transfers to or from the Sponsor.

5) Investment Purchases and Sales

The following table shows the aggregate cost of shares of the Funds purchased and proceeds from the sales of investments of the Funds for each Sub-account for the year ended December 31, 2007:

	Purchases		Sales
AIM Variable Insurance Fund, Inc.
V.I. Core Equity Fund Series 2 Sub-Account (AG3)	$	22,971	$	217,085
V.I. Capital Appreciation Fund Sub-Account (AI1)		1,871,572		14,492,539
V.I. Core Equity Fund Sub-Account (AI3)		1,926,912		9,763,481
V.I. International Growth Fund Sub-Account (AI4)		4,350,830		12,784,432
V.I. Capital Appreciation Fund Series 2 Sub-Account (AI7)		9,433		646,350
V.I. International Growth Fund Series 2 Sub-Account (AI8)		90,680		464,527
V.I. Small Cap Equity Fund Sub-Account (ASC)		5,053,865		876,636
V.I. Dynamics Fund Sub-Account (IV1)		1,098,748		1,638,937
V.I. Small Company Growth Fund Sub-Account (IV2)		924,798		5,611,801
Arnhold and S. Bleichroeder Advisers, Inc.
First Eagle VFT Overseas Variable Series Sub-Account (SGI)		15,611,992		47,705,069
The Alger American Fund
Growth Portfolio Sub-Account (AL1)		318,018		28,926,464
Income and Growth Portfolio Sub-Account (AL2)		205,119		4,756,909
Small Capitalization Portfolio Sub-Account (AL3)		189,486		2,132,548

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(5) Investment Purchases and Sales – continued

	Purchases		Sales
Alliance Variable Products Series Fund, Inc.
Large Cap Growth Portfolio Sub-Account (AN1)		$                449,627		$           9,333,636
Global Technology Portfolio Sub-Account (AN2)		1,156,374		904,110
Growth and Income Portfolio Sub-Account (AN3)		5,169,638		11,403,853
International Growth Portfolio Sub-Account (AN4)		11,180,994		6,354,053
Small Cap Growth Portfolio Sub-Account (AN5)		869,196		1,267,460
Credit Suisse Institutional Fund, Inc.
Emerging Markets Portfolio Sub-Account (CS1)		2,025,374		1,598,289
International Focus Portfolio Sub-Account (CS2)		35,897		132,125
Global Small Cap Portfolio Sub-Account (CS3)		356,049		498,763
Small Cap Growth Portfolio Sub-Account (CS4)		121,152		285,681
Fidelity Variable Insurance Products Funds
VIP Contrafund Portfolio Sub-Account (FL1)		21,734,055		15,968,355
VIP Overseas Fund Portfolio Sub-Account (FL2)		2,963,601		3,079,577
VIP Growth Fund Portfolio Sub-Account (FL3)		7,040,542		27,591,177
Franklin Templeton Variable Insurance Products Trust
Growth Securities Fund Class 2 Sub-Account (FTG)		2,545,358		3,769,720
Templeton Foreign Securities Fund Sub-Account (FTI)		2,299,800		4,580,529
Goldman Sachs Variable Insurance Trust
VIT Structured Small Cap Equity Fund Sub-Account (GS2)		805,400		2,174,677
VIT Structured US Equity Fund Sub-Account (GS3)		1,784,702		3,856,090
VIT Growth and Income Fund Sub-Account (GS4)		3,045,825		3,752,235
VIT International Equity Fund Sub-Account (GS5)		1,272,532		2,950,367
VIT Capital Growth Fund Sub-Account (GS7)		758,744		1,347,244
J.P. Morgan Series Trust II
US Large Cap Core Equity Portfolio Sub-Account (JP1)		584,986		2,535,769
International Opportunities Portfolio Sub-Account (JP2)		408,267		1,649,471
Small Company Portfolio Sub-Account (JP3)		425,611		1,545,176
Legg Mason Partners Variable Portfolios, Inc.
Capital and Income Portfolio Sub-Account (LCI)		2,526,093		452,008
Fundamental Value Portfolio Sub-Account (LMI)		620,094		55,265
All Cap Portfolio Sub-Account (SB1)		112,030		634,136
Investors Sub-Account (SB2)		62,426		35,460
Strategic Bond Portfolio Sub-Account (SB3)		114,871		532,681
Total Return Portfolio Sub-Account (SB4)		57,617		2,354,746
Lord Abbett Series Fund, Inc.
Growth and Income Portfolio Sub-Account (LA1)		20,436,988		45,927,498
Mid Cap Value Portfolio Sub-Account (LA2)		21,433,881		29,689,516
International Portfolio Sub-Account (LA3)		3,226,281		3,928,330

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(5) Investment Purchases and Sales – continued

	Purchases			Sales
MFS/Sun Life Series Trust
Capital Appreciation Series Sub-Account (CAS)			$                159,316		$           3,014,308
Emerging Growth Series Sub-Account (EGS)			1,236,200		6,753,041
Government Securities Series Sub-Account (GSS)			4,884,268		9,422,230
High Yield Series Sub-Account (HYS)			2,823,352		6,923,541
New Discovery S Class Sub-Account (M1A)			4,489,300		11,214,800
Massachusetts Investors Growth Stock S Class Sub-Account (M1B)			385,209		1,978,964
High Yield S Class Sub-Account (MFC)			3,345,471		5,255,359
Capital Appreciation S Class Sub-Account (MFD)			70,932		354,405
Utilities S Class Sub-Account (MFE)			2,524,344		3,583,620
Emerging Growth S Class Sub-Account (MFF)			514,971		709,186
Total Return S Class Sub-Account (MFJ)			10,413,019		15,220,935
Government Securities S Class Sub-Account (MFK)			2,457,135		4,066,735
Massachusetts Investors Trust S Class Sub-Account (MFL)			799,034		1,500,288
Massachusetts Investors Growth Stock Series Sub-Account (MIS)			614,719		6,408,930
Massachusetts Investors Trust Series Sub-Account (MIT)			522,952		5,737,040
Money Market Series Sub-Account (MMS)			1,695,895		1,467,844
New Discovery Series Sub-Account (NWD)			2,861,696		10,205,668
Total Return Series Sub-Account (TRS)			5,548,062		13,768,560
Utilities Series Sub-Account (UTS)			5,221,114		13,413,216
OCC Accumulation Trust
Equity Portfolio Sub-Account (OP1)			613,126		981,408
Mid Cap Value Portfolio Sub-Account (OP2)			224,950		3,250,704
Small Cap Portfolio Sub-Account (OP3)			573,750		864,793
Managed Portfolio Sub-Account (OP4)			87,788		443,152
PIMCO Variable Insurance Trust
High Yield Portfolio Sub-Account (PHY)			11,641,278		22,090,110
Emerging Markets Bond Portfolio Sub-Account (PMB)			9,935,559		19,338,214
Real Return Portfolio Sub-Account (PRR)			4,165,782		5,494,200
Total Return Portfolio Sub-Account (PTR)			21,060,876		36,425,150
Rydex Variable Trust
Nova Fund Sub-Account (RX1)			305,761		769,547
OTC Fund Sub-Account (RX2)			1,124,287		1,487,118
Sun Capital Advisers Trust
FI Large Cap Growth Fund I Class Sub-Account (LCG)		25,008,359			6,348,178
FI Large Cap Growth Fund Sub-Account (LGF)		8,651,875			1,905,289
Sun Capital Money Market Fund Sub-Account (SC1)		86,466,821			84,506,437
Sun Capital Investment Grade Bond Fund Sub-Account (SC2)		8,499,103			13,401,298
Sun Capital Real Estate Fund Sub-Account (SC3)		20,125,913			26,312,669
SC Blue Chip Mid Cap Fund Sub-Account (SC5)		18,778,040			28,253,008
SC Davis Venture Value Fund Sub-Account (SC7)		5,972,019			17,479,189
SC Oppenheimer Main Street Small Cap Fund Sub-Account (SCB)		16,809,331			22,187,385
Sun Capital All Cap Fund Sub-Account (SCM)		1,336,489			1,551,959

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights

The summary of unit outstanding for variable annuity contracts, net assets, investment income ratio, expense ratios', excluding expenses of the underlying funds and the total return, for the years ended December 31, are as follows:

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
AG3
	December 31, 2007	25,019	$	13.0080	to	$	17.4587	$	391,340	0.79	%	1.35	%	to	2.25	%	5.44	%	to	6.41	%
	December 31, 2006	38,485		12.3371	to		16.4063		549,178	0.59		1.35		to	2.25		13.80		to	14.85
	December 31, 2005	33,532		10.8406	to		14.2850		401,916	1.17		1.35		to	2.25		2.72		to	3.66
	December 31, 2004	37,182		10.5537	to		13.7805		440,009	0.83		1.35		to	2.25		6.22		to	7.20
	December 31, 2003	37,791		9.9355	to		12.8547		420,573	1.29		1.35		to	2.25		21.36		to	22.48
AI1
	December 31, 2007	4,136,257		6.9441	to		13.3164		39,803,174	-		1.15		to	1.85		9.93		to	10.73
	December 31, 2006	5,389,199		6.3136	to		12.0579		47,213,535	0.06		1.15		to	1.85		4.34		to	5.09
	December 31, 2005	3,329,705		6.0480	to		11.5039		27,382,457	0.06		1.15		to	1.85		6.83		to	7.60
	December 31, 2004	4,032,429		5.6585	to		10.7196		31,312,996	-		1.15		to	1.85		4.65		to	5.41
	December 31, 2003	4,349,721		5.4044	to		10.1966		32,219,547	-		1.00		to	1.85		27.13		to	28.05
AI3
	December 31, 2007	2,684,124		8.1902	to		13.4164		27,512,212	1.01		1.00		to	1.85		6.11		to	7.03
	December 31, 2006	3,451,306		7.7031	to		12.5839		33,126,454	0.55		1.00		to	1.85		14.55		to	15.54
	December 31, 2005	3,571,932		6.7111	to		10.9334		30,162,342	1.42		1.00		to	1.85		3.37		to	4.26
	December 31, 2004	4,307,659		6.4351	to		10.5268		35,393,203	0.93		1.00		to	1.85		6.95		to	7.88
	December 31, 2003	4,977,326		6.0140	to		9.7960		38,099,300	1.00		1.00		to	1.85		22.12		to	23.18
AI4
	December 31, 2007	2,168,045		12.3268	to		19.8227		33,182,112	0.38		1.15		to	1.85		12.59		to	13.41
	December 31, 2006	2,694,506		10.9432	to		17.5224		36,793,247	0.98		1.15		to	1.85		25.87		to	26.78
	December 31, 2005	3,163,208		8.6897	to		13.8552		34,228,788	0.65		1.15		to	1.85		15.75		to	16.75
	December 31, 2004	3,574,144		7.5033	to		11.9128		33,192,203	0.64		1.00		to	1.85		21.71		to	22.76
	December 31, 2003	3,910,999		6.1619	to		9.7415		29,736,901	0.56		1.00		to	1.85		26.68		to	27.77
AI7
	December 31, 2007	89,504		11.8723	to		17.4214		1,339,839	-		1.35		to	2.30		9.15		to	10.22
	December 31, 2006	141,340		10.8492	to		15.8066		1,808,908	-		1.35		to	2.30		3.62		to	4.63
	December 31, 2005	80,171		10.4430	to		15.1071		988,051	-		1.35		to	2.10		6.30		to	7.12
	December 31, 2004	83,459		9.8187	to		14.1034		961,587	-		1.35		to	2.10		4.09		to	4.89
	December 31, 2003	72,162		9.4277	to		13.4455		816,932	-		1.35		to	2.10		26.47		to	27.44
AI8
	December 31, 2007	37,189		19.9362	to		25.3378		888,856	0.31		1.35		to	2.25		11.86		to	12.89
	December 31, 2006	53,726		17.9968	to		22.5242		1,109,606	0.86		1.35		to	2.10		25.20		to	26.16
	December 31, 2005	55,782		14.3668	to		17.9171		902,989	0.60		1.35		to	2.10		15.24		to	16.12
	December 31, 2004	63,338		12.4607	to		15.4847		890,184	0.57		1.35		to	2.10		21.10		to	22.03
	December 31, 2003	60,796		10.2842	to		12.7345		711,484	0.49		1.35		to	2.10		25.90		to	26.86
ASC
	December 31, 2007 (b)	411,171		9.8252	to		9.9028		4,061,659	-		1.15		to	2.30		(1.75	)	to	(0.97	)
IV1
	December 31, 2007	256,825		11.0296	to		22.9485		3,096,505	-		1.15		to	2.35		9.54		to	10.89
	December 31, 2006	301,975		10.0178	to		20.7371		3,280,686	-		1.15		to	2.35		13.39		to	14.78
	December 31, 2005	212,624		8.7897	to		18.1030		2,088,498	-		1.15		to	2.35		8.13		to	9.45
	December 31, 2004	236,847		8.0879	to		16.5734		2,087,945	-		1.15		to	2.05		10.78		to	12.03
	December 31, 2003	265,834		7.2709	to		14.8235		2,049,623	-		1.15		to	2.25		34.73		to	36.24
IV2
	December 31, 2007 (a)	-		-	to		-		-	-		1.15		to	2.30		8.53		to	8.94
	December 31, 2006	456,882		10.0860	to		18.4205		5,108,554	-		1.15		to	2.30		11.51		to	12.82
	December 31, 2005	375,781		9.0037	to		16.3607		3,798,024	-		1.15		to	2.30		2.78		to	3.99
	December 31, 2004	390,021		8.7201	to		15.7654		3,776,289	-		1.15		to	2.30		11.27		to	12.58
	December 31, 2003	367,540		7.8009	to		14.0319		3,142,310	-		1.15		to	2.30		30.37		to	31.90
SGI
	December 31, 2007	4,959,755		25.4383	to		33.4454		159,761,421	-		1.00		to	2.55		5.04		to	6.72
	December 31, 2006	5,849,760		24.2175	to		31.3391		177,893,783	6.43		1.00		to	2.55		21.90		to	23.83
	December 31, 2005	6,745,856		19.8666	to		25.3074		166,549,996	2.29		1.00		to	2.55		18.37		to	20.25
	December 31, 2004	6,913,520		16.7837	to		20.9809		142,734,261	2.48		1.15		to	2.55		24.19		to	26.17
	December 31, 2003	6,087,549		13.5150	to		16.6818		100,397,991	0.05		1.00		to	2.55		35.15		to	49.57

(a)  Sub-Account closed on April 30, 2007.

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
AL1
	December 31, 2007 (a)	-	$	-	to	$	-	$	-	-	%	1.15	%	to	1.85	%	7.04	%	to	7.29	%
	December 31, 2006	2,983,599		6.8845	to		12.8016		26,690,820	0.13		1.15		to	1.85		3.21		to	3.96
	December 31, 2005	4,056,460		6.6671	to		12.3447		34,643,303	0.23		1.15		to	1.85		9.97		to	10.76
	December 31, 2004	5,448,196		6.0597	to		11.1726		41,710,670	-		1.15		to	1.85		3.54		to	4.29
	December 31, 2003	6,967,886		5.8495	to		10.7391		51,067,194	-		1.15		to	1.85		32.66		to	33.81
AL2
	December 31, 2007	1,370,785		8.0368	to		15.1255		14,937,135	0.82		1.15		to	1.85		8.08		to	8.87
	December 31, 2006	1,757,863		7.4319	to		13.9273		17,905,300	1.32		1.15		to	1.85		7.29		to	8.07
	December 31, 2005	2,233,544		6.9233	to		12.9191		21,427,920	1.10		1.15		to	1.85		1.53		to	2.41
	December 31, 2004	2,847,367		6.8155	to		12.6640		26,554,538	0.56		1.00		to	1.85		5.85		to	6.76
	December 31, 2003	3,733,810		6.4358	to		11.9076		32,584,863	0.33		1.00		to	1.85		27.44		to	28.54
AL3
	December 31, 2007	469,618		8.6918	to		14.8250		5,461,591	-		1.15		to	1.85		15.06		to	15.90
	December 31, 2006	633,958		7.5502	to		12.8253		6,394,042	-		1.15		to	1.85		17.80		to	18.66
	December 31, 2005	831,703		6.4059	to		10.8376		7,178,774	-		1.15		to	1.85		14.73		to	15.56
	December 31, 2004	1,007,491		5.5809	to		9.4036		7,621,329	-		1.15		to	1.85		14.41		to	15.24
	December 31, 2003	1,243,757		4.8755	to		8.1817		8,177,252	-		1.15		to	1.85		39.71		to	40.73
AN1
	December 31, 2007 (a)	-		-	to		-		-	-		1.15		to	2.10		4.02		to	4.35
	December 31, 2006	965,443		8.1916	to		14.9720		8,490,109	-		1.15		to	2.10		(2.72	)	to	(1.78	)
	December 31, 2005	1,388,649		8.3995	to		15.2742		12,415,411	-		1.15		to	2.10		12.44		to	13.53
	December 31, 2004	1,506,718		7.4513	to		13.4816		11,884,975	-		1.15		to	2.10		5.90		to	7.10
	December 31, 2003	1,617,322		7.0074	to		12.6139		12,001,089	-		1.15		to	2.25		20.59		to	21.95
AN2
	December 31, 2007	232,519		8.5191	to		20.0118		2,177,291	-		1.15		to	2.10		17.36		to	18.51
	December 31, 2006	205,629		7.2402	to		16.9208		1,664,293	-		1.15		to	2.10		6.11		to	7.14
	December 31, 2005	281,537		6.8059	to		15.8254		2,103,260	-		1.15		to	2.10		1.48		to	2.46
	December 31, 2004	281,520		6.6898	to		15.4768		2,100,054	-		1.15		to	2.10		2.87		to	3.88
	December 31, 2003	396,141		6.4863	to		14.9298		2,817,763	-		1.15		to	2.10		40.56		to	42.14
AN3
	December 31, 2007	2,272,930		12.0996	to		18.5505		28,884,768	1.19		1.15		to	2.30		2.44		to	3.65
	December 31, 2006	2,886,467		11.7574	to		17.9341		35,472,949	1.18		1.15		to	2.30		14.30		to	15.64
	December 31, 2005	3,615,241		10.2393	to		15.5396		38,489,570	1.29		1.15		to	2.30		(4.78	)	to	3.55
	December 31, 2004	4,469,640		9.9734	to		15.0595		46,251,629	0.74		1.00		to	2.30		8.66		to	10.11
	December 31, 2003	4,877,794		9.1366	to		13.7258		46,061,707	0.85		1.00		to	2.30		29.15		to	30.86
AN4
	December 31, 2007	776,150		23.2632	to		30.9420		19,098,566	1.36		1.15		to	2.35		15.00		to	16.42
	December 31, 2006	837,640		20.1258	to		26.7279		17,708,984	0.66		1.15		to	2.35		23.73		to	25.25
	December 31, 2005	679,808		16.1833	to		21.4594		11,511,506	0.33		1.15		to	2.35		17.73		to	19.17
	December 31, 2004	465,307		13.6767	to		18.1079		6,619,081	0.10		1.15		to	2.10		21.36		to	22.54
	December 31, 2003	351,603		11.2403	to		14.8594		4,110,462	1.04		1.15		to	2.10		40.07		to	41.43
AN5
	December 31, 2007	180,795		12.7562	to		21.7805		2,513,241	-		1.15		to	2.25		11.13		to	12.38
	December 31, 2006	216,018		11.4321	to		19.4201		2,621,300	-		1.15		to	2.25		8.02		to	9.24
	December 31, 2005	278,179		10.5399	to		17.8140		3,123,620	-		1.15		to	2.25		2.50		to	3.65
	December 31, 2004	264,939		10.2405	to		17.2206		2,844,332	-		1.15		to	2.25		11.80		to	13.07
	December 31, 2003	116,800		9.1218	to		15.2615		1,109,464	-		1.15		to	2.25		45.33		to	46.97
CS1
	December 31, 2007	89,977		25.2256	to		36.0240		3,043,581	1.54		1.15		to	1.40		27.62		to	27.96
	December 31, 2006	91,812		19.7628	to		28.1529		2,406,743	0.51		1.15		to	1.40		30.67		to	31.01
	December 31, 2005	81,847		15.1218	to		21.5383		1,583,158	0.75		1.15		to	1.40		26.15		to	26.48
	December 31, 2004	80,296		11.9850	to		17.0738		1,256,470	0.29		1.15		to	1.40		23.18		to	23.51
	December 31, 2003	82,222		9.7279	to		13.8611		1,044,211	-		1.15		to	1.40		40.88		to	41.25
CS2
	December 31, 2007	27,519		14.0522	to		16.0414		415,287	1.01		1.15		to	1.40		14.96		to	15.26
	December 31, 2006	33,808		12.2217	to		13.9545		447,024	1.00		1.15		to	1.40		17.00		to	17.31
	December 31, 2005	47,318		10.4441	to		11.9272		539,183	0.84		1.15		to	1.40		15.80		to	16.11
	December 31, 2004	53,306		9.0174	to		10.2999		526,411	1.02		1.15		to	1.40		13.13		to	13.43
	December 31, 2003	65,412		7.9691	to		9.1043		571,636	0.46		1.15		to	1.40		31.23		to	31.58

(a)  Sub-Account closed on April 30, 2007.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
CS3
	December 31, 2007	25,108	$	11.1582	to	$	13.5804	$	326,524	-	%	1.15	%	to	1.40	%	(5.31	)%	to	(5.05	)%
	December 31, 2006	35,748		11.7814	to		14.3418		488,220	-		1.15		to	1.40		11.62		to	11.92
	December 31, 2005	36,326		10.5525	to		12.8484		447,759	-		1.15		to	1.40		14.52		to	14.83
	December 31, 2004	45,514		9.2125	to		11.2190		492,597	-		1.15		to	1.40		16.33		to	16.64
	December 31, 2003	41,071		7.9175	to		9.6439		381,993	-		1.15		to	1.40		45.59		to	45.98
CS4
	December 31, 2007	112,854		10.0227	to		12.5476		1,222,984	-		1.15		to	1.40		(2.23	)	to	(1.97	)
	December 31, 2006	124,946		10.2492	to		12.8338		1,391,167	-		1.15		to	1.40		3.30		to	3.58
	December 31, 2005	159,999		9.9194	to		12.4233		1,723,614	-		1.15		to	1.40		(4.04	)	to	(3.78	)
	December 31, 2004	191,347		10.3348	to		12.9461		2,146,797	-		1.15		to	1.40		9.31		to	9.61
	December 31, 2003	117,857		9.4525	to		11.8432		1,301,976	-		1.15		to	1.40		46.47		to	46.86
FL1
	December 31, 2007	2,960,551		17.1579	to		21.6752		53,222,657	0.72		1.15		to	2.35		14.53		to	15.95
	December 31, 2006	3,375,023		14.9042	to		18.7322		52,495,890	1.01		1.15		to	2.35		8.82		to	10.15
	December 31, 2005	3,226,194		13.6266	to		17.0399		45,777,748	0.12		1.15		to	2.35		13.91		to	15.31
	December 31, 2004	2,876,581		11.9014	to		14.8074		35,659,207	0.19		1.15		to	2.35		12.45		to	13.83
	December 31, 2003	2,230,010		10.5300	to		13.0346		24,392,563	0.25		1.15		to	2.30		20.05		to	26.72
FL2
	December 31, 2007	646,769		15.1319	to		24.0207		10,363,716	2.89		1.15		to	2.10		14.58		to	15.70
	December 31, 2006	711,657		13.1723	to		20.8036		9,879,973	0.70		1.15		to	2.10		15.31		to	16.42
	December 31, 2005	786,753		11.3948	to		17.9632		9,371,943	0.53		1.15		to	2.10		16.30		to	17.42
	December 31, 2004	931,307		9.7732	to		15.3834		9,479,881	1.08		1.15		to	2.10		10.93		to	12.01
	December 31, 2003	975,952		8.7879	to		13.8113		8,843,340	0.48		1.15		to	2.10		40.04		to	41.39
FL3
	December 31, 2007	5,224,408		10.4927	to		19.0282		62,272,502	0.41		1.00		to	2.55		23.41		to	25.39
	December 31, 2006	7,077,916		8.4411	to		15.2298		67,154,752	0.16		1.00		to	2.55		3.86		to	5.51
	December 31, 2005	7,227,275		8.0694	to		14.4856		65,376,984	0.28		1.00		to	2.55		2.82		to	4.45
	December 31, 2004	7,870,040		7.7923	to		13.9175		68,251,070	0.13		1.15		to	2.55		0.49		to	2.09
	December 31, 2003	6,986,042		7.6992	to		13.6813		58,659,774	0.10		1.00		to	2.55		18.46		to	31.22
FTG
	December 31, 2007	368,037		18.7217	to		20.8291		7,471,651	1.41		1.15		to	2.25		0.03		to	1.18
	December 31, 2006	445,167		18.6869	to		20.5868		9,015,857	1.31		1.15		to	2.25		19.08		to	20.43
	December 31, 2005	400,641		15.6693	to		17.0948		6,741,828	1.11		1.15		to	2.25		6.42		to	7.63
	December 31, 2004	307,055		14.7014	to		15.8831		4,826,714	0.98		1.15		to	2.25		13.41		to	14.70
	December 31, 2003	100,517		12.9432	to		13.8470		1,378,832	2.23		1.15		to	2.25		29.17		to	30.63
FTI
	December 31, 2007	323,272		21.7035	to		24.0883		7,600,283	2.03		1.00		to	2.10		13.02		to	14.30
	December 31, 2006	448,566		19.2033	to		21.0752		9,262,053	1.21		1.00		to	2.10		18.90		to	20.23
	December 31, 2005	369,103		16.1505	to		17.5284		6,341,480	1.17		1.00		to	2.10		7.86		to	9.07
	December 31, 2004	305,720		14.9733	to		16.0707		4,833,764	1.03		1.00		to	2.10		16.03		to	17.34
	December 31, 2003	209,950		12.9043	to		13.6958		2,840,756	1.28		1.00		to	2.10		29.44		to	30.89
GS2
	December 31, 2007	222,304		12.4053	to		17.5808		3,256,016	0.30		1.00		to	1.85		(18.04	)	to	(17.32	)
	December 31, 2006	315,753		14.9563	to		21.2942		5,732,748	0.58		1.00		to	1.85		10.20		to	11.15
	December 31, 2005	412,887		13.5653	to		19.1845		6,771,886	0.25		1.00		to	1.85		4.11		to	5.01
	December 31, 2004	421,700		13.1119	to		18.2944		6,663,954	0.18		1.15		to	1.85		14.17		to	15.00
	December 31, 2003	537,797		11.4610	to		15.9079		7,512,286	0.27		1.15		to	1.85		43.31		to	44.35
GS3
	December 31, 2007	980,655		9.2642	to		17.5793		11,142,824	0.94		1.15		to	2.10		(3.71	)	to	(2.75	)
	December 31, 2006	1,208,918		9.5911	to		18.1161		14,346,228	1.04		1.15		to	2.10		10.53		to	11.61
	December 31, 2005	1,374,302		8.6512	to		16.2665		14,963,423	0.75		1.15		to	2.10		4.28		to	5.30
	December 31, 2004	1,604,359		8.2707	to		15.4805		16,491,554	1.14		1.15		to	2.10		12.52		to	13.63
	December 31, 2003	1,694,905		7.3278	to		13.6530		15,298,517	0.71		1.15		to	2.10		26.76		to	28.00
GS4
	December 31, 2007	529,518		12.3973	to		14.5961		7,144,769	1.62		1.15		to	1.85		(0.39	)	to	0.33
	December 31, 2006	627,538		12.4208	to		14.5940		8,533,304	1.86		1.15		to	1.85		20.37		to	21.24
	December 31, 2005	598,426		10.2980	to		12.0753		6,675,346	1.60		1.15		to	1.85		2.01		to	2.75
	December 31, 2004	643,199		10.0745	to		11.7893		7,051,742	1.59		1.15		to	1.85		16.60		to	17.44
	December 31, 2003	642,298		8.6229	to		10.0702		5,995,111	1.33		1.15		to	1.85		22.06		to	22.95

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
GS5
	December 31, 2007	511,690	$	11.0611	to	$	15.6240	$	7,019,411	1.19	%	1.15	%	to	1.85	%	5.88	%	to	6.65		%
	December 31, 2006	688,435		10.4417	to		14.6890		8,919,823	1.58		1.15		to	1.85		19.85		to	20.72
	December 31, 2005	771,158		8.7078	to		12.2003		8,397,043	0.30		1.15		to	1.85		11.61		to	12.41
	December 31, 2004	993,729		7.7983	to		10.8819		9,614,462	1.23		1.15		to	1.85		11.38		to	12.19
	December 31, 2003	965,025		6.9980	to		9.7254		8,349,977	4.23		1.15		to	1.85		32.99		to	33.95
GS7
	December 31, 2007	277,254		9.8770	to		16.4867		3,019,469	0.17		1.15		to	2.10		7.81		to	8.86
	December 31, 2006	330,345		9.1384	to		15.1760		3,291,217	0.13		1.15		to	2.10		6.29		to	7.31
	December 31, 2005	326,430		8.5761	to		14.1702		3,027,975	0.14		1.15		to	2.10		0.63		to	1.76
	December 31, 2004	444,078		8.4876	to		13.9531		4,134,445	0.83		1.15		to	2.25		6.63		to	7.83
	December 31, 2003	351,482		7.9276	to		12.9662		3,099,739	0.31		1.15		to	2.10		21.14		to	22.32
JP1
	December 31, 2007	560,270		8.4546	to		11.2795		5,881,816	1.13		1.15		to	1.85		(0.23	)	to	0.50
	December 31, 2006	735,943		8.4698	to		11.2515		7,746,304	1.04		1.15		to	1.85		14.42		to	15.25
	December 31, 2005	940,914		7.3984	to		9.7866		8,730,509	1.30		1.15		to	1.85		(0.52	)	to	0.20
	December 31, 2004	1,162,485		7.4332	to		9.7910		10,721,269	0.82		1.15		to	1.85		7.46		to	8.24
	December 31, 2003	1,418,266		6.9138	to		9.0681		12,067,198	0.77		1.15		to	1.85		25.77		to	26.68
JP2
	December 31, 2007	247,671		11.6414	to		16.2779		3,429,750	1.12		1.15		to	1.85		7.30		to	8.08
	December 31, 2006	340,519		10.8274	to		15.1011		4,337,554	1.03		1.15		to	1.85		19.79		to	20.66
	December 31, 2005	400,367		9.0205	to		12.5492		4,290,845	0.90		1.15		to	1.85		8.65		to	9.44
	December 31, 2004	496,484		8.2854	to		11.4974		4,893,824	0.59		1.15		to	1.85		16.18		to	17.02
	December 31, 2003	573,871		7.1172	to		9.8513		4,867,038	0.84		1.15		to	1.85		29.99		to	30.94
JP3
	December 31, 2007	281,192		10.5860	to		17.2346		3,793,017	-		1.15		to	1.85		(7.42	)	to	(6.75		)
	December 31, 2006	366,045		11.4116	to		18.4817		5,336,837	-		1.15		to	1.85		12.88		to	13.70
	December 31, 2005	458,734		10.0886	to		16.2545		5,962,869	-		1.15		to	1.85		1.51		to	2.24
	December 31, 2004	511,581		9.9185	to		15.9112		6,626,292	-		1.15		to	1.85		24.81		to	25.72
	December 31, 2003	526,385		7.9305	to		12.6899		5,479,284	-		1.15		to	1.85		33.46		to	34.43
LCI
	December 31, 2007 (b)	176,830			10.0198				1,785,195	-				1.40					0.20
LMI
	December 31, 2007 (b)	53,713			9.5060				510,603	-				1.40					(4.94)
SB1
	December 31, 2007 (a)	-			-				-	0.32				1.40					5.00
	December 31, 2006	26,478			19.7946				524,148	1.14				1.40					16.49
	December 31, 2005	40,865			16.9932				694,460	0.84				1.40					2.61
	December 31, 2004	43,010			16.5603				712,430	0.54				1.40					6.81
	December 31, 2003	45,933			15.5041				712,300	0.26				1.40					37.12
SB2
	December 31, 2007	35,049			16.3700				573,793	1.27				1.40					2.46
	December 31, 2006	34,312			15.9771				548,234	1.49				1.40					16.63
	December 31, 2005	42,537			13.6989				582,749	1.18				1.40					5.06
	December 31, 2004	46,159			13.0390				601,852	1.46				1.40					8.85
	December 31, 2003	45,865			11.9790				549,419	1.44				1.40					30.51
SB3
	December 31, 2007	104,249			15.3823				1,632,981	4.61				1.40					.58
	December 31, 2006	134,982			15.2939				2,095,175	4.75				1.40					3.58
	December 31, 2005	196,147			14.7654				2,927,433	4.70				1.40					1.06
	December 31, 2004	208,946			14.6110				3,084,437	4.61				1.40					5.17
	December 31, 2003	227,701			13.8926				3,194,920	5.04				1.40					11.67
SB4
	December 31, 2007 (a)	-			-				-	0.81				1.40					2.91
	December 31, 2006	167,669			13.3744				2,256,213	1.95				1.40					11.01
	December 31, 2005	269,408			12.0476				3,258,897	1.83				1.40					1.89
	December 31, 2004	311,151			11.8238				3,692,182	1.77				1.40					7.23
	December 31, 2003	303,978			11.0262				3,364,835	1.77				1.40					14.32
LA
	December 31, 2007	9,829,811		12.8223	to		18.5163		152,368,280	1.11		1.00		to	2.55		0.79		to		2.40
	December 31, 2006	12,077,052		12.6831	to		18.1473		183,726,953	1.21		1.00		to	2.55		14.29		to		16.10
	December 31, 2005	13,621,201		11.0632	to		15.6855		179,639,968	0.95		1.00		to	2.55		0.62		to		2.22
	December 31, 2004	14,554,694		10.9612	to		15.3996		188,671,788	0.86		1.00		to	2.55		9.77		to		11.52
	December 31, 2003	14,220,415		9.9546	to		13.8575		165,999,819	0.73		1.00		to	2.55		19.13		to		29.70

(a)  Sub-Account closed on April 30, 2007.

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of C

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
LA2
	December 31, 2007	5,381,998	$	14.1437	to	$	18.8622	$	87,982,040	0.39	%	1.00	%	to	2.55	%	(2.00	)%	to	(0.43	)%
	December 31, 2006	6,489,218		14.3876	to		19.0113		106,667,041	0.48		1.00		to	2.55		9.38		to	11.11
	December 31, 2005	7,264,902		13.1139	to		17.1707		108,021,104	0.44		1.00		to	2.55		5.47		to	7.14
	December 31, 2004	7,462,770		12.3957	to		16.0827		104,214,749	0.31		1.00		to	2.55		20.87		to	22.80
	December 31, 2003	6,889,740		10.2236	to		13.1433		78,536,192	0.64		1.00		to	2.55		20.80		to	23.51
LA3
	December 31, 2007	379,864		16.8576	to		27.6210		6,910,229	0.79		1.15		to	2.35		2.26		to	3.52
	December 31, 2006	463,713		16.4012	to		26.8319		8,172,419	0.44		1.15		to	2.35		26.05		to	27.60
	December 31, 2005	389,684		12.9454	to		21.1461		5,368,719	-		1.15		to	2.35		23.66		to	25.18
	December 31, 2004	358,522		10.4151	to		16.9868		3,909,396	0.16		1.15		to	2.10		18.17		to	19.31
	December 31, 2003	213,445		8.7914	to		14.3168		1,964,050	2.12		1.15		to	2.10		38.29		to	39.63
CAS
	December 31, 2007	809,834		5.9407	to		10.1513		6,655,013	0.20		1.15		to	1.85		9.07		to	9.87
	December 31, 2006	1,151,127		5.4355	to		9.2625		8,688,269	0.20		1.15		to	1.85		4.41		to	5.16
	December 31, 2005	1,463,097		5.1523	to		8.8293		10,574,215	0.57		1.15		to	1.85		(0.95	)	to	(0.23	)
	December 31, 2004	1,891,535		5.1988	to		8.8713		13,659,827	0.06		1.15		to	1.85		8.96		to	9.76
	December 31, 2003	2,125,014		4.7688	to		8.1028		13,902,670	-		1.15		to	1.85		26.33		to	27.42
EGS
	December 31, 2007	1,537,801		6.2488	to		14.0088		15,258,487	-		1.15		to	1.85		18.99		to	19.86
	December 31, 2006	2,138,440		5.2487	to		11.7166		17,551,250	-		1.15		to	1.85		6.03		to	6.80
	December 31, 2005	2,774,869		4.9478	to		10.9980		21,364,521	-		1.15		to	1.85		7.12		to	7.90
	December 31, 2004	3,432,360		4.6164	to		10.2179		24,693,466	-		1.15		to	1.85		11.14		to	11.95
	December 31, 2003	4,195,519		4.1515	to		9.1497		27,103,648	-		1.15		to	1.85		29.06		to	30.00
GSS
	December 31, 2007	1,590,552		13.0202	to		14.5990		22,149,346	4.98		1.15		to	1.85		5.19		to	5.95
	December 31, 2006	1,990,535		12.3657	to		13.8129		26,226,294	5.02		1.15		to	1.85		1.77		to	2.51
	December 31, 2005	2,528,616		12.1381	to		13.5081		32,610,320	4.82		1.15		to	1.85		0.42		to	1.14
	December 31, 2004	3,177,865		12.0756	to		13.3883		40,625,793	5.70		1.15		to	1.85		1.84		to	2.72
	December 31, 2003	4,388,719		11.8457	to		13.0842		54,863,853	4.54		1.00		to	1.85		0.26		to	1.13
HYS
	December 31, 2007	989,027		12.9068	to		14.1274		13,514,394	7.64		1.15		to	1.85		0.03		to	0.76
	December 31, 2006	1,358,379		12.8962	to		14.0511		18,484,001	8.26		1.15		to	1.85		8.36		to	9.14
	December 31, 2005	1,596,264		11.8957	to		12.9020		19,954,232	8.80		1.15		to	1.85		0.31		to	1.04
	December 31, 2004	2,128,350		11.8530	to		12.8513		26,416,955	7.83		1.15		to	1.85		7.51		to	8.30
	December 31, 2003	2,531,621		11.0191	to		11.8805		29,117,142	8.96		1.15		to	1.85		19.20		to	20.06
M1A
	December 31, 2007	2,976,821		10.4434	to		16.8778		36,389,607	-		1.15		to	2.55		(0.35	)	to	1.09
	December 31, 2006	3,582,266		10.4473	to		16.7291		42,869,371	-		1.15		to	2.55		10.02		to	11.60
	December 31, 2005	4,043,848		9.4664	to		15.0204		43,360,384	-		1.00		to	2.55		2.29		to	3.91
	December 31, 2004	4,509,615		9.2263	to		14.5064		46,625,744	-		1.00		to	2.55		4.47		to	6.14
	December 31, 2003	4,285,431		8.8040	to		13.7157		40,995,153	-		1.00		to	2.55		22.94		to	33.66
M1B
	December 31, 2007	755,576		10.4829	to		16.0210		8,360,777	-		1.15		to	2.10		8.92		to	9.98
	December 31, 2006	887,008		9.6001	to		14.5972		9,006,080	-		1.15		to	2.10		5.16		to	6.18
	December 31, 2005	1,009,270		9.1054	to		13.7750		9,646,490	0.28		1.00		to	2.10		1.97		to	3.12
	December 31, 2004	1,147,235		8.9065	to		13.4059		10,664,342	-		1.00		to	2.10		7.05		to	8.26
	December 31, 2003	1,302,763		8.2983	to		12.4271		11,315,398	-		1.00		to	2.10		20.27		to	21.62
MFC
	December 31, 2007	705,076		13.6050	to		14.8509		9,883,130	7.47		1.00		to	2.10		(0.58	)	to	0.54
	December 31, 2006	886,780		13.6739	to		14.8237		12,419,302	8.03		1.00		to	2.10		7.74		to	8.95
	December 31, 2005	1,040,497		12.6595	to		13.6546		13,434,901	8.52		1.00		to	2.10		(0.35	)	to	0.92
	December 31, 2004	1,255,887		12.6361	to		13.5996		16,139,308	7.41		1.00		to	2.25		6.90		to	8.27
	December 31, 2003	1,401,637		11.7873	to		12.6501		16,730,020	8.78		1.00		to	2.25		18.48		to	20.00
MFD
	December 31, 2007	95,532		9.8452	to		16.6040		1,036,045	-		1.15		to	2.05		8.64		to	9.64
	December 31, 2006	120,119		9.0437	to		15.1745		1,196,155	-		1.15		to	2.05		3.89		to	4.84
	December 31, 2005	159,853		8.6877	to		14.5036		1,507,529	0.37		1.15		to	2.05		(1.42	)	to	(0.52	)
	December 31, 2004	228,056		8.7952	to		14.6089		2,141,711	-		1.15		to	2.05		8.51		to	9.51
	December 31, 2003	203,868		8.0892	to		13.3679		1,705,423	-		1.15		to	2.05		25.72		to	26.87

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
MFE
	December 31, 2007	587,901	$	21.1610	to	$	36.2685	$	13,603,597	1.15	%	1.15	%	to	2.35	%	25.25	%	to	26.80	%
	December 31, 2006	649,991		16.8080	to		28.6611		11,714,964	2.74		1.15		to	2.35		28.87		to	30.45
	December 31, 2005	666,466		12.9764	to		22.0157		9,136,391	0.84		1.15		to	2.35		14.23		to	15.63
	December 31, 2004	683,728		11.3020	to		19.0781		8,083,886	1.75		1.15		to	2.30		27.02		to	28.52
	December 31, 2003	711,851		8.8571	to		14.8751		6,513,154	2.44		1.15		to	2.30		32.90		to	34.47
MFF
	December 31, 2007	139,120		11.9589	to		20.5739		1,902,492	-		1.15		to	2.15		18.39		to	19.60
	December 31, 2006	156,051		10.0706	to		17.2370		1,776,918	-		1.15		to	2.15		5.39		to	6.46
	December 31, 2005	256,526		9.5267	to		16.2236		2,678,183	-		1.15		to	2.15		6.40		to	7.65
	December 31, 2004	296,488		8.9127	to		15.1013		2,851,183	-		1.15		to	2.30		10.36		to	11.66
	December 31, 2003	334,738		8.0389	to		13.5516		2,853,477	-		1.15		to	2.30		28.12		to	29.63
MFJ
	December 31, 2007	4,939,318		12.4533	to		15.2961		67,895,949	2.78		1.15		to	2.55		1.41		to	2.87
	December 31, 2006	5,555,631		12.2428	to		14.8995		74,607,009	2.59		1.15		to	2.55		9.06		to	10.62
	December 31, 2005	6,231,478		11.1911	to		13.4958		76,077,049	2.48		1.15		to	2.55		0.20		to	1.63
	December 31, 2004	6,635,879		11.1349	to		13.3058		80,195,913	2.43		1.15		to	2.55		8.30		to	10.03
	December 31, 2003	5,722,681		10.2496	to		12.1359		62,680,373	2.74		1.00		to	2.55		9.69		to	15.66
MFK
	December 31, 2007	1,607,136		10.8215	to		12.4309		19,118,680	4.73		1.00		to	2.30		4.44		to	5.83
	December 31, 2006	1,799,514		10.4510	to		11.7457		20,350,912	4.75		1.00		to	2.25		1.15		to	2.44
	December 31, 2005	2,166,389		10.3163	to		11.4658		24,058,659	4.51		1.00		to	2.25		(0.28	)	to	0.99
	December 31, 2004	2,514,641		10.3297	to		11.3535		27,798,546	5.40		1.00		to	2.25		1.21		to	2.51
	December 31, 2003	3,381,658		10.1901	to		11.0752		36,675,804	4.46		1.00		to	2.25		(0.42	)	to	0.85
MFL
	December 31, 2007	498,656		11.9080	to		17.1505		6,264,845	0.98		1.15		to	2.30		3.25		to	4.47
	December 31, 2006	553,299		11.4804	to		16.4504		6,657,433	0.64		1.15		to	2.30		10.45		to	11.74
	December 31, 2005	604,951		10.3470	to		14.7514		6,547,574	0.83		1.15		to	2.30		4.96		to	6.19
	December 31, 2004	641,452		9.8134	to		13.9200		6,549,300	0.84		1.15		to	2.30		9.16		to	10.45
	December 31, 2003	716,658		8.9484	to		12.6285		6,749,487	0.92		1.15		to	2.30		19.64		to	21.04
MIS
	December 31, 2007	2,087,025		6.8931	to		10.0495		17,249,482	0.38		1.15		to	1.85		9.45		to	10.25
	December 31, 2006	2,762,033		6.2945	to		9.1187		20,948,619	0.10		1.15		to	1.85		5.68		to	6.44
	December 31, 2005	3,336,892		5.9532	to		8.5938		23,869,194	0.52		1.15		to	1.85		2.45		to	3.33
	December 31, 2004	4,227,994		5.8080	to		8.3545		29,345,425	0.07		1.00		to	1.85		7.58		to	8.51
	December 31, 2003	5,040,025		5.3962	to		7.7346		32,510,969	-		1.00		to	1.85		21.11		to	22.15
MIT
	December 31, 2007	1,506,689		9.9441	to		11.9980		16,361,842	1.19		1.15		to	1.85		3.98		to	4.74
	December 31, 2006	1,969,866		9.5587	to		11.4918		20,600,552	0.82		1.15		to	1.85		11.21		to	12.02
	December 31, 2005	2,375,230		8.5905	to		10.2913		22,262,175	0.97		1.15		to	1.85		5.72		to	6.48
	December 31, 2004	2,926,859		8.1218	to		9.6953		25,813,920	1.02		1.15		to	1.85		9.91		to	10.71
	December 31, 2003	3,429,237		7.3857	to		8.7853		27,388,470	1.14		1.15		to	1.85		20.56		to	21.44
MMS
	December 31, 2007	187,063			12.1232				2,267,473	4.77				1.40					3.39
	December 31, 2006	173,945			11.7252				2,039,422	4.54				1.40					3.15
	December 31, 2005	213,236			11.3667				2,423,775	2.61				1.40					1.31
	December 31, 2004	318,670			11.2203				3,575,629	0.84				1.40					(0.57)
	December 31, 2003	298,820			11.2846				3,372,148	0.63				1.40					(0.76)
NWD
	December 31, 2007	2,511,288		8.4564	to		16.2527		27,392,315	-		1.15		to	1.85		0.65		to	1.39
	December 31, 2006	3,093,225		8.3974	to		16.0305		34,373,698	-		1.15		to	1.85		11.08		to	11.89
	December 31, 2005	3,540,321		7.5558	to		14.3274		35,744,970	-		1.15		to	1.85		3.27		to	4.16
	December 31, 2004	4,180,165		7.3132	to		13.7746		40,726,503	-		1.00		to	1.85		5.49		to	6.41
	December 31, 2003	4,304,375		6.9289	to		12.9631		39,569,126	-		1.00		to	1.85		32.79		to	33.94
TRS
	December 31, 2007	2,539,605		13.6838	to		16.2192		39,050,127	3.07		1.15		to	1.85		2.38		to	3.13
	December 31, 2006	3,237,526		13.3518	to		15.7774		48,449,342	2.78		1.15		to	1.85		10.15		to	10.95
	December 31, 2005	3,564,758		12.1091	to		14.2654		48,229,715	2.64		1.15		to	1.85		1.12		to	1.85
	December 31, 2004	4,027,577		11.9625	to		14.0500		53,629,734	2.52		1.15		to	1.85		9.40		to	10.35
	December 31, 2003	4,431,211		10.9232	to		12.7901		53,649,144	3.27		1.00		to	1.85		14.98		to	15.98

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio					Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**					lowest to highest***
UTS
	December 31, 2007	1,671,698	$	17.3787	to	$	26.6188	$	36,943,184	1.34	%	1.15	%	to	1.85	%	26.19	%	to	27.11	%
	December 31, 2006	2,062,507		13.7649	to		20.9977		36,212,848	2.93		1.15		to	1.85		29.84		to	30.78
	December 31, 2005	2,469,647		10.5958	to		16.0981		34,261,206	1.00		1.15		to	1.85		15.13		to	15.96
	December 31, 2004	2,734,745		9.1987	to		13.9190		32,174,241	1.97		1.15		to	1.85		27.96		to	28.89
	December 31, 2003	3,072,250		7.1853	to		10.8282		28,239,267	3.20		1.15		to	1.85		33.74		to	34.71
OP1
	December 31, 2007	224,003		13.7923	to		14.1961		3,177,768	0.61		1.15		to	1.70		2.33		to	2.92
	December 31, 2006	287,548		13.4011	to		13.8277		3,973,599	0.48		1.15		to	1.70		13.33		to	13.97
	December 31, 2005	408,070		11.7581	to		12.1623		5,002,406	0.43		1.15		to	1.70		5.23		to	5.83
	December 31, 2004	472,824		11.1105	to		11.5207		5,452,107	1.01		1.15		to	1.70		10.02		to	10.65
	December 31, 2003	572,983		10.0409	to		10.4385		5,990,517	1.41		1.15		to	1.70		26.20		to	27.11
OP2
	December 31, 2007	155,858		28.8803	to		31.7699		4,827,432	-		1.15		to	1.85		5.24		to	6.01
	December 31, 2006	257,601		27.3115	to		29.9696		7,543,059	-		1.15		to	1.85		10.97		to	11.78
	December 31, 2005	344,254		24.4939	to		26.8118		9,043,610	-		1.15		to	1.85		14.04		to	14.87
	December 31, 2004	405,762		21.3760	to		23.3597		9,290,313	0.10		1.15		to	1.70		17.13		to	17.98
	December 31, 2003	476,073		18.1632	to		19.8527		9,245,289	-		1.15		to	1.85		29.98		to	30.92
OP3
	December 31, 2007	75,198		18.3792	to		25.1165		1,726,912	-		1.15		to	1.85		(1.30	)	to	(0.57	)
	December 31, 2006	107,735		18.5314	to		25.2617		2,462,130	-		1.15		to	1.85		21.80		to	22.68
	December 31, 2005	147,235		15.1430	to		20.5920		2,670,997	-		1.15		to	1.85		(1.79	)	to	(1.08	)
	December 31, 2004	173,617		15.3457	to		20.8163		3,170,666	0.05		1.15		to	1.85		15.70		to	16.54
	December 31, 2003	237,694		13.2005	to		17.8622		3,686,836	0.06		1.15		to	1.85		40.02		to	41.03
OP4
	December 31, 2007	62,458		12.9383	to		13.5407		840,036	2.07		1.15		to	1.60		1.29		to	1.77
	December 31, 2006	94,149		12.7736	to		13.3411		1,250,139	1.72		1.15		to	1.60		7.90		to	8.41
	December 31, 2005	110,184		11.8381	to		12.3391		1,353,995	1.32		1.15		to	1.60		3.60		to	4.09
	December 31, 2004	145,797		11.3997	to		11.8861		1,724,996	1.55		1.15		to	1.60		8.88		to	9.50
	December 31, 2003	175,394		10.4103	to		10.8835		1,898,569	1.92		1.15		to	1.70		19.50		to	20.37
PHY
	December 31, 2007	4,415,930		12.4791	to		16.2141		69,668,179	6.97		1.15		to	2.55		0.86		to	2.33
	December 31, 2006	5,350,402		12.3729	to		15.8451		82,874,501	6.90		1.15		to	2.55		6.33		to	7.87
	December 31, 2005	5,685,755		11.6362	to		14.6893		82,096,357	6.56		1.15		to	2.55		1.48		to	2.94
	December 31, 2004	5,662,497		11.4668	to		14.3060		79,762,456	6.60		1.15		to	2.55		6.76		to	8.47
	December 31, 2003	5,046,425		10.7405	to		13.2837		66,020,259	7.14		1.00		to	2.55		7.41		to	21.68
PMB
	December 31, 2007	2,757,129		13.7372	to		20.9396		54,986,532	5.75		1.00		to	2.55		3.11			4.76
	December 31, 2006	3,420,726		13.3229	to		19.9885		65,624,316	5.32		1.00		to	2.55		6.50			8.19
	December 31, 2005	3,718,255		12.5101	to		18.4759		66,498,698	5.04		1.00		to	2.55		7.97			9.68
	December 31, 2004	3,755,012		11.5871	to		16.7929		61,554,549	3.97		1.15		to	2.55		9.26			11.00
	December 31, 2003	3,397,699		10.6054	to		15.1763		50,681,753	4.91		1.00		to	2.55		6.05			30.37
PRR
	December 31, 2007	1,329,677		12.1133	to		12.9500		16,817,598	4.66		1.00		to	2.25		8.17			9.56
	December 31, 2006	1,490,902		11.1989	to		11.9027		17,298,770	4.20		1.00		to	2.25		(1.55	)		(0.29	)
	December 31, 2005	1,742,533		11.3747	to		12.0220		20,389,050	2.78		1.00		to	2.25		(1.15	)		1.08
	December 31, 2004	1,673,196		11.3967	to		11.9780		19,484,866	1.00		1.15		to	2.25		6.46			7.68
	December 31, 2003	1,364,548		10.7050	to		11.1879		14,822,118	2.41		1.15		to	2.25		6.40			7.62
PTR
	December 31, 2007	8,162,924		10.8948	to		12.3997		98,294,449	4.80		1.00		to	2.55		5.97			7.67
	December 31, 2006	9,778,093		10.2806	to		11.5166		109,967,519	4.41		1.00		to	2.55		1.21			2.82
	December 31, 2005	9,510,770		10.1577	to		11.2011		104,664,069	3.40		1.00		to	2.55		(0.15	)		1.43
	December 31, 2004	9,586,165		10.1732	to		11.0931		104,630,759	1.89		1.00		to	2.55		2.21			3.84
	December 31, 2003	8,040,150		9.9532	to		10.7591		85,028,589	2.79		1.00		to	2.55		(0.47	)		3.99
RX1
	December 31, 2007	55,231		9.4664	to		19.5536		559,869	1.19		1.15		to	2.10		(1.01	)		(0.04	)
	December 31, 2006	94,698		9.5384	to		19.6421		1,011,577	1.02		1.15		to	2.10		16.78			17.91
	December 31, 2005	133,984		8.1474	to		16.7265		1,157,400	0.30		1.15		to	2.10		1.79			2.77
	December 31, 2004	137,931		7.9839	to		16.3411		1,155,170	0.04		1.15		to	2.10		12.21			13.30
	December 31, 2003	170,733		7.0970	to		14.4815		1,262,326	-		1.15		to	2.10		36.27			37.59

(d) For the period September 30, 2002 (commencement of operations) through December 31, 2002. Investment Income Ratio and Expense Ratio have been annualized.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(6) Financial Highlights - continued

		At December 31								For year ended December 31
				Unit Value						Investment		Expense Ratio							Total Return
		Units		lowest to highest					Net Assets	Income Ratio*		lowest to highest**							lowest to highest***
RX2
	December 31, 2007	112,688	$	8.6672	to	$	20.9092	$	1,175,624	-	%	1.15	%	to	2.10	%	15.34			%			to		16.46		%
	December 31, 2006	166,587		7.4955	to		18.0271		1,398,521	-		1.15		to	2.10		3.56						to		4.56
	December 31, 2005	151,690		7.2196	to		17.4308		1,270,177	-		1.15		to	2.10		(1.01			)			to		(0.05		)
	December 31, 2004	330,956		7.2744	to		17.4743		2,922,248	-		1.15		to	2.10		7.04						to		8.09
	December 31, 2003	552,205		6.7783	to		16.1999		4,257,452	-		1.15		to	2.10		42.37						to		43.75
LCG
	December 31, 2007 (b)	1,874,035		10.1076	to		10.1574		19,070,731	-		1.15		to	1.85		1.08						to		1.57
LGF
	December 31, 2007 (b)	679,016		10.0712	to		10.1375		6,882,699	-		1.15		to	2.10		0.71						to		1.37
SC1
	December 31, 2007	7,339,311		10.0969	to		11.8753		80,562,531	4.73		1.15		to	2.50		2.24						to		3.68
	December 31, 2006	7,379,175		9.8503	to		11.4542		78,610,960	4.50		1.15		to	2.50		1.99						to		3.41
	December 31, 2005	8,209,391		9.6332	to		11.0760		85,985,670	2.69		1.15		to	2.50		0.20						to		1.73
	December 31, 2004	9,989,638		9.5899	to		10.9024		102,780,734	0.79		1.00		to	2.55		(1.84			)			to		(0.27		)
	December 31, 2003	9,408,598		9.7395	to		10.9475		97,978,157	0.56		1.00		to	2.50		(1.76			)			to		(0.46		)
SC2
	December 31, 2007	2,340,448		12.0980	to		14.4410		32,591,904	5.18		1.15		to	2.25		1.41						to		2.57
	December 31, 2006	2,789,424		11.9110	to		14.0786		38,062,816	5.13		1.15		to	2.10		3.20			)			to		4.21
	December 31, 2005	3,463,625		11.4816	to		13.5440		45,531,897	4.71		1.15		to	2.25		(0.32)						to		0.81
	December 31, 2004	3,916,087		11.5190	to		13.4781		51,252,953	4.82		1.15		to	2.25		4.02						to		5.21
	December 31, 2003	4,713,218		11.0977	to		12.8517		58,964,013	5.26		1.15		to	2.10		7.18						to		8.40
SC3
	December 31, 2007	2,146,464		19.3181	to		34.2561		58,482,574	1.39		1.15		to	2.55		(15.36			)			to		(14.13		)
	December 31, 2006	2,574,445		22.8241	to		39.8912		83,187,626	1.60		1.15		to	2.55		35.43						to		37.39
	December 31, 2005	3,158,457		16.8526	to		29.0351		74,380,506	1.61		1.15		to	2.55		6.88						to		8.43
	December 31, 2004	3,421,485		15.7675	to		26.7785		74,964,847	1.67		1.15		to	2.55		29.91						to		31.98
	December 31, 2003	3,686,003		12.1371	to		20.3175		61,894,047	-		1.00		to	2.55		21.37						to		34.59
SC5
	December 31, 2007	3,624,510		16.2396	to		28.6273		73,793,658	-		1.00		to	2.55		12.45						to		14.25
	December 31, 2006	4,734,629		14.3237	to		25.1727		85,190,179	-		1.00		to	2.55		8.47						to		10.19
	December 31, 2005	5,293,361		13.0984	to		22.9496		86,654,085	0.09		1.00		to	2.55		13.64						to		15.45
	December 31, 2004	5,905,259		11.4322	to		19.9695		84,049,652	-		1.00		to	2.55		13.17						to		14.98
	December 31, 2003	5,764,598		10.0189	to		17.4474		71,560,388	-		1.00		to	2.55		21.19						to		34.74
SC7
	December 31, 2007	3,652,592		12.3639	to		18.9608		47,881,059	0.54		1.00		to	2.30		1.82						to		3.19
	December 31, 2006	4,502,180		12.0865	to		18.4410		57,295,917	0.72		1.00		to	2.30		12.13						to		13.62
	December 31, 2005	4,560,454		10.7293	to		16.2875		51,167,524	0.71		1.00		to	2.30		7.21						to		8.63
	December 31, 2004	4,738,650		9.9620	to		15.0463		49,162,052	0.66		1.15		to	2.30		9.86						to		11.33
	December 31, 2003	4,594,007		9.0262	to		13.5636		42,970,532	0.58		1.00		to	2.30		27.50						to		29.20
SCB
	December 31, 2007	3,953,830		12.6907	to		18.9405		68,741,092	-		1.15		to	2.55			(3.97			)			to		(2.57		)
	December 31, 2006	4,668,685		13.1744	to		19.4423		82,938,137	-		1.15		to	2.55			10.71						to		12.31
	December 31, 2005	5,183,910		11.8636	to		17.3136		82,150,009	-		1.15		to	2.55			1.68						to		3.15
	December 31, 2004	5,487,756		11.6321	to		16.7874		84,451,283	-		1.15		to	2.55			15.40						to		17.24
	December 31, 2003	5,188,084		10.0485	to		14.4157		68,670,792	0.06		1.00		to	2.55			30.51						to		40.21
SCM
	December 31, 2007	115,211		13.8878	to		21.6290		1,804,243	0.68		1.15		to	2.35			(8.03				)		to		(6.90		)
	December 31, 2006	132,317		15.0546	to		23.2787		2,270,763	1.29		1.15		to	2.35			17.26						to		18.70
	December 31, 2005	162,783		12.7995	to		19.6517		2,309,787	0.10		1.15		to	2.35			(3.04				)		to		(1.85		)
	December 31, 2004	271,452		13.1607	to		20.0633		3,913,237	0.35		1.15		to	2.30			17.61						to		19.00
	December 31, 2003	201,242		11.1994	to		16.8941		2,371,760	2.09		1.15		to	2.30			49.38						to		51.13

(b)  For the period April 30, 2007 (commencement of operations) through December 31, 2007.

* Represents the dividends, excluding distributions of capital gains, received by the Sub-Account from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. The ratio excludes those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the underlying fund in which the Sub-Accounts invest.

** Ratio represents the annualized contract expenses of the Sub-Account, consisting primarily of mortality and expense charges. The ratio includes only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

*** Represents the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period.

Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity Select Freedom and Futurity Select Incentive Sub-Accounts Included in Sun Life of Canada (U.S.) Variable Account F

Notes to Financial Statements - continued

(7) Tax Diversification Requirements

Under the provisions of Section 817(h) of the Internal Revenue Code (the “Code”), a variable contract, other than a contract issued in connection with certain types of employee benefit plans, is not treated as an annuity contract for federal tax purposes for any period in which the investments of the segregated asset account on which the contract is based are not adequately diversified. The Code provides that the “adequately diversified” requirement may be met if the underlying investments satisfy either a statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of Treasury.

The Internal Revenue Service has issued regulations under Section 817(h) of the Code which allows the contract owner to avoid current taxation of both current and built-up earnings of the contract. The Sponsor believes that the Sub-Account satisfies the current requirements of the regulations, and it intends that the Sub-Account will continue to meet such requirements.

Report of Independent Registered Public Accounting Firm

To the Participants in Futurity, Futurity II, Futurity Focus, Futurity Accolade, Futurity Focus II, Futurity III, Futurity Select Four, Futurity Select Four Plus, Futurity Select Seven, Futurity select Freedom and Futurity Select Incentive Sub-Accounts of Sun Life of Canada (U.S.) Variable Account F and the Board of Directors of Sun Life Assurance Company of Canada (U.S.) (the “Sponsor”):

We have audited the accompanying statements of condition of AIM V.I. Core Equity Fund Series 2 Sub-Account, AIM V.I. Capital Appreciation Fund Sub-Account, AIM V.I. Core Equity Fund Sub-Account, AIM V.I. International Growth Fund Sub-Account, AIM V.I. Capital Appreciation Fund Series 2 Sub-Account, AIM V.I. International Growth Fund Series 2 Sub-Account, AIM V.I. Small Cap Equity Fund, AIM V.I. Dynamics Fund Sub-Account, AIM V.I. Small Company Growth Fund Sub-Account, Arnhold and S. Bleichroeder Advisers, Inc. First Eagle VFT Overseas Variable Series Sub-Account, Alger American Growth Portfolio Sub-Account, Alger American Income and Growth Portfolio Sub-Account, Alger American Small Capitalization Portfolio Sub-Account, Alliance VP Large Cap Growth Portfolio Sub-Account, Alliance VP Global Technology Portfolio Sub-Account, Alliance VP Growth and Income Portfolio Sub-Account, Alliance VP International Growth Portfolio Sub-Account, Alliance VP Small Cap Growth Portfolio Sub-Account, Credit Suisse Emerging Markets Portfolio Sub-Account, Credit Suisse International Focus Portfolio Sub-Account, Credit Suisse Global Small Cap Portfolio Sub-Account, Credit Suisse Small Cap Growth Portfolio Sub-Account, Fidelity VIP Contrafund Portfolio Sub-Account, Fidelity VIP Overseas Fund Portfolio Sub-Account, Fidelity VIP Growth Fund Portfolio Sub-Account, Franklin Templeton Growth Securities Fund Class 2 Sub-Account, Franklin Templeton Foreign Securities Fund Sub-Account, Goldman Sachs VIT Structured Small Cap Equity Fund Sub-Account, Goldman Sachs VIT Structured US Equity Fund Sub-Account, Goldman Sachs VIT Growth and Income Fund Sub-Account, Goldman Sachs VIT International Equity Fund Sub-Account, Goldman Sachs VIT Capital Growth Fund Sub-Account, J.P. Morgan US Large Cap Core Equity Portfolio Sub-Account, J.P. Morgan International Opportunities Portfolio Sub-Account, J.P. Morgan Small Company Portfolio Sub-Account, Legg Mason Capital and Income Portfolio, Legg Mason Fundamental Value Portfolio, Legg Mason All Cap Portfolio Sub-Account, Legg Mason Investors Sub-Account, Legg Mason Strategic Bond Portfolio Sub-Account, Legg Mason Total Return Portfolio Sub-Account, Lord Abbett Growth and Income Portfolio Sub-Account, Lord Abbett Mid Cap Value Portfolio Sub-Account, Lord Abbett International Portfolio Sub-Account, MFS/Sun Life Capital Appreciation Series Sub-Accounts, MFS/Sun Life Emerging Growth Series Sub-Account, MFS/Sun Life Government Securities Series Sub-Account, MFS/Sun Life High Yield Series Sub-Account, MFS/Sun Life New Discovery S Class Sub-Account,  MFS/Sun Life Massachusetts Investors Growth Stock S Class Sub-Account,  MFS/Sun Life High Yield S Class Sub-Account, MFS/Sun Life Capital Appreciation S Class Sub-Account, MFS/Sun Life Utilities S Class Sub-Account, MFS/Sun Life Emerging Growth S Class Sub-Account, MFS/Sun Life Total Return S Class Sub-Account, MFS/Sun Life Government Securities S Class Sub-Account, Massachusetts Investors Trust S class Sub-Account, Massachusetts Investors Growth Stock Series Sub-Account, Massachusetts Investors Trust Series Sub-Account, MFS/Sun Life Money Market Series Sub-Account, MFS/Sun Life New Discovery Series Sub-Account, MFS/Sun Life Total Return Series Sub-Account, MFS/Sun Life Utilities Series Sub-Account, OCC Equity Portfolio Sub-Account, OCC Mid Cap Value Portfolio Sub-Account, OCC Small Cap Portfolio Sub-Account, OCC Managed Portfolio Sub-Account, PIMCO VIT High Yield Portfolio Sub-Account, PIMCO VIT Emerging Markets Bond Portfolio Sub-Account, PIMCO VIT Real Return Portfolio Sub-Account, PIMCO VIT Total Return Portfolio Sub-Account, Rydex Nova Fund Sub-Account, Rydex OTC Fund Sub-Account, Sun Capital FI Large Cap Growth Fund I Class Sub-Account, Sun Capital FI Large Cap Growth Fund Sub-Account, Sun Capital Money Market Fund Sub-Account, Sun Capital Investment Grade Bond Fund Sub-Account, Sun Capital Real Estate Fund Sub-Account, Sun Capital Blue Chip Mid Cap Fund Sub-Account, Sun Capital Davis Venture Value Fund Sub-Account, Sun Capital Oppenheimer Main Street Small Cap Fund Sub-Account, and Sun Capital All Cap Fund Sub-Account of Sun Life of Canada (U.S.) Variable Account F (collectively the “Sub-Accounts”), as of December 31, 2007, and the related statements of operations for the year then ended and the statements of changes in net assets for each of the two years in the period then ended.  These financial statements are the responsibility of the Sponsor’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Sub-Accounts are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Sub-Accounts’ internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2007, by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of each of the Sub-Accounts as of December 31, 2007, the results of their operations for the year then ended and the changes in their net assets for each of the two years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

April 18, 2008

PART C

OTHER INFORMATION

Item 24. FINANCIAL STATEMENTS AND EXHIBITS

	A.	Condensed Financial Information - Accumulation Unit Values (Part A)
	B.	Financial Statements of the Depositor (Part B)
		1.	Consolidated Statements of Income, Years Ended December 31, 2007, 2006 and 2005;
		2.	Consolidated Balance Sheets, December 31, 2007 and 2006,
		3.	Consolidated Statements of Comprehensive Income, Years Ended December 31, 2007, 2006 and 2005;
		4.	Consolidated Statements of Stockholder's Equity, Years Ended December 31, 2007, 2006 and 2005;
		5.	Consolidated Statements of Cash Flows, Years Ended December 31, 2007, 2006 and 2005;
		6.	Notes to Consolidated Financial Statements; and
		7.	Report of Independent Registered Public Accounting Firm.
	C.	Financial Statements of the Registrant (Part B)
		1.	Statement of Condition, December 31, 2007;
		2.	Statement of Operations, Year Ended December 31, 2007;
		3.	Statements of Changes in Net Assets, Years Ended December 31, 2007 and December 31, 2006;
		4.	Notes to Financial Statements; and
		5.	Report of Independent Registered Public Accounting Firm.
(b)		The following Exhibits are incorporated in the Registration Statement by reference unless otherwise indicated:
(1)		Resolution of Board of Directors of the depositor dated December 3, 1985 authorizing the establishment of the Registrant (Incorporated herein by reference to the Registration Statement on Form N-4, File No. 333-37907, filed on October 14, 1997);
(2)		Not Applicable;
(3)(a)		Distribution Agreement between the Depositor, Massachusetts Financial Services Company and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998);
(3)(b)(i)		Specimen Sales Operations and General Agent Agreement (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998);
(3)(b)(ii)		Specimen Broker-Dealer Supervisory and Service Agreement (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998); and
(3)(b)(iii)		Specimen Registered Representatives Agent Agreement (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998);
(4)(a)		Specimen Flexible Payment Combination Fixed/Variable Group Annuity Contract (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-30844, filed on June 9, 2000);
(4)(b)		Specimen Certificate to be issued in connection with Contract filed as Exhibit 4(a) (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-30844, filed on June 9, 2000);
(4)(c)		Specimen Flexible Payment Combination Fixed/Variable Individual Annuity Contract (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-30844, filed on June 9, 2000);
(4)(d)		Specimen Revised Specification Page to be issued in connection with Certificate, filed as Exhibit 4(b) (Incorporated herein by reference to Post-Effective Amendment No. 4 to the Registration Statement on Form N-4, File No. 333-30844, filed on April 23, 2001);
(4)(e)		Specimen Revised Specification Page to be issued in connection with Individual Annuity Contract, filed as Exhibit 4(c) (Incorporated herein by reference to Post-Effective Amendment No. 4 to the Registration Statement on Form N-4, File No. 333-30844, filed on April 23, 2001);
(5)(a)		Specimen Application to be used with Contracts filed as Exhibits 4(a) and 4(c) (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-30844, filed on June 9, 2000);
(5)(b)		Specimen Application to be used with Certificate filed as Exhibit 4(b) (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-30844, filed on June 9, 2000);
(5)(c)		Specimen Revised Application to be used with Certificate, filed as Exhibit 4(b) and Contract, filed as Exhibit 4(c) (Incorporated herein by reference to Post-Effective Amendment No. 4 to the Registration Statement on Form N-4, File No. 333-30844, filed on April 23, 2001);
(6)(a)		Certificate of Incorporation of the Depositor (Incorporated herein by reference to Depositor's Form 10-K, File No. 333-82824, filed on March 29, 2004);
(6)(b)		By-Laws of the Depositor, as amended March 19, 2004 (Incorporated herein by reference to Depositor's Form 10-K, File No. 333-82824, filed on March 29, 2004);
(7)		Not Applicable;
(8)(a)		Participation Agreement by and between The Alger American Fund, the Depositor, and Fred Alger and Company, Incorporated (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration Statement on Form N-4, File No. 33-41628, filed April 26, 1999);
(8)(b)		Participation Agreement dated February 17, 1998 by and between Goldman Sachs Variable, Insurance Trust, Goldman Sachs & Co. and the Depositor (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration Statement on Form N-4, File No. 33-41628, filed April 26, 1999);
(8)(c)		Fund Participation Agreement between the Depositor and J.P. Morgan Services Trust II (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration Statement on Form N-4, File No. 33-41628, filed April 26, 1999);
(8)(d)		Amended and Restated Participation Agreement by and among MFS/Sun Life Services Trust, Sun Life Assurance Company of Canada (U.S.), Sun Life Insurance and Annuity Company of New York, and Massachusetts Financial Services Company (Incorporated herein by reference to Post-Effective Amendment No. 3 to the Registration Statement on Form N-4, File No. 333-107983, filed on May 28, 2004);
(8)(e)		Participation Agreement dated February 17, 1998 by and among OCC Accumulation Trust, the Depositor and OCC Distributors (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration Statement on Form N-4, File No. 33-41628, filed April 26, 1999);
(8)(f)		Participation Agreement dated February, 1998 by and among the Depositor, Warburg Pincus Trust, Warburg Pincus Asset Management, Inc. and Counsellors Securities, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration Statement on Form N-4, File No. 33-41628, filed April 26, 1999);
(8)(g)		Participation Agreement dated February 17, 1998 by and among the Depositor, AIM Variable Insurance Funds, Inc., AIM Distributors, Inc., and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-82957, filed on February 3, 2000);
(8)(h)		Amended and Restated Participation Agreement dated December 18, 2004, by and among Sun Capital Advisers Trust, Sun Capital Advisers, Inc. Sun Life Assurance Company of Canada (U.S.) and Sun Life Insurance and Annuity Company of New York (Incorporated herein by reference to Post-Effective Amendment No. 8 to Registration Statement on Form N-4, File No. 333-83516, filed on April 28, 2005);
(8)(i)		Participation Agreement dated as of February 17, 1998 by and among the Depositor, Salomon Brothers Variable Series Funds Inc., and Salomon Brothers Asset Management Inc. (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-41438 filed September 25, 2000);
(8)(j)		Participation Agreement dated April 30, 2001 by and among Rydex Variable Trust, Rydex Distributors, Inc., and Sun Life Assurance Company of Canada (U.S.). (Incorporated herein by reference to Post-Effective Amendment No. 7 to the Registration Statement on Form N-4 File No. 333-82957, filed July 27, 2001.)
(8)(k)		Participation Agreement dated December 1, 1996 by and among Sun Life Assurance Company of Canada (U.S.), Variable Insurance Products Funds, and Fidelity Distributors Corporation. (Incorporated herein by reference from Pre-Effective Amendment No. 1 to the Registration Statement on Form S-6. File No. 333-13087, filed January 1, 1997).
(8)(l)		Participation Agreement dated May 1, 2001 by and among Sun Life Assurance Company of Canada (U.S.), the Depositor, Alliance Capital Management L.P., and Alliance Fund Distributors, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 7 to the Registration Statement on Form N-4, File No. 333-82957, filed July 27, 2001).
(9)		Opinion of Counsel as to the legality of the securities being registered and Consent to its use (Incorporated herein by reference to the Registration Statement on Form N-4, File No. 333-83256, filed on February 22, 2002);
(10)(a)		Consent of Independent Registered Public Accounting Firm*;
(10)(b)		Representation of Counsel pursuant to Rule 485(b);*
(11)		Financial Statement Schedules I and VI (Incorporated herein by reference to the Depositor's Form 10-K Annual Report for the fiscal year ended December 31, 2007, filed on March 27, 2008);
(12)		Not Applicable;
(13)		Schedule for Computation of Performance Quotations (Incorporated herein by reference to Post-Effective Amendment No. 10 to the Registration Statement on Form N-4, File No. 33-41628, filed on April 29, 1998);
(14)		Not Applicable;
(15)(a)		Powers of Attorney;*
(15)(b)		Resolution of the Board of Directors of the depositor dated July 24, 2003, authorizing the use of powers of attorney for Officer signatures (Incorporated herein by reference to the Registration Statement of Keyport Variable Account A on Form N-4, File No. 333-112506, filed on February 5, 2004)
(16)		Organizational Chart (Incorporated herein by reference to Post-Effective Amendment No. 25 to the Registration Statement on Form N-4, File No. 333-83516, filed on February 12, 2008).

* Filed herewith

Item 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR

Name and Principal Business Address* Positions and Offices With Depositor

Thomas A. Bogart Sun Life Assurance Company of Canada 150 King Street West, SC 114D10 Toronto, Ontario Canada  M5H 1J9	Director and Chairman
Scott M. Davis Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 3358 Wellesley Hills, MA  02481	Senior Vice President and General Counsel and Director
Mary M. Fay Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 4250 Wellesley Hills, MA  02481	Senior Vice President and General Manager, Annuities and Director
Ronald H. Friesen Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 3380 Wellesley Hills, MA  02481	Senior Vice President and Chief Financial Officer and Treasurer and Director
Richard P. McKenney Sun Life Assurance Company of Canada 150 King Street West, SC 105D10 Toronto, Ontario Canada  M5H 1J9	Director
Robert C. Salipante Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 3376 Wellesley Hills, MA 02481	President and Director
James M.A. Anderson Sun Life Assurance Company of Canada 150 King Street West, SC 104A25 Toronto, Ontario Canada M5H 1J9	Executive Vice President and Chief Investment Officer
Michael S. Bloom Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 1335 Wellesley Hills, MA 02481	Assistant Vice President and Senior Counsel and Secretary
Keith Gubbay Sun Life Assurance Company of Canada  (U.S.) One Sun Life Executive Park, SC 3370 Wellesley Hills, MA  02481	Senior Vice President and Chief Actuary
Michael K. Moran Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 3305 Wellesley Hills, MA 02481	Vice President and Chief Accounting Officer
Michael E. Shunney Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park, SC 3364 Wellesley Hills, MA 02481	Senior Vice President and General Manager, Sun Life Financial Distribution Group
John R. Wright Sun Life Assurance Company of Canada (U.S.) One Sun Life Executive Park , SC 2163 Wellesley Hills, MA 02481	Executive Vice President, Sun Life Financial U.S. Operations

Item 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR REGISTRANT

No person is directly or indirectly controlled by the Registrant. The Registrant is a separate account of Sun Life Assurance Company of Canada (U.S.), which is ultimately controlled by Sun Life Financial Inc.

The organization chart of Sun Life Financial is incorporated by reference to Pre-Effective Amendment No. 25 to the Registration Statement on Form N-4, File No. 333-83516, filed February 12, 2008.

None of the companies listed in such Exhibit 16 is a subsidiary of the Registrant; therefore, the only financial statements being filed are those of Sun Life Assurance Company of Canada (U.S.).

Item 27. NUMBER OF CONTRACT OWNERS

As of March 31, 2008, there were 7,260 qualified and 9,938 non-qualified Contracts issued and outstanding.

Item 28. INDEMNIFICATION

Pursuant to Section 145 of the Delaware Corporation Law, Article 8 of the By-laws of Sun Life Assurance Company of Canada (U.S.), as amended effective as of January 1, 2000 (a copy of which is filed herewith), provides for the indemnification of directors, officers and employees of Sun Life Assurance Company of Canada (U.S.).

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of Sun Life Assurance Company of Canada (U.S.) pursuant to the certificate of incorporation, by-laws, or otherwise, Sun Life (U.S.) has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by Sun Life (U.S.) of expenses incurred or paid by a director, officer, controlling person of Sun Life (U.S.) in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, Sun Life (U.S.) will submit to a court of appropriate jurisdiction the question whether such indemnification by them is against public policy as expressed in the Act, unless in the opinion of their counsel the matter has been settled by controlling precedent, and will be governed by the final adjudication of such issue.

Item 29. PRINCIPAL UNDERWRITERS

(a) Clarendon Insurance Agency, Inc., a wholly-owned subsidiary of Sun Life Assurance Company of Canada (U.S.), acts as general distributor for the Registrant, Sun Life of Canada (U.S.) Variable Accounts C, D, E, G, I, and K, Keyport Variable Account A, KMA Variable Account, Keyport Variable Account I, KBL Variable Account A, KBL Variable Annuity Account, Sun Life (N.Y.) Variable Accounts A, B, C, D, and N, and Money Market Variable Account, High Yield Variable Account, Capital Appreciation Variable Account, Government Securities Variable Account, World Governments Variable Account, and Total Return Variable Account.

Name and Principal	Position and Offices
Business Address*	with Underwriter
James J. Cahill	President
Michele G. Van Leer	Director
Scott M. Davis	Director
Mary M. Fay	Director
Michael S. Bloom	Secretary
Ann B. Teixeira	Assistant Vice President, Compliance
Kathleen T. Baron	Chief Compliance Officer
Michael L. Gentile	Vice President
William T. Evers	Assistant Vice President and Senior Counsel
Jane F. Jette	Financial/Operations Principal and Treasurer
Alyssa Gair	Assistant Secretary
Michelle D'Albero	Counsel

*The principal business address of all directors and officers of the principal underwriter, is One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481.

(b) Inapplicable.

Item 30. LOCATION OF ACCOUNTS AND RECORDS

Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder are maintained, in whole or in part, by Sun Life Assurance Company of Canada (U.S.) at its offices at One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481, or at the offices of Clarendon Insurance Agency, Inc., at One Sun Life Executive Park, Wellesley Hills, Massachusetts 02481.

Item 31. MANAGEMENT SERVICES

Not Applicable.

Item 32. UNDERTAKINGS

The Registrant hereby undertakes:

(a)	To file a post-effective amendment to this Registration Statement as frequently as is necessary to ensure that the audited financial statements in the Registration Statement are never more than 16 months old for so 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 the 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 to send for a Statement of Additional Information;
(c)	To deliver any Statement of Additional Information and any financial statements required to be made available under SEC Form N-4 promptly upon written or oral request.
(d)	Representation with respect to Section 26(f)(2)(A)of the Investment Company Act of 1940: Sun Life Assurance Company of Canada (U.S.) represents that the fees and charges deducted under the Contracts, 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.

The Registrant is relying on the no-action letter issued by the Division of Investment Management of the Securities and Exchange Commission to American Council of Life Insurance, Ref. No. IP-6-88, dated November 28, 1988, the requirements for which have been complied with by the Registrant.

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements of Securities Act Rule 485(b) for effectiveness of this Post-Effective Amendment to the Registration Statement and has caused this Post-Effective Amendment to be signed on its behalf, in the Town of Wellesley Hills, and Commonwealth of Massachusetts on this 25th day of April, 2008.

SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F
(Registrant)
SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
(Depositor)
By: /s/ Robert C. Salipante*
	Robert C. Salipante President

*By:      /s/ Sandra M. DaDalt

             Sandra M. DaDalt

             Assistant Vice President and

             Senior Counsel

As required by the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities with the Depositor, Sun Life Assurance Company of Canada (U.S.), and on the dates indicated.

SIGNATURE	TITLE	DATE
/s/ Robert C. Salipante*	President and Director	April 25, 2008
Robert C. Salipante	(Principal Executive Officer)
/s/ Ronald H. Friesen*	Senior Vice President and Chief Financial Officer	April 25, 2008
Ronald H. Friesen	and Treasurer and Director
	(Principal Financial Officer)
/s/ Michael K. Moran*	Vice President and Chief Accounting Officer	April 25, 2008
Michael K. Moran	(Principal Accounting Officer)
*By: /s/ Sandra M. DaDalt	Attorney-in-Fact for:	April 25, 2008
Sandra M. DaDalt	Thomas A. Bogart, Director
	Scott M. Davis, Director
	Mary M. Fay, Director
	Richard P. McKenney, Director

*Sandra M. DaDalt has signed this document on the indicated date on behalf of the above Directors and Officers for the Depositor pursuant to powers or attorney duly executed by such persons and a resolution of the Board of Directors authorizing use of powers of attorney for Officer signatures.  Resolution of the Board of Directors is incorporated herein by reference to the Registration Statement of Keyport Variable Account A on Form N-4, File No. 333-112506, filed on or about February 5, 2004. Powers of attorney are included herein as Exhibit 15(a).

EXHIBIT INDEX

(10)(a) Consent of Independent Registered Public Accounting Firm

(10)(b) Representation of Counsel pursuant to Rule 485(b)

(15)(a) Powers of Attorney