Pacific Innovations Select - Performance Calculations

EX-99.13.(2) 5 dex99132.htm PACIFIC INNOVATIONS SELECT - PERFORMANCE CALCULATIONS Pacific Innovations Select - Performance Calculations

EXHIBIT 13(2)

Pacific Innovations Select Variable Annuity Separate Account

Schedule for Computation of Performance Quotations

Average Initial Premium = $65,000.

From Inception of Fund

	2			3			4			5			6			7			8			9			10			11			12
	Blue Chip			Aggressive Growth			Emerging Markets			Diversified Research			Small-Cap Equity			International Large-Cap			I-Net Tollkeeper			Financial Services			Health Sciences			Technology			Telecommunications
Start Date		01/02/2001			01/02/2001			04/01/1996			01/03/2000			12/31/1992			01/03/2000			05/01/2000			01/02/2001			01/02/2001			01/02/2001			01/02/2001
Beginning AUV		12.03201913			12.34413219			17.90878412			10.18686687			5.203178			14.88341523			21.20858388			10.92900236			12.57304151			16.84309245			14.32156115
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		7.019656			7.441268			9.747806			7.877182			8.487947			7.482136			5.584978			8.372945			8.611432			5.163472			3.907776
Days		728			728			2,465			1,093			3,652			1,093			974			728			728			728			728
Annual Fee	$	—		$	—		$	1.38		$	—		$	—		$	0.92		$	0.92		$	—		$	—		$	0.46		$	0.46
CDSC	$	35.10		$	35.10		$	—		$	23.40		$	—		$	23.40		$	23.40		$	35.10		$	35.10		$	35.10		$	35.10
Ending ERV	$	583.41		$	602.82		$	543.12		$	773.27		$	1,631.30		$	502.04		$	262.77		$	766.12		$	684.91		$	306.33		$	272.62
AATR W/Drawal		-27.33	%		-26.01	%		-8.65	%		-9.68	%		5.02	%		-22.53	%		-42.70	%		-15.68	%		-20.65	%		-49.91	%		-53.39	%
AATR Account		-23.67	%		-22.41	%		-8.64	%		-8.23	%		5.02	%		-20.56	%		-39.40	%		-12.50	%		-17.28	%		-44.74	%		-47.88	%

	13			14			15			16			17			18			19			20			21			22			23
	Multi-Strategy			Large-Cap Core			Strategic Value			Growth LT			Focused 30			Mid-Cap Value			International Value			Capital Opportunities			Mid-Cap Growth			Global Growth			Equity Index
Start Date		12/31/1992			12/31/1992			10/02/2000			01/04/1994			10/02/2000			01/04/1999			12/31/1992			01/02/2001			01/02/2001			01/02/2001			12/31/1992
Beginning AUV		5.236700287			4.509778941			10.92357756			3.076325442			15.88771832			8.146198853			5.923672516			11.27020381			13.3030078			11.41990014			3.807434549
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.825982			7.151786			7.222881			6.598541			7.733704			9.714806			7.655802			6.742874			5.534646			7.563682			7.618769
Days		3,652			3,652			820			3,283			820			1,457			3,652			728			728			728			3,652
Annual Fee	$	—		$	—		$	0.46		$	—		$	0.92		$	—		$	—		$	—		$	—		$	—		$	—
CDSC	$	—		$	—		$	23.40		$	—		$	23.40		$	—		$	—		$	35.10		$	35.10		$	35.10		$	—
Ending ERV	$	1,685.41		$	1,585.84		$	660.74		$	2,144.94		$	485.91		$	1,192.56		$	1,292.41		$	598.29		$	416.04		$	662.32		$	2,001.02
AATR W/Drawal		5.36	%		4.72	%		-18.92	%		8.85	%		-29.95	%		4.51	%		2.60	%		-26.32	%		-39.95	%		-22.09	%		7.18	%
AATR Account		5.36	%		4.72	%		-16.84	%		8.85	%		-27.48	%		4.51	%		2.60	%		-22.71	%		-35.58	%		-18.66	%		7.18	%

	24			25			26			27			28			29			30			31			32			33			34
	Small-Cap Index			Real Estate			Inflation Managed			Managed Bond			Money Market			High Yield Bond			Equity Income			Research			Equity			Aggressive Equity			Large-Cap Value
Start Date		01/04/1999			01/04/1999			12/31/1992			12/31/1992			12/31/1992			12/31/1992			01/02/2002			01/02/2002			12/31/1992			04/01/1996			01/04/1999
Beginning AUV		9.934352803			7.974204406			6.636079774			6.394746682			7.752255403			6.299490722			10			10			6.081659652			11.48684584			8.437782534
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.579058			10.724027			11.424145			11.236584			10.09454			9.148077			8.504355			7.753131			7.357734			8.115218			7.533509
Days		1,457			1,457			3,652			3,652			3,652			3,652			363			363			3,652			2,465			1,457
Annual Fee	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
CDSC	$	—		$	—		$	—		$	—		$	—		$	—		$	40.95		$	40.95		$	—		$	—		$	—
Ending ERV	$	863.57		$	1,344.84		$	1,721.52		$	1,757.16		$	1,302.14		$	1,452.19		$	850.44		$	775.31		$	1,209.82		$	706.48		$	892.83
AATR W/Drawal		-3.61	%		7.70	%		5.58	%		5.80	%		2.68	%		3.80	%		-21.26	%		-28.77	%		1.92	%		-5.02	%		-2.80	%
AATR Account		-3.61	%		7.70	%		5.58	%		5.80	%		2.68	%		3.80	%		-14.96	%		-22.47	%		1.92	%		-5.01	%		-2.80	%

Dollar Values are per $1000 of initial premium

Average Annual Total Return (AATR) of Surrender Value = [(ERV/$1000)^(365/# days)]-1

Pacific Innovations Select Variable Annuity Separate Account

Schedule for Computation of Performance Quotations

Average Initial Premium = $65,000.

From Inception of Separate Account

	2			3			4			5			6			7			8			9			10			11			12
	Blue Chip			Aggressive Growth			Emerging Markets			Diversified Research			Small-Cap Equity			International Large-Cap			I-Net Tollkeeper			Financial Services			Health Sciences			Technology			Telecommunications
Start Date		01/02/2001			01/02/2001			04/17/1996			01/03/2000			10/01/1999			01/03/2000			05/01/2000			01/02/2001			01/02/2001			01/02/2001			01/02/2001
Beginning AUV		12.03201913			12.34413219			18.09029501			10.18686687			12.068618			14.88341523			21.20858388			10.92900236			12.57304151			16.84309245			14.32156115
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		7.019656			7.441268			9.747806			7.877182			8.487947			7.482136			5.584978			8.372945			8.611432			5.163472			3.907776
Days		728			728			2,449			1,093			1,187			1,093			974			728			728			728			728
Annual Fee	$	—		$	—		$	0.92		$	—		$	0.92		$	0.92		$	0.92		$	—		$	—		$	0.46		$	0.46
CDSC	$	35.10		$	35.10		$	—		$	23.40		$	—		$	23.40		$	23.40		$	35.10		$	35.10		$	35.10		$	35.10
Ending ERV	$	583.41		$	602.82		$	538.02		$	773.27		$	702.38		$	502.04		$	262.77		$	766.12		$	684.91		$	306.33		$	272.62
AATR W/Drawal		-27.33	%		-26.01	%		-8.84	%		-9.68	%		-10.31	%		-22.53	%		-42.70	%		-15.68	%		-20.65	%		-49.91	%		-53.39	%
AATR Account		-23.67	%		-22.41	%		-8.82	%		-8.23	%		-10.29	%		-20.56	%		-39.40	%		-12.50	%		-17.28	%		-44.74	%		-47.88	%

	13			14			15			16			17			18			19			20			21			22			23
	Multi-Strategy			Large-Cap Core			Strategic Value			Growth LT			Focused 30			Mid-Cap Value			International Value			Capital Opportunities			Mid-Cap Growth			Global Growth			Equity Index
Start Date		01/02/1996			01/02/1996			10/02/2000			01/02/1996			10/02/2000			01/04/1999			01/02/1996			01/02/2001			01/02/2001			01/02/2001			01/02/1996
Beginning AUV		6.758201272			6.167752282			10.92357756			4.614106544			15.88771832			8.146198853			8.471506091			11.27020381			13.3030078			11.41990014			5.528140586
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.825982			7.151786			7.222881			6.598541			7.733704			9.714806			7.655802			6.742874			5.534646			7.563682			7.618769
Days		2,555			2,555			820			2,555			820			1,457			2,555			728			728			728			2,555
Annual Fee	$	—		$	—		$	0.46		$	—		$	0.92		$	—		$	—		$	—		$	—		$	—		$	—
CDSC	$	—		$	—		$	23.40		$	—		$	23.40		$	—		$	—		$	35.10		$	35.10		$	35.10		$	—
Ending ERV	$	1,305.97		$	1,159.54		$	660.74		$	1,430.08		$	485.91		$	1,192.56		$	903.71		$	598.29		$	416.04		$	662.32		$	1,378.18
AATR W/Drawal		3.89	%		2.14	%		-18.92	%		5.24	%		-29.95	%		4.51	%		-1.44	%		-26.32	%		-39.95	%		-22.09	%		4.69	%
AATR Account		3.89	%		2.14	%		-16.84	%		5.24	%		-27.48	%		4.51	%		-1.44	%		-22.71	%		-35.58	%		-18.66	%		4.69	%

	24			25			26			27			28			29			30			31			32			33			34
	Small-Cap Index			Real Estate			Inflation Managed			Managed Bond			Money Market			High Yield Bond			Equity Income			Research			Equity			Aggressive Equity			Large-Cap Value
Start Date		01/04/1999			01/04/1999			01/02/1996			01/02/1996			01/02/1996			01/02/1996			01/02/2002			01/02/2002			01/02/1996			04/17/1996			01/04/1999
Beginning AUV		9.934352803			7.974204406			7.894409577			7.741570618			8.292275301			8.456364421			10			10			7.046209472			11.38074529			8.437782534
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.579058			10.724027			11.424145			11.236584			10.09454			9.148077			8.504355			7.753131			7.357734			8.115218			7.533509
Days		1,457			1,457			2,555			2,555			2,555			2,555			363			363			2,555			2,449			1,457
Annual Fee	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
CDSC	$	—		$	—		$	—		$	—		$	—		$	—		$	40.95		$	40.95		$	—		$	—		$	—
Ending ERV	$	863.57		$	1,344.84		$	1,447.12		$	1,451.46		$	1,217.34		$	1,081.80		$	850.44		$	775.31		$	1,044.21		$	713.07		$	892.83
AATR W/Drawal		-3.61	%		7.70	%		5.42	%		5.47	%		2.85	%		1.13	%		-21.26	%		-28.77	%		0.62	%		-4.92	%		-2.80	%
AATR Account		-3.61	%		7.70	%		5.42	%		5.47	%		2.85	%		1.13	%		-14.96	%		-22.47	%		0.62	%		-4.92	%		-2.80	%

Dollar Values are per $1000 of initial premium

Average Annual Total Return (AATR) of Surrender Value = [(ERV/$1000)^(365/# days)]-1

Pacific Innovations Select Variable Annuity Separate Account

Schedule for Computation of Performance Quotations

Average Initial Premium = $65,000.

Last Year Ending 12/31/01

	2			3			4			5			6			7			8			9			10			11			12
	Blue Chip			Aggressive Growth			Emerging Markets			Diversified Research			Small-Cap Equity			International Large-Cap			I-Net Tollkeeper			Financial Services			Health Sciences			Technology			Telecommunications
Start Date		12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001
Beginning AUV		9.636367			9.739533			10.223707			10.564397			11.291872			9.234432			9.250265			9.966266			11.415094			9.783888			7.504709
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		7.019656			7.441268			9.747806			7.877182			8.487947			7.482136			5.584978			8.372945			8.611432			5.163472			3.907776
Annual Fee	$	0.46		$	0.46		$	—		$	0.46		$	0.46		$	—		$	0.46		$	—		$	0.46		$	0.46		$	0.46
CDSC	$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00
Ending ERV	$	727.99		$	763.57		$	953.45		$	745.17		$	751.22		$	810.24		$	603.30		$	840.13		$	753.93		$	527.29		$	520.25
AATR W/Drawal		-33.50	%		-29.94	%		-10.95	%		-31.78	%		-31.18	%		-25.28	%		-45.97	%		-22.29	%		-30.91	%		-53.57	%		-54.28	%
AATR Account		-27.20	%		-23.64	%		-4.65	%		-25.48	%		-24.88	%		-18.98	%		-39.67	%		-15.99	%		-24.61	%		-47.27	%		-47.98	%

	13			14			15			16			17			18			19			20			21			22			23
	Multi-Strategy			Large-Cap Core			Strategic Value			Growth LT			Focused 30			Mid-Cap Value			International Value			Capital Opportunities			Mid-Cap Growth			Global Growth			Equity Index
Start Date		12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001
Beginning AUV		10.321437			10.15514			9.432941			9.444883			11.137756			11.546033			9.040536			9.362259			10.622981			9.550378			9.974365
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.825982			7.151786			7.222881			6.598541			7.733704			9.714806			7.655802			6.742874			5.534646			7.563682			7.618769
Annual Fee	$	—		$	0.46		$	0.46		$	0.46		$	0.46		$	—		$	—		$	0.46		$	0.46		$	—		$	0.46
CDSC	$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00
Ending ERV	$	855.11		$	703.79		$	765.25		$	698.18		$	693.91		$	841.40		$	846.83		$	719.76		$	520.55		$	791.98		$	763.37
AATR W/Drawal		-20.79	%		-35.92	%		-29.78	%		-36.48	%		-36.91	%		-22.16	%		-21.62	%		-34.32	%		-54.25	%		-27.10	%		-29.96	%
AATR Account		-14.49	%		-29.62	%		-23.48	%		-30.18	%		-30.61	%		-15.86	%		-15.32	%		-28.02	%		-47.95	%		-20.80	%		-23.66	%

	24			25			26			27			28			29			30			31			32			33			34
	Small-Cap Index			Real Estate			Inflation Managed			Managed Bond			Money Market			High Yield Bond			Equity Income			Research			Equity			Aggressive Equity			Large-Cap Value
Start Date		12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001			12/31/2001
Beginning AUV		11.066871			10.937531			10.059906			10.29754			10.119319			9.58717			10			10			10.17839			11.014377			9.941374
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.579058			10.724027			11.424145			11.236584			10.09454			9.148077			8.504355			7.753131			7.357734			8.115218			7.533509
Annual Fee	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	0.46		$	0.46		$	0.46
CDSC	$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00		$	63.00
Ending ERV	$	775.20		$	980.48		$	1,135.61		$	1,091.19		$	997.55		$	954.20		$	850.44		$	775.31		$	722.42		$	736.32		$	757.33
AATR W/Drawal		-28.78	%		-8.25	%		7.26	%		2.82	%		-6.54	%		-10.88	%		-21.26	%		-28.77	%		-34.06	%		-32.67	%		-30.57	%
AATR Account		-22.48	%		-1.95	%		13.56	%		9.12	%		-0.24	%		-4.58	%		-14.96	%		-22.47	%		-27.76	%		-26.37	%		-24.27	%

Dollar Values are per $1000 of initial premium

Average Annual Total Return (AATR) of Surrender Value = [ERV/$1000]-1

Pacific Innovations Select Variable Annuity Separate Account

Schedule for Computation of Performance Quotations

Average Initial Premium = $65,000.

Last 3 Years ending 12/31/99

	2			3			4			5			6			7			8			9	10			11			12
	Blue Chip			Aggressive Growth			Emerging Markets			Diversified Research			Small-Cap Equity			International Large-Cap			I-Net Tollkeeper			Financial Services	Health Sciences			Technology			Telecommunications
Start Date		N/A			N/A			12/31/1999			12/31/1999			12/31/1999			12/31/1999			N/A		N/A		N/A			N/A			N/A
Beginning AUV								17.99298047			10.18686687			15.43546			14.88341523
End Date								12/31/2002			12/31/2002			12/31/2002			12/31/2002
Ending AUV								9.747806			7.877182			8.487947			7.482136
Annual Fee							$	1.38		$	—		$	1.38		$	0.92
CDSC							$	36.00		$	36.00		$	36.00		$	36.00
Ending ERV							$	540.46		$	773.27		$	548.76		$	501.88
AATR W/Drawal								-20.39	%		-9.66	%		-19.96	%		-22.48	%
AATR Account								-18.54	%		-8.21	%		-18.13	%		-20.53	%

	13			14			15			16			17			18			19			20	21			22			23
	Multi-Strategy			Large-Cap Core			Strategic Value			Growth LT			Focused 30			Mid-Cap Value			International Value			Capital Opportunities	Mid-Cap Growth			Global Growth			Equity Index
Start Date		12/31/1999			12/31/1999			N/A			12/31/1999			N/A			12/31/1999			12/31/1999		N/A		N/A			N/A			12/31/1999
Beginning AUV		10.71146957			12.34676285						17.69982001						8.431657139			13.49983785										12.93760544
End Date		12/31/2002			12/31/2002						12/31/2002						12/31/2002			12/31/2002										12/31/2002
Ending AUV		8.825982			7.151786						6.598541						9.714806			7.655802										7.618769
Annual Fee	$	—		$	0.46					$	0.92					$	—		$	0.92									$	0.46
CDSC	$	36.00		$	36.00					$	36.00					$	36.00		$	36.00									$	36.00
Ending ERV	$	823.97		$	578.78					$	372.02					$	1,152.18		$	566.25									$	588.42
AATR W/Drawal		-7.64	%		-18.43	%					-30.48	%					3.73	%		-19.06	%									-17.95	%
AATR Account		-6.25	%		-16.66	%					-28.08	%					4.84	%		-17.27	%									-16.20	%

	24			25			26			27			28			29			30			31	32			33			34
	Small-Cap Index			Real Estate			Inflation Managed			Managed Bond			Money Market			High Yield Bond			Equity Income			Research	Equity			Aggressive Equity			Large-Cap Value
Start Date		12/31/1999			12/31/1999			12/31/1999			12/31/1999			12/31/1999			12/31/1999			N/A		N/A		12/31/1999			12/31/1999			12/31/1999
Beginning AUV		11.66490117			7.843598101			8.915077789			8.891323892			9.483879706			10.15472657							17.97022493			17.42554284			9.251699475
End Date		12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002			12/31/2002							12/31/2002			12/31/2002			12/31/2002
Ending AUV		8.579058			10.724027			11.424145			11.236584			10.09454			9.148077							7.357734			8.115218			7.533509
Annual Fee	$	0.46		$	—		$	—		$	—		$	—		$	—						$	1.38		$	0.92		$	—
CDSC	$	36.00		$	36.00		$	36.00		$	36.00		$	36.00		$	36.00						$	36.00		$	36.00		$	36.00
Ending ERV	$	735.00		$	1,367.23		$	1,281.44		$	1,263.77		$	1,064.39		$	900.87						$	408.39		$	464.91		$	814.28
AATR W/Drawal		-11.25	%		10.01	%		7.59	%		7.08	%		0.94	%		-4.72	%						-28.06	%		-24.59	%		-8.02	%
AATR Account		-9.75	%		10.99	%		8.62	%		8.12	%		2.10	%		-3.42	%						-25.81	%		-22.53	%		-6.62	%

Dollar Values are per $1000 of initial premium

Average Annual Total Return (AATR) of Surrender Value = [(ERV/$1000)^(1/3)]-1

Pacific Innovations Select Variable Annuity Separate Account

Schedule for Computation of Performance Quotations

Average Initial Premium = $65,000.

Last 5 Years ending 12/31/97

	2		3		4		5		6		7		8		9	10		11		12
	Blue Chip		Aggressive Growth		Emerging Markets		Diversified Research		Small-Cap Equity		International Large-Cap		I-Net Tollkeeper		Financial Services	Health Sciences		Technology		Telecommun- ications
Start Date		N/A		N/A		12/31/1997		N/A		12/31/1997		N/A		N/A	N/A		N/A		N/A		N/A
Beginning AUV						16.55010018				10.577994
End Date						12/31/2002				12/31/2002
Ending AUV						9.747806				8.487947
Annual Fee					$	1.85			$	—
CDSC					$	—			$	—
Ending ERV					$	587.31			$	802.42
AATR W/Drawal						-10.10%				-4.31%
AATR Account						-10.10%				-4.31%

	13		14		15		16		17		18		19		20	21		22		23
	Multi- Strategy		Large-Cap Core		Strategic Value		Growth LT		Focused 30		Mid-Cap Value		International Value		Capital Opportunities	Mid-Cap Growth		Global Growth		Equity Index
Start Date		12/31/1997		12/31/1997		N/A		12/31/1997		N/A		N/A		12/31/1997	N/A		N/A		N/A		12/31/1997
Beginning AUV		8.751622972		9.072518705				5.834235235						10.75804839							8.631966846
End Date		12/31/2002		12/31/2002				12/31/2002						12/31/2002							12/31/2002
Ending AUV		8.825982		7.151786				6.598541						7.655802							7.618769
Annual Fee	$	—	$	—			$	—					$	0.46						$	—
CDSC	$	—	$	—			$	—					$	—						$	—
Ending ERV	$	1,008.50	$	788.29			$	1,131.00					$	711.17						$	882.62
AATR W/Drawal		0.17%		-4.65%				2.49%						-6.59%							-2.47%
AATR Account		0.17%		-4.65%				2.49%						-6.59%							-2.47%

	24		25		26		27		28		29		30		31	32		33		34
	Small-Cap Index		Real Estate		Inflation Managed		Managed Bond		Money Market		High Yield Bond		Equity Income		Research	Equity		Aggressive Equity		Large-Cap Value
Start Date		N/A		N/A		12/31/1997		12/31/1997		12/31/1997		12/31/1997		N/A	N/A		12/31/1997		12/31/1997		N/A
Beginning AUV						8.602859708		8.57925911		8.87133505		9.954019503					10.28979066		12.49057332
End Date						12/31/2002		12/31/2002		12/31/2002		12/31/2002					12/31/2002		12/31/2002
Ending AUV						11.424145		11.236584		10.09454		9.148077					7.357734		8.115218
Annual Fee					$	—	$	—	$	—	$	—				$	0.46	$	0.46
CDSC					$	—	$	—	$	—	$	—				$	—	$	—
Ending ERV					$	1,327.95	$	1,309.74	$	1,137.88	$	919.03				$	714.59	$	649.25
AATR W/Drawal						5.84%		5.54%		2.62%		-1.67%					-6.50%		-8.28%
AATR Account						5.84%		5.54%		2.62%		-1.67%					-6.50%		-8.28%

Dollar Values are per $1000 of initial premium

Average Annual Total Return (AATR) of Surrender Value = [(ERV/$1000)^(1/5)]-1

Pacific Innovations Select Variable Annuity Separate Account

Schedule for Computation of Performance Quotations

Average Initial Premium = $65,000.

Last 10 Years ending 12/31/92

	2		3		4		5		6		7		8		9	10		11	12
	Blue Chip		Aggressive Growth		Emerging Markets		Diversified Research		Small-Cap Equity		International Large-Cap		I-Net Tollkeeper		Financial Services	Health Sciences		Technology	Telecommun- ications
Start Date		N/A		N/A		N/A		N/A		12/31/1992		N/A		N/A	N/A		N/A	N/A		N/A
Beginning AUV										5.203178
End Date										12/31/2002
Ending AUV										8.487947
Annual Fee									$	—
CDSC									$	—
Ending ERV									$	1,631.30
AATR W/Drawal										5.02%
AATR Account										5.02%
	13		14		15		16		17		18		19		20	21		22	23
	Multi- Strategy		Large-Cap Core		Strategic Value		Growth LT		Focused 30		Mid-Cap Value		International Value		Capital Opportunities	Mid-Cap Growth		Global Growth	Equity Index
Start Date		12/31/1992		12/31/1992		N/A		N/A		N/A		N/A		12/31/1992	N/A		N/A	N/A		12/31/1992
Beginning AUV		5.236700287		4.509778941										5.923672516						3.807434549
End Date		12/31/2002		12/31/2002										12/31/2002						12/31/2002
Ending AUV		8.825982		7.151786										7.655802						7.618769
Annual Fee	$	—	$	—									$	—					$	—
CDSC	$	—	$	—									$	—					$	—
Ending ERV	$	1,685.41	$	1,585.84									$	1,292.41					$	2,001.02
AATR W/Drawal		5.36%		4.72%										2.60%						7.18%
AATR Account		5.36%		4.72%										2.60%						7.18%

	24		25		26		27		28		29		30		31	32		33	34
	Small-Cap Index		Real Estate		Inflation Managed		Managed Bond		Money Market		High Yield Bond		Equity Income		Research	Equity		Aggressive Equity	Large-Cap Value
Start Date		N/A		N/A		12/31/1992		12/31/1992		12/31/1992		12/31/1992		N/A	N/A		12/31/1992	N/A		N/A
Beginning AUV						6.636079774		6.394746682		7.752255403		6.299490722					6.081659652
End Date						12/31/2002		12/31/2002		12/31/2002		12/31/2002					12/31/2002
Ending AUV						11.424145		11.236584		10.09454		9.148077					7.357734
Annual Fee					$	—	$	—	$	—	$	—				$	—
CDSC					$	—	$	—	$	—	$	—				$	—
Ending ERV					$	1,721.52	$	1,757.16	$	1,302.14	$	1,452.19				$	1,209.82
AATR W/Drawal						5.58%		5.80%		2.68%		3.80%					1.92%
AATR Account						5.58%		5.80%		2.68%		3.80%					1.92%

Dollar Values are per $1000 of initial premium

Average Annual Total Return (AATR) of Surrender Value = [(ERV/$1000)^(1/10)]-1