<PAGE>
EXHIBIT 99.(13)
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. CAPITAL APPRECIATION FUND SUBACCOUNT
6.66 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/05/93 to 12/31/93 1.000000 1.184161 0.000658 1,183.50
12/31/93 to 12/31/94 1.184161 1.196858 0.001000 1,195.01
12/31/94 to 12/31/95 1.196858 1.601576 0.001000 1,597.91
12/31/95 to 12/31/96 1.601576 1.857810 0.001000 1,851.96
12/31/96 to 12/31/97 1.857810 2.079034 0.001000 2,070.63
12/31/97 to 12/31/98 2.079034 2.446389 0.001000 2,434.43
12/31/98 to 12/31/99 2.446389 3.490042 0.001000 7.00% 3,400.55 20.17% 3,470.55 20.54%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.66)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. GROWTH FUND SUBACCOUNT
6.66 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/05/93 to 12/31/93 1.000000 1.096592 0.000658 1,095.93
12/31/93 to 12/31/94 1.096592 1.054486 0.001000 1,052.76
12/31/94 to 12/31/95 1.054486 1.401436 0.001000 1,398.09
12/31/95 to 12/31/96 1.401436 1.633117 0.001000 1,627.82
12/31/96 to 12/31/97 1.633117 2.042817 0.001000 2,034.56
12/31/97 to 12/31/98 2.042817 2.702507 0.001000 2,689.55
12/31/98 to 12/31/99 2.702507 3.605202 0.001000 7.00% 3,515.22 20.77% 3,585.22 21.13%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.66)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. GROWTH AND INCOME FUND SUBACCOUNT
5.67 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/02/94 to 12/31/94 1.000000 0.990633 0.000666 989.97
12/31/94 to 12/31/95 0.990633 1.308195 0.001000 1,306.33
12/31/95 to 12/31/96 1.308195 1.547836 0.001000 1,544.32
12/31/96 to 12/31/97 1.547836 1.918559 0.001000 1,912.65
12/31/97 to 12/31/98 1.918559 2.416692 0.001000 2,407.34
12/31/98 to 12/31/99 2.416692 3.199769 0.001000 8.00% 3,104.98 22.13% 3,184.98 22.67%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(6)/P) /\ (1/5.67)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 5
= ERV(5) x ((b/a) - c) - (d x P) for n = 6
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. INTERNATIONAL EQUITY FUND SUBACCOUNT
6.66 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/05/93 to 12/31/93 1.000000 1.178272 0.000658 1,177.61
12/31/93 to 12/31/94 1.178272 1.143106 0.001000 1,141.29
12/31/94 to 12/31/95 1.143106 1.321698 0.001000 1,318.46
12/31/95 to 12/31/96 1.321698 1.565055 0.001000 1,559.90
12/31/96 to 12/31/97 1.565055 1.650289 0.001000 1,643.29
12/31/97 to 12/31/98 1.650289 1.879382 0.001000 1,869.77
12/31/98 to 12/31/99 1.879382 2.874595 0.001000 7.00% 2,788.03 16.64% 2,858.03 17.08%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.66)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. VALUE FUND SUBACCOUNT
6.66 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/05/93 to 12/31/93 1.000000 1.137829 0.000658 1,137.17
12/31/93 to 12/31/94 1.137829 1.167324 0.001000 1,165.51
12/31/94 to 12/31/95 1.167324 1.568458 0.001000 1,564.86
12/31/95 to 12/31/96 1.568458 1.779692 0.001000 1,774.04
12/31/96 to 12/31/97 1.779692 2.171329 0.001000 2,162.66
12/31/97 to 12/31/98 2.171329 2.834910 0.001000 2,821.43
12/31/98 to 12/31/99 2.834910 3.632734 0.001000 7.00% 3,542.64 20.91% 3,612.64 21.27%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.66)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN GROWTH PORTFOLIO SUBACCOUNT
10.98 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/09/89 to 12/31/89 1.000000 1.224403 0.000975 1,223.43
12/31/89 to 12/31/90 1.224403 1.257341 0.001000 1,255.12
12/31/90 to 12/31/91 1.257341 1.741271 0.001000 1,736.93
12/31/91 to 12/31/92 1.741271 1.929761 0.001000 1,923.22
12/31/92 to 12/31/93 1.929761 2.330974 0.001000 2,321.15
12/31/93 to 12/31/94 2.330974 2.331861 0.001000 2,319.71
12/31/94 to 12/31/95 2.331861 3.136702 0.001000 3,118.04
12/31/95 to 12/31/96 3.136702 3.506278 0.001000 3,482.30
12/31/96 to 12/31/97 3.506278 4.348784 0.001000 4,315.56
12/31/97 to 12/31/98 4.348784 6.352284 0.001000 6,299.43
12/31/98 to 12/31/99 6.352284 8.380575 0.001000 0.00% 8,304.55 21.26% 8,304.55 21.26%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(11)/P) /\ (1/10.98)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 10
= ERV(10) x ((b/a) - c) - (d x P) for n = 11
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN INCOME & GROWTH PORTFOLIO SUBACCOUNT
11.13 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
11/15/88 to 12/31/88 1.000000 1.007738 0.000126 1,007.61
12/31/88 to 12/31/89 1.007738 1.067343 0.001000 1,066.20
12/31/89 to 12/31/90 1.067343 1.055453 0.001000 1,053.26
12/31/90 to 12/31/91 1.055453 1.285814 0.001000 1,282.09
12/31/91 to 12/31/92 1.285814 1.377544 0.001000 1,372.27
12/31/92 to 12/31/93 1.377544 1.499010 0.001000 1,491.90
12/31/93 to 12/31/94 1.499010 1.355625 0.001000 1,347.70
12/31/94 to 12/31/95 1.355625 1.806983 0.001000 1,795.07
12/31/95 to 12/31/96 1.806983 2.132838 0.001000 2,116.99
12/31/96 to 12/31/97 2.132838 2.867288 0.001000 2,843.86
12/31/97 to 12/31/98 2.867288 3.744226 0.001000 3,710.79
12/31/98 to 12/31/99 3.744226 5.261705 0.001000 0.00% 5,211.00 15.99% 5,211.00 15.99%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(12)/P) /\ (1/11.13)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 11
= ERV(11) x ((b/a) - c) - (d x P) for n = 12
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN LEVERAGED ALLCAP PORTFOLIO SUBACCOUNT
4.93 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/25/95 to 12/31/95 1.000000 1.721466 0.000932 1,720.53
12/31/95 to 12/31/96 1.721466 1.902007 0.001000 1,899.26
12/31/96 to 12/31/97 1.902007 2.245078 0.001000 2,239.93
12/31/97 to 12/31/98 2.245078 3.495752 0.001000 3,485.50
12/31/98 to 12/31/99 3.495752 6.142184 0.001000 8.50% 6,035.69 43.95% 6,120.69 44.36%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV (0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/4.93)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN MIDCAP GROWTH PORTFOLIO SUBACCOUNT
6.67 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/03/93 to 12/31/93 1.000000 1.374336 0.000663 1,373.67
12/31/93 to 12/31/94 1.374336 1.334321 0.001000 1,332.30
12/31/94 to 12/31/95 1.334321 1.901343 0.001000 1,897.14
12/31/95 to 12/31/96 1.901343 2.098120 0.001000 2,091.58
12/31/96 to 12/31/97 2.098120 2.379729 0.001000 2,370.22
12/31/97 to 12/31/98 2.379729 3.058377 0.001000 3,043.79
12/31/98 to 12/31/99 3.058377 3.977571 0.001000 7.00% 3,885.55 22.58% 3,955.55 22.91%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.67)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO SUBACCOUNT
11.28 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
09/21/88 to 12/31/88 1.000000 0.962677 0.000277 962.40
12/31/88 to 12/31/89 0.962677 1.562247 0.001000 1,560.84
12/31/89 to 12/31/90 1.562247 1.674853 0.001000 1,671.78
12/31/90 to 12/31/91 1.674853 2.603345 0.001000 2,596.90
12/31/91 to 12/31/92 2.603345 2.658223 0.001000 2,649.04
12/31/92 to 12/31/93 2.658223 2.969755 0.001000 2,956.85
12/31/93 to 12/31/94 2.969755 2.800170 0.001000 2,785.04
12/31/94 to 12/31/95 2.800170 3.986188 0.001000 3,961.87
12/31/95 to 12/31/96 3.986188 4.095008 0.001000 4,066.06
12/31/96 to 12/31/97 4.095008 4.498498 0.001000 4,462.63
12/31/97 to 12/31/98 4.498498 5.125331 0.001000 5,080.01
12/31/98 to 12/31/99 5.125331 7.251248 0.001000 0.00% 7,182.04 19.10% 7,182.04 19.10%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(12)/P) /\ (1/11.28)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 11
= ERV(11) x ((b/a) - c) - (d x P) for n = 12
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DEUTSCHE VIT EAFE EQUITY INDEX FUND SUBACCOUNT
2.36 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
08/22/97 to 12/31/97 1.000000 0.929266 0.000359 928.91
12/31/97 to 12/31/98 0.929266 1.128502 0.001000 1,127.14
12/31/98 to 12/31/99 1.128502 1.418818 0.001000 8.50% 1,330.98 12.89% 1,415.98 15.89%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(3)/P) /\ (1/2.36)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 2
= ERV(2) x ((b/a) - c) - (d x P) for n = 3
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DEUTSCHE VIT SMALL CAP INDEX FUND SUBACCOUNT
2.35 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
08/25/97 to 12/31/97 1.000000 1.045771 0.000351 1,045.42
12/31/97 to 12/31/98 1.045771 1.007589 0.001000 1,006.21
12/31/98 to 12/31/99 1.007589 1.189206 0.001000 8.50% 1,101.57 4.20% 1,186.57 7.55%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(3)/P) /\ (1/2.35)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 2
= ERV(2) x ((b/a) - c) - (d x P) for n = 3
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS VIF-APPRECIATION SUBACCOUNT
6.74 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
04/05/93 to 12/31/93 1.000000 1.056440 0.000740 1,055.70
12/31/93 to 12/31/94 1.056440 1.073451 0.001000 1,071.64
12/31/94 to 12/31/95 1.073451 1.413804 0.001000 1,410.35
12/31/95 to 12/31/96 1.413804 1.750831 0.001000 1,745.15
12/31/96 to 12/31/97 1.750831 2.211304 0.001000 2,202.38
12/31/97 to 12/31/98 2.211304 2.840107 0.001000 2,826.44
12/31/98 to 12/31/99 2.840107 3.121770 0.001000 7.00% 3,033.92 17.89% 3,103.92 18.29%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.74)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS VIF-QUALITY BOND SUBACCOUNT
9.34 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
08/31/90 to 12/31/90 1.000000 1.019242 0.000334 1,018.91
12/31/90 to 12/31/91 1.019242 1.147157 0.001000 1,145.76
12/31/91 to 12/31/92 1.147157 1.267964 0.001000 1,265.28
12/31/92 to 12/31/93 1.267964 1.442237 0.001000 1,437.91
12/31/93 to 12/31/94 1.442237 1.356944 0.001000 1,351.44
12/31/94 to 12/31/95 1.356944 1.611604 0.001000 1,603.71
12/31/95 to 12/31/96 1.611604 1.638798 0.001000 1,629.17
12/31/96 to 12/31/97 1.638798 1.768299 0.001000 1,756.28
12/31/97 to 12/31/98 1.768299 1.839540 0.001000 1,825.28
12/31/98 to 12/31/99 1.839540 1.817202 0.001000 0.00% 1,801.29 6.50% 1,801.29 6.50%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(10)/P) /\ (1/9.34)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 9
= ERV(9) x ((b/a) - c) - (d x P) for n = 10
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND SUBACCOUNT
6.24 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10/07/93 to 12/31/93 1.000000 1.070105 0.000233 1,069.87
12/31/93 to 12/31/94 1.070105 1.070990 0.001000 1,069.69
12/31/94 to 12/31/95 1.070990 1.421551 0.001000 1,418.75
12/31/95 to 12/31/96 1.421551 1.699636 0.001000 1,694.87
12/31/96 to 12/31/97 1.699636 2.153066 0.001000 2,145.33
12/31/97 to 12/31/98 2.153066 2.747484 0.001000 2,735.47
12/31/98 to 12/31/99 2.747484 3.525206 0.001000 7.00% 3,437.06 21.90% 3,507.06 22.29%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(7)/P) /\ (1/6.24)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 6
= ERV(6) x ((b/a) - c) - (d x P) for n = 7
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA EQUITY INDEX SUBACCOUNT
0.25 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
09/29/99 to 12/31/99 1.000000 1.150795 0.000255 9.00% 1,060.54 25.95% 1,150.54 73.39%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(1)/P) /\ (1/0.25)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(0) x ((b/a) - c) - (d x P) for n = 1
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA FOUNDATION SUBACCOUNT
3.84 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
03/01/96 to 12/31/96 1.000000 1.139566 0.000836 1,138.73
12/31/96 to 12/31/97 1.139566 1.436561 0.001000 1,434.37
12/31/97 to 12/31/98 1.436561 1.567436 0.001000 1,563.61
12/31/98 to 12/31/99 1.567436 1.710200 0.001000 8.50% 1,619.46 13.39% 1.704.46 14.92%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(4)/P) /\ (1/3.84)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 3
= ERV(3) x ((b/a) - c) - (d x P) for n = 4
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA GLOBAL LEADERS SUBACCOUNT
2.82 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
03/06/97 to 12/31/97 1.000000 1.075599 0.000822 1,074.78
12/31/97 to 12/31/98 1.075599 1.261515 0.001000 1,259.48
12/31/98 to 12/31/99 1.261515 1.551756 0.001000 8.50% 1,462.99 14.43% 1,547.99 16.75%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(3)/P) /\ (1/2.82)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 2
= ERV(2) x ((b/a) - c) - (d x P) for n = 3
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA SMALL CAP SUBACCOUNT
1.67 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/01/98 to 12/31/98 1.000000 0.962279 0.000668 961.61
12/31/98 to 12/31/99 0.962279 1.063544 0.001000 9.00% 971.84 -1.70% 1,061.84 3.66%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(2)/P) /\ (1/1.67)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1
= ERV(1) x ((b/a) - c) - (d x P) for n = 2
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-EQUITY INDEX SUBACCOUNT
5.39 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
08/10/94 to 12/31/94 1.000000 1.006455 0.000392 1,006.06
12/31/94 to 12/31/95 1.006455 1.283606 0.001000 1,282.10
12/31/95 to 12/31/96 1.283606 1.547878 0.001000 1,544.78
12/31/96 to 12/31/97 1.547878 1.956788 0.001000 1,951.33
12/31/97 to 12/31/98 1.956788 2.225058 0.001000 2,216.90
12/31/98 to 12/31/99 2.225058 2.520137 0.001000 8.00% 2,428.68 17.88% 2,508.68 18.59%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(6)/P) /\ (1/5.39)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 5
= ERV(5) x ((b/a) - c) - (d x P) for n = 6
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-TECHNOLOGY SUBACCOUNT
2.61 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/21/97 to 12/31/97 1.000000 1.138294 0.000614 1,137.68
12/31/97 to 12/31/98 1.138294 1.411003 0.001000 1,409.10
12/31/98 to 12/31/99 1.411003 3.606433 0.001000 8.50% 3,515.17 61.76% 3,600.17 63.25%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(3)/P) /\ (1/2.61)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 2
= ERV(2) x ((b/a) - c) - (d x P) for n = 3
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-UTILITIES SUBACCOUNT
4.99 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/03/95 to 12/31/95 1.000000 1.075513 0.000992 1,074.52
12/31/95 to 12/31/96 1.075513 1.196347 0.001000 1,194.17
12/31/96 to 12/31/97 1.196347 1.456204 0.001000 1,452.36
12/31/97 to 12/31/98 1.456204 1.802265 0.001000 1,796.05
12/31/98 to 12/31/99 1.802265 2.117635 0.001000 8.50% 2,023.54 15.16% 2,108.54 16.11%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/4.99)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS EMERGING GROWTH SERIES SUBACCOUNT
4.44 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
07/24/95 to 12/31/95 1.000000 1.166876 0.000438 1,166.44
12/31/95 to 12/31/96 1.166876 1.346656 0.001000 1,344.98
12/31/96 to 12/31/97 1.346656 1.619133 0.001000 1,615.78
12/31/97 to 12/31/98 1.619133 2.142578 0.001000 2,136.52
12/31/98 to 12/31/99 2.142578 3.735875 0.001000 8.50% 3,638.18 33.75% 3,723.18 34.45%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/4.44)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS GROWTH WITH INCOME SERIES SUBACCOUNT
4.23 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10/09/95 to 12/31/95 1.000000 1.063172 0.000227 1,062.94
12/31/95 to 12/31/96 1.063172 1.304928 0.001000 1,303.59
12/31/96 to 12/31/97 1.304928 1.669673 0.001000 1,666.65
12/31/97 to 12/31/98 1.669673 2.014405 0.001000 2,009.09
12/31/98 to 12/31/99 2.014405 2.119528 0.001000 8.50% 2,026.93 18.18% 2,111.93 19.33%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/4.23)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS RESEARCH SERIES SUBACCOUNT
4.44 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
07/26/95 to 12/31/95 1.000000 1.099650 0.000433 1,099.22
12/31/95 to 12/31/96 1.099650 1.326628 0.001000 1,325.01
12/31/96 to 12/31/97 1.326628 1.573515 0.001000 1,570.27
12/31/97 to 12/31/98 1.573515 1.914817 0.001000 1,909.29
12/31/98 to 12/31/99 1.914817 2.342868 0.001000 8.50% 2,249.20 20.05% 2,334.20 21.06%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/4.44)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS TOTAL RETURN SERIES SUBACCOUNT
4.99 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
01/03/95 to 12/31/95 1.000000 1.256022 0.000992 1,255.03
12/31/95 to 12/31/96 1.256022 1.416646 0.001000 1,414.27
12/31/96 to 12/31/97 1.416646 1.694841 0.001000 1,690.59
12/31/97 to 12/31/98 1.694841 1.877542 0.001000 1,871.14
12/31/98 to 12/31/99 1.877542 1.908556 0.001000 8.50% 1,815.18 12.68% 1,900.18 13.72%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/4.99)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG DISCOVERY FUND II SUBACCOUNT
7.65 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/08/92 to 12/31/92 1.000000 1.078911 0.000649 1,078.26
12/31/92 to 12/31/93 1.078911 1.298474 0.001000 1,296.61
12/31/93 to 12/31/94 1.298474 1.211345 0.001000 1,208.31
12/31/94 to 12/31/95 1.211345 1.616182 0.001000 1,610.93
12/31/95 to 12/31/96 1.616182 1.606482 0.001000 1,599.65
12/31/96 to 12/31/97 1.606482 1.764744 0.001000 1,755.64
12/31/97 to 12/31/98 1.764744 1.866582 0.001000 1,855.20
12/31/98 to 12/31/99 1.866582 1.934334 0.001000 6.00% 1,860.68 8.45% 1,920.68 8.90%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(8)/P) /\ (1/7.65)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 7
= ERV(7) x ((b/a) - c) - (d x P) for n = 8
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG MID CAP GROWTH FUND II SUBACCOUNT
3.00 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/96 to 12/31/96 1.000000 1.000000 0.000000 1,000.00
12/31/96 to 12/31/97 1.000000 1.279730 0.001000 1,278.73
12/31/97 to 12/31/98 1.279730 1.624162 0.001000 1,621.61
12/31/98 to 12/31/99 1.624162 3.043050 0.001000 8.50% 2,951.65 43.45% 3,036.65 44.81%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(4)/P) /\ (1/3.00)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 3
= ERV(3) x ((b/a) - c) - (d x P) for n = 4
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG OPPORTUNITY FUND II SUBACCOUNT
7.65 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/08/92 to 12/31/92 1.000000 1.151369 0.000649 1,150.72
12/31/92 to 12/31/93 1.151369 1.421411 0.001000 1,419.46
12/31/93 to 12/31/94 1.421411 1.452182 0.001000 1,448.77
12/31/94 to 12/31/95 1.452182 1.802130 0.001000 1,796.44
12/31/95 to 12/31/96 1.802130 2.099899 0.001000 2,091.48
12/31/96 to 12/31/97 2.099899 2.598449 0.001000 2,585.94
12/31/97 to 12/31/98 2.598449 2.909510 0.001000 2,892.91
12/31/98 to 12/31/99 2.909510 3.871784 0.001000 6.00% 3,786.81 19.01% 3,846.81 19.25%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(8)/P) /\ (1/7.65)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 7
= ERV(7) x ((b/a) - c) - (d x P) for n = 8
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON ASSET STRATEGY FUND-CLASS 2 SUBACCOUNT
11.36 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
08/24/88 to 12/31/88 1.000000 1.022957 0.000353 1,022.60
12/31/88 to 12/31/89 1.022957 1.142567 0.001000 1,141.15
12/31/89 to 12/31/90 1.142567 1.036638 0.001000 1,034.21
12/31/90 to 12/31/91 1.036638 1.305629 0.001000 1,301.54
12/31/91 to 12/31/92 1.305629 1.391571 0.001000 1,385.91
12/31/92 to 12/31/93 1.391571 1.731131 0.001000 1,722.70
12/31/93 to 12/31/94 1.731131 1.656414 0.001000 1,646.63
12/31/94 to 12/31/95 1.656414 2.002016 0.001000 1,988.54
12/31/95 to 12/31/96 2.002016 2.347019 0.001000 2,329.23
12/31/96 to 12/31/97 2.347019 2.670456 0.001000 2,647.89
12/31/97 to 12/31/98 2.670456 2.794004 0.001000 2,767.74
12/31/98 to 12/31/99 2.794004 3.376924 0.001000 0.00% 3,342.42 11.21% 3,342.42 11.21%
This calculation uses the formula:
P ( 1 + T ) n /\ = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(12)/P) /\ (1/11.36)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 11
= ERV(11) x ((b/a) - c) - (d x P) for n = 12
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON INTERNATIONAL SECURITIES FUND-CLASS 2 SUBACCOUNT
7.67 YEAR PERIOD (Life of Subaccount) ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
05/01/92 to 12/31/92 1.000000 0.930178 0.000668 929.51
12/31/92 to 12/31/93 0.930178 1.351546 0.001000 1,349.65
12/31/93 to 12/31/94 1.351546 1.303093 0.001000 1,299.91
12/31/94 to 12/31/95 1.303093 1.487971 0.001000 1,483.04
12/31/95 to 12/31/96 1.487971 1.820431 0.001000 1,812.91
12/31/96 to 12/31/97 1.820431 2.041831 0.001000 2,031.58
12/31/97 to 12/31/98 2.041831 2.196253 0.001000 2,183.20
12/31/98 to 12/31/99 2.196253 2.669513 0.001000 6.00% 2,591.46 13.22% 2,651.46 13.55%
This calculation uses the formula:
P ( 1 + T ) n /\ = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(8)/P) /\ (1/7.67)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 7
= ERV(7) x ((b/a) - c) - (d x P) for n = 8
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. CAPITAL APPRECIATION FUND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.196858 1.601576 0.001000 1,337.15
12/31/95 to 12/31/96 1.601576 1.857810 0.001000 1,549.74
12/31/96 to 12/31/97 1.857810 2.079034 0.001000 1,732.73
12/31/97 to 12/31/98 2.079034 2.446389 0.001000 2,037.16
12/31/98 to 12/31/99 2.446389 3.490042 0.001000 8.00% 2,824.20 23.08% 2,904.20 23.77%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. GROWTH FUND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.054486 1.401436 0.001000 1,328.02
12/31/95 to 12/31/96 1.401436 1.633117 0.001000 1,546.24
12/31/96 to 12/31/97 1.633117 2.042817 0.001000 1,932.60
12/31/97 to 12/31/98 2.042817 2.702507 0.001000 2,554.76
12/31/98 to 12/31/99 2.702507 3.605202 0.001000 8.00% 3,325.55 27.17% 3,405.55 27.77%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. GROWTH AND INCOME FUND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 0.990633 1.308195 0.001000 1,319.56
12/31/95 to 12/31/96 1.308195 1.547836 0.001000 1,559.97
12/31/96 to 12/31/97 1.547836 1.918559 0.001000 1,932.04
12/31/97 to 12/31/98 1.918559 2.416692 0.001000 2,431.74
12/31/98 to 12/31/99 2.416692 3.199769 0.001000 8.00% 3,137.26 25.69% 3,217.26 26.33%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. INTERNATIONAL EQUITY FUND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.143106 1.321698 0.001000 1,155.23
12/31/95 to 12/31/96 1.321698 1.565055 0.001000 1,366.79
12/31/96 to 12/31/97 1.565055 1.650289 0.001000 1,439.85
12/31/97 to 12/31/98 1.650289 1.879382 0.001000 1,638.30
12/31/98 to 12/31/99 1.879382 2.874595 0.001000 8.00% 2,424.20 19.38% 2,504.20 20.15%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. VALUE FUND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.167324 1.568458 0.001000 1,342.64
12/31/95 to 12/31/96 1.568458 1.779692 0.001000 1,522.11
12/31/96 to 12/31/97 1.779692 2.171329 0.001000 1,855.55
12/31/97 to 12/31/98 2.171329 2.834910 0.001000 2,420.77
12/31/98 to 12/31/99 2.834910 3.632734 0.001000 8.00% 3,019.62 24.74% 3,099.62 25.39%
This calculation uses the formula:
P ( 1 + T ) /\ n = E RV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN GROWTH PORTFOLIO SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 2.331861 3.136702 0.001000 1,344.15
12/31/95 to 12/31/96 3.136702 3.506278 0.001000 1,501.18
12/31/96 to 12/31/97 3.506278 4.348784 0.001000 1,860.39
12/31/97 to 12/31/98 4.348784 6.352284 0.001000 2,715.61
12/31/98 to 12/31/99 6.352284 8.380575 0.001000 8.00% 3,500.00 28.47% 3,580.00 29.06%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN INCOME & GROWTH PORTFOLIO SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.355625 1.806983 0.001000 1,331.95
12/31/95 to 12/31/96 1.806983 2.132838 0.001000 1,570.81
12/31/96 to 12/31/97 2.132838 2.867288 0.001000 2,110.16
12/31/97 to 12/31/98 2.867288 3.744226 0.001000 2,753.42
12/31/98 to 12/31/99 3.744226 5.261705 0.001000 8.00% 3,786.59 30.51% 3,866.59 31.06%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN MIDCAP GROWTH PORTFOLIO SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.334321 1.901343 0.001000 1,423.95
12/31/95 to 12/31/96 1.901343 2.098120 0.001000 1,569.90
12/31/96 to 12/31/97 2.098120 2.379729 0.001000 1,779.04
12/31/97 to 12/31/98 2.379729 3.058377 0.001000 2,284.60
12/31/98 to 12/31/99 3.058377 3.977571 0.001000 8.00% 2,888.96 23.64% 2,968.96 24.31%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 2.800170 3.986188 0.001000 1,422.55
12/31/95 to 12/31/96 3.986188 4.095008 0.001000 1,459.96
12/31/96 to 12/31/97 4.095008 4.498498 0.001000 1,602.36
12/31/97 to 12/31/98 4.498498 5.125331 0.001000 1,824.03
12/31/98 to 12/31/99 5.125331 7.251248 0.001000 8.00% 2,498.79 20.10% 2,578.79 20.86%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS VIF-APPRECIATION SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.073451 1.413804 0.001000 1,316.06
12/31/95 to 12/31/96 1.413804 1.750831 0.001000 1,628.48
12/31/96 to 12/31/97 1.750831 2.211304 0.001000 2,055.14
12/31/97 to 12/31/98 2.211304 2.840107 0.001000 2,637.48
12/31/98 to 12/31/99 2.840107 3.121770 0.001000 8.00% 2,816.41 23.01% 2,896.41 23.70%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS VIF-QUALITY BOND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.356944 1.611604 0.001000 1,186.67
12/31/95 to 12/31/96 1.611604 1.638798 0.001000 1,205.51
12/31/96 to 12/31/97 1.638798 1.768299 0.001000 1,299.56
12/31/97 to 12/31/98 1.768299 1.839540 0.001000 1,350.62
12/31/98 to 12/31/99 1.839540 1.817202 0.001000 8.00% 1,252.87 4.61% 1,332.87 5.92%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.070990 1.421551 0.001000 1,326.32
12/31/95 to 12/31/96 1.421551 1.699636 0.001000 1,584.45
12/31/96 to 12/31/97 1.699636 2.153066 0.001000 2,005.57
12/31/97 to 12/31/98 2.153066 2.747484 0.001000 2,557.26
12/31/98 to 12/31/99 2.747484 3.525206 0.001000 8.00% 3,198.58 26.18% 3,278.58 26.81%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-EQUITY INDEX SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.006455 1.283606 0.001000 1,274.37
12/31/95 to 12/31/96 1.283606 1.547878 0.001000 1,535.47
12/31/96 to 12/31/97 1.547878 1.956788 0.001000 1,939.57
12/31/97 to 12/31/98 1.956788 2.225058 0.001000 2,203.54
12/31/98 to 12/31/99 2.225058 2.520137 0.001000 8.00% 2,413.56 19.27% 2,493.56 20.05%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG DISCOVERY FUND II SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.211345 1.616182 0.001000 1,333.20
12/31/95 to 12/31/96 1.616182 1.606482 0.001000 1,323.87
12/31/96 to 12/31/97 1.606482 1.764744 0.001000 1,452.97
12/31/97 to 12/31/98 1.764744 1.866582 0.001000 1,535.36
12/31/98 to 12/31/99 1.866582 1.934334 0.001000 8.00% 1,509.55 8.58% 1,589.55 9.71%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG OPPORTUNITY FUND II SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.452182 1.802130 0.001000 1,239.98
12/31/95 to 12/31/96 1.802130 2.099899 0.001000 1,443.62
12/31/96 to 12/31/97 2.099899 2.598449 0.001000 1,784.92
12/31/97 to 12/31/98 2.598449 2.909510 0.001000 1,996.81
12/31/98 to 12/31/99 2.909510 3.871784 0.001000 8.00% 2,575.23 20.83% 2,655.23 21.57%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON ASSET STRATEGY FUND-CLASS 2 SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.656414 2.002016 0.001000 1,207.64
12/31/95 to 12/31/96 2.002016 2.347019 0.001000 1,414.55
12/31/96 to 12/31/97 2.347019 2.670456 0.001000 1,608.07
12/31/97 to 12/31/98 2.670456 2.794004 0.001000 1,680.86
12/31/98 to 12/31/99 2.794004 3.376924 0.001000 8.00% 1,949.86 14.29% 2,029.86 15.21%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON INTERNATIONAL SECURITIES FUND-CLASS 2 SUBACCOUNT
FIVE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/94 to 12/31/95 1.303093 1.487971 0.001000 1,140.88
12/31/95 to 12/31/96 1.487971 1.820431 0.001000 1,394.64
12/31/96 to 12/31/97 1.820431 2.041831 0.001000 1,562.86
12/31/97 to 12/31/98 2.041831 2.196253 0.001000 1,679.50
12/31/98 to 12/31/99 2.196253 2.669513 0.001000 8.00% 1,959.73 14.40% 2,039.73 15.32%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(5)/P) /\ (1/5)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 4
= ERV(4) x ((b/a) - c) - (d x P) for n = 5
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. CAPITAL APPRECIATION FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.446389 3.490042 0.001000 9.00% 1,335.61 33.56% 1,425.61 42.56%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. GROWTH FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.702507 3.605202 0.001000 9.00% 1,243.02 24.30% 1,333.02 33.30%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. GROWTH AND INCOME FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.416692 3.199769 0.001000 9.00% 1,233.03 23.30% 1,323.03 32.30%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. INTERNATIONAL EQUITY FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.879382 2.874595 0.001000 9.00% 1,438.54 43.85% 1,528.54 52.85%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
AIM V.I. VALUE FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.834910 3.632734 0.001000 9.00% 1,190.43 19.04% 1,280.43 28.04%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN GROWTH PORTFOLIO SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
6.352284 8.380575 0.001000 9.00% 1,228.30 22.83% 1,318.30 31.83%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN INCOME & GROWTH PORTFOLIO SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
3.744226 5.261705 0.001000 9.00% 1,314.29 31.43% 1,404.29 40.43%
This calculation uses the formula:
P ( 1 + T ) n /\ = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN LEVERAGED ALLCAP PORTFOLIO SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
3.495752 6.142184 0.001000 9.00% 1,666.04 66.60% 1,756.04 75.60%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN MIDCAP GROWTH PORTFOLIO SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
3.058377 3.977571 0.001000 9.00% 1,209.55 20.95% 1,299.55 29.95%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
5.125331 7.251248 0.001000 9.00% 1,323.79 32.38% 1,413.79 41.38%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DEUTSCHE VIT EAFE EQUITY INDEX FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.128502 1.418818 0.001000 9.00% 1,166.26 16.63% 1,256.26 25.63%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DEUTSCHE VIT SMALL CAP INDEX FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C>
1.007589 1.189206 0.001000 9.00% 1,089.25 8.92% 1,179.25 17.92%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS VIF-APPRECIATION SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.840107 3.121770 0.001000 9.00% 1,008.17 0.82% 1,098.17 9.82%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS VIF-QUALITY BOND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.839540 1.817202 0.001000 9.00% 896.86 -10.31% 986.86 -1.31%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.747484 3.525206 0.001000 9.00% 1,192.07 19.21% 1,282.07 28.21%
This calculation uses the formula:
P ( 1 + T ) n /\ = ERV
Where:
P = A hypothetical initial payment of: 1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA FOUNDATION SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.567436 1.710200 0.001000 9.00% 1,000.08 0.01% 1,090.08 9.01%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA GLOBAL LEADERS SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.261515 1.551756 0.001000 9.00% 1,139.07 13.91% 1,229.07 22.91%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
EVERGREEN VA SMALL CAP SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
0.962279 1.063544 0.001000 9.00% 1,014.23 1.42% 1,104.23 10.42%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-EQUITY INDEX SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.225058 2.520137 0.001000 9.00% 1,041.62 4.16% 1,131.62 13.16%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-TECHNOLOGY SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.411003 3.606433 0.001000 9.00% 2,464.94 146.49% 2,554.94 155.49%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
INVESCO VIF-UTILITIES SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.802265 2.117635 0.001000 9.00% 1,083.99 8.40% 1,173.99 17.40%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS EMERGING GROWTH SERIES SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.142578 3.735875 0.001000 9.00% 1,652.64 65.26% 1,742.64 74.26%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS GROWTH WITH INCOME SERIES SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.014405 2.119528 0.001000 9.00% 961.19 -3.88% 1,051.19 5.12%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS RESEARCH SERIES SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.914817 2.342868 0.001000 9.00% 1,132.55 13.25% 1,222.55 22.25%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
MFS TOTAL RETURN SERIES SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.877542 1.908556 0.001000 9.00% 925.52 -7.45% 1,015.52 1.55%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG DISCOVERY FUND II SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.866582 1.934334 0.001000 9.00 945.30 -5.47% 1,035.30 3.53%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG MID CAP GROWTH FUND II SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
1.624162 3.043050 0.001000 9.00% 1,782.61 78.26% 1,872.61 87.26%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
STRONG OPPORTUNITY FUND II SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.909510 3.871784 0.001000 9.00% 1,239.73 23.97% 1,329.73 32.97%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON ASSET STRATEGY FUND-CLASS 2 SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.794004 3.376924 0.001000 9.00% 1,117.63 11.76% 1,207.63 20.76%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON INTERNATIONAL SECURITIES FUND-CLASS 2 SUBACCOUNT
ONE YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
Unit on Unit on Charge Withdrawal
12/31/98 12/31/99 Factor Charge ERV T ERV T
<S> <C> <C> <C> <C> <C> <C> <C>
2.196253 2.669513 0.001000 9.00% 1,124.49 12.45% 1,214.49 21.45%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
T = Average annual total return
= ((ERV/P) /\ (1/n)) -1
n = Number of years 1
ERV = Ending redeemable value of the hypothetical initial payment
= P x ((b/a) - c) - (d x P)
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN GROWTH PORTFOLIO SUBACCOUNT
TEN YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/89 to 12/31/90 1.2244030 1.2573410 0.001000 1,025.90
12/31/90 to 12/31/91 1.2573410 1.7412710 0.001000 1,419.73
12/31/91 to 12/31/92 1.7412710 1.9297610 0.001000 1,571.99
12/31/92 to 12/31/93 1.9297610 2.3309740 0.001000 1,897.25
12/31/93 to 12/31/94 2.3309740 2.3318610 0.001000 1,896.07
12/31/94 to 12/31/95 2.3318610 3.1367020 0.001000 2,548.61
12/31/95 to 12/31/96 3.1367020 3.5062780 0.001000 2,846.34
12/31/96 to 12/31/97 3.5062780 4.3487840 0.001000 3,527.43
12/31/97 to 12/31/98 4.3487840 6.3522840 0.001000 5,149.00
12/31/98 to 12/31/99 6.3522840 8.3805750 0.001000 0.00% 6,787.94 21.11% 6,787.94 21.11%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(10)/P) /\ (1/10)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 9
= ERV(9) x ((b/a) - c) - (d x P) for n = 10
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN INCOME & GROWTH PORTFOLIO SUBACCOUNT
TEN YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/89 to 12/31/90 1.0673430 1.0554530 0.001000 987.86
12/31/90 to 12/31/91 1.0554530 1.2858140 0.001000 1,202.48
12/31/91 to 12/31/92 1.2858140 1.3775440 0.001000 1,287.06
12/31/92 to 12/31/93 1.3775440 1.4990100 0.001000 1,399.26
12/31/93 to 12/31/94 1.4990100 1.3556250 0.001000 1,264.02
12/31/94 to 12/31/95 1.3556250 1.8069830 0.001000 1,683.61
12/31/95 to 12/31/96 1.8069830 2.1328380 0.001000 1,985.54
12/31/96 to 12/31/97 2.1328380 2.8672880 0.001000 2,667.28
12/31/97 to 12/31/98 2.8672880 3.7442260 0.001000 3,480.38
12/31/98 to 12/31/99 3.7442260 5.2617050 0.001000 0.00% 4,887.45 17.19% 4,887.45 17.19%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(10)/P) /\ (1/10)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 9
= ERV(9) x ((b/a) - c) - (d x P) for n = 10
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO SUBACCOUNT
TEN YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C D
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/89 to 12/31/90 1.5622470 1.6748530 0.001000 1,071.08
12/31/90 to 12/31/91 1.6748530 2.6033450 0.001000 1,663.79
12/31/91 to 12/31/92 2.6033450 2.6582230 0.001000 1,697.19
12/31/92 to 12/31/93 2.6582230 2.9697550 0.001000 1,894.40
12/31/93 to 12/31/94 2.9697550 2.8001700 0.001000 1,784.33
12/31/94 to 12/31/95 2.8001700 3.9861880 0.001000 2,538.30
12/31/95 to 12/31/96 3.9861880 4.0950080 0.001000 2,605.05
12/31/96 to 12/31/97 4.0950080 4.4984980 0.001000 2,859.13
12/31/97 to 12/31/98 4.4984980 5.1253310 0.001000 3,254.67
12/31/98 to 12/31/99 5.1253310 7.2512480 0.001000 0.00% 4,601.41 16.49% 4,601.41 16.49%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(10)/P) /\ (1/10)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 9
= ERV(9) x ((b/a) - c) - (d x P) for n = 10
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
<PAGE>
STANDARD AVERAGE ANNUAL TOTAL RETURN CALCULATION
TEMPLETON ASSET STRATEGY FUND-CLASS 2 SUBACCOUNT
TEN YEAR PERIOD ENDING 12/31/99
<TABLE>
<CAPTION>
A B C
Value of One Value of One Annual
Accumulation Accumulation Maintenance Standard Average Non-Standard Average *
at Beginning at End Charge Withdrawal
Period of Period of Period Factor Charge ERV(n) T ERV(n) T
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/31/89 to 12/31/90 1.1425670 1.0366380 0.001000 906.29
12/31/90 to 12/31/91 1.0366380 1.3056290 0.001000 1,140.55
12/31/91 to 12/31/92 1.3056290 1.3915710 0.001000 1,214.48
12/31/92 to 12/31/93 1.3915710 1.7311310 0.001000 1,509.62
12/31/93 to 12/31/94 1.7311310 1.6564140 0.001000 1,442.95
12/31/94 to 12/31/95 1.6564140 2.0020160 0.001000 1,742.57
12/31/95 to 12/31/96 2.0020160 2.3470190 0.001000 2,041.13
12/31/96 to 12/31/97 2.3470190 2.6704560 0.001000 2,320.37
12/31/97 to 12/31/98 2.6704560 2.7940040 0.001000 2,425.40
12/31/98 to 12/31/99 2.7940040 3.3769240 0.001000 0.00% 2,928.99 11.35% 2,928.99 11.35%
This calculation uses the formula:
P ( 1 + T ) /\ n = ERV
Where:
P = A hypothetical initial payment of: $1,000
= ERV(0)
T = Average annual total return
= ((ERV(10)/P) /\ (1/10)) -1
n = Number of years
ERV(n) = Ending redeemable value at the end of year n
= ERV(n-1) x ((b/a) - c) for n = 1 to 9
= ERV(9) x ((b/a) - c) - (d x P) for n = 10
</TABLE>
Non-Standard Average Annual Total Return *
The non-standard average annual total return is calculated in the same manner as
the standard average annual total return except that the withdrawal charge
percentage will be assumed to be 0%.
