Schedule for Computation of Performance Quotations*
I. Average Annual Total Return Calculations
The average annual total return ("AATR") is the annual interest rate accruing on
the initial investment amount, on a compounded interest basis, as measured from
the beginning of the period to the end of the period. The following formula is
used: P(1+AATR)^n = ERV. Except as otherwise noted, the figures include
deductions for all charges at both the fund and separate account levels as
described in the Prospectus and Statement of Additional Information.
A. Standardized Performance - assumes Contract is surrendered on 12/31/_
$l,000.00 x (1=AATR)^n = $
AATR = %
P - initial investment at the beginning of period = $1,000
n - number of years
ERV - ending redeemable value of initial investment amount at end of
period = $
B. Non-Standardized Performance - assumes Contract continues at end of
12/31_. As a result, no deduction is made for a contingent deferred
sales charge.
$1,000.00 x (1=AATR)^n = $
AATR- %
P - initial investment at the beginning of period = $1,000
n - number of years
ERV - ending redeemable value of initial investment amount at end of
period = $
*All Calculations assume immediate reinvestment of all dividends and Fund
distributions.
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II. Non-Standardized Change in Accumulation Unit Value Calculation
The change in Accumulation Unit value ("CAUV") is the aggregate percentage
change in the value of an Accumulation Unit in the Investment Division, on
a compounded interest basis, as measured from the beginning of the period
to the end of the period. Deductions are made for all charges at both the
fund and separate account levels as described in the Prospectus and
Statement of Additional Information except that no deductions are made for
the contingent deferred sales charge and for the fund's pro-rated portion
of the contract administration fee. The following formula is used for each
12 month period calculation: P(l+CAUV)^n = ERV. For the Five Year and Life
of the Fund calculation, the aggregate percentage change in the value of an
Accumulation Unit is calculated by dividing the change in the value of the
initial $1,000 investment amount by such $1,000 initial investment amount.
$l,000.00 x (l+CAUV)^n = $
CAUV = %
P - initial investment amount at the beginning of
the period = $1,000.00
n - number of years
ERV - ending redeemable value of initial investment
amount at the end of
period = $
III. Yield and Effective Yield Calculations
The following illustrates the calculations of the current and effective
annualized yield as described in the Prospectus and the Statement of
Additional Information for a hypothetical account with a beginning balance
of one share for the seven-day period ended December 31,
Net change in account value
(seven-day period ended December 31, ):
Ending account value
Less - beginning account value 10.00
Net change in account value
Base period return ($. / $10.00000)
Current yield (annualized) = ((. / 7) x 365) %
Effective yield (annualized) (l+( / 7))^365-1 %
