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Previous: WITTER DEAN TAX EXEMPT SECURITIES TRUST, NSAR-A, 1997-08-28 |
Next: FMR CORP, SC 13D, 1997-08-28 |
[GRAPHIC OMITTED]
MFS/RELIASTAR VARIABLE ACCOUNT
SEMI-ANNUAL REPORT
FOR THE PERIOD ENDED
JUNE 30, 1997
(UNAUDITED)
This report has been prepared to provide information to owners of MFS/ReliaStar
Variable Account Contracts. If it is used for any other purpose, it must be
accompanied or preceded by a current MFS/ReliaStar Variable Account Prospectus
which discloses any charges and other important information about the Account,
together with the current Prospectuses for the underlying Funds.
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
STATEMENT OF ASSETS AND LIABILITIES
June 30, 1997
(In Thousands, Except Share and Unit Data)
(UNAUDITED)
MASSACHUSETTS
MASSACHUSETTS INVESTORS MFS(R)
MFS(R) MFS(R) INVESTORS GROWTH STOCK RESEARCH
MONEY MARKET BOND FUND TRUST FUND FUND
ASSETS: FUND (CLASS A) (CLASS A) (CLASS A) (CLASS A)
- -------
----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
Investments in mutual funds at market value:
MFS(R) Money Market Fund
2,158,718 shares (cost $2,159)......... $2,159
MFS(R) Bond Fund- Class A
92,438 shares (cost $1,227)............ $1,225
Massachusetts Investors Trust- Class A
129,029 shares (cost $1,706)........... $2,206
Massachusetts Investors Growth Stock Fund- Class A
150,942 shares (cost $1,634)........... $1,902
MFS(R) Research Fund- Class A
85,110 shares (cost 1,241)............. $1,782
MFS(R) Total Return Fund- Class A
232,494 shares (cost $3,162)...........
MFS(R) Growth Opportunities Fund- Class A
365,820 shares (cost $4,144)...........
MFS(R) High Income Fund- Class A
586,492 shares (cost $3,050)...........
MFS(R) World Governments Fund- Class A
52,293 shares (cost $575)..............
MFS(R) Emerging Growth Fund- Class A
67,620 shares (cost $1,556)............
----------- ----------- ----------- ----------- -----------
Total Assets................................ $2,159 $1,225 $2,206 $1,902 $1,782
=========== ========== =========== ========== ===========
LIABILITIES AND
CONTRACT OWNERS' EQUITY:
Due to (from) ReliaStar Life
Insurance Company for accrued contract
charges and reserve transfers. .......... $3 $2 ($4) $2 $2
Contract Owners' Equity..................... 2,156 1,223 2,210 1,900 1,780
----------- ----------- ----------- ----------- -----------
Total Liabilities and Contract Owners' Equity $2,159 $1,225 $2,206 $1,902 $1,782
=========== =========== =========== =========== ==========
Units Outstanding:................ 85,124.671 25,116.668 25,589.396 26,258.244 23,176.672
Net Asset Value per Unit:
Tax Qualified.............. $25.331551 $47.983906 $85.456442 $72.344905 $76.762586
Non-Tax Qualified.......... $25.376273 $47.049221 $83.303917 $70.702074 $80.714997
The accompanying notes are an integral part of the financial statements.
</TABLE>
<TABLE>
<CAPTION>
STATEMENT OF ASSETS AND LIABILITIES, CONTINUED
(UNAUDITED)
MFS(R) MFS(R) MFS(R) MFS(R) MFS(R)
TOTAL GROWTH HIGH WORLD EMERGING
RETURN OPPORTUNITIES INCOME GOVERNMENTS GROWTH
FUND FUND FUND FUND FUND
(CLASS A) (CLASS A) (CLASS A) (CLASS A) (CLASS A) TOTAL
----------- ----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
$2,159
1,225
2,206
1,902
1,782
$3,736 3,736
$5,473 5,473
$3,173 3,173
$544 544
$2,312 2,312
- ----------- ----------- ----------- ----------- ----------- -----------
$3,736 $5,473 $3,173 $544 $2,312 $24,512
=========== =========== =========== =========== =========== ===========
$4 $4 $3 $1 $2 $19
3,732 5,469 3,170 543 2,310 24,493
- ----------- ----------- ----------- ----------- ----------- -----------
$3,736 $5,473 $3,173 $544 $2,312 $24,512
=========== =========== =========== =========== =========== ===========
51,721.954 78,201.950 56,702.473 10,695.452 36,550.526 419,138.006
$72.145631 $68.723930 $55.846040 $48.288698 $63.198919
$72.338595 $62.592067 $56.382157 $48.319512 $63.198919
The accompanying notes are an integral part of the financial statements.
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT STATEMENT OF OPERATIONS
AND CHANGES IN CONTRACT OWNERS' EQUITY
(In Thousands of Dollars)
(UNAUDITED)
PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DECEMBER 31, DECEMBER 31,
1997 1996 1995
----------- ----------- -----------
Net investment income:
<S> <C> <C> <C>
Reinvested dividend income..................................... $306 $1,084 $ 960
Reinvested capital gains....................................... - 1,012 1,107
Administrative expenses........................................ (166) (344) (350)
----------- ----------- -----------
Net investment income and capital gains................. 140 1,752 1,717
----------- ----------- -----------
Realized and unrealized gains:
Net realized gains on redemption of fund shares............... 384 748 388
Increase in unrealized appreciation
of investments............................................ 1,890 484 2,731
----------- ----------- -----------
Net realized and unrealized gains ........................ 2,274 1,232 3,119
----------- ----------- -----------
Net additions from operations.......................... 2,414 2,984 4,836
----------- ----------- -----------
Contract Owners' transactions:
Net purchase payments......................................... 223 325 339
Surrenders.................................................... (1,027) (3,840) (4,519)
Annuity payments.............................................. (11) (222) (283)
Transfers to required reserves................................ 2 3 -
----------- ----------- -----------
Net reductions for Contract Owners' transactions.......... (813) (3,734) (4,463)
----------- ----------- -----------
Net additions (reductions) for the period.............. 1,601 (750) 373
Contract Owners' Equity, beginning of the year...................... 22,892 23,642 23,269
----------- ----------- -----------
Contract Owners' Equity, end of the period.......................... $24,493 $22,892 $23,642
=========== =========== ===========
</TABLE>
The accompanying notes are integral part of the financial statements.
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
RGANIZATION AND CONTRACTS:
MFS/ReliaStar Variable Account (the "Account") is a separate account of
ReliaStar Life Insurance Company ("ReliaStar Life"), a wholly owned subsidiary
of ReliaStar Financial Corp. (formerly The NWNL Companies, Inc.). The Account is
registered as a unit investment trust under the Investment Company Act of 1940.
Purchase payments received under the contracts are allocated to Sub-Accounts of
the Account, each of which invested in one of the following Funds during the
year.
MFS(R) Money Market Fund (Class A)
MFS(R) Bond Fund (Class A)
Massachusetts Investors Trust (Class A)
Massachusetts Investors Growth Stock Fund (Class A)
MFS(R) Research Fund (Class A)
MFS(R) Total Return Fund (Class A)
MFS(R) Growth Opportunities Fund (Class A)
MFS(R) High Income Fund (Class A)
MFS(R) World Governments Fund (Class A)
MFS(R) Emerging Growth Fund (Class A)
SECURITIES VALUATION TRANSACTIONS:
The market value of investments in the Sub-Accounts is based on the closing net
asset values of the Fund shares held at the end of the year. Investment
transactions are accounted for on the trade date (date the order to purchase or
redeem is executed) and dividend income and capital gain distributions are
recorded on the ex-dividend date. Net realized gains and losses on redemptions
of shares of the Funds are determined on the basis of specific identification of
Fund share costs.
VARIABLE ANNUITY RESERVES:
The amount of the reserves for contracts in the distribution period is
determined by actuarial assumptions which meet statutory requirements. Gains or
losses resulting from actual mortality experience, the full responsibility for
which is assumed by ReliaStar Life, are offset by transfers to, or from,
ReliaStar Life.
2. FEDERAL INCOME TAXES:
The MFS/ReliaStar Variable Account has not provided for income taxes because in
1981 the Internal Revenue Service issued Revenue Ruling 81-225, which holds, in
part, that for certain types of variable annuity contracts, the Contract Owner
is considered the owner of the underlying mutual fund shares for federal income
tax purposes and any earnings and/or gains from the shares are included in the
gross income of the Contract Owner. The Ruling requires that all long-term
realized gains or losses on nontax qualified accounts be reported to the
Contract Owners.
3. CONTRACT CHARGES:
No deduction is made for a sales charge from the purchase payments made for the
contracts. However, on certain surrenders, ReliaStar Life will deduct from the
contract value a surrender charge as set forth in the contract.
Charges by ReliaStar Life on the contracts include: (a) an annual administrative
charge of $30 from each contract on the anniversary date or at the time of
surrender if other than the anniversary date and (b) a charge for mortality and
expense risk assumed by ReliaStar Life.
Various states and other governmental units levy a premium tax on annuity
contracts issued by insurance companies. If the owner of a contract lives in a
state which levies such a tax, ReliaStar Life may deduct the amount of the tax
from the purchase payments received or the value of the contract at
annuitization.
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(UNAUDITED)
4. INVESTMENTS:
The net realized gains (losses) on redemptions of fund shares for the period
ended June 30, 1997 and the years ended December 31, 1996 and 1995 were as
follows, (in thousands):
TOTAL MFS(R) MONEY MARKET FUND
------------------------------------------------ -------------------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Proceeds from redemptions... $3,457 $9,959 $6,671 $1,101 $3,205 $2,050
Cost........................ 3,073 9,211 6,283 1,101 3,205 2,050
------------ ------------ ------------ ------------ ------------ ------------
Net realized gains (losses) on
redemptions of fund shares $384 $748 $388 $- $- $-
=========== ============ ============ =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
MASSACHUSETTS INVESTORS
GROWTH STOCK FUND MFS(R) RESEARCH FUND
(CLASS A) (CLASS A)
------------------------------------------------ -------------------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Proceeds from redemptions... $96 $261 $290 $198 $408 $503
Cost........................ 98 229 244 132 280 395
------------ ------------ ------------ ------------ ------------ ------------
Net realized (losses) gains on
redemptions of fund shares ($2) $32 $46 $66 $128 $108
=========== ============ ============ =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
MFS(R) WORLD
MFS(R) HIGH INCOME FUND GOVERNMENTS FUND
(CLASS A) (CLASS A)
------------------------------------------ --------------------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Proceeds from redemptions... $705 $2,911 $913 $78 $119 $220
Cost........................ 637 2,758 959 90 124 227
------------ ------------ ------------ ------------ ------------ ------------
Net realized gains (losses) on
redemptions of fund shares $68 $153 ($46) ($12) ($5) ($7)
=========== ============ ============ =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(UNAUDITED)
MFS(R) BOND FUND MASSACHUSETTS INVESTORS TRUST
(CLASS A) (CLASS A)
----------------------------------------------------------------------- ------------------------------------
<S> <C> <C> <C> <C> <C>
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
------------ ------------ ------------ ------------ ------------ ------------
$80 $465 $276 $238 $378 $190
86 492 292 206 357 220
------------ ------------ ------------ ----------- ------------ ------------
($6) ($27) ($16) $32 $21 ($30)
=========== ============ ============ =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
MFS(R) GROWTH
MFS(R) TOTAL RETURN FUND OPPORTUNITIES FUND
(CLASS A) (CLASS A)
---------------------------------------------------------------------- -------------------------------------
<S> <C> <C> <C> <C> <C>
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
------------ ------------ ------------ ------------ ------------ ------------
$264 $875 $1,025 $416 $811 $924
216 707 844 354 694 790
------------ ------------ ------------ ------------ ------------ ------------
$48 $168 $181 $62 $117 $134
=========== ============ ============ =========== =========== ===========
</TABLE>
MFS(R) EMERGING
GROWTH FUND
(CLASS A)
----------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995
------------ ------------ ------------
$281 $526 $280
153 365 262
------------ ------------ ------------
$128 $161 $ 18
=========== ============ ============
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(UNAUDITED)
5. CONTRACT OWNERS' TRANSACTIONS:
Unit transactions in each Sub-Account during the period ended June 30, 1997 and
the years ended December 31, 1996 and 1995, were as follows:
MFS(R) BOND
MFS(R) MONEY FUND
MARKET FUND (CLASS A)
------------------------------------------ -----------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
----------- ---------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Units outstanding, beginning of the year 87,276.593 112,836.517 167,242.251 26,481.055 35,793.566 40,693.896
Units purchased.................... 1,078.031 1,714.479 2,492.450 132.202 333.249 446.925
Units redeemed..................... (1,775.931) (39,944.861) (60,956.726) (1,421.614) (7,278.223) (5,794.078)
Units transferred between Sub-Accounts (1,454.022) 12,670.458 4,058.542 (74.975) (2,367.537) 446.823
---------- ---------- ---------- ---------- ---------- ----------
Units outstanding, end of the period 85,124.671 87,276.593 112,836.517 25,116.668 26,481.055 35,793.566
========== ========== =========== ========== ========== ==========
MFS(R) GROWTH
MFS(R) TOTAL OPPORTUNITIES
RETURN FUND FUND
(CLASS A) (CLASS A)
----------------------------------- -----------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995
----------- ---------- ---------- ---------- ---------- ----------
Units outstanding, beginning of the year 53,970.445 62,014.906 81,547.990 83,303.295 94,889.785 111,725.962
Units purchased.................... 323.314 981.031 1,366.667 763.457 921.683 1,166.607
Units redeemed..................... (3,193.498) (8,907.383) (15,678.477) (5,398.770) (12,320.088) (18,109.828)
Units transferred between Sub-Accounts 621.693 (118.109) (5,221.274) (466.032) (188.085) 107.044
---------- ---------- ---------- ---------- ---------- ----------
Units outstanding, end of the period 51,721.954 53,970.445 62,014.906 78,201.950 83,303.295 94,889.785
========== ========== ========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
MASSACHUSETTS
MASSACHUSETTS INVESTORS GROWTH MFS(R) RESEARCH
INVESTORS TRUST STOCK FUND FUND
(CLASS A) (CLASS A) (CLASS A)
--------------------------------- --------------------------------- ---------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995 1997 1996 1995
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
23,704.557 23,606.537 24,462.931 24,977.210 28,462.862 34,032.392 25,319.660 27,105.758 35,069.784
177.235 611.033 697.792 225.283 527.008 695.880 180.668 477.002 345.673
(637.785) (2,344.275) (2,385.827) (1,191.143) (3,620.898) (5,171.989) (721.793) (3,197.116) (6,975.455)
2,345.389 1,831.262 831.641 2,246.894 (391.762) (1,093.421) (1,601.863) 934.016 (1,334.244)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
25,589.396 23,704.557 23,606.537 26,258.244 24,977.210 28,462.862 23,176.672 25,319.660 27,105.758
========== ========== ========== ========== ========== ========== ========== ========== ==========
MFS(R) WORLD MFS(R) EMERGING
MFS(R) HIGH GOVERNMENTS GROWTH
INCOME FUND FUND FUND
(CLASS A) (CLASS A) (CLASS A)
--------------------------------- --------------------------------- ---------------------------------
PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED PERIOD ENDED YEAR ENDED YEAR ENDED
JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31, JUNE 30, DEC. 31, DEC. 31,
1997 1996 1995 1997 1996 1995 1997 1996 1995
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
58,384.552 83,394.363 95,772.845 11,718.690 13,675.919 15,677.993 39,549.272 39,184.416 39,191.298
147.649 350.936 343.909 17.621 41.025 128.349 1,146.172 790.647 1,016.229
(1,436.995) (20,536.707) (16,544.601) (629.969) (1,394.653) (1,615.579) (2,975.921) (1,734.993) (1,275.193)
(392.733) (4,824.040) 3,822.210 (410.890) (603.601) (514.844) (1,168.997) 1,309.202 252.082
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
56,702.473 58,384.552 83,394.363 10,695.452 11,718.690 13,675.919 36,550.526 39,549.272 39,184.416
========== ========== ========== ========== ========== ========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(UNAUDITED)
6. STATEMENT OF OPERATIONS AND CHANGES IN CONTRACT OWNERS' EQUITY.
Operations and changes in Contract Owners' equity for the period ended June 30,
1997 were as follows, (in thousands):
MASSACHUSETTS
MASSACHUSETTS INVESTORS
MFS(R) MFS(R) INVESTORS GROWTH STOCK
MONEY MARKET BOND FUND TRUST FUND
TOTAL FUND (CLASS A) (CLASS A) (CLASS A)
----------- ----------- ----------- ----------- -----------
Net investment income:
<S> <C> <C> <C> <C> <C>
Reinvested dividend income............ $306 $53 $43 $12 $-
Reinvested capital gains.............. - - - - -
Administrative expenses............... (166) (17) (9) (13) (12)
----------- ----------- ----------- ----------- -----------
Net investment income
and capital gains (losses)....... 140 36 34 (1) (12)
----------- ----------- ----------- ----------- -----------
Realized and unrealized gains (losses):
Net realized gains (losses) on redemptions
of fund shares................... 384 - (6) 32 (2)
Increase (decrease) in unrealized
appreciation of investments....... 1,890 - 8 298 393
----------- ----------- ----------- ----------- -----------
Net realized and
unrealized gains (losses)......... 2,274 - 2 330 391
----------- ----------- ----------- ----------- -----------
Net additions from operations 2,414 36 36 329 379
----------- ----------- ----------- ----------- -----------
Contract Owners' transactions:
Net purchase payments................. 223 26 6 16 15
Surrenders............................ (1,027) (42) (66) (50) (75)
Transfers between Sub-Accounts........ - (38) (4) 186 141
Annuity payments..................... (11) - (1) (2) -
Transfers from required reserves...... 2 - - 1 -
----------- ----------- ----------- ----------- -----------
Net (reductions) additions for
Contract Owners' transactions.. (813) (54) (65) 151 81
----------- ----------- ----------- ----------- -----------
Net (reductions) additions for the period 1,601 (18) (29) 480 460
Contract Owners' Equity, beginning of the year 22,892 2,174 1,252 1,730 1,440
----------- ----------- ----------- ----------- -----------
Contract Owners' Equity, end of the period.. $24,493 $2,156 $1,223 $2,210 $1,900
============ ============ =========== =========== ===========
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(UNAUDITED)
MFS(R) MFS(R)
MFS(R) MFS(R) GROWTH MFS(R) WORLD MFS(R)
RESEARCH TOTAL RETURN OPPORTUNITIES HIGH INCOME GOVERNMENTS EMERGING
FUND FUND FUND FUND FUND GROWTH FUND
(CLASS A) (CLASS A) (CLASS A) (CLASS A) (CLASS A) (CLASS A)
----------- ----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
$- $68 $- $130 $- $-
- - - - - -
(12) (25) (37) (21) (4) (16)
----------- ----------- ----------- ----------- ----------- -----------
(12) 43 (37) 109 (4) (16)
----------- ----------- ----------- ----------- ----------- -----------
66 48 62 68 (12) 128
142 253 684 (20) (2) 134
----------- ----------- ----------- ----------- ----------- -----------
208 301 746 48 (14) 262
----------- ----------- ----------- ----------- ----------- -----------
196 344 709 157 (18) 246
----------- ----------- ----------- ----------- ----------- -----------
13 22 48 9 1 67
(51) (181) (338) (76) (25) (123)
(109) 8 (28) (23) (25) (108)
- - (6) - (2) -
- - 1 - - -
----------- ----------- ----------- ----------- ----------- -----------
(147) (151) (323) (90) (51) (164)
----------- ----------- ----------- ----------- ----------- -----------
49 193 386 67 (69) 82
1,731 3,539 5,083 3,103 612 2,228
----------- ----------- ----------- ----------- ----------- -----------
$1,780 $3,732 $5,469 $3,170 $543 $2,310
=========== ============ ============ =========== =========== ===========
</TABLE>
MFS/RELIASTAR VARIABLE ACCOUNT
20 WASHINGTON AVENUE SOUTH
MINNEAPOLIS, MINNESOTA 55401
(612) 372-5507
38776j
(Select I)
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