|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: TRIAD SYSTEMS CORP, SC 14D9/A, 1997-02-20 |
Next: MFS NWNL VARIABLE ACCOUNT, 24F-2NT, 1997-02-20 |
[GRAPHIC OMITTED]
MFS/RELIASTAR VARIABLE ACCOUNT
ANNUAL REPORT
FOR THE YEAR ENDED
DECEMBER 31, 1996
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.
INDEPENDENT AUDITORS' REPORT
Board of Directors
ReliaStar Life Insurance
Company and Contract Owners of
MFS/ReliaStar Variable Account:
We have audited the accompanying statement of assets and liabilities of
MFS/ReliaStar Variable Account as of December 31, 1996 and the related combined
statements of operations and changes in Contract Owners' equity for each of the
three years in the period ended December 31, 1996. These financial statements
are the responsibility of the management of ReliaStar Insurance Company. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We have conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatements. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. Our procedures include
confirmation of the securities owned as of December 31, 1996, by correspondence
with the Account custodians. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of MFS/ReliaStar Variable
Account as of December 31, 1996, and the results of its operations and changes
in Contract Owners' equity for each of the three years in the period ended
December 31, 1996, in conformity with generally accepted accounting principles.
Deloitte & Touche LLP
Minneapolis, Minnesota
February 7, 1997
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
STATEMENT OF ASSETS AND LIABILITIES
December 31, 1996
(In Thousands, Except Share and Unit Data)
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
2,176,141 shares (cost $2,176)......... $2,176
MFS(R) Bond Fund- Class A
95,387 shares (cost $1,272)............ $1,262
Massachusetts Investors Trust- Class A
119,725 shares (cost $1,529)........... $1,731
Massachusetts Investors Growth Stock Fund- Class A
144,508 shares (cost $1,567)........... $1,442
MFS(R) Research Fund- Class A
93,576 shares (cost 1,334)............. $1,733
MFS(R) Total Return Fund- Class A
239,554 shares (cost $3,222)...........
MFS(R) Growth Opportunities Fund- Class A
392,222 shares (cost $4,442)...........
MFS(R) High Income Fund- Class A
581,856 shares (cost $2,964)...........
MFS(R) World Governments Fund- Class A
54,238 shares (cost $642)..............
MFS(R) Emerging Growth Fund- Class A
73,641 shares (cost $1,609)............
------ ------ ------ ------ ------
Total Assets................................ $2,176 $1,262 $1,731 $1,442 $1,733
====== ====== ====== ====== ======
LIABILITIES AND
CONTRACT OWNERS' EQUITY:
Due to ReliaStar Life
Insurance Company for accrued contract
charges and reserve transfers. .......... $2 $10 $1 $2 $2
Contract Owners' Equity..................... 2,174 1,252 1,730 1,440 1,731
------ ------ ------ ------ ------
Total Liabilities and Contract Owners' Equity $2,176 $1,262 $1,731 $1,442 $1,733
====== ====== ====== ====== ======
Units Outstanding:................ 87,276.593 26,481.055 23,704.557 24,977.210 25,319.660
Net Asset Value per Unit:
Tax Qualified.............. $24.905469 $46.569892 $71.875493 $57.673774 $68.332341
Non-Tax Qualified.......... $24.949442 $45.662744 $70.065047 $56.364103 $71.850683
The accompanying notes are an integral part of the financial statements.
</TABLE>
<TABLE>
<CAPTION>
STATEMENT OF ASSETS AND LIABILITIES, CONTINUED
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> <C>
$2,176
1,262
1,731
1,442
1,733
$3,543 3,543
$5,087 5,087
$3,107 3,107
$613 613
$2,231 2,231
------ ------ ------ ---- ------ -------
$3,543 $5,087 $3,107 $613 $2,231 $22,925
====== ====== ====== ==== ====== =======
$4 $4 $4 $1 $3 $33
3,539 5,083 3,103 612 2,228 22,892
------ ------ ------ ---- ------ -------
$3,543 $5,087 $3,107 $613 $2,231 $22,925
====== ====== ====== ==== ====== =======
53,970.445 83,303.295 58,384.552 11,718.690 39,549.272 434,685.329
$65.565066 $59.969284 $53.102331 $49.792419 $56.337310
$65.740426 $54.618545 $53.612109 $49.824192 $56.337310
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)
YEAR ENDED YEAR ENDED YEAR ENDED
DECEMBER 31, DECENBER 31, DECEMBER 31,
1996 1995 1994
----------- ----------- -----------
<S> <C> <C> <C>
Net investment income:
Reinvested dividend income..................................... $1,084 $ 960 $844
Reinvested capital gains....................................... 1,012 1,107 751
Administrative expenses........................................ (344) (350) (365)
----------- ----------- -----------
Net investment income and capital gains................. 1,752 1,717 1,230
----------- ----------- -----------
Realized and unrealized gains (losses):
Net realized gains on redemption of fund shares............... 748 388 268
Increase (decrease) in unrealized appreciation
of investments............................................ 484 2,731 (2,242)
----------- ----------- -----------
Net realized and unrealized gains (losses)................ 1,232 3,119 (1,974)
----------- ----------- -----------
Net additions (reductions) from operations............. 2,984 4,836 (744)
----------- ----------- -----------
Contract Owners' transactions:
Net purchase payments......................................... 325 339 492
Surrenders.................................................... (3,840) (4,519) (3,049)
Annuity payments.............................................. (222) (283) (54)
Transfers to (from) required reserves......................... 3 - (18)
----------- ----------- -----------
Net reductions for Contract Owners' transactions.......... (3,734) (4,463) (2,629)
----------- ----------- -----------
Net (reductions) additions for the year................ (750) 373 (3,373)
Contract Owners' Equity, beginning of the year...................... 23,642 23,269 26,642
----------- ----------- -----------
Contract Owners' Equity, end of the year............................ $22,892 $23,642 $23,269
=========== =========== ===========
</TABLE>
The accompanying notes are integral part of the financial statements.
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
ORGANIZATION 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
4. INVESTMENTS:
The net realized gains (losses) on redemptions of fund shares for the years
ended December 31, 1996, 1995 and 1994 were as follows, (in thousands):
TOTAL MFS(R) MONEY MARKET FUND
------------------------------------------ --------------------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Proceeds from redemptions... $9,959 $6,671 $12,719 $3,205 $2,050 $4,904
Cost........................ 9,211 6,283 12,451 3,205 2,050 4,904
------------ ------------ ------------ ------------ ------------ ------------
Net realized gains (losses) on
redemptions of fund shares $748 $388 $268 $- $- $-
============ ============ ============ =========== ============ ============
</TABLE>
<TABLE>
<CAPTION>
MASSACHUSETTS INVESTORS
GROWTH STOCK FUND MFS(R) RESEARCH FUND
(CLASS A) (CLASS A)
------------------------------------------- -------------------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Proceeds from redemptions... $261 $290 $226 $408 $503 $273
Cost........................ 229 244 201 280 395 214
------------ ------------ ------------ ------------ ------------ ------------
Net realized gains (losses) on
redemptions of fund shares $32 $46 $25 $128 $108 $59
============ ============ ============ =========== ============ ============
</TABLE>
<TABLE>
<CAPTION>
MFS(R) WORLD
MFS(R) HIGH INCOME FUND GOVERNMENTS FUND
(CLASS A) (CLASS A)
------------------------------------------- -------------------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Proceeds from redemptions... $2,911 $913 $4,304 $119 $220 $354
Cost........................ 2,758 959 4,196 124 227 379
------------ ------------ ------------ ------------ ------------ ------------
Net realized gains (losses) on
redemptions of fund shares $153 ($46) $108 ($5) ($7) ($25)
============ ============ ============ =========== ============ ============
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
MFS(R) BOND FUND MASSACHUSETTS INVESTORS TRUST
(CLASS A) (CLASS A)
---------------------------------------------------- ---------------------------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
$465 $276 $682 $378 $190 $157
492 292 705 357 220 182
------------ ------------ ------------ ----------- ------------ ------------
($27) ($16) ($23) $21 ($30) ($25)
============ ============ ============= =========== ============= =============
</TABLE>
<TABLE>
<CAPTION>
MFS(R) GROWTH
MFS(R) TOTAL RETURN FUND OPPORTUNITIES FUND
(CLASS A) (CLASS A)
- --------------------------------------------------------- -----------------------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
$875 $1,025 $1,031 $811 $924 $586
707 844 901 694 790 557
------------ ------------ ------------ ------------ ------------ ------------
$168 $181 $130 $117 $134 $29
============ ============ ============ =========== ============ ============
</TABLE>
MFS(R) EMERGING
GROWTH FUND
(CLASS A)
-----------------------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994
------------ ------------ ------------
$526 $280 $202
365 262 212
------------ ------------ ------------
$161 $ 18 ($10)
============ ============ ===========
5. CONTRACT OWNERS' TRANSACTIONS:
Unit transactions in each Sub-Account during the years ended December 31,
1996, 1995, and 1994 were as follows:
<TABLE>
<CAPTION>
MFS(R) BOND
MFS(R) MONEY FUND
MARKET FUND (CLASS A)
-------------------------------------------- -----------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
----------- ---------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Units outstanding, beginning of the year 112,836.517 167,242.251 175,814.541 35,793.566 40,693.896 50,303.756
Units purchased.................... 1,714.479 2,492.450 3,150.590 333.249 446.925 550.518
Units redeemed..................... (39,944.861) (60,956.726) (41,227.550) (7,278.223) (5,794.078) (4,984.507)
Units transferred between Sub-Accounts 12,670.458 4,058.542 29,504.670 (2,367.537) 446.823 (5,175.871)
---------- ---------- ---------- ---------- ---------- ----------
Units outstanding, end of the year. 87,276.593 112,836.517 167,242.251 26,481.055 35,793.566 40,693.896
========== =========== =========== ========== ========== ==========
MFS(R) GROWTH
MFS(R) TOTAL OPPORTUNITIES
RETURN FUND FUND
(CLASS A) (CLASS A)
----------------------------------- -----------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994
----------- ---------- ---------- ---------- ---------- ----------
Units outstanding, beginning of the year 62,014.906 81,547.990 89,906.122 94,889.785 111,725.962 120,705.939
Units purchased.................... 981.031 1,366.667 2,564.594 921.683 1,166.607 1,677.949
Units redeemed..................... (8,907.383) (15,678.477) (13,630.791) (12,320.088) (18,109.828) (9,521.122)
Units transferred between Sub-Accounts (118.109) (5,221.274) 2,708.065 (188.085) 107.044 (1,136.804)
---------- ---------- ---------- ---------- ---------- ----------
Units outstanding, end of the year. 53,970.445 62,014.906 81,547.990 83,303.295 94,889.785 111,725.962
========== ========== ========== ========== ========== ===========
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
MASSACHUSETTS INVESTORS GROWTH MFS(R) RESEARCH
INVESTORS TRUST STOCK FUND FUND
(CLASS A) (CLASS A) (CLASS A)
--------------------------------- --------------------------------- ---------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994 1996 1995 1994
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
23,606.537 24,462.931 26,534.206 28,462.862 34,032.392 37,169.634 27,105.758 35,069.784 32,935.954
611.033 697.792 764.201 527.008 695.880 837.386 477.002 345.673 439.089
(2,344.275) (2,385.827) (1,997.585) (3,620.898) (5,171.989) (4,276.482) (3,197.116) (6,975.455) (3,194.020)
1,831.262 831.641 (837.891) (391.762) (1,093.421) 301.854 934.016 (1,334.244) 4,888.761
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
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
========== ========== ========== ========== ========== ========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
MFS(R) WORLD MFS(R) EMERGING
MFS(R) HIGH GOVERNMENTS GROWTH
INCOME FUND FUND FUND
(CLASS A) (CLASS A) (CLASS A)
--------------------------------- --------------------------------- ---------------------------------
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31,
1996 1995 1994 1996 1995 1994 1996 1995 1994
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
83,394.363 95,772.845 120,857.156 13,675.919 15,677.993 20,279.064 39,184.416 39,191.298 34,652.403
350.936 343.909 1,627.949 41.025 128.349 254.406 790.647 1,016.229 1,145.168
(20,536.707) (16,544.601) (21,586.502) (1,394.653) (1,615.579) (2,420.053) (1,734.993) (1,275.193) (2,853.696)
(4,824.040) 3,822.210 (5,125.758) (603.601) (514.844) (2,435.424) 1,309.202 252.082 6,247.423
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
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
========== ========== ========== ========== ========== ========== ========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
6. STATEMENT OF OPERATIONS AND CHANGES IN CONTRACT OWNERS' EQUITY. Operations
and changes in Contract Owners' equity for the year ended December 31, 1996
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............ $1,084 $121 $105 $36 $69
Reinvested capital gains.............. 1,012 - - 131 273
Administrative expenses............... (344) (41) (21) (22) (21)
----------- ----------- ----------- ----------- -----------
Net investment income
and capital gains (losses)....... 1,752 80 84 145 321
----------- ----------- ----------- ----------- -----------
Realized and unrealized gains (losses):
Net realized gains (losses) on redemptions
of fund shares................... 748 - (27) 21 32
Increase (decrease) in unrealized
appreciation of investments....... 484 - (27) 167 (88)
----------- ----------- ----------- ----------- -----------
Net realized and
unrealized gains (losses)......... 1,232 - (54) 188 (56)
----------- ----------- ----------- ----------- -----------
Net additions from operations 2,984 80 30 333 265
----------- ----------- ----------- ----------- -----------
Contract Owners' transactions:
Net purchase payments................. 325 42 14 41 27
Surrenders............................ (3,840) (936) (324) (53) (189)
Transfers between Sub-Accounts........ - 305 (110) 23 (17)
Annuity payments..................... (222) (35) (4) (3) -
Transfers from required reserves...... 3 - 1 - -
----------- ----------- ----------- ----------- -----------
Net (reductions) additions for
Contract Owners' transactions.. (3,734) (624) (423) 8 (179)
----------- ----------- ----------- ----------- -----------
Net (reductions) additions for the year (750) (544) (393) 341 86
Contract Owners' Equity, beginning of the year 23,642 2,718 1,645 1,389 1,354
----------- ----------- ----------- ----------- -----------
Contract Owners' Equity, end of the year.... $22,892 $2,174 $1,252 $1,730 $1,440
======= ====== ====== ====== ======
</TABLE>
<TABLE>
<CAPTION>
MFS/RELIASTAR VARIABLE ACCOUNT
NOTES TO FINANCIAL STATEMENTS, CONTINUED
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> <C>
$50 $186 $184 $304 $16 $13
34 195 365 - 1 13
(23) (52) (72) (50) (9) (33)
----------- ----------- ----------- ----------- ----------- -----------
61 329 477 254 8 (7)
----------- ----------- ----------- ----------- ----------- -----------
128 168 117 153 (5) 161
129 (78) 329 (44) 20 76
----------- ----------- ----------- ----------- ----------- -----------
257 90 446 109 15 237
----------- ----------- ----------- ----------- ----------- -----------
318 419 923 363 23 230
----------- ----------- ----------- ----------- ----------- -----------
30 58 49 19 2 43
(176) (535) (666) (803) (66) (92)
72 3 (7) (338) (29) 98
(21) - (30) (126) (3) -
- - 2 - - -
----------- ----------- ----------- ----------- ----------- -----------
(95) (474) (652) (1,248) (96) 49
----------- ----------- ----------- ----------- ----------- -----------
223 (55) 271 (885) (73) 279
1,508 3,594 4,812 3,988 685 1,949
----------- ----------- ----------- ----------- ----------- -----------
$1,731 $3,539 $5,083 $3,103 $612 $2,228
====== ====== ====== ====== ==== ======
</TABLE>
MFS/RELIASTAR VARIABLE ACCOUNT
20 WASHINGTON AVENUE SOUTH
MINNEAPOLIS, MINNESOTA 55401
(612) 372-5507
38500j
(Select I)
|
|