MASSACHUSETTS MUTUAL VARIABLE ANNUITY SEPARATE ACCOUNT 1, N-30D, 1999-08-25

MASSACHUSETTS MUTUAL VARIABLE ANNUITY SEPARATE ACCOUNT 1
N-30D, 1999-08-25

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Massachusetts Mutual Variable Annuity Separate Account 1--
Flex Extra (Qualified)

Part II

Part II was not included with the Semiannual Report (N30-D filing) sent to the Contract Owners in August, 1998. The Contract Owners did receive the accompanying Separate Account financial statements and the respective underlyingFund reports that the Massachusetts Mutual Variable Annuity Separate Account 1-Flex Extra (Qualified) invest in.

The following underlying Funds that were sent to the Contract Owners are incorporated by reference in this filing to the SEC as part of the Edgarization filing.

1.		The MML Series Investment Fund was edgarized and filed with the SEC in August, 1998 under File number 811-0224.

2.		The Oppenheimer Variable Account Fund was edgarized and filed with the SEC in August, 1998 under File number 811-04108.

A Message To Our Contract Owners:

We are pleased to forward this combined Semiannual Report of the segment of Massachusetts Mutual Variable Annuity Separate Account 1 ("Separate Account 1") pertaining to Flex Extra (Qualified) (the "Segment"), four Funds of the MML Series Investment Fund, ("MML Trust") and three Funds of the Oppenheimer Variable Account Funds available to owners of Flex Extra contracts. These reports are for the period ended June 30, 1999.

The Semiannual Report for the Segment begins on page 3. The Segment has net assets of $4,879,192,480 as of June 30, 1999. Net asset values per accumulation unit for the MML Equity, MML Money Market, MML Managed Bond and MML Blend, Oppenheimer Capital Appreciation, Oppenheimer Global Securities and Oppenheimer Strategic Bond Divisions of the Segment as of June 30, 1999 are shown in detail in the table on page 3.

The Semiannual Report for the MML Trust begins on page 11. This report contains a detailed description of the financial results of the MML Equity Fund, MML Money Market Fund, MML Managed Bond Fund and MML Blend Fund for the period ended June 30, 1999.

The Semiannual Report for the Oppenheimer Variable Account Funds begins on page 50. This report contains a detailed description of the financial results of the Oppenheimer Aggressive Growth Fund/VA, Oppenheimer Global Securities Fund/VA and Oppenheimer Strategic Bond Fund/VA for the period ended June 30, 1999.

We appreciate the interest and confidence you have shown in Separate Account 1.

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
/s/ Robert J. O'Connell
Robert J. O'Connell
President and Chief Executive Officer

August 2, 1999

Contents

Massachusetts Mutual Variable Annuity Separate Account 1 - Flex Extra (Qualified)
	Statement of Assets and Liabilities as of June 30, 1999
	Statement of Operations For the Six Months Ended June 30, 1999
	Statement of Changes in Net Assets For the Six Months Ended June 30, 1999 and 1998
	Notes to Financial Statements

MML Series Investment Fund
	To Our Shareholders
	Statement of Assets and Liabilities as of June 30, 1999
	Statement of Operations For the Six Months Ended June 30, 1999
	Statement of Changes in Net Assets For the Six Months Ended June 30, 1999 and
		For the Year Ended December 31, 1998
	Financial Highlights
	Schedule of Investments as of June 30, 1999
		MML Equity Fund
		MML Money Market Fund
		MML Managed Bond Fund
		MML Blend Fund
	Notes to Financial Statements

Oppenheimer Variable Account Funds
	Oppenheimer Aggressive Growth Fund/VA
	Oppenheimer Global Securities Fund/VA
	Oppenheimer Strategic Bond Fund/VA

Massachusetts Mutual Variable Annuity Separate Account 1 - Flex Extra (Qualified)

STATEMENT OF ASSETS AND LIABILITIES
June 30, 1999
(Unaudited)

			MML Equity Division		MML Money Market Division		MML Managed Bond Division		MML Blend Division		* Oppenheimer Capital Appreciation Division		Oppenheimer Global Securities Division		Oppenheimer Strategic Bond Division





ASSETS
Investments
	Number of shares (Note 2)			44,641,544		89,118,628		11,077,850		75,126,638		8,529,814		11,827,598		15,397,494

	Identified cost (Note3B )			$1,190,374,184		$89,118,628		$136,652,918		$1,506,568,690		$324,912,393		$218,854,544		$78,000,778

	Value (Note 3A )			$1,880,189,809		$89,118,628		$134,795,411		$1,954,623,521		$462,742,419		$283,744,080		$74,523,870
Receivable from Massachusetts
	Mutual Life Insurance Company			-		119		1,663		-		-		-		-
Other assets				2,532		19		361		5,386		464		363		258

		Total assets		1,880,192,341		89,118,766		134,797,435		1,954,628,907		462,742,883		283,744,443		74,524,128

LIABILITIES
Annuitant mortality fluctuation reserve
	(Note 3D)			28,056		364		2,862		62,352		2,815		1,281		660
Payable to Massachusetts Mutual
	Life Insurance Company			173,275		-		-		123,674		110,983		50,019		82

		Total liabilities		201,331		364		2,862		186,026		113,798		51,300		742

NET ASSETS				$1,879,991,010		$89,118,402		$134,794,573		$1,954,442,881		$462,629,085		$283,693,143		$74,523,386


Net Assets:
Accumulation units value				$1,879,055,825		$89,106,254		$134,699,165		$1,952,364,477		$462,535,257		$283,650,436		$74,501,387
Annuity reserves (Note 3E)				935,185		12,148		95,408		2,078,404		93,828		42,707		21,999


		Net assets		$1,879,991,010		$89,118,402		$134,794,573		$1,954,442,881		$462,629,085		$283,693,143		$74,523,386


Accumulation units (Note 8)
	Contractowners			415,024,420		53,468,082		59,770,630		554,867,031		201,252,017		174,552,581		55,616,583
	Massachusetts Mutual Life
		Insurance Company		-		-		-		-		5,000		5,000		5,000

		Total units		415,024,420		53,468,082		59,770,630		554,867,031		201,257,017		174,557,581		55,621,583


NET ASSET VALUE PER
	ACCUMULATION UNIT
	June 30, 1999			$4.53		$1.67		$2.25		$3.52		$2.30		$1.62		$1.34
	June 30, 1998			3.98		1.61		2.24		3.21		2.01		1.42		1.36
	June 30, 1997			3.36		1.55		2.04		2.80		1.65		1.21		1.28
	June 30, 1996			2.64		1.49		1.91		2.36		1.56		0.98		1.15
	June 30, 1995			2.18		1.44		1.85		2.06		1.13		0.91		1.05

* This division invests in the Oppenheimer Aggressive Growth Fund/VA.

See Notes to Financial Statements.

Massachusetts Mutual Variable Annuity Separate Account 1 - Flex Extra (Qualified)

STATEMENT OF OPERATIONS

For The Six Months Ended June 30, 1999
(Unaudited)

* This division invests in the Oppenheimer Aggressive Growth Fund/VA.

See Notes to Financial Statements.

Massachusetts Mutual Variable Annuity Separate Account 1 - Flex Extra (Qualified)

STATEMENT OF CHANGES IN NET ASSETS
For The Six Months Ended June 30, 1999
(Unaudited)

MML
Equity
Division

MML
Money
Market
Division

MML
Managed
Bond
Division

MML
Blend
Division

*Oppenheimer
Capital
Appreciation
Division

Oppenheimer
Global
Securities
Division

Oppenheimer
Strategic
Bond
Division

Increase (decrease) in net assets

Operations:

Net investment income
$ (11,608,683)

$ 1,382,673

$ 1,171,003

$ 3,482,606

$ (2,673,574)

$ 9,828,035

$ 3,818,134

Net realized gain (loss) on investments
50,274,743

-

(121,886)

33,874,668

7,471,444

4,126,206

186,130

Change in net unrealized appreciation/

depreciation of investments
81,359,560

-

(4,643,863)

37,070,978

73,234,073

18,970,292

(4,396,491)

Net increase (decrease) in net assets

resulting from operations
120,025,620

1,382,673

(3,594,746)

74,428,252

78,031,943

32,924,533

(392,227)

Capital transactions: (Note 8)

Net contract payments (Note 6)
102,475,768

14,044,242

12,596,615

94,740,934

30,783,053

17,676,043

5,075,438

Transfer to Guaranteed Principal Account
(5,533,260)

(732,882)

(1,036,867)

(4,378,749)

(806,727)

(542,224)

(212,516)

Withdrawal of funds
(143,165,311)

(11,374,215)

(10,206,624)

(138,164,831)

(28,975,040)

(18,448,788)

(5,447,853)

Reimbursement (payment) of accumulation

unit value fluctuation
75,162

(1,863)

28,168

88,653

(171,277)

(42,895)

508

Net charge (credit) to annuitant mortality

fluctuation reserve (Note 3D)
8,116

85

(544)

22,161

(240)

70

26

Annuity benefit payments
(74,094)

(663)

(6,341)

(110,643)

(4,235)

(1,943)

(1,575)

Withdrawals due to administrative and

contingent deferred sales charges (Note 6)
(2,694,945)

(156,162)

(469,014)

(2,882,332)

(617,940)

(334,042)

(83,985)

Divisional transfers
3,100,385

1,009,375

(405,333)

1,586,773

388,463

(1,326,294)

(4,353,369)

Net increase (decrease) in net assets

resulting from capital transactions
(45,808,179)

2,787,917

500,060

(49,098,034)

596,057

(3,020,073)

(5,023,326)

Total increase (decrease)
74,217,441

4,170,590

(3,094,686)

25,330,218

78,628,000

29,904,460

(5,415,553)

NET ASSETS, at beginning of the year
1,805,773,569

84,947,812

137,889,259

1,929,112,663

384,001,085

253,788,683

79,938,939

NET ASSETS, at end of the period
$ 1,879,991,010

$ 89,118,402

$ 134,794,573

$ 1,954,442,881

$ 462,629,085

$ 283,693,143

$ 74,523,386

* This division invests in the Oppenheimer Aggressive Growth Fund/VA.

See Notes to Financial Statements.

Massachusetts Mutual Variable Annuity Separate Account 1 - Flex Extra (Qualified)

STATEMENT OF CHANGES IN NET ASSETS
For The Six Months Ended June 30, 1998
(Unaudited)

			MML Equity Division	MML Money Market Division	MML Managed Bond Division	MML Blend Division	Oppenheimer Capital* Appreciation Division	Oppenheimer Global Securities Division	Oppenheimer Strategic Bond Division

Increase (decrease) in net assets
Operations:
	Net investment income (loss)		$ (10,711,316)	$ 1,315,346	$1,037,110	$ 2,938,201	$ 6,811,083	$19,829,316	$ 1,542,071
	Net realized gain (loss) on investments		8,838,119	-	(8,480)	17,688,498	1,534,134	534,238	394,886
	Change in net unrealized appreciation/depreciation
		of investments	121,027,514	-	3,007,837	88,649,900	44,688,336	3,369,931	(156,887)

Net increase in net assets resulting from operations			119,154,317	1,315,346	4,036,467	109,276,599	53,033,553	23,733,485	1,780,070

Capital transactions: (Note 8)
	Net contract payments (Note 6)		130,865,516	20,299,499	10,459,450	119,159,458	42,999,322	27,575,099	14,581,468
	Transfer to Guaranteed Principal Account		(2,911,839)	(1,299,113)	(136,958)	(2,704,584)	(384,591)	(213,987)	(45,367)
	Withdrawal of funds		(75,847,405)	(6,456,235)	(5,283,548)	(98,497,845)	(15,022,538)	(9,569,335)	(3,965,821)
	Reimbursement (payment) of accumultation
		unit value fluctuation	56,997	10,978	(94,408)	(94,354)	55,411	(63,215)	(118,046)
	Net charge (credit) to annuitant mortality
		fluctuation reserve (Note 3D)	57,465	(1)	2,700	8,582	6,552	(312)	1,912
	Annuity benefit payments		(78,519)	(665)	(6,296)	(101,513)	(3,689)	(55)	(297)
	Withdrawals due to administrative and
		contingent deferred sales charges (Note 6)	(2,069,066)	(118,406)	(410,169)	(2,543,857)	(378,829)	(193,992)	(53,059)
	Divisional transfers		16,997,377	(13,200,844)	(243,355)	(6,256,776)	(650,608)	4,131,451	(777,245)

Net increase (decrease) in net assets
	resulting from capital transactions		67,070,526	(764,787)	4,287,416	8,969,111	26,621,030	21,665,654	9,623,545

Total increase			186,224,843	550,559	8,323,883	118,245,710	79,654,583	45,399,139	11,403,615

NET ASSETS, at beginning of the year			1,530,959,113	69,636,719	112,853,229	1,735,837,052	306,016,766	200,376,407	66,064,404

NET ASSETS, at end of the period			$ 1,717,183,956	$70,187,278	$121,177,112	$1,854,082,762	$385,671,349	$245,775,546	$77,468,019

* This division invests in the Oppenheimer Aggressive Growth Fund. Prior to May 1, 1998, Oppenheimer Aggressive Growth Fund was called the Oppenheimer Capital Appreciation Fund.

See Notes to Financial Statements.

Massachusetts Mutual Variable Annuity Separate Account 1 - Flex Extra (Qualified)

Notes To Financial Statements
(Unaudited)

1. HISTORY

Massachusetts Mutual Variable Annuity Separate Account 1 ("Separate Account 1") is a separate investment account established on April 8, 1981 by Massachusetts Mutual Life Insurance Company ("MassMutual" ). Separate Account 1 operates as a registered unit investment trust pursuant to the Investment Company Act of 1940 and the rules promulgated thereunder.

MassMutual maintains three segments within Separate Account 1. The segments are Variable Annuity Fund 4, Flex-Annuity IV (Qualified) and Flex Extra (Qualified.) These notes and the financial statements presented herein, with the exception of Note 9, describe and consist only of the Flex Extra (Qualified) segment (the "Segment").

On September 13, 1994, MassMutual paid $15,000 to provide the initial capital for the Segment's three most recently established divisions: 1,516 shares were purchased in the management investment company described in Note 2 supporting the three Oppenheimer divisions of the Segment.

2. INVESTMENT OF THE SEGMENT'S ASSETS

The Flex Extra (Qualified) Segment maintains seven divisions. The MML Equity Division invests in shares of MML Equity Fund, the MML Money Market Division invests in shares of MML Money Market Fund, the MML Managed Bond Division invests in shares of MML Managed Bond Fund, the MML Blend Division invests in shares of MML Blend Fund, the Oppenheimer Capital Appreciation Division invests in shares of Oppenheimer Aggressive Growth Fund/VA, the Oppenheimer Global Securities Division invests in shares of Oppenheimer Global Securities Fund/VA and the Oppenheimer Strategic Bond Division invests in shares of Oppenheimer Strategic Bond Fund/VA.

MML Equity Fund, MML Money Market Fund, MML Managed Bond Fund and MML Blend Fund are four of the eight separate series of shares of the MML Series Investment Fund (the "MML Trust"). The MML Trust is a no-load, open-end, management investment company registered under the Investment Company Act of 1940. MassMutual serves as the investment adviser to the MML Trust. David L. Babson & Company, Inc. ("Babson") a controlled subsidiary of MassMutual, serves as the investment sub-adviser to MML Equity Fund and the equity sector of the MML Blend Fund.

Oppenheimer Aggressive Growth Fund/VA, Oppenheimer Global Securities Fund/VA and Oppenheimer Strategic Bond Fund/VA are part of the Oppenheimer Variable Account Funds (the "Oppenheimer Trust"). The Oppenheimer Trust is a diversified, open-end, management investment company registered under the Investment Company Act of 1940, for which OppenheimerFunds, Inc. ("OFI"), a controlled subsidiary of MassMutual, serves as investment adviser.

In addition to the seven divisions of the Segment, a contract owner may also allocate funds to the Guaranteed Principal Account, which is part of MassMutual's general account. Because of exemptive and exclusionary provisions, interests in the Guaranteed Principal Account, which is part of MassMutual's general account, are not registered under the Securities Act of 1933. Also, the general account is not registered as an investment company under the Investment Company Act of 1940.

3. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed consistently by the Segment in preparation of the financial statements in conformity with generally accepted accounting principles.

7

Notes To Financial Statements (Continued)

A. Investment Valuation

Investments in MML Trust and Oppenheimer Trust are each stated at market value which is the net asset value of each of the respective underlying funds.

B. Accounting for Investments

Investment transactions are accounted for on trade date and identified cost is the basis followed in determining the cost of investments sold for financial statement purposes. Dividend income is recorded on the ex-dividend date.

C. Federal Income Taxes

Operations of the Segment form a part of the total operations of MassMutual, and the Segment is not taxed separately. MassMutual is taxed as a life insurance company under the provisions of the 1986 Internal Revenue Code, as amended. The Segment will not be taxed as a "regulated investment company " under Subchapter M of the Internal Revenue Code. Under existing federal law, no taxes are payable on investment income and realized capital gains attributable to contracts which depend on the Segment's investment performance. Accordingly, no provision for federal income tax has been made. MassMutual may, however, make such a charge in the future if an unanticipated change of current law results in a company tax liability attributable to the Segment.

D. Annuitant Mortality Fluctuation Reserve

The Segment maintains a reserve as required by regulatory authorities to provide for mortality losses incurred. The reserve is increased quarterly for mortality gains and its proportionate share of any increases in value. The reserve is charged quarterly for mortality losses and its proportionate share of any decreases in value. Transfers to or from MassMutual are then made quarterly to adjust the Segment. Net transfers from MassMutual to the segment totaled $36,400 for the six months ended June 30, 1999 and net transfers from the segments to MassMutual totaled $249,822 for the six months ended June 30, 1998. The reserve is subject to a maximum of 3% of the Segment's annuity reserves. Any mortality losses in excess of this reserve will be assumed by MassMutual. The reserve is not available to owners of contracts except to the extent necessary to cover mortality losses under the contracts.

E. Annuity Reserves

Annuity reserves are developed by using accepted actuarial methods and are computed using the 1971 Individual Annuity Mortality Table, as modified.

F. Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

4. CHARGES FOR MORTALITY AND EXPENSE RISKS AND ADMINISTRATIVE EXPENSES

Daily charges are made which are currently equivalent on an annual basis to 1.30% of the net asset value of the Segment (the "Net Asset Value"). The mortality and expense risk part of this charge is made daily at an annual rate which is currently equal to 1.15%, and will not exceed 1.25% of the Net Asset Value. The administrative expense part of this charge is made daily at an annual rate of 0.15% of the Net Asset Value.

Notes To Financial Statements (Continued)

5. DISTRIBUTION AGREEMENT

MML Distributors, LLC ("MML Distributors"), a wholly-owned subsidiary of MassMutual, serves as the principal underwriter for the contracts pursuant to an underwriting and servicing agreement among MML Distributors, MassMutual and Separate Account 1. MML Distributors is registered with the Securities and Exchange Commission (the "SEC") as a broker-dealer under the Securities Exchange Act of 1934 and is a member of the National Association of Securities Dealers, Inc. (the "NASD"). MML Distributors may enter into selling agreements with other broker-dealers who are registered with the SEC and are members of the NASD in order to sell the contracts.

MML Investors Services, Inc. (" MMLISI"), a wholly-owned subsidiary of MassMutual, serves as co-underwriter for the contracts pursuant to underwriting and servicing agreements among MMLISI, MassMutual and Separate Account 1. MMLISI is registered with the SEC as a broker-dealer under the Securities Exchange Act of 1934 and is a member of the NASD. Registered representatives of MMLISI sell the contracts as authorized variable life insurance agents under applicable state insurance laws.

Pursuant to the underwriting and servicing agreements, commissions or other fees due to registered representatives for selling and servicing the contracts are paid by MassMutual on behalf of MML Distributors or MMLISI. MML Distributors and MMLISI also receive compensation for their activities as underwriters of the contracts.

6. CHARGES/DEDUCTIONS FOR ADMINISTRATIVE CHARGES, CONTINGENT DEFERRED
SALES CHARGES AND PREMIUM TAXES

For The Six Months Ended
June 30, 1999

MML
Equity
Division

MML
Money
Market
Division

MML
Managed
Bond
Division

MML
Blend
Division

Oppenheimer
Capital
Appreciation
Division

Oppenheimer
Global
Securities
Division

Oppenheimer
Strategic
Bond
Division

Gross contract payments

$

102,503,551

$

14,048,050

$

12,600,030

$

94,766,620

$

30,791,399

$

17,680,835

$

5,076,814

Less deduction for

premium taxes

27,783

3,808

3,415

25,686

8,346

4,792

1,376

Net contract payments

$

102,475,768

$

14,044,242

$

12,596,615

$

94,740,934

$

30,783,053

$

17,676,043

$

5,075,438

Administrative and contingent

deferred sales charges

$

2,694,945

$

156,162

$

469,014

$

2,882,332

$

617,940

$

334,042

$

83,985

For The Six Months Ended
June 30, 1998

MML
Equity
Division

MML
Money
Market
Division

MML
Managed
Bond
Division

MML
Blend
Division

Oppenheimer
Capital
Appreciation
Division

Oppenheimer
Global
Securities
Division

Oppenheimer
Strategic
Bond
Division

Gross contract payments

$

130,898,582

$

20,304,628

$

10,462,093

$

119,189,567

$

43,010,187

$

27,582,067

$

14,585,152

Less deduction for

premium taxes

33,066

5,129

2,643

30,109

10,865

6,968

3,684

Net contract payments

$

130,865,516

$

20,299,499

$

10,459,450

$

119,159,458

$

42,999,322

$

27,575,099

$

14,581,468

Administrative and contingent

deferred sales charges

$

2,069,066

$

118,406

$

410,169

$

2,543,857

$

378,829

$

193,992

$

53,059

7. PURCHASES AND SALES OF INVESTMENTS

Notes To Financial Statements (Continued)

8. NET INCREASE (DECREASE) IN ACCUMULATION UNITS

For The Six Months Ended June 30, 1999	MML Equity Division	MML Money Market Division	MML Managed Bond Division	MML Blend Division	Oppenheimer Aggressive Growth Division	Oppenheimer Global Securities Division	Oppenheimer Strategic Bond Division

Units purchased	24,143,571	8,542,613	5,519,173	27,978,364	14,961,290	11,806,749	3,773,071
Units withdrawn and transferred to Guaranteed Principal Account	(35,425,422)	(7,454,151)	(5,131,367)	(42,784,444)	(14,636,676)	(12,801,044)	(4,270,094)
Units transferred between divisions	728,603	606,598	(180,676)	503,594	77,392	(1,011,708)	(3,242,569)
Units transferred to annuity reserves	(18,449)	-	(6,103)	(39,742)	(8,108)	(6,884)	-

Net increase (decrease)	(10,571,697)	1,695,060	201,027	(14,342,228)	393,898	(2,012,887)	(3,739,592)

Units, at beginning of the year	425,596,117	51,773,022	59,569,603	569,209,258	200,863,119	176,570,468	59,361,175

Units, at end of the period	415,024,420	53,468,082	59,770,630	554,867,031	201,257,017	174,557,581	55,621,583

For The Six Months Ended June 30, 1998	MML Equity Division	MML Money Market Division	MML Managed Bond Division	MML Blend Division	Oppenheimer Capital Appreciation Division	Oppenheimer Global Securities Division	Oppenheimer Strategic Bond Division




Units purchased	33,056,046	12,745,684	4,706,210	37,489,749	23,172,671	20,013,817	10,683,182
Units withdrawn and transferred to Guaranteed Principal Account	(20,466,718)	(4,952,591)	(2,648,268)	(32,677,072)	(8,500,460)	(7,266,543)	(3,000,728)
Units transferred between divisions	4,307,672	(8,274,014)	(116,216)	(1,937,047)	(444,016)	2,965,102	(582,622)
Units transferred to annuity reserves	(44,362)	-	-	(44,590)	(17,205)	-	-

Net increase (decrease)	16,852,638	(480,921)	1,941,726	2,831,040	14,210,990	15,712,376	7,099,832

Units, at beginning of the year	413,935,012	44,060,821	52,035,004	574,212,871	177,604,099	157,068,622	49,826,459

Units, at end of the period	430,787,650	43,579,900	53,976,730	577,043,911	191,815,089	172,780,998	56,926,291

9. CONSOLIDATED MASSACHUSETTS MUTUAL VARIABLE ANNUITY SEPARATE ACCOUNT 1

As discussed in Note 1, the financial statements only represent activity of the Flex Extra (Qualified) segment of the Massachusetts Mutual Variable Annuity Separate Account 1. The combined net assets as of June 30, 1999 for the Massachusetts Mutual Variable Annuity Separate Account 1, which includes the segments pertaining to the Variable Annuity Fund 4, Flex-Annuity IV (Qualified) and Flex Extra (Qualified) are as follows:

	MML Equit y Division	MML Money Market Division	MML Bond Division	MML Blend Division	Oppenheimer Aggressive Growth Division	Oppenheimer Global Securities Division	Oppenheimer Strategic Bond Division

Total assets	$2,025,728,397	$98,463,268	$145,645,712	$2,193,578,921	$462,742,883	$283,744,443	$74,524,128
Total liabilities	303,994	2,118	4,073	211,423	113,798	51,300	742

Net assets	$2,025,424,403	$98,461,150	$145,641,639	$2,193,367,498	$462,629,085	$283,693,143	$74,523,386

Net assets consist of:
Accumulation units--Value	$2,023,942,444	$98,390,528	$145,505,865	$2,190,770,269	$462,535,257	$83,650,436	$74,501,387
Annuity reserves	1,481,959	70,622	135,774	2,597,229	93,828	42,707	21,999

Net assets	$2,025,424,403	$98,461,150	$145,641,639	$2,193,367,498	$462,629,085	$283,693,143	$74,523,386

*Offered on the Flex Extra (Qualified) Contracts only.

			MML Equity Division	MML Money Market Division		MML Managed Bond Division		MML Blend Division		Oppenheimer Capital* Appreciation Division		Oppenheimer Global Securities Division		Oppenheimer Strategic Bond Division




Investment income
Dividends (Note 3B)		$	14,573	$	1,949,878		$2,057,762		$15,855,470	$	-	$	11,529,949	$	4,314,109
Expenses
	Mortality and expense risk fees and administrative expenses (Note 4)		11,623,256		567,205		886,759		12,372,864		2,673,574		1,701,914		495,975

Net investment income (loss) (Note 3C)			(11,608,683)		1,382,673		1,171,003		3,482,606		(2,673,574)		9,828,035		3,818,134

Net realized and unrealized
gain (loss) on investments
Net realized gain (loss) on investments
	(Notes 3B, 3C and 7)		50,274,743		-		(121,886)		33,874,668		7,471,444		4,126,206		186,130
	Change in net unrealized appreciation/ depreciation of investments		81,359,560		-		(4,643,863)		37,070,978		73,234,073		18,970,292		(4,396,491)

Net gain (loss) on investments			131,634,303		-		(4,765,749)		70,945,646		80,705,517		23,096,498		(4,210,361)

Net increase (decrease) in net assets
	resulting from operations		$120,025,620		$1,382,673		$(3,594,746)		$74,428,252		$78,031,943		$32,924,533		$(392,227)


For The Six Months Ended June 30, 1999	MML Equity Division		MML Money Market Division		MML Managed Bond Division		MML Blend Division		Oppenheimer Capital Appreciation Division		Oppenheimer Global Securities Division		Oppenheimer Strategic Bond Division





Cost of purchases	$	107,023,708	$	26,701,517	$	12,305,145	$	146,398,558	$	12,926,629	$	17,697,559	$	6,379,974
Proceeds from sales		85,964,189		21,729,477		8,613,669		85,620,265		16,618,658		11,973,818		7,815,807