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<PAGE>
<TABLE>
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX Hartford Hartford
STATEMENTS OF ASSETS AND LIABILITIES Hartford Capital Money
DECEMBER 31, 1998 Bond Appreciation Market
Fund Fund Fund
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments:
Hartford Bond HLS Fund, Inc. - Class IA
Shares 10,827
Cost $11,329
Market Value............................................ $ 11,700 - -
Hartford Capital Appreciation HLS Fund, Inc.- Class IA
Shares 2,972
Cost $13,082
Market Value............................................ - $ 14,145 -
Hartford Money Market HLS Fund, Inc. - Class IA
Shares 10,877
Cost $10,877
Market Value............................................ - - $ 10,877
Investments in Neuberger & Berman Advisers Management Trust:
Partners Portfolio
Shares 675
Cost $11,893
Market Value............................................ - - -
Balanced Portfolio
Shares 766
Cost $12,628
Market Value............................................ - - -
Limited Maturity Bond Portfolio
Shares 835
Cost $11,763
Market Value............................................ - - -
Investments in the Variable Insurance Products Fund:
VIP Equity-Income Portfolio
Shares 525
Cost $12,042
Market Value............................................ - - -
VIP High Income Portfolio
Shares 932
Cost $11,179
Market Value............................................ - - -
VIP II Asset Manager Portfolio
Shares 725
Cost $11,328
Market Value............................................ - - -
Receivable from Hartford Life Insurance Company............. - 4 -
----------- ----------- -----------
Total Assets................................................ 11,700 14,149 10,877
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. 4 - -
----------- ----------- -----------
Total Liabilities........................................... 4 - -
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 11,696 $ 14,149 $ 10,877
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,053 1,000
Unit price.................................................. $11.6966571 $13.4424818 $10.8769243
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY Neuberger
ICMG SECULAR TRUST SEPARATE ACCOUNT Neuberger Neuberger & Berman
OMNIFLEX & Berman & Berman AMT
STATEMENTS OF ASSETS AND LIABILITIES AMT AMT Limited
DECEMBER 31, 1998 Partners Balanced Maturity Bond
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments:
Hartford Bond HLS Fund, Inc. - Class IA
Shares 10,827
Cost $11,329
Market Value............................................ - - -
Hartford Capital Appreciation HLS Fund, Inc.- Class IA
Shares 2,972
Cost $13,082
Market Value............................................ - - -
Hartford Money Market HLS Fund, Inc. - Class IA
Shares 10,877
Cost $10,877
Market Value............................................ - - -
Investments in Neuberger & Berman Advisers Management Trust:
Partners Portfolio
Shares 675
Cost $11,893
Market Value............................................ $ 12,782 - -
Balanced Portfolio
Shares 766
Cost $12,628
Market Value............................................ - $ 12,515 -
Limited Maturity Bond Portfolio
Shares 835
Cost $11,763
Market Value............................................ - - $ 11,542
Investments in the Variable Insurance Products Fund:
VIP Equity-Income Portfolio
Shares 525
Cost $12,042
Market Value............................................ - - -
VIP High Income Portfolio
Shares 932
Cost $11,179
Market Value............................................ - - -
VIP II Asset Manager Portfolio
Shares 725
Cost $11,328
Market Value............................................ - - -
Receivable from Hartford Life Insurance Company............. 2 - -
----------- ----------- -----------
Total Assets................................................ 12,784 12,515 11,542
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. - 14 3
----------- ----------- -----------
Total Liabilities........................................... - 14 3
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 12,784 $ 12,501 $ 11,539
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,000 1,060
Unit price.................................................. $12.7841852 $12.5010772 $10.8851810
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX VIP VIP VIP II
STATEMENTS OF ASSETS AND LIABILITIES Equity- High Asset
DECEMBER 31, 1998 Income Income Manager
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments:
Hartford Bond HLS Fund, Inc. - Class IA
Shares 10,827
Cost $11,329
Market Value............................................ - - -
Hartford Capital Appreciation HLS Fund, Inc.- Class IA
Shares 2,972
Cost $13,082
Market Value............................................ - - -
Hartford Money Market HLS Fund, Inc. - Class IA
Shares 10,877
Cost $10,877
Market Value............................................ - - -
Investments in Neuberger & Berman Advisers Management Trust:
Partners Portfolio
Shares 675
Cost $11,893
Market Value............................................ - - -
Balanced Portfolio
Shares 766
Cost $12,628
Market Value............................................ - - -
Limited Maturity Bond Portfolio
Shares 835
Cost $11,763
Market Value............................................ - - -
Investments in the Variable Insurance Products Fund:
VIP Equity-Income Portfolio
Shares 525
Cost $12,042
Market Value............................................ $ 13,337 - -
VIP High Income Portfolio
Shares 932
Cost $11,179
Market Value............................................ - $ 10,742 -
VIP II Asset Manager Portfolio
Shares 725
Cost $11,328
Market Value............................................ - - $ 13,157
Receivable from Hartford Life Insurance Company............. - - -
----------- ----------- -----------
Total Assets................................................ 13,337 10,742 13,157
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. 15 - -
----------- ----------- -----------
Total Liabilities........................................... 15 - -
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 13,322 $ 10,742 $ 13,157
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,000 1,000
Unit price.................................................. $13.3224107 $10.7416721 $13.1568844
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT Alger
OMNIFLEX American Alger
STATEMENTS OF ASSETS AND LIABILITIES - ( CONTINUED ) Small American J.P. Morgan
DECEMBER 31, 1998 Capitalization Growth Bond
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments in the Alger American Fund:
American Small Capitalization Portfolio
Shares 297
Cost $11,853
Market Value............................................ $ 13,077 - -
American Growth Portfolio
Shares 327
Cost $12,172
Market Value............................................ - $ 17,427 -
Investments in the J.P. Morgan Series Trust II:
Bond Portfolio
Shares 915
Cost $10,412
Market Value............................................ - - $ 10,683
Equity Portfolio
Shares 785
Cost $11,190
Market Value............................................ - - -
Small Company Portfolio
Shares 830
Cost $10,370
Market Value............................................ - - -
International Opportunities Portfolio
Shares 990
Cost $10,531
Market Value............................................ - - -
Investments in the Morgan Stanley Universal Funds, Inc.:
Emerging Markets Equity Portfolio
Shares 1,141
Cost $10,083
Market Value............................................ - - -
Equity Growth Portfolio
Shares 783
Cost $10,026
Market Value............................................ - - -
Fixed Income Portfolio
Shares 997
Cost $10,456
Market Value............................................ - - -
Global Equity Portfolio
Shares 856
Cost $10,104
Market Value............................................ - - -
High Yield Portfolio
Shares 995
Cost $10,645
Market Value............................................ - - -
Value Portfolio
Shares 904
Cost $10,316
Market Value............................................ - - -
Receivable from Hartford Life Insurance Company............. - - -
----------- ----------- -----------
Total Assets................................................ 13,077 17,427 10,683
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. 14 19 11
----------- ----------- -----------
Total Liabilities........................................... 14 19 11
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 13,063 $ 17,408 $ 10,672
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,000 1,000
Unit price.................................................. $13.0627351 $17.4076837 $10.6720127
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX J.P. Morgan
STATEMENTS OF ASSETS AND LIABILITIES - ( CONTINUED ) J.P. Morgan J.P. Morgan International
DECEMBER 31, 1998 Equity Small Company Opportunities
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments in the Alger American Fund:
American Small Capitalization Portfolio
Shares 297
Cost $11,853
Market Value............................................ - - -
American Growth Portfolio
Shares 327
Cost $12,172
Market Value............................................ - - -
Investments in the J.P. Morgan Series Trust II:
Bond Portfolio
Shares 915
Cost $10,412
Market Value............................................ - - -
Equity Portfolio
Shares 785
Cost $11,190
Market Value............................................ $ 12,436 - -
Small Company Portfolio
Shares 830
Cost $10,370
Market Value............................................ - $ 9,848 -
International Opportunities Portfolio
Shares 990
Cost $10,531
Market Value............................................ - - $ 10,414
Investments in the Morgan Stanley Universal Funds, Inc.:
Emerging Markets Equity Portfolio
Shares 1,141
Cost $10,083
Market Value............................................ - - -
Equity Growth Portfolio
Shares 783
Cost $10,026
Market Value............................................ - - -
Fixed Income Portfolio
Shares 997
Cost $10,456
Market Value............................................ - - -
Global Equity Portfolio
Shares 856
Cost $10,104
Market Value............................................ - - -
High Yield Portfolio
Shares 995
Cost $10,645
Market Value............................................ - - -
Value Portfolio
Shares 904
Cost $10,316
Market Value............................................ - - -
Receivable from Hartford Life Insurance Company............. - - -
----------- ----------- -----------
Total Assets................................................ 12,436 9,848 10,414
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. 13 10 11
----------- ----------- -----------
Total Liabilities........................................... 13 10 11
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 12,423 $ 9,838 $ 10,403
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,000 1,000
Unit price.................................................. $12.4228997 $9.8376036 $10.4027321
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT Morgan Stanley
OMNIFLEX Emerging Morgan Stanley Morgan Stanley
STATEMENTS OF ASSETS AND LIABILITIES - ( CONTINUED ) Markets Equity Fixed
DECEMBER 31, 1998 Equity Growth Income
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments in the Alger American Fund:
American Small Capitalization Portfolio
Shares 297
Cost $11,853
Market Value............................................ - - -
American Growth Portfolio
Shares 327
Cost $12,172
Market Value............................................ - - -
Investments in the J.P. Morgan Series Trust II:
Bond Portfolio
Shares 915
Cost $10,412
Market Value............................................ - - -
Equity Portfolio
Shares 785
Cost $11,190
Market Value............................................ - - -
Small Company Portfolio
Shares 830
Cost $10,370
Market Value............................................ - - -
International Opportunities Portfolio
Shares 990
Cost $10,531
Market Value............................................ - - -
Investments in the Morgan Stanley Universal Funds, Inc.:
Emerging Markets Equity Portfolio
Shares 1,141
Cost $10,083
Market Value............................................ $ 8,116 - -
Equity Growth Portfolio
Shares 783
Cost $10,026
Market Value............................................ - $ 11,825 -
Fixed Income Portfolio
Shares 997
Cost $10,456
Market Value............................................ - - $ 10,667
Global Equity Portfolio
Shares 856
Cost $10,104
Market Value............................................ - - -
High Yield Portfolio
Shares 995
Cost $10,645
Market Value............................................ - - -
Value Portfolio
Shares 904
Cost $10,316
Market Value............................................ - - -
Receivable from Hartford Life Insurance Company............. - - -
----------- ----------- -----------
Total Assets................................................ 8,116 11,825 10,667
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. 84 12 12
----------- ----------- -----------
Total Liabilities........................................... 84 12 12
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 8,032 $ 11,813 $ 10,655
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,000 1,000
Unit price.................................................. $8.0317132 $11.8125905 $10.6551159
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX Morgan Stanley Morgan Stanley
STATEMENTS OF ASSETS AND LIABILITIES - ( CONTINUED ) Global High Morgan Stanley
DECEMBER 31, 1998 Equity Yield Value
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
ASSETS:
Investments in the Alger American Fund:
American Small Capitalization Portfolio
Shares 297
Cost $11,853
Market Value............................................ - - -
American Growth Portfolio
Shares 327
Cost $12,172
Market Value............................................ - - -
Investments in the J.P. Morgan Series Trust II:
Bond Portfolio
Shares 915
Cost $10,412
Market Value............................................ - - -
Equity Portfolio
Shares 785
Cost $11,190
Market Value............................................ - - -
Small Company Portfolio
Shares 830
Cost $10,370
Market Value............................................ - - -
International Opportunities Portfolio
Shares 990
Cost $10,531
Market Value............................................ - - -
Investments in the Morgan Stanley Universal Funds, Inc.:
Emerging Markets Equity Portfolio
Shares 1,141
Cost $10,083
Market Value............................................ - - -
Equity Growth Portfolio
Shares 783
Cost $10,026
Market Value............................................ - - -
Fixed Income Portfolio
Shares 997
Cost $10,456
Market Value............................................ - - -
Global Equity Portfolio
Shares 856
Cost $10,104
Market Value............................................ $ 11,245 - -
High Yield Portfolio
Shares 995
Cost $10,645
Market Value............................................ - $ 10,303 -
Value Portfolio
Shares 904
Cost $10,316
Market Value............................................ - - $ 10,046
Receivable from Hartford Life Insurance Company............. - - -
----------- ----------- -----------
Total Assets................................................ 11,245 10,303 10,046
----------- ----------- -----------
LIABILITIES:
Payable to Hartford Life Insurance Company.................. 12 11 10
----------- ----------- -----------
Total Liabilities........................................... 12 11 10
----------- ----------- -----------
Net Assets (Variable annuity contract liabilities)............ $ 11,233 $ 10,292 $ 10,036
----------- ----------- -----------
----------- ----------- -----------
VARIABLE ANNUITY POLICIES:
Units owned by participants................................. 1,000 1,000 1,000
Unit price.................................................. $11.2327995 $10.2922699 $10.0360092
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX Hartford Hartford
STATEMENTS OF OPERATIONS Hartford Capital Money
FOR THE YEAR ENDED DECEMBER 31, 1998 Bond Appreciation Market
Fund Fund Fund
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
INVESTMENT INCOME:
Dividends ........................................................ $ 563 $ 847 $ 550
EXPENSES:
Mortality and expense risk undertakings .......................... (74) (81) (69)
---------- --------------- ----------
Net investment income (loss) ................................... 489 766 481
---------- --------------- ----------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions .............. 8 12 -
Net unrealized appreciation (depreciation) of
investments during the period ................................ 319 1,007 -
---------- --------------- ----------
Net gain (loss) on investments ................................. 327 1,019 -
---------- --------------- ----------
Net increase (decrease) in net assets resulting from operations. $ 816 $ 1,785 $ 481
---------- --------------- ----------
---------- --------------- ----------
<CAPTION>
Neuberger
Neuberger Neuberger & Berman
& Berman & Berman AMT
AMT AMT Limited
Partners Balanced Maturity Bond
Portfolio Portfolio Portfolio
Division Division Division
<S> <C> <C> <C>
INVESTMENT INCOME:
Dividends ........................................................ $ 1,567 $ 2,135 $ 665
EXPENSES:
Mortality and expense risk undertakings .......................... (82) (76) (72)
------------- ------------- ----------------
Net investment income (loss) ................................... 1,485 2,059 593
------------- ------------- ----------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions .............. 3 (21) (4)
Net unrealized appreciation (depreciation) of
investments during the period ................................ (1,057) (758) (191)
------------- ------------- ----------------
Net gain (loss) on investments ................................. (1,054) (779) (195)
------------- ------------- ----------------
Net increase (decrease) in net assets resulting from operations. $ 431 $ 1,280 $ 398
------------- ------------- ----------------
------------- ------------- ----------------
<CAPTION>
VIP VIP VIP II
Equity- High Asset
Income Income Manager
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
INVESTMENT INCOME:
Dividends ........................................................ $ 771 $ 1,314 $ 1,465
EXPENSES:
Mortality and expense risk undertakings .......................... (83) (74) (80)
----------- ---------- ----------
Net investment income (loss) ................................... 688 1,240 1,385
----------- ---------- ----------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions .............. 1,633 (13) 11
Net unrealized appreciation (depreciation) of
investments during the period ................................ (784) (1,801) 254
----------- ---------- ----------
Net gain (loss) on investments ................................. 849 (1,814) 265
----------- ---------- ----------
Net increase (decrease) in net assets resulting from operations. $ 1,537 $ (574) $ 1,650
----------- ---------- ----------
----------- ---------- ----------
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT Alger
OMNIFLEX American Alger
STATEMENTS OF OPERATIONS - ( CONTINUED ) Small American J.P. Morgan
FOR THE YEAR ENDED DECEMBER 31, 1998 Capitalization Growth Bond
Portfolio Portfolio Portfolio
Division Division Division*
-------- -------- ---------
<S> <C> <C> <C>
INVESTMENT INCOME:
Dividends .................................................................. $ 1,584 $ 2,212 $ 459
EXPENSES:
Mortality and expense risk undertakings .................................... (77) (92) (61)
--------------- -------------- --------------
Net investment income (loss) ............................................. 1,507 2,120 398
--------------- -------------- --------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions ........................ (3) 20 3
Net unrealized appreciation (depreciation) of
investments during the period .......................................... 171 3,455 271
--------------- -------------- --------------
Net gain (loss) on investments ........................................... 168 3,475 274
--------------- -------------- --------------
Net increase (decrease) in net assets resulting from operations .......... $ 1,675 $ 5,595 $ 672
--------------- -------------- --------------
--------------- -------------- --------------
<CAPTION>
J.P. Morgan J.P. Morgan
Equity Small Company
Portfolio Portfolio
Division* Division*
--------- ---------
<S> <C> <C>
INVESTMENT INCOME:
Dividends .................................................................. $ 1,238 $ 418
EXPENSES:
Mortality and expense risk undertakings .................................... (66) (60)
-------------- ------------------
Net investment income (loss) ............................................. 1,172 358
-------------- ------------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions ........................ 5 (6)
Net unrealized appreciation (depreciation) of
investments during the period .......................................... 1,246 (522)
-------------- ------------------
Net gain (loss) on investments ........................................... 1,251 (528)
-------------- ------------------
Net increase (decrease) in net assets resulting from operations .......... $ 2,423 $ (170)
-------------- ------------------
-------------- ------------------
<CAPTION>
Morgan Stanley
J.P. Morgan Emerging
International Markets
Opportunities Equity
Portfolio Portfolio
Division* Division*
--------- ---------
<S> <C> <C>
INVESTMENT INCOME:
Dividends .................................................................. $ 581 $ 46
EXPENSES:
Mortality and expense risk undertakings .................................... (61) (53)
------------- --------------
Net investment income (loss) ............................................. 520 (7)
------------- --------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions ........................ (3) -
Net unrealized appreciation (depreciation) of
investments during the period .......................................... (117) (1,967)
------------- --------------
Net gain (loss) on investments ........................................... (120) (1,967)
------------- --------------
Net increase (decrease) in net assets resulting from operations .......... $ 400 $ (1,974)
------------- --------------
------------- --------------
<CAPTION>
Morgan Stanley Morgan Stanley
Equity Fixed
Growth Income
Portfolio Portfolio
Division* Division*
--------- ---------
<S> <C> <C>
INVESTMENT INCOME:
Dividends .................................................................. $ 74 $ 504
EXPENSES:
Mortality and expense risk undertakings .................................... (64) (60)
------------------- ------------------
Net investment income (loss) ............................................. 10 444
------------------- ------------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions ........................ 2 2
Net unrealized appreciation (depreciation) of
investments during the period .......................................... 1,799 210
------------------- ------------------
Net gain (loss) on investments ........................................... 1,801 212
------------------- ------------------
Net increase (decrease) in net assets resulting from operations .......... $ 1,811 $ 656
------------------- ------------------
------------------- ------------------
<CAPTION>
Morgan Stanley Morgan Stanley
Global High
Equity Yield
Portfolio Portfolio
Division* Division*
--------- ---------
<S> <C> <C>
INVESTMENT INCOME:
Dividends .................................................................. $ 152 $ 693
EXPENSES:
Mortality and expense risk undertakings .................................... (63) (59)
-------------------- ------------
Net investment income (loss) ............................................. 89 634
-------------------- ------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions ........................ 3 (1)
Net unrealized appreciation (depreciation) of
investments during the period .......................................... 1,141 (341)
-------------------- ------------
Net gain (loss) on investments ........................................... 1,144 (342)
-------------------- ------------
Net increase (decrease) in net assets resulting from operations .......... $ 1,233 $ 292
-------------------- ------------
-------------------- ------------
<CAPTION>
Morgan Stanley
Value
Portfolio
Division*
---------
<S> <C>
INVESTMENT INCOME:
Dividends .................................................................. $ 364
EXPENSES:
Mortality and expense risk undertakings .................................... (61)
---------------------
Net investment income (loss) ............................................. 303
---------------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) on investment transactions ........................ (1)
Net unrealized appreciation (depreciation) of
investments during the period .......................................... (270)
---------------------
Net gain (loss) on investments ........................................... (271)
---------------------
Net increase (decrease) in net assets resulting from operations .......... $ 32
---------------------
---------------------
</TABLE>
* From inception, January 27, 1998, to December 31, 1998.
The accompanying notes are an integral part of these financial statements.
Page 1
<PAGE>
<TABLE>
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX Neuberger
STATEMENTS OF CHANGES IN NET ASSETS Hartford Hartford & Berman
FOR THE YEAR ENDED DECEMBER 31, 1998 Hartford Capital Money AMT
Bond Appreciation Market Partners
Fund Fund Fund Portfolio
Division Division Division Division
-------- -------- -------- --------
<S> <C> <C> <C> <C>
OPERATIONS:
Net investment income (loss)........................................ $ 489 $ 766 $ 481 $ 1,485
Net realized gain (loss) on investment transactions................. 8 12 - 3
Net unrealized appreciation (depreciation) of
investments during the period................................... 319 1,007 - (1,057)
----------- ---------- ---------- -----------
Net increase ( decrease ) in net assets resulting from operations. 816 1,785 481 431
----------- ---------- ---------- -----------
UNIT TRANSACTIONS:
Premiums.......................................................... - 648 - -
Other activity.................................................... (6) (1) (2) 5
----------- ---------- ---------- -----------
Net increase (decrease) in net assets resulting from unit transactions (6) 647 (2) 5
----------- ---------- ---------- -----------
Total increase (decrease) in net assets........................... 810 2,432 479 436
NET ASSETS:
Beginning of period............................................... 10,886 ** 11,717 ** 10,398 ** 12,348 **
----------- ---------- ---------- -----------
End of period..................................................... $ 11,696 $ 14,149 $ 10,877 $ 12,784
----------- ---------- ---------- -----------
----------- ---------- ---------- -----------
<CAPTION>
Neuberger
Neuberger & Berman
& Berman AMT VIP
AMT Limited Equity-
Balanced Maturity Bond Income
Portfolio Portfolio Portfolio
Division Division Division
-------- -------- --------
<S> <C> <C> <C>
OPERATIONS:
Net investment income (loss)........................................ $ 2,059 $ 593 $ 688
Net realized gain (loss) on investment transactions................. (21) (4) 1,633
Net unrealized appreciation (depreciation) of
investments during the period................................... (758) (191) (784)
----------- ------------ ----------
Net increase ( decrease ) in net assets resulting from operations. 1,280 398 1,537
----------- ------------ ----------
UNIT TRANSACTIONS:
Premiums.......................................................... - 648 -
Other activity.................................................... 4 (2) (228)
----------- ------------ ----------
Net increase (decrease) in net assets resulting from unit transactions 4 646 (228)
----------- ------------ ----------
Total increase (decrease) in net assets........................... 1,284 1,044 1,309
NET ASSETS:
Beginning of period............................................... 11,217 ** 10,495 ** 12,013 **
----------- ------------ ----------
End of period..................................................... $ 12,501 $ 11,539 $ 13,322
----------- ------------ ----------
----------- ------------ ----------
<CAPTION>
VIP VIP II
High Asset
Income Manager
Portfolio Portfolio
Division Division
-------- --------
<S> <C> <C>
OPERATIONS:
Net investment income (loss)........................................ $ 1,240 $ 1,385
Net realized gain (loss) on investment transactions................. (13) 11
Net unrealized appreciation (depreciation) of
investments during the period................................... (1,801) 254
---------- ----------
Net increase ( decrease ) in net assets resulting from operations. (574) 1,650
---------- ----------
UNIT TRANSACTIONS:
Premiums.......................................................... - -
Other activity.................................................... 15 (3)
---------- ----------
Net increase (decrease) in net assets resulting from unit transactions 15 (3)
---------- ----------
Total increase (decrease) in net assets........................... (559) 1,647
NET ASSETS:
Beginning of period............................................... 11,301 ** 11,510 **
---------- ----------
End of period..................................................... $ 10,742 $ 13,157
---------- ----------
---------- ----------
</TABLE>
** The balance at December 31,1997 represents seed money deposited by
Hartford Life Insurance Company.
The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>
HARTFORD LIFE INSURANCE COMPANY
ICMG SECULAR TRUST SEPARATE ACCOUNT
OMNIFLEX Alger
STATEMENTS OF CHANGES IN NET ASSETS - ( CONTINUED ) American Alger
FOR THE YEAR ENDED DECEMBER 31, 1998 Small American J.P. Morgan
Capitalization Growth Bond
Portfolio Portfolio Portfolio
Division Division Division*
-------- -------- ---------
<S> <C> <C> <C>
OPERATIONS:
Net investment income (loss)............................................ $ 1,507 $ 2,120 $ 398
Net realized gain (loss) on investment transactions..................... (3) 20 3
Net unrealized appreciation (depreciation) of
investments during the period....................................... 171 3,455 271
-------------- ----------- ----------
Net increase ( decrease ) in net assets resulting from operations..... 1,675 5,595 672
-------------- ----------- ----------
UNIT TRANSACTIONS:
Premiums.............................................................. - - 10,000
Other activity........................................................ 7 (20) -
-------------- ----------- ----------
Net increase (decrease) in net assets resulting from unit transactions 7 (20) 10,000
-------------- ----------- ----------
Total increase (decrease) in net assets............................... 1,682 5,575 10,672
NET ASSETS:
Beginning of period................................................... ** 11,381 ** 11,833 ** -
-------------- ----------- ----------
End of period......................................................... $ 13,063 $ 17,408 $ 10,672
-------------- ----------- ----------
-------------- ----------- ----------
<CAPTION>
J.P. Morgan
J.P. Morgan J.P. Morgan International
Equity Small Company Opportunities
Portfolio Portfolio Portfolio
Division* Division* Division*
--------- --------- ---------
<S> <C> <C> <C>
OPERATIONS:
Net investment income (loss)............................................ $ 1,172 $ 358 $ 520
Net realized gain (loss) on investment transactions..................... 5 (6) (3)
Net unrealized appreciation (depreciation) of
investments during the period....................................... 1,246 (522) (117)
------------ ----------- -----------
Net increase ( decrease ) in net assets resulting from operations..... 2,423 (170) 400
------------ ----------- -----------
UNIT TRANSACTIONS:
Premiums.............................................................. 10,000 10,000 10,000
Other activity........................................................ - 8 3
------------ ----------- -----------
Net increase (decrease) in net assets resulting from unit transactions 10,000 10,008 10,003
------------ ----------- -----------
Total increase (decrease) in net assets............................... 12,423 9,838 10,403
NET ASSETS:
Beginning of period................................................... - - -
------------ ----------- -----------
End of period......................................................... $ 12,423 $ 9,838 $ 10,403
------------ ----------- -----------
------------ ----------- -----------
<CAPTION>
Morgan Stanley
Emerging Morgan Stanley Morgan Stanley
Markets Equity Fixed
Equity Growth Income
Portfolio Portfolio Portfolio
Division* Division* Division*
--------- --------- ---------
<S> <C> <C> <C>
OPERATIONS:
Net investment income (loss)............................................ $ (7) $ 10 $ 444
Net realized gain (loss) on investment transactions..................... - 2 2
Net unrealized appreciation (depreciation) of
investments during the period....................................... (1,967) 1,799 210
--------- ----------- -----------
Net increase ( decrease ) in net assets resulting from operations..... (1,974) 1,811 656
--------- ----------- -----------
UNIT TRANSACTIONS:
Premiums.............................................................. 10,000 10,000 10,000
Other activity........................................................ 6 2 (1)
--------- ----------- -----------
Net increase (decrease) in net assets resulting from unit transactions 10,006 10,002 9,999
--------- ----------- -----------
Total increase (decrease) in net assets............................... 8,032 11,813 10,655
NET ASSETS:
Beginning of period................................................... - - -
--------- ----------- -----------
End of period......................................................... $ 8,032 $ 11,813 $ 10,655
--------- ----------- -----------
--------- ----------- -----------
<CAPTION>
Morgan Stanley Morgan Stanley
Global High Morgan Stanley
Equity Yield Value
Portfolio Portfolio Portfolio
Division* Division* Division*
--------- --------- ---------
<S> <C> <C> <C>
OPERATIONS:
Net investment income (loss)............................................ $ 89 $ 634 $ 303
Net realized gain (loss) on investment transactions..................... 3 (1) (1)
Net unrealized appreciation (depreciation) of
investments during the period....................................... 1,141 (341) (270)
----------- ---------- ---------------
Net increase ( decrease ) in net assets resulting from operations..... 1,233 292 32
----------- ---------- ---------------
UNIT TRANSACTIONS:
Premiums.............................................................. 10,000 10,000 10,000
Other activity........................................................ - - 4
----------- ---------- ---------------
Net increase (decrease) in net assets resulting from unit transactions 10,000 10,000 10,004
----------- ---------- ---------------
Total increase (decrease) in net assets............................... 11,233 10,292 10,036
NET ASSETS:
Beginning of period................................................... - - -
----------- ---------- ---------------
End of period......................................................... $ 11,233 $ 10,292 $ 10,036
----------- ---------- ---------------
----------- ---------- ---------------
</TABLE>
* From inception, January 27, 1998, to December 31, 1998
** The balance at December 31,1997 represents seed money deposited by
Hartford Life Insurance Company.
The accompanying notes are an integral part of these financial statements.
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