<PAGE>
As filed with the Securities and Exchange Commission on April 28, 1996
FILE NO. 33-7734
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 13
TO
FORM S-6
FOR REGISTRATION UNDER THE SECURITIES ACT
OF 1933 OF SECURITIES OF UNIT INVESTMENT
TRUSTS REGISTERED ON FORM N-8B-2
---------------
A. Exact name of trust:
CHUBB SEPARATE ACCOUNT A
(FORMERLY THE CHUBB/VOLUNTEER SEPARATE ACCOUNT A)
B. Name of depositor:
CHUBB LIFE INSURANCE COMPANY OF AMERICA
(FORMERLY THE VOLUNTEER STATE LIFE INSURANCE COMPANY)
C. Complete address of depositor's principal executive offices:
One Granite Place
Concord, NH 03301
D. Name and complete address of agent for service:
Ronald R. Angarella
President
Chubb Securities Corporation
One Granite Place
Concord, NH 03301
Copies to:
Charlene Grant, Esq. Joan E. Boros, Esq.
Chubb Life Insurance Company of America Katten Muchin & Zavis
One Granite Place 1025 Thomas Jefferson Street, N.W.
Concord, NH 03301 East Lobby, Suite 700
Washington, D.C. 20007
---------------
It is proposed that this filing will become effective (check appropriate
box)
[_] immediately upon filing pursuant to paragraph (b)
[X] on May 1, 1997 pursuant to paragraph (b)
[_] 60 days after filing pursuant to paragraph (a)(i)
[_] on (date) pursuant to paragraph (a)(i) of rule (485)
[_] this post-effective amendment designates a new effective date for
a previously filed post-effective amendment.
E. Title and amount of Securities being registered:
Units of Interest in the Separate Account Under Individual Flexible
Premium Variable Life Insurance Policies.
F. Proposed maximum aggregate offering prices to the public of the securities
being registered:
Registration of Indefinite Amount of Securities under the Securities
Act of 1933 pursuant to Rule 24f-2 under the Investment Company Act
of 1940.
G. Amount of filing Fee:
An indefinite amount of the Registrant's securities has been
registered pursuant to a declaration, under Rule 24f-2 under the
Investment Company Act of 1940, set out in the Form S-6 Registration
Statement contained in File No. 2-94478. Registrant filed a Rule 24f-2
Notice for the fiscal year ending December 31, 1996 on February 27,
1997.
H. Approximate date of proposed public offering:
As soon as practicable after the effective date.
Registrant elects to be governed by Rule 6e-3(T)(b)(13)(i)(A) under the
Investment Company Act of 1940, with respect to the policy described in the
Prospectus.
================================================================================
<PAGE>
PART II
UNDERTAKING TO FILE REPORTS
Subject to the terms and conditions of Section 15(d) of the Securities
Exchange Act of 1934, the undersigned registrant hereby undertakes to file with
the Securities and Exchange Commission such supplementary and periodic
information, documents, and reports as may be prescribed by any rule or
regulation of the Commission heretofore, or hereafter duly adopted pursuant to
authority conferred in that section.
UNDERTAKINGS REGARDING INDEMNIFICATION
Insofar as indemnification for liability arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of the
registrant, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy
as expressed in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer of controlling person
in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
REPRESENTATIONS REGARDING FEES AND CHARGES
The fees and charges deducted under the contract, in the aggregate, are
reasonable in relation to the services rendered, the expenses expected to be
incurred and the risks assumed by Chubb Life Insurance Company of America.
CONTENTS OF REGISTRATION STATEMENT
This Registration Statement comprises the following papers and documents:
The cover sheet.
The Prospectus consisting of 74 pages.
The undertaking to file reports.
The undertaking pursuant to Rule 484(b) (1) under the Securities
Act of 1933.
The Representations Regarding Fees and Charges.
The signatures.
Written consents of the following persons:
(a) Michael J. LeBoeuf, FSA, MAAA, contained in Exhibit 6 below.
(b) Ernst & Young LLP, contained in Exhibit 7 below.
The following exhibits:
1. The following exhibits correspond to those required by paragraph A of the
instructions as to exhibits in Form N-8B-2:
(a) Certified copy of Resolution of Board of Directors of The Volunteer
State Life Insurance Company, adopted at a meeting held on August 20, 1984 (in
lieu of indenture or trust creating unit investment trust) (Incorporated by
reference to Exhibit 1(a) of Post-Effective Amendment No. 12 to the
Registration Statement on Form S-6 dated April 17, 1996).
(b) Not applicable
(c) (i) Underwriting Agreement between The Volunteer State Life Insurance
Company and Chubb Securities Corporation. (Incorporated by reference to
Exhibit 1(c)(i) of Post-Effective Amendment No. 12 to the Registration
Statement on Form S-6 dated April 17, 1996).
(ii) Amendment to Underwriting Agreement between The Volunteer State
Life Insurance Company and Chubb Securities Corporation. (Incorporated by
reference to Exhibit 1(c)(ii) of Post-Effective Amendment No. 12 to the
Registration Statement on Form S-6 dated April 17, 1996).
(iii) Specimen District Manager's Agreement of Chubb Securities
Corporation. (Incorporated by reference to Exhibit 1(c)(iii) of Post-
Effective Amendment No. 12 to the Registration Statement on Form S-6 dated
April 17, 1996).
(iv) Specimen Sales Representative's Agreement of Chubb Securities
Corporation. (Incorporated by reference to Exhibit 1(c)(iv) of Post-
Effective Amendment No. 12 to the Registration Statement on Form S-6 dated
April 17, 1996).
(v) Schedule of Commissions. (Incorporated by reference to Exhibit
1(c)(v) of Post-Effective Amendment No. 12 to the Registration Statement on
Form S-6 dated April 17, 1996).
(d) Not applicable
(e) Specimen Policy with form of riders. 1,2,3,6,7. (Incorporated by
reference to Exhibit 1(e) of Post-Effective Amendment No. 12 to the Registration
Statement on Form S-6 dated April 17, 1996).
(f) (i) Amended and Restated Charter (with all amendments) of Chubb Life
Insurance Company of America. Incorporated by Reference to Exhibit 1(f) (i) of
Post-Effective Amendment No. 2 on
<PAGE>
Form S-6 of Chubb Separate Account C, to the Registration Statement filed
December 10, 1993, File No. 33-72830.
(ii) By-Laws of Chubb Life Insurance Company of America.
Incorporated by Reference to Exhibit 1(f) (ii) of Post-Effective
Amendment No. 2 on Form S-6 of Chubb Separate Account C, to the
Registration Statement filed December 10, 1993, File No. 33-
72830.
(g) Not applicable.
(h) (i) Fund Distribution Agreement between Chubb America Fund,
Inc., and Chubb Securities Corporation (incorporated by reference
to Exhibit 6(b) of Post-Effective Amendment No. 7 to Form N-lA of
Chubb America Fund Inc., filed on April 11, 1990, Registration
No. 2-94479).
(ii) Amendment to Fund Distribution Agreement between Chubb America
Fund, Inc. and Chubb Securities Corporation (incorporated by reference to
Exhibit 6(a) of Post-Effective Amendment No. 7 to Form N-lA of Chubb America
Fund, Inc., filed on April 11, 1990, Registration No. 2-94479).
(iii) Amended and Restated Investment Management Agreement between Chubb
America Fund, Inc., and Chubb Investment Advisory Corporation (incorporated by
reference to Exhibit 5(a) of Post-Effective Amendment No. 7 to Form N-lA of
Chubb America fund, Inc., filed on April 11, 1990, Registration No. 2-94479).
(iv) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Templeton,
Galbraith & Hansberger Ltd. (incorporated by reference to Exhibit 5(e) of Post-
Effective Amendment No. 11 to Form N-lA of Chubb America Fund, Inc., filed April
14, 1993, Registration No. 2-94479).
(vii) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Van Eck Associates
Corporation (incorporated by reference to Exhibit 5(f) of Post-Effective
Amendment No. 7 to Form N-lA of Chubb America Fund, Inc., filed on April 11,
1990, Registration No. 2-94479).
(viii) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Chubb Asset
Managers, inc. (incorporated by reference to Exhibit 5(e) of Post-Effective
Amendment No. 7 to Form N-lA of Chubb America Fund, Inc., filed on April 11,
1990, Registration No. 2-94479).
(ix) Sub-Investment Management Agreement among Chubb America Fund,
Inc., Chubb Investment Advisory Corporation and Pioneering Management
Corporation (incorporated by reference to Exhibit 5(g) of Post-Effective
Amendment No. 7 of Form N-lA of Chubb America
<PAGE>
Fund, Inc., filed on April 11, 1990, Registration No. 2-94479).
(x) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Chubb Asset
Managers, Inc. (incorporated by reference to Exhibit 5(h) of Post-Effective
Amendment No. 9 to Form N-lA of Chubb America, Inc., filed February 28, 1992,
Registration No. 2-94479).
(xi) Custodian Agreement between Chubb America Fund, Inc., and
Citibank, N.A. (incorporated by reference to Exhibit 8 of Post-Effective
Amendment No. 8 to Form N-lA of Chubb America Fund, Inc., filed on February 21,
1991, Registration No. 2-94479).
(xii) Amendment to the Custodial Services Agreement between Chubb
America Fund, Inc., and Citibank, N.A. (incorporated by reference to Exhibit
8(b) of Post-Effective Amendment No. 11 to Form N-lA of Chubb America Fund, Inc.
filed on April 14, 1993, Registration No. 2-94479).
(xiii) Amendment No. 2 to Custodial Services Agreement between Chubb
America Fund, Inc. and Citibank, N.A. (incorporated by reference to Exhibit 8(c)
of Post-Effective Amendment No. 11 of Form N-lA of Chubb America Fund, Inc.
filed on April 14, 1993, Registration No. 2-94479).
(xiv) Investment Management Agreement between Chubb America Fund, Inc.
and Chubb Investment Advisory Corporation for the Growth and Income Portfolio
(incorporated by reference to Exhibit 5(i) of Post-Effective Amendment No. 9 of
Form N-lA of Chubb America Fund, Inc. filed on February 28, 1992, Registration
No. 2-94479).
(xv) Investment Management Agreement between Chubb America Fund, Inc.
and Chubb Investment Advisory Corporation for the Capital Growth Portfolio
(incorporated by reference to Exhibit 5(j) of Post-Effective Amendment No. 9 to
Form N-lA of Chubb America Fund, Inc. filed on February 28, 1992, Registration
No. 2-94479).
(xvii) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Chubb Asset
Managers, Inc. (incorporated by reference to Exhibit 5(1) of Post-Effective
Amendment No. 11 to Form N-lA of Chubb America Fund, Inc. filed on April 14,
1993, Registration No. 2-94479).
(xviii) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Janus Capital
Corporation (incorporated by reference to Exhibit 5(m) of Post-Effective
Amendment No. 11 to Form N-lA of Chubb America Fund, Inc. filed on April 14,
1993, Registration No. 2-94479).
<PAGE>
(xix) Sub-Investment Management Agreement by, between and among Chubb
America Fund, Inc., Chubb Investment Advisory Corporation and Phoenix Investment
Counsel, Inc. (incorporated by reference to Exhibit 5(n) of Post-Amendment No.
11 to Form N-lA of Chubb America Fund, inc. filed on April 14, 1993,
Registration No. 2-94479).
(xx) Form of Investment Management Agreement between Chubb America
Fund, Inc. and Chubb Investment advisory Corporation with respect to the
Emerging Growth Portfolio (incorporated by reference to Exhibit 5(p) of Post-
Effective Amendment No. 12 to Form of Chubb America Fund, Inc. filed on February
14, 1995, Registration No. 2-94479).
(xx) Form of Investment Management Agreement between Chubb America
Fund, Inc. and Chubb Investment Advisory Corporation with respect to the
Emerging Growth Portfolio (incorporated by reference to Exhibit 5(p) of Post-
Effective Amendment No. 12 to Form 12 to Form N-lA of Chubb America Fund, Inc.
filed on February 14, 1995, Registration No. 2-94479).
(xxi) Form of Sub-Investment Management Agreement between Chubb America
Fund, Inc., Chubb Investment Advisory Corporation and Massachusetts Financial
Services Company with respect to the Emerging Growth Portfolio (incorporated by
reference to Exhibit 5(q) of Post-Effective Amendment No. 12 to Form N-lA of
Chubb America Fund, Inc., filed on February 14, 1995, Registration No. 2-94479).
(i) Not Applicable.
(j) Application.
2. Specimen Policy. (Same as 1(e)).
3. Opinion of counsel.
4. Not Applicable.
5 Not Applicable.
6. Actuarial opinion and consent of Michael J. LeBoeuf, FSA, MAAA.
7. Consent of Ernst & Young LLP.
8. Procedures Memorandum, as amended, pursuant to Rule 6e-
3(T) (b) (12) (iii) under the 1940 Act.
9. Specimen Notice of Right of Withdrawal, pursuant to Rule
6e3 (T) (b) (13) (viii). (Incorporated by reference to Exhibit 9 of
Post-Effective Amendment No. 12 to the Registration Statement on Form S-6
dated April 17, 1996).
<PAGE>
10. Representations, description and undertakings regarding mortality and
expense risk charge, pursuant to Rule 6e-3(T) (b) (13) (iii) (F).
11. (a) Not Applicable.
(b) Not Applicable.
12. (Incorporated by reference to Exhibit 12 of Post-Effective Amendment No. 2
to the Registration Statement on Form S-6 of Chubb Separate Account C, filed
December 10, 1993, File No. 33-72830).
13. (Incorporated by reference to Exhibit 13 of Post- Effective
Amendment No. 2 to the Registration Statement on Form S-6 of
Chubb Separate Account C, filed December 10, 1993, File No.
33-72830).
14. Powers of Attorney.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant,
Chubb Separate Account A certifies that it meets the requirements of Securities
Act Rule 485(b) for effectiveness of this Post-Effective Amendment No. 13 to the
Registration Statement and, has duly caused this Post-Effective Amendment No. 13
to the Registration Statement to be signed on its behalf by the undersigned
thereunto duly authorized, and its seal to be hereunto affixed and attested, all
in Concord, New Hampshire on the 12th day of April, 1997.
(SEAL) CHUBB SEPARATE ACCOUNT A
(Registrant)
CHUBB LIFE INSURANCE COMPANY OF
AMERICA (Depositor)
/s/ Frederick H. Condon
By:_______________________________
Frederick H. Condon
Title: Senior Vice President,
General Counsel and Secretary
-----------------------------
ATTEST:
/s/ Charles C. Cornelio
- ---------------------------
Charles C. Cornelio
Assistant Secretary
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Chubb Life
Insurance Company of America certifies that it meets the requirements of the
Securities Act Rule 485(b) for effectiveness of this Post-Effective Amendment
No. 13 to the Registration Statement and has duly caused this Post-Effective
Amendment No. 13 to the Registration Statement to be signed on its behalf by the
undersigned thereunto duly authorized, and its seal to be hereunto affixed and
attested, all in Concord, New Hampshire on the 12th day of April, 1997.
[SEAL APPEARS HERE] CHUBB LIFE INSURANCE COMPANY OF AMERICA
By: /s/ Frederick H. Condon
----------------------------
Frederick H. Condon
Title: Senior Vice President
General Counsel and Secretary
-----------------------------
ATTEST:
/s/ Charles C. Cornelio
- --------------------------
Charles C. Cornelio
Assistant Secretary
Pursuant to the requirements of the Securities Act of 1933, this amendment
to the Registration Statement has been signed below by the following persons in
the capacities and on the date indicated.
Signatures Title
---------- -----
*
- ------------------------------------ Director
John C. Beck
*
- ------------------------------------ Director
James I. Cash
*
- ------------------------------------ Director, Vice Chairman
Percy Chubb, III
*
- ------------------------------------ Director
Joel J. Cohen
<PAGE>
Signatures Title
---------- -----
*
- ------------------------------------ Director
David H. Hoag
*
- ------------------------------------ Director
Robert V. Lindsay
*
- ------------------------------------ Director
Thomas C. MacAvoy
*
- ------------------------------------ Director
Gertrude G. Michelson
*
- ------------------------------------ Director, Chairman
Dean R. O'Hare
*
- ------------------------------------ Director
Warren B. Rudman
*
- ------------------------------------ Director
Sir David G. Scholey, COE
*
- ------------------------------------ Director
Raymond G.H. Seitz
*
- ------------------------------------ Vice President and
Russell C. Simpson Treasurer
*
- ------------------------------------ Director
Lawrence M. Small
*
- ------------------------------------ President and Chief
Theresa M. Stone Executive Officer
*
- ------------------------------------ Executive Vice President and
Richard V. Werner Chief Financial Officer
<PAGE>
Signatures Title
---------- -----
- -------------------------------- Director
Richard D. Wood
By: /s/ Frederick H. Condon
-------------------------------
Frederick H. Condon, Attorney-
in-Fact, executed on the 12th
day of April, 1997, pursuant to
Powers of Attorney filed as
Exhibit 14 hereto.
<PAGE>
EXHIBIT INDEX
3. Opinion of Counsel..................................
6. Actuarial Opinion and Consent of
Michael J. Leboeuf, FSA, MAAA........................
7. Consent of Ernst & Young LLP
Independent Auditors................................
8. Procedures Memorandum, as amended May 1, 1997......
10. Representations, Description and Undertakings
Regarding Mortality and Risk Charge Pursuant
to Rule 6e-3(T)(b)(13)(iii)(F)......................
14. Powers of Attorney
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<NAME> WORLD GROWTH STOCK DIVISION
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,458,017
<SHARES-COMMON-STOCK> 1,890,101
<SHARES-COMMON-PRIOR> 1,698,061
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,579,272
<NET-ASSETS> 70,037,289
<DIVIDEND-INCOME> 8,810,130
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 578,387
<NET-INVESTMENT-INCOME> 8,231,743
<REALIZED-GAINS-CURRENT> 821,643
<APPREC-INCREASE-CURRENT> (390,637)
<NET-CHANGE-FROM-OPS> 8,662,749
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 938,273
<NUMBER-OF-SHARES-REDEEMED> 746,233
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15,513,420
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 62,280,579
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> BOND DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 11,923,217
<INVESTMENTS-AT-VALUE> 11,717,963
<RECEIVABLES> 627,194
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,344,887
<PAYABLE-FOR-SECURITIES> 44,727
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 44,727
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,595,138
<SHARES-COMMON-STOCK> 642,703
<SHARES-COMMON-PRIOR> 520,242
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (205,524)
<NET-ASSETS> 12,389,614
<DIVIDEND-INCOME> 669,587
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 97,066
<NET-INVESTMENT-INCOME> 572,521
<REALIZED-GAINS-CURRENT> 37,510
<APPREC-INCREASE-CURRENT> (364,875)
<NET-CHANGE-FROM-OPS> 245,156
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 551,744
<NUMBER-OF-SHARES-REDEEMED> 429,283
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,513,788
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 11,132,720
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> GROWTH AND INCOME DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 19,472,547
<INVESTMENTS-AT-VALUE> 23,299,173
<RECEIVABLES> 1,074,225
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24,373,398
<PAYABLE-FOR-SECURITIES> 13,843
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 13,843
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,560,615
<SHARES-COMMON-STOCK> 1,264,705
<SHARES-COMMON-PRIOR> 841,523
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,826,626
<NET-ASSETS> 24,387,241
<DIVIDEND-INCOME> 1,103,890
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 160,389
<NET-INVESTMENT-INCOME> 943,501
<REALIZED-GAINS-CURRENT> 317,389
<APPREC-INCREASE-CURRENT> 2,500,125
<NET-CHANGE-FROM-OPS> 3,761,465
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,036,744
<NUMBER-OF-SHARES-REDEEMED> 613,562
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 11,061,434
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 18,856,424
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> CAPITAL GROWTH DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 64,236,841
<INVESTMENTS-AT-VALUE> 70,571,585
<RECEIVABLES> 12,096,285
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,667,870
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,333,126
<SHARES-COMMON-STOCK> 3,344,862
<SHARES-COMMON-PRIOR> 2,588,397
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,344,744
<NET-ASSETS> 82,667,870
<DIVIDEND-INCOME> 13,585,474
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 634,806
<NET-INVESTMENT-INCOME> 12,950,668
<REALIZED-GAINS-CURRENT> 704,194
<APPREC-INCREASE-CURRENT> (3,210,806)
<NET-CHANGE-FROM-OPS> 10,444,056
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,982,313
<NUMBER-OF-SHARES-REDEEMED> 1,225,848
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 28,532,231
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 68,401,754
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> BALANCED DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 17,248,488
<INVESTMENTS-AT-VALUE> 18,029,841
<RECEIVABLES> 1,455,680
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,485,521
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,704,168
<SHARES-COMMON-STOCK> 1,272,168
<SHARES-COMMON-PRIOR> 1,113,152
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 781,353
<NET-ASSETS> 19,485,521
<DIVIDEND-INCOME> 1,623,682
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 160,537
<NET-INVESTMENT-INCOME> 1,463,145
<REALIZED-GAINS-CURRENT> 151,391
<APPREC-INCREASE-CURRENT> (17,988)
<NET-CHANGE-FROM-OPS> 1,596,548
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 804,427
<NUMBER-OF-SHARES-REDEEMED> 645,411
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,924,109
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 17,523,467
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> EMERGING GROWTH DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-01-1996
<INVESTMENTS-AT-COST> 24,652,762
<INVESTMENTS-AT-VALUE> 26,215,352
<RECEIVABLES> 843,112
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27,058,464
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,495,874
<SHARES-COMMON-STOCK> 1,746,963
<SHARES-COMMON-PRIOR> 575,117
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,562,590
<NET-ASSETS> 27,058,464
<DIVIDEND-INCOME> 816,743
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 156,489
<NET-INVESTMENT-INCOME> 660,254
<REALIZED-GAINS-CURRENT> 349,647
<APPREC-INCREASE-CURRENT> 1,103,470
<NET-CHANGE-FROM-OPS> 2,113,371
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,835,746
<NUMBER-OF-SHARES-REDEEMED> 663,900
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 19,471,122
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 17,322,903
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> TEMPLETON DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 19,581,399
<INVESTMENTS-AT-VALUE> 22,717,525
<RECEIVABLES> 104,839
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22,822,364
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,666,238
<SHARES-COMMON-STOCK> 1,668,063
<SHARES-COMMON-PRIOR> 691,356
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,136,126
<NET-ASSETS> 22,822,364
<DIVIDEND-INCOME> 205,983
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 143,239
<NET-INVESTMENT-INCOME> 62,744
<REALIZED-GAINS-CURRENT> 267,958
<APPREC-INCREASE-CURRENT> 2,779,085
<NET-CHANGE-FROM-OPS> 3,109,787
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,125,436
<NUMBER-OF-SHARES-REDEEMED> 1,148,728
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15,125,562
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 15,259,583
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> FIDELITY CONTRA DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 4,542,514
<INVESTMENTS-AT-VALUE> 4,931,474
<RECEIVABLES> 31,051
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,962,525
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,573,565
<SHARES-COMMON-STOCK> 444,719
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 388,960
<NET-ASSETS> 4,962,525
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 13,294
<NET-INVESTMENT-INCOME> (13,294)
<REALIZED-GAINS-CURRENT> 3,889
<APPREC-INCREASE-CURRENT> 388,960
<NET-CHANGE-FROM-OPS> 379,555
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 533,610
<NUMBER-OF-SHARES-REDEEMED> 88,891
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,962,525
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 2,481,263
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> FIDELITY HIGH INCOME DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 2,705,728
<INVESTMENTS-AT-VALUE> 2,812,388
<RECEIVABLES> 6,813
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,819,201
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,712,541
<SHARES-COMMON-STOCK> 262,053
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 106,660
<NET-ASSETS> 2,819,201
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 9,027
<NET-INVESTMENT-INCOME> (9,027)
<REALIZED-GAINS-CURRENT> 25,826
<APPREC-INCREASE-CURRENT> 106,660
<NET-CHANGE-FROM-OPS> 123,459
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 460,340
<NUMBER-OF-SHARES-REDEEMED> 198,287
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,819,201
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,409,601
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> FIDELITY INDEX 500 DIVISION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 6,860,548
<INVESTMENTS-AT-VALUE> 7,421,550
<RECEIVABLES> 106,035
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,527,585
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,966,583
<SHARES-COMMON-STOCK> 660,083
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 561,002
<NET-ASSETS> 7,527,585
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 18,598
<NET-INVESTMENT-INCOME> (18,598)
<REALIZED-GAINS-CURRENT> 24,088
<APPREC-INCREASE-CURRENT> 561,002
<NET-CHANGE-FROM-OPS> 566,492
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 796,936
<NUMBER-OF-SHARES-REDEEMED> 136,853
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7,527,585
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 3,763,793
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
