<PAGE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
SAFECO SEPARATE ACCOUNT SL EXPENSE TABLE
- -------------------------------------------------------------------------------------------------------------------------
PORTFOLIO EXPENSES Other Expenses
(as a percentage of average net assets) (after expense
Management reimbursement for Total Annual
Fees certain Portfolios) Portfolio Expenses
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Managed by Fidelity Management & Research Company (b)
VIP Money Market Portfolio .20% .10% .30%
VIP High Income Portfolio .58% .12% .70%
VIP Equity-Income Portfolio .49% .09% .58%
VIP Growth Portfolio .59% .09% .68%
VIP Overseas Portfolio .74% .17% .91%
VIP II Investment Grade Bond Portfolio .43% .14% .57%
VIP II Asset Manager Portfolio .54% .10% .64%
VIP II Index 500 Portfolio (a) .24% .11% .35%
VIP II Asset Manager: Growth Portfolio .59% .14% .73%
VIP II Contrafund Portfolio .59% .11% .70%
Managed by Lexington Management Corporation (a)
Lexington Natural Resources Trust 1.00% .29% 1.29%
Lexington Emerging Markets Fund, Inc. .85% 1.23% 2.08%
Managed by SAFECO Asset Management Company (a)
RST Equity Portfolio .74% .04% .78%
RST Growth Portfolio .74% .06% .80%
RST Northwest Portfolio .74% .22% .96%
RST Bond Portfolio .74% .09% .83%
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a)In some cases the fund advisers agree to waive or reimburse all or a portion
of the portfolio expenses. For those portfolios where such an agreement exists,
the expenses absent waiver or reimbursement would have been .98% for the RST
Bond Portfolio; .99% for the RST Northwest; .28% for the Index 500 Portfolio. In
addition, we have Fund Participation Agreements with each of the non-SAFECO fund
managers that describe the administrative practices and responsibilities of the
parties.
(b)A portion of the brokerage commissions certain funds pay was used to reduce
fund expenses. In addition, certain funds have entered into arrangements with
their custodian whereby credits realized, as a result of uninvested cash
balances were used to reduce custodian expenses. Including these reductions, the
total operating expenses presented in the table would have been .57% for the VIP
Equity-Income Portfolio; .66 % for the VIP Growth Portfolio; .89% for VIP
Overseas Portfolio;.63% for the VIP II Asset Manager Portfolio; .66% for the VIP
II Contrafund Portfolio; .72% for the VIP II Asset Manager: Growth Portfolio.
The above portfolio expenses were provided by the portfolios. We have not
independently verified the accuracy of the information.
YEAR 2000
Like other insurance, mutual fund, financial and business organizations, and
individuals around the world, SAFECO Life and the Separate Account could be
adversely affected if the computer systems used by SAFECO Life, its principal
underwriter, underlying mutual fund managers and investment advisers, or other
companies that provide services to the Separate Account do not properly process
and calculate date related information from and after January 1, 2000. This is
commonly called the "Year 2000 problem." SAFECO Life is taking steps it believes
are reasonably designed to address the year 2000 problem with respect to the
computer systems that each of them uses and to obtain satisfactory assurance
that comparable steps are being taken by each of SAFECO Life's other major
service providers. It is not anticipated that the Separate Account will incur
any charges or that there will be any difficulties in accurate and timely
reporting resulting from the change in year from 1999 to 2000. However, with
approximately 90% of its systems ready, SAFECO Life in currently developing
business continuity plans for year 2000 contingencies.
