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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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SIGNATURE NEIL FORREST
TITLE ASSISTANT TREASURER
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<NAME> VIP MONEY MARKET FUND
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<NAME> VIP ASSET ALLOCATION
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<TABLE> <S> <C>
<ARTICLE> 6
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<NAME> VIP HIGH QUALITY BOND FUND
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1996
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<TABLE> <S> <C>
<ARTICLE> 6
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<NUMBER> 2
<NAME> VIP EQUITY FUND
<S> <C>
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<PERIOD-END> DEC-31-1996
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