Notice to Contract Owner
Important! Please respond immediately.
June 2000
Dear Distinct Assets Contract Owner:
The Board of Directors of the Lexington Emerging Markets Fund has called a
special meeting of shareholders of the funds to be held on July 21,2000, for the
purposes described in the enclosed Proxy Statement.
The Lexington Emerging Markets Fund is available under the Distinct Assets
Variable Annuity. As a shareholder in the Fund, Transamerica Occidental Life
Insurance Company will vote its shares at this meeting. As a Contract Owner with
amounts allocated to the Lexington Emerging Markets Fund sub-account as of May
23, 2000, the record date, you have the right to instruct Transamerica how to
vote. Transamerica will vote all its shares in accordance with the instructions
it receives. This mailing is to solicit these instructions from you.
Enclosed are:
1. An instruction form that you should use to instruct Transamerica how to
vote the Fund shares it holds.
2. The proxy solicitation materials from the Fund. Review these to learn more
about the meeting and the proposals which will be voted on.
3. A postage paid envelope to return your Instruction Form.
Please mark your instructions on the Instruction Form, sign, date, and return it
in the enclosed envelope.
Thank you,
Sandy Brown
Vice President
Transamerica Occidental Life Insurance Company
<PAGE>
Please fold and detach card at perforation before mailing
Please vote by filling in the appropriate boxes below.
<TABLE>
<CAPTION>
Vote On Directors
<S> <C> <C> <C>
FOR WITHHOLD FOR ALL
ALL ALL EXCEPT
1. To elect Directors for a term of office to commence upon the
completion of the acquisition described in the accompanying proxy statement.
01) Al Burton 05)Walter H. May 09)Robert W. Stallings
02) Paul S. Doherty 06) Jock Patton 10) John G. Truner
03) Robert B. Goode 07) David W. C. Putnam 11)David W. Wallace
04) Alan L. Gosule 08)John R. Smith
To withhold authority to vote, mark the "For All Except" and write the
nominee(s) number on the line below.
FOR AGAINST ABSTAIN
Vote On Proposals
2. To approve a new Investment Management
Agreement between the Fund and Pilgrim Investments, Inc. to take effect upon the
completion of the proposed acquisition of Lexington Global Asset Managers, Inc.
by ReliaStar Financial Corp.
FOR AGAINST ABSTAIN
3. To approve a new Investment Management Agreement
between the Fund and Pilgrim Investments, Inc. to take effect upon the
completion of the proposed acquisition of ReliaStar Financial Corp. by ING Groep
N.V.
FOR AGAINST ABSTAIN
5. To ratify the selection of KPMG LLP as the Fund's independent public
accountants for the fiscal year ending December 31, 2000.
FOR AGAINST ABSTAIN
6. To approve Amended and Restated Articles of Incorporation.
FOR AGAINST ABSTAIN
8. To transact such other business as may properly come before the Meeting or
any adjournment(s) thereof.
</TABLE>
In their discretion, the proxies are authorized to vote on such other business
as may properly come before the Special Meeting. A majority of the proxies
present and acting at the Special Meeting in person or by substitute (or, if
only one shall be so present, then that one) shall have and may exercise all of
the power and authority of said proxies hereunder. The undersigned hereby
revokes any proxy previously given.
<PAGE>
FIRST CLASS U.S. POSTAGE PAID PROXY TABULATOR
TRANSAMERICA LIFE COMPANIES
ANNUITY SERVICE CENTER
401 N. Tyron Street, Suite 700
Charlotte, NC 28202
LEXINGTON EMERGING MARKETS FUND, INC. Meeting: July 21, 2000
AT 9AM VOTING
INSTRUCTION CARD
This instruction card is being solicited by Transamerica Occidental Life
Insurance Companies or Transamerica Life Insurance Company of New York
("Transamerica"), as a shareholder of the Lexington Emerging Markets Fund. The
undersigned owners of a Distinct Assets variable annuity with account value
allocated to the Lexington Emerging Markets Fund (Fund) hereby instructs
Transamerica to vote in the manner indicated on the reverse side at the Special
Meeting of Shareholders of the Fund to be held at Park 80 West Plaza Two, Saddle
Brook, New Jersey at the date and time indicated above and at any adjournments
thereof. The undersigned hereby acknowledges receipt of the enclosed Notice of
Special Meeting and Proxy Statement. Every properly signed instruction card will
be voted in the manner specified thereon and, in the absence of specification,
will be treated as GRANTING authority to vote FOR all of the items on the
reverse side.
PLEASE SIGN IN THE BOX BELOW
Date:______________________
Please sign exactly as your name appears on this instruction
card. If joint owners, EITHER may sign the instruction card.
When signing as attorney, executor, administrator, trustee,
guardian or corporate officer, please give your full title.
_______________________________
Signature(s)
