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Exhibit 13
First SunAmerica Life Insurance Company
FS Variable Separate Account
(Portion Relating to the FS Advisor Variable Annuity)
SCHEDULE FOR COMPUTATION OF PERFORMANCE QUOTATIONS
STANDARDIZED PERFORMANCE SINCE SEPARATE ACCOUNT INCEPTION
The Average Annual Total Return for each period is determined by finding the
average annual compounded rate of return over each period that would equate the
initial amount invested to the ending redeemable value for that period,
according to the following formulas:
(n)
P (1 + T) = ERV
P = a hypothetical initial purchase payment of $1,000
T = average annual total return for the period in question
n = number of years
ERV = redeemable value (as of the end of the stated period in
question) of a hypothetical $1,000 purchase payment made at
the beginning of the 1-year, 5-year, or 10-year period in
question (or fractional period thereof).
The formula assumes that: (1) all recurring fees have been charged to the
contract owner's accounts; (2) all applicable non-recurring charges are deducted
at the beginning of the period in question; and (3) there will be a complete
redemption at the end of the period in question. The performance figures shown
in the table above relate to the contract form containing the highest level of
charges.
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I. FS VARIABLE SEPARATE ACCOUNT (Portion Relating to the FS Advisor Variable
Annuity): STANDARDIZED 1-YEAR RETURNS
CALCULATION OF ANNUAL RETURN
Fund Value = 1000 (Ending Unit Value / Beginning Unit Value)
Annual Return = (Fund Value / 1000) - 1
UNIT VALUES - (not applicable)
<TABLE>
<CAPTION>
Capital Gov't & Emerging Int'l Div Global Int's Growth
Appreciation Growth Quality Bond Technology* Markets Equities Equity & Income
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Fund Value $1,653.70 $1,250.20 $ 969.00 N/A $ 1,747.30 $ 1,226.80 $ 1,289.60 $ 1,223.70
One Year Yield 65.37% 25.02% -3.10% N/A 74.73% 22.68% 28.96% 22.37%
Period Years 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Growth MFS Mid-cap Blue Chip Aggressive Putnam GS MFS Growth Alliance Davis Venture
Opportunity* Growth* Growth* Growth Growth Research & Income Growth Value
-------------------------------------------------------------------------------------------------------------------
Fund Value N/A N/A N/A $1,819.00 $1,277.60 N/A $ 1,043.60 $ 1,310.90 $1,143.70
One Year Yield N/A N/A N/A 81.90% 27.76% N/A 4.36% 31.09% 14.37%
Period Years 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Federated Growth- Asset MFS SunAmerica Worldwide High-Yield Corporate Global Bond
Value Income Allocation Total Return Balance High Income Bond Bond
-------------------------------------------------------------------------------------------------------------------
Fund Value $1,046.20 $ 1,280.80 $ 1,078.30 $1,013.20 $ 1,195.60 $ 1,174.80 $ 1,049.20 $966.90 $ 975.20
One Year Yield 4.62% 28.08% 7.83% 1.32% 19.56% 17.48% 4.92% -3.31% -2.48%
Period Years 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
</TABLE>
*Standardized 1-year returns for these portfolios are not available because
funds were not accepted into the separate account until December 29,
2000.
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II. FS VARIABLE SEPARATE ACCOUNT (Portion Relating to the FS Advisor
Variable Annuity): STANDARDIZED 5-YEAR RETURNS
Standardized 5-year returns are not available because funds were not
accepted into the separate account until April 6, 1995.
CALCULATION OF ANNUAL RETURN
Fund Value = 1000 (Ending Unit Value / Beginning Unit Value)
Annual Return = (Fund Value / 1000) (1/5) - 1
UNIT VALUES - (Not applicable)
III. FS VARIABLE SEPARATE ACCOUNT (Portion Relating to the FS Advisor
Variable Annuity): STANDARDIZED LIFETIME RETURNS
Fund Value = 1000 (31-December-99 Unit Value / Inception Date Unit
Value)
Annual Return = (Fund Value / 1000) (1/period) - 1
<TABLE>
<CAPTION>
Capital Gov't & Emerging Int'l Div Global Int's Growth
Appreciation Growth Quality Bond Technology* Markets Equities Equity & Income
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Fund Value $3,805.02 $2,960.15 $ 1,257.87 N/A $ 1,070.66 $ 1,790.12 $ 2,215.73 $ 1,381.31
Annualized 32.57% 25.73% 5.04% N/A 2.71% 13.12% 18.82% 13.44%
Yield Since
Inception
Period Years 4.74 4.74 4.67 N/A 2.55 4.72 4.61 2.56
Growth MFS Mid-cap Blue Chip Aggressive Putnam GS MFS Growth Alliance
Opportunity* Growth* Growth* Growth Growth Research & Income Growth Value
-------------------------------------------------------------------------------------------------------------------
Fund Value N/A $1,069.55 N/A $2,430.35 $ 3,057.35 N/A $ 2,232.97 $ 4,220.42 $2,573.37
Annualized N/A 39.96% N/A 28.17% 26.59% N/A 18.47% 35.50% 22.07%
Yield Since
Inception
Period Years N/A 0.20 N/A 3.58 4.74 N/A 4.74 4.74 4.74
Federated Growth- Asset MFS SunAmerica Worldwide High-Yield Corporate Global Bond
Value Income Allocation Total Return Balance High Income Bond Bond
---------------------------------------------------------------------------------------------------------------------
Fund Value $1,688.18 $ 3,222.15 $ 1,754.23 $1,706.20 $ 1,969.76 $ 1,549.85 $ 1,329.89 $ 1,249.00 $1,358.92
Annualized 15.76% 28.11% 12.73% 12.17% 20.86% 9.84% 6.32% 4.82% 6.79%
Yield Since
Inception
Period Years 3.58 4.72 4.69 4.65 3.58 4.67 4.65 4.72 4.67
</TABLE>
*Standardized lifetime returns for these portfolios are not available
because funds were not accepted into the separate account until December
29, 2000.
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III. CALCULATION OF ANNUAL RETURN
UNIT VALUES:
<TABLE>
<CAPTION>
Capital Gov't & Emerging Int'l Div Global Int's Growth
Apprec Growth Quality Bond Technology Markets Equities Equity & Income
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Inception Dates 4/6/95 4/6/95 5/3/95 N/A 6/12/97 4/12/95 5/22/95 6/9/97
Inception Date $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00
Unit Value
12/31/99 N/A
38.05 29.60 12.58 10.71 17.90 22.16 13.81
Growth MFS Mid-cap Blue Chip Aggressive Putnam GS MFS Growth Alliance
Opportunity Growth Growth Growth Growth Research & Income Growth Value
-------------------------------------------------------------------------------------------------------------------
Inception Dates N/A 10/19/99 N/A 6/3/96 4/6/95 N/A 4/6/95 4/6/95 4/6/95
Inception Date $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00
Unit Value
12/31/99 N/A 10.70 N/A 24.30 30.57 N/A 22.33 42.20 25.73
Federated Growth- Asset MFS SunAmerica Worldwide High-Yield Corporate lobal Bond
Value Income Allocation Total Return Balance High Income Bond Bond
-------------------------------------------------------------------------------------------------------------------
Inception Dates 6/3/96 4/12/95 4/24/95 5/8/95 6/3/96 5/2/95 5/8/95 4/12/95 5/2/95
Inception Date $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00 $ 10.00
Unit Value
12/31/99
16.88 32.22 17.54 17.06 19.70 15.50 13.30 12.49 13.59
</TABLE>
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