LETTERHEAD OF MUTUAL OF OMAHA COMPANIES
August 20, 1999
Dear Policy Owner;
We are pleased to provide you with semiannual financial reports from the fund
companies that are available for you to invest in under your Ultrannuity Series
I variable annuity policy.
The reports detail the present financial condition and overall performances of
all the various fund families, so we encourage you to review yours carefully.
This information will help you plan future asset allocations as your needs and
lifestyle change.
The following three fund companies offer subaccounts in the Ultrannuity Series I
variable annuity:
o Fidelity Investments
o Scudder Kemper Investments, Inc.
o T. Rowe Price
If you wish to make additional investments, simply contact your registered
representative. And if you have any questions concerning your policy, please
call our Variable Product Services at 1-800-494-0067.
Again, thank you for choosing Companion Life Insurance Company. It is a pleasure
to serve you.
Sincerely,
/s/ Kathleen Rechis
Vice President, Sales and Marketing
Companion Life Insurance Company
Variable Annuity issued by: Companion Life Insurance Company, Home office: Rye,
New York Distributed through: Mutual of Omaha Investor Services, Inc., Mutual of
Omaha Plaza, Omaha, NE 68175
Policy Form 715Y 1/95
<PAGE>
The following documents accompanied this letter to policyowners and are hereby
incorporated by reference:
1. The semiannual reports of the Variable Insurance Products Fund and the
Variable Insurance Products Fund II, dated June 30, 1999, respectively,
that were filed with the Commission on August 27, 1999 (File No.
811-05511).
2. The semiannual report of the Scudder Variable Life Investment Fund dated
June 30, 1999, that was filed with the Commission on August 17, 1999
(File No. 811-04257).
3. The semiannual report of T. Rowe Price Equity Income Portfolio, dated
June 30, 1999, that was filed with the Commission on August 13, 1999
(File No. 811-07143).
4. The semiannual reports of T. Rowe Price New America Growth Portfolio and
Personal Strategy Balanced Portfolio, dated June 30, 1999, respectively,
that were filed with the Commission on August 16, 1999 (File No.
811-07143).
5. The semiannual report of T. Rowe Price Limited Term Bond Portfolio dated
June 30, 1999 that was filed with the Commission on August 13, 1999
(File No. 811-07153).
6. The semiannual report of T. Rowe Price International Stock Portfolio
dated June 30, 1999 that was filed with the Commission on August 13,
1999 (File No. 811-07145).
<PAGE>
LETTERHEAD OF MUTUAL OF OMAHA COMPANIES
August 20, 1999
Dear Policy Owner;
We are pleased to provide you with semiannual financial reports from the fund
companies that are available for you to invest in under your Ultrannuity Series
V variable annuity policy.
The reports detail the present financial condition and overall performances of
all the various fund families, so we encourage you to review yours carefully.
This information will help you plan future asset allocations as your needs and
lifestyle change.
The following seven fund companies offer subaccounts in the Ultrannuity Series V
variable annuity:
o Fred Alger Management
o Federated Investors
o Fidelity Investments
o Massachusetts Financial Services (MFS)
o Scudder Kemper Investments, Inc.
o T. Rowe Price
o Pioneer
If you wish to make additional investments, simply contact your registered
representative. And if you have any questions concerning your policy, please
call our Variable Product Services at 1-800-494-0067.
Again, thank you for choosing Companion Life Insurance Company. It is a pleasure
to serve you.
Sincerely,
/s/ Kathleen Rechis
Vice President, Sales and Marketing
Companion Life Insurance Company
Variable Annuity issued by: Companion Life Insurance Company, Home office: Rye,
New York Distributed through: Mutual of Omaha Investor Services, Inc., Mutual of
Omaha Plaza, Omaha, NE 68175
Policy Form 729Y- 1/96
<PAGE>
The following documents accompanied this letter to policyowners and are hereby
incorporated by reference:
1. The semiannual report of The Alger American Fund dated June 30, 1999,
that was filed with the Securities and Exchange Commission (the
"Commission") on August 20, 1999 (File No. 811-05550).
2. The semiannual reports of the Federated Fund for U.S. Government
Securities II and the Federated Prime Money Fund II, dated June 30,
1999, respectively, that were filed with the Commission on August 20,
1999 (File No. 811-08042).
3. The semiannual reports of the Variable Insurance Products Fund and the
Variable Insurance Products Fund II, dated June 30, 1999, respectively,
that were filed with the Commission on August 27, 1999 (File No.
811-05511).
4. The semiannual reports of MFS Capital Opportunities Series, MFS Research
Series, MFS Global Governments Series and MFS Emerging Growth Series,
dated June 30, 1999, respectively, that were filed with the Commission
on August 9, 1999 (File No. 811-08326).
5. The semiannual report of MFS High Income Series, dated June 30, 1999,
respectively, that was filed with the Commission on August 10, 1999
(File No. 811-08326).
6. The semiannual report of the Scudder Variable Life Investment Fund dated
June 30, 1999, that was filed with the Commission on August 17, 1999
(File No. 811-04257).
7. The semiannual report of T. Rowe Price Equity Income Portfolio, dated
June 30, 1999, that was filed with the Commission on August 13, 1999
(File No. 811-07143).
8. The semiannual reports of T. Rowe Price New America Growth Portfolio and
Personal Strategy Balanced Portfolio, dated June 30, 1999, respectively,
that were filed with the Commission on August 16, 1999 (File No.
811-07143).
9. The semiannual report of T. Rowe Price Limited Term Bond Portfolio dated
June 30, 1999 that was filed with the Commission on August 13, 1999
(File No. 811-07153).
10. The semiannual report of T. Rowe Price International Stock Portfolio
dated June 30, 1999 that was filed with the Commission on August 13,
1999 (File No. 811-07145).
11. The semiannual report of Pioneer Variable Contracts Trust dated June 30,
1999, that was filed with the Commission on September 1, 1999 (File No.
811-08786).
