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[IL Annuity and Insurance Company Letterhead]
August 29, 1996
Dear Valued Contract Owner:
Enclosed for your review are the semiannual shareholder reports for those funds
available through The Visionary Contract as of August 29, 1996. These semiannual
reports are comprised of the unaudited financial statements for the funds for
the six months ending June 30, 1996.
We appreciate your patronage and look forward to continuing to serve your needs.
Sincerely,
/s/Sylvia M. Smith
Sylvia M. Smith
Account Representative
Enclosure
The following documents accompanied this letter to contract owners and are
hereby incorporated by reference:
Document 1. The Semi-Annual Report of the Alger American Fund dated June 30,
1996, that was filed with the Securities and Exchange Commission ("Commission")
on August 29, 1996 (File No. 811-5550).
Document 2. The Semi-Annual Reports of the Fidelity Variable Insurance Products
Fund and the Variable Insurance Products Fund II dated June 30, 1996, that were
filed with the Securities and Exchange Commission ("Commission") on August 29,
1996 (File Nos. 811-3329 and 811-5511).
Document 3. The Semi-Annual Report of the OCC Accumulation Trust dated August
30, 1996, that was filed with the Securities and Exchange Commission
("Commission") on September 3, 1996 (File No. 811-8512).
Document 4. The Semi-Annual Report of the T. Rowe Price Fixed Income Series,
Inc. dated June 30, 1996, that was filed with the Securities and Exchange
Commission ("Commission") on August 19, 1996 (File No. 811-7153).
Document 5. The Semi-Annual Report of the T. Rowe Price International Series,
Inc. dated June 30, 1996, that was filed with the Securities and Exchange
Commission ("Commission") on August 13, 1996 (File No. 811-7145).
Document 6. The Annual Report of the Van Eck Worldwide Insurance Trust dated
April 30, 1996, that was filed with the Securities and Exchange Commission
("Commission") on July 10, 1996 (File No. 811-5083).
