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[IL Annuity and Insurance Company Letterhead]
NAME March 11, 1996
ADDRESS
CITY STATE ZIP
Dear [NAME)
Enclosed for your review are the annual shareholder reports for those funds
available through The Visionary Contract as of February 29, 1996. These annual
shareholder reports are comprised of the audited financial statements for the
funds as of the end of each fund's fiscal year.
We appreciate your patronage and look forward to continuing to serve your
needs.
Sincerely,
/s/Gregory J. Carney
Gregory J. Carney
President and Chief Executive Officer
The following documents accompanied this letter to contractowners and are
hereby incorporated by reference.
Document 1. The Annual Report of the Alger American Fund dated December 31,
1995, that was filed with the Securities and Exchange Commission ("Commission")
on February 29, 1996 (File No. 811-5550).
Document 2. The Annual Reports of the Fidelity Variable Insurance Products Fund
and the Variable Insurance Products Fund II dated December 31, 1995, that were
filed with the Commission on February 15, 1996 (File Nos. 811-3329 and
811-5511).
Document 3. The Annual Report of the Quest for Value Accumulation Trust dated
December 31, 1995, that was filed with the Commission on February 27, 1996
(File No. 811-8512).
Document 4. The Annual Report of the T. Rowe Price Fixed Income Series, Inc.
dated December 31, 1995, that was filed with the Commission on February 16,
1996 (File No. 811-7153).
Document 5. The Annual Report of the T. Rowe Price International Series, Inc.
dated December 31, 1995, that was filed with the Commission on February 23,
1996 (File No. 811-7145).
Document 6. The Semi-Annual Report of the Van Eck Worldwide Insurance Trust
dated October 31, 1995, that was filed with the Commission on January 9, 1996
(File No. 811-5083).
