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[IL Annuity and Insurance Company Letterhead]
February 28, 1997
NAME
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 28, 1997. 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/Richard Rosenberg
Richard Rosenberg
Account Representative
The following documents accompanied this letter to contract owners and are
hereby incorporated by reference:
Document 1. The Annual Report of the Alger American Fund dated December 31,
1996, that was filed with the Securities and Exchange Commission ("Commission")
on February 24, 1997 (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, 1996, that
were filed with the Commission on February 27, 1997 (File Nos. 811-3329 and
811-5511).
Document 3. The Annual Report of the OCC Accumulation Trust dated December 31,
1996, that was filed with the Commission on March 6, 1997 (File No. 811-8512).
Document 4. The Annual Report of the T. Rowe Price Limited Term Bond
Portfolio dated December 31, 1996, that was filed with the Commission on
February 21, 1997 (File No. 811-7153).
Document 5. The Annual Report of the T. Rowe Price International Stock
Portfolio dated December 31, 1996, that was filed with the Commission on
February 18, 1997 (File No. 811-7145).
Document 6. The Annual Report of the Van Eck Worldwide Balanced Fund dated
December 31, 1996, that was filed with the Commission on February 27, 1997
(File No. 811-5083).
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Document 7. The Annual Report of the Van Eck Gold and Natural Resources Fund
dated December 31, 1996, that was filed with the Commission on February 28,
1997 (File No. 811-5083).
