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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 24, 1998
FILE NO. 333-50879
811-07351
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
AND
POST-EFFECTIVE AMENDMENT NUMBER ONE TO THE
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
GLENBROOK LIFE AND ANNUITY COMPANY
SEPARATE ACCOUNT A
(Exact Name of Registrant)
GLENBROOK LIFE AND ANNUITY COMPANY
3100 Sanders Road
Northbrook, Illinois 60062
(Name of Depositor)
MICHAEL J. VELOTTA
Vice President, Secretary and General Counsel
Glenbrook Life and Annuity Company
3100 Sanders Road
Northbrook, Illinois 60062
847/402-2400
(Name and Complete Address of Agent for Service)
Copies to:
JOAN E. BOROS, ESQUIRE JOHN R. HEDRICK, ESQUIRE
Jorden Burt Boros Cicchetti Allstate Life Financial Services, Inc.
Berenson & Johnson LLP 3100 Sanders Road
1025 Thomas Jefferson Street N.W. Northbrook, IL 60062
Suite 400 East
Washington, D.C. 20004
STATEMENT PURSUANT TO RULE 24f-2
The registrant hereby declares that it is registering an indefinite amount of
securities pursuant to Rule 24f-2 under the Investment Company Act of 1940.
Title of Securities Being Registered: Flexible Premium Deferred Annuity
Contracts and Participating Interests Therein.
Approximate Date of Proposed Public Offering: Continuous.
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)
_X_ immediately upon filing pursuant to paragraph (b) of Rule 485
___ on May 1, 1998 pursuant to paragraph (b) of Rule 485
___ 60 days after filing pursuant to paragraph (a)(i) of Rule 485
___ on (date) pursuant to paragraph (a)(i) of Rule 485
___ 75 days after filing pursuant to paragraph (a)(ii) of Rule 485
IF APPROPRIATE, CHECK THE FOLLOWING BOX:
This post-effective amendment designates a new effective date for a previously
filed post-effective amendment.
<PAGE>
Registrant is filing this Post-effective Amendment Number One for the sole
purpose of including total return quotations in the Statement of Additional
Information (Item 21 of the Form N-4: Calculation of Performance Data) and to
include Exhibit 13 (Schedule for Computation of each Performance Quotation
provided in the Registration Statement in response to Item 21).
Registrant does not intend for this Post-effective Amendment Number One to
supercede or to delete any part of the Registration Statement except as
specifically noted herein. Accordingly, Registrant hereby incorporates, by
reference, its registration statement into this Post-Effective Amendment Number
One.
<PAGE>
THE STATEMENT OF ADDITIONAL INFORMATION DATED JUNE 1, 1998 FOR THE AIM LIFETIME
PLUS(sm) II VARIABLE ANNUITY IS AMENDED AS FOLLOWS.
STATEMENT OF ADDITIONAL INFORMATION
In the Statement of Additional Information, under "Performance-Standard Total
Returns," delete the fourth paragraph in its entirety and insert the following:
Standardized Total Returns for the periods ended December 31, 1997 follow.
(Without the optional Enhanced Death Benefit Rider or the optional Enhanced
Death and Income Benefit Combination Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 5.90% NA 10.53%
Capital Development N/A NA N/A
Diversified Income 1.83% NA 6.29%
Global Utilities 13.94% NA 13.88%
Government Securities 0.61% NA 1.84%
Growth 19.12% NA 17.30%
Growth & Income 17.98% NA 17.94%
High Yield N/A NA N/A
International Equity -0.60% NA 9.91%
Money Market -2.37% NA 1.38%
Value 15.98% NA 13.89%
(with the optional Enhanced Death Benefit Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 5.68% NA 10.30%
Capital Development N/A NA N/A
Diversified Income 1.62% NA 6.06%
Global Utilities 13.70% NA 13.64%
Government Securities 0.40% NA 1.63%
Growth 18.87% NA 17.05%
Growth & Income 17.74% NA 17.70%
High Yield N/A NA N/A
International Equity -0.81% NA 9.68%
Money Market -2.58% NA 1.17%
Value 15.73% NA 13.65%
(with the optional Enhanced Death and Income Benefit Combination Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 5.45% NA 10.07%
Capital Development N/A NA N/A
Diversified Income 1.40% NA 5.84%
Global Utilities 13.46% NA 13.41%
Government Securities 0.19% NA 1.41%
Growth 18.62% NA 16.81%
Growth & Income 17.49% NA 17.45%
High Yield N/A NA N/A
International Equity -1.02% NA 9.46%
Money Market -2.78% NA 0.95%
Value 15.49% NA 13.41%
Under "Performance - Non-Standardized Total Returns," delete the third paragraph
in its entirety and insert the following:
Non-standardized total returns for the periods ended December 31, 1997 follow.
(without the optional Enhanced Death Benefit Rider or the optional Enhanced
Death and Income Benefit Combination Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 12.26% NA 17.36%
Capital Development N/A NA N/A
Diversified Income 8.19% NA 7.03%
Global Utilities 20.31% NA 13.89%
Government Securities 6.97% NA 4.19%
Growth 25.48% NA 16.91%
Growth & Income 24.34% NA 19.79%
High Yield N/A NA N/A
International Equity 5.77% NA 11.68%
Money Market 3.99% NA 3.86%
Value 22.34% NA 18.45%
(with the optional Enhanced Death Benefit Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 12.04% NA 17.12%
Capital Development N/A NA N/A
Diversified Income 7.98% NA 6.82%
Global Utilities 20.06% NA 13.66%
Government Securities 6.76% NA 3.99%
Growth 25.23% NA 16.68%
Growth & Income 24.10% NA 19.55%
High Yield N/A NA N/A
International Equity 5.55% NA 11.46%
Money Market 3.78% NA 3.65%
Value 22.09% NA 18.21%
(with the optional Enhanced Death and Income Benefit Combination Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 11.82% NA 16.89%
Capital Development N/A NA N/A
Diversified Income 7.76% NA 6.60%
Global Utilities 19.83% NA 13.44%
Government Securities 6.55% NA 3.78%
Growth 24.98% NA 16.44%
Growth & Income 23.85% NA 19.31%
High Yield N/A NA N/A
International Equity 5.34% NA 11.23%
Money Market 3.58% NA 3.45%
Value 21.85% NA 17.97%
Under "Performance - Historical Total Returns," delete the second paragraph in
its entirety and insert the following:
Annualized adjusted historical total returns for the periods ended December 31,
1997 follow.
(without the optional Enhanced Death Benefit Rider or the optional Enhanced
Death and Income Benefit Combination Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 5.90% NA 16.79%
Capital Development N/A NA N/A
Diversified Income 1.83% NA 6.25%
Global Utilities 13.94% NA 12.83%
Government Securities 0.61% NA 3.33%
Growth 19.12% NA 16.34%
Growth & Income 17.98% NA 18.87%
High Yield N/A NA N/A
International Equity -0.60% NA 11.01%
Money Market -2.37% NA 1.38%
Value 15.98% NA 17.90%
(with the optional Enhanced Death Benefit Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 5.68% NA 16.56%
Capital Development N/A NA N/A
Diversified Income 1.62% NA 6.03%
Global Utilities 13.70% NA 12.60%
Government Securities 0.40% NA 3.12%
Growth 18.87% NA 16.10%
Growth & Income 17.74% NA 18.62%
High Yield N/A NA N/A
International Equity -0.81% NA 10.78%
Money Market -2.58% NA 1.17%
Value 15.73% NA 17.66%
(with the optional Enhanced Death and Income Benefit Combination Rider)
10 Years or
Since Inception
Sub-Account One Year Five Years (if less)
- --------------------------------------------------------------------------------
Aggressive Growth N/A NA N/A
Balanced N/A NA N/A
Capital Appreciation 5.45% NA 16.32%
Capital Development N/A NA N/A
Diversified Income 1.40% NA 5.81%
Global Utilities 13.46% NA 12.37%
Government Securities 0.19% NA 2.90%
Growth 18.62% NA 15.86%
Growth & Income 17.49% NA 18.38%
High Yield N/A NA N/A
International Equity -1.02% NA 10.56%
Money Market -2.78% NA 0.95%
Value 15.49% NA 17.42%
<PAGE>
PAGE C-1 IS DELETED IN ITS ENTIRETY (INCLUDING THE RESPONSES TO ITEMS 24A AND
24B OF THE FORM N4)AND REPLACED WITH THE FOLLOWING:
PART C OTHER INFORMATION
24A. FINANCIAL STATEMENTS
Glenbrook Life and Annuity Company Financial Statements and Financial Statement
Schedules are contained in Part A of Registrant's initial registration
statement*** and are incorporated herein by reference.
Glenbrook Life and Annuity Company Separate Account A Financial Statements are
contained in Part B of Registrant's initial registration statement*** and are
incorporated herein by reference.
24B. EXHIBITS
Unless otherwise indicated, the following exhibits, which correspond to those
required by Item 24(b) of Part C of the Form N-4, are filed herewith:
(1) Resolution of the Board of Directors of Glenbrook Life and Annuity Company
authorizing establishment of the Glenbrook Life and Annuity Company
Separate Account A*
(2) Not Applicable
(3) Form of Underwriting Agreement**
(4) Form of Glenbrook Life and Annuity Company Flexible Premium Deferred
Variable Annuity Contract***
(5) Form of Glenbrook Life and Annuity Company Flexible Premium Deferred
Variable Annuity Contract Application***
(6) (a) Articles of Incorporation of Glenbrook Life and Annuity Company****
(b) By-laws of Glenbrook Life and Annuity Company****
(7) Reinsurance Agreement between Glenbrook Life and Annuity Company and
Allstate Life Insurance Company*
(8) Participation Agreement *
(9) Opinion and Consent of Michael J. Velotta, Vice President, Secretary and
General Counsel of Glenbrook Life and Annuity Company***
(10) (a) Consent of Independent Certified Public Accountants***
(b) Consent of Attorneys***
(11) Not Applicable
(12) Not Applicable
(13) Performance Data Calculations
(14) Financial Data Schedule ******
(99) Powers of Attorney***
*Previously filed in Registrant's Form N-4 Registration Statement, No.033-62203
dated April 23, 1996 and incorporated by reference.
**Previously filed in Depositor's S-1 Registration No. 33-62193 dated March 22,
1996 and incorporated by reference.
***Previously filed in Registrant's Form N-4 Registration Statement, No.
333-50879, dated April 23, 1998 and incorporated by reference.
****Previously filed in Depositor's Form S-1 Registration Statement No.
333-07275 dated June 28, 1996 and incorporated by reference.
*****Previously filed in Registrant's Form N-4 Registration Statement, No.
33-62203 dated August 8, 1995 and incorporated by reference.
******Previously filed in Depositor's Form 10-K filed on March 31, 1998.
C-1
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant, Glenbrook Life and Annuity Company Separate Account A,
certifies that it meets the requirements of Securities Act Rule 485(b) for
effectiveness of this Registration Statement and has caused this Registration
Statement to be signed on its behalf, by the undersigned, thereunto duly
authorized, and its seal to be affixed and attested, in the Township of
Northfield, and State of Illinois on the 20th day of July, 1998.
GLENBROOK LIFE AND ANNUITY COMPANY SEPARATE ACCOUNT A
(REGISTRANT)
BY: GLENBROOK LIFE AND ANNUITY COMPANY
(DEPOSITOR)
(SEAL)
Attest: /s/ BRENDA D. SNEED By: /s/MICHAEL J. VELOTTA
-------------------- ----------------------
Brenda D. Sneed Michael J. Velotta
Assistant Secretary Vice President, Secretary and
and Assistant General Counsel General Counsel
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, this Registration Statement has been duly signed below by
the following Directors and Officers of Glenbrook Life and Annuity Company on
the 20th day of July 1998.
* LOUIS G. LOWER, II Chairman of the Board of Directors and
- -------------------- Chief Executive Officer
Louis G. Lower, II (Principal Executive Officer)
/s/ MICHAEL J. VELOTTA Vice President, Secretary, General Counsel
- ---------------------- and Director
Michael J. Velotta
* PETER H. HECKMAN President, Chief Operating Officer and Director
- ------------------
Peter H. Heckman
*JOHN R. HUNTER Director
- --------------
John R. Hunter
*KEVIN R. SLAWIN Vice President
- --------------- (Principal Financial Officer)
Kevin R. Slawin
* MARLA G. FRIEDMAN Vice President
- -------------------
Marla G. Friedman
* G. CRAIG WHITEHEAD Senior Vice President and Director
- --------------------
G. Craig Whitehead
* JAMES P. ZILS Treasurer
- ----------------
James P. Zils
* CASEY J. SYLLA Chief Investment Officer
- ----------------
Casey J. Sylla
* KEITH A. HAUSCHILDT Assistant Vice President and Controller
- ---------------------
Keith A. Hauschildt (Principal Accounting Officer)
* By Michael J. Velotta, pursuant to Power of Attorney filed previously.
(WITHOUT OPTIONAL ENHANCED DEATH BENEFIT RIDER OR OPTIONAL ENHANCED DEATH AND
INCOME BENEFIT COMBINATION RIDER)
One Year
<TABLE>
<CAPTION>
1yr ago: 12/31/96
Date: 12/31/97
AIM II MM
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 9.459046 105.71891
1 FEE 31-Dec-97 0.608952 9.836603 0.06191 0.07
RESULTING VALUE 31-Dec-97 9.836603 105.65700 1039.3060
1.000
FORMULA: 1000*(1+T)= 1039.3060
= 976.30604
T = -2.37% 3.93%
R = -2.37%
AIM II GOV
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 9.134484 109.47525
1 FEE 31-Dec-97 0.608952 9.771469 0.06232 0.07
RESULTING VALUE 31-Dec-97 9.771469 109.41293 1069.1251
1.000
FORMULA: 1000*(1+T)= 1069.1251
= 1006.1251
T = 0.61% 6.91%
R = 0.61%
AIM II DINC
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.906681 112.27527
1 FEE 31-Dec-97 0.608952 9.636499 0.06319 0.07
RESULTING VALUE 31-Dec-97 9.636499 112.21208 1081.3315
1.000
FORMULA: 1000*(1+T)= 1081.3315
= 1018.331526
T = 1.83% 8.13%
R = 1.83%
AIM II GUTL
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.793896 128.30554
1 FEE 31-Dec-97 0.608952 9.376453 0.06494 0.07
RESULTING VALUE 31-Dec-97 9.376453 128.24059 1202.4420
1.000
FORMULA: 1000*(1+T)= 1202.4420
= 1139.441965
T = 13.94% 20.24%
R = 13.94%
AIM II GI
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.440531 134.39901
1 FEE 31-Dec-97 0.608952 9.251906 0.06582 0.07
RESULTING VALUE 31-Dec-97 9.251906 134.33319 1242.8381
1.000
FORMULA: 1000*(1+T)= 1242.8381
= 1179.838059
T = 17.98% 24.28%
R = 17.98%
AIM II VALUE
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.331975 136.38889
1 FEE 31-Dec-97 0.608952 8.969655 0.06789 0.07
RESULTING VALUE 31-Dec-97 8.969655 136.32100 1222.7523
1.000
FORMULA: 1000*(1+T)= 1222.7523
= 1159.752336
T = 15.98% 22.28%
R = 15.98%
AIM II INTL
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.007322 124.88570
1 FEE 31-Dec-97 0.608952 8.469010 0.07190 0.07
RESULTING VALUE 31-Dec-97 8.469010 124.81380 1057.0493
1.000
FORMULA: 1000*(1+T)= 1057.0493
= 994.049331
T = -0.60% 5.70%
R = -0.60%
AIM II GROW
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.103426 140.77713
1 FEE 31-Dec-97 0.608952 8.913461 0.06832 0.07
RESULTING VALUE 31-Dec-97 8.913461 140.70881 1254.2025
1.000
FORMULA: 1000*(1+T)= 1254.2025
= 1191.202478
T = 19.12% 25.42%
R = 19.12%
AIM II CAP
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.332034 120.01871
1 FEE 31-Dec-97 0.608952 9.353830 0.06510 0.07
RESULTING VALUE 31-Dec-97 9.353830 119.95361 1122.0256
1.000
FORMULA: 1000*(1+T)= 1122.0256
= 1059.025636
T = 5.90% 12.20%
R = 5.90%
AIM II BALANCED
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II HIGH YIELD
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II CAPITAL DEVELOPMENT
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II AGGRESSIVE GROWTH
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
</TABLE>
<PAGE>
Inception - Standardized
<TABLE>
AIM II Capital Appreciation
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 7.289633 137.18112
1 FEE 06-Dec-96 0.608952 8.436950 0.07218 0.07
2 FEE 06-Dec-97 0.608952 9.707521 0.06273 0.07
3 FEE 31-Dec-97 0.608952 9.353830 0.06510 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.353830 136.98111 1281.2979
2.070
FORMULA: 1000*(1+T)= 1281.2979
= 1230.297942
T = 10.53%
R = 23.03%
AIM II Growth
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.171831 162.02646
1 FEE 06-Dec-96 0.608952 7.191210 0.08468 0.07
2 FEE 06-Dec-97 0.608952 9.116864 0.06679 0.07
3 FEE 31-Dec-97 0.608952 8.913461 0.06832 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.913461 161.80667 1442.2574
2.070
FORMULA: 1000*(1+T)= 1442.2574
= 1391.257375
T = 17.30%
R = 39.13%
AIM II International Equity
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.673932 149.83670
1 FEE 06-Dec-96 0.608952 7.749803 0.07858 0.07
2 FEE 06-Dec-97 0.608952 8.647798 0.07042 0.07
3 FEE 31-Dec-97 0.608952 8.469010 0.07190 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.469010 149.61580 1267.0978
2.070
FORMULA: 1000*(1+T)= 1267.0978
= 1216.09776
T = 9.91%
R = 21.61%
AIM II Value
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.586505 151.82560
1 FEE 06-Dec-96 0.608952 7.202751 0.08454 0.07
2 FEE 06-Dec-97 0.608952 9.217195 0.06607 0.07
3 FEE 31-Dec-97 0.608952 8.969655 0.06789 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.969655 151.60710 1359.8633
2.070
FORMULA: 1000*(1+T)= 1359.8633
= 1308.863318
T = 13.89%
R = 30.89%
AIM II Growth & Income
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.336333 157.81999
1 FEE 06-Dec-96 0.608952 7.402488 0.08226 0.07
2 FEE 06-Dec-97 0.608952 9.491633 0.06416 0.07
3 FEE 31-Dec-97 0.608952 9.251906 0.06582 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.251906 157.60775 1458.1721
2.070
FORMULA: 1000*(1+T)= 1458.1721
= 1407.172071
T = 17.94%
R = 40.72%
AIM II Global Utilities
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.886012 145.22194
1 FEE 06-Dec-96 0.608952 7.647286 0.07963 0.07
2 FEE 06-Dec-97 0.608952 9.171615 0.06640 0.07
3 FEE 31-Dec-97 0.608952 9.376453 0.06494 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.376453 145.01097 1359.6886
2.070
FORMULA: 1000*(1+T)= 1359.6886
= 1308.688639
T = 13.88%
R = 30.87%
AIM II Diversified Income
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 8.115809 123.21630
1 FEE 06-Dec-96 0.608952 8.833016 0.06894 0.07
2 FEE 06-Dec-97 0.608952 9.567217 0.06365 0.07
3 FEE 31-Dec-97 0.608952 9.636499 0.06319 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.636499 123.02052 1185.4870
2.070
FORMULA: 1000*(1+T)= 1185.4870
= 1134.487047
T = 6.29%
R = 13.45%
AIM II Government Securities
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 8.953792 111.68452
1 FEE 06-Dec-96 0.608952 9.165075 0.06644 0.07
2 FEE 06-Dec-97 0.608952 9.692083 0.06283 0.07
3 FEE 31-Dec-97 0.608952 9.771469 0.06232 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.771469 111.49293 1089.4497
2.070
FORMULA: 1000*(1+T)= 1089.4497
= 1038.449693
T = 1.84%
R = 3.84%
AIM II Money Market
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.094606 109.95528
1 FEE 06-Dec-96 0.608952 9.435698 0.06454 0.07
2 FEE 06-Dec-97 0.608952 9.809256 0.06208 0.07
3 FEE 31-Dec-97 0.608952 9.836603 0.06191 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.836603 109.76676 1079.7321
2.070
FORMULA: 1000*(1+T)= 1079.7321
= 1028.732074
T = 1.38%
R = 2.87%
AIM II Balanced
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.070079 99.30409
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II High Yield
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 9.930282 100.70208
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Capital Development
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.797954 92.61014
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Aggressive Growth
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.740024 93.10966
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
</TABLE>
<PAGE>
Inception - Adjusted Historical
<TABLE>
<CAPTION>
AIM II Capital Appreciation
05-May-93
TO NO. YEARS 4.657
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.439086 225.27162
1 FEE 05-May-94 0.608952 5.250752 0.11597 0.07
2 FEE 05-May-95 0.608952 5.872190 0.10370 0.07
3 FEE 05-May-96 0.608952 7.970322 0.07640 0.06
4 FEE 05-May-97 0.608952 8.381849 0.07265 0.06
5 FEE 31-Dec-97 0.608952 9.353830 0.06510 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.353830 224.83779 2103.0944
4.657
FORMULA: 1000*(1+T)= 2103.0944
= 2060.594392
T = 16.79%
R = 106.06%
AIM II Growth
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.305602 232.25557
1 FEE 05-May-94 0.608952 4.537767 0.13420 0.07
2 FEE 05-May-95 0.608952 5.088251 0.11968 0.07
3 FEE 05-May-96 0.608952 6.445203 0.09448 0.06
4 FEE 05-May-97 0.608952 7.612380 0.07999 0.06
5 FEE 31-Dec-97 0.608952 8.913461 0.06832 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.913461 231.75890 2065.7739
4.657
FORMULA: 1000*(1+T)= 2065.7739
= 2023.273853
T = 16.34%
R = 102.33%
AIM II International Equity
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 5.062981 197.51209
1 FEE 05-May-94 0.608952 5.888947 0.10341 0.07
2 FEE 05-May-95 0.608952 6.106624 0.09972 0.07
3 FEE 05-May-96 0.608952 7.338182 0.08298 0.06
4 FEE 05-May-97 0.608952 8.128373 0.07492 0.06
5 FEE 31-Dec-97 0.608952 8.469010 0.07190 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.469010 197.07916 1669.0654
4.657
FORMULA: 1000*(1+T)= 1669.0654
= 1626.565375
T = 11.01%
R = 62.66%
AIM II Value
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.077245 245.26366
1 FEE 05-May-94 0.608952 4.751553 0.12816 0.07
2 FEE 05-May-95 0.608952 5.388795 0.11300 0.07
3 FEE 05-May-96 0.608952 6.512527 0.09350 0.06
4 FEE 05-May-97 0.608952 7.860194 0.07747 0.06
5 FEE 31-Dec-97 0.608952 8.969655 0.06789 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.969655 244.78363 2195.6247
4.657
FORMULA: 1000*(1+T)= 2195.6247
= 2153.124689
T = 17.90%
R = 115.31%
AIM II Growth & Income
02-May-94
TO NO. YEARS 3.666
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 02-May-94 1000.00 4.772414 209.53758
1 FEE 02-May-95 0.608952 5.287130 0.11518 0.07
2 FEE 02-May-96 0.608952 6.618305 0.09201 0.07
3 FEE 02-May-97 0.608952 7.886722 0.07721 0.06
4 FEE 31-Dec-97 0.608952 9.251906 0.06582 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.251906 209.18736 1935.3817
3.666
FORMULA: 1000*(1+T)= 1935.3817
= 1884.381747
T = 18.87%
R = 88.44%
AIM II Global Utilities
02-May-94
TO NO. YEARS 3.666
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 02-May-94 1000.00 5.820606 171.80341
1 FEE 02-May-95 0.608952 5.924131 0.10279 0.07
2 FEE 02-May-96 0.608952 6.987378 0.08715 0.07
3 FEE 02-May-97 0.608952 7.876671 0.07731 0.06
4 FEE 31-Dec-97 0.608952 9.376453 0.06494 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.376453 171.47121 1607.7918
3.666
FORMULA: 1000*(1+T)= 1607.7918
= 1556.791836
T = 12.83%
R = 55.68%
AIM II Diversified Income
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 7.022339 142.40270
1 FEE 05-May-94 0.608952 7.030878 0.08661 0.07
2 FEE 05-May-95 0.608952 7.539582 0.08077 0.07
3 FEE 05-May-96 0.608952 8.084751 0.07532 0.06
4 FEE 05-May-97 0.608952 8.898962 0.06843 0.06
5 FEE 31-Dec-97 0.608952 9.636499 0.06319 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.636499 142.02838 1368.6563
4.657
FORMULA: 1000*(1+T)= 1368.6563
= 1326.156308
T = 6.25%
R = 32.62%
AIM II Government Securities
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 8.069874 123.91768
1 FEE 05-May-94 0.608952 7.932682 0.07676 0.07
2 FEE 05-May-95 0.608952 8.416911 0.07235 0.07
3 FEE 05-May-96 0.608952 8.685498 0.07011 0.06
4 FEE 05-May-97 0.608952 9.201566 0.06618 0.06
5 FEE 31-Dec-97 0.608952 9.771469 0.06232 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.771469 123.56995 1207.4600
4.657
FORMULA: 1000*(1+T)= 1207.4600
= 1164.959988
T = 3.33%
R = 16.50%
AIM II Money Market
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.094606 109.95528
1 FEE 06-Dec-96 0.608952 9.435698 0.06454 0.07
2 FEE 06-Dec-97 0.608952 9.809256 0.06208 0.07
3 FEE 31-Dec-97 0.608952 9.836603 0.06191 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.836603 109.76676 1079.7321
2.070
FORMULA: 1000*(1+T)= 1079.7321
= 1028.732074
T = 1.38%
R = 2.87%
AIM II Balanced
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.070079 99.30409
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II High Yield
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 9.930282 100.70208
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Capital Development
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.797954 92.61014
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Aggressive Growth
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.740024 93.10966
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
</TABLE>
<PAGE>
Non-Standardized
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Today 12/31/97 11/28/97 12/31/96 12/31/96 12/29/95 12/31/94
One Month Ago 11/28/97
End of last year 12/31/96
One year Ago 12/31/96
Two Years Ago 12/29/95
Three Years ago 12/31/94
AUVS
Today One Month Ago End of last year One year Ago Two Years Ago Three Years ago Inception
------------------------------------------------------------------------------------------------------------
AIM II CAP 9.353830 9.450576 8.332034 8.332034 7.164978 5.338763 4.439086
AIM II GROW 8.913461 8.854773 7.103426 7.103426 6.082137 4.562784 4.305602
AIM II INTL 8.469010 8.397632 8.007322 8.007322 6.743944 5.815880 5.062981
AIM II VALUE 8.969655 8.920122 7.331975 7.331975 6.445215 4.782640 4.077245
AIM II G&I 9.251906 9.219151 7.440531 7.440531 6.272211 4.737283 4.772414
AIM II GUTL 9.376453 9.025977 7.793896 7.793896 7.031806 5.609426 5.820606
AIM II DINC 9.636499 9.543625 8.906681 8.906681 8.172642 6.942319 7.022339
AIM II GOV 9.771469 9.675802 9.134484 9.134484 9.029208 7.899435 8.069874
AIM II MM 9.836603 9.801716 9.459046 9.459046 9.117877 #N/A 9.094606
AIM II BAL #N/A #N/A #N/A #N/A #N/A #N/A 10.070079
AIM II HY #N/A #N/A #N/A #N/A #N/A #N/A 9.930282
AIM II CAPD #N/A #N/A #N/A #N/A #N/A #N/A 10.797954
AIM II AGG #N/A #N/A #N/A #N/A #N/A #N/A 10.740024
Returns
MTD YTD One Year Three Year Tot. 3 Yr. AVG Inception Tot. Inception AVG
--- --- -------- --------------- --------- -------------- -------------
AIM II CAP -1.02% 12.26% 12.26% 75.21% 20.55% 110.72% 17.36%
AIM II GROW 0.66% 25.48% 25.48% 95.35% 25.01% 107.02% 16.91%
AIM II INTL 0.85% 5.77% 5.77% 45.62% 13.35% 67.27% 11.68%
AIM II VALUE 0.56% 22.34% 22.34% 87.55% 23.32% 119.99% 18.45%
AIM II G&I 0.36% 24.34% 24.34% 95.30% 25.00% 93.86% 19.79%
AIM II GUTL 3.88% 20.31% 20.31% 67.16% 18.68% 61.09% 13.89%
AIM II DINC 0.97% 8.19% 8.19% 38.81% 11.55% 37.23% 7.03%
AIM II GOV 0.99% 6.97% 6.97% 23.70% 7.35% 21.09% 4.19%
AIM II MM 0.36% 3.99% 3.99% #N/A #N/A 8.16% 3.86%
AIM II BAL #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II HY #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II CAPD #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II AGG #N/A #N/A #N/A #N/A #N/A #N/A #N/A
</TABLE>
<PAGE>
(WITH OPTIONAL ENHANCED DEATH BENEFIT RIDER)
1yr ago: 12/31/96
Date: 12/31/97
<TABLE>
<CAPTION>
AIM II MM
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 9.485929 105.41930
1 FEE 31-Dec-97 0.608952 9.844852 0.06185 0.07
RESULTING VALUE 31-Dec-97 9.844852 105.35745 1037.2285
1.000
FORMULA: 1000*(1+T)= 1037.2285
= 974.228533
T = -2.58% 3.72%
R = -2.58%
AIM II GOV
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 9.160441 109.16504
1 FEE 31-Dec-97 0.608952 9.779663 0.06227 0.07
RESULTING VALUE 31-Dec-97 9.779663 109.10278 1066.9884
1.000
FORMULA: 1000*(1+T)= 1066.9884
= 1003.988394
T = 0.40% 6.70%
R = 0.40%
AIM II DINC
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.931990 111.95713
1 FEE 31-Dec-97 0.608952 9.644578 0.06314 0.07
RESULTING VALUE 31-Dec-97 9.644578 111.89399 1079.1704
1.000
FORMULA: 1000*(1+T)= 1079.1704
= 1016.170393
T = 1.62% 7.92%
R = 1.62%
AIM II GUTL
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.816035 127.94211
1 FEE 31-Dec-97 0.608952 9.384315 0.06489 0.07
RESULTING VALUE 31-Dec-97 9.384315 127.87722 1200.0401
1.000
FORMULA: 1000*(1+T)= 1200.0401
= 1137.040115
T = 13.70% 20.00%
R = 13.70%
AIM II GI
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.461666 134.01834
1 FEE 31-Dec-97 0.608952 9.259661 0.06576 0.07
RESULTING VALUE 31-Dec-97 9.259661 133.95257 1240.3554
1.000
FORMULA: 1000*(1+T)= 1240.3554
= 1177.355396
T = 17.74% 24.04%
R = 17.74%
AIM II VALUE
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.352802 136.00258
1 FEE 31-Dec-97 0.608952 8.977173 0.06783 0.07
RESULTING VALUE 31-Dec-97 8.977173 135.93474 1220.3097
1.000
FORMULA: 1000*(1+T)= 1220.3097
= 1157.309712
T = 15.73% 22.03%
R = 15.73%
AIM II INTL
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.030070 124.53192
1 FEE 31-Dec-97 0.608952 8.476101 0.07184 0.07
RESULTING VALUE 31-Dec-97 8.476101 124.46008 1054.9362
1.000
FORMULA: 1000*(1+T)= 1054.9362
= 991.9361942
T = -0.81% 5.49%
R = -0.81%
AIM II GROW
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.123603 140.37841
1 FEE 31-Dec-97 0.608952 8.920932 0.06826 0.07
RESULTING VALUE 31-Dec-97 8.920932 140.31015 1251.6972
1.000
FORMULA: 1000*(1+T)= 1251.6972
= 1188.697226
T = 18.87% 25.17%
R = 18.87%
AIM II CAP
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.355716 119.67856
1 FEE 31-Dec-97 0.608952 9.361677 0.06505 0.07
RESULTING VALUE 31-Dec-97 9.361677 119.61351 1119.7831
1.000
FORMULA: 1000*(1+T)= 1119.7831
= 1056.783056
T = 5.68% 11.98%
R = 5.68%
AIM II BALANCED
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II HIGH YIELD
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II CAPITAL DEVELOPMENT
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II AGGRESSIVE GROWTH
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Inception - Standardized
AIM II Capital Appreciation
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 7.325995 136.50022
1 FEE 06-Dec-96 0.608952 8.462088 0.07196 0.07
2 FEE 06-Dec-97 0.608952 9.717048 0.06267 0.07
3 FEE 31-Dec-97 0.608952 9.361677 0.06505 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.361677 136.30054 1276.0017
2.070
FORMULA: 1000*(1+T)= 1276.0017
= 1225.001692
T = 10.30%
R = 22.50%
AIM II Growth
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.202603 161.22263
1 FEE 06-Dec-96 0.608952 7.212622 0.08443 0.07
2 FEE 06-Dec-97 0.608952 9.125805 0.06673 0.07
3 FEE 31-Dec-97 0.608952 8.920932 0.06826 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.920932 161.00322 1436.2987
2.070
FORMULA: 1000*(1+T)= 1436.2987
= 1385.298693
T = 17.05%
R = 38.53%
AIM II International Equity
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.707204 149.09343
1 FEE 06-Dec-96 0.608952 7.772878 0.07834 0.07
2 FEE 06-Dec-97 0.608952 8.656271 0.07035 0.07
3 FEE 31-Dec-97 0.608952 8.476101 0.07184 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.476101 148.87289 1261.8617
2.070
FORMULA: 1000*(1+T)= 1261.8617
= 1210.861665
T = 9.68%
R = 21.09%
AIM II Value
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.619343 151.07240
1 FEE 06-Dec-96 0.608952 7.224196 0.08429 0.07
2 FEE 06-Dec-97 0.608952 9.226234 0.06600 0.07
3 FEE 31-Dec-97 0.608952 8.977173 0.06783 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.977173 150.85427 1354.2449
2.070
FORMULA: 1000*(1+T)= 1354.2449
= 1303.244891
T = 13.65%
R = 30.32%
AIM II Growth & Income
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.367922 157.03710
1 FEE 06-Dec-96 0.608952 7.424528 0.08202 0.07
2 FEE 06-Dec-97 0.608952 9.500941 0.06409 0.07
3 FEE 31-Dec-97 0.608952 9.259661 0.06576 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.259661 156.82522 1452.1484
2.070
FORMULA: 1000*(1+T)= 1452.1484
= 1401.148358
T = 17.70%
R = 40.11%
AIM II Global Utilities
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.920343 144.50151
1 FEE 06-Dec-96 0.608952 7.670056 0.07939 0.07
2 FEE 06-Dec-97 0.608952 9.180610 0.06633 0.07
3 FEE 31-Dec-97 0.608952 9.384315 0.06489 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.384315 144.29089 1354.0712
2.070
FORMULA: 1000*(1+T)= 1354.0712
= 1303.071221
T = 13.64%
R = 30.31%
AIM II Diversified Income
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 8.156278 122.60494
1 FEE 06-Dec-96 0.608952 8.859325 0.06874 0.07
2 FEE 06-Dec-97 0.608952 9.576602 0.06359 0.07
3 FEE 31-Dec-97 0.608952 9.644578 0.06314 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.644578 122.40948 1180.5878
2.070
FORMULA: 1000*(1+T)= 1180.5878
= 1129.587793
T = 6.06%
R = 12.96%
AIM II Government Securities
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 8.998445 111.13032
1 FEE 06-Dec-96 0.608952 9.192374 0.06625 0.07
2 FEE 06-Dec-97 0.608952 9.701592 0.06277 0.07
3 FEE 31-Dec-97 0.608952 9.779663 0.06227 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.779663 110.93904 1084.9464
2.070
FORMULA: 1000*(1+T)= 1084.9464
= 1033.946396
T = 1.63%
R = 3.39%
AIM II Money Market
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.139962 109.40964
1 FEE 06-Dec-96 0.608952 9.463808 0.06435 0.07
2 FEE 06-Dec-97 0.608952 9.818880 0.06202 0.07
3 FEE 31-Dec-97 0.608952 9.844852 0.06185 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.844852 109.22142 1075.2688
2.070
FORMULA: 1000*(1+T)= 1075.2688
= 1024.268786
T = 1.17%
R = 2.43%
AIM II Balanced
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.071847 99.28666
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II High Yield
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 9.932022 100.68443
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Capital Development
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.799859 92.59380
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Aggressive Growth
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.741918 93.09325
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
</TABLE>
<PAGE>
Inception - Adjusted Historical
<TABLE>
<CAPTION>
AIM II Capital Appreciation
05-May-93
TO NO. YEARS 4.657
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.484376 222.99644
1 FEE 05-May-94 0.608952 5.293732 0.11503 0.07
2 FEE 05-May-95 0.608952 5.908431 0.10306 0.07
3 FEE 05-May-96 0.608952 8.003560 0.07609 0.06
4 FEE 05-May-97 0.608952 8.399912 0.07250 0.06
5 FEE 31-Dec-97 0.608952 9.361677 0.06505 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.361677 222.56472 2083.5790
4.657
FORMULA: 1000*(1+T)= 2083.5790
= 2041.079024
T = 16.56%
R = 104.11%
AIM II Growth
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.349521 229.91037
1 FEE 05-May-94 0.608952 4.574899 0.13311 0.07
2 FEE 05-May-95 0.608952 5.119641 0.11894 0.07
3 FEE 05-May-96 0.608952 6.472065 0.09409 0.06
4 FEE 05-May-97 0.608952 7.628777 0.07982 0.06
5 FEE 31-Dec-97 0.608952 8.920932 0.06826 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.920932 229.41614 2046.6057
4.657
FORMULA: 1000*(1+T)= 2046.6057
= 2004.105732
T = 16.10%
R = 100.41%
AIM II International Equity
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 5.114631 195.51753
1 FEE 05-May-94 0.608952 5.937139 0.10257 0.07
2 FEE 05-May-95 0.608952 6.144297 0.09911 0.07
3 FEE 05-May-96 0.608952 7.368763 0.08264 0.06
4 FEE 05-May-97 0.608952 8.145883 0.07476 0.06
5 FEE 31-Dec-97 0.608952 8.476101 0.07184 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.476101 195.08662 1653.5739
4.657
FORMULA: 1000*(1+T)= 1653.5739
= 1611.07386
T = 10.78%
R = 61.11%
AIM II Value
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.118831 242.78735
1 FEE 05-May-94 0.608952 4.790433 0.12712 0.07
2 FEE 05-May-95 0.608952 5.422038 0.11231 0.07
3 FEE 05-May-96 0.608952 6.539665 0.09312 0.06
4 FEE 05-May-97 0.608952 7.877127 0.07731 0.06
5 FEE 31-Dec-97 0.608952 8.977173 0.06783 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.977173 242.30967 2175.2558
4.657
FORMULA: 1000*(1+T)= 2175.2558
= 2132.75583
T = 17.66%
R = 113.28%
AIM II Growth & Income
02-May-94
TO NO. YEARS 3.666
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 02-May-94 1000.00 4.811543 207.83355
1 FEE 02-May-95 0.608952 5.319832 0.11447 0.07
2 FEE 02-May-96 0.608952 6.645922 0.09163 0.07
3 FEE 02-May-97 0.608952 7.903839 0.07705 0.06
4 FEE 31-Dec-97 0.608952 9.259661 0.06576 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.259661 207.48465 1921.2375
3.666
FORMULA: 1000*(1+T)= 1921.2375
= 1870.237505
T = 18.62%
R = 87.02%
AIM II Global Utilities
02-May-94
TO NO. YEARS 3.666
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 02-May-94 1000.00 5.868337 170.40604
1 FEE 02-May-95 0.608952 5.960776 0.10216 0.07
2 FEE 02-May-96 0.608952 7.016536 0.08679 0.07
3 FEE 02-May-97 0.608952 7.893767 0.07714 0.06
4 FEE 31-Dec-97 0.608952 9.384315 0.06489 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.384315 170.07505 1596.0379
3.666
FORMULA: 1000*(1+T)= 1596.0379
= 1545.0379
T = 12.60%
R = 54.50%
AIM II Diversified Income
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 7.093982 140.96455
1 FEE 05-May-94 0.608952 7.088417 0.08591 0.07
2 FEE 05-May-95 0.608952 7.586102 0.08027 0.07
3 FEE 05-May-96 0.608952 8.118448 0.07501 0.06
4 FEE 05-May-97 0.608952 8.918139 0.06828 0.06
5 FEE 31-Dec-97 0.608952 9.644578 0.06314 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.644578 140.59194 1355.9499
4.657
FORMULA: 1000*(1+T)= 1355.9499
= 1313.449942
T = 6.03%
R = 31.34%
AIM II Government Securities
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 8.152216 122.66604
1 FEE 05-May-94 0.608952 7.997611 0.07614 0.07
2 FEE 05-May-95 0.608952 8.468850 0.07190 0.07
3 FEE 05-May-96 0.608952 8.721702 0.06982 0.06
4 FEE 05-May-97 0.608952 9.221397 0.06604 0.06
5 FEE 31-Dec-97 0.608952 9.779663 0.06227 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.779663 122.31987 1196.2471
4.657
FORMULA: 1000*(1+T)= 1196.2471
= 1153.747072
T = 3.12%
R = 15.37%
AIM II Money Market
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.139962 109.40964
1 FEE 06-Dec-96 0.608952 9.463808 0.06435 0.07
2 FEE 06-Dec-97 0.608952 9.818880 0.06202 0.07
3 FEE 31-Dec-97 0.608952 9.844852 0.06185 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.844852 109.22142 1075.2688
2.070
FORMULA: 1000*(1+T)= 1075.2688
= 1024.268786
T = 1.17%
R = 2.43%
AIM II Balanced
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.071847 99.28666
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II High Yield
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 9.932022 100.68443
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Capital Development
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.799859 92.59380
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
AIM II Aggressive Growth
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.741918 93.09325
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
-0.331
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A
R = #N/A
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Non-Standardized
<S> <C> <C> <C> <C> <C> <C> <C>
Today 12/31/97 11/28/97 12/31/96 12/31/96 12/29/95 12/31/94
One Month Ago 11/28/97
End of last year 12/31/96
One year Ago 12/31/96
Two Years Ago 12/29/95
Three Years ago 12/31/94
AUVS
Today One Month Ago End of last year One year Ago Two Years Ago Three Years ago Inception
-----------------------------------------------------------------------------------------------------------
AIM II CAP 9.361677 9.460211 8.355716 8.355716 7.199809 5.375420 4.484376
AIM II GROW 8.920932 8.863793 7.123603 7.123603 6.111690 4.594102 4.349521
AIM II INTL 8.476101 8.406180 8.030070 8.030070 6.776710 5.855799 5.114631
AIM II VALUE 8.977173 8.929209 7.352802 7.352802 6.476531 4.815463 4.118831
AIM II G&I 9.259661 9.228543 7.461666 7.461666 6.302685 4.769794 4.811543
AIM II GUTL 9.384315 9.035174 7.816035 7.816035 7.065975 5.647928 5.868337
AIM II DINC 9.644578 9.553353 8.931990 8.931990 8.212360 6.989974 7.093982
AIM II GOV 9.779663 9.685666 9.160441 9.160441 9.073093 7.953667 8.152216
AIM II MM 9.844852 9.811709 9.485929 9.485929 9.162195 #N/A 9.139962
AIM II BAL #N/A #N/A #N/A #N/A #N/A #N/A 10.071847
AIM II HY #N/A #N/A #N/A #N/A #N/A #N/A 9.932022
AIM II CAPD #N/A #N/A #N/A #N/A #N/A #N/A 10.799859
AIM II AGG #N/A #N/A #N/A #N/A #N/A #N/A 10.741918
Returns
MTD YTD One Year Three Year Tot. 3 Yr. AVG Inception Tot. Inception AVG
--- --- -------- --------------- --------- -------------- -------------
AIM II CAP -1.04% 12.04% 12.04% 74.16% 20.31% 108.76% 17.12%
AIM II GROW 0.64% 25.23% 25.23% 94.18% 24.76% 105.10% 16.68%
AIM II INTL 0.83% 5.55% 5.55% 44.75% 13.12% 65.72% 11.46%
AIM II VALUE 0.54% 22.09% 22.09% 86.42% 23.07% 117.95% 18.21%
AIM II G&I 0.34% 24.10% 24.10% 94.13% 24.75% 92.45% 19.55%
AIM II GUTL 3.86% 20.06% 20.06% 66.16% 18.44% 59.91% 13.66%
AIM II DINC 0.95% 7.98% 7.98% 37.98% 11.33% 35.95% 6.82%
AIM II GOV 0.97% 6.76% 6.76% 22.96% 7.13% 19.96% 3.99%
AIM II MM 0.34% 3.78% 3.78% #N/A #N/A 7.71% 3.65%
AIM II BAL #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II HY #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II CAPD #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II AGG #N/A #N/A #N/A #N/A #N/A #N/A #N/A
</TABLE>
<PAGE>
(WITH OPTIONAL ENHANCED DEATH AND INCOME BENEFIT COMBINATION RIDER)
One Year
1yr ago: 12/31/96
Date: 12/31/97
<TABLE>
<CAPTION>
AIM II MM
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 9.512889 105.12054
1 FEE 31-Dec-97 0.608952 9.853109 0.06180 0.07
RESULTING VALUE 31-Dec-97 9.853109 105.05874 1035.1552
1.000
FORMULA: 1000*(1+T)= 1035.1552
= 972.1551543
T = -2.78% 3.52%
R = -2.78%
AIM II GOV
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 9.186472 108.85571
1 FEE 31-Dec-97 0.608952 9.787864 0.06221 0.07
RESULTING VALUE 31-Dec-97 9.787864 108.79350 1064.8559
1.000
FORMULA: 1000*(1+T)= 1064.8559
= 1001.855934
T = 0.19% 6.49%
R = 0.19%
AIM II DINC
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.957371 111.63990
1 FEE 31-Dec-97 0.608952 9.652665 0.06309 0.07
RESULTING VALUE 31-Dec-97 9.652665 111.57681 1077.0136
1.000
FORMULA: 1000*(1+T)= 1077.0136
= 1014.013555
T = 1.40% 7.70%
R = 1.40%
AIM II GUTL
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.838237 127.57970
1 FEE 31-Dec-97 0.608952 9.392184 0.06484 0.07
RESULTING VALUE 31-Dec-97 9.392184 127.51487 1197.6430
1.000
FORMULA: 1000*(1+T)= 1197.6430
= 1134.643036
T = 13.46% 19.76%
R = 13.46%
AIM II GI
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.482861 133.63873
1 FEE 31-Dec-97 0.608952 9.267423 0.06571 0.07
RESULTING VALUE 31-Dec-97 9.267423 133.57302 1237.8777
1.000
FORMULA: 1000*(1+T)= 1237.8777
= 1174.877663
T = 17.49% 23.79%
R = 17.49%
AIM II VALUE
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.373688 135.61735
1 FEE 31-Dec-97 0.608952 8.984698 0.06778 0.07
RESULTING VALUE 31-Dec-97 8.984698 135.54957 1217.8719
1.000
FORMULA: 1000*(1+T)= 1217.8719
= 1154.871938
T = 15.49% 21.79%
R = 15.49%
AIM II INTL
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.052882 124.17914
1 FEE 31-Dec-97 0.608952 8.483198 0.07178 0.07
RESULTING VALUE 31-Dec-97 8.483198 124.10736 1052.8273
1.000
FORMULA: 1000*(1+T)= 1052.8273
= 989.8272569
T = -1.02% 5.28%
R = -1.02%
AIM II GROW
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 7.143837 139.98081
1 FEE 31-Dec-97 0.608952 8.928409 0.06820 0.07
RESULTING VALUE 31-Dec-97 8.928409 139.91260 1249.1969
1.000
FORMULA: 1000*(1+T)= 1249.1969
= 1186.19695
T = 18.62% 24.92%
R = 18.62%
AIM II CAP
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 8.379465 119.33936
1 FEE 31-Dec-97 0.608952 9.369531 0.06499 0.07
RESULTING VALUE 31-Dec-97 9.369531 119.27437 1117.5449
1.000
FORMULA: 1000*(1+T)= 1117.5449
= 1054.544933
T = 5.45% 11.75%
R = 5.45%
AIM II BALANCED
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II HIGH YIELD
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II CAPITAL DEVELOPMENT
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
AIM II AGGRESSIVE GROWTH
31-Dec-96
TO NO. YEARS 1.000
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 31-Dec-96 1000.00 #N/A #N/A
1 FEE 31-Dec-97 0.608952 #N/A #N/A 0.07
RESULTING VALUE 31-Dec-97 #N/A #N/A #N/A
1.000
FORMULA: 1000*(1+T)= #N/A
= #N/A
T = #N/A #N/A
R = #N/A
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Inception - Standardized
AIM II Capital Appreciation
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 7.362539 135.82270
1 FEE 06-Dec-96 0.608952 8.487300 0.07175 0.07
2 FEE 06-Dec-97 0.608952 9.726585 0.06261 0.07
3 FEE 31-Dec-97 0.608952 9.369531 0.06499 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.369531 135.62335 1270.7273
2.070
FORMULA: 1000*(1+T)= 1270.7273
= 1219.727254
T = 10.07%
R = 21.97%
AIM II Growth
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.233528 160.42279
1 FEE 06-Dec-96 0.608952 7.234098 0.08418 0.07
2 FEE 06-Dec-97 0.608952 9.134754 0.06666 0.07
3 FEE 31-Dec-97 0.608952 8.928409 0.06820 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.928409 160.20374 1430.3645
2.070
FORMULA: 1000*(1+T)= 1430.3645
= 1379.364544
T = 16.81%
R = 37.94%
AIM II International Equity
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.740641 148.35383
1 FEE 06-Dec-96 0.608952 7.796022 0.07811 0.07
2 FEE 06-Dec-97 0.608952 8.664753 0.07028 0.07
3 FEE 31-Dec-97 0.608952 8.483198 0.07178 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.483198 148.13366 1256.6471
2.070
FORMULA: 1000*(1+T)= 1256.6471
= 1205.64713
T = 9.46%
R = 20.56%
AIM II Value
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.652345 150.32293
1 FEE 06-Dec-96 0.608952 7.245705 0.08404 0.07
2 FEE 06-Dec-97 0.608952 9.235283 0.06594 0.07
3 FEE 31-Dec-97 0.608952 8.984698 0.06778 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.984698 150.10517 1348.6496
2.070
FORMULA: 1000*(1+T)= 1348.6496
= 1297.649595
T = 13.41%
R = 29.76%
AIM II Growth & Income
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.399669 156.25808
1 FEE 06-Dec-96 0.608952 7.446635 0.08178 0.07
2 FEE 06-Dec-97 0.608952 9.510259 0.06403 0.07
3 FEE 31-Dec-97 0.608952 9.267423 0.06571 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.267423 156.04656 1446.1494
2.070
FORMULA: 1000*(1+T)= 1446.1494
= 1395.149443
T = 17.45%
R = 39.51%
AIM II Global Utilities
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 6.954846 143.78464
1 FEE 06-Dec-96 0.608952 7.692893 0.07916 0.07
2 FEE 06-Dec-97 0.608952 9.189614 0.06627 0.07
3 FEE 31-Dec-97 0.608952 9.392184 0.06484 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.392184 143.57438 1348.4769
2.070
FORMULA: 1000*(1+T)= 1348.4769
= 1297.476927
T = 13.41%
R = 29.75%
AIM II Diversified Income
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 8.196949 121.99661
1 FEE 06-Dec-96 0.608952 8.885713 0.06853 0.07
2 FEE 06-Dec-97 0.608952 9.585997 0.06353 0.07
3 FEE 31-Dec-97 0.608952 9.652665 0.06309 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.652665 121.80146 1175.7087
2.070
FORMULA: 1000*(1+T)= 1175.7087
= 1124.708712
T = 5.84%
R = 12.47%
AIM II Government Securities
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.043320 110.57886
1 FEE 06-Dec-96 0.608952 9.219755 0.06605 0.07
2 FEE 06-Dec-97 0.608952 9.711111 0.06271 0.07
3 FEE 31-Dec-97 0.608952 9.787864 0.06221 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.787864 110.38789 1080.4616
2.070
FORMULA: 1000*(1+T)= 1080.4616
= 1029.461643
T = 1.41%
R = 2.95%
AIM II Money Market
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.185545 108.86670
1 FEE 06-Dec-96 0.608952 9.492001 0.06415 0.07
2 FEE 06-Dec-97 0.608952 9.828515 0.06196 0.07
3 FEE 31-Dec-97 0.608952 9.853109 0.06180 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.853109 108.67879 1070.8239
2.070
FORMULA: 1000*(1+T)= 1070.8239
= 1019.823879
T = 0.95%
R = 1.98%
AIM II Balanced
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.073615 99.26923
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A #N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
AIM II High Yield
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 9.933763 100.66678
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
AIM II Capital Development
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.801763 92.57748
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
AIM II Aggressive Growth
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.743812 93.07684
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Inception - Adjusted Historical
AIM II Capital Appreciation
05-May-93
TO NO. YEARS 4.657
31-Dec-97
<S> <C> <C> <C> <C> <C> <C> <C>
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.530130 220.74422
1 FEE 05-May-94 0.608952 5.337065 0.11410 0.07
2 FEE 05-May-95 0.608952 5.944896 0.10243 0.07
3 FEE 05-May-96 0.608952 8.036937 0.07577 0.06
4 FEE 05-May-97 0.608952 8.418014 0.07234 0.06
5 FEE 31-Dec-97 0.608952 9.369531 0.06499 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.369531 220.31459 2064.2444
4.657
FORMULA: 1000*(1+T)= 2064.2444
= 2021.744399
T = 16.32%
R = 102.17%
AIM II Growth
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.393889 227.58882
1 FEE 05-May-94 0.608952 4.612336 0.13203 0.07
2 FEE 05-May-95 0.608952 5.151225 0.11821 0.07
3 FEE 05-May-96 0.608952 6.499039 0.09370 0.06
4 FEE 05-May-97 0.608952 7.645209 0.07965 0.06
5 FEE 31-Dec-97 0.608952 8.928409 0.06820 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.928409 227.09702 2027.6151
4.657
FORMULA: 1000*(1+T)= 2027.6151
= 1985.115119
T = 15.86%
R = 98.51%
AIM II International Equity
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 5.166808 193.54310
1 FEE 05-May-94 0.608952 5.985726 0.10173 0.07
2 FEE 05-May-95 0.608952 6.182203 0.09850 0.07
3 FEE 05-May-96 0.608952 7.399473 0.08230 0.06
4 FEE 05-May-97 0.608952 8.163432 0.07460 0.06
5 FEE 31-Dec-97 0.608952 8.483198 0.07178 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.483198 193.11419 1638.2258
4.657
FORMULA: 1000*(1+T)= 1638.2258
= 1595.725832
T = 10.56%
R = 59.57%
AIM II Value
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 4.160841 240.33602
1 FEE 05-May-94 0.608952 4.829631 0.12609 0.07
2 FEE 05-May-95 0.608952 5.455486 0.11162 0.07
3 FEE 05-May-96 0.608952 6.566917 0.09273 0.06
4 FEE 05-May-97 0.608952 7.894097 0.07714 0.06
5 FEE 31-Dec-97 0.608952 8.984698 0.06778 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 8.984698 239.86066 2155.0756
4.657
FORMULA: 1000*(1+T)= 2155.0756
= 2112.575571
T = 17.42%
R = 111.26%
AIM II Growth & Income
02-May-94
TO NO. YEARS 3.666
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 02-May-94 1000.00 4.850993 206.14337
1 FEE 02-May-95 0.608952 5.352737 0.11376 0.07
2 FEE 02-May-96 0.608952 6.673654 0.09125 0.07
3 FEE 02-May-97 0.608952 7.920992 0.07688 0.06
4 FEE 31-Dec-97 0.608952 9.267423 0.06571 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.267423 205.79577 1907.1964
3.666
FORMULA: 1000*(1+T)= 1907.1964
= 1856.196406
T = 18.38%
R = 85.62%
AIM II Global Utilities
02-May-94
TO NO. YEARS 3.666
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 02-May-94 1000.00 5.916459 169.02001
1 FEE 02-May-95 0.608952 5.997647 0.10153 0.07
2 FEE 02-May-96 0.608952 7.045816 0.08643 0.07
3 FEE 02-May-97 0.608952 7.910900 0.07698 0.06
4 FEE 31-Dec-97 0.608952 9.392184 0.06484 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.392184 168.69024 1584.3697
3.666
FORMULA: 1000*(1+T)= 1584.3697
= 1533.369692
T = 12.37%
R = 53.34%
AIM II Diversified Income
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 7.166358 139.54090
1 FEE 05-May-94 0.608952 7.146427 0.08521 0.07
2 FEE 05-May-95 0.608952 7.632911 0.07978 0.07
3 FEE 05-May-96 0.608952 8.152286 0.07470 0.06
4 FEE 05-May-97 0.608952 8.937357 0.06814 0.06
5 FEE 31-Dec-97 0.608952 9.652665 0.06309 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.652665 139.16999 1343.3613
4.657
FORMULA: 1000*(1+T)= 1343.3613
= 1300.861269
T = 5.81%
R = 30.09%
AIM II Government Securities
05-May-93
TO NO. YEARS 4.657
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 05-May-93 1000.00 8.235399 121.42703
1 FEE 05-May-94 0.608952 8.063072 0.07552 0.07
2 FEE 05-May-95 0.608952 8.521111 0.07146 0.07
3 FEE 05-May-96 0.608952 8.758057 0.06953 0.06
4 FEE 05-May-97 0.608952 9.241271 0.06589 0.06
5 FEE 31-Dec-97 0.608952 9.787864 0.06221 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.787864 121.08240 1185.1380
4.657
FORMULA: 1000*(1+T)= 1185.1380
= 1142.638033
T = 2.90%
R = 14.26%
AIM II Money Market
06-Dec-95
TO NO. YEARS 2.070
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 06-Dec-95 1000.00 9.185545 108.86670
1 FEE 06-Dec-96 0.608952 9.492001 0.06415 0.07
2 FEE 06-Dec-97 0.608952 9.828515 0.06196 0.07
3 FEE 31-Dec-97 0.608952 9.853109 0.06180 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 9.853109 108.67879 1070.8239
2.070
FORMULA: 1000*(1+T)= 1070.8239
= 1019.823879
T = 0.95%
R = 1.98%
AIM II Balanced
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.073615 99.26923
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
AIM II High Yield
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 9.933763 100.66678
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
AIM II Capital Development
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.801763 92.57748
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
AIM II Aggressive Growth
01-May-98
TO NO. YEARS -0.331
31-Dec-97
TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES
0 INIT DEPOSIT 01-May-98 1000.00 10.743812 93.07684
1 FEE 31-Dec-97 0.608952 N/A N/A 0.07
2 FEE N/A 0 N/A 0.00000 0.07
3 FEE N/A 0 N/A 0.00000 0.06
4 FEE N/A 0 N/A 0.00000 0.06
5 FEE N/A 0 N/A 0.00000 0.05
6 FEE N/A 0 N/A 0.00000 0.04
7 FEE N/A 0 N/A 0.00000 0.03
8 FEE N/A 0 N/A 0.00000 0
9 FEE N/A 0 N/A 0.00000 0
10 FEE N/A 0 N/A 0.00000 0
11 FEE N/A 0 N/A 0.00000 0
12 FEE N/A 0 N/A 0.00000 0
13 FEE N/A 0 N/A 0.00000 0
14 FEE N/A 0 N/A 0.00000 0
15 FEE N/A 0 N/A 0.00000 0
RESULTING VALUE 31-Dec-97 N/A N/A N/A
-0.331
FORMULA: 1000*(1+T)= N/A
= N/A
T = N/A
R = N/A
</TABLE>
<PAGE>
Non-Standardized
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Today 12/31/97 11/28/97 12/31/96 12/31/96 12/29/95 12/31/94
One Month Ago 11/28/97
End of last year 12/31/96
One year Ago 12/31/96
Two Years Ago 12/29/95
Three Years ago 12/31/94
</TABLE>
AUVS
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Today One Month Ago End of last year One year Ago Two Years Ago Three Years ago Inception
---------------------------------------------------------------------------------------------------------
AIM II CAP 9.369531 9.469856 8.379465 8.379465 7.234809 5.412329 4.530130
AIM II GROW 8.928409 8.872823 7.143837 7.143837 6.141386 4.625634 4.393889
AIM II INTL 8.483198 8.414737 8.052882 8.052882 6.809637 5.895993 5.166808
AIM II VALUE 8.984698 8.938306 7.373688 7.373688 6.507999 4.848512 4.160841
AIM II G&I 9.267423 9.237945 7.482861 7.482861 6.333307 4.802529 4.850993
AIM II GUTL 9.392184 9.044381 7.838237 7.838237 7.100310 5.686695 5.916459
AIM II DINC 9.652665 9.563091 8.957371 8.957371 8.252271 7.037957 7.166358
AIM II GOV 9.787864 9.695541 9.186472 9.186472 9.117192 8.008272 8.235399
AIM II MM 9.853109 9.821713 9.512889 9.512889 9.206728 #N/A 9.185545
AIM II BAL #N/A #N/A #N/A #N/A #N/A #N/A 10.073615
AIM II HY #N/A #N/A #N/A #N/A #N/A #N/A 9.933763
AIM II CAPD #N/A #N/A #N/A #N/A #N/A #N/A 10.801763
AIM II AGG #N/A #N/A #N/A #N/A #N/A #N/A 10.743812
Returns
MTD YTD One Year Three Year Tot. 3 Yr. AVG Inception Tot. Inception AVG
--- --- -------- --------------- --------- -------------- -------------
AIM II CAP -1.06% 11.82% 11.82% 73.11% 20.07% 106.83% 16.89%
AIM II GROW 0.63% 24.98% 24.98% 93.02% 24.51% 103.20% 16.44%
AIM II INTL 0.81% 5.34% 5.34% 43.88% 12.89% 64.19% 11.23%
AIM II VALUE 0.52% 21.85% 21.85% 85.31% 22.83% 115.93% 17.97%
AIM II G&I 0.32% 23.85% 23.85% 92.97% 24.50% 91.04% 19.31%
AIM II GUTL 3.85% 19.83% 19.83% 65.16% 18.20% 58.75% 13.44%
AIM II DINC 0.94% 7.76% 7.76% 37.15% 11.10% 34.69% 6.60%
AIM II GOV 0.95% 6.55% 6.55% 22.22% 6.92% 18.85% 3.78%
AIM II MM 0.32% 3.58% 3.58% #N/A #N/A 7.27% 3.45%
AIM II BAL #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II HY #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II CAPD #N/A #N/A #N/A #N/A #N/A #N/A #N/A
AIM II AGG #N/A #N/A #N/A #N/A #N/A #N/A #N/A
</TABLE>
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