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					      Average Annual Total Rates of Return for 5 Years Ending December 31, 2006
      Investment Category             Direct Ownership          via Variable Annuity
Cash                                         2.75%                     0.51%
Bonds                                        7.11%                     4.19%
Stocks                                      11.72%                     6.60%

                           Thomson "Investment View" Indices
Direct Ownership of Cash = Index of 180-Day FDIC Insured CDs
Variable Annuity Ownership of Cash = All Money Market Variable Annuities
Direct Ownership of Bonds = Lehman Brothers Long Government Bond Index
Variable Annuity Ownerhsip of Bonds = All Fixed Income Variable Annuities
Direct Ownership of Stocks = Dow Jones World Stock Index
Variable Annuity Ownership of Stocks = All Equity Variable Annuities

         Years Before After-Tax Return on Deferred Annuity Equals After-Tax Return on Direct Investments

                                                   Assumed Combined Federal & State Income Tax Rate
         Investment Category                   15%                     25%
Cash                                           Never                  Never
Bonds                                          Never                  Never
Stocks                                         Never                  Never

To determine how long a variable annuity would need to be held to produce a return as great as holding comparable
investments in a fully taxable account, substitute the appropriate data above where indicated in red below and scroll
down the column labeled "Ratio B/C" to the row where the ratio is less than 1.000. The number in the column labeled
"N" is the required holding period in years.

Rate with Direct Ownership =                   0.1172
Rate via Variable Annuity =                     0.066
Total Fed & State Taxe Rate =                    0.45

                 N                        Not Tax Deferred             Tax Deferred
                  1                                          1.064                    1.036
                  2                                          1.133                    1.075
                  3                                          1.206                    1.116
                  4                                          1.284                    1.160
                  5                                          1.367                    1.207
                  6                                          1.455                    1.257
                  7                                          1.548                    1.310
                  8                                          1.648                    1.367
                  9                                          1.755                    1.428
                 10                                          1.868                    1.492
                 11                                          1.988                    1.561
                 12                                          2.116                    1.634
                 13                                          2.253                    1.712
                 14                                          2.398                    1.796
                 15                                          2.552                    1.885
                 16                                          2.717                    1.979
                 17                                          2.892                    2.080
                 18                                          3.078                    2.188
19    3.277    2.302
20    3.488    2.425
21    3.713    2.555
22    3.952    2.694
23    4.207    2.842
24    4.478    3.000
25    4.767    3.168
26    5.074    3.348
27    5.401    3.539
28    5.749    3.743
29    6.120    3.960
30    6.514    4.192
31    6.934    4.439
32    7.381    4.702
33    7.857    4.983
34    8.364    5.282
35    8.903    5.601
36    9.477    5.941
37   10.088    6.303
38   10.738    6.689
39   11.430    7.101
40   12.167    7.540
41   12.951    8.008
42   13.786    8.507
43   14.674    9.039
44   15.620    9.605
45   16.627   10.210
46   17.699   10.854
47   18.840   11.541
48   20.054   12.272
49   21.347   13.053
50   22.723   13.885
51   24.188   14.771
52   25.747   15.716
53   27.407   16.724
54   29.173   17.798
55   31.054   18.943
56   33.055   20.164
57   35.186   21.465
58   37.454   22.852
59   39.869   24.330
60   42.439   25.906
61   45.174   27.586
62   48.086   29.377
63   51.186   31.287
64   54.485   33.322
65   57.997   35.491
66   61.736   37.804
67   65.715   40.269
68   69.951   42.898
69   74.460   45.699
70   79.260   48.686
 71     84.369     51.869
 72     89.808     55.263
 73     95.597     58.880
 74    101.759     62.737
 75    108.318     66.848
 76    115.300     71.230
 77    122.733     75.901
 78    130.644     80.881
 79    139.065     86.190
 80    148.029     91.848
 81    157.571     97.881
 82    167.728    104.311
 83    178.540    111.166
 84    190.049    118.473
 85    202.299    126.263
 86    215.340    134.567
 87    229.220    143.418
 88    243.996    152.854
 89    259.724    162.913
 90    276.466    173.635
 91    294.287    185.066
 92    313.256    197.250
 93    333.449    210.239
 94    354.943    224.085
 95    377.823    238.845
 96    402.177    254.579
 97    428.101    271.352
 98    455.697    289.231
 99    485.071    308.291
100    516.339    328.608
101    549.622    350.267
102    585.050    373.354
103    622.763    397.966
104    662.906    424.202
105    705.637    452.170
106    751.122    481.983
107    799.540    513.765
108    851.078    547.643
109    905.939    583.758
110    964.335    622.256
111   1026.496    663.296
112   1092.664    707.043
113   1163.098    753.679
114   1238.071    803.392
115   1317.877    856.386
116   1402.827    912.878
117   1493.253    973.098
118   1589.509   1037.293
119   1691.968   1105.724
120   1801.033   1178.672
121   1917.127   1256.435
122   2040.705   1339.330
123    2172.249    1427.696
124    2312.272    1521.894
125    2461.321    1622.310
126    2619.978    1729.352
127    2788.862    1843.460
128    2968.632    1965.099
129    3159.990    2094.765
130    3363.683    2232.990
131    3580.506    2380.338
132    3811.305    2537.411
133    4056.982    2704.850
134    4318.495    2883.340
135    4596.865    3073.611
136    4893.179    3276.440
137    5208.593    3492.655
138    5544.339    3723.141
139    5901.727    3968.838
140    6282.153    4230.752
141    6687.100    4509.952
142    7118.151    4807.579
143    7576.987    5124.849
144    8065.399    5463.060
145    8585.295    5823.592
146    9138.703    6207.919
147    9727.784    6617.612
148   10354.837    7054.345
149   11022.309    7519.902
150   11732.807    8016.186
151   12489.104    8545.224
152   13294.152    9109.179
153   14151.093    9710.356
154   15063.272   10351.209
155   16034.251   11034.359
156   17067.819   11762.597
157   18168.010   12538.899
158   19339.120   13366.437
159   20585.720   14248.592
160   21912.675   15188.969
161   23325.166   16191.412
162   24828.707   17260.015
163   26429.165   18399.146
164   28132.789   19613.460
165   29946.229   20907.919
166   31876.562   22287.812
167   33931.326   23758.778
168   36118.539   25326.828
169   38446.740   26998.369
170   40925.017   28780.231
171   43563.043   30679.697
172   46371.117   32704.527
173   49360.199   34862.996
174   52541.958   37163.924
175     55928.813     39616.713
176     59533.984     42231.387
177     63371.544     45018.629
178     67456.474     47989.828
179     71804.718     51157.127
180     76433.251     54533.468
181     81360.138     58132.647
182     86604.612     61969.372
183     92187.146     66059.321
184     98129.529     70419.207
185    104454.959     75066.845
186    111188.125     80021.227
187    118355.312     85302.598
188    125984.495     90932.540
189    134105.456     96934.058
190    142749.893    103331.676
191    151951.551    110151.537
192    161746.349    117421.508
193    172172.518    125171.298
194    183270.759    133432.574
195    195084.392    142239.094
196    207659.532    151626.845
197    221045.265    161634.187
198    235293.843    172302.013
199    250460.884    183673.917
200    266605.593    195796.365
201    283790.989    208718.896
202    302084.156    222494.313
203    321556.501    237178.908
204    342284.033    252832.687
205    364347.662    269519.614
206    387833.512    287307.879
207    412833.260    306270.169
208    439444.492    326483.971
209    467771.084    348031.883
210    497923.608    371001.958
211    530019.764    395488.057
212    564184.838    421590.239
213    600552.193    449415.165
214    639263.787    479076.537
215    680470.731    510695.558
216    724333.874    544401.435
217    771024.435    580331.900
218    820724.670    618633.776
219    873628.583    659463.576
220    929942.681    702988.142
221    989886.786    749385.330
222   1053694.889    798844.732
223   1121616.061    851568.454
224   1193915.432    907771.943
225   1270875.221    967684.861
226   1352795.838   1031552.032
227    1439997.058    1099634.437
228    1532819.268    1172210.280
229    1631624.798    1249576.129
230    1736799.333    1332048.123
231    1848753.418    1419963.270
232    1967924.063    1513680.816
233    2094776.448    1613583.720
234    2229805.738    1720080.216
235    2373539.016    1833605.480
236    2526537.341    1954623.413
237    2689397.938    2083628.528
238    2862756.529    2221147.981
239    3047289.814    2367743.718
240    3243718.116    2524014.774
241    3452808.186    2690599.719
242    3675376.201    2868179.271
243    3912290.951    3057479.073
244    4164477.226    3259272.662
245    4432919.428    3474384.628
246    4718665.414    3703693.984
247    5022830.587    3948137.757
248    5346602.246    4208714.820
249    5691244.227    4486489.968
250    6058101.830    4782598.276
251    6448607.074    5098249.733
252    6864284.286    5434734.186
253    7306756.051    5793426.612
254    7777749.546    6175792.739
255    8279103.282    6583395.030
256    8812774.279    7017899.072
257    9380845.710    7481080.381
258    9985535.024    7974831.657
259   10629202.612    8501170.516
260   11314361.012    9062247.741
261   12043684.723    9660356.062
262   12820020.640   10297939.532
263   13646399.170   10977603.512
264   14526046.061   11702125.314
265   15462394.990   12474465.555
266   16459100.971   13297780.252
267   17520054.620   14175433.719
268   18649397.341   15111012.314
269   19851537.493   16108339.097
270   21131167.600   17171489.448
271   22493282.663   18304807.722
272   23943199.664   19512925.002
273   25486578.314   20800778.022
274   27129443.152   22173629.342
275   28878207.058   23637088.849
276   30739696.285   25197136.683
277   32721177.107   26860147.675
278   34830384.184   28632917.392
279    37075550.748    30522689.910
280    39465440.749    32537187.414
281    42009383.060    34684641.754
282    44717307.892    36973828.080
283    47599785.559    39414100.703
284    50668067.736    42015431.320
285    53934131.382    44788449.758
286    57410725.491    47744487.412
287    61111420.856    50895623.551
288    65050663.045    54254734.676
289    69243828.785    57835547.135
290    73707285.988    61652693.216
291    78458457.643    65721770.939
292    83515889.823    70059407.791
293    88899324.081    74683328.675
294    94629774.511    79612428.338
295   100729609.776    84866848.579
296   107222640.422    90468060.555
297   114134211.824    96438952.522
298   121491303.118   102803923.359
299   129322632.517   109588982.271
300   137658769.409   116821855.071
301   146532253.685   124532097.476
302   155977722.757   132751215.880
303   166032046.766   141512796.099
304   176734472.501   150852640.611
305   188126776.598   160808914.862
306   200253428.618   171422303.213
307   213161764.627   182736175.196
308   226902171.974   194796762.729
309   241528285.980   207653349.039
310   257097199.294   221358470.046
311   273669684.761   235968129.039
312   291310432.640   251542025.526
313   310088303.128   268143799.181
314   330076595.148   285841289.898
315   351353332.471   304706815.001
316   374001568.282   324817464.762
317   398109709.374   346255417.406
318   423771861.240   369108274.925
319   451088195.416   393469421.041
320   480165340.492   419438402.800
321   511116798.340   447121337.355
322   544063387.161   476631345.590
323   579133713.098   508089014.370
324   616464672.244   541622889.288
325   656201985.017   577369999.952
326   698500764.971   615476419.919
327   743526124.281   656097863.604
328   791453818.252   699400322.572
329   842470931.376   745560743.832
330   896776607.613   794767752.895
331     954582827.740     847222424.557
332    1016115236.816     903139104.548
333    1081614024.981     962746285.418
334    1151334865.031    1026287540.226
335    1225549910.431    1094022517.851
336    1304548857.658    1166228004.000
337    1388640077.022    1243199052.234
338    1478151816.387    1325250189.652
339    1573433482.471    1412716702.139
340    1674857004.751    1505956004.451
341    1782818287.278    1605349100.715
342    1897738754.076    1711302141.332
343    2020066994.163    1824248082.630
344    2150280512.607    1944648456.054
345    2288887594.450    2072995254.124
346    2436429288.788    2209812940.867
347    2593481520.743    2355660594.934
348    2760657339.570    2511134194.170
349    2938609311.679    2676869050.956
350    3128032067.910    2853542408.289
351    3329665015.007    3041876207.206
352    3544295221.875    3242640036.852
353    3772760491.877    3456654279.255
354    4015952633.183    3684793461.656
355    4274820939.918    3927989830.095
356    4550375897.705    4187237158.852
357    4843693128.072    4463594811.307
358    5155917587.107    4758192068.823
359    5488268034.772    5072232745.336
360    5842041792.293    5407000106.498
361    6218619806.225    5763862113.497
362    6619472038.934    6144277012.959
363    7046163206.563    6549799295.784
364    7500358886.859    6982086049.276
365    7983832020.705    7442903728.499
366    8498469832.760    7934135374.550
367    9046281198.180    8457788309.240
368    9629404484.214    9016002337.621
369   10250115897.267    9611058491.874
370   10910838368.005   10245388352.308
371   11614151009.206   10921583983.531
372   12362799183.260   11642408526.414
373   13159705218.613   12410807489.128
374   14007979817.005   13229920783.380
375   14910934196.009   14103095555.054
376   15872093014.283   15033899861.657
377   16895208129.984   16026137252.497
378   17984273246.043   17083862311.132
379   19143539499.483   18211397223.637
380   20377532055.619   19413349440.368
381   21691067771.925   20694630503.402
382   23089274000.503   22060476116.597
383    24577608602.575    23516467540.263
384    26161881253.097    25068554397.890
385    27848276118.672    26723078988.121
386    29643375997.282    28486802201.308
387    31554188014.066    30366931146.564
388    33588170973.453    32371148602.208
389    35753264474.402    34507644409.924
390    38057919902.422    36785148940.949
391    40511133419.332    39212968771.022
392    43122481079.542    41801024709.880
393    45902156209.929    44559892340.702
394    48861009199.221    47500845235.159
395    52010589852.203    50635901020.650
396    55363192474.076    53977870487.983
397    58931903860.955    57540409940.160
398    62730654383.832    61338076996.181
399    66774272365.414    65386390077.899
400    71078541962.088    69701891823.011
401    75660264776.965    74302216683.300
402    80537325444.488    79206162984.368
403    85728761442.639    84433769741.307
404    91254837405.232    90006398544.203
405    97137124224.373    95946820848.091
406   103398583251.876   102279311024.035
407   110063655928.292   109029745551.592
408   117158359189.430   116225708757.967
409   124710387022.781   123896605535.963
410   132749218570.269   132073781501.307
411   141306233199.309   140790651080.364
412   150414832991.336   150082834051.638
413   160110573125.957   159988301099.016
414   170431300669.657   170547528971.522
415   181417302310.823   181803665883.612
416   193111461617.778   193802707831.901
417   205559426433.660   206593686548.777
418   218809787061.574   220228869860.967
419   232914265935.563   234763975271.761
420   247927919517.770   250258397639.667
421   263909353209.885   266775451883.856
422   280920950117.794   284382631708.160
423   299029114562.387   303151885400.869
424   318304531287.079   323159909837.297
425   338822441373.844   344488463886.529
426   360662935944.802   367224702503.010
427   383911268795.804   391461532868.179
428   408658189182.381   417297994037.449
429   435000296057.077   444839661643.891
430   463040415140.917   474199079312.359
431   492888000300.900   505496218546.945
432   524659560800.296   538858968971.013
433   558479116089.483   574423660923.071
434   594478679912.611   612335622543.963
435     632798775619.778     652749773631.835
436     673588984696.229     695831258691.507
437     717008530649.748     741756121765.117
438     763226900535.430     790712025801.585
439     812424506543.944     842899019504.460
440     864793390235.767     898530354791.724
441     920537972170.364     957833358207.949
442     979875849856.466    1021050359849.640
443    1043038647138.210    1088439683599.690
444    1110272918332.740    1160276702717.240
445    1181841110648.470    1236854965096.550
446    1258022588640.870    1318487392792.890
447    1339114724704.660    1405507560717.190
448    1425434059859.120    1498271059724.500
449    1517317539357.640    1597156949666.280
450    1615123827944.640    1702569308344.230
451    1719234709893.950    1814938882694.920
452    1830056579293.710    1934724848952.750
453    1948022026394.990    2062416688983.610
454    2073591526216.410    2198536190456.500
455    2207255235996.320    2343639579026.590
456    2349534908508.640    2498319791242.320
457    2500985928711.100    2663208897464.280
458    2662199481675.820    2838980684696.900
459    2833804860264.650    3026353409886.860
460    3016471921557.300    3226092734939.370
461    3210913701620.890    3439014855445.340
462    3417889198827.370    3665989835904.700
463    3638206336583.780    3907945165074.380
464    3872725117039.970    4165869545969.260
465    4122360978084.370    4440816936003.200
466    4388088366731.690    4733910853779.380
467    4670944542851.210    5046348970128.790
468    4972033628083.400    5379408002157.260
469    5292530915749.660    5734448930299.610
470    5633687458578.880    6112922559699.360
471    5996834952158.870    6516375448639.490
472    6383390933175.040    6946456228249.670
473    6794864312727.500    7404922339314.110
474    7232861266325.910    7893647213708.820
475    7699091503553.280    8414627929813.570
476    8195374941872.320    8969993373181.230
477    8723648810625.410    9562012935811.170
478    9285975212958.330   10193105789574.700
479    9884549175185.620   10865850771686.600
480   10521707215018.100   11582996922617.900
481   11199936462098.200   12347474719510.600
482   11921884366445.000   13162408050998.300
483   12690369032706.000   14031126982364.100
484   13508390220554.300   14957181363200.100
485   14379141054171.200   15944355333171.300
486   15306020486523.100   16996682785160.600
487   16292646567084.300   18118463848981.200
488   17342870564798.600   19314282463013.900
489   18460792001405.500   20589025105572.800
490   19650774653816.100   21947900762540.600
491   20917463588001.100   23396462212868.200
492   22265803290883.700   24940628718917.500
493   23701056971014.000   26586710214366.000
494   25228827103365.600   28341433088514.200
495   26855077298448.500   30211967672356.100
496   28586155581106.500   32205957538731.500
497   30428819169864.600   34331550736287.800
498   32390260853554.100   36597433084882.700
499   34478137068174.200   39012863668485.000
500   36700597783588.700   41587712670605.000
turn on Direct Investments

al & State Income Tax Rate
                    35%                45%
                    Never              Never
                    Never            223 years
                    Never            414 years

 return as great as holding comparable
where indicated in red below and scroll
.000. The number in the column labeled




                 Ratio B/C
                             1.027
                             1.054
                             1.081
                             1.107
                             1.132
                             1.157
                             1.182
                             1.206
                             1.229
                             1.252
                             1.274
                             1.295
                             1.315
                             1.335
                             1.354
                             1.373
                             1.390
                             1.407
1.423
1.439
1.453
1.467
1.480
1.493
1.505
1.516
1.526
1.536
1.545
1.554
1.562
1.570
1.577
1.583
1.590
1.595
1.600
1.605
1.610
1.614
1.617
1.621
1.624
1.626
1.629
1.631
1.633
1.634
1.635
1.637
1.637
1.638
1.639
1.639
1.639
1.639
1.639
1.639
1.639
1.638
1.638
1.637
1.636
1.635
1.634
1.633
1.632
1.631
1.629
1.628
1.627
1.625
1.624
1.622
1.620
1.619
1.617
1.615
1.613
1.612
1.610
1.608
1.606
1.604
1.602
1.600
1.598
1.596
1.594
1.592
1.590
1.588
1.586
1.584
1.582
1.580
1.578
1.576
1.573
1.571
1.569
1.567
1.565
1.563
1.561
1.558
1.556
1.554
1.552
1.550
1.548
1.545
1.543
1.541
1.539
1.537
1.535
1.532
1.530
1.528
1.526
1.524
1.522
1.519
1.517
1.515
1.513
1.511
1.509
1.506
1.504
1.502
1.500
1.498
1.496
1.493
1.491
1.489
1.487
1.485
1.483
1.481
1.478
1.476
1.474
1.472
1.470
1.468
1.466
1.464
1.462
1.459
1.457
1.455
1.453
1.451
1.449
1.447
1.445
1.443
1.441
1.439
1.436
1.434
1.432
1.430
1.428
1.426
1.424
1.422
1.420
1.418
1.416
1.414
1.412
1.410
1.408
1.406
1.404
1.402
1.400
1.398
1.396
1.394
1.391
1.389
1.387
1.385
1.383
1.381
1.379
1.377
1.375
1.374
1.372
1.370
1.368
1.366
1.364
1.362
1.360
1.358
1.356
1.354
1.352
1.350
1.348
1.346
1.344
1.342
1.340
1.338
1.336
1.334
1.332
1.331
1.329
1.327
1.325
1.323
1.321
1.319
1.317
1.315
1.313
1.311
1.310
1.308
1.306
1.304
1.302
1.300
1.298
1.296
1.294
1.293
1.291
1.289
1.287
1.285
1.283
1.281
1.280
1.278
1.276
1.274
1.272
1.270
1.269
1.267
1.265
1.263
1.261
1.259
1.258
1.256
1.254
1.252
1.250
1.249
1.247
1.245
1.243
1.241
1.240
1.238
1.236
1.234
1.232
1.231
1.229
1.227
1.225
1.224
1.222
1.220
1.218
1.216
1.215
1.213
1.211
1.209
1.208
1.206
1.204
1.202
1.201
1.199
1.197
1.196
1.194
1.192
1.190
1.189
1.187
1.185
1.183
1.182
1.180
1.178
1.177
1.175
1.173
1.172
1.170
1.168
1.167
1.165
1.163
1.161
1.160
1.158
1.156
1.155
1.153
1.151
1.150
1.148
1.146
1.145
1.143
1.141
1.140
1.138
1.137
1.135
1.133
1.132
1.130
1.128
1.127
1.125
1.123
1.122
1.120
1.119
1.117
1.115
1.114
1.112
1.111
1.109
1.107
1.106
1.104
1.103
1.101
1.099
1.098
1.096
1.095
1.093
1.091
1.090
1.088
1.087
1.085
1.084
1.082
1.080
1.079
1.077
1.076
1.074
1.073
1.071
1.070
1.068
1.066
1.065
1.063
1.062
1.060
1.059
1.057
1.056
1.054
1.053
1.051
1.050
1.048
1.047
1.045
1.044
1.042
1.041
1.039
1.038
1.036
1.035
1.033
1.032
1.030
1.029
1.027
1.026
1.024
1.023
1.021
1.020
1.018
1.017
1.015
1.014
1.012
1.011
1.009
1.008
1.007
1.005
1.004
1.002
1.001
0.999
0.998
0.996
0.995
0.994
0.992
0.991
0.989
0.988
0.986
0.985
0.984
0.982
0.981
0.979
0.978
0.976
0.975
0.974
0.972
0.971
0.969
0.968
0.967
0.965
0.964
0.962
0.961
0.960
0.958
0.957
0.956
0.954
0.953
0.951
0.950
0.949
0.947
0.946
0.945
0.943
0.942
0.940
0.939
0.938
0.936
0.935
0.934
0.932
0.931
0.930
0.928
0.927
0.926
0.924
0.923
0.922
0.920
0.919
0.918
0.916
0.915
0.914
0.912
0.911
0.910
0.908
0.907
0.906
0.904
0.903
0.902
0.901
0.899
0.898
0.897
0.895
0.894
0.893
0.891
0.890
0.889
0.888
0.886
0.885
0.884
0.882

				
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