LOGO: ZURICH LIFE LOGO: WORLD FINANCIAL GROUP   POWER V Variable Universal Life 2002 Semi-Annual Report   Includes semi-annual reports for: Scudder Variable Series I Scudder Variable Series II American Skandia Trust Fidelity Variable Insurance Products Fund Fidelity Variable Insurance Products Fund II Fidelity Variable Insurance Products Fund III

LOGO: WORLD FINANCIAL GROUP

World Financial Group, Inc. (WFG or World Financial Group) is an independent marketing company whose affiliates offer life insurance and a broad array of financial products and services. Securities are offered through World Group Securities, Inc. (WGS or World Group Securities), Member NASD/SIPC. Insurance products offered through World Financial Group Insurance Agency, Inc. (WFGIA). WFG, WGS, WFGIA are affiliated companies.

11315 Johns Creek Parkway, Duluth, GA 30097

Power V is marketed exclusively by World Financial Group;

distributed by Investors Brokerage Services, Inc.; and

underwritten by Kemper Investors Life Insurance Company,

Schaumburg, IL 60196-6801

PWRV-SAR (08/02)

LOGO: ZURICH LIFE

1600 McConnor Parkway

Schaumburg, IL 60196-6801