-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RYhgL99GajsTtnbmSL6pcFErMYRtI2Lot6Z3fP0x0vusnvjti97I0NHY3QBnE7ls 4Ip3qXtkiK7fPXSwQ5F/Cw== /in/edgar/work/0000945094-00-000390/0000945094-00-000390.txt : 20000930 0000945094-00-000390.hdr.sgml : 20000930 ACCESSION NUMBER: 0000945094-00-000390 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20000928 EFFECTIVENESS DATE: 20000928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHBROOK VARIABLE ANNUITY ACCOUNT II CENTRAL INDEX KEY: 0000864922 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 033-35412 FILM NUMBER: 731273 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 811-06116 FILM NUMBER: 731274 BUSINESS ADDRESS: STREET 1: 3100 SANDERS RD STREET 2: C/O NORTHBROOK LIFE INSURANCE CO CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 8474022400 MAIL ADDRESS: STREET 1: 3100 SANDERS RD CITY: NORTHBROOK STATE: IL ZIP: 60062 485BPOS 1 0001.txt MSDWVAIII As filed with the Securities and Exchange Commission on September 28, 2000. - -------------------------------------------------------------------------------- File Nos. 033-35412 811-06116 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 POST-EFFECTIVE AMENDMENT NO. 29 AND/OR REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 AMENDMENT NO. 36 NORTHBROOK VARIABLE ANNUITY ACCOUNT II (Exact Name of Registrant) NORTHBROOK LIFE INSURANCE COMPANY (Name of Depositor) MICHAEL J. VELOTTA VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL NORTHBROOK LIFE INSURANCE COMPANY 3100 SANDERS ROAD NORTHBROOK, ILLINOIS 60062 847/402-2400 (Name and Complete Address of Agent for Service) COPIES TO: CHARLES M. SMITH, JR., ESQUIRE DANIEL J. FITZPATRICK, ESQUIRE ALLSTATE LIFE INSURANCE COMPANY DEAN WITTER REYNOLDS INC. 3100 SANDERS ROAD, SUITE J5B TWO WORLD TRADE CENTER NORTHBROOK, ILLINOIS 60062 NEW YORK, NEW YORK 10048 APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: CONTINUOUS IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX) __ immediately upon filing pursuant to paragraph (b) of Rule 485 __ on (date) pursuant to paragraph (b) of Rule 485 X 60 days after filing pursuant to paragraph (a)(1) of Rule 485 -- __ on (date) pursuant to paragraph (a)(1) 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. TITLE OF SECURITIES BEING REGISTERED: Units of Interest in the Northbrook Variable Annuity Account II under Deferred Variable Annuity Contracts. Explanatory Note Registrant is filing this amendment ("Amendment") to add the Enhanced Earnings Death Benefit Option ("new Option") to the Morgan Stanley Dean Witter Variable Annuity 3 contract ("Contract") described in the currently effective prospectus and Statement of Additional Information for that Contract. The new Option will be offered to new and existing Contract owners and may be selected on its own or in addition to any existing death or income benefit option. The Amendment is not intended to amend or delete any part of the Registration Statement, except as specifically noted herein. NORTHBROOK LIFE INSURANCE COMPANY NORTHBROOK VARIABLE ANNUITY ACCOUNT II SUPPLEMENT, DATED SEPTEMBER 28, 2000, TO THE MORGAN STANLEY DEAN WITTER VARIABLE ANNUITY 3 PROSPECTUS DATED MAY 1, 2000 This supplement describes the Enhanced Earnings Death Benefit Option ("new Option") now available with the Morgan Stanley Dean Witter Variable Annuity 3 contract ("Contract") offered by Northbrook Life Insurance Company. PLEASE KEEP IN MIND, ONCE YOU HAVE SELECTED AN OPTIONAL INCOME OR DEATH BENEFIT (EACH AN "OPTION"), YOUR ABILITY TO SELECT A DIFFERENT OPTION MAY BE LIMITED. PLEASE CONSULT WITH YOUR FINANCIAL ADVISOR CONCERNING THE EFFECT OF SELECTING A DIFFERENT OPTION BEFORE DOING SO. WE MAY DISCONTINUE THE OFFERING OF THIS OPTION AT ANYTIME. Please keep this supplement for future reference together with your prospectus. All capitalized terms have the same meaning as those included in the prospectus. Your prospectus is amended as follows: Page 4: Insert the following after the first bullet under the "Expenses" heading: o If you select the Enhanced Earnings Death Benefit Option, the Total Variable Account annual fees will equal 1.60% of average daily net assets (1.73% if you also select the Performance Death Benefit Option, 1.84% if you select the Death Benefit Combination Option, 1.90% if you select the Income Benefit Combination Option 2, or 2.10% if you select the Income and Death Benefit Combination Option 2) Page 7: Replace the section entitled "Variable Account Annual Expenses," with the following table:
Variable Account Annual Expenses (As A Percentage Of Average Daily Net Asset Value Deducted From Each Variable Sub-Account) ------------------------------- -------------- -------------- --------------- -------------- -------------- With the With the With the With the Basic Performance Death Benefit Income Income and Contract Death Combination Benefit Death Benefit Benefit Option Combination Combination Option Option 2 Option 2 ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Mortality and Expense Risk 1.25% 1.38% 1.49% 1.55% 1.75% Charge ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Administrative Expense Charge 0.10% 0.10% 0.10% 0.10% 0.10% ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Total Variable Account Annual Expenses 1.35% 1.48% 1.59% 1.65% 1.85% ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Basic Contract With the With the With the With the With the Performance Death Benefit Income Income and Enhanced Death Combination Benefit Death Benefit Earnings Benefit Option and Combination Combination Death Option and the EEDBO Option 2 and Option 2 and Benefit the EEDBO the EEDBO the EEDBO Option (EEDBO) ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Mortality and Expense Risk 1.50% 1.63% 1.74% 1.80% 2.00% Charge ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Administrative Expense Charge 0.10% 0.10% 0.10% 0.10% 0.10% ------------------------------- -------------- -------------- --------------- -------------- -------------- ------------------------------- -------------- -------------- --------------- -------------- -------------- Total Variable Account Annual Expenses 1.60% 1.73% 1.84% 1.90% 2.10% ------------------------------- -------------- -------------- --------------- -------------- --------------
Page 10: Replace "Example 1" with the following: EXAMPLE 1 The example below shows the dollar amount of expenses that you would bear directly or indirectly if you: o invested $1,000 in a Variable Sub-Account, o earned a 5% annual return on your investment, o surrendered your Contract or you began receiving income payments for a specified period of less than 120 months at the end of each time period, o elected the Enhanced Earnings Death Benefit Option, and o elected the Income and Death Benefit Combination Option 2. THE EXAMPLE ASSUMES THAT ANY PORTFOLIO EXPENSE WAIVERS OR REIMBURSEMENT ARRANGEMENTS DESCRIBED IN THE FOOTNOTES ABOVE ARE IN EFFECT FOR THE TIME PERIODS PRESENTED BELOW. THE EXAMPLE DOES NOT INCLUDE ANY TAXES OR TAX PENALTIES YOU MAY BE REQUIRED TO PAY IF YOU SURRENDER YOUR CONTRACT.
1 YEARS 3 YEARS 5 YEARS 10 YEARS ------- ------- ------- -------- AIM VARIABLE INSURANCE FUNDS AIM V.I. Capital Appreciation $71 $123 $168 $319 AIM V.I. Growth $71 $123 $168 $319 AIM V.I. Value $72 $124 $170 $322 ALLIANCE VARIABLE PRODUCTS SERIES FUNDS ALLIANCE Growth $75 $135 $188 $356 ALLIANCE Growth and Income $74 $130 $180 $342 ALLIANCE Premier Growth $77 $140 $196 $372 MORGAN STANLEY DEAN WITTER V.I.S. Money Market $72 $124 $170 $323 Quality Income Plus $72 $124 $170 $323 Short-term Bond $73 $127 $175 $333 High Yield $72 $124 $171 $324 Utilities $73 $129 $178 $337 Income Builder $75 $133 $185 $351 Dividend Growth $72 $124 $170 $323 Capital Growth $74 $130 $180 $342 Global Dividend Growth $75 $133 $186 $353 European Growth $77 $140 $196 $372 Pacific Growth $81 $151 $215 $407 Equity $72 $124 $170 $322 S&P 500 Index $71 $123 $168 $319 Competitive Edge "Best Ideas" $72 $125 $172 $327 Strategist $72 $124 $170 $323 Aggressive Equity $72 $124 $170 $323 THE UNIVERSAL INSTITUTIONAL FUNDS, INC. U.S. Real Estate $75 $134 $187 $354 International Magnum $76 $136 $190 $360 Equity Growth $73 $126 $174 $331 Emerging Markets Equity $82 $155 $220 $417 Mid-cap Value $75 $133 $184 $350 PUTNAM VARIABLE TRUST Putnam VT Growth & Income $71 $120 $164 $311 Putnam VT International Growth $76 $136 $190 $361 Putnam VT Voyager $71 $123 $168 $318 VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth $73 $126 $174 $331
Page 11: Replace "Example 2" with the following: EXAMPLE 2 Same assumptions as Example 1 above, except that you decided not to surrender your Contract, or you began receiving income payments (for at least 120 months if under an Income Plan with a specified period), at the end of each period.
1 YEARS 3 YEARS 5 YEARS 10 YEARS ------- ------- ------- -------- AIM VARIABLE INSURANCE FUND AIM V.I. Capital AppreciatioN $29 $89 $151 $319 AIM V.I. Growth $29 $89 $151 $319 AIM V.I. Value $29 $90 $153 $322 ALLIANCE VARIABLE PRODUCTS SERIES FUNDS ALLIANCE Growth $33 $101 $171 $356 ALLIANCE Growth and Income $31 $96 $163 $342 ALLIANCE Premier GrowtH $35 $106 $179 $372 MORGAN STANLEY DEAN WITTER V.I.S. Money Market $29 $90 $153 $323 Quality Income PluS $29 $90 $153 $323 Short-term Bond $30 $93 $158 $333 High Yield $30 $90 $154 $324 Utilities $31 $95 $161 $337 Income Builder $32 $99 $168 $351 Dividend Growth $29 $90 $153 $323 Capital Growth $31 $96 $163 $342 Global Dividend Growth $33 $99 $169 $353 European Growth $35 $106 $179 $372 Pacific Growth $39 $117 $198 $407 Equity $29 $90 $153 $322 S&P 500 Index $29 $89 $151 $319 Competitive Edge "Best Ideas" $30 $91 $155 $327 Strategist $29 $90 $153 $323 Aggressive Equity $29 $90 $153 $323 THE UNIVERSAL INSTITUTIONAL FUND, INC. U.S. Real Estate $33 $100 $170 $354 International Magnum $33 $102 $173 $360 Equity Growth $30 $92 $157 $331 Emerging Markets Equity $40 $121 $203 $417 Mid-cap Value $32 $99 $167 $350 PUTNAM VARIABLE TRUST Putnam VT Growth & Income $28 $86 $147 $311 Putnam VT International Growth $34 $102 $173 $361 Putnam VT Voyager $29 $89 $151 $318 VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth $30 $92 $157 $331
Replace the paragraph following "Example 2" with the following: PLEASE REMEMBER THAT YOU ARE LOOKING AT EXAMPLES AND NOT A REPRESENTATION OF PAST OR FUTURE EXPENSES. YOUR ACTUAL EXPENSES MAY BE LOWER OR GREATER THAN THOSE SHOWN ABOVE. SIMILARLY, YOUR RATE OF RETURN MAY BE LOWER OR GREATER THAN 5%, WHICH IS NOT GUARANTEED. THE ABOVE EXAMPLES ASSUME THE ELECTION OF BOTH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME AND DEATH BENEFIT COMBINATION OPTION 2, WITH A MORTALITY AND EXPENSE RISK CHARGE OF 2.00%. IF THOSE OPTIONS WERE NOT ELECTED, THE EXPENSE FIGURES SHOWN ABOVE WOULD BE SLIGHTLY LOWER. TO REFLECT THE CONTRACT MAINTENANCE CHARGE IN THE EXAMPLES, WE ESTIMATED AN EQUIVALENT PERCENTAGE CHARGE, BASED UPON AN ASSUMED AVERAGE CONTRACT SIZE OF $45,000. Page 16: Add the following to the third paragraph under the section entitled "Accumulation Unit Value:" Finally, we determine five additional sets of Accumulation Unit Values (sets 6-10) that reflect the cost of the Enhanced Earnings Death Benefit Option when selected alone and when selected along with each of the other four death or income benefit options. Page 22: Replace the first sentence of the first paragraph under the section entitled "Mortality and Expense Risk Charge" with the following: We deduct a mortality and expense risk charge daily at an annual rate of 1.25% of the average daily net assets you have invested in the Variable Sub-Accounts (1.38% if you select the Performance Death Benefit Option, 1.49% if you select the Death Benefit Combination Option, 1.55% if you select the Income Benefit Combination Option 2, and 1.75% if you select the Income and Death Benefit Combination Option 2). If you select the Enhanced Earnings Death Benefit Option, we deduct a mortality and expense risk charge daily at an annual rate of 1.50% of average daily net assets you have invested in the Variable Sub-Accounts (1.63% if you also select the Performance Death Benefit Option, 1.74% if you select the Death Benefit Combination Option, 1.80% if you select the Income Benefit Combination Option 2, or 2.00% if you select the Income and Death Benefit Combination Option 2). Page 28: Replace the first paragraph under "Death Benefit Options" with the following: The Performance Death Benefit Option, Death Benefit Combination Option, Income and Death Benefit Combination Option 2, and Enhanced Earnings Death Benefit Option are optional benefits that you may elect. If the Contract owner is a natural person, these death benefit options apply only on the death of the Contract owner. If the Contract owner is not a natural person, these options apply only on the death of the Annuitant. For Contracts with the Performance Death Benefit Option, Death Benefit Combination Option, and Income and Death Benefit Combination Option 2, the death benefit will be the greater of Death Benefit Amounts (1) through (3) above, or (4) the death benefit option you selected. For Contracts with the Enhanced Earnings Death Benefit Option, the death benefit will be increased as described on page __ below. The death benefit options may not be available in all states. Page 28: Insert the following after the seventh paragraph under "Death Benefit Options:" ENHANCED EARNINGS DEATH BENEFIT OPTION. You may elect the Enhanced Earnings Death Benefit Option alone or together with any other death and/or income benefit option offered under the Contract. Under the Enhanced Earnings Death Benefit Option, if the oldest Contract owner (or the Annuitant if the Contract owner is a non-natural person) is age 69 or younger on the date we issue the rider for this option ("Rider Date"), the death benefit is increased by: o 40% of the lesser of the In-Force Premium or Death Benefit Earnings. If the oldest Contract owner (or the Annuitant if the Contract owner is a non-natural person) is between the ages of 70 and 79 on the Rider Date, the death benefit is increased by: o 25% of the lesser of the In-Force Premium or Death Benefit Earnings. For purpose of calculating the Enhanced Earnings Death Benefit, the following definitions apply: In-Force Premium equals the Contract Value on the Rider Date plus all purchase payments after the Rider Date less the sum of all Excess-of-Earnings Withdrawals after the Rider Date. If the Rider Date is the same as the Issue Date, then the Contract Value on the Rider Date is equal to your initial purchase payment. Death Benefit Earnings equal the Contract Value minus the In-Force Premium. The Death Benefit Earnings amount will never be less than zero. An Excess-of-Earnings Withdrawal is the amount of a withdrawal which is in excess of the Death Benefit Earnings in the Contract immediately prior to the withdrawal. We will calculate the Enhanced Earnings Death Benefit Option as of the date we receive Due Proof of Death. We will pay the Enhanced Earnings Death Benefit with the death benefit as described under "Death Benefit Payments" below. The value of the Enhanced Earnings Death Benefit depends largely on the amount of earnings that accumulate under your Contract. If you expect to withdraw the earnings from your Contract Value, electing the Enhanced Earnings Death Benefit Option may not be appropriate. For purposes of calculating the Enhanced Earnings Death Benefit, earnings are considered to be withdrawn first before purchase payments. Your Financial Advisor can help you decide if the Enhanced Earnings Death Benefit Option is right for you. For examples of how the death benefit is calculated under the Enhanced Earnings Death Benefit Option, see Appendix A. Page 29: Insert the following after the second sentence of the second paragraph: If the Enhanced Earnings Death Benefit Option has been elected, on the date the contract is continued, the Rider Date for this Option is reset to the date the contrast is continued. For purposes of calculating future death benefits, you spouse's age on this new Rider date will be used to determine applicable death benefit amounts. Page 34: Insert the following as Appendix A: CALCULATION OF ENHANCED EARNINGS DEATH BENEFIT EXAMPLE 1. In this example, assume that the oldest Owner is age 65 at the time the Contract is issued and elects the Enhanced Earnings Death Benefit Option when the Contract is issued. The Owner makes an initial purchase payment of $100,000. After four years, the Owner dies. On the date Northbrook receives due proof of death, the Contract Value is $125,000. Prior to his death, the Owner did not make any additional purchase payments or take any withdrawals. Excess-of-Earnings Withdrawals = $0 In-Force Premium = $100,000 ($100,000 + $0 - $0) Death Benefit Earnings = $25,000 ($125,000 - $100,000) Enhanced Earnings Death Benefit = 40% x $25,000 = $10,000. Since Death Benefit Earnings are less than In-Force Premium, the Death Benefit Earnings are used to compute the Enhanced Earnings Death Benefit amount. EXAMPLE 2. In the second example, assume the same facts as above, except that the Owner has taken a withdrawal of $10,000 during the second year of the Contract. At the time the withdrawal is taken, the Contract Value is $105,000. Here, $5,000 of the withdrawal is in excess of the Death Benefit Earnings at the time of the withdrawal. The Contract Value on the date Northbrook receives due proof of death will be assumed to be $114,000. Excess-of-Earnings Withdrawals = $5,000 ($10,000 - $5,000) In-Force Premium = $95,000 ($100,000 + $0 - $5,000) Death Benefit Earnings = $19,000 ($114,000 - $95,000) Enhanced Earnings Death Benefit = 40% x $19,000 = $7,600. Since Death Benefit Earnings are less than In-Force Premium, the Death Benefit Earnings are used to compute the Enhanced Earnings Death Benefit amount. EXAMPLE 3. This third example is intended to illustrate the effect of adding the Enhanced Earnings Death Benefit Option after the Contract has been issued and the effect of later purchase payments. In this example, assume that the oldest Owner is age 75 at the time the Enhanced Earnings Death Benefit is elected. At the time the Contract is issued, the Owner makes a purchase payment of $100,000. After two years pass, the Owner elects to add the Enhanced Earnings Death Benefit Option. On the date this Option is added, the Contract Value is $110,000. Two years later, the Owner withdraws $50,000. Immediately prior to the withdrawal, the Contract Value is $130,000. Another two years later, the Owner makes an additional purchase payment of $40,000. A year later, the owner dies with a Contract Value of $140,000 on the date we receive Due Proof of Death. Excess-of-Earnings Withdrawals = $30,000 ($50,000 - $20,000) In-Force Premium = $120,000 ($110,000 + $40,000 - $30,000) Death Benefit Earnings = $20,000 ($140,000 - $120,000) Enhanced Earnings Death Benefit = 25% of $20,000 = $5,000. In this example, In-Force Premium is the Contract Value on the date the Rider was issued plus all later withdrawals and minus Excess-of-Earnings Withdrawals. Since Death Benefit Earnings are less than In-Force Premium, the Death Benefit Earnings are used to compute the Enhanced Earnings Death Benefit amount. PART B NORTHBROOK LIFE INSURANCE COMPANY NORTHBROOK VARIABLE ANNUITY ACCOUNT II SUPPLEMENT, DATED SEPTEMBER 28, 2000, TO THE MORGAN STANLEY DEAN WITTER VARIABLE ANNUITY 3 STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 2000 This supplement amends the statement of additional information, dated May 1, 2000, for the Morgan Stanley Dean Witter Variable Annuity 3 Contracts as follows: Under the section entitled "Standardized Total Returns", add the following separate paragraph immediately after the sixth paragraph: Contracts with the Enhanced Earnings Death Benefit Option were first offered to the public as of ________, 2000. The Variable Sub-Accounts were available for investment prior to that date. Accordingly, performance figures for Variable Sub-Accounts for periods prior to the availability of the Enhanced Earnings Death Benefit Option reflect the historical performance of the Variable Sub-Accounts, adjusted to reflect the current charge for such features as if they had been available throughout the periods shown, as well as the withdrawal and contract maintenance charge. Add the following tables to the performance tables under "Standardized Total Returns": (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- Van Kampen Emerging Growth 96.39% N/A 61.23% - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- Emerging Markets 86.89% N/A 15.89% - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- Equity Growth 32.65% N/A 17.50% - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- International Magnum 18.65% N/A 8.19% - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- U.S. Real Estate -7.53% N/A -12.13% - -------------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE PERFORMANCE DEATH BENEFIT OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Van Kampen Emerging Growth 96.13% N/A 61.02% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Emerging Markets 86.64% N/A 15.73% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Equity Growth 32.47% N/A 17.34% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- International Magnum 18.49% N/A 8.04% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- U.S. Real Estate -7.65% N/A -12.25% - ------------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE DEATH BENEFIT COMBINATION OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------- - ------------------------------------------------------------------- Van Kampen Emerging Growth 95.91% N/A 60.84% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Emerging Markets 86.43% N/A 15.60% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Equity Growth 32.32% N/A 17.21% - ------------------------------------------------------------------- - ------------------------------------------------------------------- International Magnum 18.36% N/A 7.92% - ------------------------------------------------------------------- - ------------------------------------------------------------------- U.S. Real Estate -7.76% N/A -12.36% - ------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME BENEFIT COMBINATION OPTION 2) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Van Kampen Emerging Growth 95.79% N/A 37.41% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Emerging Markets 86.32% N/A 8.66% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Equity Growth 32.24% N/A 26.76% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- International Magnum 18.28% N/A 9.87% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- U.S. Real Estate -7.82% N/A -3.29% - ---------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME AND DEATH BENEFIT COMBINATION OPTION 2) 10 Years or Variable Sub-Account One Year Five Years Since Inception - -------------------------------------------------------------------- - -------------------------------------------------------------------- Van Kampen Emerging Growth 95.39% N/A 60.41% - -------------------------------------------------------------------- - -------------------------------------------------------------------- Emerging Markets 85.94% N/A 15.29% - -------------------------------------------------------------------- - -------------------------------------------------------------------- Equity Growth 31.96% N/A 16.89% - -------------------------------------------------------------------- - -------------------------------------------------------------------- International Magnum 18.04% N/A 7.63% - -------------------------------------------------------------------- - -------------------------------------------------------------------- U.S. Real Estate -8.01% N/A -12.60% - -------------------------------------------------------------------- Add the following to the seventh paragraph under "Non-Standardized Total Returns": Contracts with the Enhanced Earnings Death Benefit Option were first offered to the public as of __________, 2000. The Variable Sub-Accounts were available for investment prior to that date. Accordingly, performance figures for Variable Sub-Accounts for periods prior to the availability of the Enhanced Earnings Death Benefit Option reflect the historical performance of the Variable Sub-Accounts, adjusted to reflect the current charge for this feature as if it had been available throughout the periods shown, excluding the withdrawal charge but including the contract maintenance charge. Add the following tables to the performance tables under "Non-Standardized Total Returns": (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------- - ------------------------------------------------------------------- Van Kampen Emerging Growth 100.64% N/A 62.79% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Emerging Markets 91.14% N/A 17.97% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Equity Growth 36.90% N/A 19.55% - ------------------------------------------------------------------- - ------------------------------------------------------------------- International Magnum 22.90% N/A 10.39% - ------------------------------------------------------------------- - ------------------------------------------------------------------- U.S. Real Estate -3.28% N/A -9.31% - ------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE PERFORMANCE DEATH BENEFIT OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------- - ------------------------------------------------------------------- Van Kampen Emerging Growth 100.38% N/A 62.58% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Emerging Markets 90.89% N/A 17.81% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Equity Growth 36.72% N/A 19.40% - ------------------------------------------------------------------- - ------------------------------------------------------------------- International Magnum 22.74% N/A 10.25% - ------------------------------------------------------------------- - ------------------------------------------------------------------- U.S. Real Estate -3.40% N/A -9.43% - ------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE DEATH BENEFIT COMBINATION OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------- - ------------------------------------------------------------------- Van Kampen Emerging Growth 100.16% N/A 62.40% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Emerging Markets 90.68% N/A 17.68% - ------------------------------------------------------------------- - ------------------------------------------------------------------- Equity Growth 36.57% N/A 19.27% - ------------------------------------------------------------------- - ------------------------------------------------------------------- International Magnum 22.61% N/A 10.13% - ------------------------------------------------------------------- - ------------------------------------------------------------------- U.S. Real Estate -3.51% N/A -9.53% - ------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME BENEFIT COMBINATION OPTION 2) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Van Kampen Emerging Growth 100.04% N/A 37.57% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Emerging Markets 90.57% N/A 9.52% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Equity Growth 36.49% N/A 27.61% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- International Magnum 22.53% N/A 11.02% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- U.S. Real Estate -3.57% N/A -1.71% - ------------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME AND DEATH BENEFIT COMBINATION OPTION 2) 10 Years or Variable Sub-Account One Year Five Years Since Inception ------------------------------------------------------------------------ - ------------------------------------------------------------------------- Van Kampen Emerging Growth 99.64% N/A 61.98% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Emerging Markets 90.19% N/A 17.38% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Equity Growth 36.21% N/A 18.96% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- International Magnum 22.29% N/A 9.84% - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- U.S. Real Estate -3.76% N/A -9.77% - ------------------------------------------------------------------------- Replace the second paragraph under "Adjusted Historical Total Returns" with the following: The adjusted historical total returns for the Variable Sub-Accounts for the periods ended December 31, 1999 are set out below. No adjusted historical total returns are shown for the Money Market Variable Sub-Account. Where the returns included in the following tables give effect to the Enhanced Earnings Death Benefit Option, the performance figures have been adjusted to reflect the current charge for the feature as if that feature had been available throughout the periods shown. Add the following tables to the performance tables under "Adjusted Historical Total Returns": (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- AIM VARIABLE INSURANCE FUNDS AIM V.I. Capital Appreciation 38.07% 22.72% 19.87% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- AIM V.I. Growth 28.84% 25.68% 19.72% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- AIM V.I. Value 23.59% 23.84% 20.23% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- ALLIANCE VARIABLE PRODUCTS SERIES FUNDS Alliance Growth 27.95% 28.87% 28.20% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Alliance Growth and Income 5.24% 21.53% 13.39% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Alliance Premier Growth N/A N/A 16.02% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER V.I.S. Money Market -1.39% 2.95% 3.03% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Quality Income -10.32% 5.65% 5.81% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Short Term Bond N/A N/A -7.13% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- High Yield -7.39% 3.63% 6.31% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Utilities 6.40% 17.53% 12.15% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Income Builder 0.85% N/A 7.54% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Dividend Growth -8.43% 16.33% 10.97% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Capital Appreciation 2.83% N/A 1.40% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Capital Growth 26.61% 21.80% 13.23% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Global Dividend Growth 8.30% 13.42% 11.09% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- European Growth 22.50% 22.44% 17.49% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Pacific Growth 58.81% -1.64% -3.03% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Equity 51.44% 33.12% 20.64% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- S&P 500 Index 13.25% N/A 15.37% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Competitive Edge "Best Ideas" 19.54% N/A 9.47% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Strategist 10.95% 13.92% 10.91% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Aggressive Equity N/A N/A 64.74% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- THE UNIVERSAL INSTITUTIONAL FUND, INC. U.S. Real Estate -7.53% N/A -2.98% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- International Magnum 18.65% N/A 10.21% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Equity Growth 32.65% N/A 27.14% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Emerging Markets Equity 86.89% N/A 9.00% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Mid-Cap Value 14.13% N/A 21.07% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- PUTNAM VARIABLE TRUST Putnam VT Growth & Income -4.40% 17.05% 11.83% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Putnam VT International Growth 53.25% N/A 27.09% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Putnam VT Voyager 51.26% 29.13% 19.89% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth 96.39% N/A 37.83% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE PERFORMANCE DEATH BENEFIT OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ One Year 5 Year Inception - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ AIM VARIABLE INSURANCE FUNDS AIM V.I. Capital Appreciation 37.89% 22.56% 19.71% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ AIM V.I. Growth 28.67% 25.51% 19.56% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ AIM V.I. Value 23.42% 23.67% 20.07% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ ALLIANCE VARIABLE PRODUCTS SERIES FUNDS Alliance Growth 27.78% 28.70% 28.03% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Alliance Growth and Income 5.10% 21.37% 13.24% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Alliance Premier Growth N/A N/A 15.87% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ MORGAN STANLEY DEAN WITTER V.I.S. Money Market -1.52% 2.82% 2.90% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Quality Income Plus -10.44% 5.51% 5.67% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Short Term Bond N/A N/A -7.26% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ High Yield -7.52% 3.49% 6.17% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Utilities 6.26% 17.37% 12.01% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Income Builder 0.71% N/A 7.39% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Dividend Growth -8.55% 16.18% 10.82% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Capital Appreciation 2.81% N/A 1.31% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Capital Growth 26.44% 21.64% 13.08% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Global Dividend Growth 8.16% 13.28% 10.94% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ European Growth 22.33% 22.28% 17.34% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Pacific Growth 58.59% -1.77% -3.15% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Equity 51.24% 32.94% 20.48% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ S&P 500 Index 13.10% N/A 15.22% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Competitive Edge "Best Ideas" 19.38% N/A 9.32% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Strategist 10.80% 13.77% 10.77% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Aggressive Equity N/A N/A 64.52% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ THE UNIVERSAL INSTITUTIONAL FUNDS, INC. U.S. Real Estate -7.65% N/A -3.12% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ International Magnum 18.49% N/A 10.06% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Equity Growth 32.47% N/A 26.98% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Emerging Markets Equity 86.64% N/A 8.85% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Mid-Cap Value 13.98% N/A 20.91% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ PUTNAM VARIABLE TRUST Putnam VT Growth & Income -4.53% 82.94% 11.69% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Putnam VT International Growth 53.05% N/A 26.93% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Putnam VT Voyager 51.06% 215.67% 19.74% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth 96.13% N/A 37.65% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE DEATH BENEFIT COMBINATION OPTION) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- AIM VARIABLE INSURANCE FUNDS AIM V.I. Capital Appreciation 37.73% 22.43% 19.58% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- AIM V.I. Growth 28.52% 25.37% 19.43% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- AIM V.I. Value 23.28% 23.54% 19.94% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- ALLIANCE VARIABLE PRODUCTS SERIES FUNDS Alliance Growth 27.63% 28.56% 27.89% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Alliance Growth and Income 4.97% 21.24% 13.12% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Alliance Premier Growth N/A N/A 15.73% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER V.I.S. Money Market -1.64% 2.70% 2.78% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Quality Income Plus -10.55% 5.40% 5.55% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Short-Term Bond N/A N/A -7.36% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- High Yield -7.62% 3.38% 6.05% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Utilities 6.13% 17.24% 11.88% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Income Builder 0.60% N/A 7.27% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Dividend Growth -8.66% 16.05% 10.70% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Capital Appreciation 2.83% N/A 1.40% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Capital Growth 26.29% 21.51% 12.96% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Global Dividend Growth 8.03% 13.15% 10.82% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- European Growth 22.20% 22.14% 17.21% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Pacific Growth 58.42% -1.88% -3.26% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Equity 51.07% 32.80% 20.35% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- S&P 500 Index 12.97% N/A 15.09% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Competitive Edge "Best Ideas" 19.24% N/A 9.20% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Strategist 10.68% 13.64% 10.65% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Aggressive Equity N/A N/A 64.33% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- THE UNIVERSAL INSTITUTIONAL FUNDS, INC. U.S. Real Estate -7.76% N/A -3.23% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- International Magnum 18.36% N/A 9.94% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Equity Growth 32.32% N/A 26.83% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Emerging Markets Equity 86.43% N/A 8.73% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Mid-Cap Value 13.85% N/A 20.77% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- PUTNAM VARIABLE TRUST Putnam VT Growth & Income -4.64% 16.76% 11.57% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Putnam VT International Growth 52.88% N/A 26.78% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- Putnam VT Voyager 50.89% 28.82% 19.61% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth 95.91% N/A 37.50% - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME BENEFIT COMBINATION OPTION 2) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- AIM VARIABLE INSURANCE FUNDS AIM V.I. Capital Appreciation 37.65% 22.35% 19.51% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- AIM V.I. Growth 28.44% 25.30% 19.36% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- AIM V.I. Value 23.21% 23.46% 19.87% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- ALLIANCE VARIABLE PRODUCTS SERIES FUNDS Alliance Growth 27.55% 28.49% 27.82% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Alliance Growth and Income 4.91% 21.17% 13.05% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Alliance Premier Growth N/A N/A 15.66% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER V.I.S. Money Market -1.70% 2.64% 2.72% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Quality Income Plus -10.60% 5.33% 5.49% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Short-Term Bond N/A N/A -7.42% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- High Yield -7.68% 3.32% 5.99% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Utilities 6.07% 17.17% 11.82% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Income Builder 0.54% N/A 7.21% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Dividend Growth -8.72% 15.98% 10.63% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Capital Appreciation 2.83% N/A 1.40% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Capital Growth 26.21% 21.43% 12.89% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Global Dividend Growth 7.96% 13.08% 10.75% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- European Growth 22.12% 22.07% 17.14% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Pacific Growth 58.32% -1.94% -3.32% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Equity 50.97% 32.72% 20.27% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- S&P 500 Index 12.90% N/A 15.02% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Competitive Edge "Best Ideas" 19.17% N/A 9.13% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Strategist 10.61% 13.58% 10.58% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Aggressive Equity N/A N/A 64.23% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- THE UNIVERSAL INSTITUTIONAL FUNDS, INC. U.S. Real Estate -7.82% N/A -3.29% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- International Magnum 18.28% N/A 9.87% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Equity Growth 32.24% N/A 26.76% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Emerging Markets Equity 86.32% N/A 8.66% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Mid-Cap Value 13.78% N/A 20.70% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- PUTNAM VARIABLE TRUST Putnam VT Growth & Income -4.70% 16.69% 11.50% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Putnam VT International Growth 52.78% N/A 26.71% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- Putnam VT Voyager 50.80% 28.75% 19.54% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth 95.79% N/A 37.41% - ----------------------------------------------------------------------- - ----------------------------------------------------------------------- (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME AND DEATH BENEFIT COMBINATION OPTION 2) 10 Years or Variable Sub-Account One Year Five Years Since Inception - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- AIM VARIABLE INSURANCE FUNDS AIM V.I. Capital Appreciation 37.36% 22.11% 17.82% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- AIM V.I. Growth 28.18% 25.05% 17.68% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- AIM V.I Value 22.95% 23.21% 18.14% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- ALLIANCE VARIABLE PRODUCTS SERIES FUNDS Alliance Growth 27.29% 28.23% 25.02% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Alliance Growth and Income 4.69% 20.92% 12.11% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Alliance Premier Growth N/A N/A 7.17% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER V.I.S. Money Market -1.90% 2.43% 2.52% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Quality Income Plus -10.79% 5.12% 5.28% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Short-Term Bond N/A N/A -7.62% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- High Yield -7.87% 3.11% 5.78% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Utilities 5.85% 16.93% 11.59% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Income Builder 0.33% N/A 6.98% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Dividend Growth -8.91% 15.75% 10.41% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Capital Appreciation 2.83% N/A 1.40% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Capital Growth 25.95% 21.19% 12.66% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Global Dividend Growth 7.74% 12.85% 10.53% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- European Growth 21.87% 21.82% 16.91% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Pacific Growth 57.99% -2.14% -3.52% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Equity 50.66% 32.45% 20.03% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- S&P 500 Index 12.67% N/A 14.78% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Competitive Edge "Best Ideas" 18.92% N/A 8.90% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Strategist 10.38% 13.35% 10.36% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Aggressive Equity N/A N/A 63.89% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- THE UNIVERSAL INSTITUTIONAL FUND, INC. U.S. Real Estate -8.01% N/A -3.49% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- International Magnum 18.04% N/A 9.64% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Equity Growth 31.96% N/A 26.50% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Emerging Markets Equity 85.94% N/A 8.44% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Mid-Cap Value 13.54% N/A 18.07% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- PUTNAM VARIABLE TRUST Putnam VT Growth & Income -4.90% 16.46% 11.28% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Putnam VT International Growth 52.47% N/A 23.02% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- Putnam VT Voyager 50.49% 28.49% 19.30% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- VAN KAMPEN LIFE INVESTMENT TRUST Emerging Growth 95.39% N/A 37.14% - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- PART C Part C is hereby amended to include the following exhibits: Item 24(b). EXHIBITS (4)(f) Enhanced Earnings Death Benefit Rider (9)(d) Opinion and Consent of General Counsel (10)(a) Consent of Independent Auditors * (10)(b) Consent of Outside Counsel * (13)(d) Performance Data Calculations * To be included in subsequent amendment. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant has caused this Registration Statement, as amended, to be signed on its behalf by the undersigned, thereunto duly authorized, all in the Township of Northbrook, State of Illinois, on the 27th day of September, 2000. NORTHBROOK VARIABLE ANNUITY ACCOUNT II (REGISTRANT) BY: NORTHBROOK LIFE INSURANCE COMPANY (DEPOSITOR) By: /s/MICHAEL J. VELOTTA -------------------------- Michael J. Velotta Vice President, Secretary and General Counsel As required by the Securities Act of 1933, this Registration Statement, as amended, has been duly signed below by the following Directors and Officers of Northbrook Life Insurance Company on the 27th day of September, 2000.
*/THOMAS J. WILSON, II Director, President and Chief Executive - ---------------------- Officer Thomas J. Wilson, II /s/ MICHAEL J. VELOTTA Director, Vice President, Secretary and - ---------------------- General Counsel Michael J. Velotta */MARGARET G. DYER Director - ---------------------- Margaret G. Dyer */ MARLA G. FRIEDMAN Director and Vice President - ---------------------- Marla G. Friedman */JOHN C. LOUNDS Director - ---------------------- John C. Lounds */J. KEVIN McCARTHY Director - ---------------------- J. Kevin McCarthy */STEVEN C. VERNEY Director - ---------------------- Steven C. Verney */SAMUEL H. PILCH Vice President and Controller - ---------------------- Samuel H. Pilch */CASEY J. SYLLA Chief Investment Officer - ---------------------- Casey J. Sylla
*/ By Michael J. Velotta, pursuant to Power of Attorney, filed in Registrant's Registration Statement (File no. 333-43086). EXHIBIT LIST - ------------------------------------------------------------------------------ The following exhibits are filed herewith: - ------------------------------------------------------------------------------ EXHIBIT NO. DESCRIPTION (4)(f) Enhanced Earnings Death Benefit Rider (9)(d) Opinion and Consent of General Counsel (13)(d) Performance Data Calculations EX-4 2 0002.txt RIDER NORTHBROOK LIFE INSURANCE COMPANY (herein called "we" or "us") Enhanced Earnings Death Benefit Rider This rider was issued because you selected the Enhanced Earnings Death Benefit Rider. For purposes of this benefit "Rider Date" is the date the Enhanced Earnings Death Benefit Rider was made a part of the Contract: xx/xx/xxxx As used in this rider: o Contract: The Contract or Certificate to which this rider is attached. o Death Benefit Earnings: The greater of (a) the current Cash Value less the In-Force Premium; or (b) zero. o In-Force Premium: o If the Rider Date is equal to the Contract Date: o The sum of all the purchase payments less the sum of all the Excess-of-Earnings Withdrawals. o If the Rider Date is later than the Contract Date: o The Cash Value as of the Rider Date plus all the purchase payments after the Rider Date less the sum of all the Excess-of-Earnings Withdrawals after the Rider Date. o Excess-of-Earnings Withdrawals: For each withdrawal, this amount is equal to the excess, if any, of the amount of the withdrawal less the amount of Death Benefit Earnings in the Contract immediately prior to the withdrawal. The following provision is added to the Contract. 1. Under this rider, if the oldest Owner, or the Annuitant if the Owner is a non-natural person, is age 69 or younger on the Rider Date, the Enhanced Earnings Death Benefit will be: o 40% of the lesser of the In-Force Premium or Death Benefit Earnings, calculated as of the date we receive due proof of death. If the oldest Owner, or the Annuitant if the Owner is a non-natural person, is between the ages of 70 and 79 on the Rider Date, the Enhanced Earnings Death Benefit will be: o 25% of the lesser of the In-Force Premium or Death Benefit Earnings, calculated as of the date we receive due proof of death. If the Owner is a Natural Person, the Enhanced Earnings Death Benefit is payable upon the death of the Owner. If the Owner is not a Natural Person, the Enhanced Earnings Death Benefit is payable on the death of the Annuitant. II. The Mortality and Expense Risk Charge provision of the Contract is modified as follows: On and after the Rider Date, the maximum annualized Mortality and Expense Risk Charge is increased by 0.25% for this rider. Except as amended by this rider, the Contract remains unchanged. [GRAPHIC OMITTED] [GRAPHIC OMITTED] Michael J. Velotta Thomas J. Wilson Secretary Chairman and Chief Executive Officer EX-9 3 0003.txt OPINION AND CONSENT OF GENERAL COUNSEL DATE: SEPTEMBER 27, 2000 TO: NORTHBROOK LIFE INSURANCE COMPANY NORTHBROOK, ILLINOIS 60062 FROM: MICHAEL J. VELOTTA VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL RE: FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND THE INVESTMENT COMPANY ACT OF 1940 FILES NOS. 333-35412 and 811-06116 With reference to the above mentioned Registration Statement on Form N-4 ("Registration Statement") filed by Northbrook Life Insurance Company ("the Company"), as depositor, and Northbrook Variable Annuity Account II, as registrant, with the Securities and Exchange Commission covering the Enhanced Earnings Death Benefit Rider, Form NLU940, contained therein, I have examined such documents and such law as I have considered necessary and appropriate, and on the basis of such examination, it is my opinion that as of September 27, 2000: 1. The Company is duly organized and existing under the laws of the State of Arizona and has been duly authorized to do business by the Director of Insurance of the State of Arizona. 2. The Securities registered by the Registration Statement when issued will be valid, legal and binding obligations of the Company. I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of my name under the caption "Legal Matters" in the Prospectuses constituting a part of the Registration Statement. Sincerely, /s/ MICHAEL J. VELOTTA - ----------------------- Michael J. Velotta Vice President, Secretary and General Counsel EX-13 4 0004.txt PERFORMANCE DATA CALCULATIONS
Base - Standardized Performance NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.304846 136.89543 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.89543 1368.9543 1.000 FORMULA: 1000*(1+T)= 1368.9543 - (0.85 * 1000 * 0.05) = 1326.4543 T = 32.65% R = 32.65% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.136722 122.89961 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.89961 1228.9961 1.000 FORMULA: 1000*(1+T)= 1228.9961 - (0.85 * 1000 * 0.05) = 1186.4961 T = 18.65% R = 18.65% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.231787 191.13928 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 191.13928 1911.3928 1.000 FORMULA: 1000*(1+T)= 1911.3928 - (0.85 * 1000 * 0.05) = 1868.8928 T = 86.89% R = 86.89% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.984026 200.64100 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.64100 2006.4100 1.000 FORMULA: 1000*(1+T)= 2006.4100 - (0.85 * 1000 * 0.05) = 1963.9100 T = 96.39% R = 96.39% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.338904 96.72205 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.72205 967.2205 1.000 FORMULA: 1000*(1+T)= 967.2205 - (0.85 * 1000 * 0.05) = 924.7205 T = -7.53% R = -7.53% NLIC VAII EQUITY GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.258074 137.77759 1 FEE 16-Mar-99 0 7.841098 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 137.77759 1377.7759 1.793 FORMULA: 1000*(1+T)= 1377.7759 = 1335.275884 T = 17.50% R = 33.53% NLIC VAII INTERNATIONAL MAGNUM 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 8.374509 119.40999 1 FEE 16-Mar-99 0 8.163601 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 119.40999 1194.0999 1.793 FORMULA: 1000*(1+T)= 1194.0999 = 1151.599912 T = 8.19% R = 15.16% NLIC VAII EMERGING MARKETS 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.434041 134.51634 1 FEE 16-Mar-99 0 5.754463 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 134.51634 1345.1634 1.793 FORMULA: 1000*(1+T)= 1345.1634 = 1302.663402 T = 15.89% R = 30.27% NLIC VAII EMERGING GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 4.170792 239.76264 1 FEE 16-Mar-99 0 5.513979 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 239.76264 2397.6264 1.793 FORMULA: 1000*(1+T)= 2397.6264 = 2355.126372 T = 61.23% R = 135.51% NLIC VAII REAL ESTATE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 11.718435 85.33563 1 FEE 18-May-99 0 11.105062 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 85.33563 853.3563 1.621 FORMULA: 1000*(1+T)= 853.3563 = 810.8562762 T = -12.13% R = -18.91% Base Non-Standardized Non-Standardized Calculations Dates: Current: 12/31/99 3 Months Ago: 09/30/99 End of Last Year: 12/31/98 One Yr Ago: 12/31/98 Two Yrs Ago: 12/31/97 Three Yrs Ago: 12/31/96 Five Yrs Ago: 12/31/94 Ten Yrs Ago: 12/31/89 Inception Inception Ten Yr Five Yr Three Two Fund Date AUV AUV AUV AUV AUV Emerging Growth 03/16/98 4.170791629 N/A N/A N/A N/A Emerging Markets 03/16/98 7.434041085 N/A N/A N/A N/A Equity Growth 03/16/98 7.258074491 N/A N/A N/A N/A International Magnum 03/16/98 8.374508616 N/A N/A N/A N/A Real Estate 05/18/98 11.71843494 N/A N/A N/A N/A One Yr YTD 3 Months Today's AUV AUV AUV AUV 4.984026305 4.984026305 6.256484916 10 5.231786962 5.231786962 6.721810218 10 7.304845891 7.304845891 8.247207643 10 8.136722332 8.136722332 8.960654851 10 10.33890394 10.33890394 10.14776072 10 Base Non-Standardized Performance Inception Ten Years Five Years Three Years Two Years One Year YTD Three Months Total Average Total Average Total Average Total Average Total Average 139.76% 62.79% N/A N/A N/A N/A N/A N/A N/A N/A 100.64% 100.64% 59.83% 34.52% 17.97% N/A N/A N/A N/A N/A N/A N/A N/A 91.14% 91.14% 48.77% 37.78% 19.55% N/A N/A N/A N/A N/A N/A N/A N/A 36.90% 36.90% 21.25% 19.41% 10.39% N/A N/A N/A N/A N/A N/A N/A N/A 22.90% 22.90% 11.60% - -14.66% -9.31% N/A N/A N/A N/A N/A N/A N/A N/A -3.28% -3.28% -1.46% Base- Adjusted Historical NLIC VAII MONEY MARKET 31-Dec-98 NO. YEARS 1.000 TO 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.721854 102.86104 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 102.86104 1028.6104 1.000 FORMULA: 1000*(1+T)= 1028.6104 - (0.85 * 1000 * 0.05) = 986.1104 T = -1.39% R = -1.39% NLIC VAII HIGH YIELD 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.324198 96.85983 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.85983 968.5983 1.000 FORMULA: 1000*(1+T)= 968.5983 - (0.85 * 1000 * 0.05) = 926.0983 T = -7.39% R = -7.39% NLIC VAII EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.423039 155.68955 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.68955 1556.8955 1.000 FORMULA: 1000*(1+T)= 1556.8955 - (0.85 * 1000 * 0.05) = 1514.3955 T = 51.44% R = 51.44% NLIC VAII QUALITY INCOME 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.646246 93.92982 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.92982 939.2982 1.000 FORMULA: 1000*(1+T)= 939.2982 - (0.85 * 1000 * 0.05) = 896.7982 T = -10.32% R = -10.32% NLIC VAII STRATEGIST 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.680471 115.20113 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 115.20113 1152.0113 1.000 FORMULA: 1000*(1+T)= 1152.0113 - (0.85 * 1000 * 0.05) = 1109.5113 T = 10.95% R = 10.95% NLIC VAII DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.436269 95.81968 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 95.81968 958.1968 1.000 FORMULA: 1000*(1+T)= 958.1968 - (0.85 * 1000 * 0.05) = 915.6968 T = -8.43% R = -8.43% NLIC VAII UTILITIES 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.037502 110.65004 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 110.65004 1106.5004 1.000 FORMULA: 1000*(1+T)= 1106.5004 - (0.85 * 1000 * 0.05) = 1064.0004 T = 6.40% R = 6.40% NLIC VAII EUROPEAN GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.889615 126.74890 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 126.74890 1267.4890 1.000 FORMULA: 1000*(1+T)= 1267.4890 - (0.85 * 1000 * 0.05) = 1224.9890 T = 22.50% R = 22.50% NLIC VAII CAPITAL GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.642026 130.85535 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 130.85535 1308.5535 1.000 FORMULA: 1000*(1+T)= 1308.5535 - (0.85 * 1000 * 0.05) = 1266.0535 T = 26.61% R = 26.61% NLIC VAII PACIFIC GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.132861 163.05603 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 163.05603 1630.5603 1.000 FORMULA: 1000*(1+T)= 1630.5603 - (0.85 * 1000 * 0.05) = 1588.0603 T = 58.81% R = 58.81% NLIC VAII GLOBAL DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.884789 112.55192 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 112.55192 1125.5192 1.000 FORMULA: 1000*(1+T)= 1125.5192 - (0.85 * 1000 * 0.05) = 1083.0192 T = 8.30% R = 8.30% NLIC VAII CAPITAL APPRECIATION 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.123843 98.77672 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 98.77672 1070.8371 1.000 FORMULA: 1000*(1+T)= 1070.8371 - (0.85 * 1000 * 0.05) = 1028.3371 T = 2.83% R = 2.83% NLIC VAII INCOME BUILDER 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.514625 105.10136 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 105.10136 1051.0136 1.000 FORMULA: 1000*(1+T)= 1051.0136 - (0.85 * 1000 * 0.05) = 1008.5136 T = 0.85% R = 0.85% NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.304846 136.89543 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.89543 1368.9543 1.000 FORMULA: 1000*(1+T)= 1368.9543 - (0.85 * 1000 * 0.05) = 1326.4543 T = 32.65% R = 32.65% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.136722 122.89961 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.89961 1228.9961 1.000 FORMULA: 1000*(1+T)= 1228.9961 - (0.85 * 1000 * 0.05) = 1186.4961 T = 18.65% R = 18.65% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.231787 191.13928 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 191.13928 1911.3928 1.000 FORMULA: 1000*(1+T)= 1911.3928 - (0.85 * 1000 * 0.05) = 1868.8928 T = 86.89% R = 86.89% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.984026 200.64100 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.64100 2006.4100 1.000 FORMULA: 1000*(1+T)= 2006.4100 - (0.85 * 1000 * 0.05) = 1963.9100 T = 96.39% R = 96.39% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.338904 96.72205 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.72205 967.2205 1.000 FORMULA: 1000*(1+T)= 967.2205 - (0.85 * 1000 * 0.05) = 924.7205 T = -7.53% R = -7.53% NLIC VAII COMPETITIVE EDGE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.078399 123.78690 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 123.78690 1237.8690 1.000 FORMULA: 1000*(1+T)= 1237.8690 - (0.85 * 1000 * 0.05) = 1195.3690 T = 19.54% R = 19.54% NLIC VAII S&P 500 INDEX 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.510285 117.50488 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.50488 1175.0488 1.000 FORMULA: 1000*(1+T)= 1175.0488 - (0.85 * 1000 * 0.05) = 1132.5488 T = 13.25% R = 13.25% NLIC VAII AGGRESSIVE EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Premier Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.564304 132.19987 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 132.19987 1321.9987 1.000 FORMULA: 1000*(1+T)= 1321.9987 - (0.85 * 1000 * 0.05) = 1279.4987 T = 27.95% R = 27.95% Alliance Growth and Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.133487 109.48721 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 109.48721 1094.8721 1.000 FORMULA: 1000*(1+T)= 1094.8721 - (0.85 * 1000 * 0.05) = 1052.3721 T = 5.24% R = 5.24% Aim Cap App 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.026341 142.32159 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 142.32159 1423.2159 1.000 FORMULA: 1000*(1+T)= 1423.2159 - (0.85 * 1000 * 0.05) = 1380.7159 T = 38.07% R = 38.07% Aim Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.513654 133.09103 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 133.09103 1330.9103 1.000 FORMULA: 1000*(1+T)= 1330.9103 - (0.85 * 1000 * 0.05) = 1288.4103 T = 28.84% R = 28.84% Aim Value 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.822414 127.83778 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 127.83778 1278.3778 1.000 FORMULA: 1000*(1+T)= 1278.3778 - (0.85 * 1000 * 0.05) = 1235.8778 T = 23.59% R = 23.59% Putnam International Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.349148 157.50146 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 157.50146 1575.0146 1.000 FORMULA: 1000*(1+T)= 1575.0146 - (0.85 * 1000 * 0.05) = 1532.5146 T = 53.25% R = 53.25% Putnam Voyager 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.430317 155.51332 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.51332 1555.1332 1.000 FORMULA: 1000*(1+T)= 1555.1332 - (0.85 * 1000 * 0.05) = 1512.6332 T = 51.26% R = 51.26% Putnam Growth & Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.014834 99.85188 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 99.85188 998.5188 1.000 FORMULA: 1000*(1+T)= 998.5188 - (0.85 * 1000 * 0.05) = 956.0188 T = -4.40% R = -4.40% MSDW Mid Cap 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.447050 118.38452 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 118.38452 1183.8452 1.000 FORMULA: 1000*(1+T)= 1183.8452 - (0.85 * 1000 * 0.05) = 1141.3452 T = 14.13% R = 14.13% NLIC VAII MONEY MARKET 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.521232 117.35393 FEE 31-Dec-95 0 8.834608 0.00000 FEE 31-Dec-96 0 9.115224 0.00000 FEE 31-Dec-97 0 9.416582 0.00000 FEE 31-Dec-98 0 9.721854 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.35393 1173.5393 5.000 FORMULA: 1000*(1+T)= 1173.5393 - (0.85 * 1000 * 0.02) = 1156.539263 T = 2.95% R = 15.65% NLIC VAII HIGH YIELD 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.249288 121.22258 FEE 31-Dec-95 0 9.288643 0.00000 FEE 31-Dec-96 0 10.209852 0.00000 FEE 31-Dec-97 0 11.212084 0.00000 FEE 31-Dec-98 0 10.324198 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 121.22258 1212.2258 5.000 FORMULA: 1000*(1+T)= 1212.2258 - (0.85 * 1000 * 0.02) = 1195.225812 T = 3.63% R = 19.52% NLIC VAII EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.382581 419.71283 FEE 31-Dec-95 0 3.370686 0.00000 FEE 31-Dec-96 0 3.717571 0.00000 FEE 31-Dec-97 0 5.015620 0.00000 FEE 31-Dec-98 0 6.423039 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 419.71283 4197.1283 5.000 FORMULA: 1000*(1+T)= 4197.1283 - (0.85 * 1000 * 0.02) = 4180.128312 T = 33.12% R = 318.01% NLIC VAII QUALITY INCOME 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 7.499624 133.34002 FEE 31-Dec-95 0 9.178050 0.00000 FEE 31-Dec-96 0 9.149190 0.00000 FEE 31-Dec-97 0 9.979706 0.00000 FEE 31-Dec-98 0 10.646246 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 133.34002 1333.4002 5.000 FORMULA: 1000*(1+T)= 1333.4002 - (0.85 * 1000 * 0.02) = 1316.400237 T = 5.65% R = 31.64% NLIC VAII STRATEGIST 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.166316 193.56154 FEE 31-Dec-95 0 5.543716 0.00000 FEE 31-Dec-96 0 6.259134 0.00000 FEE 31-Dec-97 0 6.987403 0.00000 FEE 31-Dec-98 0 8.680471 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 193.56154 1935.6154 5.000 FORMULA: 1000*(1+T)= 1935.6154 - (0.85 * 1000 * 0.02) = 1918.615361 T = 13.92% R = 91.86% NLIC VAII DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.656436 214.75651 FEE 31-Dec-95 0 6.200354 0.00000 FEE 31-Dec-96 0 7.544539 0.00000 FEE 31-Dec-97 0 9.302881 0.00000 FEE 31-Dec-98 0 10.436269 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 214.75651 2147.5651 5.000 FORMULA: 1000*(1+T)= 2147.5651 - (0.85 * 1000 * 0.02) = 2130.565138 T = 16.33% R = 113.06% NLIC VAII UTILITIES 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.426566 225.90874 FEE 31-Dec-95 0 5.586280 0.00000 FEE 31-Dec-96 0 5.959337 0.00000 FEE 31-Dec-97 0 7.438661 0.00000 FEE 31-Dec-98 0 9.037502 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 225.90874 2259.0874 5.000 FORMULA: 1000*(1+T)= 2259.0874 - (0.85 * 1000 * 0.02) = 2242.087401 T = 17.53% R = 124.21% NLIC VAII EUROPEAN GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.612320 276.83040 FEE 31-Dec-95 0 4.458633 0.00000 FEE 31-Dec-96 0 5.689156 0.00000 FEE 31-Dec-97 0 6.483170 0.00000 FEE 31-Dec-98 0 7.889615 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 276.83040 2768.3040 5.000 FORMULA: 1000*(1+T)= 2768.3040 - (0.85 * 1000 * 0.02) = 2751.303987 T = 22.44% R = 175.13% NLIC VAII CAPITAL GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.706921 269.76568 FEE 31-Dec-95 0 4.860975 0.00000 FEE 31-Dec-96 0 5.322362 0.00000 FEE 31-Dec-97 0 6.507075 0.00000 FEE 31-Dec-98 0 7.642026 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 269.76568 2697.6568 5.000 FORMULA: 1000*(1+T)= 2697.6568 - (0.85 * 1000 * 0.02) = 2680.656841 T = 21.80% R = 168.07% NLIC VAII PACIFIC GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 10.665738 93.75816 FEE 31-Dec-95 0 11.180436 0.00000 FEE 31-Dec-96 0 11.400995 0.00000 FEE 31-Dec-97 0 6.972477 0.00000 FEE 31-Dec-98 0 6.132861 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.75816 937.5816 5.000 FORMULA: 1000*(1+T)= 937.5816 - (0.85 * 1000 * 0.02) = 920.5816371 T = -1.64% R = -7.94% NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.278904 189.43325 FEE 31-Dec-95 0 6.335445 0.00000 FEE 31-Dec-96 0 7.312441 0.00000 FEE 31-Dec-97 0 8.042672 0.00000 FEE 31-Dec-98 0 8.884789 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 189.43325 1894.3325 5.000 FORMULA: 1000*(1+T)= 1894.3325 - (0.85 * 1000 * 0.02) = 1877.332497 T = 13.42% R = 87.73% NLIC VAII CAPITAL APPRECIATION 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 11.163269 0.00000 FEE 31-Dec-98 0 10.123843 0.00000 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 9.390450 0.00000 FEE 31-Dec-98 0 9.514625 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 6.237828 0.00000 FEE 31-Dec-98 0 7.304846 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.634101 0.00000 FEE 31-Dec-98 0 8.136722 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 7.175028 0.00000 FEE 31-Dec-97 0 7.065187 0.00000 FEE 31-Dec-98 0 5.231787 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 2.726609 0.00000 FEE 31-Dec-96 0 3.122023 0.00000 FEE 31-Dec-97 0 3.690791 0.00000 FEE 31-Dec-98 0 4.984026 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 12.097612 0.00000 FEE 31-Dec-98 0 10.338904 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.078399 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.510285 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Premier Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.799883 357.15777 FEE 31-Dec-95 0 3.718119 0.00000 FEE 31-Dec-96 0 4.689781 0.00000 FEE 31-Dec-97 0 5.985950 0.00000 FEE 31-Dec-98 0 7.564304 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 357.15777 3571.5777 5.000 FORMULA: 1000*(1+T)= 3571.5777 - (0.85 * 1000 * 0.02) = 3554.577673 T = 28.87% R = 255.46% Alliance Growth and Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.748071 266.80394 FEE 31-Dec-95 0 4.996961 0.00000 FEE 31-Dec-96 0 6.087074 0.00000 FEE 31-Dec-97 0 7.696255 0.00000 FEE 31-Dec-98 0 9.133487 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 266.80394 2668.0394 5.000 FORMULA: 1000*(1+T)= 2668.0394 - (0.85 * 1000 * 0.02) = 2651.039359 T = 21.53% R = 165.10% Aim Cap App 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.570288 280.08946 FEE 31-Dec-95 0 4.767747 0.00000 FEE 31-Dec-96 0 5.516527 0.00000 FEE 31-Dec-97 0 6.162162 0.00000 FEE 31-Dec-98 0 7.026341 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 280.08946 2800.8946 5.000 FORMULA: 1000*(1+T)= 2800.8946 - (0.85 * 1000 * 0.02) = 2783.8946 T = 22.72% R = 178.39% Aim Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.172230 315.23568 FEE 31-Dec-95 0 4.207528 0.00000 FEE 31-Dec-96 0 4.889399 0.00000 FEE 31-Dec-97 0 6.104696 0.00000 FEE 31-Dec-98 0 7.513654 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 315.23568 3152.3568 5.000 FORMULA: 1000*(1+T)= 3152.3568 - (0.85 * 1000 * 0.02) = 3135.35681 T = 25.68% R = 213.54% Aim Value 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.413906 292.91963 FEE 31-Dec-95 0 4.577811 0.00000 FEE 31-Dec-96 0 5.181536 0.00000 FEE 31-Dec-97 0 6.307296 0.00000 FEE 31-Dec-98 0 7.822414 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 292.91963 2929.1963 5.000 FORMULA: 1000*(1+T)= 2929.1963 - (0.85 * 1000 * 0.02) = 2912.196334 T = 23.84% R = 191.22% Putnam International Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 5.447615 0.00000 FEE 31-Dec-98 0 6.349148 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.771622 360.79959 FEE 31-Dec-95 0 3.825563 0.00000 FEE 31-Dec-96 0 4.240358 0.00000 FEE 31-Dec-97 0 5.263768 0.00000 FEE 31-Dec-98 0 6.430317 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 360.79959 3607.9959 5.000 FORMULA: 1000*(1+T)= 3607.9959 - (0.85 * 1000 * 0.02) = 3590.995878 T = 29.13% R = 259.10% Putnam Growth & Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.517303 221.37104 FEE 31-Dec-95 0 6.059594 0.00000 FEE 31-Dec-96 0 7.248747 0.00000 FEE 31-Dec-97 0 8.829962 0.00000 FEE 31-Dec-98 0 10.014834 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 221.37104 2213.7104 5.000 FORMULA: 1000*(1+T)= 2213.7104 - (0.85 * 1000 * 0.02) = 2196.710369 T = 17.05% R = 119.67% MSDW Mid Cap 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.625185 0.00000 FEE 31-Dec-98 0 8.447050 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII MONEY MARKET 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 7.417636 134.81384 FEE 29-Dec-90 0 7.856091 0.00000 FEE 29-Dec-91 0 8.156955 0.00000 FEE 29-Dec-92 0 8.284320 0.00000 FEE 29-Dec-93 0 8.356140 0.00000 FEE 29-Dec-94 0 8.515946 0.00000 FEE 29-Dec-95 0 8.834608 0.00000 FEE 29-Dec-96 0 9.112109 0.00000 FEE 29-Dec-97 0 9.414824 0.00000 FEE 29-Dec-98 0 9.720341 0.00000 FEE 29-Dec-99 0 9.998044 0.00000 RESULTING VALUE 29-Dec-99 9.998044 134.81384 1347.8747 10.000 FORMULA: 1000*(1+T)= 1347.8747 - (0.85 * 1000 * 0) = 1347.874714 T = 3.03% R = 34.79% NLIC VAII HIGH YIELD 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.418665 184.54730 FEE 29-Dec-90 0 3.937705 0.00000 FEE 29-Dec-91 0 5.986942 0.00000 FEE 29-Dec-92 0 7.055588 0.00000 FEE 29-Dec-93 0 8.564340 0.00000 FEE 29-Dec-94 0 8.223931 0.00000 FEE 29-Dec-95 0 9.288643 0.00000 FEE 29-Dec-96 0 10.190787 0.00000 FEE 29-Dec-97 0 11.198444 0.00000 FEE 29-Dec-98 0 10.303369 0.00000 FEE 29-Dec-99 0 9.987366 0.00000 RESULTING VALUE 29-Dec-99 9.987366 184.54730 1843.1415 10.000 FORMULA: 1000*(1+T)= 1843.1415 - (0.85 * 1000 * 0) = 1843.141462 T = 6.31% R = 84.31% NLIC VAII EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.512002 661.37491 FEE 29-Dec-90 0 1.425587 0.00000 FEE 29-Dec-91 0 2.175343 0.00000 FEE 29-Dec-92 0 2.173940 0.00000 FEE 29-Dec-93 0 2.574958 0.00000 FEE 29-Dec-94 0 2.413970 0.00000 FEE 29-Dec-95 0 3.370686 0.00000 FEE 29-Dec-96 0 3.761005 0.00000 FEE 29-Dec-97 0 4.889814 0.00000 FEE 29-Dec-98 0 6.413226 0.00000 FEE 29-Dec-99 0 9.869786 0.00000 RESULTING VALUE 29-Dec-99 9.869786 661.37491 6527.6289 10.000 FORMULA: 1000*(1+T)= 6527.6289 - (0.85 * 1000 * 0) = 6527.628901 T = 20.64% R = 552.76% NLIC VAII QUALITY INCOME 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.700506 175.42303 FEE 29-Dec-90 0 5.944890 0.00000 FEE 29-Dec-91 0 6.911768 0.00000 FEE 29-Dec-92 0 7.392409 0.00000 FEE 29-Dec-93 0 8.259725 0.00000 FEE 29-Dec-94 0 7.532550 0.00000 FEE 29-Dec-95 0 9.178050 0.00000 FEE 29-Dec-96 0 9.219657 0.00000 FEE 29-Dec-97 0 9.969144 0.00000 FEE 29-Dec-98 0 10.612713 0.00000 FEE 29-Dec-99 0 10.023510 0.00000 RESULTING VALUE 29-Dec-99 10.023510 175.42303 1758.3545 10.000 FORMULA: 1000*(1+T)= 1758.3545 - (0.85 * 1000 * 0) = 1758.354546 T = 5.81% R = 75.84% NLIC VAII STRATEGIST 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.532875 283.05556 FEE 29-Dec-90 0 3.507891 0.00000 FEE 29-Dec-91 0 4.335540 0.00000 FEE 29-Dec-92 0 4.664681 0.00000 FEE 29-Dec-93 0 5.083227 0.00000 FEE 29-Dec-94 0 5.162120 0.00000 FEE 29-Dec-95 0 5.543716 0.00000 FEE 29-Dec-96 0 6.333633 0.00000 FEE 29-Dec-97 0 6.896761 0.00000 FEE 29-Dec-98 0 8.701026 0.00000 FEE 29-Dec-99 0 9.954563 0.00000 RESULTING VALUE 29-Dec-99 9.954563 283.05556 2817.6943 10.000 FORMULA: 1000*(1+T)= 2817.6943 - (0.85 * 1000 * 0) = 2817.694279 T = 10.91% R = 181.77% NLIC VAII DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.248294 0.00000 FEE 29-Dec-91 0 4.003141 0.00000 FEE 29-Dec-92 0 4.341161 0.00000 FEE 29-Dec-93 0 4.907710 0.00000 FEE 29-Dec-94 0 4.642610 0.00000 FEE 29-Dec-95 0 6.200354 0.00000 FEE 29-Dec-96 0 7.663510 0.00000 FEE 29-Dec-97 0 9.149705 0.00000 FEE 29-Dec-98 0 10.501147 0.00000 FEE 29-Dec-99 0 9.909608 0.00000 RESULTING VALUE 29-Dec-99 9.909608 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII UTILITIES 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.338916 0.00000 FEE 29-Dec-91 0 3.882167 0.00000 FEE 29-Dec-92 0 4.360876 0.00000 FEE 29-Dec-93 0 4.978025 0.00000 FEE 29-Dec-94 0 4.434398 0.00000 FEE 29-Dec-95 0 5.586280 0.00000 FEE 29-Dec-96 0 6.006653 0.00000 FEE 29-Dec-97 0 7.386581 0.00000 FEE 29-Dec-98 0 9.018875 0.00000 FEE 29-Dec-99 0 9.911385 0.00000 RESULTING VALUE 29-Dec-99 9.911385 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EUROPEAN GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 2.361034 0.00000 FEE 29-Dec-92 0 2.442570 0.00000 FEE 29-Dec-93 0 3.437512 0.00000 FEE 29-Dec-94 0 3.595396 0.00000 FEE 29-Dec-95 0 4.458633 0.00000 FEE 29-Dec-96 0 5.600562 0.00000 FEE 29-Dec-97 0 6.481073 0.00000 FEE 29-Dec-98 0 7.951381 0.00000 FEE 29-Dec-99 0 9.854821 0.00000 RESULTING VALUE 29-Dec-99 9.854821 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 4.117088 0.00000 FEE 29-Dec-92 0 4.206857 0.00000 FEE 29-Dec-93 0 3.856995 0.00000 FEE 29-Dec-94 0 3.731812 0.00000 FEE 29-Dec-95 0 4.860975 0.00000 FEE 29-Dec-96 0 5.339426 0.00000 FEE 29-Dec-97 0 6.255099 0.00000 FEE 29-Dec-98 0 7.470116 0.00000 FEE 29-Dec-99 0 9.899861 0.00000 RESULTING VALUE 29-Dec-99 9.899861 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII PACIFIC GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 10.748249 0.00000 FEE 29-Dec-95 0 11.180436 0.00000 FEE 29-Dec-96 0 11.323150 0.00000 FEE 29-Dec-97 0 6.882027 0.00000 FEE 29-Dec-98 0 6.073932 0.00000 FEE 29-Dec-99 0 9.883071 0.00000 RESULTING VALUE 29-Dec-99 9.883071 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 5.272049 0.00000 FEE 29-Dec-95 0 6.335445 0.00000 FEE 29-Dec-96 0 7.315629 0.00000 FEE 29-Dec-97 0 7.958851 0.00000 FEE 29-Dec-98 0 8.860312 0.00000 FEE 29-Dec-99 0 9.906482 0.00000 RESULTING VALUE 29-Dec-99 9.906482 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL APPRECIATION 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 10.769665 0.00000 FEE 29-Dec-98 0 10.066025 0.00000 FEE 29-Dec-99 0 10.840987 0.00000 RESULTING VALUE 29-Dec-99 10.840987 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 9.270408 0.00000 FEE 29-Dec-98 0 9.449234 0.00000 FEE 29-Dec-99 0 9.849474 0.00000 RESULTING VALUE 29-Dec-99 9.849474 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 6.081757 0.00000 FEE 29-Dec-98 0 7.310425 0.00000 FEE 29-Dec-99 0 9.956694 0.00000 RESULTING VALUE 29-Dec-99 9.956694 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 7.590740 0.00000 FEE 29-Dec-98 0 8.123054 0.00000 FEE 29-Dec-99 0 9.878605 0.00000 RESULTING VALUE 29-Dec-99 9.878605 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 7.161801 0.00000 FEE 29-Dec-97 0 6.983476 0.00000 FEE 29-Dec-98 0 5.202879 0.00000 FEE 29-Dec-99 0 9.885389 0.00000 RESULTING VALUE 29-Dec-99 9.885389 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 2.726609 0.00000 FEE 29-Dec-96 0 3.113509 0.00000 FEE 29-Dec-97 0 3.545306 0.00000 FEE 29-Dec-98 0 4.902994 0.00000 FEE 29-Dec-99 0 9.862555 0.00000 RESULTING VALUE 29-Dec-99 9.862555 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 11.897358 0.00000 FEE 29-Dec-98 0 10.171128 0.00000 FEE 29-Dec-99 0 9.935142 0.00000 RESULTING VALUE 29-Dec-99 9.935142 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.103927 0.00000 FEE 29-Dec-99 0 9.968673 0.00000 RESULTING VALUE 29-Dec-99 9.968673 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.587009 0.00000 FEE 29-Dec-99 0 9.963778 0.00000 RESULTING VALUE 29-Dec-99 9.963778 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 9.884318 0.00000 RESULTING VALUE 29-Dec-99 9.884318 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 10.005611 0.00000 RESULTING VALUE 29-Dec-99 10.005611 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.609051 621.48423 FEE 29-Dec-90 0 1.533271 0.00000 FEE 29-Dec-91 0 2.130802 0.00000 FEE 29-Dec-92 0 2.368234 0.00000 FEE 29-Dec-93 0 2.777336 0.00000 FEE 29-Dec-94 0 2.769413 0.00000 FEE 29-Dec-95 0 3.825961 0.00000 FEE 29-Dec-96 0 4.249062 0.00000 FEE 29-Dec-97 0 5.108049 0.00000 FEE 29-Dec-98 0 6.322783 0.00000 FEE 29-Dec-99 0 9.875312 0.00000 RESULTING VALUE 29-Dec-99 9.875312 621.48423 6137.3507 10.000 FORMULA: 1000*(1+T)= 6137.3507 - (0.85 * 1000 * 0) = 6137.350653 T = 19.89% R = 513.74% Putnam Growth & Income 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.252250 307.47942 FEE 29-Dec-90 0 3.248987 0.00000 FEE 29-Dec-91 0 3.736369 0.00000 FEE 29-Dec-92 0 4.082326 0.00000 FEE 29-Dec-93 0 4.604272 0.00000 FEE 29-Dec-94 0 4.517773 0.00000 FEE 29-Dec-95 0 6.060225 0.00000 FEE 29-Dec-96 0 7.365390 0.00000 FEE 29-Dec-97 0 8.681198 0.00000 FEE 29-Dec-98 0 10.113261 0.00000 FEE 29-Dec-99 0 9.952272 0.00000 RESULTING VALUE 29-Dec-99 9.952272 307.47942 3060.1189 10.000 FORMULA: 1000*(1+T)= 3060.1189 - (0.85 * 1000 * 0) = 3060.118888 T = 11.83% R = 206.01% NLIC VAII MONEY MARKET 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 5.563931 179.72905 1 FEE 09-Mar-85 0 5.769444 0.00000 0.06 2 FEE 09-Mar-86 0 6.098793 0.00000 0.05 3 FEE 09-Mar-87 0 6.351695 0.00000 0.05 4 09-Mar-88 0 6.641037 0.00000 0.04 5 09-Mar-89 0 7.016214 0.00000 0.03 6 09-Mar-90 0 7.502360 0.00000 0.02 7 09-Mar-91 0 7.928454 0.00000 0 8 09-Mar-92 0 8.193034 0.00000 0 9 09-Mar-93 0 8.300285 0.00000 0 10 09-Mar-94 0 8.370483 0.00000 0 11 09-Mar-95 0 8.577030 0.00000 0 12 09-Mar-96 0 8.889021 0.00000 0 13 09-Mar-97 0 9.166406 0.00000 0 14 FEE 09-Mar-98 0 9.474443 0.00000 0 15 FEE 09-Mar-99 0 9.771142 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 179.72905 1797.2905 15.811 FORMULA: 1000*(1+T)= 1797.2905 = 1797.290511 T = 3.78% R = 79.73% NLIC VAII HIGH YIELD 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 3.944201 253.53674 1 FEE 09-Mar-85 0 4.398897 0.00000 0.06 2 FEE 09-Mar-86 0 5.554507 0.00000 0.05 3 FEE 09-Mar-87 0 6.521386 0.00000 0.05 4 09-Mar-88 0 6.169265 0.00000 0.04 5 09-Mar-89 0 6.554363 0.00000 0.03 6 09-Mar-90 0 5.103243 0.00000 0.02 7 09-Mar-91 0 4.626255 0.00000 0 8 09-Mar-92 0 6.984723 0.00000 0 9 09-Mar-93 0 7.578308 0.00000 0 10 09-Mar-94 0 8.859192 0.00000 0 11 09-Mar-95 0 8.352480 0.00000 0 12 09-Mar-96 0 9.504487 0.00000 0 13 09-Mar-97 0 10.209348 0.00000 0 14 FEE 09-Mar-98 0 11.390291 0.00000 0 15 FEE 09-Mar-99 0 10.187016 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 253.53674 2535.3674 15.811 FORMULA: 1000*(1+T)= 2535.3674 = 2535.367431 T = 6.06% R = 153.54% NLIC VAII EQUITY 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 0.869207 1150.47398 1 FEE 09-Mar-85 0 0.988527 0.00000 0.06 2 FEE 09-Mar-86 0 1.259527 0.00000 0.05 3 FEE 09-Mar-87 0 1.556397 0.00000 0.05 4 09-Mar-88 0 1.330267 0.00000 0.04 5 09-Mar-89 0 1.358496 0.00000 0.03 6 09-Mar-90 0 1.456587 0.00000 0.02 7 09-Mar-91 0 1.696548 0.00000 0 8 09-Mar-92 0 2.072826 0.00000 0 9 09-Mar-93 0 2.312740 0.00000 0 10 09-Mar-94 0 2.690968 0.00000 0 11 09-Mar-95 0 2.490897 0.00000 0 12 09-Mar-96 0 3.378585 0.00000 0 13 09-Mar-97 0 4.008440 0.00000 0 14 FEE 09-Mar-98 0 5.337779 0.00000 0 15 FEE 09-Mar-99 0 6.991709 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 1150.47398 11504.7398 15.811 FORMULA: 1000*(1+T)= 11504.7398 = 11504.73982 T = 16.71% R = 1050.47% NLIC VAII QUALITY INCOME 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 5.069110 0.00000 0.06 2 FEE 01-Mar-89 0 5.145717 0.00000 0.05 3 FEE 01-Mar-90 0 5.562936 0.00000 0.05 4 01-Mar-91 0 6.117093 0.00000 0.04 5 01-Mar-92 0 6.888775 0.00000 0.03 6 01-Mar-93 0 7.779857 0.00000 0.02 7 01-Mar-94 0 8.017403 0.00000 0 8 01-Mar-95 0 7.887907 0.00000 0 9 01-Mar-96 0 8.963154 0.00000 0 10 01-Mar-97 0 9.164082 0.00000 0 11 01-Mar-98 0 10.052779 0.00000 0 12 01-Mar-99 0 10.326276 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII STRATEGIST 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 3.153501 0.00000 0.06 2 FEE 01-Mar-89 0 3.279650 0.00000 0.05 3 FEE 01-Mar-90 0 3.522617 0.00000 0.05 4 01-Mar-91 0 3.928326 0.00000 0.04 5 01-Mar-92 0 4.469586 0.00000 0.03 6 01-Mar-93 0 4.775847 0.00000 0.02 7 01-Mar-94 0 5.101981 0.00000 0 8 01-Mar-95 0 5.205067 0.00000 0 9 01-Mar-96 0 5.708225 0.00000 0 10 01-Mar-97 0 6.490627 0.00000 0 11 01-Mar-98 0 7.461225 0.00000 0 12 01-Mar-99 0 8.763376 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII DIVIDEND GROWTH 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.593818 278.25561 1 FEE 01-Mar-91 0 3.681886 0.00000 0.06 2 FEE 01-Mar-92 0 4.110500 0.00000 0.05 3 FEE 01-Mar-93 0 4.492197 0.00000 0.05 4 01-Mar-94 0 4.807839 0.00000 0.04 5 01-Mar-95 0 4.926142 0.00000 0.03 6 01-Mar-96 0 6.569185 0.00000 0.02 7 01-Mar-97 0 7.820466 0.00000 0 8 01-Mar-98 0 9.876850 0.00000 0 9 01-Mar-99 0 10.202416 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 278.25561 2782.5561 9.834 FORMULA: 1000*(1+T)= 2782.5561 = 2782.556083 T = 10.97% R = 178.26% NLIC VAII UTILITIES 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.237307 308.89871 1 FEE 01-Mar-91 0 3.437432 0.00000 0.06 2 FEE 01-Mar-92 0 3.797553 0.00000 0.05 3 FEE 01-Mar-93 0 4.683841 0.00000 0.05 4 01-Mar-94 0 4.699490 0.00000 0.04 5 01-Mar-95 0 4.593407 0.00000 0.03 6 01-Mar-96 0 5.617825 0.00000 0.02 7 01-Mar-97 0 6.011264 0.00000 0 8 01-Mar-98 0 7.640277 0.00000 0 9 01-Mar-99 0 8.700554 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 308.89871 3088.9871 9.834 FORMULA: 1000*(1+T)= 3088.9871 = 3088.987113 T = 12.15% R = 208.90% Standardized - (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE PERFORMANCE DEATH BENEFIT OPTION) NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.304846 136.89543 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.89543 1368.9543 1.000 FORMULA: 1000*(1+T)= 1368.9543 - (0.85 * 1000 * 0.05) = 1326.4543 T = 32.65% R = 32.65% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.136722 122.89961 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.89961 1228.9961 1.000 FORMULA: 1000*(1+T)= 1228.9961 - (0.85 * 1000 * 0.05) = 1186.4961 T = 18.65% R = 18.65% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.231787 191.13928 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 191.13928 1911.3928 1.000 FORMULA: 1000*(1+T)= 1911.3928 - (0.85 * 1000 * 0.05) = 1868.8928 T = 86.89% R = 86.89% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.984026 200.64100 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.64100 2006.4100 1.000 FORMULA: 1000*(1+T)= 2006.4100 - (0.85 * 1000 * 0.05) = 1963.9100 T = 96.39% R = 96.39% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.338904 96.72205 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.72205 967.2205 1.000 FORMULA: 1000*(1+T)= 967.2205 - (0.85 * 1000 * 0.05) = 924.7205 T = -7.53% R = -7.53% NLIC VAII EQUITY GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.258074 137.77759 1 FEE 16-Mar-99 0 7.841098 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 137.77759 1377.7759 1.793 FORMULA: 1000*(1+T)= 1377.7759 = 1335.275884 T = 17.50% R = 33.53% NLIC VAII INTERNATIONAL MAGNUM 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 8.374509 119.40999 1 FEE 16-Mar-99 0 8.163601 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 119.40999 1194.0999 1.793 FORMULA: 1000*(1+T)= 1194.0999 = 1151.599912 T = 8.19% R = 15.16% NLIC VAII EMERGING MARKETS 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.434041 134.51634 1 FEE 16-Mar-99 0 5.754463 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 134.51634 1345.1634 1.793 FORMULA: 1000*(1+T)= 1345.1634 = 1302.663402 T = 15.89% R = 30.27% NLIC VAII EMERGING GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 4.170792 239.76264 1 FEE 16-Mar-99 0 5.513979 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 239.76264 2397.6264 1.793 FORMULA: 1000*(1+T)= 2397.6264 = 2355.126372 T = 61.23% R = 135.51% NLIC VAII REAL ESTATE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 11.718435 85.33563 1 FEE 18-May-99 0 11.105062 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 85.33563 853.3563 1.621 FORMULA: 1000*(1+T)= 853.3563 = 810.8562762 T = -12.13% R = -18.91% Non-Standardized Calculations Dates: Current: 12/31/99 3 Months Ago: 09/30/99 End of Last Year: 12/31/98 One Yr Ago: 12/31/98 Two Yrs Ago: 12/31/97 Three Yrs Ago: 12/31/96 Five Yrs Ago: 12/31/94 Ten Yrs Ago: 12/31/89 Inception Inception Ten Yr Five Yr Three Two One Yr YTD 3 Months Today's Fund Date AUV AUV AUV AUV AUV AUV AUV AUV AUV Emerging Growth 03/16/98 4.170791629 N/A N/A N/A N/A 4.984026305 4.984026305 6.256484916 10 Emerging Markets 03/16/98 7.434041085 N/A N/A N/A N/A 5.231786962 5.231786962 6.721810218 10 Equity Growth 03/16/98 7.258074491 N/A N/A N/A N/A 7.304845891 7.304845891 8.247207643 10 International Magnum 03/16/98 8.374508616 N/A N/A N/A N/A 8.136722332 8.136722332 8.960654851 10 Real Estate 05/18/98 11.71843494 N/A N/A N/A N/A 10.33890394 10.33890394 10.14776072 10 Non-Standardized Performance Inception Ten Years Five Years Three Years Two Years One Year YTD Three Months Total Average Total Average Total Average Total Average Total Average 139.76% 62.79% N/A N/A N/A N/A N/A N/A N/A N/A 100.64% 100.64% 59.83% 34.52% 17.97% N/A N/A N/A N/A N/A N/A N/A N/A 91.14% 91.14% 48.77% 37.78% 19.55% N/A N/A N/A N/A N/A N/A N/A N/A 36.90% 36.90% 21.25% 19.41% 10.39% N/A N/A N/A N/A N/A N/A N/A N/A 22.90% 22.90% 11.60% - -14.66% -9.31% N/A N/A N/A N/A N/A N/A N/A N/A -3.28% -3.28% -1.46% Adjusted Historical NLIC VAII MONEY MARKET 31-Dec-98 NO. YEARS 1.000 TO 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.721854 102.86104 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 102.86104 1028.6104 1.000 FORMULA: 1000*(1+T)= 1028.6104 - (0.85 * 1000 * 0.05) = 986.1104 T = -1.39% R = -1.39% NLIC VAII HIGH YIELD 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.324198 96.85983 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.85983 968.5983 1.000 FORMULA: 1000*(1+T)= 968.5983 - (0.85 * 1000 * 0.05) = 926.0983 T = -7.39% R = -7.39% NLIC VAII EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.423039 155.68955 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.68955 1556.8955 1.000 FORMULA: 1000*(1+T)= 1556.8955 - (0.85 * 1000 * 0.05) = 1514.3955 T = 51.44% R = 51.44% NLIC VAII QUALITY INCOME 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.646246 93.92982 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.92982 939.2982 1.000 FORMULA: 1000*(1+T)= 939.2982 - (0.85 * 1000 * 0.05) = 896.7982 T = -10.32% R = -10.32% NLIC VAII STRATEGIST 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.680471 115.20113 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 115.20113 1152.0113 1.000 FORMULA: 1000*(1+T)= 1152.0113 - (0.85 * 1000 * 0.05) = 1109.5113 T = 10.95% R = 10.95% NLIC VAII DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.436269 95.81968 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 95.81968 958.1968 1.000 FORMULA: 1000*(1+T)= 958.1968 - (0.85 * 1000 * 0.05) = 915.6968 T = -8.43% R = -8.43% NLIC VAII UTILITIES 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.037502 110.65004 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 110.65004 1106.5004 1.000 FORMULA: 1000*(1+T)= 1106.5004 - (0.85 * 1000 * 0.05) = 1064.0004 T = 6.40% R = 6.40% NLIC VAII EUROPEAN GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.889615 126.74890 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 126.74890 1267.4890 1.000 FORMULA: 1000*(1+T)= 1267.4890 - (0.85 * 1000 * 0.05) = 1224.9890 T = 22.50% R = 22.50% NLIC VAII CAPITAL GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.642026 130.85535 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 130.85535 1308.5535 1.000 FORMULA: 1000*(1+T)= 1308.5535 - (0.85 * 1000 * 0.05) = 1266.0535 T = 26.61% R = 26.61% NLIC VAII PACIFIC GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.132861 163.05603 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 163.05603 1630.5603 1.000 FORMULA: 1000*(1+T)= 1630.5603 - (0.85 * 1000 * 0.05) = 1588.0603 T = 58.81% R = 58.81% NLIC VAII GLOBAL DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.884789 112.55192 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 112.55192 1125.5192 1.000 FORMULA: 1000*(1+T)= 1125.5192 - (0.85 * 1000 * 0.05) = 1083.0192 T = 8.30% R = 8.30% NLIC VAII CAPITAL APPRECIATION 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.123843 98.77672 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 98.77672 1070.8371 1.000 FORMULA: 1000*(1+T)= 1070.8371 - (0.85 * 1000 * 0.05) = 1028.3371 T = 2.83% R = 2.83% NLIC VAII INCOME BUILDER 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.514625 105.10136 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 105.10136 1051.0136 1.000 FORMULA: 1000*(1+T)= 1051.0136 - (0.85 * 1000 * 0.05) = 1008.5136 T = 0.85% R = 0.85% NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.304846 136.89543 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.89543 1368.9543 1.000 FORMULA: 1000*(1+T)= 1368.9543 - (0.85 * 1000 * 0.05) = 1326.4543 T = 32.65% R = 32.65% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.136722 122.89961 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.89961 1228.9961 1.000 FORMULA: 1000*(1+T)= 1228.9961 - (0.85 * 1000 * 0.05) = 1186.4961 T = 18.65% R = 18.65% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.231787 191.13928 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 191.13928 1911.3928 1.000 FORMULA: 1000*(1+T)= 1911.3928 - (0.85 * 1000 * 0.05) = 1868.8928 T = 86.89% R = 86.89% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.984026 200.64100 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.64100 2006.4100 1.000 FORMULA: 1000*(1+T)= 2006.4100 - (0.85 * 1000 * 0.05) = 1963.9100 T = 96.39% R = 96.39% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.338904 96.72205 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.72205 967.2205 1.000 FORMULA: 1000*(1+T)= 967.2205 - (0.85 * 1000 * 0.05) = 924.7205 T = -7.53% R = -7.53% NLIC VAII COMPETITIVE EDGE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.078399 123.78690 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 123.78690 1237.8690 1.000 FORMULA: 1000*(1+T)= 1237.8690 - (0.85 * 1000 * 0.05) = 1195.3690 T = 19.54% R = 19.54% NLIC VAII S&P 500 INDEX 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.510285 117.50488 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.50488 1175.0488 1.000 FORMULA: 1000*(1+T)= 1175.0488 - (0.85 * 1000 * 0.05) = 1132.5488 T = 13.25% R = 13.25% NLIC VAII AGGRESSIVE EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Premier Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.564304 132.19987 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 132.19987 1321.9987 1.000 FORMULA: 1000*(1+T)= 1321.9987 - (0.85 * 1000 * 0.05) = 1279.4987 T = 27.95% R = 27.95% Alliance Growth and Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.133487 109.48721 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 109.48721 1094.8721 1.000 FORMULA: 1000*(1+T)= 1094.8721 - (0.85 * 1000 * 0.05) = 1052.3721 T = 5.24% R = 5.24% Aim Cap App 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.026341 142.32159 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 142.32159 1423.2159 1.000 FORMULA: 1000*(1+T)= 1423.2159 - (0.85 * 1000 * 0.05) = 1380.7159 T = 38.07% R = 38.07% Aim Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.513654 133.09103 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 133.09103 1330.9103 1.000 FORMULA: 1000*(1+T)= 1330.9103 - (0.85 * 1000 * 0.05) = 1288.4103 T = 28.84% R = 28.84% Aim Value 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.822414 127.83778 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 127.83778 1278.3778 1.000 FORMULA: 1000*(1+T)= 1278.3778 - (0.85 * 1000 * 0.05) = 1235.8778 T = 23.59% R = 23.59% Putnam International Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.349148 157.50146 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 157.50146 1575.0146 1.000 FORMULA: 1000*(1+T)= 1575.0146 - (0.85 * 1000 * 0.05) = 1532.5146 T = 53.25% R = 53.25% Putnam Voyager 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.430317 155.51332 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.51332 1555.1332 1.000 FORMULA: 1000*(1+T)= 1555.1332 - (0.85 * 1000 * 0.05) = 1512.6332 T = 51.26% R = 51.26% Putnam Growth & Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.014834 99.85188 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 99.85188 998.5188 1.000 FORMULA: 1000*(1+T)= 998.5188 - (0.85 * 1000 * 0.05) = 956.0188 T = -4.40% R = -4.40% MSDW Mid Cap 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.447050 118.38452 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 118.38452 1183.8452 1.000 FORMULA: 1000*(1+T)= 1183.8452 - (0.85 * 1000 * 0.05) = 1141.3452 T = 14.13% R = 14.13% NLIC VAII MONEY MARKET 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.521232 117.35393 FEE 31-Dec-95 0 8.834608 0.00000 FEE 31-Dec-96 0 9.115224 0.00000 FEE 31-Dec-97 0 9.416582 0.00000 FEE 31-Dec-98 0 9.721854 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.35393 1173.5393 5.000 FORMULA: 1000*(1+T)= 1173.5393 - (0.85 * 1000 * 0.02) = 1156.539263 T = 2.95% R = 15.65% NLIC VAII HIGH YIELD 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.249288 121.22258 FEE 31-Dec-95 0 9.288643 0.00000 FEE 31-Dec-96 0 10.209852 0.00000 FEE 31-Dec-97 0 11.212084 0.00000 FEE 31-Dec-98 0 10.324198 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 121.22258 1212.2258 5.000 FORMULA: 1000*(1+T)= 1212.2258 - (0.85 * 1000 * 0.02) = 1195.225812 T = 3.63% R = 19.52% NLIC VAII EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.382581 419.71283 FEE 31-Dec-95 0 3.370686 0.00000 FEE 31-Dec-96 0 3.717571 0.00000 FEE 31-Dec-97 0 5.015620 0.00000 FEE 31-Dec-98 0 6.423039 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 419.71283 4197.1283 5.000 FORMULA: 1000*(1+T)= 4197.1283 - (0.85 * 1000 * 0.02) = 4180.128312 T = 33.12% R = 318.01% NLIC VAII QUALITY INCOME 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 7.499624 133.34002 FEE 31-Dec-95 0 9.178050 0.00000 FEE 31-Dec-96 0 9.149190 0.00000 FEE 31-Dec-97 0 9.979706 0.00000 FEE 31-Dec-98 0 10.646246 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 133.34002 1333.4002 5.000 FORMULA: 1000*(1+T)= 1333.4002 - (0.85 * 1000 * 0.02) = 1316.400237 T = 5.65% R = 31.64% NLIC VAII STRATEGIST 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.166316 193.56154 FEE 31-Dec-95 0 5.543716 0.00000 FEE 31-Dec-96 0 6.259134 0.00000 FEE 31-Dec-97 0 6.987403 0.00000 FEE 31-Dec-98 0 8.680471 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 193.56154 1935.6154 5.000 FORMULA: 1000*(1+T)= 1935.6154 - (0.85 * 1000 * 0.02) = 1918.615361 T = 13.92% R = 91.86% NLIC VAII DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.656436 214.75651 FEE 31-Dec-95 0 6.200354 0.00000 FEE 31-Dec-96 0 7.544539 0.00000 FEE 31-Dec-97 0 9.302881 0.00000 FEE 31-Dec-98 0 10.436269 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 214.75651 2147.5651 5.000 FORMULA: 1000*(1+T)= 2147.5651 - (0.85 * 1000 * 0.02) = 2130.565138 T = 16.33% R = 113.06% NLIC VAII UTILITIES 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.426566 225.90874 FEE 31-Dec-95 0 5.586280 0.00000 FEE 31-Dec-96 0 5.959337 0.00000 FEE 31-Dec-97 0 7.438661 0.00000 FEE 31-Dec-98 0 9.037502 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 225.90874 2259.0874 5.000 FORMULA: 1000*(1+T)= 2259.0874 - (0.85 * 1000 * 0.02) = 2242.087401 T = 17.53% R = 124.21% NLIC VAII EUROPEAN GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.612320 276.83040 FEE 31-Dec-95 0 4.458633 0.00000 FEE 31-Dec-96 0 5.689156 0.00000 FEE 31-Dec-97 0 6.483170 0.00000 FEE 31-Dec-98 0 7.889615 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 276.83040 2768.3040 5.000 FORMULA: 1000*(1+T)= 2768.3040 - (0.85 * 1000 * 0.02) = 2751.303987 T = 22.44% R = 175.13% NLIC VAII CAPITAL GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.706921 269.76568 FEE 31-Dec-95 0 4.860975 0.00000 FEE 31-Dec-96 0 5.322362 0.00000 FEE 31-Dec-97 0 6.507075 0.00000 FEE 31-Dec-98 0 7.642026 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 269.76568 2697.6568 5.000 FORMULA: 1000*(1+T)= 2697.6568 - (0.85 * 1000 * 0.02) = 2680.656841 T = 21.80% R = 168.07% NLIC VAII PACIFIC GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 10.665738 93.75816 FEE 31-Dec-95 0 11.180436 0.00000 FEE 31-Dec-96 0 11.400995 0.00000 FEE 31-Dec-97 0 6.972477 0.00000 FEE 31-Dec-98 0 6.132861 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.75816 937.5816 5.000 FORMULA: 1000*(1+T)= 937.5816 - (0.85 * 1000 * 0.02) = 920.5816371 T = -1.64% R = -7.94% NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.278904 189.43325 FEE 31-Dec-95 0 6.335445 0.00000 FEE 31-Dec-96 0 7.312441 0.00000 FEE 31-Dec-97 0 8.042672 0.00000 FEE 31-Dec-98 0 8.884789 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 189.43325 1894.3325 5.000 FORMULA: 1000*(1+T)= 1894.3325 - (0.85 * 1000 * 0.02) = 1877.332497 T = 13.42% R = 87.73% NLIC VAII CAPITAL APPRECIATION 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 11.163269 0.00000 FEE 31-Dec-98 0 10.123843 0.00000 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 9.390450 0.00000 FEE 31-Dec-98 0 9.514625 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 6.237828 0.00000 FEE 31-Dec-98 0 7.304846 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.634101 0.00000 FEE 31-Dec-98 0 8.136722 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 7.175028 0.00000 FEE 31-Dec-97 0 7.065187 0.00000 FEE 31-Dec-98 0 5.231787 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 2.726609 0.00000 FEE 31-Dec-96 0 3.122023 0.00000 FEE 31-Dec-97 0 3.690791 0.00000 FEE 31-Dec-98 0 4.984026 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 12.097612 0.00000 FEE 31-Dec-98 0 10.338904 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.078399 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.510285 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Premier Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.799883 357.15777 FEE 31-Dec-95 0 3.718119 0.00000 FEE 31-Dec-96 0 4.689781 0.00000 FEE 31-Dec-97 0 5.985950 0.00000 FEE 31-Dec-98 0 7.564304 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 357.15777 3571.5777 5.000 FORMULA: 1000*(1+T)= 3571.5777 - (0.85 * 1000 * 0.02) = 3554.577673 T = 28.87% R = 255.46% Alliance Growth and Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.748071 266.80394 FEE 31-Dec-95 0 4.996961 0.00000 FEE 31-Dec-96 0 6.087074 0.00000 FEE 31-Dec-97 0 7.696255 0.00000 FEE 31-Dec-98 0 9.133487 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 266.80394 2668.0394 5.000 FORMULA: 1000*(1+T)= 2668.0394 - (0.85 * 1000 * 0.02) = 2651.039359 T = 21.53% R = 165.10% Aim Cap App 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.570288 280.08946 FEE 31-Dec-95 0 4.767747 0.00000 FEE 31-Dec-96 0 5.516527 0.00000 FEE 31-Dec-97 0 6.162162 0.00000 FEE 31-Dec-98 0 7.026341 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 280.08946 2800.8946 5.000 FORMULA: 1000*(1+T)= 2800.8946 - (0.85 * 1000 * 0.02) = 2783.8946 T = 22.72% R = 178.39% Aim Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.172230 315.23568 FEE 31-Dec-95 0 4.207528 0.00000 FEE 31-Dec-96 0 4.889399 0.00000 FEE 31-Dec-97 0 6.104696 0.00000 FEE 31-Dec-98 0 7.513654 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 315.23568 3152.3568 5.000 FORMULA: 1000*(1+T)= 3152.3568 - (0.85 * 1000 * 0.02) = 3135.35681 T = 25.68% R = 213.54% Aim Value 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.413906 292.91963 FEE 31-Dec-95 0 4.577811 0.00000 FEE 31-Dec-96 0 5.181536 0.00000 FEE 31-Dec-97 0 6.307296 0.00000 FEE 31-Dec-98 0 7.822414 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 292.91963 2929.1963 5.000 FORMULA: 1000*(1+T)= 2929.1963 - (0.85 * 1000 * 0.02) = 2912.196334 T = 23.84% R = 191.22% Putnam International Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 5.447615 0.00000 FEE 31-Dec-98 0 6.349148 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.771622 360.79959 FEE 31-Dec-95 0 3.825563 0.00000 FEE 31-Dec-96 0 4.240358 0.00000 FEE 31-Dec-97 0 5.263768 0.00000 FEE 31-Dec-98 0 6.430317 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 360.79959 3607.9959 5.000 FORMULA: 1000*(1+T)= 3607.9959 - (0.85 * 1000 * 0.02) = 3590.995878 T = 29.13% R = 259.10% Putnam Growth & Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.517303 221.37104 FEE 31-Dec-95 0 6.059594 0.00000 FEE 31-Dec-96 0 7.248747 0.00000 FEE 31-Dec-97 0 8.829962 0.00000 FEE 31-Dec-98 0 10.014834 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 221.37104 2213.7104 5.000 FORMULA: 1000*(1+T)= 2213.7104 - (0.85 * 1000 * 0.02) = 2196.710369 T = 17.05% R = 119.67% MSDW Mid Cap 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.625185 0.00000 FEE 31-Dec-98 0 8.447050 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII MONEY MARKET 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 7.417636 134.81384 FEE 29-Dec-90 0 7.856091 0.00000 FEE 29-Dec-91 0 8.156955 0.00000 FEE 29-Dec-92 0 8.284320 0.00000 FEE 29-Dec-93 0 8.356140 0.00000 FEE 29-Dec-94 0 8.515946 0.00000 FEE 29-Dec-95 0 8.834608 0.00000 FEE 29-Dec-96 0 9.112109 0.00000 FEE 29-Dec-97 0 9.414824 0.00000 FEE 29-Dec-98 0 9.720341 0.00000 FEE 29-Dec-99 0 9.998044 0.00000 RESULTING VALUE 29-Dec-99 9.998044 134.81384 1347.8747 10.000 FORMULA: 1000*(1+T)= 1347.8747 - (0.85 * 1000 * 0) = 1347.874714 T = 3.03% R = 34.79% NLIC VAII HIGH YIELD 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.418665 184.54730 FEE 29-Dec-90 0 3.937705 0.00000 FEE 29-Dec-91 0 5.986942 0.00000 FEE 29-Dec-92 0 7.055588 0.00000 FEE 29-Dec-93 0 8.564340 0.00000 FEE 29-Dec-94 0 8.223931 0.00000 FEE 29-Dec-95 0 9.288643 0.00000 FEE 29-Dec-96 0 10.190787 0.00000 FEE 29-Dec-97 0 11.198444 0.00000 FEE 29-Dec-98 0 10.303369 0.00000 FEE 29-Dec-99 0 9.987366 0.00000 RESULTING VALUE 29-Dec-99 9.987366 184.54730 1843.1415 10.000 FORMULA: 1000*(1+T)= 1843.1415 - (0.85 * 1000 * 0) = 1843.141462 T = 6.31% R = 84.31% NLIC VAII EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.512002 661.37491 FEE 29-Dec-90 0 1.425587 0.00000 FEE 29-Dec-91 0 2.175343 0.00000 FEE 29-Dec-92 0 2.173940 0.00000 FEE 29-Dec-93 0 2.574958 0.00000 FEE 29-Dec-94 0 2.413970 0.00000 FEE 29-Dec-95 0 3.370686 0.00000 FEE 29-Dec-96 0 3.761005 0.00000 FEE 29-Dec-97 0 4.889814 0.00000 FEE 29-Dec-98 0 6.413226 0.00000 FEE 29-Dec-99 0 9.869786 0.00000 RESULTING VALUE 29-Dec-99 9.869786 661.37491 6527.6289 10.000 FORMULA: 1000*(1+T)= 6527.6289 - (0.85 * 1000 * 0) = 6527.628901 T = 20.64% R = 552.76% NLIC VAII QUALITY INCOME 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.700506 175.42303 FEE 29-Dec-90 0 5.944890 0.00000 FEE 29-Dec-91 0 6.911768 0.00000 FEE 29-Dec-92 0 7.392409 0.00000 FEE 29-Dec-93 0 8.259725 0.00000 FEE 29-Dec-94 0 7.532550 0.00000 FEE 29-Dec-95 0 9.178050 0.00000 FEE 29-Dec-96 0 9.219657 0.00000 FEE 29-Dec-97 0 9.969144 0.00000 FEE 29-Dec-98 0 10.612713 0.00000 FEE 29-Dec-99 0 10.023510 0.00000 RESULTING VALUE 29-Dec-99 10.023510 175.42303 1758.3545 10.000 FORMULA: 1000*(1+T)= 1758.3545 - (0.85 * 1000 * 0) = 1758.354546 T = 5.81% R = 75.84% NLIC VAII STRATEGIST 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.532875 283.05556 FEE 29-Dec-90 0 3.507891 0.00000 FEE 29-Dec-91 0 4.335540 0.00000 FEE 29-Dec-92 0 4.664681 0.00000 FEE 29-Dec-93 0 5.083227 0.00000 FEE 29-Dec-94 0 5.162120 0.00000 FEE 29-Dec-95 0 5.543716 0.00000 FEE 29-Dec-96 0 6.333633 0.00000 FEE 29-Dec-97 0 6.896761 0.00000 FEE 29-Dec-98 0 8.701026 0.00000 FEE 29-Dec-99 0 9.954563 0.00000 RESULTING VALUE 29-Dec-99 9.954563 283.05556 2817.6943 10.000 FORMULA: 1000*(1+T)= 2817.6943 - (0.85 * 1000 * 0) = 2817.694279 T = 10.91% R = 181.77% NLIC VAII DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.248294 0.00000 FEE 29-Dec-91 0 4.003141 0.00000 FEE 29-Dec-92 0 4.341161 0.00000 FEE 29-Dec-93 0 4.907710 0.00000 FEE 29-Dec-94 0 4.642610 0.00000 FEE 29-Dec-95 0 6.200354 0.00000 FEE 29-Dec-96 0 7.663510 0.00000 FEE 29-Dec-97 0 9.149705 0.00000 FEE 29-Dec-98 0 10.501147 0.00000 FEE 29-Dec-99 0 9.909608 0.00000 RESULTING VALUE 29-Dec-99 9.909608 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII UTILITIES 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.338916 0.00000 FEE 29-Dec-91 0 3.882167 0.00000 FEE 29-Dec-92 0 4.360876 0.00000 FEE 29-Dec-93 0 4.978025 0.00000 FEE 29-Dec-94 0 4.434398 0.00000 FEE 29-Dec-95 0 5.586280 0.00000 FEE 29-Dec-96 0 6.006653 0.00000 FEE 29-Dec-97 0 7.386581 0.00000 FEE 29-Dec-98 0 9.018875 0.00000 FEE 29-Dec-99 0 9.911385 0.00000 RESULTING VALUE 29-Dec-99 9.911385 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EUROPEAN GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 2.361034 0.00000 FEE 29-Dec-92 0 2.442570 0.00000 FEE 29-Dec-93 0 3.437512 0.00000 FEE 29-Dec-94 0 3.595396 0.00000 FEE 29-Dec-95 0 4.458633 0.00000 FEE 29-Dec-96 0 5.600562 0.00000 FEE 29-Dec-97 0 6.481073 0.00000 FEE 29-Dec-98 0 7.951381 0.00000 FEE 29-Dec-99 0 9.854821 0.00000 RESULTING VALUE 29-Dec-99 9.854821 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 4.117088 0.00000 FEE 29-Dec-92 0 4.206857 0.00000 FEE 29-Dec-93 0 3.856995 0.00000 FEE 29-Dec-94 0 3.731812 0.00000 FEE 29-Dec-95 0 4.860975 0.00000 FEE 29-Dec-96 0 5.339426 0.00000 FEE 29-Dec-97 0 6.255099 0.00000 FEE 29-Dec-98 0 7.470116 0.00000 FEE 29-Dec-99 0 9.899861 0.00000 RESULTING VALUE 29-Dec-99 9.899861 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII PACIFIC GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 10.748249 0.00000 FEE 29-Dec-95 0 11.180436 0.00000 FEE 29-Dec-96 0 11.323150 0.00000 FEE 29-Dec-97 0 6.882027 0.00000 FEE 29-Dec-98 0 6.073932 0.00000 FEE 29-Dec-99 0 9.883071 0.00000 RESULTING VALUE 29-Dec-99 9.883071 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 5.272049 0.00000 FEE 29-Dec-95 0 6.335445 0.00000 FEE 29-Dec-96 0 7.315629 0.00000 FEE 29-Dec-97 0 7.958851 0.00000 FEE 29-Dec-98 0 8.860312 0.00000 FEE 29-Dec-99 0 9.906482 0.00000 RESULTING VALUE 29-Dec-99 9.906482 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL APPRECIATION 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 10.769665 0.00000 FEE 29-Dec-98 0 10.066025 0.00000 FEE 29-Dec-99 0 10.840987 0.00000 RESULTING VALUE 29-Dec-99 10.840987 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 9.270408 0.00000 FEE 29-Dec-98 0 9.449234 0.00000 FEE 29-Dec-99 0 9.849474 0.00000 RESULTING VALUE 29-Dec-99 9.849474 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 6.081757 0.00000 FEE 29-Dec-98 0 7.310425 0.00000 FEE 29-Dec-99 0 9.956694 0.00000 RESULTING VALUE 29-Dec-99 9.956694 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 7.590740 0.00000 FEE 29-Dec-98 0 8.123054 0.00000 FEE 29-Dec-99 0 9.878605 0.00000 RESULTING VALUE 29-Dec-99 9.878605 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 7.161801 0.00000 FEE 29-Dec-97 0 6.983476 0.00000 FEE 29-Dec-98 0 5.202879 0.00000 FEE 29-Dec-99 0 9.885389 0.00000 RESULTING VALUE 29-Dec-99 9.885389 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 2.726609 0.00000 FEE 29-Dec-96 0 3.113509 0.00000 FEE 29-Dec-97 0 3.545306 0.00000 FEE 29-Dec-98 0 4.902994 0.00000 FEE 29-Dec-99 0 9.862555 0.00000 RESULTING VALUE 29-Dec-99 9.862555 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 11.897358 0.00000 FEE 29-Dec-98 0 10.171128 0.00000 FEE 29-Dec-99 0 9.935142 0.00000 RESULTING VALUE 29-Dec-99 9.935142 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.103927 0.00000 FEE 29-Dec-99 0 9.968673 0.00000 RESULTING VALUE 29-Dec-99 9.968673 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.587009 0.00000 FEE 29-Dec-99 0 9.963778 0.00000 RESULTING VALUE 29-Dec-99 9.963778 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 9.884318 0.00000 RESULTING VALUE 29-Dec-99 9.884318 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 10.005611 0.00000 RESULTING VALUE 29-Dec-99 10.005611 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.609051 621.48423 FEE 29-Dec-90 0 1.533271 0.00000 FEE 29-Dec-91 0 2.130802 0.00000 FEE 29-Dec-92 0 2.368234 0.00000 FEE 29-Dec-93 0 2.777336 0.00000 FEE 29-Dec-94 0 2.769413 0.00000 FEE 29-Dec-95 0 3.825961 0.00000 FEE 29-Dec-96 0 4.249062 0.00000 FEE 29-Dec-97 0 5.108049 0.00000 FEE 29-Dec-98 0 6.322783 0.00000 FEE 29-Dec-99 0 9.875312 0.00000 RESULTING VALUE 29-Dec-99 9.875312 621.48423 6137.3507 10.000 FORMULA: 1000*(1+T)= 6137.3507 - (0.85 * 1000 * 0) = 6137.350653 T = 19.89% R = 513.74% Putnam Growth & Income 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.252250 307.47942 FEE 29-Dec-90 0 3.248987 0.00000 FEE 29-Dec-91 0 3.736369 0.00000 FEE 29-Dec-92 0 4.082326 0.00000 FEE 29-Dec-93 0 4.604272 0.00000 FEE 29-Dec-94 0 4.517773 0.00000 FEE 29-Dec-95 0 6.060225 0.00000 FEE 29-Dec-96 0 7.365390 0.00000 FEE 29-Dec-97 0 8.681198 0.00000 FEE 29-Dec-98 0 10.113261 0.00000 FEE 29-Dec-99 0 9.952272 0.00000 RESULTING VALUE 29-Dec-99 9.952272 307.47942 3060.1189 10.000 FORMULA: 1000*(1+T)= 3060.1189 - (0.85 * 1000 * 0) = 3060.118888 T = 11.83% R = 206.01% NLIC VAII MONEY MARKET 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 5.563931 179.72905 1 FEE 09-Mar-85 0 5.769444 0.00000 0.06 2 FEE 09-Mar-86 0 6.098793 0.00000 0.05 3 FEE 09-Mar-87 0 6.351695 0.00000 0.05 4 09-Mar-88 0 6.641037 0.00000 0.04 5 09-Mar-89 0 7.016214 0.00000 0.03 6 09-Mar-90 0 7.502360 0.00000 0.02 7 09-Mar-91 0 7.928454 0.00000 0 8 09-Mar-92 0 8.193034 0.00000 0 9 09-Mar-93 0 8.300285 0.00000 0 10 09-Mar-94 0 8.370483 0.00000 0 11 09-Mar-95 0 8.577030 0.00000 0 12 09-Mar-96 0 8.889021 0.00000 0 13 09-Mar-97 0 9.166406 0.00000 0 14 FEE 09-Mar-98 0 9.474443 0.00000 0 15 FEE 09-Mar-99 0 9.771142 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 179.72905 1797.2905 15.811 FORMULA: 1000*(1+T)= 1797.2905 = 1797.290511 T = 3.78% R = 79.73% NLIC VAII HIGH YIELD 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 3.944201 253.53674 1 FEE 09-Mar-85 0 4.398897 0.00000 0.06 2 FEE 09-Mar-86 0 5.554507 0.00000 0.05 3 FEE 09-Mar-87 0 6.521386 0.00000 0.05 4 09-Mar-88 0 6.169265 0.00000 0.04 5 09-Mar-89 0 6.554363 0.00000 0.03 6 09-Mar-90 0 5.103243 0.00000 0.02 7 09-Mar-91 0 4.626255 0.00000 0 8 09-Mar-92 0 6.984723 0.00000 0 9 09-Mar-93 0 7.578308 0.00000 0 10 09-Mar-94 0 8.859192 0.00000 0 11 09-Mar-95 0 8.352480 0.00000 0 12 09-Mar-96 0 9.504487 0.00000 0 13 09-Mar-97 0 10.209348 0.00000 0 14 FEE 09-Mar-98 0 11.390291 0.00000 0 15 FEE 09-Mar-99 0 10.187016 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 253.53674 2535.3674 15.811 FORMULA: 1000*(1+T)= 2535.3674 = 2535.367431 T = 6.06% R = 153.54% NLIC VAII EQUITY 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 0.869207 1150.47398 1 FEE 09-Mar-85 0 0.988527 0.00000 0.06 2 FEE 09-Mar-86 0 1.259527 0.00000 0.05 3 FEE 09-Mar-87 0 1.556397 0.00000 0.05 4 09-Mar-88 0 1.330267 0.00000 0.04 5 09-Mar-89 0 1.358496 0.00000 0.03 6 09-Mar-90 0 1.456587 0.00000 0.02 7 09-Mar-91 0 1.696548 0.00000 0 8 09-Mar-92 0 2.072826 0.00000 0 9 09-Mar-93 0 2.312740 0.00000 0 10 09-Mar-94 0 2.690968 0.00000 0 11 09-Mar-95 0 2.490897 0.00000 0 12 09-Mar-96 0 3.378585 0.00000 0 13 09-Mar-97 0 4.008440 0.00000 0 14 FEE 09-Mar-98 0 5.337779 0.00000 0 15 FEE 09-Mar-99 0 6.991709 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 1150.47398 11504.7398 15.811 FORMULA: 1000*(1+T)= 11504.7398 = 11504.73982 T = 16.71% R = 1050.47% NLIC VAII QUALITY INCOME 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 5.069110 0.00000 0.06 2 FEE 01-Mar-89 0 5.145717 0.00000 0.05 3 FEE 01-Mar-90 0 5.562936 0.00000 0.05 4 01-Mar-91 0 6.117093 0.00000 0.04 5 01-Mar-92 0 6.888775 0.00000 0.03 6 01-Mar-93 0 7.779857 0.00000 0.02 7 01-Mar-94 0 8.017403 0.00000 0 8 01-Mar-95 0 7.887907 0.00000 0 9 01-Mar-96 0 8.963154 0.00000 0 10 01-Mar-97 0 9.164082 0.00000 0 11 01-Mar-98 0 10.052779 0.00000 0 12 01-Mar-99 0 10.326276 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII STRATEGIST 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 3.153501 0.00000 0.06 2 FEE 01-Mar-89 0 3.279650 0.00000 0.05 3 FEE 01-Mar-90 0 3.522617 0.00000 0.05 4 01-Mar-91 0 3.928326 0.00000 0.04 5 01-Mar-92 0 4.469586 0.00000 0.03 6 01-Mar-93 0 4.775847 0.00000 0.02 7 01-Mar-94 0 5.101981 0.00000 0 8 01-Mar-95 0 5.205067 0.00000 0 9 01-Mar-96 0 5.708225 0.00000 0 10 01-Mar-97 0 6.490627 0.00000 0 11 01-Mar-98 0 7.461225 0.00000 0 12 01-Mar-99 0 8.763376 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII DIVIDEND GROWTH 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.593818 278.25561 1 FEE 01-Mar-91 0 3.681886 0.00000 0.06 2 FEE 01-Mar-92 0 4.110500 0.00000 0.05 3 FEE 01-Mar-93 0 4.492197 0.00000 0.05 4 01-Mar-94 0 4.807839 0.00000 0.04 5 01-Mar-95 0 4.926142 0.00000 0.03 6 01-Mar-96 0 6.569185 0.00000 0.02 7 01-Mar-97 0 7.820466 0.00000 0 8 01-Mar-98 0 9.876850 0.00000 0 9 01-Mar-99 0 10.202416 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 278.25561 2782.5561 9.834 FORMULA: 1000*(1+T)= 2782.5561 = 2782.556083 T = 10.97% R = 178.26% NLIC VAII UTILITIES 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.237307 308.89871 1 FEE 01-Mar-91 0 3.437432 0.00000 0.06 2 FEE 01-Mar-92 0 3.797553 0.00000 0.05 3 FEE 01-Mar-93 0 4.683841 0.00000 0.05 4 01-Mar-94 0 4.699490 0.00000 0.04 5 01-Mar-95 0 4.593407 0.00000 0.03 6 01-Mar-96 0 5.617825 0.00000 0.02 7 01-Mar-97 0 6.011264 0.00000 0 8 01-Mar-98 0 7.640277 0.00000 0 9 01-Mar-99 0 8.700554 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 308.89871 3088.9871 9.834 FORMULA: 1000*(1+T)= 3088.9871 = 3088.987113 T = 12.15% R = 208.90% NLIC VAII EUROPEAN GROWTH 01-Mar-91 TO NO. YEARS 8.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-91 1000.00 2.406977 415.45882 1 FEE 01-Mar-92 0 2.468413 0.00000 0.06 2 FEE 01-Mar-93 0 2.560472 0.00000 0.05 3 FEE 01-Mar-94 0 3.503860 0.00000 0.05 4 01-Mar-95 0 3.696804 0.00000 0.04 5 01-Mar-96 0 4.680252 0.00000 0.03 6 01-Mar-97 0 5.706379 0.00000 0.02 7 01-Mar-98 0 7.315483 0.00000 0 8 01-Mar-99 0 7.747039 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 415.45882 4154.5882 8.835 FORMULA: 1000*(1+T)= 4154.5882 = 4154.588247 T = 17.49% R = 315.46% NLIC VAII CAPITAL GROWTH 01-Mar-91 TO NO. YEARS 8.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-91 1000.00 3.336906 299.67883 1 FEE 01-Mar-92 0 4.031478 0.00000 0.06 2 FEE 01-Mar-93 0 3.912970 0.00000 0.05 3 FEE 01-Mar-94 0 3.861255 0.00000 0.05 4 01-Mar-95 0 3.974889 0.00000 0.04 5 01-Mar-96 0 5.122514 0.00000 0.03 6 01-Mar-97 0 5.469011 0.00000 0.02 7 01-Mar-98 0 7.030771 0.00000 0 8 01-Mar-99 0 7.581468 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 299.67883 2996.7883 8.835 FORMULA: 1000*(1+T)= 2996.7883 = 2996.788308 T = 13.23% R = 199.68% NLIC VAII PACIFIC GROWTH 22-Feb-94 TO NO. YEARS 5.854 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 22-Feb-94 1000.00 11.731280 85.24219 1 FEE 22-Feb-95 0 10.070550 0.00000 0.06 2 FEE 22-Feb-96 0 12.080494 0.00000 0.05 3 FEE 22-Feb-97 0 11.507981 0.00000 0.05 4 22-Feb-98 0 6.999963 0.00000 0.04 5 22-Feb-99 0 5.902614 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 85.24219 852.4219 5.854 FORMULA: 1000*(1+T)= 852.4219 = 835.4219105 T = -3.03% R = -16.46% NLIC VAII GLOBAL DIVIDEND GROWTH 24-Feb-94 TO NO. YEARS 5.848 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 24-Feb-94 1000.00 5.357112 186.66774 1 FEE 24-Feb-95 0 5.312655 0.00000 0.06 2 FEE 24-Feb-96 0 6.544721 0.00000 0.05 3 FEE 24-Feb-97 0 7.386510 0.00000 0.05 4 24-Feb-98 0 8.384093 0.00000 0.04 5 24-Feb-99 0 8.667869 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 186.66774 1866.6774 5.848 FORMULA: 1000*(1+T)= 1866.6774 = 1849.677442 T = 11.09% R = 84.97% NLIC VAII CAPITAL APPRECIATION 21-Jan-97 TO NO. YEARS 2.940 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 21-Jan-97 1000.00 10.000000 100.00000 1 FEE 21-Jan-98 0 10.937002 0.00000 0.06 2 FEE 21-Jan-99 0 10.535104 0.00000 0.05 3 FEE 31-Dec-99 0 10.840987 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.840987 100.00000 1084.0987 2.940 FORMULA: 1000*(1+T)= 1084.0987 = 1041.5987 T = 1.40% R = 4.16% NLIC VAII INCOME BUILDER 21-Jan-97 TO NO. YEARS 2.940 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 21-Jan-97 1000.00 7.807821 128.07671 1 FEE 21-Jan-98 0 9.364517 0.00000 0.06 2 FEE 21-Jan-99 0 9.595748 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 128.07671 1280.7671 2.940 FORMULA: 1000*(1+T)= 1280.7671 = 1238.267139 T = 7.54% R = 23.83% NLIC VAII EQUITY GROWTH 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.775224 209.41427 1 FEE 02-Jan-98 0 6.222507 0.00000 0.06 2 FEE 02-Jan-99 0 7.270612 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 209.41427 2094.1427 2.992 FORMULA: 1000*(1+T)= 2094.1427 = 2051.642677 T = 27.14% R = 105.16% NLIC VAII INTERNATIONAL MAGNUM 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 7.245944 138.00825 1 FEE 02-Jan-98 0 7.662745 0.00000 0.06 2 FEE 02-Jan-99 0 8.252238 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 138.00825 1380.0825 2.992 FORMULA: 1000*(1+T)= 1380.0825 = 1337.582524 T = 10.21% R = 33.76% NLIC VAII EMERGING MARKETS 01-Oct-96 TO NO. YEARS 3.247 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Oct-96 1000.00 7.370277 135.68011 1 FEE 01-Oct-97 0 8.740300 0.00000 0.06 2 FEE 01-Oct-98 0 4.427973 0.00000 0.05 3 FEE 01-Oct-99 0 6.714211 0.00000 0.05 4 31-Dec-99 0 10.000000 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 135.68011 1356.8011 3.247 FORMULA: 1000*(1+T)= 1356.8011 = 1322.801073 T = 9.00% R = 32.28% NLIC VAII EMERGING GROWTH 03-Jul-95 TO NO. YEARS 4.496 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-Jul-95 1000.00 2.349648 425.59569 1 FEE 03-Jul-96 0 3.166909 0.00000 0.06 2 FEE 03-Jul-97 0 3.444011 0.00000 0.05 3 FEE 03-Jul-98 0 4.489754 0.00000 0.05 4 03-Jul-99 0 6.173760 0.00000 0.04 5 31-Dec-99 0 10.000000 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 425.59569 4255.9569 4.496 FORMULA: 1000*(1+T)= 4255.9569 = 4230.456911 T = 37.83% R = 323.05% NLIC VAII REAL ESTATE 04-Mar-97 TO NO. YEARS 2.825 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 04-Mar-97 1000.00 10.411587 96.04684 1 FEE 04-Mar-98 0 11.805378 0.00000 0.06 2 FEE 04-Mar-99 0 9.948398 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 96.04684 960.4684 2.825 FORMULA: 1000*(1+T)= 960.4684 = 917.9683721 T = -2.98% R = -8.20% NLIC VAII COMPETITIVE EDGE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 8.330115 120.04636 1 FEE 18-May-99 0 8.390156 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 120.04636 1200.4636 1.621 FORMULA: 1000*(1+T)= 1200.4636 = 1157.963564 T = 9.47% R = 15.80% NLIC VAII S&P 500 INDEX 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 7.672630 130.33341 1 FEE 18-May-99 0 9.189260 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 130.33341 1303.3341 1.621 FORMULA: 1000*(1+T)= 1303.3341 = 1260.834088 T = 15.37% R = 26.08% NLIC VAII AGGRESSIVE EQUITY 03-May-99 TO NO. YEARS 0.663 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-May-99 1000.00 6.930032 144.29947 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 144.29947 1442.9947 0.663 FORMULA: 1000*(1+T)= 1442.9947 = 1391.994724 T = 64.74% R = 39.20% NLIC VAII SHORT TERM BOND 03-May-99 TO NO. YEARS 0.663 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-May-99 1000.00 9.968303 100.31798 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 100.31798 1003.1798 0.663 FORMULA: 1000*(1+T)= 1003.1798 = 952.17977 T = -7.13% R = -4.78% Alliance Premier Growth 14-Jul-99 TO NO. YEARS 0.465 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 14-Jul-99 1000.00 8.907676 112.26273 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 112.26273 1122.6273 0.465 FORMULA: 1000*(1+T)= 1122.6273 = 1071.627322 T = 16.02% R = 7.16% Alliance Growth 15-Sep-94 TO NO. YEARS 5.292 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 15-Sep-94 1000.00 2.673222 374.08047 1 FEE 15-Sep-95 0 3.583318 0.00000 0.06 2 FEE 15-Sep-96 0 4.152099 0.00000 0.05 3 FEE 15-Sep-97 0 5.637296 0.00000 0.05 4 15-Sep-98 0 5.914030 0.00000 0.04 5 15-Sep-99 0 8.156585 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 374.08047 3740.8047 5.292 FORMULA: 1000*(1+T)= 3740.8047 = 3723.80469 T = 28.20% R = 272.38% Alliance Growth and Income 14-Jan-91 TO NO. YEARS 8.961 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 14-Jan-91 1000.00 3.242920 308.36407 1 FEE 14-Jan-92 0 3.297366 0.00000 0.06 2 FEE 14-Jan-93 0 3.494010 0.00000 0.05 3 FEE 14-Jan-94 0 3.831544 0.00000 0.05 4 14-Jan-95 0 3.748071 0.00000 0.04 5 14-Jan-96 0 4.844786 0.00000 0.03 6 14-Jan-97 0 6.231123 0.00000 0.02 7 14-Jan-98 0 7.517136 0.00000 0 8 14-Jan-99 0 8.989092 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 308.36407 3083.6407 8.961 FORMULA: 1000*(1+T)= 3083.6407 = 3083.640711 T = 13.39% R = 208.36% Aim Cap App 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 2.993285 334.08108 1 FEE 05-May-94 0 3.522945 0.00000 0.06 2 FEE 05-May-95 0 3.920248 0.00000 0.05 3 FEE 05-May-96 0 5.294530 0.00000 0.05 4 05-May-97 0 5.540006 0.00000 0.04 5 05-May-98 0 6.979470 0.00000 0.03 6 05-May-99 0 7.209846 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 334.08108 3340.8108 6.656 FORMULA: 1000*(1+T)= 3340.8108 = 3340.810787 T = 19.87% R = 234.08% Aim Growth 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 3.018290 331.31345 1 FEE 05-May-94 0 3.165182 0.00000 0.06 2 FEE 05-May-95 0 3.531458 0.00000 0.05 3 FEE 05-May-96 0 4.451028 0.00000 0.05 4 05-May-97 0 5.230758 0.00000 0.04 5 05-May-98 0 7.029703 0.00000 0.03 6 05-May-99 0 8.009043 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 331.31345 3313.1345 6.656 FORMULA: 1000*(1+T)= 3313.1345 = 3313.134484 T = 19.72% R = 231.31% Aim Value 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 2.934557 340.76693 1 FEE 05-May-94 0 3.402839 0.00000 0.06 2 FEE 05-May-95 0 3.839960 0.00000 0.05 3 FEE 05-May-96 0 4.617665 0.00000 0.05 4 05-May-97 0 5.545332 0.00000 0.04 5 05-May-98 0 7.119092 0.00000 0.03 6 05-May-99 0 8.502936 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 340.76693 3407.6693 6.656 FORMULA: 1000*(1+T)= 3407.6693 = 3407.669336 T = 20.23% R = 240.77% Putnam International Growth 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.780620 209.17790 1 FEE 02-Jan-98 0 5.475644 0.00000 0.06 2 FEE 02-Jan-99 0 6.349148 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 209.17790 2091.7790 2.992 FORMULA: 1000*(1+T)= 2091.7790 = 2049.279045 T = 27.09% R = 104.93% Putnam Voyager 01-Feb-88 TO NO. YEARS 11.912 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Feb-88 1000.00 1.223615 817.25023 1 FEE 01-Feb-89 0 1.313430 0.00000 0.06 2 FEE 01-Feb-90 0 1.428274 0.00000 0.05 3 FEE 01-Feb-91 0 1.647078 0.00000 0.05 4 01-Feb-92 0 2.218231 0.00000 0.04 5 01-Feb-93 0 2.417693 0.00000 0.03 6 01-Feb-94 0 2.850891 0.00000 0.02 7 01-Feb-95 0 2.794427 0.00000 0 8 01-Feb-96 0 3.888083 0.00000 0 9 01-Feb-97 0 4.423532 0.00000 0 10 01-Feb-98 0 5.244530 0.00000 0 11 01-Feb-99 0 6.717085 0.00000 0 12 31-Dec-99 0 10.000000 0.00000 0 13 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-99 10.000000 817.25023 8172.5023 11.912 FORMULA: 1000*(1+T)= 8172.5023 = 8172.502256 T = 19.29% R = 717.25% Putnam Growth & Income 01-Feb-88 TO NO. YEARS 11.912 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Feb-88 1000.00 2.316609 431.66540 1 FEE 01-Feb-89 0 2.873104 0.00000 0.06 2 FEE 01-Feb-90 0 3.120598 0.00000 0.05 3 FEE 01-Feb-91 0 3.370488 0.00000 0.05 4 01-Feb-92 0 3.811259 0.00000 0.04 5 01-Feb-93 0 4.141794 0.00000 0.03 6 01-Feb-94 0 4.709461 0.00000 0.02 7 01-Feb-95 0 4.622262 0.00000 0 8 01-Feb-96 0 6.207338 0.00000 0 9 01-Feb-97 0 7.543523 0.00000 0 10 01-Feb-98 0 8.846880 0.00000 0 11 01-Feb-99 0 10.066891 0.00000 0 12 31-Dec-99 0 10.000000 0.00000 0 13 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-99 10.000000 431.66540 4316.6540 11.912 FORMULA: 1000*(1+T)= 4316.6540 = 4316.654002 T = 13.06% R = 331.67% MSDW Mid Cap 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 5.510986 181.45574 1 FEE 02-Jan-98 0 7.590064 0.00000 0.06 2 FEE 02-Jan-99 0 8.406858 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 181.45574 1814.5574 2.992 FORMULA: 1000*(1+T)= 1814.5574 = 1772.057377 T = 21.07% R = 77.21% STANDARDIZED - (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE PERFORMANCE DEATH BENEFIT OPTION) NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.322375 136.56771 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.56771 1365.6771 1.000 FORMULA: 1000*(1+T)= 1365.6771 - (0.85 * 1000 * 0.05) = 1323.1771 T = 32.32% R = 32.32% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.156256 122.60527 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.60527 1226.0527 1.000 FORMULA: 1000*(1+T)= 1226.0527 - (0.85 * 1000 * 0.05) = 1183.5527 T = 18.36% R = 18.36% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.244317 190.68260 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.68260 1906.8260 1.000 FORMULA: 1000*(1+T)= 1906.8260 - (0.85 * 1000 * 0.05) = 1864.3260 T = 86.43% R = 86.43% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.995969 200.16137 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.16137 2001.6137 1.000 FORMULA: 1000*(1+T)= 2001.6137 - (0.85 * 1000 * 0.05) = 1959.1137 T = 95.91% R = 95.91% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.363749 96.49018 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.49018 964.9018 1.000 FORMULA: 1000*(1+T)= 964.9018 - (0.85 * 1000 * 0.05) = 922.4018 T = -7.76% R = -7.76% NLIC VAII EQUITY GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.289373 137.18602 1 FEE 16-Mar-99 0 7.856053 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 137.18602 1371.8602 1.793 FORMULA: 1000*(1+T)= 1371.8602 = 1329.360165 T = 17.21% R = 32.94% NLIC VAII INTERNATIONAL MAGNUM 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 8.410631 118.89715 1 FEE 16-Mar-99 0 8.179165 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 118.89715 1188.9715 1.793 FORMULA: 1000*(1+T)= 1188.9715 = 1146.471487 T = 7.92% R = 14.65% NLIC VAII EMERGING MARKETS 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.466102 133.93870 1 FEE 16-Mar-99 0 5.765411 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 133.93870 1339.3870 1.793 FORMULA: 1000*(1+T)= 1339.3870 = 1296.886984 T = 15.60% R = 29.69% NLIC VAII EMERGING GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 4.188758 238.73426 1 FEE 16-Mar-99 0 5.524481 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 238.73426 2387.3426 1.793 FORMULA: 1000*(1+T)= 2387.3426 = 2344.842581 T = 60.84% R = 134.48% NLIC VAII REAL ESTATE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 11.764159 85.00395 1 FEE 18-May-99 0 11.121666 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 85.00395 850.0395 1.621 FORMULA: 1000*(1+T)= 850.0395 = 807.5394814 T = -12.36% R = -19.25% Non-Standardized Calculations Dates: Current: 12/31/99 3 Months Ago: 09/30/99 End of Last Year: 12/31/98 One Yr Ago: 12/31/98 Two Yrs Ago: 12/31/97 Three Yrs Ago: 12/31/96 Five Yrs Ago: 12/31/94 Ten Yrs Ago: 12/31/89 Inception Inception Ten Yr Five Yr Three Two One Yr YTD 3 Months Today's Fund Date AUV AUV AUV AUV AUV AUV AUV AUV AUV Emerging Growth 03/16/98 4.18875786 N/A N/A N/A N/A 4.995968945 4.995968945 6.260247658 10 Emerging Markets 03/16/98 7.466102118 N/A N/A N/A N/A 5.244316908 5.244316908 6.72585024 10 Equity Growth 03/16/98 7.289372676 N/A N/A N/A N/A 7.322374881 7.322374881 8.25218783 10 International Magnum 03/16/98 8.410630622 N/A N/A N/A N/A 8.156256129 8.156256129 8.966068631 10 Real Estate 05/18/98 11.76415945 N/A N/A N/A N/A 10.36374895 10.36374895 10.15390526 10 Non-Standardized Performance Inception Ten Years Five Years Three Years Two Years One Year YTD Three Months Total Average Total Average Total Average Total Average Total Average 138.73% 62.40% N/A N/A N/A N/A N/A N/A N/A N/A 100.16% 100.16% 59.74% 33.94% 17.68% N/A N/A N/A N/A N/A N/A N/A N/A 90.68% 90.68% 48.68% 37.19% 19.27% N/A N/A N/A N/A N/A N/A N/A N/A 36.57% 36.57% 21.18% 18.90% 10.13% N/A N/A N/A N/A N/A N/A N/A N/A 22.61% 22.61% 11.53% - -15.00% -9.53% N/A N/A N/A N/A N/A N/A N/A N/A -3.51% -3.51% -1.52% NLIC VAII MONEY MARKET 31-Dec-98 NO. YEARS 1.000 TO 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.745211 102.61450 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 102.61450 1026.1450 1.000 FORMULA: 1000*(1+T)= 1026.1450 - (0.85 * 1000 * 0.05) = 983.6450 T = -1.64% R = -1.64% NLIC VAII HIGH YIELD 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.349003 96.62766 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.62766 966.2766 1.000 FORMULA: 1000*(1+T)= 966.2766 - (0.85 * 1000 * 0.05) = 923.7766 T = -7.62% R = -7.62% NLIC VAII EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.438437 155.31719 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.31719 1553.1719 1.000 FORMULA: 1000*(1+T)= 1553.1719 - (0.85 * 1000 * 0.05) = 1510.6719 T = 51.07% R = 51.07% NLIC VAII QUALITY INCOME 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.671838 93.70457 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.70457 937.0457 1.000 FORMULA: 1000*(1+T)= 937.0457 - (0.85 * 1000 * 0.05) = 894.5457 T = -10.55% R = -10.55% NLIC VAII STRATEGIST 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.701314 114.92517 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 114.92517 1149.2517 1.000 FORMULA: 1000*(1+T)= 1149.2517 - (0.85 * 1000 * 0.05) = 1106.7517 T = 10.68% R = 10.68% NLIC VAII DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.461347 95.58998 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 95.58998 955.8998 1.000 FORMULA: 1000*(1+T)= 955.8998 - (0.85 * 1000 * 0.05) = 913.3998 T = -8.66% R = -8.66% NLIC VAII UTILITIES 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.059207 110.38493 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 110.38493 1103.8493 1.000 FORMULA: 1000*(1+T)= 1103.8493 - (0.85 * 1000 * 0.05) = 1061.3493 T = 6.13% R = 6.13% NLIC VAII EUROPEAN GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.908546 126.44550 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 126.44550 1264.4550 1.000 FORMULA: 1000*(1+T)= 1264.4550 - (0.85 * 1000 * 0.05) = 1221.9550 T = 22.20% R = 22.20% NLIC VAII CAPITAL GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.660360 130.54216 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 130.54216 1305.4216 1.000 FORMULA: 1000*(1+T)= 1305.4216 - (0.85 * 1000 * 0.05) = 1262.9216 T = 26.29% R = 26.29% NLIC VAII PACIFIC GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.147567 162.66598 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 162.66598 1626.6598 1.000 FORMULA: 1000*(1+T)= 1626.6598 - (0.85 * 1000 * 0.05) = 1584.1598 T = 58.42% R = 58.42% NLIC VAII GLOBAL DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.906124 112.28230 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 112.28230 1122.8230 1.000 FORMULA: 1000*(1+T)= 1122.8230 - (0.85 * 1000 * 0.05) = 1080.3230 T = 8.03% R = 8.03% NLIC VAII CAPITAL APPRECIATION 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.123843 98.77672 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 98.77672 1070.8371 1.000 FORMULA: 1000*(1+T)= 1070.8371 - (0.85 * 1000 * 0.05) = 1028.3371 T = 2.83% R = 2.83% NLIC VAII INCOME BUILDER 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.537482 104.84948 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 104.84948 1048.4948 1.000 FORMULA: 1000*(1+T)= 1048.4948 - (0.85 * 1000 * 0.05) = 1005.9948 T = 0.60% R = 0.60% NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.322375 136.56771 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.56771 1365.6771 1.000 FORMULA: 1000*(1+T)= 1365.6771 - (0.85 * 1000 * 0.05) = 1323.1771 T = 32.32% R = 32.32% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.156256 122.60527 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.60527 1226.0527 1.000 FORMULA: 1000*(1+T)= 1226.0527 - (0.85 * 1000 * 0.05) = 1183.5527 T = 18.36% R = 18.36% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.244317 190.68260 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.68260 1906.8260 1.000 FORMULA: 1000*(1+T)= 1906.8260 - (0.85 * 1000 * 0.05) = 1864.3260 T = 86.43% R = 86.43% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.995969 200.16137 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.16137 2001.6137 1.000 FORMULA: 1000*(1+T)= 2001.6137 - (0.85 * 1000 * 0.05) = 1959.1137 T = 95.91% R = 95.91% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.363749 96.49018 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.49018 964.9018 1.000 FORMULA: 1000*(1+T)= 964.9018 - (0.85 * 1000 * 0.05) = 922.4018 T = -7.76% R = -7.76% NLIC VAII COMPETITIVE EDGE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.097791 123.49046 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 123.49046 1234.9046 1.000 FORMULA: 1000*(1+T)= 1234.9046 - (0.85 * 1000 * 0.05) = 1192.4046 T = 19.24% R = 19.24% NLIC VAII S&P 500 INDEX 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.530717 117.22344 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.22344 1172.2344 1.000 FORMULA: 1000*(1+T)= 1172.2344 - (0.85 * 1000 * 0.05) = 1129.7344 T = 12.97% R = 12.97% NLIC VAII AGGRESSIVE EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Premier Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.582467 131.88319 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 131.88319 1318.8319 1.000 FORMULA: 1000*(1+T)= 1318.8319 - (0.85 * 1000 * 0.05) = 1276.3319 T = 27.63% R = 27.63% Alliance Growth and Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.155429 109.22481 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 109.22481 1092.2481 1.000 FORMULA: 1000*(1+T)= 1092.2481 - (0.85 * 1000 * 0.05) = 1049.7481 T = 4.97% R = 4.97% Aim Cap App 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.043204 141.98084 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 141.98084 1419.8084 1.000 FORMULA: 1000*(1+T)= 1419.8084 - (0.85 * 1000 * 0.05) = 1377.3084 T = 37.73% R = 37.73% Aim Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.531687 132.77238 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 132.77238 1327.7238 1.000 FORMULA: 1000*(1+T)= 1327.7238 - (0.85 * 1000 * 0.05) = 1285.2238 T = 28.52% R = 28.52% Aim Value 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.841189 127.53168 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 127.53168 1275.3168 1.000 FORMULA: 1000*(1+T)= 1275.3168 - (0.85 * 1000 * 0.05) = 1232.8168 T = 23.28% R = 23.28% Putnam International Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.364334 157.12563 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 157.12563 1571.2563 1.000 FORMULA: 1000*(1+T)= 1571.2563 - (0.85 * 1000 * 0.05) = 1528.7563 T = 52.88% R = 52.88% Putnam Voyager 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.445722 155.14165 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.14165 1551.4165 1.000 FORMULA: 1000*(1+T)= 1551.4165 - (0.85 * 1000 * 0.05) = 1508.9165 T = 50.89% R = 50.89% Putnam Growth & Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.038915 99.61236 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 99.61236 996.1236 1.000 FORMULA: 1000*(1+T)= 996.1236 - (0.85 * 1000 * 0.05) = 953.6236 T = -4.64% R = -4.64% MSDW Mid Cap 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.467342 118.10081 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 118.10081 1181.0081 1.000 FORMULA: 1000*(1+T)= 1181.0081 - (0.85 * 1000 * 0.05) = 1138.5081 T = 13.85% R = 13.85% NLIC VAII MONEY MARKET 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.624085 115.95433 FEE 31-Dec-95 0 8.919932 0.00000 FEE 31-Dec-96 0 9.181080 0.00000 FEE 31-Dec-97 0 9.461883 0.00000 FEE 31-Dec-98 0 9.745211 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 115.95433 1159.5433 5.000 FORMULA: 1000*(1+T)= 1159.5433 - (0.85 * 1000 * 0.02) = 1142.543288 T = 2.70% R = 14.25% NLIC VAII HIGH YIELD 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.348855 119.77690 FEE 31-Dec-95 0 9.378353 0.00000 FEE 31-Dec-96 0 10.283623 0.00000 FEE 31-Dec-97 0 11.266035 0.00000 FEE 31-Dec-98 0 10.349003 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 119.77690 1197.7690 5.000 FORMULA: 1000*(1+T)= 1197.7690 - (0.85 * 1000 * 0.02) = 1180.768971 T = 3.38% R = 18.08% NLIC VAII EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.411315 414.71152 FEE 31-Dec-95 0 3.403211 0.00000 FEE 31-Dec-96 0 3.744395 0.00000 FEE 31-Dec-97 0 5.039713 0.00000 FEE 31-Dec-98 0 6.438437 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 414.71152 4147.1152 5.000 FORMULA: 1000*(1+T)= 4147.1152 - (0.85 * 1000 * 0.02) = 4130.115185 T = 32.80% R = 313.01% NLIC VAII QUALITY INCOME 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 7.590145 131.74979 FEE 31-Dec-95 0 9.266704 0.00000 FEE 31-Dec-96 0 9.215297 0.00000 FEE 31-Dec-97 0 10.027726 0.00000 FEE 31-Dec-98 0 10.671838 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 131.74979 1317.4979 5.000 FORMULA: 1000*(1+T)= 1317.4979 - (0.85 * 1000 * 0.02) = 1300.497933 T = 5.40% R = 30.05% NLIC VAII STRATEGIST 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.228648 191.25402 FEE 31-Dec-95 0 5.597230 0.00000 FEE 31-Dec-96 0 6.304326 0.00000 FEE 31-Dec-97 0 7.020993 0.00000 FEE 31-Dec-98 0 8.701314 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 191.25402 1912.5402 5.000 FORMULA: 1000*(1+T)= 1912.5402 - (0.85 * 1000 * 0.02) = 1895.540186 T = 13.64% R = 89.55% NLIC VAII DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.712610 212.19664 FEE 31-Dec-95 0 6.260210 0.00000 FEE 31-Dec-96 0 7.599025 0.00000 FEE 31-Dec-97 0 9.347630 0.00000 FEE 31-Dec-98 0 10.461347 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 212.19664 2121.9664 5.000 FORMULA: 1000*(1+T)= 2121.9664 - (0.85 * 1000 * 0.02) = 2104.966396 T = 16.05% R = 110.50% NLIC VAII UTILITIES 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.479972 223.21570 FEE 31-Dec-95 0 5.640209 0.00000 FEE 31-Dec-96 0 6.002364 0.00000 FEE 31-Dec-97 0 7.474430 0.00000 FEE 31-Dec-98 0 9.059207 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 223.21570 2232.1570 5.000 FORMULA: 1000*(1+T)= 2232.1570 - (0.85 * 1000 * 0.02) = 2215.156975 T = 17.24% R = 121.52% NLIC VAII EUROPEAN GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.655885 273.53159 FEE 31-Dec-95 0 4.501653 0.00000 FEE 31-Dec-96 0 5.730216 0.00000 FEE 31-Dec-97 0 6.514317 0.00000 FEE 31-Dec-98 0 7.908546 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 273.53159 2735.3159 5.000 FORMULA: 1000*(1+T)= 2735.3159 - (0.85 * 1000 * 0.02) = 2718.315932 T = 22.14% R = 171.83% NLIC VAII CAPITAL GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.751635 266.55043 FEE 31-Dec-95 0 4.907893 0.00000 FEE 31-Dec-96 0 5.360785 0.00000 FEE 31-Dec-97 0 6.538349 0.00000 FEE 31-Dec-98 0 7.660360 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 266.55043 2665.5043 5.000 FORMULA: 1000*(1+T)= 2665.5043 - (0.85 * 1000 * 0.02) = 2648.504283 T = 21.51% R = 164.85% NLIC VAII PACIFIC GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 10.794556 92.63929 FEE 31-Dec-95 0 11.288485 0.00000 FEE 31-Dec-96 0 11.483419 0.00000 FEE 31-Dec-97 0 7.006014 0.00000 FEE 31-Dec-98 0 6.147567 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 92.63929 926.3929 5.000 FORMULA: 1000*(1+T)= 926.3929 - (0.85 * 1000 * 0.02) = 909.392917 T = -1.88% R = -9.06% NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.342601 187.17476 FEE 31-Dec-95 0 6.396613 0.00000 FEE 31-Dec-96 0 7.365255 0.00000 FEE 31-Dec-97 0 8.081349 0.00000 FEE 31-Dec-98 0 8.906124 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 187.17476 1871.7476 5.000 FORMULA: 1000*(1+T)= 1871.7476 - (0.85 * 1000 * 0.02) = 1854.747596 T = 13.15% R = 85.47% NLIC VAII CAPITAL APPRECIATION 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 11.163269 0.00000 FEE 31-Dec-98 0 10.123843 0.00000 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 9.435625 0.00000 FEE 31-Dec-98 0 9.537482 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 6.267807 0.00000 FEE 31-Dec-98 0 7.322375 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.670803 0.00000 FEE 31-Dec-98 0 8.156256 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 7.226843 0.00000 FEE 31-Dec-97 0 7.099148 0.00000 FEE 31-Dec-98 0 5.244317 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 2.752920 0.00000 FEE 31-Dec-96 0 3.144550 0.00000 FEE 31-Dec-97 0 3.708513 0.00000 FEE 31-Dec-98 0 4.995969 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 12.155849 0.00000 FEE 31-Dec-98 0 10.363749 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.097791 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.530717 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Premier Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.833534 352.91613 FEE 31-Dec-95 0 3.753962 0.00000 FEE 31-Dec-96 0 4.723648 0.00000 FEE 31-Dec-97 0 6.014734 0.00000 FEE 31-Dec-98 0 7.582467 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 352.91613 3529.1613 5.000 FORMULA: 1000*(1+T)= 3529.1613 - (0.85 * 1000 * 0.02) = 3512.161254 T = 28.56% R = 251.22% Alliance Growth and Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.793108 263.63607 FEE 31-Dec-95 0 5.045142 0.00000 FEE 31-Dec-96 0 6.131041 0.00000 FEE 31-Dec-97 0 7.733274 0.00000 FEE 31-Dec-98 0 9.155429 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 263.63607 2636.3607 5.000 FORMULA: 1000*(1+T)= 2636.3607 - (0.85 * 1000 * 0.02) = 2619.36074 T = 21.24% R = 161.94% Aim Cap App 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.613394 276.74815 FEE 31-Dec-95 0 4.813782 0.00000 FEE 31-Dec-96 0 5.556365 0.00000 FEE 31-Dec-97 0 6.191787 0.00000 FEE 31-Dec-98 0 7.043204 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 276.74815 2767.4815 5.000 FORMULA: 1000*(1+T)= 2767.4815 - (0.85 * 1000 * 0.02) = 2750.481497 T = 22.43% R = 175.05% Aim Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.210519 311.47612 FEE 31-Dec-95 0 4.248141 0.00000 FEE 31-Dec-96 0 4.924696 0.00000 FEE 31-Dec-97 0 6.134038 0.00000 FEE 31-Dec-98 0 7.531687 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 311.47612 3114.7612 5.000 FORMULA: 1000*(1+T)= 3114.7612 - (0.85 * 1000 * 0.02) = 3097.761172 T = 25.37% R = 209.78% Aim Value 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.455111 289.42629 FEE 31-Dec-95 0 4.621999 0.00000 FEE 31-Dec-96 0 5.218945 0.00000 FEE 31-Dec-97 0 6.337614 0.00000 FEE 31-Dec-98 0 7.841189 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 289.42629 2894.2629 5.000 FORMULA: 1000*(1+T)= 2894.2629 - (0.85 * 1000 * 0.02) = 2877.262898 T = 23.54% R = 187.73% Putnam International Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 5.473753 0.00000 FEE 31-Dec-98 0 6.364334 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.805049 356.49997 FEE 31-Dec-95 0 3.862430 0.00000 FEE 31-Dec-96 0 4.270957 0.00000 FEE 31-Dec-97 0 5.289048 0.00000 FEE 31-Dec-98 0 6.445722 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 356.49997 3564.9997 5.000 FORMULA: 1000*(1+T)= 3564.9997 - (0.85 * 1000 * 0.02) = 3547.99974 T = 28.82% R = 254.80% Putnam Growth & Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.571812 218.73165 FEE 31-Dec-95 0 6.118029 0.00000 FEE 31-Dec-96 0 7.301115 0.00000 FEE 31-Dec-97 0 8.872453 0.00000 FEE 31-Dec-98 0 10.038915 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 218.73165 2187.3165 5.000 FORMULA: 1000*(1+T)= 2187.3165 - (0.85 * 1000 * 0.02) = 2170.316489 T = 16.76% R = 117.03% MSDW Mid Cap 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.661866 0.00000 FEE 31-Dec-98 0 8.467342 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII MONEY MARKET 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 7.597884 131.61558 FEE 29-Dec-90 0 8.027763 0.00000 FEE 29-Dec-91 0 8.315280 0.00000 FEE 29-Dec-92 0 8.424764 0.00000 FEE 29-Dec-93 0 8.477431 0.00000 FEE 29-Dec-94 0 8.618849 0.00000 FEE 29-Dec-95 0 8.919932 0.00000 FEE 29-Dec-96 0 9.178183 0.00000 FEE 29-Dec-97 0 9.460242 0.00000 FEE 29-Dec-98 0 9.743823 0.00000 FEE 29-Dec-99 0 9.998175 0.00000 RESULTING VALUE 29-Dec-99 9.998175 131.61558 1315.9157 10.000 FORMULA: 1000*(1+T)= 1315.9157 - (0.85 * 1000 * 0) = 1315.915696 T = 2.78% R = 31.59% NLIC VAII HIGH YIELD 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.550322 180.16973 FEE 29-Dec-90 0 4.023727 0.00000 FEE 29-Dec-91 0 6.103127 0.00000 FEE 29-Dec-92 0 7.175187 0.00000 FEE 29-Dec-93 0 8.688653 0.00000 FEE 29-Dec-94 0 8.323302 0.00000 FEE 29-Dec-95 0 9.378353 0.00000 FEE 29-Dec-96 0 10.264688 0.00000 FEE 29-Dec-97 0 11.252477 0.00000 FEE 29-Dec-98 0 10.328260 0.00000 FEE 29-Dec-99 0 9.987497 0.00000 RESULTING VALUE 29-Dec-99 9.987497 180.16973 1799.4447 10.000 FORMULA: 1000*(1+T)= 1799.4447 - (0.85 * 1000 * 0) = 1799.444692 T = 6.05% R = 79.94% NLIC VAII EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.548728 645.69114 FEE 29-Dec-90 0 1.456723 0.00000 FEE 29-Dec-91 0 2.217548 0.00000 FEE 29-Dec-92 0 2.210775 0.00000 FEE 29-Dec-93 0 2.612309 0.00000 FEE 29-Dec-94 0 2.443114 0.00000 FEE 29-Dec-95 0 3.403211 0.00000 FEE 29-Dec-96 0 3.788241 0.00000 FEE 29-Dec-97 0 4.913366 0.00000 FEE 29-Dec-98 0 6.428685 0.00000 FEE 29-Dec-99 0 9.869915 0.00000 RESULTING VALUE 29-Dec-99 9.869915 645.69114 6372.9167 10.000 FORMULA: 1000*(1+T)= 6372.9167 - (0.85 * 1000 * 0) = 6372.916733 T = 20.35% R = 537.29% NLIC VAII QUALITY INCOME 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.839028 171.26139 FEE 29-Dec-90 0 6.074792 0.00000 FEE 29-Dec-91 0 7.045924 0.00000 FEE 29-Dec-92 0 7.517733 0.00000 FEE 29-Dec-93 0 8.379628 0.00000 FEE 29-Dec-94 0 7.623569 0.00000 FEE 29-Dec-95 0 9.266704 0.00000 FEE 29-Dec-96 0 9.286518 0.00000 FEE 29-Dec-97 0 10.017246 0.00000 FEE 29-Dec-98 0 10.638364 0.00000 FEE 29-Dec-99 0 10.023642 0.00000 RESULTING VALUE 29-Dec-99 10.023642 171.26139 1716.6630 10.000 FORMULA: 1000*(1+T)= 1716.6630 - (0.85 * 1000 * 0) = 1716.662958 T = 5.55% R = 71.67% NLIC VAII STRATEGIST 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.618698 276.34246 FEE 29-Dec-90 0 3.584520 0.00000 FEE 29-Dec-91 0 4.419664 0.00000 FEE 29-Dec-92 0 4.743734 0.00000 FEE 29-Dec-93 0 5.156985 0.00000 FEE 29-Dec-94 0 5.224471 0.00000 FEE 29-Dec-95 0 5.597230 0.00000 FEE 29-Dec-96 0 6.379530 0.00000 FEE 29-Dec-97 0 6.930006 0.00000 FEE 29-Dec-98 0 8.722034 0.00000 FEE 29-Dec-99 0 9.954693 0.00000 RESULTING VALUE 29-Dec-99 9.954693 276.34246 2750.9044 10.000 FORMULA: 1000*(1+T)= 2750.9044 - (0.85 * 1000 * 0) = 2750.904417 T = 10.65% R = 175.09% NLIC VAII DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.319244 0.00000 FEE 29-Dec-91 0 4.080805 0.00000 FEE 29-Dec-92 0 4.414721 0.00000 FEE 29-Dec-93 0 4.978917 0.00000 FEE 29-Dec-94 0 4.698679 0.00000 FEE 29-Dec-95 0 6.260210 0.00000 FEE 29-Dec-96 0 7.719059 0.00000 FEE 29-Dec-97 0 9.193838 0.00000 FEE 29-Dec-98 0 10.526520 0.00000 FEE 29-Dec-99 0 9.909737 0.00000 RESULTING VALUE 29-Dec-99 9.909737 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII UTILITIES 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.411856 0.00000 FEE 29-Dec-91 0 3.957497 0.00000 FEE 29-Dec-92 0 4.434784 0.00000 FEE 29-Dec-93 0 5.050264 0.00000 FEE 29-Dec-94 0 4.487957 0.00000 FEE 29-Dec-95 0 5.640209 0.00000 FEE 29-Dec-96 0 6.050181 0.00000 FEE 29-Dec-97 0 7.422197 0.00000 FEE 29-Dec-98 0 9.040655 0.00000 FEE 29-Dec-99 0 9.911515 0.00000 RESULTING VALUE 29-Dec-99 9.911515 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EUROPEAN GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 2.406833 0.00000 FEE 29-Dec-92 0 2.483949 0.00000 FEE 29-Dec-93 0 3.487373 0.00000 FEE 29-Dec-94 0 3.638804 0.00000 FEE 29-Dec-95 0 4.501653 0.00000 FEE 29-Dec-96 0 5.641131 0.00000 FEE 29-Dec-97 0 6.512296 0.00000 FEE 29-Dec-98 0 7.970566 0.00000 FEE 29-Dec-99 0 9.854949 0.00000 RESULTING VALUE 29-Dec-99 9.854949 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 4.196976 0.00000 FEE 29-Dec-92 0 4.278149 0.00000 FEE 29-Dec-93 0 3.912952 0.00000 FEE 29-Dec-94 0 3.776877 0.00000 FEE 29-Dec-95 0 4.907893 0.00000 FEE 29-Dec-96 0 5.378112 0.00000 FEE 29-Dec-97 0 6.285242 0.00000 FEE 29-Dec-98 0 7.488135 0.00000 FEE 29-Dec-99 0 9.899990 0.00000 RESULTING VALUE 29-Dec-99 9.899990 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII PACIFIC GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 10.878207 0.00000 FEE 29-Dec-95 0 11.288485 0.00000 FEE 29-Dec-96 0 11.405309 0.00000 FEE 29-Dec-97 0 6.915219 0.00000 FEE 29-Dec-98 0 6.088576 0.00000 FEE 29-Dec-99 0 9.883201 0.00000 RESULTING VALUE 29-Dec-99 9.883201 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 5.335732 0.00000 FEE 29-Dec-95 0 6.396613 0.00000 FEE 29-Dec-96 0 7.368660 0.00000 FEE 29-Dec-97 0 7.997230 0.00000 FEE 29-Dec-98 0 8.881705 0.00000 FEE 29-Dec-99 0 9.906612 0.00000 RESULTING VALUE 29-Dec-99 9.906612 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL APPRECIATION 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 10.769665 0.00000 FEE 29-Dec-98 0 10.066025 0.00000 FEE 29-Dec-99 0 10.840987 0.00000 RESULTING VALUE 29-Dec-99 10.840987 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 9.315127 0.00000 FEE 29-Dec-98 0 9.472058 0.00000 FEE 29-Dec-99 0 9.849602 0.00000 RESULTING VALUE 29-Dec-99 9.849602 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 6.111065 0.00000 FEE 29-Dec-98 0 7.328064 0.00000 FEE 29-Dec-99 0 9.956825 0.00000 RESULTING VALUE 29-Dec-99 9.956825 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 7.627334 0.00000 FEE 29-Dec-98 0 8.142662 0.00000 FEE 29-Dec-99 0 9.878734 0.00000 RESULTING VALUE 29-Dec-99 9.878734 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 7.213709 0.00000 FEE 29-Dec-97 0 7.017136 0.00000 FEE 29-Dec-98 0 5.215409 0.00000 FEE 29-Dec-99 0 9.885519 0.00000 RESULTING VALUE 29-Dec-99 9.885519 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 2.752920 0.00000 FEE 29-Dec-96 0 3.136057 0.00000 FEE 29-Dec-97 0 3.562376 0.00000 FEE 29-Dec-98 0 4.914807 0.00000 FEE 29-Dec-99 0 9.862683 0.00000 RESULTING VALUE 29-Dec-99 9.862683 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 11.954787 0.00000 FEE 29-Dec-98 0 10.195703 0.00000 FEE 29-Dec-99 0 9.935272 0.00000 RESULTING VALUE 29-Dec-99 9.935272 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.123487 0.00000 FEE 29-Dec-99 0 9.968803 0.00000 RESULTING VALUE 29-Dec-99 9.968803 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.607738 0.00000 FEE 29-Dec-99 0 9.963909 0.00000 RESULTING VALUE 29-Dec-99 9.963909 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 9.884447 0.00000 RESULTING VALUE 29-Dec-99 9.884447 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 10.005743 0.00000 RESULTING VALUE 29-Dec-99 10.005743 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.648135 606.74626 FEE 29-Dec-90 0 1.566760 0.00000 FEE 29-Dec-91 0 2.172141 0.00000 FEE 29-Dec-92 0 2.408361 0.00000 FEE 29-Dec-93 0 2.817624 0.00000 FEE 29-Dec-94 0 2.802851 0.00000 FEE 29-Dec-95 0 3.862883 0.00000 FEE 29-Dec-96 0 4.279835 0.00000 FEE 29-Dec-97 0 5.132648 0.00000 FEE 29-Dec-98 0 6.338012 0.00000 FEE 29-Dec-99 0 9.875441 0.00000 RESULTING VALUE 29-Dec-99 9.875441 606.74626 5991.8869 10.000 FORMULA: 1000*(1+T)= 5991.8869 - (0.85 * 1000 * 0) = 5991.886914 T = 19.61% R = 499.19% Putnam Growth & Income 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.331264 300.18633 FEE 29-Dec-90 0 3.319967 0.00000 FEE 29-Dec-91 0 3.808873 0.00000 FEE 29-Dec-92 0 4.151517 0.00000 FEE 29-Dec-93 0 4.671089 0.00000 FEE 29-Dec-94 0 4.572348 0.00000 FEE 29-Dec-95 0 6.118747 0.00000 FEE 29-Dec-96 0 7.418796 0.00000 FEE 29-Dec-97 0 8.723087 0.00000 FEE 29-Dec-98 0 10.137712 0.00000 FEE 29-Dec-99 0 9.952403 0.00000 RESULTING VALUE 29-Dec-99 9.952403 300.18633 2987.5753 10.000 FORMULA: 1000*(1+T)= 2987.5753 - (0.85 * 1000 * 0) = 2987.575327 T = 11.57% R = 198.76% NLIC VAII MONEY MARKET 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 5.779084 173.03782 1 FEE 09-Mar-85 0 5.978253 0.00000 0.06 2 FEE 09-Mar-86 0 6.304418 0.00000 0.05 3 FEE 09-Mar-87 0 6.550026 0.00000 0.05 4 09-Mar-88 0 6.831953 0.00000 0.04 5 09-Mar-89 0 7.200657 0.00000 0.03 6 09-Mar-90 0 7.681132 0.00000 0.02 7 09-Mar-91 0 8.097980 0.00000 0 8 09-Mar-92 0 8.348061 0.00000 0 9 09-Mar-93 0 8.437115 0.00000 0 10 09-Mar-94 0 8.488075 0.00000 0 11 09-Mar-95 0 8.676677 0.00000 0 12 09-Mar-96 0 8.970752 0.00000 0 13 09-Mar-97 0 9.228627 0.00000 0 14 FEE 09-Mar-98 0 9.515768 0.00000 0 15 FEE 09-Mar-99 0 9.790239 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 173.03782 1730.3782 15.811 FORMULA: 1000*(1+T)= 1730.3782 = 1730.378169 T = 3.53% R = 73.04% NLIC VAII HIGH YIELD 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 4.096717 244.09791 1 FEE 09-Mar-85 0 4.558101 0.00000 0.06 2 FEE 09-Mar-86 0 5.741788 0.00000 0.05 3 FEE 09-Mar-87 0 6.725025 0.00000 0.05 4 09-Mar-88 0 6.346613 0.00000 0.04 5 09-Mar-89 0 6.726658 0.00000 0.03 6 09-Mar-90 0 5.224828 0.00000 0.02 7 09-Mar-91 0 4.725149 0.00000 0 8 09-Mar-92 0 7.116874 0.00000 0 9 09-Mar-93 0 7.703228 0.00000 0 10 09-Mar-94 0 8.983652 0.00000 0 11 09-Mar-95 0 8.449515 0.00000 0 12 09-Mar-96 0 9.591881 0.00000 0 13 09-Mar-97 0 10.278654 0.00000 0 14 FEE 09-Mar-98 0 11.439985 0.00000 0 15 FEE 09-Mar-99 0 10.206928 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 244.09791 2440.9791 15.811 FORMULA: 1000*(1+T)= 2440.9791 = 2440.979077 T = 5.81% R = 144.10% NLIC VAII EQUITY 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 0.902815 1107.64621 1 FEE 09-Mar-85 0 1.024301 0.00000 0.06 2 FEE 09-Mar-86 0 1.301990 0.00000 0.05 3 FEE 09-Mar-87 0 1.604992 0.00000 0.05 4 09-Mar-88 0 1.368497 0.00000 0.04 5 09-Mar-89 0 1.394195 0.00000 0.03 6 09-Mar-90 0 1.491279 0.00000 0.02 7 09-Mar-91 0 1.732807 0.00000 0 8 09-Mar-92 0 2.112029 0.00000 0 9 09-Mar-93 0 2.350844 0.00000 0 10 09-Mar-94 0 2.728748 0.00000 0 11 09-Mar-95 0 2.519810 0.00000 0 12 09-Mar-96 0 3.409620 0.00000 0 13 09-Mar-97 0 4.035612 0.00000 0 14 FEE 09-Mar-98 0 5.361026 0.00000 0 15 FEE 09-Mar-99 0 7.005354 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 1107.64621 11076.4621 15.811 FORMULA: 1000*(1+T)= 11076.4621 = 11076.46213 T = 16.43% R = 1007.65% NLIC VAII QUALITY INCOME 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 5.215116 0.00000 0.06 2 FEE 01-Mar-89 0 5.281266 0.00000 0.05 3 FEE 01-Mar-90 0 5.695790 0.00000 0.05 4 01-Mar-91 0 6.248172 0.00000 0.04 5 01-Mar-92 0 7.019583 0.00000 0.03 6 01-Mar-93 0 7.908529 0.00000 0.02 7 01-Mar-94 0 8.130473 0.00000 0 8 01-Mar-95 0 7.979969 0.00000 0 9 01-Mar-96 0 9.045990 0.00000 0 10 01-Mar-97 0 9.226718 0.00000 0 11 01-Mar-98 0 10.097302 0.00000 0 12 01-Mar-99 0 10.347011 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII STRATEGIST 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 3.244307 0.00000 0.06 2 FEE 01-Mar-89 0 3.366019 0.00000 0.05 3 FEE 01-Mar-90 0 3.606719 0.00000 0.05 4 01-Mar-91 0 4.012480 0.00000 0.04 5 01-Mar-92 0 4.554431 0.00000 0.03 6 01-Mar-93 0 4.854806 0.00000 0.02 7 01-Mar-94 0 5.173903 0.00000 0 8 01-Mar-95 0 5.265790 0.00000 0 9 01-Mar-96 0 5.760946 0.00000 0 10 01-Mar-97 0 6.534956 0.00000 0 11 01-Mar-98 0 7.494242 0.00000 0 12 01-Mar-99 0 8.780960 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII DIVIDEND GROWTH 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.679611 271.76786 1 FEE 01-Mar-91 0 3.760752 0.00000 0.06 2 FEE 01-Mar-92 0 4.188517 0.00000 0.05 3 FEE 01-Mar-93 0 4.566456 0.00000 0.05 4 01-Mar-94 0 4.875610 0.00000 0.04 5 01-Mar-95 0 4.983606 0.00000 0.03 6 01-Mar-96 0 6.629866 0.00000 0.02 7 01-Mar-97 0 7.873892 0.00000 0 8 01-Mar-98 0 9.920587 0.00000 0 9 01-Mar-99 0 10.222898 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 271.76786 2717.6786 9.834 FORMULA: 1000*(1+T)= 2717.6786 = 2717.678584 T = 10.70% R = 171.77% NLIC VAII UTILITIES 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.314601 301.69547 1 FEE 01-Mar-91 0 3.511071 0.00000 0.06 2 FEE 01-Mar-92 0 3.869640 0.00000 0.05 3 FEE 01-Mar-93 0 4.761284 0.00000 0.05 4 01-Mar-94 0 4.765743 0.00000 0.04 5 01-Mar-95 0 4.646993 0.00000 0.03 6 01-Mar-96 0 5.669715 0.00000 0.02 7 01-Mar-97 0 6.052319 0.00000 0 8 01-Mar-98 0 7.674091 0.00000 0 9 01-Mar-99 0 8.718012 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 301.69547 3016.9547 9.834 FORMULA: 1000*(1+T)= 3016.9547 = 3016.954663 T = 11.88% R = 201.70% NLIC VAII EUROPEAN GROWTH 01-Mar-91 TO NO. YEARS 8.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-91 1000.00 2.458532 406.74684 1 FEE 01-Mar-92 0 2.515258 0.00000 0.06 2 FEE 01-Mar-93 0 2.602788 0.00000 0.05 3 FEE 01-Mar-94 0 3.553234 0.00000 0.05 4 01-Mar-95 0 3.739911 0.00000 0.04 5 01-Mar-96 0 4.723459 0.00000 0.03 6 01-Mar-97 0 5.745336 0.00000 0.02 7 01-Mar-98 0 7.347835 0.00000 0 8 01-Mar-99 0 7.762569 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 406.74684 4067.4684 8.835 FORMULA: 1000*(1+T)= 4067.4684 = 4067.468409 T = 17.21% R = 306.75% NLIC VAII CAPITAL GROWTH 01-Mar-91 TO NO. YEARS 8.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-91 1000.00 3.408389 293.39373 1 FEE 01-Mar-92 0 4.108006 0.00000 0.06 2 FEE 01-Mar-93 0 3.977655 0.00000 0.05 3 FEE 01-Mar-94 0 3.915678 0.00000 0.05 4 01-Mar-95 0 4.021252 0.00000 0.04 5 01-Mar-96 0 5.169823 0.00000 0.03 6 01-Mar-97 0 5.506355 0.00000 0.02 7 01-Mar-98 0 7.061876 0.00000 0 8 01-Mar-99 0 7.596668 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 293.39373 2933.9373 8.835 FORMULA: 1000*(1+T)= 2933.9373 = 2933.93733 T = 12.96% R = 193.39% NLIC VAII PACIFIC GROWTH 22-Feb-94 TO NO. YEARS 5.854 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 22-Feb-94 1000.00 11.897363 84.05224 1 FEE 22-Feb-95 0 10.188622 0.00000 0.06 2 FEE 22-Feb-96 0 12.192851 0.00000 0.05 3 FEE 22-Feb-97 0 11.587215 0.00000 0.05 4 22-Feb-98 0 7.031278 0.00000 0.04 5 22-Feb-99 0 5.914704 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 84.05224 840.5224 5.854 FORMULA: 1000*(1+T)= 840.5224 = 823.522388 T = -3.26% R = -17.65% NLIC VAII GLOBAL DIVIDEND GROWTH 24-Feb-94 TO NO. YEARS 5.848 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 24-Feb-94 1000.00 5.432815 184.06664 1 FEE 24-Feb-95 0 5.374815 0.00000 0.06 2 FEE 24-Feb-96 0 6.605484 0.00000 0.05 3 FEE 24-Feb-97 0 7.437170 0.00000 0.05 4 24-Feb-98 0 8.421370 0.00000 0.04 5 24-Feb-99 0 8.685542 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 184.06664 1840.6664 5.848 FORMULA: 1000*(1+T)= 1840.6664 = 1823.666416 T = 10.82% R = 82.37% NLIC VAII CAPITAL APPRECIATION 21-Jan-97 TO NO. YEARS 2.940 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 21-Jan-97 1000.00 10.000000 100.00000 1 FEE 21-Jan-98 0 10.937002 0.00000 0.06 2 FEE 21-Jan-99 0 10.535104 0.00000 0.05 3 FEE 31-Dec-99 0 10.840987 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.840987 100.00000 1084.0987 2.940 FORMULA: 1000*(1+T)= 1084.0987 = 1041.5987 T = 1.40% R = 4.16% NLIC VAII INCOME BUILDER 21-Jan-97 TO NO. YEARS 2.940 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 21-Jan-97 1000.00 7.863132 127.17579 1 FEE 21-Jan-98 0 9.408270 0.00000 0.06 2 FEE 21-Jan-99 0 9.617474 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 127.17579 1271.7579 2.940 FORMULA: 1000*(1+T)= 1271.7579 = 1229.257872 T = 7.27% R = 22.93% NLIC VAII EQUITY GROWTH 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.809624 207.91647 1 FEE 02-Jan-98 0 6.252330 0.00000 0.06 2 FEE 02-Jan-99 0 7.288011 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 207.91647 2079.1647 2.992 FORMULA: 1000*(1+T)= 2079.1647 = 2036.664729 T = 26.83% R = 103.67% NLIC VAII INTERNATIONAL MAGNUM 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 7.298178 137.02050 1 FEE 02-Jan-98 0 7.699485 0.00000 0.06 2 FEE 02-Jan-99 0 8.271996 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 137.02050 1370.2050 2.992 FORMULA: 1000*(1+T)= 1370.2050 = 1327.704972 T = 9.94% R = 32.77% NLIC VAII EMERGING MARKETS 01-Oct-96 TO NO. YEARS 3.247 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Oct-96 1000.00 7.427936 134.62689 1 FEE 01-Oct-97 0 8.787587 0.00000 0.06 2 FEE 01-Oct-98 0 4.441227 0.00000 0.05 3 FEE 01-Oct-99 0 6.718202 0.00000 0.05 4 31-Dec-99 0 10.000000 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 134.62689 1346.2689 3.247 FORMULA: 1000*(1+T)= 1346.2689 = 1312.268936 T = 8.73% R = 31.23% NLIC VAII EMERGING GROWTH 03-Jul-95 TO NO. YEARS 4.496 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-Jul-95 1000.00 2.375113 421.03257 1 FEE 03-Jul-96 0 3.193555 0.00000 0.06 2 FEE 03-Jul-97 0 3.464667 0.00000 0.05 3 FEE 03-Jul-98 0 4.505891 0.00000 0.05 4 03-Jul-99 0 6.181131 0.00000 0.04 5 31-Dec-99 0 10.000000 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 421.03257 4210.3257 4.496 FORMULA: 1000*(1+T)= 4210.3257 = 4184.825724 T = 37.50% R = 318.48% NLIC VAII REAL ESTATE 04-Mar-97 TO NO. YEARS 2.825 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 04-Mar-97 1000.00 10.482492 95.39716 1 FEE 04-Mar-98 0 11.857293 0.00000 0.06 2 FEE 04-Mar-99 0 9.968175 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 95.39716 953.9716 2.825 FORMULA: 1000*(1+T)= 953.9716 = 911.4716096 T = -3.23% R = -8.85% NLIC VAII COMPETITIVE EDGE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 8.362580 119.58032 1 FEE 18-May-99 0 8.402678 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 119.58032 1195.8032 1.621 FORMULA: 1000*(1+T)= 1195.8032 = 1153.303205 T = 9.20% R = 15.33% NLIC VAII S&P 500 INDEX 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 7.702531 129.82745 1 FEE 18-May-99 0 9.202987 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 129.82745 1298.2745 1.621 FORMULA: 1000*(1+T)= 1298.2745 = 1255.774549 T = 15.09% R = 25.58% NLIC VAII AGGRESSIVE EQUITY 03-May-99 TO NO. YEARS 0.663 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-May-99 1000.00 6.941047 144.07047 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 144.07047 1440.7047 0.663 FORMULA: 1000*(1+T)= 1440.7047 = 1389.70475 T = 64.33% R = 38.97% NLIC VAII SHORT TERM BOND 03-May-99 TO NO. YEARS 0.663 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-May-99 1000.00 9.984178 100.15847 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 100.15847 1001.5847 0.663 FORMULA: 1000*(1+T)= 1001.5847 = 950.5847377 T = -7.36% R = -4.94% Alliance Premier Growth 14-Jul-99 TO NO. YEARS 0.465 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 14-Jul-99 1000.00 8.917632 112.13739 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 112.13739 1121.3739 0.465 FORMULA: 1000*(1+T)= 1121.3739 = 1070.373914 T = 15.73% R = 7.04% Alliance Growth 15-Sep-94 TO NO. YEARS 5.292 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 15-Sep-94 1000.00 2.707230 369.38119 1 FEE 15-Sep-95 0 3.620752 0.00000 0.06 2 FEE 15-Sep-96 0 4.185016 0.00000 0.05 3 FEE 15-Sep-97 0 5.668388 0.00000 0.05 4 15-Sep-98 0 5.932394 0.00000 0.04 5 15-Sep-99 0 8.162315 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 369.38119 3693.8119 5.292 FORMULA: 1000*(1+T)= 3693.8119 = 3676.811912 T = 27.89% R = 267.68% Alliance Growth and Income 14-Jan-91 TO NO. YEARS 8.961 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 14-Jan-91 1000.00 3.313161 301.82659 1 FEE 14-Jan-92 0 3.361031 0.00000 0.06 2 FEE 14-Jan-93 0 3.552967 0.00000 0.05 3 FEE 14-Jan-94 0 3.886913 0.00000 0.05 4 14-Jan-95 0 3.793108 0.00000 0.04 5 14-Jan-96 0 4.891049 0.00000 0.03 6 14-Jan-97 0 6.275554 0.00000 0.02 7 14-Jan-98 0 7.552597 0.00000 0 8 14-Jan-99 0 9.009857 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 301.82659 3018.2659 8.961 FORMULA: 1000*(1+T)= 3018.2659 = 3018.265941 T = 13.12% R = 201.83% Aim Cap App 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 3.041476 328.78777 1 FEE 05-May-94 0 3.571087 0.00000 0.06 2 FEE 05-May-95 0 3.964294 0.00000 0.05 3 FEE 05-May-96 0 5.341240 0.00000 0.05 4 05-May-97 0 5.575425 0.00000 0.04 5 05-May-98 0 7.007268 0.00000 0.03 6 05-May-99 0 7.221221 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 328.78777 3287.8777 6.656 FORMULA: 1000*(1+T)= 3287.8777 = 3287.87768 T = 19.58% R = 228.79% Aim Growth 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 3.066874 326.06491 1 FEE 05-May-94 0 3.208424 0.00000 0.06 2 FEE 05-May-95 0 3.571126 0.00000 0.05 3 FEE 05-May-96 0 4.490282 0.00000 0.05 4 05-May-97 0 5.264192 0.00000 0.04 5 05-May-98 0 7.057696 0.00000 0.03 6 05-May-99 0 8.021685 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 326.06491 3260.6491 6.656 FORMULA: 1000*(1+T)= 3260.6491 = 3260.649112 T = 19.43% R = 226.06% Aim Value 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 2.981791 335.36891 1 FEE 05-May-94 0 3.449327 0.00000 0.06 2 FEE 05-May-95 0 3.883093 0.00000 0.05 3 FEE 05-May-96 0 4.658387 0.00000 0.05 4 05-May-97 0 5.580781 0.00000 0.04 5 05-May-98 0 7.147443 0.00000 0.03 6 05-May-99 0 8.516362 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 335.36891 3353.6891 6.656 FORMULA: 1000*(1+T)= 3353.6891 = 3353.689072 T = 19.94% R = 235.37% Putnam International Growth 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.815033 207.68288 1 FEE 02-Jan-98 0 5.501845 0.00000 0.06 2 FEE 02-Jan-99 0 6.364334 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 207.68288 2076.8288 2.992 FORMULA: 1000*(1+T)= 2076.8288 = 2034.328847 T = 26.78% R = 103.43% Putnam Voyager 01-Feb-88 TO NO. YEARS 11.912 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Feb-88 1000.00 1.259086 794.22683 1 FEE 01-Feb-89 0 1.348264 0.00000 0.06 2 FEE 01-Feb-90 0 1.462637 0.00000 0.05 3 FEE 01-Feb-91 0 1.682666 0.00000 0.05 4 01-Feb-92 0 2.260748 0.00000 0.04 5 01-Feb-93 0 2.458109 0.00000 0.03 6 01-Feb-94 0 2.891600 0.00000 0.02 7 01-Feb-95 0 2.827535 0.00000 0 8 01-Feb-96 0 3.924729 0.00000 0 9 01-Feb-97 0 4.454545 0.00000 0 10 01-Feb-98 0 5.268645 0.00000 0 11 01-Feb-99 0 6.731763 0.00000 0 12 31-Dec-99 0 10.000000 0.00000 0 13 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-99 10.000000 794.22683 7942.2683 11.912 FORMULA: 1000*(1+T)= 7942.2683 = 7942.2683 T = 19.00% R = 694.23% Putnam Growth & Income 01-Feb-88 TO NO. YEARS 11.912 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Feb-88 1000.00 2.383770 419.50358 1 FEE 01-Feb-89 0 2.949316 0.00000 0.06 2 FEE 01-Feb-90 0 3.195698 0.00000 0.05 3 FEE 01-Feb-91 0 3.443330 0.00000 0.05 4 01-Feb-92 0 3.884325 0.00000 0.04 5 01-Feb-93 0 4.211053 0.00000 0.03 6 01-Feb-94 0 4.776738 0.00000 0.02 7 01-Feb-95 0 4.677055 0.00000 0 8 01-Feb-96 0 6.265884 0.00000 0 9 01-Feb-97 0 7.596473 0.00000 0 10 01-Feb-98 0 8.887645 0.00000 0 11 01-Feb-99 0 10.088974 0.00000 0 12 31-Dec-99 0 10.000000 0.00000 0 13 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-99 10.000000 419.50358 4195.0358 11.912 FORMULA: 1000*(1+T)= 4195.0358 = 4195.03582 T = 12.79% R = 319.50% MSDW Mid Cap 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 5.550716 180.15695 1 FEE 02-Jan-98 0 7.626476 0.00000 0.06 2 FEE 02-Jan-99 0 8.426998 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 180.15695 1801.5695 2.992 FORMULA: 1000*(1+T)= 1801.5695 = 1759.069501 T = 20.77% R = 75.91% NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.326764 136.48591 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.48591 1364.8591 1.000 FORMULA: 1000*(1+T)= 1364.8591 - (0.85 * 1000 * 0.05) = 1322.3591 T = 32.24% R = 32.24% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.161147 122.53180 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.53180 1225.3180 1.000 FORMULA: 1000*(1+T)= 1225.3180 - (0.85 * 1000 * 0.05) = 1182.8180 T = 18.28% R = 18.28% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.247454 190.56860 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.56860 1905.6860 1.000 FORMULA: 1000*(1+T)= 1905.6860 - (0.85 * 1000 * 0.05) = 1863.1860 T = 86.32% R = 86.32% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.998959 200.04164 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.04164 2000.4164 1.000 FORMULA: 1000*(1+T)= 2000.4164 - (0.85 * 1000 * 0.05) = 1957.9164 T = 95.79% R = 95.79% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.369970 96.43230 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.43230 964.3230 1.000 FORMULA: 1000*(1+T)= 964.3230 - (0.85 * 1000 * 0.05) = 921.8230 T = -7.82% R = -7.82% NLIC VAII EQUITY GROWTH 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.818262 207.54370 1 FEE 02-Jan-98 0 6.259808 0.00000 0.06 2 FEE 02-Jan-99 0 7.292367 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 207.54370 2075.4370 2.992 FORMULA: 1000*(1+T)= 2075.4370 = 2032.93698 T = 26.76% R = 103.29% NLIC VAII INTERNATIONAL MAGNUM 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 7.311296 136.77466 1 FEE 02-Jan-98 0 7.708697 0.00000 0.06 2 FEE 02-Jan-99 0 8.276943 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 136.77466 1367.7466 2.992 FORMULA: 1000*(1+T)= 1367.7466 = 1325.24663 T = 9.87% R = 32.52% NLIC VAII EMERGING MARKETS 01-Oct-96 TO NO. YEARS 3.247 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Oct-96 1000.00 7.442422 134.36487 1 FEE 01-Oct-97 0 8.799449 0.00000 0.06 2 FEE 01-Oct-98 0 4.444547 0.00000 0.05 3 FEE 01-Oct-99 0 6.719200 0.00000 0.05 4 31-Dec-99 0 10.000000 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 134.36487 1343.6487 3.247 FORMULA: 1000*(1+T)= 1343.6487 = 1309.64868 T = 8.66% R = 30.96% NLIC VAII EMERGING GROWTH 03-Jul-95 TO NO. YEARS 4.496 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-Jul-95 1000.00 2.381523 419.89945 1 FEE 03-Jul-96 0 3.200251 0.00000 0.06 2 FEE 03-Jul-97 0 3.469851 0.00000 0.05 3 FEE 03-Jul-98 0 4.509934 0.00000 0.05 4 03-Jul-99 0 6.182975 0.00000 0.04 5 31-Dec-99 0 10.000000 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 419.89945 4198.9945 4.496 FORMULA: 1000*(1+T)= 4198.9945 = 4173.494486 T = 37.41% R = 317.35% NLIC VAII REAL ESTATE 04-Mar-97 TO NO. YEARS 2.825 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 04-Mar-97 1000.00 10.500294 95.23543 1 FEE 04-Mar-98 0 11.870308 0.00000 0.06 2 FEE 04-Mar-99 0 9.973126 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 95.23543 952.3543 2.825 FORMULA: 1000*(1+T)= 952.3543 = 909.8542839 T = -3.29% R = -9.01% Non-Standardized Calculations Dates: Current: 12/31/99 3 Months Ago: 09/30/99 End of Last Year: 12/31/98 One Yr Ago: 12/31/98 Two Yrs Ago: 12/31/97 Three Yrs Ago: 12/31/96 Five Yrs Ago: 12/31/94 Ten Yrs Ago: 12/31/89 Inception Inception Ten Yr Five Yr Three Two One Yr YTD 3 Months Today's Fund Date AUV AUV AUV AUV AUV AUV AUV AUV AUV Equity Growth 03/16/98 7.297218351 N/A N/A N/A N/A 7.326763733 7.326763733 8.253433357 10 International Magnum 03/16/98 8.419685515 N/A N/A N/A N/A 8.161146941 8.161146941 8.967422598 10 Emerging Markets 03/16/98 7.474139023 N/A N/A N/A N/A 5.247454106 5.247454106 6.726860633 10 Emerging Growth 03/16/98 4.193261533 N/A N/A N/A N/A 4.998959099 4.998959099 6.261188704 10 Real Estate 05/18/98 11.77561853 N/A N/A N/A N/A 10.36996957 10.36996957 10.15544199 10 Non-Standardized Performance Inception Ten Years Five Years Three Years Two Years One Year YTD Three Months Total Average Total Average Total Average Total Average Total Average 37.04% 19.19% N/A N/A N/A N/A N/A N/A N/A N/A 36.49% 36.49% 21.16% 18.77% 10.06% N/A N/A N/A N/A N/A N/A N/A N/A 22.53% 22.53% 11.51% 33.79% 17.61% N/A N/A N/A N/A N/A N/A N/A N/A 90.57% 90.57% 48.66% 138.48% 62.31% N/A N/A N/A N/A N/A N/A N/A N/A 100.04% 100.04% 59.71% - -15.08% -9.59% N/A N/A N/A N/A N/A N/A N/A N/A -3.57% -3.57% -1.53% NLIC VAII MONEY MARKET 31-Dec-98 NO. YEARS 1.000 TO 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.751059 102.55296 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 102.55296 1025.5296 1.000 FORMULA: 1000*(1+T)= 1025.5296 - (0.85 * 1000 * 0.05) = 983.0296 T = -1.70% R = -1.70% NLIC VAII HIGH YIELD 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.355214 96.56971 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.56971 965.6971 1.000 FORMULA: 1000*(1+T)= 965.6971 - (0.85 * 1000 * 0.05) = 923.1971 T = -7.68% R = -7.68% NLIC VAII EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.442293 155.22424 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.22424 1552.2424 1.000 FORMULA: 1000*(1+T)= 1552.2424 - (0.85 * 1000 * 0.05) = 1509.7424 T = 50.97% R = 50.97% NLIC VAII QUALITY INCOME 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.678246 93.64834 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.64834 936.4834 1.000 FORMULA: 1000*(1+T)= 936.4834 - (0.85 * 1000 * 0.05) = 893.9834 T = -10.60% R = -10.60% NLIC VAII STRATEGIST 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.706533 114.85628 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 114.85628 1148.5628 1.000 FORMULA: 1000*(1+T)= 1148.5628 - (0.85 * 1000 * 0.05) = 1106.0628 T = 10.61% R = 10.61% NLIC VAII DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.467626 95.53265 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 95.53265 955.3265 1.000 FORMULA: 1000*(1+T)= 955.3265 - (0.85 * 1000 * 0.05) = 912.8265 T = -8.72% R = -8.72% NLIC VAII UTILITIES 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.064642 110.31875 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 110.31875 1103.1875 1.000 FORMULA: 1000*(1+T)= 1103.1875 - (0.85 * 1000 * 0.05) = 1060.6875 T = 6.07% R = 6.07% NLIC VAII EUROPEAN GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.913285 126.36976 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 126.36976 1263.6976 1.000 FORMULA: 1000*(1+T)= 1263.6976 - (0.85 * 1000 * 0.05) = 1221.1976 T = 22.12% R = 22.12% NLIC VAII CAPITAL GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.664951 130.46398 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 130.46398 1304.6398 1.000 FORMULA: 1000*(1+T)= 1304.6398 - (0.85 * 1000 * 0.05) = 1262.1398 T = 26.21% R = 26.21% NLIC VAII PACIFIC GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.151249 162.56861 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 162.56861 1625.6861 1.000 FORMULA: 1000*(1+T)= 1625.6861 - (0.85 * 1000 * 0.05) = 1583.1861 T = 58.32% R = 58.32% NLIC VAII GLOBAL DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.911465 112.21499 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 112.21499 1122.1499 1.000 FORMULA: 1000*(1+T)= 1122.1499 - (0.85 * 1000 * 0.05) = 1079.6499 T = 7.96% R = 7.96% NLIC VAII CAPITAL APPRECIATION 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.123843 98.77672 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 98.77672 1070.8371 1.000 FORMULA: 1000*(1+T)= 1070.8371 - (0.85 * 1000 * 0.05) = 1028.3371 T = 2.83% R = 2.83% NLIC VAII INCOME BUILDER 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.543205 104.78660 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 104.78660 1047.8660 1.000 FORMULA: 1000*(1+T)= 1047.8660 - (0.85 * 1000 * 0.05) = 1005.3660 T = 0.54% R = 0.54% NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.326764 136.48591 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.48591 1364.8591 1.000 FORMULA: 1000*(1+T)= 1364.8591 - (0.85 * 1000 * 0.05) = 1322.3591 T = 32.24% R = 32.24% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.161147 122.53180 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.53180 1225.3180 1.000 FORMULA: 1000*(1+T)= 1225.3180 - (0.85 * 1000 * 0.05) = 1182.8180 T = 18.28% R = 18.28% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.247454 190.56860 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.56860 1905.6860 1.000 FORMULA: 1000*(1+T)= 1905.6860 - (0.85 * 1000 * 0.05) = 1863.1860 T = 86.32% R = 86.32% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 4.998959 200.04164 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 200.04164 2000.4164 1.000 FORMULA: 1000*(1+T)= 2000.4164 - (0.85 * 1000 * 0.05) = 1957.9164 T = 95.79% R = 95.79% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.369970 96.43230 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.43230 964.3230 1.000 FORMULA: 1000*(1+T)= 964.3230 - (0.85 * 1000 * 0.05) = 921.8230 T = -7.82% R = -7.82% NLIC VAII COMPETITIVE EDGE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.102647 123.41646 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 123.41646 1234.1646 1.000 FORMULA: 1000*(1+T)= 1234.1646 - (0.85 * 1000 * 0.05) = 1191.6646 T = 19.17% R = 19.17% NLIC VAII S&P 500 INDEX 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.535833 117.15319 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.15319 1171.5319 1.000 FORMULA: 1000*(1+T)= 1171.5319 - (0.85 * 1000 * 0.05) = 1129.0319 T = 12.90% R = 12.90% NLIC VAII AGGRESSIVE EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Premier Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.587015 131.80414 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 131.80414 1318.0414 1.000 FORMULA: 1000*(1+T)= 1318.0414 - (0.85 * 1000 * 0.05) = 1275.5414 T = 27.55% R = 27.55% Alliance Growth and Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.160922 109.15931 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 109.15931 1091.5931 1.000 FORMULA: 1000*(1+T)= 1091.5931 - (0.85 * 1000 * 0.05) = 1049.0931 T = 4.91% R = 4.91% Aim Cap App 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.047426 141.89578 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 141.89578 1418.9578 1.000 FORMULA: 1000*(1+T)= 1418.9578 - (0.85 * 1000 * 0.05) = 1376.4578 T = 37.65% R = 37.65% Aim Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.536202 132.69283 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 132.69283 1326.9283 1.000 FORMULA: 1000*(1+T)= 1326.9283 - (0.85 * 1000 * 0.05) = 1284.4283 T = 28.44% R = 28.44% Aim Value 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.845890 127.45526 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 127.45526 1274.5526 1.000 FORMULA: 1000*(1+T)= 1274.5526 - (0.85 * 1000 * 0.05) = 1232.0526 T = 23.21% R = 23.21% Putnam International Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.368136 157.03182 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 157.03182 1570.3182 1.000 FORMULA: 1000*(1+T)= 1570.3182 - (0.85 * 1000 * 0.05) = 1527.8182 T = 52.78% R = 52.78% Putnam Voyager 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.449579 155.04888 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 155.04888 1550.4888 1.000 FORMULA: 1000*(1+T)= 1550.4888 - (0.85 * 1000 * 0.05) = 1507.9888 T = 50.80% R = 50.80% Putnam Growth & Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.044944 99.55257 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 99.55257 995.5257 1.000 FORMULA: 1000*(1+T)= 995.5257 - (0.85 * 1000 * 0.05) = 953.0257 T = -4.70% R = -4.70% MSDW Mid Cap 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.472423 118.02999 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 118.02999 1180.2999 1.000 FORMULA: 1000*(1+T)= 1180.2999 - (0.85 * 1000 * 0.05) = 1137.7999 T = 13.78% R = 13.78% NLIC VAII MONEY MARKET 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.649992 115.60704 FEE 31-Dec-95 0 8.941391 0.00000 FEE 31-Dec-96 0 9.197618 0.00000 FEE 31-Dec-97 0 9.473242 0.00000 FEE 31-Dec-98 0 9.751059 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 115.60704 1156.0704 5.000 FORMULA: 1000*(1+T)= 1156.0704 - (0.85 * 1000 * 0.02) = 1139.070426 T = 2.64% R = 13.91% NLIC VAII HIGH YIELD 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 8.373935 119.41818 FEE 31-Dec-95 0 9.400916 0.00000 FEE 31-Dec-96 0 10.302149 0.00000 FEE 31-Dec-97 0 11.279563 0.00000 FEE 31-Dec-98 0 10.355214 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 119.41818 1194.1818 5.000 FORMULA: 1000*(1+T)= 1194.1818 - (0.85 * 1000 * 0.02) = 1177.181752 T = 3.32% R = 17.72% NLIC VAII EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.418552 413.47052 FEE 31-Dec-95 0 3.411391 0.00000 FEE 31-Dec-96 0 3.751131 0.00000 FEE 31-Dec-97 0 5.045754 0.00000 FEE 31-Dec-98 0 6.442293 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 413.47052 4134.7052 5.000 FORMULA: 1000*(1+T)= 4134.7052 - (0.85 * 1000 * 0.02) = 4117.705201 T = 32.72% R = 311.77% NLIC VAII QUALITY INCOME 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 7.612945 131.35520 FEE 31-Dec-95 0 9.289002 0.00000 FEE 31-Dec-96 0 9.231898 0.00000 FEE 31-Dec-97 0 10.039768 0.00000 FEE 31-Dec-98 0 10.678246 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 131.35520 1313.5520 5.000 FORMULA: 1000*(1+T)= 1313.5520 - (0.85 * 1000 * 0.02) = 1296.552047 T = 5.33% R = 29.66% NLIC VAII STRATEGIST 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.244349 190.68145 FEE 31-Dec-95 0 5.610689 0.00000 FEE 31-Dec-96 0 6.315675 0.00000 FEE 31-Dec-97 0 7.029416 0.00000 FEE 31-Dec-98 0 8.706533 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.68145 1906.8145 5.000 FORMULA: 1000*(1+T)= 1906.8145 - (0.85 * 1000 * 0.02) = 1889.814457 T = 13.58% R = 88.98% NLIC VAII DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.726759 211.56145 FEE 31-Dec-95 0 6.275265 0.00000 FEE 31-Dec-96 0 7.612708 0.00000 FEE 31-Dec-97 0 9.358851 0.00000 FEE 31-Dec-98 0 10.467626 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 211.56145 2115.6145 5.000 FORMULA: 1000*(1+T)= 2115.6145 - (0.85 * 1000 * 0.02) = 2098.614479 T = 15.98% R = 109.86% NLIC VAII UTILITIES 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.493424 222.54746 FEE 31-Dec-95 0 5.653772 0.00000 FEE 31-Dec-96 0 6.013170 0.00000 FEE 31-Dec-97 0 7.483399 0.00000 FEE 31-Dec-98 0 9.064642 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 222.54746 2225.4746 5.000 FORMULA: 1000*(1+T)= 2225.4746 - (0.85 * 1000 * 0.02) = 2208.474627 T = 17.17% R = 120.85% NLIC VAII EUROPEAN GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.666858 272.71305 FEE 31-Dec-95 0 4.512473 0.00000 FEE 31-Dec-96 0 5.740528 0.00000 FEE 31-Dec-97 0 6.522128 0.00000 FEE 31-Dec-98 0 7.913285 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 272.71305 2727.1305 5.000 FORMULA: 1000*(1+T)= 2727.1305 - (0.85 * 1000 * 0.02) = 2710.130457 T = 22.07% R = 171.01% NLIC VAII CAPITAL GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.762898 265.75261 FEE 31-Dec-95 0 4.919694 0.00000 FEE 31-Dec-96 0 5.370434 0.00000 FEE 31-Dec-97 0 6.546191 0.00000 FEE 31-Dec-98 0 7.664951 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 265.75261 2657.5261 5.000 FORMULA: 1000*(1+T)= 2657.5261 - (0.85 * 1000 * 0.02) = 2640.526136 T = 21.43% R = 164.05% NLIC VAII PACIFIC GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 10.827003 92.36166 FEE 31-Dec-95 0 11.315660 0.00000 FEE 31-Dec-96 0 11.504118 0.00000 FEE 31-Dec-97 0 7.014424 0.00000 FEE 31-Dec-98 0 6.151249 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 92.36166 923.6166 5.000 FORMULA: 1000*(1+T)= 923.6166 - (0.85 * 1000 * 0.02) = 906.6166398 T = -1.94% R = -9.34% NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 5.358645 186.61435 FEE 31-Dec-95 0 6.411997 0.00000 FEE 31-Dec-96 0 7.378518 0.00000 FEE 31-Dec-97 0 8.091047 0.00000 FEE 31-Dec-98 0 8.911465 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 186.61435 1866.1435 5.000 FORMULA: 1000*(1+T)= 1866.1435 - (0.85 * 1000 * 0.02) = 1849.143524 T = 13.08% R = 84.91% NLIC VAII CAPITAL APPRECIATION 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 11.163269 0.00000 FEE 31-Dec-98 0 10.123843 0.00000 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 9.446952 0.00000 FEE 31-Dec-98 0 9.543205 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 6.275324 0.00000 FEE 31-Dec-98 0 7.326764 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.680007 0.00000 FEE 31-Dec-98 0 8.161147 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 7.239855 0.00000 FEE 31-Dec-97 0 7.107664 0.00000 FEE 31-Dec-98 0 5.247454 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 2.759538 0.00000 FEE 31-Dec-96 0 3.150207 0.00000 FEE 31-Dec-97 0 3.712957 0.00000 FEE 31-Dec-98 0 4.998959 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 12.170452 0.00000 FEE 31-Dec-98 0 10.369970 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.102647 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 8.535833 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Premier Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 #VALUE! #VALUE! FEE 31-Dec-98 0 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.842011 351.86358 FEE 31-Dec-95 0 3.762977 0.00000 FEE 31-Dec-96 0 4.732153 0.00000 FEE 31-Dec-97 0 6.021951 0.00000 FEE 31-Dec-98 0 7.587015 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 351.86358 3518.6358 5.000 FORMULA: 1000*(1+T)= 3518.6358 - (0.85 * 1000 * 0.02) = 3501.635827 T = 28.49% R = 250.16% Alliance Growth and Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.804451 262.84998 FEE 31-Dec-95 0 5.057259 0.00000 FEE 31-Dec-96 0 6.142082 0.00000 FEE 31-Dec-97 0 7.742557 0.00000 FEE 31-Dec-98 0 9.160922 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 262.84998 2628.4998 5.000 FORMULA: 1000*(1+T)= 2628.4998 - (0.85 * 1000 * 0.02) = 2611.499832 T = 21.17% R = 161.15% Aim Cap App 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.624251 275.91906 FEE 31-Dec-95 0 4.825360 0.00000 FEE 31-Dec-96 0 5.566369 0.00000 FEE 31-Dec-97 0 6.199215 0.00000 FEE 31-Dec-98 0 7.047426 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 275.91906 2759.1906 5.000 FORMULA: 1000*(1+T)= 2759.1906 - (0.85 * 1000 * 0.02) = 2742.190623 T = 22.35% R = 174.22% Aim Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.220163 310.54325 FEE 31-Dec-95 0 4.258355 0.00000 FEE 31-Dec-96 0 4.933560 0.00000 FEE 31-Dec-97 0 6.141395 0.00000 FEE 31-Dec-98 0 7.536202 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 310.54325 3105.4325 5.000 FORMULA: 1000*(1+T)= 3105.4325 - (0.85 * 1000 * 0.02) = 3088.432455 T = 25.30% R = 208.84% Aim Value 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 3.465490 288.55948 FEE 31-Dec-95 0 4.633112 0.00000 FEE 31-Dec-96 0 5.228339 0.00000 FEE 31-Dec-97 0 6.345216 0.00000 FEE 31-Dec-98 0 7.845890 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 288.55948 2885.5948 5.000 FORMULA: 1000*(1+T)= 2885.5948 - (0.85 * 1000 * 0.02) = 2868.59476 T = 23.46% R = 186.86% Putnam International Growth 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 5.480308 0.00000 FEE 31-Dec-98 0 6.368136 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 2.813469 355.43309 FEE 31-Dec-95 0 3.871702 0.00000 FEE 31-Dec-96 0 4.278641 0.00000 FEE 31-Dec-97 0 5.295387 0.00000 FEE 31-Dec-98 0 6.449579 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 355.43309 3554.3309 5.000 FORMULA: 1000*(1+T)= 3554.3309 - (0.85 * 1000 * 0.02) = 3537.330879 T = 28.75% R = 253.73% Putnam Growth & Income 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 4.585542 218.07673 FEE 31-Dec-95 0 6.132726 0.00000 FEE 31-Dec-96 0 7.314267 0.00000 FEE 31-Dec-97 0 8.883107 0.00000 FEE 31-Dec-98 0 10.044944 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 218.07673 2180.7673 5.000 FORMULA: 1000*(1+T)= 2180.7673 - (0.85 * 1000 * 0.02) = 2163.76726 T = 16.69% R = 116.38% MSDW Mid Cap 30-Dec-94 TO NO. YEARS 5.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000.00 #VALUE! #VALUE! FEE 31-Dec-95 0 #VALUE! #VALUE! FEE 31-Dec-96 0 #VALUE! #VALUE! FEE 31-Dec-97 0 7.671064 0.00000 FEE 31-Dec-98 0 8.472423 0.00000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 5.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII MONEY MARKET 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 7.643627 130.82794 FEE 29-Dec-90 0 8.071265 0.00000 FEE 29-Dec-91 0 8.355339 0.00000 FEE 29-Dec-92 0 8.460245 0.00000 FEE 29-Dec-93 0 8.508028 0.00000 FEE 29-Dec-94 0 8.644769 0.00000 FEE 29-Dec-95 0 8.941391 0.00000 FEE 29-Dec-96 0 9.194777 0.00000 FEE 29-Dec-97 0 9.471630 0.00000 FEE 29-Dec-98 0 9.749702 0.00000 FEE 29-Dec-99 0 9.998208 0.00000 RESULTING VALUE 29-Dec-99 9.998208 130.82794 1308.0450 10.000 FORMULA: 1000*(1+T)= 1308.0450 - (0.85 * 1000 * 0) = 1308.044988 T = 2.72% R = 30.80% NLIC VAII HIGH YIELD 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.583733 179.09165 FEE 29-Dec-90 0 4.045525 0.00000 FEE 29-Dec-91 0 6.132524 0.00000 FEE 29-Dec-92 0 7.205403 0.00000 FEE 29-Dec-93 0 8.720013 0.00000 FEE 29-Dec-94 0 8.348332 0.00000 FEE 29-Dec-95 0 9.400916 0.00000 FEE 29-Dec-96 0 10.283247 0.00000 FEE 29-Dec-97 0 11.266026 0.00000 FEE 29-Dec-98 0 10.334492 0.00000 FEE 29-Dec-99 0 9.987530 0.00000 RESULTING VALUE 29-Dec-99 9.987530 179.09165 1788.6832 10.000 FORMULA: 1000*(1+T)= 1788.6832 - (0.85 * 1000 * 0) = 1788.68325 T = 5.99% R = 78.87% NLIC VAII EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.558048 641.82863 FEE 29-Dec-90 0 1.464613 0.00000 FEE 29-Dec-91 0 2.228227 0.00000 FEE 29-Dec-92 0 2.220081 0.00000 FEE 29-Dec-93 0 2.621731 0.00000 FEE 29-Dec-94 0 2.450455 0.00000 FEE 29-Dec-95 0 3.411391 0.00000 FEE 29-Dec-96 0 3.795081 0.00000 FEE 29-Dec-97 0 4.919271 0.00000 FEE 29-Dec-98 0 6.432556 0.00000 FEE 29-Dec-99 0 9.869947 0.00000 RESULTING VALUE 29-Dec-99 9.869947 641.82863 6334.8148 10.000 FORMULA: 1000*(1+T)= 6334.8148 - (0.85 * 1000 * 0) = 6334.81476 T = 20.27% R = 533.48% NLIC VAII QUALITY INCOME 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.874181 170.23650 FEE 29-Dec-90 0 6.107709 0.00000 FEE 29-Dec-91 0 7.079869 0.00000 FEE 29-Dec-92 0 7.549394 0.00000 FEE 29-Dec-93 0 8.409876 0.00000 FEE 29-Dec-94 0 7.646496 0.00000 FEE 29-Dec-95 0 9.289002 0.00000 FEE 29-Dec-96 0 9.303309 0.00000 FEE 29-Dec-97 0 10.029308 0.00000 FEE 29-Dec-98 0 10.644786 0.00000 FEE 29-Dec-99 0 10.023675 0.00000 RESULTING VALUE 29-Dec-99 10.023675 170.23650 1706.3954 10.000 FORMULA: 1000*(1+T)= 1706.3954 - (0.85 * 1000 * 0) = 1706.395361 T = 5.49% R = 70.64% NLIC VAII STRATEGIST 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.640478 274.68920 FEE 29-Dec-90 0 3.603937 0.00000 FEE 29-Dec-91 0 4.440950 0.00000 FEE 29-Dec-92 0 4.763707 0.00000 FEE 29-Dec-93 0 5.175591 0.00000 FEE 29-Dec-94 0 5.240176 0.00000 FEE 29-Dec-95 0 5.610689 0.00000 FEE 29-Dec-96 0 6.391057 0.00000 FEE 29-Dec-97 0 6.938343 0.00000 FEE 29-Dec-98 0 8.727294 0.00000 FEE 29-Dec-99 0 9.954726 0.00000 RESULTING VALUE 29-Dec-99 9.954726 274.68920 2734.4557 10.000 FORMULA: 1000*(1+T)= 2734.4557 - (0.85 * 1000 * 0) = 2734.45567 T = 10.58% R = 173.45% NLIC VAII DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.337222 0.00000 FEE 29-Dec-91 0 4.100456 0.00000 FEE 29-Dec-92 0 4.433306 0.00000 FEE 29-Dec-93 0 4.996879 0.00000 FEE 29-Dec-94 0 4.712802 0.00000 FEE 29-Dec-95 0 6.275265 0.00000 FEE 29-Dec-96 0 7.733008 0.00000 FEE 29-Dec-97 0 9.204904 0.00000 FEE 29-Dec-98 0 10.532873 0.00000 FEE 29-Dec-99 0 9.909770 0.00000 RESULTING VALUE 29-Dec-99 9.909770 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII UTILITIES 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 3.430339 0.00000 FEE 29-Dec-91 0 3.976556 0.00000 FEE 29-Dec-92 0 4.453456 0.00000 FEE 29-Dec-93 0 5.068487 0.00000 FEE 29-Dec-94 0 4.501448 0.00000 FEE 29-Dec-95 0 5.653772 0.00000 FEE 29-Dec-96 0 6.061113 0.00000 FEE 29-Dec-97 0 7.431127 0.00000 FEE 29-Dec-98 0 9.046108 0.00000 FEE 29-Dec-99 0 9.911548 0.00000 RESULTING VALUE 29-Dec-99 9.911548 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EUROPEAN GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 2.418421 0.00000 FEE 29-Dec-92 0 2.494403 0.00000 FEE 29-Dec-93 0 3.499951 0.00000 FEE 29-Dec-94 0 3.649738 0.00000 FEE 29-Dec-95 0 4.512473 0.00000 FEE 29-Dec-96 0 5.651319 0.00000 FEE 29-Dec-97 0 6.520125 0.00000 FEE 29-Dec-98 0 7.975369 0.00000 FEE 29-Dec-99 0 9.854982 0.00000 RESULTING VALUE 29-Dec-99 9.854982 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 4.217189 0.00000 FEE 29-Dec-92 0 4.296160 0.00000 FEE 29-Dec-93 0 3.927067 0.00000 FEE 29-Dec-94 0 3.788228 0.00000 FEE 29-Dec-95 0 4.919694 0.00000 FEE 29-Dec-96 0 5.387828 0.00000 FEE 29-Dec-97 0 6.292801 0.00000 FEE 29-Dec-98 0 7.492647 0.00000 FEE 29-Dec-99 0 9.900023 0.00000 RESULTING VALUE 29-Dec-99 9.900023 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII PACIFIC GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 10.910942 0.00000 FEE 29-Dec-95 0 11.315660 0.00000 FEE 29-Dec-96 0 11.425942 0.00000 FEE 29-Dec-97 0 6.923542 0.00000 FEE 29-Dec-98 0 6.092242 0.00000 FEE 29-Dec-99 0 9.883233 0.00000 RESULTING VALUE 29-Dec-99 9.883233 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII GLOBAL DIVIDEND GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 5.351773 0.00000 FEE 29-Dec-95 0 6.411997 0.00000 FEE 29-Dec-96 0 7.381978 0.00000 FEE 29-Dec-97 0 8.006854 0.00000 FEE 29-Dec-98 0 8.887061 0.00000 FEE 29-Dec-99 0 9.906644 0.00000 RESULTING VALUE 29-Dec-99 9.906644 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII CAPITAL APPRECIATION 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 10.769665 0.00000 FEE 29-Dec-98 0 10.066025 0.00000 FEE 29-Dec-99 0 10.840987 0.00000 RESULTING VALUE 29-Dec-99 10.840987 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 9.326341 0.00000 FEE 29-Dec-98 0 9.477773 0.00000 FEE 29-Dec-99 0 9.849634 0.00000 RESULTING VALUE 29-Dec-99 9.849634 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 6.118414 0.00000 FEE 29-Dec-98 0 7.332480 0.00000 FEE 29-Dec-99 0 9.956857 0.00000 RESULTING VALUE 29-Dec-99 9.956857 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 7.636511 0.00000 FEE 29-Dec-98 0 8.147571 0.00000 FEE 29-Dec-99 0 9.878766 0.00000 RESULTING VALUE 29-Dec-99 9.878766 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 7.226745 0.00000 FEE 29-Dec-97 0 7.025576 0.00000 FEE 29-Dec-98 0 5.218546 0.00000 FEE 29-Dec-99 0 9.885551 0.00000 RESULTING VALUE 29-Dec-99 9.885551 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 2.759538 0.00000 FEE 29-Dec-96 0 3.141720 0.00000 FEE 29-Dec-97 0 3.566656 0.00000 FEE 29-Dec-98 0 4.917765 0.00000 FEE 29-Dec-99 0 9.862716 0.00000 RESULTING VALUE 29-Dec-99 9.862716 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 11.969187 0.00000 FEE 29-Dec-98 0 10.201856 0.00000 FEE 29-Dec-99 0 9.935305 0.00000 RESULTING VALUE 29-Dec-99 9.935305 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.128384 0.00000 FEE 29-Dec-99 0 9.968836 0.00000 RESULTING VALUE 29-Dec-99 9.968836 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 8.612929 0.00000 FEE 29-Dec-99 0 9.963942 0.00000 RESULTING VALUE 29-Dec-99 9.963942 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 9.884480 0.00000 RESULTING VALUE 29-Dec-99 9.884480 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 #VALUE! #VALUE! FEE 29-Dec-90 0 #VALUE! #VALUE! FEE 29-Dec-91 0 #VALUE! #VALUE! FEE 29-Dec-92 0 #VALUE! #VALUE! FEE 29-Dec-93 0 #VALUE! #VALUE! FEE 29-Dec-94 0 #VALUE! #VALUE! FEE 29-Dec-95 0 #VALUE! #VALUE! FEE 29-Dec-96 0 #VALUE! #VALUE! FEE 29-Dec-97 0 #VALUE! #VALUE! FEE 29-Dec-98 0 #VALUE! #VALUE! FEE 29-Dec-99 0 10.005776 0.00000 RESULTING VALUE 29-Dec-99 10.005776 #VALUE! #VALUE! 10.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0) = #VALUE! T = N/A R = N/A Putnam Voyager 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.658054 603.11667 FEE 29-Dec-90 0 1.575246 0.00000 FEE 29-Dec-91 0 2.182601 0.00000 FEE 29-Dec-92 0 2.418499 0.00000 FEE 29-Dec-93 0 2.827787 0.00000 FEE 29-Dec-94 0 2.811273 0.00000 FEE 29-Dec-95 0 3.872169 0.00000 FEE 29-Dec-96 0 4.287564 0.00000 FEE 29-Dec-97 0 5.138817 0.00000 FEE 29-Dec-98 0 6.341826 0.00000 FEE 29-Dec-99 0 9.875473 0.00000 RESULTING VALUE 29-Dec-99 9.875473 603.11667 5956.0626 10.000 FORMULA: 1000*(1+T)= 5956.0626 - (0.85 * 1000 * 0) = 5956.062551 T = 19.54% R = 495.61% Putnam Growth & Income 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 3.351316 298.39024 FEE 29-Dec-90 0 3.337954 0.00000 FEE 29-Dec-91 0 3.827218 0.00000 FEE 29-Dec-92 0 4.168998 0.00000 FEE 29-Dec-93 0 4.687945 0.00000 FEE 29-Dec-94 0 4.586095 0.00000 FEE 29-Dec-95 0 6.133465 0.00000 FEE 29-Dec-96 0 7.432209 0.00000 FEE 29-Dec-97 0 8.733591 0.00000 FEE 29-Dec-98 0 10.143835 0.00000 FEE 29-Dec-99 0 9.952435 0.00000 RESULTING VALUE 29-Dec-99 9.952435 298.39024 2969.7096 10.000 FORMULA: 1000*(1+T)= 2969.7096 - (0.85 * 1000 * 0) = 2969.709575 T = 11.50% R = 196.97% NLIC VAII MONEY MARKET 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 5.834160 171.40429 1 FEE 09-Mar-85 0 6.031626 0.00000 0.06 2 FEE 09-Mar-86 0 6.356900 0.00000 0.05 3 FEE 09-Mar-87 0 6.600569 0.00000 0.05 4 09-Mar-88 0 6.880534 0.00000 0.04 5 09-Mar-89 0 7.247520 0.00000 0.03 6 09-Mar-90 0 7.726487 0.00000 0.02 7 09-Mar-91 0 8.140925 0.00000 0 8 09-Mar-92 0 8.387275 0.00000 0 9 09-Mar-93 0 8.471674 0.00000 0 10 09-Mar-94 0 8.517730 0.00000 0 11 09-Mar-95 0 8.701769 0.00000 0 12 09-Mar-96 0 8.991302 0.00000 0 13 09-Mar-97 0 9.244248 0.00000 0 14 FEE 09-Mar-98 0 9.526127 0.00000 0 15 FEE 09-Mar-99 0 9.795020 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 171.40429 1714.0429 15.811 FORMULA: 1000*(1+T)= 1714.0429 = 1714.042873 T = 3.47% R = 71.40% NLIC VAII HIGH YIELD 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 4.135759 241.79361 1 FEE 09-Mar-85 0 4.598794 0.00000 0.06 2 FEE 09-Mar-86 0 5.789588 0.00000 0.05 3 FEE 09-Mar-87 0 6.776922 0.00000 0.05 4 09-Mar-88 0 6.391741 0.00000 0.04 5 09-Mar-89 0 6.770435 0.00000 0.03 6 09-Mar-90 0 5.255675 0.00000 0.02 7 09-Mar-91 0 4.750201 0.00000 0 8 09-Mar-92 0 7.150300 0.00000 0 9 09-Mar-93 0 7.734779 0.00000 0 10 09-Mar-94 0 9.015040 0.00000 0 11 09-Mar-95 0 8.473950 0.00000 0 12 09-Mar-96 0 9.613854 0.00000 0 13 09-Mar-97 0 10.296054 0.00000 0 14 FEE 09-Mar-98 0 11.452443 0.00000 0 15 FEE 09-Mar-99 0 10.211912 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 241.79361 2417.9361 15.811 FORMULA: 1000*(1+T)= 2417.9361 = 2417.936054 T = 5.74% R = 141.79% NLIC VAII EQUITY 09-Mar-84 TO NO. YEARS 15.811 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 09-Mar-84 1000.00 0.911419 1097.19066 1 FEE 09-Mar-85 0 1.033445 0.00000 0.06 2 FEE 09-Mar-86 0 1.312828 0.00000 0.05 3 FEE 09-Mar-87 0 1.617376 0.00000 0.05 4 09-Mar-88 0 1.378225 0.00000 0.04 5 09-Mar-89 0 1.403266 0.00000 0.03 6 09-Mar-90 0 1.500081 0.00000 0.02 7 09-Mar-91 0 1.741992 0.00000 0 8 09-Mar-92 0 2.121945 0.00000 0 9 09-Mar-93 0 2.360468 0.00000 0 10 09-Mar-94 0 2.738276 0.00000 0 11 09-Mar-95 0 2.527091 0.00000 0 12 09-Mar-96 0 3.417423 0.00000 0 13 09-Mar-97 0 4.042434 0.00000 0 14 FEE 09-Mar-98 0 5.366854 0.00000 0 15 FEE 09-Mar-99 0 7.008769 0.00000 0 RESULTING VALUE 31-Dec-99 10.000000 1097.19066 10971.9066 15.811 FORMULA: 1000*(1+T)= 10971.9066 = 10971.90656 T = 16.36% R = 997.19% NLIC VAII QUALITY INCOME 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 5.252270 0.00000 0.06 2 FEE 01-Mar-89 0 5.315708 0.00000 0.05 3 FEE 01-Mar-90 0 5.729496 0.00000 0.05 4 01-Mar-91 0 6.281378 0.00000 0.04 5 01-Mar-92 0 7.052671 0.00000 0.03 6 01-Mar-93 0 7.941029 0.00000 0.02 7 01-Mar-94 0 8.158989 0.00000 0 8 01-Mar-95 0 8.003152 0.00000 0 9 01-Mar-96 0 9.066819 0.00000 0 10 01-Mar-97 0 9.242444 0.00000 0 11 01-Mar-98 0 10.108464 0.00000 0 12 01-Mar-99 0 10.352202 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII STRATEGIST 01-Mar-87 TO NO. YEARS 12.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-87 1000.00 #VALUE! #VALUE! 1 FEE 01-Mar-88 0 3.267414 0.00000 0.06 2 FEE 01-Mar-89 0 3.387964 0.00000 0.05 3 FEE 01-Mar-90 0 3.628057 0.00000 0.05 4 01-Mar-91 0 4.033799 0.00000 0.04 5 01-Mar-92 0 4.575893 0.00000 0.03 6 01-Mar-93 0 4.874749 0.00000 0.02 7 01-Mar-94 0 5.192041 0.00000 0 8 01-Mar-95 0 5.281081 0.00000 0 9 01-Mar-96 0 5.774202 0.00000 0 10 01-Mar-97 0 6.546086 0.00000 0 11 01-Mar-98 0 7.502519 0.00000 0 12 01-Mar-99 0 8.785361 0.00000 0 13 31-Dec-99 0 10.000000 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-99 10.000000 #VALUE! #VALUE! 12.835 FORMULA: 1000*(1+T)= #VALUE! = #VALUE! T = #VALUE! R = #VALUE! NLIC VAII DIVIDEND GROWTH 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.701378 270.16968 1 FEE 01-Mar-91 0 3.780731 0.00000 0.06 2 FEE 01-Mar-92 0 4.208252 0.00000 0.05 3 FEE 01-Mar-93 0 4.585212 0.00000 0.05 4 01-Mar-94 0 4.892701 0.00000 0.04 5 01-Mar-95 0 4.998077 0.00000 0.03 6 01-Mar-96 0 6.645123 0.00000 0.02 7 01-Mar-97 0 7.887306 0.00000 0 8 01-Mar-98 0 9.931551 0.00000 0 9 01-Mar-99 0 10.228025 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 270.16968 2701.6968 9.834 FORMULA: 1000*(1+T)= 2701.6968 = 2701.696828 T = 10.63% R = 170.17% NLIC VAII UTILITIES 01-Mar-90 TO NO. YEARS 9.834 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-90 1000.00 3.334211 299.92104 1 FEE 01-Mar-91 0 3.529725 0.00000 0.06 2 FEE 01-Mar-92 0 3.887875 0.00000 0.05 3 FEE 01-Mar-93 0 4.780845 0.00000 0.05 4 01-Mar-94 0 4.782452 0.00000 0.04 5 01-Mar-95 0 4.660487 0.00000 0.03 6 01-Mar-96 0 5.682763 0.00000 0.02 7 01-Mar-97 0 6.062626 0.00000 0 8 01-Mar-98 0 7.682568 0.00000 0 9 01-Mar-99 0 8.722382 0.00000 0 10 31-Dec-99 0 10.000000 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 299.92104 2999.2104 9.834 FORMULA: 1000*(1+T)= 2999.2104 = 2999.210412 T = 11.82% R = 199.92% NLIC VAII EUROPEAN GROWTH 01-Mar-91 TO NO. YEARS 8.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-91 1000.00 2.471592 404.59752 1 FEE 01-Mar-92 0 2.527107 0.00000 0.06 2 FEE 01-Mar-93 0 2.613475 0.00000 0.05 3 FEE 01-Mar-94 0 3.565686 0.00000 0.05 4 01-Mar-95 0 3.750766 0.00000 0.04 5 01-Mar-96 0 4.734323 0.00000 0.03 6 01-Mar-97 0 5.755117 0.00000 0.02 7 01-Mar-98 0 7.355946 0.00000 0 8 01-Mar-99 0 7.766456 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 404.59752 4045.9752 8.835 FORMULA: 1000*(1+T)= 4045.9752 = 4045.975234 T = 17.14% R = 304.60% NLIC VAII CAPITAL GROWTH 01-Mar-91 TO NO. YEARS 8.835 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Mar-91 1000.00 3.426498 291.84315 1 FEE 01-Mar-92 0 4.127364 0.00000 0.06 2 FEE 01-Mar-93 0 3.993993 0.00000 0.05 3 FEE 01-Mar-94 0 3.929404 0.00000 0.05 4 01-Mar-95 0 4.032928 0.00000 0.04 5 01-Mar-96 0 5.181719 0.00000 0.03 6 01-Mar-97 0 5.515731 0.00000 0.02 7 01-Mar-98 0 7.069674 0.00000 0 8 01-Mar-99 0 7.600473 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 291.84315 2918.4315 8.835 FORMULA: 1000*(1+T)= 2918.4315 = 2918.431512 T = 12.89% R = 191.84% NLIC VAII PACIFIC GROWTH 22-Feb-94 TO NO. YEARS 5.854 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 22-Feb-94 1000.00 11.939250 83.75735 1 FEE 22-Feb-95 0 10.218356 0.00000 0.06 2 FEE 22-Feb-96 0 12.221104 0.00000 0.05 3 FEE 22-Feb-97 0 11.607108 0.00000 0.05 4 22-Feb-98 0 7.039129 0.00000 0.04 5 22-Feb-99 0 5.917730 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 83.75735 837.5735 5.854 FORMULA: 1000*(1+T)= 837.5735 = 820.5735299 T = -3.32% R = -17.94% NLIC VAII GLOBAL DIVIDEND GROWTH 24-Feb-94 TO NO. YEARS 5.848 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 24-Feb-94 1000.00 5.451907 183.42204 1 FEE 24-Feb-95 0 5.390468 0.00000 0.06 2 FEE 24-Feb-96 0 6.620763 0.00000 0.05 3 FEE 24-Feb-97 0 7.449890 0.00000 0.05 4 24-Feb-98 0 8.430716 0.00000 0.04 5 24-Feb-99 0 8.689966 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 183.42204 1834.2204 5.848 FORMULA: 1000*(1+T)= 1834.2204 = 1817.220438 T = 10.75% R = 81.72% NLIC VAII CAPITAL APPRECIATION 21-Jan-97 TO NO. YEARS 2.940 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 21-Jan-97 1000.00 10.000000 100.00000 1 FEE 21-Jan-98 0 10.937002 0.00000 0.06 2 FEE 21-Jan-99 0 10.535104 0.00000 0.05 3 FEE 31-Dec-99 0 10.840987 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.840987 100.00000 1084.0987 2.940 FORMULA: 1000*(1+T)= 1084.0987 = 1041.5987 T = 1.40% R = 4.16% NLIC VAII INCOME BUILDER 21-Jan-97 TO NO. YEARS 2.940 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 21-Jan-97 1000.00 7.877021 126.95155 1 FEE 21-Jan-98 0 9.419240 0.00000 0.06 2 FEE 21-Jan-99 0 9.622913 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 126.95155 1269.5155 2.940 FORMULA: 1000*(1+T)= 1269.5155 = 1227.015456 T = 7.21% R = 22.70% NLIC VAII EQUITY GROWTH 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.818262 207.54370 1 FEE 02-Jan-98 0 6.259808 0.00000 0.06 2 FEE 02-Jan-99 0 7.292367 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 207.54370 2075.4370 2.992 FORMULA: 1000*(1+T)= 2075.4370 = 2032.93698 T = 26.76% R = 103.29% NLIC VAII INTERNATIONAL MAGNUM 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 7.311296 136.77466 1 FEE 02-Jan-98 0 7.708697 0.00000 0.06 2 FEE 02-Jan-99 0 8.276943 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 136.77466 1367.7466 2.992 FORMULA: 1000*(1+T)= 1367.7466 = 1325.24663 T = 9.87% R = 32.52% NLIC VAII EMERGING MARKETS 01-Oct-96 TO NO. YEARS 3.247 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Oct-96 1000.00 7.442422 134.36487 1 FEE 01-Oct-97 0 8.799449 0.00000 0.06 2 FEE 01-Oct-98 0 4.444547 0.00000 0.05 3 FEE 01-Oct-99 0 6.719200 0.00000 0.05 4 31-Dec-99 0 10.000000 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 134.36487 1343.6487 3.247 FORMULA: 1000*(1+T)= 1343.6487 = 1309.64868 T = 8.66% R = 30.96% NLIC VAII EMERGING GROWTH 03-Jul-95 TO NO. YEARS 4.496 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-Jul-95 1000.00 2.381523 419.89945 1 FEE 03-Jul-96 0 3.200251 0.00000 0.06 2 FEE 03-Jul-97 0 3.469851 0.00000 0.05 3 FEE 03-Jul-98 0 4.509934 0.00000 0.05 4 03-Jul-99 0 6.182975 0.00000 0.04 5 31-Dec-99 0 10.000000 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 419.89945 4198.9945 4.496 FORMULA: 1000*(1+T)= 4198.9945 = 4173.494486 T = 37.41% R = 317.35% NLIC VAII REAL ESTATE 04-Mar-97 TO NO. YEARS 2.825 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 04-Mar-97 1000.00 10.500294 95.23543 1 FEE 04-Mar-98 0 11.870308 0.00000 0.06 2 FEE 04-Mar-99 0 9.973126 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 95.23543 952.3543 2.825 FORMULA: 1000*(1+T)= 952.3543 = 909.8542839 T = -3.29% R = -9.01% NLIC VAII COMPETITIVE EDGE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 8.370716 119.46409 1 FEE 18-May-99 0 8.405811 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 119.46409 1194.6409 1.621 FORMULA: 1000*(1+T)= 1194.6409 = 1152.140935 T = 9.13% R = 15.21% NLIC VAII S&P 500 INDEX 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 7.710025 129.70127 1 FEE 18-May-99 0 9.206422 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 129.70127 1297.0127 1.621 FORMULA: 1000*(1+T)= 1297.0127 = 1254.512726 T = 15.02% R = 25.45% NLIC VAII AGGRESSIVE EQUITY 03-May-99 TO NO. YEARS 0.663 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-May-99 1000.00 6.943804 144.01328 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 144.01328 1440.1328 0.663 FORMULA: 1000*(1+T)= 1440.1328 = 1389.132819 T = 64.23% R = 38.91% NLIC VAII SHORT TERM BOND 03-May-99 TO NO. YEARS 0.663 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 03-May-99 1000.00 9.988150 100.11864 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 100.11864 1001.1864 0.663 FORMULA: 1000*(1+T)= 1001.1864 = 950.1863728 T = -7.42% R = -4.98% Alliance Premier Growth 14-Jul-99 TO NO. YEARS 0.465 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 14-Jul-99 1000.00 8.920123 112.10608 1 FEE 31-Dec-99 0 10.000000 0.00000 0.06 2 FEE N/A 0 N/A 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 112.10608 1121.0608 0.465 FORMULA: 1000*(1+T)= 1121.0608 = 1070.060779 T = 15.66% R = 7.01% Alliance Growth 15-Sep-94 TO NO. YEARS 5.292 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 15-Sep-94 1000.00 2.715800 368.21559 1 FEE 15-Sep-95 0 3.630172 0.00000 0.06 2 FEE 15-Sep-96 0 4.193285 0.00000 0.05 3 FEE 15-Sep-97 0 5.676188 0.00000 0.05 4 15-Sep-98 0 5.936994 0.00000 0.04 5 15-Sep-99 0 8.163748 0.00000 0.03 6 31-Dec-99 0 10.000000 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 368.21559 3682.1559 5.292 FORMULA: 1000*(1+T)= 3682.1559 = 3665.155896 T = 27.82% R = 266.52% Alliance Growth and Income 14-Jan-91 TO NO. YEARS 8.961 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 14-Jan-91 1000.00 3.330959 300.21389 1 FEE 14-Jan-92 0 3.377139 0.00000 0.06 2 FEE 14-Jan-93 0 3.567862 0.00000 0.05 3 FEE 14-Jan-94 0 3.900880 0.00000 0.05 4 14-Jan-95 0 3.804451 0.00000 0.04 5 14-Jan-96 0 4.902684 0.00000 0.03 6 14-Jan-97 0 6.286711 0.00000 0.02 7 14-Jan-98 0 7.561488 0.00000 0 8 14-Jan-99 0 9.015056 0.00000 0 9 31-Dec-99 0 10.000000 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 300.21389 3002.1389 8.961 FORMULA: 1000*(1+T)= 3002.1389 = 3002.138872 T = 13.05% R = 200.21% Aim Cap App 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 3.053644 327.47759 1 FEE 05-May-94 0 3.583225 0.00000 0.06 2 FEE 05-May-95 0 3.975383 0.00000 0.05 3 FEE 05-May-96 0 5.352982 0.00000 0.05 4 05-May-97 0 5.584315 0.00000 0.04 5 05-May-98 0 7.014235 0.00000 0.03 6 05-May-99 0 7.224068 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 327.47759 3274.7759 6.656 FORMULA: 1000*(1+T)= 3274.7759 = 3274.775866 T = 19.51% R = 227.48% Aim Growth 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 3.079142 324.76581 1 FEE 05-May-94 0 3.219327 0.00000 0.06 2 FEE 05-May-95 0 3.581112 0.00000 0.05 3 FEE 05-May-96 0 4.500149 0.00000 0.05 4 05-May-97 0 5.272584 0.00000 0.04 5 05-May-98 0 7.064711 0.00000 0.03 6 05-May-99 0 8.024849 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 324.76581 3247.6581 6.656 FORMULA: 1000*(1+T)= 3247.6581 = 3247.658097 T = 19.36% R = 224.77% Aim Value 05-May-93 TO NO. YEARS 6.656 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 05-May-93 1000.00 2.993718 334.03280 1 FEE 05-May-94 0 3.461048 0.00000 0.06 2 FEE 05-May-95 0 3.893952 0.00000 0.05 3 FEE 05-May-96 0 4.668624 0.00000 0.05 4 05-May-97 0 5.589679 0.00000 0.04 5 05-May-98 0 7.154548 0.00000 0.03 6 05-May-99 0 8.519722 0.00000 0.02 7 31-Dec-99 0 10.000000 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 334.03280 3340.3280 6.656 FORMULA: 1000*(1+T)= 3340.3280 = 3340.328039 T = 19.87% R = 234.03% Putnam International Growth 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 4.823675 207.31080 1 FEE 02-Jan-98 0 5.508415 0.00000 0.06 2 FEE 02-Jan-99 0 6.368136 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 207.31080 2073.1080 2.992 FORMULA: 1000*(1+T)= 2073.1080 = 2030.60797 T = 26.71% R = 103.06% Putnam Voyager 01-Feb-88 TO NO. YEARS 11.912 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Feb-88 1000.00 1.268113 788.57299 1 FEE 01-Feb-89 0 1.357116 0.00000 0.06 2 FEE 01-Feb-90 0 1.471357 0.00000 0.05 3 FEE 01-Feb-91 0 1.691683 0.00000 0.05 4 01-Feb-92 0 2.271504 0.00000 0.04 5 01-Feb-93 0 2.468318 0.00000 0.03 6 01-Feb-94 0 2.901868 0.00000 0.02 7 01-Feb-95 0 2.835873 0.00000 0 8 01-Feb-96 0 3.933944 0.00000 0 9 01-Feb-97 0 4.462333 0.00000 0 10 01-Feb-98 0 5.274692 0.00000 0 11 01-Feb-99 0 6.735437 0.00000 0 12 31-Dec-99 0 10.000000 0.00000 0 13 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-99 10.000000 788.57299 7885.7299 11.912 FORMULA: 1000*(1+T)= 7885.7299 = 7885.729949 T = 18.93% R = 688.57% Putnam Growth & Income 01-Feb-88 TO NO. YEARS 11.912 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 01-Feb-88 1000.00 2.400862 416.51702 1 FEE 01-Feb-89 0 2.968683 0.00000 0.06 2 FEE 01-Feb-90 0 3.214754 0.00000 0.05 3 FEE 01-Feb-91 0 3.461786 0.00000 0.05 4 01-Feb-92 0 3.902809 0.00000 0.04 5 01-Feb-93 0 4.228548 0.00000 0.03 6 01-Feb-94 0 4.793707 0.00000 0.02 7 01-Feb-95 0 4.690854 0.00000 0 8 01-Feb-96 0 6.280607 0.00000 0 9 01-Feb-97 0 7.609769 0.00000 0 10 01-Feb-98 0 8.897865 0.00000 0 11 01-Feb-99 0 10.094503 0.00000 0 12 31-Dec-99 0 10.000000 0.00000 0 13 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-99 10.000000 416.51702 4165.1702 11.912 FORMULA: 1000*(1+T)= 4165.1702 = 4165.170195 T = 12.72% R = 316.52% MSDW Mid Cap 02-Jan-97 TO NO. YEARS 2.992 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 02-Jan-97 1000.00 5.560693 179.83371 1 FEE 02-Jan-98 0 7.635606 0.00000 0.06 2 FEE 02-Jan-99 0 8.432041 0.00000 0.05 3 FEE 31-Dec-99 0 10.000000 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 179.83371 1798.3371 2.992 FORMULA: 1000*(1+T)= 1798.3371 = 1755.837057 T = 20.70% R = 75.58% Standardized (WITH THE ENHANCED EARNINGS DEATH BENEFIT OPTION AND THE INCOME AND DEATH BENEFIT COMBINATION OPTION 2) NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.341412 136.21357 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.21357 1362.1357 1.000 FORMULA: 1000*(1+T)= 1362.1357 - (0.85 * 1000 * 0.05) = 1319.6357 T = 31.96% R = 31.96% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.177471 122.28720 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.28720 1222.8720 1.000 FORMULA: 1000*(1+T)= 1222.8720 - (0.85 * 1000 * 0.05) = 1180.3720 T = 18.04% R = 18.04% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.257925 190.18909 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.18909 1901.8909 1.000 FORMULA: 1000*(1+T)= 1901.8909 - (0.85 * 1000 * 0.05) = 1859.3909 T = 85.94% R = 85.94% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.008939 199.64307 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 199.64307 1996.4307 1.000 FORMULA: 1000*(1+T)= 1996.4307 - (0.85 * 1000 * 0.05) = 1953.9307 T = 95.39% R = 95.39% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.390732 96.23961 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.23961 962.3961 1.000 FORMULA: 1000*(1+T)= 962.3961 - (0.85 * 1000 * 0.05) = 919.8961 T = -8.01% R = -8.01% NLIC VAII EQUITY GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.323432 136.54800 1 FEE 16-Mar-99 0 7.872287 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 136.54800 1365.4800 1.793 FORMULA: 1000*(1+T)= 1365.4800 = 1322.980042 T = 16.89% R = 32.30% NLIC VAII INTERNATIONAL MAGNUM 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 8.449939 118.34405 1 FEE 16-Mar-99 0 8.196061 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 118.34405 1183.4405 1.793 FORMULA: 1000*(1+T)= 1183.4405 = 1140.940472 T = 7.63% R = 14.09% NLIC VAII EMERGING MARKETS 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 7.500991 133.31571 1 FEE 16-Mar-99 0 5.777294 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 133.31571 1333.1571 1.793 FORMULA: 1000*(1+T)= 1333.1571 = 1290.657102 T = 15.29% R = 29.07% NLIC VAII EMERGING GROWTH 16-Mar-98 TO NO. YEARS 1.793 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 16-Mar-98 1000.00 4.208309 237.62514 1 FEE 16-Mar-99 0 5.535880 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 237.62514 2376.2514 1.793 FORMULA: 1000*(1+T)= 2376.2514 = 2333.751428 T = 60.41% R = 133.38% NLIC VAII REAL ESTATE 18-May-98 TO NO. YEARS 1.621 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE SURRENDER CHARGES 0 INIT DEPOSIT 18-May-98 1000.00 11.813896 84.64608 1 FEE 18-May-99 0 11.139682 0.00000 0.06 2 FEE 31-Dec-99 0 10.000000 0.00000 0.05 3 FEE N/A 0 N/A 0.00000 0.05 4 N/A 0 N/A 0.00000 0.04 5 N/A 0 N/A 0.00000 0.03 6 N/A 0 N/A 0.00000 0.02 7 N/A 0 N/A 0.00000 0 8 N/A 0 N/A 0.00000 0 9 N/A 0 N/A 0.00000 0 10 N/A 0 N/A 0.00000 0 11 N/A 0 N/A 0.00000 0 12 N/A 0 N/A 0.00000 0 13 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-99 10.000000 84.64608 846.4608 1.621 FORMULA: 1000*(1+T)= 846.4608 = 803.9607847 T = -12.60% R = -19.60% Non-Standardized Non-Standardized Calculations Dates: Current: 12/31/99 3 Months Ago: 09/30/99 End of Last Year: 12/31/98 One Yr Ago: 12/31/98 Two Yrs Ago: 12/31/97 Three Yrs Ago: 12/31/96 Five Yrs Ago: 12/31/94 Ten Yrs Ago: 12/31/89 Inception Inception Ten Yr Five Yr Three Two One Yr YTD 3 Months Today's Fund Date AUV AUV AUV AUV AUV AUV AUV AUV AUV Emerging Growth 03/16/98 4.208308887 N/A N/A N/A N/A 5.008939278 5.008939278 6.26432657 10 Emerging Markets 03/16/98 7.50099143 N/A N/A N/A N/A 5.257925068 5.257925068 6.730229729 10 Equity Growth 03/16/98 7.323431825 N/A N/A N/A N/A 7.34141235 7.34141235 8.257586498 10 International Magnum 03/16/98 8.449939173 N/A N/A N/A N/A 8.177470956 8.177470956 8.971937329 10 Real Estate 05/18/98 11.81389638 N/A N/A N/A N/A 10.39073212 10.39073212 10.16056613 10 Non-Standardized Performance Inception Ten Years Five Years Three Years Two Years One Year YTD Three Months Total Average Total Average Total Average Total Average Total Average 137.63% 61.98% N/A N/A N/A N/A N/A N/A N/A N/A 99.64% 99.64% 59.63% 33.32% 17.38% N/A N/A N/A N/A N/A N/A N/A N/A 90.19% 90.19% 48.58% 36.55% 18.96% N/A N/A N/A N/A N/A N/A N/A N/A 36.21% 36.21% 21.10% 18.34% 9.84% N/A N/A N/A N/A N/A N/A N/A N/A 22.29% 22.29% 11.46% -15.35% -9.77% N/A N/A N/A N/A N/A N/A N/A N/A -3.76% -3.76% -1.58% NLIC VAII MONEY MARKET 31-Dec-98 NO. YEARS 1.000 TO 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.770578 102.34809 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 102.34809 1023.4809 1.000 FORMULA: 1000*(1+T)= 1023.4809 - (0.85 * 1000 * 0.05) = 980.9809 T = -1.90% R = -1.90% NLIC VAII HIGH YIELD 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.375944 96.37678 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.37678 963.7678 1.000 FORMULA: 1000*(1+T)= 963.7678 - (0.85 * 1000 * 0.05) = 921.2678 T = -7.87% R = -7.87% NLIC VAII EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.455161 154.91480 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 154.91480 1549.1480 1.000 FORMULA: 1000*(1+T)= 1549.1480 - (0.85 * 1000 * 0.05) = 1506.6480 T = 50.66% R = 50.66% NLIC VAII QUALITY INCOME 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.699633 93.46115 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 93.46115 934.6115 1.000 FORMULA: 1000*(1+T)= 934.6115 - (0.85 * 1000 * 0.05) = 892.1115 T = -10.79% R = -10.79% NLIC VAII STRATEGIST 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.723952 114.62695 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 114.62695 1146.2695 1.000 FORMULA: 1000*(1+T)= 1146.2695 - (0.85 * 1000 * 0.05) = 1103.7695 T = 10.38% R = 10.38% NLIC VAII DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.488583 95.34176 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 95.34176 953.4176 1.000 FORMULA: 1000*(1+T)= 953.4176 - (0.85 * 1000 * 0.05) = 910.9176 T = -8.91% R = -8.91% NLIC VAII UTILITIES 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.082781 110.09844 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 110.09844 1100.9844 1.000 FORMULA: 1000*(1+T)= 1100.9844 - (0.85 * 1000 * 0.05) = 1058.4844 T = 5.85% R = 5.85% NLIC VAII EUROPEAN GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.929105 126.11763 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 126.11763 1261.1763 1.000 FORMULA: 1000*(1+T)= 1261.1763 - (0.85 * 1000 * 0.05) = 1218.6763 T = 21.87% R = 21.87% NLIC VAII CAPITAL GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.680272 130.20372 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 130.20372 1302.0372 1.000 FORMULA: 1000*(1+T)= 1302.0372 - (0.85 * 1000 * 0.05) = 1259.5372 T = 25.95% R = 25.95% NLIC VAII PACIFIC GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.163538 162.24447 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 162.24447 1622.4447 1.000 FORMULA: 1000*(1+T)= 1622.4447 - (0.85 * 1000 * 0.05) = 1579.9447 T = 57.99% R = 57.99% NLIC VAII GLOBAL DIVIDEND GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.929295 111.99093 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 111.99093 1119.9093 1.000 FORMULA: 1000*(1+T)= 1119.9093 - (0.85 * 1000 * 0.05) = 1077.4093 T = 7.74% R = 7.74% NLIC VAII CAPITAL APPRECIATION 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.123843 98.77672 FEE 31-Dec-99 0 10.840987 0.00000 RESULTING VALUE 31-Dec-99 10.840987 98.77672 1070.8371 1.000 FORMULA: 1000*(1+T)= 1070.8371 - (0.85 * 1000 * 0.05) = 1028.3371 T = 2.83% R = 2.83% NLIC VAII INCOME BUILDER 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.562306 104.57728 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 104.57728 1045.7728 1.000 FORMULA: 1000*(1+T)= 1045.7728 - (0.85 * 1000 * 0.05) = 1003.2728 T = 0.33% R = 0.33% NLIC VAII EQUITY GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.341412 136.21357 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 136.21357 1362.1357 1.000 FORMULA: 1000*(1+T)= 1362.1357 - (0.85 * 1000 * 0.05) = 1319.6357 T = 31.96% R = 31.96% NLIC VAII INTERNATIONAL MAGNUM 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.177471 122.28720 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 122.28720 1222.8720 1.000 FORMULA: 1000*(1+T)= 1222.8720 - (0.85 * 1000 * 0.05) = 1180.3720 T = 18.04% R = 18.04% NLIC VAII EMERGING MARKETS 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.257925 190.18909 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 190.18909 1901.8909 1.000 FORMULA: 1000*(1+T)= 1901.8909 - (0.85 * 1000 * 0.05) = 1859.3909 T = 85.94% R = 85.94% NLIC VAII EMERGING GROWTH 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 5.008939 199.64307 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 199.64307 1996.4307 1.000 FORMULA: 1000*(1+T)= 1996.4307 - (0.85 * 1000 * 0.05) = 1953.9307 T = 95.39% R = 95.39% NLIC VAII REAL ESTATE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.390732 96.23961 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 96.23961 962.3961 1.000 FORMULA: 1000*(1+T)= 962.3961 - (0.85 * 1000 * 0.05) = 919.8961 T = -8.01% R = -8.01% NLIC VAII COMPETITIVE EDGE 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.118852 123.17012 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 123.17012 1231.7012 1.000 FORMULA: 1000*(1+T)= 1231.7012 - (0.85 * 1000 * 0.05) = 1189.2012 T = 18.92% R = 18.92% NLIC VAII S&P 500 INDEX 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.552907 116.91931 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 116.91931 1169.1931 1.000 FORMULA: 1000*(1+T)= 1169.1931 - (0.85 * 1000 * 0.05) = 1126.6931 T = 12.67% R = 12.67% NLIC VAII AGGRESSIVE EQUITY 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Premier Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 #VALUE! #VALUE! FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 #VALUE! #VALUE! 1.000 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.05) = #VALUE! T = N/A R = N/A Alliance Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.602194 131.54098 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 131.54098 1315.4098 1.000 FORMULA: 1000*(1+T)= 1315.4098 - (0.85 * 1000 * 0.05) = 1272.9098 T = 27.29% R = 27.29% Alliance Growth and Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 9.179259 108.94126 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 108.94126 1089.4126 1.000 FORMULA: 1000*(1+T)= 1089.4126 - (0.85 * 1000 * 0.05) = 1046.9126 T = 4.69% R = 4.69% Aim Cap App 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.061518 141.61261 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 141.61261 1416.1261 1.000 FORMULA: 1000*(1+T)= 1416.1261 - (0.85 * 1000 * 0.05) = 1373.6261 T = 37.36% R = 37.36% Aim Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.551272 132.42802 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 132.42802 1324.2802 1.000 FORMULA: 1000*(1+T)= 1324.2802 - (0.85 * 1000 * 0.05) = 1281.7802 T = 28.18% R = 28.18% Aim Value 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 7.861581 127.20088 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 127.20088 1272.0088 1.000 FORMULA: 1000*(1+T)= 1272.0088 - (0.85 * 1000 * 0.05) = 1229.5088 T = 22.95% R = 22.95% Putnam International Growth 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.380828 156.71948 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 156.71948 1567.1948 1.000 FORMULA: 1000*(1+T)= 1567.1948 - (0.85 * 1000 * 0.05) = 1524.6948 T = 52.47% R = 52.47% Putnam Voyager 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 6.462453 154.74000 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 154.74000 1547.4000 1.000 FORMULA: 1000*(1+T)= 1547.4000 - (0.85 * 1000 * 0.05) = 1504.9000 T = 50.49% R = 50.49% Putnam Growth & Income 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 10.065069 99.35352 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 99.35352 993.5352 1.000 FORMULA: 1000*(1+T)= 993.5352 - (0.85 * 1000 * 0.05) = 951.0352 T = -4.90% R = -4.90% MSDW Mid Cap 12/31/98 NO. YEARS 1.000 TO 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-98 1000.00 8.489381 117.79422 FEE 31-Dec-99 0 10.000000 0.00000 RESULTING VALUE 31-Dec-99 10.000000 117.79422 1177.9422 1.000 FORMULA: 1000*(1+T)= 1177.9422 - (0.85 * 1000 * 0.05) = 1135.4422 T = 13.54% R = 13.54% NLIC VAII MONEY MARKET 12/30/94 TO NO. YEARS 5 12/31/99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 31-Dec-94 1000 8.736913 114.45691 FEE 31-Dec-95 0 9.013297 0 FEE 31-Dec-96 0 9.252962 0.00000 FEE 35795 0 9.511205749 0 FEE 36160 0.000 9.770578472 0 FEE 36525 0 10.0000 0 RESULTING VALUE 36525 1000.00% 114.45690831144.569083 5 FORMULA: 1000*(1+T)= 1144.569083 - (0.85 * 1000 * 0.02) = 1127.569083 T = 0.024303441 R = 0.127569083 NLIC VAII HIGH YIELD 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 8.458078128118.2301682 FEE 35064 0 9.476518593 0 FEE 35430 0 10.36414353 0 FEE 35795 0 11.32477506 0 FEE 36160 0 10.37594356 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 118.23016821182.301682 5 FORMULA: 1000*(1+T)= 1182.301682 - (0.85 * 1000 * 0.02) = 1165.301682 T = 0.03106887 R = 0.165301682 NLIC VAII EQUITY 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 2.442834092409.360588 FEE 35064 0 3.43880068 0 FEE 35430 0 3.773672099 0 FEE 35795 0 5.065943905 0 FEE 36160 0 6.455161193 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 409.360588 4093.60588 5 FORMULA: 1000*(1+T)= 4093.60588 - (0.85 * 1000 * 0.02) = 4076.60588 T = 0.324523736 R = 3.07660588 NLIC VAII QUALITY INCOME 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 7.689443932130.0484156 FEE 35064 0 9.363714438 0 FEE 35430 0 9.287453479 0 FEE 35795 0 10.08001049 0 FEE 36160 0 10.69963273 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 130.04841561300.484156 5 FORMULA: 1000*(1+T)= 1300.484156 - (0.85 * 1000 * 0.02) = 1283.484156 T = 0.051182452 R = 0.283484156 NLIC VAII STRATEGIST 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 5.297025193188.7852075 FEE 35064 0 5.655786325 0 FEE 35430 0 6.353652717 0 FEE 35795 0 7.057565432 0 FEE 36160 0 8.723951834 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 188.78520751887.852075 5 FORMULA: 1000*(1+T)= 1887.852075 - (0.85 * 1000 * 0.02) = 1870.852075 T = 0.133464415 R = 0.870852075 NLIC VAII DIVIDEND GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 4.774230736209.4578279 FEE 35064 0 6.325707617 0 FEE 35430 0 7.658495705 0 FEE 35795 0 9.396351782 0 FEE 36160 0 10.48858318 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 209.45782792094.578279 5 FORMULA: 1000*(1+T)= 2094.578279 - (0.85 * 1000 * 0.02) = 2077.578279 T = 0.157474626 R = 1.077578279 NLIC VAII UTILITIES 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 4.538555691220.3344121 FEE 35064 0 5.699220256 0 FEE 35430 0 6.049328955 0 FEE 35795 0 7.513374041 0 FEE 36160 0 9.082780551 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 220.33441212203.344121 5 FORMULA: 1000*(1+T)= 2203.344121 - (0.85 * 1000 * 0.02) = 2186.344121 T = 0.169347802 R = 1.186344121 NLIC VAII EUROPEAN GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 3.703673731270.0021851 FEE 35064 0 4.548726835 0 FEE 35430 0 5.775033784 0 FEE 35795 0 6.548229418 0 FEE 36160 0 7.929105356 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 270.00218512700.021851 5 FORMULA: 1000*(1+T)= 2700.021851 - (0.85 * 1000 * 0.02) = 2683.021851 T = 0.218217522 R = 1.683021851 NLIC VAII CAPITAL GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 3.800685673263.110419 FEE 35064 0 4.959233753 0 FEE 35430 0 5.402723087 0 FEE 35795 0 6.572398952 0 FEE 36160 0 7.680272267 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 263.110419 2631.10419 5 FORMULA: 1000*(1+T)= 2631.10419 - (0.85 * 1000 * 0.02) = 2614.10419 T = 0.211893842 R = 1.61410419 NLIC VAII PACIFIC GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 10.9358666791.4422268 FEE 35064 0 11.40671815 0 FEE 35430 0 11.57338569 0 FEE 35795 0 7.042528735 0 FEE 36160 0 6.163538295 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 91.4422268 914.422268 5 FORMULA: 1000*(1+T)= 914.422268 - (0.85 * 1000 * 0.02) = 897.422268 T = -0.021413166 R = -0.102577732 NLIC VAII GLOBAL DIVIDEND GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 5.412473649184.7584053 FEE 35064 0 6.463545669 0 FEE 35430 0 7.42290224 0 FEE 35795 0 8.123459725 0 FEE 36160 0 8.929294509 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 184.75840531847.584053 5 FORMULA: 1000*(1+T)= 1847.584053 - (0.85 * 1000 * 0.02) = 1830.584053 T = 0.128542542 R = 0.830584053 NLIC VAII CAPITAL APPRECIATION 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 11.163269 0 FEE 36160 0 10.123843 0 FEE 36525 0 10.840987 0 RESULTING VALUE 36525 10.840987 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INCOME BUILDER 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 9.484810258 0 FEE 36160 0 9.562306226 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EQUITY GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 6.300447448 0 FEE 36160 0 7.34141235 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII INTERNATIONAL MAGNUM 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 7.710764226 0 FEE 36160 0 8.177470956 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING MARKETS 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 7.283398494 0 FEE 35795 0 7.136123777 0 FEE 36160 0 5.257925068 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII EMERGING GROWTH 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 2.781711258 0 FEE 35430 0 3.169138036 0 FEE 35795 0 3.727808839 0 FEE 36160 0 5.008939278 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII REAL ESTATE 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 12.21925626 0 FEE 36160 0 10.39073212 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII COMPETITIVE EDGE 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 #VALUE! #VALUE! FEE 36160 0 8.118852265 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII S&P 500 INDEX 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 #VALUE! #VALUE! FEE 36160 0 8.552907418 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII AGGRESSIVE EQUITY 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 #VALUE! #VALUE! FEE 36160 0 #VALUE! #VALUE! FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII SHORT TERM BOND 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 #VALUE! #VALUE! FEE 36160 0 #VALUE! #VALUE! FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Premier Growth 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 #VALUE! #VALUE! FEE 36160 0 #VALUE! #VALUE! FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Alliance Growth 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 2.870448206348.3776498 FEE 35064 0 3.793182814 0 FEE 35430 0 4.760613599 0 FEE 35795 0 6.046072332 0 FEE 36160 0 7.602193555 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 348.37764983483.776498 5 FORMULA: 1000*(1+T)= 3483.776498 - (0.85 * 1000 * 0.02) = 3466.776498 T = 0.282286792 R = 2.466776498 Alliance Growth and Income 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 3.842510662260.2465127 FEE 35064 0 5.097862367 0 FEE 35430 0 6.17903057 0 FEE 35795 0 7.773579827 0 FEE 36160 0 9.179258993 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 260.24651272602.465127 5 FORMULA: 1000*(1+T)= 2602.465127 - (0.85 * 1000 * 0.02) = 2585.465127 T = 0.209226725 R = 1.585465127 Aim Cap App 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 3.660679668273.173315 FEE 35064 0 4.8641551 0 FEE 35430 0 5.59984773 0 FEE 35795 0 6.224041254 0 FEE 36160 0 7.061517793 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 273.173315 2731.73315 5 FORMULA: 1000*(1+T)= 2731.73315 - (0.85 * 1000 * 0.02) = 2714.73315 T = 0.221083687 R = 1.71473315 Aim Growth 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 3.252521367307.4537834 FEE 35064 0 4.292581653 0 FEE 35430 0 4.963222364 0 FEE 35795 0 6.165983985 0 FEE 36160 0 7.551272007 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 307.45378343074.537834 5 FORMULA: 1000*(1+T)= 3074.537834 - (0.85 * 1000 * 0.02) = 3057.537834 T = 0.250473141 R = 2.057537834 Aim Value 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 3.500312444285.6887824 FEE 35064 0 4.670351438 0 FEE 35430 0 5.259776795 0 FEE 35795 0 6.37062367 0 FEE 36160 0 7.861580561 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 285.68878242856.887824 5 FORMULA: 1000*(1+T)= 2856.887824 - (0.85 * 1000 * 0.02) = 2839.887824 T = 0.232140512 R = 1.839887824 Putnam International Growth 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 5.502212691 0 FEE 36160 0 6.38082753 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A Putnam Voyager 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 2.841718248351.8997708 FEE 35064 0 3.902770817 0 FEE 35430 0 4.304355404 0 FEE 35795 0 5.316573126 0 FEE 36160 0 6.462452947 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 351.89977083518.997708 5 FORMULA: 1000*(1+T)= 3518.997708 - (0.85 * 1000 * 0.02) = 3501.997708 T = 0.284881782 R = 2.501997708 Putnam Growth & Income 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 4.631607569215.9077567 FEE 35064 0 6.181971019 0 FEE 35430 0 7.35827588 0 FEE 35795 0 8.918716494 0 FEE 36160 0 10.06506908 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 215.90775672159.077567 5 FORMULA: 1000*(1+T)= 2159.077567 - (0.85 * 1000 * 0.02) = 2142.077567 T = 0.164573862 R = 1.142077567 MSDW Mid Cap 34698 TO NO. YEARS 5 36525 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 34699 1000 #VALUE! #VALUE! FEE 35064 0 #VALUE! #VALUE! FEE 35430 0 #VALUE! #VALUE! FEE 35795 0 7.701803642 0 FEE 36160 0 8.489381158 0 FEE 36525 0 10 0 RESULTING VALUE 36525 10 #VALUE! #VALUE! 5 FORMULA: 1000*(1+T)= #VALUE! - (0.85 * 1000 * 0.02) = #VALUE! T = N/A R = N/A NLIC VAII MONEY MARKET 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 7.798103 128.23632 FEE 29-Dec-90 0 8.217980 0.00000 FEE 29-Dec-91 0 8.490270 0.00000 FEE 29-Dec-92 0 8.579600 0.00000 FEE 29-Dec-93 0 8.610819 0.00000 FEE 29-Dec-94 0 8.731732 0.00000 FEE 29-Dec-95 0 9.013297 0.00000 FEE 29-Dec-96 0 9.250305 0.00000 FEE 29-Dec-97 0 9.509691 0.00000 FEE 29-Dec-98 0 9.769326 0.00000 FEE 29-Dec-99 0 9.998318 0.00000 RESULTING VALUE 29-Dec-99 9.998318 128.23632 1282.1475 10.000 FORMULA: 1000*(1+T)= 1282.1475 - (0.85 * 1000 * 0) = 1282.147532 T = 2.52% R = 28.21% NLIC VAII HIGH YIELD 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.696564 175.54440 FEE 29-Dec-90 0 4.119040 0.00000 FEE 29-Dec-91 0 6.231541 0.00000 FEE 29-Dec-92 0 7.307044 0.00000 FEE 29-Dec-93 0 8.825365 0.00000 FEE 29-Dec-94 0 8.432310 0.00000 FEE 29-Dec-95 0 9.476519 0.00000 FEE 29-Dec-96 0 10.345354 0.00000 FEE 29-Dec-97 0 11.311308 0.00000 FEE 29-Dec-98 0 10.355294 0.00000 FEE 29-Dec-99 0 9.987639 0.00000 RESULTING VALUE 29-Dec-99 9.987639 175.54440 1753.2742 10.000 FORMULA: 1000*(1+T)= 1753.2742 - (0.85 * 1000 * 0) = 1753.27418 T = 5.78% R = 75.33% NLIC VAII EQUITY 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 1.589523 629.11960 FEE 29-Dec-90 0 1.491223 0.00000 FEE 29-Dec-91 0 2.264195 0.00000 FEE 29-Dec-92 0 2.251385 0.00000 FEE 29-Dec-93 0 2.653385 0.00000 FEE 29-Dec-94 0 2.475084 0.00000 FEE 29-Dec-95 0 3.438801 0.00000 FEE 29-Dec-96 0 3.817971 0.00000 FEE 29-Dec-97 0 4.939009 0.00000 FEE 29-Dec-98 0 6.445476 0.00000 FEE 29-Dec-99 0 9.870055 0.00000 RESULTING VALUE 29-Dec-99 9.870055 629.11960 6209.4449 10.000 FORMULA: 1000*(1+T)= 6209.4449 - (0.85 * 1000 * 0) = 6209.444911 T = 20.03% R = 520.94% NLIC VAII QUALITY INCOME 30-Dec-89 TO NO. YEARS 10.000 31-Dec-99 TRANSACTION DATE $ VALUE UNIT VALUE NO. UNITS END VALUE INIT DEPOSIT 29-Dec-89 1000.00 5.992896 166.86424 FEE 29-Dec-90 0 6.218727 0.00000 FEE 29-Dec-91 0 7.194203 0.00000 FEE 29-Dec-92 0 7.655900 0.00000 FEE 29-Dec-93 0 8.511491 0.00000 FEE 29-Dec-94 0 7.723416 0.00000 FEE 29-Dec-95 0 9.363714 0.00000 FEE 29-Dec-96 0 9.359498 0.00000 FEE 29-Dec-97 0 10.069619 0.00000 FEE 29-Dec-98 0 10.666223 0.00000 FEE 29-Dec-99 0 10.023785 0.00000 RESULTING VALUE 29-Dec-99 10.023785 166.86424 1672.6113 10.000 FORMULA: 1000*(1+T)= 1672.6113 - (0.85 * 1000 * 0) = 1672.611276 T = 5.28% R = 67.26%
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