-----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, QG7iL7Dx4IKGgtcAHakhlJ9nqzIrHBG0VhWuP7ZZLVEfCwMSUBiDX0uCXtNJzTFr 9yUoAi5j3GG+CE8OJ/wo8g== 0000826734-07-000016.txt : 20070306 0000826734-07-000016.hdr.sgml : 20070306 20070305183831 ACCESSION NUMBER: 0000826734-07-000016 CONFORMED SUBMISSION TYPE: POS AM PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070306 DATE AS OF CHANGE: 20070305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SKANDIA LIFE ASSURANCE CORP/CT CENTRAL INDEX KEY: 0000881453 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 061241288 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: POS AM SEC ACT: 1933 Act SEC FILE NUMBER: 333-24989 FILM NUMBER: 07672843 BUSINESS ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 BUSINESS PHONE: 2039261888 MAIL ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 POS AM 1 ch2posamfiling0307.txt CHOICE 2000 S-3 FILING Filed with the Securities and Exchange Commission on March 5, 2007 Registration No. 333-24989 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form S-3 Post-Effective Amendment No. 13 Registration Statement Under The Securities Act of 1933* AMERICAN SKANDIA LIFE ASSURANCE CORPORATION (Exact name of registrant as specified in its charter) CONNECTICUT (State or other jurisdiction of incorporation or organization) 63 (Primary Standard Industrial Classification Code Number) 06-1241288 ---------- (I.R.S. Employer Identification No.) ONE CORPORATE DRIVE, SHELTON, CONNECTICUT 06484 (203) 926-1888 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) JOSEPH D. EMANUEL, CHIEF LEGAL OFFICER ONE CORPORATE DRIVE, SHELTON, CONNECTICUT 06484 (203) 944-7504 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copy To: LAURA KEALEY, ESQ. One Corporate Drive, Shelton, Connecticut 06484 (203) 944-5477 Approximate date of commencement of proposed sale to the public: March 19, 2007 or as soon as practicable after the effective date of this Registration Statement If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or reinvestment plans, check the following: [x].
Calculation of Registration Fee ==================================================================================================================================== Title of each Proposed Proposed class of maximum maximum securities Amount offering aggregate Amount of to be to be price offering registration registered registered per unit price** fee - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Market Value Adjusted - ------------------------------------------------------------------------------------------------------------------------------------ Annuity Contracts $35,789,769.0 $10,845.00
* Securities are not issued in predetermined units ** Registration fee for these securities, in the amount of $10,845.00, was paid at the time the securities were originally registered on Form S-2 as filed by American Skandia Life Insurance Corporation on April 24, 1997. American Skandia Marketing, Incorporated, the principal underwriter of these contracts under a "best efforts" arrangement, will be reimbursed by American Skandia Life Assurance Corporation for its costs and expenses incurred in connection with the sale of these contracts. - ------------------------------------------------------------------------------- Note: Registrant is filing this Post-Effective Amendment No. 13 to the Registration Statement for the purpose of including in the Registration Statement two Prospectus supplements. The Prospectus and Part II that were filed as part of Post-Effective Amendment No. 11 with the SEC on April 21, 2006 as supplemented are hereby incorporated by reference. Other than as set forth herein, this post-effective amendment to the registration statement does not amend or delete any other part of the registration statement. Supplement to Prospectuses Dated May 1, 2006 Supplement dated March 19, 2007 Supplement dated March 19, 2007 to the May 1, 2006 Prospectuses for the following annuity products: American Skandia Advisor PlanSM III, American Skandia APEX(R) II, American Skandia XTra CreditSM SIX, American Skandia LifeVest(R) II, and American Skandia Advisors Choice (R)2000 , Optimum, Optimum Four, and Optimum Plus as previously supplemented (the "Prospectuses"). This Supplement should be read and retained with the current Prospectus for your annuity contract issued by American Skandia Life Assurance Corporation ("American Skandia"). This Supplement is intended to update certain information in the Prospectus for the variable annuity you own, and is not intended to be a prospectus or offer for any other variable annuity listed here that you do not own. If you would like another copy of the current Prospectus, please contact American Skandia at 1-800-752-6342. In this supplement, we reflect certain enhancements to the Highest Daily Lifetime Five Benefit and certain changes to an underlying mutual fund. As detailed below, these enhancements include an additional amount in your Protected Withdrawal Value ("Enhanced Protected Withdrawal Value"), Annual Income Amount, and Account Value if you have made no withdrawal during the first ten years that your Highest Daily Lifetime Five Benefit has been in effect and you otherwise meet the requirements we describe below. Apart from the changes to Highest Daily Lifetime Five that we set forth below, the prospectus changes set forth in the November 20, 2006 supplement to each prospectus remain in effect. 1. ENHANCEMENTS TO THE HIGHEST DAILY LIFETIME FIVE BENEFIT A. We add the following new definitions to the Glossary of Terms section as follows: ENHANCED PROTECTED WITHDRAWAL VALUE Under the Highest Daily Lifetime Five Benefit only, a sum that we add to your existing Protected Withdrawal Value, provided that you have not made any withdrawal during the first ten years that your Highest Daily Lifetime Five Benefit has been in effect and you otherwise meet the conditions set forth in the rider and this prospectus. TOTAL ANNUAL INCOME AMOUNT Under the Highest Daily Lifetime Five Benefit only, an amount that you can withdraw each year as long as the annuitant lives, which may reflect the inclusion of an additional sum if you have made no withdrawal during the first ten years that the benefit is in effect. TOTAL PROTECTED WITHDRAWAL VALUE Under the Highest Daily Lifetime Five Benefit only, an amount that we guarantee regardless of the investment performance of your Account Value, which may reflect the inclusion of an additional sum, if you have made no withdrawal during the first ten years that the benefit is in effect. B. The following revises the description of the Highest Daily Lifetime Five Income Benefit under the "Living Benefit Programs" section in the Prospectus: HIGHEST DAILY LIFETIME FIVE INCOME BENEFIT (HIGHEST DAILY LIFETIME FIVE) - -------------------------------------------------------------------------------- The Highest Daily Lifetime Five program described below is only being offered in those jurisdictions where we have received regulatory approval and will be offered subsequently in other jurisdictions when we receive regulatory approval in those jurisdictions. Certain terms and conditions may differ between jurisdictions once approved. Highest Daily Lifetime Five is offered as an alternative to Lifetime Five and Spousal Lifetime Five. Currently, if you elect Highest Daily Lifetime Five and subsequently terminate the benefit, you will not be able to re-elect Highest Daily Lifetime Five, and will have a waiting period until you can elect Spousal Lifetime Five or Lifetime Five. Specifically, you will be permitted to elect Lifetime Five or Spousal Lifetime Five only on an anniversary of the Issue Date that is at least 90 calendar days from the date that Highest Daily Lifetime Five was terminated. We reserve the right to further limit the election frequency in the future. The income benefit under Highest Daily Lifetime Five currently is based on a single "designated life" who is at least 55 years old on the date that the benefit is acquired. The Highest Daily Lifetime Five Benefit is not available if you elect any other optional living benefit, although you may elect any optional death benefit (other than the Highest Daily Value Death Benefit). As long as your Highest Daily Lifetime Five Benefit is in effect, you must allocate your Account Value in accordance with the then-permitted and available investment option(s) with this program. - -------------------------------------------------------------------------------- We offer a benefit that guarantees until the death of the single designated life the ability to withdraw an annual amount (the "Total Annual Income Amount") equal to a percentage of an initial principal value (the "Total Protected Withdrawal Value") regardless of the impact of market performance on the Account Value, subject to our program rules regarding the timing and amount of withdrawals. The benefit may be appropriate if you intend to make periodic withdrawals from your Annuity, and wish to ensure that market performance will not affect your ability to receive annual payments. You are not required to make withdrawals as part of the program -- the guarantees are not lost if you withdraw less than the maximum allowable amount each year under the rules of the benefit. We discuss Highest Daily Lifetime Five in greater detail immediately below. In addition, please see the Glossary section of this prospectus for definitions of some of the key terms used with this benefit. As discussed below, we require that you participate in our asset transfer program in order to participate in Highest Daily Lifetime Five, and in the Appendices to this prospectus, we set forth the formula under which we make those asset transfers. As discussed below, a key component of Highest Daily Lifetime Five is the Total Protected Withdrawal Value, which is an amount that is distinct from Account Value. Because each of the Total Protected Withdrawal Value and Total Annual Income Amount is determined in a way that is not solely related to Account Value, it is possible for the Account Value to fall to zero, even though the Total Annual Income Amount remains. You are guaranteed to be able to withdraw the Total Annual Income Amount for the rest of your life, provided that you have not made "excess withdrawals." Excess withdrawals, as discussed below, will reduce your Total Annual Income Amount. Thus, you could experience a scenario in which your Account Value was zero, and, due to your excess withdrawals, your Total Annual Income Amount also was reduced to zero. In that scenario, no further amount would be payable under Highest Daily Lifetime Five. KEY FEATURE -- Total Protected Withdrawal Value The Total Protected Withdrawal Value is used to determine the amount of the annual payments under Highest Daily Lifetime Five. The Total Protected Withdrawal Value is equal to the greater of the Protected Withdrawal Value and any Enhanced Protected Withdrawal Value that may exist. We describe how we determine Enhanced Protected Withdrawal Value, and when we begin to calculate it, below. If you do not meet the conditions described below for obtaining Enhanced Protected Withdrawal Value then Total Protected Withdrawal Value is simply equal to Protected Withdrawal Value. The Protected Withdrawal Value initially is equal to the Account Value on the date that you elect Highest Daily Lifetime Five. On each Valuation Day thereafter, until the earlier of the first withdrawal or ten years after the date of your election of the benefit, we recalculate the Protected Withdrawal Value. Specifically, on each such Valuation Day (the "Current Valuation Day"), the Protected Withdrawal Value is equal to the greater of: o the Protected Withdrawal Value for the immediately preceding Valuation Day (the "Prior Valuation Day"), appreciated at the daily equivalent of 5% annually during the calendar day(s) between the Prior Valuation Day and the Current Valuation Day (i.e., one day for successive Valuation Days, but more than one calendar day for Valuation Days that are separated by weekends and/or holidays), plus the amount of any Purchase Payment (including any associated credit) made on the Current Valuation Day; and o the Account Value. If you have not made a withdrawal prior to the tenth anniversary of the date you elected Highest Daily Lifetime Five (which we refer to as the "Tenth Anniversary"), we will continue to calculate a Protected Withdrawal Value. On or after the Tenth Anniversary and up until the date of the first withdrawal, your Protected Withdrawal Value is equal to the greater of the Protected Withdrawal Value on the Tenth Anniversary or your Account Value. The Enhanced Protected Withdrawal Value is only calculated if you do not take a withdrawal prior to the Tenth Anniversary. If so, then on or after the Tenth Anniversary up until the date of the first withdrawal, the Enhanced Protected Withdrawal Value is equal to the sum of: (a) 200% of the Account Value on the date you elected Highest Daily Lifetime Five; (b) 200% of all Purchase Payments (and any associated Credits) made during the one-year period after the date you elected Highest Daily Lifetime Five; and (c) 100% of all Purchase Payments (and any associated Credits) made more than one year after the date you elected Highest Daily Lifetime Five, but prior to the date of your first withdrawal. We cease these daily calculations of the Protected Withdrawal Value and Enhanced Protected Withdrawal Value (and therefore, the Total Protected Withdrawal Value) when you make your first withdrawal. However, as discussed below, subsequent Purchase Payments (and any associated Credits) will increase the Total Annual Income Amount, while "excess" withdrawals (as described below) may decrease the Total Annual Income Amount. KEY FEATURE -- Total Annual Income Amount under the Highest Daily Lifetime Five Benefit The initial Total Annual Income Amount is equal to 5% of the Total Protected Withdrawal Value. For purposes of the asset transfer formula described below, we also calculate a Highest Daily Annual Income Amount, which is initially equal to 5% of the Protected Withdrawal Value. Under the Highest Daily Lifetime Five benefit, if your cumulative withdrawals in an Annuity Year are less than or equal to the Total Annual Income Amount, they will not reduce your Total Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Total Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If your cumulative withdrawals are in excess of the Total Annual Income Amount ("Excess Income"), your Total Annual Income Amount in subsequent years will be reduced (except with regard to required minimum distributions) by the result of the ratio of the Excess Income to the Account Value immediately prior to such withdrawal (see examples of this calculation below). Reductions include the actual amount of the withdrawal, including any CDSC that may apply. A Purchase Payment that you make will increase the then-existing Total Annual Income Amount and Highest Daily Annual Income Amount by an amount equal to 5% of the Purchase Payment (including the amount of any associated Credits). An automatic step-up feature ("Highest Quarterly Auto Step-Up") is included as part of this benefit. As detailed in this paragraph, the Highest Quarterly Auto Step-Up feature can result in a larger Total Annual Income Amount if your Account Value increases subsequent to your first withdrawal. We begin examining the Account Value for purposes of this feature starting with the anniversary of the Issue Date of the Annuity (the "Annuity Anniversary") immediately after your first withdrawal under the benefit. Specifically, upon the first such Annuity Anniversary, we identify the Account Value on the Valuation Days corresponding to the end of each quarter that (i) is based on your Annuity Year, rather than a calendar year; (ii) is subsequent to the first withdrawal; and (iii) falls within the immediately preceding Annuity Year. If the end of any such quarter falls on a holiday or a weekend, we use the next Valuation Day. We multiply each of those quarterly Account Values by 5%, adjust each such quarterly value for subsequent withdrawals and Purchase Payments, and then select the highest of those values. If the highest of those values exceeds the existing Total Annual Income Amount, we replace the existing amount with the new, higher amount. Otherwise, we leave the existing Total Annual Income Amount intact. In later years, (i.e., after the first Annuity Anniversary after the first withdrawal) we determine whether an automatic step-up should occur on each Annuity Anniversary, by performing a similar examination of the Account Values on the end of the four immediately preceding quarters. If, on the date that we implement a Highest Quarterly Auto Step-Up to your Total Annual Income Amount, the charge for Highest Daily Lifetime Five has changed for new purchasers, you may be subject to the new charge at the time of such step-up. Prior to increasing your charge for Highest Daily Lifetime Five upon a step-up, we would notify you, and give you the opportunity to cancel the automatic step-up feature. The Highest Daily Lifetime Five program does not affect your ability to make withdrawals under your annuity, or limit your ability to request withdrawals that exceed the Total Annual Income Amount. Under Highest Daily Lifetime Five, if your cumulative withdrawals in an Annuity Year are less than or equal to the Total Annual Income Amount, they will not reduce your Total Annual Income Amount in subsequent Annuity Years, but any such withdrawals will reduce the Total Annual Income Amount on a dollar-for-dollar basis in that Annuity Year. If, cumulatively, you withdraw an amount less than the Total Annual Income Amount in any Annuity Year, you cannot carry-over the unused portion of the Total Annual Income Amount to subsequent Annuity Years. Examples of dollar-for-dollar and proportional reductions, and the Highest Quarterly Auto Step-Up are set forth below. The values depicted here are purely hypothetical, and do not reflect the charges for the Highest Daily Lifetime Five benefit or any other fees and charges. Assume the following for all three examples: |X| The Issue Date is December 1, 2006 |X| The Highest Daily Lifetime Five benefit is elected on March 5, 2007. Dollar-for-dollar reductions On May 2, 2007, the Total Protected Withdrawal Value is $120,000, resulting in a Total Annual Income Amount of $6,000 (5% of $120,000). Assuming $2,500 is withdrawn from the Annuity on this date, the remaining Total Annual Income Amount for that Annuity Year (up to and including December 1, 2007) is $3,500. This is the result of a dollar-for-dollar reduction of the Total Annual Income Amount -- $6,000 less $2,500 = $3,500. Proportional reductions Continuing the previous example, assume an additional withdrawal of $5,000 occurs on August 6, 2007 and the Account Value at the time of this withdrawal is $110,000. The first $3,500 of this withdrawal reduces the Total Annual Income Amount for that Annuity Year to $0. The remaining withdrawal amount -- $1,500 - reduces the Total Annual Income Amount in future Annuity Years on a proportional basis based on the ratio of the excess withdrawal to the Account Value immediately prior to the excess withdrawal. (Note that if there were other withdrawals in that Annuity Year, each would result in another proportional reduction to the Total Annual Income Amount).
Here is the calculation: Account Value before withdrawal $110,000.00 Less amount of "non" excess withdrawal -$3,500.00 Account Value immediately before excess withdrawal of $1,500 $106,500.00 Excess withdrawal amount $1,500.00 Divided by Account Value immediately before excess withdrawal $106,500.00 Ratio 1.41% Total Annual Income Amount $6,000.00 Less ratio of 1.41% -$84.51 Total Annual Income Amount for future Annuity Years $5,915.49
Highest Quarterly Auto Step-Up On each Annuity Anniversary date, the Total Annual Income Amount is stepped-up if 5% of the highest quarterly value since your first withdrawal (or last Annuity Anniversary in subsequent years), adjusted for excess withdrawals and additional Purchase Payments, is higher than the Total Annual Income Amount, adjusted for excess withdrawals and additional Purchase Payments. Continuing the same example as above, the Total Annual Income Amount for this Annuity Year is $6,000. However, the excess withdrawal on August 6 reduces this amount to $5,915.49 for future years (see above). For the next Annuity Year, the Total Annual Income Amount will be stepped-up if 5% of the highest quarterly Account Value, adjusted for withdrawals, is higher than $5,915.49. Here are the calculations for determining the quarterly values. Only the June 1 value is being adjusted for excess withdrawals as the September 1 and December 1 Valuation Days occur after the excess withdrawal on August 6.
Highest Quarterly Value (adjusted with Adjusted Total Annual withdrawal and Income Amount (5% of the Date* Account value Purchase Payments)** Highest Quarterly Value) June 1, 2007 $118,000.00 $118,000.00 $5,900.00 August 6, 2007 $120,000.00 $112,885.55 $5,644.28 September 1, 2007 $112,000.00 $112,885.55 $5,644.28 December 1, 2007 $119,000.00 $119,000.00 $5,950.00
*In this example, the Annuity Anniversary date is December 1. The quarterly valuation dates are every three months thereafter - March 1, June 1, September 1, and December 1. In this example, we do not use the March 1 date as the first withdrawal took place after March 1. The Annuity Anniversary Date of December 1 is considered the fourth and final quarterly valuation date for the year. **In this example, the first quarterly value after the first withdrawal is $118,000 on June 1, yielding an adjusted Total Annual Income Amount of $5,900.00. This amount is adjusted on August 6 to reflect the $5,000 withdrawal. The calculations for the adjustments are: |X| The Account Value of $118,000 on June 1 is first reduced dollar-for-dollar by $3,500 ($3,500 is the remaining Total Annual Income Amount for the Annuity Year), resulting in an adjusted Account Value of $114,500 before the excess withdrawal. |X| This amount ($114,500) is further reduced by 1.41% (this is the ratio in the above example which is the excess withdrawal divided by the Account Value immediately preceding the excess withdrawal) resulting in a Highest Quarterly Value of $112,885.55. The adjusted Total Annual Income Amount is carried forward to the next quarterly anniversary date of September 1. At this time, we compare this amount to 5% of the Account Value on September 1. Since the June 1 adjusted Total Annual Income Amount of $5,644.28 is higher than $5,600.00 (5% of $112,000), we continue to carry $5,644.28 forward to the next and final quarterly anniversary date of December 1. The Account Value on December 1 is $119,000 and 5% of this amount is $5,950. Since this is higher than $5,644.28, the adjusted Total Annual Income Amount is reset to $5,950.00. In this example, 5% of the December 1 value yields the highest amount of $ 5,950.00. Since this amount is higher than the current year's Total Annual Income Amount of $5,915.49 adjusted for excess withdrawals, the Total Annual Income Amount for the next Annuity Year, starting on December 2, 2007 and continuing through December 1, 2008, will be stepped-up to $5,950.00. BENEFITS UNDER THE HIGHEST DAILY LIFETIME FIVE PROGRAM o To the extent that your Account Value was reduced to zero as a result of cumulative withdrawals that are equal to or less than the Total Annual Income Amount and amounts are still payable under Highest Daily Lifetime Five, we will make an additional payment, if any, for that Annuity Year equal to the remaining Total Annual Income Amount for the Annuity Year. Thus, in that scenario, the remaining Total Annual Income Amount would be payable even though your Account Value was reduced to zero. In subsequent Annuity Years we make payments that equal the Total Annual Income Amount as described in this section. We will make payments until the death of the single designated life. To the extent that cumulative withdrawals in the current Annuity Year that reduced your Account Value to zero are more than the Total Annual Income Amount, the Highest Daily Lifetime Five benefit terminates, and no additional payments will be made. o If Annuity payments are to begin under the terms of your Annuity, or if you decide to begin receiving Annuity payments and there is a Total Annual Income Amount due in subsequent Annuity Years, you can elect one of the following two options: (1) apply your Account Value to any Annuity option available; or (2) request that, as of the date Annuity payments are to begin, we make Annuity payments each year equal to the Total Annual Income Amount. We will make payments until the death of the single designated life. We must receive your request in a form acceptable to us at our office. In the absence of an election when mandatory annuity payments are to begin, we will make annual annuity payments in the form of a single life fixed annuity with ten payments certain, by applying the greater of the annuity rates then currently available or the annuity rates guaranteed in your Annuity. The amount that will be applied to provide such Annuity payments will be the greater of: (1) the present value of the future Total Annual Income Amount payments. Such present value will be calculated using the greater of the single life fixed annuity rates then currently available or the single life fixed annuity rates guaranteed in your Annuity; and (2) the Account Value. o If no withdrawal was ever taken, we will calculate the Total Annual Income Amount as if you made your first withdrawal on the date the annuity payments are to begin. Other Important Considerations o Withdrawals under the Highest Daily Lifetime Five benefit are subject to all of the terms and conditions of the Annuity, including any CDSC. o Withdrawals made while the Highest Daily Lifetime Five Benefit is in effect will be treated, for tax purposes, in the same way as any other withdrawals under the Annuity. The Highest Daily Lifetime Five Benefit does not directly affect the Account Value or surrender value, but any withdrawal will decrease the Account Value by the amount of the withdrawal (plus any applicable CDSC). If you surrender your Annuity you will receive the current surrender value. o You can make withdrawals from your Annuity while your Account Value is greater than zero without purchasing the Highest Daily Lifetime Five benefit. The Highest Daily Lifetime Five benefit provides a guarantee that if your Account Value declines due to market performance, you will be able to receive your Total Annual Income Amount in the form of periodic benefit payments. o You must allocate your Account Value in accordance with the then available investment option(s) that we may permit in order to elect and maintain the Highest Daily Lifetime Five benefit. Election of and Designations under the Program For Highest Daily Lifetime Five, there must be either a single Owner who is the same as the Annuitant, or if the Annuity is entity-owned, there must be a single natural person Annuitant. In either case, the Annuitant must be at least 55 years old. Any change of the Annuitant under the Annuity will result in cancellation of Highest Daily Lifetime Five. Similarly, any change of Owner will result in cancellation of Highest Daily Lifetime Five, except if (a) the new Owner has the same taxpayer identification number as the previous owner (b) both the new Owner and previous Owner are entities or (c) the previous Owner is a natural person and the new Owner is an entity. Highest Daily Lifetime Five can be elected at the time that you purchase your Annuity. However, with respect to XT6, you may elect this benefit at the time you purchase your Annuity only if the CDSC schedule for XT6 Annuities issued on or after November 20, 2006 applies. (See "Summary of Contract Fees and Charges" section of the Prospectus and section 2 of this Supplement). We also offer existing owners (i.e., those who have already acquired their Annuity) the option to elect Highest Daily Lifetime Five after the Issue Date, subject to our eligibility rules and restrictions. However, for existing Owners of XT6 whose Annuities are subject to the CDSC schedule for Annuities issued prior to November 20, 2006, this benefit may only be elected on or after the first anniversary of the Issue Date. Currently, if you terminate the Highest Daily Lifetime Five benefit, you will (a) not be permitted to re-elect the benefit and (b) will be allowed to elect the Spousal Lifetime Five Benefit or the Lifetime Five Income Benefit on any anniversary of the Issue Date that is at least 90 calendar days from the date the Highest Daily Lifetime Five Benefit was terminated. We reserve the right to further limit the election frequency in the future. Before making any such change to the election frequency, we will provide prior notice to Owners who have an effective Highest Daily Lifetime Five benefit. Termination of the Program You may terminate the benefit at any time by notifying us. If you terminate the benefit, any guarantee provided by the benefit will terminate as of the date the termination is effective, and certain restrictions on re-election will apply as described above. The benefit terminates: (i) upon your termination of the benefit (ii) upon your surrender of the Annuity (iii) upon your election to begin receiving annuity payments (iv) upon the death of the Annuitant (v) if both the Account Value and Total Annual Income Amount equal zero or (vi) if you fail to meet our requirements for issuing the benefit. Upon termination of Highest Daily Lifetime Five, we cease deducting the charge for the benefit. With regard to your investment allocations, upon termination we will: (i) leave intact amounts that are held in the variable investment options, and (ii) transfer all amounts held in the Benefit Fixed Rate Account (as defined below) to your variable investment options, based on your existing allocation instructions or (in the absence of such existing instructions) pro rata (i.e. in the same proportion as the current balances in your variable investment options). Return of Principal Guarantee If you have not made a withdrawal before the Tenth Anniversary, we will increase your Account Value on that Tenth Anniversary (or the next Valuation Day, if that anniversary is not a Valuation Day), if the requirements set forth in this paragraph are met. On the Tenth Anniversary, we add: (a) your Account Value on the day that you elected Highest Daily Lifetime Five; and (b) the sum of each Purchase Payment you made (including any Credits) during the one-year period after you elected the benefit. If the sum of (a) and (b) is greater than your Account Value on the Tenth Anniversary, we increase your Account Value to equal the sum of (a) and (b), by contributing funds from our general account. If the sum of (a) and (b) is less than or equal to your Account Value on the Tenth Anniversary, we make no such adjustment. The amount that we add to your Account Value under this provision will be allocated to each of your variable investment options and the Benefit Fixed Rate Account (described below), in the same proportion that each such investment option bears to your total Account Value, immediately prior to the application of the amount. Any such amount will not increase your Total Protected Withdrawal Value, your death benefit, or the amount of any other or optional benefit that you may have selected. This potential addition to Account Value is available only if you have elected Highest Daily Lifetime Five and if you meet the conditions set forth in this paragraph. Asset Transfer Component of Highest Daily Lifetime Five As indicated above, we limit the sub-accounts to which you may allocate Account Value if you elect Highest Daily Value Lifetime Five. For purposes of this benefit, we refer to those permitted sub-accounts as the "Permitted Sub-accounts". As a requirement of participating in Highest Daily Lifetime Five, we require that you participate in our specialized asset transfer program, under which we may transfer Account Value between the Permitted Sub-accounts and a fixed interest rate account that is part of our general account (the "Benefit Fixed Rate Account"). We determine whether to make a transfer, and the amount of any transfer, under a non-discretionary formula, discussed below. The Benefit Fixed Rate Account is available only with this benefit, and thus you may not allocate Purchase Payments to that Account. Under the asset transfer component of Highest Daily Lifetime Five, we monitor your Account Value daily and, if necessary, systematically transfer amounts between the Permitted Sub-accounts you have chosen and the Benefit Fixed Rate Account. Any transfer would be made in accordance with a formula, which is set forth in the schedule supplement to the endorsement for this benefit (and also appears in the Appendices to this prospectus). Speaking generally, the formula, which we apply each Valuation Day, operates as follows. The formula starts by identifying your Protected Withdrawal Value for that day and then multiplies that figure by 5%, to produce a projected (i.e., hypothetical) Highest Daily Annual Income Amount. Then, using our actuarial tables, we produce an estimate of the total amount we would target in our allocation model, based on the projected Highest Daily Annual Income Amount each year for the rest of your life. In the formula, we refer to that value as the "Target Value" or "L". If you have already made a withdrawal, your projected Highest Daily Annual Income Amount (and thus your Target Value) would take into account any automatic step-up that was scheduled to occur according to the step-up formula described above. Next, the formula subtracts from the Target Value the amount held within the Benefit Fixed Rate Account on that day, and divides that difference by the amount held within the Permitted Sub-accounts. That ratio, which essentially isolates the amount of your Target Value that is not offset by amounts held within the Benefit Fixed Rate Account, is called the "Target Ratio" or "r". If the Target Ratio exceeds a certain percentage, it means essentially that too much Target Value is not offset by assets within the Benefit Fixed Rate Account, and therefore we will transfer an amount from your Permitted Sub-accounts to the Benefit Fixed Rate Account. Conversely, if the Target Ratio falls below a certain percentage, then a transfer from the Benefit Fixed Rate Account to the Permitted Sub-accounts would occur. Note that the formula is calculated with reference to the Highest Daily Annual Income Amount, rather than with reference to the Total Annual Income Amount. As you can glean from the formula, a downturn in the securities markets (i.e., a reduction in the amount held within the Permitted Sub-accounts) may cause us to transfer some of your variable contract value to the Benefit Fixed Rate Account, because such a reduction will tend to increase the Target Ratio. Moreover, certain market return scenarios involving "flat" returns over a period of time also could result in the transfer of money to the Benefit Fixed Rate Account. In deciding how much to transfer, we use another formula, which essentially seeks to re-balance amounts held in the Permitted Sub-accounts and the Benefit Fixed Rate Account so that the Target Ratio meets a target, which currently is equal to 80%. Once you elect Highest Daily Lifetime Five, the ratios we use will be fixed. For contracts issued in the future, however, we reserve the right to change the ratios. While you are not notified when your Annuity reaches a reallocation trigger, you will receive a confirmation statement indicating the transfer of a portion of your Account Value either to or from the Benefit Fixed Rate Account. The formula by which the reallocation triggers operate is designed primarily to mitigate the financial risks that we incur in providing the guarantee under Highest Daily Lifetime Five. Depending on the results of the calculation relative to the reallocation triggers, we may, on any day: o Not make any transfer; or o If a portion of your Account Value was previously allocated to the Benefit Fixed Rate Account, transfer all or a portion of those amounts to the Permitted Sub-accounts, based on your existing allocation instructions or (in the absence of such existing instructions) pro rata (i.e., in the same proportion as the current balances in your variable investment options). Amounts taken out of the Benefit Fixed Rate Account will be withdrawn for this purpose on a last-in, first-out basis (an amount renewed into a new guarantee period under the Benefit Fixed Rate Account will be deemed a new investment for purposes of this last-in, first-out rule); or o Transfer all or a portion of your Account Value in the Permitted Sub-accounts pro-rata to the Benefit Fixed Rate Account. The interest that you earn on such transferred amount will be equal to the annual rate that we have set for that day, and we will credit the daily equivalent of that annual interest until the earlier of one year from the date of the transfer or the date that such amount in the Benefit Fixed Rate Account is transferred back to the Permitted Sub-accounts. If a significant amount of your Account Value is systematically transferred to the Benefit Fixed Rate Account during periods of market declines or low interest rates, less of your Account Value may be available to participate in the investment experience of the Permitted Sub-accounts if there is a subsequent market recovery. Under the reallocation formula that we employ, it is possible that a significant portion of your Account Value may be allocated to the Benefit Fixed Rate Account. Additional Tax Considerations for Qualified Contracts If you purchase an annuity as an investment vehicle for "qualified" investments, including an IRA, SEP-IRA, Tax Sheltered Annuity (or 403(b)) or employer plan under Code Section 401(a), the minimum distribution rules under the Code require that you begin receiving periodic amounts from your annuity beginning after age 70 1/2. For a Tax Sheltered Annuity or a 401(a) plan for which the participant is not a greater than 5 percent owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs are not subject to these rules during the owner's lifetime. The amount required under the Code may exceed the Total Annual Income Amount, which will cause us to increase the Total Annual Income Amount in any Annuity Year that required minimum distributions due from your Annuity that are greater than such amounts. In addition, the amount and duration of payments under the annuity payment and death benefit provisions may be adjusted so that the payments do not trigger any penalty or excise taxes due to tax considerations such as minimum distribution requirements. 2. CHANGE WITH RESPECT TO A CERTAIN PORTFOLIO OF AMERICAN SKANDIA TRUST In the "Investment Options" section of the prospectus, we revise the investment objectives/policies section for the AST International Growth Portfolios to read as follows. This new description reflects revisions to non-fundamental investment policies:
- ------------------- ------------------------------------------------------------------------------------ ----------------------- PORTFOLIO STYLE/ INVESTMENT OBJECTIVES/POLICIES ADVISOR/ TYPE SUB-ADVISOR - ------------------- ------------------------------------------------------------------------------------ ----------------------- - ------------------- ------------------------------------------------------------------------------------ ----------------------- International AST International Growth Portfolio (formerly, AST William Marsico Capital Blair International Growth Portfolio): seeks Management LLC, long-term capital appreciation. Under normal circumstances, William Blair & the Portfolio invests at least 80% of the Company, LLC value of its assets in securities of issuers that are economically tied to countries other than the United States. Although the Portfolio intends to invest at least 80% of its assets in the securities of issuers located outside the United States, it may Equity at times invest in U.S. issuers and it may invest all of its assets in fewer than five countries or even a single country. The Portfolio looks primarily for stocks of companies whose earnings are growing at a faster rate than other companies or which offer attractive growth potential. - ------------------- ------------------------------------------------------------------------------------- -----------------------
4 Supplement dated March 19, 2007 to the Prospectuses dated May 1, 2006 This Supplement updates the Prospectuses for the following annuity products: American Skandia Advisor Plan III, American Skandia XTra Credit SIX, American Skandia LifeVest(R) II, American Skandia APEX(R) II, Advisors Choice(R) 2000, Optimum, Optimum Four, and Optimum Plus (the "Prospectuses"). This Supplement should be read and retained with the current Prospectus for your annuity contract. This Supplement is intended to update certain information in the Prospectus for the variable annuity you own, and is not intended to be a prospectus or offer for any other variable annuity listed here that you do not own. Capitalized terms used in this Supplement have the same meanings as defined in the Prospectus. We are issuing this supplement to each Prospectus in order to describe an alternative way in which the death benefit under your variable annuity may be paid to your beneficiaries. In the "Death Benefit" section of each Prospectus, under "Payment of Death Benefits," the following information replaces the section entitled "Payment of Death Benefit to Beneficiary": Payment of Death Benefit to Beneficiary Except in the case of a spousal assumption as described below, in the event of your death, the Death Benefit must be distributed: o as a lump sum amount at any time within five (5) years of the date of death; or o as a series of payments not extending beyond the life expectancy of the Beneficiary or over the life of the Beneficiary. Payments under this option must begin within one year of the date of death. Unless you have made an election prior to Death Benefit proceeds becoming due, a Beneficiary can elect to receive the Death Benefit proceeds under the Beneficiary Continuation Option as described below in the section entitled "Beneficiary Continuation Option," as a series of fixed annuity payments (annuity payment options 1-4) or as a series of variable annuity payments (annuity payment options 1-3 or 5 and 6). See the section entitled "What Types of Annuity Options are Available." Upon our receipt of proof of death, we will send to the beneficiary materials that list these payment options, as well as an election form with which the beneficiary may choose an option. In the "Death Benefit" section of each Prospectus, under "Payment of Death Benefits," the following information replaces the section entitled "Qualified Beneficiary Continuation Option": Alternative Death Benefit Payment Options - Qualified Contracts The Code provides for alternative death benefit payment options when an Annuity is used as an IRA, 403(b) or other "qualified investment" that requires Minimum Distributions. Upon the Owner's death under an IRA, 403(b) or other "qualified investment", a Beneficiary may generally elect to continue the Annuity and receive Minimum Distributions under the Annuity instead of receiving the death benefit in a single payment. The available payment options will depend on whether the Owner died on or before the date he or she was required to begin receiving Minimum Distributions under the Code and whether the Beneficiary is the surviving spouse. o If death occurs before the date Minimum Distributions must begin under the Code, (i.e., by April 1 of the year after the year the Owner reaches age 70 1/2) the death benefit can be paid out in either a lump sum, within five years from the date of death, or over the life or life expectancy of the designated beneficiary (as long as payments begin by December 31st of the year following the year of death). However, if the spouse is the beneficiary, the death benefit can be paid out over the life or life expectancy of the spouse with such payments beginning no later than December 31st of the year following the year of death or December 31st of the year in which the deceased would have reached age 70 1/2, which ever is later. o If death occurs after the date Minimum Distributions must begin under the Code, (i.e., by April 1 of the year after the year the Owner reaches age 70 1/2) the death benefit must be paid out at least as rapidly as under the method that had been in effect when the Owner was receiving distributions. A beneficiary has the flexibility to take out more each year than required under the Minimum Distribution rules. Until withdrawn, amounts in an IRA, 403(b) or other "qualified investment" continue to be tax deferred. Amounts withdrawn each year, including amounts that are required to be withdrawn under the Minimum Distribution rules, are subject to tax. You may wish to consult a professional tax advisor for tax advice as to your particular situation. For a Roth IRA, if death occurs before the entire interest is distributed, the death benefit must be distributed under the same rules applied to IRAs where death occurs before the date Minimum Distributions must begin under the Code. The tax consequences to the beneficiary may vary among the different death benefit payment options. See the Tax Considerations section of this prospectus, and consult your tax advisor. Beneficiary Continuation Option Instead of receiving the death benefit in a single payment, or under an Annuity Option, a beneficiary may take the death benefit under an alternative death benefit payment option, as provided by the Code and described above under the sections entitled "Payment of Death Benefit to Beneficiary" and "Alternative Death Benefit Payment Options - Qualified Contracts." This "Beneficiary Continuation Option" is described below and is available for both qualified Annuities (i.e. annuities sold to an IRA, Roth IRA, SEP IRA, or 403(b)) and non-qualified Annuities. In the section above entitled "Alternative Death Benefit Payment Options - Qualified Contracts", we describe Beneficiary Continuation Option provisions that are unique to qualified contracts. Under the Beneficiary Continuation Option: o The Owner's Annuity contract will be continued in the Owner's name, for the benefit of the beneficiary. o Beginning on the date we receive an election by the beneficiary to take the death benefit in a form other than a lump sum, the beneficiary will incur a Settlement Service Charge which is an annual charge assessed on a daily basis against the average assets allocated to the Sub-accounts. For non-qualified Annuities the charge is 1.00% per year, and for qualified Annuities the charge is 1.40% per year. o Beginning on the date we receive an election by the beneficiary to take the death benefit in a form other than a lump sum, the beneficiary will incur an annual maintenance fee equal to the lesser of $30 or 2% of Account Value if the Account Value is less than $25,000 at the time the fee is assessed. The fee will not apply if it is assessed 30 days prior to a surrender request. o The initial Account Value will be equal to any death benefit (including any optional death benefit) that would have been payable to the beneficiary if the beneficiary had taken a lump sum distribution. o The available Sub-accounts will be among those available to the Owner at the time of death, however certain Sub-Accounts may not be available. o The beneficiary may request transfers among Sub-accounts, subject to the same limitations and restrictions that applied to the Owner. Transfers in excess of 20 per year will incur a $10 transfer fee. o No Fixed Allocations or fixed interest rate options will be offered for non-qualified Annuities. However, for qualified Annuities, the Fixed Allocations will be those offered at the time the Beneficiary Continuation Option is elected. o No additional Purchase Payments can be applied to the Annuity. o the basic death benefit and any optional benefits elected by the Owner will no longer apply to the beneficiary. o The beneficiary can request a withdrawal of all or a portion of the Account Value at any time without application of any applicable CDSC. o Upon the death of the Beneficiary, if the successor does not take a lump sum, the successor may take any remaining benefit over the life expectancy of the Beneficiary. Currently only Investment Options corresponding to Portfolios of the American Skandia Trust and the ProFund VP are available under the Beneficiary Continuation Option. In addition to the materials referenced above, the Beneficiary will be provided with a prospectus and a settlement agreement describing the Beneficiary Continuation Option. We may pay compensation to the broker-dealer of record on the Annuity based on amounts held in the Beneficiary Continuation Option. Please contact us for additional information on the availability, restrictions and limitations that will apply to a beneficiary under the Beneficiary Continuation Option. In the section entitled "Summary of Contract Fees and Charges," in the table entitled "Your Periodic Fees and Charges," the rows describing the "Settlement Service Charge" and "Total Annual Charges of the Sub-accounts" are deleted and replaced with the following:
- --------------------- --------------------- --------------------- --------------------- --------------------- Fee/Charge ASAP III/ APEX II/ ASL II/ XT6/ OPTIMUM OPTIMUM FOUR ADVISORS CHOICE OPTIMUM PLUS - --------------------- --------------------- --------------------- --------------------- --------------------- - --------------------- --------------------- --------------------- --------------------- --------------------- Settlement Service 1.40% (qualified); 1.40% (qualified); 1.40% (qualified); 1.40% (qualified); Charge(4) 1.00% 1.00% 1.00% 1.00% (non-qualified) (non-qualified) (non-qualified) (non-qualified) - --------------------- --------------------- --------------------- --------------------- --------------------- - --------------------- --------------------- --------------------- --------------------- --------------------- Total Annual 1.25% in Annuity 1.65% 1.65% 1.65% in Annuity Charges of the Years 1-8; 0.65% in Years 1-10; 0.65% Sub-accounts Annuity Years 9 and in Annuity Years 11 (accumulation phase) later and later - --------------------- --------------------- --------------------- --------------------- ---------------------
4: The Mortality & Expense Risk Charge, the Administration Charge and the Distribution Charge (if applicable) do not apply if you are a beneficiary under the Beneficiary Continuation Option. The Settlement Service Charge applies only if your beneficiary elects the Beneficiary Continuation Option. The 1.00% and 1.40% charges set forth above are annual charges that are assessed against the Account Value in the Sub-accounts. In the section entitled "Summary of Contract Fees and Charges," in the table entitled "Your Periodic Fees and Charges," the asterisks at the bottom of the table are deleted and replaced with the following: *Assessed annually on the Annuity's anniversary date or upon surrender. For beneficiaries who elect the Beneficiary Continuation Option, the Annual Maintenance Fee is the smaller of $30 or 2% of Account Value, and will not apply if it is assessed 30 days prior to a surrender request. **Only applicable if Account Value is less than $100,000. For beneficiaries who elect the Beneficiary Continuation Option, the fee is only applicable if Account Value is less than $25,000. In all Prospectuses, the term "Qualified Beneficiary Continuation Option" is replaced with "Beneficiary Continuation Option." In the section entitled "Fees and Charges," in the subsection entitled "What are the Contract Fees and Charges," immediately after the paragraph entitled "Optional Benefits for which we assess a charge," the following paragraph is added: Settlement Service Charge: If your beneficiary takes the death benefit under a Beneficiary Continuation Option, we deduct a Settlement Service Charge. The charge is assessed daily against the average assets allocated to the Sub-accounts and is equal to an annual charge of 1.00% for non-qualified Annuities. However, for qualified Annuities, the charge is 1.40%. FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ----------------------------------------------------------- AST T. ROWE AST AMERICAN AST AMERICAN AST PRICE CENTURY CENTURY ALLIANCEBERNSTEIN LARGE-CAP INCOME & STRATEGIC GROWTH & INCOME GROWTH GROWTH BALANCED PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ----------------- ------------ ------------ ------------ ASSETS Investment in the portfolios, at value ................. $2,257,991,398 $311,809,941 $372,463,604 $168,793,398 -------------- ------------ ------------ ------------ Net Assets .................. $2,257,991,398 $311,809,941 $372,463,604 $168,793,398 ============== ============ ============ ============ NET ASSETS, representing: Accumulation units .......... $2,257,991,398 $311,809,941 $372,463,604 $168,793,398 -------------- ------------ ------------ ------------ $2,257,991,398 $311,809,941 $372,463,604 $168,793,398 ============== ============ ============ ============ Units outstanding ........... 119,941,388 25,617,789 23,133,067 11,073,684 ============== ============ ============ ============ Portfolio shares held ....... 96,207,558 28,711,781 23,708,695 11,245,396 Portfolio net asset value per share .................... $ 23.47 $ 10.86 $ 15.71 $ 15.01 Investment in portfolio shares, at cost .......... $1,713,598,032 $257,777,482 $284,531,106 $141,309,311
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS ----------------------------------------------------------- AST T. ROWE AST AMERICAN AST AMERICAN AST PRICE CENTURY CENTURY ALLIANCEBERNSTEIN LARGE-CAP INCOME & STRATEGIC GROWTH & INCOME GROWTH GROWTH BALANCED PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ----------------- ------------ ------------ ------------ INVESTMENT INCOME Dividend income ............. $ 24,638,522 $ 0 $ 6,512,201 $ 3,675,215 -------------- ------------ ------------ ------------ EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ....... 40,820,476 4,371,904 5,398,692 2,731,462 -------------- ------------ ------------ ------------ NET INVESTMENT INCOME (LOSS) ... (16,181,954) (4,371,904) 1,113,509 943,753 -------------- ------------ ------------ ------------ NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................. 0 0 0 4,489,838 Realized gain (loss) on shares redeemed .......... 200,478,461 17,561,796 28,841,039 11,836,286 Net change in unrealized gain (loss) on investments .... 140,289,258 (1,423,663) 20,219,074 (3,872,371) -------------- ------------ ------------ ------------ NET GAIN (LOSS) ON INVESTMENTS ................. 340,767,719 16,138,133 49,060,113 12,453,753 -------------- ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. $ 324,585,765 $ 11,766,229 $ 50,173,622 $ 13,397,506 ============== ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A1
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------------- AST COHEN & AST DEAM AST DEAM AST FEDERATED AST MONEY STEERS AST GLOBAL LARGE-CAP SMALL-CAP AST DEAM AST HIGH AGGRESSIVE MARKET REALTY ALLOCATION VALUE GROWTH SMALL-CAP YIELD GROWTH PORTFOLIO PORTFOLIO PORTFOLIO PORFOLIO PORFOLIO VALUE PORFOLIO PORTFOLIO PORTFOLIO - -------------- ------------- ------------ ------------ ------------ -------------- ------------ ------------- $1,602,715,168 $ 533,825,475 $180,123,307 $326,334,427 $205,153,443 $115,526,877 $532,516,445 $485,583,169 - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ $1,602,715,168 $ 533,825,475 $180,123,307 $326,334,427 $205,153,443 $115,526,877 $532,516,445 $485,583,169 ============== ============= ============ ============ ============ ============ ============ ============ $1,602,715,168 $ 533,825,475 $180,123,307 $326,334,427 $205,153,443 $115,526,877 $532,516,445 $485,583,169 - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ $1,602,715,168 $ 533,825,475 $180,123,307 $326,334,427 $205,153,443 $115,526,877 $532,516,445 $485,583,169 ============== ============= ============ ============ ============ ============ ============ ============ 137,602,272 18,291,923 9,286,978 20,638,243 19,450,742 6,905,652 33,761,176 29,587,042 ============== ============= ============ ============ ============ ============ ============ ============ 1,602,715,168 25,578,604 13,244,360 24,065,961 22,719,096 8,589,359 63,319,434 42,261,372 $ 1.00 $ 20.87 $ 13.60 $ 13.56 $ 9.03 $ 13.45 $ 8.41 $ 11.49 $1,602,715,168 $ 402,820,154 $143,879,846 $283,271,618 $164,777,714 $105,445,462 $512,118,167 $413,394,805
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------------- AST COHEN & AST DEAM AST DEAM AST FEDERATED AST MONEY STEERS AST GLOBAL LARGE-CAP SMALL-CAP AST DEAM AST HIGH AGGRESSIVE MARKET REALTY ALLOCATION VALUE GROWTH SMALL-CAP YIELD GROWTH PORTFOLIO PORTFOLIO PORTFOLIO PORFOLIO PORFOLIO VALUE PORFOLIO PORTFOLIO PORTFOLIO - -------------- ------------- ------------ ------------ ------------ -------------- ------------ ------------- $ 85,423,250 $ 6,105,347 $ 5,148,160 $ 1,945,531 $ 0 $ 288,910 $ 49,055,158 $ 0 - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ 29,172,978 7,109,382 2,716,000 3,547,710 3,427,658 1,732,831 8,167,058 8,885,385 - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ 56,250,272 (1,004,035) 2,432,160 (1,602,179) (3,427,658) (1,443,921) 40,888,100 (8,885,385) - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ 0 60,422,848 0 18,920,075 0 6,570,928 0 15,277,767 0 34,735,414 980,470 9,805,114 30,652,148 3,472,631 (24,419,950) 35,408,830 0 39,522,547 13,141,544 13,676,224 (14,654,965) 9,155,835 27,574,932 10,141,868 - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ 0 134,680,809 14,122,014 42,401,413 15,997,183 19,199,394 3,154,982 60,828,465 - -------------- ------------- ------------ ------------ ------------ ------------ ------------ ------------ $ 56,250,272 $ 133,676,774 $ 16,554,174 $ 40,799,234 $ 12,569,525 $ 17,755,473 $ 44,043,082 $ 51,943,080 ============== ============= ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A2 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS -------------------------------------------------------------------- AST GOLDMAN AST GOLDMAN AST GOLDMAN AST SACHS SACHS SACHS AST MID-CAP SMALL-CAP CONCENTRATED MID-CAP SMALL-CAP VALUE VALUE GROWTH GROWTH VALUE PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ------------ ------------ ------------ ------------ ------------ ASSETS Investment in the portfolios, at value ................. $143,922,030 $956,553,776 $618,327,034 $307,253,354 $216,392,575 ------------ ------------ ------------ ------------ ------------ Net Assets .................. $143,922,030 $956,553,776 $618,327,034 $307,253,354 $216,392,575 ============ ============ ============ ============ ============ NET ASSETS, representing: Accumulation units .......... $143,922,030 $956,553,776 $618,327,034 $307,253,354 $216,392,575 ------------ ------------ ------------ ------------ ------------ $143,922,030 $956,553,776 $618,327,034 $307,253,354 $216,392,575 ============ ============ ============ ============ ============ Units outstanding ........... 10,059,684 47,594,398 27,074,050 38,464,330 8,373,435 ============ ============ ============ ============ ============ Portfolio shares held ....... 11,894,383 55,840,851 25,299,797 62,577,057 11,902,782 Portfolio net asset value per share ................ $ 12.10 $ 17.13 $ 24.44 $ 4.91 $ 18.18 Investment in portfolio shares, at cost .......... $131,654,810 $837,332,710 $463,270,969 $263,901,266 $187,644,799
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS -------------------------------------------------------------------- AST GOLDMAN AST GOLDMAN AST GOLDMAN AST SACHS SACHS SACHS AST MID-CAP SMALL-CAP CONCENTRATED MID-CAP SMALL-CAP VALUE VALUE GROWTH GROWTH VALUE PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO ------------ ------------ ------------ ------------ ------------ INVESTMENT INCOME Dividend income ............... $ 757,655 $ 4,362,022 $ 0 $ 0 $ 805,905 ------------ ------------ ----------- ------------ ------------ EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ......... 2,171,779 16,414,613 9,467,304 5,820,374 3,282,452 ------------ ------------ ----------- ------------ ------------ NET INVESTMENT INCOME (LOSS) ..... (1,414,124) (12,052,591) (9,467,304) (5,820,374) (2,476,547) ------------ ------------ ----------- ------------ ------------ NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................... 24,113,938 49,106,520 0 0 40,861,131 Realized gain (loss) on shares redeemed ............ 9,068,100 75,487,984 2,233,701 37,821,668 6,638,358 Net change in unrealized gain (loss) on investments ...... (15,319,813) 51,938,311 58,960,243 (17,480,348) (11,558,393) ------------ ------------ ----------- ------------ ------------ NET GAIN (LOSS) ON INVESTMENTS ... 17,862,225 176,532,815 61,193,944 20,341,320 35,941,096 ------------ ------------ ----------- ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................... $ 16,448,101 $164,480,224 $51,726,640 $ 14,520,946 $ 33,464,549 ============ ============ =========== ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A3
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------------- AST NEUBERGER AST AST LORD AST MARSICO BERMAN NEUBERGER AST AST PIMCO AST LARGE- ABBETT CAPITAL AST MFS MID-CAP BERMAN SMALL-CAP LIMITED CAP VALUE BOND-DEBENTURE GROWTH GROWTH GROWTH MID-CAP VALUE GROWTH MATURITY BOND PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO - ------------ -------------- -------------- ------------ ------------ -------------- ------------ -------------- $695,105,294 $ 582,676,194 $2,486,478,857 $440,821,348 $632,361,967 $1,194,347,979 $169,871,042 $1,352,973,165 - ------------ -------------- -------------- ------------ ------------ -------------- ------------ -------------- $695,105,294 $ 582,676,194 $2,486,478,857 $440,821,348 $632,361,967 $1,194,347,979 $169,871,042 $1,352,973,165 ============ ============== ============== ============ ============ ============== ============ ============== $695,105,294 $ 582,676,194 $2,486,478,857 $440,821,348 $632,361,967 $1,194,347,979 $169,871,042 $1,352,973,165 - ------------ -------------- -------------- ------------ ------------ -------------- ------------ -------------- $695,105,294 $ 582,676,194 $2,486,478,857 $440,821,348 $632,361,967 $1,194,347,979 $169,871,042 $1,352,973,165 ============ ============== ============== ============ ============ ============== ============ ============== 34,653,644 44,058,082 166,628,186 47,011,478 31,115,955 48,463,355 10,694,531 113,952,602 ============ ============== ============== ============ ============ ============== ============ ============== 34,479,429 49,929,408 121,588,208 46,796,321 34,330,183 61,659,678 10,564,119 121,017,278 $ 20.16 $ 11.67 $ 20.45 $ 9.42 $ 18.42 $ 19.37 $ 16.08 $ 11.18 $498,495,891 $ 558,191,710 $1,931,928,397 $319,120,959 $528,436,829 $1,069,807,196 $154,275,920 $1,338,547,608
SUBACCOUNTS (CONTINUED) - --------------------------------------------------------------------------------------------------------------- AST NEUBERGER AST AST LORD AST MARSICO BERMAN NEUBERGER AST AST PIMCO AST LARGE- ABBETT CAPITAL AST MFS MID-CAP BERMAN SMALL-CAP LIMITED CAP VALUE BOND-DEBENTURE GROWTH GROWTH GROWTH MID-CAP VALUE GROWTH MATURITY BOND PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO - ------------ -------------- ------------ ----------- ----------- ------------- ----------- ------------- $ 5,398,176 $29,175,991 $ 1,455,976 $ 0 $ 0 $ 6,537,871 $ 0 $45,211,498 - ------------ ----------- ------------ ----------- ----------- ------------- ----------- ----------- 10,238,194 10,381,869 44,204,579 7,504,298 9,983,892 20,531,071 2,662,732 25,580,235 - ------------ ----------- ------------ ----------- ----------- ------------- ----------- ----------- (4,840,018) 18,794,122 (42,748,603) (7,504,298) (9,983,892) (13,993,200) (2,662,732) 19,631,263 - ------------ ----------- ------------ ----------- ----------- ------------- ----------- ----------- 15,703,898 7,573,032 0 0 0 200,189,759 0 0 24,034,460 (4,551,585) 262,016,869 17,053,776 69,822,006 90,952,564 4,450,327 (8,175,115) 69,111,136 22,619,799 (93,062,055) 25,215,420 13,812,271 (171,640,658) 16,116,645 17,789,482 - ------------ ----------- ------------ ----------- ----------- ------------- ----------- ----------- 108,849,494 25,641,246 168,954,814 42,269,196 83,634,277 119,501,665 20,566,972 9,614,367 - ------------ ----------- ------------ ----------- ----------- ------------- ----------- ----------- $104,009,476 $44,435,368 $126,206,211 $34,764,898 $73,650,385 $ 105,508,465 $17,904,240 $29,245,630 ============ =========== ============ =========== =========== ============= =========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A4 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- AST AST AST AST T. ROWE PRICE T. ROWE PRICE AST PIMCO ALLIANCEBERNSTEIN ALLIANCEBERNSTEIN NATURAL ASSET TOTAL RETURN CORE VALUE MANAGED INDEX RESOURCES ALLOCATION BOND PORTFOLIO PORTFOLIO 500 PORTFOLIO PORTFOLIO PORTFOLIO -------------- ----------------- ----------------- ------------- ------------- ASSETS Investment in the portfolios, at value ................. $1,532,654,703 $450,429,301 $438,379,389 $377,853,157 $453,917,826 -------------- ------------ ------------ ------------ ------------ Net Assets .................. $1,532,654,703 $450,429,301 $438,379,389 $377,853,157 $453,917,826 ============== ============ ============ ============ ============ NET ASSETS, representing: Accumulation units .......... $1,532,654,703 $450,429,301 $438,379,389 $377,853,157 $453,917,826 -------------- ------------ ------------ ------------ ------------ $1,532,654,703 $450,429,301 $438,379,389 $377,853,157 $453,917,826 ============== ============ ============ ============ ============ Units outstanding ........... 106,510,754 28,555,762 31,311,242 11,346,551 23,736,273 ============== ============ ============ ============ ============ Portfolio shares held ....... 134,090,525 32,288,839 32,162,831 12,860,897 25,732,303 Portfolio net asset value per share .................... $ 11.43 $ 13.95 $ 13.63 $ 29.38 $ 17.64 Investment in portfolio shares, at cost .......... $1,559,547,220 $381,549,942 $372,364,476 $332,885,109 $389,685,256
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- AST AST AST AST T. ROWE PRICE T. ROWE PRICE AST PIMCO ALLIANCEBERNSTEIN ALLIANCEBERNSTEIN NATURAL ASSET TOTAL RETURN CORE VALUE MANAGED INDEX RESOURCES ALLOCATION BOND PORTFOLIO PORTFOLIO 500 PORTFOLIO PORTFOLIO PORTFOLIO -------------- ----------------- ----------------- ------------- ------------- INVESTMENT INCOME Dividend income ............. $ 56,119,424 $ 4,111,642 $ 4,817,040 $ 1,328,269 $ 7,522,802 ------------ ----------- ----------- ------------ ----------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ....... 23,794,813 5,723,605 6,631,888 6,258,649 6,342,852 ------------ ----------- ----------- ------------ ----------- NET INVESTMENT INCOME (LOSS) ... 32,324,611 (1,611,963) (1,814,848) (4,930,380) 1,179,950 ------------ ----------- ----------- ------------ ----------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................. 0 18,228,551 0 30,810,148 29,241,880 Realized gain (loss) on shares redeemed .......... (22,416,888) 9,563,671 24,311,918 58,241,724 (2,533,767) Net change in unrealized gain (loss) on investments .... 20,150,595 37,339,548 20,983,810 (38,064,015) 14,990,803 ------------ ----------- ----------- ------------ ----------- NET GAIN (LOSS) ON INVESTMENTS ................. (2,266,293) 65,131,770 45,295,728 50,987,857 41,698,916 ------------ ----------- ----------- ------------ ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. $ 30,058,318 $63,519,807 $43,480,880 $ 46,057,477 $42,878,866 ============ =========== =========== ============ ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A5
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------------- AST AST AST AST AST MFS AST JPMORGAN AST AST AGGRESSIVE CAPITAL BALANCED INTERNATIONAL GLOBAL INTERNATIONAL T. ROWE PRICE INTERNATIONAL ASSET GROWTH ASSET ASSET VALUE EQUITY EQUITY GLOBAL BOND GROWTH ALLOCATION ALLOCATION ALLOCATION PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO - ------------- ------------ ------------ ------------- -------------- ------------ -------------- -------------- $307,008,826 $240,811,449 $502,228,325 $452,329,904 $1,536,181,205 $338,015,197 $3,056,729,065 $2,302,446,071 ------------ ------------ ------------ ------------ -------------- ------------ -------------- -------------- $307,008,826 $240,811,449 $502,228,325 $452,329,904 $1,536,181,205 $338,015,197 $3,056,729,065 $2,302,446,071 ============ ============ ============ ============ ============== ============ ============== ============== $307,008,826 $240,811,449 $502,228,325 $452,329,904 $1,536,181,205 $338,015,197 $3,056,729,065 $2,302,446,071 ------------ ------------ ------------ ------------ -------------- ------------ -------------- -------------- $307,008,826 $240,811,449 $502,228,325 $452,329,904 $1,536,181,205 $338,015,197 $3,056,729,065 $2,302,446,071 ============ ============ ============ ============ ============== ============ ============== ============== 16,917,509 14,954,097 20,776,118 35,160,659 74,075,677 29,758,635 274,471,163 209,952,238 ============ ============ ============ ============ ============== ============ ============== ============== 16,295,585 16,493,935 20,600,013 39,095,065 92,820,617 29,189,568 268,369,540 205,392,156 $ 18.84 $ 14.60 $ 24.38 $ 11.57 $ 16.55 $ 11.58 $ 11.39 $ 11.21 $230,263,845 $206,553,807 $362,182,855 $450,228,380 $1,055,102,038 $308,480,856 $2,812,265,307 $2,132,277,296
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------- AST AST AST AST AST MFS AST JPMORGAN AST AST AGGRESSIVE CAPITAL BALANCED INTERNATIONAL GLOBAL INTERNATIONAL T. ROWE PRICE INTERNATIONAL ASSET GROWTH ASSET ASSET VALUE EQUITY EQUITY GLOBAL BOND GROWTH ALLOCATION ALLOCATION ALLOCATION PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO PORTFOLIO - ------------- ----------- ------------- ------------- ------------- ----------- ------------ ------------ $ 1,942,092 $ 882,385 $ 5,810,608 $ 7,629,627 $ 20,910,972 $ 0 $ 0 $ 0 ----------- ----------- ----------- ----------- ------------ ----------- ------------ ------------ 3,744,279 2,748,336 7,364,188 8,139,902 26,689,569 3,701,687 36,057,684 27,934,427 ----------- ----------- ----------- ----------- ------------ ----------- ------------ ------------ (1,802,187) (1,865,951) (1,553,580) (510,275) (5,778,597) (3,701,687) (36,057,684) (27,934,427) ----------- ----------- ----------- ----------- ------------ ----------- ------------ ------------ 0 14,326,966 0 4,651,359 0 0 0 0 20,568,797 13,459,335 52,492,530 (3,905,923) 183,799,140 994,409 (711,980) 1,432,365 33,662,745 9,780,085 37,732,770 19,367,994 91,107,539 29,630,043 244,855,287 170,438,653 ----------- ----------- ----------- ----------- ------------ ----------- ------------ ------------ 54,231,542 37,566,386 90,225,300 20,113,430 274,906,679 30,624,452 244,143,307 171,871,018 ----------- ----------- ----------- ----------- ------------ ----------- ------------ ------------ $52,429,355 $35,700,435 $88,671,720 $19,603,155 $269,128,082 $26,922,765 $208,085,623 $143,936,591 =========== =========== =========== =========== ============ =========== ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A6 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ----------------------------------------------------------------- AST AST CONSERVATIVE PRESERVATION ASSET ASSET EVERGREEN EVERGREEN ALLOCATION ALLOCATION DAVIS VALUE VA BALANCED VA GROWTH PORTFOLIO PORTFOLIO PORTFOLIO FUND FUND ------------ ------------ ----------- ----------- ----------- ASSETS Investment in the portfolios, at value.................. $561,803,967 $250,007,194 $13,705,564 $6,174,236 $43,826,409 ------------ ------------ ----------- ---------- ----------- Net Assets................... $561,803,967 $250,007,194 $13,705,564 $6,174,236 $43,826,409 ============ ============ =========== ========== =========== NET ASSETS, representing: Accumulation units........... $561,803,967 $250,007,194 $13,705,564 $6,174,236 $43,826,409 ------------ ------------ ----------- ---------- ----------- $561,803,967 $250,007,194 $13,705,564 $6,174,236 $43,826,409 ============ ============ =========== ========== =========== Units outstanding............ 51,724,638 23,553,542 1,082,056 590,857 3,503,745 ============ ============ =========== ========== =========== Portfolio shares held........ 50,612,970 23,042,138 940,025 407,540 2,809,385 Portfolio net asset value per share..................... $ 11.10 $ 10.85 $ 14.58 $ 15.15 $ 15.60 Investment in portfolio shares, at cost .......... $525,672,214 $237,201,177 $10,586,430 $5,446,454 $39,144,398
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS ----------------------------------------------------------------- AST AST CONSERVATIVE PRESERVATION ASSET ASSET EVERGREEN EVERGREEN ALLOCATION ALLOCATION DAVIS VALUE VA BALANCED VA GROWTH PORTFOLIO PORTFOLIO PORTFOLIO FUND FUND ------------ ------------ ----------- ----------- ----------- INVESTMENT INCOME Dividend income.............. $ 0 $ 0 $ 99,234 $156,837 $ 0 ----------- ----------- ---------- -------- ----------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration........ 6,468,078 2,639,197 170,120 90,423 747,600 ----------- ----------- ---------- -------- ----------- NET INVESTMENT INCOME (LOSS).... (6,468,078) (2,639,197) (70,886) 66,414 (747,600) ----------- ----------- ---------- -------- ----------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received.................. 0 0 0 0 2,423,286 Realized gain (loss) on shares redeemed........... 1,947,545 857,830 450,826 (36,554) 3,353,571 Net change in unrealized gain (loss) on investments..... 36,156,421 12,796,758 1,167,108 468,130 (1,672,998) ----------- ----------- ---------- -------- ----------- NET GAIN (LOSS) ON INVESTMENTS.. 38,103,966 13,654,588 1,617,934 431,576 4,103,859 ----------- ----------- ---------- -------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... $31,635,888 $11,015,391 $1,547,048 $497,990 $ 3,356,259 =========== =========== ========== ======== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A7
SUBACCOUNTS (CONTINUED) - ----------------------------------------------------------------------- EVERGREEN VA EVERGREEN VA EVERGREEN VA EVERGREEN VA INTERNATIONAL FUNDAMENTAL EVERGREEN VA SPECIAL STRATEGIC EQUITY FUND LARGE CAP FUND OMEGA FUND VALUES FUND INCOME FUND - ------------- -------------- ------------ ------------ ------------ $91,051,734 $9,482,236 $22,281,153 $8,852,093 $6,868,720 ----------- ---------- ----------- ---------- ---------- $91,051,734 $9,482,236 $22,281,153 $8,852,093 $6,868,720 =========== ========== =========== ========== ========== $91,051,734 $9,482,236 $22,281,153 $8,852,093 $6,868,720 ----------- ---------- ----------- ---------- ---------- $91,051,734 $9,482,236 $22,281,153 $8,852,093 $6,868,720 =========== ========== =========== ========== ========== 5,001,170 703,512 2,450,162 368,393 468,336 =========== ========== =========== ========== ========== 5,627,425 483,788 1,251,750 510,796 666,219 $ 16.18 $ 19.60 $ 17.80 $ 17.33 $ 10.31 $83,228,329 $7,766,126 $19,417,241 $7,812,141 $6,917,773 SUBACCOUNTS (CONTINUED) - ----------------------------------------------------------------------- EVERGREEN VA EVERGREEN VA EVERGREEN VA EVERGREEN VA INTERNATIONAL FUNDAMENTAL EVERGREEN VA SPECIAL STRATEGIC EQUITY FUND LARGE CAP FUND OMEGA FUND VALUES FUND INCOME FUND - ------------- -------------- ------------ ------------ ------------ $ 2,957,352 $114,605 $ 0 $ 64,361 $237,273 ----------- -------- ---------- ---------- -------- 1,159,520 128,908 367,065 120,092 95,600 ----------- -------- ---------- ---------- -------- 1,797,832 (14,303) (367,065) (55,731) 141,673 ----------- -------- ---------- ---------- -------- 3,992,333 151,870 0 986,910 0 7,845,472 380,652 1,018,253 456,046 100,173 (153,768) 430,298 363,971 131,595 54,419 ----------- -------- ---------- ---------- -------- 11,684,037 962,820 1,382,224 1,574,551 154,592 ----------- -------- ---------- ---------- -------- $13,481,869 $948,517 $1,015,159 $1,518,820 $296,265 =========== ======== ========== ========== ========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A8 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ---------------------- COLUMBIA COLUMBIA SMALL MONEY COMPANY MARKET GROWTH FUND VS FUND VS ---------- ---------- ASSETS Investment in the portfolios, at value ................. $2,597,272 $1,154,647 ---------- ---------- Net Assets .................. $2,597,272 $1,154,647 ========== ========== NET ASSETS, representing: Accumulation units .......... $2,597,272 $1,154,647 ---------- ---------- $2,597,272 $1,154,647 ========== ========== Units outstanding ........... 246,470 61,522 ========== ========== Portfolio shares held ....... 2,597,273 90,348 Portfolio net asset value per share .................... $ 1.00 $ 12.78 Investment in portfolio shares, at cost .......... $2,597,272 $ 720,913
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS ------------------ COLUMBIA COLUMBIA SMALL MONEY COMPANY MARKET GROWTH FUND VS FUND VS -------- -------- INVESTMENT INCOME Dividend income ............. $136,933 $ 0 -------- -------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ....... 29,820 13,420 -------- -------- NET INVESTMENT INCOME (LOSS) ... 107,113 (13,420) -------- -------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................. 0 0 Realized gain (loss) on shares redeemed .......... 0 191,550 Net change in unrealized gain (loss) on investments .... 0 (29,935) -------- -------- NET GAIN (LOSS) ON INVESTMENTS ................. 0 161,615 -------- -------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. $107,113 $148,195 ======== ========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A9
SUBACCOUNTS (CONTINUED) - ----------------------------------------------------------------------------------------- COLUMBIA GARTMORE FIRST FIRST FIRST FIRST LARGE PRUDENTIAL SP GVIT TRUST TRUST 10 TRUST TRUST CAP GROWTH INTERNATIONAL DEVELOPING THE DOW UNCOMMON ENERGY FINANCAL STOCK VS GROWTH MARKETS TARGET 10 VALUES SECTOR SERVICES - ----------- ------------- ------------ ----------- ---------- ---------- ---------- $11,755,050 $43,165,895 $323,570,554 $27,949,971 $5,731,923 $4,359,950 $3,476,198 - ----------- ----------- ------------ ----------- ---------- ---------- ---------- $11,755,050 $43,165,895 $323,570,554 $27,949,971 $5,731,923 $4,359,950 $3,476,198 =========== =========== ============ =========== ========== ========== ========== $11,755,050 $43,165,895 $323,570,554 $27,949,971 $5,731,923 $4,359,950 $3,476,198 - ----------- ----------- ------------ ----------- ---------- ---------- ---------- $11,755,050 $43,165,895 $323,570,554 $27,949,971 $5,731,923 $4,359,950 $3,476,198 =========== =========== ============ =========== ========== ========== ========== 1,028,389 3,003,554 14,181,235 2,310,852 1,128,706 148,976 192,834 =========== =========== ============ =========== ========== ========== ========== 432,489 5,200,710 20,635,877 2,646,778 1,053,662 138,411 179,185 $ 27.18 $ 8.30 $ 15.68 $ 10.56 $ 5.44 $ 31.50 $ 19.40 $10,265,329 $39,853,337 $277,009,145 $25,862,116 $5,127,636 $2,763,860 $2,209,345
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------ COLUMBIA LARGE PRUDENTIAL GARTMORE FIRST FIRST FIRST CAP SP GVIT FIRST TRUST TRUST 10 TRUST TRUST GROWTH INTERNATIONAL DEVELOPING THE DOW UNCOMMON ENERGY FINANCAL STOCK VS GROWTH MARKETS TARGET 10 VALUES SECTOR SERVICES - ---------- ------------- ----------- ----------- --------- ---------- -------- $ 46,427 $ 696,016 $ 1,720,815 $ 0 $ 0 $ 0 $ 0 - ---------- ---------- ----------- ---------- --------- ---------- -------- 129,223 617,401 4,741,176 298,508 85,887 49,420 36,314 - ---------- ---------- ----------- ---------- --------- ---------- -------- (82,796) 78,615 (3,020,361) (298,508) (85,887) (49,420) (36,314) - ---------- ---------- ----------- ---------- --------- ---------- -------- 0 2,834,880 24,511,856 0 0 0 0 292,249 3,090,899 38,701,978 1,983,148 394,365 1,061,121 263,908 901,382 (126,050) 14,192,813 2,149,270 (138,785) (514,292) 284,263 - ---------- ---------- ----------- ---------- --------- ---------- -------- 1,193,631 5,799,729 77,406,647 4,132,418 255,580 546,829 548,171 - ---------- ---------- ----------- ---------- --------- ---------- -------- $1,110,835 $5,878,344 $74,386,286 $3,833,910 $ 169,693 $ 497,409 $511,857 ========== ========== =========== ========== ========= ========== ========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A10 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ---------------------------------------------------------------- FIRST TRUST FIRST TRUST GLOBAL FIRST TRUST FIRST TRUST PHARMHEALTH FIRST TRUST DIVIDEND NASDAQ S&P SECTOR TECHNOLOGY TARGET 15 TARGET 15 TARGET 24 ----------- ----------- ------------ ----------- ----------- ASSETS Investment in the portfolios, at value.................. $2,868,198 $1,288,024 $128,825,541 $7,316,458 $16,056,366 ---------- ---------- ------------ ---------- ----------- Net Assets .................. $2,868,198 $1,288,024 $128,825,541 $7,316,458 $16,056,366 ========== ========== ============ ========== =========== NET ASSETS, representing: Accumulation units........... $2,868,198 $1,288,024 $128,825,541 $7,316,458 $16,056,366 ---------- ---------- ------------ ---------- ----------- $2,868,198 $1,288,024 $128,825,541 $7,316,458 $16,056,366 ========== ========== ============ ========== =========== Units outstanding............ 245,114 254,686 7,224,534 686,462 1,496,950 ========== ========== ============ ========== =========== Portfolio shares held........ 230,934 236,769 6,093,923 719,415 1,730,212 Portfolio net asset value per share..................... $ 12.42 $ 5.44 $ 21.14 $ 10.17 $ 9.28 Investment in portfolio shares, at cost........... $2,217,674 $ 943,951 $105,399,468 $6,653,912 $15,186,035
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS --------------------------------------------------------------- FIRST TRUST FIRST TRUST GLOBAL FIRST TRUST FIRST TRUST PHARMHEALTH FIRST TRUST DIVIDEND NASDAQ S&P SECTOR TECHNOLOGY TARGET 15 TARGET 15 TARGET 24 ----------- ----------- ----------- ----------- ----------- INVESTMENT INCOME Dividend income.............. $ 0 $ 0 $ 0 $ 0 $ 0 -------- -------- ----------- -------- --------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration........ 30,053 13,703 1,112,432 87,502 261,352 -------- -------- ----------- -------- --------- NET INVESTMENT INCOME (LOSS).... (30,053) (13,703) (1,112,432) (87,502) (261,352) -------- -------- ----------- -------- --------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received.................. 0 0 0 0 0 Realized gain (loss) on shares redeemed........... 81,707 (1,396) 2,824,074 359,256 678,407 Net change in unrealized gain (loss) on investments..... 152,819 42,161 20,443,439 193,480 (313,802) -------- -------- ----------- -------- --------- NET GAIN (LOSS) ON INVESTMENTS.. 234,526 40,765 23,267,513 552,736 364,605 -------- -------- ----------- -------- --------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... $204,473 $ 27,062 $22,155,081 $465,234 $ 103,253 ======== ======== =========== ======== =========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A11
SUBACCOUNTS (CONTINUED) - ----------------------------------------------------------------------------------------------------------- FIRST TRUST FIRST TRSUT PROFUND VP FIRST TRUST VALUE LINE DOW TARGET PROFUND VP PROFUND VP PROFUND VP PROFUND VP BASIC MANAGED VIP TARGET 25 DIVIDEND ASIA 30 BANKS BEAR BIOTECHNOLOGY MATERIALS - ------------ ----------- ------------ ------------ ----------- ----------- ------------- ----------- $203,897,808 $43,760,308 $100,921,871 $172,273,964 $13,291,218 $28,388,023 $12,289,511 $30,609,110 - ------------ ----------- ------------ ------------ ----------- ----------- ----------- ----------- $203,897,808 $43,760,308 $100,921,871 $172,273,964 $13,291,218 $28,388,023 $12,289,511 $30,609,110 ============ =========== ============ ============ =========== =========== =========== =========== $203,897,808 $43,760,308 $100,921,871 $172,273,964 $13,291,218 $28,388,023 $12,289,511 $30,609,110 - ------------ ----------- ------------ ------------ ----------- ----------- ----------- ----------- $203,897,808 $43,760,308 $100,921,871 $172,273,964 $13,291,218 $28,388,023 $12,289,511 $30,609,110 ============ =========== ============ ============ =========== =========== =========== =========== 15,281,221 3,690,582 8,908,522 8,238,599 961,152 4,204,752 1,291,025 2,130,572 ============ =========== ============ ============ =========== =========== =========== =========== 17,397,424 8,752,062 8,655,392 2,795,748 382,591 1,101,164 589,708 770,041 $ 11.72 $ 5.00 $ 11.66 $ 61.62 $ 34.74 $ 25.78 $ 20.84 $ 39.75 $176,293,382 $41,783,122 $ 92,442,771 $151,790,500 $12,956,953 $28,789,924 $12,565,477 $29,300,863
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------ FIRST TRUST FIRST TRSUT PROFUND VP FIRST TRUST VALUE LINE DOW TARGET PROFUND VP PROFUND VP PROFUND VP PROFUND VP BASIC MANAGED VIP TARGET 25 DIVIDEND ASIA 30 BANKS BEAR BIOTECHNOLOGY MATERIALS - ----------- ----------- ----------- ----------- ---------- ----------- ------------- ---------- $ 0 $ 0 $ 0 $ 397,437 $ 142,765 $ 900,130 $ 0 $ 83,629 - ----------- ----------- ----------- ----------- ---------- ----------- ----------- --------- 3,214,208 696,726 1,424,166 1,529,764 273,596 831,995 236,581 498,297 - ----------- ----------- ----------- ----------- ---------- ----------- ----------- --------- (3,214,208) (696,726) (1,424,166) (1,132,327) (130,831) 68,135 (236,581) (414,668) - ----------- ----------- ----------- ----------- ---------- ----------- ----------- --------- 0 0 0 0 0 0 0 0 11,127,745 4,454,883 1,436,917 11,950,842 1,615,941 (6,840,982) (1,139,217) 12,486 8,160,773 (3,444,443) 11,986,715 19,090,406 354,754 (65,361) 30,875 885,483 - ----------- ----------- ----------- ----------- ---------- ----------- ----------- --------- 19,288,518 1,010,440 13,423,632 31,041,248 1,970,695 (6,906,343) (1,108,342) 897,969 - ----------- ----------- ----------- ----------- ---------- ----------- ----------- --------- $16,074,310 $ 313,714 $11,999,466 $29,908,921 $1,839,864 $(6,838,208) $(1,344,923) $ 483,301 =========== =========== =========== =========== ========== =========== =========== =========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A12 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ---------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND CONSUMER CONSUMER PROFUND VP ULTRABULL VP BULL SERVICES GOODS OIL & GAS ----------- ------------ ---------- ----------- ------------ ASSETS Investment in the portfolios, at value ................. $53,893,149 $227,054,250 $6,498,547 $18,574,189 $143,519,769 ----------- ------------ ---------- ----------- ------------ Net Assets .................. $53,893,149 $227,054,250 $6,498,547 $18,574,189 $143,519,769 =========== ============ ========== =========== ============ NET ASSETS, representing: Accumulation units .......... $53,893,149 $227,054,250 $6,498,547 $18,574,189 $143,519,769 ----------- ------------ ---------- ----------- ------------ $53,893,149 $227,054,250 $6,498,547 $18,574,189 $143,519,769 =========== ============ ========== =========== ============ Units outstanding ........... 4,654,736 18,245,182 601,586 1,569,847 7,128,072 =========== ============ ========== =========== ============ Portfolio shares held ....... 2,260,619 7,468,890 202,953 554,785 2,786,251 Portfolio net asset value per share .................... $ 23.84 $ 30.40 $ 32.02 $ 33.48 $ 51.51 Investment in portfolio shares, at cost .......... $53,041,797 $223,320,581 $6,368,183 $18,010,757 $143,436,707
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS ---------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND CONSUMER CONSUMER PROFUND VP ULTRABULL VP BULL SERVICES GOODS OIL & GAS ----------- ------------ ---------- ----------- ------------ INVESTMENT INCOME Dividend income ............. $ 139,836 $ 356,220 $ 0 $ 13,509 $ 0 ----------- ------------ ---------- ----------- ------------ EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ....... 627,918 2,370,010 93,040 206,923 2,487,719 ----------- ------------ ---------- ----------- ------------ NET INVESTMENT INCOME (LOSS) ... (488,082) (2,013,790) (93,040) (193,414) (2,487,719) ----------- ------------ ---------- ----------- ------------ NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................. 2,056,721 6,981,569 0 0 12,004,097 Realized gain (loss) on shares redeemed .......... 4,958,959 10,459,900 684,732 1,183,557 6,809,884 Net change in unrealized gain (loss) on investments .... 1,292,214 3,245,814 169,135 603,230 2,711,001 ----------- ------------ ---------- ----------- ------------ NET GAIN (LOSS) ON INVESTMENTS ................. 8,307,894 20,687,283 853,867 1,786,787 21,524,982 ----------- ------------ ---------- ----------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. $ 7,819,812 $ 18,673,493 $ 760,827 $ 1,593,373 $ 19,037,263 =========== ============ ========== =========== ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A13
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------ PROFUND VP U.S. ACCESS VP PROFUND VP PROFUND VP GOVERNMENT PROFUND VP HIGH YIELD PROFUND VP PROFUND VP PROFUND VP EUROPE 30 FINANCIALS PLUS HEALTH CARE FUND INDUSTRIALS INTERNET JAPAN - ------------ ----------- ----------- ----------- ----------- ----------- ---------- ----------- $126,117,030 $44,680,815 $31,415,476 $63,921,312 $31,357,228 $9,580,709 $9,275,264 $67,826,530 - ------------ ----------- ----------- ----------- ----------- ---------- ---------- ----------- $126,117,030 $44,680,815 $31,415,476 $63,921,312 $31,357,228 $9,580,709 $9,275,264 $67,826,530 ============ =========== =========== =========== =========== ========== ========== =========== $126,117,030 $44,680,815 $31,415,476 $63,921,312 $31,357,228 $9,580,709 $9,275,264 $67,826,530 - ------------ ----------- ----------- ----------- ----------- ---------- ---------- ----------- $126,117,030 $44,680,815 $31,415,476 $63,921,312 $31,357,228 $9,580,709 $9,275,264 $67,826,530 ============ =========== =========== =========== =========== ========== ========== =========== 9,520,644 3,162,737 2,703,814 6,342,850 2,745,535 738,445 487,568 4,321,658 ============ =========== =========== =========== =========== ========== ========== =========== 3,942,389 1,099,430 1,040,248 2,168,294 1,013,813 255,827 189,446 2,373,217 $ 31.99 $ 40.64 $ 30.20 $ 29.48 $ 30.93 $ 37.45 $ 48.96 $ 28.58 $119,676,918 $42,924,182 $32,263,127 $61,227,453 $30,867,189 $9,374,771 $9,584,896 $66,995,234
SUBACCOUNTS (CONTINUED) - ----------------------------------------------------------------------------------------------------- PROFUND VP U.S. ACCESS VP PROFUND VP PROFUND VP GOVERNMENT PROFUND VP HIGH YIELD PROFUND VP PROFUND VP PROFUND VP EUROPE 30 FINANCIALS PLUS HEALTH CARE FUND INDUSTRIALS INTERNET JAPAN - ----------- ---------- ----------- ----------- ---------- ----------- ----------- ------------ $ 367,723 $ 171,666 $ 2,066,548 $ 0 $1,723,236 $ 0 $ 0 $ 615,937 - ----------- ---------- ----------- ----------- ---------- ---------- ----------- ------------ 1,478,939 556,440 924,042 713,005 403,999 258,408 167,029 1,249,422 - ----------- ---------- ----------- ----------- ---------- ---------- ----------- ------------ (1,111,216) (384,774) 1,142,506 (713,005) 1,319,237 (258,408) (167,029) (633,485) - ----------- ---------- ----------- ----------- ---------- ---------- ----------- ------------ 2,102,028 0 0 0 0 0 1,363,886 18,287,139 7,039,898 3,353,809 (1,281,442) 588,598 344,924 852,573 (1,629,737) (2,689,478) 4,950,596 1,209,156 (2,707,111) 2,510,295 712,106 196,213 (126,298) (15,705,535) - ----------- ---------- ----------- ----------- ---------- ---------- ----------- ------------ 14,092,522 4,562,965 (3,988,553) 3,098,893 1,057,030 1,048,786 (392,149) (107,874) - ----------- ---------- ----------- ----------- ---------- ---------- ----------- ------------ $12,981,306 $4,178,191 $(2,846,047) $ 2,385,888 $2,376,267 $ 790,378 $ (559,178) $ (741,359) =========== ========== =========== =========== ========== ========== =========== ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A14 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PRECIOUS MID-CAP MID-CAP PROFUND VP PROFUND VP METALS GROWTH VALUE PHARMACEUTICALS REAL ESTATE ------------ ------------ ------------ --------------- ----------- ASSETS Investment in the portfolios, at value.................. $124,745,013 $ 67,092,368 $104,430,109 $21,075,366 $69,717,021 ------------ ------------ ------------ ----------- ----------- Net Assets................... $124,745,013 $ 67,092,368 $104,430,109 $21,075,366 $69,717,021 ============ ============ ============ =========== =========== NET ASSETS, representing: Accumulation units........... $124,745,013 $ 67,092,368 $104,430,109 $21,075,366 $69,717,021 ------------ ------------ ------------ ----------- ----------- $124,745,013 $ 67,092,368 $104,430,109 $21,075,366 $69,717,021 ============ ============ ============ =========== =========== Units outstanding............ 7,735,448 5,245,813 6,923,953 2,412,795 3,041,223 ============ ============ ============ =========== =========== Portfolio shares held........ 2,848,710 1,937,966 3,217,194 834,008 1,061,950 Portfolio net asset value per share..................... $ 43.79 $ 34.62 $ 32.46 $ 25.27 $ 65.65 Investment in portfolio shares, at cost........... $122,432,980 $ 66,478,943 $102,865,715 $21,456,246 $68,753,500
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS ------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND VP PRECIOUS MID-CAP MID-CAP PROFUND VP REAL METALS GROWTH VALUE PHARMACEUTICALS ESTATE ----------- ----------- ----------- --------------- ----------- INVESTMENT INCOME Dividend income.............. $ 898,180 $ 0 $ 17,962 $ 79,636 $ 350,285 ----------- ----------- ----------- ---------- ----------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration........ 2,106,874 1,265,176 1,456,093 352,721 981,500 ----------- ----------- ----------- ---------- ----------- NET INVESTMENT INCOME (LOSS).... (1,208,694) (1,265,176) (1,438,131) (273,085) (631,215) ----------- ----------- ----------- ---------- ----------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received.................. 0 3,054,267 14,030,368 0 3,423,208 Realized gain (loss) on shares redeemed........... 12,193,224 2,754,112 (4,556,685) 1,499,730 8,427,031 Net change in unrealized gain (loss) on investments..... (9,537,818) (283,403) 970,217 (555,287) 1,937,485 ----------- ----------- ----------- ---------- ----------- NET GAIN (LOSS) ON INVESTMENTS.. 2,655,406 5,524,976 10,443,900 944,443 13,787,724 ----------- ----------- ----------- ---------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... $ 1,446,712 $ 4,259,800 $ 9,005,769 $ 671,358 $13,156,509 =========== =========== =========== ========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A15
SUBACCOUNTS (CONTINUED) - --------------------------------------------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND VP PROFUND VP PROFUND VP RISING RATES PROFUND VP PROFUND VP SMALL-CAP SHORT SHORT SHORT SMALL-CAP OPPORTUNITY OTC SEMICONDUCTOR GROWTH MID-CAP OTC SMALL-CAP VALUE - ------------ ----------- ------------- ----------- ---------- ----------- ----------- ------------ $70,970,264 $67,277,076 $5,953,235 $79,247,181 $5,103,715 $23,704,012 $12,447,786 $100,514,672 ----------- ----------- ---------- ----------- ---------- ----------- ----------- ------------ $70,970,264 $67,277,076 $5,953,235 $79,247,181 $5,103,715 $23,704,012 $12,447,786 $100,514,672 =========== =========== ========== =========== ========== =========== =========== ============ $70,970,264 $67,277,076 $5,953,235 $79,247,181 $5,103,715 $23,704,012 $12,447,786 $100,514,672 ----------- ----------- ---------- ----------- ---------- ----------- ----------- ------------ $70,970,264 $67,277,076 $5,953,235 $79,247,181 $5,103,715 $23,704,012 $12,447,786 $100,514,672 =========== =========== ========== =========== ========== =========== =========== ============ 10,313,304 7,599,738 842,301 5,414,930 616,685 4,161,359 1,564,369 6,877,715 =========== =========== ========== =========== ========== =========== =========== ============ 3,428,515 4,249,973 292,542 2,436,126 201,092 1,304,569 854,343 2,742,556 $ 20.70 $ 15.83 $ 20.35 $ 32.53 $ 25.38 $ 18.17 $ 14.57 $ 36.65 $69,817,090 $67,182,681 $6,137,666 $78,305,753 $5,072,845 $23,312,711 $12,369,425 $ 99,200,159
SUBACCOUNTS (CONTINUED) - --------------------------------------------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND VP PROFUND VP PROFUND VP RISING RATES PROFUND VP PROFUND VP SMALL-CAP SHORT SHORT SHORT SMALL-CAP OPPORTUNITY OTC SEMICONDUCTOR GROWTH MID-CAP OTC SMALL-CAP VALUE - ------------ ----------- ------------ ----------- ----------- ----------- ----------- ----------- $1,078,950 $ 0 $ 0 $ 0 $ 50,734 $ 489,399 $ 272,445 $ 0 ---------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 1,287,556 1,237,003 137,267 1,726,667 103,138 946,027 443,311 1,206,043 ---------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- (208,606) (1,237,003) (137,267) (1,726,667) (52,404) (456,628) (170,866) (1,206,043) ---------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 0 0 99,030 17,365,750 0 0 0 3,789,620 4,441,437 814,666 (1,665,247) (3,469,243) (2,071,813) (3,199,061) (4,889,151) 4,788,329 2,893,448 397,615 441,315 (857,842) 29,034 (473,315) 45,479 820,990 ---------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 7,334,885 1,212,281 (1,124,902) 13,038,665 (2,042,779) (3,672,376) (4,843,672) 9,398,939 ---------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- $7,126,279 $ (24,722) $(1,262,169) $11,311,998 $(2,095,183) $(4,129,004) $(5,014,538) $ 8,192,896 ========== =========== =========== =========== =========== =========== =========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A16 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS --------------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND VP PROFUND VP TECHNOLOGY TELECOMMUNICATIONS ULTRAMID-CAP ULTRAOTC ULTRASMALL-CAP ----------- ------------------ ------------ ------------ -------------- ASSETS Investment in the portfolios, at value ................. $14,523,954 $44,101,064 $78,716,867 $ 64,704,885 $56,994,100 ----------- ----------- ----------- ------------ ----------- Net Assets .................. $14,523,954 $44,101,064 $78,716,867 $ 64,704,885 $56,994,100 =========== =========== =========== ============ =========== NET ASSETS, representing: Accumulation units .......... $14,523,954 $44,101,064 $78,716,867 $ 64,704,885 $56,994,100 ----------- ----------- ----------- ------------ ----------- $14,523,954 $44,101,064 $78,716,867 $ 64,704,885 $56,994,100 =========== =========== =========== ============ =========== Units outstanding ........... 2,300,676 5,122,795 4,459,972 40,480,462 3,417,950 =========== =========== =========== ============ =========== Portfolio shares held ....... 982,676 2,448,699 2,361,034 3,087,065 2,103,880 Portfolio net asset value per share ................ $ 14.78 $ 18.01 $ 33.34 $ 20.96 $ 27.09 Investment in portfolio shares, at cost .......... $14,402,966 $42,109,579 $80,208,941 $ 65,712,509 $57,311,586
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS --------------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP PROFUND VP PROFUND VP TECHNOLOGY TELECOMMUNICATIONS ULTRAMID-CAP ULTRAOTC ULTRASMALL-CAP ----------- ------------------ ------------ ------------ -------------- INVESTMENT INCOME Dividend income ............. $ 0 $ 219,295 $ 0 $ 0 $ 16,534 ----------- ----------- ----------- ------------ ----------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ....... 215,221 506,475 1,316,406 937,357 817,621 ----------- ----------- ----------- ------------ ----------- NET INVESTMENT INCOME (LOSS) ... (215,221) (287,180) (1,316,406) (937,357) (801,087) ----------- ----------- ----------- ------------ ----------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................. 1,215,827 0 11,946,631 26,656,831 0 Realized gain (loss) on shares redeemed .......... (751,448) 4,414,990 (7,174,886) (30,314,358) 7,310,972 Net change in unrealized gain (loss) on investments .... 719,020 2,414,952 (124,376) 5,426,521 1,149,610 ----------- ----------- ----------- ------------ ----------- NET GAIN (LOSS) ON INVESTMENTS.. 1,183,405 6,820,942 4,647,369 1,768,994 8,460,582 ----------- ----------- ----------- ------------ ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. $ 968,184 $ 6,542,762 $ 3,330,963 $ 831,637 $ 7,659,495 =========== =========== =========== ============ ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A17
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------------- PROFUND VP PROFUND VP AIM V.I. AIM V.I. PROFUND VP LARGE-CAP LARGE-CAP RYDEX INVERSE DYNAMICS FINANCIAL UTILITIES GROWTH VALUE RYDEX NOVA RYDEX OTC S&P 500 FUND SERVICES FUND - ------------ ------------ ------------ ----------- ----------- ------------- ----------- ------------- $103,909,704 $ 75,650,121 $152,132,150 $ 7,255,497 $24,010,626 $ 736,343 $66,083,698 $75,553,307 - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- $103,909,704 $ 75,650,121 $152,132,150 $ 7,255,497 $24,010,626 $ 736,343 $66,083,698 $75,553,307 ============ ============ ============ =========== =========== ========== =========== =========== $103,909,704 $ 75,650,121 $152,132,150 $ 7,255,497 $24,010,626 $ 736,343 $66,083,698 $75,553,307 - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- $103,909,704 $ 75,650,121 $152,132,150 $ 7,255,497 $24,010,626 $ 736,343 $66,083,698 $75,553,307 ============ ============ ============ =========== =========== ========== =========== =========== 7,381,283 6,835,604 12,385,897 949,995 3,716,598 85,606 5,239,057 4,622,845 ============ ============ ============ =========== =========== ========== =========== =========== 2,982,483 2,206,830 3,800,453 719,078 1,560,145 167,732 3,853,277 4,339,650 $ 34.84 $ 34.28 $ 40.03 $ 10.09 $ 15.39 $ 4.39 $ 17.15 $ 17.41 $ 97,975,580 $ 71,981,525 $148,073,077 $ 5,075,999 $35,387,611 $1,091,647 $61,340,718 $63,453,059
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------------- PROFUND VP PROFUND VP AIM V.I. AIM V.I. PROFUND VP LARGE-CAP LARGE-CAP RYDEX INVERSE DYNAMICS FINANCIAL UTILITIES GROWTH VALUE RYDEX NOVA RYDEX OTC S&P 500 FUND SERVICES FUND - ------------ ------------ ------------ ----------- ----------- ------------- ----------- ------------- $ 1,458,457 $ 0 $ 147,931 $ 85,479 $ 0 $ 57,497 $ 0 $ 1,118,417 - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- 1,309,360 1,037,442 1,329,592 98,063 364,781 12,861 1,183,230 1,072,379 - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- 149,097 (1,037,442) (1,181,661) (12,584) (364,781) 44,636 (1,183,230) 46,038 - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- 0 888,115 1,264,432 0 0 0 0 431,961 4,195,668 3,316,938 11,576,445 316,369 (6,335,698) (135,002) 14,160,822 9,181,399 8,419,690 1,705,934 2,659,173 864,041 7,628,032 16,020 (5,944,075) (248,852) - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- 12,615,358 5,910,987 15,500,050 1,180,410 1,292,334 (118,982) 8,216,747 9,364,508 - ------------ ------------ ------------ ----------- ----------- ---------- ----------- ----------- $ 12,764,455 $ 4,873,545 $ 14,318,389 $ 1,167,826 $ 927,553 $ (74,346) $ 7,033,517 $ 9,410,546 ============ ============ ============ =========== =========== ========== =========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A18 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS ----------------------------------------------------------------------------- WELLS FARGO WELLS FARGO AIM V.I. WELLS FARGO WELLS FARGO ADVANTAGE ADVANTAGE GLOBAL AIM V.I. ADVANTAGE ADVANTAGE VT C&B VT LARGE HEALTH TECHNOLOGY VT ASSET VT EQUITY LARGE CAP COMPANY CARE FUND FUND ALLOCATION INCOME VALUE CORE ------------ ----------- ----------- ----------- ----------- ----------- ASSETS Investment in the portfolios, at value ................. $102,317,416 $62,385,894 $98,745,792 $38,998,300 $17,808,402 $21,202,351 ------------ ----------- ----------- ----------- ----------- ----------- Net Assets .................. $102,317,416 $62,385,894 $98,745,792 $38,998,300 $17,808,402 $21,202,351 ============ =========== =========== =========== =========== =========== NET ASSETS, representing: Accumulation units .......... $102,317,416 $62,385,894 $98,745,792 $38,998,300 $17,808,402 $21,202,351 ------------ ----------- ----------- ----------- ----------- ----------- $102,317,416 $62,385,894 $98,745,792 $38,998,300 $17,808,402 $21,202,351 ============ =========== =========== =========== =========== =========== Units outstanding ........... 7,589,339 10,801,420 3,848,459 2,821,977 1,591,535 1,079,378 ============ =========== =========== =========== =========== =========== Portfolio shares held ....... 4,756,737 4,449,778 6,988,379 1,974,597 1,584,378 1,359,125 Portfolio net asset value per share ................ $ 21.51 $ 14.02 $ 14.13 $ 19.75 $ 11.24 $ 15.60 Investment in portfolio shares, at cost .......... $ 85,344,071 $51,396,985 $92,474,671 $32,875,176 $12,836,906 $23,378,639
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS --------------------------------------------------------------------------- WELLS FARGO WELLS FARGO AIM V.I. WELLS FARGO WELLS FARGO ADVANTAGE ADVANTAGE GLOBAL AIM V.I. ADVANTAGE ADVANTAGE VT C&B VT LARGE HEALTH TECHNOLOGY VT ASSET VT EQUITY LARGE CAP COMPANY CARE FUND FUND ALLOCATION INCOME VALUE CORE ----------- ---------- ----------- ----------- ----------- ----------- INVESTMENT INCOME Dividend income ............. $ 0 $ 0 $ 2,414,397 $ 499,641 $ 253,171 $ 141,788 ----------- ---------- ----------- ---------- ---------- ----------- EXPENSES Charges to contract owners for assuming mortality risk and expense risk and for administration ....... 1,648,441 927,085 1,511,034 502,237 243,157 305,719 ----------- ---------- ----------- ---------- ---------- ----------- NET INVESTMENT INCOME (LOSS) ... (1,648,441) (927,085) 903,363 (2,596) 10,014 (163,931) ----------- ---------- ----------- ---------- ---------- ----------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................. 0 0 1,193,735 63,843 0 0 Realized gain (loss) on shares redeemed .......... 10,463,229 3,518,452 (1,410,178) 1,618,833 1,054,385 (4,106,694) Net change in unrealized gain (loss) on investments .... (5,351,631) 3,057,764 9,617,815 3,325,673 2,183,118 6,963,692 ----------- ---------- ----------- ---------- ---------- ----------- NET GAIN (LOSS) ON INVESTMENTS ................. 5,111,598 6,576,216 9,401,372 5,008,349 3,237,503 2,856,998 ----------- ---------- ----------- ---------- ---------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. $ 3,463,157 $5,649,131 $10,304,735 $5,005,753 $3,247,517 $ 2,693,067 =========== ========== =========== ========== ========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A19
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO WELLS AST FIRST AST FIRST WELLS FARGO ADVANTAGE WELLS FARGO FARGO WELLS FARGO TRUST TRUST CAPITAL COLUMBIA COLUMBIA ADVANTAGE VT VT LARGE ADVANTAGE ADVANTAGE ADVANTAGE BALANCED APPRECIATION AST ADVANCED HIGH HIGH INTERNATIONAL COMPANY VT MONEY VT SMALL VT TOTAL TARGET TARGET STRATEGIES YIELD YIELD CORE GROWTH MARKET CAP GROWTH RETURN BOND PORTFOLIO PORTFOLIO PORTFOLIO FUND VS FUND VS - ------------- ----------- ----------- ---------- ----------- ------------ ------------- ------------ --------- -------- $2,665,928 $10,629,247 $25,268,127 $5,302,928 $13,713,815 $459,437,976 $498,976,583 $537,412,586 $ 463,225 $ 0 ---------- ----------- ----------- ---------- ----------- ------------ ------------ ------------ --------- ----- $2,665,928 $10,629,247 $25,268,127 $5,302,928 $13,713,815 $459,437,976 $498,976,583 $537,412,586 $ 463,225 $ 0 ========== =========== =========== ========== =========== ============ ============ ============ ========= ===== $2,665,928 $10,629,247 $25,268,127 $5,302,928 $13,713,815 $459,437,976 $498,976,583 $537,412,586 $ 463,225 $ 0 ---------- ----------- ----------- ---------- ----------- ------------ ------------ ------------ --------- ----- $2,665,928 $10,629,247 $25,268,127 $5,302,928 $13,713,815 $459,437,976 $498,976,583 $537,412,586 $ 463,225 $ 0 ========== =========== =========== ========== =========== ============ ============ ============ ========= ===== 240,001 1,164,432 1,926,769 441,783 1,003,059 43,588,111 47,802,399 50,595,548 43,213 0 ========== =========== =========== ========== =========== ============ ============ ============ ========= ===== 270,104 1,108,368 25,268,125 532,422 1,399,369 42,858,020 46,984,612 49,760,425 40,211 0 $ 9.87 $ 9.59 $ 1.00 $ 9.96 $ 9.80 $ 10.72 $ 10.62 $ 10.80 $ 11.52 $0.00 $2,087,246 $ 9,276,846 $25,268,127 $3,975,465 $14,332,424 $433,768,065 $469,425,358 $507,161,967 $ 444,883 $ 0
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------------------------- WELLS FARGO WELLS AST FIRST AST FIRST WELLS FARGO ADVANTAGE WELLS FARGO FARGO WELLS FARGO TRUST TRUST CAPITAL COLUMBIA COLUMBIA ADVANTAGE VT VT LARGE ADVANTAGE ADVANTAGE ADVANTAGE BALANCED APPRECIATION AST ADVANCED HIGH HIGH INTERNATIONAL COMPANY VT MONEY VT SMALL VT TOTAL TARGET TARGET STRATEGIES YIELD YIELD CORE GROWTH MARKET CAP GROWTH RETURN BOND PORTFOLIO PORTFOLIO PORTFOLIO FUND VS FUND VS - ------------- ----------- ----------- ---------- ----------- ------------ ------------- ------------ --------- -------- $ 41,863 $ 0 $1,138,763 $ 0 $ 667,243 $ 0 $ 0 $ 0 $11,870 $ 34,224 -------- --------- ---------- ---------- --------- ----------- ----------- ----------- ------- -------- 38,264 164,276 377,432 76,334 221,437 3,177,503 3,612,451 3,845,600 3,245 1,964 -------- --------- ---------- ---------- --------- ----------- ----------- ----------- ------- -------- 3,599 (164,276) 761,331 (76,334) 445,806 (3,177,503) (3,612,451) (3,845,600) 8,625 32,260 -------- --------- ---------- ---------- --------- ----------- ----------- ----------- ------- -------- 102,448 0 0 130,376 0 0 0 0 4,037 0 304,265 (575,186) 0 (224,048) (132,080) (194,131) (612,530) 40,436 220 (5,083) 43,521 729,877 0 1,172,977 (5,224) 25,669,911 29,551,225 30,250,619 18,342 (22,127) -------- --------- ---------- ---------- --------- ----------- ----------- ----------- ------- -------- 450,234 154,691 0 1,079,305 (137,304) 25,475,780 28,938,695 30,291,055 22,599 (27,210) -------- --------- ---------- ---------- --------- ----------- ----------- ----------- ------- -------- $453,833 $ (9,585) $ 761,331 $1,002,971 $ 308,502 $22,298,277 $25,326,244 $26,445,455 $31,224 $ 5,050 ======== ========= ========== ========== ========= =========== =========== =========== ======= ========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A20 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF NET ASSETS December 31, 2006 Unaudited
SUBACCOUNTS --------------------------------- COLUMBIA ASSET COLUMBIA FEDERAL ALLOCATION VS SECURITIES VS -------------- ---------------- ASSETS Investment in the portfolios, at value ................. $12,860,981 $2,016,390 Receivable from American Skandia Life Assurance Corporation ......................................... 763,241 385,257 ----------- ---------- Total Assets ........................................... 13,624,222 2,401,647 LIABILITIES Payable to former unitholders .......................... 467,438 285,849 ----------- ---------- NET ASSETS Attributable to accumulation units ..................... $13,156,784 $2,115,798 =========== ========== Units outstanding ...................................... 861,185 194,823 =========== ========== Portfolio shares held .................................. 812,957 192,404 Portfolio net asset value per share .................... $ 15.82 $ 10.48 Investment in portfolio shares, at cost ................ $ 9,684,515 $2,095,424
STATEMENT OF OPERATIONS For the period ended December 31, 2006 Unaudited
SUBACCOUNTS --------------------------------- COLUMBIA ASSET COLUMBIA FEDERAL ALLOCATION VS SECURITIES VS -------------- ---------------- INVESTMENT INCOME Dividend income ........................................ $ 361,047 $151,995 EXPENSES Charges to the Contract owners for assuming mortality risk and expense risk and for administration ........ 139,779 25,598 ---------- -------- NET INVESTMENT INCOME (LOSS) .............................. 221,268 126,397 ---------- -------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Capital gains distributions received ................... 785,932 0 Realized gain (loss) on shares redeemed ................ 964,540 (45,189) Net change in unrealized gain (loss) on investments .... (505,816) (4,842) ---------- -------- NET GAIN (LOSS) ON INVESTMENTS ............................ 1,244,656 (50,031) ---------- -------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .............................. $1,465,924 $ 76,366 ========== ========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A21 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ------------------------------------------------------------- AST ALLIANCEBERNSTEIN GROWTH AST T. ROWE PRICE LARGE-CAP & INCOME PORTFOLIO GROWTH PORTFOLIO ------------------------------- --------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 -------------- -------------- ------------ ------------ OPERATIONS Net investment income (loss).................... $ (16,181,954) $ (14,006,489) $ (4,371,904) $ (2,945,761) Capital gains distributions received.................. 0 0 0 0 Realized gain (loss) on shares redeemed........... 200,478,461 (3,299,273) 17,561,796 11,280,036 Net change in unrealized gain (loss) on investments..... 140,289,258 99,118,533 (1,423,663) 18,566,883 -------------- -------------- ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... 324,585,765 81,812,771 11,766,229 26,901,158 -------------- -------------- ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments.. 72,467,757 719,009,542 78,480,816 9,294,145 Surrenders, withdrawals and death benefits............ (260,393,296) (241,526,997) (32,763,238) (31,387,347) Net transfers between other subaccounts or fixed rate option.................... (610,591,030) 49,590,154 6,443,025 38,455,952 Withdrawal and other charges................... (1,539,243) (1,533,317) (183,373) (181,011) -------------- -------------- ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS.. (800,055,812) 525,539,382 51,977,230 16,181,739 -------------- -------------- ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS....................... (475,470,047) 607,352,153 63,743,459 43,082,897 NET ASSETS Beginning of period.......... 2,733,461,445 2,126,109,292 248,066,482 204,983,585 -------------- -------------- ------------ ------------ End of period................ $2,257,991,398 $2,733,461,445 $311,809,941 $248,066,482 ============== ============== ============ ============ Beginning units.............. 167,796,720 111,668,550 18,693,659 17,249,071 -------------- -------------- ------------ ------------ Units issued................. 48,015,062 134,350,814 22,925,833 11,356,800 Units redeemed............... (95,870,394) (78,222,644) (16,001,703) (9,912,212) -------------- -------------- ------------ ------------ Ending units................. 119,941,388 167,796,720 25,617,789 18,693,659 ============== ============== ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A22
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------- AST AMERICAN CENTURY INCOME AST AMERICAN CENTURY & GROWTH PORTFOLIO STRATEGIC BALANCED PORTFOLIO AST MONEY MARKET PORTFOLIO - --------------------------- ---------------------------- --------------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------ ------------ ------------ --------------- --------------- $ 1,113,509 $ 1,034,780 $ 943,753 $ 410,067 $ 56,250,272 $ 22,174,543 0 0 4,489,838 0 0 0 28,841,039 24,760,461 11,836,286 7,128,261 0 0 20,219,074 (14,591,775) (3,872,371) (1,479,247) 0 0 - ------------ ------------ ------------ ------------ --------------- --------------- 50,173,622 11,203,466 13,397,506 6,059,081 56,250,272 22,174,543 - ------------ ------------ ------------ ------------ --------------- --------------- 11,098,124 17,276,914 8,805,872 9,164,929 638,642,435 754,392,878 (52,544,977) (52,735,281) (31,390,146) (31,725,155) (863,310,055) (843,419,526) (18,286,628) (37,956,891) (21,741,949) (9,924,492) 161,633,520 338,087,230 (307,511) (345,851) (129,391) (149,744) (1,201,239) (1,197,000) - ------------ ------------ ------------ ------------ --------------- --------------- (60,040,992) (73,761,109) (44,455,614) (32,634,462) (64,235,339) 247,863,582 - ------------ ------------ ------------ ------------ --------------- --------------- (9,867,370) (62,557,643) (31,058,108) (26,575,381) (7,985,067) 270,038,125 382,330,974 444,888,617 199,851,506 226,426,887 1,610,700,235 1,340,662,110 - ------------ ------------ ------------ ------------ --------------- --------------- $372,463,604 $382,330,974 $168,793,398 $199,851,506 $ 1,602,715,168 $ 1,610,700,235 ============ ============ ============ ============ =============== =============== 27,143,236 32,369,257 13,906,692 15,965,075 139,358,491 113,670,469 - ------------ ------------ ------------ ------------ --------------- --------------- 6,764,829 7,855,320 3,615,205 5,049,767 1,054,255,094 1,391,411,926 (10,774,998) (13,081,341) (6,448,213) (7,108,150) (1,056,011,313) (1,365,723,904) - ------------ ------------ ------------ ------------ --------------- --------------- 23,133,067 27,143,236 11,073,684 13,906,692 137,602,272 139,358,491 ============ ============ ============ ============ =============== ===============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A23 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- AST COHEN & STEERS AST GLOBAL AST DEAM LARGE-CAP REALTY PORTFOLIO ALLOCATION PORTFOLIO VALUE PORFOLIO -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ------------ ------------ OPERATIONS Net investment income (loss).................... $ (1,004,035) $ (161,521) $ 2,432,160 $ 4,277,730 $ (1,602,179) $ (1,026,199) Capital gains distributions received.................. 60,422,848 28,912,256 0 0 18,920,075 0 Realized gain (loss) on shares redeemed........... 34,735,414 49,081,661 980,470 (5,698,716) 9,805,114 7,629,750 Net change in unrealized gain (loss) on investments..... 39,522,547 (33,851,902) 13,141,544 12,065,574 13,676,224 4,627,535 ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... 133,676,774 43,980,494 16,554,174 10,644,588 40,799,234 11,231,086 ------------ ------------ ------------ ------------ ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments.. 31,805,661 33,315,080 6,213,317 7,348,919 23,259,948 19,186,579 Surrenders, withdrawals and death benefits............ (59,117,248) (45,064,708) (31,220,838) (33,035,402) (26,319,847) (16,132,933) Net transfers between other subaccounts or fixed rate option.................... 27,874,779 (49,932,581) (9,864,015) (14,049,045) 119,981,532 19,062,325 Withdrawal and other charges (273,604) (248,684) (144,530) (170,675) (133,610) (106,273) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS.. 289,588 (61,930,893) (35,016,066) (39,906,203) 116,788,023 22,009,698 ------------ ------------ ------------ ------------ ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS....................... 133,966,362 (17,950,399) (18,461,892) (29,261,615) 157,587,257 33,240,784 NET ASSETS Beginning of period.......... 399,859,113 417,809,512 198,585,199 227,846,814 168,747,170 135,506,386 ------------ ------------ ------------ ------------ ------------ ------------ End of period................ $533,825,475 $399,859,113 $180,123,307 $198,585,199 $326,334,427 $168,747,170 ============ ============ ============ ============ ============ ============ Beginning units.............. 18,373,743 21,624,495 10,921,390 12,928,065 12,951,926 11,312,277 ------------ ------------ ------------ ------------ ------------ ------------ Units issued................. 12,127,342 12,173,343 2,198,703 2,502,187 17,771,303 9,206,629 Units redeemed............... (12,209,162) (15,424,095) (3,833,115) (4,508,862) (10,084,986) (7,566,980) ------------ ------------ ------------ ------------ ------------ ------------ Ending units................. 18,291,923 18,373,743 9,286,978 10,921,390 20,638,243 12,951,926 ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A24
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------- AST DEAM SMALL-CAP AST DEAM SMALL-CAP AST FEDERATED AGGRESSIVE GROWTH PORFOLIO VALUE PORFOLIO AST HIGH YIELD PORTFOLIO GROWTH PORTFOLIO - -------------------------- -------------------------- --------------------------- --------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ $ (3,427,658) $ (3,901,249) $ (1,443,921) $ (1,594,787) $ 40,888,100 $ 39,653,627 $ (8,885,385) $ (7,339,363) 0 0 6,570,928 8,913,649 0 0 15,277,767 29,383,220 30,652,148 27,654,428 3,472,631 2,819,457 (24,419,950) (32,215,860) 35,408,830 10,795,726 (14,654,965) (30,326,565) 9,155,835 (11,591,426) 27,574,932 (10,199,371) 10,141,868 5,252,587 - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ 12,569,525 (6,573,386) 17,755,473 (1,453,107) 44,043,082 (2,761,604) 51,943,080 38,092,170 - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ 6,079,677 8,379,853 10,331,432 18,631,750 20,666,739 41,364,469 43,134,381 164,122,394 (39,230,876) (44,158,720) (10,990,621) (10,955,892) (85,722,235) (80,692,393) (37,787,182) (28,751,733) (24,080,643) (36,712,414) (8,512,466) (5,613,869) (22,338,500) (179,996,552) (102,944,252) 11,946,974 (182,454) (212,158) (68,669) (62,795) (297,617) (349,010) (288,959) (238,041) - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ (57,414,296) (72,703,439) (9,240,324) 1,999,194 (87,691,613) (219,673,486) (97,886,012) 147,079,594 - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ (44,844,771) (79,276,825) 8,515,149 546,087 (43,648,531) (222,435,090) (45,942,932) 185,171,764 249,998,214 329,275,039 107,011,728 106,465,641 576,164,976 798,600,066 531,526,101 346,354,336 - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ $205,153,443 $249,998,214 $115,526,877 $107,011,728 $532,516,445 $ 576,164,976 $ 485,583,169 $531,526,101 ============ ============ ============ ============ ============ ============= ============= ============ 25,315,162 33,205,933 7,609,139 7,655,375 39,066,844 53,426,855 36,135,866 24,666,221 - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ 5,488,644 4,319,995 4,729,371 8,057,149 30,713,191 48,530,350 19,688,730 33,195,577 (11,353,064) (12,210,766) (5,432,858) (8,103,385) (36,018,859) (62,890,361) (26,237,554) (21,725,932) - ------------ ------------ ------------ ------------ ------------ ------------- ------------- ------------ 19,450,742 25,315,162 6,905,652 7,609,139 33,761,176 39,066,844 29,587,042 36,135,866 ============ ============ ============ ============ ============ ============= ============= ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A25 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------------- AST GOLDMAN SACHS AST MID-CAP AST SMALL-CAP CONCENTRATED VALUE PORTFOLIO VALUE PORTFOLIO GROWTH PORTFOLIO -------------------------- ------------------------------ ---------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ -------------- -------------- ------------- ------------- OPERATIONS Net investment income (loss) ................... $ (1,414,124) $ (1,888,754) $ (12,052,591) $ (14,952,278) $ (9,467,304) $ (6,978,058) Capital gains distributions received ................. 24,113,938 0 49,106,520 210,066,100 0 0 Realized gain (loss) on shares redeemed .......... 9,068,100 14,910,459 75,487,984 25,154,647 2,233,701 (23,466,567) Net change in unrealized gain (loss) on investments .... (15,319,813) (6,977,168) 51,938,311 (173,554,505) 58,960,243 36,074,028 ------------ ------------ -------------- -------------- ------------- ------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 16,448,101 6,044,537 164,480,224 46,713,964 51,726,640 5,629,403 ------------ ------------ -------------- -------------- ------------- ------------- CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 4,978,659 11,336,884 61,812,652 214,784,155 8,795,662 13,237,829 Surrenders, withdrawals and death benefits ........... (21,521,588) (19,992,919) (103,871,205) (95,131,844) (122,540,564) (135,240,066) Net transfers between other subaccounts or fixed rate option ................... (12,451,009) (32,163,887) (204,126,557) (36,454,758) (47,614,579) (95,991,436) Withdrawal and other charges .................. (107,008) (130,469) (614,763) (613,002) (629,260) (765,194) ------------ ------------ -------------- -------------- ------------- ------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS . (29,100,946) (40,950,391) (246,799,873) 82,584,551 (161,988,741) (218,758,867) ------------ ------------ -------------- -------------- ------------- ------------- TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (12,652,845) (34,905,854) (82,319,649) 129,298,515 (110,262,101) (213,129,464) NET ASSETS Beginning of period ......... 156,574,875 191,480,729 1,038,873,425 909,574,910 728,589,135 941,718,599 ------------ ------------ -------------- -------------- ------------- ------------- End of period ............... $143,922,030 $156,574,875 $ 956,553,776 $1,038,873,425 $ 618,327,034 $ 728,589,135 ============ ============ ============== ============== ============= ============= Beginning units ............. 12,416,153 15,879,105 60,672,388 53,183,535 33,370,561 42,899,031 ------------ ------------ -------------- -------------- ------------- ------------- Units issued ................ 3,653,302 5,262,446 21,103,354 40,596,261 4,746,190 4,742,100 Units redeemed .............. (6,009,771) (8,725,398) (34,181,344) (33,107,408) (11,042,701) (14,270,570) ------------ ------------ -------------- -------------- ------------- ------------- Ending units ................ 10,059,684 12,416,153 47,594,398 60,672,388 27,074,050 33,370,561 ============ ============ ============== ============== ============= =============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A26
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------- AST GOLDMAN SACHS AST GOLDMAN SACHS AST LARGE-CAP AST LORD ABBETT MID-CAP GROWTH PORTFOLIO SMALL-CAP VALUE PORTFOLIO VALUE PORTFOLIO BOND-DEBENTURE PORTFOLIO - -------------------------- -------------------------- --------------------------- --------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ $ (5,820,374) $ (5,643,591) $ (2,476,547) $ (2,896,735) $ (4,840,018) $ (3,751,419) $ 18,794,122 $ 10,548,741 0 0 40,861,131 49,411,354 15,703,898 0 7,573,032 5,394,887 37,821,668 9,231,335 6,638,358 12,222,162 24,034,460 9,529,009 (4,551,585) 2,244,305 (17,480,348) 8,773,510 (11,558,393) (51,735,363) 69,111,136 25,054,138 22,619,799 (18,217,889) - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ 14,520,946 12,361,254 33,464,549 7,001,418 104,009,476 30,831,728 44,435,368 (29,956) - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ 16,661,910 112,241,860 886,002 2,890,633 90,802,172 57,908,512 24,146,633 194,479,651 (25,906,242) (23,444,033) (38,038,229) (34,666,487) (100,802,220) (94,538,785) (59,868,207) (47,594,685) (86,761,342) 14,181,883 (28,704,675) (40,099,722) (58,492,297) 44,876,307 (88,472,891) 86,124,359 (220,119) (202,205) (166,133) (205,366) (408,685) (423,251) (341,997) (323,842) - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ (96,225,793) 102,777,505 (66,023,035) (72,080,942) (68,901,030) 7,822,783 (124,536,462) 232,685,483 - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ (81,704,847) 115,138,759 (32,558,486) (65,079,524) 35,108,446 38,654,511 (80,101,094) 232,655,527 388,958,201 273,819,442 248,951,061 314,030,585 659,996,848 621,342,337 662,777,288 430,121,761 - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ $307,253,354 $388,958,201 $216,392,575 $248,951,061 $ 695,105,294 $659,996,848 $ 582,676,194 $662,777,288 ============ ============ ============ ============ ============= ============ ============= ============ 52,067,714 38,744,379 11,096,171 14,436,484 34,769,059 31,863,491 54,113,090 34,380,893 - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ 14,009,387 38,538,716 864,432 1,755,178 19,723,298 23,905,220 24,890,491 59,396,399 (27,612,771) (25,215,381) (3,587,168) (5,095,491) (19,838,713) (20,999,652) (34,945,499) (39,664,202) - ------------ ------------ ------------ ------------ ------------- ------------ ------------- ------------ 38,464,330 52,067,714 8,373,435 11,096,171 34,653,644 34,769,059 44,058,082 54,113,090 ============ ============ ============ ============ ============= ============ ============= ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A27 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------------- AST MARSICO CAPITAL AST NEUBERGER BERMAN GROWTH PORTFOLIO AST MFS GROWTH PORTFOLIO MID-CAP GROWTH PORTFOLIO ------------------------------ --------------------------- --------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 -------------- -------------- ------------- ------------ ------------- ------------ OPERATIONS Net investment income (loss) ................... $ (42,748,603) $ (42,392,244) $ (7,504,298) $ (8,008,430) $ (9,983,892) $ (5,708,237) Capital gains distributions received ................. 0 0 0 0 0 0 Realized gain (loss) on shares redeemed .......... 262,016,869 42,394,621 17,053,776 (115,544) 69,822,006 39,893,052 Net change in unrealized gain (loss) on investments .... (93,062,055) 148,297,655 25,215,420 32,685,828 13,812,271 544,952 -------------- -------------- ------------- ------------ ------------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 126,206,211 148,300,032 34,764,898 24,561,854 73,650,385 34,729,767 -------------- -------------- ------------- ------------ ------------- ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 173,793,008 733,858,202 22,856,978 76,093,830 26,627,565 26,172,947 Surrenders, withdrawals and death benefits ........... (265,019,710) (230,332,400) (76,246,045) (74,962,309) (100,094,041) (49,447,967) Net transfers between other subaccounts or fixed rate option ................... (491,191,220) 18,209,870 (89,715,806) (5,171,231) (64,493,038) 294,845,441 Withdrawal and other charges .................. (1,633,360) (1,617,603) (351,539) (408,656) (526,886) (304,450) -------------- -------------- ------------- ------------ ------------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (584,051,282) 520,118,069 (143,456,412) (4,448,366) (138,486,400) 271,265,971 -------------- -------------- ------------- ------------ ------------- ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (457,845,071) 668,418,101 (108,691,514) 20,113,488 (64,836,015) 305,995,738 NET ASSETS Beginning of period ......... 2,944,323,928 2,275,905,827 549,512,862 529,399,374 697,197,982 391,202,244 -------------- -------------- ------------- ------------ ------------- ------------ End of period ............... $2,486,478,857 $2,944,323,928 $ 440,821,348 $549,512,862 $ 632,361,967 $697,197,982 ============== ============== ============= ============ ============= ============ Beginning units ............. 206,075,734 153,173,872 63,684,303 66,403,925 37,762,308 24,054,656 -------------- -------------- ------------- ------------ ------------- ------------ Units issued ................ 71,907,548 152,413,238 9,362,958 23,769,668 14,754,712 29,223,233 Units redeemed .............. (111,355,096) (99,511,376) (26,035,783) (26,489,290) (21,401,065) (15,515,581) -------------- -------------- ------------- ------------ ------------- ------------ Ending units ................ 166,628,186 206,075,734 47,011,478 63,684,303 31,115,955 37,762,308 ============== ============== ============= ============ ============= ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A28
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------------------- AST NEUBERGER BERMAN AST SMALL-CAP AST PIMCO LIMITED AST PIMCO TOTAL MID-CAP VALUE PORTFOLIO GROWTH PORTFOLIO MATURITY BOND PORTFOLIO RETURN BOND PORTFOLIO - ------------------------------ -------------------------- ------------------------------ ------------------------------ 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- $ (13,993,200) $ (19,177,186) $ (2,662,732) $ (2,771,345) $ 19,631,263 $ (7,353,865) $ 32,324,611 $ 36,529,100 200,189,759 183,956,720 0 0 0 7,424,733 0 54,499,639 90,952,564 32,776,158 4,450,327 3,667,594 (8,175,115) (3,436,120) (22,416,888) 9,793,150 (171,640,658) (63,552,881) 16,116,645 (2,299,266) 17,789,482 3,861,120 20,150,595 (86,919,792) - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- 105,508,465 134,002,811 17,904,240 (1,403,017) 29,245,630 495,868 30,058,318 13,902,097 - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- 48,399,430 197,192,381 16,719,431 9,666,536 120,944,150 477,365,170 147,779,897 162,860,165 (168,794,587) (157,081,064) (28,232,094) (28,951,869) (163,831,780) (164,854,535) (222,898,900) (222,249,461) (236,782,327) (20,065,534) (18,581,335) (18,388,439) (306,027,713) 133,971,912 (28,633,961) (541,822,114) (814,066) (855,933) (141,864) (164,371) (792,147) (805,511) (929,242) (1,051,762) - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- (357,991,550) 19,189,850 (30,235,862) (37,838,143) (349,707,490) 445,677,036 (104,682,206) (602,263,172) - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- (252,483,085) 153,192,661 (12,331,622) (39,241,160) (320,461,860) 446,172,904 (74,623,888) (588,361,075) 1,446,831,064 1,293,638,403 182,202,664 221,443,824 1,673,435,025 1,227,262,121 1,607,278,591 2,195,639,666 - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- $1,194,347,979 $1,446,831,064 $169,871,042 $182,202,664 $1,352,973,165 $1,673,435,025 $1,532,654,703 $1,607,278,591 ============== ============== ============ ============ ============== ============== ============== ============== 63,124,177 57,066,120 12,336,754 14,656,495 142,947,781 98,739,357 109,302,587 153,052,987 - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- 20,947,586 41,067,845 5,415,764 5,825,337 54,578,286 115,692,825 55,051,257 59,551,860 (35,608,408) (35,009,788) (7,057,987) (8,145,078) (83,573,465) (71,484,401) (57,843,090) (103,302,260) - -------------- -------------- ------------ ------------ -------------- -------------- -------------- -------------- 48,463,355 63,124,177 10,694,531 12,336,754 113,952,602 142,947,781 106,510,754 109,302,587 ============== ============== ============ ============ ============== ============== ============== ==============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A29 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- AST ALLIANCEBERNSTEIN AST ALLIANCEBERNSTEIN MANAGED INDEX AST T. ROWE PRICE NATURAL CORE VALUE PORTFOLIO 500 PORTFOLIO RESOURCES PORTFOLIO -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ------------ ------------ OPERATIONS Net investment income (loss) ................... $ (1,611,963) $ (1,029,690) $ (1,814,848) $ (557,149) $ (4,930,380) $ (3,924,463) Capital gains distributions received ................. 18,228,551 6,812,721 0 0 30,810,148 20,622,862 Realized gain (loss) on shares redeemed .......... 9,563,671 14,696,793 24,311,918 42,272,459 58,241,724 34,829,184 Net change in unrealized gain (loss) on investments .... 37,339,548 (10,378,742) 20,983,810 (36,272,200) (38,064,015) 23,337,248 ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 63,519,807 10,101,082 43,480,880 5,443,110 46,057,477 74,864,831 ------------ ------------ ------------ ------------ ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 87,462,533 37,758,019 25,808,202 21,595,876 41,668,675 34,066,616 Surrenders, withdrawals and death benefits ........... (33,989,236) (25,848,180) (72,179,564) (63,529,176) (47,152,264) (36,417,138) Net transfers between other subaccounts or fixed rate option ................... 53,527,793 (27,441,587) (49,574,524) (16,643,295) (43,396,410) 72,966,857 Withdrawal and other charges .................. (174,607) (176,416) (334,276) (359,655) (255,301) (199,739) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ 106,826,483 (15,708,164) (96,280,162) (58,936,250) (49,135,300) 70,416,596 ------------ ------------ ------------ ------------ ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... 170,346,290 (5,607,082) (52,799,282) (53,493,140) (3,077,823) 145,281,427 NET ASSETS Beginning of period ......... 280,083,011 285,690,093 491,178,671 544,671,811 380,930,980 235,649,553 ------------ ------------ ------------ ------------ ------------ ------------ End of period ............... $450,429,301 $280,083,011 $438,379,389 $491,178,671 $377,853,157 $380,930,980 ============ ============ ============ ============ ============ ============ Beginning units ............. 21,260,157 22,498,194 38,737,867 43,544,187 12,695,727 9,328,133 ------------ ------------ ------------ ------------ ------------ ------------ Units issued ................ 21,053,152 12,498,968 9,807,903 21,469,299 11,909,653 14,117,708 Units redeemed .............. (13,757,547) (13,737,005) (17,234,528) (26,275,619) (13,258,829) (10,750,114) ------------ ------------ ------------ ------------ ------------ ------------ Ending units ................ 28,555,762 21,260,157 31,311,242 38,737,867 11,346,551 12,695,727 ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A30
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------- AST JPMORGAN AST T. ROWE PRICE ASSET AST INTERNATIONAL AST MFS GLOBAL INTERNATIONAL ALLOCATION PORTFOLIO VALUE PORTFOLIO EQUITY PORTFOLIO EQUITY PORTFOLIO - -------------------------- -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ $ 1,179,950 $ 1,584,998 $ (1,802,187) $ 28,488 $ (1,865,951) $ (2,099,815) $ (1,553,580) $ (1,833,384) 29,241,880 3,367,775 0 0 14,326,966 0 0 0 (2,533,767) (4,789,737) 20,568,797 20,867,926 13,459,335 20,824,668 52,492,530 26,136,250 14,990,803 13,044,523 33,662,745 (812,135) 9,780,085 (9,541,217) 37,732,770 14,921,322 - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ 42,878,866 13,207,559 52,429,355 20,084,279 35,700,435 9,183,636 88,671,720 39,224,188 - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ 31,960,127 29,316,272 49,513,230 20,648,811 9,559,875 12,803,407 18,359,088 43,906,284 (65,693,748) (61,276,892) (27,147,948) (20,561,502) (21,198,074) (15,661,617) (60,152,203) (51,560,221) 23,307,943 17,969,579 44,740,207 (5,666,417) 67,955,379 (22,056,714) (5,004,501) 55,577,635 (286,973) (285,665) (141,497) (122,921) (112,789) (110,544) (304,673) (284,979) - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ (10,712,651) (14,276,706) 66,963,992 (5,702,029) 56,204,391 (25,025,468) (47,102,289) 47,638,719 - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ 32,166,215 (1,069,147) 119,393,347 14,382,250 91,904,826 (15,841,832) 41,569,431 86,862,907 421,751,611 422,820,758 187,615,479 173,233,229 148,906,623 164,748,455 460,658,894 373,795,987 - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ $453,917,826 $421,751,611 $307,008,826 $187,615,479 $240,811,449 $148,906,623 $502,228,325 $460,658,894 ============ ============ ============ ============ ============ ============ ============ ============ 22,882,365 22,590,070 12,494,641 12,659,807 11,542,613 13,547,904 22,661,386 17,053,738 - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ 12,361,101 10,823,022 14,140,436 10,498,575 11,914,212 9,490,768 13,807,158 18,006,814 (11,507,193) (10,530,727) (9,717,568) (10,663,741) (8,502,728) (11,496,059) (15,692,426) (12,399,166) - ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ 23,736,273 22,882,365 16,917,509 12,494,641 14,954,097 11,542,613 20,776,118 22,661,386 ============ ============ ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A31 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------- AST T. ROWE PRICE AST INTERNATIONAL GLOBAL BOND PORTFOLIO GROWTH PORTFOLIO -------------------------- ------------------------------ 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ -------------- -------------- OPERATIONS Net investment income (loss) ................... $ (510,275) $ 6,556,726 $ (5,778,597) $ (9,716,164) Capital gains distributions received ................. 4,651,359 513,747 0 0 Realized gain (loss) on shares redeemed .......... (3,905,923) 316,640 183,799,140 68,489,295 Net change in unrealized gain (loss) on investments .... 19,367,994 (34,166,441) 91,107,539 163,574,304 ------------ ------------ -------------- -------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 19,603,155 (26,779,328) 269,128,082 222,347,435 ------------ ------------ -------------- -------------- CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 23,989,815 164,671,798 90,616,430 403,832,535 Surrenders, withdrawals and death benefits ........... (41,147,237) (36,736,893) (178,084,311) (144,059,094) Net transfers between other subaccounts or fixed rate option ................... (64,697,733) 53,342,021 (354,328,822) (97,757,982) Withdrawal and other charges .................. (248,462) (216,706) (971,074) (871,119) ------------ ------------ -------------- -------------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (82,103,617) 181,060,220 (442,767,777) 161,144,340 ------------ ------------ -------------- -------------- TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (62,500,462) 154,280,892 (173,639,695) 383,491,775 NET ASSETS Beginning of period ......... 514,830,366 360,549,474 1,709,820,900 1,326,329,125 ------------ ------------ -------------- -------------- End of period ............... $452,329,904 $514,830,366 $1,536,181,205 $1,709,820,900 ============ ============ ============== ============== Beginning units ............. 41,855,611 26,801,980 98,133,364 85,370,725 ------------ ------------ -------------- -------------- Units issued ................ 21,412,879 35,517,378 34,052,827 70,204,887 Units redeemed .............. (28,107,831) (20,463,747) (58,110,514) (57,442,248) ------------ ------------ -------------- -------------- Ending units ................ 35,160,659 41,855,611 74,075,677 98,133,364 ============ ============ ============== ==============
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A32
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------------------------- AST AGGRESSIVE ASSET AST CAPITAL GROWTH AST BALANCED ASSET AST CONSERVATIVE ASSET AST PRESERVATION ASSET ALLOCATION PORTFOLIO ASSET ALLOCATION PORTFOLIO ALLOCATION PORTFOLIO ALLOCATION PORTFOLIO ALLOCATION PORTFOLIO - ------------------------ --------------------------- --------------------------- ------------------------ ------------------------ 01/01/2006 12/5/2005* 01/01/2006 12/5/2005* 01/01/2006 12/5/2005* 01/01/2006 12/5/2005* 01/01/2006 12/5/2005* TO TO TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- $ (3,701,687)$ (19,164)$ (36,057,684)$ (136,368)$ (27,934,427)$ (116,987)$ (6,468,078)$ (24,701)$ (2,639,197)$ (7,280) 0 0 0 0 0 0 0 0 0 0 994,409 15,424 (711,980) 0 1,432,365 0 1,947,545 0 857,830 0 29,630,043 (95,702) 244,855,287 (391,529) 170,438,653 (269,878) 36,156,421 (24,668) 12,796,758 9,259 - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- 26,922,765 (99,442) 208,085,623 (527,897) 143,936,591 (386,865) 31,635,888 (49,369) 11,015,391 1,979 - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- 127,376,546 4,472,210 1,700,743,711 40,984,661 1,269,277,796 38,923,010 299,523,900 6,831,254 129,076,642 3,307,897 (9,193,916) (51,785) (70,134,881) (433,707) (73,710,326) (192,223) (23,854,174) (30,442) (10,684,516) (6,340) 158,929,497 29,766,818 999,815,222 178,636,304 772,649,199 152,317,182 212,951,392 34,915,532 109,499,246 7,852,861 (103,726) (3,770) (438,025) (1,946) (366,297) (1,996) (118,196) (1,818) (55,863) (103) - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- 277,008,401 34,183,473 2,629,986,027 219,185,312 1,967,850,372 191,045,973 488,502,922 41,714,526 227,835,509 11,154,315 - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- 303,931,166 34,084,031 2,838,071,650 218,657,415 2,111,786,963 190,659,108 520,138,810 41,665,157 238,850,900 11,156,294 34,084,031 0 218,657,415 0 190,659,108 0 41,665,157 0 11,156,294 0 - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- $338,015,197 $34,084,031 $3,056,729,065 $218,657,415 $2,302,446,071 $190,659,108 $561,803,967 $41,665,157 $250,007,194 $11,156,294 ============ =========== ============== ============ ============== ============ ============ =========== ============ =========== 3,409,311 0 21,855,191 0 19,037,082 0 4,156,115 0 1,111,640 0 - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- 46,147,821 3,894,741 382,158,761 23,568,342 279,070,825 20,701,204 77,180,222 4,450,695 44,533,338 1,210,227 (19,798,497) (485,430) (129,542,789) (1,713,151) (88,155,669) (1,664,122) (29,611,699) (294,580) (22,091,436) (98,587) - ------------ ----------- -------------- ------------ -------------- ------------ ------------ ----------- ------------ ----------- 29,758,635 3,409,311 274,471,163 21,855,191 209,952,238 19,037,082 51,724,638 4,156,115 23,553,542 1,111,640 ============ =========== ============== ============ ============== ============ ============ =========== ============ ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A33 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS --------------------------------------------------------------------------- EVERGREEN DAVIS VALUE PORTFOLIO VA BALANCED FUND EVERGREEN VA GROWTH FUND ------------------------ ----------------------- ------------------------ 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 4/15/2005* TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2006 ----------- ----------- ----------- ---------- ----------- ----------- OPERATIONS Net investment income (loss).................... $ (70,886) $ (28,131) $ 66,414 $ 65,868 $ (747,600) $ (482,464) Capital gains distributions received.................. 0 0 0 0 2,423,286 0 Realized gain (loss) on shares redeemed........... 450,826 101,598 (36,554) (150,247) 3,353,571 700,685 Net change in unrealized gain (loss) on investments..... 1,167,108 640,548 468,130 340,955 (1,672,998) 6,355,009 ----------- ----------- ----------- ---------- ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... 1,547,048 714,015 497,990 256,576 3,356,259 6,573,230 ----------- ----------- ----------- ---------- ----------- ----------- CONTRACT OWNER TRANSACTIONS Contract owner net payments.. 12,580 13,111 3,311 723 3,826,544 1,750,337 Surrenders, withdrawals and death benefits............ (1,368,209) (594,554) (572,072) (534,893) (5,052,087) (2,890,719) Net transfers between other subaccounts or fixed rate option.................... 3,373,312 2,086,848 (528,899) (407,145) (4,266,678) 40,600,017 Withdrawal and other charges .................. (20,827) (18,714) (16,599) (19,485) (39,322) (31,172) ----------- ----------- ----------- ---------- ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS.. 1,996,856 1,486,691 (1,114,259) (960,800) (5,531,543) 39,428,463 ----------- ----------- ----------- ---------- ----------- ----------- TOTAL INCREASE (DECREASE) IN NET ASSETS....................... 3,543,904 2,200,706 (616,269) (704,224) (2,175,284) 46,001,693 NET ASSETS Beginning of period.......... 10,161,660 7,960,954 6,790,505 7,494,729 46,001,693 0 ----------- ----------- ----------- ---------- ----------- ----------- End of period................ $13,705,564 $10,161,660 $ 6,174,236 $6,790,505 $43,826,409 $46,001,693 =========== =========== =========== ========== =========== =========== Beginning units.............. 911,967 772,859 704,369 808,522 4,018,842 0 ----------- ----------- ----------- ---------- ----------- ----------- Units issued................. 408,006 295,366 25,286 65,938 2,664,047 5,781,909 Units redeemed............... (237,917) (156,258) (138,798) (170,091) (3,179,144) (1,763,067) ----------- ----------- ----------- ---------- ----------- ----------- Ending units................. 1,082,056 911,967 590,857 704,369 3,503,745 4,018,842 =========== =========== =========== ========== =========== ===========
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A34
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------------------- EVERGREEN VA EVERGREEN VA INTERNATIONAL FUNDAMENTAL EVERGREEN VA EVERGREEN VA EQUITY FUND LARGE CAP FUND EVERGREEN VA OMEGA FUND SPECIAL VALUES FUND STRATEGIC INCOME FUND - ------------------------ ---------------------- ------------------------- ---------- ---------- ---------- ---------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- $ 1,797,832 $ 670,321 $ (14,303) $ (32,117) $ (367,065) $ (432,566) $ (55,731) $ (22,194) $ 141,673 $ 240,655 3,992,333 0 151,870 0 0 0 986,910 723,932 0 58,718 7,845,472 2,255,414 380,652 172,150 1,018,253 658,341 456,046 245,005 100,173 151,166 (153,768) 3,845,294 430,298 617,076 363,971 (40,316) 131,595 (343,042) 54,419 (594,195) - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- 13,481,869 6,771,029 948,517 757,109 1,015,159 185,459 1,518,820 603,701 296,265 (143,656) - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- 10,177,879 7,618,400 10,631 7,549 1,115,513 1,779,033 24,610 14,588 20,905 16,937 (6,810,978) (3,937,592) (988,930) (483,255) (2,646,531) (2,719,790) (952,430) (504,580) (740,698) (651,159) 10,175,999 22,396,581 250,287 2,768,785 (5,655,643) (10,679,112) 387,939 1,887,347 568,602 708,598 (51,386) (34,094) (24,461) (24,921) (38,656) (46,657) (21,169) (20,458) (16,457) (17,093) - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- 13,491,514 26,043,295 (752,473) 2,268,158 (7,225,317) (11,666,526) (561,050) 1,376,897 (167,648) 57,283 - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- 26,973,383 32,814,324 196,044 3,025,267 (6,210,158) (11,481,067) 957,770 1,980,598 128,617 (86,373) 64,078,351 31,264,027 9,286,192 6,260,925 28,491,311 39,972,378 7,894,323 5,913,725 6,740,103 6,826,476 - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- $91,051,734 $64,078,351 $9,482,236 $9,286,192 $22,281,153 $ 28,491,311 $8,852,093 $7,894,323 $6,868,720 $6,740,103 =========== =========== ========== ========== =========== ============ ========== ========== ========== ========== 4,304,433 2,417,477 765,339 554,636 3,270,392 4,623,843 393,403 321,764 479,922 476,068 - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- 5,048,825 4,240,269 110,075 373,153 859,483 1,648,109 89,751 160,977 84,134 114,191 (4,352,088) (2,353,313) (171,902) (162,450) (1,679,713) (3,001,560) (114,761) (89,338) (95,720) (110,337) - ----------- ----------- ---------- ---------- ----------- ------------ ---------- ---------- ---------- ---------- 5,001,170 4,304,433 703,512 765,339 2,450,162 3,270,392 368,393 393,403 468,336 479,922 =========== =========== ========== ========== =========== ============ ========== ========== ========== ==========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A35 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ------------------------------------------------- COLUMBIA MONEY COLUMBIA SMALL COMPANY MARKET FUND VS GROWTH FUND VS ------------------------ ----------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ----------- ----------- ----------- ---------- OPERATIONS Net investment income (loss).................... $ 107,113 $ 68,398 $ (13,420) $ (15,729) Capital gains distributions received.................. 0 0 0 0 Realized gain (loss) on shares redeemed........... 0 0 191,550 229,917 Net change in unrealized gain (loss) on investments..... 0 0 (29,935) (214,507) ----------- ----------- ----------- ---------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... 107,113 68,398 148,195 (319) ----------- ----------- ----------- ---------- CONTRACT OWNER TRANSACTIONS Contract owner net payments.. 1,096 0 353 227 Surrenders, withdrawals and death benefits............ (2,987,383) (5,815,283) (358,812) (464,175) Net transfers between other subaccounts or fixed rate option.................... 2,221,290 5,021,724 (19,223) (38,980) Withdrawal and other charges................... (3,610) (4,013) (2,188) (2,414) ----------- ----------- ----------- ---------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS.. (768,607) (797,572) (379,870) (505,342) ----------- ----------- ----------- ---------- TOTAL INCREASE (DECREASE) IN NET ASSETS....................... (661,494) (729,174) (231,675) (505,661) NET ASSETS Beginning of period.......... 3,258,766 3,987,940 1,386,322 1,891,983 ----------- ----------- ----------- ---------- End of period................ $ 2,597,272 $ 3,258,766 $ 1,154,647 $1,386,322 =========== =========== =========== ========== Beginning units.............. 320,640 400,355 82,198 114,071 ----------- ----------- ----------- ---------- Units issued................. 258,787 570,306 673 5,035 Units redeemed............... (332,957) (650,021) (21,349) (36,908) ----------- ----------- ----------- ---------- Ending units................. 246,470 320,640 61,522 82,198 =========== =========== =========== ==========
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A36 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS -------------------------------------------------- COLUMBIA ASSET COLUMBIA FEDERAL ALLOCATION VS SECURITIES VS ------------------------ ------------------------ 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ----------- ----------- ----------- ----------- OPERATIONS Net investment income (loss).................... $ 221,268 $ 311,378 $ 126,397 $ 203,536 Capital gains distributions received.................. 785,932 0 0 14,062 Realized gain (loss) on shares redeemed........... 964,540 1,584,163 (45,189) (48,840) Net change in unrealized gain (loss) on investments..... (505,816) (1,109,639) (4,842) (119,958) ----------- ----------- ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................... 1,465,924 785,902 76,366 48,800 ----------- ----------- ----------- ----------- CONTRACT OWNER TRANSACTIONS Contract owner net payments.. 0 31,016 0 0 Surrenders, withdrawals and death benefits............ (2,886,576) (5,389,313) (1,177,209) (916,241) Net transfers between other subaccounts or fixed rate option.................... (518,226) (1,436,807) (216,761) (604,081) Withdrawal and other charges................... (16,341) (20,233) (2,744) (3,673) ----------- ----------- ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS.. (3,421,143) (6,815,337) (1,396,714) (1,523,995) TOTAL INCREASE (DECREASE) IN NET ASSETS....................... (1,955,219) (6,029,435) (1,320,348) (1,475,195) ----------- ----------- ----------- ----------- NET ASSETS Beginning of period.......... 15,112,003 21,141,438 3,436,146 4,911,341 ----------- ----------- ----------- ----------- End of period................ $13,156,784 $15,112,003 $ 2,115,798 $ 3,436,146 =========== =========== =========== =========== Beginning units.............. 1,094,741 1,615,224 324,887 471,593 ----------- ----------- ----------- ----------- Units issued................. 3,206 27,456 363 3,457 Units redeemed............... (236,762) (547,939) (130,427) (150,163) ----------- ----------- ----------- ----------- Ending units................. 861,185 1,094,741 194,823 324,887 =========== =========== =========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A37
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------ COLUMBIA LARGE CAP PRUDENTIAL SP GARTMORE GVIT FIRST TRUST THE GROWTH STOCK VS INTERNATIONAL GROWTH DEVELOPING MARKETS DOW TARGET 10 - ----------------------- ------------------------ -------------------------- ----------------------- 01/01/2006 2/25/2005* 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ----------- ---------- ----------- ----------- ------------ ------------ ----------- ----------- $ (82,796) $ (26,265) $ 78,615 $ (232,514) $ (3,020,361) $ (2,074,441) $ (298,508) $ (210,152) 0 0 2,834,880 953,032 24,511,856 27,739,532 0 0 292,249 (45,233) 3,090,899 421,205 38,701,978 12,988,775 1,983,148 772,473 901,382 588,339 (126,050) 2,579,043 14,192,813 14,343,616 2,149,270 (1,079,574) - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- 1,110,835 516,841 5,878,344 3,720,766 74,386,286 52,997,482 3,833,910 (517,253) - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- 3,814 15,693 1,322,197 3,183,177 33,488,032 20,719,738 2,580,959 4,404,918 (3,195,091) (3,413,345) (4,297,948) (2,481,080) (37,834,276) (25,123,234) (2,221,051) (2,156,599) (384,921) 17,137,397 7,615,678 12,913,312 (39,629,985) 59,048,334 12,155,804 (2,857,450) (17,115) (19,058) (23,879) (14,520) (184,649) (130,360) (14,093) (13,540) - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- (3,593,313) 13,720,687 4,616,048 13,600,889 (44,160,878) 54,514,478 12,501,619 (622,671) - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- (2,482,478) 14,237,528 10,494,392 17,321,655 30,225,408 107,511,960 16,335,529 (1,139,924) 14,237,528 0 32,671,503 15,349,848 293,345,146 185,833,186 11,614,442 12,754,366 - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- $11,755,050 $14,237,528 $43,165,895 $32,671,503 $323,570,554 $293,345,146 $27,949,971 $11,614,442 =========== =========== =========== =========== ============ ============ =========== =========== 1,359,332 0 2,708,809 1,457,915 17,520,729 15,104,933 1,226,145 1,295,452 - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- 4,776 1,804,556 4,134,159 3,324,642 17,333,824 21,206,574 3,176,937 2,051,499 (335,719) (445,224) (3,839,414) (2,073,748) (20,673,318) (18,790,778) (2,092,230) (2,120,806) - ----------- ----------- ----------- ----------- ------------ ------------ ----------- ----------- 1,028,389 1,359,332 3,003,554 2,708,809 14,181,235 17,520,729 2,310,852 1,226,145 =========== =========== =========== =========== ============ ============ =========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A38 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ------------------------------------------------------------------------- FIRST TRUST 10 UNCOMMON FIRST TRUST ENERGY FIRST TRUST FINANCAL VALUES SECTOR SERVICES ------------------------ ---------------------- ----------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ----------- ----------- ---------- ---------- ---------- ----------- OPERATIONS Net investment income (loss) $ (85,887) $ (108,033) $ (49,420) $ (44,228) $ (36,314) $ (40,249) Capital gains distributions received ................. 0 0 0 0 0 0 Realized gain (loss) on shares redeemed .......... 394,365 845,818 1,061,121 760,947 263,908 314,693 Net change in unrealized gain (loss) on investments .... (138,785) (828,804) (514,292) 877,502 284,263 (68,448) ----------- ----------- ---------- ---------- ---------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 169,693 (91,019) 497,409 1,594,221 511,857 205,996 ----------- ----------- ---------- ---------- ---------- ----------- CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 226,520 209,874 40,698 37,871 34,242 45,966 Surrenders, withdrawals and death benefits ........... (995,856) (1,098,642) (490,003) (538,358) (447,833) (668,010) Net transfers between other subaccounts or fixed rate option ................... (664,232) (1,819,660) (343,684) (173,488) (216,153) (620,797) Withdrawal and other charges .................. (5,751) (7,495) (5,512) (5,432) (4,446) (5,986) ----------- ----------- ---------- ---------- ---------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (1,439,319) (2,715,923) (798,501) (679,407) (634,190) (1,248,827) ----------- ----------- ---------- ---------- ---------- ----------- TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (1,269,626) (2,806,942) (301,092) 914,814 (122,333) (1,042,831) NET ASSETS Beginning of period ......... 7,001,549 9,808,491 4,661,042 3,746,228 3,598,531 4,641,362 ----------- ----------- ---------- ---------- ---------- ----------- End of period ............... $ 5,731,923 $ 7,001,549 $4,359,950 $4,661,042 $3,476,198 $ 3,598,531 =========== =========== ========== ========== ========== =========== Beginning units ............. 1,468,037 2,084,738 177,562 210,626 230,880 318,758 ----------- ----------- ---------- ---------- ---------- ----------- Units issued ................ 173,572 246,293 47,393 92,115 20,885 84,733 Units redeemed .............. (512,903) (862,994) (75,979) (125,179) (58,931) (172,611) ----------- ----------- ---------- ---------- ---------- ----------- Ending units ................ 1,128,706 1,468,037 148,976 177,562 192,834 230,880 =========== =========== ========== ========== ========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A39
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------- FIRST TRUST FIRST TRUST GLOBAL FIRST TRUST NASDAQ PHARMHEALTH SECTOR FIRST TRUST TECHNOLOGY DIVIDEND TARGET 15 TARGET 15 - ---------------------- ---------------------- ------------------------ ----------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ---------- ---------- ---------- ---------- ----------- ----------- ---------- ----------- $ (30,053) $ (32,837) $ (13,703) $ (15,594) $(1,112,432) $ (436,749) $ (87,502) $ (75,722) 0 0 0 0 0 0 0 0 81,707 (52,507) (1,396) (45,034) 2,824,074 2,818,626 359,256 28,498 152,819 382,205 42,161 118,080 20,443,439 351,376 193,480 56,457 - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- 204,473 296,861 27,062 57,452 22,155,081 2,733,253 465,234 9,233 - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- 39,005 42,945 11,578 13,667 16,109,982 7,066,848 567,638 736,208 (330,115) (612,609) (253,974) (175,048) (9,122,089) (3,556,263) (831,400) (1,213,595) (103,053) (196,559) (27,238) (56,251) 62,924,819 7,954,173 568,600 1,861 (4,024) (4,883) (1,690) (1,991) (42,010) (22,184) (5,705) (5,834) - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- (398,187) (771,106) (271,324) (219,623) 69,870,702 11,442,574 299,133 (481,360) - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- (193,714) (474,245) (244,262) (162,171) 92,025,783 14,175,827 764,367 (472,127) 3,061,912 3,536,157 1,532,286 1,694,457 36,799,758 22,623,931 6,552,091 7,024,218 - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- $2,868,198 $3,061,912 $1,288,024 $1,532,286 $128,825,541 $36,799,758 $7,316,458 $ 6,552,091 ========== ========== ========== ========== ============ =========== ========== =========== 282,129 358,811 308,467 355,175 2,795,376 1,858,147 673,491 747,603 - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- 28,329 63,243 24,414 14,718 8,549,490 3,956,771 338,442 464,943 (65,344) (139,925) (78,195) (61,426) (4,120,332) (3,019,542) (325,471) (539,055) - ---------- ---------- ---------- ---------- ------------ ----------- ---------- ----------- 245,114 282,129 254,686 308,467 7,224,534 2,795,376 686,462 673,491 ========== ========== ========== ========== ============ =========== ========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A40 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS -------------------------------------------------------------------------------- FIRST TRUST VALUE FIRST TRUST S&P TARGET 24 FIRST TRUST MANAGED VIP LINE TARGET 25 ------------------------- -------------------------- ------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ----------- ------------ ------------ ------------ ------------ ----------- OPERATIONS Net investment income (loss) ................... $ (261,352) $ (245,369) $ (3,214,208) $ (2,486,733) $ (696,726) $ (538,543) Capital gains distributions received ................. 0 0 0 0 0 0 Realized gain (loss) on shares redeemed .......... 678,407 905,218 11,127,745 7,315,043 4,454,883 4,548,316 Net change in unrealized gain (loss) on investments .............. (313,802) (154,144) 8,160,773 3,732,105 (3,444,443) 2,131,436 ----------- ----------- ------------ ------------ ------------ ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 103,253 505,705 16,074,310 8,560,415 313,714 6,141,209 ----------- ----------- ------------ ------------ ------------ ----------- CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 3,225,482 3,906,045 39,414,454 70,426,412 8,556,417 8,517,893 Surrenders, withdrawals and death benefits ........... (2,071,338) (1,374,763) (15,883,091) (12,442,960) (6,069,926) (4,343,760) Net transfers between other subaccounts or fixed rate option ................... (3,225,910) 871,926 (18,405,304) 7,964,016 (13,054,303) 21,989,774 Withdrawal and other charges .................. (17,214) (18,954) (175,098) (143,269) (30,166) (24,819) ----------- ----------- ------------ ------------ ------------ ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (2,088,980) 3,384,254 4,950,961 65,804,199 (10,597,978) 26,139,088 ----------- ----------- ------------ ------------ ------------ ----------- TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (1,985,727) 3,889,959 21,025,271 74,364,614 (10,284,264) 32,280,297 NET ASSETS Beginning of period ......... 18,042,093 14,152,134 182,872,537 108,507,923 54,044,572 21,764,275 ----------- ----------- ------------ ------------ ------------ ----------- End of period ............... $16,056,366 $18,042,093 $203,897,808 $182,872,537 $ 43,760,308 $54,044,572 =========== =========== ============ ============ ============ =========== Beginning units ............. 1,715,684 1,433,496 15,095,695 9,571,243 4,713,454 2,730,172 ----------- ----------- ------------ ------------ ------------ ----------- Units issued ................ 995,338 1,746,057 12,146,732 16,756,460 2,094,912 5,222,534 Units redeemed .............. (1,214,072) (1,463,869) (11,961,206) (11,232,008) (3,117,784) (3,239,252) ----------- ----------- ------------ ------------ ------------ ----------- Ending units ................ 1,496,950 1,715,684 15,281,221 15,095,695 3,690,582 4,713,454 =========== =========== ============ ============ ============ ===========
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A41
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------- FIRST TRUST DOW TARGET DIVIDEND PROFUND VP ASIA 30 PROFUND VP BANKS PROFUND VP BEAR - ------------------------- -------------------------- ------------------------ -------------------------- 01/01/2006 05/02/2005* 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ----------- ------------ ------------ ---------- ------------ ----------- ------------- $ (1,424,166) $ (395,819) $ (1,132,327) $ (565,150) $ (130,831) $ 84,619 $ 68,135 $ (1,036,520) 0 0 0 0 0 907,240 0 0 1,436,917 (34,454) 11,950,842 5,109,313 1,615,941 (1,309,841) (6,840,982) (2,160,666) 11,986,715 (3,507,615) 19,090,406 1,190,840 354,754 (159,120) (65,361) 371,651 - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- 11,999,466 (3,937,888) 29,908,921 5,735,003 1,839,864 (477,102) (6,838,208) (2,825,535) - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- 33,060,165 27,159,077 9,611,397 5,662,141 805,117 1,005,533 2,866,249 5,615,908 (5,234,254) (1,284,310) (10,689,096) (4,798,168) (1,736,311) (974,495) (6,606,733) (8,942,903) 2,722,430 36,500,538 75,005,994 20,963,208 519,234 (778,722) (9,453,008) 26,489,118 (49,560) (13,793) (53,418) (27,051) (8,502) (5,644) (33,936) (39,493) - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- 30,498,781 62,361,512 73,874,877 21,800,130 (420,462) (753,328) (13,227,428) 23,122,630 - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- 42,498,247 58,423,624 103,783,798 27,535,133 1,419,402 (1,230,430) (20,065,636) 20,297,095 58,423,624 0 68,490,166 40,955,033 11,871,816 13,102,246 48,453,659 28,156,564 - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- $100,921,871 $58,423,624 $172,273,964 $ 68,490,166 $13,291,218 $ 11,871,816 $ 28,388,023 $ 48,453,659 ============ =========== ============ ============ =========== ============ ============ ============= 5,988,499 0 4,504,345 3,205,324 974,635 1,047,097 6,309,273 3,448,238 - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- 11,940,423 8,526,423 24,207,820 19,145,930 7,818,471 11,646,062 86,655,952 123,207,607 (9,020,400) (2,537,924) (20,473,566) (17,846,909) (7,831,954) (11,718,524) (88,760,473) (120,346,572) - ------------ ----------- ------------ ------------ ----------- ------------ ------------ ------------- 8,908,522 5,988,499 8,238,599 4,504,345 961,152 974,635 4,204,752 6,309,273 ============ =========== ============ ============ =========== ============ ============ =============
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A42 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- PROFUND VP BIOTECHNOLOGY PROFUND VP BASIC MATERIALS PROFUND VP ULTRABULL -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ------------ ------------ OPERATIONS Net investment income (loss) ................... $ (236,581) $ (296,370) $ (414,668) $ (347,879) $ (488,082) $ (819,910) Capital gains distributions received ................. 0 1,389,747 0 1,072,799 2,056,721 8,630,060 Realized gain (loss) on shares redeemed .......... (1,139,217) 1,914,374 12,486 (2,839,888) 4,958,959 (4,271,569) Net change in unrealized gain (loss) on investments .... 30,875 (679,884) 885,483 233,610 1,292,214 (2,249,305) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. (1,344,923) 2,327,867 483,301 (1,881,358) 7,819,812 1,289,276 ------------ ------------ ------------ ------------ ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 1,088,033 1,180,954 3,763,433 3,763,570 991,825 3,334,777 Surrenders, withdrawals and death benefits ........... (1,869,232) (2,903,162) (3,381,536) (3,104,977) (6,450,986) (8,545,540) Net transfers between other subaccounts or fixed rate option ................... (10,577,422) (339,302) (4,351,131) 9,737,004 10,132,148 (38,538,649) Withdrawal and other charges .................. (9,965) (14,018) (18,845) (14,071) (30,752) (37,999) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (11,368,586) (2,075,528) (3,988,079) 10,381,526 4,642,235 (43,787,411) ------------ ------------ ------------ ------------ ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS .................. (12,713,509) 252,339 (3,504,778) 8,500,168 12,462,047 (42,498,135) NET ASSETS Beginning of period ......... 25,003,020 24,750,681 34,113,888 25,613,720 41,431,102 83,929,237 ------------ ------------ ------------ ------------ ------------ ------------ End of period ............... $ 12,289,511 $ 25,003,020 $ 30,609,110 $ 34,113,888 $ 53,893,149 $ 41,431,102 ============ ============ ============ ============ ============ ============ Beginning units ............. 2,502,807 2,930,404 2,618,695 2,088,406 4,472,352 8,987,935 ------------ ------------ ------------ ------------ ------------ ------------ Units issued ................ 8,576,871 31,407,945 15,108,971 23,791,372 36,289,359 83,147,169 Units redeemed .............. (9,788,653) (31,835,542) (15,597,094) (23,261,083) (36,106,975) (87,662,752) ------------ ------------ ------------ ------------ ------------ ------------ Ending units ................ 1,291,025 2,502,807 2,130,572 2,618,695 4,654,736 4,472,352 ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A43
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------------- PROFUND VP PROFUND VP PROFUND VP BULL CONSUMER SERVICES CONSUMER GOODS PROFUND VP OIL & GAS - ---------------------------- ------------------------- ------------------------ -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- $ (2,013,790) $ (2,113,771) $ (93,040) $ (87,227) (193,414) $ (127,559) (2,487,719) $ (2,365,793) 6,981,569 0 0 0 0 0 12,004,097 4,519,817 10,459,900 11,768,920 684,732 (396,622) 1,183,557 230,820 6,809,884 34,308,658 3,245,814 (10,142,481) 169,135 (135,384) 603,230 (170,103) 2,711,001 (5,763,703) - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- 18,673,493 (487,332) 760,827 (619,233) 1,593,373 (66,842) 19,037,263 30,698,979 - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- 5,284,700 13,417,778 451,825 0 708,459 1,612,624 17,209,959 20,178,905 (21,022,983) (23,247,138) (652,663) (954,486) (1,250,964) (1,456,923) (19,872,744) (18,429,821) 1,646,990 (51,823,152) 2,421,623 (6,779,972) 10,617,189 (3,141,995) (20,941,350) 30,786,316 (95,873) (88,931) (4,100) (3,937) (6,506) (5,855) (99,002) (87,128) - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- (14,187,166) (61,741,443) 2,216,685 (7,738,395) 10,068,178 (2,992,149) (23,703,137) 32,448,272 - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- 4,486,327 (62,228,775) 2,977,512 (8,357,628) 11,661,551 (3,058,991) (4,665,874) 63,147,251 222,567,923 284,796,698 3,521,035 11,878,663 6,912,638 9,971,629 148,185,643 85,038,392 - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- $ 227,054,250 $ 222,567,923 $ 6,498,547 $ 3,521,035 18,574,189 $ 6,912,638 143,519,769 $ 148,185,643 ============= ============= =========== ============ ========== ============ =========== ============= 20,271,654 26,231,728 348,500 1,191,661 630,384 920,728 8,943,170 6,639,985 - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- 98,057,582 223,015,576 5,324,786 10,201,756 8,120,128 14,422,913 32,538,390 58,885,690 (100,084,054) (228,975,650) (5,071,700) (11,044,917) (7,180,665) (14,713,257) (34,353,488) (56,582,505) - ------------- ------------- ----------- ------------ ---------- ------------ ----------- ------------- 18,245,182 20,271,654 601,586 348,500 1,569,847 630,384 7,128,072 8,943,170 ============= ============= =========== ============ ========== ============ =========== =============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A44 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- PROFUND VP U.S. GOVERNMENT PROFUND VP EUROPE 30 PROFUND VP FINANCIALS PLUS -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ------------ ------------ OPERATIONS Net investment income (loss) ................... $ (1,111,216) $ (1,044,709) $ (384,774) $ (185,802) $ 1,142,506 $ 477,305 Capital gains distributions received ................. 2,102,028 7,516,995 0 0 0 0 Realized gain (loss) on shares redeemed .......... 7,039,898 964,845 3,353,809 573,565 (1,281,442) (504,542) Net change in unrealized gain (loss) on investments .... 4,950,596 (5,522,457) 1,209,156 93,689 (2,707,111) 1,677,960 ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 12,981,306 1,914,674 4,178,191 481,452 (2,846,047) 1,650,723 ------------ ------------ ------------ ------------ ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 5,018,601 4,221,430 3,452,373 3,489,289 2,163,150 5,402,418 Surrenders, withdrawals and death benefits ........... (13,072,615) (11,161,330) (4,175,292) (2,753,298) (7,947,199) (7,710,531) Net transfers between other subaccounts or fixed rate option ................... 39,904,295 (16,111,420) 9,824,301 3,082,318 (49,051,686) 46,585,718 Withdrawal and other charges .................. (53,286) (38,671) (17,701) (18,636) (35,766) (35,799) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ 31,796,995 (23,089,991) 9,083,681 3,799,673 (54,871,501) 44,241,806 ------------ ------------ ------------ ------------ ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... 44,778,301 (21,175,317) 13,261,872 4,281,125 (57,717,548) 45,892,529 NET ASSETS Beginning of period ......... 81,338,729 102,514,046 31,418,943 27,137,818 89,133,024 43,240,495 ------------ ------------ ------------ ------------ ------------ ------------ End of period ............... $126,117,030 $ 81,338,729 $ 44,680,815 $ 31,418,943 $ 31,415,476 $ 89,133,024 ============ ============ ============ ============ ============ ============ Beginning units ............. 7,480,817 10,430,672 2,568,147 2,336,904 7,185,063 3,732,023 ------------ ------------ ------------ ------------ ------------ ------------ Units issued ................ 31,519,947 41,642,892 14,173,650 11,994,589 40,852,685 74,060,918 Units redeemed .............. (29,480,120) (44,592,747) (13,579,060) (11,763,346) (45,333,934) (70,607,878) ------------ ------------ ------------ ------------ ------------ ------------ Ending units ................ 9,520,644 7,480,817 3,162,737 2,568,147 2,703,814 7,185,063 ============ ============ ============ ============ ============ ============
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE IN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A45
SUBACCOUNTS (CONTINUED) - ----------------------------------------------------------------------------------------------------------- PROFUND VP HEALTH CARE ACCESS VP HIGH YIELD FUND PROFUND VP INDUSTRIALS PROFUND VP INTERNET - -------------------------- -------------------------- ------------------------ ------------------------- 01/01/2006 01/01/2005 01/01/2006 05/02/2005* 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------ ------------ ------------ ----------- ----------- ----------- ------------ $ (713,005) $ (723,406) $ 1,319,237 $ 577,382 $ (258,408) $ (137,301) $ (167,029) $ (230,651) 0 0 0 0 0 98,469 1,363,886 0 588,598 3,438,617 344,924 (124,018) 852,573 (151,523) (1,629,737) 834,371 2,510,295 (1,153,673) 712,106 (222,067) 196,213 (36,161) (126,298) (1,290,327) - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ 2,385,888 1,561,538 2,376,267 231,297 790,378 (226,516) (559,178) (686,607) - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ 3,908,183 5,570,304 1,027,442 245,112 790,844 944,226 403,057 0 (5,154,146) (5,131,139) (4,111,844) (1,885,295) (1,963,996) (1,119,542) (1,271,082) (2,582,681) 8,928,346 14,791,827 (2,928,414) 36,414,867 (129,549) 1,049,893 (14,629,847) (13,365,527) (25,582) (33,339) (7,535) (4,669) (8,784) (4,902) (6,925) (9,280) - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ 7,656,801 15,197,653 (6,020,351) 34,770,015 (1,311,485) 869,675 (15,504,797) (15,957,488) - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ 10,042,689 16,759,191 (3,644,084) 35,001,312 (521,107) 643,159 (16,063,975) (16,644,095) 53,878,623 37,119,432 35,001,312 0 10,101,816 9,458,657 25,339,239 41,983,334 - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ $ 63,921,312 $ 53,878,623 $ 31,357,228 $ 35,001,312 $ 9,580,709 $10,101,816 $ 9,275,264 $ 25,339,239 ============ ============ ============ ============ ============ =========== ============ ============ 5,510,838 4,052,916 3,307,694 0 828,032 808,091 1,329,255 2,333,819 - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ 14,601,538 33,232,382 10,215,031 14,053,018 13,560,890 7,597,233 3,257,672 14,664,833 (13,769,526) (31,774,460) (10,777,190) (10,745,324) (13,650,477) (7,577,292) (4,099,359) (15,669,397) - ------------ ------------ ------------ ------------ ------------ ----------- ------------ ------------ 6,342,850 5,510,838 2,745,535 3,307,694 738,445 828,032 487,568 1,329,255 ============ ============ ============ ============ ============ =========== ============ ============
THE ACCOMPANYING NOTES ARE IN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A46 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- PROFUND VP JAPAN PROFUND VP PRECIOUS METALS PROFUND VP MID-CAP GROWTH -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ------------ ------------ OPERATIONS Net investment income (loss) ................... $ (633,485) $ (621,760) $ (1,208,694) $ (999,501) $ (1,265,176) $ (1,244,134) Capital gains distributions received ................. 18,287,139 0 0 0 3,054,267 2,197,929 Realized gain (loss) on shares redeemed .......... (2,689,478) 5,928,597 12,193,224 (446,755) 2,754,112 3,361,916 Net change in unrealized gain (loss) on investments .... (15,705,535) 15,848,292 (9,537,818) 17,308,039 (283,403) (1,136,424) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. (741,359) 21,155,129 1,446,712 15,861,783 4,259,800 3,179,287 ------------ ------------ ------------ ------------ ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ................. 9,576,882 4,411,273 19,681,728 8,763,169 2,895,500 4,240,074 Surrenders, withdrawals and death benefits ........... (9,106,732) (4,351,332) (12,060,967) (6,543,047) (11,337,324) (9,360,543) Net transfers between other subaccounts or fixed rate option ................... (60,983,061) 80,267,842 2,635,346 34,638,547 (84,413,191) 82,674,119 Withdrawal and other charges .................. (43,521) (20,695) (77,917) (42,357) (38,338) (42,696) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (60,556,432) 80,307,088 10,178,190 36,816,312 (92,893,353) 77,510,954 ------------ ------------ ------------ ------------ ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (61,297,791) 101,462,217 11,624,902 52,678,095 (88,633,553) 80,690,241 NET ASSETS Beginning of period ......... 129,124,321 27,662,104 113,120,111 60,442,016 155,725,921 75,035,680 ------------ ------------ ------------ ------------ ------------ ------------ End of period ............... $ 67,826,530 $129,124,321 $124,745,013 $113,120,111 $ 67,092,368 $155,725,921 ============ ============ ============ ============ ============ ============ Beginning units ............. 9,015,574 2,765,674 7,463,733 5,015,023 12,851,561 6,820,564 ------------ ------------ ------------ ------------ ------------ ------------ Units issued ................ 30,467,605 31,564,018 39,950,437 45,192,735 60,057,424 104,115,853 Units redeemed .............. (35,161,521) (25,314,118) (39,678,722) (42,744,025) (67,663,172) (98,084,856) ------------ ------------ ------------ ------------ ------------ ------------ Ending units ................ 4,321,658 9,015,574 7,735,448 7,463,733 5,245,813 12,851,561 ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A47
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------------- PROFUND VP RISING PROFUND VP MID-CAP VALUE PROFUND VP PHARMACEUTICALS PROFUND VP REAL ESTATE RATES OPPORTUNITY - --------------------------- -------------------------- ------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- $ (1,438,131) $ (1,835,913) $ (273,085) $ (157,333) (631,215) $ 254,179 (208,606) $ (1,592,429) 14,030,368 7,747,653 0 0 3,423,208 0 0 0 (4,556,685) 5,552,023 1,499,730 (1,122,276) 8,427,031 4,146,178 4,441,437 (10,980,246) 970,217 (4,565,195) (555,287) 118,313 1,937,485 (3,088,873) 2,893,448 858,683 - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- 9,005,769 6,898,568 671,358 (1,161,296) 13,156,509 1,311,484 7,126,279 (11,713,992) - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- 3,994,756 7,276,478 2,329,011 1,931,824 6,467,388 5,435,592 4,104,489 11,800,512 (12,369,034) (13,705,254) (1,969,570) (1,462,155) (7,190,419) (9,413,765) (8,591,341) (10,298,221) 4,732,940 (26,698,433) 9,272,299 (320,025) 22,887,072 (42,306,282) (3,627,057) (29,948,598) (45,407) (52,727) (10,519) (7,756) (35,828) (32,756) (64,890) (79,531) - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- (3,686,745) (33,179,936) 9,621,221 141,888 22,128,213 (46,317,211) (8,178,799) (28,525,838) - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- 5,319,024 (26,281,368) 10,292,579 (1,019,408) 35,284,722 (45,005,727) (1,052,520) (40,239,830) 99,111,085 125,392,453 10,782,787 11,802,195 34,432,299 79,438,026 72,022,784 112,262,614 - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- $104,430,109 $ 99,111,085 $ 21,075,366 $ 10,782,787 69,717,021 $ 34,432,299 70,970,264 $ 72,022,784 ============ ============= ============ ============ =========== ============ =========== ============= 7,506,708 10,343,952 1,377,678 1,435,160 1,948,512 4,720,082 11,308,697 16,152,393 - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- 48,380,955 117,864,173 16,323,829 21,966,013 33,359,668 52,002,886 60,154,786 96,643,014 (48,963,710) (120,701,417) (15,288,712) (22,023,495) (32,266,957) (54,774,456) (61,150,179) (101,486,710) - ------------ ------------- ------------ ------------ ----------- ------------ ----------- ------------- 6,923,953 7,506,708 2,412,795 1,377,678 3,041,223 1,948,512 10,313,304 11,308,697 ============ ============= ============ ============ =========== ============ =========== =============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A48 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ------------------------------------------------------------------------------------ PROFUND VP OTC PROFUND VP SEMICONDUCTOR PROFUND VP SMALL-CAP GROWTH --------------------------- -------------------------- --------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------- ------------ ------------ ------------- ------------ OPERATIONS Net investment income (loss) .................. $ (1,237,003) $ (1,379,561) $ (137,267) $ (157,142) $ (1,726,667) $ (2,152,508) Capital gains distributions received ................ 0 7,811,980 99,030 785,426 17,365,750 0 Realized gain (loss) on shares redeemed ......... 814,666 (4,629,562) (1,665,247) 594,925 (3,469,243) 9,698,181 Net change in unrealized gain (loss) on investments ... 397,615 (4,481,330) 441,315 (568,193) (857,842) (5,961,295) ------------ ------------- ------------ ------------ ------------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. (24,722) (2,678,473) (1,262,169) 655,016 11,311,998 1,584,378 ------------ ------------- ------------ ------------ ------------- ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ................ 4,170,114 7,352,107 488,759 562,186 4,669,105 5,976,270 Surrenders, withdrawals and death benefits .......... (9,077,807) (15,180,033) (1,356,844) (1,751,519) (14,040,390) (17,395,709) Net transfers between other subaccounts or fixed rate option .................. (17,106,599) (56,131,881) (5,596,137) 3,371,504 (107,391,872) (14,082,076) Withdrawal and other charges ................. (50,982) (67,221) (5,164) (5,311) (54,371) (74,352) ------------ ------------- ------------ ------------ ------------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ (22,065,274) (64,027,028) (6,469,386) 2,176,860 (116,817,528) (25,575,867) ------------ ------------- ------------ ------------ ------------- ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS ...................... (22,089,996) (66,705,501) (7,731,555) 2,831,876 (105,505,530) (23,991,489) NET ASSETS Beginning of period ......... 89,367,072 156,072,573 13,684,790 10,852,914 184,752,711 208,744,200 ------------ ------------- ------------ ------------ ------------- ------------ End of period ............... $ 67,277,076 $ 89,367,072 $ 5,953,235 $ 13,684,790 $ 79,247,181 $184,752,711 ============ ============= ============ ============ ============= ============ Beginning units ............. 11,466,225 20,721,420 1,777,840 1,507,011 13,796,968 16,740,590 ------------ ------------- ------------ ------------ ------------- ------------ Units issued ................ 66,133,245 124,185,705 13,245,330 28,313,768 54,775,100 95,896,401 Units redeemed .............. (69,999,732) (133,440,900) (14,180,869) (28,042,939) (63,157,138) (98,840,023) ------------ ------------- ------------ ------------ ------------- ------------ Ending units ................ 7,599,738 11,466,225 842,301 1,777,840 5,414,930 13,796,968 ============ ============= ============ ============ ============= ============
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A49
SUBACCOUNTS (CONTINUED) - ---------------------------------------------------------------------------------------------------------------- PROFUND VP SHORT MID-CAP PROFUND VP SHORT OTC PROFUND VP SHORT SMALL-CAP PROFUND VP SMALL-CAP VALUE - -------------------------- ---------------------------- -------------------------- -------------------------- 01/01/2006 11/22/2005* 01/01/2006 01/01/2005 01/01/2006 11/22/2005* 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------ ------------ ------------- ------------- ------------ ------------ ----------- ------------- $ (52,404) $ (46,657) $ (456,628) $ (627,824) $ (170,866) $ (310,376) $ (1,206,043) $ (1,250,744) 0 0 0 0 0 0 3,789,620 4,378,979 (2,071,813) (567,605) (3,199,061) (2,642,526) (4,889,151) (330,716) 4,788,329 (2,347,922) 29,034 1,990 (473,315) 983,628 45,479 51,724 820,990 (2,947,373) - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- (2,095,183) (612,272) (4,129,004) (2,286,722) (5,014,538) (589,368) 8,192,896 (2,167,060) - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- 351,365 205,673 2,875,673 3,813,146 427,599 741,542 4,195,940 5,532,319 (1,555,009) (741,926) (7,580,337) (5,474,728) (4,038,682) (3,374,183) (9,516,809) (9,324,505) 4,324,910 4,714,483 1,333,425 20,144,386 14,431,368 7,324,811 36,468,814 (108,388,922) (2,621) (890) (44,979) (24,994) (12,198) (7,790) (38,080) (42,348) - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- 3,118,645 4,177,340 (3,416,218) 18,457,810 10,808,087 4,684,380 31,109,865 (112,223,456) - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- 1,023,462 3,565,068 (7,545,222) 16,171,088 5,793,549 4,095,012 39,302,761 (114,390,516) 4,080,253 515,185 31,249,234 15,078,146 6,654,237 2,559,225 61,211,911 175,602,427 - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- $ 5,103,715 $ 4,080,253 $ 23,704,012 $ 31,249,234 $ 12,447,786 $ 6,654,237 $100,514,672 $ 61,211,911 ============ ============ ============= ============= ============ ============ ============ ============= 471,870 53,108 5,301,419 2,547,075 726,430 268,195 4,739,545 14,280,660 - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- 16,490,081 15,236,965 157,650,754 145,585,073 62,360,428 54,071,664 38,801,365 64,931,623 (16,345,266) (14,818,203) (158,790,814) (142,830,729) (61,522,489) (53,613,429) (36,663,195) (74,472,738) - ------------ ------------ ------------- ------------- ------------ ------------ ------------ ------------- 616,685 471,870 4,161,359 5,301,419 1,564,369 726,430 6,877,715 4,739,545 ============ ============ ============= ============= ============ ============ ============ =============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A50 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ---------------------------------------------------------------------------------- PROFUND VP PROFUND VP TECHNOLOGY TELECOMMUNICATIONS PROFUND VP ULTRAMID-CAP -------------------------- -------------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ------------ ------------ OPERATIONS Net investment income (loss) .......... $ (215,221) $ (118,738) $ (287,180) $ 60,003 $ (1,316,406) $ (1,110,361) Capital gains distributions received .. 1,215,827 822,315 0 325,285 11,946,631 6,866,213 Realized gain (loss) on shares redeemed ........................... (751,448) (130,431) 4,414,990 (1,785,955) (7,174,886) 9,409,770 Net change in unrealized gain (loss) on investments ..................... 719,026 (783,217) 2,414,952 (336,755) (124,376) (5,749,914) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS ............. 968,184 (210,071) 6,542,762 (1,737,422) 3,330,963 9,415,708 ------------ ------------ ------------ ------------ ------------ ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ........... 341,533 583,804 2,380,193 794,354 7,971,265 7,524,308 Surrenders, withdrawals and death benefits ........................... (2,173,905) (2,238,446) (3,442,196) (960,905) (9,046,713) (11,146,887) Net transfers between other subaccounts or fixed rate option ............... 154,210 (2,429,814) 29,837,254 (7,176,633) (11,154,567) (6,513,928) Withdrawal and other charges .......... (6,740) (6,882) (17,093) (7,535) (46,611) (38,214) ------------ ------------ ------------ ------------ ------------ ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS .................... (1,684,902) (4,091,338) 28,758,158 (7,350,719) (12,276,626) (10,174,721) ------------ ------------ ------------ ------------ ------------ ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS .. (716,718) (4,301,409) 35,300,920 (9,088,141) (8,945,663) (759,013) NET ASSETS Beginning of period ................... 15,240,672 19,542,081 8,800,144 17,888,285 87,662,530 88,421,543 ------------ ------------ ------------ ------------ ------------ ------------ End of period ......................... $ 14,523,954 $ 15,240,672 $ 44,101,064 $ 8,800,144 $ 78,716,867 $ 87,662,530 ============ ============ ============ ============ ============ ============ Beginning units ....................... 2,697,378 3,441,646 1,288,772 2,863,053 5,482,307 6,891,212 ------------ ------------ ------------ ------------ ------------ ------------ Units issued .......................... 12,347,314 19,187,625 32,035,431 19,445,020 46,373,947 67,888,729 Units redeemed ........................ (12,744,016) (19,931,893) (28,201,408) (21,019,301) (47,396,282) (69,297,634) ------------ ------------ ------------ ------------ ------------ ------------ Ending units .......................... 2,300,676 2,697,378 5,122,795 1,288,772 4,459,972 5,482,307 ============ ============ ============ ============ ============ ============
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A51
SUBACCOUNTS (CONTINUED) - --------------------------------------------------------------------------------------------------------------- PROFUND VP PROFUND VP ULTRAOTC PROFUND VP ULTRASMALL-CAP PROFUND VP UTILITIES LARGE-CAP GROWTH - ---------------------------- --------------------------- ------------------------- ------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 11/22/2005* TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ------------- ------------- ------------ ------------- ----------- ------------ ----------- ------------ $ (937,357) $ (1,283,162) $ (801,087) $ (755,663) $ 149,097 $ (809,754) $ (1,037,442) $ (465,646) 26,656,831 6,852,466 0 18,244,402 0 1,014,460 888,115 37,408 (30,314,358) (7,559,048) 7,310,972 (23,102,302) 4,195,668 11,077,495 3,316,938 (965,389) 5,426,521 (13,442,317) 1,149,610 (8,682,048) 8,419,690 (4,493,364) 1,705,934 1,959,326 - ------------- ------------- ------------ ------------- ------------ ------------ ------------ ------------ 831,637 (15,432,061) 7,659,495 (14,295,611) 12,764,455 6,788,837 4,873,545 565,699 - ------------- ------------- ------------ ------------- ------------ ------------ ------------ ------------ 2,992,138 5,966,744 1,354,285 2,795,219 7,866,830 10,963,878 2,221,056 1,427,046 (7,920,855) (8,909,398) (7,110,358) (7,227,810) (9,673,572) (13,127,754) (8,897,501) (3,949,473) (27,330,439) (32,091,220) 15,407,407 (114,851,994) 17,157,280 19,316,864 (5,575,517) 81,528,974 (68,578) (82,854) (30,967) (29,959) (45,728) (54,514) (29,414) (12,611) - ------------- ------------- ------------ ------------- ------------ ------------ ------------ ------------ (32,327,734) (35,116,728) 9,620,367 (119,314,544) 15,304,810 17,098,474 (12,281,376) 78,993,936 - ------------- ------------- ------------ ------------- ------------ ------------ ----------- ------------ (31,496,097) (50,548,789) 17,279,862 (133,610,155) 28,069,265 23,887,311 (7,407,831) 79,559,635 96,200,982 146,749,771 39,714,238 173,324,393 75,840,439 51,953,128 83,057,952 3,498,317 - ------------- ------------- ------------ ------------- ------------ ------------ ------------ ------------ $ 64,704,885 $ 96,200,982 $ 56,994,100 $ 39,714,238 $103,909,704 $ 75,840,439 $ 75,650,121 $ 83,057,952 ============= ============= ============ ============= ============ ============ ============ ============ 55,241,779 80,485,280 3,106,543 12,860,531 6,382,647 5,238,227 8,052,293 337,056 - ------------- ------------- ------------ ------------- ------------ ------------ ------------ ------------ 204,489,672 297,842,371 41,972,438 60,522,358 25,602,151 51,187,865 20,635,318 33,596,884 (219,250,989) (323,085,872) (41,661,031) (70,276,346) (24,603,535) (50,043,445) (21,852,007) (25,881,647) - ------------- ------------- ------------ ------------- ------------ ------------ ------------ ------------ 40,480,462 55,241,779 3,417,950 3,106,543 7,381,263 6,382,647 6,835,604 8,052,293 ============= ============= ============ ============= ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A52 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS ------------------------------------------------------------------------------- PROFUND VP LARGE-CAP VALUE RYDEX NOVA RYDEX OTC -------------------------- ------------------------ ------------------------- 01/01/2006 11/22/2005* 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ----------- ----------- ----------- ------------ OPERATIONS Net investment income (loss) ................... $ (1,181,661) $ (577,488) $ (12,584) $ (89,557) $ (364,781) $ (469,917) Capital gains distributions received ................. 1,264,432 250,803 0 0 0 0 Realized gain (loss) on shares redeemed .......... 11,576,445 74,039 316,369 (1,322,171) (6,335,698) (10,481,921) Net change in unrealized gain (loss) on investments .... 2,659,173 1,387,939 864,041 1,570,348 7,628,032 10,257,626 ------------ ------------ ----------- ----------- ----------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS .................. 14,318,389 1,135,293 1,167,826 158,620 927,553 (694,212) ------------ ------------ ----------- ----------- ----------- ------------ CONTRACT OWNER TRANSACTIONS Contract owner net payments ............. 2,754,118 2,450,671 49,790 29,578 116,008 234,090 Surrenders, withdrawals and death benefits ........... (12,532,283) (4,393,787) (772,071) (1,063,774) (3,629,112) (4,847,675) Net transfers between other subaccounts or fixed rate option ................... 69,401,237 74,495,738 (924,996) (1,378,730) (3,579,403) (6,277,144) Withdrawal and other charges .................. (41,009) (17,309) (7,773) (9,100) (46,596) (56,833) ------------ ------------ ----------- ----------- ----------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS ................ 59,582,063 72,535,313 (1,655,050) (2,422,026) (7,139,103) (10,947,562) ------------ ------------ ----------- ----------- ----------- ------------ TOTAL INCREASE (DECREASE) IN NET ASSETS .................. 73,900,452 73,670,606 (487,224) (2,263,406) (6,211,550) (11,641,774) NET ASSETS Beginning of period ......... 78,231,698 4,561,092 7,742,721 10,006,127 30,222,176 41,863,950 ------------ ------------ ----------- ----------- ----------- ------------ End of period ............... $152,132,150 $ 78,231,698 $ 7,255,497 $ 7,742,721 $24,010,626 $ 30,222,176 ============ ============ =========== =========== =========== ============ Beginning units ............. 7,436,771 439,880 1,194,218 1,583,935 4,873,588 6,735,615 ------------ ------------ ----------- ----------- ----------- ------------ Units issued ................ 39,828,056 35,250,852 53,843 36,209 123,069 160,258 Units redeemed .............. (34,878,930) (28,253,961) (298,066) (425,926) (1,280,059) (2,022,285) ------------ ------------ ----------- ----------- ----------- ------------ Ending units ................ 12,385,897 7,436,771 949,995 1,194,218 3,716,598 4,873,588 ============ ============ =========== =========== =========== ============
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A53
SUBACCOUNTS (CONTINUED) - -------------------------------------------------------------------------------------------------------- AIM V.I. FINANCIAL AIM V.I. GLOBAL RYDEX INVERSE S&P 500 AIM V.I. DYNAMICS FUND SERVICES FUND HEALTH CARE FUND - ---------------------- -------------------------- ------------------------- ------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ---------- ---------- ------------ ------------ ----------- ------------ ----------- ------------ $ 44,636 $ (18,602) $ (1,183,230) $ (957,307) $ 46,038 $ 12,883 $ (1,648,441) $ (1,661,112) 0 0 0 0 431,961 0 0 0 (135,002) (95,269) 14,160,822 5,593,903 9,181,399 6,144,152 10,463,229 5,987,160 16,020 89,201 (5,944,075) 220,686 (248,852) (3,989,376) (5,351,631) 2,357,983 - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ (74,346) (24,670) 7,033,517 4,857,282 9,410,546 2,167,659 3,463,157 6,684,031 - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ 6,405 17,801 4,337,447 2,957,770 4,614,474 4,051,234 5,787,774 7,384,114 (329,717) (109,939) (10,667,286) (7,043,396) (9,160,474) (10,380,372) (14,462,406) (14,672,907) (46,507) (135,893) 4,770,189 (10,657,759) (10,798,717) (956,840) (8,972,276) (5,119,508) (779) (1,206) (70,418) (65,217) (59,559) (64,867) (93,849) (103,067) - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ (370,598) (229,237) (1,630,068) (14,808,602) (15,404,276) (7,350,845) (17,740,757) (12,511,368) - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ (444,944) (253,907) 5,403,449 (9,951,320) (5,993,730) (5,183,186) (14,277,600) (5,827,337) 1,181,287 1,435,194 60,680,249 70,631,569 81,547,037 86,730,223 116,595,016 122,422,353 - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ $ 736,343 $1,181,287 $ 66,083,698 $ 60,680,249 $ 75,553,307 $ 81,547,037 $102,317,416 $116,595,016 ========== ========== ============ ============ ============ ============ ============ ============ 125,308 148,964 5,599,675 7,132,841 5,701,538 6,187,569 8,908,929 9,914,444 - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ 3,821 4,487 6,395,132 2,653,164 2,604,962 2,473,888 3,693,931 3,720,290 (43,523) (28,143) (6,755,750) (4,186,330) (3,683,655) (2,959,919) (5,013,521) (4,725,805) - ---------- ---------- ------------ ------------ ------------ ------------ ------------ ------------ 85,606 125,308 5,239,057 5,599,675 4,622,845 5,701,538 7,589,339 8,908,929 ========== ========== ============ ============ ============ ============ ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A54 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS -------------------------------------------------------------------------------- WELLS FARGO ADVANTAGE WELLS FARGO ADVANTAGE AIM V.I. TECHNOLOGY FUND VT ASSET ALLOCATION VT EQUITY INCOME -------------------------- -------------------------- ------------------------ 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 ------------ ------------ ------------ ------------ ----------- ----------- OPERATIONS Net investment income (loss) ... $ (927,085) $ (1,075,230) $ 903,363 $ 799,152 $ (2,596) $ (36,610) Capital gains distributions received .................... 0 0 1,193,735 2,837,057 63,843 0 Realized gain (loss) on shares redeemed ............. 3,518,452 3,631,149 (1,410,178) (2,230,900) 1,618,833 1,761,180 Net change in unrealized gain (loss) on investments ....... 3,057,764 (3,239,638) 9,617,815 2,790,365 3,325,673 (621,481) ------------ ------------ ------------ ------------ ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS ..................... 5,649,131 (683,719) 10,304,735 4,195,674 5,005,753 1,103,089 ------------ ------------ ------------ ------------ ----------- ----------- CONTRACT OWNER TRANSACTIONS Contract owner net payments .... 914,541 989,497 71,600 117,682 3,055,029 2,570,521 Surrenders, withdrawals and death benefits .............. (8,770,855) (9,370,373) (24,903,994) (22,380,323) (4,373,151) (4,033,262) Net transfers between other subaccounts or fixed rate option ...................... (7,695,052) (12,929,797) (5,680,234) (5,076,492) 3,809,930 (43,838) Withdrawal and other charges ... (77,837) (91,055) (60,752) (58,231) (22,546) (24,633) ------------ ------------ ------------ ------------ ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS .... (15,629,203) (21,401,728) (30,573,380) (27,397,364) 2,469,262 (1,531,212) ------------ ------------ ------------ ------------ ----------- ----------- TOTAL INCREASE (DECREASE) IN NET ASSETS ......................... (9,980,072) (22,085,447) (20,268,645) (23,201,690) 7,475,015 (428,123) NET ASSETS Beginning of period ............ 72,365,966 94,451,413 119,014,437 142,216,127 31,523,285 31,951,408 ------------ ------------ ------------ ------------ ----------- ----------- End of period .................. $ 62,385,894 $ 72,365,966 $ 98,745,792 $119,014,437 $38,998,300 $31,523,285 ============ ============ ============ ============ =========== =========== Beginning units ................ 13,664,681 18,009,965 5,123,162 6,330,630 2,707,129 2,903,073 ------------ ------------ ------------ ------------ ----------- ----------- Units issued ................... 1,858,442 1,833,492 104,011 197,309 1,885,796 1,594,800 Units redeemed ................. (4,721,703) (6,178,776) (1,378,714) (1,404,777) (1,770,948) (1,790,744) ------------ ------------ ------------ ------------ ----------- ----------- Ending units ................... 10,801,420 13,664,681 3,848,459 5,123,162 2,821,977 2,707,129 ============ ============ ============ ============ =========== ===========
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A55
SUBACCOUNTS (CONTINUED) - ------------------------------------------------------------------------------------------------------------------------------ WELLS FARGO ADVANTAGE VT WELLS FARGO ADVANTAGE VT WELLS FARGO ADVANTAGE WELLS FARGO ADVANTAGE WELLS FARGO ADVANTAGE VT C&B LARGE CAP VALUE LARGE COMPANY CORE VT INTERNATIONAL CORE VT LARGE COMPANY GROWTH MONEY MARKET - ------------------------ ------------------------ ---------------------- ---------------------- -------------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2005 - ----------- ----------- ----------- ----------- ---------- ---------- ---------- ----------- ----------- ------------ $ 10,014 $ (121,382) $ (163,931) $ (252,519) $ 3,599 $ 11,056 $ (164,276) $ (169,721) $ 761,331 $ 328,190 0 0 0 0 102,448 71,964 0 0 0 0 1,054,385 223,976 (4,106,694) (4,916,672) 304,265 75,345 (575,186) (1,417,519) 0 0 2,183,118 190,367 6,963,692 3,831,210 43,521 47,770 729,877 2,046,487 0 0 - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ 3,247,517 292,961 2,693,067 (1,337,981) 453,833 206,135 (9,585) 459,247 761,331 328,190 - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ 0 84,880 21,279 48,951 7,194 5,063 81,941 37,217 7,860 57,446 (3,407,537) (2,875,633) (5,097,416) (6,706,898) (412,862) (494,805) (1,880,122) (1,860,226) (27,257,897) (29,714,645) 91,360 (888,017) (647,596) (1,264,018) (30,589) 133,569 (578,153) (750,972) 24,804,135 21,685,204 (7,898) (9,774) (8,695) (10,694) (2,037) (1,963) (8,060) (9,109) (10,187) (14,379) - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ (3,324,075) (3,688,544) (5,732,428) (7,932,659) (438,294) (358,136) (2,384,394) (2,583,090) (2,456,089) (7,986,374) - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ (76,558) (3,395,583) (3,039,361) (9,270,640) 15,539 (152,001) (2,393,979) (2,123,843) (1,694,758) (7,658,184) 17,884,960 21,280,543 24,241,712 33,512,352 2,650,389 2,802,390 13,023,226 15,147,069 26,962,885 34,621,069 - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ $17,808,402 $17,884,960 $21,202,351 $24,241,712 $2,665,928 $2,650,389 $10,629,247 $13,023,226 $25,268,127 $ 26,962,885 =========== =========== =========== =========== ========== ========== =========== =========== =========== ============ 1,933,881 2,342,679 1,406,297 1,872,553 288,646 326,851 1,455,694 1,766,952 2,115,112 2,745,812 - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ 317,756 164,458 27,457 24,648 67,520 68,321 178,777 144,329 2,333,625 2,453,740 (660,102) (573,256) (354,376) (490,904) (116,165) (106,526) (470,039) (455,587) (2,521,968) (3,084,440) - ----------- ----------- ----------- ----------- ---------- ---------- ----------- ----------- ----------- ------------ 1,591,535 1,933,881 1,079,378 1,406,297 240,001 288,646 1,164,432 1,455,694 1,926,769 2,115,112 =========== =========== =========== =========== ========== ========== =========== =========== =========== ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A56 FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") STATEMENT OF CHANGES IN NET ASSETS For the periods ended December 31, 2006 and 2005 Unaudited
SUBACCOUNTS --------------------------------------------------------------------------------------------------------------------- AST FIRST AST FIRST TRUST TRUST CAPITAL AST WELLS FARGO BALANCED APPRECIATION ADVANCED COLUMBIA WELLS FARGO ADVANTAGE ADVANTAGE VT TARGET TARGET STRATEGIES HIGH YIELD COLUMBIA VT SMALL CAP GROWTH TOTAL RETURN BOND PORTFOLIO PORTFOLIO PORTFOLIO FUND VS HIGH YIELD FUND VS --------------------- ----------------------- ------------ ------------ ------------ ---------- --------------------- 01/01/2006 01/01/2005 01/01/2006 01/01/2005 3/20/2006* 3/20/2006* 3/20/2006* 5/1/2006* 01/01/2006 01/01/2005 TO TO TO TO TO TO TO TO TO TO 12/31/2006 12/31/2005 12/31/2006 12/31/2005 12/31/2006 12/31/2006 12/31/2006 12/31/2006 04/28/2006 12/31/2005 ---------- ---------- ----------- ----------- ------------ ------------ ------------ ---------- ---------- ---------- OPERATIONS Net investment income (loss)...... $ (76,334)$ (75,548)$ 445,806 $ 431,560 $ (3,177,503)$ (3,612,451)$ (3,845,600) $ 8,625 32,260 (8,373) Capital gains distribution received.... 130,376 0 0 81,999 0 0 0 4,037 0 0 Realized gain (loss) on shares redeemed.... (224,048) (877,683) (132,080) 63,248 (194,131) (612,530) 40,436 220 (5,083) 24,533 Net change in unrealized gain (loss) on investments. 1,172,977 1,143,935 (5,224) (491,619) 25,669,911 29,551,225 30,250,619 18,342 (22,127) (7,497) ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS... 1,002,971 190,704 308,502 85,188 22,298,277 25,326,244 26,445,455 31,224 5,050 8,663 ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- CONTRACT OWNER TRANSACTIONS Contract owner net payments.... 42,367 6,675 125,116 36,960 279,088,386 290,352,077 308,256,141 36 0 0 Surrenders, withdrawals and death benefits.... (758,856) (646,569) (2,903,869) (3,229,909) (6,350,075) (5,893,901) (7,887,144) (83,076) (63,965) (399,627) Net transfers between other subaccounts or fixed rate option...... (191,396) (281,125) (1,591,085) (427,391) 164,424,068 189,231,119 210,629,997 515,249 (568,450) (10,030) Withdrawal and other charges..... (3,757) (3,751) (5,993) (6,964) (22,680) (38,956) (31,863) (208) (164) (585) ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CONTRACT OWNER TRANSACTIONS. (911,642) (924,770) (4,375,831) (3,627,304) 437,139,699 473,650,339 510,967,131 432,001 (632,579) (410,242) ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- TOTAL INCREASE (DECREASE) IN NET ASSETS....... 91,329 (734,066) (4,067,329) (3,542,116) 459,437,976 498,976,583 537,412,586 463,225 (627,529) (401,579) NET ASSETS Beginning of period...... 5,211,599 5,945,665 17,781,144 21,323,260 0 0 0 0 627,529 1,029,108 ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- End of period...... $5,302,928 $5,211,599 $13,713,815 $17,781,144 $459,437,976 $498,976,583 $537,412,586 $463,225 0 627,529 ========== ========== =========== =========== ============ ============ ============ ======== ======== ========= Beginning units....... 529,844 635,944 1,328,686 1,599,730 0 0 0 0 44,187 73,544 ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- Units issued...... 55,802 30,043 30,934 42,234 55,896,702 66,429,015 65,783,412 56,309 (40,298) 8,522 Units redeemed.... (143,863) (136,143) (356,561) (313,278) (12,308,591) (18,626,616) (15,187,864) (13,096) (3,889) (37,879) ---------- ---------- ----------- ----------- ------------ ------------ ------------ -------- -------- --------- Ending units....... 441,783 529,844 1,003,059 1,328,686 43,588,111 47,802,399 50,595,548 43,213 0 44,187 ========== ========== =========== =========== ============ ============ ============ ======== ======== =========
* Date subaccount became available for investment THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. A57 NOTES TO FINANCIAL STATEMENTS OF AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B ("VARIABLE ACCOUNT B") UNAUDITED NOTE 1: GENERAL American Skandia Life Assurance Corporation Variable Account B, also referred to as the "Separate Account", is organized as a unit investment trust, a type of investment company, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940. American Skandia Life Assurance Corporation ("American Skandia" or the "Company"), which became a majority owned subsidiary of Prudential Financial, Inc. on May 1, 2003, commenced operations of the Separate Account, pursuant to Connecticut law on November 25, 1987. Under ss.38a-433 of the Connecticut General Statutes, the assets and liabilities of the Separate Account are clearly identified and distinguished from the other assets and liabilities of the Company. The assets of the Separate Account will not be charged with any liabilities arising out of any other business conducted by American Skandia. However, the Separate Account's obligations, including insurance benefits related to the annuities, are the obligations of American Skandia. The Separate Account is used as a funding vehicle for several flexible premium deferred variable annuity contracts, as well as two immediate variable annuities issued by American Skandia. The following is a list of each variable annuity product funded through the Separate Account. LifeVest Personal Security Annuity ("PSA") Wells Fargo Stagecoach Extra Credit ("Stagecoach Extra Credit") Alliance Capital Navigator ("ACN") Evergreen Skandia Harvester XTra Credit ("Harvester XTra Credit") American Skandia Advisor Plan ("ASAP") American Skandia XTra Credit Premier ("XTra Credit Premier") American Skandia Advisor Plan II ("ASAP II") American Skandia XTra Credit FOUR ("XTtra Credit FOUR") Evergreen Skandia Harvester Variable Annuity American Skandia XTra Credit FOUR Premier ("XTra Credit FOUR Premier") ("Harvester Variable Annuity") American Skandia XTra Credit SIX ("XTra Credit SIX") American Skandia Advisor Plan II Premier American Skandia Protector ("AS Protector") ("ASAP II Premier") Wells Fargo Stagecoach Variable Annuity ("Stagecoach") American Skandia Advisor Plan III ("ASAP III") Wells Fargo Stagecoach Variable Annuity Plus ("Stagecoach VA+") American Skandia Apex ("Apex") American Skandia Advisors Choice ("Choice") Wells Fargo Stagecoach Apex American Skandia Advisors Choice 2000 ("Choice 2000") American Skandia Apex II ("Apex II") American Skandia Impact ("AS Impact") American Skandia LifeVest ("ASL") Defined Investments Annuity Wells Fargo Stagecoach Variable Annuity Flex Galaxy Variable Annuity III ("Galaxy III") ("Stagecoach Flex") American Skandia Advisors Income Annuity ("ASAIA") American Skandia LifeVest Premier ("ASL Premier") American Skandia Variable Immediate Annuity ("ASVIA") American Skandia LifeVest II ("ASL II") American Skandia Optimum American Skandia LifeVest II Premier (ASL II Premier") American Skandia Optimum Plus American Skandia XTra Credit ("XTra Credit") American Skandia Optimum Four Stagecoach Apex II Stagecoach ASAP III Stagecoach XTra Credit SIX
The Annuities named above may be used as an investment vehicle for "qualified" investments, including an IRA, SEP-IRA, Roth IRA or Tax Sheltered Annuity (or 403(b)) or as an investment vehicle for "non-qualified" investments. When an Annuity is purchased as a "qualified" investment, it does not provide any tax advantages in addition to the preferential treatment already available under the Internal Revenue Code. The Separate Account consists of one hundred and twenty-six subaccounts, each of which invests in either a corresponding portfolio of The Prudential Series Fund, Inc., American Skandia Trust, (collectively the "Series Funds") or one of the non-Prudential administered funds (collectively, the "portfolios"). Certain subaccounts are available with only certain variable annuities offered through the Separate Account. The name of each Portfolio and the corresponding subaccount name are as follows: AMERICAN SKANDIA TRUST WELLS FARGO ADVANTAGE VARIABLE TRUST PROFUNDS VP AST AllianceBernstein Growth & Income Portfolio Asset Allocation Asia 30 AST T. Rowe Price Large-Cap Growth Portfolio Equity Income Banks AST American Century Income & Growth Portfolio C&B Large Cap Value Bear AST American Century Strategic Balanced Portfolio Large Company Core Biotechnology AST Money Market Portfolio International Core Basic Materials AST Cohen & Steers Realty Portfolio Large Company Growth UltraBull AST Global Allocation Portfolio Money Market Bull AST DeAm Large-Cap Value Portfolio Small Cap Growth Consumer Services AST DeAm Small-Cap Growth Portfolio Total Return Bond Consumer Goods AST DeAm Small-Cap Value Portfolio Oil & Gas AST High Yield Bond Portfolio EVERGREEN VARIABLE ANNUITY Europe 30 AST Federated Aggressive Growth Portfolio Balanced Fund Financials AST Mid-Cap Value Portfolio Growth Fund U.S. Government Plus AST Small-Cap Value Portfolio International Equity Fund Health Care AST Goldman Sachs Concentrated Growth Portfolio Fundamental Large Cap Fund Industrials AST Goldman Sachs Mid-Cap Growth Portfolio Omega Fund Internet AST Goldman Sachs Small-Cap Value Portfolio Special Values Fund Japan AST Large-Cap Value Portfolio Strategic Income Fund Precious Metals AST Lord Abbett Bond-Debenture Portfolio Mid-Cap Growth AST Marsico Capital Growth Portfolio FIRST TRUST Mid-Cap Value AST MFS Growth Portfolio Managed VIP Pharmaceuticals AST Neuberger Berman Mid-Cap Growth Portfolio The Dow Target 10 Real Estate AST Neuberger Berman Mid-Cap Value Portfolio Global DividendTarget 15 Rising Rates Opportunity AST Small-Cap Growth Portfolio S&P Target 24 OTC AST PIMCO Limited Maturity Bond Portfolio NASDAQ Target 15 Semiconductor AST PIMCO Total Return Bond Portfolio Value Line Target 25 Small-Cap Growth AST AllianceBernstein Core Value Portfolio 10 Uncommon Values Short Mid-Cap AST AllianceBernstein Managed Index 500 Portfolio Energy Sector Short OTC AST T. Rowe Price Natural Resources Portfolio Financial Services Short Small-Cap AST T. Rowe Price Asset Allocation Portfolio PharmHealth Sector Small-Cap Value AST International Value Portfolio Technology Technology AST MFS Global Equity Portfolio Dow Target Dividend Telecommunications AST JPMorgan International Equity Portfolio UltraMid-Cap AST T. Rowe Price Global Bond Portfolio UltraOTC
A58 AST International Growth Portfolio AIM VARIABLE INSURANCE Large-Cap Growth AST Aggressive Asset Allocation Portfolio Dynamics Fund Large-Cap Value AST Capital Growth Asset Allocation Portfolio Financial Services Fund UltraSmall-Cap Utilities AST Balanced Asset Allocation Portfolio Global Health Care Fund RYDEX VARIABLE TRUST AST Conservative Asset Allocation Portfolio Technology Fund Nova AST Preservation Asset Allocation Portfolio Inverse S&P 500 AST First Trust Balanced Target Portfolio COLUMBIA OTC AST First Trust Capital Appreciation Target Portfolio Large Cap Growth Stock Fund, VS AST Advanced Strategies Portfolio Asset Allocation Fund VS Davis Federal Securities Fund VS Value Fund GARTMORE GVIT Money Market Fund VS Developing Markets Small Company Growth Fund VS ACCESS ONE TRUST High Yield Fund VS VP High Yield Fund PRUDENTIAL SERIES FUNDS SP International Growth
A59 NOTE 2: SIGNIFICANT ACCOUNTING POLICIES The accompanying financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. Investments - The investments in shares of the portfolios are stated at the net asset value of the respective portfolios, whose investment securities are stated at value. Security Transactions - Realized gains and losses on security transactions are determined based upon an average cost. Purchase and sale transactions are recorded as of the trade date of the security being purchased or sold. Distributions Received - Dividend and capital gain distributions received are reinvested in additional shares of the portfolios and are recorded on the ex distribution date. RESTATEMENT OF COLUMBIA ASSET ALLOCATION VS AND COLUMBIA FEDERAL SECURITIES VS SUBACCOUNTS In 2004, the mutual funds in which the Columbia Asset Allocation VS and the Columbia Federal Securities VS subaccounts were invested declared a dividend which was automatically reinvested in the fund shares. The dividend and the shares were omitted in error from the subaccounts' records. The restatement reflects the effects of correcting the error, which includes recognition of the following: a) Dividend income and additional shares received in 2004, as well as the income earned on the additional shares in 2005 b) Realized gain on sale of the shares in 2005 and a corresponding receivable from the insurance company, along with adjustments to the receivable for subsequent changes in the value of the shares sold c) A payable to reflect the additional amounts due to unitholders that withdrew or transferred out of the subaccount, along with a corresponding charge to capital transactions Effects of the restatement by line item follow: Statement of Financial Postion COLUMBIA ASSET ALLOCATION VS
2005 2004 --------------------- --------------------- As As previously As previously As At December 31 (In Thousands) reported restated reported restated ---------- --------- ---------- --------- Assets Investment in the portfolios, at value $ 14,772 $ 14,772 $ 20,666 $ 21,307 Receivable from American Skandia Life Assurance Corporation 0 683 0 0 --------- --------- --------- --------- Total Assets 14,772 15,455 20,666 21,307 Liabilities Payable to former unitholders 0 343 0 166 --------- --------- --------- --------- Net assets attributable accumulation Units $ 14,772 $ 15,112 $ 20,666 $ 21,141 ========= ========= ========= ========= Units Outstanding 1,095 1,095 1,615 1,615 ========= ========= Portfolio shares held 959 959 1,394 1,437 Portfolio net asset value per share $ 15.40 $ 15.40 $ 14.83 $ 14.83 Investment in portfolo shares, at cost $ 11,090 $ 11,090 $ 15,920 $ 16,515 Dividend Income $ 465 $ 481 $ 0 $ 595 --------- --------- --------- --------- Charges to the contract owners for assuming mortality risk and expense risk and for administration 170 170 232 232 --------- --------- --------- --------- Net Invesment Income (Loss) 295 311 (232) 363 --------- --------- --------- --------- Capital gains distributions received 0 0 0 0 Realized gain (loss) on shares redeemed 1,563 1,584 1,349 1,349 Net change in unrealized gain (loss) on Investments (1,063) (1,109) 114 160 --------- --------- --------- --------- Net Gain (Loss) on Investment 500 475 1,463 1,509 --------- --------- --------- --------- Net Increase (Decrease) In Net Assets Resulting from Operations $ 795 $ 786 $ 1,231 $ 1,872 ========= ========= ========= =========
Net Investment income (loss) $ 295 $ 311 $ (232) $ 363 Capital gains distributions received 0 0 0 0 Realized gain (loss) on shares 1,562 1,584 1,349 1,349 Net change in unrealized gain (loss) on investments (1,063) (1,109) 114 160 --------- --------- --------- --------- Net Increase (Decrease) in Net Assets Resulting from Operations 794 786 1,231 1,872 --------- --------- --------- --------- Contract owner net payments 31 31 71 71 Surrenders,withdrawals and death benefits (5,389) (5,389) (6,303) (6,303) Net transfers between Other subaccounts or fixed rate option (1,310) (1,437) (847) (1,013) Withdrawal and other charges (20) (20) (29) (29) --------- --------- --------- --------- Net Increase (Decrease) in Net Assets Resulting from Contract Owner Transactions (6,688) (6,815) (7,108) (7,274) Total Increase (Decrease) in Net Assets (5,894) (6,029) (5,877) (5,402) Net Assets Beginning of period 20,666 21,141 26,543 26,543 --------- --------- --------- --------- End of period $ 14,772 $ 15,112 $ 20,666 $ 21,141 ========= ========= ========= ========= FINANCIAL HIGHLIGHTS Unit Value $13.49383 $13.80419 $12.79458 $13.08886 Net Assets $ 14,772 $ 15,112 $ 20,666 $ 21,141 Investment Income Ratio 2.75% 2.77% 0.00% 2.52% Total Return 5.47% 5.47% 6.39% 8.83%
COLUMBIA FEDERAL SECURITIES VS
2005 2004 --------------------- --------------------- As As previously As previously As At December 31 (In Thousands) reported restated reported restated ---------- --------- ---------- --------- Assets Investment in the portfolios, at value $ 3,275 $ 3,275 $ 4,681 $ 5,043 Receivable from American Skandia Life Assurance Corporation 0 371 0 0 --------- --------- -------- --------- Total Assets 3,275 3,646 4,681 5,043 Liabilities Payable to former unitholders 0 210 0 132 --------- --------- -------- --------- Net assets attributable accumulation Units $ 3,275 $ 3,436 $ 4,681 $ 4,911 ========= ========= ======== ========= Units Outstanding 325 325 472 472 ========= ========= ======== ========= Portfolio shares held 306 306 422 455 Portfolio net asset value per share $ 10.71 $ 10.71 $ 11.09 $ 11.09 Investment in portfolo shares, at cost $ 3,349 $ 3,349 $ 4,640 $ 4,997
Dividend Income $ 221 $ 242 $ 0 $ 349 Charges to the contract owners for assuming mortality risk and expense risk and for administration 38 38 61 61 --------- --------- -------- --------- Net Invesment Income (Loss) 183 204 (61) 288 --------- --------- -------- --------- Capital gains distributions received 13 14 0 8 Realized gain (loss) on shares redeemed (21) (49) 2 2 Net change in unrealized gain (loss) on Investments (115) (120) (108) (103) --------- --------- -------- --------- Net Gain (Loss) on Investment (123) (155) (106) (93) --------- --------- -------- --------- Net Increase (Decrease) In Net Assets Resulting from Operations $ 60 $ 49 $ (167) $ 195 ========= ========= ======== ========= Net Investment income (loss) $ 184 $ 204 $ (61) $ 288 Capital gains distributions received 13 14 0 8 Realized gain (loss) on shares (22) (49) 2 2 Net change in unrealized gain (loss) on investments (115) (120) (108) (103) --------- --------- -------- --------- Net Increase (Decrease) in Net Assets Resulting from Operations 60 49 (167) 195 --------- --------- -------- --------- Contract owner net payments (4) (3) 48 48 Surrenders,withdrawals and death benefits (916) (916) (2,715) (2,715) Net transfers between Other subaccounts or fixed rate option (542) (601) (391) (522) Withdrawal and other charges (4) (4) (7) (7) --------- --------- -------- --------- Net Increase (Decrease) in Net Assets Resulting from Contract Owner Transactions (1,466) (1,524) (3,065) (3,196) Total Increase (Decrease) in Net Assets (1,406) (1,475) (3,232) (3,001) Net Assets Beginning of period 4,681 4,911 7,913 7,913 --------- --------- -------- --------- End of period $ 3,275 $ 3,436 $ 4,681 $ 4,911 ========= ========= ======== ========= FINANCIAL HIGHLIGHTS Unit Value $10.07953 $10.57645 $9.92507 $10.41437 Net Assets $ 3,275 $ 3,436 $ 4,681 $ 4,911 Investment Income Ratio 5.85% 6.05% 0.00% 5.52% Total Return 1.56% 1.56% -1.98% 2.86%
NOTE 3: TAXES American Skandia Life Assurance Corporation is taxed as a "life insurance company" as defined by the Internal Revenue Code. The results of operations of the Account form a part of PFI's consolidated federal tax return. Under current federal law, no federal income taxes are payable by the Account. As such, no provision for tax liability has been recorded in these financial statements. Prudential Management will review periodically the status of this policy in the event of changes in the tax law. A charge may be made in future years for any federal income taxes that would be attributable to the contracts. NOTE 4: DISTRIBUTIONS RECEIVED Dividends accrued and/or accrued and paid by the Portfolios to the Separate Account for its share of the dividends were reinvested in additional full and fractional shares of the applicable Portfolios and are recorded on the ex distribution date. Such additional full and fractional shares of the Portfolios are reflected in the daily calculation of the accumulation unit value for each Sub-account of the Separate Account. NOTE 5: PURCHASES AND SALES OF INVESTMENTS The aggregate costs of purchases and proceeds from sales, excluding distributions received and reinvested, of investments in the portfolios for the year ended December 31, 2006 were as follows:
PURCHASES SALES -------------- --------------- AST AllianceBernstein Growth & Income Portfolio ........ $ 169,228,513 $(1,010,104,802) AST T. Rowe Price Large-Cap Growth Portfolio ........... $ 157,986,139 $ (110,380,814) AST American Century Income & Growth Portfolio ......... $ 47,355,694 $ (112,795,378) AST American Century Strategic Balanced Portfolio ...... $ 24,423,469 $ (71,610,545) AST Money Market Portfolio ............................. $4,717,653,843 $(4,811,062,161) AST Cohen & Steers Realty Portfolio .................... $ 141,969,098 $ (148,788,892) AST Global Allocation Portfolio ........................ $ 17,375,957 $ (55,108,023) AST DeAm Large-Cap Value Porfolio ...................... $ 173,604,057 $ (60,363,744) AST DeAm Small-Cap Growth Porfolio ..................... $ 41,271,970 $ (102,113,924) AST DeAm Small-Cap Value Porfolio ...................... $ 41,981,154 $ (52,954,308) AST High Yield Portfolio ............................... $ 287,531,351 $ (383,390,023) AST Federated Aggressive Growth Portfolio .............. $ 119,619,352 $ (226,390,748) AST Mid-Cap Value Portfolio ............................ $ 29,533,972 $ (60,806,696) AST Small-Cap Value Portfolio .......................... $ 106,394,213 $ (369,608,699) AST Goldman Sachs Concentrated Growth Portfolio ........ $ 28,822,927 $ (200,278,973) AST Goldman Sachs Mid-Cap Growth Portfolio ............. $ 50,238,393 $ (152,284,560) AST Goldman Sachs Small-Cap Value Portfolio ............ $ 5,471,894 $ (74,777,380) AST Large-Cap Value Portfolio .......................... $ 158,782,081 $ (237,921,303) AST Lord Abbett Bond-Debenture Portfolio ............... $ 167,386,096 $ (302,304,426) AST Marsico Capital Growth Portfolio ................... $ 278,281,373 $ (906,537,234) AST MFS Growth Portfolio ............................... $ 40,179,498 $ (191,140,208) AST Neuberger Berman Mid-Cap Growth Portfolio .......... $ 104,054,138 $ (252,524,429) AST Neuberger Berman Mid-Cap Value Portfolio ........... $ 94,079,118 $ (472,601,739) AST Small-Cap Growth Portfolio ......................... $ 47,273,541 $ (80,172,136) AST PIMCO Limited Maturity Bond Portfolio .............. $ 230,133,931 $ (605,421,656) AST PIMCO Total Return Bond Portfolio .................. $ 298,396,386 $ (426,873,405) AST AllianceBernstein Core Value Portfolio ............. $ 198,957,176 $ (97,854,297) AST AllianceBernstein Managed Index 500 Portfolio ...... $ 66,298,833 $ (169,210,883) AST T. Rowe Price Natural Resources Portfolio .......... $ 158,710,250 $ (214,104,199) AST T. Rowe Price Asset Allocation Portfolio ........... $ 103,377,808 $ (120,433,310) AST International Value Portfolio ...................... $ 147,798,873 $ (84,579,159) AST MFS Global Equity Portfolio ........................ $ 124,445,171 $ (70,989,116) AST JPMorgan International Equity Portfolio ............ $ 124,790,715 $ (179,257,192) AST T. Rowe Price Global Bond Portfolio ................ $ 124,235,499 $ (214,479,019) AST International Growth Portfolio ..................... $ 176,599,671 $ (646,057,016) AST Aggressive Asset Allocation Portfolio .............. $ 374,093,578 $ (100,786,865) AST Capital Growth Asset Allocation Portfolio .......... $2,891,216,320 $ (297,287,977) AST Balanced Asset Allocation Portfolio ................ $2,150,369,313 $ (210,453,369) AST Conservative Asset Allocation Portfolio ............ $ 621,224,558 $ (139,189,716) AST Preservation Asset Allocation Portfolio ............ $ 378,098,270 $ (152,901,958) Davis Value Portfolio .................................. $ 3,545,688 $ (1,718,952) Evergreen VA Balanced Fund ............................. $ 169,628 $ (1,374,309) Evergreen VA Growth Fund ............................... $ 22,473,385 $ (28,752,528) Evergreen VA International Equity Fund ................. $ 59,225,104 $ (46,893,110) Evergreen VA Fundamental Large Cap Fund ................ $ 959,268 $ (1,840,650) Evergreen VA Omega Fund ................................ $ 7,302,032 $ (14,894,414) Evergreen VA Special Values Fund ....................... $ 1,390,780 $ (2,071,922) Evergreen VA Strategic Income Fund ..................... $ 957,317 $ (1,220,565) Columbia Asset Allocation Fund VS ...................... $ 37,746 $ (3,496,879) Columbia Federal Securities Fund VS .................... $ 1,110 $ (1,339,997) Columbia Money Market Fund VS .......................... $ 1,438,644 $ (2,237,070) Columbia Small Company Growth Fund VS .................. $ 10,775 $ (404,065) Columbia Large Cap Growth Stock VS ..................... $ 27,862 $ (3,750,399) Prudential SP International Growth ..................... $ 41,324,739 $ (37,326,093) Gartmore GVIT Developing Markets ....................... $ 204,983,519 $ (253,885,571) First Trust The Dow Target 10 .......................... $ 29,860,843 $ (17,657,732) First Trust 10 Uncommon Values ......................... $ 892,014 $ (2,417,220) First Trust Energy Sector .............................. $ 1,084,998 $ (1,932,918) First Trust Financal Services .......................... $ 257,869 $ (928,373) First Trust PharmHealth Sector ......................... $ 238,304 $ (666,544) First Trust Technology ................................. $ 84,029 $ (369,056) First Trust Global Dividend Target 15 .................. $ 100,595,943 $ (31,837,672) First Trust NASDAQ Target 15 ........................... $ 3,382,789 $ (3,171,160) First Trust S&P Target 24 .............................. $ 8,771,988 $ (11,122,319) First Trust Managed VIP ................................ $ 101,234,079 $ (99,497,326)
A65 First Trust Value Line Target 25 ....................... $ 19,791,346 $ (31,086,050) First Trust Dow Target Dividend ........................ $ 93,181,122 $ (64,106,506) ProFund VP Asia 30 ..................................... $ 311,236,917 $ (238,891,804) ProFund VP Banks ....................................... $ 78,220,984 $ (78,915,041) ProFund VP Bear ........................................ $ 456,213,570 $ (470,272,994) ProFund VP Biotechnology ............................... $ 62,951,786 $ (74,556,953) ProFund VP Basic Materials ............................. $ 149,359,867 $ (153,846,243) ProFund VP UltraBull ................................... $ 269,576,655 $ (265,562,338) ProFund VP Bull ........................................ $ 742,629,405 $ (759,186,582) ProFund VP Consumer Services ........................... $ 42,985,754 $ (40,862,109) ProFund VP Consumer Goods .............................. $ 72,471,819 $ (62,610,562) ProFund VP Oil & Gas ................................... $ 342,065,128 $ (368,255,985) ProFund VP Europe 30 ................................... $ 278,046,264 $ (247,728,207) ProFund VP Financials .................................. $ 135,160,746 $ (126,633,504) ProFund VP U.S. Government Plus ........................ $ 331,210,128 $ (387,005,670) ProFund VP Health Care ................................. $ 97,082,776 $ (90,138,979) ACCESS VP High Yield Fund .............................. $ 95,356,252 $ (101,780,603) ProFund VP Industrials ................................. $ 133,662,463 $ (135,232,357) ProFund VP Internet .................................... $ 45,859,257 $ (61,531,083) ProFund VP Japan ....................................... $ 260,594,144 $ (322,399,997) ProFund VP Precious Metals ............................. $ 386,067,907 $ (377,996,591) ProFund VP Mid-Cap Growth .............................. $ 590,935,379 $ (685,093,908) ProFund VP Mid-Cap Value ............................... $ 552,208,891 $ (557,351,729) ProFund VP Pharmaceuticals ............................. $ 109,984,991 $ (100,716,491) ProFund VP Real Estate ................................. $ 516,654,570 $ (495,507,857) ProFund VP Rising Rates Opportunity .................... $ 300,851,179 $ (310,317,536) ProFund VP OTC ......................................... $ 341,858,231 $ (365,160,508) ProFund VP Semiconductor ............................... $ 77,479,541 $ (84,086,194) ProFund VP Small-Cap Growth ............................ $ 588,062,265 $ (706,606,461) ProFund VP Short Mid-Cap ............................... $ 109,485,516 $ (106,470,008) ProFund VP Short OTC ................................... $ 704,343,703 $ (708,705,949) ProFund VP Short Small-Cap ............................. $ 410,440,928 $ (400,076,152) ProFund VP Small-Cap Value ............................. $ 399,548,063 $ (369,644,241) ProFund VP Technology .................................. $ 55,460,048 $ (57,360,172) ProFund VP Telecommunications .......................... $ 177,052,582 $ (148,800,899) ProFund VP UltraMid-Cap ................................ $ 582,079,718 $ (595,672,751) ProFund VP UltraOTC .................................... $ 306,378,149 $ (339,643,240) ProFund VP UltraSmall-Cap .............................. $ 476,690,460 $ (467,887,714) ProFund VP Utilities ................................... $ 203,332,928 $ (189,337,478) ProFund VP Large-Cap Growth ............................ $ 172,846,592 $ (186,165,411) ProFund VP Large-Cap Value ............................. $ 361,237,551 $ (302,985,080) Rydex Nova ............................................. $ 272,325 $ (2,025,439) Rydex OTC .............................................. $ 363,758 $ (7,867,641) Rydex Inverse S&P 500 .................................. $ 26,600 $ (410,060) AIM V.I. Dynamics Fund ................................. $ 61,454,335 $ (64,267,634) AIM V.I. Financial Services Fund ....................... $ 24,631,909 $ (41,108,563) AIM V.I. Global Health Care Fund ....................... $ 27,040,075 $ (46,429,273) AIM V.I. Technology Fund ............................... $ 5,724,227 $ (22,280,515) Wells Fargo Advantage VT Asset Allocation .............. $ 1,527,976 $ (33,612,390) Wells Fargo Advantage VT Equity Income ................. $ 19,704,509 $ (17,737,483) Wells Fargo Advantage VT C&B Large Cap Value ........... $ 2,298,753 $ (5,865,984) Wells Fargo Advantage VT Large Company Core ............ $ 198,671 $ (6,236,817) Wells Fargo Advantage VT International Core ............ $ 686,688 $ (1,163,247) Wells Fargo Advantage VT Large Company Growth .......... $ 1,322,405 $ (3,871,076) Wells Fargo Advantage VT Money Market .................. $ 12,490,388 $ (15,323,910) Wells Fargo Advantage VT Small Cap Growth .............. $ 559,821 $ (1,547,797) Wells Fargo Advantage VT Total Return Bond ............. $ 244,109 $ (4,841,377) AST First Trust Balanced Target Portfolio .............. $ 480,567,920 $ (46,605,724) AST First Trust Capital Appreciation Target Portfolio .. $ 551,092,594 $ (81,054,705) AST Advanced Strategies Portfolio ...................... $ 563,521,294 $ (56,399,764) Columbia High Yield Fund VS ............................ $ 563,775 $ (135,019) Columbia High Yield Fund VS ............................ $ 0 $ (634,543)
A66 NOTE 6: RELATED PARTY TRANSACTIONS Prudential and its affiliates perform various services on behalf of the Series Funds in which the Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, preparation, postage, fund transfer agency and various other record keeping and customer service functions. The Series Funds have management agreements with Prudential Investment LLC ("PI") and American Skandia Investment Services, Inc, indirect, wholly-owned subsidiaries of Prudential (together the "Investment Managers"). Pursuant to these agreements, the Investment Managers have responsibility for all investment advisory services and supervise the subadvisors' performance of such services. The Investment Managers entered into subadvisory agreements with several subadvisors, including Prudential Investment Management, Inc. and Jennison Associates LLC, which are indirect, wholly-owned subsidiaries of Prudential. The Prudential Series Fund has a distribution agreement with Prudential Investment Management Services LLC ("PIMS"), an indirect, wholly-owned subsidiary of Prudential, which acts as the distributor of the Class I and Class II shares of the Series Fund. The Investment Managers have agreed to reimburse certain portfolios of the Series Funds the portion of the management fee for that Portfolio equal to the amount that the aggregate annual ordinary operating expenses (excluding interest, taxes, and brokerage commissions) exceeds various agreed upon percentages of the portfolio's average daily net assets. A67 NOTE 7: FINANCIAL HIGHLIGHTS American Skandia Life Assurance Corporation sells a number of variable annuity products that are funded by the Account. These products have unique combinations of features and fees that are charged against the contract owner's account balance. Differences in the fee structures result in a variety of unit values, expense ratios and total returns. The following table was developed by determining which products offered by American Skandia Life Assurance Corporation and funded by the Account have the lowest and highest expense ratio. Only product designs within each subaccount that had units outstanding throughout the respective periods were considered when determining the lowest and highest expense ratio. The summary may not reflect the minimum and maximum contract charges offered by American Skandia Life Assurance Corporation as contract owners may not have selected all available and applicable contract options.
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- ------------------------------------------------ UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- ---------- ---------- ---------------- ------------------ AST ALLIANCEBERNSTEIN GROWTH & INCOME PORTFOLIO December 31, 2006 119,941 $11.60125 to $36.38702 $2,257,991 1.04% 0.65 - 2.75% 14.05% to 16.51% December 31, 2005 167,797 $11.74580 to $28.96918 $2,733,461 1.08% 0.65 - 2.50% 2.16% to 4.09% December 31, 2004 111,669 $11.49737 to $27.83006 $2,126,109 0.70% 0.65 - 2.50% 10.29% to 14.97% December 31, 2003 90,205 $12.70091 to $25.23419 $1,806,873 1.11% 0.65 - 2.40% 29.25% to 31.57% December 31, 2002 59,064 $ 9.82658 to $19.17989 $1,146,240 0.86% 0.65 - 2.40% -23.78% to -0.21% AST T. ROWE PRICE LARGE-CAP GROWTH PORTFOLIO December 31, 2006 25,618 $ 6.94589 to $16.34919 $ 311,810 0.00% 0.65 - 2.75% 2.74% to 4.96% December 31, 2005 18,694 $11.99910 to $15.57709 $ 248,066 0.00% 0.65 - 2.50% 13.52% to 15.67% December 31, 2004 17,249 $10.56992 to $13.46712 $ 204,984 0.00% 0.65 - 2.50% 5.06% to 5.70% December 31, 2003 19,858 $11.27094 to $12.81863 $ 230,630 0.00% 0.65 - 2.40% 22.90% to 20.74% December 31, 2002 24,258 $ 9.33517 to $10.43013 $ 234,801 0.00% 0.65 - 2.40% -31.43% to -0.80% AST AMERICAN CENTURY INCOME & GROWTH PORTFOLIO December 31, 2006 23,133 $10.56467 to $18.34880 $ 372,464 1.81% 0.65 - 2.75% 13.65% to 16.10% December 31, 2005 27,143 $11.95769 to $15.80446 $ 382,331 1.73% 0.65 - 2.50% 2.02% to 3.95% December 31, 2004 32,369 $11.72086 to $15.20389 $ 444,889 0.92% 0.65 - 2.50% 11.85% to 17.21% December 31, 2003 23,661 $12.42720 to $13.59275 $ 297,694 1.25% 0.65 - 2.40% 25.69% to 27.94% December 31, 2002 25,314 $ 9.88735 to $10.62436 $ 253,210 1.01% 0.65 - 2.40% -20.34% to -0.14% AST AMERICAN CENTURY STRATEGIC BALANCED PORTFOLIO December 31, 2006 11,074 $11.04670 to $18.17968 $ 168,793 2.06% 0.65 - 2.50% 6.93% to 8.96% December 31, 2005 13,907 $11.19489 to $16.68539 $ 199,852 1.70% 0.65 - 2.50% 2.00% to 3.93% December 31, 2004 15,965 $10.97516 to $16.05433 $ 226,427 1.41% 0.65 - 2.50% 8.28% to 9.75% December 31, 2003 16,878 $11.55842 to $14.82731 $ 226,926 2.10% 0.65 - 2.40% 16.02% to 18.10% December 31, 2002 14,602 $ 9.96247 to $12.55502 $ 171,665 2.35% 0.65 - 2.40% -10.33% to -0.05% AST MONEY MARKET PORTFOLIO December 31, 2006 137,602 $ 9.87678 to $14.66380 $1,602,715 4.50% 0.65 - 2.75% 1.71% to 3.90% December 31, 2005 139,358 $ 9.80561 to $14.11325 $1,610,700 2.68% 0.65 - 2.50% 0.18% to 2.07% December 31, 2004 113,670 $ 9.78845 to $13.82701 $1,340,662 0.85% 0.65 - 2.50% 0.18% to -2.12% December 31, 2003 142,666 $ 9.80452 to $13.80160 $1,735,627 0.64% 0.65 - 2.40% -0.03% to -1.79% December 31, 2002 214,020 $ 9.98296 to $13.80523 $2,711,657 1.28% 0.65 - 2.40% 0.63% to -0.02% AST COHEN & STEERS REALTY PORTFOLIO December 31, 2006 18,292 $15.83481 to $33.72469 $ 533,825 1.34% 0.65 - 2.75% 32.99% to 35.85% December 31, 2005 18,374 $15.75675 to $23.64628 $ 399,859 1.49% 0.65 - 2.50% 11.96% to 14.08% December 31, 2004 21,624 $14.07377 to $20.72860 $ 417,810 2.35% 0.65 - 2.50% 37.05% to 40.74% December 31, 2003 19,867 $13.84411 to $15.12485 $ 284,339 3.24% 0.65 - 2.40% 34.14% to 36.54% December 31, 2002 16,394 $10.32061 to $11.07698 $ 174,175 2.69% 0.65 - 2.40% 0.39% to 1.98% AST GLOBAL ALLOCATION PORTFOLIO December 31, 2006 9,287 $10.35382 to $22.56635 $ 180,123 2.76% 0.65 - 2.75% 8.09% to 10.42% December 31, 2005 10,921 $11.70740 to $20.43690 $ 198,585 3.48% 0.65 - 2.50% 4.27% to 6.24% December 31, 2004 12,928 $11.22783 to $19.23581 $ 227,847 1.17% 0.65 - 2.50% 10.37% to 12.28% December 31, 2003 15,841 $11.58375 to $17.42916 $ 260,113 1.26% 0.65 - 2.40% 18.76% to 16.66% December 31, 2002 19,851 $ 9.92908 to $14.67652 $ 279,799 3.87% 0.65 - 2.40% -15.98% to -0.09% AST DEAM LARGE-CAP VALUE PORFOLIO December 31, 2006 20,638 $12.56881 to $19.18071 $ 326,334 0.87% 0.65 - 2.75% 18.39% to 20.94% December 31, 2005 12,952 $12.46025 to $13.06300 $ 168,747 0.89% 0.65 - 2.50% 6.60% to 8.62% December 31, 2004 11,312 $11.47150 to $12.25374 $ 135,506 0.73% 0.65 - 2.50% 17.40% to 22.54% December 31, 2003 7,016 $ 9.77171 to $12.32055 $ 70,285 0.70% 0.65 - 2.40% 25.77% to 23.56% December 31, 2002 5,641 $ 7.76938 to $ 9.97143 $ 43,855 0.34% 0.65 - 2.40% -15.85% to -0.03% AST DEAM SMALL-CAP GROWTH PORFOLIO December 31, 2006 19,451 $ 7.31073 to $16.38481 $ 205,153 0.00% 0.65 - 2.75% 4.80% to 7.06% December 31, 2005 25,315 $10.04561 to $10.79424 $ 249,998 0.00% 0.65 - 2.50% -2.14% to -0.29% December 31, 2004 33,206 $10.07492 to $11.03040 $ 329,275 0.00% 0.65 - 2.50% 8.72% to 10.30% December 31, 2003 43,078 $ 9.26658 to $13.98439 $ 390,757 0.00% 0.65 - 2.40% 46.62% to 44.04% December 31, 2002 46,271 $ 6.31998 to $ 9.70850 $ 284,716 0.00% 0.65 - 2.40% -26.94% to -0.35% AST DEAM SMALL-CAP VALUE PORFOLIO December 31, 2006 6,906 $11.57921 to $20.70077 $ 115,527 0.27% 0.65 - 2.75% 16.66% to 19.17% December 31, 2005 7,609 $12.54150 to $13.41301 $ 107,012 0.14% 0.65 - 2.50% -1.33% to 0.53% December 31, 2004 7,655 $12.71086 to $13.34194 $ 106,466 0.17% 0.65 - 2.50% 21.32% to 27.11% December 31, 2003 4,136 $10.99748 to $14.10712 $ 46,727 0.06% 0.65 - 2.40% 42.52% to 40.02% December 31, 2002 1,070 $ 7.71623 to $10.07542 $ 8,255 0.00% 0.65 - 2.40% -15.33% to 0.09% AST HIGH YIELD PORTFOLIO December 31, 2006 33,761 $10.48319 to $19.33036 $ 532,516 9.16% 0.65 - 2.75% 7.33% to 9.64% December 31, 2005 39,067 $11.08735 to $17.63140 $ 576,165 7.99% 0.65 - 2.50% -1.40% to 0.47% December 31, 2004 53,427 $11.24489 to $17.54975 $ 798,600 7.93% 0.65 - 2.50% 10.36% to 12.45% December 31, 2003 61,278 $12.17247 to $15.90287 $ 860,658 6.36% 0.65 - 2.40% 20.80% to 18.67% December 31, 2002 47,108 $10.25746 to $13.16510 $ 571,449 10.51% 0.65 - 2.40% -0.61% to 0.31% AST FEDERATED AGGRESSIVE GROWTH PORTFOLIO December 31, 2006 29,587 $11.45211 to $24.54379 $ 485,583 0.00% 0.65 - 2.75% 9.81% to 12.18% December 31, 2005 36,136 $11.28778 to $13.48578 $ 531,526 0.00% 0.65 - 2.50% 6.71% to 8.73% December 31, 2004 24,666 $10.38145 to $12.64000 $ 346,354 0.00% 0.65 - 2.50% 22.26% to 26.40% December 31, 2003 17,697 $ 8.49102 to $16.30280 $ 186,698 0.00% 0.65 - 2.40% 68.39% to 65.43% December 31, 2002 7,054 $ 5.04253 to $ 9.85500 $ 38,808 0.00% 0.65 - 2.40% -29.65% to -0.17%
A68 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- ------------------------------------------------ UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- ---------- ---------- ---------------- ------------------ AST MID-CAP VALUE PORTFOLIO December 31, 2006 10,060 $12.82794 to $18.29892 $ 143,922 0.54% 0.65 - 2.50% 11.40% to 13.50% December 31, 2005 12,416 $12.44692 to $12.49605 $ 156,575 0.42% 0.65 - 2.50% 2.80% to 4.74% December 31, 2004 15,879 $11.92999 to $12.10784 $ 191,481 0.27% 0.65 - 2.50% 14.57% to 21.08% December 31, 2003 17,029 $10.41282 to $13.30741 $ 178,004 0.68% 0.65 - 2.40% 34.97% to 32.60% December 31, 2002 14,512 $ 7.71483 to $10.03600 $ 110,955 0.72% 0.65 - 2.40% -21.23% to 0.04% AST SMALL-CAP VALUE PORTFOLIO December 31, 2006 47,594 $12.31589 to $25.93237 $ 956,554 0.45% 0.65 - 2.75% 16.75% to 19.27% December 31, 2005 60,672 $12.59028 to $21.74339 $1,038,873 0.08% 0.65 - 2.50% 3.99% to 5.95% December 31, 2004 53,139 $12.10770 to $20.52193 $ 909,575 0.01% 0.65 - 2.50% 15.68% to 21.08% December 31, 2003 49,565 $13.35296 to $17.74013 $ 763,348 0.18% 0.65 - 2.40% 32.53% to 34.90% December 31, 2002 40,877 $10.07575 to $13.15059 $ 493,563 0.45% 0.65 - 2.40% -9.97% to 0.09% AST GOLDMAN SACHS CONCENTRATED GROWTH PORTFOLIO December 31, 2006 27,074 $ 4.84678 to $26.74648 $ 618,327 0.00% 0.65 - 2.50% 7.25% to 9.28% December 31, 2005 33,371 $10.62353 to $23.28207 $ 728,589 0.54% 0.65 - 2.50% 0.75% to 2.65% December 31, 2004 42,899 $10.54471 to $22.68033 $ 941,719 0.00% 0.65 - 2.50% 3.02% to 5.45% December 31, 2003 49,868 $11.55992 to $22.01610 $1,118,525 0.34% 0.65 - 2.40% 24.43% to 22.24% December 31, 2002 60,040 $ 9.45638 to $17.69288 $1,118,624 0.81% 0.65 - 2.40% -30.29% to -0.66% AST GOLDMAN SACHS MID-CAP GROWTH PORTFOLIO December 31, 2006 38,464 $ 4.47207 to $16.25689 $ 307,253 0.00% 0.65 - 2.75% 3.36% to 5.59% December 31, 2005 52,068 $ 4.45507 to $12.16699 $ 388,958 0.00% 0.65 - 2.50% 2.15% to 4.08% December 31, 2004 38,744 $ 4.28036 to $11.91091 $ 273,819 0.00% 0.65 - 2.50% 15.60% to 19.11% December 31, 2003 30,465 $ 3.70271 to $12.67532 $ 158,036 0.00% 0.65 - 2.40% 30.74% to 28.44% December 31, 2002 18,856 $ 2.83207 to $ 9.86860 $ 59,604 0.00% 0.65 - 2.40% -27.93% to -0.16% AST GOLDMAN SACHS SMALL-CAP VALUE PORTFOLIO December 31, 2006 8,373 $11.92689 to $28.97468 $ 216,393 0.35% 0.65 - 2.75% 14.02% to 16.48% December 31, 2005 11,096 $16.69493 to $24.87582 $ 248,951 0.34% 0.65 - 2.40% 2.47% to 4.30% December 31, 2004 14,436 $19.57911 to $23.85041 $ 314,031 0.22% 0.65 - 2.25% 19.39% to 17.47% December 31, 2003 18,000 $16.66798 to $19.97660 $ 334,076 0.81% 0.65 - 2.25% 40.17% to 37.91% December 31, 2002 22,932 $10.08818 to $14.25182 $ 308,289 0.42% 0.65 - 2.40% -8.53% to 0.11% AST LARGE-CAP VALUE PORTFOLIO December 31, 2006 34,654 $11.78079 to $28.99375 $ 695,105 0.81% 0.65 - 2.75% 15.21% to 17.69% December 31, 2005 34,769 $12.19413 to $24.63567 $ 659,997 0.88% 0.65 - 2.50% 3.80% to 5.77% December 31, 2004 31,863 $11.74725 to $23.29235 $ 621,342 1.54% 0.65 - 2.50% 14.70% to 17.47% December 31, 2003 34,632 $11.58059 to $20.30746 $ 624,660 2.46% 0.65 - 2.40% 19.16% to 17.06% December 31, 2002 41,317 $ 9.89258 to $17.04202 $ 646,536 2.87% 0.65 - 2.40% -18.02% to -0.13% AST LORD ABBETT BOND-DEBENTURE PORTFOLIO December 31, 2006 44,058 $10.52727 to $14.28842 $ 582,676 5.00% 0.65 - 2.75% 6.79% to 9.09% December 31, 2005 54,113 $10.73312 to $13.09818 $ 662,777 3.54% 0.65 - 2.50% -1.36% to 0.51% December 31, 2004 34,381 $10.88128 to $13.03231 $ 430,122 3.22% 0.65 - 2.50% 6.72% to 8.81% December 31, 2003 29,164 $11.85070 to $12.21222 $ 345,377 3.32% 0.65 - 2.40% 17.97% to 15.90% December 31, 2002 16,189 $10.22530 to $10.35174 $ 163,891 2.62% 0.65 - 2.40% -0.25% to 0.27% AST MARSICO CAPITAL GROWTH PORTFOLIO December 31, 2006 166,628 $10.09670 to $20.21861 $2,486,479 0.06% 0.65 - 2.75% 4.30% to 6.54% December 31, 2005 206,076 $12.09065 to $18.97741 $2,944,324 0.00% 0.65 - 2.50% 4.17% to 6.14% December 31, 2004 153,174 $11.60677 to $17.87989 $2,275,906 0.00% 0.65 - 2.50% 14.92% to 16.07% December 31, 2003 124,378 $12.22664 to $15.55853 $1,688,228 0.00% 0.65 - 2.40% 30.88% to 28.58% December 31, 2002 96,160 $ 9.50890 to $11.88719 $1,064,091 0.00% 0.65 - 2.40% -16.11% to -0.59% AST MFS GROWTH PORTFOLIO December 31, 2006 47,011 $ 7.48410 to $14.50009 $ 440,821 0.00% 0.65 - 2.75% 6.66% to 8.95% December 31, 2005 63,684 $ 8.25189 to $11.40772 $ 549,513 0.01% 0.65 - 2.50% 3.67% to 5.63% December 31, 2004 66,404 $ 7.81177 to $11.00344 $ 529,399 0.00% 0.65 - 2.50% 9.96% to 10.03% December 31, 2003 82,051 $ 7.10395 to $11.34898 $ 587,305 0.00% 0.65 - 2.40% 22.10% to 19.95% December 31, 2002 90,640 $ 5.81829 to $ 9.46164 $ 520,897 0.00% 0.65 - 2.40% -28.64% to -0.65% AST NEUBERGER BERMAN MID-CAP GROWTH PORTFOLIO December 31, 2006 31,116 $ 8.42839 to $25.96795 $ 632,362 0.00% 0.65 - 2.75% 10.93% to 13.32% December 31, 2005 37,762 $12.95087 to $22.91637 $ 697,198 0.00% 0.65 - 2.50% 10.66% to 12.76% December 31, 2004 24,055 $11.70285 to $20.32356 $ 391,202 0.00% 0.65 - 2.50% 15.31% to 17.03% December 31, 2003 23,387 $12.11333 to $17.62481 $ 350,660 0.00% 0.65 - 2.40% 29.72% to 27.43% December 31, 2002 22,949 $ 9.50570 to $13.58723 $ 280,547 0.00% 0.65 - 2.40% -31.66% to -0.60% AST NEUBERGER BERMAN MID-CAP VALUE PORTFOLIO December 31, 2006 48,463 $11.61672 to $35.93418 $1,194,348 0.51% 0.65 - 2.75% 7.71% to 10.03% December 31, 2005 63,124 $14.17677 to $32.65772 $1,446,831 0.14% 0.65 - 2.50% 9.26% to 11.33% December 31, 2004 57,066 $12.97478 to $29.33422 $1,293,638 0.10% 0.65 - 2.50% 22.04% to 29.75% December 31, 2003 49,660 $13.26742 to $24.03736 $1,011,755 0.21% 0.65 - 2.40% 35.44% to 33.05% December 31, 2002 45,014 $ 9.97141 to $17.74792 $ 750,297 0.52% 0.65 - 2.40% -11.14% to -0.03% AST SMALL-CAP GROWTH PORTFOLIO December 31, 2006 10,695 $10.00731 to $20.38629 $ 169,871 0.00% 0.65 - 2.75% 9.52% to 11.88% December 31, 2005 12,337 $ 9.22813 to $18.22237 $ 182,203 0.00% 0.65 - 2.50% -1.04% to 0.83% December 31, 2004 14,656 $ 9.32482 to $18.07152 $ 221,444 0.00% 0.65 - 2.50% -7.55% to 6.75% December 31, 2003 19,782 $13.42627 to $19.54762 $ 328,021 0.00% 0.65 - 2.40% 41.76% to 44.30% December 31, 2002 20,229 $ 9.47098 to $13.54636 $ 246,737 0.00% 0.65 - 2.40% -0.64% to -6.40% AST PIMCO LIMITED MATURITY BOND PORTFOLIO December 31, 2006 113,953 $ 9.98960 to $16.28462 $1,352,973 3.08% 0.65 - 2.75% 0.98% to 3.15% December 31, 2005 142,948 $ 9.86775 to $15.78739 $1,673,435 1.15% 0.65 - 2.50% -0.90% to 0.97% December 31, 2004 98,739 $ 9.95764 to $15.63518 $1,227,262 3.16% 0.65 - 2.50% 1.40% to -0.42% December 31, 2003 74,966 $10.15911 to $15.41935 $ 998,795 2.15% 0.65 - 2.40% 2.61% to 0.81% December 31, 2002 76,972 $10.07788 to $15.02666 $1,051,871 4.35% 0.65 - 2.40% 5.52% to 0.09%
A69 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- ------------------------------------------------ UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- ---------- ---------- ---------------- ------------------ AST PIMCO TOTAL RETURN BOND PORTFOLIO December 31, 2006 106,511 $10.14614 to $20.13354 $1,532,655 3.72% 0.65 - 2.75% 0.89% to 3.07% December 31, 2005 109,303 $10.30972 to $19.53471 $1,607,279 3.73% 0.65 - 2.50% -0.05% to 1.84% December 31, 2004 153,053 $10.31507 to $19.18174 $2,195,640 3.96% 0.65 - 2.50% 4.28% to 3.15% December 31, 2003 138,373 $10.44618 to $18.39444 $2,076,469 3.64% 0.65 - 2.40% 4.64% to 2.79% December 31, 2002 141,070 $10.16240 to $17.57960 $2,216,132 3.90% 0.65 - 2.40% 8.51% to 0.20% AST ALLIANCEBERNSTEIN CORE VALUE PORTFOLIO December 31, 2006 28,556 $12.05765 to $18.21836 $ 450,429 1.21% 0.65 - 2.75% 18.02% to 20.56% December 31, 2005 21,260 $12.20566 to $13.16051 $ 280,083 1.21% 0.65 - 2.50% 2.88% to 4.83% December 31, 2004 22,498 $12.55472 to $11.86399 $ 285,690 1.31% 0.65 - 2.50% 13.18% to 18.64% December 31, 2003 17,015 $11.09275 to $12.61690 $ 190,736 0.72% 0.65 - 2.40% 27.48% to 25.23% December 31, 2002 22,845 $ 8.70189 to $10.07482 $ 198,132 0.18% 0.65 - 2.40% -13.81% to 0.09% AST ALLIANCEBERNSTEIN MANAGED INDEX 500 PORTFOLIO December 31, 2006 31,311 $ 9.56159 to $15.54492 $ 438,379 1.10% 0.65 - 2.75% 9.51% to 11.87% December 31, 2005 38,738 $11.42202 to $13.89566 $ 491,179 1.37% 0.65 - 2.50% 0.96% to 2.87% December 31, 2004 43,544 $13.50788 to $11.31331 $ 544,672 0.84% 0.65 - 2.50% 9.27% to 13.13% December 31, 2003 44,902 $12.36228 to $12.18203 $ 520,582 1.20% 0.65 - 2.40% 26.49% to 24.26% December 31, 2002 45,680 $ 9.77329 to $ 9.80334 $ 424,773 1.15% 0.65 - 2.40% -21.15% to -0.24% AST T. ROWE PRICE NATURAL RESOURCES PORTFOLIO December 31, 2006 11,347 $13.10637 to $50.29168 $ 377,853 0.33% 0.65 - 2.75% 12.69% to 15.11% December 31, 2005 12,696 $18.39757 to $43.68918 $ 380,931 0.23% 0.65 - 2.50% 28.13% to 30.55% December 31, 2004 9,328 $14.35838 to $33.46498 $ 235,650 0.98% 0.65 - 2.50% 30.34% to 43.58% December 31, 2003 8,215 $13.59594 to $25.67566 $ 168,885 1.40% 0.65 - 2.40% 32.65% to 30.32% December 31, 2002 6,946 $10.43309 to $19.35600 $ 121,239 1.61% 0.65 - 2.40% -6.15% to 0.52% AST T. ROWE PRICE ASSET ALLOCATION PORTFOLIO December 31, 2006 23,736 $11.22531 to $26.93478 $ 453,918 1.80% 0.65 - 2.75% 9.41% to 11.76% December 31, 2005 22,882 $11.58355 to $24.09982 $ 421,752 1.86% 0.65 - 2.50% 2.07% to 4.00% December 31, 2004 22,590 $11.34848 to $23.17239 $ 422,821 1.49% 0.65 - 2.50% 10.45% to 13.48% December 31, 2003 19,493 $12.05097 to $20.98013 $ 353,143 2.41% 0.65 - 2.40% 23.21% to 21.04% December 31, 2002 16,819 $ 9.95579 to $17.02746 $ 264,455 2.90% 0.65 - 2.40% -10.47% to -0.05% AST INTERNATIONAL VALUE PORTFOLIO December 31, 2006 16,918 $ 9.25940 to $22.20794 $ 307,009 0.82% 0.65 - 2.75% 23.96% to 26.63% December 31, 2005 12,495 $14.08614 to $16.78896 $ 187,615 1.51% 0.65 - 2.50% 10.87% to 12.97% December 31, 2004 12,660 $12.70454 to $14.86117 $ 173,233 1.33% 0.65 - 2.50% 20.25% to 27.05% December 31, 2003 12,065 $12.35885 to $12.78833 $ 139,255 0.55% 0.65 - 2.40% 30.70% to 33.04% December 31, 2002 11,076 $ 9.28968 to $ 9.78460 $ 97,152 0.00% 0.65 - 2.40% -17.57% to -0.26% AST MFS GLOBAL EQUITY PORTFOLIO December 31, 2006 14,954 $12.55031 to $19.17844 $ 240,811 0.50% 0.65 - 2.75% 20.89% to 23.49% December 31, 2005 11,543 $12.58753 to $13.00551 $ 148,907 0.28% 0.65 - 2.50% 4.89% to 6.87% December 31, 2004 13,548 $11.77784 to $12.39912 $ 164,748 0.18% 0.65 - 2.50% 17.62% to 23.99% December 31, 2003 10,003 $10.01332 to $12.23714 $ 101,775 0.16% 0.65 - 2.40% 26.31% to 24.09% December 31, 2002 7,512 $ 7.92749 to $ 9.86156 $ 59,354 0.01% 0.65 - 2.40% -12.83% to -0.17% AST JPMORGAN INTERNATIONAL EQUITY PORTFOLIO December 31, 2006 20,776 $10.24548 to $38.49496 $ 502,228 1.24% 0.65 - 2.75% 19.43% to 22.00% December 31, 2005 22,661 $13.33803 to $21.16585 $ 460,659 1.07% 0.65 - 2.50% 8.25% to 10.29% December 31, 2004 17,054 $12.32188 to $19.19038 $ 373,796 1.11% 0.65 - 2.50% 16.35% to 23.22% December 31, 2003 15,962 $12.67966 to $16.49397 $ 332,696 0.78% 0.65 - 2.40% 29.75% to 27.47% December 31, 2002 18,008 $ 9.94700 to $12.71169 $ 311,089 0.68% 0.65 - 2.40% -18.95% to -0.06% AST T. ROWE PRICE GLOBAL BOND PORTFOLIO December 31, 2006 35,161 $ 9.67663 to $15.44498 $ 452,330 1.66% 0.65 - 2.75% 3.36% to 5.58% December 31, 2005 41,856 $10.18964 to $14.62839 $ 514,830 3.18% 0.65 - 2.50% -6.87% to -5.10% December 31, 2004 26,802 $10.94108 to $15.41527 $ 360,549 5.66% 0.65 - 2.50% 7.93% to 9.41% December 31, 2003 17,475 $11.35220 to $14.28210 $ 227,917 3.34% 0.65 - 2.40% 12.13% to 10.15% December 31, 2002 17,342 $10.30570 to $12.73722 $ 208,098 0.00% 0.65 - 2.40% 14.28% to 0.37% AST INTERNATIONAL GROWTH PORTFOLIO December 31, 2006 74,076 $13.15766 to $23.17793 $1,536,181 1.32% 0.65 - 2.75% 17.66% to 20.19% December 31, 2005 98,133 $13.56645 to $19.28436 $1,709,821 0.96% 0.65 - 2.50% 13.66% to 15.80% December 31, 2004 85,371 $11.93649 to $16.65262 $1,326,329 0.73% 0.65 - 2.50% 15.40% to 19.36% December 31, 2003 46,082 $13.27734 to $14.43084 $ 628,233 0.00% 0.65 - 2.40% 39.17% to 36.72% December 31, 2002 31,111 $ 9.71104 to $10.36910 $ 308,793 4.13% 0.65 - 2.40% -26.15% to -0.35% AST AGGRESSIVE ASSET ALLOCATION PORTFOLIO (AVAILABLE DECEMBER 5, 2005) December 31, 2006 29,759 $11.26947 to $11.49911 $ 338,015 0.00% 0.65 - 2.50% 12.80% to 14.93% December 31, 2005 3,409 $ 9.99132 to $10.00500 $ 34,084 0.00% 0.65 - 2.40% -0.07% to 0.06% AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO (AVAILABLE DECEMBER 5, 2005) December 31, 2006 274,471 $11.02337 to $11.31058 $3,056,729 0.00% 0.65 - 3.00% 10.27% to 12.94% December 31, 2005 21,855 $10.00055 to $10.01499 $ 218,657 0.00% 0.65 - 2.50% 0.05% to 0.16% AST BALANCED ASSET ALLOCATION PORTFOLIO (AVAILABLE DECEMBER 5, 2005) December 31, 2006 209,952 $10.84925 to $11.13179 $2,302,446 0.00% 0.65 - 3.00% 8.42% to 11.04% December 31, 2005 19,037 $10.01052 to $10.02498 $ 190,659 0.00% 0.65 - 2.50% 0.13% to 0.26% AST CONSERVATIVE ASSET ALLOCATION PORTFOLIO (AVAILABLE DECEMBER 5, 2005) December 31, 2006 51,725 $10.77257 to $11.02254 $ 561,804 0.00% 0.65 - 2.75% 7.53% to 9.84% December 31, 2005 4,156 $10.02051 to $10.03225 $ 41,665 0.00% 1.00 - 2.50% 0.23% to 0.33% AST PRESERVATION ASSET ALLOCATION PORTFOLIO (AVAILABLE DECEMBER 5, 2005) December 31, 2006 23,554 $10.52984 to $10.77434 $ 250,007 0.00% 0.65 - 2.75% 5.00% to 7.26% December 31, 2005 1,112 $10.03049 to $10.04496 $ 11,156 0.00% 0.65 - 2.50% 0.33% to 0.46%
A70 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- ------------------------------------------------- UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- -------- ---------- ---------------- ----------------- DAVIS VALUE PORTFOLIO December 31, 2006 1,082 $12.52070 to $17.20481 $ 13,706 0.82% 1.40 - 2.15% 12.54% to 13.40% December 31, 2005 912 $11.04159 to $15.21083 $ 10,162 1.09% 1.40 - 1.65% 7.64% to 7.92% December 31, 2004 773 $10.23170 to $14.13079 $ 7,961 0.87% 1.40 - 1.65% 10.47% to 10.75% December 31, 2003 737 $ 9.23818 to $12.79116 $ 6,827 0.86% 1.40 - 1.65% 27.62% to 27.94% December 31, 2002 661 $ 7.22064 to $10.01703 $ 4,771 0.70% 1.40 - 2.15% -17.43% to 0.02% EVERGREEN VA BALANCED FUND December 31, 2006 591 $10.42346 to $12.16865 $ 6,174 2.45% 1.40 - 1.65% 8.04% to 8.31% December 31, 2005 704 $ 9.62335 to $11.26309 $ 6,791 2.34% 1.40 - 1.65% 3.56% to 3.82% December 31, 2004 809 $ 9.26928 to $10.87628 $ 7,495 0.88% 1.40 - 1.65% 4.55% to 4.82% December 31, 2003 887 $ 8.84327 to $10.40282 $ 7,842 2.25% 1.40 - 1.65% 13.86% to 14.15% December 31, 2002 949 $ 7.74736 to $ 9.92757 $ 7,355 2.12% 1.40 - 2.40% -10.93% to -0.09% EVERGREEN VA GROWTH FUND (AVAILABLE APRIL 15, 2005) December 31, 2006 3,504 $12.25417 to $12.70979 43,826 0.00% 0.65 - 2.75% 7.99% to 10.32% December 31, 2005 4,019 $11.36821 to $11.52122 46,002 0.00% 0.65 - 2.50% 15.79% to 17.34% EVERGREEN VA INTERNATIONAL EQUITY FUND December 31, 2006 5,001 $13.05828 to $20.54770 $ 91,052 4.02% 0.65 - 2.75% 19.78% to 22.36% December 31, 2005 4,304 $13.97774 to $14.27529 $ 64,078 3.12% 0.65 - 2.50% 13.11% to 15.24% December 31, 2004 2,417 $12.38709 to $12.35815 $ 31,264 1.57% 0.65 - 2.50% 18.43% to 23.58% December 31, 2003 1,730 $10.45925 to $12.70623 $ 18,721 8.52% 0.65 - 2.40% 0.34% to 28.03% December 31, 2002 46 $ 8.20595 to $ 9.92414 $ 377 1.43% 1.40 - 2.40% -11.72% to -0.09% EVERGREEN VA FUNDAMENTAL LARGE CAP FUND December 31, 2006 704 $13.37676 to $13.48107 $ 9,482 1.25% 1.40 - 1.65% 10.82% to 11.10% December 31, 2005 765 $12.07080 to $12.13421 $ 9,286 1.02% 1.40 - 1.65% 7.22% to 7.49% December 31, 2004 555 $11.25809 to $11.28865 $ 6,261 1.19% 1.40 - 1.65% 7.40% to 7.68% December 31, 2003 575 $10.48384 to $10.48210 $ 6,027 0.03% 1.40 - 1.65% 0.36% to 0.36% EVERGREEN VA OMEGA FUND December 31, 2006 2,450 $ 7.70917 to $15.34297 $ 22,281 0.00% 0.65 - 2.50% 3.37% to 5.33% December 31, 2005 3,270 $10.28912 to $11.05312 $ 28,491 0.22% 0.65 - 2.50% 1.26% to 3.17% December 31, 2004 4,624 $ 9.97258 to $10.91573 $ 39,972 0.00% 0.65 - 2.50% 6.52% to 9.16% December 31, 2003 3,868 $ 9.36260 to $13.12988 $ 28,768 0.00% 0.65 - 2.40% 36.68% to 39.13% December 31, 2002 2,671 $ 6.72951 to $ 9.60635 $ 13,350 0.00% 0.65 - 2.40% -25.87% to -0.47% EVERGREEN VA SPECIAL VALUES FUND December 31, 2006 368 $19.88133 to $24.36340 $ 8,852 0.76% 1.40 - 1.90% 19.25% to 19.85% December 31, 2005 393 $16.67261 to $20.32795 $ 7,894 1.09% 1.40 - 1.90% 8.66% to 9.22% December 31, 2004 322 $15.42626 to $18.61254 $ 5,914 1.03% 1.40 - 1.65% 18.38% to 18.69% December 31, 2003 312 $13.03070 to $15.68227 $ 4,887 0.12% 1.40 - 1.65% 27.38% to 27.70% December 31, 2002 318 $10.22361 to $12.28020 $ 3,907 2.25% 1.40 - 2.15% -13.82% to 0.27% EVERGREEN VA STRATEGIC INCOME FUND December 31, 2006 468 $12.77150 to $14.70915 $ 6,869 3.50% 1.40 - 1.65% 4.20% to 4.46% December 31, 2005 480 $12.16009 to $14.08098 $ 6,740 4.97% 1.40 - 1.90% -2.57% to -2.07% December 31, 2004 476 $12.54808 to $14.37891 $ 6,826 4.60% 1.40 - 1.65% 6.62% to 6.89% December 31, 2003 521 $11.76889 to $13.45177 $ 7,002 0.00% 1.40 - 1.65% 14.47% to 14.76% December 31, 2002 501 $10.27543 to $11.72204 $ 5,869 6.52% 1.40 - 2.15% 0.33% to 13.91% COLUMBIA ASSET ALLOCATION FUND VS December 31, 2006 861 $15.27753 to $15.27753 $ 13,157 2.52% 1.00 - 1.00% 10.67% to 10.67% December 31, 2005 1,095 $13.80419 to $13.80419 $ 15,112 2.77% 1.00 - 1.00% 5.47% to 5.47% December 31, 2004 1,615 $13.08886 to $13.08886 $ 21,141 2.52% 1.00 - 1.00% 8.83% to 8.83% December 31, 2003 2,207 $12.02655 to $12.02655 $ 26,543 0.00% 1.00 - 1.00% 15.10% to 15.10% COLUMBIA FEDERAL SECURITIES FUND VS December 31, 2006 195 $10.86011 to $10.86011 $ 2,116 5.66% 1.00 - 1.00% 2.68% to 2.68% December 31, 2005 325 $10.57645 to $10.57645 $ 3,436 6.05% 1.00 - 1.00% 1.56% to 1.56% December 31, 2004 472 $10.41437 to $10.41437 $ 4,911 5.52% 1.00 - 1.00% 2.86% to 2.86% December 31, 2003 781 $10.12509 to $10.12509 $ 7,913 0.00% 1.00 - 1.00% 0.93% to 0.93% COLUMBIA MONEY MARKET FUND VS December 31, 2006 246 $10.53788 to $10.53788 $ 2,597 4.61% 1.00 - 1.00% 3.69% to 3.69% December 31, 2005 321 $10.16333 to $10.16333 $ 3,259 2.96% 1.00 - 1.00% 2.03% to 2.03% December 31, 2004 400 $ 9.96100 to $ 9.96100 $ 3,988 0.83% 1.00 - 1.00% -0.14% to -0.14% December 31, 2003 591 $ 9.97455 to $ 9.97455 $ 5,895 0.13% 1.00 - 1.00% -0.19% to -0.19% COLUMBIA SMALL COMPANY GROWTH FUND VS December 31, 2006 62 $18.76807 to $18.76807 $ 1,155 0.00% 1.00 - 1.00% 11.28% to 11.28% December 31, 2005 82 $16.86565 to $16.86565 $ 1,386 0.01% 1.00 - 1.00% 1.69% to 1.69% December 31, 2004 114 $16.58595 to $16.58595 $ 1,892 0.00% 1.00 - 1.00% 10.36% to 10.36% December 31, 2003 152 $15.02855 to $15.02855 $ 2,278 0.00% 1.00 - 1.00% 36.51% to 36.51% COLUMBIA LARGE CAP GROWTH STOCK VS (AVAILABLE FEBRUARY 25, 2005) December 31, 2006 1,028 $11.37734 to $11.43058 $ 11,755 0.36% 1.00 - 1.25% 8.86% to 9.13% December 31, 2005 1,359 $10.45138 to $10.47393 $ 14,238 0.68% 1.00 - 1.25% 3.81% to 4.04% PRUDENTIAL SP INTERNATIONAL GROWTH December 31, 2006 3,004 $13.18590 to $14.64915 $ 43,166 1.77% 0.65 - 2.75% 17.73% to 20.26% December 31, 2005 2,709 $11.94145 to $12.18096 $ 32,672 0.56% 0.65 - 2.50% 13.49% to 15.63% December 31, 2004 1,458 $10.52413 to $10.53434 $ 15,350 0.00% 0.65 - 2.50% 33.82% to 39.61% December 31, 2003 2,705 $ 7.53808 to $ 7.87202 $ 23,292 0.00% 0.65 - 2.25% 36.02% to 38.24% December 31, 2002 697 $ 5.69455 to $ 9.58259 $ 4,152 0.00% 0.65 - 2.40% -23.24% to -0.50% GARTMORE GVIT DEVELOPING MARKETS December 31, 2006 14,181 $15.64163 to $32.47568 $323,571 0.56% 0.65 - 2.75% 30.88% to 33.70% December 31, 2005 17,521 $14.97909 to $16.29013 $293,345 0.53% 0.65 - 2.50% 28.24% to 30.66% December 31, 2004 15,105 $11.46381 to $12.70271 $185,833 0.55% 0.65 - 2.50% 19.00% to 27.03% December 31, 2003 16,007 $ 9.63331 to $15.47360 $157,916 0.08% 0.65 - 2.40% 55.87% to 58.66% December 31, 2002 12,059 $ 6.07155 to $ 9.92698 $ 70,889 0.13% 0.65 - 2.40% -10.27% to -0.09%
A71 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- ------------------------------------------------- UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- -------- ---------- ---------------- ----------------- FIRST TRUST THE DOW TARGET 10 December 31, 2006 2,311 $ 9.81749 to $14.63859 $ 27,950 0.00% 0.65 - 2.50% 22.44% to 24.75% December 31, 2005 1,226 $ 9.83399 to $10.14565 $ 11,614 0.00% 0.65 - 2.50% -5.63% to -3.85% December 31, 2004 1,295 $10.55000 to $10.42110 $ 12,754 0.00% 0.65 - 2.50% 4.21% to 31.55% December 31, 2003 527 $ 8.01942 to $12.04852 $ 4,270 0.00% 1.00 - 1.25% 18.42% to 18.72% December 31, 2002 624 $ 6.75516 to $10.16862 $ 4,218 0.00% 1.00 - 1.75% -19.09% to 0.20% FIRST TRUST 10 UNCOMMON VALUES December 31, 2006 1,129 $ 4.42816 to $10.14977 $ 5,732 0.00% 0.65 - 1.65% 2.30% to 3.34% December 31, 2005 1,468 $ 4.50117 to $14.19739 $ 7,002 0.00% 0.65 - 1.90% -1.33% to -0.07% December 31, 2004 2,085 $ 4.50450 to $14.38846 $ 9,808 0.00% 0.65 - 1.90% 9.23% to 10.62% December 31, 2003 2,247 $ 4.07190 to $13.17279 $ 9,486 0.00% 0.65 - 1.90% 34.35% to 36.06% December 31, 2002 2,223 $ 2.99272 to $ 9.80488 $ 6,760 0.00% 0.65 - 1.90% -37.26% to -0.24% FIRST TRUST ENERGY SECTOR December 31, 2006 149 $29.15491 to $29.28749 $ 4,360 0.00% 1.00 - 1.25% 11.26% to 11.54% December 31, 2005 178 $26.20508 to $26.25795 $ 4,661 0.00% 1.00 - 1.25% 47.27% to 47.64% December 31, 2004 211 $17.78562 to $17.79448 $ 3,746 0.00% 1.00 - 1.25% 30.39% to 30.72% December 31, 2003 209 $13.60587 to $13.64716 $ 2,839 0.00% 1.00 - 1.25% 30.08% to 30.41% December 31, 2002 229 $10.43320 to $10.48503 $ 2,387 0.00% 1.00 - 1.75% -5.47% to 0.58% FIRST TRUST FINANCAL SERVICES December 31, 2006 193 $17.95519 to $18.03676 $ 3,476 0.00% 1.00 - 1.25% 15.41% to 15.70% December 31, 2005 231 $15.55762 to $15.58893 $ 3,599 0.00% 1.00 - 1.25% 6.80% to 7.07% December 31, 2004 319 $14.56013 to $14.56756 $ 4,641 0.00% 1.00 - 1.25% 13.97% to 14.26% December 31, 2003 374 $12.74336 to $12.78215 $ 4,761 0.00% 1.00 - 1.25% 31.34% to 31.67% December 31, 2002 382 $ 9.67816 to $ 9.72631 $ 3,698 0.00% 1.00 - 1.75% -15.24% to -0.33% FIRST TRUST PHARMHEALTH SECTOR December 31, 2006 245 $11.54688 to $13.26605 $ 2,868 0.00% 1.00 - 1.25% 7.21% to 7.48% December 31, 2005 282 $10.74296 to $12.37366 $ 3,062 0.00% 1.00 - 1.25% 9.90% to 10.17% December 31, 2004 359 $ 9.75000 to $11.26000 $ 3,536 0.00% 1.00 - 1.25% -1.92% to -1.71% December 31, 2003 412 $ 9.91681 to $11.47981 $ 4,119 0.00% 1.00 - 1.25% 18.16% to 18.46% December 31, 2002 413 $ 8.37165 to $ 9.70979 $ 3,457 0.00% 1.00 - 1.75% -29.05% to -0.35% FIRST TRUST TECHNOLOGY December 31, 2006 255 $ 5.05730 to $ 5.05730 $ 1,288 0.00% 1.00 - 1.00% 1.81% to 1.81% December 31, 2005 308 $ 4.96742 to $ 4.96742 $ 1,532 0.00% 1.00 - 1.00% 4.12% to 4.12% December 31, 2004 355 $ 4.77077 to $ 4.77077 $ 1,694 0.00% 1.00 - 1.00% 0.19% to 0.19% December 31, 2003 435 $ 4.76159 to $ 4.76159 $ 2,073 0.00% 1.00 - 1.00% 45.14% to 45.14% December 31, 2002 451 $ 3.28064 to $ 9.40269 $ 1,478 0.00% 1.00 - 1.25% -42.04% to -5.97% FIRST TRUST GLOBAL DIVIDEND TARGET 15 December 31, 2006 7,225 $17.08339 to $23.86991 $128,826 0.00% 0.65 - 2.50% 34.99% to 37.54% December 31, 2005 2,795 $12.65511 to $13.05592 $ 36,800 0.00% 0.65 - 2.50% 7.43% to 9.46% December 31, 2004 1,858 $11.93000 to $11.78007 $ 22,624 0.00% 0.65 - 2.50% 12.65% to 17.80% December 31, 2003 286 $10.58760 to $12.95598 $ 3,049 0.00% 1.00 - 1.25% 32.43% to 32.76% December 31, 2002 294 $ 7.97479 to $ 9.77750 $ 2,342 0.00% 1.00 - 1.75% -15.55% to -0.27% FIRST TRUST NASDAQ TARGET 15 December 31, 2006 686 $ 9.45483 to $13.75647 $ 7,316 0.00% 0.65 - 1.65% 7.09% to 8.18% December 31, 2005 673 $10.78336 to $11.01244 $ 6,552 0.00% 0.65 - 1.90% 1.36% to 2.65% December 31, 2004 748 $10.63850 to $10.72820 $ 7,024 0.00% 0.65 - 1.90% 19.52% to 20.53% December 31, 2003 570 $ 8.90087 to $ 8.90087 $ 5,070 0.00% 1.00 - 1.00% 34.66% to 34.66% December 31, 2002 621 $ 6.61001 to $ 9.71492 $ 4,107 0.00% 1.00 - 1.25% -26.90% to -2.85% FIRST TRUST S&P TARGET 24 December 31, 2006 1,497 $ 8.62770 to $13.94316 $ 16,056 0.00% 0.65 - 2.50% 0.32% to 2.22% December 31, 2005 1,716 $10.85174 to $11.19548 $ 18,042 0.00% 0.65 - 2.50% 1.56% to 3.48% December 31, 2004 1,433 $10.68490 to $10.81888 $ 14,152 0.00% 0.65 - 2.50% 6.85% to 48.18% December 31, 2003 757 $ 7.30103 to $11.88873 $ 5,553 0.00% 1.00 - 1.25% 22.55% to 22.86% December 31, 2002 802 $ 5.94238 to $ 9.69498 $ 4,767 0.00% 1.00 - 1.75% -15.46% to -0.37% FIRST TRUST MANAGED VIP December 31, 2006 15,281 $10.89598 to $17.06925 $203,898 0.00% 0.65 - 2.50% 8.73% to 10.79% December 31, 2005 15,096 $11.77287 to $12.14584 $182,873 0.00% 0.65 - 2.50% 4.57% to 6.55% December 31, 2004 9,571 $11.25812 to $11.39923 $108,508 0.00% 0.65 - 2.50% 12.58% to 36.28% December 31, 2003 2,175 $ 8.36444 to $13.20277 $ 20,497 0.00% 1.00 - 1.25% 33.25% to 33.58% December 31, 2002 1,908 $ 6.26166 to $ 9.90268 $ 12,065 0.00% 1.00 - 1.75% -21.79% to -0.12% FIRST TRUST VALUE LINE TARGET 25 December 31, 2006 3,691 $ 4.64840 to $19.94915 $ 43,760 0.00% 0.65 - 2.75% 0.06% to 2.21% December 31, 2005 4,713 $14.75809 to $15.07130 $ 54,045 0.00% 0.65 - 1.90% 17.44% to 18.93% December 31, 2004 2,730 $12.67240 to $12.56662 $ 21,764 0.00% 0.65 - 1.90% 292.72% to 296.02% December 31, 2003 1,541 $ 3.19993 to $ 3.19993 $ 4,932 0.00% 1.00 - 1.00% 39.52% to 39.52% December 31, 2002 1,300 $ 2.29353 to $ 9.94323 $ 2,982 0.00% 1.00 - 1.25% -43.46% to -0.57% FIRST TRUST DOW TARGET DIVIDEND (AVAILABLE MAY 2, 2005) December 31, 2006 8,909 $11.17799 to $11.53380 $100,922 0.00% 0.65 - 2.50% 15.19% to 17.37% December 31, 2005 5,988 $ 9.70374 to $ 9.82689 $ 58,424 0.00% 0.65 - 2.50% -2.94% to -1.73% PROFUND VP ASIA 30 December 31, 2006 8,239 $15.06343 to $26.01023 $172,274 0.41% 0.65 - 2.75% 35.47% to 38.39% December 31, 2005 4,504 $11.77381 to $14.99956 $ 68,490 0.30% 0.65 - 2.50% 16.53% to 18.73% December 31, 2004 3,205 $12.63287 to $10.10342 $ 40,955 0.29% 0.65 - 2.50% -1.19% to 1.03% December 31, 2003 3,845 $12.78466 to $10.42506 $ 49,127 0.07% 0.65 - 2.25% 0.93% to 63.85% December 31, 2002 2,392 $ 7.80251 to $ 9.85819 $ 18,578 0.00% 0.65 - 2.40% -14.75% to -0.17% PROFUND VP BANKS December 31, 2006 961 $12.64709 to $16.30793 $ 13,291 0.82% 0.65 - 2.50% 12.53% to 14.66% December 31, 2005 975 $11.23895 to $12.20988 $ 11,872 2.58% 0.65 - 2.50% -2.63% to -0.79% December 31, 2004 1,047 $11.54299 to $12.30741 $ 13,102 0.45% 0.65 - 2.50% 11.04% to 15.43% December 31, 2003 517 $11.08359 to $12.78925 $ 5,759 0.90% 0.65 - 2.40% 26.28% to 28.55% December 31, 2002 673 $ 8.62229 to $10.12736 $ 5,781 0.00% 0.65 - 2.40% -9.25% to 0.15% PROFUND VP BEAR December 31, 2006 4,205 $ 5.67078 to $ 8.38655 $ 28,388 1.80% 0.65 - 2.50% -9.81% to -8.10% December 31, 2005 6,309 $ 7.81248 to $ 9.12581 $ 48,454 0.00% 0.65 - 2.50% -3.82% to -2.00% December 31, 2004 3,448 $ 8.12302 to $ 9.31230 $ 28,157 0.00% 0.65 - 2.50% -12.53% to -10.87% December 31, 2003 5,783 $ 9.28716 to $10.44809 $ 53,662 0.00% 0.65 - 2.50% -25.08% to -7.13% December 31, 2002 5,917 $10.12449 to $13.94621 $ 77,643 0.29% 0.65 - 2.40% 0.15% to 20.03%
A72 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- ------------------------------------------------- UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- -------- ---------- ---------------- ----------------- PROFUND VP BIOTECHNOLOGY December 31, 2006 1,291 $ 8.54742 to $16.70677 $ 12,290 0.00% 0.65 - 1.90% -5.91% to -4.72% December 31, 2005 2,503 $ 9.38369 to $17.03129 $ 25,003 0.00% 0.65 - 1.90% 16.98% to 18.47% December 31, 2004 2,930 $ 7.92074 to $14.55869 $ 24,751 0.00% 0.65 - 1.90% 7.64% to 9.01% December 31, 2003 1,929 $ 7.26607 to $13.52589 $ 14,279 0.00% 0.65 - 1.90% 37.13% to 38.88% December 31, 2002 2,706 $ 5.23209 to $ 9.86364 $ 14,212 0.00% 0.65 - 1.90% -37.92% to -0.16% PROFUND VP BASIC MATERIALS December 31, 2006 2,131 $13.57865 to $17.13093 $ 30,609 0.27% 0.65 - 2.50% 12.60% to 14.73% December 31, 2005 2,619 $12.38177 to $12.40714 $ 34,114 0.06% 0.65 - 2.50% -0.11% to 1.77% December 31, 2004 2,088 $12.19078 to $12.39593 $ 25,614 0.29% 0.65 - 2.50% 9.51% to 23.96% December 31, 2003 4,606 $11.13250 to $13.30914 $ 50,922 0.27% 0.65 - 2.15% 28.75% to 30.72% December 31, 2002 455 $ 8.51605 to $10.33389 $ 3,852 0.00% 0.65 - 2.40% -9.96% to 0.40% PROFUND VP ULTRABULL December 31, 2006 4,655 $10.06481 to $21.00543 $ 53,893 0.33% 0.65 - 1.90% 20.73% to 22.26% December 31, 2005 4,472 $ 8.61103 to $16.68766 $ 41,431 0.13% 0.65 - 1.90% 0.66% to 1.94% December 31, 2004 8,988 $ 8.44700 to $16.57769 $ 83,929 0.00% 0.65 - 1.90% 14.95% to 16.41% December 31, 2003 7,766 $ 7.25597 to $14.42210 $ 59,635 0.00% 0.65 - 1.90% 50.03% to 51.94% December 31, 2002 7,379 $ 4.77567 to $ 9.61301 $ 35,370 0.00% 0.65 - 1.90% -36.52% to -0.47% PROFUND VP BULL December 31, 2006 18,245 $11.89713 to $15.02392 $227,054 0.23% 0.65 - 2.50% 10.82% to 12.92% December 31, 2005 20,272 $11.04492 to $11.23459 $222,568 0.26% 0.65 - 2.50% 0.18% to 2.07% December 31, 2004 26,232 $10.82090 to $11.21483 $284,797 0.00% 0.65 - 2.50% 8.12% to 12.15% December 31, 2003 13,721 $10.00845 to $11.94242 $137,284 0.00% 0.65 - 2.40% 22.57% to 24.77% December 31, 2002 7,700 $ 8.02152 to $ 9.74304 $ 61,471 0.00% 0.65 - 2.40% -13.28% to -0.31% PROFUND VP CONSUMER SERVICES December 31, 2006 602 $ 9.87614 to $13.18401 $ 6,499 0.00% 0.65 - 2.50% 9.21% to 11.27% December 31, 2005 349 $ 9.30453 to $ 9.90834 $ 3,521 0.00% 0.65 - 2.50% -7.04% to -5.29% December 31, 2004 1,192 $ 9.82392 to $10.65926 $ 11,879 0.00% 0.65 - 2.50% 6.59% to 6.90% December 31, 2003 403 $ 9.18941 to $11.59131 $ 3,777 0.00% 0.65 - 2.40% 23.76% to 25.97% December 31, 2002 473 $ 7.29472 to $ 9.36626 $ 3,439 0.00% 0.65 - 2.40% -18.16% to -0.76% PROFUND VP CONSUMER GOODS December 31, 2006 1,570 $11.24740 to $13.88705 $ 18,574 0.10% 0.65 - 2.50% 9.81% to 11.89% December 31, 2005 630 $10.53789 to $11.03962 $ 6,913 0.34% 0.65 - 2.50% -2.85% to -1.01% December 31, 2004 921 $10.64584 to $12.20066 $ 9,972 0.03% 0.65 - 2.40% 8.54% to 14.30% December 31, 2003 245 $ 9.80789 to $10.67427 $ 2,406 0.38% 0.65 - 2.25% 1.48% to 17.69% December 31, 2002 597 $ 8.33352 to $ 9.89654 $ 4,952 0.00% 0.65 - 2.40% -11.19% to -0.12% PROFUND VP OIL & GAS December 31, 2006 7,128 $12.84063 to $24.47578 $143,520 0.00% 0.65 - 2.75% 17.32% to 19.84% December 31, 2005 8,943 $15.53164 to $17.61397 $148,186 0.00% 0.65 - 2.50% 28.04% to 30.46% December 31, 2004 6,640 $11.90553 to $13.75686 $ 85,038 0.00% 0.65 - 2.50% 28.51% to 37.57% December 31, 2003 4,640 $ 9.26400 to $12.06634 $ 44,342 0.00% 0.65 - 2.40% 19.34% to 21.48% December 31, 2002 2,509 $ 7.62620 to $10.11106 $ 19,240 0.00% 0.65 - 2.40% -17.58% to 0.13% PROFUND VP EUROPE 30 December 31, 2006 9,521 $ 9.78576 to $18.86370 $126,117 0.39% 0.65 - 2.50% 14.58% to 16.74% December 31, 2005 7,481 $ 9.92756 to $13.01970 $ 81,339 0.14% 0.65 - 2.50% 5.40% to 7.39% December 31, 2004 10,431 $ 9.24454 to $12.35313 $102,514 0.14% 0.65 - 2.50% 13.58% to 23.53% December 31, 2003 12,852 $ 8.13940 to $11.08926 $108,778 0.20% 0.65 - 2.25% 2.39% to 37.83% December 31, 2002 2,902 $ 5.90556 to $ 9.69157 $ 17,373 0.00% 0.65 - 2.40% -26.25% to -0.37% PROFUND VP FINANCIALS December 31, 2006 3,163 $12.12850 to $16.50435 $ 44,681 0.50% 0.65 - 2.50% 14.42% to 16.59% December 31, 2005 2,568 $11.38546 to $11.39228 $ 31,419 0.72% 0.65 - 2.50% 1.39% to 3.31% December 31, 2004 2,337 $11.02715 to $13.33338 $ 27,138 0.28% 0.65 - 2.40% 7.38% to 9.62% December 31, 2003 1,707 $10.05949 to $12.41737 $ 17,791 0.17% 0.65 - 2.15% 26.21% to 28.15% December 31, 2002 1,405 $ 7.84993 to $ 9.83532 $ 11,125 0.00% 0.65 - 2.40% -15.44% to -0.20% PROFUND VP U.S. GOVERNMENT PLUS December 31, 2006 2,704 $ 9.82620 to $12.43644 $ 31,415 3.44% 0.65 - 2.65% -7.07% to -5.17% December 31, 2005 7,185 $11.44316 to $13.11433 $ 89,133 2.31% 0.65 - 2.50% 6.29% to 8.31% December 31, 2004 3,732 $10.23058 to $12.10868 $ 43,240 0.86% 0.65 - 2.40% 5.28% to 7.48% December 31, 2003 3,342 $ 9.71767 to $11.26614 $ 36,696 3.92% 0.65 - 2.15% -4.64% to -3.18% December 31, 2002 10,741 $10.18762 to $11.63614 $124,290 1.63% 0.65 - 2.40% 10.98% to 0.23% PROFUND VP HEALTH CARE December 31, 2006 6,343 $ 9.03730 to $12.42496 $ 63,921 0.00% 0.65 - 2.50% 2.62% to 4.56% December 31, 2005 5,511 $ 9.04054 to $10.97896 $ 53,879 0.00% 0.65 - 2.50% 3.37% to 5.33% December 31, 2004 4,053 $ 8.58298 to $10.97696 $ 37,119 0.00% 0.65 - 2.40% -0.10% to 1.70% December 31, 2003 2,642 $ 8.43984 to $10.98801 $ 23,349 0.00% 0.65 - 2.40% 14.61% to 16.66% December 31, 2002 1,863 $ 7.23445 to $ 9.58752 $ 13,632 0.00% 0.65 - 2.40% -23.19% to -0.50% ACCESS VP HIGH YIELD FUND (AVAILABLE MAY 2, 2005) December 31, 2006 2,746 $11.23960 to $11.57769 $ 31,357 6.19% 0.65 - 2.40% 6.95% to 8.86% December 31, 2005 3,308 $10.54502 to $10.63499 $ 35,001 3.74% 0.65 - 1.90% 5.47% to 6.36% PROFUND VP INDUSTRIALS December 31, 2006 738 $12.33357 to $16.38084 $ 9,581 0.00% 0.65 - 2.50% 8.87% to 10.93% December 31, 2005 828 $11.65524 to $12.02792 $ 10,102 0.00% 0.65 - 2.50% -0.12% to 1.77% December 31, 2004 808 $11.45243 to $12.04227 $ 9,459 0.00% 0.65 - 2.50% 12.48% to 20.42% December 31, 2003 1,160 $10.18189 to $12.81438 $ 11,752 0.00% 0.65 - 2.15% 25.64% to 27.57% December 31, 2002 143 $ 7.98170 to $10.19613 $ 1,134 0.00% 0.65 - 2.40% -13.55% to 0.24% PROFUND VP INTERNET December 31, 2006 488 $18.84122 to $21.66964 $ 9,275 0.00% 0.65 - 1.90% -0.56% to 0.70% December 31, 2005 1,329 $19.61413 to $20.90237 $ 25,339 0.00% 0.65 - 1.90% 5.40% to 6.74% December 31, 2004 2,334 $18.37524 to $19.83065 $ 41,983 0.00% 0.65 - 1.90% 18.95% to 20.47% December 31, 2003 986 $15.25273 to $16.67093 $ 14,857 0.00% 0.65 - 1.90% 74.61% to 76.83% December 31, 2002 3,366 $ 8.62559 to $ 9.54758 $ 28,884 0.00% 0.65 - 1.90% -9.23% to -0.55% PROFUND VP JAPAN December 31, 2006 4,322 $14.47744 to $21.13429 $ 67,827 0.79% 0.65 - 2.65% 7.89% to 10.10% December 31, 2005 9,016 $13.81772 to $14.27008 $129,124 0.00% 0.65 - 2.50% 38.25% to 40.86% December 31, 2004 2,766 $ 9.80926 to $13.25999 $ 27,662 0.00% 0.65 - 2.40% 4.68% to 6.86% December 31, 2003 2,740 $ 9.17953 to $12.66775 $ 25,192 0.00% 0.65 - 2.15% 24.05% to 25.95% December 31, 2002 424 $ 7.28809 to $10.20853 $ 3,073 0.00% 0.65 - 2.40% -18.20% to 0.25%
A73 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- -------------------------------------------------- UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- -------- ---------- ---------------- ------------------ PROFUND VP PRECIOUS METALS December 31, 2006 7,735 $12.55178 to $18.56096 $124,745 0.69% 0.65 - 2.75% 4.42% to 6.67% December 31, 2005 7,464 $12.49053 to $15.17761 $113,120 0.00% 0.65 - 2.50% 23.15% to 25.48% December 31, 2004 5,015 $10.14273 to $12.09584 $ 60,442 0.00% 0.65 - 2.50% -12.17% to -10.50% December 31, 2003 5,643 $11.54866 to $13.51554 $ 76,189 0.00% 0.65 - 2.50% 15.49% to 38.33% December 31, 2002 5,721 $ 9.77068 to $11.29521 $ 55,648 0.00% 0.65 - 2.40% -1.54% to 1.56% PROFUND VP MID-CAP GROWTH December 31, 2006 5,246 $10.89955 to $15.57741 $ 67,092 0.00% 0.65 - 2.75% 1.12% to 3.30% December 31, 2005 12,852 $12.01395 to $12.02225 $155,726 0.00% 0.65 - 2.50% 8.45% to 10.50% December 31, 2004 6,821 $10.87246 to $11.08578 $ 75,036 0.00% 0.65 - 2.50% 10.36% to 10.86% December 31, 2003 4,689 $ 9.85186 to $12.24894 $ 46,543 0.00% 0.65 - 2.40% 24.84% to 27.08% December 31, 2002 1,952 $ 7.75273 to $ 9.81179 $ 15,065 0.00% 0.65 - 2.40% -15.08% to -0.23% PROFUND VP MID-CAP VALUE December 31, 2006 6,924 $13.79740 to $18.69833 $104,430 0.02% 0.65 - 2.50% 9.50% to 11.57% December 31, 2005 7,507 $12.91090 to $12.96407 $ 99,111 0.00% 0.65 - 2.50% 6.13% to 8.14% December 31, 2004 10,344 $11.98840 to $12.16502 $125,392 0.00% 0.65 - 2.50% 15.21% to 21.65% December 31, 2003 4,742 $10.40614 to $13.32549 $ 50,523 0.00% 0.65 - 2.40% 34.86% to 32.49% December 31, 2002 1,623 $ 7.71623 to $10.05794 $ 12,488 0.00% 0.65 - 2.40% -15.33% to 0.07% PROFUND VP PHARMACEUTICALS December 31, 2006 2,413 $ 8.28177 to $ 9.93954 $ 21,075 0.37% 0.65 - 2.50% 9.38% to 11.45% December 31, 2005 1,378 $ 7.79007 to $ 8.82252 $ 10,783 0.29% 0.65 - 2.50% -6.21% to -4.44% December 31, 2004 1,435 $ 8.15189 to $ 8.78326 $ 11,802 0.00% 0.65 - 2.40% -11.40% to -9.81% December 31, 2003 1,316 $ 9.03855 to $ 9.91382 $ 11,850 0.00% 0.65 - 2.40% 3.06% to 4.91% December 31, 2002 398 $ 8.61559 to $ 9.61936 $ 3,413 0.00% 0.65 - 2.40% -9.29% to -0.46% PROFUND VP REAL ESTATE December 31, 2006 3,041 $14.53445 to $25.13870 $ 69,717 0.57% 0.65 - 2.50% 29.19% to 31.63% December 31, 2005 1,949 $13.55256 to $19.09812 $ 34,432 2.04% 0.65 - 2.50% 4.09% to 6.06% December 31, 2004 4,720 $13.02029 to $18.00747 $ 79,438 1.89% 0.65 - 2.50% 26.37% to 30.20% December 31, 2003 2,564 $13.29130 to $14.24964 $ 35,196 2.00% 0.65 - 2.15% 30.29% to 32.29% December 31, 2002 1,997 $10.19823 to $10.77187 $ 20,865 4.67% 0.65 - 2.40% -0.63% to 0.24% PROFUND VP RISING RATES OPPORTUNITY December 31, 2006 10,313 $ 6.50235 to $ 8.22730 $ 70,970 1.36% 0.65 - 2.50% 7.40% to 9.43% December 31, 2005 11,309 $ 6.22921 to $ 7.43736 $ 72,023 0.00% 0.65 - 2.50% -10.19% to -8.49% December 31, 2004 16,152 $ 6.80694 to $ 8.28113 $112,263 0.00% 0.65 - 2.50% -17.19% to -11.47% December 31, 2003 5,316 $ 7.68911 to $ 9.06711 $ 41,218 0.00% 0.65 - 2.40% -6.41% to -4.74% December 31, 2002 890 $ 8.07133 to $ 9.68855 $ 7,168 0.00% 0.65 - 2.40% -12.95% to -0.38% PROFUND VP OTC December 31, 2006 7,600 $ 5.54980 to $15.20854 $ 67,277 0.00% 0.65 - 2.50% 2.83% to 4.78% December 31, 2005 11,466 $ 5.54081 to $10.62917 $ 89,367 0.00% 0.65 - 2.50% -2.32% to -0.47% December 31, 2004 20,721 $ 5.56695 to $10.88139 $156,073 0.00% 0.65 - 2.50% 7.82% to 8.81% December 31, 2003 25,158 $ 5.16310 to $13.43592 $153,444 0.00% 0.65 - 2.15% 43.59% to 45.79% December 31, 2002 20,541 $ 3.54138 to $ 9.35410 $ 75,788 0.00% 0.65 - 2.40% -39.02% to -0.78% PROFUND VP SEMICONDUCTOR December 31, 2006 842 $ 6.98349 to $12.09994 $ 5,953 0.00% 0.65 - 1.90% -8.85% to -7.69% December 31, 2005 1,778 $ 7.93141 to $12.73195 $ 13,685 0.00% 0.65 - 1.90% 6.58% to 7.94% December 31, 2004 1,507 $ 7.34818 to $11.94555 $ 10,853 0.00% 0.65 - 1.90% -25.00% to -24.04% December 31, 2003 1,915 $ 9.67397 to $15.92764 $ 18,307 0.00% 0.65 - 1.90% 84.74% to 87.10% December 31, 2002 737 $ 5.17062 to $ 8.62152 $ 3,789 0.00% 0.65 - 1.90% -32.42% to -1.66% PROFUND VP SMALL-CAP GROWTH December 31, 2006 5,415 $11.09652 to $17.98465 $ 79,247 0.00% 0.65 - 2.75% 5.67% to 7.95% December 31, 2005 13,797 $12.77991 to $13.14465 $184,753 0.00% 0.65 - 2.50% 4.86% to 6.84% December 31, 2004 16,741 $12.18762 to $12.30294 $208,744 0.00% 0.65 - 2.50% 19.02% to 21.88% December 31, 2003 14,600 $10.33685 to $12.97770 $153,408 0.00% 0.65 - 2.40% 31.10% to 33.45% December 31, 2002 3,108 $ 7.74608 to $ 9.89931 $ 23,968 0.00% 0.65 - 2.40% -15.13% to -0.12% PROFUND VP SHORT MID-CAP (AVAILABLE NOVEMBER 22, 2004) December 31, 2006 617 $ 8.14103 to $ 8.36143 $ 5,104 0.68% 0.65 - 1.90% -5.46% to -4.26% December 31, 2005 472 $ 8.61142 to $ 8.73367 $ 4,080 0.00% 0.65 - 1.90% -11.18% to -10.05% December 31, 2004 53 $ 9.69807 to $ 9.70092 $ 515 0.00% 1.00 - 1.65% -0.35% to -0.34% PROFUND VP SHORT OTC December 31, 2006 4,161 $ 5.24385 to $ 8.00285 $ 23,704 0.86% 0.65 - 2.50% -3.83% to -2.01% December 31, 2005 5,301 $ 6.10193 to $ 8.07924 $ 31,249 0.00% 0.65 - 2.50% -1.70% to 0.16% December 31, 2004 2,547 $ 5.53538 to $ 6.09211 $ 15,078 0.00% 0.65 - 2.40% -13.25% to -11.69% December 31, 2003 4,453 $ 6.38053 to $ 6.89824 $ 30,229 0.76% 0.65 - 2.40% -38.81% to -37.71% December 31, 2002 1,274 $10.42770 to $11.07498 $ 14,028 0.00% 0.65 - 2.40% 7.22% to 0.52% PROFUND VP SHORT SMALL-CAP (AVAILABLE NOVEMBER 22, 2004) December 31, 2006 1,564 $ 7.86107 to $ 8.07403 $ 12,448 0.90% 0.65 - 1.90% -13.46% to -12.36% December 31, 2005 726 $ 9.08360 to $ 9.21260 $ 6,654 0.00% 0.65 - 1.90% -4.76% to -3.55% December 31, 2004 268 $ 9.54341 to $ 9.54061 $ 2,559 0.00% 1.00 - 1.65% -0.53% to -0.52% PROFUND VP SMALL-CAP VALUE December 31, 2006 6,878 $11.78269 to $19.36027 $100,515 0.00% 0.65 - 2.75% 14.21% to 16.67% December 31, 2005 4,740 $11.77792 to $12.66318 $ 61,212 0.00% 0.65 - 2.50% 1.40% to 3.32% December 31, 2004 14,281 $11.39922 to $12.48776 $175,602 0.00% 0.65 - 2.50% 19.34% to 24.88% December 31, 2003 14,978 $ 9.55207 to $13.33056 $147,142 0.00% 0.65 - 2.40% 31.45% to 33.81% December 31, 2002 4,098 $ 7.13873 to $10.14115 $ 29,161 0.00% 0.65 - 2.40% -19.21% to 0.17% PROFUND VP TECHNOLOGY December 31, 2006 2,301 $ 5.19529 to $14.26170 $ 14,524 0.00% 0.65 - 1.90% 6.02% to 7.37% December 31, 2005 2,697 $ 5.06142 to $12.90161 $ 15,241 0.60% 0.65 - 1.90% -0.69% to 0.57% December 31, 2004 3,442 $ 5.03294 to $12.99168 $ 19,542 0.00% 0.65 - 1.90% -2.33% to -1.08% December 31, 2003 3,795 $ 5.08790 to $13.30122 $ 20,788 0.00% 0.65 - 1.90% 43.19% to 45.02% December 31, 2002 3,619 $ 3.50847 to $ 9.28896 $ 13,171 0.00% 0.65 - 1.90% -41.07% to -0.86%
A74 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- -------------------------------------------------- UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- -------- ---------- ---------------- ------------------ PROFUND VP TELECOMMUNICATIONS December 31, 2006 5,123 $ 6.10191 to $15.34089 $ 44,101 0.69% 0.65 - 2.50% 30.94% to 33.41% December 31, 2005 1,289 $ 4.78437 to $11.37557 $ 8,800 2.21% 0.65 - 2.50% -8.97% to -7.25% December 31, 2004 2,863 $ 5.15817 to $12.49641 $ 17,888 1.22% 0.65 - 2.50% 14.81% to 24.96% December 31, 2003 1,363 $ 4.49290 to $10.05273 $ 7,490 0.00% 0.65 - 2.15% 0.26% to 1.80% December 31, 2002 3,677 $ 4.41367 to $10.02378 $ 16,791 0.00% 0.65 - 2.40% -38.24% to 0.03% PROFUND VP ULTRAMID-CAP December 31, 2006 4,460 $15.13524 to $26.98605 $ 78,717 0.00% 0.65 - 2.50% 7.88% to 9.92% December 31, 2005 5,482 $14.43434 to $15.87782 $ 87,663 0.00% 0.65 - 2.50% 14.96% to 17.13% December 31, 2004 6,891 $12.32354 to $13.81214 $ 88,422 0.00% 0.65 - 2.50% 26.87% to 38.12% December 31, 2003 3,833 $ 9.71365 to $16.36516 $ 38,352 0.00% 0.65 - 2.40% 66.02% to 68.99% December 31, 2002 3,050 $ 5.74812 to $ 9.85757 $ 17,448 0.00% 0.65 - 2.40% -28.54% to -0.17% PROFUND VP ULTRAOTC December 31, 2006 40,480 $ 0.85424 to $19.61369 $ 64,705 0.00% 0.65 - 1.90% 2.89% to 4.19% December 31, 2005 55,242 $ 1.30702 to $18.28341 $ 96,201 0.00% 0.65 - 1.90% -5.58% to -4.38% December 31, 2004 80,485 $ 1.36684 to $19.36302 $146,750 0.00% 0.65 - 1.90% 11.93% to 13.36% December 31, 2003 77,398 $ 1.20574 to $17.29931 $110,190 0.00% 0.65 - 1.90% 98.82% to 98.82% December 31, 2002 73,515 $ 0.59883 to $ 8.70112 $ 45,937 0.00% 0.65 - 1.90% -69.15% to -1.57% PROFUND VP ULTRASMALL-CAP December 31, 2006 3,418 $14.70667 to $31.51979 $ 56,994 0.03% 0.65 - 1.90% 23.61% to 25.19% December 31, 2005 3,107 $12.40722 to $24.45672 $ 39,714 0.00% 0.65 - 1.90% -2.10% to -0.86% December 31, 2004 12,861 $12.51485 to $24.98207 $173,324 0.00% 0.65 - 1.90% 28.58% to 30.22% December 31, 2003 8,428 $ 9.61073 to $19.42973 $ 83,335 0.00% 0.65 - 1.90% 95.67% to 98.16% December 31, 2002 6,340 $ 4.85002 to $ 9.92993 $ 30,346 0.00% 0.65 - 1.90% -42.98% to -0.08% PROFUND VP UTILITIES December 31, 2006 7,381 $11.40328 to $20.29430 $103,910 1.78% 0.65 - 2.50% 16.25% to 18.45% December 31, 2005 6,383 $10.07028 to $13.74600 $ 75,840 0.68% 0.65 - 2.50% 10.24% to 12.33% December 31, 2004 5,238 $ 8.96510 to $12.46874 $ 51,953 1.01% 0.65 - 2.50% 20.29% to 24.69% December 31, 2003 2,838 $ 7.45318 to $12.59701 $ 22,638 2.27% 0.65 - 2.15% 18.76% to 20.58% December 31, 2002 4,114 $ 6.18117 to $10.60389 $ 26,021 0.00% 0.65 - 2.40% -24.43% to 0.73% PROFUND VP LARGE-CAP GROWTH (AVAILABLE NOVEMBER 22, 2004) December 31, 2006 6,836 $10.84734 to $11.28595 $ 75,650 0.00% 0.65 - 2.50% 6.34% to 8.35% December 31, 2005 8,052 $10.20039 to $10.41581 $ 83,058 0.00% 0.65 - 2.50% -1.58% to 0.28% December 31, 2004 337 $10.36577 to $10.38693 $ 3,498 0.00% 0.65 - 2.40% 0.42% to 0.44% PROFUND VP LARGE-CAP VALUE (AVAILABLE NOVEMBER 22, 2004) December 31, 2006 12,386 $11.79581 to $12.52595 $152,132 0.17% 0.65 - 2.75% 15.41% to 17.90% December 31, 2005 7,437 $10.40456 to $10.62437 $ 78,232 0.00% 0.65 - 2.50% 0.46% to 2.36% December 31, 2004 440 $10.37933 to $10.35694 $ 4,561 0.00% 0.65 - 2.40% 0.41% to 0.44% RYDEX NOVA December 31, 2006 950 $ 7.59388 to $17.75553 $ 7,255 1.18% 0.65 - 1.65% 17.31% to 18.50% December 31, 2005 1,194 $ 6.79147 to $15.13531 $ 7,743 0.31% 0.65 - 1.65% 2.26% to 3.29% December 31, 2004 1,584 $ 6.57506 to $14.80144 $ 10,006 0.05% 0.65 - 1.65% 13.87% to 165.58% December 31, 2003 2,051 $ 5.57318 to $ 5.77394 $ 11,452 0.00% 0.65 - 1.40% 37.24% to 38.28% December 31, 2002 2,806 $ 4.17539 to $ 9.58577 $ 11,407 5.02% 0.65 - 2.15% -36.14% to -0.50% RYDEX OTC December 31, 2006 3,717 $ 4.37993 to $14.89301 $ 24,011 0.00% 0.65 - 1.65% 4.03% to 5.09% December 31, 2005 4,874 $ 6.49742 to $14.31564 $ 30,222 0.00% 0.65 - 1.65% -0.55% to 0.46% December 31, 2004 6,736 $ 6.46788 to $14.39508 $ 41,864 0.00% 0.65 - 1.65% 7.54% to 8.63% December 31, 2003 8,737 $ 5.95385 to $13.38605 $ 50,307 0.00% 0.65 - 1.65% 43.02% to 44.47% December 31, 2002 11,072 $ 4.12119 to $ 9.35418 $ 44,381 0.00% 0.65 - 2.15% -39.25% to -0.78% RYDEX INVERSE S&P 500 December 31, 2006 86 $ 5.97071 to $ 8.86347 $ 736 6.26% 1.00 - 1.65% -9.03% to -8.43% December 31, 2005 125 $ 6.56305 to $ 9.67905 $ 1,181 0.00% 1.00 - 1.65% -2.40% to -1.76% December 31, 2004 149 $ 9.62902 to $ 9.85245 $ 1,435 0.00% 1.00 - 1.40% -11.47% to -11.11% December 31, 2003 186 $10.87639 to $11.08367 $ 2,028 0.00% 1.00 - 1.40% -24.72% to -24.41% December 31, 2002 240 $10.13510 to $14.85376 $ 3,468 1.08% 0.65 - 2.15% 20.85% to 0.16% AIM V.I. DYNAMICS FUND December 31, 2006 5,239 $ 8.72831 to $18.82001 $ 66,084 0.00% 0.65 - 2.75% 12.93% to 15.36% December 31, 2005 5,600 $10.48172 to $12.55791 $ 60,680 0.00% 0.65 - 2.50% 7.96% to 10.00% December 31, 2004 7,133 $ 9.52867 to $11.63192 $ 70,632 0.00% 0.65 - 2.50% 12.60% to 16.32% December 31, 2003 9,813 $ 8.46233 to $13.04653 $ 85,022 0.00% 0.65 - 2.40% 34.52% to 36.93% December 31, 2002 10,278 $ 6.18018 to $ 9.69882 $ 62,724 0.00% 0.65 - 2.40% -32.34% to -0.36% AIM V.I. FINANCIAL SERVICES FUND December 31, 2006 4,623 $12.14731 to $18.14659 $ 75,553 1.59% 0.65 - 2.50% 13.54% to 15.69% December 31, 2005 5,702 $11.44169 to $15.68589 $ 81,547 1.50% 0.65 - 2.50% 3.27% to 5.22% December 31, 2004 6,188 $11.07969 to $14.90782 $ 86,730 0.66% 0.65 - 2.50% 7.97% to 10.80% December 31, 2003 7,447 $12.53928 to $13.80766 $ 98,078 0.51% 0.65 - 2.40% 26.47% to 28.74% December 31, 2002 8,207 $ 9.91457 to $10.72535 $ 85,333 0.48% 0.65 - 2.40% -15.45% to -0.10% AIM V.I. GLOBAL HEALTH CARE FUND December 31, 2006 7,589 $11.41050 to $14.63226 $102,317 0.00% 0.65 - 2.50% 2.61% to 4.55% December 31, 2005 8,909 $11.99567 to $13.99520 $116,595 0.00% 0.65 - 2.50% 5.45% to 7.45% December 31, 2004 9,914 $11.37535 to $13.02517 $122,422 0.00% 0.65 - 2.50% 6.87% to 13.75% December 31, 2003 11,072 $10.85273 to $12.18804 $129,595 0.00% 0.65 - 2.25% 8.53% to 26.95% December 31, 2002 12,425 $ 9.50807 to $ 9.60053 $115,835 0.00% 0.65 - 2.40% -24.94% to -0.59% AIM V.I. TECHNOLOGY FUND December 31, 2006 10,801 $ 3.65474 to $15.14319 $ 62,386 0.00% 0.65 - 1.90% 8.39% to 9.76% December 31, 2005 13,665 $ 5.45039 to $13.73947 $ 72,366 0.00% 0.65 - 1.90% 0.24% to 1.51% December 31, 2004 18,010 $ 5.36926 to $13.70690 $ 94,451 0.00% 0.65 - 1.90% 2.64% to 3.95% December 31, 2003 18,239 $ 5.16515 to $13.35425 $ 92,924 0.00% 0.65 - 1.90% 42.53% to 44.34% December 31, 2002 19,761 $ 3.57837 to $ 9.36955 $ 69,602 0.00% 0.65 - 1.90% -47.19% to -0.76%
A75 NOTE 7: FINANCIAL HIGHLIGHTS (CONTINUED)
AT YEAR ENDED FOR YEAR ENDED ----------------------------------------------- -------------------------------------------------- UNITS NET INVESTMENT OUTSTANDING UNIT VALUE ASSETS INCOME EXPENSE RATIO** TOTAL RETURN*** (000S) LOWEST TO HIGHEST (000S) RATIO* LOWEST - HIGHEST LOWEST TO HIGHEST ----------- ---------------------- -------- ---------- ---------------- ------------------ WELLS FARGO ADVANTAGE VT ASSET ALLOCATION December 31, 2006 3,848 $12.51877 to $25.89275 $ 98,746 2.26% 1.40 - 2.25% 9.62% to 10.57% December 31, 2005 5,123 $11.53381 to $23.41668 $119,014 2.03% 1.40 - 2.25% 2.63% to 3.52% December 31, 2004 6,331 $11.23801 to $22.62013 $142,216 2.00% 1.40 - 2.25% 7.81% to 12.38% December 31, 2003 7,245 $11.75271 to $20.98180 $151,438 1.73% 1.40 - 1.90% 19.78% to 20.39% December 31, 2002 8,340 $ 9.80923 to $17.42864 $145,328 3.00% 1.40 - 2.15% -14.07% to -0.23% WELLS FARGO ADVANTAGE VT EQUITY INCOME December 31, 2006 2,822 $11.65173 to $21.90813 $ 38,998 1.58% 0.65 - 2.75% 15.30% to 17.78% December 31, 2005 2,707 $11.92936 to $18.60046 $ 31,523 1.45% 0.65 - 2.50% 2.75% to 4.69% December 31, 2004 2,903 $11.61020 to $17.76678 $ 31,951 1.64% 0.65 - 2.50% 10.36% to 16.10% December 31, 2003 2,328 $15.28644 to $16.09924 $ 23,153 1.58% 0.65 - 2.25% 23.37% to 25.39% December 31, 2002 1,601 $ 9.89706 to $12.83930 $ 12,284 1.70% 0.65 - 2.40% -19.79% to -0.12% WELLS FARGO ADVANTAGE VT C&B LARGE CAP VALUE December 31, 2006 1,592 $10.97931 to $16.41205 $ 17,808 1.45% 0.65 - 2.75% 18.77% to 21.33% December 31, 2005 1,934 $ 9.61029 to $ 9.66390 $ 17,885 0.76% 0.65 - 2.25% 0.79% to 2.44% December 31, 2004 2,343 $ 9.43398 to $ 9.53473 $ 21,281 1.58% 0.65 - 2.25% 8.71% to 10.50% December 31, 2003 2,644 $ 8.53761 to $ 8.77041 $ 21,792 1.51% 0.65 - 2.25% 22.74% to 24.75% December 31, 2002 3,054 $ 6.84372 to $ 9.96567 $ 20,215 1.22% 0.65 - 2.40% -24.58% to -0.04% WELLS FARGO ADVANTAGE VT LARGE COMPANY CORE December 31, 2006 1,079 $11.95836 to $19.70500 $ 21,202 0.65% 1.40 - 2.00% 13.34% to 14.03% December 31, 2005 1,406 $10.55130 to $17.28105 $ 24,242 0.50% 1.40 - 2.00% -4.19% to -3.60% December 31, 2004 1,873 $11.01271 to $17.92732 $ 33,512 0.00% 1.40 - 2.00% 6.86% to 10.13% December 31, 2003 2,374 $11.65063 to $16.77690 $ 39,779 0.00% 1.40 - 1.65% 21.55% to 21.86% December 31, 2002 2,940 $ 9.57946 to $13.76777 $ 40,473 0.12% 1.40 - 2.15% -26.88% to -0.51% WELLS FARGO ADVANTAGE VT INTERNATIONAL CORE December 31, 2006 240 $10.10604 to $17.55826 $ 2,666 1.60% 1.25 - 2.15% 18.22% to 19.30% December 31, 2005 289 $ 8.48386 to $14.54433 $ 2,650 1.87% 1.40 - 2.15% 7.32% to 8.14% December 31, 2004 327 $ 7.84507 to $13.55206 $ 2,802 0.22% 1.40 - 2.15% 6.66% to 8.09% December 31, 2003 309 $ 7.25760 to $12.70566 $ 2,409 0.32% 1.40 - 1.65% 29.29% to 29.62% December 31, 2002 261 $ 5.59914 to $ 9.82123 $ 1,479 0.19% 1.40 - 2.15% -24.00% to -0.22% WELLS FARGO ADVANTAGE VT LARGE COMPANY GROWTH December 31, 2006 1,164 $ 8.67196 to $12.35658 $ 10,629 0.00% 1.40 - 2.00% 0.31% to 0.92% December 31, 2005 1,456 $ 8.59302 to $10.87742 $ 13,023 0.18% 1.40 - 2.00% 3.59% to 4.23% December 31, 2004 1,767 $ 8.24000 to $10.50024 $ 15,147 0.00% 1.40 - 2.00% 1.75% to 5.00% December 31, 2003 1,879 $ 8.09835 to $11.59446 $ 15,554 0.00% 1.40 - 1.90% 23.89% to 24.52% December 31, 2002 1,746 $ 6.50377 to $ 9.35612 $ 11,379 0.00% 1.40 - 2.15% -29.02% to -0.78% WELLS FARGO ADVANTAGE VT MONEY MARKET December 31, 2006 1,927 $10.00952 to $13.11955 $ 25,268 4.25% 1.40 - 2.40% 1.84% to 2.88% December 31, 2005 2,115 $ 9.86463 to $12.75216 $ 26,963 2.47% 1.40 - 1.65% 0.85% to 1.11% December 31, 2004 2,746 $ 9.78121 to $12.61236 $ 34,621 0.68% 1.40 - 1.65% -0.96% to -0.70% December 31, 2003 3,678 $ 9.87554 to $12.70171 $ 46,714 0.52% 1.40 - 1.65% -1.16% to -0.91% December 31, 2002 5,391 $ 9.98520 to $12.81783 $ 69,107 1.24% 1.40 - 2.15% -0.16% to -0.02% WELLS FARGO ADVANTAGE VT SMALL CAP GROWTH December 31, 2006 442 $11.40341 to $19.23621 $ 5,303 0.00% 1.40 - 1.90% 20.43% to 21.04% December 31, 2005 530 $ 9.42126 to $15.80703 $ 5,212 0.00% 1.40 - 1.90% 4.23% to 4.76% December 31, 2004 636 $ 8.99000 to $15.16544 $ 5,946 0.00% 1.40 - 1.90% 11.28% to 12.17% December 31, 2003 735 $ 8.01738 to $13.62765 $ 6,050 0.00% 1.40 - 1.65% 39.92% to 40.28% December 31, 2002 778 $ 5.71536 to $ 9.73357 $ 4,454 0.00% 1.40 - 2.15% -39.08% to -0.32% WELLS FARGO ADVANTAGE VT TOTAL RETURN BOND December 31, 2006 1,003 $10.38538 to $13.74805 $ 13,714 4.27% 1.40 - 2.25% 1.40% to 2.28% December 31, 2005 1,329 $10.24238 to $13.44215 $ 17,781 3.62% 1.40 - 2.25% -0.44% to 0.43% December 31, 2004 1,600 $10.28716 to $13.38474 $ 21,323 3.44% 1.40 - 2.25% 2.87% to 2.99% December 31, 2003 2,027 $10.85859 to $12.99668 $ 26,285 3.24% 1.40 - 1.90% 6.36% to 6.90% December 31, 2002 2,452 $10.20667 to $12.15811 $ 29,806 6.11% 1.40 - 2.15% 0.25% to 6.24% AST FIRST TRUST BALANCED TARGET PORTFOLIO (AVAILABLE MARCH 20, 2006) December 31, 2006 43,588 $10.48756 to $10.66517 $459,438 0.00% 0.65 - 2.75% 4.90% to 6.66% AST FIRST TRUST CAPITAL APPRECIATION TARGET PORTFOLIO (AVAILABLE MARCH 20, 2006) December 31, 2006 47,802 $10.38961 to $10.56558 $498,977 0.00% 0.65 - 2.75% 3.92% to 5.66% AST ADVANCED STRATEGIES PORTFOLIO (AVAILABLE MARCH 20, 2006) December 31, 2006 50,596 $10.55304 to $10.74480 $537,413 0.00% 0.65 - 2.90% 5.56% to 7.45% COLUMBIA HIGH YIELD FUND VS (AVAILABLE MAY 1, 2006) December 31, 2006 43 $10.71961 to $10.71961 $ 463 2.48% 1.00 - 1.00% 7.01% to 7.01%
* These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. This ratio excludes those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest. ** These ratios represent the annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded. *** These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the Account, the total return is calculated for the years ended December 31, 2006, 2005, 2004, 2003 and 2002 or from the effective date of the subaccount through the end of the reporting period. Product designs within a subaccount with an effective date during a period were excluded from the range of total return for that period. A76 NOTE 8: CONTRACT CHARGES/FEATURES Each Annuity funded through the Separate Account is subject to specific fees and charges, some of which are deducted as an asset-based charge by the Separate Account, while others are deducted either annually or at the time that certain transactions are made. INSURANCE CHARGE - The Insurance Charge is the combination of the mortality and expense risk charge and the administrative charge deducted by the Separate Account. The Insurance Charge is expressed as an annual charge; however the daily equivalent is deducted on a daily basis from the assets of the Separate Account. Prior to the consolidation of Separate Account B (described in Note 6), the level of Insurance Charge determined which separate account was used to fund the particular annuity. The following Insurance Charge levels apply to each Annuity product, as listed.
INSURANCE CHARGE ANNUITYANNUITY PRODUCT NAME - ---------------- --------------------------- 0.65% Choice, Choice 2000, ASAP III, XTra Credit SIX, Stagecoach ASAP III, Stagecoach Xtra Credit SIX, Optimum, Optimum Plus 1.00% AS Impact, Defined Investments Annuity, Galaxy III 1.25% ASAIA, ASVIA 1.40% PSA, ACN, ASAP, ASAP II, Harvester Variable Annuity, ASAP II Premier, Apex, Stagecoach Apex, ASL, Stagecoach Flex, ASL Premier, XTra Credit Stagecoach Extra Credit, Harvester XTra Credit, XTra Credit Premier XTra Credit FOUR, XTra Credit FOUR Premier, AS Protector, Stagecoach Variable Annuity, Stagecoach VA+ 1.65% Apex II, ASL II, ASL II Premier, Stagecoach APEX II, Optimum Four 2.25% ASAIA w/ Guarantee
DISTRIBUTION CHARGE - The Distribution Charge is deducted by the Separate Account on four American Skandia annuity contracts. The Distribution Charge is expressed as an annual charge; however the daily equivalent is deducted on a daily basis from the assets of the Separate Account. The charge is deducted for the number of years indicated below and then no longer applies.
DISTRIBUTION CHARGE ANNUITY PRODUCT NAME PERIOD DEDUCTED - ------------------- -------------------- --------------- 0.60% ASAP III, Stagecoach ASAP III, Optimum Annuity Years 1-8 only 1.00% XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus Annuity Years 1-10 only
ANNUAL MAINTENANCE FEE - An Annual Maintenance Fee of up to $35 is deducted at the end of each Annuity Year and upon surrender of the Annuity. The Annual Maintenance Fee on certain contracts may be less than $35, may be zero or, under certain circumstances, may be waived based on the Account Value of the Annuity on the anniversary date when the charge is deducted. TRANSFER FEES - Transfer Fees are charged at a rate of $10 for each transfer after the 20th in each Annuity Year, as set forth in the respective prospectuses. CONTINGENT DEFERRED SALES CHARGES - Contingent Deferred Sales Charges may apply to certain withdrawals from the annuities and upon surrender of the annuity. When applicable, Contingent Deferred Sales Charges will apply for a maximum number of years depending on the type of contract. The maximum number of years may be based on the number of years since each Purchase Payment is applied or from the issue date of the Annuity. Certain annuities do not deduct a Contingent Deferred Sales Charge upon surrender or withdrawal. Please refer to the prospectus for your annuity contract for a complete description of the Contingent Deferred Sales Charge, as well as for any exceptions to the provision that may apply to certain withdrawals during each Annuity Year. PREMIUM TAXES - Some states and municipalities impose premium taxes, which currently range up to 3.5% on Variable Immediate Annuity contracts. OPTIONAL BENEFIT CHARGES - Prior to November 18, 2002, American Skandia offered certain optional benefits as riders to the various annuity contracts where the annual charge to purchase the rider was deducted from the annuity on an annual basis in arrears. Effective as of November 18, 2002, American Skandia offers riders for optional benefits whose annual charge is deducted on a daily basis from the assets in the Separate Account. The daily charge for the optional benefits is deducted in the same manner as the Insurance Charge and the Distribution Charge (if applicable). Annuity Owners who elect to purchase an optional benefit purchase units of the Separate Account that reflect the Insurance Charge, Distribution Charge (if applicable) and the charge for any optional benefit(s). Annuity owners who elected an optional benefit whose charge is deducted on an annual basis in arrears will continue to have the applicable charge deducted in this manner. Currently, American Skandia offers eight different optional benefits, as follows: Guaranteed Return Option PlusSM (GRO Plus), Guaranteed Minimum Withdrawal Benefit (GMWB), Guaranteed Minimum Income Benefit (GMIB), Lifetime Five Income Benefit (LT5), Highest Anniversary Value Death Benefit (HAV), Enhanced Beneficiary Protection Death Benefit (EBP),Highest Daily Value Death Benefit (HDV) and Combination 5% Roll-Up and HAV Death Benefit (Combo 5%). Currently, the charge for GRO Plus, HAV and EBP is 0.25% per year, respectively, the charge for GMWB is 0.35% per year, the charge for HDV and Combo 5% is 0.50% per year, respectively, the charge for LT5 is 0.60% per year and the charge for GMIB is 0.50% per year of the Protected Income Value. Certain American Skandia annuity contracts may not be eligible to elect all or any optional benefits. A77 NOTE 9: ACCUMULATION UNIT VALUES Accumulation Unit Values (or "AUVs") are calculated for each Sub-account on each Valuation Day. Each Sub-account may have several different AUVs based on each combination of the Insurance Charge, Distribution Charge and each available optional benefit.
ASSET-BASED CHARGE LEVEL DESCRIPTION OF WHEN APPLICABLE - ------------ ------------------------------ 0.65% Choice, Choice 2000 - No Optional Benefits. This asset-based charge level was formerly applicable to annuity contracts funded through American Skandia Life Assurance Corporation Variable Account B (Class 2 Sub-accounts). 0.90% Choice, Choice 2000 - One 0.25% Optional Benefit. 1.00% AS Impact, Defined Investments Annuity, Galaxy III - No Optional Benefits. Choice 2000 - with GMWB. This asset-based charge level was formerly applicable to annuity contracts funded through American Skandia Life Assurance Corporation Variable Account B (Class 3 Sub-accounts). 1.15% Choice - Two 0.25% Optional Benefits. Choice 2000 - One 0.50% Optional Benefit; or Two 0.25% Optional Benefits. 1.25% ASAP III, Stagecoach ASAP III, Optimum - No Optional Benefits. AS Impact, Defined Investments Annuity, Galaxy III - One 0.25% Optional Benefit. Choice 2000 - with LT5; or with GMWB and either HAV or EBP. ASAIA, ASVIA This asset-based charge level was formerly applicable to annuity contracts funded through American Skandia Life Assurance Corporation Variable Account B (Class 7 Sub-accounts). 1.40% PSA, ACN, ASAP, ASAP II, Harvester Variable Annuity, ASAP II Premier, Apex, Stagecoach Apex, ASL, Stagecoach Flex, ASL Premier, XTra Credit, Stagecoach Extra Credit, Harvester XTra Credit, XTra Credit Premier, XTra Credit FOUR, XTra Credit FOUR Premier, AS Protector, Stagecoach Variable Annuity, Stagecoach VA+ - No Optional Benefits. Choice - Three 0.25% Optional Benefits. Choice 2000 - with Combo 5% and GRO Plus; or with Three 0.25% Optional Benefits. This asset-based charge level was formerly applicable to annuity contracts funded through American Skandia Life Assurance Corporation Variable Account B (Class 1 Sub-accounts). 1.50% ASAP III, Stagecoach ASAP III, Optimum - One 0.25% Optional Benefit. AS Impact, Defined Investments Annuity - Two 0.25% Optional Benefits. Choice 2000 - with GMWB, HAV, and EBP; or with GMWB and either Combo 5% or HDV; or with LT5 and either HAV or EBP. 1.60% ASAP III, Stagecoach ASAP III, Optimum - with GMWB. 1.65% Apex II, ASL II, ASL II Premier, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - No Optional Benefits. ACN, ASAP, ASAP II, Harvester Variable Annuity, ASAP II Premier, Apex, Stagecoach Apex, ASL, Stagecoach Flex, ASL Premier, XTra Credit, Stagecoach Extra Credit, Harvester XTra Credit, XTra Credit Premier, XTra Credit FOUR, XTra Credit FOUR Premier, AS Protector, Stagecoach Variable Annuity, Stagecoach VA+ - One 0.25% Optional Benefit. This asset-based charge level was formerly applicable to annuity contracts funded through American Skandia Life Assurance Corporation Variable Account B (Class 9 Sub-accounts). 1.75% ASAP III, Stagecoach ASAP III, Optimum - One 0.50% Optional Benefit; or Two 0.25% Optional Benefits. Defined Investments Annuity - Three 0.25% Optional Benefits. Choice 2000 - with LT5, HAV and EBP; or with GMWB, HDV and EBP; or with LT5 and either Combo 5% or HDV. 1.85% ASAP III, Stagecoach ASAP III, Optimum - with LT5; or with GMWB and either HAV or EBP. 1.90% ASL II, ASL II Premier, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - One 0.25% Optional Benefit. ASAP II, Apex, Stagecoach Apex, ASL, Stagecoach Flex, XTra Credit, Stagecoach Extra Credit, XTra Credit FOUR, Stagecoach VA+, Stagecoach Variable Annuity - Two 0.25% Optional Benefits.
A-78 2.00% ASAP III, Stagecoach ASAP III, Optimum - with Combo 5% and GRO Plus; or with Three 0.25% Optional Benefits. ASL II, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - with GMWB. Choice 2000 - with LT5, HDV and EBP. 2.10% ASAP III, Stagecoach ASAP III, Optimum - with GMWB, HAV and EBP; or with GMWB and either Combo 5% or HDV; or with LT5 and either HAV or EBP. 2.15% ASL II, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - One 0.50% Optional Benefit; or Two 0.25% Optional Benefits. ASAP II, Apex, Stagecoach Apex, ASL, Stagecoach Flex, XTra Credit, Stagecoach Extra Credit, XTra Credit FOUR, Stagecoach VA+, Stagecoach Variable Annuity - Three 0.25% Optional Benefits. 2.25% ASAP II -- with HAV, EBP and GMWB. ASL II, ASL II Premier, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - with LT5; or with GMWB and either HAV or EBP. ASAIA w/ Guarantee* * This asset-based charge level was formerly applicable to annuity contracts funded through American Skandia Life Assurance Corporation Variable Account B (Class 8 Sub-accounts). 2.35% ASAP III, Stagecoach ASAP III, Optimum - with GMWB, HDV and EBP; or with LT5, HAV and EBP; or with LT5 and either Combo 5% or HDV. 2.40% ASL II, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - with Combo 5% and GRO Plus; or with Three 0.25% Optional Benefits. 2.50% ASL II, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - with GMWB, HAV and EBP; or with GMWB and either Combo 5% or HDV; or with LT5 and either HAV or EBP. 2.60% ASAP III, Stagecoach ASAP III, Optimum - with LT5, HDV and EBP. 2.75% ASL II, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - with GMWB, HDV and EBP; or with LT5, HAV and EBP; or with LT5 and either Combo 5% or HDV. 3.00% ASL II, Apex II, Stagecoach Apex II, Optimum Four, XTra Credit SIX, Stagecoach XTra Credit SIX, Optimum Plus - with LT5, HDV and EBP.
A79 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf on the 5th day of March, 2007. AMERICAN SKANDIA LIFE ASSURANCE CORPORATION Depositor /s/Laura Kealey - -------------------------------------- Laura Kealey, Vice President, Corporate Counsel As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.
Signature Title Date (Principal Executive Officer) David R. Odenath* Chief Executive Officer and President March 5, 2007 - ----------------- David R. Odenath (Principal Financial Officer and Principal Accounting Officer) Michael Bohm* Executive Vice President and Chief Financial Officer - ------------- Michael Bohm (Board of Directors) James Avery* Kenneth Y. Tanji* Helen Galt* - ------------ ----------------- ----------- James Avery Kenneth Y. Tanji Helen Galt David R. Odenath* Ronald Joelson* Bernard J. Jacob* - ----------------- --------------- ----------------- David R. Odenath Ronald Joelson Bernard J. Jacob
/s/Laura Kealey By:______________________________________ Laura Kealey *Executed by Laura Kealey on behalf of those indicated pursuant to Power of Attorney Exhibits Exhibit 23a Consent of PricewaterhouseCoopers LLP. FILED HEREWITH EX-23 4 pwcconsents3.txt PWC CONSENT Consent of Independent Registered Public Accounting Firm We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of our reports dated March 24, 2006 and February 27, 2004 relating to the financial statements, which appear in American Skandia Life Assurance Corporation Company's Annual Report on Form 10-K for the year ended December 21, 2005. New York, New York March 2, 2007 -----END PRIVACY-ENHANCED MESSAGE-----