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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">As filed with the Securities and Exchange</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration No. 333-</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commission on April 4, 2011</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">FORM S-1</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Connecticut</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">71-0294708</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">One Orange Way, C1S, Windsor, Connecticut 06095-4774, (860) 580-2831</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">J. Neil McMurdie, Senior Counsel</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">One Orange Way, C2N, Windsor, Connecticut 06095-4774</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(860) 580-2824</FONT></TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Approximate date of commencement of proposed sale to the public: </FONT></B><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">It is proposed that the</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">public offering will commence as soon as practicable after effectiveness of this filing.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If any of the securities being registered to this Form are to be offered on a delayed or continuous</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">basis pursuant to Rule 415 under the Securities Act, check the following box. [ X ]</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the Securities Act, check the following box and list the Securities Act registration statement</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">number of the earlier effective registration statement for the same offering. [ X ] 333-158492</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act,</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">check the following box and list the Securities Act registration statement number of the earlier</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">effective registration statement for the same offering. [</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">]</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Act, check the following box and list the Securities Act registration statement number of the</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">earlier effective registration statement for the same offering. [</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">]</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Check one):</FONT>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Calculation of Registration Fee</FONT></B></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Title of Each</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Proposed</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Proposed</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Securities to be</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amount to be</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amount of</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registered</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registered</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Per Unit</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Offering Price</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Fee</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">*</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">*</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#36;100,000,000</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#36;11,610</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">*The proposed maximum aggregate offering price is estimated solely for the purpose of</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">determining the registration fee. The amount to be registered and the proposed maximum</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">offering price per unit are not applicable since these securities are not issued in predetermined</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amounts or units.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to Rule 429(b) of the 1933 Act, unsold securities previously registered under</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Statement No. 333-158492 are being carried forward to this Registration Statement.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">As of February 28, 2011, the amount of such unsold securities was &#36;100,130,000.</FONT>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">The Registrant hereby amends this Registration Statement on such dates as may be</FONT></B>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">necessary to delay its effective date until the Registrant shall file a further amendment</FONT></B>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">which specifically states that this Registration Statement shall thereafter become effective</FONT></B>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration</FONT></B>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Statement shall become effective on such date as the Commission, acting pursuant to</FONT></B>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Section 8(a), may determine.</FONT></B>&nbsp;</TD>
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<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">PART I</FONT></B><BR>
<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">INFORMATION REQUIRED IN PROSPECTUS</FONT></B></P>

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<B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company</FONT></B></TD>
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<B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Guaranteed Accumulation Account Prospectus &#150; April 29, 2011</FONT></B>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Introduction</FONT></I></B>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Guaranteed Accumulation Account (GAA) is a fixed interest option available during the accumulation phase of</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">certain variable annuity contracts issued by ING Life Insurance and Annuity Company (the Company, we, us, our).</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Read this prospectus carefully before investing in GAA and save it for future reference.</FONT>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">General Description</FONT></I></B>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GAA offers investors the opportunity to earn specified guaranteed rates of interest for specified periods of time,</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">called guaranteed terms. We generally offer several guaranteed terms at any one time for those considering investing</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">in GAA. Each guaranteed term offers a guaranteed interest rate for investments that remain in GAA for the duration</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the specific guaranteed term. The guaranteed term establishes both the length of time for which we agree to credit</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a guaranteed interest rate and how long your investment must remain in GAA in order to receive the guaranteed</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest rate.</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We guarantee both principal and interest if, and only if, your investment remains invested for the full guaranteed</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term. Charges related to the contract, such as a maintenance fee or early withdrawal charge, may still apply even if</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">you do not withdraw until the end of a guaranteed term. </FONT><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Investments taken out of GAA prior to the end of a</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">guaranteed term may be subject to a market value adjustment, which may result in an investment gain or</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">loss. See &#147;Market Value Adjustment,&#148; page 12.</FONT></B>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">This prospectus will explain:</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Guaranteed interest rates and guaranteed terms;</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Contributions to GAA;</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Types of investments available, and how they are classified;</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">How rates are offered;</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">How there can be an investment risk, and how we calculate gain or loss;</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Contract charges that can affect your account value in GAA;</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Taking investments out of GAA; and</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">How to reinvest or withdraw at maturity.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Additional Disclosure Information</FONT></I></B>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of these securities or passed on the accuracy or adequacy of this prospectus. Any representation to the contrary is a</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">criminal offense. We do not intend for this prospectus to be an offer to sell or a solicitation of an offer to buy these</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">securities in any state or jurisdiction that does not permit their sale. We have not authorized anyone to provide you</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">with information that is different than that contained in this prospectus.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our Home Office:</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company</FONT></TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">One Orange Way</FONT></TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Windsor, Connecticut 06095-4774</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1-800-262-3862</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-10</FONT>&nbsp;</TD>
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</TABLE>
</DIV>
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<!--$$/page=--><A name="page_5"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="44%"></TD>   <TD width="48%"></TD>   <TD width="7%"></TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=4 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Table of Contents</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Summary</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Description of the Guaranteed Accumulation Account</FONT></B>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">6</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">General, Contributions to GAA, Deposit Period, Guaranteed Terms, Guaranteed Term Classifications,</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Guaranteed Interest Rates, Interest Rate Lock, Maturity of a Guaranteed Term, Maturity Value Transfer</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Provision</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Transfers</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">10</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transfers from GAA, Transfers Between Guaranteed Term Classifications</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Withdrawals</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">11</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Deferral of Payments, Reinvestment Privilege</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Market Value Adjustment (MVA)</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">12</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Calculation of the MVA, MVA Formula</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Contract Charges</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT style="COLOR: #400000" size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">15</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Other Topics</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT style="COLOR: #400000" size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">15</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Anti-Money Laundering, The Company, Income Phase, Contract Loans, Investments, Distribution of</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Contracts, Taxation, Experts, Legal Matters, Further Information, Incorporation of Certain Documents by</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Reference, Inquiries</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Appendix I - Examples of Market Value Adjustment Calculations</FONT></B>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT style="COLOR: #400000" size=2>20</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Appendix II - Examples of Market Value Adjustment at Various Yields</FONT></B>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">24</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_6"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="43%"></TD>   <TD width="25%"></TD>   <TD width="28%"></TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 noWrap align=left><B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Summary</FONT></B>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GAA is a fixed interest option that may be available during the accumulation</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Questions: Contacting the</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">phase of your annuity contract. The following is a summary of certain facts</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Company. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To answer your</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">about GAA.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">questions, contact your sales</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">representative or write or call</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">In General. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amounts that you invest in GAA will earn a guaranteed interest</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">our Home Office at:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">rate if left in GAA for a specified period of time (the guaranteed term). You</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">must invest amounts in GAA for the full guaranteed term in order to receive</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the quoted guaranteed interest rate. If you withdraw or transfer those amounts</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">USFS Customer Service</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">before the end of the guaranteed term, we may apply a &#8220;market value</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Defined Contribution</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">adjustment,&#8221; which may be positive or negative.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Administration</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">P.O. Box 990063</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Deposit Periods. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A deposit period is the time during which we offer a</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Hartford, CT 06199-0063</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">specific guaranteed interest rate if you deposit dollars for a specific</FONT>&nbsp;</TD>   <TD bgColor=#d9d9d9 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1-800-262-3862</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term. For a particular guaranteed interest rate and guaranteed term</FONT>&nbsp;</TD>   <TD bgColor=#d9d9d9 noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to apply to your account dollars, you must invest them during the deposit</FONT>&nbsp;</TD>   <TD bgColor=#d9d9d9 noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period in which that rate and term are offered.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD bgColor=#d9d9d9 noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Guaranteed Terms. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A guaranteed term is the period of time account dollars</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">must be left in GAA in order to earn the guaranteed interest rate specified for</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">that guaranteed term. We may offer different guaranteed terms at different</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">times. Check with your representative or the Company to learn the details</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">about the guaranteed term(s) currently offered. We reserve the right to limit</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the number of guaranteed terms or the availability of certain guaranteed terms.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In addition, under certain contracts, we reserve the right to discontinue</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">offering GAA, or to limit the availability of GAA guaranteed term</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">classifications.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Some annuity contracts that offer GAA distinguish between short- and long-</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term classifications of GAA. Under those contracts, we make the following</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">distinction:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Short-term classification&#8212;three years or less; and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Long-term classification&#8212;between three and ten years.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Guaranteed Interest Rates. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We guarantee different interest rates, depending</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">upon when account dollars are invested in GAA. The interest rate we</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guarantee is an annual effective yield; that means that the rate reflects a full</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">year&#8217;s interest. We credit interest at a rate that will provide the guaranteed</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">annual effective yield over one year. The guaranteed interest rate(s) is</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed for that deposit period and for the length of the guaranteed term.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The guaranteed interest rates we offer will always meet or exceed the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">minimum interest rates agreed to in the contract, if any. Not all contracts</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">provide for minimum interest rates for the GAA. Apart from meeting the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contractual minimum interest rates, if any, we can in no way guarantee any</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">aspect of future offerings.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_7"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="8%"></TD>   <TD width="34%"></TD>   <TD width="54%"></TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Interest Rate Lock. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Certain contracts may provide a 45 day interest rate lock in connection with external</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfers into GAA, which you must elect at the time you initiate the external transfer. Under this rate lock</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">provision, if applicable, we will deposit external transfers to the deposit period offering the greater of (a) and (b)</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">where:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 5px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a)</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Is the guaranteed interest rate for the deposit period in effect at the time we receive the rate lock</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">election; and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 5px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b)</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Is the guaranteed interest rate for the deposit period in effect at the time we receive an external</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfer from your prior provider.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If applicable, this rate lock will be available to all external transfers received for 45 days from the date we receive</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a rate lock election. In the event we receive an external transfer after this 45 day time period, it will be deposited</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to the deposit period in effect at the time we receive the external transfer, and will earn the guaranteed interest rate</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">for that guaranteed term. Only one rate lock may be in effect at one time per contract &#8211; once a rate lock has been</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">elected, that rate lock will apply to all external transfers received during that 45 day period, and you may not elect</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to begin a new rate lock period during that 45 day period.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amounts subject to the rate lock will not be deposited until the external transfer has been received, and will not be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">credited interest until deposited. This could result in the deposit being credited interest for a shorter term than if a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">rate lock had not been elected. The cost of providing a rate lock may be a factor we consider when determining</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed interest rate for a deposit period, which impacts the guaranteed interest rate for all investors in that</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Fees and Other Deductions. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We do not make deductions from amounts in GAA to cover mortality and expense</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">risks. Rather, we consider these risks when determining the credited rate. The following other types of charges</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">may be deducted from amounts held in, withdrawn or transferred from GAA:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Market Value Adjustment (MVA). An MVA may be applied to amounts transferred or withdrawn prior to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">end of a guaranteed term, which reflects changes in interest rates since the deposit period. The MVA may be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">positive or negative, and therefore may increase or decrease the amount withdrawn to satisfy a transfer or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal request. See &#8220;Market Value Adjustment.&#8221;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Tax Penalties and/or Tax Withholding. Amounts withdrawn may be subject to withholding for federal income</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">taxes, as well as a 10% penalty tax for amounts withdrawn prior to your having attained age 59&#189;. See</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#8220;Taxation&#8221;; see also the &#8220;Tax Considerations&#8221; section of the contract prospectus.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Early Withdrawal Charge. An early withdrawal charge, which is a deferred sales charge, may apply to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amounts withdrawn from the contract, in order to reimburse us for some of the sales and administrative</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">expenses associated with the contract. See &#8220;Contract Charges&#8221;; see also the &#8220;Fees&#8221; section of the contract</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prospectus.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Maintenance Fee. An annual maintenance fee of up to $50 may be deducted pro rata from all funding options</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">including GAA. See &#8220;Contract Charges&#8221;; see also the &#8220;Fees&#8221; section of the contract prospectus.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transfer Fees. Under some contracts transfer fees of up to $10 per transfer may be deducted from amounts</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">held in or transferred from GAA during the accumulation phase. See &#8220;Contract Charges&#8221;; see also the &#8220;Fees&#8221;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">section of the contract prospectus.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Premium Taxes. We may deduct a charge for premium taxes of up to 4% from amounts in GAA. See</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#8220;Contract Charges&#8221;; see also the &#8220;Fees&#8221; section of the contract prospectus.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Front End Sales Charges. Under some contracts, we may deduct front end sales charges of up to 6%. See</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#8220;Contract Charges&#8221;; see also the &#8220;Fees&#8221; section of the contract prospectus.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Market Value Adjustment (MVA). </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If you withdraw or transfer all or part of your account value from GAA</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">before the guaranteed term is complete, an MVA may apply. The MVA reflects the change in the value of the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">investment due to changes in interest rates since the date of deposit. The MVA may be positive or negative</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">depending upon interest rate activity at the time of withdrawal or transfer.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_8"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="1%"></TD>   <TD width="42%"></TD>   <TD width="56%"></TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Any MVA applied to a withdrawal or transfer from GAA will be calculated as an &#8220;aggregate MVA,&#8221; which is the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">sum of all MVAs applicable due to the withdrawal. See the sidebar on page 12 for an example of the calculation</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the aggregate MVA. The following withdrawals will be subject to an aggregate MVA only if it is positive:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the election of a lifetime income option; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the death of the participant (if paid within the first six months following death). For certain</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contracts issued in the state of New York, this provision also applies in the event of disability, as defined in the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contract.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">All other withdrawals will be subject to an aggregate MVA, regardless of whether it is positive or negative,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">including:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the election of a nonlifetime income option;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Payments due to the death of the participant, if paid more than six months following death (or disability, if</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable); and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Full or partial withdrawals during the accumulation phase (except for withdrawals at the end of a guaranteed</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term or pursuant to the maturity value transfer provision - see &#8220;Maturity of a Guaranteed Term&#8221; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#8220;Maturity Value Transfer Provision&#8221;).</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under certain contracts that guarantee a death benefit equal to the greater of the &#8220;adjusted purchase total&#8221; or the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">current account value (excluding loans), the calculation of the current account value will include the aggregate</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA only if it is positive, regardless of whether the death benefit is paid within six months following death. See</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the &#8220;Death Benefit&#8221; section of the contract prospectus. Under some of these contracts, an election to defer</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">payment of the death benefit will result in the application of the aggregate MVA, whether positive or negative,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">when the beneficiary elects to begin distribution of the death benefit.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">See &#8220;Description of the Guaranteed Accumulation Account&#8221; and &#8220;Market Value Adjustment.&#8221;</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Maturity of a Guaranteed Term. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On or before the end of a guaranteed term, the contract holder or you, if</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable, may instruct us to:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transfer the matured amount to one or more new guaranteed terms available under the current deposit period;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transfer the matured amount to other available investment options; or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdraw the matured amount.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amounts withdrawn may be subject to an early withdrawal charge, maintenance fee, tax withholding, and tax</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">penalties. See &#8220;Contract Charges&#8221;; see also the &#8220;Fees&#8221; and &#8220;Tax Considerations&#8221; sections of the contract</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prospectus. When a guaranteed term ends, if we have not received instructions, we will automatically reinvest the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">maturing investment into a guaranteed term available in the current deposit period. See &#8220;Maturity Value Transfer</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Provision.&#8221; For contracts that distinguish between short- and long-term classifications, we will generally transfer</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the maturing investment to the available deposit period for the guaranteed term having the shortest maturity within</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the same classification. For other contracts, we will generally transfer the maturing investment in the following</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">manner based upon availability:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To a guaranteed term of the same duration, if available;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To a guaranteed term with the next shortest duration, if available; or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To a guaranteed term with the next longest duration.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If you do not provide instructions concerning the maturing amount on or before the end of a guaranteed term, and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">this amount is automatically reinvested as noted above, the maturity value transfer provision will apply.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Maturity Value Transfer Provision. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If we automatically transfer the matured investment into the current deposit</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period, the contract holder or you, if applicable, may, for a limited time, transfer or withdraw all or a portion of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the matured investment that was transferred without the application of an MVA. As described in &#8220;Fees and Other</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Deductions&#8221; above, other fees, including an early withdrawal charge and a maintenance fee, may be assessed on</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amounts withdrawn. See &#8220;Description of the Guaranteed Accumulation Account.&#8221;</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">5</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_9"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="41%"></TD>   <TD width="56%"></TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Transfer of Account Dollars. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Generally, account dollars invested in GAA may be transferred among guaranteed</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">terms offered through GAA, and/or to other investment options offered through the contract. However:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transfers may not be made during the deposit period in which your account dollars are invested in GAA or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">for 90 days after the close of that deposit period; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We may apply an MVA to transfers made before the end of a guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transfers to other investment options offered through the contract may be subject to limits on frequent or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">disruptive transfers or limits imposed by the underlying funds. See the &#8220;Transfers&#8221; and &#8220;Investment Options&#8221;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">sections of your contract prospectus.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Investments. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Guaranteed interest rates credited during any guaranteed term do not necessarily relate to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">investment performance. Deposits received into GAA will generally be invested in federal, state and municipal</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">obligations, corporate bonds, preferred stocks, real estate mortgages, real estate, certain other fixed income</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">investments, and cash or cash equivalents. All of our general assets are available to meet guarantees under GAA.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amounts allocated to GAA are held in a nonunitized separate account established by the Company under</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Connecticut law. To the extent provided for in the contract, assets of the separate account are not chargeable with</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">liabilities arising out of any other business that we conduct. See &#8220;Investments.&#8221;</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Notification of Maturity. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We will notify the contract holder or you, if applicable, at least 18 calendar days prior</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to the maturity of a guaranteed term. We will include information relating to the current deposit period&#8217;s</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed interest rates and the available guaranteed terms. You may obtain information concerning available</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">deposit periods, guaranteed interest rates, and guaranteed terms by telephone five business days prior to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">maturity date (1-800-GAA-FUND or 1-800-422-3863). See &#8220;Description of the Guaranteed Accumulation</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Account&#8212;General&#8221; and &#8220;Maturity of a Guaranteed Term.&#8221;</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 noWrap align=left><B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Description of the Guaranteed Accumulation Account</FONT></B>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">General</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GAA offers guaranteed interest rates for specific guaranteed terms. For a particular guaranteed interest rate and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term to apply to your account dollars, you must invest them during the deposit period during which</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">that rate and term are offered. Each deposit period may offer more than one guaranteed term. Guaranteed terms</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">may be classified according to length of time to maturity, and each deposit period may offer various guaranteed</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">terms within these classifications.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Any MVA applied to a withdrawal or transfer from GAA will be calculated as an &#8220;aggregate MVA,&#8221; which is the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">sum of all MVAs applicable due to the withdrawal. See the sidebar on page 12 for an example of the calculation</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the aggregate MVA. The following withdrawals will be subject to an aggregate MVA only if it is positive:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the election of a lifetime income option; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the death of the participant (if paid within the first six months following death). For</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">certain contracts issued in the state of New York, this provision also applies in the event of disability, as</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">defined in the contract.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">All other withdrawals will be subject to an aggregate MVA, regardless of whether it is positive or negative,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">including:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the election of a nonlifetime income option;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Payments due to the death of the participant, if paid more than six months following death (or disability, if</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable); and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Full or partial withdrawals during the accumulation phase (except for withdrawals at the end of a guaranteed</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term or pursuant to the maturity value transfer provision, see &#8220;Maturity of a Guaranteed Term&#8221; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#8220;Maturity Value Transfer Provision&#8221;).</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=middle><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">6</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>


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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We maintain a toll-free telephone number for those wishing to obtain information concerning available deposit</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">periods, guaranteed interest rates, and guaranteed terms. The telephone number is 1-800-GAA-FUND (1-800-422-</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3863). At least 18 calendar days before a guaranteed term matures, we will notify the contract holder or you, if</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable, of the upcoming deposit period dates and the current guaranteed interest rates, guaranteed terms and</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">projected matured guaranteed term values.</FONT>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Contributions to GAA</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract holder or you, if applicable, may invest in the guaranteed terms available in the current deposit</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period by allocating new purchase payments to GAA or by transferring a sum from other funding options</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">available under the contract or from other guaranteed terms.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Though we may require a minimum payment(s) to a contract, we do not require a minimum investment for a</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term. Refer to the contract prospectus. We reserve the right to establish a minimum amount for</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfers from other funding options.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Investments may not be transferred from a guaranteed term during the deposit period in which the investment is</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applied nor during the first 90 days after the close of the deposit period. This restriction does not apply to amounts</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transferred or withdrawn under the maturity value transfer provision. See &#147;Maturity Value Transfer Provision.&#148;</FONT>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Deposit Period</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The deposit period is the period of time during which the contract holder or you, if applicable, may direct</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">investments to a particular guaranteed term(s) and receive a stipulated guaranteed interest rate(s). Each deposit</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period may be a month, a calendar quarter, or any other period of time we specify.</FONT>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Guaranteed Terms</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A guaranteed term is the time we specify during which we credit the guaranteed interest rate. Generally, we will</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">offer at least one guaranteed term of three years or less and one guaranteed term of more than three years in any</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">deposit period. However, under certain contracts we reserve the right to limit the guaranteed terms or guaranteed</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term classifications offered, as well as the right to discontinue offering GAA. We offer guaranteed terms at our</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">discretion for various periods ranging from one to ten years.</FONT>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Guaranteed Term Classifications</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Some contracts distinguish between long-term and short-term guaranteed term classifications. The following are</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed term classifications:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Short-term&#151;All guaranteed terms of three years or less; and</FONT>&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Long-term&#151;All guaranteed terms of between three and ten years.</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">During each deposit period, we may offer more than one guaranteed term within each guaranteed term</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">classification. The contract holder or you, if applicable, may allocate investments to guaranteed terms within one</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">or both guaranteed term classifications during a deposit period.</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">7</FONT>&nbsp;</TD>
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<!--$$/page=--><A name="page_11"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="10%"></TD>   <TD width="34%"></TD>   <TD width="54%"></TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Guaranteed Interest Rates</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Guaranteed interest rates are the rates that we guarantee will be credited on amounts applied during a deposit</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period for a specific guaranteed term. Guaranteed interest rates are annual effective yields, reflecting a full year&#8217;s</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest. We credit interest at a rate that will provide the guaranteed annual effective yield over one year.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Guaranteed interest rates are credited according to the length of the guaranteed term as follows:</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Guaranteed Terms of One Year or Less: </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The guaranteed interest rate is credited from the date of deposit to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">last day of the guaranteed term.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Guaranteed Terms of Greater than One Year: </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Except for certain contracts issued in the state of New York,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">several different guaranteed interest rates may be applicable during a guaranteed term of more than one year. The</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">initial guaranteed interest rate is credited from the date of deposit to the end of a specified period within the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term. We may credit several different guaranteed interest rates for subsequent specific periods of time</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">within the guaranteed term. For example, for a five-year guaranteed term we may guarantee 5% for the first year,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4.75% for the next two years, and 4.5% for the remaining two years.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We will not guarantee or credit a guaranteed interest rate below the minimum rate specified in the contract for the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GAA, if any. Additionally, we will not credit interest at a rate above the guaranteed interest rate we announce</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prior to the start of a deposit period. Not all contracts provide for minimum interest rates for the GAA.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our guaranteed interest rates are influenced by, but do not necessarily correspond to, interest rates available on</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">fixed income investments we may buy using deposits directed to GAA. See &#8220;Investments.&#8221; We consider other</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">factors when determining guaranteed interest rates including regulatory and tax requirements, sales commissions</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and administrative expenses borne by the Company, general economic trends, competitive factors, and whether an</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest rate lock is being offered for that guaranteed term under certain contracts. </FONT><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">We make the final</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">determination regarding guaranteed interest rates. We cannot predict the level of future guaranteed</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">interest rates.</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Interest Rate Lock</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Certain contracts may provide a 45 day interest rate lock in connection with external transfers into GAA, which</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">you must elect at the time you initiate the external transfer. Under this rate lock provision, if applicable, we will</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">deposit external transfers to the deposit period offering the greater of (a) and (b) where:</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="TEXT-INDENT: 10px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a)</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Is the guaranteed interest rate for the deposit period in effect at the time we receive the rate lock</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">election; and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="TEXT-INDENT: 10px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b)</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Is the guaranteed interest rate for the deposit period in effect at the time we receive an external</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfer from your prior provider.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If applicable, this rate lock will be available to all external transfers received for 45 days from the date we receive</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a rate lock election. In the event we receive an external transfer after this 45 day time period, it will be deposited</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to the deposit period in effect at the time we receive the external transfer, and will earn the guaranteed interest rate</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">for that guaranteed term. Only one rate lock may be in effect at one time per contract &#8211; once a rate lock has been</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">elected, that rate lock will apply to all external transfers received during that 45 day period, and you may not elect</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to begin a new rate lock period during that 45 day period.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amounts subject to the rate lock will not be deposited until the external transfer has been received, and will not be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">credited interest until deposited. This could result in the deposit being credited interest for a shorter term than if a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">rate lock had not been elected. The cost of providing a rate lock may be a factor we consider when determining</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed interest rate for a deposit period, which impacts the guaranteed interest rate for all investors in that</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">8</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_12"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="44%"></TD>   <TD width="29%"></TD>   <TD width="23%"></TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Maturity of a Guaranteed Term</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">At least 18 calendar days prior to the maturity of a guaranteed term, we will</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">notify the contract holder or you, if applicable, of the upcoming deposit</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period, the projected value of the amount maturing at the end of the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term, and the guaranteed interest rate(s) and guaranteed term(s)</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">available for the current deposit period.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">When a guaranteed term matures, the amounts in any maturing guaranteed</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term may be:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transferred to one or more new guaranteed terms available under the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">current deposit period;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Transferred to other available investment options; or</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawn from the contract.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We do not apply an MVA to amounts transferred or surrendered from a</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term on the date the guaranteed term matures. Amounts</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn, however, may be subject to an early withdrawal charge, a</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">maintenance fee, taxation, and tax penalties. If we have not received direction</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from the contract holder or you, if applicable, by the maturity date of a</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term, we will automatically transfer the matured value to one of</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the following:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts distinguishing between short- and long-term classifications,</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">we will generally transfer the amount maturing to the available deposit</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period for the guaranteed term having the shortest maturity within the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">same classification, though it may be different than the maturing term; or</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts that do not distinguish between short- and long-term</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">classifications, we will generally transfer the maturing amount as</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">follows:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="MT-Extra,Times New Roman,Times,serif">&gt; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To a guaranteed term of the same duration, if available;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="MT-Extra,Times New Roman,Times,serif">&gt; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To a guaranteed term with the next shortest duration, if available; or</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="MT-Extra,Times New Roman,Times,serif">&gt; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To a guaranteed term with the next longest duration.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract holder or you, if applicable, will receive a confirmation</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">statement, plus information on the new guaranteed interest rate(s) and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed terms.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Maturity Value Transfer Provision</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e0e0e0 noWrap align=left><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Business Day&#8212;</FONT></I></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">any</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">day on which the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If we automatically reinvest the proceeds from a matured guaranteed term,</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">New York Stock</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the contract holder or you, if applicable, may transfer or withdraw from</FONT>&nbsp;</TD>   <TD bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exchange is open.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GAA the amount that was reinvested without an MVA. An early withdrawal</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">charge and maintenance fee may apply to withdrawals. If the full amount</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reinvested is transferred or withdrawn, we will include interest credited to</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the date of the transfer or withdrawal. This provision is only available until</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the last business day of the month following the maturity date of the prior</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term. This provision only applies to the first transfer or</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal request received from the contract holder or you, if applicable,</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">with respect to a particular matured guaranteed term value, regardless of the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount involved in the transaction.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR>   <TD colSpan=4>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">9</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>


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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=48%></TD>
     <TD width=51%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Transfers</FONT></B>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We allow the contract holder or you, if applicable, to transfer all or a portion of your account value to GAA or to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">other investment options under the contract. We do not allow transfers from any guaranteed term to any other</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term or investment option during the deposit period for that guaranteed term or for 90 days following</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the close of that deposit period, except for amounts transferred under the maturity value transfer provision.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We do not apply an MVA to the value transferred upon maturity of a guaranteed term nor for values transferred</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">under the maturity value transfer provision. We do not count either of these types of transfers as one of the 12 free</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfers allowed per calendar year by those contracts allowing only 12 free transfers. Transfers to other</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">investment options through the contract may be subject to limits on frequent or disruptive transfers or limits</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">imposed by the underlying funds. See the &#147;Transfers&#148; and &#147;Investment Options&#148; sections of your contract</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prospectus.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">When the contract holder or you, if applicable, requests the transfer of a specific dollar amount, we account for</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">any applicable MVA in determining the amount to be withdrawn from a guaranteed term(s) to fulfill the request.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Therefore, the amount we actually withdraw from the guaranteed term(s) may be more or less than the requested</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">dollar amount. See &#147;Appendix I&#148; for an example. For more information on transfers, see the contract prospectus.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Transfers From GAA</FONT></I></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts that do not distinguish between short- and long-term classifications, the contract holder or you, if</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable, may choose the guaranteed term from which funds will first be withdrawn. If there is more than one</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term of the same duration, we will withdraw funds starting from the oldest guaranteed term that has</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">not reached maturity.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If we do not receive direction, we will withdraw funds pro rata from each guaranteed term in which you are</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">invested. If there is more than one guaranteed term of the same duration, we will withdraw funds starting from the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">oldest guaranteed term that has not reached maturity.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts that distinguish between short- and long-term classifications, the contract holder or you, if</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable, may choose the guaranteed term classification from which funds will be first withdrawn. We will</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdraw funds starting from the oldest guaranteed term that has not reached maturity within the classification</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">chosen.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If we do not receive direction, we will withdraw funds pro rata from the guaranteed term classifications, starting</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">with the oldest guaranteed term that has not reached maturity, and any other investment options.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We will apply an MVA to transfers made before the end of a guaranteed term. See &#147;Market Value Adjustment.&#148;</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Transfers Between Guaranteed Term Classifications</FONT></I></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(For contracts that distinguish between short-term and long-term classifications only)</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract holder or you, if applicable, may transfer amounts from short-term guaranteed terms to available</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">long-term guaranteed terms of the current deposit period, or from long-term guaranteed terms to available short-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term guaranteed terms of the current deposit period.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For example, funds may be transferred from a three-year guaranteed term (any time after 90 days from the close</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the deposit period applicable to that three-year guaranteed term) to the open deposit period of a seven-year</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">10</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

<HR noshade align="center" width="100%" size=2>



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<A name="page_14"></A><BR>

<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=42%></TD>
     <TD width=57%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Funds will be first transferred from the oldest deposit period for which the guaranteed term has not reached</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">maturity and we will assess an MVA on the transferred amount. These transfers are counted toward the 12 free</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfers allowed per calendar year by those contracts allowing only 12 free transfers.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We do not permit the transfer of value from one guaranteed term prior to its maturity to another guaranteed term</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">within the same classification. For example, we do not permit transfers from one-year to three-year, one-year to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">one-year, five-year to seven-year, or ten-year to seven-year guaranteed terms.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Withdrawals</FONT></B>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract allows for full or partial withdrawals from GAA at any time during the accumulation phase. To make</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a full or partial withdrawal, a request form (available from us) must be properly completed and submitted to our</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Home Office (or other designated office as provided in the contract).</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Partial withdrawals are made pro rata from funding options unless the contract holder or you, if applicable,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">request otherwise. For contracts that do not distinguish between short- and long-term classifications, each</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term is considered a separate funding option for the purpose of a partial withdrawal.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract holder or you, if applicable, may choose the guaranteed term from which funds will be withdrawn. If</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">there is more than one guaranteed term of the same duration, we will withdraw funds starting from the oldest</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term that has not reached maturity. If no guaranteed term is elected, we will withdraw funds pro rata</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from each guaranteed term in which you are invested.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts distinguishing between short- and long-term classifications, each guaranteed term classification is</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">considered a separate funding option for the purpose of a partial withdrawal. The contract holder or you, if</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable, may elect to take a partial withdrawal from either guaranteed term classification. We will first</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdraw funds from the oldest guaranteed term that has not reached maturity within the chosen classification. If</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">no guaranteed term classification is elected, we will withdraw funds pro rata from each classification (starting</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">with the oldest guaranteed term that has not reached maturity) and other funding options.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We may apply an MVA to withdrawals made prior to the end of a guaranteed term, except for withdrawals made</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">under the maturity value transfer provision. See &#147;Market Value Adjustment.&#148; We may deduct an early withdrawal</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">charge and a maintenance fee depending upon the terms of the contract. The early withdrawal charge is a deferred</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">sales charge that may be deducted upon withdrawal to reimburse us for some of the sales and administrative</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">expenses associated with the contract. A maintenance fee up to &#36;50 may be deducted pro rata from each of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">funding options, including GAA. Refer to the contract prospectus for a description of these fees. When a request</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">for a partial withdrawal of a specific dollar amount is made, we will include the MVA in determining the amount</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to be withdrawn from the guaranteed term(s) to fulfill the request. Therefore, the amount we actually take from</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed term(s) may be more or less than the dollar amount requested. See &#147;Appendix I&#148; for an example.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Deferral of Payments</FONT></I></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under certain emergency conditions, we may defer payment of a GAA withdrawal for up to six months. Refer to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the contract prospectus for more details.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Reinvestment Privilege</FONT></I></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If allowed by the contract, the contract holder or you, if applicable, may elect to reinvest all or a portion of a full</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal during the 30 days following such a withdrawal. We must receive amounts for reinvestment within 60</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">days of the withdrawal.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We will apply reinvested amounts to the current deposit period. This means that the guaranteed annual interest</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">rate and guaranteed terms available on the date of reinvestment will apply. Amounts are reinvested in the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term classifications, where applicable, in the same proportion as prior to the full withdrawal. Any</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">negative MVA we applied to a withdrawal will not be refunded, and any taxes that were withheld may also not be</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">refunded. Refer to the contract prospectus for further details.</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">11</FONT>&nbsp;</TD>
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<!--$$/page=--><A name="page_15"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="29%"></TD>   <TD width="6%"></TD>   <TD width="64%"></TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 3px double" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 noWrap align=left><B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Market Value Adjustment (MVA)</FONT></B>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Aggregate MVA </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the total of</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We apply an MVA to amounts transferred or withdrawn from GAA prior to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">all MVAs applied due to a</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the end of a guaranteed term. To accommodate early withdrawals or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfer or withdrawal.</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfers, we may need to liquidate certain assets or use cash that could</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">otherwise be invested at current interest rates. When we sell assets</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Calculation of the Aggregate</FONT></B>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prematurely we could realize a profit or loss depending upon market</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MVA&#8212;</FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In order to satisfy a</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">conditions.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">transfer or withdrawal,</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amounts may be withdrawn</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The MVA reflects changes in interest rates since the deposit period. When</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from more than one guaranteed</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest rates increase after the deposit period, the value of the investment</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term, with more than one</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">decreases and the market value adjustment amount may be negative.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed interest rate. In</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Conversely, when interest rates decrease after the deposit period, the value of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">order to determine the MVA</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the investment increases and the market value adjustment amount may be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable to such a transfer or</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">positive. Therefore, the application of an MVA may increase or decrease the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal, the MVAs</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount withdrawn from a guaranteed term to satisfy a withdrawal or transfer</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable to </FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">each guaranteed</FONT></I>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">request.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">term </FONT></I><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">will be added</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">together, in order to determine</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">An MVA applied to a withdrawal or transfer from GAA will be calculated as</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the &#8220;aggregate MVA.&#8221;</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">an &#8220;aggregate MVA,&#8221; which is the sum of all MVAs applicable due to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e0e0e0 noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal. See the sidebar on this page for an example of the calculation of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Example: </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$1,000 withdrawal,</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the aggregate MVA. The following withdrawals will be subject to an</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">two guaranteed terms.</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">aggregate MVA only if it is positive:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e0e0e0 noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the election of a lifetime income option; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA1 = $10, MVA2 = - $30</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the death of the participant (if paid within the first</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$10 + - $30 = - $20.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">six months following death). For certain contracts issued in the state of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Aggregate MVA = - $20.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">New York, this provision also applies in the event of disability, as</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">defined in the contract.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Example: </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$1,000 withdrawal,</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">two guaranteed terms.</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">All other withdrawals will be subject to an aggregate MVA, regardless of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 3px double" bgColor=#e0e0e0 noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">whether it is positive or negative, including:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA1 = $30, MVA2 = - $10</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Withdrawals due to the election of a nonlifetime income option;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$30 + - $10 = $20.</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Payments due to the death of the participant, if paid more than six</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD bgColor=#e0e0e0 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Aggregate MVA = $20.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">months following death (or disability, if applicable under your contract);</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Full or partial withdrawals during the accumulation phase (except for</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawals at the end of a guaranteed term or pursuant to the maturity</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">value transfer provision). See &#8220;Maturity of a Guaranteed Term&#8221; and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#8220;Maturity Value Transfer Provision.&#8221;</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Should two or more consecutive guaranteed terms have the same guaranteed</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest rate and mature on the same date, we will calculate an MVA</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable to each. We will apply the MVA that is more favorable to you to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">any withdrawal or transfer from either guaranteed term prior to their</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">maturity.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under some contracts, election of a systematic distribution option, as</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">described in the contract prospectus, will not result in an MVA being applied</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to amounts withdrawn from GAA.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under certain contracts that guarantee a death benefit equal to the greater of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the &#8220;adjusted purchase total&#8221; or the current account value (excluding loans),</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the calculation of the current account value will include the aggregate MVA</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">only if it is positive, regardless of whether the death benefit is paid within</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">six months following death. See the &#8220;Death Benefit&#8221; section of the contract</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prospectus. Under some of these contracts, an election to defer payment of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the death benefit will result in the application of the aggregate MVA,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">whether positive or negative, when the beneficiary elects to begin</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">distribution of the death benefit.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">12</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>


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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Calculation of the MVA</FONT></B>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">There are two methods for calculating the MVA, and the method that applies to you will be set forth in your contact.</FONT>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">You should check your contract to see which method of calculating the MVA applies to you.</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Method One. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts that use Method One to calculate the MVA, the amount of the MVA depends on the</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">relationship between:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The average corporate bond yield (US Treasury Rate plus spread over Treasury) of the month of deposit for the</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corresponding guaranteed term; and</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The current corporate bond yield (US Treasury Rate plus spread over Treasury) at the time of withdrawal for a</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period equal to the remainder of the guaranteed term.</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If the current corporate bond yield at the time of withdrawal is less than the average corporate bond yield of the</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">month of deposit, the MVA will decrease the amount withdrawn from a guaranteed term to satisfy a transfer or</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal request (the MVA will be positive). If the current corporate bond yield at the time of withdrawal is</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">greater than the average corporate bond yield of the month of deposit, the MVA will increase the amount withdrawn</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from a guaranteed term (the MVA will be negative).</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Method Two</FONT></B><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">. </FONT></I><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For contracts that do not use Method One to calculate the MVA, the amount of the MVA depends on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the relationship between:</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The deposit period yield of U.S. Treasury Notes that will mature in the last quarter of the guaranteed term; and</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The current yield of such U.S. Treasury Notes at the time of withdrawal.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If the current yield is less than the deposit period yield, the MVA will decrease the amount withdrawn from a</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term to satisfy a transfer or withdrawal request (the MVA will be positive). If the current yield is greater</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">than the deposit period yield, the MVA will increase the amount withdrawn from a guaranteed term (the MVA will</FONT>&nbsp;</TD>
</TR>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">be negative).</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2 style="TEXT-INDENT:7.000000px">
<B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Deposit Period Yield</FONT></I></B><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We determine the deposit period yield used in the MVA calculation by considering</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">interest rates prevailing during the deposit period of the guaranteed term from which the transfer or withdrawal</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">will be made. First, we identify the Treasury Notes that mature in the last three months of the guaranteed term.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Then, we determine their yield-to-maturity percentages for the last business day of each week in the deposit</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period. We then average the resulting percentages to determine the deposit period yield. Treasury Note</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">information may be found each business day in publications such as the Wall Street Journal which publishes the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">yield-to-maturity percentages for all Treasury Notes as of the preceding business day.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2 style="TEXT-INDENT:7.000000px">
<B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Current Yield. </FONT></I></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We use the same Treasury Notes identified for the deposit period yield to determine the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">current yield&#151;Treasury Notes that mature in the last three months of the guaranteed term. However, we use the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">yield-to-maturity percentages for the last business day of the week preceding the withdrawal and average those</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">percentages to get the current yield.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">13</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

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<!--$$/page=--><A name="page_17"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="45%"></TD>   <TD width="54%"></TD></TR><TR vAlign=bottom>   <TD noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MVA Formulas</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Method One. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The mathematical formula used to determine the MVA using Method One is:</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 46px" noWrap align=right><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=right><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUB><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT></SUB><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">b </FONT></I><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">a </FONT></I><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">j</FONT></I><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">) </FONT><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">i</FONT></SUP></I><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">) </FONT></SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">} </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Where:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">a </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the average of the US Treasury Rate in effect on the first four Fridays of the month of deposit for the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corresponding guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">b </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the US Treasury Rate in effect on the withdrawal date (based on the previous Friday) for a period equal to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">remainder of the guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">i </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the average of the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">similar service will be utilized) in effect on the first four Fridays of the month of deposit for the corresponding</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">j </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a similar service</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">will be utilized) in effect on the withdrawal date (based on the previous Friday) for a period equal to the remainder</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the guaranteed term; and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">x </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Method Two. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The mathematical formula used to determine the MVA using Method Two is:</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 41px" noWrap align=right><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="TEXT-INDENT: 22px" noWrap align=right><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUB><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT></SUB><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">j</FONT></I><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">) </FONT><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">i</FONT></SUP></I><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">) </FONT></SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">where </FONT><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">i </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the deposit period yield; </FONT><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">j </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the current yield; and </FONT><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">x </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the number of days remaining (computed from</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Wednesday of the week of withdrawal) in the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For examples of how we calculate MVA, refer to Appendix I.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We make an adjustment in the formula of the MVA to reflect the period of time remaining in the guaranteed term</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from the Wednesday of the week of a withdrawal.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR>   <TD colSpan=2>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=middle><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">14</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>


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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=45%></TD>
     <TD width=54%></TD></TR>
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	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Contract Charges</FONT></B>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Certain charges may be deducted directly or indirectly from the funding options available under the contract,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">including GAA.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract may have a maintenance fee of up to &#36;50 that we will deduct, on an annual basis, pro rata from all</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">funding options including GAA. We may also deduct a maintenance fee upon full withdrawal of a contract.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract may have an early withdrawal charge that we will deduct, if applicable, upon a full or partial</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal from the contract. If the withdrawal occurs prior to the maturity of a guaranteed term, both the early</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal charge and an MVA may be assessed.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We do not deduct mortality and expense risk charges and other asset-based charges that may apply to variable</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">funding options from GAA. These charges are only applicable to the variable funding options.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We may deduct a charge for premium taxes of up to 4% from amounts in GAA, and, under some contracts, front</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">end sales charges of up to 6%.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under certain contracts, we reserve the right to charge &#36;10 for each transfer of accumulated value between</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">available investment options over 12.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Refer to the contract prospectus for further details on contract charges.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
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	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Other Topics</FONT></B>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
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	<TD align=left nowrap>
<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Anti-Money Laundering</FONT></I></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In order to protect against the possible misuse of our products in money laundering or terrorist financing, we have</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">adopted an anti-money laundering program satisfying the requirements of the USA PATRIOT Act and other current</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">anti-money laundering laws. Among other things, this program requires us, our agents and customers to comply with</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">certain procedures and standards that will allow us to verify the identity of the sponsoring organization and that</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contributions and loan repayments are not derived from improper sources.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under our anti-money laundering program, we may require customers, and/or beneficiaries to provide sufficient</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">evidence of identification, and we reserve the right to verify any information provided to us by accessing</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">information databases maintained internally or by outside firms.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We may also refuse to accept certain forms of payments or loan repayments (traveler&#146;s cheques, cashier's checks,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">bank drafts, bank checks and treasurer's checks, for example) or restrict the amount of certain forms of payments or</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">loan repayments (money orders totaling more than &#36;5,000.00, for example). In addition, we may require information</FONT>&nbsp;</TD>
</TR>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">as to why a particular form of payment was used (third party checks, for example) and the source of the funds of</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">such payment in order to determine whether or not we will accept it. Use of an unacceptable form of payment may</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">result in us returning the payment to you.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Applicable laws designed to prevent terrorist financing and money laundering might, in certain</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">circumstances, require us to block certain transactions until authorization is received from the appropriate</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">regulator. We may also be required to provide additional information about you and your policy to</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">government regulators.</FONT></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our anti-money laundering program is subject to change without notice to take account of changes in applicable</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">laws or regulations and our ongoing assessment of our exposure to illegal activity.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">15</FONT>&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">The Company</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company (the Company, we, us, our) is a direct, wholly owned subsidiary of</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Lion Connecticut Holdings Inc.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We are a stock life insurance company organized under the insurance laws of the State of Connecticut in 1976 and</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">an indirect wholly owned subsidiary of ING Groep N.V. ("ING"), a global financial institution active in the fields</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of insurance, banking and asset management. Through a merger, our operations include the business of Aetna</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Life Insurance Company (formerly known as Participating Annuity Life Insurance Company, an</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Arkansas life insurance company organized in 1954). Prior to January 1, 2002, the Company was known as Aetna</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Life Insurance and Annuity Company.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our principal executive offices are located at:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">One Orange Way</FONT></TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Windsor, Connecticut 06095-4774</FONT></TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Income Phase</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GAA may not be used as a funding option during the income phase. Amounts invested in guaranteed terms must</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">be transferred to one or more of the options available to fund income payments before income payments can</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">begin.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">An aggregate MVA, as previously described, may be applied to amounts transferred to fund income payments</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">before the end of a guaranteed term. Amounts used to fund lifetime income payments will only receive an</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">aggregate MVA to the extent it is positive; however amounts transferred to fund a nonlifetime income payment</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">option may be subject to either a positive or negative aggregate MVA.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Refer to the contract prospectus for a further discussion of the income phase.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Contract Loans</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(403(b) and some 457 and 401(a) Plans Only)</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The contract holder or you, if applicable, may not take a loan from amounts held in GAA, but we include amounts</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">invested in GAA when calculating the account value that determines the amount available for a loan. Amounts</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">held in GAA must be transferred to a funding option available for loans in order to be received as a loan. Refer to</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the contract prospectus for more information on contract loans. We will apply an MVA to amounts transferred</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from guaranteed terms due to a loan request.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Investments</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amounts applied to GAA will be deposited in a nonunitized separate account established under Connecticut law.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A nonunitized separate account is a separate account in which neither the contract holder nor you participate in the</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">performance of the assets through unit values or any other interest. Contract holders and participants allocating</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">funds to the nonunitized separate account do not receive a unit value of ownership of assets accounted for in this</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">separate account. The risk of investment gain or loss is borne entirely by the Company. All Company obligations</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">due to allocations to the nonunitized separate account are contractual guarantees of the Company and are</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">accounted for in the separate account. All of the general assets of the Company are available to meet our</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contractual guarantees. To the extent provided for in the applicable contract, the assets of the nonunitized separate</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">account are not chargeable with liabilities resulting from any other business of the Company. Income, gains and</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">losses of the separate account are credited to or charged against the separate account without regard to other</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">income, gains or losses of the Company.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">16</FONT>&nbsp;</TD>
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<!--$$/page=--><A name="page_20"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="42%"></TD>   <TD width="54%"></TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Types of Investments. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We intend to invest primarily in investment-grade fixed income securities including:</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Securities issued by the United States Government;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Issues of U.S. Government agencies or instrumentalities (these issues may or may not be guaranteed by the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">United States Government);</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">by Moody&#8217;s Investors Services, Inc. (Aaa, Aa, A or Baa), Standard &amp; Poor&#8217;s Corporation (AAA, AA, A or</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BBB) or any other nationally recognized rating service;</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Other debt instruments, including those issued or guaranteed by banks or bank holding companies, and of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corporations, which although not rated by Moody&#8217;s, Standard &amp; Poor&#8217;s, or other nationally recognized rating</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">services, are deemed by the Company&#8217;s management to have an investment quality comparable to securities</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">that may be purchased as stated above; or</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commercial paper, cash or cash equivalents, and other short-term investments having a maturity of less than</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">one year that are considered by the Company&#8217;s management to have investment quality comparable to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">securities, which may be purchased as stated above.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We may invest in futures and options. We purchase financial futures, related options and options on securities</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">solely for non-speculative hedging purposes. Should securities prices be expected to decline, we may sell a futures</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contract or purchase a put option on futures or securities to protect the value of securities held in or to be sold for</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the nonunitized separate account. Similarly, if securities prices are expected to rise, we may purchase a futures</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">contract or a call option against anticipated positive cash flow or may purchase options on securities.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">We are not obligated to invest the assets attributable to the contracts according to any particular strategy,</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">except as required by Connecticut and other state insurance laws. The guaranteed interest rates established</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">by the Company may not necessarily relate to the performance of the nonunitized separate account.</FONT></B>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Distribution of Contracts</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company&#8217;s subsidiary, ING Financial Advisers, LLC serves as the principal underwriter for the variable</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">annuity contracts that include GAA as an investment option. ING Financial Advisers, LLC, a Delaware limited</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">liability company, is registered as a broker-dealer with the Securities and Exchange Commission. ING Financial</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Advisers, LLC is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Investor Protection Corporation. ING Financial Advisers, LLC&#8217;s principal office is located at One Orange Way,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Windsor, Connecticut 06095-4774.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">As principal underwriter, ING Financial Advisers, LLC may enter into arrangements with one or more registered</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">broker-dealers to offer and sell the contracts. We and our affiliate(s) may also sell the contracts directly. All</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">individuals offering and selling the contracts must be registered representatives of a broker-dealer and must be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">licensed as insurance agents to sell variable annuity contracts. For additional information, see the contract</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prospectus.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Taxation</FONT></I></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You should seek advice from your tax adviser as to the application of federal (and where applicable, state and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">local) tax laws to amounts paid to or distributed under the contracts. Refer to the applicable contract prospectus</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">for a further discussion of tax considerations.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Taxation of the Company. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We are taxed as a life insurance company under Part I of Subchapter L of the Internal</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Revenue Code. The Company owns all assets supporting the contract obligations of GAA. Any income earned on</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">such assets is considered income to the Company. We do not intend to make any provision or impose a charge</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">under the contracts with respect to any tax liability of the Company.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Taxation of Payments and Distributions. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For information concerning the tax treatment of payments to and</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">distributions from the contracts, please refer to the applicable contract prospectus.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR>   <TD colSpan=3>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">17</FONT>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>


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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Experts</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The consolidated financial statements of the Company appearing in the Company&#146;s Annual Report on Form 10-K</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">for the year ended December 31, 2010 (including schedules appearing therein), have been audited by Ernst &amp; Young</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">LLP, independent registered public accounting firm, as stated in their reports, which are incorporated by reference,</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and incorporated in reliance upon the reports of such firm given upon their authority as experts in accounting and</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">auditing.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Legal Matters</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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<TR>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For information regarding legal matters affecting the Company or the distributor of the variable annuity contracts,</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">please refer to the applicable contract prospectus.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Further Information</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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<TR>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">This prospectus does not contain all of the information contained in the registration statement of which this</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">prospectus is a part. Portions of the registration statement have been omitted from this prospectus as allowed by the</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Securities and Exchange Commission (SEC). You may obtain the omitted information from the offices of the SEC,</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">as described below.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">We are required by the Securities Exchange Act of 1934 to file periodic reports and other information with the SEC.</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You may inspect or copy information concerning the Company at the Public Reference Branch of the SEC at:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">SEC Public Reference Branch</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100 F Street, NE, Room 1580</FONT></TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You may also obtain copies of these materials at prescribed rates from the Public Reference Branch of the above</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">office. You may obtain information on the operation of the Public Reference Branch by calling the SEC at either 1-</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">800-SEC-0330 or 1-202-551-8090 or by e-mailing publicinfo@sec.gov. You may also find more information about</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the Company by visiting the Company&#146;s homepage on the internet at www.ingretirementplans.com.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Our filings are available to the public on the SEC&#146;s website at www.sec.gov. We also make our filings available on</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">our website at www.ing-usa.com/us/aboutING/inginsuraneusfinancialreports. (These uniform resource locators</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(URLs) are inactive textual references only and are not intended to incorporate the SEC website or our website into</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">this prospectus.) When looking for more information about the contract, you may find it useful to use the number</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">assigned to the registration statement under the Securities Act of 1933. This number is 333-158492.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You can also find this prospectus and other information the Company files electronically with the SEC on the SEC&#146;s</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">web site at http://www.sec.gov.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Incorporation of Certain Documents by Reference</FONT></I></B>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The SEC allows us to &#147;incorporate by reference&#148; information that we file with the SEC into this prospectus, which</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">means that incorporated documents are considered part of this prospectus. We can disclose important information</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to you by referring you to those documents. This prospectus incorporates by reference the Annual Report on</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form 10-K for the year ended December 31, 2010. Form 10-K contains additional information about the Company</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and includes certified financial statements as of December 31, 2010 and 2009, and for each of the three years in the</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">period ended December 31, 2010. We were not required to file any other reports pursuant to Sections 13(a) or 15(d)</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the Securities and Exchange Act since December 31, 2010.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">18</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You may request a free copy of any documents incorporated by reference in this prospectus (including any exhibits</FONT>&nbsp;</TD>
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	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">that are specifically incorporated by reference in them). Please direct your request to:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Customer Service Center</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">One Orange Way</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Windsor, CT 06095-4774</FONT></TD>
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	<TD align=center colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1-800-262-3862</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<B><I><FONT size=3 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">Inquiries</FONT></I></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You may contact us directly by writing or calling to us at the address or phone number shown above.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">19</FONT>&nbsp;</TD>
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<!--$$/page=--><A name="page_23"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="3%"></TD>   <TD width="5%"></TD>   <TD width="13%"></TD>   <TD width="27%"></TD>   <TD width="4%"></TD>   <TD width="7%"></TD>   <TD width="34%"></TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=middle><B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Appendix I</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=5 noWrap align=right><B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Examples of Market Value Adjustment Calculations</FONT></B>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">The following are examples of market value adjustment ("MVA") calculations using several hypothetical</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">yields, applicable to contracts that use Method One to calculate the MVA. </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">These examples do not include the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">effect of any early withdrawal charge or other fees that may be assessed under the contract upon withdrawal.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXAMPLE I</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">a </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the average of the US Treasury Rate in effect on the first four Fridays of the month of deposit for the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corresponding guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">b </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the US Treasury Rate in effect on the withdrawal date (based on the previous Friday) for a period equal to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">remainder of the guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">i </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the average of the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">similar service will be utilized) in effect on the first four Fridays of the month of deposit for the corresponding</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">j </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a similar service</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">will be utilized) in effect on the withdrawal date (based on the previous Friday) for a period equal to the remainder</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the guaranteed term; and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">x </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 3%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 4%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 5%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 5%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUB><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT></SUB><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">b </FONT></I></B><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">a </FONT></I></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></I></B><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></I><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">} </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD>   <TD colSpan=2 noWrap align=middle><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA =</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUB><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT></SUB><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">b </FONT></I></B><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">a </FONT></I></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></I></B><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></I><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">} </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=5 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT size=5 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927</FONT><FONT size=5>&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.04</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></SUP></I>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">} </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.05</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">} </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 7px" noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.06</FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA =</FONT>&nbsp;</TD>   <TD noWrap align=middle><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.06</FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= .9528</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= .9762</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the average corporate bond yield of the</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the average corporate bond yield</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">month of deposit (a + i) of 4% is less than the current</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the month of deposit (a + i) of 5% is less than</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corporate bond yield at the time of withdrawal (b + j) of</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the current corporate bond yield at the time of</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">6%; therefore, the MVA is less than one. The amount</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal (b + j) of 6%; therefore, the MVA is</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn from the guaranteed term is multiplied by</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">less than one. The amount withdrawn from the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">this MVA.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term is multiplied by this MVA.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific dollar</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount is requested, the amount withdrawn from a</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">dollar amount is requested, the amount</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term will be increased to compensate for the</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from a guaranteed term will be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">negative MVA amount. For example, a withdrawal</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">increased to compensate for the negative MVA</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">request to receive a check for $2,000 would result in a</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount. For example, a withdrawal request to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$2,099.08 withdrawal from the guaranteed term.</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">receive a check for $2,000 would result in a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$2,048.76 withdrawal from the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=middle><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">20</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_24"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="2%"></TD>   <TD width="3%"></TD>   <TD width="6%"></TD>   <TD width="13%"></TD>   <TD width="26%"></TD>   <TD width="4%"></TD>   <TD width="8%"></TD>   <TD width="7%"></TD>   <TD width="8%"></TD>   <TD width="18%"></TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXAMPLE II</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">a </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the average of the US Treasury Rate in effect on the first four Fridays of the month of deposit for the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corresponding guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">b </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the US Treasury Rate in effect on the withdrawal date (based on the previous Friday) for a period equal to the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">remainder of the guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">i </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the average of the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">similar service will be utilized) in effect on the first four Fridays of the month of deposit for the corresponding</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term;</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">j </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a similar service</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">will be utilized) in effect on the withdrawal date (based on the previous Friday) for a period equal to the remainder</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the guaranteed term; and</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=10 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">x </FONT></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 5%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 4%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 3%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 3%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT size=1 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-SIZE: 14pt">&nbsp; x</FONT></FONT><FONT size=4>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUB><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT></SUB><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">b </FONT></I></B><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">a </FONT></I></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></I></B><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></I><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA =</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=right><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">b </FONT></I></B><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">a </FONT></I></B><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><FONT size=2 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></I></B><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></I><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.06</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></SUP></I>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{</FONT>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.05</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></SUP></I>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT></SUP>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.04</FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA =</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.04</FONT><I><FONT size=2 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1.0496</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1.0246</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the average corporate bond yield of the</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the average corporate bond yield</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">month of deposit (a + i) of 6% is greater than the current</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the month of deposit (a + i) of 5% is greater</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corporate bond yield at the time of withdrawal (b + j) of</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">than the current corporate bond yield at the time</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4%; therefore, the MVA is greater than one. The amount</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of withdrawal (b + j) of 4%; therefore, the MVA</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn from the guaranteed term is multiplied by</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is greater than one. The amount withdrawn from</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">this MVA.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed term is multiplied by this MVA.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific dollar</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount is requested, the amount withdrawn from a</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">dollar amount is requested, the amount</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term will be decreased to reflect the positive</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn from a</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term will be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA amount. For example, a withdrawal request to</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">decreased to reflect the positive MVA amount.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">receive a check for $2,000 would result in a $1,905.49</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For example, a withdrawal request to receive a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal from the guaranteed term.</FONT>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">check for $2,000 would result in a $1,951.98</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal from the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR>   <TD colSpan=10>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=middle><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">21</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_25"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="3%"></TD>   <TD width="3%"></TD>   <TD width="5%"></TD>   <TD width="40%"></TD>   <TD width="5%"></TD>   <TD width="3%"></TD>   <TD width="5%"></TD>   <TD width="32%"></TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">The following are examples of market value adjustment ("MVA") calculations using several hypothetical</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">deposit period yields and current yields, applicable to contracts that use Method Two to calculate the MVA.</FONT></B>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=8 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">These examples do not include the effect of any early withdrawal charge or other fees that may be assessed under</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the contract upon withdrawal.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXAMPLE I</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the deposit period yield, is 4%</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the deposit period yield, is 5%</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the current yield, is 6%</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the current yield, is 6%</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the number of days remaining (computed from</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the number of days remaining (computed from</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Wednesday of the week of withdrawal) in the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Wednesday of the week of withdrawal) in the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term, is 927.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term, is 927.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT size=4 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT><FONT size=4>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT size=4 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT><FONT size=4>&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=middle><FONT size=4 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT><FONT size=4>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=4 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1 + </FONT><FONT style="FONT-SIZE: 14pt"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></I></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 + </FONT><FONT style="FONT-SIZE: 14pt"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></I></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1</FONT></SUP><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=right><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1</FONT></SUP><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT size=1 face="TimesNewRomanPSMT,Times New Roman,Times,serif">927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT size=1 face="TimesNewRomanPSMT,Times New Roman,Times,serif">927</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=1 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=1 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.04</FONT><FONT style="FONT-SIZE: 14pt"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.05</FONT><FONT style="FONT-SIZE: 14pt"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" noWrap align=left><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.06</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=right><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.06</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= .9528</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= .9762</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the deposit period yield of 4% is less</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the deposit period yield of 5% is</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">than the current yield of 6%; therefore, the MVA is less</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">less than the current yield of 6%; therefore, the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">than one. The amount withdrawn from the guaranteed</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA is less than one. The amount withdrawn</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term is multiplied by this MVA.</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from the guaranteed term is multiplied by this</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific dollar</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is requested, the amount withdrawn from a</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term will be increased to compensate for the</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">dollar</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount is requested, the amount</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">negative MVA amount. For example, a withdrawal</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn from a guaranteed term will be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">request to receive a check for $2,000 would result in a</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">increased to compensate for the negative MVA</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$2,099.08 withdrawal from the guaranteed term.</FONT>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount. For example, a withdrawal request to</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">receive a check for $2,000 would result in a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$2,048.76 withdrawal from the guaranteed term.</FONT>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR>   <TD colSpan=8>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">22</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>

<!--$$/page=--><A name="page_26"></A><BR><DIV align=left><TABLE border=0 cellSpacing=0><TR>   <TD width="3%"></TD>   <TD width="3%"></TD>   <TD width="6%"></TD>   <TD width="35%"></TD>   <TD width="3%"></TD>   <TD width="5%"></TD>   <TD width="3%"></TD>   <TD width="3%"></TD>   <TD width="10%"></TD>   <TD width="13%"></TD>   <TD width="10%"></TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXAMPLE II</FONT></B>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assumptions:</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the deposit period yield, is 6%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">i,</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the deposit period yield, is 5%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the current yield, is 4%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">j,</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the current yield, is 4%</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x,</FONT>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the number of days remaining (computed from</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">x,</FONT>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the number of days remaining (computed from</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Wednesday of the week of withdrawal) in the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Wednesday of the week of withdrawal) in the</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term, is 927.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="TEXT-INDENT: 1px" colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term, is 927.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">x</FONT><FONT style="FONT-SIZE: 14pt">&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1 + </FONT><FONT style="FONT-SIZE: 14pt"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></I></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1 + </FONT><FONT style="FONT-SIZE: 14pt"><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">i</FONT></I></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=left><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD noWrap align=left><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{</FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1</FONT></SUP><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=right><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD colSpan=2 noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1</FONT></SUP><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+ </FONT><B><I><SUP><FONT size=7 face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif">j</FONT></SUP></I></B><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">927</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">365</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.06</FONT><FONT style="FONT-SIZE: 14pt"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 noWrap align=middle><FONT style="FONT-SIZE: 14pt" face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.05</FONT><FONT style="FONT-SIZE: 14pt"><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">)</FONT></I>&nbsp;</FONT></TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=left><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.04</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=right><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">=</FONT></SUP>&nbsp;</TD>   <TD colSpan=2 noWrap align=middle><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">{ </FONT><SUP><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1.04</FONT></SUP><I><SUP><FONT size=7 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">) </FONT></SUP></I><FONT size=7 face="TimesNewRomanPSMT,Times New Roman,Times,serif">}</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1.0496</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">= 1.0246</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the deposit period yield of 6% is</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">In this example, the deposit period yield of 5% is</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">greater than the current yield of 4%; therefore, the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">greater than the current yield of 4%; therefore,</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA is greater than one. The amount withdrawn from</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the</FONT>&nbsp;</TD>   <TD colSpan=2 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">MVA</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is greater</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">than one. The</FONT>&nbsp;<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount</FONT></TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed term is multiplied by this MVA.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">from the</FONT>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed <FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">term is</FONT></FONT></TD>   <TD noWrap align=left></TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">multiplied by this MVA.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific dollar</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amount is requested, the amount withdrawn from a</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If a withdrawal or transfer request of a specific</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">guaranteed term will be decreased to reflect the</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">dollar amount is requested, the</FONT>&nbsp;amount</TD>   <TD noWrap align=right></TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">positive MVA amount. For example, a withdrawal</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawn from a guaranteed term will be</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">request to receive a check for $2,000 would result in a</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">decreased to reflect the positive MVA amount.</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=4 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">$1,905.49 withdrawal from the guaranteed term.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">For example, a withdrawal request to receive a</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=6 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">check for $2,000 would result in a $1,951.98</FONT>&nbsp;</TD></TR><TR vAlign=bottom>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD colSpan=5 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">withdrawal from the guaranteed term.</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR>   <TD colSpan=11>&nbsp;</TD></TR><TR vAlign=bottom>   <TD colSpan=3 noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">23</FONT>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD>   <TD noWrap align=left>&nbsp;</TD></TR></TABLE></DIV><P style="MARGIN: 0px">&nbsp;</P><HR align=center SIZE=2 width="100%" noShade>


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<B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Appendix II</FONT></B></TD>
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<B><FONT size=5 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Examples of Market Value Adjustment at Various Yields</FONT></B>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The following hypothetical examples show the market value adjustment (&#147;MVA&#148;) at time of withdrawal for various</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">times remaining in the guaranteed term, based on:</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Method One, which uses the current and average corporate bond yields (US Treasury Rate plus spread over</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Treasury) in the MVA calculations; and</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Method Two, which uses the current and deposit period yields in the MVA calculations,</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Table A illustrates the application of the market value adjustment based on an average corporate bond yield or</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">deposit period yield of the month of deposit of 6%; Table B illustrates the application of the market value</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">adjustment based on an average corporate bond yield or deposit period yield of the month of deposit of 5%. The</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">market value adjustment will have either a positive or negative influence on the amount withdrawn from or</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">remaining in a guaranteed term. Also, the amount of the market value adjustment generally decreases as the end of</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the guaranteed term approaches.</FONT>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">TABLE A: Average Corporate Bond Yield or Deposit Period Yield of the Month of Deposit of 6%</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Change in</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Current</FONT></B>&nbsp;</TD>
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<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Average</FONT></B>&nbsp;</TD>
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	<TD align=left nowrap colspan=2 style="TEXT-INDENT:1.000000px">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Corporate</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Corporate</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2 style="TEXT-INDENT:1.000000px">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Bond Yield</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Bond Yield or</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2 style="TEXT-INDENT:1.000000px">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">or Current</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Deposit</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Yield at</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Period Yield</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Time of</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">of the Month</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Time Remaining to</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Withdrawal</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">of Deposit</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Maturity of Guaranteed Term</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">3 Months</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">8 Years</FONT></B>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">6 Years</FONT></B>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">4 Years</FONT></B>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2 Years</FONT></B>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">1 Year</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">9%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">80.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">84.6%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">89.4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">94.6%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">97.2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.3%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">8%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">86.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">89.4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">92.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">98.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.5%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">7%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">92.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">94.5%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">98.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.8%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">6%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.0%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">116.5%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">112.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">107.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">103.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.5%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">125.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">118.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">112.2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">105.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">102.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.7%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">136.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">126.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">116.6%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">108.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">103.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.0%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-5%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">147.2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">133.6%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">121.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">110.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">105.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.2%</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=8>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">TABLE B: Average Corporate Bond Yield or Deposit Period Yield of the Month of Deposit of 5%</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Change in</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Current</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Average</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Corporate</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Corporate</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Bond Yield</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Bond Yield or</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">or Current</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Deposit</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Yield at</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Period Yield</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Time of</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">of the Month</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Time Remaining to</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Withdrawal</FONT></B>&nbsp;</TD>
	<TD align=center nowrap>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">of Deposit</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap colspan=2>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Maturity of Guaranteed Term</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">8 Years</FONT>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">6 Years</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2 Years</FONT>&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1 Year</FONT>&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">3 Months</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">4 Years</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">9%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">74.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">79.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">86.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">92.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.1%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">8%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">79.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">84.4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">89.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">94.5%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">97.2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.3%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">7%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">86.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">89.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">92.7%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">98.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.5%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">6%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">+1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">92.7%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">94.5%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">98.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">99.8%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">108.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">105.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">103.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.2%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">116.6%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">112.2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">108.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">103.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.5%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">126.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">119.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">112.3%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">106.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">102.9%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">100.7%</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1%</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">-4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">136.4%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">126.2%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">116.8%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">108.1%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">104.0%</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">101.0%</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">PRO.GAA-11</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">24</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

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<A name="page_28"></A><BR>

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	<TD align=center>
<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">PART II</FONT></B></TD>
</TR>
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	<TD align=center>
<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">INFORMATION NOT REQUIRED IN PROSPECTUS</FONT></B></TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 13. Other Expenses of Issuance and Distribution</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 14. Indemnification of Directors and Officers</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 33-779 of the Connecticut General Statutes (&#147;CGS&#148;) provides that a corporation may</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">provide indemnification of or advance expenses to a director, officer, employee or agent only as</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">permitted by Sections 33-770 to 33-778, inclusive, of the CGS. Reference is hereby made to</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 33-771(e) of the CGS regarding indemnification of directors and Section 33-776(d) of</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">CGS regarding indemnification of officers, employees and agents of Connecticut corporations.</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">These statutes provide in general that Connecticut corporations incorporated prior to January 1,</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1997 shall, except to the extent that their certificate of incorporation expressly provides</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">otherwise, indemnify their directors, officers, employees and agents against &#147;liability&#148; (defined</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">with respect to an employee benefit plan, or reasonable expenses incurred with respect to a</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">determined that indemnification is appropriate pursuant to Section 33-774. Under Section 33-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">775, the determination of and the authorization for indemnification are made (a) by two or more</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">disinterested directors, as defined in Section 33-770(3); (b) by special legal counsel; (c) by the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">shareholders; or (d) in the case of indemnification of an officer, agent or employee of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">corporation, by the general counsel of the corporation or such other officer(s) as the board of</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">directors may specify. Also, Section 33-772 with Section 33-776 provide that a corporation shall</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">indemnify an individual who was wholly successful on the merits or otherwise against</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reasonable expenses incurred by him in connection with a proceeding to which he was a party</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">because he is or was a director, officer, employee, or agent of the corporation. Pursuant to</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 33-771(d), in the case of a proceeding by or in the right of the corporation or with</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">respect to conduct for which the director, officer, agent or employee was adjudged liable on the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">basis that he received a financial benefit to which he was not entitled, indemnification is limited</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to reasonable expenses incurred in connection with the proceeding against the corporation to</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">which the individual was named a party.</FONT>&nbsp;</TD>
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<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A corporation may procure indemnification insurance on behalf of an individual who is or was a</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">director of the corporation. Consistent with the laws of the State of Connecticut, ING America</FONT>&nbsp;</TD>
</TR>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Insurance Holdings, Inc. maintains Professional Liability and fidelity bond insurance policies</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">issued by an international insurer. The policies cover ING America Insurance Holdings, Inc. and</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">any company in which ING America Insurance Holdings, Inc. has a controlling financial interest</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of 50% or more. These policies include either or both the principal underwriter, the depositor</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and any/all assets under the care, custody and control of ING America Insurance Holdings, Inc.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and/or its subsidiaries. The policies provide for the following types of coverage: errors and</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">omissions/professional liability, employment practices liability and fidelity/crime (a.k.a.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">"Financial Institutional Bond").</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

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<A name="page_29"></A><BR>

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<TABLE border=0 cellspacing=0>
<TR>
     <TD width=5%></TD>
     <TD width=6%></TD>
     <TD width=7%></TD>
     <TD width=80%></TD></TR>
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	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 20 of the ING Financial Advisers, LLC Limited Liability Company Agreement executed</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">as of November 28, 2000 provides that ING Financial Advisers, LLC will indemnify certain</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">persons against any loss, damage, claim or expenses (including legal fees) incurred by such</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">person if he is made a party or is threatened to be made a party to a suit or proceeding because he</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">was a member, officer, director, employee or agent of ING Financial Advisers, LLC, as long as</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">he acted in good faith on behalf of ING Financial Advisers, LLC and in a manner reasonably</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">believed to be within the scope of his authority. An additional condition requires that no person</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">shall be entitled to indemnity if his loss, damage, claim or expense was incurred by reason of his</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">gross negligence or willful misconduct. This indemnity provision is authorized by and is</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">consistent with Title 8, Section 145 of the General Corporation Law of the State of Delaware.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4 style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 15. Recent Sales of Unregistered Securities</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4 style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 16. Exhibits and Financial Statement Schedules</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Furnish the exhibits as required by Item 601 of Regulation S-K (&#167;229.601):</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Underwriting Agreement dated November 17, 2006 between Aetna Life</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Insurance and Annuity Company and ING Financial Advisers, LLC </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Post-Effective Amendment No. 34 to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Statement on Form N-4 (File No. 033-75996), as filed on</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">December 20, 2006.</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Confirmation of Underwriting Agreement </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Statement on Form S-1 (File No. 333-133158), as filed on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">April 10, 2006.</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(2)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Restated Certificate of Incorporation (amended and restated as of October 1,</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2007) of ING Life Insurance and Annuity Company </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to ING Life Insurance and Annuity Company annual report on</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form 10-K (File No. 033-23376), as filed on March 31, 2008.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amended and Restated By-Laws of ING Life Insurance and Annuity</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Company, effective October 1, 2007 </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to ING</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Life Insurance and Annuity Company annual report on Form 10-K (File No.</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">033-23376), as filed on March 31, 2008.</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(4)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Instruments Defining the Rights of Security Holders </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 1 to Registration Statement on Form S-1 (File No.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">033-60477), as filed on April 15, 1996.</FONT>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-HF) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 14 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75964), as filed on July 29, 1997.</FONT>&nbsp;</TD>
</TR>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-HF) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 6 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 033-75980), as filed on February 12, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(c)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GIT-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to the Registration Statement on Form</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">N-4 (File No. 033-75964), as filed on February 11, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(d)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-IA(RP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 5 to the Registration Statement on Form N-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4 (File No. 033-75986), as filed on April 12, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(e)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-IA(RP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 11 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 4, 1999.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(f)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA(12/99)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 19 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(g)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (C-CDA(12/99)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(h)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GLIT-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to the Registration Statement on Form</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">N-4 (File No. 033-75964), as filed on February 11, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(i)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GST-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to the Registration Statement on Form</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">N-4 (File No. 033-75964), as filed on February 11, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(j)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (IP-CDA-IB) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 4 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75988), as filed on April 15, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(k)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (I-CDA-IA(RP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 5 to the Registration Statement on Form N-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4 (File No. 033-75986), as filed on April 12, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(l)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (I-CDA-HD) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to the Registration Statement on Form</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">N-4 (File No. 033-75964), as filed on February 11, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(m)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GIH-CDA-HB) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 6 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75980), as filed on February 12, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(n)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (IMT-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 6 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75980), as filed on February 12, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(o)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-401-IB(X/M)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 3 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-81216), as filed on April 7, 1996.</FONT>&nbsp;</TD>
</TR>
</TABLE>
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     <TD width=92%></TD></TR>
<TR valign="bottom">
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(p)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-IB(XC/SM)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 3 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 033-81216), as filed on April 7, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(q)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contracts (G-CDA-IB(ATORP)) and (G-CDA-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">IB(AORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Post-Effective Amendment No. 3</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to Registration Statement on Form N-4 (File No. 033-91846), as filed on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">April 15, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(r)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-96(TORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to Post-Effective Amendment No. 6 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-91846), as filed on August 6, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(s)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Group Combination Annuity Contract (Nonparticipating) (A001RP95) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Registration Statement on Form N-4 (File No.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">333-01107), as filed on February 21, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(t)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Group Combination Annuity Certificate (Nonparticipating) (A007RC95) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Registration Statement on Form N-4 (File No.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">333-01107), as filed on February 21, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(u)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Group Combination Annuity Certificate (Nonparticipating) (A020RV95) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Registration Statement on Form N-4 (File No.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">333-01107), as filed on February 21, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(v)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Group Combination Annuity Certificate (Nonparticipating) (A027RV95) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Registration Statement on Form N-4 (File No.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">333-01107), as filed on February 21, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(w)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GID-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75982), as filed on February 20, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(x)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GSD-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75982), as filed on February 20, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(y)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (IST-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 7 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75992), as filed on February 13, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(z)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (I-CDA-HD(XC)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 7 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75992), as filed on February 13, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(aa)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (HR1O-DUA-GIA) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to Post-Effective Amendment No. 6 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75974), as filed on February 28, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(bb)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GA-UPA-GO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 6 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75974), as filed on February 28, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(cc)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contracts (G-TDA-HH(XC/M)) and (G-TDA-HH(XC/S)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Post-Effective Amendment No. 6 to Registration</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Statement on Form N-4 (File No. 033-75962), as filed on April 17, 1996.</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=8%></TD>
     <TD width=91%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(dd)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Certificate (GTCC-HH(XC/M)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 14 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 033-75962), as filed on April 17, 1998.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ee)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Certificate (GTCC-HH(XC/S)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 14 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 033-75962), as filed on April 17, 1998.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ff)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (IA-CDA-IA) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 14 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75964), as filed on July 29, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(gg)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GLID-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 12 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75982), as filed on February 20, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(hh)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-HD) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 6 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75982), as filed on April 22, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ii)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-HD) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 11 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 4, 1999.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(jj)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-IA(RPM/XC)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 12 to the Registration</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Statement on Form N-4 (File No. 033-75964), as filed on February 11,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(kk)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contracts and Certificate (G-CDA-95(ORP)),</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(G-CDA-95(TORP)) and (GTCC-95 (ORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 3 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-91846), as filed on April 15, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ll)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contracts and Certificate (G-CDA-ORP), (CDA-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">IB(TORP)) and (GTCC-95(TORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Post-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Effective Amendment No. 3 to Registration Statement on Form N-4 (File</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">No. 033-91846), as filed on April 15, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(mm)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (IRA-CDA-IC) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 5 to the Registration Statement on Form N-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4 (File No. 033-75986), as filed on April 12, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(nn)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (GIP-CDA-HB) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 8 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75980), as filed on August 19, 1997.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(oo)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (I-CDA-98(ORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 11 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 333-01107), as filed on February 4, 1999.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(pp)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-99(NY)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 19 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
</TABLE>
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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=7%></TD>
     <TD width=92%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(qq)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (C-CDA-99(NY)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(rr)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GDCC-HF) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ss)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GDCC-HD) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(tt)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-HD(XC) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 19 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(uu)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GDCC-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(vv)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GDCC-HD(XC)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ww)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-HD(XC)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(xx)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(yy)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-96(ORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(zz)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract G-CDA-96(ORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to Post-Effective Amendment No. 19 to Registration Statement on Form N-</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-96(TORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-IB(ATORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">by reference to Post-Effective Amendment No. 19 to Registration Statement</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">on Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(c1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (GTCC-IB(AORP) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 19 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-01107), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(d1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (ISE-CDA-HO) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 21 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-75996), as filed on February 16, 2000.</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=4%></TD>
     <TD width=8%></TD>
     <TD width=86%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(e1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-IB(ORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to Post-Effective Amendment No. 3 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-91846), as filed on April 15, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(f1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-IB(TORP)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183; </FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to Post-Effective Amendment No. 3 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 033-91846), as filed on April 15, 1996.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(g1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-01(NY)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 1 to Registration Statement on Form S-2</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 333-60016), as filed on April 5, 2002.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(h1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (C-CDA-01(NY)) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 1 to Registration Statement on</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form S-2 (File No. 333-60016), as filed on April 5, 2002.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(i1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract (G-CDA-10) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Post-Effective Amendment No. 16 to Registration Statement on Form N-4</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(File No. 333-109860), as filed on September 17, 2010.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(j1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Variable Annuity Contract Certificate (C-CDA-10) </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference to Post-Effective Amendment No. 16 to Registration Statement on</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Form N-4 (File No. 333-109860), as filed on September 17, 2010.</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(k1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Endorsement E-403bR-09 to Contracts G-CDA-HF, GIT-CDA-HO, G-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">CDA-IA(RP), G-CDA-(12/99), GLIT-CDA-HO, GST-CDA-HO, I-CDA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">HD, IMT-CDA-HO, G-CDA-IB(XC/SM), G-CDA-IB(ATORP), G-CDA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96(TORP), IST-CDA-HO, G-TDA-HH(XC/M), G-TDA-HH(XC/S), IA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">CDA-IA, G-CDA-HD, G-CDA-IA(RPM/XC), G-CDA-99(NY), G-CDA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">HD(XC), G-CDA-IB(TORP) and G-CDA-01(NY) and Group Contract</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A001RP95 and Certificates GTCC-HF, GTCC-IA(RP), C-CDA-(12/99),</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GTCC-HH(XC/M), GTCC-HD, GTCC-HD(XC), GTCC-HO, GTCC-</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96(TORP), GTCC-IB(ATORP) and C-CDA-01(NY) and Group Certificates</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A007RC95 and A020RV95 </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Registration</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Statement on Form S-1 or ING Life Insurance and Annuity Company (File</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">No. 333-158492), as filed on April 8, 2009.</FONT>&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(l1)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Endorsement E-403bTERM-08 to Contracts G-CDA-HF, GIT-CDA-HO, G-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">CDA-IA(RP), G-CDA-(12/99), GLIT-CDA-HO, GST-CDA-HO, I-CDA-</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">HD, IMT-CDA-HO, G-CDA-IB(XC/SM), G-CDA-IB(ATORP), G-CDA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96(TORP), IST-CDA-HO, G-TDA-HH(XC/M), G-TDA-HH(XC/S), IA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">CDA-IA, G-CDA-HD, G-CDA-IA(RPM/XC), G-CDA-99(NY), G-CDA-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">HD(XC), G-CDA-IB(TORP) and G-CDA-01(NY) and Group Contract</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A001RP95 and Certificates GTCC-HF, GTCC-IA(RP), C-CDA-(12/99),</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">GTCC-HH(XC/M), GTCC-HD, GTCC-HD(XC), GTCC-HO, GTCC-</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">96(TORP), GTCC-IB(ATORP) and C-CDA-01(NY) and Group Certificates</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">A007RC95 and A020RV95 </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Registration</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Statement on Form S-1 or ING Life Insurance and Annuity Company (File</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">No. 333-158492), as filed on April 8, 2009.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(5)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Opinion re Legality</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(21)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Subsidiaries of the Registrant</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(23)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Independent Registered Public Accounting Firm</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Legal Counsel (included in Exhibit (5) above)</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(24)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2 style="TEXT-INDENT:2.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Powers of Attorney Included in signature page of this Registration.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Certificate of Resolution Authorizing Signature by Power of Attorney </FONT><FONT size=3 face="SymbolMT,Times New Roman,Times,serif">&#183;</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Incorporated by reference to Post-Effective Amendment No. 5 to the</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Statement on Form N-4 (File No. 033-75986), as filed on April</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">12, 1996.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibits other than those listed above are omitted because they are not required or are not</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">applicable.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=4 style="TEXT-INDENT:5.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING Life Insurance and Annuity Company Form 10-K for the fiscal year ended</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">December 31, 2010 is incorporated in Part I within the Prospectus.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 17. Undertakings</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The undersigned registrant hereby undertakes as follows, pursuant to Item 512 of Regulation</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">S-K:</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(a) Rule 415 offerings:</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To file, during any period in which offers or sales of the registered securities are</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">being made, a post-effective amendment to this registration statement:</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(i)</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To include any prospectus required by Section 10(a)(3) of the Securities</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Act of 1933;</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To reflect in the prospectus any facts or events arising after the effective</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">date of the registration statement (or the most recent post-effective</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amendment thereof) which, individually or in the aggregate, represent a</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">fundamental change in the information set forth in the registration</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">statement; and</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To include any material information with respect to the plan of</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">distribution not previously disclosed in the registration statement or any</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">material changes to such information in the registration statement.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">That, for the purpose of determining any liability under the Securities Act of</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1933, each such post-effective amendment shall be deemed to be a new</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registration statement relating to the securities offered therein, and the offering</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of such securities at that time shall be deemed to be the initial bona fide offering</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">thereof.</FONT>&nbsp;</TD>
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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=4%></TD>
     <TD width=8%></TD>
     <TD width=86%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">To remove from registration by means of a post-effective amendment any of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">securities being registered which remain unsold at the termination of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">offering.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(4)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(5)(i)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(5)(ii)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">That for, the purpose of determining liability under the Securities Act of 1933 to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registration statement relating to an offering, other than registration statements</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">shall be deemed to be part of and included in the registration statement as of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">date it is first used after effectiveness. Provided, however, that no statement</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">made in a registration statement or prospectus that is part of the registration</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">statement or made in a document incorporated or deemed incorporated by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reference into the registration statement or prospectus that is part of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registration statement will, as to a purchaser with a time of contract of sale prior</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to such first use, supersede or modify any statement that was made in the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registration statement or prospectus that was part of the registration statement or</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">made in any such document immediately prior to such date of first use.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(6)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">That, for the purpose of determining liability of the registrant under the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Securities Act of 1933 to any purchaser in the initial distribution of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">securities, the undersigned registrant undertakes that in a primary offering of</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">securities of the undersigned registrant pursuant to this registration statement,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">regardless of the underwriting method used to sell the securities to the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">purchaser, if the securities are offered or sold to such purchaser by means of any</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the following communications, the undersigned registrant will be a seller to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the purchaser and will be considered to offer or sell such securities to such</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">purchaser: (i) any preliminary prospectus or prospectus of the undersigned</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registrant relating to the offering required to be filed pursuant to Rule 424; (ii)</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">any free writing prospectus relating to the offering prepared by or on behalf of</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the undersigned registrant or used or referred to by the undersigned registrant;</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(iii) the portion of any other free writing prospectus relating to the offering</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">containing material information about the undersigned registrant or its securities</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">provided by or on behalf of the undersigned registrant; and (iv) any other</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">communication that is an offer in the offering made by the undersigned</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registrant to the purchaser.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(b)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(c)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(d)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(e)</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=4%></TD>
     <TD width=95%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(f)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(g)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(h)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Request for Acceleration of Effective Date:</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">be permitted to directors, officers and controlling persons of the registrant pursuant to</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the foregoing provisions, or otherwise, the registrant has been advised that in the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">opinion of the Securities and Exchange Commission such indemnification is against</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">public policy as expressed in the Act and is, therefore, unenforceable. In the event that</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a claim for indemnification against such liabilities (other than the payment by the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registrant of expenses incurred or paid by a director, officer or controlling person of the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registrant in the successful defense of any action, suit or proceeding) is asserted by such</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">director, officer or controlling person in connection with the securities being registered,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the registrant will, unless in the opinion of its counsel the matter has been settled by</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">controlling precedent, submit to a court of appropriate jurisdiction the question whether</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">such indemnification by it is against public policy as expressed in the Act and will be</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">governed by the final adjudication of such issue.</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(i)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(j)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(k)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(l)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Not Applicable</FONT>&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

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<A name="page_38"></A><BR>

<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=25%></TD>
     <TD width=23%></TD>
     <TD width=29%></TD>
     <TD width=4%></TD>
     <TD width=17%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">SIGNATURES</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Statement on Form S-1 to be signed on its behalf by the undersigned, thereunto duly</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">authorized in the City of New York, State of New York, on this 1st day of April, 2011.</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">By:</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING LIFE INSURANCE AND ANNUITY</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">COMPANY</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<I><FONT size=3 face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">(REGISTRANT)</FONT></I>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">By:</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Robert G. Leary</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Robert G. Leary</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">President</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(principal executive officer)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">As required by the Securities Act of 1933, this Registration Statement has been signed by the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">following persons in the capacities and on the dates indicated. Each person whose signature appears</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">below hereby constitutes and appoints J. Neil McMurdie, Julie E. Rockmore and Nicholas Morinigo,</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and each of them individually, such person's true and lawful attorneys and agents with full power of</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">substitution and resubstitution for him or her and in his or her name, place and stead, in any and all</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">capacities, to sign for such person and in such person's name and capacity indicated below, any and all</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amendments to this Registration Statement, hereby ratifying and confirming such person's signatures</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=5>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">as it may be signed by said attorneys to any and all amendments (pre-effective and post-effective</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amendments).</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Signature</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Title</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Robert G. Leary</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">President and Director</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">April 1, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Robert G. Leary</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(principal executive officer)</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Patrick G. Flynn</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Director and Chairman</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">February 24, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Patrick G. Flynn</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Lynne R. Ford</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Director and Executive Vice President</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">February 25, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Lynne R. Ford</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Ewout L. Steenbergen</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Director, Executive Vice President and</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">March 8, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Ewout L. Steenbergen</FONT>&nbsp;</TD>
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Financial Officer</FONT>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Michael S. Smith</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Director</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">February 25, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Michael S. Smith</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Donald Britton</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Director</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">February 25, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Donald W. Britton</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

<HR noshade align="center" width="100%" size=2>



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<A name="page_39"></A><BR>

<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=23%></TD>
     <TD width=54%></TD>
     <TD width=21%></TD></TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Steven T. Pierson</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Senior Vice President and Chief Accounting Officer</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">) February 25, 2011</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Steven T. Pierson</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">State of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">County of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On the 1st day of April in the year 2011, before me, the undersigned, personally appeared Robert</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">G. Leary, personally known to me or proved to me on the basis of satisfactory evidence to be the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">individual whose name is subscribed to the within instrument and acknowledged to me that he</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">executed the same in his capacity, and that by his signature on the instrument, the individual, or</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the person upon behalf of which the individual acted, executed the instrument.</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Helen M. Scheuer</FONT>&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Helen M. Scheuer</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public</FONT>&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public, State of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">No. 01SC3352985</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Qualified in New York County</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;" style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commission Expires 4-30-2011</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">State of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">County of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On the 25th day of February in the year 2011, before me, the undersigned, personally appeared Lynne R.</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Ford, personally known to me or proved to me on the basis of satisfactory evidence to be the individual</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">whose name is subscribed to the within instrument and acknowledged to me that she executed the same in</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">her capacity, and that by her signature on the instrument, the individual, or the person upon behalf of</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">which the individual acted, executed the instrument.</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Helen M. Scheuer</FONT>&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Helen M. Scheuer</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public</FONT>&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public, State of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">No. 01SC3352985</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Qualified in New York County</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;" style="TEXT-INDENT:17.000000px">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commission Expires 4-30-2011</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On the 8th day of March in the year 2011, before me, the undersigned, personally appeared</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Ewout L. Steenbergen, personally known to me or proved to me on the basis of satisfactory</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">evidence to be the individual whose name is subscribed to the within instrument and</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">acknowledged to me that he executed the same in his capacity, and that by his signature on the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=3>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">instrument, the individual, or the person upon behalf of which the individual acted, executed the</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">instrument.</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Helen M. Scheuer</FONT>&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Helen M. Scheuer</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public</FONT>&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public, State of New York</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:17.000000px">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">No. 01SC3352985</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
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	<TD align=left nowrap>
&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Qualified in New York County</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commission Expires 4-30-2011</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">CAUTION TO THE PRINCIPAL: Your Power of Attorney is an important document. As the</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#147;principal,&#148; you give the person whom you choose (your &#147;agent&#148;) authority to spend your money</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and sell or dispose of your property during your lifetime without telling you. You do not lose</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">your authority to act even though you have given your agent similar authority.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">When your agent exercises this authority, he or she must act according to any instructions you</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">have provided or, where there are no specific instructions, in your best interest. &#147;Important</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Information for the Agent&#148; at the end of this document describes your agent&#146;s responsibilities.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Your agent can act on your behalf only after signing the Power of Attorney before a notary</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">public.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You can request information from your agent at any time. If you are revoking a prior Power of</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Attorney by executing this Power of Attorney, you should provide written notice of the</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">revocation to your prior agent(s) and to the financial institutions where your accounts are</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">located.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You can revoke or terminate your Power of Attorney at any time for any reason as long as you</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">improperly.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Your agent cannot make health care decisions for you. You may execute a &#147;Health Care Proxy&#148;</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to do this.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The law governing Powers of Attorney is contained in the New York General Obligations Law,</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Article 5, Title 15. This law is available at a law library, or online through the New York State</FONT>&nbsp;</TD>
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	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Senate or Assembly websites, </FONT><FONT color="#0000ff" size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">www.senate.state.ny.us </FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">or </FONT><FONT color="#0000ff" size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">www.assembly.state.ny.us</FONT><FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">.</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">If there is anything about this document that you do not understand, you should ask a lawyer of</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">your own choosing to explain it to you.</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Signature of Agents:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">State of Pennsylvania</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Nicholas Morinigo</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">County of Chester</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Nicholas Morinigo</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On this, the 31st day of March, 2011, before me</FONT>&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Tabitha E. Muniz, the undersigned officer, personally appeared</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Commonwealth of Pennsylvania</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Nicholas Morinigo, known to me (or satisfactorily proven) to</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notarial Seal</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">be the person whose name is subscribed as attorney in fact for</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Tabitha E. Muniz, Notary Public</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Robert G. Leary, Lynne R. Ford and Ewout L. Steenbergen, and</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">West Whiteland Twp., Chester County</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">acknowledged that he executed the same as the act of his</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">My Commission Expires Dec. 10,</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">principal for the purposes therein contained.</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2014</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Tabitha E. Muniz</FONT></TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">State of Connecticut</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ J. Neil McMurdie</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">County of Hartford Town of Windsor</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">J. Neil McMurdie</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The foregoing instrument was executed and acknowledged</FONT>&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">before me this 25th day of March, 2011, by J. Neil McMurdie,</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Nicole L. Molleur</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">as attorney in fact on behalf of Robert G. Leary, Lynne R. Ford</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public Within and for</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and Ewout L. Steenbergen.</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The State of Connecticut</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">My commission expires: Nov. 30,</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Nicole L. Molleur</FONT>&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2014</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public</FONT>&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">State of Connecticut</FONT></TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Julie Rockmore</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">County of Hartford Town of Windsor</FONT>&nbsp;</TD>
</TR>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Julie Rockmore</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The foregoing instrument was executed and acknowledged</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">before me this 23rd day of March, 2011, by Julie Rockmore, as</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Nicole L. Molleur</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">attorney in fact on behalf of Robert G. Leary, Lynne R. Ford</FONT>&nbsp;</TD>
</TR>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public Within and for</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and Ewout L. Steenbergen.</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The State of Connecticut</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">My commission expires: Nov. 30,</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Nicole L. Molleur</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2014</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Notary Public</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">IMPORTANT INFORMATION FOR THE AGENT:</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">When you accept the authority granted under this Power of Attorney, a special legal relationship</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">is created between you and the principal. This relationship imposes on you legal responsibilities</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">that continue until you resign or the Power of Attorney is terminated or revoked. You must:</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1) act according to any instructions from the principal, or, where there are no instructions, in the</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">principal&#146;s best interest;</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(2) avoid conflicts that would impair your ability to act in the principal&#146;s best interest;</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3) keep the principal&#146;s property separate and distinct from any assets you own or control, unless</FONT>&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">otherwise permitted by law;</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(4) keep a record of all receipts, payments, and transactions conducted for the principal; and</FONT>&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(5) disclose your identity as an agent whenever you act for the principal by writing or printing</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the principal&#146;s name and signing your own name as &#147;agent&#148; in either of the following manner:</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Principal&#146;s Name) by (Your Signature) as Agent, or (your signature as Agent for (Principal&#146;s</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Name).</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">You may not use the principal&#146;s assets to benefit yourself or give major gifts to yourself or</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">anyone else unless the principal has specifically granted you that authority in this Power of</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Attorney or in a Statutory Major Gifts Rider attached to this Power of Attorney. If you have that</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">authority, you must act according to any instructions of the principal or, where there are no such</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">instructions, in the principal&#146;s best interest.; You may resign by giving written notice to the</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">principal and to any co-agent, successor agent, monitor if one has been named in this document,</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">or the principal&#146;s guardian if one has been appointed. If there is anything about this document or</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">your responsibilities that you do not understand, you should seek legal advice.</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Liability of the agent:</FONT>&nbsp;</TD>
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	<TD>
&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The meaning of the authority given to you is defined in New York&#146;s General Obligations Law,</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Article 5, Title 15. If it is found that you have violated the law or acted outside the authority</FONT>&nbsp;</TD>
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	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">granted to you in the Power of Attorney, you may be liable under the law for your violation.</FONT>&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left nowrap style="TEXT-INDENT:26.000000px">
<B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXHIBIT INDEX</FONT></B>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibit No.</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibit</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">16(a)(5)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Opinion re: Legality</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">16(a)(21)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Subsidiaries of the Registrant</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">16(a)(23)(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Independent Registered Public Accounting Firm</FONT>&nbsp;</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">16(a)(23)(b)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Legal Counsel</FONT>&nbsp;</TD>
	<TD align=center nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">*</FONT>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">16(a)(24)(a)</FONT>&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Powers of Attorney</FONT>&nbsp;</TD>
	<TD align=center nowrap style="border-bottom:1px solid #000000;">
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">**</FONT>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">*Included in Exhibit 16(a)(5) above</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=3 face="TimesNewRomanPSMT,Times New Roman,Times,serif">**Included on signature page of this Registration</FONT>&nbsp;</TD>
	<TD align=left nowrap>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

<HR noshade align="center" width="100%" size=2>


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combinedgaa485b2011.htm - Generated by SEC Publisher for SEC Filing
As filed with the Securities and Exchange
Registration No. 333-
Commission on April 4, 2011
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
ING Life Insurance and Annuity Company
Connecticut
71-0294708
One Orange Way, C1S, Windsor, Connecticut 06095-4774, (860) 580-2831
J. Neil McMurdie, Senior Counsel
ING Life Insurance and Annuity Company
One Orange Way, C2N, Windsor, Connecticut 06095-4774
(860) 580-2824
Approximate date of commencement of proposed sale to the public:
It is proposed that the
public offering will commence as soon as practicable after effectiveness of this filing.
If any of the securities being registered to this Form are to be offered on a delayed or continuous
basis pursuant to Rule 415 under the Securities Act, check the following box. [ X ]
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under
the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering. [ X ] 333-158492
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act,
check the following box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [
]
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities
Act, check the following box and list the Securities Act registration statement number of the
earlier effective registration statement for the same offering. [
]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer
Accelerated filer
XX Non-accelerated filer
Smaller reporting company
(Do not check if a smaller reporting company)
Calculation of Registration Fee
Title of Each
Proposed
Proposed
Class of
Maximum
Maximum
Securities to be
Amount to be
Offering Price
Aggregate
Amount of
Registered
Registered
Per Unit
Offering Price
Registration Fee
*
*
$100,000,000
$11,610
*The proposed maximum aggregate offering price is estimated solely for the purpose of
determining the registration fee. The amount to be registered and the proposed maximum
offering price per unit are not applicable since these securities are not issued in predetermined
amounts or units.
Pursuant to Rule 429(b) of the 1933 Act, unsold securities previously registered under
Registration Statement No. 333-158492 are being carried forward to this Registration Statement.
As of February 28, 2011, the amount of such unsold securities was $100,130,000.
The Registrant hereby amends this Registration Statement on such dates as may be
necessary to delay its effective date until the Registrant shall file a further amendment
which specifically states that this Registration Statement shall thereafter become effective
in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration
Statement shall become effective on such date as the Commission, acting pursuant to
Section 8(a), may determine.
PART I
INFORMATION REQUIRED IN PROSPECTUS
ING Life Insurance and Annuity Company
Guaranteed Accumulation Account Prospectus – April 29, 2011
Introduction
The Guaranteed Accumulation Account (GAA) is a fixed interest option available during the accumulation phase of
certain variable annuity contracts issued by ING Life Insurance and Annuity Company (the Company, we, us, our).
Read this prospectus carefully before investing in GAA and save it for future reference.
General Description
GAA offers investors the opportunity to earn specified guaranteed rates of interest for specified periods of time,
called guaranteed terms. We generally offer several guaranteed terms at any one time for those considering investing
in GAA. Each guaranteed term offers a guaranteed interest rate for investments that remain in GAA for the duration
of the specific guaranteed term. The guaranteed term establishes both the length of time for which we agree to credit
a guaranteed interest rate and how long your investment must remain in GAA in order to receive the guaranteed
interest rate.
We guarantee both principal and interest if, and only if, your investment remains invested for the full guaranteed
term. Charges related to the contract, such as a maintenance fee or early withdrawal charge, may still apply even if
you do not withdraw until the end of a guaranteed term.
Investments taken out of GAA prior to the end of a
guaranteed term may be subject to a market value adjustment, which may result in an investment gain or
loss. See "Market Value Adjustment," page 12.
This prospectus will explain:
·
Guaranteed interest rates and guaranteed terms;
·
Contributions to GAA;
·
Types of investments available, and how they are classified;
·
How rates are offered;
·
How there can be an investment risk, and how we calculate gain or loss;
·
Contract charges that can affect your account value in GAA;
·
Taking investments out of GAA; and
·
How to reinvest or withdraw at maturity.
Additional Disclosure Information
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved
of these securities or passed on the accuracy or adequacy of this prospectus. Any representation to the contrary is a
criminal offense. We do not intend for this prospectus to be an offer to sell or a solicitation of an offer to buy these
securities in any state or jurisdiction that does not permit their sale. We have not authorized anyone to provide you
with information that is different than that contained in this prospectus.
Our Home Office:
ING Life Insurance and Annuity Company
One Orange Way
Windsor, Connecticut 06095-4774
1-800-262-3862
PRO.GAA-10
Table of Contents
Summary
3
Description of the Guaranteed Accumulation Account
6
General, Contributions to GAA, Deposit Period, Guaranteed Terms, Guaranteed Term Classifications,
Guaranteed Interest Rates, Interest Rate Lock, Maturity of a Guaranteed Term, Maturity Value Transfer
Provision
Transfers
10
Transfers from GAA, Transfers Between Guaranteed Term Classifications
Withdrawals
11
Deferral of Payments, Reinvestment Privilege
Market Value Adjustment (MVA)
12
Calculation of the MVA, MVA Formula
Contract Charges
15
Other Topics
15
Anti-Money Laundering, The Company, Income Phase, Contract Loans, Investments, Distribution of
Contracts, Taxation, Experts, Legal Matters, Further Information, Incorporation of Certain Documents by
Reference, Inquiries
Appendix I - Examples of Market Value Adjustment Calculations
20
Appendix II - Examples of Market Value Adjustment at Various Yields
24
PRO.GAA-11
2
Summary
GAA is a fixed interest option that may be available during the accumulation
Questions: Contacting the
phase of your annuity contract. The following is a summary of certain facts
Company.
To answer your
about GAA.
questions, contact your sales
representative or write or call
In General.
Amounts that you invest in GAA will earn a guaranteed interest
our Home Office at:
rate if left in GAA for a specified period of time (the guaranteed term). You
must invest amounts in GAA for the full guaranteed term in order to receive
ING
the quoted guaranteed interest rate. If you withdraw or transfer those amounts
USFS Customer Service
before the end of the guaranteed term, we may apply a "market value
Defined Contribution
adjustment," which may be positive or negative.
Administration
P.O. Box 990063
Deposit Periods.
A deposit period is the time during which we offer a
Hartford, CT 06199-0063
specific guaranteed interest rate if you deposit dollars for a specific
1-800-262-3862
guaranteed term. For a particular guaranteed interest rate and guaranteed term
to apply to your account dollars, you must invest them during the deposit
period in which that rate and term are offered.
Guaranteed Terms.
A guaranteed term is the period of time account dollars
must be left in GAA in order to earn the guaranteed interest rate specified for
that guaranteed term. We may offer different guaranteed terms at different
times. Check with your representative or the Company to learn the details
about the guaranteed term(s) currently offered. We reserve the right to limit
the number of guaranteed terms or the availability of certain guaranteed terms.
In addition, under certain contracts, we reserve the right to discontinue
offering GAA, or to limit the availability of GAA guaranteed term
classifications.
Some annuity contracts that offer GAA distinguish between short- and long-
term classifications of GAA. Under those contracts, we make the following
distinction:
·
Short-term classification—three years or less; and
·
Long-term classification—between three and ten years.
Guaranteed Interest Rates.
We guarantee different interest rates, depending
upon when account dollars are invested in GAA. The interest rate we
guarantee is an annual effective yield; that means that the rate reflects a full
year's interest. We credit interest at a rate that will provide the guaranteed
annual effective yield over one year. The guaranteed interest rate(s) is
guaranteed for that deposit period and for the length of the guaranteed term.
The guaranteed interest rates we offer will always meet or exceed the
minimum interest rates agreed to in the contract, if any. Not all contracts
provide for minimum interest rates for the GAA. Apart from meeting the
contractual minimum interest rates, if any, we can in no way guarantee any
aspect of future offerings.
PRO.GAA-11
3
Interest Rate Lock.
Certain contracts may provide a 45 day interest rate lock in connection with external
transfers into GAA, which you must elect at the time you initiate the external transfer. Under this rate lock
provision, if applicable, we will deposit external transfers to the deposit period offering the greater of (a) and (b)
where:
a)
Is the guaranteed interest rate for the deposit period in effect at the time we receive the rate lock
election; and
b)
Is the guaranteed interest rate for the deposit period in effect at the time we receive an external
transfer from your prior provider.
If applicable, this rate lock will be available to all external transfers received for 45 days from the date we receive
a rate lock election. In the event we receive an external transfer after this 45 day time period, it will be deposited
to the deposit period in effect at the time we receive the external transfer, and will earn the guaranteed interest rate
for that guaranteed term. Only one rate lock may be in effect at one time per contract – once a rate lock has been
elected, that rate lock will apply to all external transfers received during that 45 day period, and you may not elect
to begin a new rate lock period during that 45 day period.
Amounts subject to the rate lock will not be deposited until the external transfer has been received, and will not be
credited interest until deposited. This could result in the deposit being credited interest for a shorter term than if a
rate lock had not been elected. The cost of providing a rate lock may be a factor we consider when determining
the guaranteed interest rate for a deposit period, which impacts the guaranteed interest rate for all investors in that
guaranteed term.
Fees and Other Deductions.
We do not make deductions from amounts in GAA to cover mortality and expense
risks. Rather, we consider these risks when determining the credited rate. The following other types of charges
may be deducted from amounts held in, withdrawn or transferred from GAA:
·
Market Value Adjustment (MVA). An MVA may be applied to amounts transferred or withdrawn prior to the
end of a guaranteed term, which reflects changes in interest rates since the deposit period. The MVA may be
positive or negative, and therefore may increase or decrease the amount withdrawn to satisfy a transfer or
withdrawal request. See "Market Value Adjustment."
·
Tax Penalties and/or Tax Withholding. Amounts withdrawn may be subject to withholding for federal income
taxes, as well as a 10% penalty tax for amounts withdrawn prior to your having attained age 59½. See
"Taxation"; see also the "Tax Considerations" section of the contract prospectus.
·
Early Withdrawal Charge. An early withdrawal charge, which is a deferred sales charge, may apply to
amounts withdrawn from the contract, in order to reimburse us for some of the sales and administrative
expenses associated with the contract. See "Contract Charges"; see also the "Fees" section of the contract
prospectus.
·
Maintenance Fee. An annual maintenance fee of up to $50 may be deducted pro rata from all funding options
including GAA. See "Contract Charges"; see also the "Fees" section of the contract prospectus.
·
Transfer Fees. Under some contracts transfer fees of up to $10 per transfer may be deducted from amounts
held in or transferred from GAA during the accumulation phase. See "Contract Charges"; see also the "Fees"
section of the contract prospectus.
·
Premium Taxes. We may deduct a charge for premium taxes of up to 4% from amounts in GAA. See
"Contract Charges"; see also the "Fees" section of the contract prospectus.
·
Front End Sales Charges. Under some contracts, we may deduct front end sales charges of up to 6%. See
"Contract Charges"; see also the "Fees" section of the contract prospectus.
Market Value Adjustment (MVA).
If you withdraw or transfer all or part of your account value from GAA
before the guaranteed term is complete, an MVA may apply. The MVA reflects the change in the value of the
investment due to changes in interest rates since the date of deposit. The MVA may be positive or negative
depending upon interest rate activity at the time of withdrawal or transfer.
PRO.GAA-11
4
Any MVA applied to a withdrawal or transfer from GAA will be calculated as an "aggregate MVA," which is the
sum of all MVAs applicable due to the withdrawal. See the sidebar on page 12 for an example of the calculation
of the aggregate MVA. The following withdrawals will be subject to an aggregate MVA only if it is positive:
·
Withdrawals due to the election of a lifetime income option; and
·
Withdrawals due to the death of the participant (if paid within the first six months following death). For certain
contracts issued in the state of New York, this provision also applies in the event of disability, as defined in the
contract.
All other withdrawals will be subject to an aggregate MVA, regardless of whether it is positive or negative,
including:
·
Withdrawals due to the election of a nonlifetime income option;
·
Payments due to the death of the participant, if paid more than six months following death (or disability, if
applicable); and
·
Full or partial withdrawals during the accumulation phase (except for withdrawals at the end of a guaranteed
term or pursuant to the maturity value transfer provision - see "Maturity of a Guaranteed Term" and
"Maturity Value Transfer Provision").
Under certain contracts that guarantee a death benefit equal to the greater of the "adjusted purchase total" or the
current account value (excluding loans), the calculation of the current account value will include the aggregate
MVA only if it is positive, regardless of whether the death benefit is paid within six months following death. See
the "Death Benefit" section of the contract prospectus. Under some of these contracts, an election to defer
payment of the death benefit will result in the application of the aggregate MVA, whether positive or negative,
when the beneficiary elects to begin distribution of the death benefit.
See "Description of the Guaranteed Accumulation Account" and "Market Value Adjustment."
Maturity of a Guaranteed Term.
On or before the end of a guaranteed term, the contract holder or you, if
applicable, may instruct us to:
·
Transfer the matured amount to one or more new guaranteed terms available under the current deposit period;
·
Transfer the matured amount to other available investment options; or
·
Withdraw the matured amount.
Amounts withdrawn may be subject to an early withdrawal charge, maintenance fee, tax withholding, and tax
penalties. See "Contract Charges"; see also the "Fees" and "Tax Considerations" sections of the contract
prospectus. When a guaranteed term ends, if we have not received instructions, we will automatically reinvest the
maturing investment into a guaranteed term available in the current deposit period. See "Maturity Value Transfer
Provision." For contracts that distinguish between short- and long-term classifications, we will generally transfer
the maturing investment to the available deposit period for the guaranteed term having the shortest maturity within
the same classification. For other contracts, we will generally transfer the maturing investment in the following
manner based upon availability:
·
To a guaranteed term of the same duration, if available;
·
To a guaranteed term with the next shortest duration, if available; or
·
To a guaranteed term with the next longest duration.
If you do not provide instructions concerning the maturing amount on or before the end of a guaranteed term, and
this amount is automatically reinvested as noted above, the maturity value transfer provision will apply.
Maturity Value Transfer Provision.
If we automatically transfer the matured investment into the current deposit
period, the contract holder or you, if applicable, may, for a limited time, transfer or withdraw all or a portion of
the matured investment that was transferred without the application of an MVA. As described in "Fees and Other
Deductions" above, other fees, including an early withdrawal charge and a maintenance fee, may be assessed on
amounts withdrawn. See "Description of the Guaranteed Accumulation Account."
PRO.GAA-11
5
Transfer of Account Dollars.
Generally, account dollars invested in GAA may be transferred among guaranteed
terms offered through GAA, and/or to other investment options offered through the contract. However:
·
Transfers may not be made during the deposit period in which your account dollars are invested in GAA or
for 90 days after the close of that deposit period; and
·
We may apply an MVA to transfers made before the end of a guaranteed term.
Transfers to other investment options offered through the contract may be subject to limits on frequent or
disruptive transfers or limits imposed by the underlying funds. See the "Transfers" and "Investment Options"
sections of your contract prospectus.
Investments.
Guaranteed interest rates credited during any guaranteed term do not necessarily relate to
investment performance. Deposits received into GAA will generally be invested in federal, state and municipal
obligations, corporate bonds, preferred stocks, real estate mortgages, real estate, certain other fixed income
investments, and cash or cash equivalents. All of our general assets are available to meet guarantees under GAA.
Amounts allocated to GAA are held in a nonunitized separate account established by the Company under
Connecticut law. To the extent provided for in the contract, assets of the separate account are not chargeable with
liabilities arising out of any other business that we conduct. See "Investments."
Notification of Maturity.
We will notify the contract holder or you, if applicable, at least 18 calendar days prior
to the maturity of a guaranteed term. We will include information relating to the current deposit period's
guaranteed interest rates and the available guaranteed terms. You may obtain information concerning available
deposit periods, guaranteed interest rates, and guaranteed terms by telephone five business days prior to the
maturity date (1-800-GAA-FUND or 1-800-422-3863). See "Description of the Guaranteed Accumulation
Account—General" and "Maturity of a Guaranteed Term."
Description of the Guaranteed Accumulation Account
General
GAA offers guaranteed interest rates for specific guaranteed terms. For a particular guaranteed interest rate and
guaranteed term to apply to your account dollars, you must invest them during the deposit period during which
that rate and term are offered. Each deposit period may offer more than one guaranteed term. Guaranteed terms
may be classified according to length of time to maturity, and each deposit period may offer various guaranteed
terms within these classifications.
Any MVA applied to a withdrawal or transfer from GAA will be calculated as an "aggregate MVA," which is the
sum of all MVAs applicable due to the withdrawal. See the sidebar on page 12 for an example of the calculation
of the aggregate MVA. The following withdrawals will be subject to an aggregate MVA only if it is positive:
·
Withdrawals due to the election of a lifetime income option; and
·
Withdrawals due to the death of the participant (if paid within the first six months following death). For
certain contracts issued in the state of New York, this provision also applies in the event of disability, as
defined in the contract.
All other withdrawals will be subject to an aggregate MVA, regardless of whether it is positive or negative,
including:
·
Withdrawals due to the election of a nonlifetime income option;
·
Payments due to the death of the participant, if paid more than six months following death (or disability, if
applicable); and
·
Full or partial withdrawals during the accumulation phase (except for withdrawals at the end of a guaranteed
term or pursuant to the maturity value transfer provision, see "Maturity of a Guaranteed Term" and
"Maturity Value Transfer Provision").
PRO.GAA-11
6
We maintain a toll-free telephone number for those wishing to obtain information concerning available deposit
periods, guaranteed interest rates, and guaranteed terms. The telephone number is 1-800-GAA-FUND (1-800-422-
3863). At least 18 calendar days before a guaranteed term matures, we will notify the contract holder or you, if
applicable, of the upcoming deposit period dates and the current guaranteed interest rates, guaranteed terms and
projected matured guaranteed term values.
Contributions to GAA
The contract holder or you, if applicable, may invest in the guaranteed terms available in the current deposit
period by allocating new purchase payments to GAA or by transferring a sum from other funding options
available under the contract or from other guaranteed terms.
Though we may require a minimum payment(s) to a contract, we do not require a minimum investment for a
guaranteed term. Refer to the contract prospectus. We reserve the right to establish a minimum amount for
transfers from other funding options.
Investments may not be transferred from a guaranteed term during the deposit period in which the investment is
applied nor during the first 90 days after the close of the deposit period. This restriction does not apply to amounts
transferred or withdrawn under the maturity value transfer provision. See "Maturity Value Transfer Provision."
Deposit Period
The deposit period is the period of time during which the contract holder or you, if applicable, may direct
investments to a particular guaranteed term(s) and receive a stipulated guaranteed interest rate(s). Each deposit
period may be a month, a calendar quarter, or any other period of time we specify.
Guaranteed Terms
A guaranteed term is the time we specify during which we credit the guaranteed interest rate. Generally, we will
offer at least one guaranteed term of three years or less and one guaranteed term of more than three years in any
deposit period. However, under certain contracts we reserve the right to limit the guaranteed terms or guaranteed
term classifications offered, as well as the right to discontinue offering GAA. We offer guaranteed terms at our
discretion for various periods ranging from one to ten years.
Guaranteed Term Classifications
Some contracts distinguish between long-term and short-term guaranteed term classifications. The following are
the guaranteed term classifications:
·
Short-term—All guaranteed terms of three years or less; and
·
Long-term—All guaranteed terms of between three and ten years.
During each deposit period, we may offer more than one guaranteed term within each guaranteed term
classification. The contract holder or you, if applicable, may allocate investments to guaranteed terms within one
or both guaranteed term classifications during a deposit period.
PRO.GAA-11
7
Guaranteed Interest Rates
Guaranteed interest rates are the rates that we guarantee will be credited on amounts applied during a deposit
period for a specific guaranteed term. Guaranteed interest rates are annual effective yields, reflecting a full year's
interest. We credit interest at a rate that will provide the guaranteed annual effective yield over one year.
Guaranteed interest rates are credited according to the length of the guaranteed term as follows:
Guaranteed Terms of One Year or Less:
The guaranteed interest rate is credited from the date of deposit to the
last day of the guaranteed term.
Guaranteed Terms of Greater than One Year:
Except for certain contracts issued in the state of New York,
several different guaranteed interest rates may be applicable during a guaranteed term of more than one year. The
initial guaranteed interest rate is credited from the date of deposit to the end of a specified period within the
guaranteed term. We may credit several different guaranteed interest rates for subsequent specific periods of time
within the guaranteed term. For example, for a five-year guaranteed term we may guarantee 5% for the first year,
4.75% for the next two years, and 4.5% for the remaining two years.
We will not guarantee or credit a guaranteed interest rate below the minimum rate specified in the contract for the
GAA, if any. Additionally, we will not credit interest at a rate above the guaranteed interest rate we announce
prior to the start of a deposit period. Not all contracts provide for minimum interest rates for the GAA.
Our guaranteed interest rates are influenced by, but do not necessarily correspond to, interest rates available on
fixed income investments we may buy using deposits directed to GAA. See "Investments." We consider other
factors when determining guaranteed interest rates including regulatory and tax requirements, sales commissions
and administrative expenses borne by the Company, general economic trends, competitive factors, and whether an
interest rate lock is being offered for that guaranteed term under certain contracts.
We make the final
determination regarding guaranteed interest rates. We cannot predict the level of future guaranteed
interest rates.
Interest Rate Lock
Certain contracts may provide a 45 day interest rate lock in connection with external transfers into GAA, which
you must elect at the time you initiate the external transfer. Under this rate lock provision, if applicable, we will
deposit external transfers to the deposit period offering the greater of (a) and (b) where:
a)
Is the guaranteed interest rate for the deposit period in effect at the time we receive the rate lock
election; and
b)
Is the guaranteed interest rate for the deposit period in effect at the time we receive an external
transfer from your prior provider.
If applicable, this rate lock will be available to all external transfers received for 45 days from the date we receive
a rate lock election. In the event we receive an external transfer after this 45 day time period, it will be deposited
to the deposit period in effect at the time we receive the external transfer, and will earn the guaranteed interest rate
for that guaranteed term. Only one rate lock may be in effect at one time per contract – once a rate lock has been
elected, that rate lock will apply to all external transfers received during that 45 day period, and you may not elect
to begin a new rate lock period during that 45 day period.
Amounts subject to the rate lock will not be deposited until the external transfer has been received, and will not be
credited interest until deposited. This could result in the deposit being credited interest for a shorter term than if a
rate lock had not been elected. The cost of providing a rate lock may be a factor we consider when determining
the guaranteed interest rate for a deposit period, which impacts the guaranteed interest rate for all investors in that
guaranteed term.
PRO.GAA-11
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Maturity of a Guaranteed Term
At least 18 calendar days prior to the maturity of a guaranteed term, we will
notify the contract holder or you, if applicable, of the upcoming deposit
period, the projected value of the amount maturing at the end of the
guaranteed term, and the guaranteed interest rate(s) and guaranteed term(s)
available for the current deposit period.
When a guaranteed term matures, the amounts in any maturing guaranteed
term may be:
·
Transferred to one or more new guaranteed terms available under the
current deposit period;
·
Transferred to other available investment options; or
·
Withdrawn from the contract.
We do not apply an MVA to amounts transferred or surrendered from a
guaranteed term on the date the guaranteed term matures. Amounts
withdrawn, however, may be subject to an early withdrawal charge, a
maintenance fee, taxation, and tax penalties. If we have not received direction
from the contract holder or you, if applicable, by the maturity date of a
guaranteed term, we will automatically transfer the matured value to one of
the following:
·
For contracts distinguishing between short- and long-term classifications,
we will generally transfer the amount maturing to the available deposit
period for the guaranteed term having the shortest maturity within the
same classification, though it may be different than the maturing term; or
·
For contracts that do not distinguish between short- and long-term
classifications, we will generally transfer the maturing amount as
follows:
>
To a guaranteed term of the same duration, if available;
>
To a guaranteed term with the next shortest duration, if available; or
>
To a guaranteed term with the next longest duration.
The contract holder or you, if applicable, will receive a confirmation
statement, plus information on the new guaranteed interest rate(s) and
guaranteed terms.
Maturity Value Transfer Provision
Business Day—
any
day on which the
If we automatically reinvest the proceeds from a matured guaranteed term,
New York Stock
the contract holder or you, if applicable, may transfer or withdraw from
Exchange is open.
GAA the amount that was reinvested without an MVA. An early withdrawal
charge and maintenance fee may apply to withdrawals. If the full amount
reinvested is transferred or withdrawn, we will include interest credited to
the date of the transfer or withdrawal. This provision is only available until
the last business day of the month following the maturity date of the prior
guaranteed term. This provision only applies to the first transfer or
withdrawal request received from the contract holder or you, if applicable,
with respect to a particular matured guaranteed term value, regardless of the
amount involved in the transaction.
PRO.GAA-11
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Transfers
We allow the contract holder or you, if applicable, to transfer all or a portion of your account value to GAA or to
other investment options under the contract. We do not allow transfers from any guaranteed term to any other
guaranteed term or investment option during the deposit period for that guaranteed term or for 90 days following
the close of that deposit period, except for amounts transferred under the maturity value transfer provision.
We do not apply an MVA to the value transferred upon maturity of a guaranteed term nor for values transferred
under the maturity value transfer provision. We do not count either of these types of transfers as one of the 12 free
transfers allowed per calendar year by those contracts allowing only 12 free transfers. Transfers to other
investment options through the contract may be subject to limits on frequent or disruptive transfers or limits
imposed by the underlying funds. See the "Transfers" and "Investment Options" sections of your contract
prospectus.
When the contract holder or you, if applicable, requests the transfer of a specific dollar amount, we account for
any applicable MVA in determining the amount to be withdrawn from a guaranteed term(s) to fulfill the request.
Therefore, the amount we actually withdraw from the guaranteed term(s) may be more or less than the requested
dollar amount. See "Appendix I" for an example. For more information on transfers, see the contract prospectus.
Transfers From GAA
For contracts that do not distinguish between short- and long-term classifications, the contract holder or you, if
applicable, may choose the guaranteed term from which funds will first be withdrawn. If there is more than one
guaranteed term of the same duration, we will withdraw funds starting from the oldest guaranteed term that has
not reached maturity.
If we do not receive direction, we will withdraw funds pro rata from each guaranteed term in which you are
invested. If there is more than one guaranteed term of the same duration, we will withdraw funds starting from the
oldest guaranteed term that has not reached maturity.
For contracts that distinguish between short- and long-term classifications, the contract holder or you, if
applicable, may choose the guaranteed term classification from which funds will be first withdrawn. We will
withdraw funds starting from the oldest guaranteed term that has not reached maturity within the classification
chosen.
If we do not receive direction, we will withdraw funds pro rata from the guaranteed term classifications, starting
with the oldest guaranteed term that has not reached maturity, and any other investment options.
We will apply an MVA to transfers made before the end of a guaranteed term. See "Market Value Adjustment."
Transfers Between Guaranteed Term Classifications
(For contracts that distinguish between short-term and long-term classifications only)
The contract holder or you, if applicable, may transfer amounts from short-term guaranteed terms to available
long-term guaranteed terms of the current deposit period, or from long-term guaranteed terms to available short-
term guaranteed terms of the current deposit period.
For example, funds may be transferred from a three-year guaranteed term (any time after 90 days from the close
of the deposit period applicable to that three-year guaranteed term) to the open deposit period of a seven-year
guaranteed term.
PRO.GAA-11
10
Funds will be first transferred from the oldest deposit period for which the guaranteed term has not reached
maturity and we will assess an MVA on the transferred amount. These transfers are counted toward the 12 free
transfers allowed per calendar year by those contracts allowing only 12 free transfers.
We do not permit the transfer of value from one guaranteed term prior to its maturity to another guaranteed term
within the same classification. For example, we do not permit transfers from one-year to three-year, one-year to
one-year, five-year to seven-year, or ten-year to seven-year guaranteed terms.
Withdrawals
The contract allows for full or partial withdrawals from GAA at any time during the accumulation phase. To make
a full or partial withdrawal, a request form (available from us) must be properly completed and submitted to our
Home Office (or other designated office as provided in the contract).
Partial withdrawals are made pro rata from funding options unless the contract holder or you, if applicable,
request otherwise. For contracts that do not distinguish between short- and long-term classifications, each
guaranteed term is considered a separate funding option for the purpose of a partial withdrawal.
The contract holder or you, if applicable, may choose the guaranteed term from which funds will be withdrawn. If
there is more than one guaranteed term of the same duration, we will withdraw funds starting from the oldest
guaranteed term that has not reached maturity. If no guaranteed term is elected, we will withdraw funds pro rata
from each guaranteed term in which you are invested.
For contracts distinguishing between short- and long-term classifications, each guaranteed term classification is
considered a separate funding option for the purpose of a partial withdrawal. The contract holder or you, if
applicable, may elect to take a partial withdrawal from either guaranteed term classification. We will first
withdraw funds from the oldest guaranteed term that has not reached maturity within the chosen classification. If
no guaranteed term classification is elected, we will withdraw funds pro rata from each classification (starting
with the oldest guaranteed term that has not reached maturity) and other funding options.
We may apply an MVA to withdrawals made prior to the end of a guaranteed term, except for withdrawals made
under the maturity value transfer provision. See "Market Value Adjustment." We may deduct an early withdrawal
charge and a maintenance fee depending upon the terms of the contract. The early withdrawal charge is a deferred
sales charge that may be deducted upon withdrawal to reimburse us for some of the sales and administrative
expenses associated with the contract. A maintenance fee up to $50 may be deducted pro rata from each of the
funding options, including GAA. Refer to the contract prospectus for a description of these fees. When a request
for a partial withdrawal of a specific dollar amount is made, we will include the MVA in determining the amount
to be withdrawn from the guaranteed term(s) to fulfill the request. Therefore, the amount we actually take from
the guaranteed term(s) may be more or less than the dollar amount requested. See "Appendix I" for an example.
Deferral of Payments
Under certain emergency conditions, we may defer payment of a GAA withdrawal for up to six months. Refer to
the contract prospectus for more details.
Reinvestment Privilege
If allowed by the contract, the contract holder or you, if applicable, may elect to reinvest all or a portion of a full
withdrawal during the 30 days following such a withdrawal. We must receive amounts for reinvestment within 60
days of the withdrawal.
We will apply reinvested amounts to the current deposit period. This means that the guaranteed annual interest
rate and guaranteed terms available on the date of reinvestment will apply. Amounts are reinvested in the
guaranteed term classifications, where applicable, in the same proportion as prior to the full withdrawal. Any
negative MVA we applied to a withdrawal will not be refunded, and any taxes that were withheld may also not be
refunded. Refer to the contract prospectus for further details.
PRO.GAA-11
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Market Value Adjustment (MVA)
Aggregate MVA
is the total of
We apply an MVA to amounts transferred or withdrawn from GAA prior to
all MVAs applied due to a
the end of a guaranteed term. To accommodate early withdrawals or
transfer or withdrawal.
transfers, we may need to liquidate certain assets or use cash that could
otherwise be invested at current interest rates. When we sell assets
Calculation of the Aggregate
prematurely we could realize a profit or loss depending upon market
MVA—
In order to satisfy a
conditions.
transfer or withdrawal,
amounts may be withdrawn
The MVA reflects changes in interest rates since the deposit period. When
from more than one guaranteed
interest rates increase after the deposit period, the value of the investment
term, with more than one
decreases and the market value adjustment amount may be negative.
guaranteed interest rate. In
Conversely, when interest rates decrease after the deposit period, the value of
order to determine the MVA
the investment increases and the market value adjustment amount may be
applicable to such a transfer or
positive. Therefore, the application of an MVA may increase or decrease the
withdrawal, the MVAs
amount withdrawn from a guaranteed term to satisfy a withdrawal or transfer
applicable to
each guaranteed
request.
term
will be added
together, in order to determine
An MVA applied to a withdrawal or transfer from GAA will be calculated as
the "aggregate MVA."
an "aggregate MVA," which is the sum of all MVAs applicable due to the
withdrawal. See the sidebar on this page for an example of the calculation of
Example:
$1,000 withdrawal,
the aggregate MVA. The following withdrawals will be subject to an
two guaranteed terms.
aggregate MVA only if it is positive:
·
Withdrawals due to the election of a lifetime income option; and
MVA1 = $10, MVA2 = - $30
·
Withdrawals due to the death of the participant (if paid within the first
$10 + - $30 = - $20.
six months following death). For certain contracts issued in the state of
Aggregate MVA = - $20.
New York, this provision also applies in the event of disability, as
defined in the contract.
Example:
$1,000 withdrawal,
two guaranteed terms.
All other withdrawals will be subject to an aggregate MVA, regardless of
whether it is positive or negative, including:
MVA1 = $30, MVA2 = - $10
·
Withdrawals due to the election of a nonlifetime income option;
$30 + - $10 = $20.
·
Payments due to the death of the participant, if paid more than six
Aggregate MVA = $20.
months following death (or disability, if applicable under your contract);
and
·
Full or partial withdrawals during the accumulation phase (except for
withdrawals at the end of a guaranteed term or pursuant to the maturity
value transfer provision). See "Maturity of a Guaranteed Term" and
"Maturity Value Transfer Provision."
Should two or more consecutive guaranteed terms have the same guaranteed
interest rate and mature on the same date, we will calculate an MVA
applicable to each. We will apply the MVA that is more favorable to you to
any withdrawal or transfer from either guaranteed term prior to their
maturity.
Under some contracts, election of a systematic distribution option, as
described in the contract prospectus, will not result in an MVA being applied
to amounts withdrawn from GAA.
Under certain contracts that guarantee a death benefit equal to the greater of
the "adjusted purchase total" or the current account value (excluding loans),
the calculation of the current account value will include the aggregate MVA
only if it is positive, regardless of whether the death benefit is paid within
six months following death. See the "Death Benefit" section of the contract
prospectus. Under some of these contracts, an election to defer payment of
the death benefit will result in the application of the aggregate MVA,
whether positive or negative, when the beneficiary elects to begin
distribution of the death benefit.
PRO.GAA-11
12
Calculation of the MVA
There are two methods for calculating the MVA, and the method that applies to you will be set forth in your contact.
You should check your contract to see which method of calculating the MVA applies to you.
Method One.
For contracts that use Method One to calculate the MVA, the amount of the MVA depends on the
relationship between:
·
The average corporate bond yield (US Treasury Rate plus spread over Treasury) of the month of deposit for the
corresponding guaranteed term; and
·
The current corporate bond yield (US Treasury Rate plus spread over Treasury) at the time of withdrawal for a
period equal to the remainder of the guaranteed term.
If the current corporate bond yield at the time of withdrawal is less than the average corporate bond yield of the
month of deposit, the MVA will decrease the amount withdrawn from a guaranteed term to satisfy a transfer or
withdrawal request (the MVA will be positive). If the current corporate bond yield at the time of withdrawal is
greater than the average corporate bond yield of the month of deposit, the MVA will increase the amount withdrawn
from a guaranteed term (the MVA will be negative).
Method Two
.
For contracts that do not use Method One to calculate the MVA, the amount of the MVA depends on
the relationship between:
·
The deposit period yield of U.S. Treasury Notes that will mature in the last quarter of the guaranteed term; and
·
The current yield of such U.S. Treasury Notes at the time of withdrawal.
If the current yield is less than the deposit period yield, the MVA will decrease the amount withdrawn from a
guaranteed term to satisfy a transfer or withdrawal request (the MVA will be positive). If the current yield is greater
than the deposit period yield, the MVA will increase the amount withdrawn from a guaranteed term (the MVA will
be negative).
Deposit Period Yield
.
We determine the deposit period yield used in the MVA calculation by considering
interest rates prevailing during the deposit period of the guaranteed term from which the transfer or withdrawal
will be made. First, we identify the Treasury Notes that mature in the last three months of the guaranteed term.
Then, we determine their yield-to-maturity percentages for the last business day of each week in the deposit
period. We then average the resulting percentages to determine the deposit period yield. Treasury Note
information may be found each business day in publications such as the Wall Street Journal which publishes the
yield-to-maturity percentages for all Treasury Notes as of the preceding business day.
Current Yield.
We use the same Treasury Notes identified for the deposit period yield to determine the
current yield—Treasury Notes that mature in the last three months of the guaranteed term. However, we use the
yield-to-maturity percentages for the last business day of the week preceding the withdrawal and average those
percentages to get the current yield.
PRO.GAA-11
13
MVA Formulas
Method One.
The mathematical formula used to determine the MVA using Method One is:
x
{
(1
(1
+
+
b
a
+
+
j
)
i
)
}
365
Where:
a
is the average of the US Treasury Rate in effect on the first four Fridays of the month of deposit for the
corresponding guaranteed term;
b
is the US Treasury Rate in effect on the withdrawal date (based on the previous Friday) for a period equal to the
remainder of the guaranteed term;
i
is the average of the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a
similar service will be utilized) in effect on the first four Fridays of the month of deposit for the corresponding
guaranteed term;
j
is the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a similar service
will be utilized) in effect on the withdrawal date (based on the previous Friday) for a period equal to the remainder
of the guaranteed term; and
x
is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed term.
Method Two.
The mathematical formula used to determine the MVA using Method Two is:
x
{
(1
(1
+
+
j
)
i
)
}
365
where
i
is the deposit period yield;
j
is the current yield; and
x
is the number of days remaining (computed from
Wednesday of the week of withdrawal) in the guaranteed term.
For examples of how we calculate MVA, refer to Appendix I.
We make an adjustment in the formula of the MVA to reflect the period of time remaining in the guaranteed term
from the Wednesday of the week of a withdrawal.
PRO.GAA-11
14
Contract Charges
Certain charges may be deducted directly or indirectly from the funding options available under the contract,
including GAA.
The contract may have a maintenance fee of up to $50 that we will deduct, on an annual basis, pro rata from all
funding options including GAA. We may also deduct a maintenance fee upon full withdrawal of a contract.
The contract may have an early withdrawal charge that we will deduct, if applicable, upon a full or partial
withdrawal from the contract. If the withdrawal occurs prior to the maturity of a guaranteed term, both the early
withdrawal charge and an MVA may be assessed.
We do not deduct mortality and expense risk charges and other asset-based charges that may apply to variable
funding options from GAA. These charges are only applicable to the variable funding options.
We may deduct a charge for premium taxes of up to 4% from amounts in GAA, and, under some contracts, front
end sales charges of up to 6%.
Under certain contracts, we reserve the right to charge $10 for each transfer of accumulated value between
available investment options over 12.
Refer to the contract prospectus for further details on contract charges.
Other Topics
Anti-Money Laundering
In order to protect against the possible misuse of our products in money laundering or terrorist financing, we have
adopted an anti-money laundering program satisfying the requirements of the USA PATRIOT Act and other current
anti-money laundering laws. Among other things, this program requires us, our agents and customers to comply with
certain procedures and standards that will allow us to verify the identity of the sponsoring organization and that
contributions and loan repayments are not derived from improper sources.
Under our anti-money laundering program, we may require customers, and/or beneficiaries to provide sufficient
evidence of identification, and we reserve the right to verify any information provided to us by accessing
information databases maintained internally or by outside firms.
We may also refuse to accept certain forms of payments or loan repayments (traveler's cheques, cashier's checks,
bank drafts, bank checks and treasurer's checks, for example) or restrict the amount of certain forms of payments or
loan repayments (money orders totaling more than $5,000.00, for example). In addition, we may require information
as to why a particular form of payment was used (third party checks, for example) and the source of the funds of
such payment in order to determine whether or not we will accept it. Use of an unacceptable form of payment may
result in us returning the payment to you.
Applicable laws designed to prevent terrorist financing and money laundering might, in certain
circumstances, require us to block certain transactions until authorization is received from the appropriate
regulator. We may also be required to provide additional information about you and your policy to
government regulators.
Our anti-money laundering program is subject to change without notice to take account of changes in applicable
laws or regulations and our ongoing assessment of our exposure to illegal activity.
PRO.GAA-11
15
The Company
ING Life Insurance and Annuity Company (the Company, we, us, our) is a direct, wholly owned subsidiary of
Lion Connecticut Holdings Inc.
We are a stock life insurance company organized under the insurance laws of the State of Connecticut in 1976 and
an indirect wholly owned subsidiary of ING Groep N.V. ("ING"), a global financial institution active in the fields
of insurance, banking and asset management. Through a merger, our operations include the business of Aetna
Variable Annuity Life Insurance Company (formerly known as Participating Annuity Life Insurance Company, an
Arkansas life insurance company organized in 1954). Prior to January 1, 2002, the Company was known as Aetna
Life Insurance and Annuity Company.
Our principal executive offices are located at:
One Orange Way
Windsor, Connecticut 06095-4774
Income Phase
GAA may not be used as a funding option during the income phase. Amounts invested in guaranteed terms must
be transferred to one or more of the options available to fund income payments before income payments can
begin.
An aggregate MVA, as previously described, may be applied to amounts transferred to fund income payments
before the end of a guaranteed term. Amounts used to fund lifetime income payments will only receive an
aggregate MVA to the extent it is positive; however amounts transferred to fund a nonlifetime income payment
option may be subject to either a positive or negative aggregate MVA.
Refer to the contract prospectus for a further discussion of the income phase.
Contract Loans
(403(b) and some 457 and 401(a) Plans Only)
The contract holder or you, if applicable, may not take a loan from amounts held in GAA, but we include amounts
invested in GAA when calculating the account value that determines the amount available for a loan. Amounts
held in GAA must be transferred to a funding option available for loans in order to be received as a loan. Refer to
the contract prospectus for more information on contract loans. We will apply an MVA to amounts transferred
from guaranteed terms due to a loan request.
Investments
Amounts applied to GAA will be deposited in a nonunitized separate account established under Connecticut law.
A nonunitized separate account is a separate account in which neither the contract holder nor you participate in the
performance of the assets through unit values or any other interest. Contract holders and participants allocating
funds to the nonunitized separate account do not receive a unit value of ownership of assets accounted for in this
separate account. The risk of investment gain or loss is borne entirely by the Company. All Company obligations
due to allocations to the nonunitized separate account are contractual guarantees of the Company and are
accounted for in the separate account. All of the general assets of the Company are available to meet our
contractual guarantees. To the extent provided for in the applicable contract, the assets of the nonunitized separate
account are not chargeable with liabilities resulting from any other business of the Company. Income, gains and
losses of the separate account are credited to or charged against the separate account without regard to other
income, gains or losses of the Company.
PRO.GAA-11
16
Types of Investments.
We intend to invest primarily in investment-grade fixed income securities including:
·
Securities issued by the United States Government;
·
Issues of U.S. Government agencies or instrumentalities (these issues may or may not be guaranteed by the
United States Government);
·
Debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned
by Moody's Investors Services, Inc. (Aaa, Aa, A or Baa), Standard & Poor's Corporation (AAA, AA, A or
BBB) or any other nationally recognized rating service;
·
Other debt instruments, including those issued or guaranteed by banks or bank holding companies, and of
corporations, which although not rated by Moody's, Standard & Poor's, or other nationally recognized rating
services, are deemed by the Company's management to have an investment quality comparable to securities
that may be purchased as stated above; or
·
Commercial paper, cash or cash equivalents, and other short-term investments having a maturity of less than
one year that are considered by the Company's management to have investment quality comparable to
securities, which may be purchased as stated above.
We may invest in futures and options. We purchase financial futures, related options and options on securities
solely for non-speculative hedging purposes. Should securities prices be expected to decline, we may sell a futures
contract or purchase a put option on futures or securities to protect the value of securities held in or to be sold for
the nonunitized separate account. Similarly, if securities prices are expected to rise, we may purchase a futures
contract or a call option against anticipated positive cash flow or may purchase options on securities.
We are not obligated to invest the assets attributable to the contracts according to any particular strategy,
except as required by Connecticut and other state insurance laws. The guaranteed interest rates established
by the Company may not necessarily relate to the performance of the nonunitized separate account.
Distribution of Contracts
The Company's subsidiary, ING Financial Advisers, LLC serves as the principal underwriter for the variable
annuity contracts that include GAA as an investment option. ING Financial Advisers, LLC, a Delaware limited
liability company, is registered as a broker-dealer with the Securities and Exchange Commission. ING Financial
Advisers, LLC is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities
Investor Protection Corporation. ING Financial Advisers, LLC's principal office is located at One Orange Way,
Windsor, Connecticut 06095-4774.
As principal underwriter, ING Financial Advisers, LLC may enter into arrangements with one or more registered
broker-dealers to offer and sell the contracts. We and our affiliate(s) may also sell the contracts directly. All
individuals offering and selling the contracts must be registered representatives of a broker-dealer and must be
licensed as insurance agents to sell variable annuity contracts. For additional information, see the contract
prospectus.
Taxation
You should seek advice from your tax adviser as to the application of federal (and where applicable, state and
local) tax laws to amounts paid to or distributed under the contracts. Refer to the applicable contract prospectus
for a further discussion of tax considerations.
Taxation of the Company.
We are taxed as a life insurance company under Part I of Subchapter L of the Internal
Revenue Code. The Company owns all assets supporting the contract obligations of GAA. Any income earned on
such assets is considered income to the Company. We do not intend to make any provision or impose a charge
under the contracts with respect to any tax liability of the Company.
Taxation of Payments and Distributions.
For information concerning the tax treatment of payments to and
distributions from the contracts, please refer to the applicable contract prospectus.
PRO.GAA-11
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Experts
The consolidated financial statements of the Company appearing in the Company's Annual Report on Form 10-K
for the year ended December 31, 2010 (including schedules appearing therein), have been audited by Ernst & Young
LLP, independent registered public accounting firm, as stated in their reports, which are incorporated by reference,
and incorporated in reliance upon the reports of such firm given upon their authority as experts in accounting and
auditing.
Legal Matters
For information regarding legal matters affecting the Company or the distributor of the variable annuity contracts,
please refer to the applicable contract prospectus.
Further Information
This prospectus does not contain all of the information contained in the registration statement of which this
prospectus is a part. Portions of the registration statement have been omitted from this prospectus as allowed by the
Securities and Exchange Commission (SEC). You may obtain the omitted information from the offices of the SEC,
as described below.
We are required by the Securities Exchange Act of 1934 to file periodic reports and other information with the SEC.
You may inspect or copy information concerning the Company at the Public Reference Branch of the SEC at:
SEC Public Reference Branch
100 F Street, NE, Room 1580
Washington, D.C. 20549
You may also obtain copies of these materials at prescribed rates from the Public Reference Branch of the above
office. You may obtain information on the operation of the Public Reference Branch by calling the SEC at either 1-
800-SEC-0330 or 1-202-551-8090 or by e-mailing publicinfo@sec.gov. You may also find more information about
the Company by visiting the Company's homepage on the internet at www.ingretirementplans.com.
Our filings are available to the public on the SEC's website at www.sec.gov. We also make our filings available on
our website at www.ing-usa.com/us/aboutING/inginsuraneusfinancialreports. (These uniform resource locators
(URLs) are inactive textual references only and are not intended to incorporate the SEC website or our website into
this prospectus.) When looking for more information about the contract, you may find it useful to use the number
assigned to the registration statement under the Securities Act of 1933. This number is 333-158492.
You can also find this prospectus and other information the Company files electronically with the SEC on the SEC's
web site at http://www.sec.gov.
Incorporation of Certain Documents by Reference
The SEC allows us to "incorporate by reference" information that we file with the SEC into this prospectus, which
means that incorporated documents are considered part of this prospectus. We can disclose important information
to you by referring you to those documents. This prospectus incorporates by reference the Annual Report on
Form 10-K for the year ended December 31, 2010. Form 10-K contains additional information about the Company
and includes certified financial statements as of December 31, 2010 and 2009, and for each of the three years in the
period ended December 31, 2010. We were not required to file any other reports pursuant to Sections 13(a) or 15(d)
of the Securities and Exchange Act since December 31, 2010.
PRO.GAA-11
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You may request a free copy of any documents incorporated by reference in this prospectus (including any exhibits
that are specifically incorporated by reference in them). Please direct your request to:
ING Life Insurance and Annuity Company
Customer Service Center
One Orange Way
Windsor, CT 06095-4774
1-800-262-3862
Inquiries
You may contact us directly by writing or calling to us at the address or phone number shown above.
PRO.GAA-11
19
Appendix I
Examples of Market Value Adjustment Calculations
The following are examples of market value adjustment ("MVA") calculations using several hypothetical
yields, applicable to contracts that use Method One to calculate the MVA.
These examples do not include the
effect of any early withdrawal charge or other fees that may be assessed under the contract upon withdrawal.
EXAMPLE I
a
is the average of the US Treasury Rate in effect on the first four Fridays of the month of deposit for the
corresponding guaranteed term;
b
is the US Treasury Rate in effect on the withdrawal date (based on the previous Friday) for a period equal to the
remainder of the guaranteed term;
i
is the average of the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a
similar service will be utilized) in effect on the first four Fridays of the month of deposit for the corresponding
guaranteed term;
j
is the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a similar service
will be utilized) in effect on the withdrawal date (based on the previous Friday) for a period equal to the remainder
of the guaranteed term; and
x
is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed term.
Assumptions:
Assumptions:
a
= 3%
a
= 4%
i
= 1%
i
= 1%
b
= 5%
b
= 5%
j
= 1%
j
= 1%
x
= 927
x
= 927
x
x
MVA
=
{
(1
(1
+
+
b
a
+
+
j
)
i
)
}
365
MVA =
{
(1
(1
+
+
b
a
+
+
j
)
i
)
}
365
927
927
{
(1.04
)
}
365
{
(1.05
)
}
365
MVA
=
(1.06
)
MVA =
(1.06
)
= .9528
= .9762
In this example, the average corporate bond yield of the
In this example, the average corporate bond yield
month of deposit (a + i) of 4% is less than the current
of the month of deposit (a + i) of 5% is less than
corporate bond yield at the time of withdrawal (b + j) of
the current corporate bond yield at the time of
6%; therefore, the MVA is less than one. The amount
withdrawal (b + j) of 6%; therefore, the MVA is
withdrawn from the guaranteed term is multiplied by
less than one. The amount withdrawn from the
this MVA.
guaranteed term is multiplied by this MVA.
If a withdrawal or transfer request of a specific dollar
If a withdrawal or transfer request of a specific
amount is requested, the amount withdrawn from a
dollar amount is requested, the amount
guaranteed term will be increased to compensate for the
withdrawn
from a guaranteed term will be
negative MVA amount. For example, a withdrawal
increased to compensate for the negative MVA
request to receive a check for $2,000 would result in a
amount. For example, a withdrawal request to
$2,099.08 withdrawal from the guaranteed term.
receive a check for $2,000 would result in a
$2,048.76 withdrawal from the guaranteed term.
PRO.GAA-11
20
EXAMPLE II
a
is the average of the US Treasury Rate in effect on the first four Fridays of the month of deposit for the
corresponding guaranteed term;
b
is the US Treasury Rate in effect on the withdrawal date (based on the previous Friday) for a period equal to the
remainder of the guaranteed term;
i
is the average of the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a
similar service will be utilized) in effect on the first four Fridays of the month of deposit for the corresponding
guaranteed term;
j
is the spread over Treasury on the Barclays US Corporate Investment Grade Index (if unavailable a similar service
will be utilized) in effect on the withdrawal date (based on the previous Friday) for a period equal to the remainder
of the guaranteed term; and
x
is the number of days remaining, (computed from Wednesday of the week of withdrawal) in the guaranteed term.
Assumptions:
Assumptions:
a
= 5%
a
= 4%
i
= 1%
i
= 1%
b
= 3%
b
= 3%
j
= 1%
j
= 1%
x
= 927
x
= 927
x
x
MVA
=
{
(1
(1
+
+
b
a
+
+
j
)
i
)
}
365
MVA =
{
(1
(1
+
+
b
a
+
+
j
)
i
)
}
365
927
927
{
(1.06
)
}
365
{
(1.05
)
}
365
MVA
=
(1.04
)
MVA =
(1.04
)
= 1.0496
= 1.0246
In this example, the average corporate bond yield of the
In this example, the average corporate bond yield
month of deposit (a + i) of 6% is greater than the current
of the month of deposit (a + i) of 5% is greater
corporate bond yield at the time of withdrawal (b + j) of
than the current corporate bond yield at the time
4%; therefore, the MVA is greater than one. The amount
of withdrawal (b + j) of 4%; therefore, the MVA
withdrawn from the guaranteed term is multiplied by
is greater than one. The amount withdrawn from
this MVA.
the guaranteed term is multiplied by this MVA.
If a withdrawal or transfer request of a specific dollar
If a withdrawal or transfer request of a specific
amount is requested, the amount withdrawn from a
dollar amount is requested, the amount
guaranteed term will be decreased to reflect the positive
withdrawn from a
guaranteed term will be
MVA amount. For example, a withdrawal request to
decreased to reflect the positive MVA amount.
receive a check for $2,000 would result in a $1,905.49
For example, a withdrawal request to receive a
withdrawal from the guaranteed term.
check for $2,000 would result in a $1,951.98
withdrawal from the guaranteed term.
PRO.GAA-11
21
The following are examples of market value adjustment ("MVA") calculations using several hypothetical
deposit period yields and current yields, applicable to contracts that use Method Two to calculate the MVA.
These examples do not include the effect of any early withdrawal charge or other fees that may be assessed under
the contract upon withdrawal.
EXAMPLE I
Assumptions:
Assumptions:
i,
the deposit period yield, is 4%
i,
the deposit period yield, is 5%
j,
the current yield, is 6%
j,
the current yield, is 6%
x,
the number of days remaining (computed from
x,
the number of days remaining (computed from
Wednesday of the week of withdrawal) in the
Wednesday of the week of withdrawal) in the
guaranteed term, is 927.
guaranteed term, is 927.
x
x
365
365
(1 +
i
)
(1 +
i
)
MVA
=
{
(1
+
j
)
}
MVA
=
{
(1
+
j
)
}
927
927
365
365
(1.04
)
(1.05
)
MVA
=
{
(1.06
)
}
MVA
=
{
(1.06
)
}
= .9528
= .9762
In this example, the deposit period yield of 4% is less
In this example, the deposit period yield of 5% is
than the current yield of 6%; therefore, the MVA is less
less than the current yield of 6%; therefore, the
than one. The amount withdrawn from the guaranteed
MVA is less than one. The amount withdrawn
term is multiplied by this MVA.
from the guaranteed term is multiplied by this
MVA.
If a withdrawal or transfer request of a specific dollar
amount
is requested, the amount withdrawn from a
If a withdrawal or transfer request of a specific
guaranteed term will be increased to compensate for the
dollar
amount is requested, the amount
negative MVA amount. For example, a withdrawal
withdrawn from a guaranteed term will be
request to receive a check for $2,000 would result in a
increased to compensate for the negative MVA
$2,099.08 withdrawal from the guaranteed term.
amount. For example, a withdrawal request to
receive a check for $2,000 would result in a
$2,048.76 withdrawal from the guaranteed term.
PRO.GAA-11
22
EXAMPLE II
Assumptions:
Assumptions:
i,
the deposit period yield, is 6%
i,
the deposit period yield, is 5%
j,
the current yield, is 4%
j,
the current yield, is 4%
x,
the number of days remaining (computed from
x,
the number of days remaining (computed from
Wednesday of the week of withdrawal) in the
Wednesday of the week of withdrawal) in the
guaranteed term, is 927.
guaranteed term, is 927.
x
x
365
365
(1 +
i
)
(1 +
i
)
MVA
=
{
(1
+
j
)
}
MVA
=
{
(1
+
j
)
}
927
927
365
365
(1.06
)
(1.05
)
MVA
=
{
(1.04
)
}
MVA
=
{
(1.04
)
}
= 1.0496
= 1.0246
In this example, the deposit period yield of 6% is
In this example, the deposit period yield of 5% is
greater than the current yield of 4%; therefore, the
greater than the current yield of 4%; therefore,
MVA is greater than one. The amount withdrawn from
the
MVA
is greater
than one. The
amount
the guaranteed term is multiplied by this MVA.
withdrawn
from the
guaranteed
term is
multiplied by this MVA.
If a withdrawal or transfer request of a specific dollar
amount is requested, the amount withdrawn from a
If a withdrawal or transfer request of a specific
guaranteed term will be decreased to reflect the
dollar amount is requested, the
amount
positive MVA amount. For example, a withdrawal
withdrawn from a guaranteed term will be
request to receive a check for $2,000 would result in a
decreased to reflect the positive MVA amount.
$1,905.49 withdrawal from the guaranteed term.
For example, a withdrawal request to receive a
check for $2,000 would result in a $1,951.98
withdrawal from the guaranteed term.
PRO.GAA-11
23
Appendix II
Examples of Market Value Adjustment at Various Yields
The following hypothetical examples show the market value adjustment ("MVA") at time of withdrawal for various
times remaining in the guaranteed term, based on:
·
Method One, which uses the current and average corporate bond yields (US Treasury Rate plus spread over
Treasury) in the MVA calculations; and
·
Method Two, which uses the current and deposit period yields in the MVA calculations,
Table A illustrates the application of the market value adjustment based on an average corporate bond yield or
deposit period yield of the month of deposit of 6%; Table B illustrates the application of the market value
adjustment based on an average corporate bond yield or deposit period yield of the month of deposit of 5%. The
market value adjustment will have either a positive or negative influence on the amount withdrawn from or
remaining in a guaranteed term. Also, the amount of the market value adjustment generally decreases as the end of
the guaranteed term approaches.
TABLE A: Average Corporate Bond Yield or Deposit Period Yield of the Month of Deposit of 6%
Change in
Current
Average
Corporate
Corporate
Bond Yield
Bond Yield or
or Current
Deposit
Yield at
Period Yield
Time of
of the Month
Time Remaining to
Withdrawal
of Deposit
Maturity of Guaranteed Term
3 Months
8 Years
6 Years
4 Years
2 Years
1 Year
9%
+3%
80.0%
84.6%
89.4%
94.6%
97.2%
99.3%
8%
+2%
86.1%
89.4%
92.8%
96.3%
98.1%
99.5%
7%
+1%
92.8%
94.5%
96.3%
98.1%
99.1%
99.8%
6%
0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
4%
-2%
116.5%
112.1%
107.9%
103.9%
101.9%
100.5%
3%
-3%
125.8%
118.8%
112.2%
105.9%
102.9%
100.7%
2%
-4%
136.0%
126.0%
116.6%
108.0%
103.9%
101.0%
1%
-5%
147.2%
133.6%
121.3%
110.1%
105.0%
101.2%
TABLE B: Average Corporate Bond Yield or Deposit Period Yield of the Month of Deposit of 5%
Change in
Current
Average
Corporate
Corporate
Bond Yield
Bond Yield or
or Current
Deposit
Yield at
Period Yield
Time of
of the Month
Time Remaining to
Withdrawal
of Deposit
Maturity of Guaranteed Term
8 Years
6 Years
2 Years
1 Year
3 Months
4 Years
9%
+4%
74.1%
79.9%
86.1%
92.8%
96.3%
99.1%
8%
+3%
79.8%
84.4%
89.3%
94.5%
97.2%
99.3%
7%
+2%
86.0%
89.3%
92.7%
96.3%
98.1%
99.5%
6%
+1%
92.7%
94.5%
96.3%
98.1%
99.1%
99.8%
4%
-1%
108.0%
105.9%
103.9%
101.9%
101.0%
100.2%
3%
-2%
116.6%
112.2%
108.0%
103.9%
101.9%
100.5%
2%
-3%
126.1%
119.0%
112.3%
106.0%
102.9%
100.7%
1%
-4%
136.4%
126.2%
116.8%
108.1%
104.0%
101.0%
PRO.GAA-11
24
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 13. Other Expenses of Issuance and Distribution
Not Applicable
Item 14. Indemnification of Directors and Officers
Section 33-779 of the Connecticut General Statutes ("CGS") provides that a corporation may
provide indemnification of or advance expenses to a director, officer, employee or agent only as
permitted by Sections 33-770 to 33-778, inclusive, of the CGS. Reference is hereby made to
Section 33-771(e) of the CGS regarding indemnification of directors and Section 33-776(d) of
CGS regarding indemnification of officers, employees and agents of Connecticut corporations.
These statutes provide in general that Connecticut corporations incorporated prior to January 1,
1997 shall, except to the extent that their certificate of incorporation expressly provides
otherwise, indemnify their directors, officers, employees and agents against "liability" (defined
as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed
with respect to an employee benefit plan, or reasonable expenses incurred with respect to a
proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking
indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has
determined that indemnification is appropriate pursuant to Section 33-774. Under Section 33-
775, the determination of and the authorization for indemnification are made (a) by two or more
disinterested directors, as defined in Section 33-770(3); (b) by special legal counsel; (c) by the
shareholders; or (d) in the case of indemnification of an officer, agent or employee of the
corporation, by the general counsel of the corporation or such other officer(s) as the board of
directors may specify. Also, Section 33-772 with Section 33-776 provide that a corporation shall
indemnify an individual who was wholly successful on the merits or otherwise against
reasonable expenses incurred by him in connection with a proceeding to which he was a party
because he is or was a director, officer, employee, or agent of the corporation. Pursuant to
Section 33-771(d), in the case of a proceeding by or in the right of the corporation or with
respect to conduct for which the director, officer, agent or employee was adjudged liable on the
basis that he received a financial benefit to which he was not entitled, indemnification is limited
to reasonable expenses incurred in connection with the proceeding against the corporation to
which the individual was named a party.
A corporation may procure indemnification insurance on behalf of an individual who is or was a
director of the corporation. Consistent with the laws of the State of Connecticut, ING America
Insurance Holdings, Inc. maintains Professional Liability and fidelity bond insurance policies
issued by an international insurer. The policies cover ING America Insurance Holdings, Inc. and
any company in which ING America Insurance Holdings, Inc. has a controlling financial interest
of 50% or more. These policies include either or both the principal underwriter, the depositor
and any/all assets under the care, custody and control of ING America Insurance Holdings, Inc.
and/or its subsidiaries. The policies provide for the following types of coverage: errors and
omissions/professional liability, employment practices liability and fidelity/crime (a.k.a.
"Financial Institutional Bond").
Section 20 of the ING Financial Advisers, LLC Limited Liability Company Agreement executed
as of November 28, 2000 provides that ING Financial Advisers, LLC will indemnify certain
persons against any loss, damage, claim or expenses (including legal fees) incurred by such
person if he is made a party or is threatened to be made a party to a suit or proceeding because he
was a member, officer, director, employee or agent of ING Financial Advisers, LLC, as long as
he acted in good faith on behalf of ING Financial Advisers, LLC and in a manner reasonably
believed to be within the scope of his authority. An additional condition requires that no person
shall be entitled to indemnity if his loss, damage, claim or expense was incurred by reason of his
gross negligence or willful misconduct. This indemnity provision is authorized by and is
consistent with Title 8, Section 145 of the General Corporation Law of the State of Delaware.
Item 15. Recent Sales of Unregistered Securities
Not Applicable
Item 16. Exhibits and Financial Statement Schedules
(a)
Furnish the exhibits as required by Item 601 of Regulation S-K (§229.601):
(1)
(a)
Underwriting Agreement dated November 17, 2006 between Aetna Life
Insurance and Annuity Company and ING Financial Advisers, LLC
·
Incorporated by reference to Post-Effective Amendment No. 34 to
Registration Statement on Form N-4 (File No. 033-75996), as filed on
December 20, 2006.
(b)
Confirmation of Underwriting Agreement
·
Incorporated by reference to
Registration Statement on Form S-1 (File No. 333-133158), as filed on
April 10, 2006.
(2)
Not Applicable
(3)
(a)
Restated Certificate of Incorporation (amended and restated as of October 1,
2007) of ING Life Insurance and Annuity Company
·
Incorporated by
reference to ING Life Insurance and Annuity Company annual report on
Form 10-K (File No. 033-23376), as filed on March 31, 2008.
(b)
Amended and Restated By-Laws of ING Life Insurance and Annuity
Company, effective October 1, 2007
·
Incorporated by reference to ING
Life Insurance and Annuity Company annual report on Form 10-K (File No.
033-23376), as filed on March 31, 2008.
(4)
Instruments Defining the Rights of Security Holders
·
Incorporated by reference to
Post-Effective Amendment No. 1 to Registration Statement on Form S-1 (File No.
033-60477), as filed on April 15, 1996.
(a)
Variable Annuity Contract (G-CDA-HF)
·
Incorporated by reference to
Post-Effective Amendment No. 14 to Registration Statement on Form N-4
(File No. 033-75964), as filed on July 29, 1997.
(b)
Variable Annuity Contract Certificate (GTCC-HF)
·
Incorporated by
reference to Post-Effective Amendment No. 6 to Registration Statement on
Form N-4 (File No. 033-75980), as filed on February 12, 1997.
(c)
Variable Annuity Contract (GIT-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to the Registration Statement on Form
N-4 (File No. 033-75964), as filed on February 11, 1997.
(d)
Variable Annuity Contract (G-CDA-IA(RP))
·
Incorporated by reference to
Post-Effective Amendment No. 5 to the Registration Statement on Form N-
4 (File No. 033-75986), as filed on April 12, 1996.
(e)
Variable Annuity Contract Certificate (GTCC-IA(RP))
·
Incorporated by
reference to Post-Effective Amendment No. 11 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 4, 1999.
(f)
Variable Annuity Contract (G-CDA(12/99))
·
Incorporated by reference to
Post-Effective Amendment No. 19 to Registration Statement on Form N-4
(File No. 333-01107), as filed on February 16, 2000.
(g)
Variable Annuity Contract Certificate (C-CDA(12/99))
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(h)
Variable Annuity Contract (GLIT-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to the Registration Statement on Form
N-4 (File No. 033-75964), as filed on February 11, 1997.
(i)
Variable Annuity Contract (GST-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to the Registration Statement on Form
N-4 (File No. 033-75964), as filed on February 11, 1997.
(j)
Variable Annuity Contract (IP-CDA-IB)
·
Incorporated by reference to
Post-Effective Amendment No. 4 to Registration Statement on Form N-4
(File No. 033-75988), as filed on April 15, 1996.
(k)
Variable Annuity Contract (I-CDA-IA(RP))
·
Incorporated by reference to
Post-Effective Amendment No. 5 to the Registration Statement on Form N-
4 (File No. 033-75986), as filed on April 12, 1996.
(l)
Variable Annuity Contract (I-CDA-HD)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to the Registration Statement on Form
N-4 (File No. 033-75964), as filed on February 11, 1997.
(m)
Variable Annuity Contract (GIH-CDA-HB)
·
Incorporated by reference to
Post-Effective Amendment No. 6 to Registration Statement on Form N-4
(File No. 033-75980), as filed on February 12, 1997.
(n)
Variable Annuity Contract (IMT-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 6 to Registration Statement on Form N-4
(File No. 033-75980), as filed on February 12, 1997.
(o)
Variable Annuity Contract (G-401-IB(X/M))
·
Incorporated by reference to
Post-Effective Amendment No. 3 to Registration Statement on Form N-4
(File No. 033-81216), as filed on April 7, 1996.
(p)
Variable Annuity Contract (G-CDA-IB(XC/SM))
·
Incorporated by
reference to Post-Effective Amendment No. 3 to Registration Statement on
Form N-4 (File No. 033-81216), as filed on April 7, 1996.
(q)
Variable Annuity Contracts (G-CDA-IB(ATORP)) and (G-CDA-
IB(AORP))
·
Incorporated by reference to Post-Effective Amendment No. 3
to Registration Statement on Form N-4 (File No. 033-91846), as filed on
April 15, 1996.
(r)
Variable Annuity Contract (G-CDA-96(TORP))
·
Incorporated by reference
to Post-Effective Amendment No. 6 to Registration Statement on Form N-4
(File No. 033-91846), as filed on August 6, 1996.
(s)
Group Combination Annuity Contract (Nonparticipating) (A001RP95)
·
Incorporated by reference to Registration Statement on Form N-4 (File No.
333-01107), as filed on February 21, 1996.
(t)
Group Combination Annuity Certificate (Nonparticipating) (A007RC95)
·
Incorporated by reference to Registration Statement on Form N-4 (File No.
333-01107), as filed on February 21, 1996.
(u)
Group Combination Annuity Certificate (Nonparticipating) (A020RV95)
·
Incorporated by reference to Registration Statement on Form N-4 (File No.
333-01107), as filed on February 21, 1996.
(v)
Group Combination Annuity Certificate (Nonparticipating) (A027RV95)
·
Incorporated by reference to Registration Statement on Form N-4 (File No.
333-01107), as filed on February 21, 1996.
(w)
Variable Annuity Contract (GID-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to Registration Statement on Form N-4
(File No. 033-75982), as filed on February 20, 1997.
(x)
Variable Annuity Contract (GSD-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to Registration Statement on Form N-4
(File No. 033-75982), as filed on February 20, 1997.
(y)
Variable Annuity Contract (IST-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 7 to Registration Statement on Form N-4
(File No. 033-75992), as filed on February 13, 1997.
(z)
Variable Annuity Contract (I-CDA-HD(XC))
·
Incorporated by reference to
Post-Effective Amendment No. 7 to Registration Statement on Form N-4
(File No. 033-75992), as filed on February 13, 1997.
(aa)
Variable Annuity Contract (HR1O-DUA-GIA)
·
Incorporated by reference
to Post-Effective Amendment No. 6 to Registration Statement on Form N-4
(File No. 033-75974), as filed on February 28, 1997.
(bb)
Variable Annuity Contract (GA-UPA-GO)
·
Incorporated by reference to
Post-Effective Amendment No. 6 to Registration Statement on Form N-4
(File No. 033-75974), as filed on February 28, 1997.
(cc)
Variable Annuity Contracts (G-TDA-HH(XC/M)) and (G-TDA-HH(XC/S))
·
Incorporated by reference to Post-Effective Amendment No. 6 to Registration
Statement on Form N-4 (File No. 033-75962), as filed on April 17, 1996.
(dd)
Variable Annuity Certificate (GTCC-HH(XC/M))
·
Incorporated by
reference to Post-Effective Amendment No. 14 to Registration Statement on
Form N-4 (File No. 033-75962), as filed on April 17, 1998.
(ee)
Variable Annuity Certificate (GTCC-HH(XC/S))
·
Incorporated by
reference to Post-Effective Amendment No. 14 to Registration Statement on
Form N-4 (File No. 033-75962), as filed on April 17, 1998.
(ff)
Variable Annuity Contract (IA-CDA-IA)
·
Incorporated by reference to
Post-Effective Amendment No. 14 to Registration Statement on Form N-4
(File No. 033-75964), as filed on July 29, 1997.
(gg)
Variable Annuity Contract (GLID-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 12 to Registration Statement on Form N-4
(File No. 033-75982), as filed on February 20, 1997.
(hh)
Variable Annuity Contract (G-CDA-HD)
·
Incorporated by reference to
Post-Effective Amendment No. 6 to Registration Statement on Form N-4
(File No. 033-75982), as filed on April 22, 1996.
(ii)
Variable Annuity Contract Certificate (GTCC-HD)
·
Incorporated by
reference to Post-Effective Amendment No. 11 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 4, 1999.
(jj)
Variable Annuity Contract (G-CDA-IA(RPM/XC))
·
Incorporated by
reference to Post-Effective Amendment No. 12 to the Registration
Statement on Form N-4 (File No. 033-75964), as filed on February 11,
1997.
(kk)
Variable Annuity Contracts and Certificate (G-CDA-95(ORP)),
(G-CDA-95(TORP)) and (GTCC-95 (ORP))
·
Incorporated by reference to
Post-Effective Amendment No. 3 to Registration Statement on Form N-4
(File No. 033-91846), as filed on April 15, 1996.
(ll)
Variable Annuity Contracts and Certificate (G-CDA-ORP), (CDA-
IB(TORP)) and (GTCC-95(TORP))
·
Incorporated by reference to Post-
Effective Amendment No. 3 to Registration Statement on Form N-4 (File
No. 033-91846), as filed on April 15, 1996.
(mm)
Variable Annuity Contract (IRA-CDA-IC)
·
Incorporated by reference to
Post-Effective Amendment No. 5 to the Registration Statement on Form N-
4 (File No. 033-75986), as filed on April 12, 1996.
(nn)
Variable Annuity Contract (GIP-CDA-HB)
·
Incorporated by reference to
Post-Effective Amendment No. 8 to Registration Statement on Form N-4
(File No. 033-75980), as filed on August 19, 1997.
(oo)
Variable Annuity Contract (I-CDA-98(ORP))
·
Incorporated by reference to
Post-Effective Amendment No. 11 to Registration Statement on Form N-4
(File No. 333-01107), as filed on February 4, 1999.
(pp)
Variable Annuity Contract (G-CDA-99(NY))
·
Incorporated by reference to
Post-Effective Amendment No. 19 to Registration Statement on Form N-4
(File No. 333-01107), as filed on February 16, 2000.
(qq)
Variable Annuity Contract Certificate (C-CDA-99(NY))
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(rr)
Variable Annuity Contract Certificate (GDCC-HF)
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(ss)
Variable Annuity Contract Certificate (GDCC-HD)
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(tt)
Variable Annuity Contract (G-CDA-HD(XC)
·
Incorporated by reference to
Post-Effective Amendment No. 19 to Registration Statement on Form N-4
(File No. 333-01107), as filed on February 16, 2000.
(uu)
Variable Annuity Contract Certificate (GDCC-HO)
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(vv)
Variable Annuity Contract Certificate (GDCC-HD(XC))
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(ww)
Variable Annuity Contract Certificate (GTCC-HD(XC))
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(xx)
Variable Annuity Contract Certificate (GTCC-HO)
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(yy)
Variable Annuity Contract Certificate (GTCC-96(ORP))
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(zz)
Variable Annuity Contract G-CDA-96(ORP))
·
Incorporated by reference
to Post-Effective Amendment No. 19 to Registration Statement on Form N-
4 (File No. 333-01107), as filed on February 16, 2000.
(a1)
Variable Annuity Contract Certificate (GTCC-96(TORP))
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(b1)
Variable Annuity Contract Certificate (GTCC-IB(ATORP))
·
Incorporated
by reference to Post-Effective Amendment No. 19 to Registration Statement
on Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(c1)
Variable Annuity Contract Certificate (GTCC-IB(AORP)
·
Incorporated by
reference to Post-Effective Amendment No. 19 to Registration Statement on
Form N-4 (File No. 333-01107), as filed on February 16, 2000.
(d1)
Variable Annuity Contract (ISE-CDA-HO)
·
Incorporated by reference to
Post-Effective Amendment No. 21 to Registration Statement on Form N-4
(File No. 033-75996), as filed on February 16, 2000.
(e1)
Variable Annuity Contract (G-CDA-IB(ORP))
·
Incorporated by reference
to Post-Effective Amendment No. 3 to Registration Statement on Form N-4
(File No. 033-91846), as filed on April 15, 1996.
(f1)
Variable Annuity Contract (G-CDA-IB(TORP))
·
Incorporated by reference
to Post-Effective Amendment No. 3 to Registration Statement on Form N-4
(File No. 033-91846), as filed on April 15, 1996.
(g1)
Variable Annuity Contract (G-CDA-01(NY))
·
Incorporated by reference to
Post-Effective Amendment No. 1 to Registration Statement on Form S-2
(File No. 333-60016), as filed on April 5, 2002.
(h1)
Variable Annuity Contract Certificate (C-CDA-01(NY))
·
Incorporated by
reference to Post-Effective Amendment No. 1 to Registration Statement on
Form S-2 (File No. 333-60016), as filed on April 5, 2002.
(i1)
Variable Annuity Contract (G-CDA-10)
·
Incorporated by reference to
Post-Effective Amendment No. 16 to Registration Statement on Form N-4
(File No. 333-109860), as filed on September 17, 2010.
(j1)
Variable Annuity Contract Certificate (C-CDA-10)
·
Incorporated by
reference to Post-Effective Amendment No. 16 to Registration Statement on
Form N-4 (File No. 333-109860), as filed on September 17, 2010.
(k1)
Endorsement E-403bR-09 to Contracts G-CDA-HF, GIT-CDA-HO, G-
CDA-IA(RP), G-CDA-(12/99), GLIT-CDA-HO, GST-CDA-HO, I-CDA-
HD, IMT-CDA-HO, G-CDA-IB(XC/SM), G-CDA-IB(ATORP), G-CDA-
96(TORP), IST-CDA-HO, G-TDA-HH(XC/M), G-TDA-HH(XC/S), IA-
CDA-IA, G-CDA-HD, G-CDA-IA(RPM/XC), G-CDA-99(NY), G-CDA-
HD(XC), G-CDA-IB(TORP) and G-CDA-01(NY) and Group Contract
A001RP95 and Certificates GTCC-HF, GTCC-IA(RP), C-CDA-(12/99),
GTCC-HH(XC/M), GTCC-HD, GTCC-HD(XC), GTCC-HO, GTCC-
96(TORP), GTCC-IB(ATORP) and C-CDA-01(NY) and Group Certificates
A007RC95 and A020RV95
·
Incorporated by reference to Registration
Statement on Form S-1 or ING Life Insurance and Annuity Company (File
No. 333-158492), as filed on April 8, 2009.
(l1)
Endorsement E-403bTERM-08 to Contracts G-CDA-HF, GIT-CDA-HO, G-
CDA-IA(RP), G-CDA-(12/99), GLIT-CDA-HO, GST-CDA-HO, I-CDA-
HD, IMT-CDA-HO, G-CDA-IB(XC/SM), G-CDA-IB(ATORP), G-CDA-
96(TORP), IST-CDA-HO, G-TDA-HH(XC/M), G-TDA-HH(XC/S), IA-
CDA-IA, G-CDA-HD, G-CDA-IA(RPM/XC), G-CDA-99(NY), G-CDA-
HD(XC), G-CDA-IB(TORP) and G-CDA-01(NY) and Group Contract
A001RP95 and Certificates GTCC-HF, GTCC-IA(RP), C-CDA-(12/99),
GTCC-HH(XC/M), GTCC-HD, GTCC-HD(XC), GTCC-HO, GTCC-
96(TORP), GTCC-IB(ATORP) and C-CDA-01(NY) and Group Certificates
A007RC95 and A020RV95
·
Incorporated by reference to Registration
Statement on Form S-1 or ING Life Insurance and Annuity Company (File
No. 333-158492), as filed on April 8, 2009.
(5)
Opinion re Legality
(21)
Subsidiaries of the Registrant
(23)
(a)
Consent of Independent Registered Public Accounting Firm
(b)
Consent of Legal Counsel (included in Exhibit (5) above)
(24)
(a)
Powers of Attorney Included in signature page of this Registration.
(b)
Certificate of Resolution Authorizing Signature by Power of Attorney
·
Incorporated by reference to Post-Effective Amendment No. 5 to the
Registration Statement on Form N-4 (File No. 033-75986), as filed on April
12, 1996.
Exhibits other than those listed above are omitted because they are not required or are not
applicable.
(b)
ING Life Insurance and Annuity Company Form 10-K for the fiscal year ended
December 31, 2010 is incorporated in Part I within the Prospectus.
Item 17. Undertakings
The undersigned registrant hereby undertakes as follows, pursuant to Item 512 of Regulation
S-K:
(a) Rule 415 offerings:
(1)
To file, during any period in which offers or sales of the registered securities are
being made, a post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities
Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration
statement; and
(iii)
To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material changes to such information in the registration statement.
(2)
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(4)
Not Applicable
(5)(i)
Not Applicable
(5)(ii)
That for, the purpose of determining liability under the Securities Act of 1933 to
any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a
registration statement relating to an offering, other than registration statements
relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A
shall be deemed to be part of and included in the registration statement as of the
date it is first used after effectiveness. Provided, however, that no statement
made in a registration statement or prospectus that is part of the registration
statement or made in a document incorporated or deemed incorporated by
reference into the registration statement or prospectus that is part of the
registration statement will, as to a purchaser with a time of contract of sale prior
to such first use, supersede or modify any statement that was made in the
registration statement or prospectus that was part of the registration statement or
made in any such document immediately prior to such date of first use.
(6)
That, for the purpose of determining liability of the registrant under the
Securities Act of 1933 to any purchaser in the initial distribution of the
securities, the undersigned registrant undertakes that in a primary offering of
securities of the undersigned registrant pursuant to this registration statement,
regardless of the underwriting method used to sell the securities to the
purchaser, if the securities are offered or sold to such purchaser by means of any
of the following communications, the undersigned registrant will be a seller to
the purchaser and will be considered to offer or sell such securities to such
purchaser: (i) any preliminary prospectus or prospectus of the undersigned
registrant relating to the offering required to be filed pursuant to Rule 424; (ii)
any free writing prospectus relating to the offering prepared by or on behalf of
the undersigned registrant or used or referred to by the undersigned registrant;
(iii) the portion of any other free writing prospectus relating to the offering
containing material information about the undersigned registrant or its securities
provided by or on behalf of the undersigned registrant; and (iv) any other
communication that is an offer in the offering made by the undersigned
registrant to the purchaser.
(b)
Not Applicable
(c)
Not Applicable
(d)
Not Applicable
(e)
Not Applicable
(f)
Not Applicable
(g)
Not Applicable
(h)
Request for Acceleration of Effective Date:
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the registrant pursuant to
the foregoing provisions, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable. In the event that
a claim for indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling person of the
registrant in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and will be
governed by the final adjudication of such issue.
(i)
Not Applicable
(j)
Not Applicable
(k)
Not Applicable
(l)
Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this
Registration Statement on Form S-1 to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of New York, State of New York, on this 1st day of April, 2011.
By:
ING LIFE INSURANCE AND ANNUITY
COMPANY
(REGISTRANT)
By:
/s/ Robert G. Leary
Robert G. Leary
President
(principal executive officer)
As required by the Securities Act of 1933, this Registration Statement has been signed by the
following persons in the capacities and on the dates indicated. Each person whose signature appears
below hereby constitutes and appoints J. Neil McMurdie, Julie E. Rockmore and Nicholas Morinigo,
and each of them individually, such person's true and lawful attorneys and agents with full power of
substitution and resubstitution for him or her and in his or her name, place and stead, in any and all
capacities, to sign for such person and in such person's name and capacity indicated below, any and all
amendments to this Registration Statement, hereby ratifying and confirming such person's signatures
as it may be signed by said attorneys to any and all amendments (pre-effective and post-effective
amendments).
Signature
Title
Date
/s/Robert G. Leary
President and Director
)
April 1, 2011
Robert G. Leary
(principal executive officer)
)
)
/s/Patrick G. Flynn
Director and Chairman
)
February 24, 2011
Patrick G. Flynn
)
)
/s/Lynne R. Ford
Director and Executive Vice President
)
February 25, 2011
Lynne R. Ford
)
)
/s/Ewout L. Steenbergen
Director, Executive Vice President and
)
March 8, 2011
Ewout L. Steenbergen
Chief Financial Officer
)
)
/s/Michael S. Smith
Director
)
February 25, 2011
Michael S. Smith
)
)
/s/ Donald Britton
Director
)
February 25, 2011
Donald W. Britton
)
)
/s/Steven T. Pierson
Senior Vice President and Chief Accounting Officer
) February 25, 2011
Steven T. Pierson
)
State of New York
County of New York
On the 1st day of April in the year 2011, before me, the undersigned, personally appeared Robert
G. Leary, personally known to me or proved to me on the basis of satisfactory evidence to be the
individual whose name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument, the individual, or
the person upon behalf of which the individual acted, executed the instrument.
/s/ Helen M. Scheuer
Helen M. Scheuer
Notary Public
Notary Public, State of New York
No. 01SC3352985
Qualified in New York County
Commission Expires 4-30-2011
State of New York
County of New York
On the 25th day of February in the year 2011, before me, the undersigned, personally appeared Lynne R.
Ford, personally known to me or proved to me on the basis of satisfactory evidence to be the individual
whose name is subscribed to the within instrument and acknowledged to me that she executed the same in
her capacity, and that by her signature on the instrument, the individual, or the person upon behalf of
which the individual acted, executed the instrument.
/s/ Helen M. Scheuer
Helen M. Scheuer
Notary Public
Notary Public, State of New York
No. 01SC3352985
Qualified in New York County
Commission Expires 4-30-2011
On the 8th day of March in the year 2011, before me, the undersigned, personally appeared
Ewout L. Steenbergen, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his capacity, and that by his signature on the
instrument, the individual, or the person upon behalf of which the individual acted, executed the
instrument.
/s/ Helen M. Scheuer
Helen M. Scheuer
Notary Public
Notary Public, State of New York
No. 01SC3352985
Qualified in New York County
Commission Expires 4-30-2011
CAUTION TO THE PRINCIPAL: Your Power of Attorney is an important document. As the
"principal," you give the person whom you choose (your "agent") authority to spend your money
and sell or dispose of your property during your lifetime without telling you. You do not lose
your authority to act even though you have given your agent similar authority.
When your agent exercises this authority, he or she must act according to any instructions you
have provided or, where there are no specific instructions, in your best interest. "Important
Information for the Agent" at the end of this document describes your agent's responsibilities.
Your agent can act on your behalf only after signing the Power of Attorney before a notary
public.
You can request information from your agent at any time. If you are revoking a prior Power of
Attorney by executing this Power of Attorney, you should provide written notice of the
revocation to your prior agent(s) and to the financial institutions where your accounts are
located.
You can revoke or terminate your Power of Attorney at any time for any reason as long as you
are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting
improperly.
Your agent cannot make health care decisions for you. You may execute a "Health Care Proxy"
to do this.
The law governing Powers of Attorney is contained in the New York General Obligations Law,
Article 5, Title 15. This law is available at a law library, or online through the New York State
Senate or Assembly websites,
www.senate.state.ny.us
or
www.assembly.state.ny.us
.
If there is anything about this document that you do not understand, you should ask a lawyer of
your own choosing to explain it to you.
Signature of Agents:
State of Pennsylvania
/s/ Nicholas Morinigo
County of Chester
Nicholas Morinigo
On this, the 31st day of March, 2011, before me
Tabitha E. Muniz, the undersigned officer, personally appeared
Commonwealth of Pennsylvania
Nicholas Morinigo, known to me (or satisfactorily proven) to
Notarial Seal
be the person whose name is subscribed as attorney in fact for
Tabitha E. Muniz, Notary Public
Robert G. Leary, Lynne R. Ford and Ewout L. Steenbergen, and
West Whiteland Twp., Chester County
acknowledged that he executed the same as the act of his
My Commission Expires Dec. 10,
principal for the purposes therein contained.
2014
/s/ Tabitha E. Muniz
Notary Public
State of Connecticut
/s/ J. Neil McMurdie
County of Hartford Town of Windsor
J. Neil McMurdie
The foregoing instrument was executed and acknowledged
before me this 25th day of March, 2011, by J. Neil McMurdie,
Nicole L. Molleur
as attorney in fact on behalf of Robert G. Leary, Lynne R. Ford
Notary Public Within and for
and Ewout L. Steenbergen.
The State of Connecticut
My commission expires: Nov. 30,
/s/ Nicole L. Molleur
2014
Notary Public
State of Connecticut
/s/ Julie Rockmore
County of Hartford Town of Windsor
Julie Rockmore
The foregoing instrument was executed and acknowledged
before me this 23rd day of March, 2011, by Julie Rockmore, as
Nicole L. Molleur
attorney in fact on behalf of Robert G. Leary, Lynne R. Ford
Notary Public Within and for
and Ewout L. Steenbergen.
The State of Connecticut
My commission expires: Nov. 30,
/s/ Nicole L. Molleur
2014
Notary Public
IMPORTANT INFORMATION FOR THE AGENT:
When you accept the authority granted under this Power of Attorney, a special legal relationship
is created between you and the principal. This relationship imposes on you legal responsibilities
that continue until you resign or the Power of Attorney is terminated or revoked. You must:
(1) act according to any instructions from the principal, or, where there are no instructions, in the
principal's best interest;
(2) avoid conflicts that would impair your ability to act in the principal's best interest;
(3) keep the principal's property separate and distinct from any assets you own or control, unless
otherwise permitted by law;
(4) keep a record of all receipts, payments, and transactions conducted for the principal; and
(5) disclose your identity as an agent whenever you act for the principal by writing or printing
the principal's name and signing your own name as "agent" in either of the following manner:
(Principal's Name) by (Your Signature) as Agent, or (your signature as Agent for (Principal's
Name).
You may not use the principal's assets to benefit yourself or give major gifts to yourself or
anyone else unless the principal has specifically granted you that authority in this Power of
Attorney or in a Statutory Major Gifts Rider attached to this Power of Attorney. If you have that
authority, you must act according to any instructions of the principal or, where there are no such
instructions, in the principal's best interest.; You may resign by giving written notice to the
principal and to any co-agent, successor agent, monitor if one has been named in this document,
or the principal's guardian if one has been appointed. If there is anything about this document or
your responsibilities that you do not understand, you should seek legal advice.
Liability of the agent:
The meaning of the authority given to you is defined in New York's General Obligations Law,
Article 5, Title 15. If it is found that you have violated the law or acted outside the authority
granted to you in the Power of Attorney, you may be liable under the law for your violation.
EXHIBIT INDEX
Exhibit No.
Exhibit
16(a)(5)
Opinion re: Legality
16(a)(21)
Subsidiaries of the Registrant
16(a)(23)(a)
Consent of Independent Registered Public Accounting Firm
16(a)(23)(b)
Consent of Legal Counsel
*
16(a)(24)(a)
Powers of Attorney
**
*Included in Exhibit 16(a)(5) above
**Included on signature page of this Registration