[Federal Register Volume 64, Number 83 (Friday, April 30, 1999)]
[Rules and Regulations]
[Pages 23187-23229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10533]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1, 20, and 25

[TD 8819]
RIN 1545-AX14


Use of Actuarial Tables in Valuing Annuities, Interests for Life 
or Terms of Years, and Remainder or Reversionary Interests

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations.

-----------------------------------------------------------------------

SUMMARY: This document contains regulations relating to the use of 
actuarial tables in valuing annuities, interests for life or terms of 
years, and remainder or reversionary interests. These regulations are 
necessary because section 7520(c)(3) directs the Secretary to update 
the actuarial tables to reflect the most recent mortality experience 
available. These regulations will effect the valuation of inter vivos 
and testamentary transfers of interests dependent on one or more 
measuring lives. The text of the temporary regulations also serves as 
the text of the proposed regulations set forth in the notice of 
proposed rulemaking on this subject elsewhere in this issue of the 
Federal Register.

DATES: These regulations are effective May 1, 1999.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, William L. 
Blodgett, (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    This document contains amendments to the regulations revising 
certain tables used for the valuation of partial interests in property 
under section 7520 of the Internal Revenue Code of 1986 (Code) to 
reflect the most recent mortality experience available.

In General

    Section 7520, effective for transfers for which the valuation date 
is after

[[Page 23188]]

April 30, 1989, provides that the value of an annuity, an interest for 
life or a term of years, and a remainder or reversionary interest is to 
be determined under tables published by the Internal Revenue Service 
based on a discount rate (rounded to the nearest two-tenths of one 
percent) equal to 120 percent of the applicable Federal mid-term rate 
in effect under section 1274(d)(1) for the month in which the valuation 
date falls. Section 7520(c)(3) directed the Secretary to issue tables 
not later than December 31, 1989, utilizing the then most recent 
mortality experience. Thereafter, the Secretary is directed to revise 
the tables used in valuing interests dependent on mortality experience 
not less frequently than once each 10 years to take into account the 
most recent mortality experience available as of the time of the 
revision.
    These regulations incorporate revised Table S (Single Life 
Remainder Factors) and Table U(1) (Unitrust Single Life Remainder 
Factors) based on data compiled from the 1990 census as set forth in 
Life Table 90CM, and make conforming amendments to various sections to 
reflect the revised tables. The current tables are moved to sections 
containing actuarial material for historical reference. Table B, Table 
D, Tables F(4.2) through F(14.0), Table J, and Table K, which are not 
based on mortality experience, are not changed. Internal Revenue 
Service Publications 1457 ``Actuarial Values, Book Aleph'' (forthcoming 
1999), 1458 ``Actuarial Values, Book Beth'' (forthcoming 1999), and 
1459 ``Actuarial Values, Book Gimel'' (forthcoming 1999) will contain a 
complete set of actuarial tables that include factors not contained in 
the regulations (for example, annuity and life interest factors). 
Although not available on May 1, 1999, IRS anticipates these 
publications will be available by July 1, 1999. These publications will 
be available for purchase from the Superintendent of Documents, United 
States Government Printing Office, Washington, DC 20402.
    The following chart summarizes the applicable interest rates and 
the citations to textual materials and tables for the various periods 
covered under the regulations:

                                                         Cross Reference to Regulation Sections
--------------------------------------------------------------------------------------------------------------------------------------------------------
       Valuation period             Interest rate              Regulation section                                      Table
--------------------------------------------------------------------------------------------------------------------------------------------------------
Section 642:
    Valuation, in general.....                         1.642(c)-6
    Before 01/01/52...........  4%                     1.642(c)-6A(a)
    01/01/52-12/31/70.........  3.5%                   1.642(c)-6A(b)
    01/01/71-11/30/83.........  6%                     1.642(c)-6A(c)
    12/01/83-04/30/89.........  10%                    1.642(c)-6A(d)                      Table G.
    05/01/89-04/30/99.........  Sec.  7520             1.642(c)-6A(e)                      Table S (5/1/89-4/30/99).
    After 04/30/99............  Sec.  7520             1.642(c)-6T(e)                      Table S (after 04/30/99).
Section 664:
    Valuation, in general.....                         1.664-4
    Before 01/01/52...........  4%                     1.664-4A(a)
    01/01/52-12/31/70.........  3.5%                   1.664-4A(b)
    01/01/71-11/30/83.........  6%                     1.664-4A(c)
    12/01/83-04/30/89.........  10%                    1.664-4A(d)                         Table E, Table F(1).
    05/01/89-04/30/99.........  Sec.  7520...........  1.664-4A(e)                         Table U(1) (5/1/89-4/30/99).
    After 04/30/99............  Sec.  7520             1.664-4T(e)                         Table U(1) (after 04/30/99).
                                                       1.664-4(e)                          Table D and Tables F(4.2)-F(14.0).
Section 2031:
    Valuation, in general.....                         20.2031-7
    Before 01/01/52...........  4%                     20.2031-7A(a)
    01/01/52-12/31/70.........  3.5%                   20.2031-7A(b)
    01/01/71-11/30/83.........  6%                     20.2031-7A(c)
    12/01/83-04/30/89.........  10%                    20.2031-7A(d)                       Table A, Table B, Table LN.
    05/01/89-04/30/99.........  Sec.  7520             20.2031-7A(e)                       Table S (5/1/89-4/30/99) Life Table 80CNSMT.
    After 04/30/99............  Sec.  7520             20.2031-7T(d)                       Table S (after 04/30/99) and Life Table 90CM.
                                                       20.2031-7(d)                        Table B, Table J, Table K.
Section 2512:
    Valuation, in general.....                         25.2512-5
    Before 01/01/52...........  4%                     25.2512-5A(a)
    01/01/52-12/31/70.........  3.5%                   25.2512-5A(b)
    01/01/71-11/30/83.........  6%                     25.2512-5A(c)
    12/01/83-04/30/89.........  10%                    25.2512-5A(d)
    05/01/89-04/30/99.........  Sec.  7520             25.2512-5A(e)
    After 04/30/99............  Sec.  7520             25.2512-5T(d)
--------------------------------------------------------------------------------------------------------------------------------------------------------

Effective Dates

    These regulations are applicable in the case of annuities, 
interests for life or terms of years, and remainder or reversionary 
interests created after April 30, 1999.

Transitional Rules

    The regulations provide certain transitional rules intended to 
alleviate any adverse consequences resulting from the proposed 
regulatory change. For gift tax purposes, if the valuation date of a 
transfer is after April 30, 1999, but before July 1, 1999, the donor 
may determine the value of the gift (and/or any applicable charitable 
deduction) under tables based on either Life Table 80CNSMT or Table 
90CM (at the donor's option). Similarly, for estate tax purposes, if 
the decedent dies after April 30, 1999, but before July 1, 1999, the 
value of any interest (and/or any applicable charitable deduction) may 
be determined under tables based on either Table 80CNSMT or Table 90CM, 
at the option of the decedent's executor. However, the section 7520 
interest rate utilized is the appropriate rate for the month in which 
the valuation date occurs. In accordance with this transitional rule 
and those contained in

[[Page 23189]]

Sec. Sec. 1.7520-2(a)(2), 20.7520-2(a)(2) and 25.7520-2(a)(2), in cases 
involving a charitable deduction, if the valuation date occurs after 
April 30, 1999, and before July 1, 1999, and the executor or donor 
elects under section 7520(a) to use the section 7520 interest rate for 
March 1999 or April 1999, then the mortality experience contained in 
80CNSMT must be used. If the executor or donor uses the section 7520 
interest rate for May 1999 or for June 1999, then the tables based on 
either Table 80CNSMT or Table 90CM may be used. However, if the 
valuation date occurs after June 30, 1999, the executor or donor must 
use the new mortality experience contained in Table 90CM even if a 
prior month interest rate election under section 7520(a) is made.
    In addition, for estate tax purposes, the estate of a mentally 
incompetent decedent may elect to value the property interest included 
in the gross estate under the mortality table and interest rate in 
effect at the time the decedent became mentally incompetent or the 
mortality table and interest rate in effect on the decedent's date of 
death if the decedent was under a mental incapacity that existed on May 
1, 1999, and continued uninterrupted until the decedent's death, or the 
decedent died within 90 days of regaining competency after April 30, 
1999.

Special Analysis

    It has been determined that this Treasury decision is not a 
significant regulatory action as defined in EO 12866. Therefore, a 
regulatory assessment is not required. It also has been determined that 
section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) 
does not apply to these regulations, and because these regulations do 
not impose a collection of information requirement on small entities, 
the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. 
Therefore, a Regulatory Flexibility Analysis is not required. Pursuant 
to section 7805(f) of the Internal Revenue Code, these regulations will 
be submitted to the Chief Counsel for Advocacy of the Small Business 
Administration for comment on its impact on small business.
    Drafting information. The principal author of these regulations is 
William L. Blodgett, Office of Assistant Chief Counsel (Passthroughs 
and Special Industries), IRS. However, other personnel from the IRS and 
Treasury Department participated in their development.

List of Subjects

26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

26 CFR Part 20

    Estate taxes, Reporting and recordkeeping requirements.

26 CFR Part 25

    Gift taxes, Reporting and recordkeeping requirements.

Adoption of Amendments to the Regulations

    Accordingly, 26 CFR parts 1, 20, and 25 are amended as follows:

PART 1--INCOME TAXES

    Paragraph 1. The authority citation for part 1 is amended by adding 
entries in numerical order to read in part as follows:

    Authority: 26 U.S.C. 7805 * * *

    Section 1.170A-12 also issued under 26 U.S.C. 170(f)(4). * * *
    Section 1.642(c)-6 also issued under 26 U.S.C. 642(c)(5).
    Section 1.642(c)-6T also issued under 26 U.S.C. 642(c)(5).
    Section 1.642(c)-6A also issued under 26 U.S.C. 642(c)(5).
    Section 1.664-1 also issued under 26 U.S.C. 664(a).
    Section 1.664-2 also issued under 26 U.S.C. 664(a).
    Section 1.664-3 also issued under 26 U.S.C. 664(a).
    Section 1.664-4 also issued under 26 U.S.C. 664(a).
    Section 1.664-4T also issued under 26 U.S.C. 664(a).
    Section 1.664-4A also issued under 26 U.S.C. 664(a). * * *
    Section 1.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

    Par. 2. Section 1.170A-6 is amended by revising paragraph (c)(5), 
Example (2)(b) introductory text to read as follows:


Sec. 1.170A-6  Charitable contributions in trust.

* * * * *
    (c) * * *
    (5) * * *

    Example 2. * * *
    (b) The section 7520 rate at the time of the transfer was 6.0 
percent. By reference to Table F(6.0) in Sec. 1.664-4(e)(6), the 
adjusted payout rate is 4.717% (5%  x  0.943396). The present value 
of the reversion is $6,473.75, computed by reference to Table D in 
Sec. 1.664-4(e)(6), as follows:
* * * * *
    Par. 3. Section 1.170A-12T is added to read as follows:


Sec. 1.170A-12T  Valuation of a remainder interest in real property for 
contributions made after July 31, 1969 (temporary).

    (a) through (b)(1) [Reserved] For further guidance see Sec. 1.170A-
12(a) through (b)(1).
    (b)(2) Computation of depreciation factor after April 30, 1999. If 
the valuation of the remainder interest in depreciable property is 
dependent upon the continuation of one life, a special factor must be 
used. The factor determined under this paragraph (b)(2) is carried to 
the fifth decimal place. The special factor is to be computed on the 
basis of the interest rate and life contingencies prescribed in 
Sec. 20.2031-7T (or for certain prior periods, Sec. 20.2031-7A) of this 
chapter (Estate Tax Regulations) and on the assumption that the 
property depreciates on a straight-line basis over its estimated useful 
life. For transfers for which the valuation date is after April 30, 
1999, special factors for determining the present value of a remainder 
interest following one life and an example describing the computation 
are contained in Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (1999). A copy of this publication is available 
for purchase from the Superintendent of Documents, United States 
Government Printing Office, Washington, DC 20402. See, however, 
Sec. 1.7520-3(b) (relating to exceptions to the use of prescribed 
tables under certain circumstances). Otherwise, in the case of the 
valuation of a remainder interest following one life, the special 
factor may be obtained through use of the following formula:
[GRAPHIC] [TIFF OMITTED] TR30AP99.010


[[Page 23190]]


Where:

n=the estimated number of years of useful life,
i=the applicable interest rate under section 7520 of the Internal 
Revenue Code,
v=1 divided by the sum of 1 plus the applicable interest rate under 
section 7520 of the Internal Revenue Code,
x=the age of the life tenant, and
lx=number of persons living at age x as set forth in Table 90CM of 
Sec. 20.2031-7T (or, for prior periods, the tables set forth under 
Sec. 20.2031-7A) of this chapter.

    (3) The following example illustrates the provisions of this 
paragraph (b):

    Example. A, who is 62, donates to Y University a remainder 
interest in a personal residence, consisting of a house and land, 
subject to a reserved life estate in A. At the time of the gift, the 
land has a value of $30,000 and the house has a value of $100,000 
with an estimated useful life of 45 years, at the end of which the 
value of the house is expected to be $20,000. The portion of the 
property considered to be depreciable is $80,000 (the value of the 
house ($100,000) less its expected value at the end of 45 years 
($20,000)). The portion of the property considered to be 
nondepreciable is $50,000 (the value of the land at the time of the 
gift ($30,000) plus the expected value of the house at the end of 45 
years ($20,000)). At the time of the gift, the interest rate 
prescribed under section 7520 is 8.4 percent. Based on an interest 
rate of 8.4 percent, the remainder factor for $1.00 prescribed in 
Sec. 20.2031-7T(d) of this chapter for a person age 62 is 0.27925. 
The value of the nondepreciable remainder interest is $13,962.50 
(0.27925 times $50,000). The value of the depreciable remainder 
interest is $16,148.80 (0.20186, computed under the formula 
described in paragraph (b)(2) of this section, times $80,000). 
Therefore, the value of the remainder interest is $30,111.30.

    (c) through (e) [Reserved]. For further guidance see Sec. 1.170A-12 
(c) through (e).
    Par. 4. Section 1.642(c)-6 is amended as follows:
    1. Revise the section heading.
    2. Paragraph (d) is removed.
    3. Paragraph (e) is redesignated as paragraph (e) of Sec. 1.642(c)-
6A.
    4. New paragraphs (d) and (e) are added.
    5. Paragraph (f) is revised.
    The revisions and addition read as follows:


Sec. 1.642(c)-6  Valuation of a remainder interest in property 
transferred to a pooled income fund.

* * * * *
    (d) and (e) [Reserved]. For further guidance, see Sec. 1.642(c)-
6T(d) and (e).
    (f) Effective dates. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 5. Section 1.642(c)-6T is added to read as follows:


Sec. 1.642(c)-6T  Valuation of a remainder interest in property 
transferred to a pooled income fund (temporary).

    (a) through (c) [Reserved]. For further guidance, see 
Sec. 1.642(c)-6(a) through (c).
    (d) Valuation. The present value of the remainder interest in 
property transferred to a pooled income fund after April 30, 1999, is 
determined under paragraph (e) of this section. The present value of 
the remainder interest in property transferred to a pooled income fund 
for which the valuation date is before May 1, 1999, is determined under 
the following sections:

------------------------------------------------------------------------
                Valuation Dates
-----------------------------------------------  Applicable  regulations
              After                   Before
------------------------------------------------------------------------
                                      01-01-52  1.642(c)-6A(a).
12-31-51.........................     01-01-71  1.642(c)-6A(b).
12-31-70.........................     12-01-83  1.642(c)-6A(c).
11-30-83.........................     05-01-89  1.642(c)-6A(d).
04-30-89.........................     05-01-99  1.642(c)-6A(e).
------------------------------------------------------------------------

    (e) Present value of the remainder interest in the case of 
transfers to pooled income funds for which the valuation date is after 
April 30, 1999--(1) In general. In the case of transfers to pooled 
income funds for which the valuation date is after April 30, 1999, the 
present value of a remainder interest is determined under this section. 
See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of 
prescribed tables under certain circumstances). The present value of a 
remainder interest that is dependent on the termination of the life of 
one individual is computed by the use of Table S in paragraph (e)(6) of 
this section. For purposes of the computations under this section, the 
age of an individual is the age at the individual's nearest birthday.
    (2) Transitional rules for valuation of transfers to pooled income 
funds. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 
1999, the decedent was mentally incompetent so that the disposition of 
the property could not be changed, and the decedent died after April 
30, 1999, without having regained competency to dispose of the 
decedent's property, or the decedent died within 90 days of the date 
that the decedent first regained competency after April 30, 1999, the 
present value of a remainder interest is determined as if the valuation 
date with respect to the decedent's gross estate is either before May 
1, 1999, or after April 30, 1999, at the option of the decedent's 
executor.
    (ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in 
the case of transfers to a pooled income fund for which the valuation 
date is after April 30, 1999, and before July 1, 1999, the present 
value of the remainder interest under this section is determined by use 
of the section 7520 interest rate for the month in which the valuation 
date occurs (See Secs. 1.7520-1(b) and 1.7520-2(a)(2)) and the 
appropriate actuarial tables under either paragraph (e)(6) of this 
section or Sec. 1.642(c)-6A(e)(5), at the option of the donor or the 
decedent's executor, as the case may be.
    (iii) For purposes of paragraphs (e)(2)(i) and (ii) of this 
section, where the donor or decedent's executor is given the option to 
use the appropriate actuarial tables under either paragraph (e)(6) of 
this section or Sec. 1.642(c)-6A(e)(5), the donor or decedent's 
executor must use the same actuarial table with respect to each 
individual transaction and with respect to all transfers occurring on 
the valuation date (e.g., gift and income tax charitable deductions 
with respect to the same transfer must be determined based on the same 
tables, and all assets includible in the gross estate and/or estate tax 
deductions claimed must be valued based on the same tables).
    (3) Present value of a remainder interest. The present value of a 
remainder interest in property transferred to a pooled income fund is 
computed on the basis of--
    (i) Life contingencies determined from the values of lx that are 
set forth in Table 90CM in Sec. 20.2031-7T(d)(7) of this chapter 
(Estate Tax Regulations) (See Sec. 20.2031-7A of this chapter for 
certain prior periods); and
    (ii) Discount at a rate of interest, compounded annually, equal to 
the highest yearly rate of return of the pooled income fund for the 3 
taxable years immediately preceding its taxable year in which the 
transfer of property to the fund is made. For purposes of this 
paragraph (e), the yearly rate of return of a pooled income fund is 
determined as provided in Sec. 1.642(c)-6(c) unless the highest rate of 
return is deemed to be the rate described in paragraph (e)(4) of this 
section for funds in existence less than 3 taxable years. For purposes 
of this paragraph (e)(3)(ii), the first taxable year of a pooled income 
fund is considered a taxable year even though the taxable year consists 
of less than 12 months. However, appropriate adjustments must be made 
to annualize the rate of return earned by the fund for that period. 
Where it appears from the facts and circumstances that the highest 
yearly rate of return of the fund for the 3 taxable years immediately 
preceding

[[Page 23191]]

the taxable year in which the transfer of property is made has been 
purposely manipulated to be substantially less than the rate of return 
that would otherwise be reasonably anticipated with the purpose of 
obtaining an excessive charitable deduction, that rate of return may 
not be used. In that case, the highest yearly rate of return of the 
fund is determined by treating the fund as a pooled income fund that 
has been in existence for less than 3 preceding taxable years.
    (4) Pooled income funds in existence less than 3 taxable years. If 
a pooled income fund has been in existence less than 3 taxable years 
immediately preceding the taxable year in which the transfer is made to 
the fund and the transfer to the fund is made after April 30, 1989, the 
highest rate of return is deemed to be the interest rate (rounded to 
the nearest two-tenths of one percent) that is 1 percent less than the 
highest annual average of the monthly section 7520 rates for the 3 
calendar years immediately preceding the calendar year in which the 
transfer to the pooled income fund is made. The deemed rate of return 
for transfers to new pooled income funds is recomputed each calendar 
year using the monthly section 7520 rates for the 3-year period 
immediately preceding the calendar year in which each transfer to the 
fund is made until the fund has been in existence for 3 taxable years 
and can compute its highest rate of return for the 3 taxable years 
immediately preceding the taxable year in which the transfer of 
property to the fund is made in accordance with the rules set forth in 
the first sentence of paragraph (e)(3)(ii) of this section.
    (5) Computation of value of remainder interest. The factor that is 
used in determining the present value of a remainder interest that is 
dependent on the termination of the life of one individual is the 
factor from Table S in paragraph (e)(6) of this section under the 
appropriate yearly rate of return opposite the number that corresponds 
to the age of the individual upon whose life the value of the remainder 
interest is based (See Sec. 1.642(c)-6A for certain prior periods). The 
tables in paragraph (e)(6) of this section include factors for yearly 
rates of return from 4.2 to 14 percent. Many actuarial factors not 
contained in the tables in paragraph (e)(6) of this section are 
contained in Table S in Internal Revenue Service Publication 1457, 
``Actuarial Values, Book Aleph,'' (1999). A copy of this publication is 
available for purchase from the Superintendent of Documents, United 
States Government Printing Office, Washington, DC 20402. For other 
situations, see Sec. 1.642(c)-6(b). If the yearly rate of return is a 
percentage that is between the yearly rates of return for which factors 
are provided, a linear interpolation must be made. The present value of 
the remainder interest is determined by multiplying the fair market 
value of the property on the valuation date by the appropriate 
remainder factor. This paragraph (e)(5) may be illustrated by the 
following example:

    Example. A, who is 54 years and 8 months, transfers $100,000 to 
a pooled income fund, and retains a life income interest in the 
property. The highest yearly rate of return earned by the fund for 
its 3 preceding taxable years is 9.47 percent. In Table S, the 
remainder factor opposite 55 years under 9.4 percent is .17449 and 
under 9.6 percent is .17001. The present value of the remainder 
interest is $17,292.00, computed as follows:

Factor at 9.4 percent for age 55..............................    .17449
Factor at 9.6 percent for age 55..............................    .17001
                                                               ---------
Difference....................................................    .00448
 

    Interpolation adjustment:
    [GRAPHIC] [TIFF OMITTED] TR30AP99.004
    

Factor at 9.4 percent for age 55..........................        .17449
Less: Interpolation adjustment............................        .00157
                                                           -------------
Interpolated factor.......................................        .17292
 
Present value of remainder interest: ($100,000  x  .17292)    $17,292.00
 

    (6) Actuarial tables. In the case of transfers for which the 
valuation date is after April 30, 1999, the present value of a 
remainder interest dependent on the termination of one life in the case 
of a transfer to a pooled income fund is determined by use of the 
following Table S:

 Table S.--Single Life Remainder Factors Applicable After April 30, 1999
                        Based on Life Table 90CM
                             [Interest rate]
 
 


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            4.2%      4.4%      4.6%      4.8%      5.0%      5.2%      5.4%      5.6%      5.8%      6.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .06752    .06130    .05586    .05109    .04691    .04322    .03998    .03711    .03458    .03233
  1.................................................    .06137    .05495    .04932    .04438    .04003    .03620    .03283    .02985    .02721    .02487
  2.................................................    .06325    .05667    .05088    .04580    .04132    .03737    .03388    .03079    .02806    .02563
  3.................................................    .06545    .05869    .05275    .04752    .04291    .03883    .03523    .03203    .02920    .02668
  4.................................................    .06784    .06092    .05482    .04944    .04469    .04048    .03676    .03346    .03052    .02791
  5.................................................    .07040    .06331    .05705    .05152    .04662    .04229    .03845    .03503    .03199    .02928
  6.................................................    .07310    .06583    .05941    .05372    .04869    .04422    .04025    .03672    .03357    .03076
  7.................................................    .07594    .06849    .06191    .05607    .05089    .04628    .04219    .03854    .03528    .03236
  8.................................................    .07891    .07129    .06453    .05853    .05321    .04846    .04424    .04046    .03709    .03407
  9.................................................    .08203    .07423    .06731    .06115    .05567    .05079    .04643    .04253    .03904    .03592
 10.................................................    .08532    .07734    .07024    .06392    .05829    .05326    .04877    .04474    .04114    .03790
 11.................................................    .08875    .08059    .07331    .06683    .06104    .05587    .05124    .04709    .04336    .04002
 12.................................................    .09233    .08398    .07653    .06989    .06394    .05862    .05385    .04957    .04572    .04226
 13.................................................    .09601    .08748    .07985    .07304    .06693    .06146    .05655    .05214    .04816    .04458
 14.................................................    .09974    .09102    .08322    .07624    .06997    .06435    .05929    .05474    .05064    .04694
 15.................................................    .10350    .09460    .08661    .07946    .07303    .06725    .06204    .05735    .05312    .04930
 16.................................................    .10728    .09818    .09001    .08268    .07608    .07014    .06479    .05996    .05559    .05164
 17.................................................    .11108    .10179    .09344    .08592    .07916    .07306    .06755    .06257    .05807    .05399
 18.................................................    .11494    .10545    .09691    .08921    .08227    .07601    .07034    .06521    .06057    .05636
 19.................................................    .11889    .10921    .10047    .09259    .08548    .07904    .07322    .06794    .06315    .05880
 20.................................................    .12298    .11310    .10417    .09610    .08881    .08220    .07622    .07078    .06584    .06135
 21.................................................    .12722    .11713    .10801    .09976    .09228    .08550    .07935    .07375    .06866    .06403
 22.................................................    .13159    .12130    .11199    .10354    .09588    .08893    .08260    .07685    .07160    .06682
 23.................................................    .13613    .12563    .11612    .10748    .09964    .09250    .08601    .08009    .07468    .06975
 24.................................................    .14084    .13014    .12043    .11160    .10357    .09625    .08958    .08349    .07793    .07284

[[Page 23192]]

 
 25.................................................    .14574    .13484    .12493    .11591    .10768    .10018    .09334    .08708    .08135    .07611
 26.................................................    .15084    .13974    .12963    .12041    .11199    .10431    .09728    .09085    .08496    .07956
 27.................................................    .15615    .14485    .13454    .12513    .11652    .10865    .10144    .09484    .08878    .08322
 28.................................................    .16166    .15016    .13965    .13004    .12124    .11319    .10580    .09901    .09279    .08706
 29.................................................    .16737    .15567    .14497    .13516    .12617    .11792    .11035    .10339    .09699    .09109
 30.................................................    .17328    .16138    .15048    .14047    .13129    .12286    .11510    .10796    .10138    .09532
 31.................................................    .17938    .16728    .15618    .14599    .13661    .12799    .12004    .11272    .10597    .09974
 32.................................................    .18568    .17339    .16210    .15171    .14214    .13333    .12520    .11769    .11076    .10435
 33.................................................    .19220    .17972    .16824    .15766    .14790    .13889    .13058    .12289    .11578    .10920
 34.................................................    .19894    .18627    .17460    .16383    .15388    .14468    .13618    .12831    .12102    .11426
 35.................................................    .20592    .19307    .18121    .17025    .16011    .15073    .14204    .13399    .12652    .11958
 36.................................................    .21312    .20010    .18805    .17691    .16658    .15701    .14814    .13990    .13225    .12514
 37.................................................    .22057    .20737    .19514    .18382    .17331    .16356    .15450    .14608    .13825    .13096
 38.................................................    .22827    .21490    .20251    .19100    .18031    .17038    .16113    .15253    .14452    .13705
 39.................................................    .23623    .22270    .21013    .19845    .18759    .17747    .16805    .15927    .15108    .14344
 40.................................................    .24446    .23078    .21805    .20620    .19516    .18487    .17527    .16631    .15795    .15013
 41.................................................    .25298    .23915    .22626    .21425    .20305    .19259    .18282    .17368    .16514    .15715
 42.................................................    .26178    .24782    .23478    .22262    .21125    .20062    .19069    .18138    .17267    .16450
 43.................................................    .27087    .25678    .24360    .23129    .21977    .20898    .19888    .18941    .18053    .17220
 44.................................................    .28025    .26603    .25273    .24027    .22860    .21766    .20740    .19777    .18873    .18023
 45.................................................    .28987    .27555    .26212    .24953    .23772    .22664    .21622    .20644    .19724    .18858
 46.................................................    .29976    .28533    .27179    .25908    .24714    .23591    .22536    .21542    .20606    .19725
 47.................................................    .30987    .29535    .28171    .26889    .25682    .24546    .23476    .22468    .21518    .20621
 48.................................................    .32023    .30563    .29190    .27897    .26678    .25530    .24447    .23425    .22460    .21549
 49.................................................    .33082    .31615    .30234    .28931    .27702    .26543    .25447    .24412    .23434    .22509
 50.................................................    .34166    .32694    .31306    .29995    .28756    .27586    .26479    .25432    .24441    .23502
 51.................................................    .35274    .33798    .32404    .31085    .29838    .28658    .27541    .26482    .25479    .24528
 52.................................................    .36402    .34924    .33525    .32200    .30946    .29757    .28630    .27561    .26547    .25584
 53.................................................    .37550    .36070    .34668    .33339    .32078    .30882    .29746    .28667    .27643    .26669
 54.................................................    .38717    .37237    .35833    .34500    .33234    .32031    .30888    .29801    .28766    .27782
 55.................................................    .39903    .38424    .37019    .35683    .34413    .33205    .32056    .30961    .29918    .28925
 56.................................................    .41108    .39631    .38227    .36890    .35617    .34405    .33250    .32149    .31099    .30097
 57.................................................    .42330    .40857    .39455    .38118    .36844    .35629    .34469    .33363    .32306    .31297
 58.................................................    .43566    .42098    .40699    .39364    .38089    .36873    .35710    .34600    .33538    .32522
 59.................................................    .44811    .43351    .41956    .40623    .39350    .38133    .36968    .35855    .34789    .33768
 60.................................................    .46066    .44613    .43224    .41896    .40624    .39408    .38243    .37127    .36058    .35033
 61.................................................    .47330    .45887    .44505    .43182    .41914    .40699    .39535    .38418    .37347    .36318
 62.................................................    .48608    .47175    .45802    .44485    .43223    .42011    .40848    .39732    .38660    .37629
 63.................................................    .49898    .48478    .47115    .45807    .44550    .43343    .42184    .41069    .39997    .38966
 64.................................................    .51200    .49793    .48442    .47143    .45895    .44694    .43539    .42427    .41357    .40326
 65.................................................    .52512    .51121    .49782    .48495    .47255    .46062    .44912    .43805    .42738    .41709
 66.................................................    .53835    .52461    .51137    .49862    .48634    .47449    .46307    .45206    .44143    .43118
 67.................................................    .55174    .53818    .52511    .51250    .50034    .48860    .47727    .46633    .45576    .44556
 68.................................................    .56524    .55188    .53899    .52654    .51452    .50291    .49168    .48083    .47034    .46020
 69.................................................    .57882    .56568    .55299    .54071    .52885    .51737    .50627    .49552    .48513    .47506
 70.................................................    .59242    .57951    .56703    .55495    .54325    .53193    .52096    .51034    .50004    .49007
 71.................................................    .60598    .59332    .58106    .56918    .55767    .54651    .53569    .52520    .51503    .50516
 72.................................................    .61948    .60707    .59504    .58338    .57206    .56108    .55043    .54009    .53004    .52029
 73.................................................    .63287    .62073    .60895    .59751    .58640    .57561    .56513    .55495    .54505    .53543
 74.................................................    .64621    .63435    .62282    .61162    .60073    .59015    .57985    .56984    .56009    .55061
 75.................................................    .65953    .64796    .63671    .62575    .61510    .60473    .59463    .58480    .57523    .56591
 76.................................................    .67287    .66160    .65063    .63995    .62954    .61940    .60952    .59989    .59050    .58135
 77.................................................    .68622    .67526    .66459    .65419    .64404    .63415    .62450    .61509    .60590    .59694
 78.................................................    .69954    .68892    .67856    .66845    .65858    .64895    .63955    .63036    .62140    .61264
 79.................................................    .71278    .70250    .69246    .68265    .67308    .66372    .65457    .64563    .63690    .62836
 80.................................................    .72581    .71588    .70618    .69668    .68740    .67833    .66945    .66077    .65227    .64396
 81.................................................    .73857    .72899    .71962    .71045    .70147    .69268    .68408    .67566    .66741    .65933
 82.................................................    .75101    .74178    .73274    .72389    .71522    .70672    .69840    .69024    .68225    .67441
 83.................................................    .76311    .75423    .74553    .73700    .72864    .72044    .71240    .70451    .69678    .68919
 84.................................................    .77497    .76645    .75809    .74988    .74183    .73393    .72618    .71857    .71110    .70377
 85.................................................    .78665    .77848    .77047    .76260    .75487    .74728    .73982    .73250    .72530    .71823
 86.................................................    .79805    .79025    .78258    .77504    .76764    .76036    .75320    .74617    .73925    .73245
 87.................................................    .80904    .80159    .79427    .78706    .77998    .77301    .76615    .75940    .75277    .74624
 88.................................................    .81962    .81251    .80552    .79865    .79188    .78521    .77865    .77220    .76584    .75958
 89.................................................    .82978    .82302    .81636    .80980    .80335    .79699    .79072    .78455    .77847    .77248
 90.................................................    .83952    .83309    .82676    .82052    .81437    .80831    .80234    .79645    .79064    .78492
 91.................................................    .84870    .84260    .83658    .83064    .82479    .81902    .81332    .80771    .80217    .79671
 92.................................................    .85716    .85136    .84563    .83998    .83441    .82891    .82348    .81812    .81283    .80761
 93.................................................    .86494    .85942    .85396    .84858    .84326    .83801    .83283    .82771    .82266    .81767
 94.................................................    .87216    .86690    .86170    .85657    .85149    .84648    .84153    .83664    .83181    .82704
 95.................................................    .87898    .87397    .86902    .86412    .85928    .85450    .84977    .84510    .84049    .83592
 96.................................................    .88537    .88060    .87587    .87121    .86659    .86203    .85751    .85305    .84864    .84427
 97.................................................    .89127    .88672    .88221    .87775    .87335    .86898    .86467    .86040    .85618    .85200
 98.................................................    .89680    .89245    .88815    .88389    .87968    .87551    .87138    .86730    .86326    .85926

[[Page 23193]]

 
 99.................................................    .90217    .89803    .89393    .88987    .88585    .88187    .87793    .87402    .87016    .86633
100.................................................    .90738    .90344    .89953    .89567    .89183    .88804    .88428    .88056    .87687    .87322
101.................................................    .91250    .90876    .90504    .90137    .89772    .89412    .89054    .88699    .88348    .88000
102.................................................    .91751    .91396    .91045    .90696    .90350    .90007    .89668    .89331    .88997    .88666
103.................................................    .92247    .91912    .91579    .91249    .90922    .90598    .90276    .89957    .89640    .89326
104.................................................    .92775    .92460    .92148    .91839    .91532    .91227    .90924    .90624    .90326    .90031
105.................................................    .93290    .92996    .92704    .92415    .92127    .91841    .91558    .91276    .90997    .90719
106.................................................    .93948    .93680    .93415    .93151    .92889    .92628    .92370    .92113    .91857    .91604
107.................................................    .94739    .94504    .94271    .94039    .93808    .93579    .93351    .93124    .92899    .92675
108.................................................    .95950    .95767    .95585    .95404    .95224    .95045    .94867    .94689    .94512    .94336
109.................................................    .97985    .97893    .97801    .97710    .97619    .97529    .97438    .97348    .97259    .97170


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            6.2%      6.4%      6.6%      6.8%      7.0%      7.2%      7.4%      7.6%      7.8%      8.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .03034    .02857    .02700    .02559    .02433    .02321    .02220    .02129    .02047    .01973
  1.................................................    .02279    .02094    .01929    .01782    .01650    .01533    .01427    .01331    .01246    .01168
  2.................................................    .02347    .02155    .01983    .01829    .01692    .01569    .01458    .01358    .01268    .01187
  3.................................................    .02444    .02243    .02065    .01905    .01761    .01632    .01516    .01412    .01317    .01232
  4.................................................    .02558    .02349    .02163    .01996    .01846    .01712    .01590    .01481    .01382    .01292
  5.................................................    .02686    .02469    .02275    .02101    .01945    .01804    .01677    .01562    .01458    .01364
  6.................................................    .02825    .02600    .02398    .02217    .02053    .01906    .01773    .01653    .01544    .01445
  7.................................................    .02976    .02742    .02532    .02343    .02172    .02019    .01880    .01754    .01640    .01536
  8.................................................    .03137    .02894    .02675    .02479    .02301    .02140    .01995    .01864    .01744    .01635
  9.................................................    .03311    .03059    .02832    .02627    .02442    .02274    .02122    .01985    .01859    .01745
 10.................................................    .03499    .03237    .03001    .02788    .02595    .02420    .02262    .02118    .01987    .01867
 11.................................................    .03700    .03428    .03183    .02961    .02760    .02578    .02413    .02262    .02125    .02000
 12.................................................    .03913    .03632    .03377    .03146    .02937    .02748    .02575    .02418    .02275    .02144
 13.................................................    .04135    .03843    .03579    .03339    .03122    .02924    .02744    .02580    .02431    .02294
 14.................................................    .04359    .04057    .03783    .03534    .03308    .03102    .02915    .02744    .02587    .02444
 15.................................................    .04584    .04270    .03986    .03728    .03493    .03279    .03083    .02905    .02742    .02593
 16.................................................    .04806    .04482    .04187    .03919    .03674    .03452    .03248    .03063    .02892    .02736
 17.................................................    .05029    .04692    .04387    .04108    .03855    .03623    .03411    .03218    .03040    .02877
 18.................................................    .05253    .04905    .04588    .04299    .04036    .03795    .03574    .03373    .03187    .03017
 19.................................................    .05484    .05124    .04796    .04496    .04222    .03972    .03742    .03532    .03339    .03161
 20.................................................    .05726    .05354    .05013    .04702    .04418    .04158    .03919    .03700    .03498    .03313
 21.................................................    .05980    .05595    .05242    .04920    .04625    .04354    .04105    .03877    .03667    .03473
 22.................................................    .06246    .05847    .05482    .05147    .04841    .04559    .04301    .04063    .03844    .03642
 23.................................................    .06524    .06112    .05734    .05387    .05069    .04777    .04508    .04260    .04032    .03821
 24.................................................    .06819    .06392    .06001    .05642    .05312    .05008    .04728    .04470    .04232    .04012
 25.................................................    .07131    .06690    .06285    .05913    .05570    .05255    .04964    .04695    .04447    .04218
 26.................................................    .07460    .07005    .06586    .06200    .05845    .05518    .05215    .04936    .04677    .04438
 27.................................................    .07810    .07340    .06907    .06508    .06140    .05800    .05485    .05195    .04925    .04676
 28.................................................    .08179    .07693    .07246    .06833    .06451    .06098    .05772    .05469    .05189    .04929
 29.................................................    .08566    .08065    .07603    .07176    .06780    .06414    .06075    .05761    .05469    .05198
 30.................................................    .08973    .08456    .07978    .07536    .07127    .06748    .06396    .06069    .05766    .05483
 31.................................................    .09398    .08865    .08372    .07915    .07491    .07098    .06733    .06394    .06078    .05785
 32.................................................    .09843    .09294    .08785    .08313    .07875    .07468    .07089    .06737    .06409    .06103
 33.................................................    .10310    .09745    .09220    .08732    .08279    .07858    .07466    .07100    .06759    .06441
 34.................................................    .10799    .10217    .09676    .09173    .08705    .08269    .07862    .07483    .07129    .06798
 35.................................................    .11314    .10715    .10157    .09638    .09155    .08704    .08283    .07890    .07522    .07179
 36.................................................    .11852    .11236    .10662    .10127    .09628    .09162    .08726    .08319    .07938    .07581
 37.................................................    .12416    .11783    .11193    .10641    .10126    .09645    .09194    .08772    .08377    .08006
 38.................................................    .13009    .12359    .11751    .11183    .10652    .10155    .09689    .09253    .08843    .08459
 39.................................................    .13629    .12962    .12338    .11753    .11206    .10693    .10212    .09761    .09337    .08938
 40.................................................    .14281    .13597    .12955    .12355    .11791    .11262    .10766    .10299    .09860    .09447
 41.................................................    .14966    .14264    .13606    .12989    .12409    .11864    .11352    .10870    .10417    .09989
 42.................................................    .15685    .14966    .14291    .13657    .13061    .12500    .11972    .11475    .11006    .10564
 43.................................................    .16437    .15702    .15010    .14360    .13747    .13171    .12627    .12115    .11631    .11174
 44.................................................    .17224    .16472    .15764    .15098    .14469    .13876    .13317    .12789    .12290    .11819
 45.................................................    .18042    .17274    .16550    .15867    .15223    .14615    .14040    .13496    .12982    .12496
 46.................................................    .18893    .18110    .17370    .16671    .16011    .15387    .14796    .14238    .13708    .13207
 47.................................................    .19775    .18975    .18220    .17505    .16830    .16190    .15584    .15010    .14466    .13950
 48.................................................    .20688    .19873    .19102    .18373    .17682    .17027    .16406    .15817    .15258    .14727
 49.................................................    .21633    .20804    .20018    .19274    .18568    .17898    .17262    .16658    .16084    .15539
 50.................................................    .22612    .21769    .20969    .20210    .19490    .18805    .18155    .17536    .16948    .16388
 51.................................................    .23625    .22769    .21955    .21182    .20448    .19749    .19084    .18452    .17849    .17275
 52.................................................    .24669    .23799    .22973    .22186    .21438    .20726    .20047    .19400    .18784    .18196
 53.................................................    .25742    .24861    .24022    .23222    .22461    .21735    .21043    .20383    .19753    .19151
 54.................................................    .26845    .25952    .25101    .24290    .23516    .22777    .22072    .21399    .20756    .20140
 55.................................................    .27978    .27074    .26212    .25389    .24604    .23853    .23136    .22450    .21793    .21166
 56.................................................    .29140    .28227    .27355    .26522    .25725    .24963    .24233    .23535    .22867    .22227
 57.................................................    .30333    .29411    .28529    .27686    .26879    .26106    .25365    .24656    .23976    .23324
 58.................................................    .31551    .30621    .29731    .28878    .28061    .27278    .26528    .25807    .25116    .24453
 59.................................................    .32790    .31854    .30956    .30095    .29269    .28477    .27716    .26986    .26284    .25610

[[Page 23194]]

 
 60.................................................    .34050    .33107    .32202    .31334    .30500    .29699    .28929    .28190    .27478    .26794
 61.................................................    .35331    .34384    .33473    .32598    .31757    .30948    .30170    .29422    .28701    .28007
 62.................................................    .36639    .35688    .34772    .33892    .33044    .32229    .31443    .30687    .29958    .29255
 63.................................................    .37974    .37020    .36101    .35216    .34363    .33542    .32750    .31986    .31250    .30539
 64.................................................    .39334    .38378    .37456    .36568    .35711    .34884    .34087    .33317    .32574    .31857
 65.................................................    .40718    .39761    .38838    .37947    .37087    .36257    .35455    .34681    .33932    .33208
 66.................................................    .42128    .41172    .40249    .39357    .38496    .37663    .36858    .36079    .35326    .34597
 67.................................................    .43569    .42616    .41694    .40803    .39941    .39107    .38299    .37518    .36761    .36028
 68.................................................    .45038    .44089    .43170    .42281    .41419    .40585    .39777    .38994    .38235    .37499
 69.................................................    .46531    .45587    .44672    .43786    .42927    .42094    .41286    .40503    .39743    .39006
 70.................................................    .48040    .47103    .46194    .45312    .44456    .43626    .42820    .42038    .41278    .40540
 71.................................................    .49558    .48629    .47727    .46851    .46000    .45174    .44371    .43591    .42832    .42095
 72.................................................    .51082    .50162    .49268    .48399    .47554    .46733    .45934    .45157    .44401    .43666
 73.................................................    .52607    .51697    .50813    .49952    .49114    .48299    .47506    .46733    .45981    .45249
 74.................................................    .54139    .53241    .52367    .51515    .50686    .49879    .49092    .48325    .47578    .46849
 75.................................................    .55683    .54798    .53936    .53095    .52276    .51477    .50698    .49938    .49197    .48474
 76.................................................    .57243    .56373    .55524    .54696    .53888    .53100    .52330    .51579    .50846    .50130
 77.................................................    .58819    .57965    .57132    .56318    .55523    .54747    .53988    .53247    .52523    .51815
 78.................................................    .60408    .59572    .58755    .57957    .57177    .56414    .55668    .54939    .54225    .53527
 79.................................................    .62001    .61184    .60385    .59604    .58840    .58092    .57360    .56644    .55943    .55256
 80.................................................    .63582    .62786    .62007    .61244    .60497    .59765    .59048    .58347    .57659    .56985
 81.................................................    .65142    .64367    .63608    .62864    .62135    .61421    .60721    .60034    .59361    .58701
 82.................................................    .66673    .65920    .65182    .64458    .63748    .63052    .62368    .61698    .61041    .60395
 83.................................................    .68175    .67444    .66728    .66024    .65334    .64656    .63991    .63338    .62696    .62066
 84.................................................    .69657    .68950    .68256    .67574    .66904    .66246    .65599    .64964    .64340    .63727
 85.................................................    .71128    .70446    .69775    .69116    .68467    .67830    .67204    .66587    .65982    .65386
 86.................................................    .72576    .71919    .71272    .70636    .70010    .69394    .68789    .68193    .67606    .67029
 87.................................................    .73981    .73349    .72726    .72114    .71511    .70917    .70333    .69757    .69190    .68632
 88.................................................    .75342    .74735    .74137    .73548    .72968    .72396    .71833    .71279    .70732    .70194
 89.................................................    .76658    .76076    .75503    .74938    .74381    .73832    .73290    .72757    .72231    .71712
 90.................................................    .77928    .77371    .76823    .76281    .75748    .75221    .74702    .74190    .73684    .73186
 91.................................................    .79131    .78600    .78075    .77557    .77046    .76542    .76044    .75553    .75068    .74589
 92.................................................    .80246    .79737    .79235    .78740    .78250    .77767    .77290    .76818    .76353    .75893
 93.................................................    .81274    .80788    .80307    .79832    .79363    .78899    .78441    .77989    .77542    .77100
 94.................................................    .82232    .81766    .81306    .80850    .80401    .79956    .79517    .79082    .78653    .78228
 95.................................................    .83141    .82695    .82254    .81818    .81387    .80961    .80539    .80122    .79710    .79302
 96.................................................    .83996    .83569    .83147    .82729    .82316    .81907    .81503    .81103    .80707    .80315
 97.................................................    .84787    .84378    .83973    .83573    .83176    .82784    .82396    .82012    .81632    .81255
 98.................................................    .85530    .85138    .84750    .84366    .83985    .83609    .83236    .82867    .82502    .82140
 99.................................................    .86255    .85880    .85508    .85140    .84776    .84415    .84057    .83703    .83353    .83005
100.................................................    .86960    .86601    .86246    .85894    .85546    .85200    .84858    .84519    .84183    .83849
101.................................................    .87655    .87313    .86974    .86638    .86305    .85975    .85648    .85324    .85003    .84684
102.................................................    .88338    .88012    .87689    .87369    .87052    .86738    .86426    .86116    .85809    .85505
103.................................................    .89015    .88706    .88399    .88095    .87793    .87494    .87197    .86903    .86611    .86321
104.................................................    .89737    .89446    .89157    .88871    .88586    .88304    .88024    .87745    .87469    .87195
105.................................................    .90443    .90170    .89898    .89628    .89360    .89094    .88830    .88568    .88307    .88049
106.................................................    .91351    .91101    .90852    .90605    .90359    .90115    .89873    .89632    .89392    .89154
107.................................................    .92452    .92230    .92010    .91791    .91573    .91356    .91141    .90927    .90714    .90502
108.................................................    .94161    .93987    .93814    .93641    .93469    .93298    .93128    .92958    .92790    .92622
109.................................................    .97081    .96992    .96904    .96816    .96729    .96642    .96555    .96468    .96382    .96296


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            8.2%      8.4%      8.6%      8.8%      9.0%      9.2%      9.4%      9.6%      9.8%      10.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01906    .01845    .01790    .01740    .01694    .01652    .01613    .01578    .01546    .01516
  1.................................................    .01098    .01034    .00977    .00924    .00876    .00833    .00793    .00756    .00722    .00691
  2.................................................    .01113    .01046    .00986    .00930    .00880    .00834    .00791    .00753    .00717    .00684
  3.................................................    .01155    .01084    .01020    .00962    .00909    .00860    .00816    .00775    .00737    .00702
  4.................................................    .01211    .01137    .01069    .01008    .00952    .00900    .00853    .00810    .00770    .00733
  5.................................................    .01279    .01201    .01130    .01065    .01006    .00952    .00902    .00856    .00814    .00775
  6.................................................    .01356    .01274    .01199    .01131    .01068    .01011    .00959    .00910    .00865    .00824
  7.................................................    .01442    .01356    .01277    .01205    .01140    .01079    .01023    .00972    .00925    .00881
  8.................................................    .01536    .01446    .01363    .01287    .01218    .01154    .01096    .01041    .00991    .00945
  9.................................................    .01641    .01546    .01460    .01380    .01307    .01240    .01178    .01120    .01068    .01019
 10.................................................    .01758    .01659    .01567    .01484    .01407    .01336    .01270    .01210    .01154    .01103
 11.................................................    .01886    .01781    .01686    .01598    .01517    .01442    .01373    .01310    .01251    .01196
 12.................................................    .02024    .01915    .01814    .01721    .01636    .01558    .01485    .01419    .01357    .01299
 13.................................................    .02168    .02054    .01948    .01851    .01762    .01679    .01603    .01533    .01467    .01407
 14.................................................    .02313    .02193    .02083    .01981    .01887    .01801    .01721    .01646    .01578    .01514
 15.................................................    .02456    .02330    .02214    .02107    .02009    .01918    .01834    .01756    .01684    .01617
 16.................................................    .02593    .02462    .02340    .02229    .02126    .02030    .01942    .01860    .01785    .01714
 17.................................................    .02728    .02590    .02463    .02346    .02238    .02138    .02046    .01960    .01880    .01806
 18.................................................    .02861    .02717    .02584    .02462    .02348    .02243    .02146    .02056    .01972    .01894
 19.................................................    .02998    .02847    .02708    .02580    .02461    .02351    .02249    .02154    .02066    .01984
 20.................................................    .03142    .02984    .02839    .02704    .02580    .02465    .02357    .02258    .02165    .02079

[[Page 23195]]

 
 21.................................................    .03295    .03130    .02978    .02837    .02706    .02585    .02473    .02368    .02271    .02180
 22.................................................    .03455    .03283    .03124    .02976    .02839    .02712    .02594    .02484    .02382    .02286
 23.................................................    .03626    .03446    .03279    .03124    .02981    .02847    .02723    .02608    .02500    .02400
 24.................................................    .03809    .03620    .03446    .03283    .03133    .02993    .02863    .02741    .02628    .02522
 25.................................................    .04005    .03808    .03625    .03456    .03298    .03151    .03014    .02887    .02768    .02656
 26.................................................    .04216    .04010    .03819    .03641    .03476    .03322    .03178    .03044    .02919    .02802
 27.................................................    .04444    .04229    .04029    .03843    .03670    .03508    .03357    .03217    .03085    .02962
 28.................................................    .04687    .04463    .04254    .04059    .03877    .03708    .03550    .03402    .03263    .03133
 29.................................................    .04946    .04712    .04493    .04289    .04099    .03922    .03756    .03600    .03455    .03318
 30.................................................    .05221    .04976    .04748    .04534    .04335    .04149    .03975    .03812    .03659    .03515
 31.................................................    .05511    .05255    .05017    .04794    .04585    .04390    .04208    .04037    .03876    .03725
 32.................................................    .05818    .05551    .05302    .05069    .04851    .04647    .04455    .04276    .04107    .03948
 33.................................................    .06144    .05866    .05606    .05363    .05135    .04921    .04720    .04532    .04355    .04188
 34.................................................    .06489    .06200    .05928    .05674    .05436    .05212    .05002    .04805    .04619    .04444
 35.................................................    .06857    .06555    .06273    .06007    .05758    .05524    .05304    .05097    .04902    .04718
 36.................................................    .07246    .06932    .06638    .06361    .06101    .05856    .05626    .05409    .05205    .05012
 37.................................................    .07659    .07332    .07025    .06737    .06466    .06210    .05969    .05742    .05528    .05325
 38.................................................    .08098    .07758    .07439    .07138    .06855    .06588    .06336    .06099    .05874    .05662
 39.................................................    .08563    .08210    .07878    .07565    .07270    .06992    .06729    .06480    .06245    .06023
 40.................................................    .09059    .08692    .08347    .08021    .07714    .07423    .07149    .06889    .06643    .06411
 41.................................................    .09586    .09206    .08848    .08509    .08189    .07886    .07600    .07329    .07072    .06828
 42.................................................    .10147    .09753    .09381    .09029    .08696    .08381    .08083    .07800    .07531    .07277
 43.................................................    .10742    .10334    .09948    .09583    .09237    .08909    .08598    .08304    .08024    .07758
 44.................................................    .11373    .10950    .10551    .10172    .09813    .09472    .09148    .08841    .08549    .08272
 45.................................................    .12035    .11599    .11185    .10792    .10420    .10066    .09730    .09410    .09106    .08817
 46.................................................    .12732    .12281    .11853    .11447    .11061    .10694    .10345    .10013    .09696    .09395
 47.................................................    .13460    .12995    .12553    .12133    .11733    .11353    .10991    .10646    .10317    .10004
 48.................................................    .14223    .13743    .13287    .12853    .12439    .12046    .11671    .11313    .10972    .10646
 49.................................................    .15020    .14526    .14056    .13608    .13181    .12774    .12385    .12015    .11661    .11322
 50.................................................    .15855    .15347    .14862    .14401    .13960    .13540    .13138    .12754    .12388    .12037
 51.................................................    .16727    .16205    .15707    .15232    .14777    .14344    .13929    .13532    .13153    .12789
 52.................................................    .17634    .17098    .16587    .16097    .15630    .15183    .14755    .14345    .13953    .13577
 53.................................................    .18576    .18027    .17501    .16999    .16518    .16057    .15616    .15194    .14789    .14400
 54.................................................    .19552    .18990    .18451    .17935    .17441    .16968    .16514    .16078    .15661    .15260
 55.................................................    .20564    .19989    .19437    .18908    .18402    .17915    .17449    .17001    .16571    .16157
 56.................................................    .21613    .21025    .20461    .19919    .19400    .18901    .18422    .17962    .17519    .17093
 57.................................................    .22698    .22098    .21522    .20968    .20436    .19925    .19434    .18961    .18507    .18069
 58.................................................    .23816    .23204    .22616    .22051    .21507    .20984    .20481    .19996    .19530    .19080
 59.................................................    .24962    .24339    .23740    .23163    .22608    .22073    .21558    .21062    .20584    .20123
 60.................................................    .26136    .25502    .24892    .24304    .23738    .23192    .22666    .22158    .21669    .21196
 61.................................................    .27339    .26695    .26075    .25477    .24900    .24343    .23806    .23288    .22787    .22304
 62.................................................    .28578    .27925    .27295    .26687    .26100    .25533    .24985    .24456    .23945    .23451
 63.................................................    .29854    .29192    .28553    .27935    .27339    .26762    .26205    .25666    .25145    .24641
 64.................................................    .31164    .30494    .29846    .29221    .28615    .28030    .27463    .26915    .26384    .25870
 65.................................................    .32508    .31831    .31177    .30543    .29930    .29336    .28761    .28203    .27663    .27140
 66.................................................    .33891    .33208    .32547    .31906    .31285    .30684    .30101    .29536    .28987    .28456
 67.................................................    .35318    .34630    .33963    .33316    .32689    .32081    .31491    .30918    .30363    .29823
 68.................................................    .36785    .36093    .35422    .34770    .34138    .33524    .32928    .32349    .31787    .31240
 69.................................................    .38290    .37595    .36920    .36265    .35628    .35009    .34408    .33824    .33256    .32703
 70.................................................    .39823    .39127    .38450    .37791    .37151    .36529    .35924    .35335    .34762    .34204
 71.................................................    .41378    .40681    .40003    .39343    .38701    .38076    .37467    .36875    .36298    .35736
 72.................................................    .42950    .42253    .41575    .40914    .40271    .39644    .39034    .38438    .37858    .37293
 73.................................................    .44535    .43840    .43162    .42502    .41858    .41231    .40619    .40022    .39440    .38872
 74.................................................    .46139    .45446    .44771    .44112    .43469    .42842    .42230    .41632    .41049    .40479
 75.................................................    .47769    .47080    .46408    .45752    .45111    .44485    .43874    .43277    .42693    .42123
 76.................................................    .49430    .48747    .48079    .47427    .46790    .46167    .45558    .44963    .44380    .43811
 77.................................................    .51123    .50447    .49786    .49139    .48506    .47888    .47282    .46690    .46111    .45543
 78.................................................    .52845    .52177    .51523    .50884    .50257    .49645    .49044    .48457    .47881    .47317
 79.................................................    .54584    .53926    .53282    .52650    .52032    .51426    .50833    .50251    .49681    .49122
 80.................................................    .56325    .55678    .55044    .54423    .53813    .53216    .52630    .52056    .51492    .50939
 81.................................................    .58054    .57419    .56797    .56186    .55587    .54999    .54422    .53856    .53300    .52754
 82.................................................    .59762    .59140    .58530    .57931    .57343    .56766    .56198    .55641    .55094    .54557
 83.................................................    .61448    .60840    .60243    .59657    .59081    .58515    .57958    .57411    .56874    .56346
 84.................................................    .63124    .62531    .61949    .61376    .60813    .60259    .59715    .59179    .58652    .58134
 85.................................................    .64800    .64224    .63657    .63099    .62550    .62010    .61478    .60955    .60441    .59934
 86.................................................    .66461    .65902    .65351    .64810    .64276    .63751    .63233    .62724    .62222    .61728
 87.................................................    .68083    .67541    .67008    .66483    .65965    .65455    .64953    .64458    .63970    .63489
 88.................................................    .69663    .69140    .68624    .68116    .67615    .67121    .66634    .66154    .65680    .65213
 89.................................................    .71201    .70696    .70199    .69708    .69224    .68747    .68276    .67811    .67353    .66900
 90.................................................    .72694    .72209    .71730    .71257    .70791    .70330    .69876    .69427    .68984    .68547
 91.................................................    .74117    .73650    .73190    .72735    .72286    .71842    .71404    .70972    .70545    .70123
 92.................................................    .75439    .74991    .74548    .74110    .73678    .73251    .72829    .72412    .72000    .71593
 93.................................................    .76664    .76233    .75806    .75385    .74969    .74557    .74150    .73748    .73350    .72957
 94.................................................    .77809    .77394    .76983    .76578    .76177    .75780    .75388    .75000    .74616    .74237

[[Page 23196]]

 
 95.................................................    .78899    .78500    .78106    .77715    .77329    .76947    .76569    .76195    .75826    .75460
 96.................................................    .79928    .79544    .79165    .78790    .78418    .78050    .77686    .77326    .76970    .76617
 97.................................................    .80883    .80514    .80149    .79787    .79430    .79075    .78725    .78377    .78033    .77693
 98.................................................    .81781    .81427    .81075    .80727    .80382    .80041    .79703    .79368    .79036    .78708
 99.................................................    .82661    .82320    .81982    .81648    .81316    .80988    .80662    .80340    .80020    .79704
100.................................................    .83519    .83192    .82868    .82547    .82228    .81913    .81600    .81290    .80982    .80678
101.................................................    .84368    .84055    .83744    .83437    .83131    .82829    .82529    .82231    .81936    .81643
102.................................................    .85203    .84904    .84607    .84313    .84021    .83731    .83444    .83159    .82876    .82596
103.................................................    .86034    .85748    .85465    .85184    .84906    .84629    .84355    .84082    .83812    .83544
104.................................................    .86923    .86653    .86385    .86119    .85855    .85593    .85333    .85074    .84818    .84563
105.................................................    .87792    .87537    .87283    .87032    .86782    .86534    .86287    .86042    .85799    .85557
106.................................................    .88918    .88683    .88450    .88218    .87987    .87758    .87530    .87304    .87079    .86855
107.................................................    .90291    .90082    .89873    .89666    .89460    .89255    .89051    .88849    .88647    .88447
108.................................................    .92455    .92288    .92123    .91958    .91794    .91630    .91468    .91306    .91145    .90984
109.................................................    .96211    .96125    .96041    .95956    .95872    .95788    .95704    .95620    .95537    .95455


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            10.2%     10.4%     10.6%     10.8%     11.0%     11.2%     11.4%     11.6%     11.8%     12.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01488    .01463    .01439    .01417    .01396    .01377    .01359    .01343    .01327    .01312
  1.................................................    .00662    .00636    .00612    .00589    .00568    .00548    .00530    .00513    .00497    .00482
  2.................................................    .00654    .00626    .00600    .00576    .00554    .00533    .00514    .00496    .00479    .00463
  3.................................................    .00670    .00641    .00613    .00588    .00564    .00542    .00522    .00502    .00484    .00468
  4.................................................    .00699    .00668    .00639    .00612    .00587    .00563    .00542    .00521    .00502    .00484
  5.................................................    .00739    .00706    .00675    .00646    .00620    .00595    .00571    .00550    .00529    .00510
  6.................................................    .00786    .00751    .00718    .00687    .00659    .00633    .00608    .00585    .00563    .00543
  7.................................................    .00841    .00803    .00769    .00736    .00706    .00678    .00652    .00627    .00604    .00582
  8.................................................    .00902    .00863    .00826    .00791    .00759    .00730    .00702    .00675    .00651    .00628
  9.................................................    .00973    .00931    .00892    .00856    .00822    .00790    .00760    .00733    .00706    .00682
 10.................................................    .01055    .01010    .00969    .00930    .00894    .00861    .00829    .00799    .00772    .00746
 11.................................................    .01146    .01099    .01055    .01014    .00976    .00940    .00907    .00875    .00846    .00818
 12.................................................    .01246    .01196    .01150    .01106    .01066    .01028    .00993    .00960    .00928    .00899
 13.................................................    .01351    .01298    .01249    .01204    .01161    .01121    .01084    .01049    .01016    .00985
 14.................................................    .01455    .01400    .01348    .01300    .01255    .01213    .01173    .01136    .01102    .01069
 15.................................................    .01555    .01497    .01443    .01392    .01345    .01300    .01259    .01220    .01183    .01148
 16.................................................    .01648    .01587    .01530    .01477    .01427    .01380    .01336    .01295    .01257    .01220
 17.................................................    .01737    .01673    .01612    .01556    .01504    .01455    .01408    .01365    .01324    .01286
 18.................................................    .01822    .01754    .01691    .01632    .01576    .01525    .01476    .01430    .01387    .01347
 19.................................................    .01908    .01837    .01770    .01708    .01650    .01595    .01544    .01495    .01450    .01407
 20.................................................    .01999    .01924    .01854    .01788    .01726    .01669    .01615    .01564    .01516    .01471
 21.................................................    .02096    .02017    .01943    .01874    .01809    .01748    .01691    .01637    .01586    .01539
 22.................................................    .02197    .02114    .02036    .01963    .01895    .01830    .01770    .01713    .01660    .01610
 23.................................................    .02306    .02218    .02136    .02059    .01987    .01919    .01855    .01795    .01739    .01686
 24.................................................    .02424    .02331    .02245    .02163    .02087    .02016    .01948    .01885    .01825    .01769
 25.................................................    .02552    .02455    .02364    .02278    .02197    .02122    .02051    .01984    .01920    .01861
 26.................................................    .02692    .02589    .02493    .02403    .02318    .02238    .02162    .02091    .02025    .01961
 27.................................................    .02846    .02738    .02636    .02541    .02451    .02367    .02287    .02212    .02141    .02074
 28.................................................    .03012    .02898    .02791    .02690    .02595    .02506    .02422    .02342    .02267    .02196
 29.................................................    .03190    .03070    .02957    .02851    .02751    .02656    .02567    .02483    .02404    .02329
 30.................................................    .03381    .03254    .03135    .03023    .02917    .02817    .02723    .02634    .02551    .02471
 31.................................................    .03583    .03450    .03324    .03206    .03094    .02989    .02890    .02796    .02707    .02623
 32.................................................    .03799    .03659    .03527    .03402    .03284    .03173    .03068    .02968    .02874    .02785
 33.................................................    .04031    .03883    .03744    .03612    .03488    .03371    .03260    .03155    .03055    .02961
 34.................................................    .04279    .04123    .03976    .03838    .03707    .03583    .03465    .03354    .03249    .03149
 35.................................................    .04545    .04382    .04227    .04081    .03943    .03812    .03688    .03571    .03459    .03354
 36.................................................    .04830    .04658    .04495    .04341    .04196    .04058    .03927    .03803    .03685    .03573
 37.................................................    .05134    .04953    .04782    .04620    .04467    .04321    .04183    .04052    .03928    .03809
 38.................................................    .05462    .05272    .05092    .04921    .04760    .04606    .04461    .04322    .04191    .04066
 39.................................................    .05812    .05613    .05424    .05245    .05075    .04913    .04760    .04614    .04475    .04343
 40.................................................    .06190    .05981    .05782    .05594    .05415    .05245    .05083    .04929    .04783    .04643
 41.................................................    .06597    .06378    .06170    .05972    .05784    .05605    .05435    .05272    .05118    .04970
 42.................................................    .07035    .06806    .06587    .06380    .06182    .05994    .05815    .05644    .05481    .05326
 43.................................................    .07505    .07265    .07036    .06818    .06611    .06414    .06225    .06045    .05874    .05710
 44.................................................    .08008    .07757    .07518    .07290    .07072    .06865    .06667    .06478    .06298    .06125
 45.................................................    .08542    .08279    .08029    .07791    .07563    .07346    .07138    .06940    .06750    .06569
 46.................................................    .09108    .08834    .08573    .08324    .08085    .07858    .07640    .07432    .07233    .07043
 47.................................................    .09705    .09419    .09147    .08886    .08637    .08399    .08172    .07954    .07745    .07545
 48.................................................    .10335    .10038    .09754    .09482    .09222    .08973    .08735    .08507    .08288    .08078
 49.................................................    .10999    .10690    .10394    .10111    .09840    .09581    .09332    .09093    .08864    .08644
 50.................................................    .11701    .11380    .11073    .10778    .10496    .10225    .09965    .09716    .09477    .09247
 51.................................................    .12441    .12108    .11789    .11482    .11189    .10907    .10636    .10376    .10126    .09886
 52.................................................    .13217    .12871    .12540    .12222    .11916    .11623    .11341    .11071    .10810    .10560
 53.................................................    .14028    .13670    .13327    .12997    .12680    .12375    .12082    .11801    .11529    .11268
 54.................................................    .14875    .14505    .14150    .13808    .13480    .13163    .12859    .12566    .12284    .12012
 55.................................................    .15760    .15378    .15011    .14657    .14317    .13989    .13674    .13370    .13077    .12794

[[Page 23197]]

 
 56.................................................    .16684    .16290    .15911    .15546    .15194    .14855    .14528    .14213    .13909    .13615
 57.................................................    .17648    .17242    .16851    .16474    .16111    .15760    .15422    .15096    .14781    .14477
 58.................................................    .18647    .18229    .17827    .17438    .17064    .16702    .16353    .16015    .15689    .15374
 59.................................................    .19678    .19249    .18835    .18435    .18049    .17676    .17316    .16968    .16631    .16305
 60.................................................    .20740    .20300    .19875    .19464    .19066    .18682    .18311    .17952    .17604    .17268
 61.................................................    .21837    .21385    .20949    .20527    .20119    .19724    .19341    .18971    .18613    .18266
 62.................................................    .22973    .22511    .22064    .21631    .21212    .20807    .20414    .20033    .19664    .19306
 63.................................................    .24152    .23680    .23222    .22779    .22350    .21934    .21530    .21139    .20760    .20392
 64.................................................    .25372    .24890    .24422    .23969    .23529    .23103    .22690    .22289    .21899    .21521
 65.................................................    .26633    .26141    .25664    .25201    .24752    .24316    .23893    .23482    .23083    .22695
 66.................................................    .27940    .27439    .26953    .26481    .26023    .25577    .25145    .24724    .24316    .23918
 67.................................................    .29299    .28790    .28296    .27815    .27348    .26894    .26453    .26024    .25606    .25200
 68.................................................    .30709    .30193    .29691    .29202    .28728    .28265    .27816    .27378    .26952    .26537
 69.................................................    .32166    .31643    .31134    .30639    .30157    .29687    .29230    .28785    .28351    .27928
 70.................................................    .33661    .33133    .32618    .32116    .31628    .31152    .30688    .30235    .29794    .29364
 71.................................................    .35188    .34654    .34134    .33627    .33133    .32651    .32181    .31722    .31275    .30838
 72.................................................    .36742    .36204    .35679    .35168    .34668    .34181    .33706    .33241    .32788    .32345
 73.................................................    .38317    .37776    .37248    .36733    .36229    .35738    .35257    .34788    .34330    .33882
 74.................................................    .39923    .39380    .38849    .38330    .37823    .37328    .36844    .36370    .35908    .35455
 75.................................................    .41566    .41021    .40489    .39968    .39459    .38961    .38474    .37997    .37531    .37074
 76.................................................    .43254    .42709    .42176    .41655    .41144    .40645    .40156    .39677    .39208    .38749
 77.................................................    .44988    .44444    .43912    .43391    .42880    .42380    .41891    .41411    .40940    .40479
 78.................................................    .46765    .46224    .45694    .45174    .44665    .44166    .43677    .43197    .42726    .42265
 79.................................................    .48574    .48037    .47510    .46993    .46487    .45990    .45502    .45024    .44554    .44094
 80.................................................    .50397    .49865    .49343    .48830    .48327    .47834    .47349    .46873    .46406    .45947
 81.................................................    .52219    .51693    .51176    .50669    .50171    .49682    .49201    .48729    .48265    .47809
 82.................................................    .54029    .53510    .53000    .52499    .52007    .51523    .51047    .50580    .50120    .49667
 83.................................................    .55826    .55315    .54813    .54319    .53834    .53356    .52886    .52424    .51969    .51522
 84.................................................    .57624    .57123    .56629    .56144    .55666    .55195    .54732    .54277    .53828    .53386
 85.................................................    .59435    .58944    .58460    .57984    .57516    .57054    .56599    .56151    .55710    .55275
 86.................................................    .61241    .60762    .60289    .59824    .59365    .58913    .58468    .58029    .57596    .57170
 87.................................................    .63015    .62548    .62087    .61633    .61185    .60744    .60309    .59880    .59456    .59039
 88.................................................    .64753    .64299    .63851    .63409    .62973    .62543    .62118    .61700    .61287    .60879
 89.................................................    .66454    .66013    .65579    .65150    .64726    .64308    .63895    .63488    .63086    .62689
 90.................................................    .68115    .67689    .67268    .66853    .66442    .66037    .65637    .65241    .64851    .64465
 91.................................................    .69706    .69294    .68887    .68486    .68089    .67696    .67309    .66925    .66547    .66173
 92.................................................    .71190    .70792    .70399    .70011    .69627    .69247    .68872    .68501    .68134    .67771
 93.................................................    .72569    .72184    .71804    .71429    .71057    .70689    .70326    .69967    .69611    .69259
 94.................................................    .73861    .73490    .73123    .72759    .72400    .72044    .71692    .71344    .71000    .70659
 95.................................................    .75097    .74739    .74384    .74033    .73686    .73342    .73002    .72665    .72331    .72001
 96.................................................    .76267    .75922    .75579    .75240    .74905    .74572    .74243    .73917    .73595    .73275
 97.................................................    .77356    .77022    .76691    .76363    .76039    .75718    .75399    .75084    .74772    .74463
 98.................................................    .78382    .78059    .77740    .77423    .77110    .76799    .76491    .76186    .75884    .75584
 99.................................................    .79390    .79079    .78771    .78465    .78162    .77862    .77565    .77270    .76978    .76688
100.................................................    .80376    .80076    .79779    .79485    .79193    .78904    .78617    .78333    .78051    .77771
101.................................................    .81353    .81066    .80780    .80497    .80217    .79938    .79662    .79388    .79117    .78847
102.................................................    .82318    .82042    .81768    .81496    .81227    .80960    .80694    .80431    .80170    .79911
103.................................................    .83278    .83014    .82752    .82491    .82233    .81977    .81723    .81470    .81220    .80971
104.................................................    .84310    .84059    .83810    .83563    .83317    .83073    .82831    .82591    .82352    .82115
105.................................................    .85318    .85079    .84843    .84607    .84374    .84142    .83911    .83682    .83455    .83229
106.................................................    .86633    .86413    .86193    .85975    .85758    .85543    .85329    .85116    .84904    .84694
107.................................................    .88247    .88049    .87852    .87656    .87460    .87266    .87073    .86881    .86690    .86500
108.................................................    .90825    .90666    .90507    .90350    .90193    .90037    .89881    .89727    .89572    .89419
109.................................................    .95372    .95290    .95208    .95126    .95045    .94964    .94883    .94803    .94723    .94643


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            12.2%     12.4%     12.6%     12.8%     13.0%     13.2%     13.4%     13.6%     13.8%     14.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01298    .01285    .01273    .01261    .01250    .01240    .01230    .01221    .01212    .01203
  1.................................................    .00468    .00455    .00443    .00431    .00420    .00410    .00400    .00391    .00382    .00374
  2.................................................    .00448    .00435    .00421    .00409    .00398    .00387    .00376    .00366    .00357    .00348
  3.................................................    .00452    .00437    .00423    .00410    .00398    .00386    .00375    .00365    .00355    .00345
  4.................................................    .00468    .00452    .00437    .00423    .00410    .00397    .00386    .00375    .00364    .00354
  5.................................................    .00493    .00476    .00460    .00445    .00431    .00418    .00405    .00393    .00382    .00371
  6.................................................    .00524    .00506    .00489    .00473    .00458    .00444    .00430    .00418    .00406    .00394
  7.................................................    .00562    .00543    .00525    .00508    .00492    .00477    .00462    .00449    .00436    .00423
  8.................................................    .00606    .00586    .00566    .00548    .00531    .00515    .00499    .00485    .00471    .00458
  9.................................................    .00659    .00637    .00616    .00597    .00579    .00561    .00545    .00529    .00514    .00500
 10.................................................    .00721    .00698    .00676    .00655    .00636    .00617    .00600    .00583    .00567    .00552
 11.................................................    .00792    .00767    .00744    .00722    .00701    .00682    .00663    .00645    .00628    .00612
 12.................................................    .00871    .00845    .00821    .00797    .00775    .00754    .00735    .00716    .00698    .00681
 13.................................................    .00955    .00928    .00902    .00877    .00854    .00831    .00810    .00790    .00771    .00753
 14.................................................    .01038    .01009    .00981    .00955    .00930    .00907    .00885    .00864    .00843    .00824
 15.................................................    .01116    .01085    .01056    .01028    .01002    .00977    .00954    .00932    .00910    .00890
 16.................................................    .01186    .01153    .01123    .01094    .01066    .01040    .01015    .00992    .00969    .00948

[[Page 23198]]

 
 17.................................................    .01250    .01215    .01183    .01152    .01124    .01096    .01070    .01045    .01022    .00999
 18.................................................    .01308    .01272    .01238    .01206    .01175    .01147    .01119    .01093    .01068    .01044
 19.................................................    .01367    .01329    .01293    .01259    .01227    .01196    .01167    .01140    .01113    .01088
 20.................................................    .01428    .01388    .01350    .01314    .01280    .01248    .01217    .01188    .01161    .01134
 21.................................................    .01494    .01451    .01411    .01373    .01337    .01303    .01271    .01240    .01211    .01183
 22.................................................    .01562    .01517    .01475    .01435    .01397    .01361    .01326    .01294    .01263    .01233
 23.................................................    .01635    .01588    .01543    .01501    .01460    .01422    .01386    .01351    .01319    .01287
 24.................................................    .01716    .01665    .01618    .01573    .01530    .01489    .01451    .01415    .01380    .01347
 25.................................................    .01804    .01751    .01701    .01653    .01608    .01565    .01524    .01485    .01448    .01413
 26.................................................    .01902    .01845    .01792    .01741    .01693    .01648    .01604    .01563    .01524    .01487
 27.................................................    .02011    .01951    .01895    .01841    .01790    .01742    .01696    .01652    .01610    .01571
 28.................................................    .02129    .02066    .02006    .01949    .01895    .01844    .01795    .01748    .01704    .01662
 29.................................................    .02258    .02191    .02127    .02067    .02009    .01955    .01903    .01853    .01806    .01762
 30.................................................    .02396    .02325    .02257    .02193    .02132    .02074    .02019    .01966    .01916    .01869
 31.................................................    .02543    .02467    .02396    .02328    .02263    .02201    .02143    .02087    .02034    .01983
 32.................................................    .02701    .02621    .02545    .02472    .02404    .02338    .02276    .02217    .02160    .02106
 33.................................................    .02871    .02786    .02706    .02629    .02556    .02487    .02420    .02357    .02297    .02240
 34.................................................    .03054    .02964    .02879    .02797    .02720    .02646    .02576    .02509    .02445    .02383
 35.................................................    .03253    .03158    .03067    .02981    .02898    .02820    .02745    .02674    .02606    .02541
 36.................................................    .03467    .03366    .03269    .03178    .03090    .03007    .02928    .02852    .02779    .02710
 37.................................................    .03697    .03590    .03488    .03391    .03298    .03209    .03125    .03044    .02967    .02893
 38.................................................    .03947    .03833    .03725    .03622    .03524    .03430    .03340    .03254    .03172    .03094
 39.................................................    .04217    .04096    .03982    .03873    .03768    .03669    .03573    .03482    .03395    .03312
 40.................................................    .04510    .04383    .04262    .04146    .04035    .03930    .03828    .03732    .03639    .03550
 41.................................................    .04830    .04695    .04567    .04445    .04327    .04215    .04108    .04005    .03907    .03812
 42.................................................    .05177    .05035    .04900    .04770    .04646    .04527    .04413    .04304    .04200    .04100
 43.................................................    .05553    .05404    .05261    .05123    .04992    .04866    .04746    .04630    .04520    .04413
 44.................................................    .05960    .05802    .05651    .05506    .05368    .05235    .05107    .04985    .04867    .04754
 45.................................................    .06395    .06229    .06069    .05917    .05770    .05630    .05495    .05365    .05241    .05121
 46.................................................    .06860    .06685    .06517    .06356    .06202    .06053    .05911    .05774    .05643    .05516
 47.................................................    .07353    .07169    .06992    .06823    .06660    .06504    .06353    .06209    .06070    .05936
 48.................................................    .07877    .07684    .07498    .07320    .07149    .06984    .06826    .06673    .06527    .06385
 49.................................................    .08433    .08231    .08036    .07849    .07669    .07495    .07329    .07168    .07013    .06864
 50.................................................    .09026    .08814    .08609    .08413    .08224    .08042    .07867    .07698    .07535    .07378
 51.................................................    .09655    .09433    .09219    .09013    .08815    .08624    .08440    .08262    .08091    .07926
 52.................................................    .10318    .10086    .09863    .09647    .09439    .09239    .09046    .08860    .08680    .08506
 53.................................................    .11017    .10774    .10541    .10315    .10098    .09888    .09686    .09491    .09302    .09120
 54.................................................    .11750    .11498    .11254    .11019    .10792    .10572    .10361    .10156    .09958    .09767
 55.................................................    .12522    .12258    .12005    .11759    .11522    .11294    .11072    .10859    .10652    .10451
 56.................................................    .13332    .13059    .12794    .12539    .12292    .12054    .11823    .11599    .11383    .11174
 57.................................................    .14183    .13899    .13624    .13359    .13102    .12853    .12613    .12380    .12154    .11936
 58.................................................    .15070    .14775    .14490    .14215    .13948    .13689    .13439    .13197    .12962    .12734
 59.................................................    .15990    .15685    .15389    .15103    .14826    .14558    .14298    .14046    .13801    .13564
 60.................................................    .16942    .16626    .16321    .16024    .15737    .15459    .15189    .14927    .14673    .14426
 61.................................................    .17929    .17603    .17287    .16981    .16684    .16395    .16115    .15844    .15580    .15324
 62.................................................    .18960    .18623    .18297    .17980    .17673    .17375    .17085    .16803    .16530    .16264
 63.................................................    .20035    .19688    .19352    .19025    .18708    .18400    .18100    .17809    .17525    .17250
 64.................................................    .21154    .20797    .20451    .20114    .19787    .19469    .19159    .18859    .18566    .18281
 65.................................................    .22318    .21951    .21595    .21249    .20912    .20584    .20265    .19955    .19652    .19358
 66.................................................    .23532    .23156    .22790    .22434    .22088    .21751    .21422    .21102    .20791    .20487
 67.................................................    .24804    .24419    .24044    .23679    .23324    .22977    .22640    .22311    .21990    .21678
 68.................................................    .26133    .25740    .25356    .24983    .24618    .24263    .23917    .23579    .23250    .22929
 69.................................................    .27516    .27114    .26723    .26341    .25969    .25605    .25251    .24905    .24567    .24237
 70.................................................    .28945    .28536    .28137    .27747    .27367    .26996    .26633    .26279    .25934    .25596
 71.................................................    .30412    .29996    .29590    .29193    .28806    .28427    .28057    .27696    .27343    .26998
 72.................................................    .31913    .31491    .31078    .30675    .30281    .29895    .29519    .29150    .28790    .28438
 73.................................................    .33444    .33016    .32597    .32188    .31788    .31396    .31013    .30638    .30271    .29913
 74.................................................    .35012    .34579    .34155    .33741    .33335    .32938    .32549    .32168    .31795    .31430
 75.................................................    .36628    .36190    .35762    .35343    .34932    .34530    .34136    .33750    .33372    .33001
 76.................................................    .38299    .37858    .37427    .37004    .36589    .36183    .35784    .35394    .35011    .34636
 77.................................................    .40028    .39585    .39151    .38725    .38307    .37898    .37496    .37103    .36716    .36337
 78.................................................    .41812    .41368    .40933    .40506    .40086    .39675    .39271    .38874    .38485    .38103
 79.................................................    .43641    .43198    .42762    .42334    .41914    .41502    .41096    .40698    .40308    .39924
 80.................................................    .45496    .45054    .44619    .44192    .43772    .43360    .42954    .42556    .42164    .41779
 81.................................................    .47360    .46920    .46487    .46061    .45643    .45231    .44827    .44429    .44038    .43653
 82.................................................    .49223    .48785    .48355    .47932    .47516    .47106    .46703    .46307    .45916    .45532
 83.................................................    .51081    .50648    .50221    .49802    .49388    .48982    .48581    .48187    .47799    .47416
 84.................................................    .52951    .52523    .52101    .51686    .51277    .50874    .50477    .50086    .49701    .49321
 85.................................................    .54847    .54425    .54009    .53600    .53196    .52798    .52406    .52019    .51638    .51262
 86.................................................    .56749    .56335    .55926    .55523    .55126    .54734    .54348    .53966    .53591    .53220
 87.................................................    .58627    .58221    .57820    .57425    .57035    .56650    .56270    .55895    .55526    .55161
 88.................................................    .60477    .60079    .59688    .59301    .58919    .58542    .58170    .57802    .57439    .57081
 89.................................................    .62297    .61909    .61527    .61149    .60776    .60408    .60044    .59685    .59330    .58979
 90.................................................    .64084    .63707    .63335    .62968    .62604    .62246    .61891    .61540    .61194    .60851

[[Page 23199]]

 
 91.................................................    .65803    .65437    .65076    .64719    .64366    .64017    .63672    .63330    .62993    .62659
 92.................................................    .67412    .67058    .66707    .66360    .66017    .65678    .65342    .65010    .64682    .64357
 93.................................................    .68911    .68567    .68227    .67890    .67557    .67227    .66901    .66578    .66258    .65942
 94.................................................    .70321    .69988    .69657    .69330    .69006    .68686    .68369    .68055    .67744    .67437
 95.................................................    .71674    .71351    .71031    .70713    .70399    .70088    .69781    .69476    .69174    .68875
 96.................................................    .72959    .72646    .72335    .72028    .71724    .71422    .71123    .70828    .70534    .70244
 97.................................................    .74156    .73853    .73552    .73254    .72959    .72666    .72376    .72089    .71804    .71522
 98.................................................    .75287    .74993    .74702    .74413    .74126    .73842    .73561    .73282    .73006    .72732
 99.................................................    .76401    .76117    .75834    .75555    .75277    .75002    .74730    .74459    .74191    .73926
100.................................................    .77494    .77219    .76946    .76676    .76408    .76142    .75878    .75616    .75357    .75099
101.................................................    .78580    .78315    .78052    .77791    .77532    .77275    .77021    .76768    .76517    .76268
102.................................................    .79654    .79399    .79146    .78894    .78645    .78397    .78152    .77908    .77666    .77426
103.................................................    .80724    .80479    .80236    .79994    .79755    .79517    .79280    .79046    .78813    .78582
104.................................................    .81879    .81646    .81413    .81183    .80954    .80726    .80501    .80276    .80054    .79832
105.................................................    .83005    .82782    .82560    .82340    .82121    .81904    .81688    .81474    .81260    .81049
106.................................................    .84485    .84277    .84071    .83866    .83662    .83459    .83257    .83057    .82857    .82659
107.................................................    .86311    .86124    .85937    .85751    .85566    .85382    .85199    .85017    .84835    .84655
108.................................................    .89266    .89114    .88963    .88812    .88662    .88513    .88364    .88216    .88068    .87922
109.................................................    .94563    .94484    .94405    .94326    .94248    .94170    .94092    .94014    .93937    .93860
--------------------------------------------------------------------------------------------------------------------------------------------------------

    (f) Effective dates. This section applies after April 30, 1999.
    Par. 6. Immediately following Sec. 1.643(d)-2, the undesignated 
centerheading is revised to read as follows:

    Pooled Income Fund Actuarial Tables Applicable Before May 1, 1999
 

    Par. 7. Section 1.642(c)-6A is amended by:
    1. Revising the section heading.
    2. Amending newly designated paragraph (e) as follows:
    a. Paragraph (e) heading is revised.
    b. Paragraph (e)(1), first sentence is revised.
    c. Paragraph (e)(2)(ii) is revised.
    d. Paragraph (e)(3) is revised.
    e. Paragraph (e)(4) is revised.
    f. Paragraph (e)(5) introductory text is revised.
    g. Paragraph (e)(5), the heading for Table S is revised.
    The revisions read as follows:


Sec. 1.642(c)-6A  Valuation of charitable remainder interests for which 
the valuation date is before May 1, 1999.

* * * * *
    (e) Present value of the remainder interest in the case of 
transfers to pooled income funds for which the valuation date is after 
April 30, 1989, and before May 1, 1999--(1) In general. In the case of 
transfers to pooled income funds for which the valuation date is after 
April 30, 1989, and before May 1, 1999, the present value of a 
remainder interest is determined under this section. * * *
    (2) * * *
    (ii) Discount at a rate of interest, compounded annually, equal to 
the highest yearly rate of return of the pooled income fund for the 3 
taxable years immediately preceding its taxable year in which the 
transfer of property to the fund is made. The provisions of 
Sec. 1.642(c)-6(c) apply for determining the yearly rate of return. 
However, where the taxable year is less than 12 months, the provisions 
of Sec. 1.642(c)-6T(e)(3)(ii) apply for the determining the yearly rate 
of return.
    (3) Pooled income funds in existence less than 3 taxable years. The 
provisions of Sec. 1.642(c)-6T(e)(4) apply for determining the highest 
yearly rate of return when the pooled income fund has been in existence 
less than three taxable years.
    (4) Computation of value of remainder interest. The factor that is 
used in determining the present value of a remainder interest that is 
dependent on the termination of the life of one individual is the 
factor from Table S in paragraph (e)(5) of this section under the 
appropriate yearly rate of return opposite the number that corresponds 
to the age of the individual upon whose life the value of the remainder 
interest is based. Table S in paragraph (e)(5) of this section includes 
factors for yearly rates of return from 4.2 to 14 percent. Many 
actuarial factors not contained in Table S in paragraph (e)(5) of this 
section are contained in Table S in Internal Revenue Service 
Publication 1457, ``Actuarial Values, Alpha Volume,'' (8-89). 
Publication 1457 is no longer available for purchase from the 
Superintendent of Documents, United States Government Printing Office, 
Washington, DC 20402. However, pertinent factors in this publication 
may be obtained by a written request to: CC:DOM:CORP:R (IRS Publication 
1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin 
Station, Washington, DC 20044. For other situations, see Sec. 1.642(c)-
6(b). If the yearly rate of return is a percentage that is between the 
yearly rates of return for which factors are provided, a linear 
interpolation must be made. The present value of the remainder interest 
is determined by multiplying the fair market value of the property on 
the valuation date by the appropriate remainder factor. For an example 
of a computation of the present value of a remainder interest requiring 
a linear interpolation adjustment, see Sec. 1.642(c)-6T(e)(5).
    (5) Actuarial tables. In the case of transfers for which the 
valuation date is after April 30, 1989, and before May 1, 1999, the 
present value of a remainder interest dependent on the termination of 
one life in the case of a transfer to a pooled income fund is 
determined by use of the following tables:

   Table S.--Based on Life Table 80CNSMT Single Life Remainder Factors
        [Applicable After April 30, 1989, and Before May 1, 1999]
 
 

* * * * *
    Par. 8. Section 1.664-4 is amended as follows:
    1. Paragraph (a)(1) is revised.
    2. Paragraph (d) is removed.
    3. Paragraphs (e) heading, (e)(1) through (e)(5), and (e)(6) 
heading, introductory text , and Table U(1) are redesignated as 
Sec. 1.664-4A(e) heading, (e)(1) through (e)(5) and (e)(6) heading, 
introductory text, and Table U(1), respectively.
    4. New paragraphs (d) through (e)(5) are added.
    5. New paragraph heading and introductory text are added to 
remaining paragraph (e)(6) preceding Table D.
    6. Paragraph (f) is revised.
    The additions and revision read as follows:

[[Page 23200]]

Sec. 1.664-4  Calculation of the fair market value of the remainder 
interest in a charitable remainder unitrust.

    (a) * * *
    (1) [Reserved]. For further guidance, see Sec. 1.664-4T(a)(1).
* * * * *
    (d) through (e)(5) [Reserved]. For further guidance, see 
Sec. 1.664-4T(d) through (e)(5).
    (6) Actuarial Table D and F (4.2 through 14.0) for transfers for 
which the valuation date is after April 30, 1989. For transfers for 
which the valuation date is after April 30, 1989, the present value of 
a charitable remainder unitrust interest that is dependent upon a term 
of years is determined by using the section 7520 rate and the tables in 
this paragraph (e)(6). For transfers for which the valuation date is 
after April 30, 1999, where the present value of a charitable remainder 
unitrust interest is dependent on the termination of a life interest , 
see Sec. 1.664-4T(e)(7). See, however, Sec. 1.7520-3(b) (relating to 
exceptions to the use of prescribed tables under certain 
circumstances). Many actuarial factors not contained in the following 
tables are contained in Internal Revenue Service Publication 1458, 
``Actuarial Values, Book Beth,'' (1999). A copy of this publication is 
available for purchase from the Superintendent of Documents, United 
States Government Printing Office, Washington, DC 20402.
* * * * *
    (f) Effective dates. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 9. Section 1.664-4T is added to read as follows:


Sec. 1.664-4T  Calculation of the fair market value of the remainder 
interest in a charitable remainder unitrust (temporary).

    (a) [Reserved] For further guidance, see Sec. 1.664-4(a).
    (1) Life contingencies determined as to each life involved, from 
the values of lx set forth in Table 90CM contained in Sec. 20.2031-
7T(d)(7) of this chapter (Estate Tax Regulations) in the case of 
transfers for which the valuation date is after April 30, 1999; or from 
Table 80CNSMT contained Sec. 20.2031-7A(e)(4) of this chapter in the 
case of transfer for which the valuation date is after April 30, 1989, 
and before May 1, 1999. See Sec. 20.2031-7A(a) through (d) of this 
chapter, whichever is applicable, for transfers for which the valuation 
date is before May 1, 1989;
    (a)(2) through (c) [Reserved] For further guidance, see Sec. 1.664-
4(a)(2) through (c).
    (d) Valuation. The fair market value of a remainder interest in a 
charitable remainder unitrust (as described in Sec. 1.664-3) for 
transfers for which the valuation date is after April 30, 1999, is its 
present value determined under paragraph (e) of this section. The fair 
market value of a remainder interest in a charitable remainder unitrust 
(as described in Sec. 1.664-3) for transfers for which the valuation 
date is before May 1, 1999, is its present value determined under the 
following sections:

------------------------------------------------------------------------
                Valuation dates
-----------------------------------------------  Applicable regulations
              After                   Before
------------------------------------------------------------------------
                                      01-01-52  1.664-4A(a).
12-31-51.........................     01-01-71  1.664-4A(b).
12-31-70.........................     12-01-83  1.664-4A(c).
11-30-83.........................     05-01-89  1.664-4A(d).
04-30-89.........................     05-01-99  1.664-4A(e).
------------------------------------------------------------------------

    (e) Valuation of charitable remainder unitrusts having certain 
payout sequences for transfers for which the valuation date is after 
April 30, 1999--(1) In general. Except as otherwise provided in 
paragraph (e)(2) of this section, in the case of transfers for which 
the valuation date is after April 30, 1999, the present value of a 
remainder interest is determined under paragraphs (e)(3) through (e)(6) 
of this section, provided that the amount of the payout as of any 
payout date during any taxable year of the trust is not larger than the 
amount that the trust could distribute on such date under Sec. 1.664-
3(a)(1)(v) if the taxable year of the trust were to end on such date. 
See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of 
the prescribed tables under certain circumstances).
    (2) Transitional rules for valuation of charitable remainder 
unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 
1, 1999, the decedent was mentally incompetent so that the disposition 
of the property could not be changed, and the decedent died after April 
30, 1999, without having regained competency to dispose of the 
decedent's property, or the decedent died within 90 days of the date 
that the decedent first regained competency after April 30, 1999, the 
present value of a remainder interest under this section is determined 
as if the valuation date with respect to the decedent's gross estate is 
either before May 1, 1999, or after April 30, 1999, at the option of 
the decedent's executor.
    (ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in 
the case of transfers to a charitable remainder unitrust for which the 
valuation date is after April 30, 1999, and before July 1, 1999, the 
present value of a remainder interest based on one or more measuring 
lives is determined under this section by use of the section 7520 
interest rate for the month in which the valuation date occurs (See 
Secs. 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial 
tables under either paragraph (e)(7) of this section or Sec. 1.664-
4A(e)(6), at the option of the donor or the decedent's executor, as the 
case may be.
    (iii) For purposes of paragraphs (e)(2)(i) and (ii) of this 
section, where the donor or decedent's executor is given the option to 
use the appropriate actuarial tables under either paragraph (e)(7) of 
this section or Sec. 1.664-4A(e)(6), the donor or decedent's executor 
must use the same actuarial table with respect to each individual 
transaction and with respect to all transfers occurring on the 
valuation date (e.g., gift and income tax charitable deductions with 
respect to the same transfer must be determined based on the same 
tables, and all assets includible in the gross estate and/or estate tax 
deductions claimed must be valued based on the same tables).
    (3) Adjusted payout rate. For transfers for which the valuation 
date is after April 30, 1989, the adjusted payout rate is determined by 
using the appropriate Table F in Sec. 1.664-4(e)(6), for the section 
7520 interest rate applicable to the transfer. If the interest rate is 
between 4.2 and 14 percent, see Sec. 1.664-4(e)(6). If the interest 
rate is below 4.2 percent or greater than 14 percent, see Sec. 1.664-
4(b). The adjusted payout rate is determined by multiplying the fixed 
percentage described in Sec. 1.664-3(a)(1)(i)(a) by the factor 
describing the payout sequence of the trust and the number of months by 
which the valuation date for the first full taxable year of the trust 
precedes the first payout date for such taxable year. If the governing 
instrument does not prescribe when the distribution or distributions 
shall be made during the taxable year of the trust, see Sec. 1.664-
4(a). In the case of a trust having a payout sequence for which no 
figures have been provided by the appropriate table, and in the case of 
a trust that determines the fair market value of the trust assets by 
taking the average of valuations on more than one date during the 
taxable year, see Sec. 1.664-4(b).
    (4) Period is a term of years. If the period described in 
Sec. 1.664-3(a)(5) is a term of years, the factor that is used in 
determining the present value of the remainder interest for transfers 
for which the valuation date is after November 30, 1983, is the factor 
under the appropriate adjusted payout rate in Table D of Sec. 1.664-
4(e)(6) corresponding to the number of years in the term. If the 
adjusted payout rate is an amount that is between adjusted payout rates 
for which factors are provided in Table D,

[[Page 23201]]

a linear interpolation must be made. The present value of the remainder 
interest is determined by multiplying the net fair market value (as of 
the appropriate valuation date) of the property placed in trust by the 
factor determined under this paragraph. For purposes of this section, 
the valuation date is, in the case of an inter vivos transfer, the date 
on which the property is transferred to the trust by the donor. 
However, if an election is made under section 7520 and Sec. 1.7520-2(b) 
to compute the present value of the charitable interest by use of the 
interest rate component for either of the 2 months preceding the month 
in which the date of transfer falls, the month so elected is the 
valuation date for purposes of determining the interest rate and 
mortality tables. In the case of a testamentary transfer under section 
2055, 2106, or 2624, the valuation date is the date of death, unless 
the alternate valuation date is elected under section 2032, in which 
event, and within the limitations set forth in section 2032 and the 
regulations thereunder, the valuation date is the alternate valuation 
date. If the decedent's estate elects the alternate valuation date 
under section 2032 and also elects, under section 7520 and Sec. 1.7520-
2(b), to use the interest rate component for one of the 2 months 
preceding the alternate valuation date, the month so elected is the 
valuation date for purposes of determining the interest rate and 
mortality tables. The application of this paragraph (e)(4) may be 
illustrated by the following example:

    Example. D transfers $100,000 to a charitable remainder unitrust 
on January 1. The trust instrument requires that the trust pay 8 
percent of the fair market value of the trust assets as of January 
1st for a term of 12 years to D in quarterly payments (March 31, 
June 30, September 30, and December 31). The section 7520 rate for 
January (the month that the transfer occurred) is 9.6 percent. Under 
Table F(9.6) in Sec. 1.664-4(e)(6), the appropriate adjustment 
factor is .944628 for quarterly payments payable at the end of each 
quarter. The adjusted payout rate is 7.557 (8% X .944628). Based on 
the remainder factors in Table D in Sec. 1.664-4(e)(6), the present 
value of the remainder interest is $38,950.30, computed as follows:


Factor at 7.4 percent for 12 years...........................    .397495
Factor at 7.6 percent for 12 years...........................    .387314
                                                              ----------
Difference...................................................    .010181
 

    Interpolation adjustment:
    [GRAPHIC] [TIFF OMITTED] TR30AP99.005
    

Factor at 7.4 percent for 12 years......................         .397495
Less: Interpolation adjustment..........................         .007992
                                                         ---------------
Interpolated factor.....................................         .389503
 
Present value of remainder interest: ($100,000 X              $38,950.30
 .389503)...............................................
 

    (5) Period is the life of one individual. If the period described 
in Sec. 1.664-3(a)(5) is the life of one individual, the factor that is 
used in determining the present value of the remainder interest for 
transfers for which the valuation date is after April 30, 1999, is the 
factor in Table U(1) in paragraph (e)(7) of this section under the 
appropriate adjusted payout. For purposes of the computations described 
in this paragraph, the age of an individual is the age of that 
individual at the individual's nearest birthday. If the adjusted payout 
rate is an amount that is between adjusted payout rates for which 
factors are provided in the appropriate table, a linear interpolation 
must be made. The present value of the remainder interest is determined 
by multiplying the net fair market value (as of the valuation date as 
determined in paragraph (e)(4) of this section) of the property placed 
in trust by the factor determined under this paragraph (e)(5). If the 
adjusted payout rate is between 4.2 and 14 percent, see paragraph 
(e)(7) of this section. If the adjusted payout rate is below 4.2 
percent or greater than 14 percent, see Sec. 1.664-4(b). The 
application of this paragraph (e)(5) may be illustrated by the 
following example:

    Example. A, who is 44 years and 11 months old, transfers 
$100,000 to a charitable remainder unitrust on January 1st. The 
trust instrument requires that the trust pay to A semiannually (on 
June 30 and December 31) 9 percent of the fair market value of the 
trust assets as of January 1st during A's life. The section 7520 
rate for January is 9.6 percent. Under Table F(9.6) in Sec. 1.664-
4(e)(6), the appropriate adjustment factor is .933805 for semiannual 
payments payable at the end of the semiannual period. The adjusted 
payout rate is 8.404 (9% X .933805). Based on the remainder factors 
in Table U(1) in this section, the present value of the remainder 
interest is $10,109.00, computed as follows:


Factor at 8.4 percent at age 45...............................    .10117
Factor at 8.6 percent at age 45...............................    .09715
                                                               ---------
Difference....................................................    .00402
 

    Interpolation adjustment:
    [GRAPHIC] [TIFF OMITTED] TR30AP99.006
    

Factor at 8.4 percent at age 45............................       .10117
Less: Interpolation adjustment.............................       .00008
                                                            ------------
Interpolated Factor........................................       .10109
Present value of remainder interest: ($100,000 X .10109)...   $10,109.00
 

    (6) [Reserved].
    (7) Actuarial Table U(1) for transfers for which the valuation date 
is after April 30, 1999. For transfers for which the valuation date is 
after April 30, 1999, the present value of a charitable remainder 
unitrust interest that is dependent on a term of years or the 
termination of a life interest is determined by using the section 7520 
rate, Table U(1) in this paragraph (e)(7), and Table D and Table F(4.2) 
through (14.0) in Sec. 1.664-4(e)(6). See, however, Sec. 1.7520-3(b) 
(relating to exceptions to the use of prescribed tables under certain 
circumstances). Many actuarial factors not contained in the following 
tables are contained in Internal Revenue Service Publication 1458, 
``Actuarial Values, Book Beth,'' (1999). A copy of this publication is 
available for purchase from the Superintendent of Documents, United 
States Government Printing Office, Washington, DC 20402.

   Table U(1).--Unitrust Single Life Remainder Factors Applicable for
         Transfers After April 30, 1999 Based on Life Table 90CM
                         [Adjusted payout rate]
 
 


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            4.2%      4.4%      4.6%      4.8%      5.0%      5.2%      5.4%      5.6%      5.8%      6.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .06177    .05580    .05061    .04609    .04215    .03871    .03570    .03307    .03075    .02872
  1.................................................    .05543    .04925    .04388    .03919    .03509    .03151    .02838    .02563    .02321    .02109
  2.................................................    .05716    .05081    .04528    .04045    .03622    .03252    .02927    .02642    .02391    .02170
  3.................................................    .05920    .05268    .04699    .04201    .03765    .03382    .03046    .02750    .02490    .02260
  4.................................................    .06143    .05475    .04889    .04376    .03926    .03530    .03182    .02876    .02605    .02366
  5.................................................    .06384    .05697    .05095    .04567    .04103    .03694    .03334    .03016    .02735    .02487
  6.................................................    .06637    .05933    .05315    .04771    .04292    .03870    .03497    .03168    .02876    .02618

[[Page 23202]]

 
  7.................................................    .06905    .06183    .05547    .04987    .04494    .04058    .03673    .03332    .03029    .02761
  8.................................................    .07186    .06445    .05792    .05216    .04708    .04258    .03859    .03506    .03192    .02914
  9.................................................    .07482    .06722    .06052    .05460    .04936    .04471    .04060    .03694    .03369    .03079
 10.................................................    .07793    .07015    .06327    .05718    .05179    .04700    .04274    .03896    .03559    .03259
 11.................................................    .08120    .07323    .06617    .05991    .05435    .04942    .04502    .04111    .03762    .03450
 12.................................................    .08461    .07645    .06920    .06277    .05706    .05197    .04744    .04339    .03978    .03655
 13.................................................    .08812    .07976    .07234    .06574    .05985    .05461    .04993    .04576    .04202    .03867
 14.................................................    .09168    .08313    .07552    .06874    .06269    .05729    .05247    .04815    .04428    .04081
 15.................................................    .09527    .08652    .07872    .07176    .06554    .05999    .05501    .05055    .04655    .04296
 16.................................................    .09886    .08991    .08192    .07478    .06839    .06267    .05754    .05294    .04880    .04508
 17.................................................    .10249    .09334    .08515    .07782    .07126    .06537    .06008    .05533    .05105    .04720
 18.................................................    .10616    .09680    .08842    .08090    .07415    .06809    .06264    .05774    .05332    .04933
 19.................................................    .10994    .10037    .09178    .08407    .07714    .07091    .06529    .06023    .05566    .05153
 20.................................................    .11384    .10406    .09527    .08737    .08025    .07383    .06805    .06283    .05811    .05384
 21.................................................    .11790    .10790    .09891    .09080    .08349    .07690    .07094    .06555    .06068    .05626
 22.................................................    .12208    .11188    .10267    .09436    .08686    .08008    .07395    .06839    .06336    .05879
 23.................................................    .12643    .11601    .10659    .09808    .09038    .08342    .07710    .07138    .06618    .06146
 24.................................................    .13095    .12031    .11069    .10197    .09408    .08692    .08042    .07452    .06915    .06427
 25.................................................    .13567    .12481    .11497    .10605    .09795    .09060    .08392    .07784    .07230    .06726
 26.................................................    .14058    .12950    .11945    .11032    .10202    .09447    .08760    .08134    .07563    .07042
 27.................................................    .14571    .13442    .12415    .11481    .10631    .09856    .09149    .08505    .07916    .07379
 28.................................................    .15104    .13953    .12904    .11949    .11078    .10284    .09558    .08895    .08288    .07733
 29.................................................    .15656    .14484    .13414    .12438    .11546    .10731    .09986    .09304    .08679    .08106
 30.................................................    .16229    .15034    .13943    .12946    .12034    .11198    .10433    .09732    .09089    .08498
 31.................................................    .16821    .15605    .14493    .13474    .12541    .11685    .10900    .10179    .09517    .08909
 32.................................................    .17433    .16196    .15063    .14023    .13069    .12193    .11387    .10647    .09966    .09339
 33.................................................    .18068    .16810    .15655    .14595    .13620    .12723    .11897    .11137    .10437    .09791
 34.................................................    .18724    .17446    .16270    .15189    .14193    .13275    .12430    .11650    .10930    .10265
 35.................................................    .19405    .18107    .16910    .15808    .14791    .13853    .12987    .12187    .11448    .10764
 36.................................................    .20109    .18791    .17574    .16451    .15414    .14456    .13569    .12749    .11990    .11287
 37.................................................    .20838    .19500    .18263    .17120    .16062    .15083    .14177    .13337    .12558    .11835
 38.................................................    .21593    .20236    .18979    .17816    .16739    .15739    .14813    .13953    .13154    .12412
 39.................................................    .22374    .20998    .19723    .18540    .17443    .16423    .15477    .14597    .13779    .13017
 40.................................................    .23183    .21789    .20496    .19294    .18177    .17138    .16172    .15272    .14434    .13653
 41.................................................    .24021    .22611    .21299    .20079    .18943    .17885    .16899    .15980    .15123    .14322
 42.................................................    .24889    .23463    .22134    .20896    .19741    .18665    .17660    .16721    .15845    .15025
 43.................................................    .25786    .24344    .23000    .21744    .20572    .19477    .18453    .17496    .16601    .15762
 44.................................................    .26712    .25257    .23896    .22625    .21435    .20322    .19281    .18305    .17391    .16534
 45.................................................    .27665    .26196    .24821    .23534    .22328    .21198    .20139    .19145    .18213    .17338
 46.................................................    .28644    .27163    .25774    .24472    .23251    .22105    .21028    .20018    .19068    .18174
 47.................................................    .29647    .28155    .26754    .25438    .24201    .23040    .21947    .20919    .19952    .19041
 48.................................................    .30676    .29173    .27760    .26431    .25181    .24004    .22896    .21852    .20868    .19941
 49.................................................    .31729    .30217    .28794    .27453    .26190    .24999    .23876    .22817    .21817    .20873
 50.................................................    .32808    .31289    .29856    .28505    .27229    .26026    .24889    .23814    .22799    .21839
 51.................................................    .33912    .32387    .30946    .29585    .28299    .27083    .25933    .24845    .23815    .22840
 52.................................................    .35038    .33507    .32060    .30691    .29395    .28168    .27005    .25904    .24861    .23872
 53.................................................    .36185    .34651    .33198    .31821    .30517    .29280    .28106    .26993    .25937    .24934
 54.................................................    .37352    .35815    .34358    .32976    .31664    .30418    .29234    .28110    .27042    .26026
 55.................................................    .38539    .37002    .35542    .34155    .32836    .31583    .30390    .29256    .28177    .27149
 56.................................................    .39746    .38209    .36748    .35358    .34034    .32774    .31574    .30431    .29342    .28303
 57.................................................    .40971    .39437    .37976    .36584    .35257    .33992    .32785    .31634    .30536    .29488
 58.................................................    .42212    .40682    .39222    .37829    .36500    .35231    .34019    .32862    .31756    .30699
 59.................................................    .43464    .41939    .40482    .39090    .37759    .36488    .35272    .34109    .32996    .31932
 60.................................................    .44726    .43207    .41754    .40364    .39034    .37761    .36542    .35375    .34257    .33186
 61.................................................    .45999    .44488    .43041    .41655    .40326    .39053    .37833    .36662    .35540    .34463
 62.................................................    .47286    .45785    .44345    .42964    .41639    .40367    .39146    .37974    .36848    .35767
 63.................................................    .48589    .47098    .45667    .44293    .42972    .41703    .40484    .39311    .38184    .37100
 64.................................................    .49903    .48426    .47005    .45638    .44324    .43060    .41843    .40671    .39544    .38458
 65.................................................    .51229    .49766    .48357    .47001    .45694    .44435    .43223    .42054    .40927    .39841
 66.................................................    .52568    .51121    .49726    .48381    .47084    .45833    .44626    .43461    .42337    .41252
 67.................................................    .53924    .52495    .51115    .49784    .48498    .47256    .46056    .44898    .43778    .42696
 68.................................................    .55293    .53883    .52521    .51205    .49932    .48701    .47511    .46360    .45246    .44169
 69.................................................    .56671    .55283    .53940    .52640    .51382    .50165    .48985    .47844    .46738    .45666
 70.................................................    .58052    .56687    .55365    .54084    .52843    .51639    .50473    .49342    .48245    .47181
 71.................................................    .59431    .58091    .56791    .55529    .54306    .53118    .51966    .50847    .49761    .48707
 72.................................................    .60804    .59490    .58213    .56973    .55768    .54598    .53461    .52357    .51283    .50239
 73.................................................    .62168    .60881    .59629    .58411    .57227    .56076    .54955    .53866    .52806    .51774
 74.................................................    .63528    .62268    .61042    .59848    .58686    .57555    .56453    .55380    .54335    .53316
 75.................................................    .64887    .63657    .62458    .61290    .60151    .59041    .57959    .56904    .55875    .54872
 76.................................................    .66249    .65049    .63880    .62739    .61625    .60538    .59478    .58443    .57432    .56446
 77.................................................    .67612    .66446    .65307    .64194    .63108    .62046    .61009    .59995    .59005    .58037
 78.................................................    .68975    .67843    .66736    .65654    .64596    .63561    .62548    .61558    .60590    .59643
 79.................................................    .70330    .69233    .68160    .67109    .66081    .65074    .64088    .63123    .62178    .61253
 80.................................................    .71666    .70605    .69566    .68548    .67550    .66573    .65615    .64676    .63755    .62853

[[Page 23203]]

 
 81.................................................    .72975    .71950    .70946    .69961    .68995    .68047    .67117    .66205    .65310    .64433
 82.................................................    .74250    .73263    .72293    .71342    .70407    .69490    .68589    .67705    .66837    .65984
 83.................................................    .75493    .74542    .73608    .72690    .71788    .70902    .70031    .69175    .68333    .67506
 84.................................................    .76712    .75798    .74900    .74016    .73147    .72292    .71451    .70624    .69810    .69010
 85.................................................    .77913    .77037    .76175    .75326    .74491    .73668    .72859    .72061    .71276    .70503
 86.................................................    .79086    .78248    .77423    .76610    .75808    .75019    .74241    .73474    .72719    .71974
 87.................................................    .80218    .79418    .78628    .77850    .77083    .76326    .75580    .74844    .74118    .73402
 88.................................................    .81307    .80544    .79790    .79047    .78313    .77589    .76874    .76169    .75473    .74786
 89.................................................    .82355    .81628    .80909    .80200    .79500    .78808    .78125    .77450    .76783    .76125
 90.................................................    .83360    .82668    .81985    .81309    .80642    .79982    .79330    .78685    .78048    .77418
 91.................................................    .84308    .83650    .83000    .82357    .81721    .81092    .80470    .79855    .79246    .78645
 92.................................................    .85182    .84556    .83937    .83325    .82718    .82119    .81525    .80937    .80356    .79780
 93.................................................    .85985    .85390    .84800    .84215    .83637    .83064    .82497    .81936    .81379    .80829
 94.................................................    .86732    .86164    .85601    .85044    .84491    .83944    .83402    .82865    .82333    .81806
 95.................................................    .87437    .86895    .86359    .85827    .85300    .84778    .84260    .83746    .83237    .82733
 96.................................................    .88097    .87582    .87070    .86563    .86060    .85561    .85066    .84575    .84088    .83605
 97.................................................    .88708    .88216    .87727    .87243    .86762    .86285    .85811    .85341    .84875    .84413
 98.................................................    .89280    .88810    .88343    .87880    .87420    .86964    .86511    .86061    .85614    .85171
 99.................................................    .89836    .89388    .88943    .88501    .88062    .87626    .87193    .86763    .86336    .85911
100.................................................    .90375    .89948    .89525    .89103    .88685    .88269    .87856    .87445    .87037    .86632
101.................................................    .90905    .90500    .90097    .89696    .89298    .88902    .88509    .88118    .87729    .87342
102.................................................    .91424    .91040    .90658    .90278    .89900    .89524    .89150    .88778    .88408    .88040
103.................................................    .91939    .91575    .91214    .90854    .90496    .90139    .89785    .89432    .89081    .88732
104.................................................    .92485    .92144    .91805    .91467    .91131    .90796    .90463    .90131    .89800    .89471
105.................................................    .93020    .92701    .92383    .92067    .91751    .91437    .91125    .90813    .90502    .90193
106.................................................    .93701    .93411    .93122    .92834    .92546    .92260    .91974    .91689    .91405    .91122
107.................................................    .94522    .94268    .94013    .93760    .93507    .93254    .93002    .92750    .92499    .92249
108.................................................    .95782    .95583    .95385    .95187    .94989    .94791    .94593    .94396    .94199    .94002
109.................................................    .97900    .97800    .97700    .97600    .97500    .97400    .97300    .97200    .97100    .97000


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            6.2%      6.4%      6.6%      6.8%      7.0%      7.2%      7.4%      7.6%      7.8%      8.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .02693    .02534    .02395    .02271    .02161    .02063    .01976    .01898    .01828    .01765
  1.................................................    .01922    .01756    .01610    .01480    .01365    .01263    .01171    .01090    .01017    .00951
  2.................................................    .01975    .01802    .01650    .01514    .01393    .01286    .01190    .01104    .01028    .00959
  3.................................................    .02056    .01876    .01717    .01575    .01449    .01336    .01235    .01145    .01064    .00992
  4.................................................    .02155    .01967    .01800    .01652    .01520    .01401    .01296    .01201    .01116    .01039
  5.................................................    .02266    .02071    .01896    .01741    .01603    .01479    .01368    .01269    .01179    .01098
  6.................................................    .02389    .02184    .02003    .01841    .01696    .01566    .01450    .01345    .01251    .01166
  7.................................................    .02522    .02309    .02120    .01950    .01799    .01663    .01540    .01431    .01332    .01242
  8.................................................    .02665    .02444    .02246    .02069    .01910    .01768    .01640    .01524    .01420    .01326
  9.................................................    .02821    .02590    .02384    .02199    .02033    .01884    .01750    .01629    .01520    .01421
 10.................................................    .02990    .02750    .02535    .02342    .02169    .02013    .01872    .01745    .01631    .01526
 11.................................................    .03172    .02922    .02698    .02497    .02316    .02153    .02006    .01872    .01752    .01643
 12.................................................    .03365    .03106    .02872    .02663    .02474    .02303    .02149    .02010    .01884    .01769
 13.................................................    .03566    .03297    .03054    .02835    .02638    .02460    .02299    .02154    .02021    .01901
 14.................................................    .03770    .03490    .03237    .03010    .02804    .02619    .02450    .02298    .02159    .02033
 15.................................................    .03973    .03682    .03419    .03182    .02968    .02775    .02599    .02439    .02294    .02162
 16.................................................    .04173    .03871    .03598    .03352    .03129    .02926    .02743    .02576    .02424    .02286
 17.................................................    .04372    .04059    .03775    .03519    .03287    .03076    .02884    .02710    .02551    .02406
 18.................................................    .04573    .04248    .03953    .03686    .03444    .03224    .03024    .02842    .02676    .02524
 19.................................................    .04780    .04443    .04137    .03859    .03607    .03378    .03169    .02978    .02804    .02646
 20.................................................    .04997    .04647    .04329    .04040    .03778    .03539    .03321    .03122    .02940    .02773
 21.................................................    .05226    .04862    .04532    .04232    .03958    .03709    .03481    .03274    .03083    .02909
 22.................................................    .05465    .05088    .04745    .04432    .04148    .03888    .03650    .03433    .03234    .03052
 23.................................................    .05716    .05325    .04969    .04645    .04348    .04077    .03830    .03603    .03394    .03203
 24.................................................    .05983    .05578    .05208    .04871    .04562    .04280    .04021    .03784    .03566    .03367
 25.................................................    .06266    .05846    .05463    .05112    .04791    .04497    .04227    .03980    .03752    .03543
 26.................................................    .06566    .06131    .05734    .05369    .05035    .04729    .04448    .04189    .03951    .03732
 27.................................................    .06887    .06436    .06024    .05646    .05298    .04979    .04686    .04416    .04168    .03939
 28.................................................    .07225    .06758    .06331    .05938    .05577    .05245    .04940    .04658    .04398    .04159
 29.................................................    .07581    .07099    .06656    .06248    .05873    .05528    .05210    .04916    .04645    .04394
 30.................................................    .07956    .07457    .06998    .06575    .06186    .05827    .05495    .05189    .04906    .04644
 31.................................................    .08348    .07833    .07358    .06920    .06515    .06142    .05797    .05478    .05182    .04908
 32.................................................    .08761    .08228    .07736    .07282    .06863    .06475    .06116    .05783    .05475    .05189
 33.................................................    .09195    .08645    .08136    .07666    .07231    .06828    .06454    .06108    .05786    .05488
 34.................................................    .09651    .09082    .08557    .08070    .07619    .07200    .06812    .06452    .06117    .05805
 35.................................................    .10131    .09545    .09002    .08498    .08030    .07596    .07193    .06818    .06469    .06144
 36.................................................    .10635    .10031    .09470    .08949    .08465    .08015    .07596    .07206    .06842    .06503
 37.................................................    .11165    .10542    .09963    .09424    .08923    .08457    .08022    .07617    .07238    .06885
 38.................................................    .11722    .11081    .10484    .09927    .09409    .08926    .08475    .08054    .07661    .07293
 39.................................................    .12308    .11648    .11032    .10458    .09922    .09422    .08955    .08518    .08109    .07726
 40.................................................    .12925    .12246    .11612    .11020    .10466    .09949    .09465    .09011    .08587    .08189
 41.................................................    .13575    .12877    .12225    .11614    .11043    .10508    .10007    .09537    .09097    .08683

[[Page 23204]]

 
 42.................................................    .14259    .13542    .12871    .12243    .11654    .11101    .10583    .10097    .09640    .09210
 43.................................................    .14977    .14242    .13552    .12905    .12298    .11729    .11193    .10690    .10217    .09771
 44.................................................    .15731    .14976    .14269    .13604    .12979    .12391    .11838    .11318    .10828    .10367
 45.................................................    .16516    .15743    .15017    .14334    .13691    .13086    .12516    .11979    .11472    .10994
 46.................................................    .17334    .16544    .15800    .15099    .14438    .13816    .13228    .12674    .12150    .11656
 47.................................................    .18184    .17375    .16613    .15895    .15217    .14576    .13972    .13400    .12860    .12349
 48.................................................    .19066    .18240    .17461    .16724    .16029    .15371    .14749    .14161    .13604    .13077
 49.................................................    .19981    .19138    .18342    .17588    .16875    .16201    .15562    .14956    .14383    .13839
 50.................................................    .20931    .20072    .19259    .18489    .17759    .17067    .16412    .15790    .15199    .14639
 51.................................................    .21917    .21042    .20212    .19426    .18679    .17971    .17299    .16660    .16054    .15477
 52.................................................    .22933    .22043    .21198    .20395    .19633    .18909    .18220    .17566    .16943    .16350
 53.................................................    .23981    .23076    .22216    .21399    .20621    .19881    .19176    .18506    .17867    .17258
 54.................................................    .25060    .24141    .23267    .22434    .21642    .20886    .20166    .19480    .18826    .18201
 55.................................................    .26171    .25239    .24351    .23504    .22697    .21927    .21192    .20491    .19821    .19182
 56.................................................    .27313    .26369    .25468    .24608    .23787    .23003    .22254    .21538    .20854    .20199
 57.................................................    .28487    .27531    .26618    .25746    .24912    .24114    .23351    .22621    .21923    .21254
 58.................................................    .29688    .28722    .27798    .26914    .26067    .25257    .24481    .23738    .23025    .22343
 59.................................................    .30913    .29937    .29002    .28107    .27249    .26427    .25639    .24882    .24157    .23461
 60.................................................    .32159    .31175    .30231    .29325    .28457    .27623    .26823    .26055    .25317    .24608
 61.................................................    .33429    .32437    .31485    .30571    .29692    .28848    .28037    .27257    .26507    .25786
 62.................................................    .34728    .33730    .32770    .31847    .30960    .30106    .29285    .28495    .27734    .27001
 63.................................................    .36057    .35053    .34087    .33157    .32262    .31400    .30569    .29769    .28998    .28255
 64.................................................    .37412    .36404    .35433    .34498    .33596    .32726    .31887    .31078    .30298    .29545
 65.................................................    .38794    .37783    .36809    .35868    .34961    .34085    .33239    .32422    .31633    .30871
 66.................................................    .40205    .39193    .38216    .37272    .36361    .35479    .34628    .33804    .33008    .32238
 67.................................................    .41650    .40639    .39661    .38715    .37800    .36915    .36059    .35230    .34428    .33651
 68.................................................    .43126    .42117    .41139    .40193    .39277    .38390    .37530    .36697    .35890    .35108
 69.................................................    .44628    .43622    .42648    .41703    .40787    .39898    .39037    .38201    .37391    .36604
 70.................................................    .46150    .45149    .44178    .43236    .42321    .41433    .40571    .39735    .38922    .38132
 71.................................................    .47683    .46689    .45723    .44785    .43873    .42987    .42126    .41290    .40476    .39685
 72.................................................    .49225    .48238    .47279    .46346    .45439    .44556    .43697    .42862    .42048    .41257
 73.................................................    .50770    .49793    .48841    .47915    .47013    .46135    .45280    .44447    .43635    .42844
 74.................................................    .52324    .51358    .50416    .49498    .48603    .47731    .46880    .46051    .45242    .44454
 75.................................................    .53894    .52939    .52008    .51100    .50214    .49349    .48505    .47681    .46877    .46092
 76.................................................    .55483    .54543    .53624    .52728    .51852    .50996    .50160    .49344    .48546    .47766
 77.................................................    .57091    .56167    .55263    .54380    .53516    .52671    .51845    .51038    .50247    .49475
 78.................................................    .58716    .57809    .56922    .56053    .55203    .54372    .53557    .52760    .51980    .51216
 79.................................................    .60346    .59459    .58590    .57738    .56904    .56086    .55286    .54501    .53732    .52978
 80.................................................    .61969    .61102    .60252    .59419    .58601    .57800    .57014    .56243    .55487    .54745
 81.................................................    .63571    .62726    .61897    .61082    .60283    .59499    .58729    .57974    .57232    .56503
 82.................................................    .65146    .64324    .63515    .62722    .61942    .61176    .60423    .59683    .58957    .58242
 83.................................................    .66693    .65893    .65108    .64335    .63575    .62828    .62093    .61371    .60660    .59962
 84.................................................    .68222    .67447    .66684    .65934    .65195    .64468    .63753    .63049    .62356    .61674
 85.................................................    .69742    .68993    .68255    .67528    .66812    .66106    .65411    .64727    .64053    .63389
 86.................................................    .71241    .70517    .69805    .69102    .68410    .67727    .67054    .66390    .65736    .65091
 87.................................................    .72696    .72000    .71313    .70635    .69967    .69307    .68656    .68014    .67381    .66756
 88.................................................    .74108    .73438    .72777    .72125    .71480    .70845    .70217    .69597    .68985    .68380
 89.................................................    .75475    .74832    .74198    .73571    .72951    .72339    .71734    .71137    .70547    .69963
 90.................................................    .76796    .76180    .75572    .74971    .74376    .73788    .73207    .72633    .72065    .71503
 91.................................................    .78049    .77460    .76878    .76302    .75732    .75168    .74610    .74058    .73512    .72972
 92.................................................    .79211    .78647    .78089    .77537    .76990    .76449    .75913    .75383    .74858    .74338
 93.................................................    .80283    .79743    .79208    .78679    .78154    .77634    .77119    .76610    .76105    .75604
 94.................................................    .81283    .80765    .80253    .79744    .79240    .78741    .78247    .77756    .77270    .76789
 95.................................................    .82233    .81737    .81245    .80757    .80274    .79795    .79320    .78849    .78382    .77918
 96.................................................    .83126    .82651    .82180    .81712    .81248    .80788    .80332    .79880    .79431    .78985
 97.................................................    .83953    .83498    .83046    .82597    .82152    .81710    .81271    .80836    .80404    .79976
 98.................................................    .84731    .84294    .83860    .83429    .83002    .82577    .82155    .81737    .81321    .80908
 99.................................................    .85490    .85071    .84656    .84243    .83832    .83425    .83020    .82618    .82219    .81822
100.................................................    .86229    .85828    .85431    .85035    .84642    .84252    .83864    .83478    .83095    .82714
101.................................................    .86958    .86575    .86195    .85818    .85442    .85069    .84698    .84329    .83962    .83597
102.................................................    .87674    .87310    .86947    .86587    .86229    .85873    .85518    .85166    .84815    .84466
103.................................................    .88384    .88038    .87694    .87351    .87010    .86671    .86334    .85998    .85663    .85331
104.................................................    .89143    .88817    .88492    .88169    .87847    .87526    .87207    .86889    .86573    .86258
105.................................................    .89885    .89578    .89272    .88967    .88664    .88361    .88060    .87760    .87461    .87163
106.................................................    .90840    .90559    .90278    .89999    .89720    .89442    .89165    .88888    .88613    .88338
107.................................................    .91999    .91750    .91501    .91253    .91005    .90758    .90511    .90265    .90019    .89774
108.................................................    .93805    .93609    .93412    .93216    .93020    .92824    .92629    .92434    .92239    .92044
109.................................................    .96900    .96800    .96700    .96600    .96500    .96400    .96300    .96200    .96100    .96000


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            8.2%      8.4%      8.6%      8.8%      9.0%      9.2%      9.4%      9.6%      9.8%      10.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01709    .01658    .01612    .01570    .01532    .01497    .01466    .01437    .01410    .01386
  1.................................................    .00892    .00839    .00791    .00747    .00708    .00672    .00639    .00609    .00582    .00557
  2.................................................    .00896    .00840    .00790    .00744    .00702    .00664    .00629    .00598    .00569    .00542

[[Page 23205]]

 
  3.................................................    .00926    .00867    .00814    .00765    .00721    .00681    .00644    .00611    .00580    .00552
  4.................................................    .00970    .00908    .00851    .00800    .00753    .00711    .00672    .00636    .00604    .00574
  5.................................................    .01026    .00960    .00900    .00846    .00796    .00751    .00710    .00672    .00637    .00606
  6.................................................    .01089    .01019    .00956    .00899    .00846    .00799    .00755    .00715    .00678    .00644
  7.................................................    .01161    .01088    .01021    .00960    .00905    .00854    .00808    .00765    .00726    .00690
  8.................................................    .01241    .01163    .01093    .01029    .00970    .00917    .00867    .00822    .00781    .00743
  9.................................................    .01331    .01249    .01175    .01107    .01045    .00988    .00936    .00889    .00845    .00804
 10.................................................    .01432    .01346    .01268    .01196    .01131    .01071    .01016    .00965    .00918    .00875
 11.................................................    .01543    .01453    .01370    .01295    .01226    .01162    .01104    .01051    .01001    .00956
 12.................................................    .01664    .01569    .01482    .01403    .01330    .01263    .01202    .01145    .01093    .01045
 13.................................................    .01791    .01691    .01600    .01516    .01440    .01369    .01304    .01245    .01190    .01139
 14.................................................    .01918    .01813    .01717    .01629    .01548    .01474    .01406    .01343    .01285    .01231
 15.................................................    .02041    .01931    .01831    .01738    .01653    .01576    .01504    .01437    .01376    .01320
 16.................................................    .02160    .02044    .01938    .01841    .01752    .01670    .01595    .01525    .01460    .01401
 17.................................................    .02274    .02152    .02041    .01940    .01846    .01760    .01680    .01607    .01539    .01476
 18.................................................    .02386    .02258    .02142    .02035    .01936    .01846    .01762    .01685    .01613    .01547
 19.................................................    .02500    .02367    .02245    .02132    .02029    .01933    .01845    .01764    .01689    .01619
 20.................................................    .02621    .02481    .02353    .02235    .02126    .02025    .01933    .01847    .01768    .01694
 21.................................................    .02749    .02603    .02468    .02344    .02229    .02124    .02026    .01936    .01852    .01774
 22.................................................    .02884    .02730    .02589    .02458    .02338    .02227    .02124    .02029    .01940    .01859
 23.................................................    .03028    .02867    .02718    .02581    .02454    .02337    .02229    .02128    .02035    .01949
 24.................................................    .03183    .03013    .02857    .02713    .02580    .02456    .02342    .02236    .02138    .02047
 25.................................................    .03350    .03172    .03008    .02857    .02717    .02587    .02467    .02355    .02251    .02155
 26.................................................    .03530    .03344    .03172    .03013    .02865    .02729    .02602    .02484    .02375    .02273
 27.................................................    .03727    .03532    .03351    .03183    .03028    .02885    .02751    .02627    .02511    .02404
 28.................................................    .03937    .03732    .03543    .03367    .03204    .03052    .02911    .02780    .02658    .02545
 29.................................................    .04162    .03947    .03748    .03564    .03392    .03233    .03084    .02946    .02818    .02698
 30.................................................    .04401    .04176    .03967    .03773    .03593    .03425    .03269    .03124    .02988    .02861
 31.................................................    .04654    .04419    .04200    .03996    .03807    .03630    .03466    .03312    .03169    .03035
 32.................................................    .04923    .04676    .04447    .04233    .04034    .03849    .03676    .03514    .03363    .03221
 33.................................................    .05210    .04952    .04711    .04487    .04278    .04083    .03901    .03731    .03571    .03422
 34.................................................    .05515    .05245    .04993    .04758    .04538    .04333    .04142    .03962    .03794    .03637
 35.................................................    .05841    .05558    .05295    .05048    .04818    .04603    .04401    .04212    .04035    .03869
 36.................................................    .06187    .05892    .05616    .05358    .05116    .04890    .04678    .04480    .04293    .04118
 37.................................................    .06555    .06247    .05958    .05688    .05435    .05198    .04975    .04766    .04570    .04385
 38.................................................    .06949    .06627    .06325    .06043    .05777    .05528    .05295    .05075    .04868    .04674
 39.................................................    .07368    .07032    .06717    .06421    .06143    .05882    .05637    .05406    .05189    .04984
 40.................................................    .07816    .07465    .07137    .06827    .06537    .06263    .06006    .05764    .05535    .05320
 41.................................................    .08295    .07930    .07587    .07264    .06960    .06674    .06405    .06150    .05910    .05683
 42.................................................    .08807    .08427    .08069    .07733    .07415    .07116    .06833    .06567    .06315    .06077
 43.................................................    .09352    .08957    .08585    .08233    .07902    .07589    .07294    .07014    .06750    .06500
 44.................................................    .09932    .09521    .09134    .08768    .08423    .08096    .07787    .07495    .07218    .06956
 45.................................................    .10543    .10117    .09715    .09334    .08974    .08634    .08311    .08005    .07716    .07441
 46.................................................    .11189    .10747    .10329    .09933    .09559    .09204    .08867    .08548    .08245    .07958
 47.................................................    .11866    .11408    .10974    .10564    .10174    .09805    .09454    .09121    .08805    .08504
 48.................................................    .12577    .12103    .11654    .11228    .10823    .10439    .10074    .09727    .09397    .09083
 49.................................................    .13323    .12833    .12368    .11926    .11506    .11107    .10728    .10366    .10022    .09695
 50.................................................    .14107    .13601    .13120    .12663    .12228    .11813    .11419    .11043    .10685    .10344
 51.................................................    .14928    .14407    .13910    .13437    .12987    .12558    .12149    .11758    .11386    .11031
 52.................................................    .15785    .15248    .14735    .14247    .13781    .13337    .12913    .12508    .12122    .11752
 53.................................................    .16678    .16124    .15597    .15093    .14612    .14153    .13714    .13294    .12893    .12509
 54.................................................    .17606    .17037    .16493    .15974    .15478    .15004    .14550    .14116    .13700    .13302
 55.................................................    .18570    .17986    .17428    .16893    .16382    .15893    .15424    .14976    .14546    .14134
 56.................................................    .19573    .18974    .18400    .17851    .17325    .16821    .16338    .15875    .15430    .15004
 57.................................................    .20613    .20000    .19412    .18848    .18307    .17789    .17291    .16814    .16355    .15914
 58.................................................    .21688    .21060    .20458    .19880    .19325    .18792    .18280    .17788    .17316    .16861
 59.................................................    .22793    .22151    .21535    .20943    .20374    .19827    .19301    .18795    .18309    .17840
 60.................................................    .23927    .23272    .22642    .22036    .21454    .20893    .20354    .19834    .19334    .18851
 61.................................................    .25092    .24425    .23782    .23163    .22567    .21993    .21440    .20907    .20393    .19898
 62.................................................    .26295    .25616    .24961    .24329    .23721    .23134    .22568    .22021    .21494    .20985
 63.................................................    .27538    .26847    .26180    .25537    .24916    .24316    .23738    .23179    .22639    .22117
 64.................................................    .28817    .28116    .27438    .26783    .26150    .25539    .24949    .24377    .23825    .23291
 65.................................................    .30134    .29423    .28735    .28069    .27426    .26803    .26201    .25618    .25054    .24508
 66.................................................    .31493    .30772    .30075    .29399    .28746    .28113    .27500    .26906    .26331    .25774
 67.................................................    .32899    .32170    .31464    .30780    .30118    .29475    .28852    .28248    .27663    .27095
 68.................................................    .34349    .33614    .32901    .32209    .31538    .30887    .30256    .29643    .29047    .28469
 69.................................................    .35841    .35100    .34381    .33683    .33005    .32346    .31707    .31085    .30481    .29894
 70.................................................    .37366    .36620    .35896    .35193    .34509    .33844    .33197    .32568    .31957    .31362
 71.................................................    .38916    .38167    .37440    .36732    .36043    .35372    .34720    .34084    .33466    .32864
 72.................................................    .40486    .39736    .39006    .38295    .37602    .36927    .36270    .35629    .35005    .34396
 73.................................................    .42074    .41323    .40591    .39878    .39182    .38504    .37843    .37198    .36568    .35955
 74.................................................    .43685    .42934    .42202    .41488    .40791    .40110    .39446    .38798    .38165    .37547
 75.................................................    .45326    .44577    .43846    .43132    .42435    .41754    .41088    .40438    .39802    .39181
 76.................................................    .47004    .46259    .45530    .44818    .44122    .43442    .42776    .42125    .41488    .40865

[[Page 23206]]

 
 77.................................................    .48718    .47979    .47255    .46547    .45853    .45175    .44511    .43861    .43225    .42601
 78.................................................    .50467    .49735    .49017    .48314    .47626    .46951    .46290    .45643    .45008    .44386
 79.................................................    .52239    .51515    .50806    .50110    .49427    .48758    .48102    .47459    .46828    .46209
 80.................................................    .54018    .53304    .52603    .51916    .51242    .50580    .49930    .49292    .48666    .48052
 81.................................................    .55788    .55085    .54396    .53718    .53053    .52399    .51757    .51126    .50507    .49898
 82.................................................    .57540    .56851    .56173    .55506    .54851    .54207    .53574    .52951    .52339    .51737
 83.................................................    .59274    .58598    .57933    .57279    .56635    .56001    .55378    .54765    .54161    .53567
 84.................................................    .61002    .60341    .59690    .59049    .58418    .57796    .57184    .56582    .55988    .55403
 85.................................................    .62734    .62090    .61454    .60828    .60211    .59603    .59004    .58414    .57832    .57258
 86.................................................    .64455    .63828    .63210    .62600    .61999    .61406    .60821    .60244    .59675    .59113
 87.................................................    .66139    .65531    .64930    .64337    .63752    .63175    .62605    .62043    .61488    .60939
 88.................................................    .67783    .67194    .66612    .66037    .65469    .64908    .64354    .63807    .63267    .62733
 89.................................................    .69387    .68817    .68254    .67698    .67148    .66605    .66068    .65537    .65012    .64493
 90.................................................    .70947    .70398    .69855    .69318    .68786    .68261    .67742    .67228    .66719    .66217
 91.................................................    .72437    .71908    .71385    .70867    .70354    .69847    .69345    .68848    .68357    .67870
 92.................................................    .73823    .73314    .72810    .72310    .71816    .71326    .70841    .70361    .69886    .69415
 93.................................................    .75109    .74618    .74132    .73650    .73173    .72700    .72232    .71768    .71308    .70852
 94.................................................    .76312    .75839    .75370    .74905    .74445    .73988    .73536    .73087    .72643    .72202
 95.................................................    .77459    .77004    .76552    .76104    .75660    .75220    .74783    .74350    .73920    .73494
 96.................................................    .78543    .78105    .77670    .77238    .76810    .76386    .75964    .75546    .75131    .74720
 97.................................................    .79550    .79128    .78709    .78293    .77880    .77470    .77063    .76659    .76258    .75860
 98.................................................    .80498    .80091    .79687    .79286    .78888    .78492    .78099    .77709    .77322    .76937
 99.................................................    .81428    .81036    .80647    .80261    .79877    .79496    .79117    .78741    .78367    .77995
100.................................................    .82336    .81959    .81586    .81214    .80845    .80478    .80113    .79751    .79390    .79032
101.................................................    .83234    .82873    .82515    .82158    .81804    .81451    .81101    .80753    .80406    .80062
102.................................................    .84119    .83774    .83431    .83089    .82750    .82412    .82076    .81742    .81409    .81078
103.................................................    .84999    .84670    .84342    .84016    .83691    .83368    .83046    .82726    .82408    .82091
104.................................................    .85944    .85632    .85321    .85011    .84703    .84396    .84090    .83786    .83483    .83182
105.................................................    .86866    .86570    .86276    .85982    .85690    .85399    .85109    .84820    .84532    .84245
106.................................................    .88065    .87792    .87520    .87248    .86978    .86708    .86440    .86172    .85905    .85638
107.................................................    .89530    .89286    .89042    .88799    .88557    .88315    .88073    .87833    .87592    .87352
108.................................................    .91849    .91654    .91460    .91266    .91072    .90879    .90685    .90492    .90299    .90106
109.................................................    .95900    .95800    .95700    .95600    .95500    .95400    .95300    .95200    .95100    .95000


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            10.2%     10.4%     10.6%     10.8%     11.0%     11.2%     11.4%     11.6%     11.8%     12.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01363    .01342    .01323    .01305    .01288    .01272    .01258    .01244    .01231    .01219
  1.................................................    .00534    .00512    .00493    .00474    .00458    .00442    .00427    .00414    .00401    .00389
  2.................................................    .00518    .00495    .00474    .00455    .00437    .00421    .00405    .00391    .00377    .00365
  3.................................................    .00526    .00502    .00480    .00459    .00440    .00422    .00406    .00391    .00376    .00363
  4.................................................    .00546    .00521    .00497    .00475    .00455    .00436    .00419    .00402    .00387    .00373
  5.................................................    .00576    .00549    .00524    .00501    .00479    .00459    .00440    .00423    .00406    .00391
  6.................................................    .00613    .00584    .00557    .00532    .00509    .00488    .00468    .00449    .00432    .00415
  7.................................................    .00657    .00626    .00598    .00571    .00547    .00524    .00502    .00482    .00464    .00446
  8.................................................    .00707    .00675    .00644    .00616    .00590    .00565    .00542    .00521    .00501    .00482
  9.................................................    .00766    .00732    .00699    .00669    .00641    .00615    .00591    .00568    .00547    .00527
 10.................................................    .00835    .00798    .00764    .00732    .00702    .00675    .00649    .00624    .00602    .00580
 11.................................................    .00913    .00874    .00838    .00804    .00772    .00743    .00715    .00689    .00665    .00642
 12.................................................    .01000    .00959    .00920    .00884    .00851    .00819    .00790    .00762    .00737    .00712
 13.................................................    .01091    .01048    .01007    .00969    .00933    .00900    .00869    .00840    .00813    .00787
 14.................................................    .01181    .01135    .01092    .01052    .01014    .00979    .00947    .00916    .00887    .00860
 15.................................................    .01267    .01218    .01173    .01130    .01091    .01054    .01019    .00987    .00956    .00928
 16.................................................    .01345    .01294    .01246    .01201    .01160    .01121    .01084    .01050    .01018    .00988
 17.................................................    .01418    .01364    .01313    .01266    .01222    .01181    .01143    .01107    .01073    .01041
 18.................................................    .01486    .01429    .01375    .01326    .01279    .01236    .01196    .01158    .01122    .01088
 19.................................................    .01554    .01494    .01438    .01385    .01336    .01291    .01248    .01208    .01170    .01135
 20.................................................    .01626    .01562    .01503    .01448    .01396    .01348    .01303    .01260    .01220    .01183
 21.................................................    .01702    .01635    .01573    .01514    .01460    .01409    .01361    .01316    .01274    .01235
 22.................................................    .01782    .01711    .01645    .01584    .01526    .01472    .01422    .01374    .01330    .01288
 23.................................................    .01868    .01793    .01724    .01658    .01597    .01540    .01487    .01437    .01390    .01345
 24.................................................    .01962    .01883    .01809    .01740    .01675    .01615    .01558    .01505    .01455    .01408
 25.................................................    .02065    .01981    .01903    .01830    .01762    .01698    .01638    .01581    .01528    .01478
 26.................................................    .02178    .02089    .02006    .01929    .01856    .01789    .01725    .01665    .01609    .01556
 27.................................................    .02303    .02209    .02122    .02040    .01963    .01891    .01824    .01760    .01700    .01644
 28.................................................    .02439    .02339    .02247    .02160    .02079    .02002    .01931    .01863    .01800    .01740
 29.................................................    .02585    .02480    .02382    .02290    .02204    .02123    .02047    .01976    .01908    .01845
 30.................................................    .02742    .02631    .02527    .02430    .02339    .02253    .02172    .02096    .02025    .01957
 31.................................................    .02910    .02793    .02683    .02579    .02482    .02391    .02306    .02225    .02149    .02077
 32.................................................    .03089    .02965    .02849    .02739    .02636    .02540    .02449    .02363    .02282    .02206
 33.................................................    .03282    .03151    .03028    .02912    .02803    .02701    .02604    .02513    .02427    .02346
 34.................................................    .03489    .03350    .03220    .03097    .02982    .02873    .02771    .02674    .02583    .02497
 35.................................................    .03713    .03567    .03429    .03299    .03177    .03061    .02953    .02850    .02753    .02661
 36.................................................    .03953    .03798    .03653    .03515    .03386    .03263    .03148    .03039    .02936    .02838
 37.................................................    .04211    .04048    .03894    .03748    .03611    .03481    .03359    .03243    .03134    .03030

[[Page 23207]]

 
 38.................................................    .04490    .04318    .04155    .04001    .03856    .03719    .03589    .03466    .03350    .03239
 39.................................................    .04791    .04609    .04437    .04274    .04120    .03975    .03837    .03707    .03583    .03466
 40.................................................    .05116    .04924    .04742    .04571    .04408    .04254    .04108    .03970    .03839    .03714
 41.................................................    .05469    .05267    .05075    .04894    .04722    .04559    .04405    .04258    .04119    .03987
 42.................................................    .05851    .05638    .05436    .05245    .05063    .04891    .04728    .04573    .04425    .04285
 43.................................................    .06263    .06039    .05827    .05625    .05433    .05252    .05079    .04915    .04759    .04610
 44.................................................    .06707    .06472    .06248    .06035    .05834    .05642    .05459    .05286    .05121    .04963
 45.................................................    .07180    .06933    .06698    .06474    .06262    .06059    .05867    .05684    .05509    .05342
 46.................................................    .07685    .07425    .07178    .06943    .06720    .06507    .06304    .06110    .05926    .05750
 47.................................................    .08218    .07946    .07687    .07440    .07205    .06981    .06768    .06564    .06369    .06183
 48.................................................    .08784    .08499    .08228    .07969    .07722    .07487    .07262    .07047    .06842    .06646
 49.................................................    .09382    .09085    .08801    .08530    .08271    .08024    .07788    .07562    .07346    .07140
 50.................................................    .10018    .09707    .09410    .09127    .08856    .08597    .08349    .08112    .07885    .07667
 51.................................................    .10691    .10367    .10057    .09761    .09477    .09206    .08946    .08697    .08459    .08231
 52.................................................    .11399    .11061    .10738    .10429    .10132    .09849    .09577    .09316    .09066    .08826
 53.................................................    .12142    .11791    .11454    .11132    .10823    .10526    .10242    .09969    .09707    .09456
 54.................................................    .12921    .12556    .12206    .11870    .11548    .11239    .10942    .10657    .10383    .10120
 55.................................................    .13738    .13359    .12995    .12646    .12311    .11989    .11679    .11382    .11096    .10820
 56.................................................    .14595    .14202    .13824    .13462    .13113    .12778    .12456    .12146    .11847    .11560
 57.................................................    .15491    .15084    .14693    .14317    .13955    .13607    .13272    .12949    .12638    .12338
 58.................................................    .16424    .16004    .15599    .15209    .14834    .14473    .14125    .13789    .13465    .13153
 59.................................................    .17390    .16955    .16537    .16134    .15746    .15371    .15010    .14662    .14325    .14001
 60.................................................    .18387    .17939    .17507    .17091    .16689    .16302    .15927    .15566    .15217    .14880
 61.................................................    .19420    .18958    .18513    .18084    .17669    .17268    .16881    .16506    .16145    .15795
 62.................................................    .20494    .20020    .19561    .19119    .18691    .18277    .17877    .17490    .17115    .16753
 63.................................................    .21613    .21126    .20654    .20199    .19758    .19331    .18918    .18518    .18131    .17757
 64.................................................    .22774    .22274    .21791    .21322    .20869    .20429    .20004    .19592    .19192    .18805
 65.................................................    .23979    .23467    .22971    .22490    .22025    .21573    .21135    .20710    .20299    .19899
 66.................................................    .25233    .24709    .24202    .23709    .23231    .22767    .22318    .21881    .21457    .21045
 67.................................................    .26543    .26009    .25489    .24985    .24496    .24021    .23560    .23111    .22676    .22252
 68.................................................    .27908    .27363    .26833    .26319    .25819    .25332    .24860    .24400    .23954    .23519
 69.................................................    .29324    .28769    .28230    .27705    .27195    .26699    .26216    .25746    .25288    .24843
 70.................................................    .30783    .30219    .29671    .29137    .28618    .28112    .27619    .27139    .26672    .26216
 71.................................................    .32277    .31706    .31150    .30608    .30079    .29564    .29063    .28573    .28096    .27631
 72.................................................    .33803    .33225    .32661    .32112    .31575    .31052    .30542    .30044    .29559    .29084
 73.................................................    .35356    .34772    .34201    .33645    .33101    .32571    .32053    .31547    .31053    .30571
 74.................................................    .36943    .36354    .35778    .35215    .34666    .34129    .33604    .33091    .32590    .32100
 75.................................................    .38574    .37980    .37400    .36833    .36278    .35735    .35205    .34686    .34178    .33681
 76.................................................    .40256    .39660    .39076    .38505    .37947    .37400    .36864    .36340    .35827    .35324
 77.................................................    .41991    .41394    .40808    .40235    .39674    .39124    .38585    .38056    .37539    .37032
 78.................................................    .43777    .43180    .42594    .42020    .41457    .40906    .40365    .39834    .39314    .38803
 79.................................................    .45602    .45007    .44422    .43849    .43287    .42735    .42193    .41661    .41139    .40627
 80.................................................    .47449    .46856    .46275    .45704    .45143    .44592    .44051    .43519    .42997    .42484
 81.................................................    .49300    .48712    .48134    .47566    .47008    .46460    .45921    .45391    .44870    .44357
 82.................................................    .51145    .50563    .49990    .49427    .48873    .48328    .47792    .47265    .46746    .46235
 83.................................................    .52983    .52407    .51841    .51284    .50735    .50195    .49663    .49139    .48624    .48116
 84.................................................    .54828    .54261    .53702    .53151    .52609    .52075    .51549    .51030    .50519    .50015
 85.................................................    .56693    .56135    .55586    .55044    .54510    .53983    .53464    .52952    .52447    .51949
 86.................................................    .58560    .58013    .57474    .56943    .56418    .55901    .55390    .54886    .54389    .53898
 87.................................................    .60398    .59864    .59337    .58817    .58303    .57795    .57294    .56799    .56310    .55828
 88.................................................    .62206    .61685    .61170    .60662    .60159    .59663    .59173    .58688    .58209    .57736
 89.................................................    .63980    .63474    .62972    .62477    .61987    .61503    .61024    .60551    .60083    .59620
 90.................................................    .65719    .65227    .64741    .64259    .63783    .63312    .62846    .62385    .61928    .61477
 91.................................................    .67388    .66912    .66440    .65973    .65511    .65053    .64600    .64152    .63708    .63269
 92.................................................    .68949    .68487    .68030    .67577    .67129    .66685    .66245    .65809    .65378    .64950
 93.................................................    .70401    .69954    .69511    .69072    .68637    .68205    .67778    .67355    .66935    .66519
 94.................................................    .71765    .71332    .70902    .70477    .70055    .69636    .69222    .68810    .68403    .67998
 95.................................................    .73072    .72653    .72237    .71825    .71416    .71010    .70608    .70209    .69813    .69421
 96.................................................    .74311    .73906    .73504    .73105    .72709    .72316    .71926    .71539    .71155    .70774
 97.................................................    .75465    .75073    .74684    .74297    .73914    .73533    .73155    .72780    .72407    .72037
 98.................................................    .76555    .76175    .75798    .75424    .75052    .74683    .74317    .73953    .73591    .73232
 99.................................................    .77626    .77260    .76895    .76534    .76174    .75817    .75462    .75109    .74759    .74411
100.................................................    .78676    .78323    .77971    .77622    .77274    .76929    .76586    .76245    .75906    .75569
101.................................................    .79719    .79379    .79040    .78703    .78368    .78035    .77704    .77375    .77048    .76722
102.................................................    .80749    .80422    .80096    .79772    .79450    .79130    .78811    .78494    .78178    .77864
103.................................................    .81775    .81461    .81149    .80838    .80529    .80221    .79914    .79609    .79306    .79003
104.................................................    .82881    .82582    .82284    .81988    .81693    .81399    .81106    .80815    .80525    .80236
105.................................................    .83959    .83674    .83391    .83108    .82826    .82546    .82267    .81988    .81711    .81435
106.................................................    .85373    .85108    .84844    .84581    .84319    .84058    .83797    .83537    .83278    .83020
107.................................................    .87113    .86875    .86636    .86399    .86161    .85925    .85689    .85453    .85218    .84984
108.................................................    .89913    .89721    .89529    .89337    .89145    .88953    .88762    .88571    .88380    .88189
109.................................................    .94900    .94800    .94700    .94600    .94500    .94400    .94300    .94200    .94100    .94000


[[Page 23208]]


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            12.2%     12.4%     12.6%     12.8%     13.0%     13.2%     13.4%     13.6%     13.8%     14.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01208    .01197    .01187    .01177    .01168    .01159    .01151    .01143    .01135    .01128
  1.................................................    .00378    .00367    .00358    .00348    .00340    .00331    .00323    .00316    .00309    .00302
  2.................................................    .00353    .00342    .00331    .00322    .00312    .00304    .00295    .00288    .00280    .00273
  3.................................................    .00350    .00339    .00327    .00317    .00307    .00298    .00289    .00281    .00273    .00265
  4.................................................    .00359    .00347    .00335    .00324    .00313    .00303    .00294    .00285    .00276    .00268
  5.................................................    .00377    .00363    .00351    .00339    .00327    .00317    .00306    .00297    .00288    .00279
  6.................................................    .00400    .00386    .00372    .00359    .00347    .00335    .00325    .00314    .00305    .00295
  7.................................................    .00430    .00414    .00400    .00386    .00373    .00360    .00349    .00338    .00327    .00317
  8.................................................    .00465    .00448    .00432    .00417    .00403    .00390    .00378    .00366    .00354    .00344
  9.................................................    .00508    .00490    .00473    .00457    .00442    .00428    .00414    .00402    .00389    .00378
 10.................................................    .00560    .00541    .00523    .00506    .00490    .00475    .00460    .00446    .00433    .00421
 11.................................................    .00620    .00600    .00581    .00563    .00546    .00529    .00514    .00499    .00485    .00472
 12.................................................    .00689    .00668    .00647    .00628    .00610    .00593    .00576    .00560    .00545    .00531
 13.................................................    .00763    .00740    .00718    .00698    .00678    .00660    .00642    .00626    .00610    .00595
 14.................................................    .00834    .00810    .00787    .00766    .00745    .00726    .00707    .00689    .00673    .00657
 15.................................................    .00901    .00875    .00851    .00828    .00807    .00786    .00767    .00748    .00730    .00714
 16.................................................    .00959    .00932    .00907    .00883    .00860    .00839    .00818    .00799    .00780    .00762
 17.................................................    .01011    .00983    .00956    .00930    .00907    .00884    .00862    .00842    .00822    .00804
 18.................................................    .01057    .01027    .00999    .00972    .00947    .00923    .00900    .00879    .00858    .00839
 19.................................................    .01101    .01070    .01040    .01012    .00985    .00960    .00936    .00914    .00892    .00871
 20.................................................    .01148    .01115    .01083    .01054    .01026    .00999    .00974    .00950    .00927    .00905
 21.................................................    .01197    .01162    .01129    .01098    .01068    .01040    .01014    .00988    .00964    .00941
 22.................................................    .01249    .01211    .01176    .01143    .01112    .01082    .01054    .01027    .01002    .00978
 23.................................................    .01304    .01264    .01227    .01192    .01159    .01127    .01098    .01069    .01042    .01017
 24.................................................    .01364    .01322    .01283    .01246    .01210    .01177    .01145    .01115    .01087    .01060
 25.................................................    .01431    .01387    .01345    .01306    .01268    .01233    .01199    .01168    .01137    .01109
 26.................................................    .01506    .01459    .01415    .01373    .01333    .01295    .01260    .01226    .01194    .01163
 27.................................................    .01591    .01541    .01494    .01449    .01407    .01367    .01329    .01293    .01259    .01226
 28.................................................    .01684    .01631    .01580    .01533    .01488    .01445    .01405    .01367    .01330    .01296
 29.................................................    .01785    .01728    .01675    .01624    .01577    .01531    .01488    .01447    .01408    .01372
 30.................................................    .01893    .01833    .01776    .01723    .01672    .01623    .01578    .01534    .01493    .01453
 31.................................................    .02010    .01946    .01885    .01828    .01773    .01722    .01673    .01627    .01582    .01540
 32.................................................    .02134    .02066    .02002    .01940    .01883    .01828    .01776    .01726    .01679    .01634
 33.................................................    .02270    .02197    .02128    .02063    .02002    .01943    .01887    .01835    .01784    .01736
 34.................................................    .02415    .02338    .02265    .02195    .02130    .02067    .02008    .01951    .01897    .01846
 35.................................................    .02574    .02492    .02414    .02340    .02270    .02203    .02140    .02080    .02022    .01967
 36.................................................    .02746    .02658    .02575    .02496    .02422    .02350    .02283    .02218    .02157    .02098
 37.................................................    .02932    .02838    .02750    .02666    .02586    .02510    .02438    .02369    .02303    .02241
 38.................................................    .03135    .03035    .02941    .02851    .02766    .02685    .02608    .02534    .02464    .02397
 39.................................................    .03355    .03249    .03149    .03053    .02962    .02876    .02793    .02715    .02640    .02568
 40.................................................    .03596    .03484    .03377    .03275    .03178    .03086    .02998    .02914    .02833    .02757
 41.................................................    .03861    .03742    .03628    .03520    .03416    .03318    .03224    .03134    .03048    .02966
 42.................................................    .04152    .04025    .03903    .03788    .03678    .03573    .03473    .03377    .03285    .03198
 43.................................................    .04468    .04333    .04205    .04082    .03965    .03853    .03746    .03644    .03546    .03453
 44.................................................    .04813    .04670    .04533    .04403    .04278    .04159    .04045    .03936    .03832    .03732
 45.................................................    .05183    .05032    .04887    .04748    .04616    .04489    .04368    .04252    .04141    .04034
 46.................................................    .05582    .05421    .05267    .05121    .04980    .04846    .04717    .04593    .04475    .04362
 47.................................................    .06006    .05836    .05673    .05518    .05369    .05226    .05089    .04958    .04832    .04711
 48.................................................    .06459    .06279    .06107    .05943    .05785    .05634    .05488    .05349    .05216    .05087
 49.................................................    .06942    .06752    .06571    .06397    .06230    .06070    .05916    .05768    .05626    .05490
 50.................................................    .07459    .07259    .07068    .06884    .06708    .06538    .06376    .06219    .06069    .05924
 51.................................................    .08012    .07801    .07599    .07406    .07220    .07041    .06869    .06703    .06544    .06391
 52.................................................    .08596    .08375    .08163    .07959    .07763    .07574    .07392    .07218    .07049    .06887
 53.................................................    .09214    .08982    .08759    .08544    .08338    .08139    .07948    .07763    .07586    .07415
 54.................................................    .09867    .09623    .09389    .09164    .08946    .08737    .08536    .08342    .08154    .07974
 55.................................................    .10556    .10301    .10055    .09819    .09591    .09371    .09159    .08955    .08757    .08567
 56.................................................    .11283    .11016    .10759    .10511    .10272    .10042    .09819    .09605    .09397    .09197
 57.................................................    .12050    .11771    .11502    .11243    .10993    .10751    .10518    .10293    .10075    .09864
 58.................................................    .12852    .12562    .12281    .12011    .11749    .11496    .11252    .11016    .10787    .10567
 59.................................................    .13687    .13385    .13092    .12810    .12537    .12273    .12017    .11770    .11531    .11299
 60.................................................    .14554    .14240    .13935    .13641    .13356    .13080    .12813    .12555    .12305    .12063
 61.................................................    .15457    .15130    .14813    .14507    .14210    .13923    .13644    .13375    .13113    .12860
 62.................................................    .16402    .16063    .15734    .15415    .15107    .14808    .14518    .14237    .13964    .13699
 63.................................................    .17393    .17042    .16700    .16370    .16049    .15738    .15437    .15144    .14860    .14584
 64.................................................    .18429    .18065    .17712    .17369    .17036    .16714    .16400    .16096    .15800    .15513
 65.................................................    .19511    .19135    .18769    .18415    .18070    .17735    .17410    .17094    .16787    .16488
 66.................................................    .20645    .20257    .19880    .19513    .19157    .18810    .18473    .18146    .17827    .17517
 67.................................................    .21841    .21441    .21052    .20673    .20305    .19947    .19599    .19259    .18929    .18608
 68.................................................    .23096    .22685    .22284    .21895    .21515    .21146    .20786    .20436    .20094    .19762
 69.................................................    .24409    .23987    .23575    .23175    .22784    .22404    .22033    .21672    .21320    .20976
 70.................................................    .25772    .25339    .24918    .24507    .24106    .23715    .23333    .22961    .22598    .22244
 71.................................................    .27178    .26735    .26304    .25882    .25471    .25070    .24679    .24296    .23923    .23559
 72.................................................    .28622    .28170    .27729    .27298    .26877    .26467    .26065    .25673    .25290    .24915
 73.................................................    .30100    .29639    .29189    .28749    .28320    .27899    .27489    .27087    .26694    .26310

[[Page 23209]]

 
 74.................................................    .31621    .31152    .30694    .30246    .29807    .29378    .28959    .28548    .28146    .27753
 75.................................................    .33195    .32719    .32253    .31797    .31351    .30914    .30486    .30067    .29657    .29255
 76.................................................    .34832    .34350    .33877    .33415    .32961    .32517    .32082    .31656    .31238    .30828
 77.................................................    .36535    .36047    .35570    .35101    .34642    .34192    .33750    .33317    .32892    .32475
 78.................................................    .38302    .37811    .37329    .36856    .36392    .35937    .35490    .35051    .34621    .34198
 79.................................................    .40124    .39630    .39145    .38669    .38201    .37742    .37291    .36848    .36413    .35985
 80.................................................    .41980    .41485    .40998    .40520    .40050    .39588    .39134    .38688    .38249    .37818
 81.................................................    .43854    .43358    .42871    .42392    .41921    .41457    .41001    .40553    .40112    .39678
 82.................................................    .45733    .45238    .44752    .44273    .43802    .43338    .42881    .42431    .41989    .41553
 83.................................................    .47616    .47123    .46638    .46161    .45690    .45227    .44770    .44320    .43877    .43441
 84.................................................    .49519    .49030    .48548    .48073    .47604    .47143    .46688    .46239    .45797    .45361
 85.................................................    .51458    .50974    .50496    .50025    .49560    .49102    .48650    .48204    .47763    .47329
 86.................................................    .53413    .52935    .52463    .51998    .51538    .51084    .50636    .50194    .49758    .49327
 87.................................................    .55351    .54881    .54416    .53957    .53503    .53055    .52613    .52176    .51744    .51317
 88.................................................    .57268    .56806    .56349    .55898    .55451    .55010    .54574    .54144    .53718    .53296
 89.................................................    .59162    .58710    .58262    .57819    .57382    .56949    .56520    .56097    .55678    .55263
 90.................................................    .61030    .60588    .60151    .59718    .59290    .58866    .58447    .58032    .57621    .57214
 91.................................................    .62834    .62403    .61977    .61554    .61136    .60722    .60312    .59907    .59505    .59107
 92.................................................    .64527    .64107    .63692    .63280    .62872    .62468    .62068    .61672    .61279    .60890
 93.................................................    .66107    .65699    .65294    .64893    .64495    .64101    .63711    .63323    .62940    .62559
 94.................................................    .67597    .67200    .66806    .66415    .66027    .65643    .65262    .64884    .64509    .64138
 95.................................................    .69031    .68645    .68262    .67881    .67504    .67130    .66759    .66390    .66025    .65662
 96.................................................    .70396    .70021    .69648    .69279    .68912    .68548    .68186    .67828    .67471    .67118
 97.................................................    .71670    .71305    .70943    .70584    .70227    .69872    .69520    .69171    .68824    .68480
 98.................................................    .72875    .72521    .72169    .71819    .71472    .71127    .70784    .70444    .70106    .69770
 99.................................................    .74065    .73721    .73379    .73040    .72703    .72368    .72035    .71704    .71375    .71048
100.................................................    .75234    .74901    .74570    .74241    .73914    .73589    .73265    .72944    .72625    .72307
101.................................................    .76399    .76077    .75757    .75438    .75122    .74807    .74494    .74183    .73873    .73565
102.................................................    .77552    .77241    .76932    .76625    .76319    .76015    .75712    .75411    .75111    .74813
103.................................................    .78703    .78404    .78106    .77809    .77514    .77221    .76929    .76638    .76348    .76060
104.................................................    .79948    .79662    .79377    .79093    .78810    .78528    .78248    .77969    .77691    .77414
105.................................................    .81159    .80885    .80612    .80340    .80069    .79799    .79530    .79262    .78995    .78729
106.................................................    .82763    .82506    .82250    .81995    .81741    .81488    .81235    .80983    .80732    .80482
107.................................................    .84749    .84516    .84283    .84051    .83819    .83587    .83356    .83126    .82896    .82666
108.................................................    .87999    .87808    .87618    .87428    .87238    .87049    .86859    .86670    .86481    .86293
109.................................................    .93900    .93800    .93700    .93600    .93500    .93400    .93300    .93200    .93100    .93000
--------------------------------------------------------------------------------------------------------------------------------------------------------

    (f) Effective dates. This section applies after April 30, 1999.
    Par. 10. The undesignated center heading immediately preceding 
Sec. 1.664-4A is revised to read as follows:


 
 

    Unitrust Actuarial Tables Applicable Before May 1, 1999

    Par. 11. Section 1.664-4A is amended as follows:
    1. The section heading is revised.
    2. In paragraph (d)(4), the first sentence is revised.
    3. In paragraph (d)(6), the introductory text is revised and Table 
D is removed.
    4. The heading of newly designated paragraph (e) is revised.
    5. In newly designated paragraph (e)(1), the first sentence is 
revised.
    6. Newly designated paragraphs (e)(3) through (e)(5) are revised.
    7. In newly designated paragraph (e)(6), the heading and the first 
sentence of the introductory text are revised and the last sentence of 
introductory text is removed and two new sentences are added in its 
place.
    8. The heading of Table U(1) is revised.
    The addition and revisions read as follows:


Sec. 1.664-4A  Valuation of charitable remainder interests for which 
the valuation date is before May 1, 1999.

* * * * *
    (d) * * *
    (4) Period is a term of years. If the period described in 
Sec. 1.664-3(a)(5) is a term of years, the factor which is used in 
determining the present value of the remainder interest is the factor 
under the appropriate adjusted payout rate in Table D in Sec. 1.664-
4(e)(6) that corresponds to the number of years in the term. * * *
* * * * *
    (6) Actuarial tables for transfers for which the valuation date is 
after November 30, 1983, and before May 1, 1989. Table D in Sec. 1.664-
4(e)(6) and the following tables shall be used in the application of 
the provisions of this section:
* * * * *
    (e) Valuation of charitable remainder unitrusts having certain 
payout sequences for transfers for which the valuation date is after 
April 30, 1989, and before May 1, 1999--(1) In general. Except as 
otherwise provided in paragraph (e)(2) of this section, in the case of 
transfers for which the valuation date is after April 30, 1989, and 
before May 1, 1999, the present value of a remainder interest is 
determined under paragraphs (e)(3) through (e)(6) of this section, 
provided that the amount of the payout as of any payout date during any 
taxable year of the trust is not larger than the amount that the trust 
could distribute on such date under Sec. 1.664-3(a)(1)(v) if the 
taxable year of the trust were to end on such date. * * *
* * * * *
    (3) Adjusted payout rate. For transfers for which the valuation 
date is after April 30, 1989, and before May 1, 1999, the adjusted 
payout rate is determined by using the appropriate Table F, contained 
in Sec. 1.664-4(e)(6), for the section 7520 interest rate applicable to 
the transfer. If the interest rate is between 4.2 and 14 percent, see 
Sec. 1.664-4(e)(6). If the interest rate is below 4.2 percent or 
greater than 14 percent, see Sec. 1.664-4(b). See Sec. 1.664-4(e) for 
rules applicable in determining the adjusted payout rate.
    (4) Period is a term of years. If the period described in 
Sec. 1.664-3(a)(5) is a term of years, the factor that is used in

[[Page 23210]]

determining the present value of the remainder interest for transfers 
for which the valuation date is after April 30, 1989, and before May 1, 
1999, is the factor under the appropriate adjusted payout rate in Table 
D in Sec. 1.664-4(e)(6) corresponding to the number of years in the 
term. If the adjusted payout rate is an amount that is between adjusted 
payout rates for which factors are provided in Table D, a linear 
interpolation must be made. The present value of the remainder interest 
is determined by multiplying the net fair market value (as of the 
appropriate valuation date) of the property placed in trust by the 
factor determined under this paragraph. Generally, for purposes of this 
section, the valuation date is, in the case of an inter vivos transfer, 
the date on which the property is transferred to the trust by the 
donor, and, in the case of a testamentary transfer under sections 2055, 
2106, or 2624, the valuation date is the date of death. See Sec. 1.664-
4T(e)(4) for additional rules regarding the valuation date. See 
Sec. 1.664-4T(e)(4) for an example that illustrates the application of 
this paragraph (e)(4).
    (5) Period is the life of one individual. If the period described 
in Sec. 1.664-3(a)(5) is the life of one individual, the factor that is 
used in determining the present value of the remainder interest for 
transfers for which the valuation date is after April 30, 1989, and 
before May 1, 1999, is the factor in Table U(1) in paragraph (e)(6) of 
this section under the appropriate adjusted payout. For purposes of the 
computations described in this paragraph (e)(5), the age of an 
individual is the age of that individual at the individual's nearest 
birthday. If the adjusted payout rate is an amount that is between 
adjusted payout rates for which factors are provided in the appropriate 
table, a linear interpolation must be made. The rules provided in 
Sec. 1.664-4T(e)(5) apply for determining the present value of the 
remainder interest. See Sec. 1.664-4T(e)(5) for an example illustrating 
the application of this paragraph (e)(5)(using current actuarial 
tables).
    (6) Actuarial tables for transfers for which the valuation date is 
after April 30, 1989, and before May 1, 1999. For transfers for which 
the valuation date is after April 30, 1989, and before May 1, 1999, the 
present value of a charitable remainder unitrust interest that is 
dependent on a term of years or the termination of a life interest is 
determined by using the section 7520 rate and Table D, Tables F(4.2) 
through F(14.0) in Sec. 1.664-4(e)(6) and Table U(1) of this paragraph 
(e)(6), as applicable. * * * Publication 1458 is no longer available 
for purchase from the Superintendent of Documents, United States 
Government Printing Office, Washington, DC 20402. However, pertinent 
factors in this publication may be obtained by a written request to: 
CC:DOM:CORP:R (IRS Publication 1458), room 5226, Internal Revenue 
Service, POB 7604, Ben Franklin Station, Washington, DC 20044.

Table U(1).--Unitrust Single Life Remainder Factors--Based on Life Table
                                 80CNSMT
 [Applicable for Transfers After April 30, 1989, and Before May 1, 1999]
 
 

* * * * *
    Par. 12. Section 1.7520-1 is amended by:
    1. Revising the last two sentences of paragraph (b)(2).
    2. Revising the headings for paragraphs (c)(1) and (c)(2).
    3. Revising the introductory text of paragraph (c)(2).
    4. Removing the first two sentences of paragraph (c)(2)(iii) and 
adding one sentence in their place.
    5. Revising paragraph (d).
    The revisions and addition read as follows:


Sec. 1.7520-1  Valuation of annuities, unitrust interests, interests 
for life or terms of years, and remainder or reversionary interests.

* * * * *
    (b) * * *
    (2) * * * For transactions with valuation dates after April 30, 
1989, and before May 1, 1999, the mortality component table (80CNSMT) 
is contained in Sec. 20.2031-7A(e)(4) of this chapter. See 
Sec. 20.2031-7A(a) through (d) of this chapter for mortality component 
tables applicable to transactions for which the valuation date falls 
before May 1, 1989.
    (c) * * *
    (1) Regulations sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1989, 
and before May 1, 1999. * * *
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 26 percent for valuation dates after 
April 30, 1989, and before May 1, 1999. The following publications are 
no longer available for purchase from the Superintendent of Documents, 
however, they may be obtained from CC:DOM:CORP:R, room 5226, Internal 
Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044:
* * * * *
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Gamma Volume,'' (8-89). * * *
    (d) Effective date. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 13. Section 1.7520-1T is added to read as follows:


Sec. 1.7520-1T  Valuation of annuities, unitrust interests, interests 
for life or terms of years, and remainder or reversionary interests 
(temporary).

    (a) through (b)(1) [Reserved] For further guidance, see 
Sec. 1.7520-1(a) through (b)(1).
    (2) Mortality component. The mortality component reflects the 
mortality data most recently available from the United States census. 
As new mortality data becomes available after each decennial census, 
the mortality component described in this section will be revised 
periodically and the revised mortality component tables will be 
published in the regulations at that time. For transactions with 
valuation dates after April 30, 1999, the mortality component table 
(Table 90CM) is contained in Sec. 20.2031-7T(d)(7) of this chapter. See 
Sec. 20.2031-7A of this chapter for mortality component tables 
applicable to transactions for which the valuation date falls before 
May 1, 1999.
    (c) [Reserved]. For further guidance, see Sec. 1.7520-1(c).
    (1) Regulation sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1999. 
Section 1.642(c)-6T(e)(6) contains Table S used for determining the 
present value of a single life remainder interest in a pooled income 
fund as defined in Sec. 1.642(c)-5. See Sec. 1.642(c)-6A for actuarial 
factors for one life applicable to valuation dates before May 1, 1999. 
Section 1.664-4(e)(6) contains Table F (payout factors) and Table D 
(actuarial factors used in determining the present value of a remainder 
interest postponed for a term of years). Section1.664-4T(e)(7) contains 
Table U(1) (actuarial factors for one life). These tables are used in 
determining the present value of a remainder interest in a charitable 
remainder unitrust as defined in Sec. 1.664-3. See Sec. 1.664-4A for 
actuarial factors for one life applicable to valuation dates before May 
1, 1999. Section 20.2031-7(d)(6) of this chapter contains Table B 
(actuarial factors used in determining the present value of an interest 
for a term of years), Table K (annuity end-of-interval adjustment 
factors), and Table J (term certain annuity beginning-of-interval 
adjustment factors). Section 20.2031-7T(d)(7) of this chapter contains 
Table

[[Page 23211]]

S (actuarial factors for one life), and Table 90CM (mortality 
components). These tables are used in determining the present value of 
annuities, life estates, remainders, and reversions. See Sec. 20.2031-
7A of this chapter for actuarial factors for one life and mortality 
components applicable to valuation dates before May 1, 1999.
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 26 percent for valuation dates after 
April 30, 1999. The following documents are available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402:
    (i) Internal Revenue Service Publication 1457, ``Actuarial Values, 
Book Aleph,'' (1999). This publication includes tables of valuation 
factors, as well as examples that show how to compute other valuation 
factors, for determining the present value of annuities, life estates, 
terms of years, remainders, and reversions, measured by one or two 
lives. These factors may also be used in the valuation of interests in 
a charitable remainder annuity trust as defined in Sec. 1.664-2 and a 
pooled income fund as defined in Sec. 1.642(c)-5.
    (ii) Internal Revenue Service Publication 1458, ``Actuarial Values, 
Book Beth,'' (1999). This publication includes term certain tables and 
tables of one and two life valuation factors for determining the 
present value of remainder interests in a charitable remainder unitrust 
as defined in Sec. 1.664-3.
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (1999). This publication includes tables for 
computing deprecation adjustment factors. See Sec. 1.170A-12T.
    (d) Effective date. This section applies after April 30, 1999.

PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 
1954

    Par. 14. The authority citation for part 20 is amended by adding 
entries in numerical order to read in part as follows:

    Authority: 26 U.S.C. 7805 * * *

    Section 20.2031-7T also issued under 26 U.S.C. 7520(c)(2). * * *
    Section 20.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

    Par. 15. Section 20.2031-0 is revised to read as follows:


Sec. 20.2031-0  Table of contents.

    This section lists the section headings and undesignated center 
headings that appear in the regulations under section 2031.

Sec. 20.2031-1  Definition of gross estate; valuation of property.
Sec. 20.2031-2  Valuation of stocks and bonds.
Sec. 20.2031-3  Valuation of interests in businesses.
Sec. 20.2031-4  Valuation of notes.
Sec. 20.2031-5  Valuation of cash on hand or on deposit.
Sec. 20.2031-6  Valuation of household and personal effects.
Sec. 20.2031-7  Valuation of annuities, interests for life or term 
of years, and remainder or reversionary interests.
Sec. 20.2031-7T  Valuation of annuities, interests for life or term 
of years, and remainder or reversionary interests (temporary).
Sec. 20.2031-8  Valuation of certain life insurance and annuity 
contracts; valuation of shares in an open-end investment company.
Sec. 20.2031-9  Valuation of other property.


             Actuarial Tables Applicable Before May 1, 1999
 

    Sec. 20.2031-7A  Valuation of annuities, interests for life or term 
of years, and remainder or reversionary interests for estates of 
decedents for which the valuation date of the gross estate is before 
May 1, 1999.
    Par. 16. The undesignated centerheading immediately following 
Sec. 20.2046-1 is revised to read as follows:


             Actuarial Tables Applicable Before May 1, 1999
 

    Par. 17. Section 20.2031-7A is amended by:
    1. Revising the section heading.
    2. Adding paragraph (e).
    The revision and addition read as follows:


Sec. 20.2031-7A  Valuation of annuities, interests for life or term of 
years, and remainder or reversionary interests for estates of decedents 
for which the valuation date of the gross estate is before May 1, 1999.

* * * * *
    (e) Valuation of annuities, interests for life or term of years, 
and remainder or reversionary interests for estates of decedents for 
which the valuation date of the gross estate is after April 30,1989, 
and before May 1, 1999--(1) In general. Except as otherwise provided in 
Sec. 20.2031-7(b) and Sec. 20.7520-3(b) (pertaining to certain 
limitations on the use of prescribed tables), if the valuation date for 
the gross estate of the decedent is after April 30, 1989, and before 
May 1, 1999, the fair market value of annuities, life estates, terms of 
years, remainders, and reversionary interests is the present value of 
the interests determined by use of standard or special section 7520 
actuarial factors and the valuation methodology described in 
Sec. 20.2031-7T(d). These factors are derived by using the appropriate 
section 7520 interest rate and, if applicable, the mortality component 
for the valuation date of the interest that is being valued. See 
Secs. 20.7520-1 through 20.7520-4. See paragraph (e)(4) of this section 
for determination of the appropriate table for use in valuing these 
interests.
    (2) Transitional rule. (i) If the valuation date is after April 30, 
1989, and before June 10, 1994, a taxpayer can rely on Notice 89-24 
(1989-1 C.B. 660), or Notice 89-60 (1989-1 C.B. 700 ). See 
Sec. 601.601(d)(2)(ii)(b) of this chapter.
    (ii) If a decedent dies after April 30, 1989, and if on May 1, 
1989, the decedent was mentally incompetent so that the disposition of 
the decedent's property could not be changed, and the decedent dies 
without having regained competency to dispose of the decedent's 
property or dies within 90 days of the date on which the decedent first 
regains competency, the fair market value of annuities, life estates, 
terms for years, remainders, and reversions included in the gross 
estate of the decedent is their present value determined either under 
this section or under the corresponding section applicable at the time 
the decedent became mentally incompetent, at the option of the 
decedent's executor. For example, see paragraph (d) of this section.
    (3) Publications and actuarial computations by the Internal Revenue 
Service. Many standard actuarial factors not included in paragraph 
(e)(4) of this section or in Sec. 20.2031-7(d)(6) are included in 
Internal Revenue Service Publication 1457, ``Actuarial Values, Alpha 
Volume,'' (8-89). Publication 1457 also includes examples that 
illustrate how to compute many special factors for more unusual 
situations. Publication 1457 is no longer available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402. However, pertinent factors in this 
publication may be obtained from: CC:DOM:CORP:R (IRS Publication 1457), 
room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, 
Washington, DC 20044. If a special factor is required in the case of an 
actual decedent, the Internal Revenue Service may furnish the factor to 
the executor upon a request for a ruling. The request for a ruling must 
be accompanied by a recitation of the facts including a statement of 
the date of birth for each measuring life, the date of the decedent's 
death, any other applicable dates, and a copy of the will, trust, or 
other relevant documents. A

[[Page 23212]]

request for a ruling must comply with the instructions for requesting a 
ruling published periodically in the Internal Revenue Bulletin (see 
Secs. 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include 
payment of the required user fee.
    (4) Actuarial tables. Except as provided in Sec. 20.7520-3(b) 
(pertaining to certain limitations on the use of prescribed tables), 
Life Table 80CNSMT and Table S (Single life remainder factors 
applicable where the valuation date is after April 30, 1989, and before 
May 1, 1999), contained in this paragraph (b)(4), and Table B, Table J, 
and Table K set forth in Sec. 20.2031-7(d)(6) must be used in the 
application of the provisions of this section when the section 7520 
interest rate component is between 4.2 and 14 percent. Table S and 
Table 80CNSMT are as follows:
    Par. 17a. Section 20.2031-7A is further amended by redesignating 
Table S and Table 80CNSMT in Sec. 20.2031-7(d)(6) as Table S and Table 
80CNSMT in Sec. 20.2031-7A(e)(4) and revising the table headings to 
read as follows:
* * * * *
    (e) * * *
    (4) * * *

   Table S.--Based on Life on Life Table 80CNSMT Single Life Remainder
                                 Factors
        [Applicable After April 30, 1989, and Before May 1, 1999]
 
 

* * * * *

 Table 80CNSMT.--Applicable After April 30, 1989, and Before May 1, 1999
 
 

* * * * *
    Par. 18. Section 20.2031-7 is amended by:
    1. Revising the section heading.
    2. Revising paragraphs (c) through (d)(5).
    3. Revising paragraph (d)(6) heading and introductory text.
    4. Revising paragraph (e).
    The revisions read as follows:


Sec. 20.2031-7  Valuation of annuities, interests for life or term of 
years, and remainder or reversionary interests.

* * * * *
    (c) through (d)(5) [Reserved]. For further guidance, see 
Sec. 20.2031-7T(c) through (d)(5).
    (d)(6) Actuarial Table B, Table J, and Table K where the valuation 
date is after April 30, 1989. Except as provided in Sec. 20.7520-3(b) 
(pertaining to certain limitations on prescribed tables), the tables in 
this paragraph (d)(6) and either Table S and Table 80CNSMT in 
Sec. 20.2031-7A(e)(4) (for valuation dates after April 30, 1989, and 
before May 1, 1999), or Table S and Table 90CM in Sec. 20.2031-7T(d)(7) 
(for valuation dates after May 1, 1999) must be used in the application 
of the provisions of this section when the section 7520 interest rate 
component is between 4.2 and 14 percent.
* * * * *
    (e) Effective date. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 19. Section 20.2031-7T is added to read as follows:


Sec. 20.2031-7T  Valuation of annuities, interests for life or term of 
years, and remainder or reversionary interests (temporary).

    (a) through (b) [Reserved]. For further information see 
Sec. 20.2031-7(a) through (b).
    (c) Actuarial valuations. The present value of annuities, life 
estates, terms of years, remainders, and reversions for estates of 
decedents for which the valuation date of the gross estate is after 
April 30, 1999, is determined under paragraph (d) of this section. The 
present value of annuities, life estates, terms of years, remainders, 
and reversions for estates of decedents for which the valuation date of 
the gross estate is before May 1, 1999, is determined under the 
following sections:

------------------------------------------------------------------------
                                                 Applicable
          Valuation date          --------------------------------------
                                      After          Before section
------------------------------------------------------------------------
                                      01-01-52  20.2031-7A(a).
12-31-51.........................     01-01-71  20.2031-7A(b).
12-31-70.........................     12-01-83  20.2031-7A(c).
11-30-83.........................     05-01-89  20.2031-7A(d).
04-30-89.........................     05-01-99  20.2031-7A(e).
------------------------------------------------------------------------

    (d) Actuarial valuations after April 30, 1999--(1) In general. 
Except as otherwise provided in paragraph (b) of this section and 
Sec. 20.7520-3(b) (pertaining to certain limitations on the use of 
prescribed tables), if the valuation date for the gross estate of the 
decedent is after April 30, 1999, the fair market value of annuities, 
life estates, terms of years, remainders, and reversionary interests is 
the present value determined by use of standard or special section 7520 
actuarial factors. These factors are derived by using the appropriate 
section 7520 interest rate and, if applicable, the mortality component 
for the valuation date of the interest that is being valued. See 
Secs. 20.7520-1 through 20.7520-4.
    (2) Specific interests--(i) Charitable remainder trusts. The fair 
market value of a remainder interest in a pooled income fund, as 
defined in Sec. 1.642(c)-5 of this chapter, is its value determined 
under Sec. 1.642(c)-6T(e) of this chapter. The fair market value of a 
remainder interest in a charitable remainder annuity trust, as defined 
in Sec. 1.664-2(a) of this chapter, is the present value determined 
under Sec. 1.664-2(c) of this chapter. The fair market value of a 
remainder interest in a charitable remainder unitrust, as defined in 
Sec. 1.664-3 of this chapter, is its present value determined under 
Sec. 1.664-4T(e) of this chapter. The fair market value of a life 
interest or term of years in a charitable remainder unitrust is the 
fair market value of the property as of the date of valuation less the 
fair market value of the remainder interest on that date determined 
under Sec. 1.664-4T(e)(4) and (5) of this chapter.
    (ii) Ordinary remainder and reversionary interests. If the interest 
to be valued is to take effect after a definite number of years or 
after the death of one individual, the present value of the interest is 
computed by multiplying the value of the property by the appropriate 
remainder interest actuarial factor (that corresponds to the applicable 
section 7520 interest rate and remainder interest period) in Table B 
(for a term certain) or the appropriate Table S (for one measuring 
life), as the case may be. Table B is contained in Sec. 20.2031-7(d)(6) 
and Table S (for one measuring life when the valuation date is after 
April 30, 1999) is contained in paragraph (d)(7) of this section and in 
Internal Revenue Service Publication 1457. For information about 
obtaining actuarial factors for other types of remainder interests, see 
paragraph (d)(4) of this section.
    (iii) Ordinary term-of-years and life interests. If the interest to 
be valued is the right of a person to receive the income of certain 
property, or to use certain nonincome-producing property, for a term of 
years or for the life of one individual, the present value of the 
interest is computed by multiplying the value of the property by the 
appropriate term-of-years or life interest actuarial factor (that 
corresponds to the applicable section 7520 interest rate and term-of-
years or life interest period). Internal Revenue Service Publication 
1457 includes actuarial factors for an interest for a term of years in 
Table B and for the life of one individual in Table S (for one 
measuring life when the valuation date is after April 30, 1999). 
However, term-of-years and life interest actuarial factors are not 
included in Table B in Sec. 20.2031-7(d)(6) or Table S in paragraph 
(d)(7) of this section. If Internal Revenue Service Publication

[[Page 23213]]

1457 (or any other reliable source of term-of-years and life interest 
actuarial factors) is not conveniently available, an actuarial factor 
for the interest may be derived mathematically. This actuarial factor 
may be derived by subtracting the correlative remainder factor (that 
corresponds to the applicable section 7520 interest rate and the term 
of years or the life) in Table B (for a term of years) in Sec. 20.2031-
7(d)(6) or in Table S (for the life of one individual) in paragraph 
(d)(7) of this section, as the case may be, from 1.000000. For 
information about obtaining actuarial factors for other types of term-
of-years and life interests, see paragraph (d)(4) of this section.
    (iv) Annuities. (A) If the interest to be valued is the right of a 
person to receive an annuity that is payable at the end of each year 
for a term of years or for the life of one individual, the present 
value of the interest is computed by multiplying the aggregate amount 
payable annually by the appropriate annuity actuarial factor (that 
corresponds to the applicable section 7520 interest rate and annuity 
period). Internal Revenue Publication 1457 includes actuarial factors 
in Table B (for an annuity payable for a term of years) and in Table S 
(for an annuity payable for the life of one individual when the 
valuation date is after April 30, 1999). However, annuity actuarial 
factors are not included in Table B in Sec. 20.2031-7(d)(6) or Table S 
in paragraph (d)(7) of this section. If Internal Revenue Service 
Publication 1457 (or any other reliable source of annuity actuarial 
factors) is not conveniently available, a required annuity factor for a 
term of years or for one life may be mathematically derived. This 
annuity factor may be derived by subtracting the applicable remainder 
factor (that corresponds to the applicable section 7520 interest rate 
and annuity period) in Table B (in the case of a term-of-years annuity) 
in Sec. 20.2031-7(d)(6) or in Table S (in the case of a one-life 
annuity when the valuation date is after April 30, 1999) in paragraph 
(d)(7) of this section, as the case may be, from 1.000000 and then 
dividing the result by the applicable section 7520 interest rate 
expressed as a decimal number.
    (B) If the annuity is payable at the end of semiannual, quarterly, 
monthly, or weekly periods, the product obtained by multiplying the 
annuity factor by the aggregate amount payable annually is then 
multiplied by the applicable adjustment factor as contained in Table K 
in Sec. 20.2031-7(d)(6) for payments made at the end of the specified 
periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated 
by the following example:

    Example. At the time of the decedent's death, the survivor/
annuitant, age 72, is entitled to receive an annuity of $15,000 a 
year for life payable in equal monthly installments at the end of 
each period. The section 7520 rate for the month in which the 
decedent died is 9.6 percent. Under Table S in paragraph (d)(7) of 
this section, the remainder factor at 9.6 percent for an individual 
aged 72 is .38438. By converting the remainder factor to an annuity 
factor, as described above, the annuity factor at 9.6 percent for an 
individual aged 72 is 6.4127 (1.00000 minus .38438, divided by 
.096). Under Table K in Sec. 20.2031-7(d)(6), the adjustment factor 
under the column for payments made at the end of each monthly period 
at the rate of 9.6 percent is 1.0433. The aggregate annual amount, 
$15,000, is multiplied by the factor 6.4127 and the product 
multiplied by 1.0433. The present value of the annuity at the date 
of the decedent's death is, therefore, $100,355.55 ($15,000 x 6.4127 
x 1.0433).

    (C) If an annuity is payable at the beginning of annual, 
semiannual, quarterly, monthly, or weekly periods for a term of years, 
the value of the annuity is computed by multiplying the aggregate 
amount payable annually by the annuity factor described in paragraph 
(d)(2)(iv)(A) of this section; and the product so obtained is then 
multiplied by the adjustment factor in Table J in Sec. 20.2031-7(d)(6) 
at the appropriate interest rate component for payments made at the 
beginning of specified periods. If an annuity is payable at the 
beginning of annual, semiannual, quarterly, monthly, or weekly periods 
for one or more lives, the value of the annuity is the sum of the first 
payment plus the present value of a similar annuity, the first payment 
of which is not to be made until the end of the payment period, 
determined as provided in this paragraph (d)(2)(iv).
    (v) Annuity and unitrust interests for a term of years or until the 
prior death of an individual. See Sec. 25.2512-5T(d)(2)(v) of this 
chapter for examples explaining how to compute the present value of an 
annuity or unitrust interest that is payable until the earlier of the 
lapse of a specific number of years or the death of an individual.
    (3) Transitional rule. (i) If a decedent dies after April 30, 1999, 
and if on May 1, 1999, the decedent was mentally incompetent so that 
the disposition of the decedent's property could not be changed, and 
the decedent dies without having regained competency to dispose of the 
decedent's property or dies within 90 days of the date on which the 
decedent first regains competency, the fair market value of annuities, 
life estates, terms for years, remainders, and reversions included in 
the gross estate of the decedent is their present value determined 
either under this section or under the corresponding section applicable 
at the time the decedent became mentally incompetent, at the option of 
the decedent's executor. For example, see Sec. 20.2031-7A(e)(2).
    (ii) If a decedent dies after April 30, 1999, and before July 1, 
1999, the fair market value of annuities, life estates, remainders, and 
reversions based on one or more measuring lives included in the gross 
estate of the decedent is their present value determined under this 
section by use of the section 7520 interest rate for the month in which 
the valuation date occurs (See Secs. 20.7520-1(b) and 20.7520-2(a)(2)) 
and the appropriate actuarial tables under either paragraph (d)(7) of 
this section or Sec. 20.2031-7A(e)(4), at the option of the decedent's 
executor.
    (iii) For purposes of paragraphs (d)(3) (i) and (ii) of this 
section, where the decedent's executor is given the option to use the 
appropriate actuarial tables under either paragraph (d)(7) of this 
section or Sec. 20.2031-7A(e)(4), the decedent's executor must use the 
same actuarial table with respect to each individual transaction and 
with respect to all transfers occurring on the valuation date (e.g., 
gift and income tax charitable deductions with respect to the same 
transfer must be determined based on the same tables, and all assets 
includible in the gross estate and/or estate tax deductions claimed 
must be valued based on the same tables).
    (4) Publications and actuarial computations by the Internal Revenue 
Service. Many standard actuarial factors not included in Sec. 20.2031-
7(d)(6) or in paragraph (d)(7) of this section are included in Internal 
Revenue Service Publication 1457, ``Actuarial Values, Book Aleph,'' 
(1999). Publication 1457 also includes examples that illustrate how to 
compute many special factors for more unusual situations. A copy of 
this publication is available for purchase from the Superintendent of 
Documents, United States Government Printing Office, Washington, DC 
20402. If a special factor is required in the case of an actual 
decedent, the Internal Revenue Service may furnish the factor to the 
executor upon a request for a ruling. The request for a ruling must be 
accompanied by a recitation of the facts including a statement of the 
date of birth for each measuring life, the date of the decedent's 
death, any other applicable dates, and a copy of the will, trust, or 
other relevant documents. A request for a ruling must comply with the 
instructions for requesting a ruling published periodically in the 
Internal

[[Page 23214]]

Revenue Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) of this 
chapter) and include payment of the required user fee.
    (5) Examples. The provisions of this section are illustrated by the 
following examples:

    Example 1. Remainder payable at an individual's death. The 
decedent, or the decedent's estate, was entitled to receive certain 
property worth $50,000 upon the death of A, to whom the income was 
bequeathed for life. At the time of the decedent's death, A was 47 
years 5 months old. In the month in which the decedent died, the 
section 7520 rate was 9.8 percent. Under Table S in paragraph (d)(7) 
of this section, the remainder factor at 9.8 percent for determining 
the present value of the remainder interest due at the death of a 
person aged 47, the number of years nearest A's actual age at the 
decedent's death, is .10317. The present value of the remainder 
interest at the date of the decedent's death is, therefore, 
$5,158.50 ($50,000  x  .10317).
    Example 2. Income payable for an individual's life. A's parent 
bequeathed an income interest in property to A for life, with the 
remainder interest passing to B at A's death. At the time of the 
parent's death, the value of the property was $50,000 and A was 30 
years 10 months old. The section 7520 rate at the time of the 
parent's death was 10.2 percent. Under Table S in paragraph (d)(7) 
of this section, the remainder factor at 10.2 percent for 
determining the present value of the remainder interest due at the 
death of a person aged 31, the number of years closest to A's age at 
the decedent's death, is .03583. Converting this remainder factor to 
an income factor, as described in paragraph (d)(2)(iii) of this 
section, the factor for determining the present value of an income 
interest for the life of a person aged 31 is .96417. The present 
value of A's interest at the time of the parent's death is, 
therefore, $48,208.50 ($50,000  x  .96417).
    Example 3. Annuity payable for an individual's life. A purchased 
an annuity for the benefit of both A and B. Under the terms of the 
annuity contract, at A's death, a survivor annuity of $10,000 a year 
payable in equal semiannual installments made at the end of each 
interval is payable to B for life. At A's death, B was 45 years 7 
months old. Also, at A's death, the section 7520 rate was 9.6 
percent. Under Table S in paragraph (d)(7) of this section, the 
factor at 9.6 percent for determining the present value of the 
remainder interest at the death of a person age 46 (the number of 
years nearest B's actual age) is .10013. By converting the factor to 
an annuity factor, as described in paragraph (d)(2)(iv)(A) of this 
section, the factor for the present value of an annuity payable 
until the death of a person age 46 is 9.3736 (1.00000 minus .10013, 
divided by .096). The adjustment factor from Table K in 
Sec. 20.2031-7(d)(6) at an interest rate of 9.6 percent for 
semiannual annuity payments made at the end of the period is 1.0235. 
The present value of the annuity at the date of A's death is, 
therefore, $95,938.80 ($10,000  x  9.3736  x  1.0235).
    Example 4. Annuity payable for a term of years. The decedent, or 
the decedent's estate, was entitled to receive an annuity of $10,000 
a year payable in equal quarterly installments at the end of each 
quarter throughout a term certain. At the time of the decedent's 
death, the section 7520 rate was 9.8 percent. A quarterly payment 
had just been made prior to the decedent's death and payments were 
to continue for 5 more years. Under Table B in Sec. 20.2031-7(d)(6) 
for the interest rate of 9.8 percent, the factor for the present 
value of a remainder interest due after a term of 5 years is 
.626597. Converting the factor to an annuity factor, as described in 
paragraph (d)(2)(iv)(A) of this section, the factor for the present 
value of an annuity for a term of 5 years is 3.8102. The adjustment 
factor from Table K in Sec. 20.2031-7(d)(6) at an interest rate of 
9.8 percent for quarterly annuity payments made at the end of the 
period is 1.0360. The present value of the annuity is, therefore, 
$39,473.67 ($10,000  x  3.8102  x  1.0360).

    (6) [Reserved]. For further guidance, see Sec. 20.2031-7(d)(6).
    (7) Actuarial Table S and Table 90CM where the valuation date is 
after April 30, 1999. Except as provided in Sec. 20.7520-2(b) 
(pertaining to certain limitations on the use of prescribed tables), 
the following Table 90CM and Table S (single life remainder factors 
applicable where the valuation date is after April 30, 1999) and Table 
B, Table J, and Table K contained in Sec. 20.2031-7(d)(6), must be used 
in the application of the provisions of this section when the section 
7520 interest rate component is between 4.2 and 14 percent.

 Table S.--Single Life Remainder Factors Applicable After April 30, 1999
                        Based on Life Table 90CM
                             [Interest rate]
 
 


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            4.2%      4.4%      4.6%      4.8%      5.0%      5.2%      5.4%      5.6%      5.8%      6.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .06752    .06130    .05586    .05109    .04691    .04322    .03998    .03711    .03458    .03233
  1.................................................    .06137    .05495    .04932    .04438    .04003    .03620    .03283    .02985    .02721    .02487
  2.................................................    .06325    .05667    .05088    .04580    .04132    .03737    .03388    .03079    .02806    .02563
  3.................................................    .06545    .05869    .05275    .04752    .04291    .03883    .03523    .03203    .02920    .02668
  4.................................................    .06784    .06092    .05482    .04944    .04469    .04048    .03676    .03346    .03052    .02791
  5.................................................    .07040    .06331    .05705    .05152    .04662    .04229    .03845    .03503    .03199    .02928
  6.................................................    .07310    .06583    .05941    .05372    .04869    .04422    .04025    .03672    .03357    .03076
  7.................................................    .07594    .06849    .06191    .05607    .05089    .04628    .04219    .03854    .03528    .03236
  8.................................................    .07891    .07129    .06453    .05853    .05321    .04846    .04424    .04046    .03709    .03407
  9.................................................    .08203    .07423    .06731    .06115    .05567    .05079    .04643    .04253    .03904    .03592
 10.................................................    .08532    .07734    .07024    .06392    .05829    .05326    .04877    .04474    .04114    .03790
 11.................................................    .08875    .08059    .07331    .06683    .06104    .05587    .05124    .04709    .04336    .04002
 12.................................................    .09233    .08398    .07653    .06989    .06394    .05862    .05385    .04957    .04572    .04226
 13.................................................    .09601    .08748    .07985    .07304    .06693    .06146    .05655    .05214    .04816    .04458
 14.................................................    .09974    .09102    .08322    .07624    .06997    .06435    .05929    .05474    .05064    .04694
 15.................................................    .10350    .09460    .08661    .07946    .07303    .06725    .06204    .05735    .05312    .04930
 16.................................................    .10728    .09818    .09001    .08268    .07608    .07014    .06479    .05996    .05559    .05164
 17.................................................    .11108    .10179    .09344    .08592    .07916    .07306    .06755    .06257    .05807    .05399
 18.................................................    .11494    .10545    .09691    .08921    .08227    .07601    .07034    .06521    .06057    .05636
 19.................................................    .11889    .10921    .10047    .09259    .08548    .07904    .07322    .06794    .06315    .05880
 20.................................................    .12298    .11310    .10417    .09610    .08881    .08220    .07622    .07078    .06584    .06135
 21.................................................    .12722    .11713    .10801    .09976    .09228    .08550    .07935    .07375    .06866    .06403
 22.................................................    .13159    .12130    .11199    .10354    .09588    .08893    .08260    .07685    .07160    .06682
 23.................................................    .13613    .12563    .11612    .10748    .09964    .09250    .08601    .08009    .07468    .06975
 24.................................................    .14084    .13014    .12043    .11160    .10357    .09625    .08958    .08349    .07793    .07284
 25.................................................    .14574    .13484    .12493    .11591    .10768    .10018    .09334    .08708    .08135    .07611
 26.................................................    .15084    .13974    .12963    .12041    .11199    .10431    .09728    .09085    .08496    .07956
 27.................................................    .15615    .14485    .13454    .12513    .11652    .10865    .10144    .09484    .08878    .08322
 28.................................................    .16166    .15016    .13965    .13004    .12124    .11319    .10580    .09901    .09279    .08706
 29.................................................    .16737    .15567    .14497    .13516    .12617    .11792    .11035    .10339    .09699    .09109

[[Page 23215]]

 
 30.................................................    .17328    .16138    .15048    .14047    .13129    .12286    .11510    .10796    .10138    .09532
 31.................................................    .17938    .16728    .15618    .14599    .13661    .12799    .12004    .11272    .10597    .09974
 32.................................................    .18568    .17339    .16210    .15171    .14214    .13333    .12520    .11769    .11076    .10435
 33.................................................    .19220    .17972    .16824    .15766    .14790    .13889    .13058    .12289    .11578    .10920
 34.................................................    .19894    .18627    .17460    .16383    .15388    .14468    .13618    .12831    .12102    .11426
 35.................................................    .20592    .19307    .18121    .17025    .16011    .15073    .14204    .13399    .12652    .11958
 36.................................................    .21312    .20010    .18805    .17691    .16658    .15701    .14814    .13990    .13225    .12514
 37.................................................    .22057    .20737    .19514    .18382    .17331    .16356    .15450    .14608    .13825    .13096
 38.................................................    .22827    .21490    .20251    .19100    .18031    .17038    .16113    .15253    .14452    .13705
 39.................................................    .23623    .22270    .21013    .19845    .18759    .17747    .16805    .15927    .15108    .14344
 40.................................................    .24446    .23078    .21805    .20620    .19516    .18487    .17527    .16631    .15795    .15013
 41.................................................    .25298    .23915    .22626    .21425    .20305    .19259    .18282    .17368    .16514    .15715
 42.................................................    .26178    .24782    .23478    .22262    .21125    .20062    .19069    .18138    .17267    .16450
 43.................................................    .27087    .25678    .24360    .23129    .21977    .20898    .19888    .18941    .18053    .17220
 44.................................................    .28025    .26603    .25273    .24027    .22860    .21766    .20740    .19777    .18873    .18023
 45.................................................    .28987    .27555    .26212    .24953    .23772    .22664    .21622    .20644    .19724    .18858
 46.................................................    .29976    .28533    .27179    .25908    .24714    .23591    .22536    .21542    .20606    .19725
 47.................................................    .30987    .29535    .28171    .26889    .25682    .24546    .23476    .22468    .21518    .20621
 48.................................................    .32023    .30563    .29190    .27897    .26678    .25530    .24447    .23425    .22460    .21549
 49.................................................    .33082    .31615    .30234    .28931    .27702    .26543    .25447    .24412    .23434    .22509
 50.................................................    .34166    .32694    .31306    .29995    .28756    .27586    .26479    .25432    .24441    .23502
 51.................................................    .35274    .33798    .32404    .31085    .29838    .28658    .27541    .26482    .25479    .24528
 52.................................................    .36402    .34924    .33525    .32200    .30946    .29757    .28630    .27561    .26547    .25584
 53.................................................    .37550    .36070    .34668    .33339    .32078    .30882    .29746    .28667    .27643    .26669
 54.................................................    .38717    .37237    .35833    .34500    .33234    .32031    .30888    .29801    .28766    .27782
 55.................................................    .39903    .38424    .37019    .35683    .34413    .33205    .32056    .30961    .29918    .28925
 56.................................................    .41108    .39631    .38227    .36890    .35617    .34405    .33250    .32149    .31099    .30097
 57.................................................    .42330    .40857    .39455    .38118    .36844    .35629    .34469    .33363    .32306    .31297
 58.................................................    .43566    .42098    .40699    .39364    .38089    .36873    .35710    .34600    .33538    .32522
 59.................................................    .44811    .43351    .41956    .40623    .39350    .38133    .36968    .35855    .34789    .33768
 60.................................................    .46066    .44613    .43224    .41896    .40624    .39408    .38243    .37127    .36058    .35033
 61.................................................    .47330    .45887    .44505    .43182    .41914    .40699    .39535    .38418    .37347    .36318
 62.................................................    .48608    .47175    .45802    .44485    .43223    .42011    .40848    .39732    .38660    .37629
 63.................................................    .49898    .48478    .47115    .45807    .44550    .43343    .42184    .41069    .39997    .38966
 64.................................................    .51200    .49793    .48442    .47143    .45895    .44694    .43539    .42427    .41357    .40326
 65.................................................    .52512    .51121    .49782    .48495    .47255    .46062    .44912    .43805    .42738    .41709
 66.................................................    .53835    .52461    .51137    .49862    .48634    .47449    .46307    .45206    .44143    .43118
 67.................................................    .55174    .53818    .52511    .51250    .50034    .48860    .47727    .46633    .45576    .44556
 68.................................................    .56524    .55188    .53899    .52654    .51452    .50291    .49168    .48083    .47034    .46020
 69.................................................    .57882    .56568    .55299    .54071    .52885    .51737    .50627    .49552    .48513    .47506
 70.................................................    .59242    .57951    .56703    .55495    .54325    .53193    .52096    .51034    .50004    .49007
 71.................................................    .60598    .59332    .58106    .56918    .55767    .54651    .53569    .52520    .51503    .50516
 72.................................................    .61948    .60707    .59504    .58338    .57206    .56108    .55043    .54009    .53004    .52029
 73.................................................    .63287    .62073    .60895    .59751    .58640    .57561    .56513    .55495    .54505    .53543
 74.................................................    .64621    .63435    .62282    .61162    .60073    .59015    .57985    .56984    .56009    .55061
 75.................................................    .65953    .64796    .63671    .62575    .61510    .60473    .59463    .58480    .57523    .56591
 76.................................................    .67287    .66160    .65063    .63995    .62954    .61940    .60952    .59989    .59050    .58135
 77.................................................    .68622    .67526    .66459    .65419    .64404    .63415    .62450    .61509    .60590    .59694
 78.................................................    .69954    .68892    .67856    .66845    .65858    .64895    .63955    .63036    .62140    .61264
 79.................................................    .71278    .70250    .69246    .68265    .67308    .66372    .65457    .64563    .63690    .62836
 80.................................................    .72581    .71588    .70618    .69668    .68740    .67833    .66945    .66077    .65227    .64396
 81.................................................    .73857    .72899    .71962    .71045    .70147    .69268    .68408    .67566    .66741    .65933
 82.................................................    .75101    .74178    .73274    .72389    .71522    .70672    .69840    .69024    .68225    .67441
 83.................................................    .76311    .75423    .74553    .73700    .72864    .72044    .71240    .70451    .69678    .68919
 84.................................................    .77497    .76645    .75809    .74988    .74183    .73393    .72618    .71857    .71110    .70377
 85.................................................    .78665    .77848    .77047    .76260    .75487    .74728    .73982    .73250    .72530    .71823
 86.................................................    .79805    .79025    .78258    .77504    .76764    .76036    .75320    .74617    .73925    .73245
 87.................................................    .80904    .80159    .79427    .78706    .77998    .77301    .76615    .75940    .75277    .74624
 88.................................................    .81962    .81251    .80552    .79865    .79188    .78521    .77865    .77220    .76584    .75958
 89.................................................    .82978    .82302    .81636    .80980    .80335    .79699    .79072    .78455    .77847    .77248
 90.................................................    .83952    .83309    .82676    .82052    .81437    .80831    .80234    .79645    .79064    .78492
 91.................................................    .84870    .84260    .83658    .83064    .82479    .81902    .81332    .80771    .80217    .79671
 92.................................................    .85716    .85136    .84563    .83998    .83441    .82891    .82348    .81812    .81283    .80761
 93.................................................    .86494    .85942    .85396    .84858    .84326    .83801    .83283    .82771    .82266    .81767
 94.................................................    .87216    .86690    .86170    .85657    .85149    .84648    .84153    .83664    .83181    .82704
 95.................................................    .87898    .87397    .86902    .86412    .85928    .85450    .84977    .84510    .84049    .83592
 96.................................................    .88537    .88060    .87587    .87121    .86659    .86203    .85751    .85305    .84864    .84427
 97.................................................    .89127    .88672    .88221    .87775    .87335    .86898    .86467    .86040    .85618    .85200
 98.................................................    .89680    .89245    .88815    .88389    .87968    .87551    .87138    .86730    .86326    .85926
 99.................................................    .90217    .89803    .89393    .88987    .88585    .88187    .87793    .87402    .87016    .86633
100.................................................    .90738    .90344    .89953    .89567    .89183    .88804    .88428    .88056    .87687    .87322
101.................................................    .91250    .90876    .90504    .90137    .89772    .89412    .89054    .88699    .88348    .88000
102.................................................    .91751    .91396    .91045    .90696    .90350    .90007    .89668    .89331    .88997    .88666
103.................................................    .92247    .91912    .91579    .91249    .90922    .90598    .90276    .89957    .89640    .89326

[[Page 23216]]

 
104.................................................    .92775    .92460    .92148    .91839    .91532    .91227    .90924    .90624    .90326    .90031
105.................................................    .93290    .92996    .92704    .92415    .92127    .91841    .91558    .91276    .90997    .90719
106.................................................    .93948    .93680    .93415    .93151    .92889    .92628    .92370    .92113    .91857    .91604
107.................................................    .94739    .94504    .94271    .94039    .93808    .93579    .93351    .93124    .92899    .92675
108.................................................    .95950    .95767    .95585    .95404    .95224    .95045    .94867    .94689    .94512    .94336
109.................................................    .97985    .97893    .97801    .97710    .97619    .97529    .97438    .97348    .97259    .97170


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            6.2%      6.4%      6.6%      6.8%      7.0%      7.2%      7.4%      7.6%      7.8%      8.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .03034    .02857    .02700    .02559    .02433    .02321    .02220    .02129    .02047    .01973
  1.................................................    .02279    .02094    .01929    .01782    .01650    .01533    .01427    .01331    .01246    .01168
  2.................................................    .02347    .02155    .01983    .01829    .01692    .01569    .01458    .01358    .01268    .01187
  3.................................................    .02444    .02243    .02065    .01905    .01761    .01632    .01516    .01412    .01317    .01232
  4.................................................    .02558    .02349    .02163    .01996    .01846    .01712    .01590    .01481    .01382    .01292
  5.................................................    .02686    .02469    .02275    .02101    .01945    .01804    .01677    .01562    .01458    .01364
  6.................................................    .02825    .02600    .02398    .02217    .02053    .01906    .01773    .01653    .01544    .01445
  7.................................................    .02976    .02742    .02532    .02343    .02172    .02019    .01880    .01754    .01640    .01536
  8.................................................    .03137    .02894    .02675    .02479    .02301    .02140    .01995    .01864    .01744    .01635
  9.................................................    .03311    .03059    .02832    .02627    .02442    .02274    .02122    .01985    .01859    .01745
 10.................................................    .03499    .03237    .03001    .02788    .02595    .02420    .02262    .02118    .01987    .01867
 11.................................................    .03700    .03428    .03183    .02961    .02760    .02578    .02413    .02262    .02125    .02000
 12.................................................    .03913    .03632    .03377    .03146    .02937    .02748    .02575    .02418    .02275    .02144
 13.................................................    .04135    .03843    .03579    .03339    .03122    .02924    .02744    .02580    .02431    .02294
 14.................................................    .04359    .04057    .03783    .03534    .03308    .03102    .02915    .02744    .02587    .02444
 15.................................................    .04584    .04270    .03986    .03728    .03493    .03279    .03083    .02905    .02742    .02593
 16.................................................    .04806    .04482    .04187    .03919    .03674    .03452    .03248    .03063    .02892    .02736
 17.................................................    .05029    .04692    .04387    .04108    .03855    .03623    .03411    .03218    .03040    .02877
 18.................................................    .05253    .04905    .04588    .04299    .04036    .03795    .03574    .03373    .03187    .03017
 19.................................................    .05484    .05124    .04796    .04496    .04222    .03972    .03742    .03532    .03339    .03161
 20.................................................    .05726    .05354    .05013    .04702    .04418    .04158    .03919    .03700    .03498    .03313
 21.................................................    .05980    .05595    .05242    .04920    .04625    .04354    .04105    .03877    .03667    .03473
 22.................................................    .06246    .05847    .05482    .05147    .04841    .04559    .04301    .04063    .03844    .03642
 23.................................................    .06524    .06112    .05734    .05387    .05069    .04777    .04508    .04260    .04032    .03821
 24.................................................    .06819    .06392    .06001    .05642    .05312    .05008    .04728    .04470    .04232    .04012
 25.................................................    .07131    .06690    .06285    .05913    .05570    .05255    .04964    .04695    .04447    .04218
 26.................................................    .07460    .07005    .06586    .06200    .05845    .05518    .05215    .04936    .04677    .04438
 27.................................................    .07810    .07340    .06907    .06508    .06140    .05800    .05485    .05195    .04925    .04676
 28.................................................    .08179    .07693    .07246    .06833    .06451    .06098    .05772    .05469    .05189    .04929
 29.................................................    .08566    .08065    .07603    .07176    .06780    .06414    .06075    .05761    .05469    .05198
 30.................................................    .08973    .08456    .07978    .07536    .07127    .06748    .06396    .06069    .05766    .05483
 31.................................................    .09398    .08865    .08372    .07915    .07491    .07098    .06733    .06394    .06078    .05785
 32.................................................    .09843    .09294    .08785    .08313    .07875    .07468    .07089    .06737    .06409    .06103
 33.................................................    .10310    .09745    .09220    .08732    .08279    .07858    .07466    .07100    .06759    .06441
 34.................................................    .10799    .10217    .09676    .09173    .08705    .08269    .07862    .07483    .07129    .06798
 35.................................................    .11314    .10715    .10157    .09638    .09155    .08704    .08283    .07890    .07522    .07179
 36.................................................    .11852    .11236    .10662    .10127    .09628    .09162    .08726    .08319    .07938    .07581
 37.................................................    .12416    .11783    .11193    .10641    .10126    .09645    .09194    .08772    .08377    .08006
 38.................................................    .13009    .12359    .11751    .11183    .10652    .10155    .09689    .09253    .08843    .08459
 39.................................................    .13629    .12962    .12338    .11753    .11206    .10693    .10212    .09761    .09337    .08938
 40.................................................    .14281    .13597    .12955    .12355    .11791    .11262    .10766    .10299    .09860    .09447
 41.................................................    .14966    .14264    .13606    .12989    .12409    .11864    .11352    .10870    .10417    .09989
 42.................................................    .15685    .14966    .14291    .13657    .13061    .12500    .11972    .11475    .11006    .10564
 43.................................................    .16437    .15702    .15010    .14360    .13747    .13171    .12627    .12115    .11631    .11174
 44.................................................    .17224    .16472    .15764    .15098    .14469    .13876    .13317    .12789    .12290    .11819
 45.................................................    .18042    .17274    .16550    .15867    .15223    .14615    .14040    .13496    .12982    .12496
 46.................................................    .18893    .18110    .17370    .16671    .16011    .15387    .14796    .14238    .13708    .13207
 47.................................................    .19775    .18975    .18220    .17505    .16830    .16190    .15584    .15010    .14466    .13950
 48.................................................    .20688    .19873    .19102    .18373    .17682    .17027    .16406    .15817    .15258    .14727
 49.................................................    .21633    .20804    .20018    .19274    .18568    .17898    .17262    .16658    .16084    .15539
 50.................................................    .22612    .21769    .20969    .20210    .19490    .18805    .18155    .17536    .16948    .16388
 51.................................................    .23625    .22769    .21955    .21182    .20448    .19749    .19084    .18452    .17849    .17275
 52.................................................    .24669    .23799    .22973    .22186    .21438    .20726    .20047    .19400    .18784    .18196
 53.................................................    .25742    .24861    .24022    .23222    .22461    .21735    .21043    .20383    .19753    .19151
 54.................................................    .26845    .25952    .25101    .24290    .23516    .22777    .22072    .21399    .20756    .20140
 55.................................................    .27978    .27074    .26212    .25389    .24604    .23853    .23136    .22450    .21793    .21166
 56.................................................    .29140    .28227    .27355    .26522    .25725    .24963    .24233    .23535    .22867    .22227
 57.................................................    .30333    .29411    .28529    .27686    .26879    .26106    .25365    .24656    .23976    .23324
 58.................................................    .31551    .30621    .29731    .28878    .28061    .27278    .26528    .25807    .25116    .24453
 59.................................................    .32790    .31854    .30956    .30095    .29269    .28477    .27716    .26986    .26284    .25610
 60.................................................    .34050    .33107    .32202    .31334    .30500    .29699    .28929    .28190    .27478    .26794
 61.................................................    .35331    .34384    .33473    .32598    .31757    .30948    .30170    .29422    .28701    .28007
 62.................................................    .36639    .35688    .34772    .33892    .33044    .32229    .31443    .30687    .29958    .29255
 63.................................................    .37974    .37020    .36101    .35216    .34363    .33542    .32750    .31986    .31250    .30539
 64.................................................    .39334    .38378    .37456    .36568    .35711    .34884    .34087    .33317    .32574    .31857

[[Page 23217]]

 
 65.................................................    .40718    .39761    .38838    .37947    .37087    .36257    .35455    .34681    .33932    .33208
 66.................................................    .42128    .41172    .40249    .39357    .38496    .37663    .36858    .36079    .35326    .34597
 67.................................................    .43569    .42616    .41694    .40803    .39941    .39107    .38299    .37518    .36761    .36028
 68.................................................    .45038    .44089    .43170    .42281    .41419    .40585    .39777    .38994    .38235    .37499
 69.................................................    .46531    .45587    .44672    .43786    .42927    .42094    .41286    .40503    .39743    .39006
 70.................................................    .48040    .47103    .46194    .45312    .44456    .43626    .42820    .42038    .41278    .40540
 71.................................................    .49558    .48629    .47727    .46851    .46000    .45174    .44371    .43591    .42832    .42095
 72.................................................    .51082    .50162    .49268    .48399    .47554    .46733    .45934    .45157    .44401    .43666
 73.................................................    .52607    .51697    .50813    .49952    .49114    .48299    .47506    .46733    .45981    .45249
 74.................................................    .54139    .53241    .52367    .51515    .50686    .49879    .49092    .48325    .47578    .46849
 75.................................................    .55683    .54798    .53936    .53095    .52276    .51477    .50698    .49938    .49197    .48474
 76.................................................    .57243    .56373    .55524    .54696    .53888    .53100    .52330    .51579    .50846    .50130
 77.................................................    .58819    .57965    .57132    .56318    .55523    .54747    .53988    .53247    .52523    .51815
 78.................................................    .60408    .59572    .58755    .57957    .57177    .56414    .55668    .54939    .54225    .53527
 79.................................................    .62001    .61184    .60385    .59604    .58840    .58092    .57360    .56644    .55943    .55256
 80.................................................    .63582    .62786    .62007    .61244    .60497    .59765    .59048    .58347    .57659    .56985
 81.................................................    .65142    .64367    .63608    .62864    .62135    .61421    .60721    .60034    .59361    .58701
 82.................................................    .66673    .65920    .65182    .64458    .63748    .63052    .62368    .61698    .61041    .60395
 83.................................................    .68175    .67444    .66728    .66024    .65334    .64656    .63991    .63338    .62696    .62066
 84.................................................    .69657    .68950    .68256    .67574    .66904    .66246    .65599    .64964    .64340    .63727
 85.................................................    .71128    .70446    .69775    .69116    .68467    .67830    .67204    .66587    .65982    .65386
 86.................................................    .72576    .71919    .71272    .70636    .70010    .69394    .68789    .68193    .67606    .67029
 87.................................................    .73981    .73349    .72726    .72114    .71511    .70917    .70333    .69757    .69190    .68632
 88.................................................    .75342    .74735    .74137    .73548    .72968    .72396    .71833    .71279    .70732    .70194
 89.................................................    .76658    .76076    .75503    .74938    .74381    .73832    .73290    .72757    .72231    .71712
 90.................................................    .77928    .77371    .76823    .76281    .75748    .75221    .74702    .74190    .73684    .73186
 91.................................................    .79131    .78600    .78075    .77557    .77046    .76542    .76044    .75553    .75068    .74589
 92.................................................    .80246    .79737    .79235    .78740    .78250    .77767    .77290    .76818    .76353    .75893
 93.................................................    .81274    .80788    .80307    .79832    .79363    .78899    .78441    .77989    .77542    .77100
 94.................................................    .82232    .81766    .81306    .80850    .80401    .79956    .79517    .79082    .78653    .78228
 95.................................................    .83141    .82695    .82254    .81818    .81387    .80961    .80539    .80122    .79710    .79302
 96.................................................    .83996    .83569    .83147    .82729    .82316    .81907    .81503    .81103    .80707    .80315
 97.................................................    .84787    .84378    .83973    .83573    .83176    .82784    .82396    .82012    .81632    .81255
 98.................................................    .85530    .85138    .84750    .84366    .83985    .83609    .83236    .82867    .82502    .82140
 99.................................................    .86255    .85880    .85508    .85140    .84776    .84415    .84057    .83703    .83353    .83005
100.................................................    .86960    .86601    .86246    .85894    .85546    .85200    .84858    .84519    .84183    .83849
101.................................................    .87655    .87313    .86974    .86638    .86305    .85975    .85648    .85324    .85003    .84684
102.................................................    .88338    .88012    .87689    .87369    .87052    .86738    .86426    .86116    .85809    .85505
103.................................................    .89015    .88706    .88399    .88095    .87793    .87494    .87197    .86903    .86611    .86321
104.................................................    .89737    .89446    .89157    .88871    .88586    .88304    .88024    .87745    .87469    .87195
105.................................................    .90443    .90170    .89898    .89628    .89360    .89094    .88830    .88568    .88307    .88049
106.................................................    .91351    .91101    .90852    .90605    .90359    .90115    .89873    .89632    .89392    .89154
107.................................................    .92452    .92230    .92010    .91791    .91573    .91356    .91141    .90927    .90714    .90502
108.................................................    .94161    .93987    .93814    .93641    .93469    .93298    .93128    .92958    .92790    .92622
109.................................................    .97081    .96992    .96904    .96816    .96729    .96642    .96555    .96468    .96382    .96296


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            8.2%      8.4%      8.6%      8.8%      9.0%      9.2%      9.4%      9.6%      9.8%      10.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01906    .01845    .01790    .01740    .01694    .01652    .01613    .01578    .01546    .01516
  1.................................................    .01098    .01034    .00977    .00924    .00876    .00833    .00793    .00756    .00722    .00691
  2.................................................    .01113    .01046    .00986    .00930    .00880    .00834    .00791    .00753    .00717    .00684
  3.................................................    .01155    .01084    .01020    .00962    .00909    .00860    .00816    .00775    .00737    .00702
  4.................................................    .01211    .01137    .01069    .01008    .00952    .00900    .00853    .00810    .00770    .00733
  5.................................................    .01279    .01201    .01130    .01065    .01006    .00952    .00902    .00856    .00814    .00775
  6.................................................    .01356    .01274    .01199    .01131    .01068    .01011    .00959    .00910    .00865    .00824
  7.................................................    .01442    .01356    .01277    .01205    .01140    .01079    .01023    .00972    .00925    .00881
  8.................................................    .01536    .01446    .01363    .01287    .01218    .01154    .01096    .01041    .00991    .00945
  9.................................................    .01641    .01546    .01460    .01380    .01307    .01240    .01178    .01120    .01068    .01019
 10.................................................    .01758    .01659    .01567    .01484    .01407    .01336    .01270    .01210    .01154    .01103
 11.................................................    .01886    .01781    .01686    .01598    .01517    .01442    .01373    .01310    .01251    .01196
 12.................................................    .02024    .01915    .01814    .01721    .01636    .01558    .01485    .01419    .01357    .01299
 13.................................................    .02168    .02054    .01948    .01851    .01762    .01679    .01603    .01533    .01467    .01407
 14.................................................    .02313    .02193    .02083    .01981    .01887    .01801    .01721    .01646    .01578    .01514
 15.................................................    .02456    .02330    .02214    .02107    .02009    .01918    .01834    .01756    .01684    .01617
 16.................................................    .02593    .02462    .02340    .02229    .02126    .02030    .01942    .01860    .01785    .01714
 17.................................................    .02728    .02590    .02463    .02346    .02238    .02138    .02046    .01960    .01880    .01806
 18.................................................    .02861    .02717    .02584    .02462    .02348    .02243    .02146    .02056    .01972    .01894
 19.................................................    .02998    .02847    .02708    .02580    .02461    .02351    .02249    .02154    .02066    .01984
 20.................................................    .03142    .02984    .02839    .02704    .02580    .02465    .02357    .02258    .02165    .02079
 21.................................................    .03295    .03130    .02978    .02837    .02706    .02585    .02473    .02368    .02271    .02180
 22.................................................    .03455    .03283    .03124    .02976    .02839    .02712    .02594    .02484    .02382    .02286
 23.................................................    .03626    .03446    .03279    .03124    .02981    .02847    .02723    .02608    .02500    .02400
 24.................................................    .03809    .03620    .03446    .03283    .03133    .02993    .02863    .02741    .02628    .02522
 25.................................................    .04005    .03808    .03625    .03456    .03298    .03151    .03014    .02887    .02768    .02656

[[Page 23218]]

 
 26.................................................    .04216    .04010    .03819    .03641    .03476    .03322    .03178    .03044    .02919    .02802
 27.................................................    .04444    .04229    .04029    .03843    .03670    .03508    .03357    .03217    .03085    .02962
 28.................................................    .04687    .04463    .04254    .04059    .03877    .03708    .03550    .03402    .03263    .03133
 29.................................................    .04946    .04712    .04493    .04289    .04099    .03922    .03756    .03600    .03455    .03318
 30.................................................    .05221    .04976    .04748    .04534    .04335    .04149    .03975    .03812    .03659    .03515
 31.................................................    .05511    .05255    .05017    .04794    .04585    .04390    .04208    .04037    .03876    .03725
 32.................................................    .05818    .05551    .05302    .05069    .04851    .04647    .04455    .04276    .04107    .03948
 33.................................................    .06144    .05866    .05606    .05363    .05135    .04921    .04720    .04532    .04355    .04188
 34.................................................    .06489    .06200    .05928    .05674    .05436    .05212    .05002    .04805    .04619    .04444
 35.................................................    .06857    .06555    .06273    .06007    .05758    .05524    .05304    .05097    .04902    .04718
 36.................................................    .07246    .06932    .06638    .06361    .06101    .05856    .05626    .05409    .05205    .05012
 37.................................................    .07659    .07332    .07025    .06737    .06466    .06210    .05969    .05742    .05528    .05325
 38.................................................    .08098    .07758    .07439    .07138    .06855    .06588    .06336    .06099    .05874    .05662
 39.................................................    .08563    .08210    .07878    .07565    .07270    .06992    .06729    .06480    .06245    .06023
 40.................................................    .09059    .08692    .08347    .08021    .07714    .07423    .07149    .06889    .06643    .06411
 41.................................................    .09586    .09206    .08848    .08509    .08189    .07886    .07600    .07329    .07072    .06828
 42.................................................    .10147    .09753    .09381    .09029    .08696    .08381    .08083    .07800    .07531    .07277
 43.................................................    .10742    .10334    .09948    .09583    .09237    .08909    .08598    .08304    .08024    .07758
 44.................................................    .11373    .10950    .10551    .10172    .09813    .09472    .09148    .08841    .08549    .08272
 45.................................................    .12035    .11599    .11185    .10792    .10420    .10066    .09730    .09410    .09106    .08817
 46.................................................    .12732    .12281    .11853    .11447    .11061    .10694    .10345    .10013    .09696    .09395
 47.................................................    .13460    .12995    .12553    .12133    .11733    .11353    .10991    .10646    .10317    .10004
 48.................................................    .14223    .13743    .13287    .12853    .12439    .12046    .11671    .11313    .10972    .10646
 49.................................................    .15020    .14526    .14056    .13608    .13181    .12774    .12385    .12015    .11661    .11322
 50.................................................    .15855    .15347    .14862    .14401    .13960    .13540    .13138    .12754    .12388    .12037
 51.................................................    .16727    .16205    .15707    .15232    .14777    .14344    .13929    .13532    .13153    .12789
 52.................................................    .17634    .17098    .16587    .16097    .15630    .15183    .14755    .14345    .13953    .13577
 53.................................................    .18576    .18027    .17501    .16999    .16518    .16057    .15616    .15194    .14789    .14400
 54.................................................    .19552    .18990    .18451    .17935    .17441    .16968    .16514    .16078    .15661    .15260
 55.................................................    .20564    .19989    .19437    .18908    .18402    .17915    .17449    .17001    .16571    .16157
 56.................................................    .21613    .21025    .20461    .19919    .19400    .18901    .18422    .17962    .17519    .17093
 57.................................................    .22698    .22098    .21522    .20968    .20436    .19925    .19434    .18961    .18507    .18069
 58.................................................    .23816    .23204    .22616    .22051    .21507    .20984    .20481    .19996    .19530    .19080
 59.................................................    .24962    .24339    .23740    .23163    .22608    .22073    .21558    .21062    .20584    .20123
 60.................................................    .26136    .25502    .24892    .24304    .23738    .23192    .22666    .22158    .21669    .21196
 61.................................................    .27339    .26695    .26075    .25477    .24900    .24343    .23806    .23288    .22787    .22304
 62.................................................    .28578    .27925    .27295    .26687    .26100    .25533    .24985    .24456    .23945    .23451
 63.................................................    .29854    .29192    .28553    .27935    .27339    .26762    .26205    .25666    .25145    .24641
 64.................................................    .31164    .30494    .29846    .29221    .28615    .28030    .27463    .26915    .26384    .25870
 65.................................................    .32508    .31831    .31177    .30543    .29930    .29336    .28761    .28203    .27663    .27140
 66.................................................    .33891    .33208    .32547    .31906    .31285    .30684    .30101    .29536    .28987    .28456
 67.................................................    .35318    .34630    .33963    .33316    .32689    .32081    .31491    .30918    .30363    .29823
 68.................................................    .36785    .36093    .35422    .34770    .34138    .33524    .32928    .32349    .31787    .31240
 69.................................................    .38290    .37595    .36920    .36265    .35628    .35009    .34408    .33824    .33256    .32703
 70.................................................    .39823    .39127    .38450    .37791    .37151    .36529    .35924    .35335    .34762    .34204
 71.................................................    .41378    .40681    .40003    .39343    .38701    .38076    .37467    .36875    .36298    .35736
 72.................................................    .42950    .42253    .41575    .40914    .40271    .39644    .39034    .38438    .37858    .37293
 73.................................................    .44535    .43840    .43162    .42502    .41858    .41231    .40619    .40022    .39440    .38872
 74.................................................    .46139    .45446    .44771    .44112    .43469    .42842    .42230    .41632    .41049    .40479
 75.................................................    .47769    .47080    .46408    .45752    .45111    .44485    .43874    .43277    .42693    .42123
 76.................................................    .49430    .48747    .48079    .47427    .46790    .46167    .45558    .44963    .44380    .43811
 77.................................................    .51123    .50447    .49786    .49139    .48506    .47888    .47282    .46690    .46111    .45543
 78.................................................    .52845    .52177    .51523    .50884    .50257    .49645    .49044    .48457    .47881    .47317
 79.................................................    .54584    .53926    .53282    .52650    .52032    .51426    .50833    .50251    .49681    .49122
 80.................................................    .56325    .55678    .55044    .54423    .53813    .53216    .52630    .52056    .51492    .50939
 81.................................................    .58054    .57419    .56797    .56186    .55587    .54999    .54422    .53856    .53300    .52754
 82.................................................    .59762    .59140    .58530    .57931    .57343    .56766    .56198    .55641    .55094    .54557
 83.................................................    .61448    .60840    .60243    .59657    .59081    .58515    .57958    .57411    .56874    .56346
 84.................................................    .63124    .62531    .61949    .61376    .60813    .60259    .59715    .59179    .58652    .58134
 85.................................................    .64800    .64224    .63657    .63099    .62550    .62010    .61478    .60955    .60441    .59934
 86.................................................    .66461    .65902    .65351    .64810    .64276    .63751    .63233    .62724    .62222    .61728
 87.................................................    .68083    .67541    .67008    .66483    .65965    .65455    .64953    .64458    .63970    .63489
 88.................................................    .69663    .69140    .68624    .68116    .67615    .67121    .66634    .66154    .65680    .65213
 89.................................................    .71201    .70696    .70199    .69708    .69224    .68747    .68276    .67811    .67353    .66900
 90.................................................    .72694    .72209    .71730    .71257    .70791    .70330    .69876    .69427    .68984    .68547
 91.................................................    .74117    .73650    .73190    .72735    .72286    .71842    .71404    .70972    .70545    .70123
 92.................................................    .75439    .74991    .74548    .74110    .73678    .73251    .72829    .72412    .72000    .71593
 93.................................................    .76664    .76233    .75806    .75385    .74969    .74557    .74150    .73748    .73350    .72957
 94.................................................    .77809    .77394    .76983    .76578    .76177    .75780    .75388    .75000    .74616    .74237
 95.................................................    .78899    .78500    .78106    .77715    .77329    .76947    .76569    .76195    .75826    .75460
 96.................................................    .79928    .79544    .79165    .78790    .78418    .78050    .77686    .77326    .76970    .76617
 97.................................................    .80883    .80514    .80149    .79787    .79430    .79075    .78725    .78377    .78033    .77693
 98.................................................    .81781    .81427    .81075    .80727    .80382    .80041    .79703    .79368    .79036    .78708
 99.................................................    .82661    .82320    .81982    .81648    .81316    .80988    .80662    .80340    .80020    .79704

[[Page 23219]]

 
100.................................................    .83519    .83192    .82868    .82547    .82228    .81913    .81600    .81290    .80982    .80678
101.................................................    .84368    .84055    .83744    .83437    .83131    .82829    .82529    .82231    .81936    .81643
102.................................................    .85203    .84904    .84607    .84313    .84021    .83731    .83444    .83159    .82876    .82596
103.................................................    .86034    .85748    .85465    .85184    .84906    .84629    .84355    .84082    .83812    .83544
104.................................................    .86923    .86653    .86385    .86119    .85855    .85593    .85333    .85074    .84818    .84563
105.................................................    .87792    .87537    .87283    .87032    .86782    .86534    .86287    .86042    .85799    .85557
106.................................................    .88918    .88683    .88450    .88218    .87987    .87758    .87530    .87304    .87079    .86855
107.................................................    .90291    .90082    .89873    .89666    .89460    .89255    .89051    .88849    .88647    .88447
108.................................................    .92455    .92288    .92123    .91958    .91794    .91630    .91468    .91306    .91145    .90984
109.................................................    .96211    .96125    .96041    .95956    .95872    .95788    .95704    .95620    .95537    .95455


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            10.2%     10.4%     10.6%     10.8%     11.0%     11.2%     11.4%     11.6%     11.8%     12.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01488    .01463    .01439    .01417    .01396    .01377    .01359    .01343    .01327    .01312
  1.................................................    .00662    .00636    .00612    .00589    .00568    .00548    .00530    .00513    .00497    .00482
  2.................................................    .00654    .00626    .00600    .00576    .00554    .00533    .00514    .00496    .00479    .00463
  3.................................................    .00670    .00641    .00613    .00588    .00564    .00542    .00522    .00502    .00484    .00468
  4.................................................    .00699    .00668    .00639    .00612    .00587    .00563    .00542    .00521    .00502    .00484
  5.................................................    .00739    .00706    .00675    .00646    .00620    .00595    .00571    .00550    .00529    .00510
  6.................................................    .00786    .00751    .00718    .00687    .00659    .00633    .00608    .00585    .00563    .00543
  7.................................................    .00841    .00803    .00769    .00736    .00706    .00678    .00652    .00627    .00604    .00582
  8.................................................    .00902    .00863    .00826    .00791    .00759    .00730    .00702    .00675    .00651    .00628
  9.................................................    .00973    .00931    .00892    .00856    .00822    .00790    .00760    .00733    .00706    .00682
 10.................................................    .01055    .01010    .00969    .00930    .00894    .00861    .00829    .00799    .00772    .00746
 11.................................................    .01146    .01099    .01055    .01014    .00976    .00940    .00907    .00875    .00846    .00818
 12.................................................    .01246    .01196    .01150    .01106    .01066    .01028    .00993    .00960    .00928    .00899
 13.................................................    .01351    .01298    .01249    .01204    .01161    .01121    .01084    .01049    .01016    .00985
 14.................................................    .01455    .01400    .01348    .01300    .01255    .01213    .01173    .01136    .01102    .01069
 15.................................................    .01555    .01497    .01443    .01392    .01345    .01300    .01259    .01220    .01183    .01148
 16.................................................    .01648    .01587    .01530    .01477    .01427    .01380    .01336    .01295    .01257    .01220
 17.................................................    .01737    .01673    .01612    .01556    .01504    .01455    .01408    .01365    .01324    .01286
 18.................................................    .01822    .01754    .01691    .01632    .01576    .01525    .01476    .01430    .01387    .01347
 19.................................................    .01908    .01837    .01770    .01708    .01650    .01595    .01544    .01495    .01450    .01407
 20.................................................    .01999    .01924    .01854    .01788    .01726    .01669    .01615    .01564    .01516    .01471
 21.................................................    .02096    .02017    .01943    .01874    .01809    .01748    .01691    .01637    .01586    .01539
 22.................................................    .02197    .02114    .02036    .01963    .01895    .01830    .01770    .01713    .01660    .01610
 23.................................................    .02306    .02218    .02136    .02059    .01987    .01919    .01855    .01795    .01739    .01686
 24.................................................    .02424    .02331    .02245    .02163    .02087    .02016    .01948    .01885    .01825    .01769
 25.................................................    .02552    .02455    .02364    .02278    .02197    .02122    .02051    .01984    .01920    .01861
 26.................................................    .02692    .02589    .02493    .02403    .02318    .02238    .02162    .02091    .02025    .01961
 27.................................................    .02846    .02738    .02636    .02541    .02451    .02367    .02287    .02212    .02141    .02074
 28.................................................    .03012    .02898    .02791    .02690    .02595    .02506    .02422    .02342    .02267    .02196
 29.................................................    .03190    .03070    .02957    .02851    .02751    .02656    .02567    .02483    .02404    .02329
 30.................................................    .03381    .03254    .03135    .03023    .02917    .02817    .02723    .02634    .02551    .02471
 31.................................................    .03583    .03450    .03324    .03206    .03094    .02989    .02890    .02796    .02707    .02623
 32.................................................    .03799    .03659    .03527    .03402    .03284    .03173    .03068    .02968    .02874    .02785
 33.................................................    .04031    .03883    .03744    .03612    .03488    .03371    .03260    .03155    .03055    .02961
 34.................................................    .04279    .04123    .03976    .03838    .03707    .03583    .03465    .03354    .03249    .03149
 35.................................................    .04545    .04382    .04227    .04081    .03943    .03812    .03688    .03571    .03459    .03354
 36.................................................    .04830    .04658    .04495    .04341    .04196    .04058    .03927    .03803    .03685    .03573
 37.................................................    .05134    .04953    .04782    .04620    .04467    .04321    .04183    .04052    .03928    .03809
 38.................................................    .05462    .05272    .05092    .04921    .04760    .04606    .04461    .04322    .04191    .04066
 39.................................................    .05812    .05613    .05424    .05245    .05075    .04913    .04760    .04614    .04475    .04343
 40.................................................    .06190    .05981    .05782    .05594    .05415    .05245    .05083    .04929    .04783    .04643
 41.................................................    .06597    .06378    .06170    .05972    .05784    .05605    .05435    .05272    .05118    .04970
 42.................................................    .07035    .06806    .06587    .06380    .06182    .05994    .05815    .05644    .05481    .05326
 43.................................................    .07505    .07265    .07036    .06818    .06611    .06414    .06225    .06045    .05874    .05710
 44.................................................    .08008    .07757    .07518    .07290    .07072    .06865    .06667    .06478    .06298    .06125
 45.................................................    .08542    .08279    .08029    .07791    .07563    .07346    .07138    .06940    .06750    .06569
 46.................................................    .09108    .08834    .08573    .08324    .08085    .07858    .07640    .07432    .07233    .07043
 47.................................................    .09705    .09419    .09147    .08886    .08637    .08399    .08172    .07954    .07745    .07545
 48.................................................    .10335    .10038    .09754    .09482    .09222    .08973    .08735    .08507    .08288    .08078
 49.................................................    .10999    .10690    .10394    .10111    .09840    .09581    .09332    .09093    .08864    .08644
 50.................................................    .11701    .11380    .11073    .10778    .10496    .10225    .09965    .09716    .09477    .09247
 51.................................................    .12441    .12108    .11789    .11482    .11189    .10907    .10636    .10376    .10126    .09886
 52.................................................    .13217    .12871    .12540    .12222    .11916    .11623    .11341    .11071    .10810    .10560
 53.................................................    .14028    .13670    .13327    .12997    .12680    .12375    .12082    .11801    .11529    .11268
 54.................................................    .14875    .14505    .14150    .13808    .13480    .13163    .12859    .12566    .12284    .12012
 55.................................................    .15760    .15378    .15011    .14657    .14317    .13989    .13674    .13370    .13077    .12794
 56.................................................    .16684    .16290    .15911    .15546    .15194    .14855    .14528    .14213    .13909    .13615
 57.................................................    .17648    .17242    .16851    .16474    .16111    .15760    .15422    .15096    .14781    .14477
 58.................................................    .18647    .18229    .17827    .17438    .17064    .16702    .16353    .16015    .15689    .15374
 59.................................................    .19678    .19249    .18835    .18435    .18049    .17676    .17316    .16968    .16631    .16305
 60.................................................    .20740    .20300    .19875    .19464    .19066    .18682    .18311    .17952    .17604    .17268

[[Page 23220]]

 
 61.................................................    .21837    .21385    .20949    .20527    .20119    .19724    .19341    .18971    .18613    .18266
 62.................................................    .22973    .22511    .22064    .21631    .21212    .20807    .20414    .20033    .19664    .19306
 63.................................................    .24152    .23680    .23222    .22779    .22350    .21934    .21530    .21139    .20760    .20392
 64.................................................    .25372    .24890    .24422    .23969    .23529    .23103    .22690    .22289    .21899    .21521
 65.................................................    .26633    .26141    .25664    .25201    .24752    .24316    .23893    .23482    .23083    .22695
 66.................................................    .27940    .27439    .26953    .26481    .26023    .25577    .25145    .24724    .24316    .23918
 67.................................................    .29299    .28790    .28296    .27815    .27348    .26894    .26453    .26024    .25606    .25200
 68.................................................    .30709    .30193    .29691    .29202    .28728    .28265    .27816    .27378    .26952    .26537
 69.................................................    .32166    .31643    .31134    .30639    .30157    .29687    .29230    .28785    .28351    .27928
 70.................................................    .33661    .33133    .32618    .32116    .31628    .31152    .30688    .30235    .29794    .29364
 71.................................................    .35188    .34654    .34134    .33627    .33133    .32651    .32181    .31722    .31275    .30838
 72.................................................    .36742    .36204    .35679    .35168    .34668    .34181    .33706    .33241    .32788    .32345
 73.................................................    .38317    .37776    .37248    .36733    .36229    .35738    .35257    .34788    .34330    .33882
 74.................................................    .39923    .39380    .38849    .38330    .37823    .37328    .36844    .36370    .35908    .35455
 75.................................................    .41566    .41021    .40489    .39968    .39459    .38961    .38474    .37997    .37531    .37074
 76.................................................    .43254    .42709    .42176    .41655    .41144    .40645    .40156    .39677    .39208    .38749
 77.................................................    .44988    .44444    .43912    .43391    .42880    .42380    .41891    .41411    .40940    .40479
 78.................................................    .46765    .46224    .45694    .45174    .44665    .44166    .43677    .43197    .42726    .42265
 79.................................................    .48574    .48037    .47510    .46993    .46487    .45990    .45502    .45024    .44554    .44094
 80.................................................    .50397    .49865    .49343    .48830    .48327    .47834    .47349    .46873    .46406    .45947
 81.................................................    .52219    .51693    .51176    .50669    .50171    .49682    .49201    .48729    .48265    .47809
 82.................................................    .54029    .53510    .53000    .52499    .52007    .51523    .51047    .50580    .50120    .49667
 83.................................................    .55826    .55315    .54813    .54319    .53834    .53356    .52886    .52424    .51969    .51522
 84.................................................    .57624    .57123    .56629    .56144    .55666    .55195    .54732    .54277    .53828    .53386
 85.................................................    .59435    .58944    .58460    .57984    .57516    .57054    .56599    .56151    .55710    .55275
 86.................................................    .61241    .60762    .60289    .59824    .59365    .58913    .58468    .58029    .57596    .57170
 87.................................................    .63015    .62548    .62087    .61633    .61185    .60744    .60309    .59880    .59456    .59039
 88.................................................    .64753    .64299    .63851    .63409    .62973    .62543    .62118    .61700    .61287    .60879
 89.................................................    .66454    .66013    .65579    .65150    .64726    .64308    .63895    .63488    .63086    .62689
 90.................................................    .68115    .67689    .67268    .66853    .66442    .66037    .65637    .65241    .64851    .64465
 91.................................................    .69706    .69294    .68887    .68486    .68089    .67696    .67309    .66925    .66547    .66173
 92.................................................    .71190    .70792    .70399    .70011    .69627    .69247    .68872    .68501    .68134    .67771
 93.................................................    .72569    .72184    .71804    .71429    .71057    .70689    .70326    .69967    .69611    .69259
 94.................................................    .73861    .73490    .73123    .72759    .72400    .72044    .71692    .71344    .71000    .70659
 95.................................................    .75097    .74739    .74384    .74033    .73686    .73342    .73002    .72665    .72331    .72001
 96.................................................    .76267    .75922    .75579    .75240    .74905    .74572    .74243    .73917    .73595    .73275
 97.................................................    .77356    .77022    .76691    .76363    .76039    .75718    .75399    .75084    .74772    .74463
 98.................................................    .78382    .78059    .77740    .77423    .77110    .76799    .76491    .76186    .75884    .75584
 99.................................................    .79390    .79079    .78771    .78465    .78162    .77862    .77565    .77270    .76978    .76688
100.................................................    .80376    .80076    .79779    .79485    .79193    .78904    .78617    .78333    .78051    .77771
101.................................................    .81353    .81066    .80780    .80497    .80217    .79938    .79662    .79388    .79117    .78847
102.................................................    .82318    .82042    .81768    .81496    .81227    .80960    .80694    .80431    .80170    .79911
103.................................................    .83278    .83014    .82752    .82491    .82233    .81977    .81723    .81470    .81220    .80971
104.................................................    .84310    .84059    .83810    .83563    .83317    .83073    .82831    .82591    .82352    .82115
105.................................................    .85318    .85079    .84843    .84607    .84374    .84142    .83911    .83682    .83455    .83229
106.................................................    .86633    .86413    .86193    .85975    .85758    .85543    .85329    .85116    .84904    .84694
107.................................................    .88247    .88049    .87852    .87656    .87460    .87266    .87073    .86881    .86690    .86500
108.................................................    .90825    .90666    .90507    .90350    .90193    .90037    .89881    .89727    .89572    .89419
109.................................................    .95372    .95290    .95208    .95126    .95045    .94964    .94883    .94803    .94723    .94643


--------------------------------------------------------------------------------------------------------------------------------------------------------
                         Age                            12.2%     12.4%     12.6%     12.8%     13.0%     13.2%     13.4%     13.6%     13.8%     14.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
  0.................................................    .01298    .01285    .01273    .01261    .01250    .01240    .01230    .01221    .01212    .01203
  1.................................................    .00468    .00455    .00443    .00431    .00420    .00410    .00400    .00391    .00382    .00374
  2.................................................    .00448    .00435    .00421    .00409    .00398    .00387    .00376    .00366    .00357    .00348
  3.................................................    .00452    .00437    .00423    .00410    .00398    .00386    .00375    .00365    .00355    .00345
  4.................................................    .00468    .00452    .00437    .00423    .00410    .00397    .00386    .00375    .00364    .00354
  5.................................................    .00493    .00476    .00460    .00445    .00431    .00418    .00405    .00393    .00382    .00371
  6.................................................    .00524    .00506    .00489    .00473    .00458    .00444    .00430    .00418    .00406    .00394
  7.................................................    .00562    .00543    .00525    .00508    .00492    .00477    .00462    .00449    .00436    .00423
  8.................................................    .00606    .00586    .00566    .00548    .00531    .00515    .00499    .00485    .00471    .00458
  9.................................................    .00659    .00637    .00616    .00597    .00579    .00561    .00545    .00529    .00514    .00500
 10.................................................    .00721    .00698    .00676    .00655    .00636    .00617    .00600    .00583    .00567    .00552
 11.................................................    .00792    .00767    .00744    .00722    .00701    .00682    .00663    .00645    .00628    .00612
 12.................................................    .00871    .00845    .00821    .00797    .00775    .00754    .00735    .00716    .00698    .00681
 13.................................................    .00955    .00928    .00902    .00877    .00854    .00831    .00810    .00790    .00771    .00753
 14.................................................    .01038    .01009    .00981    .00955    .00930    .00907    .00885    .00864    .00843    .00824
 15.................................................    .01116    .01085    .01056    .01028    .01002    .00977    .00954    .00932    .00910    .00890
 16.................................................    .01186    .01153    .01123    .01094    .01066    .01040    .01015    .00992    .00969    .00948
 17.................................................    .01250    .01215    .01183    .01152    .01124    .01096    .01070    .01045    .01022    .00999
 18.................................................    .01308    .01272    .01238    .01206    .01175    .01147    .01119    .01093    .01068    .01044
 19.................................................    .01367    .01329    .01293    .01259    .01227    .01196    .01167    .01140    .01113    .01088
 20.................................................    .01428    .01388    .01350    .01314    .01280    .01248    .01217    .01188    .01161    .01134
 21.................................................    .01494    .01451    .01411    .01373    .01337    .01303    .01271    .01240    .01211    .01183

[[Page 23221]]

 
 22.................................................    .01562    .01517    .01475    .01435    .01397    .01361    .01326    .01294    .01263    .01233
 23.................................................    .01635    .01588    .01543    .01501    .01460    .01422    .01386    .01351    .01319    .01287
 24.................................................    .01716    .01665    .01618    .01573    .01530    .01489    .01451    .01415    .01380    .01347
 25.................................................    .01804    .01751    .01701    .01653    .01608    .01565    .01524    .01485    .01448    .01413
 26.................................................    .01902    .01845    .01792    .01741    .01693    .01648    .01604    .01563    .01524    .01487
 27.................................................    .02011    .01951    .01895    .01841    .01790    .01742    .01696    .01652    .01610    .01571
 28.................................................    .02129    .02066    .02006    .01949    .01895    .01844    .01795    .01748    .01704    .01662
 29.................................................    .02258    .02191    .02127    .02067    .02009    .01955    .01903    .01853    .01806    .01762
 30.................................................    .02396    .02325    .02257    .02193    .02132    .02074    .02019    .01966    .01916    .01869
 31.................................................    .02543    .02467    .02396    .02328    .02263    .02201    .02143    .02087    .02034    .01983
 32.................................................    .02701    .02621    .02545    .02472    .02404    .02338    .02276    .02217    .02160    .02106
 33.................................................    .02871    .02786    .02706    .02629    .02556    .02487    .02420    .02357    .02297    .02240
 34.................................................    .03054    .02964    .02879    .02797    .02720    .02646    .02576    .02509    .02445    .02383
 35.................................................    .03253    .03158    .03067    .02981    .02898    .02820    .02745    .02674    .02606    .02541
 36.................................................    .03467    .03366    .03269    .03178    .03090    .03007    .02928    .02852    .02779    .02710
 37.................................................    .03697    .03590    .03488    .03391    .03298    .03209    .03125    .03044    .02967    .02893
 38.................................................    .03947    .03833    .03725    .03622    .03524    .03430    .03340    .03254    .03172    .03094
 39.................................................    .04217    .04096    .03982    .03873    .03768    .03669    .03573    .03482    .03395    .03312
 40.................................................    .04510    .04383    .04262    .04146    .04035    .03930    .03828    .03732    .03639    .03550
 41.................................................    .04830    .04695    .04567    .04445    .04327    .04215    .04108    .04005    .03907    .03812
 42.................................................    .05177    .05035    .04900    .04770    .04646    .04527    .04413    .04304    .04200    .04100
 43.................................................    .05553    .05404    .05261    .05123    .04992    .04866    .04746    .04630    .04520    .04413
 44.................................................    .05960    .05802    .05651    .05506    .05368    .05235    .05107    .04985    .04867    .04754
 45.................................................    .06395    .06229    .06069    .05917    .05770    .05630    .05495    .05365    .05241    .05121
 46.................................................    .06860    .06685    .06517    .06356    .06202    .06053    .05911    .05774    .05643    .05516
 47.................................................    .07353    .07169    .06992    .06823    .06660    .06504    .06353    .06209    .06070    .05936
 48.................................................    .07877    .07684    .07498    .07320    .07149    .06984    .06826    .06673    .06527    .06385
 49.................................................    .08433    .08231    .08036    .07849    .07669    .07495    .07329    .07168    .07013    .06864
 50.................................................    .09026    .08814    .08609    .08413    .08224    .08042    .07867    .07698    .07535    .07378
 51.................................................    .09655    .09433    .09219    .09013    .08815    .08624    .08440    .08262    .08091    .07926
 52.................................................    .10318    .10086    .09863    .09647    .09439    .09239    .09046    .08860    .08680    .08506
 53.................................................    .11017    .10774    .10541    .10315    .10098    .09888    .09686    .09491    .09302    .09120
 54.................................................    .11750    .11498    .11254    .11019    .10792    .10572    .10361    .10156    .09958    .09767
 55.................................................    .12522    .12258    .12005    .11759    .11522    .11294    .11072    .10859    .10652    .10451
 56.................................................    .13332    .13059    .12794    .12539    .12292    .12054    .11823    .11599    .11383    .11174
 57.................................................    .14183    .13899    .13624    .13359    .13102    .12853    .12613    .12380    .12154    .11936
 58.................................................    .15070    .14775    .14490    .14215    .13948    .13689    .13439    .13197    .12962    .12734
 59.................................................    .15990    .15685    .15389    .15103    .14826    .14558    .14298    .14046    .13801    .13564
 60.................................................    .16942    .16626    .16321    .16024    .15737    .15459    .15189    .14927    .14673    .14426
 61.................................................    .17929    .17603    .17287    .16981    .16684    .16395    .16115    .15844    .15580    .15324
 62.................................................    .18960    .18623    .18297    .17980    .17673    .17375    .17085    .16803    .16530    .16264
 63.................................................    .20035    .19688    .19352    .19025    .18708    .18400    .18100    .17809    .17525    .17250
 64.................................................    .21154    .20797    .20451    .20114    .19787    .19469    .19159    .18859    .18566    .18281
 65.................................................    .22318    .21951    .21595    .21249    .20912    .20584    .20265    .19955    .19652    .19358
 66.................................................    .23532    .23156    .22790    .22434    .22088    .21751    .21422    .21102    .20791    .20487
 67.................................................    .24804    .24419    .24044    .23679    .23324    .22977    .22640    .22311    .21990    .21678
 68.................................................    .26133    .25740    .25356    .24983    .24618    .24263    .23917    .23579    .23250    .22929
 69.................................................    .27516    .27114    .26723    .26341    .25969    .25605    .25251    .24905    .24567    .24237
 70.................................................    .28945    .28536    .28137    .27747    .27367    .26996    .26633    .26279    .25934    .25596
 71.................................................    .30412    .29996    .29590    .29193    .28806    .28427    .28057    .27696    .27343    .26998
 72.................................................    .31913    .31491    .31078    .30675    .30281    .29895    .29519    .29150    .28790    .28438
 73.................................................    .33444    .33016    .32597    .32188    .31788    .31396    .31013    .30638    .30271    .29913
 74.................................................    .35012    .34579    .34155    .33741    .33335    .32938    .32549    .32168    .31795    .31430
 75.................................................    .36628    .36190    .35762    .35343    .34932    .34530    .34136    .33750    .33372    .33001
 76.................................................    .38299    .37858    .37427    .37004    .36589    .36183    .35784    .35394    .35011    .34636
 77.................................................    .40028    .39585    .39151    .38725    .38307    .37898    .37496    .37103    .36716    .36337
 78.................................................    .41812    .41368    .40933    .40506    .40086    .39675    .39271    .38874    .38485    .38103
 79.................................................    .43641    .43198    .42762    .42334    .41914    .41502    .41096    .40698    .40308    .39924
 80.................................................    .45496    .45054    .44619    .44192    .43772    .43360    .42954    .42556    .42164    .41779
 81.................................................    .47360    .46920    .46487    .46061    .45643    .45231    .44827    .44429    .44038    .43653
 82.................................................    .49223    .48785    .48355    .47932    .47516    .47106    .46703    .46307    .45916    .45532
 83.................................................    .51081    .50648    .50221    .49802    .49388    .48982    .48581    .48187    .47799    .47416
 84.................................................    .52951    .52523    .52101    .51686    .51277    .50874    .50477    .50086    .49701    .49321
 85.................................................    .54847    .54425    .54009    .53600    .53196    .52798    .52406    .52019    .51638    .51262
 86.................................................    .56749    .56335    .55926    .55523    .55126    .54734    .54348    .53966    .53591    .53220
 87.................................................    .58627    .58221    .57820    .57425    .57035    .56650    .56270    .55895    .55526    .55161
 88.................................................    .60477    .60079    .59688    .59301    .58919    .58542    .58170    .57802    .57439    .57081
 89.................................................    .62297    .61909    .61527    .61149    .60776    .60408    .60044    .59685    .59330    .58979
 90.................................................    .64084    .63707    .63335    .62968    .62604    .62246    .61891    .61540    .61194    .60851
 91.................................................    .65803    .65437    .65076    .64719    .64366    .64017    .63672    .63330    .62993    .62659
 92.................................................    .67412    .67058    .66707    .66360    .66017    .65678    .65342    .65010    .64682    .64357
 93.................................................    .68911    .68567    .68227    .67890    .67557    .67227    .66901    .66578    .66258    .65942
 94.................................................    .70321    .69988    .69657    .69330    .69006    .68686    .68369    .68055    .67744    .67437
 95.................................................    .71674    .71351    .71031    .70713    .70399    .70088    .69781    .69476    .69174    .68875

[[Page 23222]]

 
 96.................................................    .72959    .72646    .72335    .72028    .71724    .71422    .71123    .70828    .70534    .70244
 97.................................................    .74156    .73853    .73552    .73254    .72959    .72666    .72376    .72089    .71804    .71522
 98.................................................    .75287    .74993    .74702    .74413    .74126    .73842    .73561    .73282    .73006    .72732
 99.................................................    .76401    .76117    .75834    .75555    .75277    .75002    .74730    .74459    .74191    .73926
100.................................................    .77494    .77219    .76946    .76676    .76408    .76142    .75878    .75616    .75357    .75099
101.................................................    .78580    .78315    .78052    .77791    .77532    .77275    .77021    .76768    .76517    .76268
102.................................................    .79654    .79399    .79146    .78894    .78645    .78397    .78152    .77908    .77666    .77426
103.................................................    .80724    .80479    .80236    .79994    .79755    .79517    .79280    .79046    .78813    .78582
104.................................................    .81879    .81646    .81413    .81183    .80954    .80726    .80501    .80276    .80054    .79832
105.................................................    .83005    .82782    .82560    .82340    .82121    .81904    .81688    .81474    .81260    .81049
106.................................................    .84485    .84277    .84071    .83866    .83662    .83459    .83257    .83057    .82857    .82659
107.................................................    .86311    .86124    .85937    .85751    .85566    .85382    .85199    .85017    .84835    .84655
108.................................................    .89266    .89114    .88963    .88812    .88662    .88513    .88364    .88216    .88068    .87922
109.................................................    .94563    .94484    .94405    .94326    .94248    .94170    .94092    .94014    .93937    .93860
--------------------------------------------------------------------------------------------------------------------------------------------------------


                            Table 90 CM.--Life Table Applicable After April 30, 1999
----------------------------------------------------------------------------------------------------------------
              Age  x                  1( x )          Age  x            1( x )          Age  x           1( x )
(1)                                      (2)   (1)..................       (2)   (1)..................       (2)
----------------------------------------------------------------------------------------------------------------
  0...............................    100000    37..................     95969    74..................     62852
  1...............................     99064    38..................     95780    75..................     60449
  2...............................     98992    39..................     95581    76..................     57955
  3...............................     98944    40..................     95373    77..................     55373
  4...............................     98907    41..................     95156    78..................     52704
  5...............................     98877    42..................     94928    79..................     49943
  6...............................     98850    43..................     94687    80..................     47084
  7...............................     98826    44..................     94431    81..................     44129
  8...............................     98803    45..................     94154    82..................     41091
  9...............................     98783    46..................     93855    83..................     37994
 10...............................     98766    47..................     93528    84..................     34876
 11...............................     98750    48..................     93173    85..................     31770
 12...............................     98734    49..................     92787    86..................     28687
 13...............................     98713    50..................     92370    87..................     25638
 14...............................     98681    51..................     91918    88..................     22658
 15...............................     98635    52..................     91424    89..................     19783
 16...............................     98573    53..................     90885    90..................     17046
 17...............................     98497    54..................     90297    91..................     14466
 18...............................     98409    55..................     89658    92..................     12066
 19...............................     98314    56..................     88965    93..................      9884
 20...............................     98215    57..................     88214    94..................      7951
 21...............................     98113    58..................     87397    95..................      6282
 22...............................     98006    59..................     86506    96..................      4868
 23...............................     97896    60..................     85537    97..................      3694
 24...............................     97784    61..................     84490    98..................      2745
 25...............................     97671    62..................     83368    99..................      1999
 26...............................     97556    63..................     82169   100..................      1424
 27...............................     97441    64..................     80887   101..................       991
 28...............................     97322    65..................     79519   102..................       672
 29...............................     97199    66..................     78066   103..................       443
 30...............................     97070    67..................     76531   104..................       284
 31...............................     96934    68..................     74907   105..................       175
 32...............................     96791    69..................     73186   106..................       105
 33...............................     96642    70..................     71357   107..................        60
 34...............................     96485    71..................     69411   108..................        33
 35...............................     96322    72..................     67344   109..................        17
 36...............................     96150    73..................     65154   110..................         0
----------------------------------------------------------------------------------------------------------------

    (e) Effective dates. This section applies after April 30, 1999.
    Par. 20 Section 20.2055-2 is amended by revising paragraph (f)(4) 
to read as follows:


Sec. 20.2055-2  Transfers not exclusively for charitable purposes.

* * * * *
    (f) * * *
    (4) Other decedents. The present value of an interest not described 
in paragraph (f)(2) of this section is to be determined under 
Sec. 20.2031-7T(d) in the case of decedents where the valuation date of 
the gross estate is after April 30, 1999, or under Sec. 20.2031-7A in 
the case of decedents where the valuation date of the gross estate is 
before May 1, 1999.
* * * * *
    Par. 21. Section 20.7520-1 is amended as follows:
    1. Paragraph (b)(2), last two sentences are revised.
    2. Headings for paragraphs (c)(1) and (c)(2) are revised.
    3. Paragraph (c)(2) introductory text is revised.

[[Page 23223]]

    4. Paragraph (c)(2)(iii) is amended by removing the first two 
sentences and adding one sentence in their place.
    5. Paragraph (d) is revised.
    The revised and added provisions read as follows:


Sec. 20.7520-1  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests.

* * * * *
    (b) * * *
    (2) * * * For decedents' estates with valuation dates after April 
30, 1989, and before May 1, 1999, the mortality component table (Table 
80CNSMT) is included in Sec. 20.2031-7A(e)(4). See Sec. 20.2031-7A(a) 
through (d) for mortality component tables applicable to decedents' 
estates with valuation dates before May 1, 1989.
    (c) * * *
    (1) Regulations sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1989, 
and before May 1, 1999. * * *
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2. and 26 percent for valuation dates after 
April 30, 1989, and before May 1, 1999. The following publications are 
no longer available from the Superintendent of Documents, however, they 
may be obtained from: CC:DOM:CORP:R, room 5226, Internal Revenue 
Service, POB 7604, Ben Franklin Station, Washington, DC 20044:
* * * * *
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Gamma Volume,'' (8-89). * * *
    (d) Effective date. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 22. Section 20.7520-1T is added to read as follows:


Sec. 20.7520-1T  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests 
(temporary).

    (a)(1) [Reserved]. For further guidance, see Sec. 20.7520-1(a)1.
    (2) In the case of a transfer to a pooled income fund with a 
valuation date after April 30, 1999, see Sec. 1.642(c)-6T(e) (or, for 
certain prior periods, Sec. 1.642(c)-6A) of this chapter (Income Tax 
Regulations) with respect to the valuation of the remainder interest.
    (a)(3) through (b)(1) [Reserved]. For further guidance, see 
Sec. 20.7520-1(a)(3) through (b)(1).
    (b)(2) Mortality component. The mortality component reflects the 
mortality data most recently available from the United States Census. 
As new mortality data becomes available after each decennial census, 
the mortality component described in this section will be revised 
periodically and the mortality component tables will be published in 
the regulations at that time. For decedents' estates with valuation 
dates after April 30, 1999, the mortality component table (Table 90CM) 
is included in Sec. 20.2031-7T(d)(7). See Sec. 20.2031-7A for mortality 
component tables applicable to decedent's estates with valuation dates 
before May 1, 1999.
    (c) [Reserved]. For further guidance, see Sec. 20.7520-1(c).
    (1) Regulation sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1999. 
Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for 
determining the present value of a single life remainder interest in a 
pooled income fund as defined in Sec. 1.642(c)-5 of this chapter. See 
Sec. 1.642(c)-6A of this chapter for actuarial factors for one life 
applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) 
of this chapter contains Table F (payout factors) and Table D 
(actuarial factors used in determining the present value of a remainder 
interest postponed for a term of years). Section 1.664-4T(e)(7) of this 
chapter contains Table U(1) (actuarial factors for one life). These 
tables are used in determining the present value of a remainder 
interest in a charitable remainder unitrust as defined in Sec. 1.664-3 
of this chapter. See Sec. 1.664-4A of this chapter for actuarial 
factors for one life applicable to valuation dates before May 1, 1999. 
Section 20.2031-7(d)(6) contains Table B (actuarial factors used in 
determining the present value of an interest for a term of years), 
Table K (annuity end-of-interval adjustment factors), and Table J (term 
certain annuity beginning-of-interval adjustment factors). Section 
20.2031-7T(d)(7) contains Table S (actuarial factors for one life) and 
Table 90CM (mortality components). These tables are used in determining 
the present value of annuities, life estates, remainders, and 
reversions. See Sec. 20.2031-7A for actuarial factors for one life and 
mortality components applicable to valuation dates before May 1, 1999.
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 26 percent for valuation dates after 
April 30, 1999. The following documents are available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402:
    (i) Internal Revenue Service Publication 1457, ``Actuarial Values, 
Book Aleph,'' (1999). This publication includes tables of valuation 
factors, as well as examples that show how to compute other valuation 
factors, for determining the present value of annuities, life estates, 
terms of years, remainders, and reversions, measured by one or two 
lives. These factors may also be used in the valuation of interests in 
a charitable remainder annuity trust as defined in Sec. 1.664-2 of this 
chapter (Income Tax Regulations) and a pooled income fund as defined in 
Sec. 1.642(c)-5 of this chapter.
    (ii) Internal Revenue Service Publication 1458, ``Actuarial Values, 
Book Beth,'' (1999). This publication includes term certain tables and 
tables of one and two life valuation factors for determining the 
present value of remainder interests in a charitable remainder unitrust 
as defined in Sec. 1.664-3 of this chapter.
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (1999). This publication includes tables for 
computing depreciation adjustment factors. See Sec. 1.170A-12T of this 
chapter.
    (d) Effective date. This section applies after April 30, 1999.

PART 25--GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

    Par. 23. The authority citation for part 25 is amended by adding 
entries in numerical order to read in part as follows:

    Authority: 26 U.S.C. 7805 * * *

    Section 25.2512-5T also issued under 26 U.S.C. 7520(c)(2). * * *
    Section 25.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

    Par. 24. Section 25.2512-0 is revised to read as follows:


Sec. 25.2512-0  Table of contents.

    This section lists the section headings that appear in the 
regulations under section 2512.

Sec. 25.2512-1  Valuation of property; in general.
Sec. 25.2512-2  Stocks and bonds.
Sec. 25.2512-3  Valuation of interest in businesses.
Sec. 25.2512-4  Valuation of notes.
Sec. 25.2512-5  Valuation of annuities, unitrust interests, 
interests for life or term of years, and remainder or reversionary 
interests.
Sec. 25.2512-5T  Valuation of annuities, unitrust interests, 
interests for life or term of years, and remainder or reversionary 
interests (temporary).
Sec. 25.2512-6  Valuation of certain life insurance and annuity 
contracts; valuation of shares in an open-end investment company.

[[Page 23224]]

Sec. 25.2512-7  Effect of excise tax.
Sec. 25.2512-8  Transfers for insufficient consideration.


             Actuarial Tables Applicable Before May 1, 1999
 

    Sec. 25.2512-5A  Valuation of annuities, unitrust interests, 
interests for life or term of years, and remainder or reversionary 
interests transferred before May 1, 1999.
    Par. 25. Section 25.2512-5 is amended as follows:
    1. The section heading is revised.
    2. Paragraphs (c) and (d) are revised.
    3. Paragraph (e) is revised.
    The revised provisions read as follows:


Sec. 25.2512-5  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests.

* * * * *
    (c) and (d) [Reserved]. For further guidance, see Sec. 25.2512-
5T(c) and (d).
    (e) Effective date. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 26. Section 25.2512-5T is added to read as follows:
    Sec. 25.2512-5T  Valuation of annuities, unitrust interests, 
interests for life or term of years, and remainder or reversionary 
interests (temporary).
    (a) and (b) [Reserved]. For further guidance, see Sec. 25.2512-5(a) 
and (b).
    (c) Actuarial valuations. The present value of annuities, unitrust 
interests, life estates, terms of years, remainders, and reversions 
transferred by gift after April 30, 1999, is determined under paragraph 
(d) of this section. The present value of annuities, unitrust 
interests, life estates, terms of years, remainders, and reversions 
transferred by gift before May 1, 1999, is determined under the 
following sections:

------------------------------------------------------------------------
                   Transfers
-----------------------------------------------  Applicable regulations
              After                   Before
------------------------------------------------------------------------
                                      01-01-52  25.2512-5A(a).
12-31-51.........................     01-01-71  25.2512-5A(b).
12-31-70.........................     12-01-83  25.2512-5A(c).
11-30-83.........................     05-01-89  25.2512-5A(d).
04-30-89.........................     05-01-99  25.2512-5A(e).
------------------------------------------------------------------------

    (d) Actuarial valuations after April 30, 1999--(1) In general. 
Except as otherwise provided in paragraph (b) of this section and 
Sec. 25.7520-3(b) (relating to exceptions to the use of prescribed 
tables under certain circumstances), if the valuation date for the gift 
is after April 30, 1999, the fair market value of annuities, life 
estates, terms of years, remainders, and reversions transferred after 
April 30, 1999, is the present value of such interests determined under 
paragraph (d)(2) of this section and by use of standard or special 
section 7520 actuarial factors. These factors are derived by using the 
appropriate section 7520 interest rate and, if applicable, the 
mortality component for the valuation date of the interest that is 
being valued. See Secs. 25.7520-1 through 25.7520-4. The fair market 
value of a qualified annuity interest described in section 2702(b)(1) 
and a qualified unitrust interest described in section 2702(b)(2) is 
the present value of such interests determined under Sec. 25.7520-1(c).
    (2) Specific interests. When the donor transfers property in trust 
or otherwise and retains an interest therein, generally, the value of 
the gift is the value of the property transferred less the value of the 
donor's retained interest. However, if the donor transfers property 
after October 8, 1990, to or for the benefit of a member of the donor's 
family, the value of the gift is the value of the property transferred 
less the value of the donor's retained interest as determined under 
section 2702. If the donor assigns or relinquishes an annuity, life 
estate, remainder, or reversion that the donor holds by virtue of a 
transfer previously made by the donor or another, the value of the gift 
is the value of the interest transferred. However, see section 2519 for 
a special rule in the case of the assignment of an income interest by a 
person who received the interest from a spouse.
    (i) Charitable remainder trusts. The fair market value of a 
remainder interest in a pooled income fund, as defined in 
Sec. 1.642(c)-5 of this chapter, is its value determined under 
Sec. 1.642(c)-6T(e) of this chapter (see Sec. 1.642(c)-6A for certain 
prior periods). The fair market value of a remainder interest in a 
charitable remainder annuity trust, as described in Sec. 1.664-2(a) of 
this chapter, is its present value determined under Sec. 1.664-2(c) of 
this chapter. The fair market value of a remainder interest in a 
charitable remainder unitrust, as defined in Sec. 1.664-3 of this 
chapter, is its present value determined under Sec. 1.664-4T(e) of this 
chapter. The fair market value of a life interest or term for years in 
a charitable remainder unitrust is the fair market value of the 
property as of the date of transfer less the fair market value of the 
remainder interest, determined under Sec. 1.664-4T(e)(4) and (5) of 
this chapter.
    (ii) Ordinary remainder and reversionary interests. If the interest 
to be valued is to take effect after a definite number of years or 
after the death of one individual, the present value of the interest is 
computed by multiplying the value of the property by the appropriate 
remainder interest actuarial factor (that corresponds to the applicable 
section 7520 interest rate and remainder interest period) in Table B 
(for a term certain) or the appropriate Table S (for one measuring 
life), as the case may be. Table B is contained in Sec. 20.2031-7(d) of 
this chapter and Table S (for one measuring life when the valuation 
date is after April 30, 1999) is included in Sec. 20.2031-7T(d)(7) of 
this chapter and Internal Revenue Service Publication 1457. See 
Sec. 20.2031-7A(e)(4) of this chapter containing Table S and Life Table 
80CNSMT for valuation of interests after April 30, 1989, and before May 
1, 1999. For information about obtaining actuarial factors for other 
types of remainder interests, see paragraph (d)(4) of this section.
    (iii) Ordinary term-of-years and life interests. If the interest to 
be valued is the right of a person to receive the income of certain 
property, or to use certain nonincome-producing property, for a term of 
years or for the life of one individual, the present value of the 
interest is computed by multiplying the value of the property by the 
appropriate term-of-years or life interest actuarial factor (that 
corresponds to the applicable section 7520 interest rate and term-of-
years or life interest period). Internal Revenue Service Publication 
1457 includes actuarial factors for an interest for a term of years in 
Table B and for the life of one individual in Table S (for one 
measuring life when the valuation date is after April 30, 1999). 
However, term-of-years and life interest actuarial factors are not 
included in Table B in Sec. 20.2031-7(d)(6) or Table S in Sec. 20.2031-
7T(d)(7) (or in Sec. 20.2031-7A(e)(4)) of this chapter. If Internal 
Revenue Service Publication 1457 (or any other reliable source of term-
of-years and life interest actuarial factors) is not conveniently 
available, an actuarial factor for the interest may be derived 
mathematically. This actuarial factor may be derived by subtracting the 
correlative remainder factor (that corresponds to the applicable 
section 7520 interest rate and the term of years or the life) in Table 
B (for a term of years) in Sec. 20.2031-7(d)(6) of this chapter or in 
Table S (for the life of one individual) in Sec. 20.2031-7T(d)(7) of 
this chapter, as the case may be, from 1.000000. For information about 
obtaining actuarial factors for other types of term-of-years and life 
interests, see paragraph (d)(4) of this section.
    (iv) Annuities. (A) If the interest to be valued is the right of a 
person to receive an annuity that is payable at the end of each year 
for a term of years or for the life of one individual, the present 
value of the interest is computed by multiplying the aggregate amount

[[Page 23225]]

payable annually by the appropriate annuity actuarial factor (that 
corresponds to the applicable section 7520 interest rate and annuity 
period). Internal Revenue Service Publication 1457 includes actuarial 
factors in Table B (for an annuity payable for a term of years) and in 
Table S (for an annuity payable for the life of one individual when the 
valuation date is after April 30, 1999). However, annuity actuarial 
factors are not included in Table B in Sec. 20.2031-7(d)(6) of this 
chapter or Table S in Sec. 20.2031-7T(d)(7) (or in Sec. 20.2031-
7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 
(or any other reliable source of annuity actuarial factors) is not 
conveniently available, an annuity factor for a term of years or for 
one life may be derived mathematically. This annuity factor may be 
derived by subtracting the applicable remainder factor (that 
corresponds to the applicable section 7520 interest rate and annuity 
period) in Table B (in the case of a term-of-years annuity) in 
Sec. 20.2031-7(d)(6) of this chapter or in Table S (in the case of a 
one-life annuity) in Sec. 20.2031-7T(d)(7) of this chapter, as the case 
may be, from 1.000000 and then dividing the result by the applicable 
section 7520 interest rate expressed as a decimal number. See 
Sec. 20.2031-7T(d)(2)(iv) of this chapter for an example that 
illustrates the computation of the present value of an annuity.
    (B) If the annuity is payable at the end of semiannual, quarterly, 
monthly, or weekly periods, the product obtained by multiplying the 
annuity factor by the aggregate amount payable annually is then 
multiplied by the applicable adjustment factor set forth in Table K in 
Sec. 20.2031-7(d)(6) of this chapter at the appropriate interest rate 
component for payments made at the end of the specified periods. The 
provisions of this paragraph (d)(2)(iv)(B) are illustrated by the 
following example:

    Example. In July, the donor agreed to pay the annuitant the sum 
of $10,000 per year, payable in equal semiannual installments at the 
end of each period. The semiannual installments are to be made on 
each December 31st and June 30th. The annuity is payable until the 
annuitant's death. On the date of the agreement, the annuitant is 68 
years and 5 months old. The donee annuitant's age is treated as 68 
for purposes of computing the present value of the annuity. The 
section 7520 rate on the date of the agreement is 10.6 percent. 
Under Table S in Sec. 20.2031-7T(d)(7) of this chapter, the factor 
at 10.6 percent for determining the present value of a remainder 
interest payable at the death of an individual aged 68 is .29691. 
Converting the remainder factor to an annuity factor, as described 
above, the annuity factor for determining the present value of an 
annuity transferred to an individual age 68 is 6.6329 (1.00000 minus 
.29691 divided by .106). The adjustment factor from Table K in 
Sec. 20.2031-7(d)(6) of this chapter in the column for payments made 
at the end of each semiannual period at the rate of 10.6 percent is 
1.0258. The aggregate annual amount of the annuity, $10,000, is 
multiplied by the factor 6.6329 and the product multiplied by 
1.0258. The present value of the donee's annuity is, therefore, 
$68,040.29 ($10,000  x  6.6329  x  1.0258).

    (C) If an annuity is payable at the beginning of annual, 
semiannual, quarterly, monthly, or weekly periods for a term of years, 
the value of the annuity is computed by multiplying the aggregate 
amount payable annually by the annuity factor described in paragraph 
(d)(2)(iv)(A) of this section; and the product so obtained is then 
multiplied by the adjustment factor in Table J in Sec. 20.2031-7(d)(6) 
of this chapter at the appropriate interest rate component for payments 
made at the beginning of specified periods. If an annuity is payable at 
the beginning of annual, semiannual, quarterly, monthly, or weekly 
periods for one or more lives, the value of the annuity is the sum of 
the first payment plus the present value of a similar annuity, the 
first payment of which is not to be made until the end of the payment 
period, determined as provided in paragraph (d)(2)(iv)(B) of this 
section.
    (v) Annuity and unitrust interests for a term of years or until the 
prior death of an individual--(A) Annuity interests. The present value 
of an annuity interest that is payable until the earlier to occur of 
the lapse of a specific number of years or the death of an individual 
may be computed with values from the tables in Secs. 20.2031-7(d)(6) 
and 20.2031-7T(d)(7) of this chapter as described in the following 
example:

    Example. The donor transfers $100,000 into a trust and retains 
the right to receive an annuity from the trust in the amount of 
$6,000 per year, payable in equal semiannual installments at the end 
of each period. The semiannual installments are to be made on each 
June 30th and December 31st. The annuity is payable for 10 years or 
until the donor's prior death. At the time of the transfer, the 
donor is 59 years and 6 months old. The donor's age is taken as 60 
for purposes of computing the present value of the retained annuity. 
The section 7520 rate for the month in which the transfer occurred 
is 9.8 percent. The present value of the donor's retained interest 
is $35,709.13, determined as follows:


TABLE S value at 9.8 percent, age 60....................          .21669
TABLE S value at 9.8 percent, age 70....................          .34762
TABLE 90CM value at age 70..............................           71357
TABLE 90CM value at age 60..............................           85537
TABLE B value at 9.8 percent, 10 years..................         .392624
TABLE K value at 9.8 percent............................          1.0239
 

    Factor for donor's retained interest at 9.8 percent:

    [GRAPHIC] [TIFF OMITTED] TR30AP99.007
    

Present value of donor's retained interest: ($6,000  x        $35,709.13
 5.8126  x  1.0239).....................................
 

    (B) Unitrust interests. The present value of a unitrust interest 
that is payable until the earlier to occur of the lapse of a specific 
number of years or the death of an individual may be computed with 
values from the tables in Secs. 1.664-4(e)(6) and 1.664-4T(e)(7) of 
this chapter as described in the following example:

    Example. The donor who, as of the nearest birthday, is 60 years 
old, transfers $100,000 to a unitrust on January 1st. The trust 
instrument requires that each year the trust pay to the donor, in 
equal semiannual installments on June 30th and December 31st, 6 
percent of the fair market value of the trust assets, valued as of 
January 1st each year, for 10 years or until the prior death of the 
donor. The section 7520 rate for the January in which the transfer 
occurred is 9.8 percent. Under Table F(9.8) in Sec. 1.664-4(e)(6) of 
this chapter, the appropriate adjustment factor is .932539 for 
semiannual payments payable at the end of the semiannual period. The 
adjusted payout rate is 5.595 percent (6%  x  .932539). The present 
value of the donor's retained interest is $40,848.00 determined as 
follows:


TABLE U(1) value at 5.6 percent, age 60....................       .35375
TABLE U(1) value at 5.6 percent, age 70....................       .49342
TABLE 90CM value at age 70.................................        71357
TABLE 90CM value at age 60.................................        85537
TABLE D value at 5.6 percent, 10 years.....................      .561979
 

    Factor for donor's retained interest at 5.6 percent:


[[Page 23226]]


(1.000000-.35375)-(.561979  x  (71357/85537)  x  (1.000000-.49342)) = 
.40876


TABLE U(1) value at 5.4 percent, age 60....................       .36542
TABLE U(1) value at 5.4 percent, age 70....................       .50473
TABLE 90CM value at age 70.................................        71357
TABLE 90CM value at age 60.................................        85537
TABLE D value at 5.4 percent, 10 years.....................      .573999
 

    Factor for donor's retained interest at 5.4 percent:
    [GRAPHIC] [TIFF OMITTED] TR30AP99.008
    
    Interpolation adjustment:
    [GRAPHIC] [TIFF OMITTED] TR30AP99.009
    

Factor at 5.4 percent, age 60...........................          .39742
Plus: Interpolation adjustment..........................          .01106
Interpolated Factor.....................................          .40848
Present value of donor's retained interest: ($100,000  x      $40,848.00
  .40848)...............................................
 

    (3) Transitional rule. If the valuation date of a transfer of 
property by gift is after April 30, 1999, and before July 1, 1999, the 
fair market value of the interest transferred is determined by use of 
the section 7520 interest rate for the month in which the valuation 
date occurs (See Secs. 25.7520-1(b) and 25.7520-2(a)(2)) and the 
appropriate actuarial tables under either paragraph (d)(2) of this 
section or Sec. 25.2512-5A(e), at the option of the donor. However, 
with respect to each individual transaction and with respect to all 
transfers occurring on the valuation date, the donor must use the same 
actuarial tables (e.g., gift and income tax charitable deductions with 
respect to the same transfer must be determined based on the same 
tables, and all transfers made on the same date must be valued based on 
the same tables).
    (4) Publications and actuarial computations by the Internal Revenue 
Service. Many standard actuarial factors not included in Sec. 20.2031-
7(d)(6) or Sec. 20.2031-7T(d)(7) of this chapter are included in 
Internal Revenue Service Publication 1457, ``Actuarial Values, Book 
Aleph,'' (1999). Internal Revenue Service Publication 1457 also 
includes examples that illustrate how to compute many special factors 
for more unusual situations. A copy of this publication is available 
for purchase from the Superintendent of Documents, United States 
Government Printing Office, Washington, DC 20402. If a special factor 
is required in the case of a completed gift, the Service may furnish 
the factor to the donor upon a request for a ruling. The request for a 
ruling must be accompanied by a recitation of the facts including a 
statement of the date of birth for each measuring life, the date of the 
gift, any other applicable dates, and a copy of the will, trust, or 
other relevant documents. A request for a ruling must comply with the 
instructions for requesting a ruling published periodically in the 
Internal Revenue Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) 
of this chapter) and include payment of the required user fee.
    (e) Effective dates. This section applies after April 30, 1999.
    Par. 27. The undesignated centerheading immediately following 
Sec. 25.2518-3 is revised to read as follows:

             Actuarial Tables Applicable Before May 1, 1999
 

    Par. 28. Section 25.2512-5A is amended by:
    1. Revising the section heading.
    2. Adding paragraph (e).
    The revision and addition read as follows:


Sec. 25.2512-5A  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests 
transferred before May 1, 1999.

* * * * *
    (e) Valuation of annuities, unitrust interests, interests for life 
or term of years, and remainder or reversionary interests transferred 
after April 30, 1989, and before May 1, 1999--(1) In general. Except as 
otherwise provided in Secs. 25.2512-5(b) and 25.7520-3(b) (pertaining 
to certain limitations on the use of prescribed tables), if the 
valuation date of the transferred interest is after April 30, 1989, and 
before May 1, 1999, the fair market value of annuities, unitrust 
interests, life estates, terms of years, remainders, and reversions 
transferred by gift is the present value of the interests determined by 
use of standard or special section 7520 actuarial factors and the 
valuation methodology described in Sec. 25.2512-5T(d). Sections 
20.2031-7(d)(6) and 20.2031-7A(e)(4) of this chapter and related 
sections provide tables with standard actuarial factors and examples 
that illustrate how to use the tables to compute the present value of 
ordinary annuity, life, and remainder interests in property. These 
sections also refer to standard and special actuarial factors that may 
be necessary to compute the present value of similar interests in more 
unusual fact situations. These factors and examples are also generally 
applicable for gift tax purposes in computing the values of taxable 
gifts.
    (2) Transitional rule. (i) If the valuation date of a transfer of 
an interest in property by gift is after April 30, 1989, and before 
June 10, 1994, a donor can rely on Notice 89-24 (1989-1 C.B. 660), or 
Notice 89-60 (1989-1 C.B. 700), in valuing the transferred interest. 
(See Sec. 601.601(d)(2)(ii)(b) of this chapter.)
    (ii) If a donor transferred an interest in property by gift after 
December 31, 1988, and before May 1, 1989, retaining an interest in the 
same property, and after April 30, 1989, and before January 1, 1990, 
transferred the retained interest in property, the donor may, at the 
option of the donor, value the transfer of the retained interest under 
this paragraph (e) or paragraph (d) of this section.
    (3) Publications and actuarial computations by the Internal Revenue 
Service. Many standard actuarial factors not included in Secs. 20.2031-
7(d)(6) and 20.2031-7A(e)(4) of this chapter are included in Internal 
Revenue Service Publication 1457, ``Actuarial Values, Alpha Volume,'' 
(8-89). Internal Revenue Service Publication 1457 also includes 
examples that illustrate how to compute many special factors for more 
unusual situations. Publication 1457 is

[[Page 23227]]

no longer available for purchase from the Superintendent of Documents, 
United States Government Printing Office, Washington, DC 20402. 
However, pertinent factors in this publication may be obtained from: 
CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue 
Service, POB 7604, Ben Franklin Station, Washington, DC 20044. If a 
special factor is required in the case of a completed gift, the 
Internal Revenue Service may furnish the factor to the donor upon a 
request for a ruling. The request for a ruling must be accompanied by a 
recitation of the facts including a statement of the date of birth for 
each measuring life, the date of the gift, any other applicable dates, 
and a copy of the will, trust, or other relevant documents. A request 
for a ruling must comply with the instructions for requesting a ruling 
published periodically in the Internal Revenue Bulletin (see 
Secs. 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include 
payment of the required user fee.
    Par. 29. Section 25.7520-1 is amended as follows:
    1. Paragraph (b)(2), the last two sentences are revised.
    2. The headings for paragraphs (c)(1) and (c)(2) are revised.
    3. Paragraph (c)(2) introductory text is revised.
    4. Paragraph (c)(2)(iii) is amended by removing the first two 
sentences and adding one sentence in their place.
    5. Paragraph (d) is revised.
    The revised and added provisions read as follows:


Sec. 25.7520-1  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests.

* * * * *
    (b) * * *
    (2) * * * For gifts with valuation dates after April 30, 1989, and 
before May 1, 1999, the mortality component table (Table 80CNSMT) is 
included in Sec. 20.2031-7A(e)(4) of this chapter. See Sec. 20.2031-
7A(a) through (d) of this chapter for mortality component tables 
applicable to decedents' estates with valuation dates before May 1, 
1989.
    (c) * * *
    (1) Regulations sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1989, 
and before May 1, 1999. * * *
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2. and 26 percent for valuation dates after 
April 30, 1989, and before May 1, 1999. The following publications are 
no longer available from the Superintendent of Documents, however, they 
may be obtained from: CC:DOM:CORP:R, room 5226, Internal Revenue 
Service, POB 7604, Ben Franklin Station, Washington, DC 20044:
* * * * *
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Gamma Volume,'' (8-89). * * *
    (d) Effective date. This section applies after April 30, 1989, and 
before May 1, 1999.
    Par. 30. Section 25.7520-1T is added to read as follows:


Sec. 25.7520-1T  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests 
(temporary).

    (a) through (b) (1) [Reserved]. For further guidance, see 
Sec. 25.7520-1(a) through (b)(1).
    (b)(2) Mortality component. The mortality component reflects the 
mortality data most recently available from the United States Census. 
As new mortality data becomes available after each decennial census, 
the mortality component described in this section will be revised 
periodically and the mortality component tables will be published in 
the regulations at that time. For gifts with valuation dates after 
April 30, 1999, the mortality component table (Table 90CM) is included 
in Sec. 20.2031-7T(d)(7) of this chapter. See Sec. 20.2031-7A of this 
chapter for mortality component tables applicable to decedent's estates 
with valuation dates before May 1, 1999.
    (c) [Reserved]. For further guidance, see Sec. 25.7520-1(c).
    (1) Regulation sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1999. 
Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for 
determining the present value of a single life remainder interest in a 
pooled income fund as defined in Sec. 1.642(c)-5 of this chapter. See 
Sec. 1.642(c)-6A for actuarial factors for one life applicable to 
valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this 
chapter contains Table F (payout factors) and Table D (actuarial 
factors used in determining the present value of a remainder interest 
postponed for a term of years). Section 1.664-4T(e)(7) of this chapter 
contains, Table U(1) (actuarial factors for one life). These tables are 
used in determining the present value of a remainder interest in a 
charitable remainder unitrust as defined in Sec. 1.664-3 of this 
chapter. See Sec. 1.664-4A for actuarial factors for one life 
applicable to valuation dates before May 1, 1999. Section 20.2031-
7(d)(6) of this chapter contains Table B (actuarial factors used in 
determining the present value of an interest for a term of years), 
Table K (annuity end-of-interval adjustment factors), Table J (term 
certain annuity beginning-of-interval adjustment factors). Section 
20.2031-7T(d)(7) of this chapter contains Table S (actuarial factors 
for one life) and Table 90CM (mortality components). These tables are 
used in determining the present value of annuities, life estates, 
remainders, and reversions. See Sec. 20.2031-7A of this chapter for 
actuarial factors for one life and mortality components applicable to 
valuation dates before May 1, 1999.
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 26 percent for valuation dates after 
April 30, 1999. The following documents are available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402:
    (i) Internal Revenue Service Publication 1457, ``Actuarial Values, 
Book Aleph,'' (1999). This publication includes tables of valuation 
factors, as well as examples that show how to compute other valuation 
factors, for determining the present value of annuities, life estates, 
terms of years, remainders, and reversions, measured by one or two 
lives. These factors may also be used in the valuation of interests in 
a charitable remainder annuity trust as defined in Sec. 1.664-2 of this 
chapter (Income Tax Regulations) and a pooled income fund as defined in 
Sec. 1.642(c)-5 of this chapter.
    (ii) Internal Revenue Service Publication 1458, ``Actuarial Values, 
Book Beth,'' (1999). This publication includes term certain tables and 
tables of one and two life valuation factors for determining the 
present value of remainder interests in a charitable remainder unitrust 
as defined in Sec. 1.664-3 of this chapter.
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (1999). This publication includes tables for 
computing depreciation adjustment factors. See Sec. 1.170A-12T of this 
chapter.
    (d) Effective date. This section applies after April 30, 1999.
    Par. 31. Section 25.7520-3 is amended as follows:
    1. In paragraph (b)(2)(v), Example 5 is revised.
    2. In paragraph (b)(4), the Example is revised.
    The revised examples read as follows:

[[Page 23228]]

Sec. 25.7520-3  Limitation on the application of section 7520.

* * * * *
    (b) * * *
    (2) * * *
    (v) * * *

    Example 5. Eroding corpus in an annuity trust. (i) The donor, 
who is age 60 and in normal health, transfers property worth 
$1,000,000 to a trust. The trust will pay a 10 percent ($100,000 per 
year) annuity to a charitable organization for the life of the 
donor, payable annually at the end of each period, and the remainder 
will be distributed to the donor's child. The section 7520 rate for 
the month of the transfer is 6.8 percent. First, it is necessary to 
determine whether the annuity may exhaust the corpus before all 
annuity payments are made. Because it is assumed that any measuring 
life may survive until age 110, any life annuity could require 
payments until the measuring life reaches age 110. Based on a 
section 7520 interest rate of 6.8 percent, the determination of 
whether the annuity may exhaust the corpus before the annuity 
payments are made is computed as follows:


Age to which life annuity may continue................               110
less: Age of measuring life at date of transfer.......                60
                                                       -----------------
  Number of years annuity may continue................                50
Annual annuity payment................................       $100,000.00
Times: Annuity factor for 50 years derived from Table            14.1577
 B....................................................
                                                       -----------------
    Present value of term certain annuity.............     $1,415,770.00
 

    (ii) Since the present value of an annuity for a term of 50 
years exceeds the corpus, the annuity may exhaust the trust before 
all payments are made. Consequently, the annuity must be valued as 
an annuity payable for a term of years or until the prior death of 
the annuitant, with the term of years determined by when the fund 
will be exhausted by the annuity payments.
    (iii) Using factors based on Table 90CM at 6.8 percent (see 
Sec. 20.2031-7T(d)(7) of this chapter), it is determined that the fund 
will be sufficient to make 17 annual payments, but not to make the 
entire 18th payment. Specifically, the initial corpus will be able to 
make payments of $67,287.26 per year for 17 years plus payments of 
$32,712.74 per year for 18 years. The annuity is valued by adding the 
value of the two separate temporary annuities.
    (iv) Based on Table H of Publication 1457 (a copy of this 
publication may be purchased from the Superintendent of Documents, 
United States Government Printing Office, Washington, DC 20402), the 
present value of an annuity of $67,287.26 per year payable for 17 years 
or until the prior death of a person aged 60 is $588,016.64 ($67,287.26 
 x  8.7389). The present value of an annuity of $32,712.74 per year 
payable for 18 years or until the prior death of a person aged 60 is 
$292,196.74 ($32,712.74  x  8.9322). Thus, the present value of the 
charitable annuity interest is $880,213.38 ($588,016.64 + $292,196.74).
* * * * *
    (4) * * *

    Example. Terminal illness. The donor transfers property worth 
$1,000,000 to a child in exchange for the child's promise to pay the 
donor $103,000 per year for the donor's life, payable annually at 
the end of each period. The donor is age 60 but has been diagnosed 
with an incurable illness and has at least a 50 percent probability 
of dying within 1 year. The section 7520 interest rate for the month 
of the transfer is 10.6 percent, and the standard annuity factor at 
that interest rate for a person age 60 in normal health is 7.5590. 
Thus, if the donor were not terminally ill, the present value of the 
annuity would be $778,577 ($103,000  x  7.5590). Assuming the 
presumption provided in paragraph (b)(3) of this section does not 
apply, because there is at least a 50 percent probability that the 
donor will die within 1 year, the standard section 7520 annuity 
factor may not be used to determine the present value of the donor's 
annuity interest. Instead, a special section 7520 annuity factor 
must be computed that takes into account the projection of the 
donor's actual life expectancy.
* * * * *
    Par. 32. In the list below, for each section indicated in the left 
column, remove the language in the middle column and add the language 
in the right column:

------------------------------------------------------------------------
             Section                    Remove                Add
------------------------------------------------------------------------
1.170A-6(c)(5), Example (1),      1970..............  1971.
 first and last sentence.
1.170A-6(c)(5), Example (2)(a),   1970..............  ..................
 first sentence.
1.170A-6(c)(5), Example (3)(a),   1970..............  1971.
 first, sixth, seventh and
 eighth sentences.
1.170A-6(c)(5), Example (3)(a),   1971..............  1972.
 seventh and eighth sentences.
 1.170A-6(c)(5), Example (3)(a),  1972..............  1973.
 seventh and eighth sentences.
1.170A-6(c)(5), Example (3)(b),   1970..............  1971.
 introductory text.
1.170A-6(c)(5), Example (3)(b),   Jan. 1, 1970......  Jan. 1, 1971.
 Table headings.
1.170A-6(c)(5), Example (3)(b),   Dec. 31, 1970.....  Dec. 31, 1971.
 column 1 of table.
1.170A-6(c)(5), Example (3)(b),   Dec. 31, 1971.....  Dec. 31, 1972.
 column 1 of table.
1.170A-6(c)(5), Example (3)(b),   Dec. 31, 1972.....  Dec. 31, 1973.
 column 1 of table.
1.170A-6(c)(5), Example (3)(c)..  1972..............  1973.
1.170A-6(c)(5), Example (3)(d)..  1972..............  1973.
1.170A-12(b)(2), paragraph        Factor............  Factor before May
 heading.                                              1, 1999.
1.170A-12(b)(2), fourth sentence  April 30, 1989,...  April 30, 1989,
                                                       and before May 1,
                                                       1999.
1.170A-12(b)(2), sixth sentence.  CC:DOM:CORP:T:R...  CC:DOM:CORP:R.
1.170A-12(b)(2), sixth sentence.  Room 5228.........  Room 5226.
1.170A-12(c), first sentence....  Paragraph (f) of    Sec.  20.2031-7(d)
                                   such sections.      (6) of this
                                                       chapter.
1.170A-12(e)(2), following the    Table 80CNSMT in    Table 90CM in Sec.
 formula.                          Sec.  20.2031-7.     20.2031-7T.
1.170A-12(e)(3), last sentence..  E:A:G.............  OP:E:EP:A:1.
1.170A-14(h)(4), Example 2,       December 1, 1983..  May 1, 1999.
 fourth sentence.
1.642(c)-A6(e)(2)(i)............  Sec.  20.2031-7(d)  Sec.  20.2031-7A(e
                                   (6).                )(4).
1.664-1(a)(5)(ii)(b)(1).........  Column 2 of Table   Table D in Sec.
                                   D In Sec.  1.664-   1.664-4(e)(6).
                                   4A(d)(6).
1.664-1(a)(5)(iv), introductory   (iii) of this       (ii) of this
 text.                             section:.           section.

[[Page 23229]]

 
1.664-1(a)(6), introductory text  Sec.  1.664-4(e),   Secs.  1.664-4T(e)
                                   Sec.  1.664-4(A)    , 1.664-4T(e) and
                                   (d), and former     1.664-4A(d) and
                                   Sec.  1.664-4 (d)   (e).
                                   (as contained in
                                   the 26 CFR part 1
                                   edition revised
                                   as of April 1,
                                   1994).
1.664-2(c)......................  April 30, 1989....  April 30, 1999.
1.664-2(c), sixth sentence......  Sec.  20.2031-7A(a   Sec.  20.2031-7A
                                   ) through (d).      (a) through (e).
1.664-2(c), sixth sentence......  May 1, 1989.......  May 1, 1999.
1.664-2(c)......................  Last sentence.....
1.7520-1(a)(2)..................  1989, see Sec.      1999, see Sec.
                                   1.642(c)-6(e).      1.642(c)-6T(e).
1.7520-1(a)(3), last sentence...  (Or, for certain
                                   prior periods,
                                   Sec.  1.664-4A).
1.7520-1(c)(1), first sentence..  Section 1.642(c)-   Section 1.642(c)-
                                   6(e)(4).            6A(e)(5).
1.7520-1(c)(1), second sentence.  Section 1.664-      Sections 1.664-
                                   4(e)(6) contains.   4(e)(6) and 1.664-
                                                       4A(e)(6) contain.
1.7520-1(c)(1), third sentence..  Section 20.2031-    Sections 20.2031-
                                   7(d)(6) of this     7(d)(6) and
                                   chapter (Estate     20.2031-7A(e)(4)
                                   Tax Regulations)    of this
                                   contains.           chaptercontain.
20.2032-1(f)(1), fourth sentence  Paragraph (d) of    Sec.  20.2031-7A(d
                                   Sec.  20.2031-7(A   )(4).
                                   )(d).
20.2055-2(f)(2)(iv), Example      Sec.  20.2031-10(f  Sec.  20.2031-7A(d
 (1), second sentence.             ).                  ).
20.2055-2(f)(2)(iv) Example (2),  Sec.  20.2031-10(f  Sec.  20.2031-7A(d
 second sentence.                  ).                  ).
20.2055-2(f)(2)(iv), Example      Sec.  20.2031-10(e  Sec.  20.2031-7A(c
 (3), second sentence.             ).                  ).
20.2055-2(f)(2)(iv), Example      Sec.  20.2031-10(f  Sec.  20.2031-7A(d
 (3), third sentence.              ).                  ).
20.2056A-4(c)(4)(ii)(B),          Alpha Volume......  Book Aleph.
 penultimate sentence.
20.2056A-4(d), Example 4(iii),    Alpha Volume......  Book Aleph.
 second sentence.
20.7520-1(a)(2).................  1989, see Sec.      1999, see Sec.
                                   1.642(c)-6(e).      1.642(c)-6T(e).
20.7520-1(a)(3), second sentence  (Or, for certain
                                   prior periods,
                                   Sec.  1.664-4A)..
20.7520-1(c)(1), first sentence.  Section 1.642(c)-   Section 1.642(c)-
                                   6(e)(4).            6A(e)(5).
20.7520-1(c)(1), second sentence  Section 1.664-      Sections 1.664-
                                   4(e)(6) of this     4(e)(6) and 1.664-
                                   chapter contains.   4A(e)(6) of this
                                                       chapter contain.
 20.7520-1(c)(1), third sentence  Section 20.2031-    Sections 20.2031-
                                   7(d)(6) contains.   7(d)(6) and
                                                       20.2031-7A(e)(4)
                                                       contain.
25.7520-1(a)(2).................  1989, see Sec.      1999, see Sec.
                                   1.642(c)-6(e).      1.642(c)-6T(e).
25.7520-1(a)(3), last sentence..  (Or, for certain
                                   prior periods,
                                   Sec.  1.664-4A).
25.7520-1(c)(1), first sentence.  Section 1.642(c)-   Section 1.642(c)-
                                   6(e)(4).            6A(e)(5).
25.7520-1(c)(1), second sentence  Section 1.664-      Sections 1.664-
                                   4(e)(6) of this     4(e)(6) and 1.664-
                                   chapter contains.   4A(e)(6) of this
                                                       chapter contain.
25.7520-1(c)(1), third sentence.  Section 20.2031-    Sections 20.2031-
                                   7(d)(6), (Estate    7(d)(6) and
                                   Tax Regulations)    20.2031-7A(e)(4)
                                   contains.           contain.
------------------------------------------------------------------------

Robert E. Wenzel,
Deputy Commissioner of Internal Revenue.

    Approved: April 21, 1999.
Donald C. Lubick,
Assistant Secretary of the Treasury.
[FR Doc. 99-10533 Filed 4-29-99; 8:45 am]
BILLING CODE 4830-01-U