Medigap Insurance: Insurers' Compliance with Federal Minimum Loss Ratio
Standards, 1988-93 (Letter Report, 08/23/95, GAO/HEHS-95-151).

Pursuant to a congressional request, GAO reviewed benefit payments by
Medigap policies between 1988 and 1994, focusing on trends in Medigap
insurers' aggregate loss ratio performance.

GAO found that: (1) the Medigap market grew from $7.3 billion to $12.1
billion between 1988 and 1993; (2) Medigap insurers' aggregate loss
ratios were stable from 1988 to 1991, but these ratios decreased about
10 percent by 1993 to an aggregate 75 percent for individual policies
and 85 percent for group policies; (3) the percentage of Medigap
policies that failed to meet loss ratio standards increased from 19
percent in 1991 to 38 percent in 1993; (4) the premium dollars spent on
such policies increased from $320 million in 1991 to $1.2 billion in
1993; and (5) in the future, insurers will be required to give refunds
or credits on substandard policies.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  HEHS-95-151
     TITLE:  Medigap Insurance: Insurers' Compliance with Federal 
             Minimum Loss Ratio Standards, 1988-93
      DATE:  08/23/95
   SUBJECT:  Medicare programs
             Loss ratio
             Insurance premiums
             Insurance companies
             Insurance regulation
             Compliance
             Health insurance cost control
             Elderly persons
             Public health legislation
IDENTIFIER:  Medigap
             
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Cover
================================================================ COVER


Report to the Ranking Minority Member, Subcommittee on Health,
Committee on Ways and Means, House of Representatives

August 1995

MEDIGAP INSURANCE - INSURERS'
COMPLIANCE WITH FEDERAL MINIMUM
LOSS RATIO STANDARDS, 1988-93

GAO/HEHS-95-151

Medigap Insurance

(106423)


Abbreviations
=============================================================== ABBREV

  NAIC - National Association of Insurance Commissioners
  OBRA1990 - Omnibus Budget Reconciliation Act of 1990

Letter
=============================================================== LETTER


B-257438

August 23, 1995

The Honorable Fortney H.  (Pete) Stark
Ranking Minority Member
Subcommittee on Health
Committee on Ways and Means
House of Representatives

Dear Mr.  Stark: 

The value that Medicare beneficiaries receive from the dollars they
spend on private insurance policies that supplement Medicare
(commonly called Medigap policies) has been an issue of long-standing
interest to the Congress.  In 1980, the Congress amended the Social
Security Act to establish a number of consumer protections for
Medigap purchasers.  These protections included a requirement that a
certain portion of premiums be returned to policyholders in the form
of benefits (called a loss ratio).  The current requirement is that
individual Medigap policies actually achieve a loss ratio of at least
65 percent and that group policies achieve a loss ratio of at least
75 percent.  For policies that fall short of this standard, the
company must refund or credit policyholders in order to meet the loss
ratio requirement; however, for policies that were in effect when the
refunds and credits requirement was enacted, no refunds or credits
will be required until 1997. 

In December 1988, you asked us to monitor benefit payments by
Medicare supplemental insurance policies over the 1988 through 1994
period.  This is our fourth report in response to your request.\1

Our objectives in developing the current report were to (1) identify
trends in insurers' aggregate loss ratio performance by comparing and
analyzing 1992 and 1993 loss ratio data with that previously reported
for 1988 through 1991 and (2) review Medigap insurers' loss ratio
performance by policy form, which is what consumers purchase, and
identify insurers whose loss ratios were below federal standards
during 1992 and 1993. 

The information in this report was developed from computer databases
obtained from the National Association of Insurance Commissioners
(NAIC).  NAIC created the databases from the annual Medigap
experience exhibits that insurance companies are required to file
with state insurance departments.  For each year, we randomly tested
the accuracy of the database by comparing the information on the
annual experience exhibit with the data recorded on the database. 
Our verification showed that NAIC accurately created the computerized
databases except for minor errors, none of which affected our
analysis.  We did not check the accuracy of the individual exhibits
submitted by over 300 companies reporting Medigap loss ratio
information.  NAIC also did not verify the accuracy of the exhibits. 
This review was conducted from May 1994 to May 1995 in accordance
with generally accepted government auditing standards, except as
noted above. 


--------------------
\1 Our previous reports were Medigap Insurance:  Better Consumer
Protection Should Result From 1990 Changes to Baucus Amendment
(GAO/HRD-91-49, Mar.  5, 1991), Medigap Insurance:  Insurers Whose
Loss Ratios Did Not Meet Federal Minimum Standards in 1988-89
(GAO/HRD-92-54, Feb.  28, 1992), and Medigap Insurance:  Insurers'
Compliance With Federal Minimum Loss Ratio Standards, 1988-91
(GAO/HEHS-94-47, Feb.  7, 1994). 


   RESULTS IN BRIEF
------------------------------------------------------------ Letter :1

The Medigap market grew steadily over the 1988-93 period, from $7.3
billion to $12.1 billion.  Medigap insurers' aggregate loss ratios
were relatively stable during the first 4 years of that period.  Over
the next 2 years, however, these ratios decreased about 10 percentage
points, to an aggregate 75 percent for individual policies and 85
percent for group policies.  In 1991, 19 percent of Medigap policies
failed to meet loss ratio standards; this increased to 38 percent by
1993.  The premium dollars spent on such policies increased from $320
million in 1991 to $1.2 billion in 1993.  If insurers had been
required to give refunds or credits on substandard policies, as they
will in the future, policyholders would have been due about $125
million over 1992 and 1993.  (See app.  II for a list of individual
policies and app.  III for a list of group policies that did not meet
the standard.)


   BACKGROUND
------------------------------------------------------------ Letter :2

In 1980 the Congress amended the Social Security Act to establish
federal standards for marketing and selling Medigap insurance.  This
amendment,\2 commonly known as the Baucus amendment, incorporated
into federal law a number of consumer protections.  These protections
included a requirement that Medigap policies be expected to have loss
ratios of at least 60 percent for individual policies and at least 75
percent for group policies.  If an insurer's actuarial estimate was
that a policy could be expected to meet the standard, the insurer was
considered to have complied with the requirement regardless of
whether its actual loss ratio ever met the standard. 

The Omnibus Budget Reconciliation Act of 1990 (OBRA 1990, P.L. 
101-508, Nov.  5, 1990) raised the minimum loss ratio standard that
individual policies must meet to 65 percent, effective for policies
sold or issued after November 5, 1991.  In addition, OBRA 1990 (1)
required companies, beginning in 1991, to report loss ratio data by
policy form rather than in the aggregate for all policies; (2)
required refunds or credits to policyholders when any policy fails to
meet the applicable loss ratio standard, beginning in 1994; and (3)
provided for NAIC to develop standards for simplifying and
standardizing Medigap policies.  Provisions of the Social Security
Act Amendments of 1994 (P.L.  103-432, Oct.  31, 1994)
extended the OBRA 1990 requirements for a 65 percent loss ratio and
refunds or credits to policyholders for policies issued before
November 6, 1991. 

NAIC developed 10 standardized Medigap plans that were included in
the July 1991 revision to its model act and regulation.  All states
and territories except American Samoa and Guam adopted the NAIC
model.  The states did not have to adopt all 10 standardized plans
developed by NAIC, and six states adopted fewer than 10 plans.\3

When interpreting loss ratios, two important factors to consider are
policy maturity and credibility.  Policy maturity refers to the
length of time a policy has been in force.  Before OBRA 1990, the
NAIC loss ratio regulation applied the minimum standards to policies
that had been in force for 3 years or more.  OBRA 1990 provided for
policies sold or issued after November 5, 1991, to meet the standards
after they had been in force for 2 years.  The Social Security Act
Amendments of 1994 provided for policies to meet the standards after
they had been in force for 12 months.  In March 1995, NAIC adopted a
revised model regulation to incorporate the Social Security Act
Amendments of 1994, and the states have 1 year from then to adopt
this revised model in order to maintain compliance with federal
Medigap standards. 

Credibility refers to the number of persons covered by a policy.  The
standard we used, based on the opinion of a state actuary who has
studied the issue for NAIC, is that a loss ratio is credible if it is
based on a number of policyholders sufficient to generate at least
$150,000 in premiums within a state. 


--------------------
\2 Contained in section 507(a), Public Law 96-265, June 9, 1980. 

\3 Pennsylvania and Vermont adopted 7; Delaware adopted 6; and
Minnesota, Wisconsin, and Massachusetts had alternative
simplification programs in effect when OBRA 1990 was enacted and have
a waiver from the standardized policy requirement. 


   INSURERS' AGGREGATE LOSS RATIO
   PERFORMANCE, 1988-93
------------------------------------------------------------ Letter :3

The Medigap market has grown steadily from $7.3 billion in premiums
earned in 1988 to $12.1 billion in 1993.  Most of the Medigap
insurance market is comprised of individual policies (see fig.  1). 

   Figure 1:  The Medigap Market
   (1988-93)

   (See figure in printed
   edition.)

In 1992, a total of 347 insurance companies reported\4

premiums earned on Medigap policies; in 1993 this number decreased to
325 companies.  Almost 70 percent of the premiums for Medigap
policies are collected by 25 companies.  The Prudential Insurance
Company of America is the largest insurer, accounting for about 23
percent of the premiums earned.  (See app.  I for the 25 largest
Medigap insurance companies in 1993.)

Medigap insurers' aggregate loss ratios\5 performance shows signs of
deterioration.  From 1988 to 1991, the performance of Medigap
insurers with mature and credible business\6

generally improved.  While the aggregate loss ratios were relatively
stable over the entire period, more insurers met the aggregate loss
ratio standards in 1991 than 1988.  However, since 1991, companies'
aggregate loss ratios have decreased and fewer companies with mature
and credible business met the minimum loss ratio standards (see table
1). 



                                Table 1
                
                  Aggregate Loss Ratios and Percent of
                 Medigap Insurers Whose Loss Ratios Met
                    the Minimum Standards (1988-93)


                                                        Aggreg
                                                           ate
                                                          loss
                                Indivi                  ratios
                                  dual   Group             met
                                polici  polici          minimu
                                    es      es               m
                                percen  percen          standa  Percen
Year                                 t       t   Total   rds\a       t
------------------------------  ------  ------  ------  ------  ------
1988                                86      96     190      84      44
1989                                82      82     208     117      56
1990                                84      91     217     143      66
1991\b                              86      93     216     154      71
1992\b                              81      89     217     150      69
1993\b                              75      85     205     121      59
----------------------------------------------------------------------
\a Insurer's aggregate loss ratio by state met minimum standards in
every state it did business. 

\b From 1991 through 1993, companies were required to report loss
ratio information by policy form.  For this analysis we aggregated
the 1991-93 premiums and claims to make the loss ratio information
consistent with data reported in 1988 through 1990. 


--------------------
\4 Annually, insurers report loss ratio data to state insurance
commissioners and NAIC. 

\5 Aggregate loss ratios are the sum of benefits paid under all
outstanding policies divided by the sum of premiums. 

\6 For purposes of this report, a mature policy is at least 3 years
old.  Credible premium experience is when at least $150,000 is
collected annually on a policy within a state. 


   LOSS RATIO DATA REPORTED BY
   POLICY FORM
------------------------------------------------------------ Letter :4

Beginning with reports covering 1991 business, insurers have reported
loss ratio information by policy form within a state rather than
reporting only statewide aggregate experience.  From 1991 through
1993, the number of Medigap policy forms grew by almost 45 percent,
from about 20,000 policy forms to about 29,000 in 1993.  Because new
policies are offered each year and many other policies are
low-volume; only about 10 percent of the forms in each year are
mature policies with credible experience.  However, these mature and
credible policies account for over 60 percent of the total premiums
earned (see table 2). 



                                Table 2
                
                  Total Medigap Policy Forms and Forms
                  With Mature and Credible Experience
                               (1991-93)

                                                  1991    1992    1993
----------------------------------------------  ------  ------  ------
Total policy forms                              20,275  25,589  28,906
Number of mature and credible policy forms       2,011   2,513   2,755
Premiums earned on mature and credible policy   $6,955  $7,684  $7,548
 forms (in millions)
Percentage of total premiums earned on mature       63      65      62
 and credible policy forms
----------------------------------------------------------------------
The remainder of this report discusses only those policy forms with
mature and credible experience. 

Since 1991, average loss ratios have declined for both group and
individual policy forms; that is, the portion of premiums earned
devoted to policyholder benefits has declined between 1991 and 1993. 
In 1991 the average loss ratio was 86 percent for individual policy
forms and 93 percent for group policy forms, but in 1993 these had
decreased to 75 percent for individual and 85 percent for group
policy forms (see fig.  2). 

   Figure 2:  Loss Ratios on
   Mature Policy Forms with
   Credible Experience (1991-93)

   (See figure in printed
   edition.)


      A DECLINING PORTION OF
      POLICY FORMS MET THE MINIMUM
      LOSS RATIO STANDARD FROM
      1991 TO 1993
---------------------------------------------------------- Letter :4.1

In 1992 and 1993, most policy forms met the minimum loss ratio
standards; however, compared with 1991, the percentage of forms
meeting the standards decreased, from 81 percent in 1991 to 74
percent in 1992 and 62 percent in 1993.  Also, the premiums earned
for policy forms whose loss ratio met the standards declined as a
percentage of all premiums earned, from 95 percent in 1991 to 92
percent in 1992 and 84 percent in 1993 (see table 3). 



                                     Table 3
                     
                      Medigap Policy Forms' Compliance with
                      Minimum Loss Ratio Standards (1991-93)


                                    1991    1992    1993    1991    1992    1993
--------------------------------  ------  ------  ------  ------  ------  ------
Met the minimum standards            81%     74%     62%     95%     92%     84%
Did not meet the minimum             19%     26%     38%      5%      8%     16%
 standards
Number of policy forms             2,011   2,513   2,755
Premiums earned (in millions)                             $6,955  $7,684  $7,548
--------------------------------------------------------------------------------

Premiums earned on policy forms that failed to meet the standards
increased from $320 million in 1991 to $1.2 billion in 1993 (see fig. 
3). 

   Figure 3:  Premiums for Policy
   Forms Whose Loss Ratios Were
   Below Minimum Standards
   (1991-93)

   (See figure in printed
   edition.)

About one-third of the 1,498 policy forms whose loss ratios were
below the minimum standard sometime during the period 1991 to 1993
did not meet the standard in multiple years.  The loss ratios of 89
policy forms were below the minimum standard in all 3 years and the
companies selling these policies collected over $260 million in
premiums for the 3-year period.  (See app.  II for a list of
individual policies and app.  III for a list of group policies that
did not meet the standard.)

The Social Security Act Amendments of 1994 revised the refunds or
credits requirement of OBRA 1990, effectively extending the
requirement to policies issued before November 6, 1991.  Refunds or
credits on these policies will begin in 1997.  If these policies had
been subject to the refunds or credits requirement in 1992 and 1993,
we estimate that policyholders would have been entitled to about $125
million in premium refunds or credits. 


---------------------------------------------------------- Letter :4.2

If you have any questions about this report, please call me at (202)
512-7119.  Other major contributors to this report are listed in
appendix IV. 

Sincerely yours,

Sarah F.  Jaggar
Director, Health Financing
 and Policy Issues


TWENTY-FIVE LARGEST MEDIGAP
INSURERS (1993)
=========================================================== Appendix I

Company                                    Premiums earned
--------------------------------------  ------------------
Prudential Insurance Company of             $2,786,220,433
 America
Empire Blue Cross & Blue Shield                561,453,880
Bankers Life and Casualty Company              533,544,328
United American Insurance Company              525,901,185
Blue Cross & Blue Shield of                    457,428,417
 Massachusetts
Medical Service Association of                 378,640,285
 Pennsylvania-Pennsylvania Blue Shield
Blue Cross/Blue Shield of Florida              286,043,303
Health Care Service Corporation                223,636,002
Pioneer Life Insurance Company of              196,232,655
 Illinois
Blue Cross & Blue Shield of Virginia           193,814,697
Mutual of Omaha Insurance Company              188,402,560
Blue Cross & Blue Shield of New                183,718,000
 Jersey, Incorporated
Associated Insurance Companies,                182,827,024
 Incorporated
Blue Cross & Blue Shield of                    179,047,046
 Connecticut, Incorporated
IASD Health Services Corporation               174,318,972
Physicians Mutual Insurance Company            159,656,177
Blue Cross & Blue Shield of Alabama            157,297,455
Standard Life & Accident Insurance             155,617,661
 Company
Blue Cross & Blue Shield of Michigan           146,491,903
Blue Cross & Blue Shield of Tennessee          137,829,113
State Farm Mutual Automobile Insurance         136,980,165
 Company
Independence Blue Cross                        123,644,635
Blue Cross of Western Pennsylvania             120,472,734
Blue Cross & Blue Shield of Kansas,            120,401,000
 Incorporated
American Family Life Assurance Company         111,201,564
 of Columbus, Georgia
==========================================================
Total                                       $8,420,821,194
----------------------------------------------------------

MEDIGAP INSURERS WITH MATURE AND
CREDIBLE LOSS RATIO EXPERIENCE
BELOW THE MINIMUM STANDARD FOR
INDIVIDUAL POLICIES (1991-93)
========================================================== Appendix II


Company                          Policy number       Premiums        Claims    Loss ratio        Premiums         Claims     Loss ratio       Premiums         Claims     Loss ratio
-------------------------------  --------------  ------------  ------------  ------------  --------------  -------------  -------------  -------------  -------------  -------------
Alabama
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Associated Doctors H & L Ins.    380                 $484,065      $273,673          56.5        $310,281       $181,855           58.6              x              x              x
 Co.
Atlantic American Life Ins. Co.  2083                      --            --            --               x              x              x       $235,684       $131,908           56.0
Bankers Life & Casualty Co.      GR-75R               700,779       371,626          53.0               x              x              x        611,058        344,298           56.3
First National Life Ins. Co.     9600                      --            --            --              --             --             --      1,060,807         16,562            1.6
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        206,263        113,620           55.1
Mutual of Omaha Ins. Co.         M2 a                 299,502       172,072          57.5               x              x              x              x              x              x
                                 C23M and                   x             x             x               x              x              x        178,811        102,048           57.1
                                  others
United American Ins. Co.         MC3                       --            --            --               x              x              x        468,561        257,919           55.0

Alaska
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Blue Cross of WA & AK            701-10538                 --            --            --              --             --             --        168,850         78,448           46.5
Arizona
Amer. Family Life Assurance Co.  A-19000                   --            --            --         258,123        141,171           54.7        428,946        253,327           59.1
 of Columbus, GA
Bankers Life & Casualty Co.      GR-75R                     x             x             x       3,352,105      1,896,541           56.6      3,135,336      1,635,637           52.2
                                 GR-A002                   --            --            --         327,750        177,352           54.1        662,027        303,705           45.9
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x        361,557        178,171           49.3
Continental General Ins. Co.     323                       --            --            --         207,583        102,146           49.2        376,100        204,504           54.4
Equitable Life & Casualty Ins.   700                        x             x             x               x              x              x        306,294        179,639           58.6
 Co.
Medico Life Ins. Co.             489                       --            --            --               x              x              x        513,260        277,682           54.1
Mutual of Omaha Ins. Co.         15CMO and            203,719       120,700          59.2         186,071        109,418           58.8        167,375         92,362           55.2
                                  others
                                 M115 and                  --            --            --         248,081        103,058           41.5              x              x              x
                                  others
                                 M4 and others              x             x             x         380,264        161,641           42.5        301,537        168,332           55.8
                                 C23M and                   x             x             x               x              x              x        181,663        102,199           56.3
                                  others
                                 M2 and others              x             x             x               x              x              x        400,713        192,034           47.9
National Foundation Life Ins.    MS-7                      --            --            --              --             --             --        545,320        323,531           59.3
 Co.
National Home Life Assurance     GS 1                      --            --            --         375,627        209,456           55.8        274,115        122,109           44.5
 Co.
Physicians Mutual Ins. Co.       P394/R620                  x             x             x               x              x              x        178,592         99,999           56.0
                                 P197                      --            --            --               x              x              x        895,344        501,230           56.0
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        282,712        145,420           51.4
 Illinois
                                 9161                      --            --            --               x              x              x        570,295        323,119           56.7
Standard Life & Accident Ins.    1231                      --            --            --              --             --             --        250,981        132,768           52.9
 Co.
                                 1238                      --            --            --              --             --             --        192,383        113,630           59.1
Union Fidelity Life Ins. Co. of  1053                 261,445       145,028          55.5         216,380         71,710           33.1             --             --             --
 Trevose
United American Ins. Co.         MAXC+                      x             x             x       1,538,721        910,658           59.2              x              x              x
                                 MMS                        x             x             x       2,013,872      1,157,034           57.5      1,607,671        880,177           54.7
                                 MAXC                       x             x             x               x              x              x      1,277,783        672,218           52.6
                                 MC3                       --            --            --         707,166        360,055           50.9      1,027,496        526,524           51.2
Arkansas
Bankers Life & Casualty Co.      GR-73S                     x             x             x               x              x              x        203,663        110,900           54.5
                                 GR-75R                     x             x             x               x              x              x      1,323,973        733,300           55.4
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        183,807        103,878           56.5
Mutual of Omaha Ins. Co.         M6 and others        187,873        92,795          49.4         177,362         77,749           43.8        164,364         78,069           47.5
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        181,627        107,133           59.0
 Illinois
                                 9161                      --            --            --               x              x              x        412,907        168,798           40.9
Providential Life Ins. Co.       189                       --            --            --       1,460,068        852,784           58.4      3,272,251      1,875,732           57.3
Pyramid Life Ins. Co.            H-94                 223,327       105,031          47.0         194,757        110,283           56.6        199,018         92,260           46.4
                                 G-10                 239,305       132,488          55.4         208,451        120,726           57.9        228,271        123,355           54.0
                                 H-91                 181,081        65,727          36.3              --             --             --             --             --             --
Statesman National Life Ins.     P-193, P-            324,486        23,376           7.2              --             --             --             --             --             --
 Co.                              222\b
                                 MED484               185,038        98,520          53.2         161,433         95,507           59.2             --             --             --
United American Ins. Co.         MC1                       --            --            --              --             --             --        186,452        105,858           56.8
                                 MAXC                       x             x             x         283,684        151,890           53.5              x              x              x
                                 MVXC                       x             x             x               x              x              x        154,704         84,772           54.8
                                 MMS                        x             x             x               x              x              x        714,099        401,634           56.2
                                 MAXC+                      x             x             x         275,599        163,284           59.2              x              x              x
California
American Integrity Ins. Co.      MS-85                294,930       171,854          58.3              --             --             --             --             --             --
Anthem Life Ins. Co.             40071                684,891       405,202          59.2              --             --             --             --             --             --
Blue Cross of CA                 512/518                   --            --            --         373,000        178,000           47.7             --             --             --
                                 442                1,229,000       734,000          59.7               x              x              x             --             --             --
Central States H & L Co. of      286                       --            --            --         285,025        158,850           55.7        232,051        110,130           47.5
 Omaha
Certified Life Ins. Co.          CER-72M                    x             x             x       1,088,610        546,345           50.2              x              x              x
                                 CER-A002                  --            --            --       1,022,326        496,659           48.6      2,300,198      1,341,826           58.3
                                 CER-72M/1051               x             x             x               x              x              x        460,231        257,610           56.0
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x        522,851        269,140           51.5
                                 3-82-855                   x             x             x               x              x              x      1,060,838        556,169           52.4
Federal Home Life Ins. Co.       NAC 9901                  --            --            --         991,677        516,306           52.1      1,411,972        636,574           45.1
                                 NAC 9900                   x             x             x               x              x              x      2,817,511      1,606,988           57.0
Medico Life Ins. Co.             489                       --            --            --         538,111        231,097           42.9        603,968        215,475           35.7
                                 488                        x             x             x         922,839        519,454           56.3        509,658        200,526           39.3
                                 487                        x             x             x         690,652        376,399           54.5        431,513        228,013           52.8
Mutual of Omaha Ins. Co.         50/51/52VB         1,503,636       806,109          53.6       1,259,337        568,980           45.2              x              x              x
                                 M1/M65 and           447,369       148,497          33.2         343,479        175,889           51.2              x              x              x
                                  others
                                 2CMO and           1,007,225       415,897          41.3               x              x              x        671,864        351,299           52.3
                                  others
                                 MSE                        x             x             x               x              x              x        381,538        156,167           40.9
                                 15CMO and                  x             x             x       1,482,779        794,539           53.6              x              x              x
                                  others
                                 C17M and                   x             x             x               x              x              x        364,299        175,138           48.1
                                  others
                                 M3/M67 and           354,926       177,627          50.0         286,800        146,929           51.2        227,900        125,668           55.1
                                  others
                                 M115 and                  --            --            --         654,713        384,125           58.7              x              x              x
                                  others
National Foundation Life Ins.    MS3-89-P                  --            --            --              --             --             --        695,912        328,264           47.2
 Co.
                                 MMS-84                    --            --            --              --             --             --        226,667        132,199           58.3
                                 MS-7                      --            --            --              --             --             --        271,810        128,189           47.2
National Home Life Assurance     NH 121                    --            --            --               x              x              x      1,398,240        757,134           54.1
 Co.
                                 GS 1 and GSH-      1,301,958       618,135          47.5       1,402,079        789,894           56.3        973,621        476,251           48.9
                                  1
Physicians Mutual Ins. Co.       P398/R633                 --            --            --              --             --             --        190,821         80,412           42.1
Pioneer Life Ins. Co. of         9176                      --            --            --               x              x              x        388,652        212,135           54.6
 Illinois
                                 9061                       x             x             x               x              x              x      2,317,435      1,299,829           56.1
                                 9161                       x             x             x               x              x              x      8,545,780      5,079,712           59.4
                                 9279                      --            --            --              --             --             --      2,283,881      1,216,920           53.3
                                 9055                       x             x             x         190,143        104,270           54.8        165,353         98,697           59.7
Standard Life & Accident Ins.    1225                      --            --            --              --             --             --        208,289         81,013           38.9
 Co.
                                 1230                      --            --            --              --             --             --        417,210        218,386           52.3
                                 1218                      --            --            --              --             --             --        377,032        124,911           33.1
                                 1226                      --            --            --              --             --             --        232,908        118,020           50.7
                                 1233                      --            --            --       1,745,140      1,016,547           58.3      1,317,525        765,651           58.1
                                 1221                      --            --            --              --             --             --        261,280         84,860           32.5
                                 1238                      --            --            --              --             --             --      3,418,242      1,921,471           56.2
State Farm Mutual Automobile     97046                      x             x             x               x              x              x      2,769,609      1,637,682           59.1
 Ins. Co.
Statesman National Life Ins.     P-305                172,587        93,369          54.1              --             --             --             --             --             --
 Co.
Union Fidelity Life Ins. Co. of  8550                 817,208       446,295          54.6               x              x              x             --             --             --
 Trevose
                                 1053                       x             x             x       1,413,719        805,273           57.0        275,309        161,942           58.8
United American Ins. Co.         MAXC+                      x             x             x      12,621,693      7,325,245           58.0     10,669,189      5,867,441           55.0
                                 MMS                        x             x             x      20,781,341     11,708,741           56.3     16,153,974      8,480,748           52.5
                                 MBXC                       x             x             x               x              x              x      1,271,635        755,748           59.4
                                 MC2                       --            --            --         465,183        265,409           57.1              x              x              x
                                 MAXC                       x             x             x      15,261,129      8,952,880           58.7     12,683,483      7,206,743           56.8

Colorado
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Aid Association for Lutherans    BMS/BMN                   --            --            --              --             --             --        289,920        168,385           58.1
American Republic Ins. Co.       A-3041                    --            --            --              --             --             --        164,305         77,212           47.0
                                 A-2721                    --            --            --         190,162        101,155           53.2        319,275        188,457           59.0
Amer. Family Life Assurance Co.  A-19000                   --            --            --               x              x              x        566,745        335,617           59.2
 of Columbus, GA
Bankers Life & Casualty Co.      GR-A002                   --            --            --         160,606         71,328           44.4        532,281        265,095           49.8
                                 GR-75R                     x             x             x       2,450,476      1,458,301           59.5      2,311,844      1,257,429           54.4
Central States H & L Co. of      286                        x             x             x         203,129        111,797           55.0        175,222         78,123           44.6
 Omaha
Continental General Ins. Co.     323                       --            --            --              --             --             --        233,441         90,261           38.7
Equitable Life & Casualty Ins.   880                       --            --            --               x              x              x      2,935,650      1,705,725           58.1
 Co.
Hartford Life Ins. Co.           SRP-1261                  --            --            --         884,315        490,212           55.4             --             --             --
Mutual of Omaha Ins. Co.         50/51/52VB           240,633       136,832          56.9               x              x              x        198,900        101,073           50.8
                                 M3 and others              x             x             x         176,152        102,581           58.2        155,460         76,538           49.2
                                 15CMO and            270,555       124,674          46.1               x              x              x        176,794         97,470           55.1
                                  others
                                 M2 and others        774,432       457,993          59.1               x              x              x        661,080        363,616           55.0
                                 M1\b                 159,350        80,264          50.4              --             --             --             --             --             --
                                 C23M/C24M\b          221,355       113,910          51.5               x              x              x        186,690         59,873           32.1
                                 M115 and                  --            --            --         318,657        141,853           44.5        537,683        282,640           52.6
                                  others
                                 M4 and others              x             x             x               x              x              x        461,606        195,550           42.4
National Foundation Life Ins.    MS-7                      --            --            --              --             --             --        254,032        152,074           59.9
 Co.
New York Life Ins. Co.           8145                       x             x             x         207,859        120,339           57.9        221,235        124,240           56.2
Physicians Mutual Ins. Co.       P115                      --            --            --         176,121         95,103           54.0        199,440        115,211           57.8
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        212,085         95,369           45.0
 Illinois
                                 9061                       x             x             x               x              x              x      1,013,687        549,757           54.2
Standard Life & Accident Ins.    1231                      --            --            --              --             --             --        540,943        274,905           50.8
 Co.
                                 1238                      --            --            --              --             --             --        791,561        465,362           58.8
State Farm Mutual Automobile     97043                      x             x             x               x              x              x        333,306        197,876           59.4
 Ins. Co.
Teton National Ins. Co./         HOM505/505-1              --            --            --               x              x              x        212,365        123,150           58.0
 Atlantic and Pacific Insurance
 Company\a
                                 HOM502/502-1               x             x             x         694,170        414,412           59.7        594,873        334,439           56.2
                                 HOM500/501                 x             x             x               x              x              x        311,064        179,549           57.7
Union Fidelity Life Ins. Co. of  1053                 174,814        88,559          50.7              --             --             --             --             --             --
 Trevose
United American Ins. Co.         MC3                       --            --            --         308,584        161,005           52.2              x              x              x
                                 MAXC                 404,411       217,296          53.7               x              x              x              x              x              x
                                 MAXC+                      x             x             x         596,483        287,719           48.2              x              x              x
Western Farm Bureau Life Ins.    HIP02                      x             x             x         239,127        124,752           52.2              x              x              x
 Co.

Connecticut
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Mutual of Omaha Ins. Co.         M43 and others             x             x             x               x              x              x        157,325         69,090           43.9

Delaware
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Blue Cross & Blue Shield of DE,  SECURE-65 PLUS            --            --            --         694,096        394,471           56.8             --             --             --
 Inc.
Mutual of Omaha Ins. Co.         M142 and                  --            --            --               x              x              x        252,588        128,550           50.9
                                  others

District of Columbia
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
National Home Life Assurance     NH1380               150,397        63,650          42.3              --             --             --             --             --             --
 Co.

Florida
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --         369,864        213,962           57.8              x              x              x
 of Columbus, GA
                                 A-19800              188,028       108,198          57.5               x              x              x              x              x              x
Atlantic American Life Ins. Co.  2083                      --            --            --         768,362        384,517           50.0        570,164        239,713           42.0
Central States H & L Co. of      533                  236,798       129,774          54.8         317,625        181,043           57.0              x              x              x
 Omaha
Colonial Penn Life Ins. Co.      3-82-855                   x             x             x               x              x              x      2,741,514      1,629,075           59.4
                                 4-82-595                  --            --            --               x              x              x      4,837,602      2,899,152           59.9
Commonwealth Life Ins. Co.       1100                      --            --            --              --             --             --        379,597        209,395           55.2
Continental General Ins. Co.     324                       --            --            --              --             --             --        387,744        208,470           53.8
                                 333                       --            --            --              --             --             --        162,209         86,808           53.5
Golden Rule Ins. Co.             GRI-H-11/GRI-             --            --            --              --             --             --        159,403         93,816           58.9
                                  H-12
Hartford Life Ins. Co.           SRP-1265                  --            --            --              --             --             --        182,718         55,656           30.5
Life Insurance Co. of GA         6610                 724,915       409,341          56.5       1,080,893        555,987           51.4      1,102,800        655,781           59.5
Mutual of Omaha Ins. Co.         M3\a                 203,958       109,913          53.9               x              x              x             --             --             --
                                 2CMO and                  --            --            --         750,276        362,870           48.4        641,831        313,861           48.9
                                  others
                                 M4 and others              x             x             x         721,548        367,975           51.0              x              x              x
                                 M1 and others        330,365       167,792          50.8         303,343        149,564           49.3              x              x              x
                                 M122 and                  --            --            --         589,075        220,670           37.5              x              x              x
                                  others
                                 50/51/52VB                 x             x             x       1,085,678        635,096           58.5              x              x              x
                                 15CMO and                  x             x             x         454,354        225,352           49.6              x              x              x
                                  others
National Foundation Life Ins.    MS4-89-P                  --            --            --              --             --             --        266,513        158,548           59.5
 Co.
                                 MS3-89-P                  --            --            --              --             --             --        353,975        173,114           48.9
National Home Life Assurance     GS 5                      --            --            --               x              x              x        218,883         93,353           42.6
 Co.
                                 NH 122                    --            --            --               x              x              x        815,604        471,164           57.8
Pioneer Life Ins. Co. of         9055                       x             x             x               x              x              x        325,235        178,634           54.9
 Illinois
State Farm Mutual Automobile     97049                     --            --            --              --             --             --        258,492        151,608           58.7
 Ins. Co.
Union Bankers Ins. Co.           76M                        x             x             x         164,741         78,447           47.6             --             --             --
                                 MS-2                      --            --            --              --             --             --        324,800        165,538           51.0
United American Ins. Co.         MMS                        x             x             x               x              x              x     11,424,273      6,659,580           58.3
                                 MAXC+                      x             x             x       7,594,286      4,466,875           58.8              x              x              x
                                 MC2                       --            --            --         356,215        196,405           55.1        503,900        247,109           49.0
                                 MVXC                       x             x             x               x              x              x        429,983        241,026           56.1
United General Life Ins. Co.     261                        x             x             x               x              x              x        666,391        398,813           59.8

Georgia
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American General Life &          6001 M-1                  --            --            --               x              x              x        957,676        561,384           58.6
 Accident Ins. Co.
Amer. Family Life Assurance Co.  A-19700                    x             x             x         170,154         93,497           54.9             --             --             --
 of Columbus, GA
                                 A-19000                   --            --            --       1,538,519        828,871           53.9              x              x              x
Atlantic American Life Ins. Co.  5083                      --            --            --              --             --             --        345,756        202,783           58.6
                                 4083                      --            --            --         256,377        129,880           50.7        282,077        165,391           58.6
                                 2083                       x             x             x         856,703        505,109           59.0        671,583        349,566           52.1
Bankers Life and Casualty Co.    GR-A002                   --            --            --              --             --             --        947,903        531,667           56.1
Capital Security Life            466MS                     --            --            --               x              x              x        326,410        168,571           51.6
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      1,724,649        907,189           52.6
Gulf Life Ins. Co.               737 L&C                    x             x             x         161,363         90,990           56.4              x              x              x
Life Insurance Co. of Georgia    6613                      --            --            --              --             --             --        195,586         86,410           44.2
                                 6612                       x             x             x               x              x              x        605,344        350,761           57.9
Mutual of Omaha Ins. Co.         50/51/52VB                 x             x             x               x              x              x        505,395        288,721           57.1
                                 15CMO and                  x             x             x         217,025         91,710           42.3              x              x              x
                                  others
                                 M4 and others              x             x             x         307,265        163,428           53.2              x              x              x
                                 M143 and                  --            --            --         156,881         92,168           58.8              x              x              x
                                  others
                                 M2 and others        585,291       333,798          57.0               x              x              x        543,496        287,690           52.9
                                 M1/M7 and            234,613       116,144          49.5               x              x              x        167,382         65,397           39.1
                                  others
Mutual Protective Ins. Co.       489                       --            --            --              --             --             --        379,764        218,238           57.5
National Financial Ins. Co.      GL65                 309,340       140,546          45.4         188,941         80,443           42.6             --             --             --
National Foundation Life Ins.    MS100                      x             x             x         319,790        164,932           51.6        277,425        142,440           51.3
 Co.
                                 MS-7                      --            --            --              --             --             --        580,157        212,951           36.7
New York Life Ins. Co.           8145                 267,787       130,462          48.7              --             --             --        271,993        151,767           55.8
Professional Ins. Corp.          MS81                      --            --            --              --             --             --        158,347         64,379           40.7
Union Bankers Ins. Co.           86M                       --            --            --         170,445        102,103           59.9              x              x              x
                                 MS-2                      --            --            --              --             --             --        152,598         86,916           57.0
United American Ins. Co.         MC1                       --            --            --         171,705         87,806           51.1        380,576        217,710           57.2
                                 MCCAT                     --            --            --               x              x              x      1,409,279        792,779           56.3
                                 MC3                       --            --            --               x              x              x      2,109,715      1,200,771           56.9
                                 MMS                        x             x             x       6,427,164      3,769,567           58.7      6,024,535      3,072,626           51.0
                                 MAXC+                      x             x             x               x              x              x      1,761,987        887,491           50.4
                                 MAXC                       x             x             x               x              x              x      2,313,665      1,234,479           53.4
                                 MVXC                 187,831       107,017          57.0               x              x              x              x              x              x

Hawaii
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-75R               327,531       136,929          41.8         289,575        117,348           40.5        246,777         87,534           35.5
Hartford Life Ins. Co.           SRP-1261                  --            --            --         160,380         69,102           43.1             --             --             --
                                 SRP-7218                  --            --            --         170,836         72,556           42.5             --             --             --

Idaho
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-A002                   --            --            --         336,070        160,914           47.9        817,042        370,136           45.3
                                 GR-75R                     x             x             x       3,978,160      2,287,682           57.5      3,549,263      1,724,269           48.6
                                 GR-73S                     x             x             x               x              x              x        313,067        165,607           52.9
Central States H & L Co. of      286                        x             x             x               x              x              x        154,837         83,433           53.9
 Omaha
Federal Home Life Ins. Co.       NAC 9930                   x             x             x               x              x              x        324,852        162,668           50.1
                                 NAC 9942                  --            --            --         223,539        128,950           57.7             --             --             --
Guarantee Trust Life Ins. Co.    85420                      x             x             x         154,849         73,308           47.3             --             --             --
Hartford Life Ins. Co.           SRP-1261                  --            --            --         150,464         85,160           56.6             --             --             --
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        279,986        164,898           58.9
 Illinois
State Farm Mutual Automobile     97046                     --            --            --              --             --             --        177,194        101,573           57.3
 Ins. Co.
                                 97033                      x             x             x         260,291        141,971           54.5        250,269        130,749           52.2
Union Bankers Ins. Co.           86M                  273,864       161,659          59.0               x              x              x              x              x              x
United American Ins. Co.         MAXC                 156,882        84,412          53.8              --             --             --             --             --             --
                                 MMS                        x             x             x               x              x              x        210,174        108,486           51.6
                                 MAXC+                239,942       136,887          57.1               x              x              x        192,215         75,331           39.2

Illinois
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Aid Association for Lutherans    4952 THRU 4956            --            --            --              --             --             --        152,744         79,384           52.0
American Republic Ins. Co.       A-2777                     x             x             x         247,602        137,455           55.5              x              x              x
                                 A-2721                     x             x             x               x              x              x      2,471,491      1,479,064           59.8
                                 A-3041                    --            --            --              --             --             --        333,536        195,994           58.8
Amer. Family Life Assurance Co.  A-19800                    x             x             x         429,311        239,457           55.8        363,760        208,483           57.3
 of Columbus, GA
                                 A-19000                   --            --            --               x              x              x      1,469,960        846,969           57.6
Bankers Life & Casualty Co.      GR-A002                   --            --            --       1,871,435        996,910           53.3      3,829,772      2,169,664           56.7
                                 GR-75R                     x             x             x               x              x              x     10,393,371      5,674,055           54.6
                                 P1-67720                  --            --            --               x              x              x      1,786,086        979,664           54.8
                                 GR-73S                     x             x             x       2,178,171      1,279,951           58.8              x              x              x
                                 CR-93T               464,689       272,503          58.6               x              x              x        432,843        250,685           57.9
                                 P1-56566                  --            --            --         771,872        448,214           58.1        847,140        437,088           51.6
Central States H & L Co. of      286                  233,923       119,567          51.1               x              x              x        155,336         62,551           40.3
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      2,521,082      1,300,576           51.6
                                 3-82-855                   x             x             x               x              x              x        262,919        110,255           41.9
Continental Casualty Co.         P1-56566             256,037       142,183          55.5              --             --             --             --             --             --
Continental General Ins. Co.     323                       --            --            --         423,939        235,028           55.4        561,611        269,360           48.0
Golden Rule Ins. Co.             GRI-H-2                    x             x             x         460,601        275,356           59.8        461,006        263,505           57.2
                                 CL-H-2/GR-H-2              x             x             x               x              x              x        516,141        248,909           48.2
Guarantee Trust Life Ins. Co.    85420                      x             x             x               x              x              x        396,310        205,875           51.9
                                 89420                     --            --            --               x              x              x        263,008        138,325           52.6
Health Care Service Corp.        CB 41.2                    x             x             x       8,883,407      4,577,505           51.5              x              x              x
                                 CB 41.4                    x             x             x       9,309,070      4,816,515           51.7              x              x              x
                                 CB 41.3                    x             x             x       4,742,276      2,692,450           56.8              x              x              x
Mutual of Omaha Ins. Co.         2CMO and                  --            --            --               x              x              x        611,800        355,917           58.2
                                  others
                                 M2 and others              x             x             x       1,867,201      1,076,132           57.6              x              x              x
                                 M115 and                  --            --            --       1,085,666        573,432           52.8              x              x              x
                                  others
                                 M3 and others              x             x             x         506,526        280,382           55.4              x              x              x
                                 50/51/52VB           850,177       487,335          57.3         768,986        434,445           56.5        655,905        372,427           56.8
                                 15CMO and                  x             x             x         788,056        324,641           41.2        664,746        345,512           52.0
                                  others
                                 M1 and others        657,342       389,005          59.2         575,050        274,186           47.7              x              x              x
                                 M154 and                  --            --            --              --             --             --        264,927        114,194           43.1
                                  others
                                 MD18 and                   x             x             x              --             --             --        150,835         57,472           38.1
                                  others
                                 2/3/30/              746,819       397,150          53.2              --             --             --             --             --             --
                                  31CMO\b
                                 MSE                        x             x             x         210,483         97,626           46.4        191,287         66,471           34.7
                                 MD50 and                   x             x             x         160,004         94,524           59.1             --             --             --
                                  others
National Casualty Co.            4029                       x             x             x         184,259        106,920           58.0             --             --             --
                                 4006                 188,271        95,769          50.9         164,341         66,331           40.4             --             --             --
                                 5000                       x             x             x         158,311         68,574           43.3             --             --             --
National Foundation Life Ins.    MS-7                      --            --            --              --             --             --      1,543,416        569,551           36.9
 Co.
National Home Life Assurance     GS 1 and GSH-        535,567       308,727          57.6         514,698        305,252           59.3        359,782        159,527           44.3
 Co.                              1
National States Ins. Co.         CMS                       --            --            --              --             --             --        236,004        131,550           55.7
New York Life Ins. Co.           8145                 491,238       284,456          57.9         512,304        282,416           55.1              x              x              x
Physicians Mutual Ins. Co.       P115                      --            --            --               x              x              x        190,041        109,616           57.7
                                 P197                       x             x             x               x              x              x      1,073,146        641,724           59.8
Pioneer Life Ins. Co. of         9055                       x             x             x               x              x              x        352,145        182,501           51.8
 Illinois
                                 8940                       x             x             x               x              x              x        892,900        524,522           58.7
                                 8901                       x             x             x         171,913         73,576           42.8        164,633         97,211           59.0
                                 8916                       x             x             x               x              x              x        640,426        351,745           54.9
                                 9161                       x             x             x               x              x              x      4,913,630      2,917,760           59.4
                                 9279                      --            --            --              --             --             --      1,021,970        556,039           54.4
Standard Life & Accident Ins.    1235                      --            --            --              --             --             --      1,646,649        937,077           56.9
 Co.
                                 1219                      --            --            --              --             --             --        473,033        266,081           56.2
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        347,492        167,887           48.3
                                 86M                        x             x             x               x              x              x        608,347        351,424           57.8
Union Fidelity Life Ins. Co. of  8350                 568,095       318,548          56.1         504,602        285,302           56.5             --             --             --
 Trevose
                                 1053                 520,740       307,821          59.1         476,162        271,479           57.0             --             --             --
                                 8550                 315,964       184,660          58.4         279,459        165,187           59.1             --             --             --
United American Ins. Co.         MVXC                 205,239       114,884          56.0               x              x              x              x              x              x
                                 MAXC               4,120,392     2,456,830          59.6               x              x              x              x              x              x
                                 MMS                        x             x             x       4,424,387      2,645,939           59.8      3,851,078      2,160,475           56.1
                                 DMXC-U               569,189       313,209          55.0               x              x              x              x              x              x
World Ins. Co.                   A2480                      x             x             x         269,952        123,945           45.9              x              x              x
                                 A2485                      x             x             x         185,652         88,542           47.7              x              x              x
Indiana
American Republic Ins. Co.       A-2930                    --            --            --              --             --             --        174,737         91,237           52.2
                                 A-2721                     x             x             x         208,718        122,170           58.5        219,448        130,073           59.3
Amer. Family Life Assurance Co.  A-19800                    x             x             x         444,158        264,061           59.5        383,013        203,985           53.3
 of Columbus, GA
                                 A-19000                   --            --            --         646,933        379,946           58.7      1,100,837        631,050           57.3
Associated Doctors H & L Ins.    350                  301,911       176,751          58.5               x              x              x              x              x              x
 Co.
                                 380                  208,411       113,596          54.5              --             --             --             --             --             --
Associated Ins. Co., Inc.        65-013                    --            --            --              --             --             --      3,339,159      1,722,780           51.6
Atlantic American Life Ins. Co.  2083                       x             x             x               x              x              x        888,982        433,044           48.7
Bankers Life & Casualty Co.      GR-75R                     x             x             x               x              x              x     11,193,595      6,468,672           57.8
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --              --             --             --        325,724        181,948           55.9
Combined Ins. Co. of America     8081                 200,762       118,442          59.0         362,291        186,559           51.5        487,017        283,264           58.2
                                 7902                      --            --            --         165,979         84,394           50.8              x              x              x
Commonwealth Life Ins. Co.       500 and 801               --            --            --               x              x              x        983,355        483,246           49.1
Continental General Ins. Co.     323                       --            --            --         211,957        115,636           54.6        176,396         78,375           44.4
First National Life Ins. Co.     9000                      --            --            --         903,010        412,045           45.6             --             --             --
Globe Life & Accident Ins. Co.   MCP-3                217,243       127,375          58.6               x              x              x              x              x              x
Great Fidelity Life Ins. Co.     7340 & 6135\b        373,993       201,788          54.0              --             --             --             --             --             --
Harvest Life Ins. Co.            MSP-7/83                  --            --            --         160,785         91,214           56.7             --             --             --
                                 MSP-1/89                  --            --            --               x              x              x        794,569        402,081           50.6
Integrity National Life Ins.     H-722-0389                --            --            --              --             --             --        523,754        286,064           54.6
 Co.
Mutual of Omaha Ins. Co.         M115 and                  --            --            --         672,051        332,772           49.5      1,035,489        428,220           41.4
                                  others
                                 M1 and others        213,356       119,738          56.1         184,691        106,861           57.9              x              x              x
                                 M3 and others              x             x             x               x              x              x        282,459        152,102           53.8
                                 50/51/52VB                 x             x             x         302,787        163,368           54.0              x              x              x
                                 2CMO and                   x             x             x         159,324         86,270           54.1             --             --             --
                                  others
National Home Life Assurance     NH1380               997,486       569,524          57.1              --             --             --             --             --             --
 Co.
                                 NH 121                    --            --            --              --             --             --        220,362         96,949           44.0
New York Life Ins. Co.           8145                       x             x             x         227,669        110,869           48.7        198,696         76,935           38.7
Physicians Mutual Ins. Co.       P197                      --            --            --               x              x              x        620,230        351,058           56.6
                                 P397/R633                 --            --            --              --             --             --        178,220         94,352           52.9
Standard Life & Accident Ins.    1222                      --            --            --              --             --             --        435,682        193,416           44.4
 Co.
                                 1208                      --            --            --         305,960        170,378           55.7              x              x              x
Union Bankers Ins. Co.           86M                  864,002       489,758          56.7               x              x              x      1,142,364        669,938           58.6
                                 MS-2                      --            --            --               x              x              x      1,453,590        859,158           59.1
Union Fidelity Life Ins. Co. of  8550                 373,827       222,781          59.6         320,664        162,689           50.7             --             --             --
 Trevose
                                 1053                 437,819       175,049          40.0               x              x              x             --             --             --
                                 1042                 251,478       125,867          50.1         204,792        113,118           55.2             --             --             --
                                 8541                 309,408       153,858          49.7               x              x              x             --             --             --
United American Ins. Co.         MC2                       --            --            --              --             --             --        172,115         94,635           55.0
United Farm Bureau Family Life   1                    338,892       201,666          59.5               x              x              x             --             --             --
 Ins. Co.

Iowa
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Family Mutual Ins. Co.  H-65                      --            --            --         228,803        119,042           52.0              x              x              x
American Republic Ins. Co.       A-2777                     x             x             x         174,354         94,072           54.0        179,300         86,373           48.2
                                 A-2721                     x             x             x       1,662,393        947,776           57.0      2,110,394      1,197,230           56.7
                                 A-3041                    --            --            --              --             --             --        360,451        183,076           50.8
American Travellers Life Ins.    ATL-CAT-89                --            --            --              --             --             --        196,742        101,874           51.8
 Co.
Amer. Family Life Assurance Co.  A-19000                   --            --            --         320,870        180,818           56.4        460,701        247,199           53.7
 of Columbus, GA
                                 A-19800              248,890       125,048          50.2               x              x              x        201,631        105,902           52.5
Bankers Life & Casualty Co.      GR-75R            13,039,374     7,728,393          59.3      13,173,117      7,649,736           58.1     11,513,980      6,412,902           55.7
                                 GR-A020                   --            --            --              --             --             --        550,564        316,715           57.5
                                 GR-A002                   --            --            --       2,689,379      1,476,768           54.9      5,236,626      2,764,652           52.8
Colonial Penn Franklin Ins. Co.  10-82-530                 --            --            --              --             --             --        288,373          2,582            0.9
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --              --             --             --        323,501        151,873           46.9
Continental General Ins. Co.     323                       --            --            --         489,166        255,033           52.1        451,211        161,381           35.8
Federal Home Life Ins. Co.       NAC 9987                  --            --            --              --             --             --        249,298        101,740           40.8
                                 NAC 9980                   x             x             x         545,675        319,161           58.5              x              x              x
Hartford Life Ins. Co.           SRP-1261                  --            --            --         188,180        112,634           59.9             --             --             --
Medico Life Ins. Co.             489 POLICY AND            --            --            --         248,677        139,497           56.1              x              x              x
                                  R
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        227,830        119,001           52.2
Mutual of Omaha Ins. Co.         15CMO and            290,704       171,741          59.1         246,768        102,004           41.3        204,984         74,217           36.2
                                  others
                                 M1 and others        325,129       159,137          48.9         283,942        141,559           49.9        249,965        131,753           52.7
                                 M52 and others             x             x             x               x              x              x        996,170        552,538           55.5
                                 C23M and                   x             x             x         154,317         91,124           59.0             --             --             --
                                  others
                                 50/51/52VB           237,947       103,566          43.5         212,185         86,409           40.7        192,382         90,243           46.9
                                 2CMO and             189,888        87,909          46.3         170,286         71,625           42.1        160,977         75,766           47.1
                                  others
                                 M3/M51 and           423,879       224,596          53.0               x              x              x        294,563        136,647           46.4
                                  others
                                 M115 and                  --            --            --         405,344        157,463           38.8        513,099        250,603           48.8
                                  others
Mutual Protective Ins. Co.       489 POLICY AND            --            --            --         308,347        174,364           56.5             --             --             --
                                  R
National Foundation Life Ins.    MS100                150,828        75,146          49.8              --             --             --             --             --             --
 Co.
New York Life Ins. Co.           8145                 413,318       178,471          43.2         403,612        205,392           50.9        376,197        177,899           47.3
Physicians Mutual Ins. Co.       P197                 473,987       283,080          59.7       1,055,194        623,745           59.1      1,414,921        845,826           59.8
                                 P397/R633                 --            --            --              --             --             --        261,631        144,534           55.2
Pioneer Life Ins. Co. of         9161                      --            --            --               x              x              x        952,638        528,118           55.4
 Illinois
                                 9279                      --            --            --              --             --             --        382,498        203,651           53.2
Standard Life & Accident Ins.    1208                      --            --            --              --             --             --        191,381        105,812           55.3
 Co.
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        522,262        279,523           53.5
Union Fidelity Life Ins. Co. of  1053                 164,953        62,276          37.8              --             --             --             --             --             --
 Trevose
                                 8550                 154,599        89,087          57.6              --             --             --             --             --             --
United American Ins. Co.         MC3                       --            --            --               x              x              x        253,465        143,571           56.6
                                 MMS                  973,512       527,862          54.2         806,868        438,941           54.4        666,948        317,124           47.5
                                 MAXC                 583,270       291,106          49.9               x              x              x        412,678        198,889           48.2
                                 MAXC+                      x             x             x         805,777        451,200           56.0              x              x              x
World Ins. Co.                   A2485                165,413        98,120          59.3              --             --             --             --             --             --

Kansas
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Republic Ins. Co.       A-2721                     x             x             x               x              x              x        508,172        292,990           57.7
Amer. Family Life Assurance Co.  A-19000                   --            --            --              --             --             --        239,587        134,484           56.1
 of Columbus, GA
Continental General Ins. Co.     323                       --            --            --         263,245        130,782           49.7        292,807        124,724           42.6
Federal Home Life Ins. Co.       NAC 9987                  --            --            --         236,021         97,952           41.5        523,181        196,223           37.5
                                 NAC 9981                   x             x             x       1,897,143        924,751           48.7      1,705,870        809,890           47.5
Mutual of Omaha Ins. Co.         M115 and                  --            --            --         173,210         80,312           46.4        245,567        117,913           48.0
                                  others
                                 M4/M86 and           410,629       191,741          46.7         383,020        215,349           56.2        341,915        158,109           46.2
                                  others
                                 M2/M84 and                 x             x             x         433,785        248,847           57.4              x              x              x
                                  others
                                 50/51/52VB           202,138       107,117          53.0         189,336        107,236           56.6        158,804         89,878           56.6
Mutual Protective Ins. Co.       489                       --            --            --         156,311         80,613           51.6        259,149        123,553           47.7
Pioneer Life Ins. Co. of         9061                       x             x             x               x              x              x        400,104        228,172           57.0
 Illinois
                                 9161                      --            --            --               x              x              x        547,353        307,535           56.2
United American Ins. Co.         MAXC                 645,517       318,045          49.3         592,299        348,231           58.8        544,905        314,325           57.7
                                 MMS                1,324,645       736,074          55.6               x              x              x      1,125,813        567,846           50.4
                                 MAXC+                653,791       338,934          51.8         586,064        338,849           57.8        490,287        249,505           50.9
                                 MC3                       --            --            --         393,602        221,472           56.3              x              x              x

Kentucky
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Republic Ins. Co.       A-2721               150,285        89,319          59.4         185,919        104,204           56.0        210,299        115,224           54.8
American Travellers Life Ins.    ATL-CAT-89                --            --            --              --             --             --        455,665        265,513           58.3
 Co.
Associated Doctors H & L Ins.    380                  441,154       235,313          53.3         283,592        159,900           56.4              x              x              x
 Co.
Atlantic American Life Ins. Co.  2083                       x             x             x         353,866        187,251           52.9        289,094        163,311           56.5
Bankers Life & Casualty Co.      GR-75R                     x             x             x       1,918,680      1,090,326           56.8      1,835,699      1,001,122           54.5
                                 GR-A002                   --            --            --         171,830        100,518           58.5        388,324        218,949           56.4
Central States H & L Co. of      286                        x             x             x               x              x              x        158,544         82,810           52.2
 Omaha
Community Mutual Ins. Co.        PD010                     --            --            --              --             --             --        194,553        113,036           58.1
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x        398,645        221,024           55.4
Mutual of Omaha Ins. Co.         M2 and others        554,743       240,487          43.4               x              x              x        449,433        208,239           46.3
                                 M115 and                  --            --            --              --             --             --        199,901         92,641           46.3
                                  others
                                 M4,HM17\b            256,237       152,727          59.6               x              x              x        223,895        113,114           50.5
                                 C23M and                   x             x             x         503,112        253,392           50.4              x              x              x
                                  others
National Financial Ins. Co.      GL65-4               188,433        94,747          50.3               x              x              x             --             --             --
National States Ins. Co.         CMS                       --            --            --              --             --             --        168,585         97,038           57.6
Physicians Mutual Ins. Co.       P192                 316,421       167,014          52.8         331,024        157,679           47.6        298,270        159,883           53.6
Pioneer Life Ins. Co. of         9161                       x             x             x               x              x              x      3,484,449      2,059,321           59.1
 Illinois
                                 9061                       x             x             x               x              x              x      1,351,502        708,364           52.4
                                 9279                      --            --            --              --             --             --        682,278        330,789           48.5
Pyramid Life Ins. Co.            H-94                 260,886       134,256          51.5         232,003        109,536           47.2        185,790        108,445           58.4
Standard Life & Accident Ins.    1231                      --            --            --              --             --             --        226,476        133,166           58.8
 Co.
                                 1222                      --            --            --              --             --             --        342,820        175,371           51.2
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        193,096        104,793           54.3
United American Ins. Co.         MAXC                       x             x             x               x              x              x        827,749        435,287           52.6
                                 MVXC                       x             x             x         170,518        100,911           59.2             --             --             --
                                 MC1                       --            --            --              --             --             --        239,078        134,556           56.3
                                 MAXC+                      x             x             x               x              x              x        803,767        429,445           53.4
                                 MMS                        x             x             x         685,189        360,279           52.6              x              x              x
                                 MC3                       --            --            --               x              x              x        642,624        319,093           49.7
                                 MCCAT                     --            --            --              --             --             --        160,997         92,974           57.7

Louisiana
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --         409,362        198,880           48.6              x              x              x
 of Columbus, GA
Atlantic American Life Ins. Co.  MS2083               227,774       136,545          59.9              --             --             --             --             --             --
Bankers Life & Casualty Co.      GR-A002                   --            --            --         541,589        296,823           54.8        994,289        505,831           50.9
                                 CR-93T               214,249       126,980          59.3               x              x              x              x              x              x
                                 GR-75R                     x             x             x       3,403,339      1,960,910           57.6      3,143,106      1,653,146           52.6
Central States H & L Co. of      286                  289,288       163,336          56.5         290,272        136,376           47.0        262,691        139,934           53.3
 Omaha
Combined Ins. Co. of America     7902                      --            --            --         152,705         90,488           59.3             --             --             --
Continental General Ins. Co.     323                       --            --            --               x              x              x        309,823        161,115           52.0
Equitable Life & Casualty Ins.   990                       --            --            --              --             --             --        216,659        115,938           53.5
 Co.
Mutual of Omaha Ins. Co.         50/51/52VB           309,074       126,615          41.0         269,673        138,300           51.3        244,080        135,395           55.5
                                 2/3CMO,20/           261,095       141,119          54.0              --             --             --             --             --             --
                                  22\b
                                 2CMO and                  --            --            --               x              x              x        209,301         85,394           40.8
                                  others
                                 M115 and                  --            --            --               x              x              x        677,673        341,185           50.3
                                  others
National Home Life Assurance     GS 1                       x             x             x         151,401         86,229           57.0             --             --             --
 Co.
                                 NH 121                    --            --            --               x              x              x        422,697        218,524           51.7
New York Life Ins. Co.           8145                 778,662       379,298          48.7               x              x              x              x              x              x
Providential Life Ins. Co.       189                       --            --            --         716,019        402,946           56.3      1,868,555        995,079           53.3
                                 182                        x             x             x               x              x              x      1,660,734        865,118           52.1
Statesman National Life Ins.     P305,P378,P373       165,953        89,779          54.1              --             --             --             --             --             --
 Co.                              \b
                                 MED-484                    x             x             x               x              x              x        188,716         92,308           48.9
                                 P-376,P-             201,218       120,387          59.8              --             --             --             --             --             --
                                  376R\b
United American Ins. Co.         MC3                       --            --            --         543,582        283,646           52.2        746,361        425,814           57.1
                                 MCCAT                     --            --            --              --             --             --        250,028        124,542           49.8
                                 MC7                  217,779       129,386          59.4               x              x              x              x              x              x
                                 MMS                        x             x             x       1,513,972        838,965           55.4      1,359,649        775,243           57.0
                                 MAXC                       x             x             x         600,389        351,277           58.5        577,893        284,806           49.3

Maine
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Travellers Life Ins.    WLH-54               305,611       174,285          57.0               x              x              x              x              x              x
 Co.
Hartford Life Ins. Co.           SRP-1261                  --            --            --         165,445         79,171           47.9             --             --             --
United American Ins. Co.         MAXC                       x             x             x         162,080         67,568           41.7             --             --             --

Maryland
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Integrity Ins. Co.      MMS-84               158,789        57,662          36.3              --             --             --             --             --             --
Amer. Family Life Assurance Co.  A-19000                   --            --            --              --             --             --        236,479         99,669           42.1
 of Columbus, GA
Bankers Life & Casualty Co.      GR-73S               186,281        86,209          46.3               x              x              x             --             --             --
Combined Ins. Co. of America     000014954                 --            --            --              --             --             --        363,161        212,508           58.5
Hartford Life Ins. Co.           SRP-1261                  --            --            --         754,219        362,251           48.0             --             --             --
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x        817,691        466,760           57.1
Mutual of Omaha Ins. Co.         M2/M58 and                 x             x             x         258,350        152,504           59.0              x              x              x
                                  others
                                 M130 and                  --            --            --              --             --             --        167,692         79,503           47.4
                                  others
                                 2CMO and                  --            --            --         177,462        102,920           58.0        176,251         68,313           38.8
                                  others
                                 M4/M60 and                 x             x             x               x              x              x        261,446         81,044           31.0
                                  others
                                 C23M and                   x             x             x         154,263         87,164           56.5             --             --             --
                                  others
                                 50/51/52VB           186,317       102,756          55.2               x              x              x        167,332         85,731           51.2
                                 2/3/34/              193,342       110,214          57.0              --             --             --             --             --             --
                                  35CMO\b
National Foundation Life Ins.    MS-7                      --            --            --              --             --             --        282,167         73,709           26.1
 Co.

Massachusetts
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Blue Cross & Blue Shield of MA   MXLO                 555,085       302,426          54.5              --             --             --             --             --             --
Hartford Life Ins. Co.           SRP-1261                  --            --            --         451,870        270,612           59.9             --             --             --
Mutual of Omaha Ins. Co.         M18 and others             x             x             x         331,631        159,293           48.0              x              x              x
                                 2/3/4/23/            178,768       103,092          57.7              --             --             --             --             --             --
                                  24CMO\b
                                 M17 and others       168,848        98,815          58.5         174,997         87,819           50.2        160,583         87,782           54.7
                                 50/51/52VB                 x             x             x               x              x              x        228,070         89,762           39.4
                                 C23M/C24M\b          155,585        92,912          59.7              --             --             --             --             --             --
                                 2CMO and                  --            --            --         174,473         71,727           41.1              x              x              x
                                  others
National Home Life Assurance     NH 910               361,621       180,849          50.0              --             --             --             --             --             --
 Co.

Michigan
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --               x              x              x        326,746        191,391           58.6
 of Columbus, GA
Colonial Penn Life Ins. Co.      3-82-855                   x             x             x               x              x              x        227,453        130,568           57.4
Continental General Ins. Co.     324                       --            --            --               x              x              x        290,818        146,491           50.4
Golden Rule Ins. Co.             GRI-H-2D                   x             x             x         419,719        236,415           56.3        438,136        238,655           54.5
Harvest Life Ins. Co.            MSP-B-1/89                --            --            --       1,417,563        796,491           56.2      1,090,861        609,674           55.9
Mutual Protective Ins. Co.       489                       --            --            --         313,212        160,716           51.3        438,157        243,020           55.5
National Home Life Assurance     NH 910               154,089        86,215          56.0              --             --             --             --             --             --
 Co.
Pioneer Life Ins. Co. of         9161                      --            --            --              --             --             --        352,017        149,041           42.3
 Illinios
                                 9155                      --            --            --              --             --             --        248,756        134,954           54.3
Statesman National Life Ins.     P-181R                    --            --            --         205,746        101,460           49.3              x              x              x
 Co.
Union Fidelity Life Ins. Co.     1053                       x             x             x         191,319         98,801           51.6             --             --             --
United American Ins. Co.         MBXC                       x             x             x         176,749         97,114           54.9        168,706         95,982           56.9

Minnesota
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Aid Association For Lutherans    4952 THRU 4956            --            --            --              --             --             --        163,712         73,873           45.1
American Republic Ins. Co.       A-2721                     x             x             x         393,320        220,595           56.1        393,876        192,078           48.8
                                 A-2994                    --            --            --              --             --             --        360,684        165,605           45.9
                                 A-2941                    --            --            --         222,181        125,697           56.6              x              x              x
Amer. Family Life Assurance Co.  A-19700                    x             x             x         244,465        134,958           55.2        201,985        114,972           56.9
 of Columbus, GA
                                 A-19800              679,140       298,317          43.9         769,771        453,312           58.9        690,291        379,766           55.0
Bankers Life & Casualty Co.      GR-75M                     x             x             x               x              x              x      1,135,591        627,297           55.2
                                 GR-75R                     x             x             x               x              x              x      9,118,740      5,292,608           58.0
                                 GR-A002                   --            --            --              --             --             --      2,145,432      1,154,092           53.8
Central States H & L Co. of      567                       --            --            --              --             --             --        158,351         88,590           55.9
 Omaha
                                 289                        x             x             x               x              x              x      2,248,583      1,281,672           57.0
                                 288                        x             x             x               x              x              x      2,904,619      1,654,145           56.9
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x        269,681        150,737           55.9
                                 3-82-855                   x             x             x               x              x              x        267,181        139,898           52.4
Continental General Ins. Co.     312                        x             x             x         223,305        130,828           58.6        201,205        119,336           59.3
                                 326                       --            --            --       1,515,214        855,017           56.4      1,129,146        414,161           36.7
                                 331                       --            --            --              --             --             --        678,408        381,691           56.3
                                 316                  370,754       209,286          56.4               x              x              x              x              x              x
Guarantee Trust Life Ins. Co.    85420                      x             x             x         586,007        350,639           59.8        523,081        255,942           48.9
Mennonite Mutual Aid             82530                     --            --            --              --             --             --        209,565        118,208           56.4
 Association
Midamerica Mutual Life Ins. Co.  1101                      --            --            --              --             --             --        336,643        172,442           51.2
Mutual of Omaha Ins. Co.         M2/M22 and         1,162,975       649,610          55.9       1,165,022        684,081           58.7      1,030,921        500,338           48.5
                                  others
                                 15CMO and                  x             x             x         192,342         83,805           43.6        155,776         39,351           25.3
                                  others
                                 M4 and others              x             x             x         834,258        467,307           56.0        712,622        294,835           41.4
                                 50/51/52VB           234,674       126,001          53.7               x              x              x        190,494         75,212           39.5
                                 M138 and                  --            --            --         185,092         71,031           38.4              x              x              x
                                  others
                                 M1/M21\b             159,256        69,694          43.8              --             --             --             --             --             --
National States Ins. Co.         MMS-4                      x             x             x               x              x              x        162,238         82,157           50.6
Physicians Mutual Ins. Co.       P197                      --            --            --               x              x              x        393,812        222,476           56.5
Pyramid Life Ins. Co.            294 and H-94               x             x             x         203,462        115,378           56.7        175,906         89,936           51.1
United American Ins. Co.         MN1                       --            --            --              --             --             --        261,053        117,703           45.1
                                 MBXC                       x             x             x               x              x              x        245,647        113,635           46.3
                                 MMS                        x             x             x       1,825,266        996,016           54.6              x              x              x
                                 MC3                       --            --            --               x              x              x        728,698        409,251           56.2

Mississippi
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American General Life &          6001 M-1                   x             x             x         428,986        206,527           48.1        410,561        211,230           51.4
 Accident Ins. Co.
American Travellers Life Ins.    ATL-CAT-89                --            --            --              --             --             --        247,626        147,405           59.5
 Co.
Amer. Family Life Assurance Co.  A-19000                   --            --            --         571,602        313,902           54.9        986,360        479,331           48.6
 of Columbus, GA
Associated Doctors H & L Ins.    380                  860,692       503,410          58.5               x              x              x              x              x              x
 Co.
Atlantic American Life Ins. Co.  MS2083                     x             x             x         152,114         76,444           50.3             --             --             --
Bankers Life & Casualty Co.      GR-75R                     x             x             x       2,098,375      1,134,803           54.1      1,842,560        979,167           53.1
                                 GR-A020                   --            --            --              --             --             --        224,261        123,869           55.2
                                 GR-A002                   --            --            --         312,783        129,814           41.5        608,955        302,872           49.7
                                 CR-93T               164,874        90,245          54.7         154,186         92,222           59.8             --             --             --
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --              --             --             --        735,000        400,792           54.5
Equitable Life & Casualty Ins.   880                       --            --            --               x              x              x        988,949        588,309           59.5
 Co.
Gulf Life Ins. Co.               MED-1                232,356       101,675          43.8               x              x              x              x              x              x
Humana Insurance Co.             GMSIC-2                   --            --            --         183,885         65,970           35.9        428,644        203,874           47.6
Life Insurance Co. of Georgia    6612                      --            --            --         163,849         70,949           43.3             --             --             --
New York Life Ins. Co.           8145                 235,015       120,971          51.5         235,150        106,731           45.4        217,573        110,055           50.6
Physicians Mutual Ins. Co.       P115                      --            --            --               x              x              x        444,157        255,615           57.6
                                 P192                       x             x             x               x              x              x        766,988        430,718           56.2
Pioneer Life Ins. Co. of         9161                       x             x             x               x              x              x      1,486,327        852,755           57.4
 Illinois
                                 9279                      --            --            --              --             --             --        650,122        351,507           54.1
                                 9061                       x             x             x               x              x              x        639,564        342,237           53.5
Union Fidelity Life Ins. Co. of  1053                       x             x             x         347,414        170,914           49.2             --             --             --
 Trevose
                                 8550                 262,476       148,395          56.5         214,527         92,574           43.2             --             --             --
                                 1042                 233,528       130,314          55.8         205,929         70,479           34.2             --             --             --
United American Ins. Co.         DMC                       --            --            --              --             --             --        162,271         82,363           50.8
                                 MMS                        x             x             x       1,019,545        565,756           55.5        905,465        522,631           57.7
                                 MAXC                       x             x             x         759,015        444,780           58.6        710,156        338,536           47.7
                                 DMXC-U                     x             x             x         277,134        163,400           59.0        242,656         98,877           40.7
                                 MAXC+                803,358       397,730          49.5               x              x              x        624,420        287,298           46.0
                                 MC1                       --            --            --              --             --             --        235,609        122,826           52.1
                                 MC3                       --            --            --               x              x              x        650,986        310,074           47.6
Missouri
American National Ins. Co.       GMS-6                189,953        80,211          42.2              --             --             --             --             --             --
American Republic Ins. Co.       A-2721               673,045       400,260          59.5         997,762        577,325           57.9      1,287,008        770,297           59.9
Amer. Family Life Assurance Co.  A-19000                   --            --            --         179,325         92,063           51.3              x              x              x
 of Columbus, GA
Associated Doctors H & L Ins.    380                  179,535       104,181          58.0              --             --             --             --             --             --
 Co.
Bankers Fidelity Life Ins. Co.   2083                      --            --            --       1,980,910        986,461           49.8      1,509,808        895,814           59.3
                                 MS 3083                   --            --            --         160,805         25,937           16.1             --             --             --
Bankers Life & Casualty Co.      GR-75R                     x             x             x       8,103,741      4,826,018           59.6      7,384,624      4,196,727           56.8
                                 GR-A002                   --            --            --               x              x              x      2,837,383      1,695,791           59.8
Blue Cross & Blue Shield of KC   BCBSKC-MSL-2-              x             x             x         192,768        108,724           56.4             --             --             --
                                  90
Blue Cross & Blue Shield of MO   MC-1                 643,589       355,265          55.2       1,116,245        648,320           58.1      1,373,918        678,162           49.4
                                 UC-24             21,736,241    10,850,866          49.9      20,089,952      8,557,356           42.6     17,772,412      8,135,933           45.8
Central States H & L Co. of      286                  425,840       237,052          55.7               x              x              x              x              x              x
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      2,032,876      1,114,027           54.8
Combined Ins. Co. of America     000014954                 --            --            --              --             --             --        161,193         95,421           59.2
Continental General Ins. Co.     323                       --            --            --         190,922         98,473           51.6        232,059        106,122           45.7
Equitable Life & Casualty Ins.   700                        x             x             x         580,422         21,228            3.7        490,129        289,829           59.1
 Co.
Guarantee Trust Life Ins. Co.    89420                     --            --            --               x              x              x        349,933        207,424           59.3
Medico Life Ins. Co.             489 POLICY AND            --            --            --         194,617        115,581           59.4              x              x              x
                                  R
Mutual of Omaha Ins. Co.         M4/M78\b             618,669       332,387          53.7               x              x              x              x              x              x
                                 15CMO and            453,036       232,162          51.2               x              x              x        343,655        111,068           32.3
                                  others
                                 M2/M76\b             783,999       404,314          51.6               x              x              x              x              x              x
                                 50VB/51VB/           596,759       303,650          50.9               x              x              x              x              x              x
                                  52VB\b
                                 M101 and                   x             x             x         245,991        121,342           49.3              x              x              x
                                  others
                                 2/3/4CMO,20/         646,144       317,240          49.1              --             --             --             --             --             --
                                  22\b
                                 M1/M75 and           267,634       101,493          37.9         228,327        134,706           59.0        192,674         90,869           47.2
                                  others
                                 C23M and                   x             x             x               x              x              x        736,638        421,061           57.2
                                  others
                                 M3/M77 and                 x             x             x         195,812         90,802           46.4        166,014         39,521           23.8
                                  others
                                 M115 and                  --            --            --         569,954        328,113           57.6              x              x              x
                                  others
Mutual Protective Ins. Co.       489                       --            --            --         253,122        141,026           55.7        216,352         79,127           36.6
National Home Life Assurance     NH 121                    --            --            --              --             --             --        350,861        175,173           49.9
 Co.
New York Life Ins. Co.           8145                       x             x             x         570,226        335,068           58.8        545,610        298,392           54.7
Physicians Mutual Ins. Co.       P197                 171,050        88,780          51.9               x              x              x              x              x              x
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        787,162        371,363           47.2
 Illinois
                                 9061                       x             x             x               x              x              x      1,284,077        732,275           57.0
                                 8916                       x             x             x               x              x              x        263,393        142,981           54.3
Pyramid Life Ins. Co.            G-10                 271,020       144,635          53.4               x              x              x              x              x              x
Shelter Life Ins. Co.            H-746.0                   --            --            --         432,353        213,200           49.3        400,120        199,312           49.8
                                 H-746.4                    x             x             x         175,286         77,382           44.1              x              x              x
Standard Life & Accident Ins.    1231                      --            --            --              --             --             --        459,650        270,764           58.9
 Co.
State Farm Mutual Automobile     97049                     --            --            --              --             --             --        165,835         98,715           59.5
 Ins. Co.
Union Bankers Ins. Co.           MS-2                      --            --            --               x              x              x        700,709        359,539           51.3
Union Fidelity Life Ins. Co. of  1042                 349,839       187,443          53.6               x              x              x             --             --             --
 Trevose
                                 1053               1,070,597       534,834          50.0               x              x              x              x              x              x
                                 8550                 258,051       142,249          55.1               x              x              x             --             --             --
United American Ins. Co.         MMS                        x             x             x               x              x              x      2,329,888      1,277,389           54.8
                                 DMC                       --            --            --              --             --             --        218,038         87,083           39.9
                                 MC1                       --            --            --         186,546        109,956           58.9        378,248        226,093           59.8
                                 MAXC                       x             x             x               x              x              x      1,598,976        918,311           57.4
                                 MC3                       --            --            --               x              x              x      1,624,902        960,185           59.1
                                 MBXC                 205,026       115,044          56.1               x              x              x             --             --             --
World Ins. Co.                   A2485                158,557        52,092          32.9               x              x              x              x              x              x
                                 A2480                852,521       420,644          49.3         800,468        378,657           47.3              x              x              x

Montana
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Republic Ins. Co.       A-2721                    --            --            --              --             --             --        175,077         84,641           48.3
Bankers Life & Casualty Co.      GR-A002                   --            --            --         497,816        259,647           52.2        861,991        434,177           50.4
                                 GR-75R                     x             x             x       3,059,964      1,691,357           55.3      2,838,092      1,418,799           50.0
Continental General Ins. Co.     323                       --            --            --         177,880         92,864           52.2        247,439        116,839           47.2
Equitable Life & Casualty Ins.   700                  317,911       177,714          55.9               x              x              x        218,937        119,230           54.5
 Co.
Federal Home Life Ins. Co.       NAC 9942                  --            --            --               x              x              x        367,489        171,418           46.6
Medico Life Ins. Co.             489                       --            --            --              --             --             --        259,570        124,488           48.0
Mutual of Omaha Ins. Co.         M4 and others        269,905       128,622          47.7               x              x              x        187,022         82,839           44.3
                                 M2\b                 157,611        92,446          58.7              --             --             --             --             --             --
Mutual Protective Ins. Co.       489                       --            --            --              --             --             --        237,394        130,999           55.2
New York Life Ins. Co.           8145                       x             x             x               x              x              x        214,596        103,059           48.0
Physicians Mutual Ins. Co.       P393/R620                  x             x             x               x              x              x        152,751         90,523           59.3
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        304,235        145,840           47.9
 Illinois
                                 9161                      --            --            --               x              x              x        391,915        230,394           58.8
Standard Life & Accident Ins.    1222                      --            --            --              --             --             --        160,151         72,476           45.3
 Co.
United American Ins. Co.         MAXC                       x             x             x         200,305        112,106           56.0              x              x              x
                                 MMS                        x             x             x         573,776        290,411           50.6        474,510        271,416           57.2
                                 MAXC+                      x             x             x               x              x              x        406,300        211,306           52.0

Nebraska
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Republic Ins. Co.       A-2721                     x             x             x         498,691        265,887           53.3        469,961        212,791           45.3
                                 A-2930                    --            --            --               x              x              x        314,095        163,546           52.1
Bankers Fidelity Life Ins. Co.   2083                      --            --            --         600,993        330,433           55.0        485,980        264,922           54.5
Bankers Life & Casualty Co.      GR-A002                   --            --            --               x              x              x      2,242,385      1,228,843           54.8
                                 GR-A020                   --            --            --              --             --             --        625,595        349,667           55.9
                                 GR-75R             3,177,743     1,742,603          54.8       3,481,168      1,881,951           54.1      3,284,819      1,616,930           49.2
                                 GR-73S                     x             x             x               x              x              x        504,529        234,270           46.4
Blue Cross & Blue Shield of      9760(I)                    x             x             x         830,790        480,291           57.8              x              x              x
 Nebraska
                                 9600-005                  --            --            --       1,552,564        405,596           26.1             --             --             --
Central States H & L Co. of      286                  583,661       243,575          41.7         554,064        275,533           49.7        471,368        198,939           42.2
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x        439,105        208,457           47.5
                                 3-82-855                   x             x             x               x              x              x        195,410         79,285           40.6
Continental General Ins. Co.     309                        x             x             x         382,451        218,231           57.1        401,987        233,189           58.0
                                 323                       --            --            --       1,385,776        756,501           54.6      1,649,249        704,484           42.7
                                 314                  229,683       119,269          51.9               x              x              x        222,634         91,187           41.0
                                 332                       --            --            --              --             --             --        181,726         67,181           37.0
Harvest Life Ins. Co.            MSP-1/89                  --            --            --         378,161        173,890           46.0        319,601        141,353           44.2
Medico Life Ins. Co.             489                       --            --            --         307,368        176,700           57.5        381,818        194,190           50.9
Mutual of Omaha Ins. Co.         50/51/52VB           302,380       145,814          48.2         290,277        164,233           56.6        269,805        134,014           49.7
                                 M1\b                 160,609        60,781          37.8              --             --             --             --             --             --
                                 2CMO and                  --            --            --         204,202         64,911           31.8        182,591         68,912           37.7
                                  others
                                 M2 and others        728,779       371,154          50.9         697,846        405,111           58.1              x              x              x
                                 M3 and others        230,094        93,159          40.5         203,143        118,919           58.5              x              x              x
                                 C23M and             204,743       104,680          51.1         212,777        117,923           55.4        205,424        113,649           55.3
                                  others
                                 15/16CMO\b           210,022        86,714          41.3               x              x              x             --             --             --
                                 MSE                        x             x             x         168,532         99,736           59.2             --             --             --
                                 M115 and                  --            --            --         396,851        229,335           57.8        522,409        216,866           41.5
                                  others
                                 M4 and others        969,234       558,900          57.7               x              x              x        655,339        283,632           43.3
                                 2/3/4/30/            235,259       100,217          42.6              --             --             --             --             --             --
                                  31CMO\b
Mutual Protective Ins. Co.       489                       --            --            --               x              x              x        531,250        239,379           45.1
                                 487                  185,747        83,883          45.2               x              x              x             --             --             --
National Foundation Life Ins.    MS100                179,331        98,729          55.1         152,524         89,613           58.8             --             --             --
 Co.
National Home Life Assurance     GS 1                 190,608       113,179          59.4         179,297         73,788           41.2             --             --             --
 Co.
National States Ins. Co.         RMS                       --            --            --         171,226        101,743           59.4             --             --             --
New York Life Ins. Co.           8145                 208,047        79,514          38.2         219,581        104,803           47.7              x              x              x
Physicians Mutual Ins. Co.       P197                       x             x             x               x              x              x      1,568,432        895,374           57.1
                                 P115                      --            --            --               x              x              x        520,169        267,529           51.4
                                 P397/R633                 --            --            --              --             --             --        280,038        148,290           53.0
Pioneer Life Ins. Co. of         9161                      --            --            --               x              x              x      1,158,814        624,526           53.9
 Illinois
                                 9061                       x             x             x               x              x              x        360,928        192,144           53.2
                                 9279                      --            --            --              --             --             --        662,161        292,835           44.2
State Farm Mutual Automobile     97046                      x             x             x         462,608        245,049           53.0        713,933        422,547           59.2
 Ins. Co.
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        676,004        345,190           51.1
Union Fidelity Life Ins. Co. of  1053                 212,770        84,116          39.5         185,478         85,122           45.9             --             --             --
 Trevose
United American Ins. Co.         MAXC                 308,825       178,082          57.7         277,199        119,476           43.1        225,490        116,995           51.9
                                 MMS                1,092,647       616,598          56.4               x              x              x        822,797        396,448           48.2
                                 MAXC+                831,226       383,715          46.2               x              x              x              x              x              x
                                 MC3                       --            --            --               x              x              x        394,274        180,402           45.8
World Insurance Co.              A2485                235,068       127,820          54.4         183,150         97,206           53.1             --             --             --

Nevada
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-73S                     x             x             x         159,346         90,595           56.9        152,218         68,479           45.0
                                 GR-75R                     x             x             x         477,195        241,940           50.7        443,720        229,516           51.7
                                 GR-A002                   --            --            --              --             --             --        256,896        152,906           59.5
Blue Cross/Blue Shield Plan of   82171                     --            --            --         408,173        242,332           59.4        579,639        329,565           56.9
 Nevada
                                 82172                     --            --            --         318,605        189,155           59.4        366,813        208,559           56.9
Continental General Ins. Co.     323                       --            --            --              --             --             --        164,747         98,224           59.6
Equitable Life & Casualty Ins.   880                       --            --            --              --             --             --        446,681        252,448           56.5
 Co.
Mutual of Omaha Ins. Co.         M2 and others              x             x             x         266,332        120,386           45.2              x              x              x
                                 M4 and others              x             x             x               x              x              x        169,937         83,707           49.3
New York Life Ins. Co.           8145                 186,428        95,815          51.4         210,969         92,883           44.0        206,925        111,144           53.7
Standard Life & Accident Ins.    1238                      --            --            --              --             --             --        266,361        141,162           53.0
 Co.
                                 1231                      --            --            --         337,898        179,948           53.3        326,819        167,046           51.1
United American Ins. Co.         MAXC+                      x             x             x         288,736        152,012           52.6              x              x              x
                                 MAXC                       x             x             x         343,956        203,713           59.2              x              x              x
                                 MC3                       --            --            --         325,663        183,060           56.2              x              x              x
                                 MMS                        x             x             x         893,014        460,998           51.6        769,530        452,669           58.8

New Hampshire
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-A002                   --            --            --         504,960        260,540           51.6      1,847,153        910,115           49.3
                                 GR-75R                     x             x             x               x              x              x      2,214,103      1,294,293           58.5
Blue Cross & Blue Shield of New  061.066                    x             x             x       3,507,135      1,910,188           54.5              x              x              x
 Hampshire                        (MEDICOMP)

New Jersey
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Colonial Penn Franklin Ins. Co.  10-82-460            337,046       196,982          58.4              --             --             --             --             --             --
Combined Ins. Co. of America     7902                      --            --            --         209,462        120,189           57.4              x              x              x
Mutual of Omaha Ins. Co.         C23M and                   x             x             x               x              x              x        260,943        116,091           44.5
                                  others
National Foundation Life Ins.    MS-85-P                   --            --            --              --             --             --        306,269        182,895           59.7
 Co.
National Home Life Assurance     NH 910               466,818       262,120          56.2              --             --             --             --             --             --
 Co.
                                 NH1380             1,137,591       634,745          55.8              --             --             --             --             --             --
Union Fidelity Life Ins. Co. of  1042                 211,778        91,959          43.4         188,388         77,666           41.2             --             --             --
 Trevose
                                 8550                 496,424       241,919          48.7         413,173        232,654           56.3             --             --             --
                                 1053                 443,386       208,943          47.1         396,519        160,450           40.5             --             --             --

New Mexico
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Fidelity Life Ins. Co.   MS1083               199,646       116,113          58.2              --             --             --             --             --             --
Bankers Life & Casualty Co.      GR-A002                   --            --            --              --             --             --        266,452        139,112           52.2
                                 GR-75R                     x             x             x         557,687        291,888           52.3        500,980        246,779           49.3
Equitable Life & Casualty Ins.   700                        x             x             x               x              x              x        213,947        102,665           48.0
 Co.
Mutual of Omaha Ins. Co.         M2 and others              x             x             x         180,304         66,347           36.8        178,141         69,600           39.1
National Home Life Assurance     NH1380               252,680       117,411          46.5              --             --             --             --             --             --
 Co.
New Mexico Blue Cross & Blue     M296                       x             x             x               x              x              x        445,502        250,729           56.3
 Shield, Inc.
New York Life Ins. Co.           8145                       x             x             x               x              x              x        181,107         98,049           54.1
Pioneer Life Ins. Co. of         9061                       x             x             x               x              x              x        211,402        122,093           57.8
 Illinois
State Farm Mutual Automobile     97046                     --            --            --               x              x              x        256,503        143,096           55.8
 Ins. Co.
                                 97033                      x             x             x               x              x              x        249,896        139,243           55.7
Union Fidelity Life Ins. Co. of  1053                 153,956        73,759          47.9              --             --             --             --             --             --
 Trevose
United American Ins. Co.         MAXC+                348,977       191,363          54.8               x              x              x        264,051        134,418           50.9
                                 MC3                       --            --            --         348,063        155,527           44.7              x              x              x

New York
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Aetna Life Insurance & Annuity   24310                175,602        77,166          43.9              --             --             --             --             --             --
 Co.
Colonial Penn Franklin Ins. Co.  10-82-316            274,422       141,628          51.6              --             --             --             --             --             --
First United American Life Ins.  NY-MAXC              271,111       136,584          50.4               x              x              x              x              x              x
 Co.
Mutual of Omaha Ins. Co.         50/51/52VB                 x             x             x       1,799,040      1,040,510           57.8              x              x              x
                                 M23 and others             x             x             x               x              x              x        269,208        158,383           58.8
                                 M25 and others             x             x             x         481,923        251,215           52.1        347,326        192,416           55.4
New York Life Ins. Co.           8147                       x             x             x         508,265        292,628           57.6              x              x              x

North Carolina
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19800                    x             x             x         292,657        144,254           49.3        258,397        109,874           42.5
 of Columbus, GA
                                 A-19000                   --            --            --         832,899        414,667           49.8      1,262,862        614,783           48.7
Bankers Fidelity Life Ins. Co.   2083                      --            --            --         569,271        239,143           42.0        437,119        200,095           45.8
                                 MS1083               808,485       460,529          57.0              --             --             --             --             --             --
Bankers Life & Casualty Co.      GR-73S               683,621       381,046          55.7         597,180        330,733           55.4        557,730        331,497           59.4
                                 GR-75R                     x             x             x       3,135,325      1,873,005           59.7      2,804,236      1,523,298           54.3
                                 GR-A002                   --            --            --         992,472        508,338           51.2      1,911,883        964,272           50.4
Blue Cross & Blue Shield of NC   M148              13,086,411     7,106,684          54.3               x              x              x             --             --             --
                                 M145                 299,012       135,033          45.2               x              x              x             --             --             --
                                 M3                   226,687       118,026          52.1               x              x              x             --             --             --
Central States H & L Co. of      286                        x             x             x         288,668        154,690           53.6        232,947        130,981           56.2
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      1,247,269        639,755           51.3
Combined Ins. Co. of America     8081                      --            --            --         215,570        105,224           48.8        183,014        100,728           55.0
                                 8061                      --            --            --         179,793         92,449           51.4              x              x              x
Continental General Ins. Co.     323                       --            --            --         289,045        156,041           54.0        279,394        128,097           45.8
                                 390                       --            --            --         178,428         97,480           54.6        172,927         81,910           47.4
Globe Life & Accident Ins. Co.   MCP-3                392,324       214,256          54.6               x              x              x              x              x              x
Gulf Life Ins. Co.               737 L&C                    x             x             x         394,911        234,392           59.4              x              x              x
Hartford Life Ins. Co.           SRP-1261                  --            --            --         845,316        486,898           57.6             --             --             --
Integrity National Life Ins.     H-740-0490                --            --            --              --             --             --        195,302        113,265           58.0
 Co.
Liberty Life Ins. Co.            894                        x             x             x               x              x              x        797,774        408,075           51.2
                                 868                       --            --            --              --             --             --        201,974         62,777           31.1
                                 873                        x             x             x               x              x              x      1,528,305        808,327           52.9
Life Insurance Co. of Georgia    6610                       x             x             x         372,977        214,212           57.4              x              x              x
Mutual of Omaha Ins. Co.         M27 and others       238,213       132,862          55.8         200,702         82,051           40.9        172,866         71,921           41.6
                                 50/51/52VB           634,923       359,385          56.6         566,458        301,831           53.3              x              x              x
                                 M28 and others       598,331       324,154          54.2         536,025        278,876           52.0              x              x              x
                                 11CMO and            217,218        92,484          42.6         181,282         68,986           38.1             --             --             --
                                  others
                                 M152 and                  --            --            --              --             --             --        352,184        197,478           56.1
                                  others
                                 M30 and others       184,405        79,173          42.9               x              x              x        152,099         86,081           56.6
                                 M115 and                  --            --            --              --             --             --        221,975        131,084           59.1
                                  others
National Financial Ins. Co.      G764                       x             x             x         325,001        189,890           58.4              x              x              x
                                 MG-82                188,345       100,133          53.2         173,003         95,121           55.0              x              x              x
                                 MS86R                392,111       229,432          58.5               x              x              x        340,026        190,191           55.9
                                 GL65                 303,333       168,685          55.6         240,772         94,672           39.3              x              x              x
National Home Life Assurance     NH1380             2,384,109     1,426,468          59.8              --             --             --             --             --             --
 Co.
                                 NH 910               259,767       147,828          56.9              --             --             --             --             --             --
                                 NH 121                    --            --            --         222,459        107,489           48.3        201,949        106,341           52.7
New York Life Ins. Co.           8145                 310,895       179,601          57.8         287,456        168,945           58.8              x              x              x
Physicians Mutual Ins. Co.       MOVE-INS                  --            --            --         280,938        149,820           53.3             --             --             --
                                 P393/R622                  x             x             x               x              x              x        305,322        174,129           57.0
                                 P192                       x             x             x              --             --             --        256,575        108,708           42.4
Pioneer Life Ins. Co. of         9161                      --            --            --               x              x              x      4,322,814      2,551,541           59.0
 Illinois
Savers Life Ins. Co.             MS2-9001                   x             x             x         656,306        354,215           54.0              x              x              x
                                 MS1-9001                  --            --            --         157,017         77,008           49.0              x              x              x
Standard Life & Accident Ins.    1239                      --            --            --              --             --             --      2,127,906      1,188,496           55.9
 Co.
                                 1231                      --            --            --         611,235        362,377           59.3        486,858        204,229           41.9
                                 1208                      --            --            --              --             --             --        616,804        311,383           50.5
State Farm Mutual Automobile     97046                      x             x             x         399,512        231,289           57.9              x              x              x
 Ins. Co.
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        749,801        444,988           59.3
Union Fidelity Life Ins. Co. of  1053               1,062,495       543,004          51.1         842,847        409,873           48.6        162,581         79,133           48.7
 Trevose
                                 8550                      --            --            --         615,280        360,023           58.5             --             --             --
                                 1042                       x             x             x         479,799        275,692           57.5             --             --             --
United American Ins. Co.         MAXC+                      x             x             x               x              x              x      1,306,223        626,187           47.9
                                 MBXC                 181,451       101,867          56.1         162,194         95,199           58.7             --             --             --
                                 MC3                       --            --            --         842,921        467,430           55.5      1,918,093        948,962           49.5
                                 DMC                       --            --            --         182,122         81,604           44.8        376,889        210,652           55.9
                                 MMS                1,819,947       915,451          50.3       1,503,040        692,314           46.1      1,290,454        683,979           53.0
                                 MC1                       --            --            --               x              x              x        653,688        345,643           52.9
                                 MAXC                       x             x             x               x              x              x      1,953,210      1,125,022           57.6
United Family Life Ins. Co.      AA31                 355,494       182,379          51.3               x              x              x              x              x              x
World Insurance Co.              A2485                      x             x             x         271,629        101,903           37.5              x              x              x
                                 A2480                424,436       251,876          59.3         337,429        150,492           44.6              x              x              x
North Dakota
American Republic Ins. Co.       A-2721                    --            --            --               x              x              x        386,983        189,496           49.0
Amer. Family Life Assurance Co.  A-19000                   --            --            --              --             --             --        199,172         81,904           41.1
 of Columbus, GA
Bankers Life & Casualty Co.      GR-75R                     x             x             x       1,001,563        535,992           53.5      1,061,647        556,529           52.4
Colonial Penn Life Ins. Co.      3-82-855                   x             x             x               x              x              x        154,944         60,526           39.1
                                 4-82-595                  --            --            --               x              x              x        467,225        246,568           52.8
Equitable Life & Casualty Ins.   880                       --            --            --              --             --             --        651,376        379,232           58.2
 Co.
Harvest Life Ins. Co.            MSP-1/89                  --            --            --              --             --             --        160,644         62,649           39.0
Mutual of Omaha Ins. Co.         M2 and others        248,285       117,778          47.4               x              x              x        220,433        105,812           48.0
Mutual Protective Ins. Co.       489                       --            --            --              --             --             --        194,913        108,425           55.6
State Farm Mutual Automobile     97033                      x             x             x               x              x              x        472,565        266,199           56.3
 Ins. Co.
United American Ins. Co.         MAXC+                657,200       378,092          57.5         575,205        313,921           54.6        468,480        233,503           49.8
                                 MAXC                 639,383       291,065          45.5         564,109        301,832           53.5        477,676        191,163           40.0
                                 MMS                        x             x             x         652,705        387,640           59.4        586,361        248,479           42.4
                                 MC3                       --            --            --              --             --             --        201,635        120,257           59.6

Ohio
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Acceleration Life Ins. Co.       AMSP-511             444,742       252,559          56.8         311,323        156,288           50.2             --             --             --
                                 AMSP-1100 1/              --            --            --         285,365        163,929           57.4              x              x              x
                                  89
American Travellers Life Ins.    ATL-CAT-89                --            --            --         157,604         79,826           50.6        227,926        130,731           57.4
 Co.
Amer. Family Life Assurance Co.  A-19000                   --            --            --               x              x              x      1,447,093        853,992           59.0
 of Columbus, GA
                                 A-19800              190,621       112,801          59.2         165,295         97,996           59.3        152,621         81,274           53.3
Auto-Owners Life Ins. Co.        50431                     --            --            --         171,226         95,441           55.7              x              x              x
Bankers Life & Casualty Co.      P1-67720                  --            --            --               x              x              x        455,187        242,490           53.3
                                 P1-56566                  --            --            --         216,718        114,412           52.8        267,853        132,010           49.3
                                 GR-73S                     x             x             x               x              x              x      1,028,107        588,620           57.3
                                 GR-A020                   --            --            --              --             --             --        937,578        494,214           52.7
                                 GR-A002                   --            --            --       1,239,053        715,036           57.7      2,344,770      1,283,561           54.7
Blue Cross & Blue Shield Mutual  NG8902-E                  --            --            --              --             --             --        198,000        109,000           55.1
 of Ohio
                                 NG8903-                   --            --            --               x              x              x      3,727,000      2,162,000           58.0
                                  E,NG8806\b
Central States H & L Co. of      286                  473,733       242,515          51.2               x              x              x        354,831        139,789           39.4
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x        888,457        480,100           54.0
Combined Ins. Co. of America     7902                      --            --            --               x              x              x        300,895        173,592           57.7
Community Mutual Ins. Co.        PD010                     --            --            --       4,374,118      2,337,859           53.4      3,743,594      2,166,115           57.9
Continental General Ins. Co.     323                       --            --            --         217,996        126,593           58.1        287,307        135,479           47.2
Golden Rule Ins. Co.             GRI-H-12.2P               --            --            --              --             --             --        189,733        113,388           59.8
Guarantee Trust Life Ins. Co.    85420                      x             x             x         376,948        220,562           58.5        290,760        150,080           51.6
                                 89420                     --            --            --               x              x              x        159,088         74,689           46.9
Hartford Life Ins. Co.           SRP-1261                  --            --            --         517,764        300,936           58.1             --             --             --
Harvest Life Ins. Co.            MSP-3/90                  --            --            --              --             --             --        168,295         93,438           55.5
                                 MSP-1/89                  --            --            --         727,975        411,235           56.5        688,418        318,512           46.3
Mutual of Omaha Ins. Co.         50/51/52VB                 x             x             x         356,220        211,203           59.3        301,145        172,692           57.3
                                 MSE                        x             x             x               x              x              x        268,326         95,138           35.5
                                 M1 and others              x             x             x         397,442        215,251           54.2        360,920        174,915           48.5
                                 M115 and                  --            --            --         388,698        195,388           50.3        605,376        299,262           49.4
                                  others
                                 C23M and                   x             x             x               x              x              x        583,417        331,666           56.8
                                  others
                                 15CMO and            396,511       224,174          56.5         368,198        160,875           43.7              x              x              x
                                  others
                                 M154 and                  --            --            --              --             --             --        189,158        101,575           53.7
                                  others
                                 M3 and others              x             x             x               x              x              x        320,430        177,113           55.3
Mutual Protective Ins. Co.       990                       --            --            --              --             --             --        173,377         94,506           54.5
                                 489                       --            --            --         526,318        284,291           54.0        825,420        493,999           59.8
                                 488                        x             x             x         152,204         77,252           50.8             --             --             --
National Foundation Life Ins.    MS-7                      --            --            --              --             --             --        573,958        312,221           54.4
 Co.
National Home Life Assurance     NH 910               442,133       237,079          53.6              --             --             --             --             --             --
 Co.
Physicians Mutual Ins. Co.       P115                      --            --            --         322,012        183,192           56.9              x              x              x
                                 P197                       x             x             x               x              x              x      1,308,632        723,296           55.3
                                 P192                       x             x             x               x              x              x        723,378        417,862           57.8
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        661,468        342,361           51.8
 Illinois
                                 9161                       x             x             x               x              x              x      1,477,035        767,265           51.9
Standard Life & Accident Ins.    1222                      --            --            --              --             --             --        945,357        542,795           57.4
 Co.
                                 1208                      --            --            --              --             --             --        386,899        228,422           59.0
                                 1238                      --            --            --              --             --             --      2,009,630      1,065,964           53.0
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        350,039        199,919           57.1
Union Fidelity Life Ins. Co. of  1042                       x             x             x         377,779        196,030           51.9             --             --             --
 Trevose
                                 8550                 526,472       305,807          58.1               x              x              x             --             --             --
                                 1053               1,087,598       556,180          51.1       1,029,846        468,459           45.5        193,287         77,941           40.3
United American Ins. Co.         MC3                       --            --            --               x              x              x      3,273,583      1,879,456           57.4
                                 MAXC+                      x             x             x               x              x              x      2,206,171      1,193,653           54.1
                                 DMXC-U                     x             x             x               x              x              x        335,001        185,787           55.5
                                 MMS                        x             x             x       3,657,936      2,138,645           58.5      3,118,072      1,663,825           53.4
                                 MAXC                       x             x             x               x              x              x      2,224,131      1,325,180           59.6
                                 MC2                       --            --            --              --             --             --        224,040        104,474           46.6
                                 DMC                       --            --            --              --             --             --        315,975        148,106           46.9
                                 MCCAT                     --            --            --              --             --             --        800,084        332,777           41.6
                                 MBXC                       x             x             x         307,364        176,433           57.4              x              x              x

Oklahoma
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --               x              x              x        226,237         98,533           43.6
 of Columbus, GA
Bankers Life & Casualty Co.      GR-75R                     x             x             x       3,384,401      1,921,491           56.8      3,358,565      1,732,479           51.6
                                 GR-A020                   --            --            --              --             --             --        192,110        114,378           59.5
                                 GR-A002                   --            --            --         406,453        222,982           54.9        691,899        378,707           54.7
                                 GR-73S                     x             x             x         456,132        264,447           58.0        441,101        251,283           57.0
Continental General Ins. Co.     323                       --            --            --         225,485        128,124           56.8        242,788        108,404           44.6
Equitable Life & Casualty Ins.   990                       --            --            --              --             --             --        308,442        178,358           57.8
 Co.
Globe Life & Accident Ins. Co.   MCP-3                267,287       153,721          57.5               x              x              x              x              x              x
Group Health Service of          4.021-1                   --            --            --         159,491         80,262           50.3              x              x              x
 Oklahoma, Inc.
Guarantee Trust Life Ins. Co.    85420                      x             x             x               x              x              x        254,407        103,031           40.5
                                 89420                     --            --            --         155,184         75,387           48.6        245,131        128,797           52.5
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        193,399        114,553           59.2
Mutual of Omaha Ins. Co.         M115 and                  --            --            --         498,833        275,523           55.2        678,962        331,384           48.8
                                  others
                                 50/51/52VB           192,331        89,885          46.7         165,976         47,252           28.5        153,064         33,294           21.8
                                 M2 and others      1,473,297       749,847          50.9       1,309,965        722,283           55.1      1,228,942        548,676           44.6
                                 M4 and others        693,682       353,904          51.0               x              x              x        549,431        225,549           41.1
New York Life Ins. Co.           8145                 175,818        63,716          36.2         171,982         93,825           54.6        157,250         86,242           54.8
Old Surety Life Ins. Co.         MS                 1,321,278       758,574          57.4               x              x              x      1,911,890      1,047,921           54.8
Pioneer Life Ins. Co. of         9061                       x             x             x               x              x              x        630,065        309,204           49.1
 Illinois
                                 9161                       x             x             x               x              x              x      1,192,699        645,844           54.1
                                 9279                      --            --            --              --             --             --        281,891        124,970           44.3
Reserve National Ins. Co.        MCS-86                    --            --            --              --             --             --        398,135        207,433           52.1
Standard Life & Accident Ins.    1222                      --            --            --         372,618        195,252           52.4        339,562        169,842           50.0
 Co.
                                 1238                      --            --            --              --             --             --      1,448,822        867,308           59.9
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        186,920        111,135           59.5
                                 86M                        x             x             x               x              x              x        891,168        509,717           57.2
Union Fidelity Life Ins. Co. of  1042                 202,263       111,002          54.9         171,906         85,850           49.9             --             --             --
 Trevose
                                 1053                       x             x             x         383,554        229,766           59.9             --             --             --
United American Ins. Co.         MAXC                       x             x             x         384,988        213,488           55.5        328,417        190,164           57.9
                                 DMXC-U               169,916        80,910          47.6              --             --             --             --             --             --
                                 MAXC+                790,530       443,828          56.1         738,130        373,187           50.6        659,430        345,879           52.5
                                 MC3                       --            --            --         340,624        127,308           37.4        469,887        263,109           56.0
                                 MCCAT                     --            --            --              --             --             --        176,688        100,182           56.7
                                 MMS                1,337,470       726,649          54.3       1,121,139        522,618           46.6        920,089        502,140           54.6
Western Farm Bureau Life Ins.    HIP02                      x             x             x               x              x              x        305,002        154,978           50.8
 Co.

Oregon
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --              --             --             --        174,441         94,939           54.4
 of Columbus, GA
Bankers Life & Casualty Co.      GR-A002                   --            --            --         601,636        283,813           47.2      1,813,366        946,665           52.2
                                 GR-A020                   --            --            --              --             --             --        206,845        108,534           52.5
                                 GR-75R                     x             x             x       5,386,686      2,902,342           53.9      4,915,764      2,273,109           46.2
                                 GR-73S                     x             x             x               x              x              x        482,023        270,697           56.2
Colonial Penn Life Ins. Co.      3-82-855                   x             x             x               x              x              x        184,021         78,740           42.8
Combined Ins. Co. of America     8061                      --            --            --         165,878         97,414           58.7             --             --             --
Federal Home Life Ins. Co.       NAC 9930                   x             x             x               x              x              x        481,410        281,951           58.6
First National Life Ins. Co.     9000                      --            --            --         778,681        417,407           53.6             --             --             --
Mutual of Omaha Ins. Co.         M94 and others       502,470       290,676          57.8         490,223        275,364           56.2        420,053        226,502           53.9
                                 15CMO and                  x             x             x               x              x              x        190,284         88,765           46.6
                                  others
                                 50/51/52VB           177,141        74,785          42.2         156,221         71,747           45.9             --             --             --
                                 M96 and others       279,313       152,179          54.5               x              x              x        208,762        107,847           51.7
Mutual Protective Ins. Co.       489                       --            --            --               x              x              x        181,270         89,198           49.2
National Foundation Life Ins.    MS100                      x             x             x         761,353        449,634           59.1              x              x              x
 Co.
New York Life Ins. Co.           8145                       x             x             x               x              x              x        189,918         88,329           46.5
Pyramid Life Ins. Co.            G-10                 177,631       101,089          56.9         166,133         97,621           58.8             --             --             --
                                 H-94                       x             x             x               x              x              x        167,226         98,224           58.7
Standard Life & Accident Ins.    1231                      --            --            --         732,151        394,244           53.8              x              x              x
 Co.
                                 1222                      --            --            --         210,619        118,384           56.2        177,798         75,939           42.7
                                 1238                      --            --            --              --             --             --        584,383        314,580           53.8
State Farm Mutual Automobile     97046                      x             x             x               x              x              x      1,070,842        568,138           53.1
 Ins. Co.
Union Bankers Ins. Co.           86M                        x             x             x         979,562        580,350           59.2        887,689        501,410           56.5
United American Ins. Co.         MAXC               1,046,848       590,270          56.4         949,166        539,254           56.8              x              x              x
                                 MC3                       --            --            --         216,909        103,350           47.6        406,169        234,741           57.8
                                 MMS                1,695,293       958,054          56.5       1,490,359        748,662           50.2      1,221,200        604,088           49.5
                                 MAXC+              1,577,046       834,541          52.9       1,447,435        808,472           55.9      1,200,494        573,887           47.8
                                 MCCAT                     --            --            --              --             --             --        153,538         87,698           57.1

Pennsylvania
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Income Life Ins. Co.    H41000                    --            --            --              --             --             --        155,605         87,121           56.0
Combined Insurance Co. of        7902                      --            --            --         289,046        170,643           59.0              x              x              x
 America
Conestoga Life Assurance Co.     MS82                      --            --            --         382,261        227,916           59.6              x              x              x
Federal Home Life Ins. Co.       NAC 9750                   x             x             x         925,504        502,659           54.3              x              x              x
Harvest Life Ins. Co.            HMGC4012RU                --            --            --         259,677        150,882           58.1        239,355        143,312           59.9
Mutual of Omaha Ins. Co.         15CMO and                  x             x             x               x              x              x        371,389        180,254           48.5
                                  others
National Home Life Assurance     NH1190               240,038       130,786          54.5              --             --             --             --             --             --
 Co.
                                 NH 910               388,639       231,738          59.6              --             --             --             --             --             --
Penn Treaty Life Ins. Co.        MEDSUP                     x             x             x       1,416,313        829,162           58.5              x              x              x
Union Bankers Ins. Co.           86M                       --            --            --              --             --             --        182,690        101,640           55.6
Union Fidelity Life Ins. Co. of  1063                      --            --            --         799,755        475,485           59.5             --             --             --
 Trevose
                                 1042                       x             x             x         356,509        205,164           57.5             --             --             --
United Security Assurance Co.    MS-1-GRS                  --            --            --              --             --             --        214,008        126,056           58.9
 of Pennsylvania
USAA Life Insurance Co.          AG4001                    --            --            --         499,781        279,048           55.8              x              x              x

Rhode Island
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-A002                   --            --            --              --             --             --        262,023        144,946           55.3

South Carolina
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Republic Ins. Co.       A-2930                    --            --            --              --             --             --        152,210         78,756           51.7
Amer. Family Life Assurance Co.  A-19800                    x             x             x               x              x              x        208,919        109,263           52.3
 of Columbus, GA
Bankers Life & Casualty Co.      CR-93T                     x             x             x               x              x              x        247,745        126,545           51.1
                                 GR-73S                     x             x             x               x              x              x        161,504         79,921           49.5
Blue Cross & Blue Shield of SC,  11310                     --            --            --              --             --             --        325,302        105,931           32.6
 Inc.
Independent Life & Accident      MCS 101              171,313        87,515          51.1              --             --             --             --             --             --
 Ins. Co.
Liberty Life Ins. Co.            868                       --            --            --              --             --             --        378,974        193,060           50.9
                                 894                        x             x             x               x              x              x      1,622,052        948,588           58.5
                                 892                  163,573        95,789          58.6               x              x              x              x              x              x
Life Insurance Co. of Georgia    6612                 251,463       121,100          48.2               x              x              x        208,912         88,499           42.4
                                 6610                      --            --            --         958,242        516,379           53.9              x              x              x
Mutual of Omaha Ins. Co.         M2 and others              x             x             x               x              x              x        638,427        332,643           52.1
                                 M115 and                  --            --            --         266,867        112,519           42.2        392,184        198,094           50.5
                                  others
National Home Life Assurance     NH 121                    --            --            --              --             --             --        238,521        134,074           56.2
 Co.
New York Life Ins. Co.           8145                 160,196        88,156          55.0               x              x              x        165,600         89,794           54.2
Pioneer Life Ins. Co. of         9061                       x             x             x               x              x              x        695,072        377,019           54.2
 Illinois
                                 9161                      --            --            --              --             --             --        239,792        140,636           58.6
Savers Life Ins. Co.             MS2-9001                  --            --            --         182,792         58,559           32.0             --             --             --
Southland Life Ins. Co.          12590                      x             x             x         164,764         71,967           43.7             --             --             --
Union Bankers Ins. Co.           86M                        x             x             x               x              x              x        229,010        132,589           57.9
United American Ins. Co.         MCCAT                     --            --            --              --             --             --        236,005        122,820           52.0

South Dakota
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Travellers Life Ins.    ATL-CAT-89                --            --            --              --             --             --        287,290        154,273           53.7
 Co.
Bankers Life & Casualty Co.      GR-75R             1,046,789       614,603          58.7       1,170,743        604,445           51.6      1,155,379        643,003           55.7
Central States H & L Co. of      286                        x             x             x               x              x              x        863,232        389,595           45.1
 Omaha
Continental General Ins. Co.     323                       --            --            --               x              x              x        301,811        158,377           52.5
Mutual of Omaha Ins. Co.         M154 and                  --            --            --              --             --             --        197,139         84,307           42.8
                                  others
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --        318,296        180,180           56.6
 Illinois
State Farm Mutual Automobile     97046                     --            --            --         228,342        135,790           59.5        310,894        165,483           53.2
 Ins. Co.
                                 97033                      x             x             x               x              x              x        357,326        211,299           59.1
Union Bankers Ins. Co.           MS-2                      --            --            --              --             --             --        184,877        104,844           56.7
United American Ins. Co.         MAXC                 365,240       216,330          59.2               x              x              x              x              x              x
                                 MMS                        x             x             x               x              x              x        966,341        562,963           58.3
                                 MC3                       --            --            --         186,860        101,871           54.5              x              x              x

Tennessee
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
American Republic Ins. Co.       A-2721                    --            --            --         186,684         84,589           45.3        222,605        114,410           51.4
Amer. Family Life Assurance Co.  A-19000                   --            --            --         744,035        380,297           51.1      1,026,567        534,052           52.0
 of Columbus, GA
                                 A-19800              324,046       181,437          56.0         282,896        167,532           59.2        252,044        135,387           53.7
Atlantic American Life Ins. Co.  2083                       x             x             x         981,345        480,234           48.9        787,256        404,512           51.4
Bankers Life & Casualty Co.      GR-75R                     x             x             x               x              x              x      3,900,734      2,247,857           57.6
                                 P1-67720                  --            --            --               x              x              x        164,804         95,648           58.0
                                 CR-93T                     x             x             x               x              x              x        229,746        113,994           49.6
                                 GR-A002                   --            --            --         311,827        135,958           43.6        871,193        440,775           50.6
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      1,088,117        584,284           53.7
Continental Life Ins. Co. of     SSC85                952,953       567,951          59.6              --             --             --             --             --             --
 Brentwood
                                 SCIII                     --            --            --              --             --             --        227,950        101,497           44.5
                                 SCII                      --            --            --       1,254,357        596,007           47.5      1,487,789        816,065           54.9
Georgia H & L Ins. Co.           803                  221,520       128,423          58.0              --             --             --             --             --             --
Gulf Life Ins. Co.               737 L&C                    x             x             x         162,422         84,463           52.0              x              x              x
Life Insurance Co. of Georgia    6612                 194,099        80,961          41.7         256,295        100,086           39.1        189,108         58,310           30.8
                                 6610                       x             x             x         800,938        372,422           46.5        809,645        395,228           48.8
Mutual of Omaha Ins. Co.         M115 and                  --            --            --              --             --             --        174,692         65,583           37.5
                                  others
                                 50/51/52VB           191,319        64,527          33.7               x              x              x        163,496         81,697           50.0
                                 M1 and others              x             x             x         201,939        117,065           58.0        178,777        103,140           57.7
                                 2CMO and             242,801       139,001          57.2         222,683        133,042           59.7              x              x              x
                                  others
                                 M4 and others        248,508       132,507          53.3               x              x              x        230,298        121,611           52.8
                                 M2\a                 544,564       278,759          51.2               x              x              x              x              x              x
National Home Life Assurance     GSH-1                197,774       103,550          52.4               x              x              x             --             --             --
 Co.
                                 NH 121                    --            --            --               x              x              x        519,658        264,006           50.8
Physicians Mutual Ins. Co.       P197                      --            --            --         492,818        280,337           56.9      1,039,193        614,914           59.2
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --      1,183,823        667,497           56.4
 Illinois
                                 9161                      --            --            --               x              x              x      2,326,337      1,190,056           51.2
                                 9061                       x             x             x               x              x              x      1,717,653        951,277           55.4
Pyramid Life Ins. Co.            H-94                 530,828       239,604          45.1         454,265        208,983           46.0              x              x              x
                                 G-10                 356,582       178,481          50.1         323,653        172,343           53.2              x              x              x
Standard Life & Accident Ins.    1231                      --            --            --       1,351,807        775,257           57.3        982,142        527,767           53.7
 Co.
                                 1238                      --            --            --              --             --             --      2,275,548      1,294,063           56.9
                                 1228                      --            --            --              --             --             --        208,534        109,315           52.4
Union Fidelity Life Ins. Co. of  1053                 588,226       346,047          58.8         525,861        278,156           52.9             --             --             --
 Trevose
                                 1042                 257,410       147,531          57.3         223,417         86,826           38.9             --             --             --
United American Ins. Co.         MAXC+                      x             x             x               x              x              x      1,240,673        602,427           48.6
                                 MBXC                       x             x             x         365,858        217,817           59.5              x              x              x
                                 MAXC                       x             x             x               x              x              x      1,107,890        630,975           57.0
                                 MCCAT                     --            --            --              --             --             --        641,778        375,370           58.5
                                 MC3                       --            --            --         574,552        300,689           52.3      1,107,203        631,807           57.1
                                 DMC                       --            --            --              --             --             --        197,519        107,624           54.5
                                 MC1                       --            --            --         163,814         83,565           51.0        480,533        234,066           48.7
                                 MMS                        x             x             x       1,689,752        987,786           58.5      1,492,061        889,801           59.6
Texas
American Exchange Life Ins. Co.  127                        x             x             x         434,920        214,679           49.4        376,902        180,930           48.0
                                 191                        x             x             x               x              x              x        292,566        161,718           55.3
American General Life &          AGLA 76789                --            --            --         344,360        204,284           59.3              x              x              x
 Accident Ins. Co.
American Insurance Co. of Texas  AMS382                    --            --            --         153,057         79,165           51.7             --             --             --
                                 AMS78                575,644       332,397          57.7              --             --             --             --             --             --
American Integrity Ins. Co.      MS-85                210,784       106,932          50.7              --             --             --             --             --             --
                                 MS-7/8\b             166,860        84,886          50.9              --             --             --             --             --             --
American Life & Accident Ins.    MMS                        x             x             x       1,263,160        753,948           59.7      1,118,354        619,936           55.4
 Co.
                                 S30                  164,486        91,795          55.8              --             --             --             --             --             --
                                 IF-DM                      x             x             x               x              x              x        283,258        155,130           54.8
                                 S35                1,053,020       617,973          58.7               x              x              x              x              x              x
                                 AL-100             3,372,259     1,984,101          58.8               x              x              x      2,920,582      1,607,629           55.0
                                 A-MAXC+              685,432       379,390          55.4         558,315        299,667           53.7        476,485        246,079           51.6
                                 AL-02                258,631       151,506          58.6               x              x              x        186,211        103,872           55.8
                                 AL-06                      x             x             x         152,343         90,370           59.3             --             --             --
American National Ins. Co.       GMS-2                     --            --            --               x              x              x        233,713        119,753           51.2
American Republic Ins. Co.       A-2930                    --            --            --              --             --             --        156,427         82,715           52.9
American Travellers Life Ins.    ATL-CAT-89                --            --            --              --             --             --        519,728        292,054           56.2
 Co.
Amer. Family Life Assurance Co.  A-19000                   --            --            --               x              x              x      2,256,387      1,299,196           57.6
 of Columbus, GA
Atlantic American Life Ins. Co.  2083                       x             x             x       1,095,651        520,283           47.5        804,461        330,148           41.0
Bankers Fidelity Life Ins. Co.   2083                      --            --            --              --             --             --        404,791        232,182           57.4
Bankers Life & Casualty Co.      GR-75R                     x             x             x      11,781,017      6,807,652           57.8     10,908,121      5,649,050           51.8
                                 GR-73S                     x             x             x               x              x              x      1,581,666        893,405           56.5
                                 GR-A002                   --            --            --         753,422        424,930           56.4      3,637,057      2,006,824           55.2
Central Security Life Ins. Co.   Form H08601                x             x             x               x              x              x        282,397        112,318           39.8
                                 Form H08902               --            --            --              --             --             --        278,229        151,595           54.5
Central States H & L Co. of      286                  601,746       309,291          51.4         604,768        254,891           42.1              x              x              x
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      2,270,861      1,206,182           53.1
                                 3-82-855                   x             x             x               x              x              x        282,037        125,201           44.4
Combined Insurance Co. of        8061                      --            --            --         186,058        102,109           54.9              x              x              x
 America
                                 14952                     --            --            --         158,555         72,085           45.5        235,074        108,639           46.2
Continental General Ins. Co.     323                       --            --            --              --             --             --        243,782        142,451           58.4
Equitable Life & Casualty Ins.   990                       --            --            --              --             --             --        152,758         64,922           42.5
 Co.
First National Life Ins. Co.     9000                      --            --            --       1,043,099        575,949           55.2             --             --             --
Medico Life Ins. Co.             489                       --            --            --               x              x              x      1,936,576      1,058,314           54.6
                                 990                       --            --            --              --             --             --        290,169        147,583           50.9
Mutual of Omaha Ins. Co.         15CMO and            895,000       492,821          55.1         754,147        411,142           54.5        616,204        240,899           39.1
                                  others
                                 M4 and others              x             x             x       2,805,650      1,678,852           59.8      2,520,532      1,399,719           55.5
                                 50/51/52VB         1,035,199       489,158          47.3         913,442        427,580           46.8        808,825        324,402           40.1
                                 M2 and others              x             x             x       6,496,617      3,840,536           59.1      6,131,833      3,371,972           55.0
                                 2CMO and             920,878       548,091          59.5         806,313        304,519           37.8        761,961        316,140           41.5
                                  others
                                 M115 and                  --            --            --               x              x              x      3,240,264      1,809,411           55.8
                                  others
Mutual Protective Ins. Co.       990                       --            --            --              --             --             --        244,869        129,095           52.7
National Financial Ins. Co.      TSTA2-8                   --            --            --       1,466,863        683,842           46.6      1,570,250        800,637           51.0
                                 MS86R                      x             x             x               x              x              x        330,943        134,949           40.8
                                 GL65-4                     x             x             x         307,700        169,008           54.9              x              x              x
                                 PMS86                180,616        87,372          48.4               x              x              x        227,196        132,999           58.5
National Foundation Life Ins.    MS4-89-P                  --            --            --              --             --             --        183,861         81,354           44.2
 Co.
                                 MS-7                      --            --            --              --             --             --      1,711,062        697,477           40.8
National Home Life Assurance     NH 143                    --            --            --              --             --             --        458,035        218,540           47.7
 Co.
                                 NH 77                      x             x             x       3,517,537      1,871,126           53.2      3,052,324      1,760,559           57.7
                                 GS 1                      --            --            --       1,732,376        944,694           54.5      1,265,126        644,765           51.0
                                 NH 66                      x             x             x         384,689        207,722           54.0        366,742        214,179           58.4
National Security Life &         SC                   394,632       176,316          44.7               x              x              x        266,987        140,364           52.6
 Accident Ins. Co.
New Era Life Ins. Co.            K-1-88                    --            --            --               x              x              x        619,782        268,237           43.3
                                 GLA 82 $200               --            --            --               x              x              x        266,148         75,649           28.4
                                 GLA 585 100%              --            --            --               x              x              x        728,135        361,009           49.6
                                 H-0018F                   --            --            --              --             --             --      1,512,146        342,952           22.7
                                 H-0020C                   --            --            --              --             --             --        176,952         44,163           25.0
                                 MS-2-82                   --            --            --               x              x              x        415,523        186,715           44.9
New York Life Ins. Co.           8145                       x             x             x               x              x              x        617,485        367,070           59.4
Old Surety Life Ins. Co. of      MS                         x             x             x               x              x              x      1,453,301        834,538           57.4
 Texas
Physicians Mutual Ins. Co.       P397/R633                 --            --            --              --             --             --        354,653        200,254           56.5
                                 P318                      --            --            --              --             --             --        306,941        150,739           49.1
Pioneer Life Ins. Co. of         9279                      --            --            --              --             --             --      1,935,911      1,089,844           56.3
 Illinois
                                 9176                      --            --            --               x              x              x        218,041        118,335           54.3
Providential Life Ins. Co.       182                        x             x             x               x              x              x        213,433         93,726           43.9
                                 189                       --            --            --              --             --             --        601,027        324,165           53.9
Pyramid Life Ins. Co.            H-91                       x             x             x         212,803         96,305           45.3        178,602        100,949           56.5
Southwest Service Life Ins. Co.  MS93                       x             x             x         156,878         88,351           56.3             --             --             --
Standard Life & Accident Ins.    1222                      --            --            --              --             --             --        968,651        547,635           56.5
 Co.
Statesman National Life Ins.     P-305                854,361       462,204          54.1         822,749        389,076           47.3              x              x              x
 Co.
                                 P-376RA                   --            --            --         592,761        333,764           56.3             --             --             --
                                 P-181              1,041,417       548,365          52.7         156,671         59,696           38.1             --             --             --
Union Bankers Ins. Co.           76M                  398,084       227,499          57.1               x              x              x        200,502         99,636           49.7
                                 MS-2                      --            --            --         234,099        129,899           55.5        552,445        288,214           52.2
                                 86M                        x             x             x         823,881        487,347           59.2        745,262        414,432           55.6
Union Fidelity Life Ins. Co. of  8350                 584,907       343,511          58.7               x              x              x             --             --             --
 Trevose
United American Ins. Co.         MC3                       --            --            --       1,764,297        969,761           55.0      2,605,118      1,231,413           47.3
                                 MC1                       --            --            --              --             --             --        223,785        134,088           59.9
                                 MAXC+                      x             x             x       4,779,468      2,699,060           56.5      4,519,058      2,266,090           50.1
                                 MBXC                       x             x             x         203,223         97,627           48.0        202,044        104,369           51.7
                                 MCCAT                     --            --            --         169,899         89,912           52.9      1,366,876        709,101           51.9
                                 MAXC                       x             x             x       3,271,833      1,843,269           56.3      3,070,896      1,617,061           52.7
                                 MMS                        x             x             x       6,695,595      3,773,442           56.4      6,140,729      2,918,715           47.5
                                 MVXC                       x             x             x         222,083        116,629           52.5              x              x              x
United Teacher Associates Ins.   MS-860101-UTA              x             x             x         749,152        422,920           56.5              x              x              x
 Co.
                                 MS-890101-                --            --            --       1,941,757      1,113,351           57.3              x              x              x
                                  UTA-TX

Utah
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-A002                   --            --            --              --             --             --        250,100        107,981           43.2
                                 GR-75R                     x             x             x         691,540        411,427           59.5        607,464        344,898           56.8
Blue Cross & Blue Shield of      888365-001/3-        347,052       151,277          43.6         329,176        137,168           41.7        296,332        136,958           46.2
 Utah                             012
                                 888365-001/3-        360,507       200,606          55.6         447,992        228,337           51.0        550,210        262,531           47.7
                                  007
                                 888365-001/3-              x             x             x       4,762,257      2,854,741           59.9              x              x              x
                                  010
Equitable Life & Casualty Ins.   700                        x             x             x               x              x              x        844,770        469,542           55.6
 Co.
                                 880                       --            --            --               x              x              x      3,365,598      1,935,007           57.5
                                 990                       --            --            --              --             --             --        414,488        227,351           54.9
Mutual of Omaha Ins. Co.         M4,HM17\b            150,620        85,591          56.8              --             --             --             --             --             --
                                 M2 and others              x             x             x         153,873         39,004           25.3             --             --             --
Pioneer Life Ins. Co. of         9061                       x             x             x               x              x              x        358,249        174,060           48.6
 Illinois
Standard Life & Accident Ins.    1238                      --            --            --              --             --             --        198,022         95,371           48.2
 Co.
State Farm Mutual Automobile     97046                     --            --            --         187,854        110,889           59.0              x              x              x
 Ins. Co.
                                 97033                      x             x             x         406,701        243,027           59.8        381,770        183,607           48.1
United American Ins. Co.         MAXC+                228,679       103,778          45.4               x              x              x             --             --             --

Vermont
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-A002                   --            --            --              --             --             --        297,628        137,913           46.3

Virginia
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19800              336,920       154,074          45.7         262,114        101,575           38.8        230,041        100,634           43.7
 of Columbus, GA
                                 A-19000                   --            --            --         742,919        374,619           50.4      1,432,686        742,065           51.8
Bankers Life & Casualty Co.      GR-75R                     x             x             x               x              x              x      1,883,030      1,091,364           58.0
                                 GR-73S                     x             x             x         447,868        240,027           53.6        423,544        228,272           53.9
                                 CR-93T                    --            --            --         172,605         90,579           52.5             --             --             --
Capital Security Life            8140A                     --            --            --               x              x              x        181,755         80,957           44.5
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x        323,125        153,742           47.6
Combined Insurance Co. of        000014952                 --            --            --              --             --             --        158,619         76,092           48.0
 America
Globe Life & Accident Ins. Co.   MCP-3                342,517       200,979          58.7               x              x              x              x              x              x
                                 MCP-4                168,579        75,367          44.7              --             --             --             --             --             --
Gulf Life Ins. Co.               MED-1                650,606       389,509          59.9               x              x              x              x              x              x
Humana Insurance Co.             GMSIC2                     x             x             x               x              x              x      1,489,074        838,251           56.3
Integrity National Life Ins.     H-722-0389                --            --            --              --             --             --        156,763         88,716           56.6
 Co.
Life Insurance Co. of Georgia    6610                      --            --            --         191,329         26,686           13.9        199,078         70,574           35.5
Mutual of Omaha Ins. Co.         M115 and                  --            --            --         197,774         78,315           39.6        370,431        198,662           53.6
                                  others
                                 50/51/52VB                 x             x             x         198,786        116,135           58.4              x              x              x
                                 M4/M72 and           406,911       226,962          55.8               x              x              x        314,252        179,024           57.0
                                  others
                                 M3/M71,H64\b         154,246        78,896          51.1              --             --             --             --             --             --
                                 M35 and others       288,761       130,657          45.2         236,188        141,442           59.9        212,627        116,885           55.0
                                 C23M and                   x             x             x               x              x              x        350,374        181,389           51.8
                                  others
National Financial Ins. Co.      GL65-4               184,452        65,316          35.4               x              x              x             --             --             --
                                 G764                       x             x             x         168,531         76,045           45.1             --             --             --
New York Life Ins. Co.           8145                 237,932       111,002          46.7         235,372         95,998           40.8        225,938        117,486           52.0
Pioneer Life Ins. Co. of         9061                       x             x             x               x              x              x        249,738        142,056           56.9
 Illinois
                                 9279                      --            --            --              --             --             --        154,842         77,593           50.1
Pyramid Life Ins. Co.            G-10                 158,414        69,690          44.0              --             --             --             --             --             --
                                 H-94                 158,368        69,398          43.8         150,168         83,918           55.9             --             --             --
State Farm Mutual Automobile     97046                      x             x             x               x              x              x        753,419        440,806           58.5
 Ins. Co.
Union Fidelity Life Ins. Co. of  1042                 229,526       105,168          45.8         212,446        126,149           59.4             --             --             --
 Trevose
                                 1053                 640,848       340,428          53.1         539,713        307,753           57.0             --             --             --
                                 8550                 467,719       277,229          59.3         404,455        237,681           58.8             --             --             --
United American Ins. Co.         MMS                        x             x             x               x              x              x        898,878        510,396           56.8
                                 MAXC+              1,048,058       574,581          54.8               x              x              x              x              x              x
                                 MBXC                       x             x             x         221,958        114,238           51.5              x              x              x
USAA Life Insurance Co.          AG4001                    --            --            --         688,742        403,000           58.5              x              x              x

Washington
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --               x              x              x        365,271        201,089           55.1
 of Columbus, GA
Bankers Fidelity Life Ins. Co.   MS1083               467,429       261,658          56.0              --             --             --             --             --             --
                                 2083                      --            --            --         316,685        128,562           40.6        222,591         86,973           39.1
Bankers Life & Casualty Co.      GR-73S                     x             x             x       1,147,036        633,020           55.2      1,096,680        637,482           58.1
                                 GR-75R             3,629,420     2,042,718          56.3       3,761,337      1,984,566           52.8      3,693,131      1,888,802           51.1
                                 GR-A002                   --            --            --              --             --             --        526,202        247,168           47.0
Blue Cross of Washington &       701-10535                 --            --            --              --             --             --      6,663,041      3,344,071           50.2
 Alaska
Blue Cross & Blue Shield of      SP001                     --            --            --              --             --             --        727,793        418,951           57.6
 Oregon
Central States H & L Co. of      286                  164,348        96,112          58.5              --             --             --             --             --             --
 Omaha
Commonwealth Life Insurance Co.  500 and 801               --            --            --               x              x              x        190,365         90,041           47.3
Continental General Ins. Co.     324                       --            --            --               x              x              x        485,705        266,781           54.9
Equitable Life & Casualty Ins.   700                        x             x             x         250,797         47,819           19.1              x              x              x
 Co.
Federal Home Life Ins. Co.       NAC 9930                   x             x             x       1,035,052        554,712           53.6        569,875        267,327           46.9
                                 NAC 9942                  --            --            --               x              x              x        179,181         79,690           44.5
Hartford Life Insurance Co.      SRP-1261                  --            --            --       1,456,305        834,317           57.3             --             --             --
Healthcare, Inc.                 MS-86060                  --            --            --         207,335        113,270           54.6              x              x              x
                                 MS-182                    --            --            --         401,041        239,358           59.7              x              x              x
                                 MS-86100                  --            --            --         219,091        123,483           56.4        170,000        101,514           59.7
King County Medical Blue Shield  34400                      x             x             x               x              x              x      2,714,454      1,589,286           58.5
                                 34200                      x             x             x       2,367,509      1,402,537           59.2      3,459,728      1,822,103           52.7
Mutual of Omaha Ins. Co.         E90MD and                 --            --            --              --             --             --        208,914        124,445           59.6
                                  others
Mutual Protective Ins. Co.       489                       --            --            --               x              x              x      1,512,473        890,978           58.9
                                 990                       --            --            --              --             --             --        234,613        135,598           57.8
National Home Life Assurance     GS 3                      --            --            --         154,618         90,726           58.7             --             --             --
 Co.
                                 NH1380               437,657       251,641          57.5              --             --             --             --             --             --
National States Ins. Co.         RMS                       --            --            --              --             --             --        166,619         90,091           54.1
New York Life Ins. Co.           8145                 291,217       159,895          54.9         295,536        162,075           54.8        296,839        163,893           55.2
Physicians Mutual Ins. Co.       P393/R622                  x             x             x               x              x              x        183,145        105,103           57.4
                                 P115                      --            --            --              --             --             --        294,410        165,203           56.1
Pioneer Life Ins. Co. of         9161                      --            --            --               x              x              x        974,844        582,119           59.7
 Illinois
Standard Life & Accident Ins.    1239                      --            --            --              --             --             --      1,013,344        510,076           50.3
 Co.
                                 1228                      --            --            --              --             --             --        262,886        134,261           51.1
State Farm Mutual Automobile     97033                      x             x             x               x              x              x        575,234        338,182           58.8
 Ins. Co.
Union Fidelity Life Ins. Co. of  1053                 166,903        78,597          47.1              --             --             --             --             --             --
 Trevose
United American Ins. Co.         MAXC+                      x             x             x               x              x              x      1,241,471        644,782           51.9

West Virginia
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Amer. Family Life Assurance Co.  A-19000                   --            --            --         400,596        226,450           56.5        618,423        290,696           47.0
 of Columbus, GA
Bankers Life & Casualty Co.      CR-93T                     x             x             x               x              x              x        254,909        138,871           54.5
                                 GR-75R                     x             x             x               x              x              x      3,023,824      1,669,393           55.2
Gulf Life Insurance Co.          73787 E                    x             x             x               x              x              x        264,520        155,284           58.7
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        205,314        106,045           51.7
Mutual of Omaha Ins. Co.         M4/M82 and                 x             x             x         231,918        132,145           57.0        203,531        109,007           53.6
                                  others
                                 M2/M80 and                 x             x             x         485,604        255,690           52.7              x              x              x
                                  others
                                 C23M and                   x             x             x         216,218        113,408           52.5        196,651        102,909           52.3
                                  others
                                 M115 and                  --            --            --         218,149        107,434           49.2        315,965        171,884           54.4
                                  others
                                 50/51/52VB           188,463       109,779          58.2         168,601         84,123           49.9        157,823         65,688           41.6
                                 2CMO and                   x             x             x         152,766         70,336           46.0             --             --             --
                                  others
                                 M1/M79\b             165,663        89,440          54.0              --             --             --             --             --             --
Union Fidelity Life Ins. Co. of  8550                       x             x             x         349,613        175,268           50.1             --             --             --
 Trevose
                                 1053                 320,375       166,225          51.9         270,758        138,095           51.0             --             --             --
United American Ins. Co.         MAXC                       x             x             x       1,059,867        598,490           56.5      1,104,592        621,460           56.3
                                 MC3                       --            --            --              --             --             --        674,128        355,900           52.8
                                 MMS                        x             x             x         935,732        506,170           54.1        951,305        465,228           48.9
                                 MBXC                       x             x             x         215,275        128,078           59.5              x              x              x

Wisconsin
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Aid Association for Lutherans    4952 THRU 4956            --            --            --              --             --             --        359,112        169,930           47.3
American Republic Ins. Co.       A-2930                    --            --            --               x              x              x      1,405,515        783,542           55.7
Amer. Family Life Assurance Co.  A-19700              186,809        86,653          46.4              --             --             --             --             --             --
 of Columbus, GA
                                 A-19800              639,370       338,905          53.0         555,369        232,851           41.9        464,801        239,478           51.5
Bankers Life & Casualty Co.      GR-75R                     x             x             x               x              x              x      5,507,587      3,179,252           57.7
                                 GR-A002                   --            --            --              --             --             --      4,449,071      2,581,794           58.0
Central States H & L Co. of      286                1,899,728     1,105,465          58.2               x              x              x      1,154,938        664,364           57.5
 Omaha
Colonial Penn Life Ins. Co.      4-82-595                  --            --            --               x              x              x      3,761,927      1,945,317           51.7
                                 3-82-855                   x             x             x               x              x              x      1,214,079        617,192           50.8
Continental General Ins. Co.     327                       --            --            --               x              x              x        722,116        325,159           45.0
Federal Life Ins. Co. (Mutual)   A-7400                    --            --            --         302,915        172,931           57.1             --             --             --
Guarantee Trust Life Ins. Co.    85420                      x             x             x         297,624        126,997           42.7        189,083         77,757           41.1
Medico Life Ins. Co.             489                       --            --            --         171,524        102,742           59.9        605,687        322,710           53.3
Mutual of Omaha Ins. Co.         M40,HM26\b         1,951,117     1,159,895          59.4              --             --             --              x              x              x
                                 M39 and others             x             x             x         234,214        105,166           44.9        173,655         48,069           27.7
                                 50/51/52VB                 x             x             x         441,359        245,527           55.6        393,569        174,596           44.4
                                 50CMO and            246,761       133,321          54.0               x              x              x        173,070         81,703           47.2
                                  others
                                 M38 and others             x             x             x         417,417        248,478           59.5        367,461        203,001           55.2
                                 M123 and                  --            --            --         920,755        399,924           43.4      1,414,006        605,785           42.8
                                  others
Mutual Protective Ins. Co.       489                       --            --            --               x              x              x      3,355,924      1,924,145           57.3
New York Life Ins. Co.           8145                       x             x             x         172,652         45,878           26.6        160,313         78,888           49.2
North American Ins. Co.          400                  170,616        63,099          37.0              --             --             --             --             --             --
Pioneer Life Ins. Co. of         9161                      --            --            --         536,099        320,375           59.8              x              x              x
 Illinois
                                 9061                       x             x             x         836,065        499,636           59.8              x              x              x
Rural Security Life Ins. Co.     HP-191                     x             x             x               x              x              x      1,446,037        840,910           58.2
State Farm Mutual Automobile     97033                      x             x             x               x              x              x      1,824,409      1,053,455           57.7
 Ins. Co.
United American Ins. Co.         MMS                        x             x             x              --             --             --      1,841,719      1,099,564           59.7
                                 DMXC-U               234,474       132,191          56.4               x              x              x              x              x              x
                                 W1                        --            --            --         837,431        456,379           54.5      1,326,885        758,766           57.2
Wisconsin Physicians Service     17406-051-                --            --            --         164,550         85,950           52.2        220,748         98,530           44.6
 Ins. Corp.                       9012

Wyoming
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bankers Life & Casualty Co.      GR-A002                   --            --            --              --             --             --        152,348         53,023           34.8
                                 GR-75R               464,925       219,913          47.3         433,000        212,268           49.0        402,302        204,814           50.9
Blue Cross & Blue Shield of      MSI92                     --            --            --         328,984        175,928           53.5        348,564        133,840           38.4
 Wyoming
Combined Insurance Co. of        000014954                 --            --            --              --             --             --        153,202         91,408           59.7
 America
Pioneer Life Ins. Co. of         9161                      --            --            --               x              x              x        305,620        178,688           58.5
 Illinois
                                 9061                       x             x             x               x              x              x        350,109        180,422           51.5
State Farm Mutual Automobile     97033                      x             x             x         202,689        116,207           57.3        200,102        112,189           56.1
 Ins. Co.
Union Bankers Ins. Co.           86M                       --            --            --               x              x              x        153,533         85,037           55.4
United American Ins. Co.         MAXC+                310,343       157,476          50.7         299,959        164,612           54.9              x              x              x
                                 MMS                        x             x             x               x              x              x        179,655         81,509           45.4
====================================================================================================================================================================================
Total                                            $195,984,156  $105,185,275          53.7    $476,577,836   $258,526,298           54.2   $780,531,667   $416,467,921           53.4
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Legend:

X = Policy loss ratio met the applicable minimum federal standard.

 = Insurer reported no loss ratio experience or experience reported
was either not mature or not credible. 

\a Name changed in 1992. 

\b Companies included data for similar policies on a single
experience exhibit. 


MEDIGAP INSURERS WITH MATURE AND
CREDIBLE LOSS RATIO EXPERIENCE
BELOW THE MINIMUM STANDARD FOR
GROUP POLICIES (1991-93)
========================================================= Appendix III


Company                          Policy number       Premiums        Claims    Loss ratio        Premiums         Claims     Loss ratio       Premiums         Claims     Loss ratio
-------------------------------  --------------  ------------  ------------  ------------  --------------  -------------  -------------  -------------  -------------  -------------
Alabama
Allianz Life Ins. Co. of North   GSC1054                   --            --            --               x              x              x        210,259        127,205           60.5
 America\a
                                 GSC-1300            $209,187      $110,924          53.0              --             --             --             --             --             --
National Home Life Assurance     NH1380                    --            --            --        $688,876       $395,740           57.4        583,326        313,443           53.7
 Co.
Alaska
Prudential Insurance Co. of      1                          x             x             x               x              x              x      1,587,306      1,119,815           70.5
 America
Arizona
National Home Life Assurance     NH1380                    --            --            --         222,334        133,167           59.9        184,917         92,636           50.1
 Co.
Principal Mutual Life Ins. Co.   GC500(D-             241,560       134,783          55.8         249,251        167,856           67.3        305,363        190,711           62.5
                                  MSP)W/GC
USAA Life Ins. Co.               ag7001                    --            --            --              --             --             --        362,015        221,369           61.1
Arkansas
National Home Life Assurance     NH1380                    --            --            --         338,800        227,876           67.3        299,067        129,237           43.2
 Co.
California
Allianz Life Ins. Co. of North   D603                      --            --            --         226,376        154,380           68.2        173,073        115,449           66.7
 America\a
                                 GSC1667                   --            --            --               x              x              x        587,229        332,645           56.6
Calfarm Life Ins. Co.            GPH11252                  --            --            --              --             --             --        243,806         79,918           32.8
                                 GPH 11248                 --            --            --       4,502,855      3,312,539           73.6             --             --             --
                                 GPH11247                  --            --            --              --             --             --        556,108        218,057           39.2
Colonial Penn Franklin Ins. Co.  10-82-316                 --            --            --               x              x              x        173,545         60,826           35.0
Commonwealth Life Ins. Co.       A1000,A1000(1/            --            --            --              --             --             --        261,830        184,600           70.5
                                  89)
Hartford Life Ins. Co.           SRP-1265                  --            --            --              --             --             --        151,962         84,346           55.5
Idealife Ins. Co.                IGH-9905-P                --            --            --              --             --             --        680,325        370,450           54.5
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x      5,491,001      3,746,397           68.2
National Home Life Assurance     NH1380                    --            --            --       3,661,564      2,088,576           57.0      2,813,026      1,777,189           63.2
 Co.
                                 NH1190                    --            --            --         410,991        234,137           57.0        330,365        235,753           71.4
                                 NH 810                    --            --            --         338,695        190,262           56.2        269,620        157,098           58.3
                                 NH 910                    --            --            --         904,083        529,444           58.6        729,742        389,978           53.4
Principal Mutual Life Ins. Co.   GC500(D) W/          243,781       126,361          51.8         378,520        242,860           64.2        514,973        377,880           73.4
                                  GC552
Provident Life & Accident Ins.   F-65872                    x             x             x       4,148,261      2,952,301           71.2              x              x              x
 Co.
Union Labor Life Ins. Co.        610400                     x             x             x         596,611        420,152           70.4              x              x              x
USAA Life Ins. Co.               ag7001                    --            --            --              --             --             --      1,291,814        825,298           63.9
Colorado
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        836,829        478,120           57.1
                                 SRP-7318                   x             x             x              --             --             --      1,267,139        886,934           70.0
Life Investors Ins. Co. of       GMS 1,2,3\b          218,558       102,049          46.7              --             --             --             --             --             --
 America
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        298,576        170,512           57.1
National Home Life Assurance     NH1380                    --            --            --         207,301         92,094           44.4        188,252         76,028           40.4
 Co.
Principal Mutual Life Ins. Co.   GC500(D) WITH        331,665       212,413          64.0               x              x              x        401,331        293,377           73.1
                                  GC
Provident Life & Accident Ins.   F-65872                   --            --            --         195,520        130,545           66.8              x              x              x
 Co.
Connecticut
Blue Cross & Blue Shield of      BC65 PLAN 81               x             x             x               x              x              x      5,997,692      4,250,034           70.9
 Connecticut, Inc.
                                 BC65 HIGH                 --            --            --              --             --             --     25,427,070     16,301,501           64.1
                                  OPTION
                                 BC65 PLAN 82               x             x             x       4,132,018      2,659,752           64.4      3,932,330      2,675,095           68.0
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        275,407        197,156           71.6
Provident Life & Accident Ins.   F-65872                   --            --            --         235,565        157,625           66.9              x              x              x
 Co.
Delaware
Blue Cross & Blue Shield of      Standard                  --            --            --         855,805        428,759           50.1             --             --             --
 Delaware, Inc.
                                 SECURE-65                 --            --            --         188,242        109,343           58.1             --             --             --
Provident Life & Accident Ins.   F-63150              326,812       203,801          62.4               x              x              x              x              x              x
 Co.
Prudential Insurance Co. of      1                          x             x             x               x              x              x      5,792,408      4,164,634           71.9
 America
District of Columbia
Allianz Life Ins. Co. of North   GSC1667                   --            --            --         415,427      (325,026)          -78.2        328,746       (24,450)           -7.4
 America\a
                                 GSC-1395             414,519       280,887          67.8              --             --             --             --             --             --
                                 GSC-1310           2,671,438     1,656,045          62.0              --             --             --             --             --             --
                                 GSC-1544             586,112       346,662          59.1              --             --             --             --             --             --
                                 GSC-1012             246,543       128,165          52.0              --             --             --             --             --             --
                                 GSC-1090             150,342        79,182          52.7              --             --             --             --             --             --
                                 GSC-1385           7,246,522     4,823,240          66.6              --             --             --             --             --             --
Hartford Life Ins. Co.           SRP-7318                  --            --            --              --             --             --        157,718         68,986           43.7
Preferred Life Ins Co of New     GSC-1310-PL          315,590       184,135          58.3              --             --             --             --             --             --
 York
Florida
Allianz Life Ins. Co. of North   GSC1544                   --            --            --         172,038        115,530           67.2        173,528         93,603           53.9
 America\a
Colonial Penn Franklin Ins. Co.  10-82-316                 --            --            --               x              x              x        227,286        107,987           47.5
Commonwealth Life Ins. Co.       1000                      --            --            --               x              x              x        334,265        172,590           51.6
Guarantee Trust Life Ins. Co.    9242G                     --            --            --              --             --             --     20,747,633     12,932,350           62.3
National Home Life Assurance     NH 810                    --            --            --               x              x              x        225,944         95,282           42.2
 Co.
                                 NH 910                    --            --            --               x              x              x        942,461        642,948           68.2
Union Labor Life Ins. Co.        610400                    --            --            --               x              x              x        243,148        175,583           72.2
Georgia
Allianz Life Ins. Co. of North   GSC1054                   --            --            --         215,495        160,315           74.4              x              x              x
 America\a
National Home Life Assurance     NH1380                    --            --            --       1,488,531        903,762           60.7      1,280,847        628,181           49.0
 Co.
Nationwide Life Ins. Co.         GR-2001-3                  x             x             x               x              x              x        202,321        132,645           65.6
Provident Life & Accident Ins.   F-65872              278,031       179,095          64.4         451,971        245,209           54.3        461,159        327,234           71.0
 Co.
USAA Life Ins. Co.               ag7001                    --            --            --              --             --             --        211,757        129,488           61.1
Hawaii
Hartford Life Ins. Co.           SRP-7318                  --            --            --              --             --             --        174,745         83,080           47.5
Prudential Insurance Co. of      01                   985,962       682,673          69.2               x              x              x              x              x              x
 America
Idaho
Hartford Life Ins. Co.           SRP-7318                   x             x             x              --             --             --        220,376        157,634           71.5
Illinois
Bankers Life and Casualty Co.    CR-97K                     x             x             x               x              x              x      1,397,886        864,984           61.9
Continental Casualty Co.         44017              1,043,320       652,958          62.6         917,219        549,921           60.0             --             --             --
Health Care Svc. Corp.           CB 44.6                   --            --            --       1,523,746      1,057,682           69.4              x              x              x
                                 GB 10-A2.2                 x             x             x      12,092,951      8,721,626           72.1     12,067,057      8,547,684           70.8
                                 CB 44.8                   --            --            --         987,598        646,108           65.4              x              x              x
                                 CB 44.7                   --            --            --         313,304        212,948           68.0              x              x              x
Life Investors Ins. Co. of       GMS 1,2,3\b          218,768        77,455          35.4              --             --             --             --             --             --
 America
National Home Life Assurance     NH1380                    --            --            --       1,488,029      1,000,306           67.2      1,277,282        706,656           55.3
 Co.
                                 NH 910                    --            --            --         313,478        195,686           62.4              x              x              x
Principal Mutual Life Ins. Co.   GC500(D) WITH      1,028,204       756,447          73.6               x              x              x              x              x              x
                                  GC
Indiana
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        298,790        223,575           74.8
Life Investors Ins. Co. of       GMS 1,2,3\b          244,275       108,787          44.5              --             --             --             --             --             --
 America
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x        309,813        207,883           67.1
National Home Life Assurance     NH1380                    --            --            --               x              x              x        752,097        406,696           54.1
 Co.
Principal Mutual Life Ins. Co.   GC500(D-             605,504       404,019          66.7         628,837        457,801           72.8              x              x              x
                                  MSP)W/GC
Provident Life & Accident Ins.   F-65872                   --            --            --         220,450        121,897           55.3        246,646        136,342           55.3
 Co.
Iowa
Life Investors Ins. Co. of       GMS 1,2,3\b          336,538       121,228          36.0              --             --             --             --             --             --
 America
National Home Life Assurance     NH1380                    --            --            --         204,586        142,588           69.7        184,571         90,548           49.1
 Co.
Principal Mutual Life Ins. Co.   GC500(D) WITH     14,020,163     8,852,946          63.1               x              x              x              x              x              x
                                  GC
Provident Life & Accident Ins.   F-65872                   --            --            --               x              x              x        213,264        135,792           63.7
 Co.
Kansas
Hartford Life Ins. Co.           SRP-7318                   x             x             x              --             --             --        326,021        241,858           74.2
                                 SRP-1261                  --            --            --              --             --             --        236,944        175,739           74.2
Kentucky
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        261,431        184,876           70.7
National Home Life Assurance     NH 910                    --            --            --         327,145        176,215           53.9        288,499        151,456           52.5
 Co.
                                 NH1380                    --            --            --               x              x              x        303,267        177,549           58.5
Provident Life & Accident Ins.   F-65872                   --            --            --               x              x              x        177,084        125,490           70.9
 Co.
Louisiana
National Home Life Assurance     NH 910                    --            --            --         159,917         95,047           59.4             --             --             --
 Co.
                                 NH1380                    --            --            --         988,873        680,887           68.9        902,435        566,560           62.8
Provident Life & Accident Ins.   F-65872                    x             x             x         314,332        169,030           53.8              x              x              x
 Co.
USAA Life Ins. Co.               AG7001                    --            --            --              --             --             --        247,356        151,256           61.1
Maine
Assoc. Hospital Service of       028073                    --            --            --       7,708,190      1,690,483           21.9      7,598,127      1,322,953           17.4
 Maine
Hartford Life Ins. Co.           SRP-7318                   x             x             x              --             --             --        241,284        151,317           62.7
                                 SRP-1261                  --            --            --              --             --             --        152,260         91,672           60.2
Maryland
Hartford Life Ins. Co.           SRP-7318                   x             x             x              --             --             --      1,144,548        770,834           67.3
                                 SRP-1261                  --            --            --              --             --             --        774,263        424,693           54.9
Provident Life & Accident Ins.   F-65872                   --            --            --         232,788        167,750           72.1              x              x              x
 Co.
Toyota Motor Life Ins Co         MSP2000              281,468       187,160          66.5              --             --             --             --             --             --
Massachusetts
Blue Cross & Blue Shield of      ME 2              50,933,901    29,022,187          57.0              --             --             --             --             --             --
 Massachusetts
                                 ME 4               2,438,483     1,103,984          45.3              --             --             --             --             --             --
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        466,549        286,170           61.3
National Home Life Assurance     NH 910                    --            --            --         357,782        132,683           37.1        322,416        150,488           46.7
 Co.
Provident Life & Accident Ins.   F-65872              167,543        79,552          47.5         272,550        136,473           50.1              x              x              x
 Co.
Toyota Motor Life Ins Co         MSP2000              310,311       231,725          74.7              --             --             --             --             --             --
Michigan
National Home Life Assurance     NH 910                    --            --            --         159,501         64,797           40.6             --             --             --
 Co.
Minnesota
Blue Cross & Blue Shield of      1                         --            --            --       4,488,331      2,597,351           57.9              x              x              x
 Minnesota
Hartford Life Ins. Co.           SRP-7318                   x             x             x              --             --             --        215,525        157,140           72.9
Life Investors Ins. Co. of       GMS 1,2,3\b          377,045       192,892          51.2              --             --             --             --             --             --
 America
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        186,200         97,036           52.1
Provident Life & Accident Ins.   F-65872                   --            --            --              --             --             --        172,774         87,265           50.5
 Co.
Prudential Insurance Co. of      1                          x             x             x               x              x              x      8,699,198      6,446,194           74.1
 America
Mississippi
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        452,674        335,047           74.0
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        255,512        145,173           56.8
National Home Life Assurance     NH1380                    --            --            --         600,609        415,575           69.2        525,528        301,774           57.4
 Co.
                                 NH 910                    --            --            --         196,547         84,558           43.0        162,516         89,138           54.8
Missouri
Allianz Life Ins. Co. of North   GSC1054                   --            --            --              --             --             --        179,356        123,290           68.7
 America\a
Blue Cross & Blue Shield of      UC24               3,335,484     2,243,323          67.3       3,483,760      2,404,089           69.0      2,594,431      1,432,553           55.2
 Missouri
                                 LMC-1                522,926       347,304          66.4         494,258        144,493           29.2        733,456        405,206           55.2
                                 C-6D                       x             x             x               x              x              x      2,179,694      1,508,121           69.2
National Home Life Assurance     NH 910                    --            --            --         348,302        179,791           51.6        296,415        152,312           51.4
 Co.
                                 NH1380                    --            --            --       1,066,840        667,159           62.5        954,224        525,728           55.1
Principal Mutual Life Ins. Co.   GC500(D-             757,668       515,643          68.1         717,820        535,641           74.6              x              x              x
                                  MSP)W/GC
Provident Life & Accident Ins.   F-65872                    x             x             x         303,958        182,532           60.1              x              x              x
 Co.
Montana
Hartford Life Ins. Co.           SRP-7318                  --            --            --              --             --             --        150,450         99,850           66.4
Prudential Insurance Co. of      1                          x             x             x               x              x              x      7,378,074      5,512,732           74.7
 America
Nebraska
Blue Cross & Blue Shield of      9704(I),             193,555        94,588          48.9         336,374        194,906           57.9        267,346        114,470           42.8
 Nebraska                         9710(G)
                                 9721(I),                  --            --            --         373,322        147,556           39.5             --             --             --
                                  9733(G)
Hartford Life Ins. Co.           SRP-7318                  --            --            --              --             --             --        196,201        142,582           72.7
Life Investors Ins. Co. of       GMS 1,2,3\b          229,771       104,552          45.5              --             --             --             --             --             --
 America
Principal Mutual Life Ins. Co.   GC500(D) WITH      6,873,824     4,911,736          71.5               x              x              x              x              x              x
                                  GC
Nevada
Blue Cross & Blue Shield Plan    82171                525,444       320,596          61.0              --             --             --             --             --             --
 of Nevada
                                 82172                301,027       183,670          61.0              --             --             --             --             --             --
National Home Life Assurance     NH1380                    --            --            --         202,005         99,227           49.1        185,880        112,242           60.4
 Co.
Prudential Insurance Co. of      01                         x             x             x      10,391,223      7,381,006           71.0              x              x              x
 America
New Hampshire
Blue Cross & Blue Shield of New  061.065                    x             x             x               x              x              x        404,421        274,677           67.9
 Hampshire
Hartford Life Ins. Co.           SRP-7318                  --            --            --              --             --             --        186,784        134,521           72.0
                                 SRP-1261                  --            --            --              --             --             --        189,854        124,197           65.4
New Jersey
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        539,640        404,109           74.9
Monumental Life Ins. Co.         MS3000PGM                 --            --            --         729,774        537,852           73.7        859,033        492,542           57.3
National Home Life Assurance     NH 910                    --            --            --         447,807        209,762           46.8        404,660        140,941           34.8
 Co.
                                 NH1380                    --            --            --       1,036,969        622,714           60.1        957,286        527,931           55.1
Provident Life & Accident Ins.   F-65872              450,283       305,559          67.9         754,472        505,114           66.9              x              x              x
 Co.
USAA Life Ins. Co.               ag7001                    --            --            --              --             --             --        172,305        105,363           61.1
New Mexico
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        345,176        226,613           65.7
                                 SRP-7318                   x             x             x              --             --             --        584,369        436,268           74.7
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        180,195        105,592           58.6
National Home Life Assurance     NH1380                    --            --            --         213,615        122,881           57.5        189,186         71,525           37.8
 Co.
New Mexico Blue Cross & Blue     M296                 502,168       169,290          33.7         643,015        236,114           36.7        411,391        163,252           39.7
 Shield, Inc.
                                 M297                      --            --            --         166,365         56,241           33.8             --             --             --
Prudential Insurance Co. of      01                         x             x             x       7,987,047      5,940,435           74.4              x              x              x
 America
New York
Blue Cross of Western New York,  BCMS-4 W/                  x             x             x       9,996,589      6,902,029           69.0             --             --             --
 Inc.                             BCMS69
Colonial Penn Franklin Ins. Co.  10-82-316                 --            --            --               x              x              x        219,633         65,649           29.9
Empire Blue Cross & Blue Shield  CARVE-OUTS                 x             x             x              --             --             --     31,479,047     21,823,389           69.3
                                 MSB1992                   --            --            --              --             --             --      6,030,774      4,087,758           67.8
                                 MS-MMR                     x             x             x              --             --             --      5,144,361      3,502,995           68.1
                                 ABC-MED.SUPP.              x             x             x              --             --             --        150,255         99,394           66.2
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        731,421        458,631           62.7
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x        431,572        279,645           64.8
Provident Life & Casualty Ins.   F-65872                    x             x             x       1,958,206      1,435,578           73.3              x              x              x
 Co.
Prudential Insurance Co. of      1                          x             x             x               x              x              x    117,161,120     85,418,760           72.9
 America
North Carolina
Monumental Life Ins. Co.         MS3000PGM                 --            --            --         159,857        104,721           65.5        291,871        192,918           66.1
National Home Life Assurance     NH 850                    --            --            --               x              x              x        201,740        141,340           70.1
 Co.
                                 NH1380                    --            --            --       2,064,406      1,064,660           51.6      1,756,988        859,863           48.9
                                 NH 910                    --            --            --         249,212        119,278           47.9        200,924         83,055           41.3
Provident Life & Accident Ins.   F-63150              572,311       316,990          55.4               x              x              x             --             --             --
 Co.
                                 F-65872              230,249       160,200          69.6         344,064        230,479           67.0        438,032        282,351           64.5
USAA Life Ins. Co.               ag7001                    --            --            --              --             --             --        168,389        102,968           61.1
North Dakota
Blue Cross & Blue Shield of      MEDICARE           2,556,918     1,871,787          73.2              --             --             --             --             --             --
 North Dakota                     EXTENDED
Principal Mutual Life Ins. Co.   GC500(D) WITH        253,532       168,196          66.3               x              x              x              x              x              x
                                  GC
Prudential Insurance Co. of      1                  1,535,480       963,734          62.8               x              x              x      1,738,129      1,031,941           59.4
 America
Ohio
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        524,462        339,671           64.8
                                 SRP-7318                   x             x             x              --             --             --        474,379        315,088           66.4
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x      1,502,615        969,198           64.5
National Home Life Assurance     NH 910                    --            --            --         439,305        231,836           52.8        409,527        173,814           42.4
 Co.
                                 NH 810                    --            --            --         157,549         92,228           58.5             --             --             --
                                 NH1380                    --            --            --       1,671,797      1,001,273           59.9      1,515,811        893,932           59.0
Nationwide Life Ins. Co.         GR-1100, Plan             --            --            --              --             --             --        947,948        554,967           58.5
                                  C
                                 GR-1100, Plan             --            --            --              --             --             --      4,327,097      3,181,951           73.5
                                  H
Principal Mutual Life Ins. Co.   GC500(D) W/          583,313       328,192          56.3         611,958        454,376           74.2              x              x              x
                                  GC552
Provident Life & Accident Ins.   F-63150              343,197       255,296          74.4               x              x              x             --             --             --
 Co.
                                 F-65872                    x             x             x         862,611        499,364           57.9        920,254        657,535           71.5
Oklahoma
Allianz Life Ins. Co. of North   GSC1054                   --            --            --              --             --             --        168,449         99,223           58.9
 America\a
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        477,797        344,990           72.2
National Home Life Assurance     NH1380                    --            --            --         560,550        283,597           50.6        484,717        244,503           50.4
 Co.
Principal Mutual Life Ins. Co.   GC500(D-             156,354       116,823          74.7         164,370        119,739           72.8              x              x              x
                                  MSP)W/GC
USAA Life Ins. Co.               ag7001                    --            --            --              --             --             --        159,792         97,712           61.1
Oregon
Blue Cross & Blue Shield of      88-MEDSTD-20       1,082,485       706,358          65.3       1,416,664        864,234           61.0      1,744,991      1,003,501           57.5
 Oregon
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        388,117        272,099           70.1
Klamath Medical Service Bureau   MS 65                208,230       141,900          68.1              --             --             --             --             --             --
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        187,439        124,276           66.3
Provident Life & Accident Ins.   F-65872                   --            --            --         184,655         95,614           51.8        230,988        143,371           62.1
 Co.
Pennsylvania
Allianz Life Ins. Co. of North   GSC1054                   --            --            --              --             --             --        166,631        117,009           70.2
 America\a
                                 GSC1169                   --            --            --         165,437        106,139           64.2             --             --             --
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x      2,171,219      1,465,270           67.5
National Home Life Assurance     NH 910                    --            --            --         377,381        251,610           66.7        311,550        165,594           53.2
 Co.
                                 NH1190                    --            --            --         233,480        136,842           58.6        232,804        144,756           62.2
                                 NH1380                    --            --            --       1,743,349      1,058,212           60.7      1,568,103        927,835           59.2
                                 NH 810                    --            --            --         152,262         82,979           54.5             --             --             --
Provident Life & Accident Ins.   F-65872              319,329       203,469          63.7         523,526        301,628           57.6        512,022        343,497           67.1
 Co.
Puerto Rico
Prudential Insurance Co. of      01                 1,063,607       672,569          63.2               x              x              x              x              x              x
 America
South Carolina
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        183,434        106,358           58.0
Provident Life & Accident Ins.   F-63150              294,975       187,249          63.5               x              x              x              x              x              x
 Co.
USAA Life Ins. Co.               AG7001                    --            --            --              --             --             --        163,783        100,152           61.1
South Dakota
Life Investors Ins. Co. of       GMS 1,2,3\b          155,553        57,593          37.0              --             --             --             --             --             --
 America
Tennessee
Allianz Life Ins. Co. of North   GSC1054                   --            --            --         157,353        105,960           67.3        204,805        109,349           53.4
 America\a
Blue Cross & Blue Shield of      65                         x             x             x               x              x              x      1,425,901        906,981           63.6
 Tennessee
                                 81                         x             x             x         275,579        180,953           65.7              x              x              x
                                 87                        --            --            --         275,285        197,160           71.6              x              x              x
                                 88                        --            --            --         327,879        207,811           63.4              x              x              x
Memphis Hospital Service &       BCBS-65 CO-          307,401       159,891          52.0         258,349        138,377           53.6             --             --             --
 Surgical Association, Inc.       051
Monumental Life Ins. Co.         MS3000PGM                 --            --            --               x              x              x        599,553        388,234           64.8
National Home Life Assurance     NH 910                    --            --            --         436,576        254,349           58.3        379,780        226,388           59.6
 Co.
                                 NH1380                    --            --            --       1,207,578        704,002           58.3      1,075,773        624,859           58.1
Provident Life & Accident Ins.   F-65872                    x             x             x         362,814        230,790           63.6              x              x              x
 Co.
                                 F-63150              266,513       183,625          68.9               x              x              x             --             --             --
USAA Life Ins. Co.               AG7001                    --            --            --              --             --             --        222,632        136,137           61.1
Texas
Allianz Life Ins. Co. of North   D603                      --            --            --               x              x              x        151,758         85,056           56.0
 America\a
Blue Cross & Blue Shield of      B-STCS-6                  --            --            --              --             --             --        369,231        255,822           69.3
 Texas, Inc.
                                 STCS-MS-3                 --            --            --              --             --             --     32,083,729     23,623,871           73.6
Business Mens Assurance Co. of   GR 838-1                   x             x             x         169,282        102,489           60.5        177,302        117,539           66.3
 America
Colonial Penn Franklin Ins. Co.  10-82-316                 --            --            --              --             --             --        152,169         39,540           26.0
Monumental Life Ins. Co.         MS3000PGM                 --            --            --         902,302        658,295           73.0              x              x              x
Principal Mutual Life Ins. Co.   GC500(D)TX W/      2,893,543     1,836,155          63.5       2,766,582      1,859,002           67.2      2,973,742      1,965,573           66.1
                                  GC5
Provident Life & Accident Ins.   F-65872                    x             x             x       1,065,014        730,840           68.6              x              x              x
 Co.
USAA Life Ins. Co.               AG7001                    --            --            --              --             --             --      1,815,308      1,167,540           64.3
Utah
Blue Cross & Blue Shield of      888365-001/3-             --            --            --              --             --             --        227,092         79,897           35.2
 Utah                             005
                                 888365-001/3-        186,752       115,687          61.9         254,474        105,445           41.4             --             --             --
                                  007
Educators Mutual Ins. Asso.      grpmedsup                 --            --            --              --             --             --        851,214        494,933           58.1
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        227,379        136,364           60.0
                                 SRP-7318             154,420       108,614          70.3              --             --             --        213,906        141,891           66.3
Virginia
Allianz Life Ins. Co. of North   GSC1054                   --            --            --              --             --             --        155,119         87,007           56.1
 America\a
Hartford Life Ins. Co.           SRP-7318                   x             x             x              --             --             --      3,373,704      2,508,593           74.4
Monumental Life Ins. Co.         MS3000PGM                 --            --            --         383,968        265,739           69.2        723,881        441,186           60.9
National Home Life Assurance     NH1380                    --            --            --       1,842,036      1,052,992           57.2             --             --             --
 Co.
                                 NH 910                    --            --            --         367,639        185,340           50.4        335,843        131,224           39.1
                                 NH1190                    --            --            --         155,312        102,452           66.0      1,710,957        955,243           55.8
Provident Life & Accident Ins.   F-65872              171,487       103,287          60.2         286,088        164,503           57.5        310,481        202,276           65.1
 Co.
Toyota Motor Life Ins Co         MSP2000              353,893       231,029          65.3              --             --             --             --             --             --
USAA Life Ins. Co.               AG4001               616,221       430,468          69.9              --             --             --             --             --             --
                                 AG7001                    --            --            --              --             --             --        556,266        383,448           68.9
Virgin Islands
Prudential Insurance Co. of      1                    175,394       104,459          59.6         171,783         77,349           45.0        211,584        154,816           73.2
 America
Washington
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --      1,426,186        831,905           58.3
                                 SRP-7318                   x             x             x              --             --             --      1,281,402        890,870           69.5
King County Medical Blue Shield  33900                176,657       131,382          74.4              --             --             --             --             --             --
                                 34200                163,003       121,226          74.4              --             --             --             --             --             --
                                 34000                403,586       300,151          74.4              --             --             --             --             --             --
                                 33800                253,384       188,444          74.4              --             --             --             --             --             --
                                 30000                     --            --            --         295,371        184,890           62.6             --             --             --
Monumental Life Ins. Co.         MS3000PGM                 --            --            --              --             --             --        412,942        252,967           61.3
National Home Life Assurance     NH1380                    --            --            --         382,224        178,032           46.6        350,784        192,762           55.0
 Co.
Principal Mutual Life Ins. Co.   GC500(D) W/          165,908        95,308          57.4         201,382        135,659           67.4        247,522        173,812           70.2
                                  GC552
Provident Life & Accident Ins.   F-65872                   --            --            --         255,325        145,843           57.1        253,880        147,473           58.1
 Co.
Toyota Motor Life Ins Co         MSP2000              208,423       145,837          70.0              --             --             --             --             --             --
USAA Life Ins. Co.               AG7001                    --            --            --              --             --             --        370,343        226,461           61.1
West Virginia
Mountain State Blue Cross &      ED 215                     x             x             x       1,060,026        628,015           59.2              x              x              x
 Blue Shield
                                 ED214              1,917,393     1,391,861          72.6               x              x              x              x              x              x
National Home Life Assurance     NH1380                    --            --            --         825,701        525,193           63.6        762,814        385,755           50.6
 Co.
Wisconsin
Hartford Life Ins. Co.           SRP-1261                  --            --            --              --             --             --        211,005        138,460           65.6
Life Investors Ins. Co. of       GMS 1,2,3\b          202,748       100,727          49.7              --             --             --             --             --             --
 America
Principal Mutual Life Ins. Co.   GC500(D) WITH      5,867,409     4,148,788          70.7               x              x              x              x              x              x
                                  GC
Provident Life & Accident Ins.   F-65872                    x             x             x         432,297        273,635           63.3              x              x              x
 Co.
====================================================================================================================================================================================
Total                                            $124,003,963   $76,285,311          61.5    $128,574,266    $80,243,654           62.4   $391,313,456   $263,476,478           67.3
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Legend:

X = Policy loss ratio met the applicable minimum federal standard.

 = Insurer reported no loss ratio experience or experience reported
was either not mature or not credible. 

\a Name changed from North American Life & Casualty in 1993. 

\b Companies included data for similar policies on a single
experience exhibit. 


MAJOR CONTRIBUTORS TO THIS REPORT
========================================================== Appendix IV

Thomas G.  Dowdal, Assistant Director, (202) 512-6588
William A.  Hamilton, Evaluator-in-Charge
Jerry G.  Baugher
Roger T.  Hultgren
Wayne J.  Turowski