SEC Filing | The Allstate Corporation

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As filed with the Securities and Exchange Commission on April 18, 2006 - ----------------------------------------------------------------------- FILE NO. 333-100068 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 4 TO FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALLSTATE LIFE INSURANCE COMPANY (Exact Name of Registrant) ILLINOIS 36-2554642 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification Number) 3100 SANDERS ROAD NORTHBROOK, ILLINOIS 60062 847/402-5000 (Address and Phone Number of Principal Executive Office) MICHAEL J. VELOTTA SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL ALLSTATE LIFE INSURANCE COMPANY 3100 SANDERS ROAD, SUITE J5B NORTHBROOK, ILLINOIS 60062 847/402-5000 (Name, Complete Address and Telephone Number of Agent for Service) COPIES TO: CHRISTOPHER S. PETITO, ESQUIRE LISETTE WILLEMSEN, ESQUIRE LEBOEUF, LAMB, GREENE & MACRAE, LLP ALLSTATE LIFE INSURANCE COMPANY 1875 CONNECTICUT AVE., N.W. 3100 SANDERS ROAD SUITE J5B WASHINGTON, D.C. 20009 NORTHBROOK, IL 60062 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box: /X/ Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to Section 8(a), may determine.

THE ALLSTATE ADVISOR VARIABLE ANNUITIES (ADVISOR, ADVISOR PLUS, ADVISOR PREFERRED) ALLSTATE LIFE INSURANCE COMPANY STREET ADDRESS: 2940 S. 84TH STREET, LINCOLN, NE 68506-4142 MAILING ADDRESS: P.O. BOX 80469, LINCOLN, NE 68501-0469 TELEPHONE NUMBER: 1-800-203-0068 FAX NUMBER: 1-866-628-1006 PROSPECTUS DATED MAY 1, 2006 ------------------------------------------------------------------------------- Allstate Life Insurance Company ("ALLSTATE LIFE") is offering the following individual and group flexible premium deferred variable annuity contracts (each, a "CONTRACT"): .. ALLSTATE ADVISOR .. ALLSTATE ADVISOR PLUS .. ALLSTATE ADVISOR PREFERRED This prospectus contains information about each Contract that you should know before investing. Please keep it for future reference. Not all Contracts may be available in all states or through your sales representative. Please check with your sales representative for details. Each Contract currently offers several investment alternatives ("INVESTMENT ALTERNATIVES"). The investment alternatives include up to 3 fixed account options ("FIXED ACCOUNT OPTIONS"), depending on the Contract, and include 54* variable sub-accounts ("VARIABLE SUB-ACCOUNTS") of the Allstate Financial Advisors Separate Account I ("VARIABLE ACCOUNT"). Each Variable Sub-Account invests exclusively in shares of the following funds ("FUNDS"): FIDELITY(R) VARIABLE INSURANCE PRODUCTS PUTNAM VARIABLE TRUST (CLASS IB) FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS VAN KAMPEN LIFE INVESTMENT TRUST (CLASS 2) II) LORD ABBETT SERIES FUND, INC.(CLASS VC) THE UNIVERSAL INSTITUTIONAL FUNDS, INC. OPPENHEIMER VARIABLE ACCOUNT FUNDS (SERVICE SHARES) (CLASS I & II) *Up to 61 Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 51 for information about Variable Sub-Account and/or Portfolio liquidations, mergers, closures and name changes. Each Fund has multiple investment Portfolios ("PORTFOLIOS"). Not all of the Funds and/or Portfolios, however, may be available with your Contract. You should check with your sales representative for further information on the availability of the Funds and/or Portfolios. Your annuity application will list all available Portfolios. For ALLSTATE ADVISOR PLUS CONTRACTS, each time you make a purchase payment, we will add to your Contract value ("CONTRACT VALUE") a credit enhancement ("CREDIT ENHANCEMENT") of up to 5% (depending on the issue age and your total purchase payments) of such purchase payment. Expenses for this Contract may be higher than a Contract without the Credit Enhancement. Over time, the amount of the Credit Enhancement may be more than offset by the fees associated with the Credit Enhancement. WE (Allstate Life) have filed a Statement of Additional Information, dated May 1, 2006, with the Securities and Exchange Commission ("SEC"). It contains more information about each Contract and is incorporated herein by reference, which means that it is legally a part of this prospectus. Its table of contents appears on page 98 of this prospectus. For a free copy, please write or call us at the address or telephone number above, or go to the SEC's Web site (http://www.sec.gov). You can find other information and documents about us, including documents that are legally part of this prospectus, at the SEC's Web site. 1 PROSPECTUS

THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED THE SECURITIES DESCRIBED IN THIS PROSPECTUS, NOR HAS IT PASSED ON THE ACCURACY OR THE ADEQUACY OF THIS PROSPECTUS. ANYONE WHO TELLS YOU OTHERWISE IS COMMITTING A FEDERAL CRIME. IMPORTANT THE CONTRACTS MAY BE DISTRIBUTED THROUGH BROKER-DEALERS THAT HAVE RELATIONSHIPS WITH BANKS OR OTHER FINANCIAL INSTITUTIONS NOTICES OR BY EMPLOYEES OF SUCH BANKS. HOWEVER, THE CONTRACTS ARE NOT DEPOSITS IN, OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED BY, SUCH INSTITUTIONS OR ANY FEDERAL REGULATORY AGENCY. INVESTMENT IN THE CONTRACTS INVOLVES INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL. THE CONTRACTS ARE NOT FDIC INSURED. 2 PROSPECTUS

TABLE OF CONTENTS - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- OVERVIEW - -------------------------------------------------------------------------------- Important Terms 4 - -------------------------------------------------------------------------------- Overview of Contracts 6 - -------------------------------------------------------------------------------- The Contracts at a Glance 7 - -------------------------------------------------------------------------------- How the Contracts Work 12 - -------------------------------------------------------------------------------- Expense Table 13 - -------------------------------------------------------------------------------- Financial Information 23 - -------------------------------------------------------------------------------- CONTRACT FEATURES - -------------------------------------------------------------------------------- The Contracts 23 - -------------------------------------------------------------------------------- Purchases 26 - -------------------------------------------------------------------------------- Contract Value 27 - -------------------------------------------------------------------------------- Investment Alternatives 51 - -------------------------------------------------------------------------------- The Variable Sub-Accounts 51 - -------------------------------------------------------------------------------- The Fixed Account Options 57 - -------------------------------------------------------------------------------- Transfers 61 - -------------------------------------------------------------------------------- Expenses 65 - -------------------------------------------------------------------------------- Access to Your Money 70 - -------------------------------------------------------------------------------- Income Payments 71 - -------------------------------------------------------------------------------- Death Benefits 80 - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- More Information 88 - -------------------------------------------------------------------------------- Taxes 91 - -------------------------------------------------------------------------------- Annual Reports and Other Documents 97 - -------------------------------------------------------------------------------- STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS 98 - -------------------------------------------------------------------------------- APPENDIX A-ALLSTATE ADVISOR CONTRACT COMPARISON CHART 99 - -------------------------------------------------------------------------------- APPENDIX B-MARKET VALUE ADJUSTMENT 101 - -------------------------------------------------------------------------------- APPENDIX C-CALCULATION OF INCOME PROTECTION BENEFIT 103 - -------------------------------------------------------------------------------- APPENDIX D-WITHDRAWAL ADJUSTMENT EXAMPLE-INCOME BENEFITS 104 - -------------------------------------------------------------------------------- APPENDIX E-WITHDRAWAL ADJUSTMENT EXAMPLE-DEATH BENEFITS 105 - -------------------------------------------------------------------------------- APPENDIX F-CALCULATION OF EARNINGS PROTECTION DEATH BENEFIT 106 - -------------------------------------------------------------------------------- APPENDIX G-WITHDRAWAL ADJUSTMENT EXAMPLE-TRUERETURN ACCUMULATION BENEFIT 109 - -------------------------------------------------------------------------------- APPENDIX H-SUREINCOME WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 110 - -------------------------------------------------------------------------------- APPENDIX I-SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 112 - -------------------------------------------------------------------------------- APPENDIX J-SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 115 - -------------------------------------------------------------------------------- APPENDIX K-ACCUMULATION UNIT VALUES 119 - -------------------------------------------------------------------------------- 3 PROSPECTUS

IMPORTANT TERMS - -------------------------------------------------------------------------------- This prospectus uses a number of important terms that you may not be familiar with. The index below identifies the page that describes each term. The first use of each term in this prospectus appears in highlights. PAGE - -------------------------------------------------------------------------------- AB Factor 28 - -------------------------------------------------------------------------------- Accumulation Benefit 28 - -------------------------------------------------------------------------------- Accumulation Phase 12 - -------------------------------------------------------------------------------- Accumulation Unit 23 - -------------------------------------------------------------------------------- Accumulation Unit Value 23 - -------------------------------------------------------------------------------- Allstate Life ("We") 88 - -------------------------------------------------------------------------------- Annuitant 24 - -------------------------------------------------------------------------------- Automatic Additions Program 26 - -------------------------------------------------------------------------------- Automatic Portfolio Rebalancing Program 63 - -------------------------------------------------------------------------------- Beneficiary 25 - -------------------------------------------------------------------------------- Benefit Base (for the TrueReturn Accumulation Benefit Option) 29 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome Plus Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome For Life Withdrawal Benefit Option) 46 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome Plus Withdrawal Benefit Option) 42 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome For Life Withdrawal Benefit Option) 45 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome Plus Withdrawal Benefit Option) 42 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome For Life Withdrawal Benefit Option) 45 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome Plus Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome For Life Withdrawal Benefit Option) 45 - -------------------------------------------------------------------------------- Co-Annuitant 24 - -------------------------------------------------------------------------------- *Contract 23 - -------------------------------------------------------------------------------- Contract Anniversary 8 - -------------------------------------------------------------------------------- Contract Owner ("You") 23 - -------------------------------------------------------------------------------- Contract Value 27 - -------------------------------------------------------------------------------- Contract Year 9 - -------------------------------------------------------------------------------- Credit Enhancement 26 - -------------------------------------------------------------------------------- Dollar Cost Averaging Program 63 - -------------------------------------------------------------------------------- Due Proof of Death 80 - -------------------------------------------------------------------------------- Earnings Protection Death Benefit Option 82 - -------------------------------------------------------------------------------- Enhanced Beneficiary Protection (Annual Increase) Option 82 - -------------------------------------------------------------------------------- Excess of Earnings Withdrawal 83 - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- Fixed Account Options 57 - -------------------------------------------------------------------------------- Free Withdrawal Amount 68 - -------------------------------------------------------------------------------- Funds 1 - -------------------------------------------------------------------------------- Guarantee Option 28 - -------------------------------------------------------------------------------- Guarantee Period Accounts 58 - -------------------------------------------------------------------------------- Income Base 78 - -------------------------------------------------------------------------------- Income Plan 71 - -------------------------------------------------------------------------------- Income Protection Benefit Option 75 - -------------------------------------------------------------------------------- In-Force Earnings 83 - -------------------------------------------------------------------------------- In-Force Premium 83 - -------------------------------------------------------------------------------- Investment Alternatives 51 - -------------------------------------------------------------------------------- IRA Contract 9 - -------------------------------------------------------------------------------- Issue Date 12 - -------------------------------------------------------------------------------- Market Value Adjustment 60 - -------------------------------------------------------------------------------- Maximum Anniversary Value 81 - -------------------------------------------------------------------------------- Maximum Anniversary Value (MAV) Death Benefit Option 81 - -------------------------------------------------------------------------------- Payout Phase 12 - -------------------------------------------------------------------------------- Payout Start Date 71 - -------------------------------------------------------------------------------- Portfolios 88 - -------------------------------------------------------------------------------- Qualified Contract 23 - -------------------------------------------------------------------------------- Retirement Income Guarantee Options 67 - -------------------------------------------------------------------------------- Return of Premium Death Benefit 81 - -------------------------------------------------------------------------------- Rider Anniversary 28 - -------------------------------------------------------------------------------- Rider Application Date 38 - -------------------------------------------------------------------------------- Rider Date (for the TrueReturn Accumulation Benefit Option) 28 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome Plus Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome For Life Withdrawal Benefit Option) 45 - -------------------------------------------------------------------------------- Rider Fee (for the TrueReturn Accumulation Benefit Option) 29 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome Plus Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome For Life Withdrawal Benefit Option) 46 - -------------------------------------------------------------------------------- Rider Fee Percentage 66 - -------------------------------------------------------------------------------- Rider Maturity Date 28 - -------------------------------------------------------------------------------- Rider Period 28 - -------------------------------------------------------------------------------- Rider Trade-In Option (for the TrueReturn Accumulation Benefit Option) 36 - -------------------------------------------------------------------------------- Rider Trade-In Option (for the SureIncome Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Right to Cancel 27 - -------------------------------------------------------------------------------- SEC 1 - -------------------------------------------------------------------------------- 4 PROSPECTUS

- -------------------------------------------------------------------------------- Settlement Value 81 - -------------------------------------------------------------------------------- Spousal Protection Benefit (Co-Annuitant) Option 24 - -------------------------------------------------------------------------------- Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirements Accounts 24 - -------------------------------------------------------------------------------- Standard Fixed Account Option 58 - -------------------------------------------------------------------------------- SureIncome Covered Life 45 - -------------------------------------------------------------------------------- SureIncome Option Fee 67 - -------------------------------------------------------------------------------- SureIncome Plus Option 41 - -------------------------------------------------------------------------------- SureIncome Plus Option Fee 8 - -------------------------------------------------------------------------------- SureIncome Plus Withdrawal Benefit Option 41 - -------------------------------------------------------------------------------- SureIncome For Life Option 44 - -------------------------------------------------------------------------------- SureIncome For Life Option Fee 8 - -------------------------------------------------------------------------------- SureIncome For Life Withdrawal Benefit Option 44 - -------------------------------------------------------------------------------- SureIncome ROP Death Benefit 41 - -------------------------------------------------------------------------------- SureIncome Withdrawal Benefit Option 38 - -------------------------------------------------------------------------------- Systematic Withdrawal Program 71 - -------------------------------------------------------------------------------- Tax Qualified Contract 94 - -------------------------------------------------------------------------------- Transfer Period Accounts 31 - -------------------------------------------------------------------------------- Trial Examination Period 27 - -------------------------------------------------------------------------------- TrueBalance/SM/ Asset Allocation Program 55 - -------------------------------------------------------------------------------- TrueReturn/SM/ Accumulation Benefit Option 57 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Valuation Date 26 - -------------------------------------------------------------------------------- Variable Account 88 - -------------------------------------------------------------------------------- Variable Sub-Account 51 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (For the SureIncome Plus Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome For Life Withdrawal Benefit Option) 45 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome Plus Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome For Life Withdrawal Benefit Option) 45 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome Plus Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome For Life Withdrawal Benefit Option) 47 - -------------------------------------------------------------------------------- Withdrawal Benefit Option 37 - -------------------------------------------------------------------------------- Withdrawal Benefit Option Fee 67 - -------------------------------------------------------------------------------- * In certain states a Contract may be available only as a group Contract. If you purchase a group Contract, we will issue you a certificate that represents your ownership and that summarizes the provisions of the group Contract. References to "Contract" in this prospectus include certificates, unless the context requires otherwise. References to "Contract" also include all three Contracts listed on the cover page of this prospectus, unless otherwise noted. However, we administer each Contract separately. 5 PROSPECTUS

OVERVIEW OF CONTRACTS - -------------------------------------------------------------------------------- The Contracts offer many of the same basic features and benefits./+/ They differ primarily with respect to the charges imposed, as follows: .. The ALLSTATE ADVISOR CONTRACT has a mortality and expense risk charge of 1.10%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 7-year withdrawal charge period; .. The ALLSTATE ADVISOR PLUS CONTRACT offers Credit Enhancement of up to 5% on purchase payments, a mortality and expense risk charge of 1.40%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 8.5% with an 8-year withdrawal charge period; .. The ALLSTATE ADVISOR PREFERRED CONTRACT WITH 5-YEAR WITHDRAWAL CHARGE OPTION ("Package III") has a mortality and expense risk charge of 1.40%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 5-year withdrawal charge period; .. The ALLSTATE ADVISOR PREFERRED CONTRACT WITH 3-YEAR WITHDRAWAL CHARGE OPTION ("Package II") has a mortality and expense risk charge of 1.50%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 3-year withdrawal charge period; and .. The ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION ("Package I") has a mortality and expense risk charge of 1.60%, an administrative expense charge of 0.19%*, and no withdrawal charges. Other differences among the Contracts relate to available Fixed Account Options. For a side-by-side comparison of these differences, please refer to Appendix A of this prospectus. + Some broker/dealers and banks may limit the purchase of optional benefits and may limit participation in certain programs. Your individual sales representative will describe any such limitations to you. * The administrative expense charge may be increased, but will never exceed 0.35%. Once your Contract is issued, we will not increase the administrative expense charge for your Contract. 6 PROSPECTUS

THE CONTRACTS AT A GLANCE - -------------------------------------------------------------------------------- The following is a snapshot of the Contracts. Please read the remainder of this prospectus for more information. FLEXIBLE PAYMENTS You can purchase each Contract with as little as $10,000 ($2,000 for Contracts issued with an IRA or TSA). You can add to your Contract as often and as much as you like, but each subsequent payment must be at least $1,000 ($50 for automatic payments). We reserve the right to accept a lesser initial purchase payment amount for each Contract. We may limit the cumulative amount of purchase payments to a maximum of $1,000,000 in any Contract. For ALLSTATE ADVISOR PLUS CONTRACTS, each time you make a purchase payment, we will add to your Contract Value a Credit Enhancement of up to 5% of such purchase payment. - --------------------------------------------------------------------------------------- TRIAL EXAMINATION PERIOD You may cancel your Contract within 20 days of receipt or any longer period as your state may require ("TRIAL EXAMINATION PERIOD"). Upon cancellation, we will return your purchase payments adjusted, to the extent federal or state law permits, to reflect the investment experience of any amounts allocated to the Variable Account, including the deduction of mortality and expense risk charges and administrative expense charges. If you cancel your Contract during the TRIAL EXAMINATION PERIOD, the amount we refund to you will not include any Credit Enhancement. See "Trial Examination Period" for details. - --------------------------------------------------------------------------------------- EXPENSES Each Portfolio pays expenses that you will bear indirectly if you invest in a Variable Sub-Account. You also will bear the following expenses: ALLSTATE ADVISOR CONTRACTS .Annual mortality and expense risk charge equal to 1.10% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. ALLSTATE ADVISOR PLUS CONTRACTS .Annual mortality and expense risk charge equal to 1.40% of average daily net assets. .Withdrawal charges ranging from 0% to 8.5% of purchase payments withdrawn. ALLSTATE ADVISOR PREFERRED CONTRACTS (WITH 5-YEAR WITHDRAWAL CHARGE OPTION) .Annual mortality and expense risk charge equal to 1.40% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. ALLSTATE ADVISOR PREFERRED CONTRACTS (WITH 3-YEAR WITHDRAWAL CHARGE OPTION) .Annual mortality and expense risk charge equal to 1.50% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. 7 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS (WITH NO WITHDRAWAL CHARGE OPTION) .Annual mortality and expense risk charge equal to 1.60% of average daily net assets. . No withdrawal charge. ALL CONTRACTS .Annual administrative expense charge of 0.19% (up to 0.35% for future Contracts). .Annual contract maintenance charge of $30 (waived in certain cases). .If you select the MAXIMUM ANNIVERSARY VALUE (MAV) DEATH BENEFIT OPTION ("MAV DEATH BENEFIT OPTION") you will pay an additional mortality and expense risk charge of 0.20%* (up to 0.30% for Options added in the future). .If you select ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, you will pay an additional mortality and expense risk charge of 0.30%*. .If you select the EARNINGS PROTECTION DEATH BENEFIT OPTION you will pay an additional mortality and expense risk charge of 0.25% or 0.40% (up to 0.35% or 0.50% for Options added in the future) depending on the age of the oldest Owner and oldest Annuitant on the date we receive the completed application or request to add the benefit, whichever is later ("RIDER APPLICATION DATE"). . If you select the TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION ("TRUERETURN OPTION") you would pay an additional annual fee ("RIDER FEE") of 0.50% (up to 1.25% for Options added in the future) of the BENEFIT BASE in effect on each Contract anniversary ("CONTRACT ANNIVERSARY") during the Rider Period. You may not select the TrueReturn Option together with a Retirement Income Guarantee Option or any Withdrawal Benefit Option. . If you select the SUREINCOME OPTION, you would pay an additional annual fee ("SUREINCOME OPTION FEE") of 0.50% of the BENEFIT BASE on each Contract Anniversary (see the SureIncome Option Fee section). You may not select the SureIncome Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .If you select the SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION ("SUREINCOME PLUS OPTION") you would pay an additional annual fee ("SUREINCOME PLUS OPTION FEE") of 0.65% (up to 1.25% for Options added in the future) of the BENEFIT BASE on each Contract Anniversary (see the SureIncome Plus Option Fee section). You may not select the SureIncome Plus Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .If you select the SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION ("SUREINCOME FOR LIFE OPTION") you would pay an additional annual fee ("SUREINCOME FOR LIFE OPTION FEE") of 0.65% (up to 1.25% for Options added in the future) of the BENEFIT BASE on each Contract Anniversary (see the SureIncome For Life Option Fee section). You may not select the SureIncome For Life Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. 8 PROSPECTUS

.We discontinued offering RETIREMENT INCOME GUARANTEE OPTION 1 ("RIG 1") as of January 1, 2004 (up to May 1, 2004 in certain states). If you elected RIG 1 prior to May 1, 2004, you will pay an additional annual fee ("Rider Fee") of 0.40%* of the INCOME BASE in effect on a Contract Anniversary. We discontinued offering RETIREMENT INCOME GUARANTEE OPTION 2 ("RIG 2") as of January 1, 2004 (up to May 1, 2004 in certain states). If you elected RIG 2 prior to May 1, 2004, you will pay an additional annual Rider Fee of 0.55%* of the INCOME BASE in effect on a Contract Anniversary. DIFFERENT RATES APPLY TO CONTRACT OWNERS WHO ADDED THESE OPTIONS PRIOR TO MAY 1, 2003. SEE PAGE 15 FOR DETAILS. .If you select the INCOME PROTECTION BENEFIT OPTION you will pay an additional mortality and expense risk charge of 0.50% (up to 0.75% for Options added in the future) during the Payout Phase of your Contract. .If you select the SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION OR SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS ("CSP") you would pay an additional annual fee ("RIDER FEE") of 0.10%** (up to 0.15% for Options added in the future) of the Contract Value ("CONTRACT VALUE") on each Contract Anniversary. These Options are only available for certain types of IRA Contracts, which are Contracts issued with an Individual Retirement Annuity or Account ("IRA") under Section 408 of the Internal Revenue Code. The CSP is only available for certain Custodial Individual Retirement Accounts established under Section 408 of the Internal Revenue Code. For Contracts purchased on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option at any time prior to the time you elect to receive it.** **NO RIDER FEE WAS CHARGED FOR THESE OPTIONS FOR CONTRACT OWNERS WHO ADDED THESE OPTIONS PRIOR TO JANUARY 1, 2005. SEE PAGE 24 FOR DETAILS. .Transfer fee equal to 1.00% (subject to increase to up to 2.00%) of the amount transferred after the 12/th/ transfer in any Contract Year ("CONTRACT YEAR"), which we measure from the date we issue your Contract or a Contract Anniversary. . State premium tax (if your state imposes one) . NOT ALL OPTIONS ARE AVAILABLE IN ALL STATES. WE MAY DISCONTINUE ANY OF THESE OPTIONS AT ANY TIME PRIOR TO THE TIME YOU ELECT TO RECEIVE IT. 9 PROSPECTUS

- --------------------------------------------------------------------------------------- INVESTMENT ALTERNATIVES Each Contract offers several investment alternatives including: .up to 3 Fixed Account Options that credit interest at rates we guarantee, and .54* Variable Sub-Accounts investing in Portfolios offering professional money management by these investment advisers: . Fidelity Management & Research Company . Franklin Advisers, Inc. . Franklin Advisory Services, LLC . Franklin Mutual Advisers, LLC . Lord, Abbett & Co. LLC . OppenheimerFunds, Inc. . Putnam Investment Management, LLC . Templeton Asset Management Ltd. . Templeton Investment Counsel, LLC . Van Kampen Asset Management . Van Kampen** *Up to 61 Variable Sub-Accounts may be available depending on the date your purchased your Contract. Please see page 51 for information about Sub-Account and/or Portfolio liquidations, mergers, closures and name changes. **Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. NOT ALL FIXED ACCOUNT OPTIONS ARE AVAILABLE IN ALL STATES OR WITH ALL CONTRACTS. To find out current rates being paid on the Fixed Account Option(s), or to find out how the Variable Sub-Accounts have performed, please call us at 1-800-203-0068. - --------------------------------------------------------------------------------------- SPECIAL SERVICES For your convenience, we offer these special services: . AUTOMATIC PORTFOLIO REBALANCING PROGRAM . AUTOMATIC ADDITIONS PROGRAM . DOLLAR COST AVERAGING PROGRAM . SYSTEMATIC WITHDRAWAL PROGRAM . TRUEBALANCE/SM/ ASSET ALLOCATION PROGRAM - --------------------------------------------------------------------------------------- 10 PROSPECTUS

INCOME PAYMENTS You can choose fixed income payments, variable income payments, or a combination of the two. You can receive your income payments in one of the following ways (you may select more than one income plan): . life income with guaranteed number of payments . joint and survivor life income with guaranteed number of payments . guaranteed number of payments for a specified period . life income with cash refund . joint life income with cash refund . life income with installment refund . joint life income with installment refund Prior to May 1, 2004, Allstate Life also offered two Retirement Income Guarantee Options that guarantee a minimum amount of fixed income payments you can receive if you elect to receive income payments. In addition, we offer an Income Protection Benefit Option that guarantees that your variable income payments will not fall below a certain level. DEATH BENEFITS If you, the Annuitant, or Co-Annuitant die before the Payout Start Date, we will pay a death benefit subject to the conditions described in the Contract. In addition to the death benefit included in your Contract ("RETURN OF PREMIUM DEATH BENEFIT" or "ROP Death Benefit"), the death benefit options we currently offer include: . MAV DEATH BENEFIT OPTION; .ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION; and . EARNINGS PROTECTION DEATH BENEFIT OPTION The SureIncome Plus Option and SureIncome For Life Option also include a death benefit option, the SureIncome Return of Premium Death Benefit, ("SUREINCOME ROP DEATH BENEFIT"). - --------------------------------------------------------------------------------------- TRANSFERS Before the Payout Start Date, you may transfer your Contract Value among the investment alternatives, with certain restrictions. The minimum amount you may transfer is $100 or the amount remaining in the investment alternative, if less. The minimum amount that can be transferred into the Standard Fixed Account or Market Value Adjusted Account Options is $100. A charge may apply after the 12/th/ transfer in each Contract Year. - --------------------------------------------------------------------------------------- WITHDRAWALS You may withdraw some or all of your Contract Value at any time during the Accumulation Phase and during the Payout Phase in certain cases. In general, you must withdraw at least $50 at a time. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. A withdrawal charge and a MARKET VALUE ADJUSTMENT may also apply. If any withdrawal reduces your Contract Value to less than $1,000, we will treat the request as a withdrawal of the entire Contract Value, unless a Withdrawal Benefit Option is in effect under your Contract. Your Contract will terminate if you withdraw all of your Contract Value. 11 PROSPECTUS

HOW THE CONTRACTS WORK - -------------------------------------------------------------------------------- Each Contract basically works in two ways. First, each Contract can help you (we assume you are the "CONTRACT OWNER") save for retirement because you can invest in your Contract's investment alternatives and generally pay no federal income taxes on any earnings until you withdraw them. You do this during what we call the "ACCUMULATION PHASE" of the Contract. The Accumulation Phase begins on the date we issue your Contract (we call that date the "ISSUE DATE") and continues until the Payout Start Date, which is the date we apply your money to provide income payments. During the Accumulation Phase, you may allocate your purchase payments to any combination of the Variable Sub-Accounts and/or Fixed Account Options. If you invest in a Fixed Account Option, you will earn a fixed rate of interest that we declare periodically. If you invest in any of the Variable Sub-Accounts, your investment return will vary up or down depending on the performance of the corresponding Portfolios. Second, each Contract can help you plan for retirement because you can use it to receive retirement income for life and/ or for a pre-set number of years, by selecting one of the income payment options (we call these "INCOME PLANS") described on 71. You receive income payments during what we call the "PAYOUT PHASE" of the Contract, which begins on the Payout Start Date and continues until we make the last payment required by the Income Plan you select. During the Payout Phase, if you select a fixed income payment option, we guarantee the amount of your payments, which will remain fixed. If you select a variable income payment option, based on one or more of the Variable Sub-Accounts, the amount of your payments will vary up or down depending on the performance of the corresponding Portfolios. The amount of money you accumulate under your Contract during the Accumulation Phase and apply to an Income Plan will determine the amount of your income payments during the Payout Phase. The timeline below illustrates how you might use your Contract. Issue Payout Start Date Accumulation Phase Date Payout Phase - ------------------------------------------------------------------------------------------------------------> You buy You save for retirement You elect to receive You can receive Or you can receive a Contract income payments or income payments income payments receive a lump sum for a set period for life payment Other income payment options are also available. See "INCOME PAYMENTS." As the Contract Owner, you exercise all of the rights and privileges provided by the Contract. If you die, any surviving Contract Owner or, if there is none, the BENEFICIARY will exercise the rights and privileges provided by the Contract. See "The Contracts." In addition, if you die before the Payout Start Date, we will pay a death benefit to any surviving Contract Owner or, if there is none, to your Beneficiary. See "Death Benefits." Please call us at 1-800-203-0068 if you have any question about how the Contracts work. 12 PROSPECTUS

VARIABLE ACCOUNT ANNUAL EXPENSES (AS A PERCENTAGE OF AVERAGE DAILY NET ASSET VALUE DEDUCTED FROM EACH VARIABLE SUB-ACCOUNT) If you select the basic Contract without any optional benefits, your Variable Account expenses would be as follows: Mortality and Expense Risk Administrative Basic Contract (without any optional benefit) Charge Expense Charge* - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor 1.10% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Plus 1.40% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (5- year Withdrawal Charge Option) 1.40% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (3- year Withdrawal Charge Option) 1.50% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (No Withdrawal Charge Option) 1.60% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Total Variable Account Basic Contract (without any optional benefit) Annual Expense - ------------------------------------------------------------------------------------------------------ Allstate Advisor 1.29% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Plus 1.59% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (5- year Withdrawal Charge Option) 1.59% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (3- year Withdrawal Charge Option) 1.69% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (No Withdrawal Charge Option) 1.79% - ------------------------------------------------------------------------------------------------------ * We reserve the right to raise the administrative expense charge to 0.35%. However, we will not increase the charge once we issue your Contract. Each Contract also offers optional riders that may be added to the Contract. For each optional rider you select, you would pay the following additional mortality and expense risk charge associated with each rider. MAV Death Benefit Option 0.20%* (up to 0.30% for Options added in the future) Enhanced Beneficiary Protection (Annual Increase) Option 0.30 %* Earnings Protection Death Benefit Option (issue 0.25% (up to 0.35% for Options added in age 0-70) the future) Earnings Protection Death Benefit Option (issue 0.40% (up to 0.50% for Options added in age 71-79) the future) *For Contract Owners who added the MAV Death Benefit Option or Enhanced Beneficiary Protection (Annual Increase) Option prior to May 1, 2003, the additional mortality and expense risk charge associated with each Option is 0.15%. If you select the Options with the highest possible combination of mortality and expense risk charges, your Variable Account expenses would be as follows, assuming current expenses: Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, and Earnings Mortality and Expense Protection Death Benefit Option (issue age 71-79) Risk Charge* - ------------------------------------------------------------------------------------------------------- Allstate Advisor 2.00% - ------------------------------------------------------------------------------------------------------- Allstate Advisor Plus 2.30% - ------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (5- year Withdrawal Charge Option) 2.30% - ------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (3- year Withdrawal Charge Option) 2.40% - ------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (No Withdrawal Charge Option) 2.50% - ------------------------------------------------------------------------------------------------------- Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, and Earnings Administrative Protection Death Benefit Option (issue age 71-79) Expense Charge* - ----------------------------------------------------------------------------------------------- Allstate Advisor 0.19% - ----------------------------------------------------------------------------------------------- Allstate Advisor Plus 0.19% - ----------------------------------------------------------------------------------------------- Allstate Advisor Preferred (5- year Withdrawal Charge Option) 0.19% - ----------------------------------------------------------------------------------------------- Allstate Advisor Preferred (3- year Withdrawal Charge Option) 0.19% - ----------------------------------------------------------------------------------------------- Allstate Advisor Preferred (No Withdrawal Charge Option) 0.19% - ----------------------------------------------------------------------------------------------- Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, and Earnings Total Variable Account Protection Death Benefit Option (issue age 71-79) Annual Expense - ------------------------------------------------------------------------------------------------------ Allstate Advisor 2.19% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Plus 2.49% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (5- year Withdrawal Charge Option) 2.49% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (3- year Withdrawal Charge Option) 2.59% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (No Withdrawal Charge Option) 2.69% - ------------------------------------------------------------------------------------------------------ *As described above the administrative expense charge and the mortality and expense charge for certain Options may be higher for future Contracts. However, we will not increase the administrative expense charge once we issue your Contract, and we will not increase the charge for an Option once we add the Option to your Contract. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON EACH CONTRACT ANNIVERSARY) TrueReturn/SM/ Accumulation Benefit Option 0.50 %* - ----------------------------------------------------------------------------------------------------------------- *Up to 1.25% for Options added in the future. See "TrueReturn/SM/ Accumulation Benefit Option" for details. SUREINCOME WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON EACH CONTRACT ANNIVERSARY) SureIncome Withdrawal Benefit Option 0.50 %* - ------------------------------------------------------------------------------------------------------------------ * Up to 1.25% for SureIncome Options added in the future. See "SureIncome Withdrawal Benefit Option" for details. SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON EACH CONTRACT ANNIVERSARY) SureIncome Plus Withdrawal Benefit Option 0.65%* - ----------------------------------------------------------------------------------------------------------------- 14 PROSPECTUS

*Up to 1.25% for SureIncome Plus Options added in the future. See "SureIncome Plus Withdrawal Benefit Option" for details. SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON EACH CONTRACT ANNIVERSARY) SureIncome For Life Withdrawal Benefit Option 0.65%* - --------------------------------------------------------------------------------------------------------------- *Up to 1.25% for SureIncome For Life Options added in the future. See "SureIncome For Life Withdrawal Benefit Option" for details. RETIREMENT INCOME GUARANTEE OPTION FEE* If you selected RIG 1, you would pay a Rider Fee at the annual rate of 0.40%** of the Income Base in effect on a Contract Anniversary. If you selected RIG 2, you would pay an additional Rider Fee at the annual rate of 0.55%** of the Income Base in effect on a Contract Anniversary. See "Retirement Income Guarantee Options" for details. *We discontinued offering the Retirement Income Guarantee Options as of January 1, 2004 (up to May 1, 2004 in certain states). Fees shown apply to Contract Owners who selected an Option prior to January 1, 2004 (up to May 1, 2004 in certain states). **For Contract Owners who added RIG 1 prior to May 1, 2003, the annual rate is 0.25%. For Contract Owners who added RIG 2 prior to May 1, 2003, the annual rate is 0.45%. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FEE (AS A PERCENTAGE OF CONTRACT VALUE ON EACH CONTRACT ANNIVERSARY) Spousal Protection Benefit (Co-Annuitant) Option 0.10 %* - ---------------------------------------------------------------------------------------------------- *Applies to Contract Owners who select the Option on or after January 1, 2005. Up to 0.15% for options added in the future. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS FEE (AS A PERCENTAGE OF CONTRACT VALUE ON EACH CONTRACT ANNIVERSARY) Spousal Protection Benefit (Co-Annuitant) Option 0.10 %* - ---------------------------------------------------------------------------------------------------- *Applies to Contract Owners who select the Option on or after January 1, 2005. Up to 0.15% for options added in the future. If you select the Spousal Protection Benefit (Co-Annuitant) Option or Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts on or after January 1, 2005, you will pay a Rider Fee at the annual rate of 0.10% of the Contract Value on each Contract Anniversary. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. If you selected either of these Options prior to January 1, 2005, there is no charge associated with your Option. See "Spousal Protection Benefit (Co-Annuitant) Option Fee and Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts Fee" for details. INCOME PROTECTION BENEFIT OPTION The Contracts are also available with the Income Protection Benefit Option. See "Income Payments - Income Protection Benefit Option," below, for a description of the Option. The charge for the Income Protection Benefit Option is currently 0.50% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. The charge for the Income Protection Benefit Option applies during the Payout Phase. We reserve the right to raise the Income Protection Benefit Option charge to up to 0.75%. Once your Income Protection Benefit Option is in effect, however, we may not change the fee that applies to your Contract. See "Expenses - Mortality and Expense Risk Charge," below, for details. 15 PROSPECTUS

PORTFOLIO ANNUAL EXPENSES - MINIMUM AND MAXIMUM The next table shows the minimum and maximum total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Contract. Advisers and/or other service providers of certain Portfolios may have agreed to waive their fees and/or reimburse Portfolio expenses in order to keep the Portfolios' expenses below specified limits. The range of expenses shown in this table does not show the effect of any such fee waiver or expense reimbursement. More detail concerning each Portfolio's fees and expenses appears in the second table below and in the prospectus for each Portfolio. PORTFOLIO ANNUAL EXPENSES - ---------------------------------------------------------------------------------- Minimum Maximum - ---------------------------------------------------------------------------------- Total Annual Portfolio Operating Expenses/(1)/ (expenses that are deducted from Portfolio assets, which may include management fees, distribution and/or services (12b-1) fees, 0.35% 1.81% and other expenses) - ---------------------------------------------------------------------------------- PORTFOLIO ANNUAL EXPENSES - (AS A PERCENTAGE OF PORTFOLIO AVERAGE DAILY NET ASSETS)(1) The next table shows the Portfolio operating expenses for each Portfolio available under the Contract. These expenses may vary from year to year. Advisers and/or other service providers of certain Portfolios have agreed to waive their fees and/or other Portfolio expenses in order to keep the Portfolio's expenses below specified limits. The expenses shown in the table below do not show the effect of any such fee waiver or expense reimbursement. All fee waiver and expense reimbursements are described in the footnotes to the table. More detail concerning each Portfolio's fees and expenses appears in the prospectus for each Portfolio. Management Rule12b-1 Other Total Annual PORTFOLIO Fees Fees Expenses Portfolio Expenses - -------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) Portfolio - Service Class 2 0.57 % 0.25% 0.09 % 0.91% (2) - --------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 Portfolio - Service Class 2 N/A 0.25% N/A 0.86% (3) - --------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 Portfolio - Service Class 2 N/A 0.25% N/A 0.93% (3) - --------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 Portfolio - Service Class 2 N/A 0.25% N/A 0.97% (3) - --------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income Portfolio - Service Class 2 N/A 0.25% N/A 0.72% (3) - --------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock Portfolio - Service Class 2 0.57 % 0.25% 0.69 % 1.51% (4)(5)(7) - --------------------------------------------------------------------------------------------- Fidelity VIP Index 500 Portfolio - Service Class 2 0.10 % 0.25% 0.00 % 0.35% (6)(7) - --------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap Portfolio - Service Class 2 0.57 % 0.25% 0.12 % 0.94% (2) - --------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities Fund - 0.48 % 0.25% 0.03 % 0.76% Class 2 (8)(9) - --------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities Fund - Class 2 0.46 % 0.25% 0.02 % 0.73% (8)(9) - --------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities Fund - 0.73 % 0.25% 0.03 % 1.01% Class 2 (8)(9) - --------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities Fund - 0.52 % 0.25% 0.17 % 0.94% Class 2 (9)(11) - --------------------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap Growth Securities Fund - 0.48 % 0.25% 0.28 % 1.01% Class 2 (9)(10)(11) - --------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government Fund - Class 2 0.49 % 0.25% 0.03 % 0.77% (8)(9) - --------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities Fund - Class 2 0.80 % 0.25% 0.23 % 1.28% (9) - --------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities Fund - Class 2 0.60 % 0.25% 0.18 % 1.03% (9) - --------------------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities Fund - 1.24 % 0.25% 0.29 % 1.78% Class 2 - --------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities Fund - Class 2 0.65 % 0.25% 0.17 % 1.07% (11) - --------------------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities Fund - 0.62 % 0.25% 0.12 % 0.99% Class 2 (8)(10) - --------------------------------------------------------------------------------------------- Lord Abbett Series Fund - 0.75 % N/A 1.00 % 1.75% All Value Portfolio (12)(14) - --------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Bond-Debenture Portfolio 0.50 % N/A 0.44 % 0.94% (12)(13) - --------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Growth and Income Portfolio 0.48 % N/A 0.41 % 0.89% (13) - --------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Growth Opportunities 0.80 % N/A 0.62 % 1.42% Portfolio (12) - --------------------------------------------------------------------------------------------- Lord Abbett Series Fund - 0.74 % N/A 0.38 % 1.12% Mid-Cap Value Portfolio (14) - --------------------------------------------------------------------------------------------- Oppenheimer MidCap Fund/VA - 0.67 % 0.25% 0.05 % 0.97% Service Shares (15) - --------------------------------------------------------------------------------------------- 16 PROSPECTUS

Oppenheimer Balanced Fund/VA 0.72 % 0.25% 0.03 % 1.00% - - Service Shares - --------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation Fund/VA - 0.64 % 0.25% 0.02 % 0.91% Service Shares - --------------------------------------------------------------------------------------------- Oppenheimer Core Bond 0.73 % 0.25% 0.05 % 1.03% Fund/VA - Service Shares - --------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA - Service 0.63 % 0.25% 0.04 % 0.92% Shares - --------------------------------------------------------------------------------------------- Oppenheimer High Income 0.72 % 0.25% 0.03 % 1.00% Fund/VA - Service Shares - --------------------------------------------------------------------------------------------- Oppenheimer Main Street 0.65 % 0.25% 0.01 % 0.91% Fund(R)/VA - Service Shares - --------------------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap Fund(R)/VA - 0.74 % 0.25% 0.05 % 1.04% Service Shares - --------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond 0.69 % 0.25% 0.02 % 0.96% Fund/VA - Service Shares - --------------------------------------------------------------------------------------------- Putnam VT The George Putnam 0.62 % 0.25% 0.10 % 0.97% Fund of Boston - Class IB - --------------------------------------------------------------------------------------------- Putnam VT Global Asset 0.70 % 0.25% 0.20 % 1.15% Allocation Fund - Class IB - --------------------------------------------------------------------------------------------- Putnam VT Growth and Income 0.49 % 0.25% 0.05 % 0.79% Fund - Class IB - --------------------------------------------------------------------------------------------- Putnam VT Health Sciences 0.70 % 0.25% 0.11 % 1.06% Fund - Class IB (16) - --------------------------------------------------------------------------------------------- Putnam VT High Yield Fund - 0.68 % 0.25% 0.09 % 1.02% Class IB (17) - --------------------------------------------------------------------------------------------- Putnam VT Income Fund - 0.61 % 0.25% 0.10 % 0.96% Class IB (17) - --------------------------------------------------------------------------------------------- Putnam VT International 0.75 % 0.25% 0.18 % 1.18% Equity Fund - Class IB - --------------------------------------------------------------------------------------------- Putnam VT Investors Fund - 0.65 % 0.25% 0.10 % 1.00% Class IB - --------------------------------------------------------------------------------------------- Putnam VT Money Market Fund 0.45 % 0.25% 0.11 % 0.81% - - Class IB (17) - --------------------------------------------------------------------------------------------- Putnam VT New Opportunities 0.61 % 0.25% 0.05 % 0.91% Fund - Class IB (16) - --------------------------------------------------------------------------------------------- Putnam VT New Value Fund - 0.68 % 0.25% 0.08 % 1.01% Class IB - --------------------------------------------------------------------------------------------- Putnam VT Research Fund - 0.65 % 0.25% 0.14 % 1.04% Class IB (16) - --------------------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income Fund - Class IB 0.70 % 0.25% 0.14 % 1.09% (16) - --------------------------------------------------------------------------------------------- Putnam VT Vista Fund - Class 0.65 % 0.25% 0.09 % 0.99% IB - --------------------------------------------------------------------------------------------- Putnam VT Voyager Fund - 0.57 % 0.25% 0.06 % 0.88% Class IB - --------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth Portfolio, Class II 0.75 % 0.25% 0.55 % 1.55% (18)(20)(24) - --------------------------------------------------------------------------------------------- Van Kampen LIT Comstock 0.56 % 0.25% 0.03 % 0.84% Portfolio, Class II - --------------------------------------------------------------------------------------------- Van Kampen LIT Emerging 0.70 % 0.25% 0.07 % 1.02% Growth Portfolio, Class II - --------------------------------------------------------------------------------------------- Van Kampen LIT Growth and 0.57 % 0.25% 0.04 % 0.86% Income Portfolio, Class II - --------------------------------------------------------------------------------------------- Van Kampen LIT Money Market 0.45 % 0.25% 0.20 % 0.90% Portfolio, Class II (19)(20) - --------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt Portfolio, 0.75 % 0.35% 0.34 % 1.44% Class II (21)(22) - --------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income Portfolio, Class II 0.46 % 0.35% 0.32% 1.13% (21)(22) - --------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth Portfolio, Class I 0.50 % N/A 0.33 % 0.83% (21)(22)(23) - --------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth Portfolio, Class II 0.50 % 0.35% 0.33 % 1.18% (21)(22)(23) - --------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise Portfolio, Class 0.80 % 0.35% 0.39 % 1.54% II (21)(22) - --------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth Portfolio, Class II 0.75 % 0.35% 0.34 % 1.44% (21)(22) - --------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth Portfolio, Class II 0.92 % 0.35% 0.54 % 1.81% (21)(22) - --------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value Portfolio, Class I 0.72 % N/A 0.29 % 1.01% (21)(22)(23) - --------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II 0.72 % 0.35% 0.29 % 1.36% (21)(22)(23) - --------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate Portfolio, Class II 0.75 % 0.35% 0.28 % 1.38% (21)(22) - --------------------------------------------------------------------------------------------- 1. Expenses are shown as a percentage of Portfolio average daily net assets (before waiver or reimbursement) as of December 31, 2005 (except as otherwise noted). 2. A portion of the brokerage commissions that the Portfolio pays may be reimbursed and used to reduce the Portfolio's expenses. In addition, through arrangements with the Portfolio's custodian, credits realized as a result of uninvested cash balances are used to reduce the Portfolio's custodian expenses. Including these reductions, the "Total Annual Portfolio Expenses" would have been 0.89% for Fidelity VIP Contrafund(R) Portfolio - Service Class 2 and Fidelity VIP Mid Cap Portfolio - Service Class 2. These offsets may be discontinued at any time. 3. Each Fidelity VIP Freedom Portfolio purchases Initial Class shares of multiple underlying Fidelity VIP Portfolios. As shareholders in such multiple underlying Portfolios, the Fidelity VIP Freedom Portfolios' estimated "Total Annual Portfolio Expenses" are based on their own estimated "Total Annual Portfolio Expenses" plus a weighted average of the "Total Annual Portfolio Expenses" of the underlying Portfolios in which they invest. As a result, the "Management Fees" and "Other Expenses" for the Fidelity VIP Freedom Portfolios constitute weighted averages of the "Management Fees" and "Other Expenses" of the underlying Portfolios in which they invest. Such "Management Fees" and "Other Expenses" are not shown in the table above, but are reflected in "Total Annual Portfolio Expenses," above. After 17 PROSPECTUS

expense reductions and reimbursements, the Fidelity VIP Freedom Portfolios' "Total Annual Portfolio Expenses" would have been: Total Annual PORTFOLIO Portfolio Expenses - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 Portfolio - Service Class 2 0.81% - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 Portfolio - Service Class 2 0.87% - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 Portfolio - Service Class 2 0.89% - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income Portfolio - Service Class 2 0.70% - ------------------------------------------------------------------------------- 4.The fund's manager has voluntarily agreed to reimburse the Portfolio to the extent that total operating expenses (excluding interest, taxes, certain security lending costs, brokerage commissions and extraordinary expenses), as a percentage of its average net assets, exceed 1.10%. This arrangement can be discontinued by the fund's manager at any time. 5. A portion of the brokerage commissions that the Portfolio pays may be reimbursed and used to reduce the Portfolio's expenses. Including these reductions, the "Total Annual Portfolio Expenses" would have been 1.05%. This offsets may be discontinued at any time. 6. Management fees for the fund have been reduced to 0.10%, and Portfolio expenses are limited to 0.35% (these limits do not apply to interest, taxes, brokerage commissions, security lending fees, or extraordinary expenses). This expense limit may not be increased without approval of the fund's shareholders and board of trustees. Thus, the expense limit is required by contract and is not voluntary on the fund manager's part. 7. The annual class operating expenses for the Portfolio are based on historical expenses adjusted to reflect current fees. 8. The Fund administration fee is paid indirectly through the management fee. 9. While the maximum amount payable under the Portfolio's Rule 12b-1 plan is 0.35% per year of the Portfolio's class average annual net assets, the Board of Trustees has set the current rate at 0.25% per year. 10. Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities Fund - Class 2 and the FTVIP Templeton Global Income Securities Fund - Class 2 Portfolios are no longer available for new investments. If you are currently invested in the Variable Sub-accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 11. The Portfolio's manager has agreed in advance to reduce its fees from assets invested by the Portfolio in a Franklin Templeton Money Market Fund (the Sweep Money Fund). This reduction is required by the Portfolio's Board of Trustees and an order by the Securities and Exchange Commission. With this reduction, "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses" were as follows: Management Rule12b-1 Other Total Annual PORTFOLIO Fees Fees Expenses Portfolio Expenses - -------------------------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap 0.46 % 0.25% 0.28% 0.99% Growth Securities Fund - Class 2 - --------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value 0.47 % 0.25% 0.17% 0.89% Securities Fund - Class 2 - --------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities 0.60 % 0.25% 0.17% 1.02% Fund - Class 2 - --------------------------------------------------------------------------------------------------- 12. For the year ending December 31, 2006 and through April 30, 2007, Lord, Abbett & Co. LLC has contractually agreed to reimburse a portion of each Portfolio's expenses to the extent necessary to maintain its "Other Expenses" at an aggregate rate of 0.40% of its average daily net assets. With this reimbursement, "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses" were as follows: Management Rule12b-1 Other Total Annual PORTFOLIO Fees Fees Expenses Portfolio Expenses - --------------------------------------------------------------------------------------------------------- Lord Abbett Series Fund - All Value 0.75 % N/A 0.39% 1.14% Portfolio - ---------------------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Bond-Debenture 0.50 % N/A 0.40% 0.90% Portfolio - ---------------------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Growth 0.80 % N/A 0.40% 1.20% Opportunities Portfolio - ---------------------------------------------------------------------------------------------------------- 18 PROSPECTUS

13. Effective January 1, 2006, the "Management Fee" for the Portfolio was changed from a flat fee of 0.50% to 0.50% for the first $1 billion of average daily net assets and 0.45% for average daily net assets over $1 billion. 14. Effective January 1, 2006, the "Management Fee" for the Portfolio was changed from a flat fee of 0.75% to 0.75% for the first $1 billion of average daily net assets, 0.70% for the next $1 billion of average daily net assets, and 0.65% for average daily net assets over $2 billion. 15. Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. 16. Effective October 1, 2004, the Putnam VT Health Sciences Fund - Class IB, Putnam VT New Opportunities Fund - Class IB, Putnam VT Research Fund - Class IB and the Putnam VT Utilities Growth and Income Fund - Class IB Portfolios are no longer available for new investments. If you are currently invested in the Variable Sub-accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 17. Reflects Putnam Management's agreement, effective January 28, 2005, to waive fees and reimburse expenses of the Portfolio through December 31, 2006 to the extent necessary to ensure that the Portfolio's expenses do not exceed the average expenses of the Portfolios viewed by Lipper Inc. as having the same investment classification or objective as the Portfolio. The expense reimbursement is based on a comparison of the Portfolio's expenses with the average annualized operating expenses of the Portfolios in its Lipper peer group, as reported by Lipper, for each calendar quarter during the Portfolio's last fiscal year, excluding "Rule 12b-1 Fees" and without giving effect to any expense offset and brokerage service arrangements that may reduce fund expenses. After such reductions, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Management Rule12b-1 Other Total Annual PORTFOLIO Fees Fees Expenses Portfolio Expenses - ------------------------------------------------------------------------------------------------------------------------------- Putnam VT High Yield Fund - Class IB 0.67 % 0.25% 0.09% 1.01% - ------------------------------------------------------------------------------------------------------------------------------- Putnam VT Income Fund - Class IB 0.54 % 0.25% 0.10% 0.89% - -------------------------------------------------------------------------------------------------------------------------------- Putnam VT Money Market Fund - Class IB 0.42 % 0.25% 0.11% 0.78% - -------------------------------------------------------------------------------------------------------------------------------- 18. For the year ended December 31, 2005, the adviser voluntarily waived $117,800 of its investment advisory fees. The adviser has agreed to waive all expenses in excess of 1.26% of average daily net assets. This waiver is voluntary in nature and can be discontinued at the adviser's discretion. 19. For the year ended December 31, 2005, the adviser waived approximately $24,800 of its advisory fees. Under the terms of the advisory agreement, if the total ordinary business expenses, exclusive of taxes, distribution fees and interest, exceeds 0.95% of the average daily net assets of the Portfolio, the adviser will reimburse the Portfolio for the amount of the excess. The adviser has agreed to waive all expenses in excess 0.85% of average net assets. Effective October 1, 2005, this voluntary waiver was discontinued. 20. The fees disclosed in the Table reflect gross ratios prior to any voluntary waivers/reimbursements of expenses by the adviser. When the effects of the voluntary waivers discussed in footnotes 17 and 18 are taken into consideration, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Management Rule12b-1 Other Total Annual PORTFOLIO Fees Fees Expenses Portfolio Expenses - -------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth 0.46 % 0.25% 0.55% 1.26% Portfolio, Class II - --------------------------------------------------------------------------------------- Van Kampen LIT Money Market Portfolio, 0.42 % 0.25% 0.20% 0.87% Class II - --------------------------------------------------------------------------------------- 21. Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 22. The fees disclosed in the Table reflect gross ratios prior to any voluntary waivers/reimbursements of expenses by the adviser. The adviser has voluntarily agreed to waive a portion or all of its management fee and/or reimburse expenses to 19 PROSPECTUS

the extent necessary so "Total Annual Portfolio Expenses," excluding certain investment related expenses such as foreign country tax expense and interest expense on borrowing, do not exceed the "Operating "Expense Limitation" in the table below. The adviser may terminate these voluntary waivers at any time at its sole discretion. Additionally, the distributor has agreed to waive a portion of the "Rule 12b-1 Fees" for Class II shares. The distributor may terminate these voluntary waivers at any time at its sole discretion. After such reductions, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Operating Expense Management Rule12b-1 Other Total Annual PORTFOLIO Limitation Fees Fees Expenses Portfolio Expenses - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt Portfolio, Class 1.35% 0.75 % 0.05% 0.34% 1.14% II - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF Equity and Income Portfolio, Class II 1.00% 0.46 % 0.05% 0.32% 0.83% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF Equity Growth Portfolio, Class I 0.85% 0.50 % N/A 0.33% 0.83% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF Equity Growth Portfolio, Class II 1.10% 0.50 % 0.25% 0.33% 1.08% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF Global Franchise Portfolio, Class II 1.20% 0.46 % 0.05% 0.69% 1.20% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF Mid Cap Growth Portfolio, Class II 1.15% 0.71 % 0.10% 0.34% 1.15% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF Small Company Growth Portfolio, Class II 1.25% 0.36 % 0.05% 0.84% 1.25% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF U.S. Mid Cap Value Portfolio, Class I 1.05% 0.72 % N/A 0.29% 1.01% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II 1.15% 0.72 % 0.10% 0.29% 1.11% - ------------------------------------------------------------------------------------------------------------------------------------ Van Kampen UIF U.S. Real Estate Portfolio, Class II 1.35% 0.75 % 0.25% 0.28% 1.28% - ------------------------------------------------------------------------------------------------------------------------------------ 23. The Variable Sub-accounts that invest in the Van Kampen UIF Equity Growth Portfolio, Class II and the Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II are offered with Contracts issued on or after May 1, 2004. Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-accounts that invest in the Van Kampen UIF Equity Growth Portfolio, Class I and the Van Kampen UIF U.S. Mid Cap Value Portfolio, Class I. 24. Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into this Variable Sub-account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 20 PROSPECTUS

EXAMPLE 2 This Example uses the same assumptions as Example 1 above, except that it assumes you decided not to surrender your Contract, or you began receiving income payments for a specified period of at least 120 months, at the end of each time period. Allstate Advisor Allstate Advisor Plus 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------------------------ Costs Based on Maximum Annual Portfolio $518 $1,563 $2,618 $5,304 $549 $1,650 $2,757 $5,544 Expenses - ------------------------------------------------------------------------------------------------ Costs Based on Minimum Annual Portfolio $369 $1,127 $1,915 $4,021 $399 $1,218 $2,063 $4,300 Expenses - ------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (with 5 Year Withdrawal Charge Option) 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------ Costs Based on Maximum $549 $1,650 $2,757 $5,544 Annual Portfolio Expenses - ------------------------------------------------------------ Costs Based on Minimum $399 $1,218 $2,063 $4,300 Annual Portfolio Expenses - ------------------------------------------------------------ Allstate Advisor Preferred Allstate Advisor Preferred (with 3-Year (with No Withdrawal Charge Option) Withdrawal Charge Option) 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------------------------ Costs Based on Maximum Annual Portfolio $559 $1,680 $2,803 $5,623 $569 $1,709 $2,848 $5,700 Expenses - ------------------------------------------------------------------------------------------------ Costs Based on Minimum Annual Portfolio $410 $1,248 $2,112 $4,392 $420 $1,278 $2,161 $4,482 Expenses - ------------------------------------------------------------------------------------------------ PLEASE REMEMBER THAT YOU ARE LOOKING AT EXAMPLES AND NOT A REPRESENTATION OF PAST OR FUTURE EXPENSES. YOUR RATE OF RETURN MAY BE HIGHER OR LOWER THAN 5%, WHICH IS NOT GUARANTEED. THE EXAMPLES DO NOT ASSUME THAT ANY PORTFOLIO EXPENSE WAIVERS OR REIMBURSEMENT ARRANGEMENTS ARE IN EFFECT FOR THE PERIODS PRESENTED. THE EXAMPLES REFLECT THE FREE WITHDRAWAL AMOUNTS, IF APPLICABLE, AND THE DEDUCTION OF THE ANNUAL CONTRACT MAINTENANCE CHARGE OF $30 EACH YEAR. THE ABOVE EXAMPLES ASSUME YOU HAVE SELECTED THE MAV DEATH BENEFIT OPTION AND THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, THE EARNINGS PROTECTION DEATH BENEFIT OPTION (ASSUMING THE OLDEST CONTRACT OWNER OR ANNUITANT IS AGE 71 OR OLDER, AND ALL ARE AGE 79 OR YOUNGER ON THE RIDER APPLICATION DATE), AND THE SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION AND THE SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION. EXAMPLES FOR THE ALLSTATE ADVISOR PREFERRED CONTRACTS ASSUME THE ELECTION OF THE 5-YEAR WITHDRAWAL CHARGE OPTION. IF ANY OR ALL OF THESE FEATURES WERE NOT ELECTED, THE EXPENSE FIGURES SHOWN ABOVE WOULD BE SLIGHTLY LOWER. 22 PROSPECTUS

FINANCIAL INFORMATION - -------------------------------------------------------------------------------- To measure the value of your investment in the Variable Sub-Accounts during the Accumulation Phase, we use a unit of measure we call the "ACCUMULATION UNIT." Each Variable Sub-Account has a separate value for its Accumulation Units we call "ACCUMULATION UNIT VALUE." Accumulation Unit Value is analogous to, but not the same as, the share price of a mutual fund. Accumulation Unit Values for the lowest and highest available combinations of Contract charges that affect Accumulation Unit Values for each Contract are shown in Appendix K of this prospectus. The Statement of Additional Information contains the Accumulation Unit Values for all other available combinations of Contract charges that affect Accumulation Unit Values for each Contract. No Accumulation Unit Values are shown for the following Sub-Accounts, which were first offered under the contracts on May 1, 2006: Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account. THE CONTRACTS - -------------------------------------------------------------------------------- CONTRACT OWNER Each Contract is an agreement between you, the Contract Owner, and Allstate Life, a life insurance company. As the Contract Owner, you may exercise all of the rights and privileges provided to you by the Contract. That means it is up to you to select or change (to the extent permitted): .. the investment alternatives during the Accumulation and Payout Phases, .. the amount and timing of your purchase payments and withdrawals, .. the programs you want to use to invest or withdraw money, .. the income payment plan(s) you want to use to receive retirement income, .. the Annuitant (either yourself or someone else) on whose life the income payments will be based, .. the Beneficiary or Beneficiaries who will receive the benefits that the Contract provides when the last surviving Contract Owner or the Annuitant dies, and .. any other rights that the Contract provides, including restricting income payments to Beneficiaries. If you die, any surviving joint Contract Owner or, if none, the Beneficiary may exercise the rights and privileges provided to them by the Contract. If the sole surviving Contract Owner dies after the Payout Start Date, the Primary Beneficiary will receive any guaranteed income payments scheduled to continue. If the Annuitant dies prior to the Payout Start Date and the Contract Owner is a grantor trust not established by a business, the new Contract Owner will be the Beneficiary(ies). The Contract cannot be jointly owned by both a non-living person and a living person unless the Contract Owner(s) assumed ownership of the Contract as a Beneficiary(ies). The maximum age of any Contract Owner on the date we receive the completed application for each Contract is 90. If you select the Enhanced Beneficiary Protection (MAV) Option, the Enhanced Beneficiary Protection (Annual Increase) Option, or the Earnings Protection Death Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is currently age 79. If you select the Spousal Protection Benefit (Co-Annuitant) Option or the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts (CSP), the maximum age of any Contract Owner or beneficial owner for CSP on the Rider Application Date is currently age 90. If you select the SureIncome Withdrawal Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is age 85. If you select the SureIncome Plus Withdrawal Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is age 85. If you select the SureIncome For Life Withdrawal Benefit Option, the minimum and maximum ages of the oldest Contract Owner (oldest annuitant if Contract Owner is a non-living person) on the Rider Application Date are ages 50 and 79, respectively. The Contract can also be purchased as an IRA or TSA (also known as a 403(b)). The endorsements required to qualify these annuities under the Internal Revenue Code of 1986, as amended, ("Code") may limit or modify your rights and privileges under the Contract. We use the term "QUALIFIED CONTRACT" to refer to a Contract issued as an IRA, 403(b), or with a Qualified Plan. Except for certain retirement plans, you may change the Contract Owner at any time by written notice in a form 23 PROSPECTUS

satisfactory to us. Until we receive your written notice to change the Contract Owner, we are entitled to rely on the most recent information in our files. We will provide a change of ownership form to be signed by you and filed with us. Once we accept the change, the change will take effect as of the date you signed the request. We will not be liable for any payment or settlement made prior to accepting the change. Accordingly, if you wish to change the Contract Owner, you should deliver your written notice to us promptly. Each change is subject to any payment we make or other action we take before we accept it. Changing ownership of this Contract may cause adverse tax consequences and may not be allowed under Qualified Plans. Please consult with a competent tax advisor prior to making a request for a change of Contract Owner. ANNUITANT The Annuitant is the individual whose age determines the latest Payout Start Date and whose life determines the amount and duration of income payments (other than under Income Plan 3). You may not change the Annuitant at any time. You may designate a joint Annuitant, who is a second person on whose life income payments depend, at the time you select an Income Plan. Additional restrictions may apply in the case of Qualified Plans. The maximum age of the Annuitant on the date we receive the completed application for each Contract is age 90. If you select the Enhanced Beneficiary Protection (MAV) Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option or the Earnings Protection Death Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 79. If you select the Spousal Protection Benefit (Co-Annuitant) Option, the maximum age of any Annuitant on the Rider Application Date is age 90. If you select the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts, the maximum age of any Annuitant on the Rider Application Date is age 90. If you select the Income Protection Benefit Option, the oldest Annuitant and joint Annuitant (if applicable) must be age 75 or younger on the Payout Start Date. If you select the SureIncome Withdrawal Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 85. If you select the SureIncome Plus Withdrawal Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 85. If you select the SureIncome For Life Withdrawal Benefit Option, the minimum and maximum ages of the oldest annuitant, if the Contract Owner is a non-living person, on the Rider Application Date are ages 50 and 79, respectively. If you select an Income Plan that depends on the Annuitant or a joint Annuitant's life, we may require proof of age and sex before income payments begin and proof that the Annuitant or joint Annuitant is still alive before we make each payment. CO-ANNUITANT SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION Contract Owners of IRA Contracts that meet the following conditions and that elect the Spousal Protection Benefit Option may name their spouse as a Co-Annuitant: .. the individually owned Contract must be either a traditional, Roth, or Simplified Employee Pension IRA; .. the Contract Owner must be age 90 or younger on the Rider Application Date; .. the Co-Annuitant must be age 79 or younger on the Rider Application Date; and .. the Co-Annuitant must be the sole Primary Beneficiary under the Contract. Under the Spousal Protection Benefit (Co-Annuitant) Option, the Co-Annuitant will be considered to be an Annuitant during the Accumulation Phase, except the Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date or upon the death of the Co-Annuitant. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. At any time, there may only be one Co-Annuitant under your Contract. See "Spousal Protection Benefit Option and Death of Co-Annuitant" for more information. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS. Contracts that meet the following conditions and that elect the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts may name the spouse of the Annuitant as a Co-Annuitant: .. the beneficially owned Contract must be a Custodial traditional IRA, Custodial Roth IRA, or a Custodial Simplified Employee Pension IRA; .. the Annuitant must be the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA; .. the Co-Annuitant must be the legal spouse of the Annuitant and only one Co-Annuitant may be named; .. the Co-Annuitant must be the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA; .. the Annuitant must be age 90 or younger on the Rider Application Date; and .. the Co-Annuitant must be age 79 or younger on the Rider Application Date. Under the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts, 24 PROSPECTUS

the Co-Annuitant will be considered to be an Annuitant during the Accumulation Phase, except the Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date or upon the death of the Co-Annuitant. The Co-Annuitant is not considered the beneficial owner of the Custodial Traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. See "Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts and Death of Co-Annuitant" for more information. BENEFICIARY You may name one or more Primary and Contingent Beneficiaries when you apply for a Contract. The Primary Beneficiary is the person who may, in accordance with the terms of the Contract, elect to receive the death settlement ("DEATH PROCEEDS") or become the new Contract Owner pursuant to the Contract if the sole surviving Contract Owner dies before the Payout Start Date. A Contingent Beneficiary is the person selected by the Contract Owner who will exercise the rights of the Primary Beneficiary if all named Primary Beneficiaries die before the death of the sole surviving Contract Owner. You may change or add Beneficiaries at any time, unless you have designated an irrevocable Beneficiary. We will provide a change of Beneficiary form to be signed by you and filed with us. After we accept the form, the change of Beneficiary will be effective as of the date you signed the form. Until we accept your written notice to change a Beneficiary, we are entitled to rely on the most recent Beneficiary information in our files. We will not be liable for any payment or settlement made prior to accepting the change. Accordingly, if you wish to change your Beneficiary, you should deliver your written notice to us promptly. Each Beneficiary change is subject to any payment made by us or any other action we take before we accept the change. You may restrict income payments to Beneficiaries by providing us with a written request. Once we accept the written request, the restriction will take effect as of the date you signed the request. Any restriction is subject to any payment made by us or any other action we take before we accept the request. If you did not name a Beneficiary or, unless otherwise provided in the Beneficiary designation, if a named Beneficiary is no longer living and there are no other surviving Primary or Contingent Beneficiaries when the sole surviving Contract Owner dies, the new Beneficiary will be: .. your spouse or, if he or she is no longer alive, .. your surviving children equally, or if you have no surviving children, .. your estate. If more than one Beneficiary survives you (or the Annuitant, if the Contract Owner is a grantor trust), we will divide the Death Proceeds among the surviving Beneficiaries according to your most recent written instructions. If you have not given us written instructions in a form satisfactory to us, we will pay the Death Proceeds in equal amounts to the surviving Beneficiaries. If there is more than one Beneficiary in a class (e.g., more than one Primary Beneficiary) and one of the Beneficiaries predeceases the Contract Owner (the Annuitant if the Contract Owner is a grantor trust), the remaining Beneficiaries in that class will divide the deceased Beneficiary's share in proportion to the original share of the remaining Beneficiaries. For purposes of this Contract, in determining whether a living person, including a Contract Owner, Primary Beneficiary, Contingent Beneficiary, or Annuitant ("Living Person A") has survived another living person, including a Contract Owner, Primary Beneficiary, Contingent Beneficiary, or Annuitant ("Living Person B"), Living Person A must survive Living Person B by at least 24 hours. Otherwise, Living Person A will be conclusively deemed to have predeceased Living Person B. Where there are multiple Beneficiaries, we will only value the Death Proceeds at the time the first Beneficiary submits the necessary documentation in good order. Any Death Proceeds amounts attributable to any Beneficiary which remain in the Variable Sub-Accounts are subject to investment risk. If there is more than one Beneficiary taking shares of the Death Proceeds, each Beneficiary will be treated as a separate and independent owner of his or her respective share of the Death Proceeds. Each Beneficiary will exercise all rights related to his or her share of the Death Proceeds, including the sole right to select a death settlement option, subject to any restrictions previously placed upon the Beneficiary. Each Beneficiary may designate a Beneficiary(ies) for his or her respective share, but that designated Beneficiary(ies) will be restricted to the death settlement option chosen by the original Beneficiary. If there is more than one Beneficiary and one of the Beneficiaries is a corporation, trust or other non-living person, all Beneficiaries will be considered to be non-living persons. MODIFICATION OF THE CONTRACT Only an Allstate Life officer may approve a change in or waive any provision of the Contract. Any change or waiver must be in writing. None of our agents has the authority to change or waive the provisions of the Contract. We may not change the terms of the Contract without your consent, except to conform the Contract to applicable law or changes in the law. If a provision of the Contract is inconsistent with state law, we will follow state law. 25 PROSPECTUS

ASSIGNMENT You may not assign an interest in this Contract as collateral or security for a loan. However, you may assign periodic income payments under this Contract prior to the Payout Start Date. No Beneficiary may assign benefits under the Contract until they are due. We will not be bound by any assignment until the assignor signs it and files it with us. We are not responsible for the validity of any assignment. Federal law prohibits or restricts the assignment of benefits under many types of retirement plans and the terms of such plans may themselves contain restrictions on assignments. An assignment may also result in taxes or tax penalties. YOU SHOULD CONSULT WITH AN ATTORNEY BEFORE TRYING TO ASSIGN PERIODIC INCOME PAYMENTS UNDER YOUR CONTRACT. PURCHASES - -------------------------------------------------------------------------------- MINIMUM PURCHASE PAYMENTS The minimum initial purchase payment for Non- Qualified Contracts is $10,000, ($2,000 for Contracts issued with an IRA or TSA). All subsequent purchase payments under a Contract must be $1,000 or more ($50 for automatic payments). For ALLSTATE ADVISOR PLUS CONTRACTS, purchase payments do not include any Credit Enhancements. You may make purchase payments at any time prior to the Payout Start Date; however, any additional payments after the initial purchase payment may be limited in some states. Please consult with your representative for details. The total amount of purchase payments we will accept for each Contract without our prior approval is $1,000,000. We reserve the right to accept a lesser initial purchase payment amount or lesser subsequent purchase payment amounts. We reserve the right to limit the availability of the investment alternatives for additional investments. We also reserve the right to reject any application. AUTOMATIC ADDITIONS PROGRAM You may make subsequent purchase payments of $50 or more per month by automatically transferring money from your bank account. Please consult with your sales representative for detailed information. The AUTOMATIC ADDITIONS PROGRAM is not available for making purchase payments into the Dollar Cost Averaging Fixed Account Option. ALLOCATION OF PURCHASE PAYMENTS At the time you apply for a Contract, you must decide how to allocate your purchase payment among the investment alternatives. The allocation you specify on your application will be effective immediately. All allocations must be in whole percents that total 100% or in whole dollars. You can change your allocations by calling us at 1-800-203-0068. We will allocate your purchase payments to the investment alternatives according to your most recent instructions on file with us. Unless you notify us otherwise, we will allocate subsequent purchase payments according to the allocation for the previous purchase payment. We will effect any change in allocation instructions at the time we receive written notice of the change in good order. We will credit the initial purchase payment that accompanies your completed application to your Contract within 2 business days after we receive the payment at our home office. If your application is incomplete, we will ask you to complete your application within 5 business days. If you do so, we will credit your initial purchase payment to your Contract within that 5 business day period. If you do not, we will return your purchase payment at the end of the 5 business day period unless you expressly allow us to hold it until you complete the application. We will credit subsequent purchase payments to the Contract at the close of the business day on which we receive the purchase payment at our home office. We use the term "business day" to refer to each day Monday through Friday that the New York Stock Exchange is open for business. We also refer to these days as "Valuation Dates." Our business day closes when the New York Stock Exchange closes for regular trading, usually 4:00 p.m. Eastern Time (3:00 p.m. Central Time). If we receive your purchase payment after 3:00 p.m. Central Time on any Valuation Date, we will credit your purchase payment using the Accumulation Unit Values computed on the next Valuation Date. CREDIT ENHANCEMENT For ALLSTATE ADVISOR PLUS CONTRACTS, each time you make a purchase payment, we will add to your Contract Value a Credit Enhancement equal to 4% of the purchase payment if the oldest Contract Owner and oldest Annuitant are age 85 or younger on the date we receive the completed application for the Contract ("Application Date"). If the oldest Contract Owner or oldest Annuitant is age 86 or older and both are 90 or younger on the Application Date, we will add to your Contract Value a Credit Enhancement equal to 2% of the purchase payment. An additional Credit Enhancement will be added to your Contract if the cumulative purchase payments (including the purchase payment being made) less cumulative withdrawals exceed a certain threshold. The thresholds apply individually to each Allstate Advisor Plus Contract you own. The additional Credit 26 PROSPECTUS

Enhancements and their corresponding thresholds are as follows: ADDITIONAL CREDIT CUMULATIVE PURCHASE ENHANCEMENT FOR LARGE PAYMENTS LESS CUMULATIVE CONTRACTS WITHDRAWALS MUST EXCEED: 0.50% of the purchase payment $500,000 1.00% of the purchase payment $1,000,000 If you exercise your right to cancel the Contract during the Trial Examination Period, the amount we refund to you will not include any Credit Enhancement. See "TRIAL EXAMINATION PERIOD" below for details. The ALLSTATE ADVISOR PLUS CONTRACT may not be available in all states. We will allocate any Credit Enhancements to the investment alternatives according to the allocation instructions you have on file with us at the time we receive your purchase payment. We will allocate each Credit Enhancement among the investment alternatives in the same proportions as the corresponding purchase payment. We do not consider Credit Enhancements to be investments in the Contract for income tax purposes. We use a portion of the withdrawal charge and mortality and expense risk charge to help recover the cost of providing the Credit Enhancement under the Contract. See "Expenses." Under certain circumstances (such as a period of poor market performance) the cost associated with the Credit Enhancement may exceed the sum of the Credit Enhancement and any related earnings. You should consider this possibility before purchasing the Contract. TRIAL EXAMINATION PERIOD You may cancel your Contract by providing us with written notice within the Trial Examination Period, which is the 20 day period after you receive the Contract, or such longer period that your state may require. If you exercise this "RIGHT TO CANCEL," the Contract terminates and we will pay you the full amount of your purchase payments allocated to the Fixed Account. We also will return your purchase payments allocated to the Variable Account adjusted, to the extent federal or state law permits, to reflect investment gain or loss, including the deduction of mortality and expense risk charges and administrative expense charges, that occurred from the date of allocation through the date of cancellation. If your Contract is qualified under Code Section 408(b), we will refund the greater of any purchase payments or the Contract Value. For ALLSTATE ADVISOR PLUS CONTRACTS, we have received regulatory relief to enable us to recover the amount of any Credit Enhancement applied to Contracts that are cancelled during the Trial Examination Period. The amount we return to you upon exercise of this Right to Cancel will not include any Credit Enhancement or the amount of charges deducted prior to cancellation, but will reflect, except in states where we are required to return the amount of your purchase payments, any investment gain or loss associated with your Variable Account purchase payments and with the full amount of the Credit Enhancement, including the deduction of mortality and expense risk charges and administrative expense charges. We reserve the right to allocate your purchase payments to the Putnam VT Money Market - Class IB Sub-Account during the Trial Examination Period. For Contracts purchased in California by persons age 60 and older, you may elect to defer until the end of the Trial Examination Period allocation of your purchase payment to the Variable Sub-Accounts. Unless you instruct otherwise, upon making this election, your purchase payment will be allocated to the Putnam VT Money Market - Class IB Sub-Account. On the next Valuation Date 40 days after the Issue Date, your Contract Value will then be reallocated in accordance with your most recent investment allocation instructions. State laws vary and may require a different period, other variations or adjustments. Please refer to your Contract for any state specific information. CONTRACT VALUE - -------------------------------------------------------------------------------- On the Issue Date, the Contract Value is equal to your initial purchase payment (for ALLSTATE ADVISOR PLUS CONTRACTS, your initial purchase payment plus the Credit Enhancement). Thereafter, your Contract Value at any time during the Accumulation Phase is equal to the sum of the value of your Accumulation Units in the Variable Sub-Accounts you have selected, plus your value in the Fixed Account Option(s) offered by your Contract. ACCUMULATION UNITS To determine the number of Accumulation Units of each Variable Sub-Account to allocate to your Contract, we divide (i) the amount of the purchase payment or transfer you have allocated to a Variable Sub-Account by (ii) the Accumulation Unit Value of that Variable Sub-Account next computed after we receive your payment or transfer. For example, if we receive a $10,000 purchase payment allocated to a Variable Sub-Account when the Accumulation Unit Value for the Sub-Account is $10, we would credit 1,000 Accumulation Units of that Variable Sub-Account to your Contract. For ALLSTATE ADVISOR PLUS CONTRACTS, we would credit your Contract additional Accumulation Units of the Variable Sub-Account to reflect the Credit Enhancement paid on your purchase payment. See "Credit Enhancement." Withdrawals and transfers from a Variable Sub-Account 27 PROSPECTUS

would, of course, reduce the number of Accumulation Units of that Sub-Account allocated to your Contract. ACCUMULATION UNIT VALUE As a general matter, the Accumulation Unit Value for each Variable Sub-Account for each Contract will rise or fall to reflect: .. changes in the share price of the Portfolio in which the Variable Sub-Account invests, and .. the deduction of amounts reflecting the mortality and expense risk charge, administrative expense charge, and any provision for taxes that have accrued since we last calculated the Accumulation Unit Value. We determine any applicable withdrawal charges, Rider Fees (if applicable), transfer fees, and contract maintenance charges separately for each Contract. They do not affect the Accumulation Unit Value. Instead, we obtain payment of those charges and fees by redeeming Accumulation Units. For details on how we compute Accumulation Unit Values, please refer to the Statement of Additional Information. We determine a separate Accumulation Unit Value for each Variable Sub-Account for each Contract on each Valuation Date. We also determine a separate set of Accumulation Unit Values that reflect the cost of each optional benefit, or available combination thereof, offered under the Contract. YOU SHOULD REFER TO THE PROSPECTUSES FOR THE FUNDS FOR A DESCRIPTION OF HOW THE ASSETS OF EACH PORTFOLIO ARE VALUED, SINCE THAT DETERMINATION DIRECTLY BEARS ON THE ACCUMULATION UNIT VALUE OF THE CORRESPONDING VARIABLE SUB-ACCOUNT AND, THEREFORE, YOUR CONTRACT VALUE. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION We offer the TrueReturn/SM/ Accumulation Benefit Option, which is available for an additional fee. The TrueReturn Option guarantees a minimum Contract Value on the "RIDER MATURITY DATE." The Rider Maturity Date is determined by the length of the Rider Period which you select. The Option provides no minimum Contract Value if the Option terminates before the Rider Maturity Date. See "Termination of the TrueReturn Option" below for details on termination. The TrueReturn Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the TrueReturn Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the TrueReturn Option. Currently, you may have only one TrueReturn Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a TrueReturn Option, a Retirement Income Guarantee Option or a Withdrawal Benefit Option. The TrueReturn Option has no maximum issue age, however the Rider Maturity Date must occur before the latest Payout Start Date, which is the later of the Annuitant's 99th birthday or the 10th Contract Anniversary. Once added to your Contract, the TrueReturn Option may be cancelled at any time on or after the 5th Rider Anniversary by notifying us in writing in a form satisfactory to us. The "RIDER ANNIVERSARY" is the anniversary of the Rider Date. We reserve the right to extend the date on which the TrueReturn Option may be cancelled to up to the 10th Rider Anniversary at any time in our sole discretion. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. When you add the TrueReturn Option to your Contract, you must select a Rider Period and a Guarantee Option. The Rider Period and Guarantee Option you select determine the AB Factor, which is used to determine the Accumulation Benefit, described below. The "RIDER PERIOD" begins on the Rider Date and ends on the Rider Maturity Date. The "RIDER DATE" is the date the TrueReturn Option was made a part of your Contract. We currently offer Rider Periods ranging from 8 to 20 years depending on the Guarantee Option you select. You may select any Rider Period from among those we currently offer, provided the Rider Maturity Date occurs prior to the latest Payout Start Date. We reserve the right to offer additional Rider Periods in the future, and to discontinue offering any of the Rider Periods at any time. Each Model Portfolio Option available under a Guarantee Option has specific investment requirements that are described in the "Investment Requirements" section below and may depend upon the Rider Date of your TrueReturn Option. We reserve the right to offer additional Guarantee Options in the future, and to discontinue offering any of the Guarantee Options at any time. After the Rider Date, the Rider Period and Guarantee Option may not be changed. The TrueReturn Option may not be available in all states. We may discontinue offering the TrueReturn Option at any time to new Contract Owners and to existing Contract Owners who did not elect the Option prior to the date of discontinuance. ACCUMULATION BENEFIT. On the Rider Maturity Date, if the Accumulation Benefit is greater than the Contract Value, then the Contract Value will be increased to equal the Accumulation Benefit. The excess amount of any such increase will be allocated to the Putnam VT Money Market - Class IB Sub-Account. You may transfer the excess amount out of the Putnam VT Money Market - Class IB Sub-Account and into another investment alternative at any time thereafter. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. Prior to the Rider Maturity Date, the Accumulation Benefit will not be available as a Contract Value, Settlement Value, or Death Proceeds. 28 PROSPECTUS

Additionally, we will not pay an Accumulation Benefit if the TrueReturn Option is terminated for any reason prior to the Rider Maturity Date. After the Rider Maturity Date, the TrueReturn Option provides no additional benefit. The "ACCUMULATION BENEFIT" is equal to the Benefit Base multiplied by the AB Factor. The "AB Factor" is determined by the Rider Period and Guarantee Option you selected as of the Rider Date. The following table shows the AB Factors available for the Rider Periods and Guarantee Options we currently offer. AB FACTORS RIDER PERIOD GUARANTEE GUARANTEE (NUMBER OF YEARS) OPTION 1 OPTION 2 - --------------------------------------------- 8 100.0% NA - --------------------------------------------- 9 112.5% NA - --------------------------------------------- 10 125.0% 100.0% - --------------------------------------------- 11 137.5% 110.0% - --------------------------------------------- 12 150.0% 120.0% - --------------------------------------------- 13 162.5% 130.0% - --------------------------------------------- 14 175.0% 140.0% - --------------------------------------------- 15 187.5% 150.0% - --------------------------------------------- 16 200.0% 160.0% - --------------------------------------------- 17 212.5% 170.0% - --------------------------------------------- 18 225.0% 180.0% - --------------------------------------------- 19 237.5% 190.0% - --------------------------------------------- 20 250.0% 200.0% - --------------------------------------------- The following examples illustrate the Accumulation Benefit calculations under Guarantee Options 1 and 2 on the Rider Maturity Date. For the purpose of illustrating the Accumulation Benefit calculation, the examples assume the Benefit Base is the same on the Rider Date and the Rider Maturity Date. Example 1: Guarantee Option 1 Guarantee Option: 1 Rider Period: 15 AB Factor: 187.5% Rider Date: 1/2/04 Rider Maturity Date: 1/2/19 Benefit Base on Rider Date: $50,000 Benefit Base on rider Maturity Date: $50,000 On the Rider Maturity Date (1/2/19): Accumulation Benefit = Benefit Base on Rider Maturity Date X AB Factor = $50,000 X 187.5% = $93,750 Example 2: Guarantee Option 2 Guarantee Option: 2 Rider Period: 15 AB Factor: 150.0% Rider Date: 1/2/04 Rider Maturity Date: 1/2/19 Benefit Base on Rider Date: $50,000 Benefit Base on rider Maturity Date: $50,000 On the Rider Maturity Date (1/2/19): Accumulation Benefit = Benefit Base on Rider Maturity Date X AB Factor = $50,000 X 150.0% = $75,000 Guarantee Option 1 offers a higher AB Factor and more rider periods than Guarantee Option 2. Guarantee Option 1 and Guarantee Option 2 have different investment restrictions. See "Investment Requirements" below for more information. BENEFIT BASE. The Benefit Base is used solely for purposes of determining the Rider Fee and the Accumulation Benefit. The Benefit Base is not available as a Contract Value, Settlement Value, or Death Proceeds. On the Rider Date, the "Benefit Base" is equal to the Contract Value. After the Rider Date, the Benefit Base will be recalculated for purchase payments and withdrawals as follows: .. The Benefit Base will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made prior to or on the first Contract Anniversary following the Rider Date. Subject to the terms and conditions of your Contract, you may add purchase payments after this date, but they will not be included in the calculation of the Benefit Base. THEREFORE, IF YOU PLAN TO MAKE PURCHASE PAYMENTS AFTER THE FIRST CONTRACT ANNIVERSARY FOLLOWING THE RIDER DATE, YOU SHOULD CONSIDER CAREFULLY WHETHER THIS OPTION IS APPROPRIATE FOR YOUR NEEDS. .. The Benefit Base will be decreased by a Withdrawal Adjustment for each withdrawal you make. The Withdrawal Adjustment is equal to (a) divided by (b), with the result multiplied by (c), where: (a) = the withdrawal amount; (b) = the Contract Value immediately prior to the withdrawal; and (c) = the Benefit Base immediately prior to the withdrawal. Withdrawals taken prior to annuitization (referred to in this prospectus as the Payout Phase) are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. A withdrawal charge also may apply. See Appendix G for numerical examples that illustrate how the Withdrawal Adjustment is applied. 29 PROSPECTUS

The Benefit Base will never be less than zero. INVESTMENT REQUIREMENTS. If you add the TrueReturn Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest during the Rider Period. The specific requirements will depend on the model portfolio option ("Model Portfolio Option") you have selected and the effective date of your TrueReturn Option. These requirements are described below in more detail. These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-Accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-Accounts, and restrictions on transfers to or from certain investment alternatives. We may also require that you use the Automatic Portfolio Rebalancing Program. We may change the specific requirements that are applicable to a Guarantee Option or a Model Portfolio Option available under a Guarantee Option at any time in our sole discretion. Any changes we make will not apply to a TrueReturn Option that was made a part of your Contract prior to the implementation date of the change, except for changes made due to a change in investment alternatives available under the Contract. Any changes we make will apply to a new TrueReturn Option elected subsequent to the change pursuant to the Rider Trade-In Option. When you add the TrueReturn Option to your Contract, you must allocate your entire Contract Value as follows: 1) to a Model Portfolio Option available with the Guarantee Option you selected, as defined below; or 2) to the DCA Fixed Account Option and then transfer all purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and interest according to a Model Portfolio Option available with the Guarantee Option you selected; or 3) to a combination of (1) and (2) above. For (2) and (3) above, the requirements for the DCA Fixed Account Option must be met. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. On the Rider Date, you must select only one of the Model Portfolio Options in which to allocate your Contract Value. After the Rider Date, you may transfer your entire Contract Value to any of the other Model Portfolio Options available with your Guarantee Option. We currently offer several Model Portfolio Options with each of the available Guarantee Options. The Model Portfolio Options that are available under Guarantee Options may differ depending upon the effective date of your TrueReturn Option. Please refer to the Model Portfolio Option 1, Model Portfolio Option 2, TrueBalance/SM/ Model Portfolio Options, and Fidelity VIP Freedom Funds Model Portfolio Options sections below for more details. We may add other Model Portfolio Options in the future. We also may remove Model Portfolio Options in the future anytime prior to the date you select such Model Portfolio Option. In addition, if the investment alternatives available under the Contract change, we may revise the Model Portfolio Options. The following table summarizes the Model Portfolio Options currently available for use with each Guarantee Option under the TrueReturn Option: GUARANTEE OPTION 1 GUARANTEE OPTION 2 - ------------------------------------------------------------------------------------ *Model Portfolio Option 1 *Model Portfolio Option 2 *TrueBalance Conservative Model Portfolio Option *TrueBalance Conservative Model *TrueBalance Moderately Conservative Model Portfolio Option Portfolio Option *TrueBalance Moderately *Fidelity VIP Freedom Income Fund Model Conservative Model Portfolio Portfolio Option Option *Fidelity VIP Freedom 2010 Fund Model Portfolio *TrueBalance Moderate Model Option Portfolio Option *TrueBalance Moderately Aggressive Model Portfolio Option *TrueBalance Aggressive Model Portfolio Option *Fidelity VIP Freedom Income Fund Model Portfolio Option *Fidelity VIP Freedom 2010 Fund Model Portfolio Option *Fidelity VIP Freedom 2020 Fund Model Portfolio Option *Fidelity VIP Freedom 2030 Fund Model Portfolio Option - ------------------------------------------------------------------------------------ NOTE: THE TRUEBALANCE MODEL PORTFOLIO OPTIONS WERE ADDED TO THE TRUERETURN OPTION ON MAY 1, 2005. TRUEBALANCE MODEL PORTFOLIOS SELECTED PRIOR TO MAY 1, 2005, MAY NOT BE USED WITH THE TRUERETURN OPTION. THE FIDELITY VIP FREEDOM FUNDS MODEL PORTFOLIO OPTIONS ARE AVAILABLE AS MODEL PORTFOLIO OPTIONS UNDER GUARANTEE OPTION 1 AND GUARANTEE OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004). FOR GUARANTEE OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004), THE FIDELITY VIP FREEDOM FUNDS ARE PART OF THE AVAILABLE VARIABLE SUB-ACCOUNTS LISTED UNDER MODEL PORTFOLIO OPTION 2. PLEASE NOTE THAT ONLY CERTAIN FIDELITY VIP FREEDOM FUNDS ------------ MODEL PORTFOLIO OPTIONS ARE AVAILABLE WITH YOUR TRUERETURN OPTION AS SUMMARIZED IN THE TABLE ABOVE. You may not allocate any of your Contract Value to the Standard Fixed Account Option or to the MVA Fixed Account Option. You must transfer any portion of your Contract Value that is allocated to the Standard Fixed Account Option or to the MVA Fixed Account Option to the Variable Sub-Accounts prior to adding the TrueReturn Option to your Contract. Transfers from the MVA Fixed Account Option may be subject to a Market Value Adjustment. You may allocate any portion of your purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) to the DCA Fixed Account Option on the Rider Date, provided the DCA 30 PROSPECTUS

Fixed Account Option is available with your Contract and in your state. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to the percentage allocations for the Model Portfolio Option you selected. Any subsequent purchase payments (and Credit Enhancements for Allstate Advisor Plus Contracts) made to your Contract will be allocated to the Variable Sub-Accounts according to your specific instructions or your allocation for the previous purchase payment (for Model Portfolio Option 1) or the percentage allocation for your current Model Portfolio Option (for TrueBalance Model Portfolio Options) unless you request that the purchase payment (and Credit Enhancement for Allstate Advisor Plus Contracts) be allocated to the DCA Fixed Account Option. Purchase payments allocated to the DCA Fixed Account Option must be $100 or more. Any withdrawals you request will reduce your Contract Value invested in each of the investment alternatives on a pro rata basis in the proportion that your Contract Value in each bears to your total Contract Value in all Variable Sub-Accounts, unless you request otherwise. MODEL PORTFOLIO OPTION 1 If you choose Model Portfolio Option 1 or transfer your entire Contract Value into Model Portfolio Option 1 under Guarantee Option 1, you must allocate a certain percentage of your Contract Value into each of three asset categories. Please note that certain investment alternatives are not available under Model Portfolio Option 1. You may choose the Variable Sub-Accounts in which you want to invest, provided you maintain the percentage allocation requirements for each category. You may also make transfers among the Variable Sub-Accounts within each category at any time, provided you maintain the percentage allocation requirements for each category. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. Effective October 1, 2004, certain Variable Sub-Accounts under Model Portfolio 1 were reclassified into different asset categories. These changes apply to TrueReturn Options effective prior to and on or after October 1, 2004. The following table describes the percentage allocation requirements for Model Portfolio Option 1 and Variable Sub-Accounts available under each category/(1)/: MODEL PORTFOLIO OPTION 1 - -------------------------------------------------------------------------------- 20% Category A 50% Category B 30% Category C 0% Category D - -------------------------------------------------------------------------------- CATEGORY A Putnam VT Money Market - Class IB Sub-Account Van Kampen LIT Money Market, Class II Sub-Account - -------------------------------------------------------------------------------- CATEGORY B FTVIP Franklin U.S. Government - Class 2 Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account (2) Oppenheimer Core Bond/VA - Service Shares Sub-Account (2) Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (3) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (3) - -------------------------------------------------------------------------------- CATEGORY C Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (7) Fidelity VIP Index 500 - Service Class 2 Sub-Account (7) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (7) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account (2) FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (7) FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account (2) Lord Abbett Series - Growth and Income Sub-Account (2) Lord Abbett Series - Growth Opportunities Sub-Account (2) Lord Abbett Series - Mid-Cap Value Sub-Account (2) Oppenheimer MidCap/VA - Service Shares Sub-Account (8) Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account 31 PROSPECTUS

Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Research - Class IB Sub-Account (4) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Utilities Growth and Income - Class IB Sub-Account (4) Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account (3) Van Kampen UIF Global Franchise, Class II Sub-Account (3) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4)(7) Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account & Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (3)(5) - -------------------------------------------------------------------------------- CATEGORY D (VARIABLE SUB-ACCOUNTS NOT AVAILABLE UNDER MODEL PORTFOLIO OPTION 1) Fidelity VIP Freedom Income - Service Class 2 Sub-Account (7) Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (7) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (7) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (7) Fidelity VIP Growth Stock - Service Class 2 Sub-Account (7) Oppenheimer Global Securities/VA - Service Shares Sub-Account Putnam VT Health Sciences - Class IB Sub-Account (4) Putnam VT New Opportunities - Class IB Sub-Account (4) Putnam VT Vista - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (6) Van Kampen UIF Equity Growth, Class I Sub-Account & Van Kampen UIF Equity Growth, Class II Sub-Account (3)(5) Van Kampen UIF Small Company Growth, Class II Sub-Account (3) - -------------------------------------------------------------------------------- EACH CALENDAR QUARTER, WE WILL USE THE AUTOMATIC PORTFOLIO REBALANCING PROGRAM TO AUTOMATICALLY REBALANCE YOUR CONTRACT VALUE IN EACH VARIABLE SUB-ACCOUNT AND RETURN IT TO THE PERCENTAGE ALLOCATION REQUIREMENTS FOR MODEL PORTFOLIO OPTION 1. WE WILL USE THE PERCENTAGE ALLOCATIONS AS OF YOUR MOST RECENT INSTRUCTIONS. (1) The FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Account, which were closed to new investments effective May 1, 2003, are not available with the TrueReturn Option. You must transfer any portion of your Contract Value that is allocated to these Variable Sub-Accounts to any of the remaining Variable Sub-Accounts offered with the TrueReturn Option prior to adding the TrueReturn Option to your Contract.* (2) Variable Sub-Account was first offered under the Contracts on October 1, 2004. See the first part of this two part supplement (Variable Sub-Account Additions and Closures) for additional information. (3) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (4) The Putnam VT Health Sciences - Class IB Sub-Account (Category D under TrueReturn), the Putnam VT New Opportunities - Class IB Sub-Account (Category D under TrueReturn), the Putnam VT Research - Class IB Sub-Account (Category C under TrueReturn), and the Putnam VT Utilities Growth and Income - Class IB Sub-Account (Category C under TrueReturn) were offered only with Contracts issued prior to October 1, 2004, and closed to new investments effective October 1, 2004. If you add the TrueReturn Option to your Contract on or after October 1, 2004, you must transfer any portion of your Contract Value that is allocated to these Variable Sub-Accounts to any of the remaining Variable Sub-Accounts available with the TrueReturn Option prior to adding the TrueReturn Option to your Contract.* (5)The Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004, may invest only in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. (6) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II was closed to new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio, you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed.* (7) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. (8) Effective May 1, 2006, the Oppenheimer Aggressive Growth/VA - Service Shares Sub-Account changed its name to Oppenheimer MidCap/VA - Service Shares Sub-Account. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL 32 PROSPECTUS

ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD THIS TRUERETURN OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THIS TRUERETURN OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. MODEL PORTFOLIO OPTION 2 The investment requirements under Model Portfolio Option 2 depend on the Rider Date of your TrueReturn Option. Model Portfolio Option 2 (Rider Date prior to October 1, 2004) If your TrueReturn Option Rider Date is prior to October 1, 2004 and you choose Model Portfolio Option 2 or transfer your entire Contract Value into Model Portfolio Option 2, you may allocate your Contract Value among any of a selected group of available Variable Sub-Accounts listed below. You may choose the Variable Sub-Accounts in which you want to invest, provided you maintain the percentage allocation requirements for each category. You may also make transfers among the Variable Sub-Accounts within each category at any time, provided you maintain the percentage allocation requirements for each category. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. The following table describes the percentage allocation requirements for Model Portfolio Option 2 (Rider Date prior to October 1, 2004) and the Variable Sub-Accounts available under each category/(1)/: MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004) - ------------------------------------------------------------------- 10% Category A 20% Category B 50% Category C 20% Category D - ------------------------------------------------------------------- CATEGORY A Putnam VT Money Market - Class IB Sub-Account Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------- CATEGORY B FTVIP Franklin U.S. Government - Class 2 Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account (2) Oppenheimer Core Bond/VA - Service Shares Sub-Account (2) Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (3) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (3) - ------------------------------------------------------------------- CATEGORY C Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (7) Fidelity VIP Index 500 - Service Class 2 Sub-Account (7) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (7) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account (2) FTVIP Mutual Discovery Securities - Class 2 Sub-Account (7) FTVIP Mutual Shares Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account (2) Lord Abbett Series - Growth and Income Sub-Account (2) Lord Abbett Series - Growth Opportunities Sub-Account (2) Lord Abbett Series - Mid-Cap Value Sub-Account (2) Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Research - Class IB Sub-Account (4) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Utilities Growth and Income - Class IB Sub-Account (4) Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account (3) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (3)(7) Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account & Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (3)(5) - ------------------------------------------------------------------- CATEGORY D Fidelity VIP Growth Stock - Service Class 2 Sub-Account (7) FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (8) Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer Global Securities/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Putnam VT Health Sciences - Class IB Sub-Account (4) Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT New Opportunities - Class IB Sub-Account (4) Putnam VT Vista - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (6) Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen UIF Equity Growth, Class I Sub-Account & Van Kampen UIF Equity Growth, Class II Sub-Account (3)(5) Van Kampen UIF Global Franchise, Class II Sub-Account (3) Van Kampen UIF Small Company Growth, Class II Sub-Account (3) - ------------------------------------------------------------------- THE FOLLOWING VARIABLE SUB-ACCOUNTS ARE NOT AVAILABLE UNDER MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004): FIDELITY VIP FREEDOM INCOME - SERVICE CLASS 2 SUB-ACCOUNT, FIDELITY VIP FREEDOM 2010 - SERVICE CLASS 2 SUB-ACCOUNT, FIDELITY VIP FREEDOM 2020 - SERVICE CLASS 2 SUB-ACCOUNT AND FIDELITY VIP FREEDOM 2030 - SERVICE CLASS 2 SUB-ACCOUNT. INSTEAD, THE FIDELITY VIP FREEDOM FUNDS ARE AVAILABLE AS MODEL PORTFOLIO OPTIONS (SEE TABLE UNDER INVESTMENT REQUIREMENTS ABOVE). 33 PROSPECTUS

EACH CALENDAR QUARTER, WE WILL USE THE AUTOMATIC PORTFOLIO REBALANCING PROGRAM TO AUTOMATICALLY REBALANCE YOUR CONTRACT VALUE IN EACH VARIABLE SUB-ACCOUNT AND RETURN IT TO THE PERCENTAGE ALLOCATION REQUIREMENTS FOR MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004). WE WILL USE THE PERCENTAGE ALLOCATIONS AS OF YOUR MOST RECENT INSTRUCTIONS. (1) The FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Account, which were closed to new investments effective May 1, 2003, are not available with the TrueReturn Option. You must transfer any portion of your Contract Value that is allocated to these Variable Sub-Accounts to any of the remaining Variable Sub-Accounts available with the TrueReturn Option prior to adding the TrueReturn Option to your Contract.* (2) Variable Sub-Account was first offered under the Contracts on October 1, 2004. See the first part of this two part supplement (Variable Sub-Account Additions and Closures) for additional information. (3) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (4) The Putnam VT Health Sciences - Class IB Sub-Account (Category D under TrueReturn), the Putnam VT New Opportunities - Class IB Sub-Account (Category D under TrueReturn), the Putnam VT Research - Class IB Sub-Account (Category C under TrueReturn), and the Putnam VT Utilities Growth and Income - Class IB Sub-Account (Category C under TrueReturn) were offered only with Contracts issued prior to October 1, 2004, and closed to new investments effective October 1, 2004.* (5)The Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may invest only in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. (6) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II was closed to new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio, you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed.* (7) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. (8) Effective May 1, 2006, the Oppenheimer Aggressive Growth/VA - Service Shares Sub-Account changed its name to Oppenheimer MidCap/VA - Service Shares Sub-Account. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. Rider Date on or after October 1, 2004 If your TrueReturn Option Rider Date is on or after October 1, 2004, and you choose Model Portfolio Option 2 or transfer your entire Contract Value into Model Portfolio Option 2, you may allocate your Contract Value among any of a selected group of available Variable Sub-Accounts listed below. However, you may not allocate your Contract Value among any of the excluded Variable Sub-Accounts listed below. You may choose to invest in or transfer among any of the available Variable Sub-Accounts. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. 34 PROSPECTUS

The following table lists the available and excluded Variable Sub-Accounts under Model Portfolio Option 2 (Rider Date on or after October 1, 2004)(1,2): MODEL PORTFOLIO OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004) - ----------------------------------------------------------------------- Available - ----------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account (6) Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (6) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (6) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (6) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (6) Fidelity VIP Index 500 - Service Class 2 Sub-Account (6) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (6) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account (2) FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (6) FTVIP Franklin U.S. Government - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account (2) Lord Abbett Series - Bond-Debenture Sub-Account (2) Lord Abbett Series - Growth and Income Sub-Account (2) Lord Abbett Series - Growth Opportunities Sub-Account (2) Lord Abbett Series - Mid-Cap Value Sub-Account (2) Oppenheimer MidCap/VA - Service Shares Sub-Account (7) Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT Money Market - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen LIT Money Market, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (3) Van Kampen UIF Equity and Income, Class II Sub-Account (3) Van Kampen UIF Global Franchise, Class II Sub-Account (3) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (3)(6) Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account & Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (3)(4) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (3) - ----------------------------------------------------------------------- Excluded - ----------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account (6) Oppenheimer Global Securities/VA - Service Shares Sub-Account Putnam VT Vista - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (5) Van Kampen UIF Equity Growth, Class I Sub-Account & Van Kampen UIF Equity Growth, Class II Sub-Account (3)(4) Van Kampen UIF Small Company Growth, Class II Sub-Account (3) - ----------------------------------------------------------------------- (1) The FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Account, which were closed to new investments effective May 1, 2003, are not available with the TrueReturn Option. You must transfer any portion of your Contract Value that is allocated to these Variable Sub-Accounts to any of the remaining Variable Sub-Accounts offered with the TrueReturn Option prior to adding the TrueReturn Option to your Contract.* (2) Variable Sub-Account was first offered under the Cotnract on October 1, 2004. See the first part of this two part supplement (Variable Sub-Account Additions and Closures) for additional information. (3) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (4)The Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may invest only in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. (5) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II was closed to new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio, you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed.* (6) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. (7) Effective May 1, 2006, the Oppenheimer Aggressive Growth/VA - Service Shares Sub-Account changed its name to Oppenheimer MidCap/VA - Service Shares Sub-Account. 35 PROSPECTUS

* AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD THIS TRUERETURN OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THIS TRUERETURN OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. TRUEBALANCE/SM/ MODEL PORTFOLIO OPTIONS. If you choose one of the TrueBalance/SM/ Model Portfolio Options or transfer your entire Contract Value into one of the TrueBalance/SM/ Model Portfolio Options, you may not choose the Variable Sub-Accounts or make transfers among the Variable Sub-Accounts in the TrueBalance Model Portfolio Option. Each TrueBalance Model Portfolio involves an allocation of assets among a group of pre-selected Variable Sub-Accounts. You cannot make transfers among the Variable Sub-Accounts nor vary the Variable Sub-Accounts that comprise a TrueBalance Model Portfolio Option. If you choose a TrueBalance Model Portfolio Option, we will invest and periodically reallocate your Contract Value according to the allocation percentages and requirements for the TrueBalance Model Portfolio Option you have selected currently. For more information regarding the TrueBalance program, see the "TrueBalance/SM/ Asset Allocation Program" section of this prospectus. However, note that the restrictions described in this section, specifically the restrictions on transfers and the requirement that all of your Contract Value be allocated to a TrueBalance Model Portfolio Option, apply to the TrueBalance program only if you have added the TrueReturn Option to your Contract. PLEASE NOTE ONLY CERTAIN TRUEBALANCE MODEL PORTFOLIO OPTIONS ARE AVAILABLE WITH YOUR TRUERETURN OPTION AS SUMMARIZED IN THE TABLE UNDER INVESTMENT REQUIREMENTS ABOVE. CANCELLATION OF THE TRUERETURN OPTION. You may not cancel the TrueReturn Option or make transfers, changes to your investment allocations, or changes to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment restrictions applicable to your Guarantee Option and/or Model Portfolio Option prior to the 5th Rider Anniversary. Failure to comply with the investment requirements for any reason may result in the cancellation of the TrueReturn Option. On or after the 5th Rider Anniversary, we will cancel the TrueReturn Option if you make transfers, changes to your investment allocations, or changes to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment requirements applicable to your Guarantee Option and/or Model Portfolio Option. We will not cancel the TrueReturn Option or make any changes to your investment allocations or to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment restrictions applicable to your Guarantee Option until we receive notice from you that you wish to cancel the TrueReturn Option. No Accumulation Benefit will be paid if you cancel the Option prior to the Rider Maturity Date. DEATH OF OWNER OR ANNUITANT. If the Contract Owner or Annuitant dies before the Rider Maturity Date and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provision of your Contract, as described on page 84 of this prospectus, then the TrueReturn Option will continue, unless the new Contract Owner elects to cancel this Option. If the TrueReturn Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D, then the TrueReturn Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. RIDER TRADE-IN OPTION. We offer a "RIDER TRADE-IN OPTION" that allows you to cancel your TrueReturn Option and immediately add a new TrueReturn Option ("NEW OPTION"), provided all of the following conditions are met: .. The trade-in must occur on or after the 5th Rider Anniversary and prior to the Rider Maturity Date. We reserve the right to extend the date at which time the trade-in may occur to up to the 10th anniversary of the Rider Date at any time in our sole discretion. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. .. The New Option will be made a part of your Contract on the date the existing TrueReturn Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The New Option must be a TrueReturn Option that we make available for use with the Rider Trade-In Option. .. The issue requirements and terms and conditions of the New Option must be met as of the date the New Option is made a part of your Contract. For example, if you trade-in your TrueReturn Option: .. the new Rider Fee will be based on the Rider Fee percentage applicable to a new TrueReturn Option at the time of trade-in; .. the Benefit Base for the New Option will be based on the Contract Value as of the new Rider Date; 36 PROSPECTUS

.. the AB Factor will be determined by the Rider Periods and Guarantee Options available with the New Option; .. the Model Portfolio Options will be determined by the Model Portfolio Options offered with the Guarantee Options available with the New Option; .. any waiting period for canceling the New Option will start again on the new Rider Date; .. any waiting period for exercising the Rider Trade-In Option will start again on the new Rider Date; and .. the terms and conditions of the Rider Trade-In Option will be according to the requirements of the New Option. We are also making the Withdrawal Benefit Options available at the time of your first utilization of this TrueReturn Rider Trade-In Option. We may discontinue offering any of these Withdrawal Benefit Options under the Rider Trade-In Option with respect to new TrueReturn Options added in the future at anytime at our discretion. If we do so, TrueReturn Options issued prior to this time will continue to have a Withdrawal Benefit Option available at the time of the first utilization of this TrueReturn Rider Trade-In Option. You may cancel your TrueReturn Option and immediately add a new SureIncome Option, a new SureIncome Plus Option, or a new SureIncome For Life Option, provided all of the following conditions are met: .. The trade-in must occur on or after the 5th Rider Anniversary and prior to the Rider Maturity Date. At our discretion, we reserve the right to extend the date at which time the trade-in may occur up to the 10th anniversary of the Rider Date at any time. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. .. The new Withdrawal Benefit Option will be made a part of your Contract on the date the existing TrueReturn Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The new Withdrawal Benefit Option must be a Withdrawal Benefit Option that we make available for use with this Rider Trade-In Option. .. The issue requirements and terms and conditions of the new Withdrawal Benefit Option must be met as of the date the new Withdrawal Benefit Option is made a part of your Contract. Currently, if you select the SureIncome or SureIncome Plus Withdrawal Benefit Option by utilizing the Rider Trade-In Option, the maximum age of any Contract Owner or Annuitant on the Rider Application Date is age 85. For other Withdrawal Benefit Options that may be selected in the future utilizing the Rider Trade-In Option, issue age requirements may differ. You should consult with your sales representative before trading in your TrueReturn Option. TERMINATION OF THE TRUERETURN OPTION. The TrueReturn Option will terminate on the earliest of the following to occur: .. on the Rider Maturity Date; .. on the Payout Start Date; .. on the date your Contract is terminated; .. on the date the Option is cancelled; .. on the date we receive a Complete Request for Settlement of the Death Proceeds; or .. on the date the Option is replaced with a New Option under the Rider Trade-In Option. We will not pay an Accumulation Benefit if the TrueReturn Option is terminated for any reason prior to the Rider Maturity Date. FIDELITY VIP FREEDOM FUNDS MODEL PORTFOLIO OPTIONS. If you choose one of the Fidelity VIP Freedom Funds Model Portfolio Options or transfer your entire Contract Value into one of the Fidelity VIP Freedom Funds Model Portfolio Options we will invest your Contract Value entirely into the Fidelity VIP Freedom Sub-Account associated with the Fidelity VIP Freedom Funds Model Portfolio Option you have currently selected. The following table lists the Fidelity VIP Freedom Sub-Account associated with each Fidelity VIP Freedom Funds Model Portfolio Option: FIDELITY VIP FREEDOM FUNDS FIDELITY VIP FREEDOM MODEL PORTFOLIO OPTIONS SUB-ACCOUNT - ----------------------------------------------------------------- Fidelity VIP Freedom Income Fidelity VIP Freedom Income - Fund Model Portfolio Option Service Class 2 Sub-Account - ----------------------------------------------------------------- Fidelity VIP Freedom 2010 Fund Fidelity VIP Freedom 2010 - Model Portfolio Option Service Class 2 Sub-Account - ----------------------------------------------------------------- Fidelity VIP Freedom 2020 Fund Fidelity VIP Freedom 2020 - Model Portfolio Option Service Class 2 Sub-Account - ----------------------------------------------------------------- Fidelity VIP Freedom 2030 Fund Fidelity VIP Freedom 2030 - Model Portfolio Option Service Class 2 Sub-Account - ----------------------------------------------------------------- The Fidelity VIP Freedom Funds Model Portfolio Options are available as Model Portfolio Options under Guarantee Option 1 and Guarantee Option 2 (Rider Date prior to October 1, 2004). For Guarantee Option 2 (Rider Date on or after October 1, 2004), the Fidelity VIP Freedom Funds are part of the available Variable Sub-Accounts listed under Model Portfolio Option 2. Please note only certain Fidelity VIP Freedom Funds Model Portfolio Options are available with your TrueReturn Option as summarized in the table under Investment Requirements above. WITHDRAWAL BENEFIT OPTIONS "WITHDRAWAL BENEFIT OPTIONS" is used to refer collectively to the SureIncome Withdrawal Benefit Option, the SureIncome Plus Withdrawal Benefit 37 PROSPECTUS

Option, and the SureIncome For Life Withdrawal Benefit Option. "Withdrawal Benefit Option" is used to refer to any one of the Withdrawal Benefit Options. Some broker-dealers or banks may limit the availability of one or more Withdrawal Benefit Option. Your individual sales representative will describe any limitations to you. SUREINCOME WITHDRAWAL BENEFIT OPTION We offer the SureIncome Withdrawal Benefit Option ("SureIncome Option"), which is available for an additional fee. The SureIncome Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals that total an amount equal to your purchase payments plus any applicable credit enhancements (subject to certain restrictions). Therefore, regardless of the subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until your Benefit Base is exhausted (terms defined below). The SureIncome Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" until the "BENEFIT BASE" (defined below) is reduced to zero. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, we will distribute an amount equal to the Benefit Base to the Contract owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE". For purposes of the SureIncome Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome Option. Currently, you may have only one Withdrawal Benefit Option (SureIncome, SureIncome Plus or SureIncome For Life) in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome Option is only available if the oldest Contract Owner and oldest Annuitant are age 85 or younger on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state.) The SureIncome Option is not available to be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome Option may be cancelled at any time on or after the 5th calendar year anniversary of the Rider Date by notifying us in writing in a form satisfactory to us. We may discontinue offering, at any time without prior notice, the SureIncome Option to new Contract Owners and to existing Contract Owners who did not elect the SureIncome Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. We currently offer a Withdrawal Benefit Factor equal to 8%. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome Options and/or to eliminate the current Withdrawal Benefit Factor. Once a Withdrawal Benefit Factor has been established for a SureIncome Option, it cannot be changed after the Rider Date unless that SureIncome Option is terminated. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any purchase payments or withdrawals made on a Contract Anniversary would be applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Options) and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero. On the Rider Date, the Benefit Payment is equal to the greater of: 38 PROSPECTUS

.. The Contract Value multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Options); or .. The value of the Benefit Payment of the previous Withdrawal Benefit Option (attached to your Contract) which is being terminated under a rider trade-in option (see "Rider Trade-In Option" below for more information), if applicable. After the Rider Date, the Benefit Payment will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: . The Benefit Payment immediately prior to the withdrawal; or . The Contract Value immediately prior to withdrawal less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to withdrawal less the amount of the withdrawal. The Benefit Base may also be reduced in other situations as detailed in the "Contract Owner and Assignment of Payments or Interest" section below. IF THE BENEFIT BASE IS REDUCED TO ZERO, THIS SUREINCOME OPTION WILL TERMINATE. For numerical examples that illustrate how the values defined under the SureIncome Option are calculated, see Appendix H. CONTRACT OWNER AND ASSIGNMENT OF PAYMENTS OR INTEREST If you change the Contract Owner or assign any payments or interest under this Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated to be the lesser of the Contract Value and the Benefit Base at the time of assignment. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Base is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase subject to the following: The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase can be made after the Withdrawal Benefit Payout Start Date. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. 39 PROSPECTUS

During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e., if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made over a period certain such that total payments made will equal the Benefit Base on the Payout Start Date; therefore, the final payment may be less than each of the previous payments. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome Option may be larger so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the commencement of the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. CANCELLATION OF THE SUREINCOME OPTION You may not cancel the SureIncome Option prior to the 5th calendar year anniversary of the Rider Date. On or after the 5th calendar year anniversary of the Rider Date you may cancel the rider by notifying us in writing in a form satisfactory to us. We reserve the right to extend the date at which time the cancellation may occur to up to the 10th calendar year anniversary of the Rider Date at any time in our sole discretion. Any such change we make will not apply to a SureIncome Option that was added to your Contract prior to the implementation date of the change. RIDER TRADE-IN OPTION We offer a "RIDER TRADE-IN OPTION" that allows you to cancel your SureIncome Option and immediately add a new Withdrawal Benefit Option ("New SureIncome Option"). We currently offer the SureIncome Option or SureIncome Plus Withdrawal Benefit Option as New SureIncome Options available under the Rider Trade-In Option. We may also offer other Options ("New Options") under the Rider Trade-In Option. However, you may only select one Option under this Rider Trade-In Option at the time you cancel your SureIncome Option. Currently, we are also making the TrueReturn Accumulation Benefit Option available at the time of your first utilization of this Rider Trade-In Option so that you have the ability to switch from the SureIncome Option to the TrueReturn Accumulation Benefit Option. We may discontinue offering the TrueReturn Option under the Rider Trade-In Option for New SureIncome Options added in the future at anytime at our discretion. If we do so, SureIncome Options issued prior to this time will continue to have a Withdrawal Benefit Option and TrueReturn Option available at the time of the first utilization of this SureIncome Rider Trade-In Option. This Rider Trade-in Option is available provided all of the following conditions are met: .. The trade-in must occur on or after the 5th calendar year anniversary of the Rider Date. We reserve the right to extend the date at which time the trade-in may occur to up to the 10th calendar year anniversary of the Rider Date at any time in our sole discretion. Any change we make will not apply to a SureIncome Option that was added to your Contract prior to the implementation date of the change. .. The New SureIncome Option or any New Option will be made a part of your Contract on the date the existing Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The New SureIncome Option or any New Option must be an Option that we make available for use with this Rider Trade-In Option. .. The issue requirements and terms and conditions of the New SureIncome Option or the New Option must be met as of the date any such Option is made a part of your Contract. Currently, if you select the SureIncome or SureIncome Plus Withdrawal Benefit Option utilizing the Rider Trade-in Option, the maximum age of any Contract Owner or Annuitant on the Rider Application Date is age 85. For a New SureIncome Option or New Option that may be offered and selected in the future utilizing the Rider Trade-In Option, issue age requirements may differ. 40 PROSPECTUS

If the New Option is a New SureIncome Option, it must provide that the new Benefit Payment be greater than or equal to your current Benefit Payment as of the date the Rider Trade-In Option is exercised, if applicable. You should consult with your sales representative before trading in your SureIncome Option. DEATH OF OWNER OR ANNUITANT If the Owner or Annuitant dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome Option. If the SureIncome Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D above, then the SureIncome Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. If the Contract death settlement options are governed by an Endorsement and such Endorsement allows for the continuation of the Contract upon the death of the Owner or Annuitant by the spouse, the SureIncome Option will continue unless the new Owner elects to cancel the SureIncome Option. If the SureIncome Option is continued, it will remain in effect until terminated pursuant to Termination of the SureIncome Option below. If the Contract is not continued, then the SureIncome Option will terminate on the date we received a complete request for settlement of the Death Proceeds. TERMINATION OF THE SUREINCOME OPTION The SureIncome Option will terminate on the earliest of the following to occur: .. The Benefit Base is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Option is cancelled; .. On the date we receive a Complete Request for Settlement of the Death Proceeds; or .. On the date the SureIncome Option is replaced with a New Option under the Rider Trade-In Option. SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION We offer the SureIncome Plus Withdrawal Benefit Option ("SureIncome Plus Option"), except in a limited number of states where it is not currently available, for an additional fee. The SureIncome Plus Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals, which may increase during the first 10 years of the Option, that total an amount equal to your purchase payments plus any applicable credit enhancements, subject to certain restrictions. Therefore, regardless of the subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until your Benefit Base is exhausted (see defined terms below). The SureIncome Plus Option also provides an additional death benefit option. The SureIncome Plus Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" until the "BENEFIT BASE" (defined below) is reduced to zero. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, we will distribute an amount equal to the Benefit Base to the Contract Owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE". Prior to the commencement of the Withdrawal Benefit Payout Phase, the SureIncome Plus Option also provides an additional death benefit option, the SureIncome Return of Premium Death Benefit ("SUREINCOME ROP DEATH BENEFIT"). This death benefit option is described below under "DEATH OF OWNER OR ANNUITANT" and in the DEATH BENEFITS section starting on page 80. For purposes of the SureIncome Plus Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome Plus Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome Plus Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome Plus Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome Plus Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome Plus Option. Currently, you may have only one Withdrawal Benefit Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome Plus Option is only available if the oldest Contract Owner and oldest Annuitant are age 85 or younger on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state.) The SureIncome Plus Option may not be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome Plus Option 41 PROSPECTUS

available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome Plus Option may not be cancelled at any time. We may discontinue offering the SureIncome Plus Option at any time to new Contract Owners and to existing Contract Owners who did not elect the SureIncome Plus Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. We currently offer a Withdrawal Benefit Factor equal to 8%. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome Plus Options and/or to eliminate the current Withdrawal Benefit Factor. Once a Withdrawal Benefit Factor has been established for a SureIncome Plus Option, it cannot be changed after the Rider Date. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base and your SureIncome ROP Death Benefit by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any purchase payments or withdrawals made on a Contract Anniversary would be applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Plus Options) and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero. On the Rider Date, the Benefit Payment is equal to the greater of: .. The Contract Value multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Plus Options); or .. The value of the Benefit Payment of the previous Withdrawal Benefit Option (attached to your Contract) which is being terminated under a rider trade-in option, if applicable. See RIDER TRADE-IN OPTION, above, under SUREINCOME WITHDRAWAL BENEFIT OPTION for more information. After the Rider Date, the Benefit Payment will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: .. The Benefit Payment immediately prior to the withdrawal; or .. The Contract Value immediately prior to withdrawal less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor. As used in the above calculation, Contract Value incorporates the impact of any purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Payment may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Payment will be recalculated to the greater of: .. The Benefit Payment following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals, and expenses multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. 42 PROSPECTUS

BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome Plus Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to the withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to the withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Base may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Base will be recalculated to the greater of: .. The Benefit Base following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses. The Benefit Base may also be reduced in other situations as detailed in the "Contract Owner and Assignment of Payments or Interest" section below. IF THE BENEFIT BASE IS REDUCED TO ZERO, THIS SUREINCOME PLUS OPTION WILL TERMINATE. For numerical examples that illustrate how the values defined under the SureIncome Plus Option are calculated, see Appendix I. CONTRACT OWNER AND ASSIGNMENT OF PAYMENTS OR INTEREST If you change the Contract Owner or assign any payments or interest under the Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated to be the lesser of the Contract Value or the Benefit Base at the time of assignment. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Base is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome Plus Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase. The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase of the Contract can be made after the Withdrawal Benefit Payout Start Date. Since the Accumulation Phase ends at this point, the SureIncome ROP Death Benefit no longer applies. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the commencement of the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e., if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made over a period certain such that total payments made will equal the Benefit Base on the Payout Start Date; therefore, the final payment may be less than each of the previous payments. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome Plus Option may be larger so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. 43 PROSPECTUS

If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome Plus Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. DEATH OF OWNER OR ANNUITANT If the Owner or the Annuitant dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome Plus Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome Plus Option. If the SureIncome Plus Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D above, then the SureIncome Plus Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. If the Contract death settlement options are governed by an Endorsement and such Endorsement allows for the continuation of the Contract upon the death of the Owner or Annuitant by the spouse, the SureIncome Plus Option will continue unless the new Owner elects to cancel the SureIncome Plus Option. If the SureIncome Plus Option is continued, it will remain in effect until terminated pursuant to Termination of the SureIncome Plus Option below. If the Contract is not continued, then the SureIncome Plus Option will terminate on the date we received a complete request for settlement of the Death Proceeds. The SureIncome Plus Option also makes available the SureIncome ROP Death Benefit. On the Rider Date, the SureIncome ROP Death Benefit is equal to the Contract Value. After the Rider Date, the SureIncome ROP Death Benefit will be increased by purchase payments (and Credit Enhancements in the case of ALLSTATE ADVISOR PLUS CONTRACTS) and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The SureIncome ROP Death Benefit immediately prior to withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments (and Credit Enhancements in the case of ALLSTATE ADVISOR PLUS CONTRACTS) received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. For numerical examples that illustrate how the SureIncome ROP Death Benefit under the SureIncome Plus Option is calculated, see Appendix I. Refer to the Death Benefits section (page 80) for more details on the SureIncome ROP Death Benefit. TERMINATION OF THE SUREINCOME PLUS OPTION The SureIncome Plus Option will terminate on the earliest of the following to occur: .. The Benefit Base is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Plus Option is cancelled as detailed under Death of Owner or Annuitant above; or .. On the date we receive a Complete Request for Settlement of the Death Proceeds. SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION We offer the SureIncome For Life Withdrawal Benefit Option ("SureIncome For Life Option"), except in a limited number of states where it is not currently available, for an additional fee. The SureIncome For Life Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals, which may increase during the first 10 years of the Option, as long as the SureIncome Covered Life is alive, subject to certain restrictions. Therefore, regardless of subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until the death of the SureIncome Covered Life (as 44 PROSPECTUS

defined below), subject to certain restrictions. The SureIncome For Life Option also provides an additional death benefit option. The SureIncome For Life Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" as long as the SureIncome Covered Life is alive, subject to certain restrictions. The "SUREINCOME COVERED LIFE" is the oldest Contract Owner, or the oldest Annuitant if the Contact Owner is a non-living entity, on the Rider Date. If the Contract Value is reduced to zero and the Benefit Payment is still greater than zero, we will distribute an amount equal to the Benefit Payment each year to the Contract Owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE" as long as the SureIncome Covered Life is alive. Prior to the commencement of the Withdrawal Benefit Payout Phase, the SureIncome For Life Option also provides an additional death benefit option, the SureIncome Return of Premium Death Benefit ("SUREINCOME ROP DEATH BENEFIT"). This Option is described below under "DEATH OF OWNER OR ANNUITANT" and in the DEATH BENEFITS section starting on page 80. For purposes of the SureIncome For Life Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome For Life Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome For Life Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome For Life Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome For Life Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome For Life Option. Currently, you may have only one Withdrawal Benefit Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome For Life Option is only available if the oldest Contract Owner or the oldest Annuitant, if the Contract Owner is a non-living entity (i.e., the SureIncome Covered Life) is between the ages of 50 and 79, inclusive, on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state.) The SureIncome For Life Option may not be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome For Life Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome For Life Option may not be cancelled at any time. We may discontinue offering the SureIncome For Life Option at any time to new Contract Owners and to existing Contract Owners who did not elect the SureIncome For Life Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. Prior to the earlier of the date of the first withdrawal after the issuance of the SureIncome For Life Option or the date the Contract enters the Withdrawal Benefit Payout Phase, the Withdrawal Benefit Factor used in these determinations may change as shown below. Generally speaking, during this period the Withdrawal Benefit Factor will increase as the SureIncome Covered Life grows older. On the earlier of the date of the first withdrawal after the issuance of the SureIncome for Life Option or the date the Contract enters the Withdrawal Benefit Payout Phase, the Withdrawal Benefit Factor will be fixed at the then applicable rate, based on the then current attained age of the SureIncome Covered Life, and will be used in all subsequent determinations of Benefit Payments and Benefit Payments Remaining. AFTER THIS ---------- DATE THE WITHDRAWAL BENEFIT FACTOR WILL NOT CHANGE. - --------------------------------------------------- We currently offer the following Withdrawal Benefit Factors: Attained Age of SureIncome Covered Life Withdrawal Benefit Factor ----------------------- ------------------------- 50-59 4% 60-69 5% 70+ 6% The Withdrawal Benefit Factors and age ranges applicable to your Contract are set on the Rider Date. They cannot be changed after the SureIncome For Life Option has been added to your Contract. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome For Life Options, change the age ranges to which they apply, and/or to eliminate currently available Withdrawal Benefit Factors. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base and your SureIncome ROP Death 45 PROSPECTUS

Benefit by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any premiums or withdrawals made on a Contract Anniversary are applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. On the Rider Date, the Benefit Payment is equal to the Contract Value multiplied by the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life. After the Rider Date, the Benefit Payment and Benefit Payment Remaining will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life. On the date of the first withdrawal after the Rider Date the Benefit Payment and Benefit Payment Remaining will equal the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life multiplied by the Benefit Base immediately after application of any purchase payments, but prior to the withdrawal on that date. THE WITHDRAWAL BENEFIT FACTOR USED IN ALL FUTURE CALCULATIONS WILL NOT ---------------------------------------------------------------------- CHANGE. - ------- After the first withdrawal, the Benefit Payment Remaining will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining is reduced by the amount of any withdrawal. The Benefit Payment Remaining will never be less than zero. After the first withdrawal, the Benefit Payment will be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) multiplied by the Withdrawal Benefit Factor. The Benefit Payment is affected by withdrawals as follows: .. If a withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. .. If a withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: . The Benefit Payment immediately prior to the withdrawal; or . The Benefit Base immediately after the withdrawal multiplied by the Withdrawal Benefit Factor. IF THE BENEFIT PAYMENT IS REDUCED TO ZERO, THE SUREINCOME FOR LIFE OPTION WILL TERMINATE. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Payment may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Payment will be recalculated to the greater of: .. The Benefit Payment following application of all purchase payments and withdrawals on that Contract Anniversary; or .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses, multiplied by the Withdrawal Benefit Factor currently applicable. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome For Life Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments (and Credit Enhancements for Allstate Advisor Plus Contracts) and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to withdrawal less the amount of the withdrawal (this value cannot be less than zero). As used in the above calculation, Contract Value incorporates the impact of any purchase payments (and Credit Enhancements for Allstate Advisor Plus Contracts) received on the date of this withdrawal, but before the application of any SureIncome For Life 46 PROSPECTUS

Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Base may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Base will be recalculated to the greater of: .. The Benefit Base following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses. For numerical examples that illustrate how the values defined under the SureIncome For Life Option are calculated, see Appendix J. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Payment is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome For Life Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase. The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase of the Contract can be made after the Withdrawal Benefit Payout Start Date. Since the Accumulation Phase of the Contract ends at this point, the SureIncome ROP Death Benefit no longer applies. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e. if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made until the later of the death of the SureIncome Covered Life or over a period certain based on the total payments made equaling at least the Benefit Base on the Payout Start Date. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome For Life Option may be larger during the period certain so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the commencement of the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome For Life Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. DEATH OF OWNER OR ANNUITANT If the SureIncome Covered Life dies during the Accumulation Phase of the Contract, the SureIncome For Life Option will terminate on the date of the SureIncome Covered Life's death. If the Contract Owner or the Annuitant who is not the SureIncome Covered Life dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome For Life Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome For Life Option. If the SureIncome For Life Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D, then the SureIncome For Life Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. 47 PROSPECTUS

The SureIncome For Life Option also makes available the SureIncome ROP Death Benefit. The SureIncome ROP Death Benefit is only available upon the death of the SureIncome Covered Life. If a Contract Owner, Annuitant or Co-Annuitant who is not the SureIncome Covered Life dies, the SureIncome ROP Death Benefit is not applicable. On the Rider Date, the SureIncome ROP Death Benefit is equal to the Contract Value. After the Rider Date, the SureIncome ROP Death Benefit will be increased by purchase payments (and Credit Enhancements in the case of ALLSTATE ADVISOR PLUS CONTRACTS) and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The SureIncome ROP Death Benefit immediately prior to withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments (and Credit Enhancements in the case of ALLSTATE ADVISOR PLUS CONTRACTS) received on the date of this withdrawal, but before the application of any SureIncome For Life Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge applicable. For numerical examples that illustrate how the SureIncome ROP Death Benefit under the SureIncome For Life Option is calculated, see Appendix J. Refer to the DEATH BENEFITS section (page 80 for more details on the SureIncome ROP Death Benefit. TERMINATION OF THE SUREINCOME FOR LIFE OPTION The SureIncome For Life Option will terminate on the earliest of the following to occur: .. The Benefit Payment is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Covered Life is removed from the Contract for any reason, and is no longer a Contract Owner or Annuitant under the Contract (if the Covered Life continues as only the Beneficiary, the Option will terminate); .. On the date the SureIncome For Life Option is cancelled as detailed under Death of Owner or Annuitant section above; .. On the date we receive a Complete Request for Settlement of the Death Proceeds; or .. On the date the SureIncome Covered Life dies if the SureIncome Covered Life dies prior to the Payout Start Date. INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS) If you add a Withdrawal Benefit Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. The specific requirements are described below in more detail and will depend on your current Model Portfolio Option and your Withdrawal Benefit Factor(s). These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-Accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-Accounts, and restrictions on transfers to or from certain investment alternatives. We may also require that you use the Automatic Portfolio Rebalancing Program. We may change the specific requirements that are applicable at any time in our sole discretion. Any changes we make will not apply to a Withdrawal Benefit Option that was made a part of your Contract prior to the implementation date of the change, except for changes made due to a change in investment alternatives available under the Contract. This restriction does not apply to a New SureIncome Option or to a New Option elected pursuant to the Rider Trade-In Option. We reserve the right to have requirements unique to specific Withdrawal Benefit Factors if we make other Withdrawal Benefit Factors available in the future including specific model portfolio options ("Model Portfolio Options") as described below available only to certain Withdrawal Benefit Factors. When you add a Withdrawal Benefit Option to your Contract, you must allocate your entire Contract Value as follows: 1) to a MODEL PORTFOLIO OPTION available as described below; 2) to the DCA Fixed Account Option and then transfer all purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and interest to an available Model Portfolio Option; or 3) to a combination of (1) and (2) above. For (2) and (3) above, the requirements for the DCA Fixed Account Option must be met. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. 48 PROSPECTUS

On the Rider Date, you must select only one of the Model Portfolio Options to which to allocate your Contract Value. After the Rider Date, you may transfer your entire Contract Value to any of the other available Model Portfolio Options. We currently offer several Model Portfolio Options. The Model Portfolio Options that are available may differ depending upon the effective date of your Withdrawal Benefit Option and your Withdrawal Benefit Factor. Please refer to the Model Portfolio Option and TrueBalance/SM/ Model Portfolio Options sections of this prospectus for more details. We may add other Model Portfolio Options in the future. We also may remove Model Portfolio Options in the future anytime prior to the date you select such Model Portfolio Option. In addition, if the investment alternatives available under the Contract change, we may revise the Model Portfolio Options. The following table summarizes the Model Portfolio Options currently available for use: *Model Portfolio Option 1 *TrueBalance Conservative Model Portfolio Option *TrueBalance Moderately Conservative Model Portfolio Option *TrueBalance Moderate Model Portfolio Option *TrueBalance Moderately Aggressive Model Portfolio Option *TrueBalance Aggressive Model Portfolio Option - ------------------------------------------------------------- NOTE: THE TRUEBALANCE MODEL PORTFOLIO OPTIONS WERE FIRST MADE AVAILABLE IN CONNECTION WITH A WITHDRAWAL BENEFIT OPTION ON MAY 1, 2005. NOTE: THE TRUEBALANCE MODEL PORTFOLIO OPTIONS WERE FIRST MADE AVAILABLE IN CONNECTION WITH A WITHDRAWAL BENEFIT OPTION ON MAY 1, 2005. ANY TRUEBALANCE MODEL PORTFOLIOS OFFERED UNDER THE TRUEBALANCE ASSET ALLOCATION PROGRAM PRIOR TO MAY 1, 2005, MAY NOT BE USED IN CONNECTION WITH A WITHDRAWAL BENEFIT OPTION. You may not allocate any of your Contract Value to the Standard Fixed Account Option or to the Market Value Adjusted Fixed Account Option. You must transfer any portion of your Contract Value that is allocated to the Standard Fixed Account Option or to the Market Value Adjusted Fixed Account Option to the Variable Sub-Accounts prior to adding a Withdrawal Benefit Option to your Contract. Transfers from the Market Value Adjusted Fixed Account Option may be subject to a Market Value Adjustment. You may allocate any portion of your purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) to the DCA Fixed Account Option on the Rider Date, provided the DCA Fixed Account Option is available with your Contract and in your state. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account, any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to your most recent percentage allocation selections for your Model Portfolio Option. Any subsequent purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made to your Contract will be allocated to the Variable Sub-Accounts according to your specific instructions or your allocation for the previous purchase payment (for Model Portfolio Option 1) or the percentage allocation for your current Model Portfolio Option (for TrueBalance Model Portfolio Options) unless you request that the purchase payment (and Credit Enhancement for ALLSTATE ADVISOR PLUS CONTRACTS) be allocated to the DCA Fixed Account Option. Purchase payments allocated to the DCA Fixed Account Option must be $100 or more. Any withdrawals you request will reduce your Contract Value invested in each of the investment alternatives on a pro rata basis in the proportion that your Contract Value in each bears to your total Contract Value in all investment alternatives, unless you request otherwise. MODEL PORTFOLIO OPTION 1. If you choose Model Portfolio Option 1 or transfer your entire Contract Value into Model Portfolio Option 1, we have divided the Variable Sub-Accounts into two separate categories: "Available" and "Excluded." Currently, you may allocate up to 100% of your Contract Value to the Available Variable Sub-Accounts in any manner you choose. You may not allocate ANY PORTION of your Contract Value to the Excluded Variable Sub-Accounts. You may make transfers among any of the Available Variable Sub-Accounts. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. 49 PROSPECTUS

Currently the Available Variable Sub-Accounts and the Excluded Variable Sub-Accounts are as follows (1,2): Available - ------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account (2) Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (2) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (2) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (2) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (2) Fidelity VIP Index 500 - Service Class 2 Sub-Account (2) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (2) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (2) FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Franklin U.S. Government - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (3) Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT Money Market - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen LIT Money Market, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account(4) Van Kampen UIF Equity and Income, Class II Sub-Account(4) Van Kampen UIF Global Franchise, Class II Sub-Account(4) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2)(4) Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account & Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account(4)(5) Van Kampen UIF U.S. Real Estate, Class II Sub-Account(4) - ------------------------------------------------------------------- Excluded - ------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account (2) Oppenheimer Global Securities/VA - Service Shares Sub-Account Putnam VT Vista - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (6) Van Kampen UIF Equity Growth, Class I Sub-Account & Van Kampen UIF Equity Growth, Class II Sub-Account(4)(5) Van Kampen UIF Small Company Growth, Class II Sub-Account(4) - ------------------------------------------------------------------- (1) The FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Account, which were closed to new investments effective May 1, 2003, are not available with the SureIncome Option. You must transfer any portion of your Contract Value that is allocated to these Variable Sub-Accounts to any of the remaining Variable Sub-Accounts offered with the SureIncome Option prior to adding the SureIncome Option to your Contract.* (2) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. (3)Effective May 1, 2006, the Oppenheimer Aggressive Growth/VA - Service Shares Sub-Account changed its name to Oppenheimer MidCap/VA - Service Shares Sub-Account. (4 )Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (5) The Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may invest only in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. (6) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II was closed to new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio, you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed.* * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD ANY WITHDRAWAL BENEFIT OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING 50 PROSPECTUS

VARIABLE SUB-ACCOUNTS AVAILABLE WITH A WITHDRAWAL BENEFIT OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. TRUEBALANCE/SM/ MODEL PORTFOLIO OPTIONS. If you choose one of the TrueBalance/SM/ Model Portfolio Options or transfer your entire Contract Value into one of the TrueBalance/SM/ Model Portfolio Options, you may not choose the Variable Sub-Accounts or make transfers among the Variable Sub-Accounts that comprise that TrueBalance Model Portfolio Option. Each TrueBalance Model Portfolio involves an allocation of assets among a group of pre-selected Variable Sub-Accounts. You cannot make transfers among the Variable Sub-Accounts nor vary the Variable Sub-Accounts that comprise a TrueBalance Model Portfolio Option. If you choose a TrueBalance Model Portfolio Option, we will invest and periodically reallocate your Contract Value according to the allocation percentages and requirements for the TrueBalance Model Portfolio Option you have selected currently. For more information regarding the TrueBalance program, see the "TrueBalance/SM/ Asset Allocation Program" section of this prospectus. However, note that the restrictions described in this section, specifically the restrictions on transfers and the requirement that all of your Contract Value be allocated to a TrueBalance Model Portfolio Option, apply to the TrueBalance program only if you have added a Withdrawal Benefit Option to your Contract. INVESTMENT ALTERNATIVES: THE VARIABLE SUB-ACCOUNTS - -------------------------------------------------------------------------------- You may allocate your purchase payments to up to 54* Variable Sub-Accounts. Each Variable Sub-Account invests in the shares of a corresponding Portfolio. Each Portfolio has its own investment objective(s) and policies. We briefly describe the Portfolios below. For more complete information about each Portfolio, including expenses and risks associated with each Portfolio, please refer to the prospectuses for the Funds. We will mail to you a prospectus for each Portfolio related to the Variable Sub-Accounts to which you allocate your purchase payment. YOU SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INVESTMENT ALTERNATIVES WHEN MAKING AN ALLOCATION TO THE VARIABLE SUB-ACCOUNTS. TO OBTAIN ANY OR ALL OF THE UNDERLYING PORTFOLIO PROSPECTUSES, PLEASE CONTACT US AT 1-800-203-0068 OR GO TO WWW.ACCESSALLSTATE.COM. *Up to 61 Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 51 for information about Sub-Account and/or Portfolio liquidations, mergers and name changes. PORTFOLIO: EACH PORTFOLIO SEEKS: INVESTMENT ADVISER: Fidelity VIP Long-term capital Contrafund(R) Portfolio appreciation - Service Class 2 - ------------------------------------------------------- Fidelity VIP Freedom High total return with a 2010 Portfolio - secondary objective of Service Class 2 principal preservation as the fund approaches its target date and beyond - ------------------------------------------------------- Fidelity VIP Freedom High total return with a 2020 Portfolio - secondary objective of Service Class 2 principal preservation as the fund approaches its target date and beyond - ------------------------------------------------------- Fidelity VIP Freedom High total return with a 2030 Portfolio - secondary objective of Service Class 2 principal preservation as the fund approaches its target date and beyond - ------------------------------------------------------- Fidelity VIP Freedom High total return with a Fidelity Management & Income Portfolio - secondary objective of Research Company Service Class 2 principal preservation - ------------------------------------------------------- Fidelity VIP Growth To achieve capital Stock Portfolio - appreciation Service Class 2 - ------------------------------------------------------- Fidelity VIP Index 500 Investment results that Portfolio - Service correspond to the total Class 2 return of common stocks publicly traded in the United States as represented by the Standard & Poor's 500(SM) Index (S&P 500(R)) - ------------------------------------------------------- Fidelity VIP Mid Cap Long-term growth of capital Portfolio - Service Class 2 - ------------------------------------------------------- 51 PROSPECTUS

FTVIP Franklin Growth Capital appreciation with and Income Securities current income as a Fund - Class 2 secondary goal. - ------------------------------------------------------- FTVIP Franklin Income To maximize income while Securities Fund - Class maintaining prospects for 2 capital appreciation. - ------------------------------------------------------- FTVIP Franklin Large Cap Capital appreciation Growth Securities Fund - Class 2 Franklin Advisers, Inc. FTVIP Franklin Small-Mid Long-term capital growth. Cap Growth Securities Fund - Class 2 (1) FTVIP Franklin U.S. Income Government Fund - Class 2 FTVIP Templeton Global High current income, Income Securities Fund consistent with - Class 2 (1) preservation of capital, with capital appreciation as a secondary consideration. FTVIP Franklin Small Cap Long-term total return. Franklin Advisory Value Securities Fund - Services, LLC Class 2 - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Capital appreciation Securities Fund - Class 2 FTVIP Mutual Shares Capital appreciation with Franklin Mutual Securities Fund - Class income as a secondary goal Advisers, LLC 2 FTVIP Templeton Long-term capital Developing Markets appreciation. Templeton Asset Securities Fund - Class Management Ltd. 2 FTVIP Templeton Foreign Long-term capital growth. Templeton Investment Securities Fund - Class Counsel, LLC 2 - ------------------------------------------------------------------------------- Lord Abbett Series Fund Long-term growth of capital - All Value Portfolio and income without excessive fluctuations in market value - ------------------------------------------------------- Lord Abbett Series Fund High current income and the - Bond-Debenture opportunity for capital Portfolio appreciation to produce a high total return - ------------------------------------------------------- Lord Abbett Series Fund Long-term growth of capital - Growth and Income and income without Lord, Abbett & Co. LLC Portfolio excessive fluctuations in market value - ------------------------------------------------------- Lord Abbett Series Fund Capital appreciation - Growth Opportunities Portfolio - ------------------------------------------------------- Lord Abbett Series Fund Capital appreciation - Mid-Cap Value through investments, Portfolio primarily in equity securities, which are believed to be undervalued in the marketplace - ------------------------------------------------------------------------------- 52 PROSPECTUS

Oppenheimer MidCap Capital appreciation by Fund/VA - Service investing in "growth Shares (2) type" companies. - ------------------------------------------------------- Oppenheimer Balanced A high total investment Fund/VA - Service return, which includes Shares current income and capital appreciation in the value of its shares. Oppenheimer Core Bond High level of current Fund/VA - Service income. As a secondary Shares objective, the Portfolio seeks capital appreciation when consistent with its primary objective. - ------------------------------------------------------- Oppenheimer Capital Capital appreciation by Appreciation Fund/VA - investing in securities of Service Shares well-known, established companies. - ------------------------------------------------------- Oppenheimer Global Long-term capital Securities Fund/VA - appreciation by investing OppenheimerFunds, Inc. Service Shares a substantial portion of assets in securities of foreign issuers, growth-type companies, cyclical industries and special situations that are considered to have appreciation possibilities. Oppenheimer High Income A high level of current Fund/VA - Service income from investment in Shares high-yield fixed-income securities. - ------------------------------------------------------- Oppenheimer Main Street High total return (which Fund(R)/VA - Service includes growth in the Shares value of its shares as well as current income) from equity and debt securities. Oppenheimer Main Street Capital appreciation. Small Cap Fund(R)/VA - Service Shares - ------------------------------------------------------------------------------- Oppenheimer Strategic A high level of current Bond Fund/VA - Service income principally derived Shares from interest on debt securities. - ------------------------------------------------------- Putnam VT The George To provide a balanced Putnam Fund of Boston - investment composed of a Class IB well diversified portfolio of value stocks and bonds, which produce both capital growth and current income. Putnam VT Global Asset A high level of long-term Allocation Fund - Class total return consistent IB with preservation of capital. - ------------------------------------------------------- Putnam VT Growth and Capital growth and current Income Fund - Class IB income. - ------------------------------------------------------- Putnam VT Health Capital appreciation. Sciences Fund - Class IB (3) - ------------------------------------------------------- Putnam VT High Yield High current income. Fund - Class IB Capital growth is a secondary goal when consistent with achieving high current income. - -------------------------------------------------------Putnam Investment Putnam VT Income Fund - High current income Management, LLC Class IB consistent with what ("PUTNAM MANAGEMENT") Putnam Management believes to be prudent risk. - ------------------------------------------------------- Putnam VT International Capital appreciation. Equity Fund - Class IB - ------------------------------------------------------- Putnam VT Investors Fund Long-term growth of capital - Class IB and any increased income that results from this growth. - ------------------------------------------------------- Putnam VT Money Market As high a rate of current Fund - Class IB income as Putnam Management believes is consistent with preservation of capital and maintenance of liquidity. - ------------------------------------------------------- Putnam VT New Long-term capital Opportunities Fund - appreciation. Class IB (3) - ------------------------------------------------------- Putnam VT New Value Fund Long-term capital - Class IB appreciation. - ------------------------------------------------------------------------------- Putnam VT Research Fund Capital appreciation. - Class IB (3) - ------------------------------------------------------- Putnam VT Utilities Capital growth and current Growth and Income Fund income. - Class IB (3) - ------------------------------------------------------- Putnam VT Vista Fund - Capital appreciation. Class IB - ------------------------------------------------------- Putnam VT Voyager Fund - Capital appreciation. Class IB - ------------------------------------------------------- 53 PROSPECTUS

Van Kampen LIT Capital growth Aggressive Growth Portfolio, Class II (4) - ------------------------------------------------------- Van Kampen LIT Comstock Capital growth and income Portfolio, Class II through investments in equity securities, including common stocks, preferred stocks and securities convertible Van Kampen Asset into common and preferred Management stocks. Van Kampen LIT Emerging Capital appreciation. Growth Portfolio, Class II Van Kampen LIT Growth Long-term growth of capital and Income Portfolio, and income. Class II Van Kampen LIT Money Protection of capital and Market Portfolio, Class high current income II through investments in money market instruments. ------------------------ - ------------------------------------------------------- Van Kampen UIF Emerging High total return by Markets Debt Portfolio, investing primarily in Class II fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries. Van Kampen UIF Equity Long-term capital Growth Portfolio, Class appreciation by investing I & Van Kampen UIF primarily in Equity Growth growth-oriented equity Portfolio, Class II (6) securities of U.S. and foreign companies - ------------------------------------------------------- Van Kampen UIF Equity Capital appreciation and and Income Portfolio, current income Class II - ------------------------------------------------------- Van Kampen UIF Global Long-term capital Franchise Portfolio, appreciation Class II - ------------------------------------------------------- Van Kampen UIF Mid Cap Long-term capital growth by VAN KAMPEN (5) Growth Portfolio, Class investing primarily in II growth-oriented equity securities of U.S. mid cap companies and foreign companies, including emerging markets securities. - ------------------------------------------------------- Van Kampen UIF Small Long-term capital Company Growth appreciation by investing Portfolio, Class II primarily in growth-oriented equity securities of small companies. - ------------------------------------------------------- Van Kampen UIF U.S. Mid Above-average total return Cap Value Portfolio, over a market cycle of Class I & Van Kampen three to five years by UIF U.S. Mid Cap Value investing in common stocks Portfolio, Class II (6) and other equity securities - ------------------------------------------------------- Van Kampen UIF U.S. Real Above average current Estate Portfolio, Class income and long-term II capital appreciation by investing primarily in ------------------------ equity securities of companies in the U.S. real estate industry, including real estate investment trusts - ------------------------------------------------------- (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts you may continue those investments. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-accounts in accordance with that program. Outside of these automatic transaction programs, you may not allocate purchase payments or make transfers to these Variable Sub-Accounts, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account Portfolios are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that 54 PROSPECTUS

program. Outside of these automatic transaction programs, you may not allocate purchase payments or make transfers to these Variable Sub-Accounts, additional allocations will not be allowed. (4) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth Portfolio, Class II and the Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II are offered with Contracts issued on or after May 1, 2004. Contracts issued prior to May 1, 2004, may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth Portfolio, Class I and the Van Kampen UIF U.S. Mid Cap Value Portfolio, Class I. AMOUNTS YOU ALLOCATE TO VARIABLE SUB-ACCOUNTS MAY GROW IN VALUE, DECLINE IN VALUE, OR GROW LESS THAN YOU EXPECT, DEPENDING ON THE INVESTMENT PERFORMANCE OF THE PORTFOLIOS IN WHICH THOSE VARIABLE SUB-ACCOUNTS INVEST. YOU BEAR THE INVESTMENT RISK THAT THE PORTFOLIOS MIGHT NOT MEET THEIR INVESTMENT OBJECTIVES. SHARES OF THE PORTFOLIOS ARE NOT DEPOSITS IN, OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED BY, ANY BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY. VARIABLE INSURANCE PORTFOLIOS MIGHT NOT BE MANAGED BY THE SAME PORTFOLIO MANAGERS WHO MANAGE RETAIL MUTUAL FUNDS WITH SIMILAR NAMES. THESE PORTFOLIOS ARE LIKELY TO DIFFER FROM SIMILARLY NAMED RETAIL MUTUAL FUNDS IN ASSETS, CASH FLOW, AND TAX MATTERS. ACCORDINGLY, THE HOLDINGS AND INVESTMENT RESULTS OF A VARIABLE INSURANCE PORTFOLIO CAN BE EXPECTED TO BE HIGHER OR LOWER THAN THE INVESTMENT RESULTS OF A SIMILARLY NAMED RETAIL MUTUAL FUND. TRUEBALANCE/SM/ ASSET ALLOCATION PROGRAM As a Contract Owner, you may elect to participate in the TrueBalance asset allocation program ("TrueBalance program") for no additional charge. Participation in the TrueBalance program may be limited if you have elected certain Contract Options impose restrictions on the investment alternatives which you may invest, such as the Income Protection Benefit Option, the TrueReturn Accumulation Benefit Option or a Withdrawal Benefit Option. See the sections of this prospectus discussing these Options for more information. Asset allocation is the process by which your Contract Value is invested in different asset classes in a way that matches your risk tolerance, time horizon, and investment goals. Theoretically, different asset classes tend to behave differently under various economic and market conditions. By spreading your Contract Value across a range of asset classes, you may, over time, be able to reduce the risk of investment volatility and potentially enhance returns. Asset allocation does not guarantee a profit or protect against loss in a declining market. Your sales representative will help you determine whether participating in an asset allocation program is appropriate for you. If you decide to participate in the TrueBalance program, your sales representative may ask you to complete an investment style questionnaire to help you and your sales representative identify your investment style. Once you and your sales representative have identified your investment style, you may select one of five currently available asset allocation model portfolios, each with different levels of risk. The model portfolios represent five different investment styles: conservative, moderately conservative, moderate, moderately aggressive and aggressive. Once you select a model portfolio, your Contract Value will be allocated among the Variable Sub-Accounts according to that model portfolio. If you wish to allocate any of your Contract Value to any Variable Sub-Accounts not included in that model portfolio, or if you do not wish to allocate any of your Contract Value to any Variable Sub-Accounts included in that model portfolio, you should not elect the TrueBalance program. We recommend that you consult with your sales representative before selecting a TrueBalance model portfolio. Allstate Life and the principal underwriter of the Contracts, Allstate Distributors, L.L.C. ("Allstate Distributors"), do not intend to provide any personalized investment advice in connection with the TrueBalance program and you should not rely on this program as providing individualized investment recommendations to you. Allstate Life retained an independent investment management firm ("investment management firm") to construct the TrueBalance model portfolios. The investment management firm does not provide advice to Allstate Life's Contract Owners. Neither Allstate Life nor the investment management firm is acting for any Contract Owner as a "fiduciary" or as an "investment manager," as such terms are defined under applicable laws and regulations relating to the Employee Retirement Income Security Act of 1974 (ERISA). 55 PROSPECTUS

The investment management firm does not take into account any information about any Contract Owner or any Contract Owner's assets when creating, providing or maintaining any TrueBalance model portfolio. Individual Contract Owners should ultimately rely on their own judgment and/or the judgment of a financial advisor in making their investment decisions. Neither Allstate Life nor the investment management firm is responsible for determining the suitability of the TrueBalance model portfolios for the Contract Owners' purposes. Each of the five model portfolios specifies an allocation among a mix of Variable Sub-Accounts that is designed to meet the investment goals of the applicable investment style. On the business day we approve your participation in the TrueBalance program, we will automatically reallocate any existing Contract Value in the Variable Sub-Accounts according to the model portfolio you selected. If any portion of your existing Contract Value is allocated to the Standard Fixed Account or MVA Fixed Account Options and you wish to allocate any portion of it to the model portfolio, you must transfer that portion to the Variable Sub-Accounts. In addition, as long as you participate in the TrueBalance program, you must allocate all of your purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) to the Fixed Account Options and/or the Variable Sub-Accounts currently offered in your model portfolio. Any purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) you allocate to the DCA Fixed Account Option will be automatically transferred, along with interest, in equal monthly installments to the Variable Sub-Accounts according to the model portfolio you selected. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. For TrueBalance model portfolios selected on or after May 1, 2005, at the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Account according to the percentage allocation for the model portfolio you selected. Allstate Life may offer new or revised TrueBalance model portfolios at any time, and may retain a different investment management firm to create any such new or revised TrueBalance model portfolios. Allstate Life will not automatically reallocate your Contract Value allocated to the Variable Sub-Accounts to match any new or revised model portfolios that are offered. If you are invested in the TrueBalance model portfolio, your Morgan Stanley Financial Advisor will notify you of any new or revised TrueBalance model portfolios that may be available. If you wish to invest in accordance with a new or revised TrueBalance model portfolio, you must submit a transfer request to transfer your Contract Value in your existing TrueBalance model portfolio in accordance with the new TrueBalance model portfolio. If you do not request a transfer to a new TrueBalance model portfolio, we will continue to rebalance your Contract Value in accordance with your existing TrueBalance model portfolio. At any given time, you may only elect a TrueBalance model portfolio that is available at the time of election. You may select only one model portfolio at a time. However, you may change your selection of model portfolio at any time, provided you select a currently available model portfolio. Each change you make in your model portfolio selection will count against the 12 transfers you can make each Contract Year without paying a transfer fee. You should consult with your sales representative before making a change to your model portfolio selection to determine whether the new model portfolio is appropriate for your needs. Since the performance of each Variable Sub-Account may cause a shift in the percentage allocated to each Variable Sub-Account, at least once every calendar quarter we will automatically rebalance all of your Contract Value in the Variable Sub-Accounts according to your currently selected model portfolio. Unless you notify us otherwise, any purchase payments you make after electing the TrueBalance program will be allocated to your model portfolio and/or to the Fixed Account Options according to your most recent instructions on file with us. Once you elect to participate in the TrueBalance program, you may allocate subsequent purchase payments to any of the Fixed Account Options available with your Contract and/or to any of the Variable Sub-Accounts included in your model portfolio, but only according to the allocation specifications of that model portfolio. You may not allocate subsequent purchase payments to a Variable Sub-Account that is not included in your model portfolio. Subsequent purchase payments allocated to the Variable Sub-Accounts will be automatically rebalanced at the end of the next calendar quarter according to the allocation percentages for your currently selected model portfolio. THE FOLLOWING APPLIES TO TRUEBALANCE MODEL PORTFOLIOS SELECTED PRIOR TO MAY 1, 2005. TRUEBALANCE MODEL PORTFOLIOS SELECTED PRIOR TO MAY 1, 2005, ARE NOT AVAILABLE WITH THE TRUERETURN OPTION OR A WITHDRAWAL BENEFIT OPTION: For TrueBalance model portfolios selected prior to May 1, 2005, you may make transfers to any of the available investment alternatives, except the DCA Fixed Account Option. However, all of your Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the end of the next calendar quarter according to the percentage allocations for your currently selected model portfolio. Transfers to investment alternatives that are not included in the model portfolio you selected may be inconsistent with the investment style you selected and with the purpose of the TrueBalance program. You should consult with your sales representative before making transfers outside the model portfolio allocations. 56 PROSPECTUS

THE FOLLOWING APPLIES TO TRUEBALANCE MODEL PORTFOLIOS SELECTED ON OR AFTER MAY 1, 2005, WITH THE TRUERETURN OPTION OR A WITHDRAWAL BENEFIT OPTION: For TrueBalance model portfolios selected on or after May 1, 2005, with the TrueReturn Option or SureIncome Option, you must allocate all of your Contract Value to a TrueBalance Model Portfolio Option, and you may not choose the Variable Sub-Accounts or make transfers among the Variable Sub-Accounts in the TrueBalance Model Portfolio Option. If you choose a TrueBalance Model Portfolio Option, we will invest and periodically reallocate your Contract Value according to the allocation percentages and requirements for the TrueBalance Model Portfolio Option you selected. You may, however, elect to reallocate your entire Contract Value from one Model Portfolio Option to another Model Portfolio Option available with your Option. If you own the TrueReturn Accumulation Benefit Option, on the Rider Maturity Date the Contract Value may be increased due to the Option. Any increase will be allocated to the Putnam VT Money Market. You may make transfers from this Variable Sub-Account to the Fixed Account Options (as allowed) or the Variable Sub-Accounts included in your model portfolio, but only according to the allocation specification of that model portfolio. All of your Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the next calendar quarter according to the allocation percentages for your currently selected model portfolio. THE FOLLOWING APPLIES TO TRUEBALANCE MODEL PORTFOLIOS SELECTED ON OR AFTER MAY 1, 2005, WITHOUT THE TRUERETURN OPTION OR A WITHDRAWAL BENEFIT OPTION: For TrueBalance model portfolios selected on or after May 1, 2005, without the TrueReturn or SureIncome Option, you may not make transfers from the Variable Sub-Accounts to any of the other Variable Sub-Accounts. You may make transfers, as allowed under the contract, from the Fixed Account Options to other Fixed Account Options or to the Variable Sub-Accounts included in your model portfolio, but only according to the allocation specifications of that model portfolio. You may make transfers from the Variable Sub-Accounts to any of the Fixed Account Options, except the DCA Fixed Account Option. Transfers to Fixed Account Options may be inconsistent with the investment style you selected and with the purpose of the TrueBalance program. However, all of your Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the next calendar quarter according to the percentage allocations for your currently selected model portfolio. You should consult with your sales representative before making transfers. If you make a partial withdrawal from any of the Variable Sub-Accounts, your remaining Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the end of the next calendar quarter according to the percentage allocations for your currently selected model portfolio allocations. If you are participating in the Systematic Withdrawal Program when you add the TrueBalance program or change your selection of model portfolios, you may need to update your withdrawal instructions. If you have any questions, please consult your sales representative. Your participation in the TrueBalance program is subject to the program's terms and conditions, and you may change model portfolios or terminate your participation in the TrueBalance program at any time by notifying us in a form satisfactory to us. We reserve the right to modify or terminate the TrueBalance program at any time. INVESTMENT ALTERNATIVES: THE FIXED ACCOUNT OPTIONS - -------------------------------------------------------------------------------- You may allocate all or a portion of your purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) to the Fixed Account Options. The Fixed Account Options we offer include the DOLLAR COST AVERAGING FIXED ACCOUNT OPTION, the STANDARD FIXED ACCOUNT OPTION, and the MARKET VALUE ADJUSTED FIXED ACCOUNT OPTION. We may offer additional Fixed Account Options in the future. Some Options are not available in all states. In addition, Allstate Life may limit the availability of some Fixed Account Options. Please consult with your representative for current information. The Fixed Account supports our insurance and annuity obligations. The Fixed Account consists of our general assets other than those in segregated asset accounts. We have sole discretion to invest the assets of the Fixed Account, subject to applicable law. Any money you allocate to the Fixed Account does not entitle you to share in the investment experience of the Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNT OPTION The Dollar Cost Averaging Fixed Account Option ("DCA Fixed Account Option") is one of the investment alternatives that you can use to establish a Dollar Cost Averaging Program, as described on page 63. This option allows you to allocate purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) to the Fixed Account that will then automatically be transferred, along with interest, in equal monthly installments to the investment alternatives that you have selected. In the future, we may offer other installment frequencies in our discretion. Each purchase payment allocated to the DCA Fixed Account Option must be at least $100. At the time you allocate a purchase payment to the DCA Fixed Account Option, you must specify the term length over which the transfers are to take place. We use the 57 PROSPECTUS

term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. You establish a new Transfer Period Account each time you allocate a purchase payment to the DCA Fixed Account Option. We currently offer term lengths from which you may select for your Transfer Period Account(s), ranging from 3 to 12 months. We may modify or eliminate the term lengths we offer in the future. Refer to Appendix A for more information. Your purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) will earn interest while in the DCA Fixed Account Option at the interest rate in effect at the time of the allocation, depending on the term length chosen for the Transfer Period Account and the type of Contract you have. The interest rates may also differ from those available for other Fixed Account Options. The minimum interest rate associated with the DCA Fixed Account Option is based upon state requirements and the date an application to purchase a Contract is signed. This minimum interest rate will not change after Contract issue. You must transfer all of your money, plus accumulated interest, out of a Transfer Period Account to other investment alternatives in equal monthly installments during the term of the Transfer Period Account. We reserve the right to restrict the investment alternatives available for transfers from any Transfer Period Account. You may not transfer money from the Transfer Period Accounts to any of the Fixed Account Options available under your Contract. The first transfer will occur on the next Valuation Date after you establish a Transfer Period Account. If we do not receive an allocation instruction from you when we receive the purchase payment, we will transfer each installment to the Putnam VT Money Market Variable Sub-Account until we receive a different allocation instruction. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Putnam VT Money Market Variable Sub-Account unless you request a different investment alternative. Transferring Contract Value to the Putnam VT Money Market Variable Sub-Account in this manner may not be consistent with the theory of dollar cost averaging described on page 63. If you discontinue the DCA Fixed Account Option before the expiration of a Transfer Period Account, we will transfer any remaining amount in the Transfer Period Account to the Putnam VT Money Market Variable Sub-Account unless you request a different investment alternative. If you have a TrueReturn Option or Withdrawal Benefit Option, at the expiration of a Transfer Period Account or if you discontinue the DCA Fixed Account Option any amounts remaining in the Transfer Period Account will be transferred according to the investment requirements applicable to the Option you selected. You may not transfer money into the DCA Fixed Account Option or add to an existing Transfer Period Account. You may not use the Automatic Additions Program to allocate purchase payments to the DCA Fixed Account Option. The DCA Fixed Account Option currently is not available if you have selected the ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION. The DCA Fixed Account Option may not be available in your state. Please check with your representative for availability. STANDARD FIXED ACCOUNT OPTION You may allocate purchase payments or transfer amounts into the Standard Fixed Account Option. Each such allocation establishes a "GUARANTEE PERIOD ACCOUNT" within the Standard Fixed Account Option ("Standard Fixed Guarantee Period Account"), which is defined by the date of the allocation and the length of the initial interest rate guarantee period ("STANDARD FIXED GUARANTEE PERIOD"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Standard Fixed Guarantee Period Account must be at least $100. At the time you allocate a purchase payment or transfer amount to the Standard Fixed Account Option, you must select the Guarantee Period for that allocation from among the available Standard Fixed Guarantee Periods. For ALLSTATE ADVISOR CONTRACTS, we currently offer Standard Fixed Guarantee Periods of 1, 3, 5 and 7 years in length. FOR ALLSTATE ADVISOR PLUS AND ALLSTATE ADVISOR PREFERRED CONTRACTS, WE CURRENTLY ARE NOT OFFERING THE STANDARD FIXED ACCOUNT OPTION. Refer to Appendix A for more information. We may offer other Guarantee Periods in the future. If you allocate a purchase payment to the Standard Fixed Account Option, but do not select a Standard Fixed Guarantee Period for the new Standard Fixed Guarantee Period Account, we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account with the same Standard Fixed Guarantee Period as the Standard Fixed Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that Standard Fixed Guarantee Period, then we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account with the next shortest term currently offered. If you have not made a prior allocation to a Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account of the shortest Standard Fixed Guarantee Period we are offering at that time. Some Standard Fixed Guarantee Periods are not available in all states. Please check with your representative for availability. 58 PROSPECTUS

The amount you allocate to a Standard Fixed Guarantee Period Account will earn interest at the interest rate in effect for that Standard Fixed Guarantee Period at the time of the allocation. Interest rates may differ depending on the type of Contract you have and may also differ from those available for other Fixed Account Options. The minimum interest rate associated with the Standard Fixed Account Option is based upon state requirements and the date an application to purchase a Contract is signed. This minimum interest rate will not change after Contract issue. In any Contract Year, the combined amount of withdrawals and transfers from a Standard Fixed Guarantee Period Account may not exceed 30% of the amount used to establish that Standard Fixed Guarantee Period Account. This limitation is waived if you withdraw your entire Contract Value. It is also waived for amounts in a Standard Fixed Guarantee Period Account during the 30 days following its renewal date ("30-DAY WINDOW"), described below, and for a single withdrawal made by your surviving spouse within one year of continuing the Contract after your death. Amounts under the 30% limit that are not withdrawn in a Contract Year do not carry over to subsequent Contract Years. At the end of a Standard Fixed Guarantee Period and each year thereafter, we will declare a renewal interest rate that will be guaranteed for 1 year. Subsequent renewal dates will be on the anniversaries of the first renewal date. Prior to a renewal date, we will send you a notice that will outline the options available to you. During the 30-Day Window following the expiration of a Standard Fixed Guarantee Period Account, the 30% limit for transfers and withdrawals from that Guarantee Period Account is waived and you may elect to: .. transfer all or part of the money from the Standard Fixed Guarantee Period Account to establish a new Guarantee Period Account within the Standard Fixed Account Option or the Market Value Adjusted Fixed Account Option, if available; or .. transfer all or part of the money from the Standard Fixed Guarantee Period Account to other investment alternatives available at the time; or .. withdraw all or part of the money from the Standard Fixed Guarantee Period Account. Withdrawal charges and taxes may apply. Withdrawals taken to satisfy IRS minimum distribution rules will count against the 30% limit. The 30% limit will be waived for a Contract Year to the extent that: .. you have already exceeded the 30% limit and you must still make a withdrawal during that Contract Year to satisfy IRS minimum distribution rules; or .. you have not yet exceeded the 30% limit but you must make a withdrawal during that Contract Year to satisfy IRS minimum distribution rules, and such withdrawal will put you over the 30% limit. The money in the Standard Fixed Guarantee Period Account will earn interest at the declared renewal rate from the renewal date until the date we receive notification of your election. If we receive notification of your election to make a transfer or withdrawal from a renewing Standard Fixed Guarantee Period Account on or before the renewal date, the transfer or withdrawal will be deemed to have occurred on the renewal date. If we receive notification of your election to make a transfer or withdrawal from the renewing Standard Fixed Guarantee Period Account after the renewal date, but before the expiration of the 30-Day Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred from the renewing Standard Fixed Guarantee Period Account will continue to earn interest until the next renewal date at the declared renewal rate. If we do not receive notification from you within the 30-Day Window, we will assume that you have elected to renew the Standard Fixed Guarantee Period Account and the amount in the renewing Standard Fixed Guarantee Period Account will continue to earn interest at the declared renewal rate until the next renewal date, and will be subject to all restrictions of the Standard Fixed Account Option. The Standard Fixed Account Option currently is not available with ALLSTATE ADVISOR PLUS and ALLSTATE ADVISOR PREFERRED CONTRACTS. MARKET VALUE ADJUSTED FIXED ACCOUNT OPTION You may allocate purchase payments or transfer amounts into the Market Value Adjusted Fixed Account Option. Each such allocation establishes a Guarantee Period Account within the Market Value Adjusted Fixed Account Option ("Market Value Adjusted Fixed Guarantee Period Account"), which is defined by the date of the allocation and the length of the initial interest rate guarantee period ("MARKET VALUE ADJUSTED FIXED GUARANTEE PERIOD"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Market Value Adjusted Fixed Guarantee Period Account must be at least $100. At the time you allocate a purchase payment or transfer amount to the Market Value Adjusted Fixed Account Option, you must select the Guarantee Period for that allocation from among the Guarantee Periods available for the Market Value Adjusted Fixed Account Option ("Market Value Adjusted Fixed Guarantee Periods"). We currently offer Market Value Adjusted Fixed Guarantee Periods of 3, 5, 7, and 10 years. Refer to Appendix A for more information. We may offer other Guarantee Periods in the future. If you allocate a purchase payment to the Market Value Adjusted Fixed Account Option, but do not select a Market Value Adjusted Fixed Guarantee Period for the new Market Value Adjusted Fixed 59 PROSPECTUS

Guarantee Period Account, we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period as the Market Value Adjusted Fixed Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that Market Value Adjusted Fixed Guarantee Period, then we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account with the next shortest term currently offered. If you have not made a prior allocation to a Market Value Adjusted Fixed Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account of the shortest Market Value Adjusted Fixed Guarantee Period we are offering at that time. The Market Value Adjusted Fixed Account Option is not available in all states. Please check with your sales representative for availability. The amount you allocate to a Market Value Adjusted Fixed Guarantee Period Account will earn interest at the interest rate in effect for that Market Value Adjusted Fixed Guarantee Period at the time of the allocation. Interest rates may differ depending on the type of Contract you have and may also differ from those available for other Fixed Account Options. Withdrawals and transfers from a Market Value Adjusted Fixed Guarantee Period Account may be subject to a Market Value Adjustment. A Market Value Adjustment may also apply to amounts in the Market Value Adjusted Fixed Account Option if we pay Death Proceeds or if the Payout Start Date begins on a day other than during the 30-day period after such Market Value Adjusted Fixed Guarantee Period Account expires ("30-Day MVA Window"). We will not make a Market Value Adjustment if you make a transfer or withdrawal during the 30-Day MVA Window. We apply a Market Value Adjustment to reflect changes in interest rates from the time you first allocate money to a Market Value Adjusted Fixed Guarantee Period Account to the time the money is taken out of that Market Value Adjusted Fixed Guarantee Period Account under the circumstances described above. We use the U.S. Treasury Note Constant Maturity Yield as reported in Federal Reserve Board Statistical Release H.15 ("TREASURY RATE") to calculate the Market Value Adjustment. We do so by comparing the Treasury Rate for a maturity equal to the Market Value Adjusted Fixed Guarantee Period at the time the Market Value Adjusted Fixed Guarantee Period Account is established with the Treasury Rate for the same maturity at the time the money is taken from the Market Value Adjusted Fixed Guarantee Period Account. The Market Value Adjustment may be positive or negative, depending on changes in interest rates. As such, you bear the investment risk associated with changes in interest rates. If interest rates have increased since the establishment of a Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment, together with any applicable withdrawal charges, premium taxes, and income tax withholdings could reduce the amount you receive upon full withdrawal from a Market Value Adjusted Fixed Guarantee Period Account to an amount less than the purchase payment used to establish that Market Value Adjusted Fixed Guarantee Period Account. Generally, if at the time you establish a Market Value Adjusted Fixed Guarantee Period Account, the Treasury Rate for a maturity equal to that Market Value Adjusted Fixed Guarantee Period is higher than the applicable Treasury Rate at the time money is to be taken from the Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment will be positive. Conversely, if at the time you establish a Market Value Adjusted Fixed Guarantee Period Account, the applicable Treasury Rate is lower than the applicable Treasury Rate at the time the money is to be taken from the Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment will be negative. For example, assume that you purchase a Contract and allocate part of the initial purchase payment (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) to the Market Value Adjusted Fixed Account Option to establish a 5-year Market Value Adjusted Fixed Guarantee Period Account. Assume that the 5-year Treasury Rate at that time is 4.50%. Next, assume that at the end of the 3rd year, you withdraw money from the Market Value Adjusted Fixed Guarantee Period Account. If, at that time, the 5-year Treasury Rate is 4.20%, then the Market Value Adjustment will be positive. Conversely, if the 5-year Treasury Rate at that time is 4.80%, then the Market Value Adjustment will be negative. The formula used to calculate the Market Value Adjustment and numerical examples illustrating its application are shown in Appendix B of this prospectus. At the end of a Market Value Adjusted Fixed Guarantee Period, the Market Value Adjusted Fixed Guarantee Period Account expires and we will automatically transfer the money from such Guarantee Period Account to establish a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period, unless you notify us otherwise. The new Market Value Adjusted Fixed Guarantee Period Account will be established as of the day immediately following the expiration date of the expiring Market Value Adjusted Guarantee Period Account ("New Account Start Date.") If the Market Value Adjusted Fixed Guarantee Period is no longer being offered, we will establish a new Market Value Adjusted Fixed Guarantee Period Account with the next shortest Market Value Adjusted Fixed Guarantee Period available. Prior to the expiration date, we will send you a notice, which will outline the options available to you. During the 30-Day 60 PROSPECTUS

MVA Window a Market Value Adjustment will not be applied to transfers and withdrawals from the expiring Market Value Adjusted Fixed Guarantee Period Account and you may elect to: .. transfer all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account to establish a new Guarantee Period Account within the Standard Fixed Account Option or the Market Value Adjusted Fixed Account Option, if available; or .. transfer all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account to other investment alternatives available at the time; or .. withdraw all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account. Withdrawal charges and taxes may apply. The money in the Market Value Adjusted Fixed Guarantee Period Account will earn interest at the interest rate declared for the new Market Value Adjusted Fixed Guarantee Period Account from the New Account Start Date until the date we receive notification of your election. If we receive notification of your election to make a transfer or withdrawal from an expiring Market Value Adjusted Fixed Guarantee Period Account on or before the New Account Start Date, the transfer or withdrawal will be deemed to have occurred on the New Account Start Date. If we receive notification of your election to make a transfer or withdrawal from the expiring Market Value Adjusted Fixed Guarantee Period Account after the New Account Start Date, but before the expiration of the 30-Day MVA Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred will earn interest for the term of the new Market Value Adjusted Fixed Guarantee Period Account, at the interest rate declared for such Account. If we do not receive notification from you within the 30-Day Window, we will assume that you have elected to transfer the amount in the expiring Market Value Adjusted Fixed Guarantee Period Account to establish a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period, and the amount in the new Market Value Adjusted Fixed Guarantee Period Account will continue to earn interest at the interest rate declared for the new Market Value Adjusted Fixed Guarantee Period Account, and will be subject to all restrictions of the Market Value Adjusted Fixed Account Option. If we no longer offer that Market Value Adjusted Fixed Guarantee Period, the Market Value Adjusted Fixed Guarantee Period for the new Market Value Adjusted Fixed Guarantee Period Account will be the next shortest term length we offer for the Market Value Adjusted Fixed Account Option at that time, and the interest rate will be the rate declared by us at that time for such term. INVESTMENT ALTERNATIVES: TRANSFERS - -------------------------------------------------------------------------------- TRANSFERS DURING THE ACCUMULATION PHASE During the Accumulation Phase, you may transfer Contract Value among the investment alternatives. You may not transfer Contract Value to the DCA Fixed Account Option or add to an existing Transfer Period Account. You may request transfers in writing on a form that we provided or by telephone according to the procedure described below. You may make up to 12 transfers per Contract Year without charge. A transfer fee equal to 1.00% of the amount transferred applies to each transfer after the 12th transfer in any Contract Year. This fee may be changed, but in no event will it exceed 2.00% of the amount transferred. Multiple transfers on a single Valuation Date are considered a single transfer for purposes of assessing the transfer fee. If you added the TrueReturn Option or a Withdrawal Benefit Option to your Contract, certain restrictions on transfers apply. See the "TrueReturn/SM/ Accumulation Benefit Option" and "Withdrawal Benefit Options" sections of this prospectus for more information. The minimum amount that you may transfer from the Standard Fixed Account Option, Market Value Adjusted Fixed Account Option or a Variable Sub-Account is $100 or the total remaining balance in the Standard Fixed Account Option, Market Value Adjusted Fixed Account Option or the Variable Sub-Account, if less. These limitations do not apply to the DCA Fixed Account Option. The total amount that you may transfer or withdraw from a Standard Fixed Guarantee Period Account in a Contract Year is 30% of the amount used to establish that Guarantee Period Account. See "Standard Fixed Account Option". The minimum amount that can be transferred to the Standard Fixed Account Option and the Market Value Adjusted Fixed Account Option is $100. We will process transfer requests that we receive before 3:00 p.m. Central Time on any Valuation Date using the Accumulation Unit Values for that Date. We will process requests completed after 3:00 p.m. on any Valuation Date using the Accumulation Unit Values for the next Valuation Date. The Contract permits us to defer transfers from the Fixed Account Options for up to 6 months from the date we receive your request. If we decide to postpone transfers from any Fixed Account Option for 30 days or more, we will pay interest as required by applicable law. Any interest would be payable from the date we receive the transfer request to the date we make the transfer. We reserve the right to waive any transfer restrictions. 61 PROSPECTUS

TRANSFERS DURING THE PAYOUT PHASE During the Payout Phase, you may make transfers among the Variable Sub-Accounts so as to change the relative weighting of the Variable Sub-Accounts on which your variable income payments will be based. You may make up to 12 transfers per Contract Year within each Income Plan. You may not convert any portion of your fixed income payments into variable income payments. You may not make transfers among Income Plans. You may make transfers from the variable income payments to the fixed income payments to increase the proportion of your income payments consisting of fixed income payments, unless you have selected the Income Protection Benefit Option. TELEPHONE OR ELECTRONIC TRANSFERS You may make transfers by telephone by calling 1-800-203-0068. The cut-off time for telephone transfer requests is 3:00 p.m. Central Time. In the event that the New York Stock Exchange closes early, i.e., before 3:00 p.m. Central Time, or in the event that the Exchange closes early for a period of time but then reopens for trading on the same day, we will process telephone transfer requests as of the close of the Exchange on that particular day. We will not accept telephone requests received from you at any telephone number other than the number that appears in this paragraph or received after the close of trading on the Exchange. If you own the Contract with a joint Contract Owner, unless we receive contrary instructions, we will accept instructions from either you or the other Contract Owner. We may suspend, modify or terminate the telephone transfer privilege, as well as any other electronic or automated means we previously approved, at any time without notice. We use procedures that we believe provide reasonable assurance that the telephone transfers are genuine. For example, we tape telephone conversations with persons purporting to authorize transfers and request identifying information. Accordingly, we disclaim any liability for losses resulting from allegedly unauthorized telephone transfers. However, if we do not take reasonable steps to help ensure that a telephone authorization is valid, we may be liable for such losses. MARKET TIMING & EXCESSIVE TRADING The Contracts are intended for long-term investment. Market timing and excessive trading can potentially dilute the value of Variable Sub-Accounts and can disrupt management of a Portfolio and raise its expenses, which can impair Portfolio performance and adversely affect your Contract Value. Our policy is not to accept knowingly any money intended for the purpose of market timing or excessive trading. Accordingly, you should not invest in the Contract if your purpose is to engage in market timing or excessive trading, and you should refrain from such practices if you currently own a Contract. We seek to detect market timing or excessive trading activity by reviewing trading activities. Portfolios also may report suspected market-timing or excessive trading activity to us. If, in our judgment, we determine that the transfers are part of a market timing strategy or are otherwise harmful to the underlying Portfolio, we will impose the trading limitations as described below under "Trading Limitations." Because there is no universally accepted definition of what constitutes market timing or excessive trading, we will use our reasonable judgment based on all of the circumstances. While we seek to deter market timing and excessive trading in Variable Sub-Accounts, because our procedures involve the exercise of reasonable judgment, we may not identify or prevent some market timing or excessive trading. Moreover, imposition of trading limitations is triggered by the detection of market timing or excessive trading activity, and the trading limitations are not applied prior to detection of such trading activity. Therefore, our policies and procedures do not prevent such trading activity before it is detected. As a result, some investors may be able to engage in market timing and excessive trading, while others are prohibited, and the Portfolio may experience the adverse effects of market timing and excessive trading described above. TRADING LIMITATIONS We reserve the right to limit transfers among the investment alternatives in any Contract year, require that all future transfer requests be submitted through U.S. Postal Service First Class Mail thereby refusing to accept transfer requests via telephone, facsimile, Internet, or overnight delivery, or to refuse any transfer request, if: .. we believe, in our sole discretion, that certain trading practices, such as excessive trading, by, or on behalf of, one or more Contract Owners, or a specific transfer request or group of transfer requests, may have a detrimental effect on the Accumulation Unit Values of any Variable Sub-Account or on the share prices of the corresponding Portfolio or otherwise would be to the disadvantage of other Contract Owners; or .. we are informed by one or more of the Portfolios that they intend to restrict the purchase, exchange, or redemption of Portfolio shares because of excessive trading or because they believe that a specific transfer or group of transfers would have a detrimental effect on the prices of Portfolio shares. In making the determination that trading activity constitutes market timing or excessive trading, we will consider, among other things: .. the total dollar amount being transferred, both in the aggregate and in the transfer request; .. the number of transfers you make over a period of time and/or the period of time between transfers (note: one set of transfers to and from a Variable Sub-- 62 PROSPECTUS

Account in a short period of time can constitute market timing); .. whether your transfers follow a pattern that appears designed to take advantage of short term market fluctuations, particularly within certain Variable Sub-Account underlying Portfolios that we have identified as being susceptible to market timing activities; .. whether the manager of the underlying Portfolio has indicated that the transfers interfere with Portfolio management or otherwise adversely impact the Portfolio; and .. the investment objectives and/or size of the Variable Sub-Account underlying Portfolio. We seek to apply these trading limitations uniformly. However, because these determinations involve the exercise of discretion, it is possible that we may not detect some market timing or excessive trading activity. As a result, it is possible that some investors may be able to engage in market timing or excessive trading activity, while others are prohibited, and the Portfolio may experience the adverse effects of market timing and excessive trading described above. If we determine that a Contract Owner has engaged in market timing or excessive trading activity, we will require that all future transfer requests be submitted through U.S. Postal Service First Class Mail thereby refusing to accept transfer requests via telephone, facsimile, Internet, or overnight delivery. If we determine that a Contract Owner continues to engage in a pattern of market timing or excessive trading activity we will restrict that Contract Owner from making future additions or transfers into the impacted Variable Sub-Account(s) or will restrict that Contract Owner from making future additions or transfers into the class of Variable Sub-Account(s) if the Variable Sub-Accounts(s) involved are vulnerable to arbitrage market timing trading activity (i.e. International, High Yield, and Small Cap Variable Sub-Accounts). In our sole discretion, we may revise our Trading Limitations at any time as necessary to better deter or minimize market timing and excessive trading or to comply with regulatory requirements. SHORT TERM TRADING FEES We reserve the right to assess short-term trading fees in connection with transfers from Variable Sub-Accounts that occur within a certain number of days following the date of allocation to the Variable Sub-Accounts. Such fees may vary by Variable Sub-Account, but will only apply to those Variable Sub-Accounts corresponding to underlying funds that assess such fees. DOLLAR COST AVERAGING PROGRAM Through our Dollar Cost Averaging Program, you may automatically transfer a fixed dollar amount on a regular basis from any Variable Sub-Account or any Fixed Account Option to any of the other Variable Sub-Accounts. You may not use the Dollar Cost Averaging Program to transfer amounts to the Fixed Account Options. This program is available only during the Accumulation Phase. We will not charge a transfer fee for transfers made under this Program, nor will such transfers count against the 12 transfers you can make each Contract Year without paying a transfer fee. The theory of dollar cost averaging is that if purchases of equal dollar amounts are made at fluctuating prices, the aggregate average cost per unit will be less than the average of the unit prices on the same purchase dates. However, participation in this Program does not assure you of a greater profit from your purchases under the Program nor will it prevent or necessarily reduce losses in a declining market. Call or write us for instructions on how to enroll. AUTOMATIC PORTFOLIO REBALANCING PROGRAM Once you have allocated your money among the Variable Sub-Accounts, the performance of each Sub-Account may cause a shift in the percentage you allocated to each Sub-Account. If you select our Automatic Portfolio Rebalancing Program, we will automatically rebalance the Contract Value in each Variable Sub-Account and return it to the desired percentage allocations. Money you allocate to the Fixed Account will not be included in the rebalancing. We will rebalance your account quarterly, semi-annually, or annually. We will measure these periods according to your instructions. We will transfer amounts among the Variable Sub-Accounts to achieve the percentage allocations you specify. You can change your allocations at any time by contacting us in writing or by telephone. The new allocation will be effective with the first rebalancing that occurs after we receive your written or telephone request. We are not responsible for rebalancing that occurs prior to receipt of proper notice of your request. Example: Assume that you want your initial purchase payment split among 2 Variable Sub-Accounts. You want 40% to be in the Putnam VT Income - Class IB Sub-Account and 60% to be in the Oppenheimer MidCap/VA - Service Shares Sub-Account. Over the next 2 months the bond market does very well while the stock market performs poorly. At the end of the first quarter, the Putnam VT Income - Class IB Sub-Account now represents 50% of your holdings because of its increase in value. If you choose to have your holdings in a Contract or Contracts rebalanced quarterly, on the first day of the next quarter we would sell some of your units in the Putnam VT Income - Class IB Sub-Account for the appropriate Contract(s) and use the money to buy more units in the Oppenheimer MidCap/VA - Service Shares Sub-- 63 PROSPECTUS

Account so that the percentage allocations would again be 40% and 60%, respectively. The transfers made under the program do not count towards the 12 transfers you can make without paying a transfer fee, and are not subject to a transfer fee. Portfolio rebalancing is consistent with maintaining your allocation of investments among market segments, although it is accomplished by reducing your Contract Value allocated to the Variable Sub-Accounts that performed better during the previous time period. 64 PROSPECTUS

EXPENSES - -------------------------------------------------------------------------------- As a Contract Owner, you will bear, directly or indirectly, the charges and expenses described below. CONTRACT MAINTENANCE CHARGE During the Accumulation Phase, on each Contract Anniversary, we will deduct a $30 contract maintenance charge from your assets invested in the Putnam VT Money Market Variable Sub-Account. If there are insufficient assets in that Variable Sub-Account, we will deduct the balance of the charge proportionally from the other Variable Sub-Accounts. We also will deduct this charge if you withdraw your entire Contract Value, unless your Contract qualifies for a waiver. During the Payout Phase, we will deduct the charge proportionately from each income payment. The charge is to compensate us for the cost of administering the Contracts and the Variable Account. Maintenance costs include expenses we incur in billing and collecting purchase payments; keeping records; processing death claims, cash withdrawals, and policy changes; proxy statements; calculating Accumulation Unit Values and income payments; and issuing reports to Contract Owners and regulatory agencies. We cannot increase the charge. We will waive this charge: .. for the remaining term of the Contract once your total purchase payments to the Contract equal $50,000 or more; or .. for a Contract Anniversary if, on that date, your entire Contract Value is allocated to the Fixed Account Options, or after the Payout Start Date, if all income payments are fixed income payments. We also reserve the right to waive this charge if you own more than one Contract and the Contracts meet certain minimum dollar amount requirements. In addition, we reserve the right to waive this charge for all Contracts. ADMINISTRATIVE EXPENSE CHARGE We deduct an administrative expense charge daily at an annual rate of 0.19% of the average daily net assets you have invested in the Variable Sub-Accounts. We intend this charge to cover actual administrative expenses that exceed the revenues from the contract maintenance charge. There is no necessary relationship between the amount of administrative charge imposed on a given Contract and the amount of expenses that may be attributed to that Contract. We assess this charge each day during the Accumulation Phase and the Payout Phase. We may increase this charge for Contracts issued in the future, but in no event will it exceed 0.35%. We guarantee that after your Contract is issued we will not increase this charge for your Contract. MORTALITY AND EXPENSE RISK CHARGE We deduct a mortality and expense risk charge daily from the net assets you have invested in the Variable Sub-Accounts. We assess mortality and expense risk charges during the Accumulation and Payout Phases of the Contract, except as noted below. The annual mortality and expense risk charge for the Contracts without any optional benefit are as follows: ALLSTATE ADVISOR 1.10% - --------------------------------------------------- ALLSTATE ADVISOR PLUS 1.40% - --------------------------------------------------- ALLSTATE ADVISOR PREFERRED (5-YEAR WITHDRAWAL CHARGE OPTION) 1.40% - --------------------------------------------------- ALLSTATE ADVISOR PREFERRED (3-YEAR WITHDRAWAL CHARGE OPTION) 1.50% - --------------------------------------------------- ALLSTATE ADVISOR PREFERRED 1.60% (NO WITHDRAWAL CHARGE OPTION) - --------------------------------------------------- The mortality and expense risk charge is for all the insurance benefits available with your Contract (including our guarantee of annuity rates and the death benefits), for certain expenses of the Contract, and for assuming the risk (expense risk) that the current charges will not be sufficient in the future to cover the cost of administering the Contract. The mortality and expense risk charge also helps pay for the cost of the Credit Enhancement under the ALLSTATE ADVISOR PLUS CONTRACT. If the charges under the Contract are not sufficient, then we will bear the loss. We charge an additional amount for the optional benefits to compensate us for the additional risk that we accept by providing these options. You will pay additional mortality and expense risk charges if you add any optional benefits to your Contract. The additional mortality and expense risk charge you pay will depend upon which of the options you select: .. MAV Death Benefit Option: The current mortality and expense risk charge for this option is 0.20%. For Contract Owners who added the MAV Death Benefit Option prior to May 1, 2003, the mortality and expense risk charge is 0.15%. This charge may be increased, but will never exceed 0.30%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. We deduct the charge for this option only during the Accumulation Phase. .. Enhanced Beneficiary Protection (Annual Increase) Option: The current mortality and expense risk charge for this option is 0.30%. For Contract Owners who added the Enhanced Beneficiary Protection (Annual Increase) Option prior to May 1, 2003, the mortality and expense risk charge is 0.15%. This charge will never exceed 0.30%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. We deduct the charge for this option only during the Accumulation Phase. 65 PROSPECTUS

.. Earnings Protection Death Benefit Option: The current mortality and expense risk charge for this option is: . 0.25% (maximum of 0.35%) if the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date; . 0.40% (maximum of 0.50%) if the oldest Contract Owner or oldest Annuitant is age 71 or older and both are age 79 or younger on the Rider Application Date. The charges may be increased but they will never exceed the maximum charges shown above. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. However, if your spouse elects to continue the Contract in the event of your death and if he or she elects to continue the Earnings Protection Death Benefit Option, the charge will be based on the ages of the oldest new Contract Owner and the oldest Annuitant at the time the Contract is continued. Refer to the Death Benefit Payments provision in this prospectus for more information. We deduct the charge for this option only during the Accumulation Phase. .. Income Protection Benefit Option: The current mortality and expense risk charge for this option is 0.50%. This charge may be increased, but will never exceed 0.75%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. The charge will be deducted only during the Payout Phase. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION FEE We charge a separate annual Rider Fee for the TrueReturn Option. The current annual Rider Fee is 0.50% of the Benefit Base. We deduct the Rider Fee on each Contract Anniversary during the Rider Period or until you terminate the Option, if earlier. We reserve the right to increase the Rider Fee to up to 1.25%. We currently charge the same Rider Fee regardless of the Rider Period and Guarantee Option you select; however, we reserve the right to charge different fees for different Rider Periods and Guarantee Options in the future. However, once we issue your Option, we cannot change the Rider Fee that applies to your Contract. If you elect to exercise the Rider Trade-In Option, the new Rider Fee will be based on the Rider Fee percentage applicable to a new TrueReturn Option at the time of trade-in. The Rider Fee is deducted only from the Variable Sub-Account(s) on a pro rata basis in the proportion that your value in each Variable Sub-Account bears to your total value in all Variable Sub-Accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-Account. If you terminate this Option prior to the Rider Maturity Date on a date other than a Contract Anniversary, we will deduct an entire Rider Fee from your Contract Value on the date the Option is terminated. However, if the Option is terminated due to death of the Contract Owner or Annuitant, we will not charge a Rider Fee unless the date we receive a Complete Request for Settlement of the Death Proceeds is also a Contract Anniversary. If the Option is terminated on the Payout Start Date, we will not charge a Rider Fee unless the Payout Start Date is also a Contract Anniversary. Additionally, if you elect to exercise the Rider Trade-In Option and cancel the Option on a date other than a Contract Anniversary, we will not deduct a Rider Fee on the date the Option is terminated. Refer to the "TrueReturn/SM/ Accumulation Benefit Option" section of this prospectus for more information. SPOUSAL PROTECTION BENEFIT(CO-ANNUITANT) OPTION FEE AND SPOUSAL PROTECTION BENEFIT(CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS FEE We charge a separate annual Rider Fee for both the Spousal Protection Benefit(Co-Annuitant) Option and Spousal Protection Benefit(Co-Annuitant) Option for Custodial Individual Retirement Accounts. The current annual Rider Fee is 0.10% of the Contract Value for either Option. This applies to all new Options added on or after January 1, 2005. For Options added prior to January 1, 2005, there is no charge associated with the Options. We deduct the Rider Fee on each Contract Anniversary up to and including the date you terminate the Option. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. We reserve the right to charge different Rider Fees for new Spousal Protection Benefit(Co-Annuitant) Options and/ or new Spousal Protection Benefit(Co-Annuitant) Options for Custodial Individual Retirement Accounts we offer in the future. Once we issue your Option, we cannot change the Rider Fee that applies to your Contract. The Rider Fee is deducted only from the Variable Sub-Account(s) on a pro-rata basis in the proportion that your value in each Variable Sub-Account bears to your total value in all Variable Sub-Accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-Account. If, at the time the Rider Fee is deducted, the Rider Fee exceeds the total value in all Variable Sub-Accounts, the excess of the Rider Fee over the total value in all Variable Sub-Accounts will be waived. The first Rider Fee will be deducted on the first Contract Anniversary following the Rider Date. A Rider Fee will be deducted on each subsequent Contract Anniversary up to and including the date the Option is terminated. We will not charge a Rider Fee on the date the Option is terminated, on a date other than the Contract Anniversary, if the Option is terminated on the Payout Start Date or due to death of the Contract Owner or Annuitant. 66 PROSPECTUS

For the first Contract Anniversary following the Rider Date, the Rider Fee is equal to the number of months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.10%, with the result multiplied by the Contract Value as of the first Contract Anniversary. For subsequent Contract Anniversaries, the Rider Fee is equal to 0.10% multiplied by the Contract Value as of that Contract Anniversary. If you terminate this Option on a date other than a Contract Anniversary, we will deduct a Rider Fee. The Rider Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination, or if you terminate this Option during the first Benefit Year, from the Rider Date to the date of termination. The pro-rated Rider Fee will be equal to the number of full months from the Contract Anniversary to the date of termination, or if you terminate this Option during the first Contract Year after adding the Option, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.10%, with the result multiplied by the Contract Value immediately prior to the termination. RETIREMENT INCOME GUARANTEE OPTION FEE We discontinued offering the Retirement Income Guarantee Options as of January 1, 2004 (up to May 1, 2004 in certain states). Fees described below apply to Contract Owners who selected an Option prior to January 1, 2004 (up to May 1, 2004 in certain states). We impose a separate annual Rider Fee for RIG 1 and RIG 2. The current annual Rider Fee for RIG 1 is 0.40% of the Income Base on each Contract Anniversary. For Contract Owners who added RIG 1 prior to May 1, 2003, the annual Rider Fee is 0.25%. The current annual Rider Fee for RIG 2 is 0.55% of the Income Base on each Contract Anniversary. For Contract Owners who added RIG 2 prior to May 1, 2003, the annual Rider Fee is 0.45%. See "Retirement Income Guarantee Options" for details. We deduct the Rider Fees only from the Variable Sub-Account(s) on a pro-rata basis. For the initial Contract Anniversary after the Rider Date, we will deduct a fee pro rated to cover the period from the Rider Date to the Contract Anniversary. In the case of a full withdrawal of the Contract Value on any date other than the Contract Anniversary, we will deduct from the amount paid upon withdrawal the Rider Fee multiplied by the appropriate Income Base immediately prior to the withdrawal pro rated to cover the period the Option was in effect during the current Contract Year. We will not deduct the Rider Fee during the Payout Phase. WITHDRAWAL BENEFIT OPTION FEE We charge separate annual Rider Fees for each of the SureIncome Option (the "SUREINCOME OPTION FEE"), the SureIncome Plus Option (the "SUREINCOME PLUS OPTION FEE"), and the SureIncome For Life Option (the "SUREINCOME FOR LIFE OPTION FEE"). Collectively, we refer to the SureIncome Option Fee, the SureIncome Plus Option Fee and the SureIncome For Life Option Fee as the "WITHDRAWAL BENEFIT OPTION FEES". "WITHDRAWAL BENEFIT OPTION FEE" is used to refer to any one of the Withdrawal Benefit Option Fees. The current annual SureIncome Option Fee is 0.50% of the Benefit Base. The current annual SureIncome Plus Option Fee and the current annual SureIncome For Life Option Fee are each 0.65% of the Benefit Base. We reserve the right to increase any Withdrawal Benefit Option Fee to up to 1.25% of the Benefit Base. We reserve the right to charge a different Withdrawal Benefit Option Fee for different Withdrawal Benefit Factors or Withdrawal Benefit Options we may offer in the future. Once we issue your Withdrawal Benefit Option, we cannot change the Withdrawal Benefit Option Fee that applies to your Contract. If applicable, if you elect to exercise the Rider Trade-In Option, the new Withdrawal Benefit Option Fee will be based on the Withdrawal Benefit Option Fee percentage applicable to a new Withdrawal Benefit Option available at the time of trade-in. We deduct the Withdrawal Benefit Option Fees on each Contract Anniversary up to and including the date you terminate the Option. The Withdrawal Benefit Option Fees are deducted only from the Variable Sub-Account(s) on a pro-rata basis in the proportion that your Contract Value in each Variable Sub-Account bears to your total Contract Value in all Variable Sub-Accounts. The Withdrawal Benefit Option Fee will decrease the number of Accumulation Units in each Variable Sub-Account. If, at the time the Withdrawal Benefit Option Fee is deducted, the Withdrawal Benefit Option Fee exceeds the total Contract Value in all Variable Sub-Accounts, the excess of the Withdrawal Benefit Option Fee over the total Contract Value in all Variable Sub-Accounts will be waived. The first Withdrawal Benefit Option Fee will be deducted on the first Contract Anniversary following the Rider Date. A Withdrawal Benefit Option Fee will be deducted on each subsequent Contract Anniversary up to and including the date the Withdrawal Benefit Option is terminated. For the first Contract Anniversary following the Rider Date, the SureIncome Option Fee is equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.50%, with the result multiplied by the Benefit Base on the first Contract Anniversary. For subsequent Contract Anniversaries, the SureIncome Option Fee is equal to 0.50% multiplied by the Benefit Base as of that Contract Anniversary. For the first Contract Anniversary following the Rider Date, the SureIncome Plus Option Fee and the SureIncome For Life Option Fee are each equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.65%, with the result multiplied by the Benefit Base on 67 PROSPECTUS

the first Contract Anniversary increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value. For subsequent Contract Anniversaries, the SureIncome Plus Option Fee and the SureIncome For Life Option Rider Fee are each equal to 0.65% multiplied by the Benefit Base on that Contract Anniversary increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value for any of the ten Contract Anniversaries after the Rider Date. As previously stated, we will deduct Withdrawal Benefit Option Fees on each Contract Anniversary up to and including the date you terminate the Option. If you terminate the SureIncome Option or the SureIncome Plus Option on a date other than a Contract Anniversary, we will deduct the Withdrawal Benefit Option Fee unless the termination is on the Payout Start Date or is due to the death of the Contract Owner or Annuitant. If you terminate the SureIncome For Life Option on a date other than a Contract Anniversary, we will deduct the SureIncome For Life Option Fee unless the termination is on the Payout Start Date or is due to the death of the Contract Owner, Annuitant, or the death of the SureIncome Covered Life. The Withdrawal Benefit Option Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination or, if you terminate the Withdrawal Benefit Option during the first Benefit Year, from the Rider Date to the date of termination. For the SureIncome Option, the pro-rated SureIncome Option Fee will be equal to the number of full months from the Contract Anniversary to the date of termination or, if you terminate the SureIncome Option during the first Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.50%, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination. For the SureIncome Plus Option and the SureIncome For Life Option, the pro-rated Withdrawal Benefit Option Fee will be equal to the number of full months from the Contract Anniversary to the date of termination or, if you terminate the Withdrawal Benefit Option during the first Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.65%, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination. The Withdrawal Benefit Option Fee will be waived during the Withdrawal Benefit Payout Phase. TRANSFER FEE We impose a fee upon transfers in excess of 12 during any Contract Year. The current fee is equal to 1.00% of the dollar amount transferred. This fee may be increased, but in no event will it exceed 2.00% of the dollar amount transferred. We will not charge a transfer fee on transfers that are part of a Dollar Cost Averaging Program or Automatic Portfolio Rebalancing Program. WITHDRAWAL CHARGE We may assess a withdrawal charge from the purchase payment(s) you withdraw. The amount of the charge will depend on the number of years that have elapsed since we received the purchase payment being withdrawn. A schedule showing the withdrawal charges applicable to each Contract appears on page 13. If you make a withdrawal before the Payout Start Date, we will apply the withdrawal charge percentage in effect on the date of the withdrawal, or the withdrawal charge percentage in effect on the following day, whichever is lower. Withdrawals also may be subject to tax penalties or income tax. You should consult with your tax counsel or other tax advisor regarding any withdrawals. Withdrawals from the Market Value Adjusted Fixed Account Option may be subject to a market value adjustment. Refer to page 60 for more information on market value adjustments. FREE WITHDRAWAL AMOUNT You can withdraw up to the Free Withdrawal Amount each Contract Year without paying the withdrawal charge. The Free Withdrawal Amount for a Contract Year is equal to 15% of all purchase payments (excluding Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) that are subject to a withdrawal charge as of the beginning of that Contract Year, plus 15% of the purchase payments added to the Contract during the Contract Year. The withdrawal charge applicable to Contracts owned by Charitable Remainder Trusts is described below. Purchase payments no longer subject to a withdrawal charge will not be used to determine the Free Withdrawal Amount for a Contract Year, nor will they be assessed a withdrawal charge, if withdrawn. The Free Withdrawal Amount is not available in the Payout Phase. You may withdraw up to the Free Withdrawal Amount in each Contract Year it is available without paying a withdrawal charge; however, the amount withdrawn may be subject to a Market Value Adjustment or applicable taxes. If you do not withdraw the entire Free Withdrawal Amount in a Contract Year, any remaining portion may not be carried forward to increase the Free Withdrawal Amount in a later Contract Year. For purposes of assessing the withdrawal charge, we will treat withdrawals as coming from the oldest purchase payments first as follows: 1) Purchase payments that no longer are subject to withdrawal charges; 2) Free Withdrawal Amount (if available); 3) Remaining purchase payments subject to withdrawal charges, beginning with the oldest purchase payment; 68 PROSPECTUS

4) Any earnings not previously withdrawn. However, for federal income tax purposes, earnings are considered to come out first, which means that you will pay taxes on the earnings portion of your withdrawal. If the Contract Owner is a Charitable Remainder Trust, the Free Withdrawal Amount in a Contract Year is equal to the greater of: .. The Free Withdrawal Amount described above; or .. Earnings as of the beginning of the Contract Year that have not been previously withdrawn. For purposes of assessing the withdrawal charge for a Charitable Remainder Trust-Owned Contract, we will treat withdrawals as coming from the earnings first and then the oldest purchase payments as follows: 1) Earnings not previously withdrawn; 2) Purchase payments that are no longer subject to withdrawal charges; 3) Free Withdrawal Amount in excess of earnings; 4) Purchase payments subject to withdrawal charges, beginning with the oldest purchase payment. If you have selected the ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION, there are no withdrawal charges applicable and, therefore, no Free Withdrawal Amount. Amounts withdrawn may be subject to a Market Value Adjustment or applicable taxes. ALL CONTRACTS We do not apply a withdrawal charge in the following situations: .. the death of the Contract Owner or Annuitant (unless the Settlement Value is used); .. withdrawals taken to satisfy IRS minimum distribution rules for the Contract; or .. withdrawals that qualify for one of the waivers described below. We use the amounts obtained from the withdrawal charge to pay sales commissions and other promotional or distribution expenses associated with marketing the Contracts, and to help defray the cost of the Credit Enhancement for the ALLSTATE ADVISOR PLUS CONTRACTS. To the extent that the withdrawal charge does not cover all sales commissions and other promotional or distribution expenses, or the cost of the Credit Enhancement, we may use any of our corporate assets, including potential profit which may arise from the mortality and expense risk charge or any other charges or fee described above, to make up any difference. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 591/2, may be subject to an additional 10% federal tax penalty. You should consult your own tax counsel or other tax advisers regarding any withdrawals. CONFINEMENT WAIVER. We will waive the withdrawal charge on any applicable withdrawal taken under your Contract if the following conditions are satisfied: 1. you or the Annuitant, if the Contract Owner is not a living person, are first confined to a long term care facility or a hospital for at least 90 consecutive days. You or the Annuitant must enter the long term care facility or hospital at least 30 days after the Issue Date, 2. we receive your request for withdrawal and Due Proof of confinement no later than 90 days following the end of your or the Annuitant's confinement at the long term care facility or hospital, and 3. a physician must have prescribed the confinement and the confinement must be medically necessary (as defined in the Contract). "DUE PROOF" includes, but is not limited to, a letter signed by a physician stating the dates the Owner or Annuitant was confined, the name and location of the Long Term Care Facility or Hospital, a statement that the confinement was medically necessary, and, if released, the date the Owner or Annuitant was released from the Long Term Care Facility or Hospital. TERMINAL ILLNESS WAIVER. We will waive the withdrawal charge on any applicable withdrawal under your Contract if: 1. you or the Annuitant, if the Contract Owner is not a living person, are diagnosed by a physician as having a terminal illness (as defined in the Contract) at least 30 days after the Issue Date, and 2. you provide Due Proof of diagnosis to us before or at the time you request the withdrawal. "DUE PROOF" includes, but is not limited to, a letter signed by a physician stating that the Owner or Annuitant has a Terminal Illness and the date the Terminal Illness was first diagnosed. UNEMPLOYMENT WAIVER. We will waive the withdrawal charge on one partial or a full withdrawal taken under your Contract, if you meet the following requirements: 1. you or the Annuitant, if the Contract Owner is not a living person, become unemployed at least one year after the Issue Date, 2. you or the Annuitant receive Unemployment Compensation for at least 30 consecutive days as a result of that unemployment, and 3. you or the Annuitant claim this benefit within 180 days of your or the Annuitant's initial receipt of Unemployment Compensation. Before we will waive any withdrawal charges, you must give us Due Proof prior to, or at the time of, the withdrawal request, that you or the Annuitant have been 69 PROSPECTUS

unemployed and have been granted Unemployment Compensation for at least 30 consecutive days. "UNEMPLOYMENT COMPENSATION" means unemployment compensation received from a unit of state or federal government in the U.S. "DUE PROOF" includes, but is not limited to, a legible photocopy of an unemployment compensation payment that meets the above described criteria with regard to dates and a signed letter from you stating that you or the Annuitant meet the above described criteria. You may exercise this benefit once over the term of the Contract. Amounts withdrawn may be subject to Market Value Adjustments. These waivers do not apply under the ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION. Please refer to your Contract for more detailed information about the terms and conditions of these waivers. The laws of your state may limit the availability of these waivers and may also change certain terms and/or benefits available under the waivers. You should consult your Contract for further details on these variations. Also, even if you do not pay a withdrawal charge because of these waivers, a Market Value Adjustment may apply and you still may be required to pay taxes or tax penalties on the amount withdrawn. You should consult your tax advisor to determine the effect of a withdrawal on your taxes. PREMIUM TAXES Some states and other governmental entities (e.g., municipalities) charge premium taxes or similar taxes. We are responsible for paying these taxes and will deduct them from your Contract Value. Some of these taxes are due when the Contract is issued, others are due when income payments begin or upon surrender. Our current practice is not to charge anyone for these taxes until income payments begin or when a total withdrawal occurs including payment upon death. We may some time in the future discontinue this practice and deduct premium taxes from the purchase payments. Premium taxes generally range from 0% to 4%, depending on the state. At the Payout Start Date, we deduct the charge for premium taxes from each investment alternative in the proportion that the Contract Value in the investment alternative bears to the total Contract Value. DEDUCTION FOR SEPARATE ACCOUNT INCOME TAXES We are not currently maintaining a provision for taxes. In the future, however, we may establish a provision for taxes if we determine, in our sole discretion, that we will incur a tax as a result of the operation of the Variable Account. We will deduct for any taxes we incur as a result of the operation of the Variable Account, whether or not we previously made a provision for taxes and whether or not it was sufficient. Our status under the Internal Revenue Code is briefly described in the "Taxes" section of this prospectus. OTHER EXPENSES Each Portfolio deducts management fees and other expenses from its assets. You indirectly bear the charges and expenses of the Portfolios whose shares are held by the Variable Sub-Accounts. These fees and expenses are described in the prospectuses for the Portfolios. For a summary of Portfolio annual expenses see page 16. Allstate Life or the principal underwriter of the Contracts, Allstate Distributors, may receive compensation from the investment advisers, administrators or distributors, or their affiliates, of the Portfolios in connection with the administrative, distribution (12b-1), or other services Allstate Distributors or we provide to the Portfolios. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- WITHDRAWALS You can withdraw some or all of your Contract Value at any time prior to the Payout Start Date. Withdrawals also are available under limited circumstances on or after the Payout Start Date. See "Income Plans" on page 71. The amount payable upon withdrawal is the Contract Value (or portion thereof) next computed after we receive the request for a withdrawal at our home office, adjusted by any applicable Market Value Adjustment, less any applicable withdrawal charges, income tax withholding, penalty tax, contract maintenance charge, Rider Fee, and any premium taxes. We will pay withdrawals from the Variable Account within 7 days of receipt of the request, subject to postponement in certain circumstances. You can withdraw money from the Variable Account or the Fixed Account Option(s) available under your Contract. To complete a partial withdrawal from the Variable Account, we will cancel Accumulation Units in an amount equal to the withdrawal and any applicable charges, fees and taxes. You must name the investment alternative from which you are taking the withdrawal. If none is named, then the withdrawal request is incomplete and cannot be honored. In general, you must withdraw at least $50 at a time. Withdrawals from the Standard Fixed Account Option may be subject to a restriction. See "Standard Fixed Account Options" on page 57. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally 70 PROSPECTUS

all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 591/2, may be subject to an additional 10% federal penalty tax. If any withdrawal reduces your Contract Value to less than $1,000, we will treat the request as a withdrawal of the entire Contract Value, unless a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" above for more information. If you request a total withdrawal, we may require that you return your Contract to us. Your Contract will terminate if you withdraw all of your Contract Value, subject to certain exceptions if a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" for more details. We will, however, ask you to confirm your withdrawal request before terminating your Contract. If we terminate your Contract, we will distribute to you its Contract Value, adjusted by any applicable Market Value Adjustment, less withdrawal and other charges and taxes. POSTPONEMENT OF PAYMENTS We may postpone the payment of any amounts due from the Variable Account under the Contract if: 1. The New York Stock Exchange is closed for other than usual weekends or holidays, or trading on the Exchange is otherwise restricted, 2. An emergency exists as defined by the SEC, or 3. The SEC permits delay for your protection. In addition, we may delay payments or transfers from the Fixed Account Option(s) available under your Contract for up to 6 months or shorter period if required by law. If we delay payment or transfer for 30 days or more, we will pay interest as required by law. SYSTEMATIC WITHDRAWAL PROGRAM You may choose to receive systematic withdrawal payments on a monthly, quarterly, semi-annual, or annual basis at any time prior to the Payout Start Date. Please consult your sales representative or call us at 1-800-203-0068 for more information. Any systematic withdrawal programs based upon IRS minimum distribution requirements may be modified to ensure guarantees under any Withdrawal Benefit Option currently attached to your Contract are not impacted by the withdrawals. Withdrawals made outside of any systematic withdrawal program based upon IRS minimum distribution requirements may impact the guarantees provided under any Withdrawal Benefit Option currently attached to your Contract. Depending on fluctuations in the value of the Variable Sub-Accounts and the value of the Fixed Account Options, systematic withdrawals may reduce or even exhaust the Contract Value. Income taxes may apply to systematic withdrawals. Please consult your tax advisor before taking any withdrawal. We will make systematic withdrawal payments to you or your designated payee. At our discretion, we may modify or suspend the Systematic Withdrawal Program and charge a processing fee for the service. If we modify or suspend the Systematic Withdrawal Program, existing systematic withdrawal payments will not be affected. MINIMUM CONTRACT VALUE If your request for a partial withdrawal would reduce your Contract Value to less than $1,000, we may treat it as a request to withdraw your entire Contract Value, unless a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" above for more information. Your Contract will terminate if you withdraw all of your Contract Value. We will, however, ask you to confirm your withdrawal request before terminating your Contract. If we terminate your Contract, we will distribute to you its Contract Value, adjusted by any applicable Market Value Adjustment, less withdrawal and other charges and applicable taxes. INCOME PAYMENTS - -------------------------------------------------------------------------------- PAYOUT START DATE The Payout Start Date is the day that we apply your Contract Value adjusted by any applicable Market Value Adjustment and less applicable taxes to an Income Plan. The first income payment must occur at least 30 days after the Issue Date. The Payout Start Date may be no later than: .. the Annuitant's 99th birthday, or .. the 10th Contract Anniversary, if later. You may change the Payout Start Date at any time by notifying us in writing of the change at least 30 days before the scheduled Payout Start Date. Absent a change, we will use the Payout Start Date stated in your Contract. INCOME PLANS An "Income Plan" is a series of payments made on a scheduled basis to you or to another person designated by you. You may select more than one Income Plan. If you choose more than one Income Plan, you must specify what proportions of your Contract Value, adjusted by any Market Value Adjustment and less any applicable taxes, should be allocated to each such Income Plan. For tax reporting purposes, your cost basis and any gain on the Contract will be allocated proportionally to each Income Plan you select based on the proportion of your Contract Value applied to each such Income Plan. We reserve the right to limit the number of Income Plans that you may select. If you choose to add the Income Protection Benefit Option, certain restrictions may apply as described under "Income Protection Benefit Option," 71 PROSPECTUS

below. If you do not select an Income Plan, we will make income payments in accordance with Income Plan 1 with a Guaranteed Payment Period of 10 years. If any Contract Owner dies during the Payout Phase, the new Contract Owner will be the surviving Contract Owner. If there is no surviving Contract Owner, the new Contract Owner will be the Beneficiary(ies) as described in the "Beneficiary" section of this prospectus. Any remaining income payments will be paid to the new Contract Owner as scheduled. Income payments to Beneficiaries may be subject to restrictions established by the Contract Owner. After the Payout Start Date, you may not make withdrawals (except as described below) or change your choice of Income Plan. Currently seven Income Plans are available. Depending on the Income Plan(s) you choose, you may receive: .. fixed income payments; .. variable income payments; or .. a combination of the two. A portion of each payment will be considered taxable and the remaining portion will be a non-taxable return of your investment in the Contract, which is also called the "basis." Once the basis in the Contract is depleted, all remaining payments will be fully taxable. If the Contract is tax-qualified, generally, all payments will be fully taxable. Taxable payments taken prior to age 591/2, may be subject to an additional 10% federal tax penalty. The seven Income Plans are: INCOME PLAN 1 - LIFE INCOME WITH GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for at least as long as the Annuitant lives. If the Annuitant dies in the Payout Phase, we will continue to pay income payments until the guaranteed number of payments has been paid. The number of months guaranteed ("Guaranteed Payment Period") may range from 0 to 360 months. If the Annuitant is age 90 or older as of the Payout Start Date, the Guaranteed Payment Period may range from 60 to 360 months. INCOME PLAN 2 - JOINT AND SURVIVOR LIFE INCOME WITH GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for at least as long as either the Annuitant or the joint Annuitant, named at the time the Income Plan was selected, lives. If both the Annuitant and joint Annuitant die in the Payout Phase, we will continue to pay the income payments until the guaranteed number of payments has been paid. The Guaranteed Payment Period may range from 0 to 360 months. If either the Annuitant or joint Annuitant is age 90 or older as of the Payout Start Date, the Guaranteed Payment Period may range from 60 to 360 months. You may elect a reduced survivor plan of 50%, 66% or 75% of the payment amount. If you do not elect a reduced survivor amount, the payments will remain at 100%. If you elect a reduced survivor payment plan, the amount of each income payment initially will be higher but a reduction will take place at the later of 1) the death of an Annuitant; or 2) at the end of the guaranteed payment period. INCOME PLAN 3 - GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for the period you have chosen. These payments do not depend on the Annuitant's life. The shortest number of months guaranteed is 60 (120 if the Payout Start Date occurs prior to the third Contract Anniversary). The longest number of months guaranteed is 360 or the number of months between the Payout Start Date and the date that the Annuitant reaches age 100, if greater. In no event may the number of months guaranteed exceed 600. We will deduct the mortality and expense risk charge from the assets of the Variable Sub-Account supporting this Income Plan even though we may not bear any mortality risk. You may make withdrawals, change the length of the guaranteed payment period, or change the frequency of income payments under Income Plan 3. See "Modifying Payments" and "Payout Withdrawals" below for more details. INCOME PLAN 4 - LIFE INCOME WITH CASH REFUND. Under this plan, we make periodic income payments until the death of the Annuitant. If the death of the Annuitant occurs before the total amount applied to an Income Plan is paid out, we will pay a lump sum payment of the remaining amount. Payments under this plan are available only as fixed income payments. INCOME PLAN 5 - JOINT LIFE INCOME WITH CASH REFUND. Under this plan, we make periodic income payments until the deaths of both the Annuitant and joint Annuitant. If the deaths of both the Annuitant and joint Annuitant occur before the total amount applied to an Income Plan is paid out, we will pay a lump sum payment of the remaining amount. Currently, a reduced survivor plan is not available. Payments under this plan are available only as fixed income payments. INCOME PLAN 6 - LIFE INCOME WITH INSTALLMENT REFUND. Under this plan, we make periodic income payments until the later of: (1) the death of the Annuitant; or (2) the total amount paid out under the annuity is equal to the total amount applied to the Income Plan. If the death of the Annuitant occurs before the total amount applied to an Income Plan is paid out, we will continue to make payments in the same manner until any remaining payments are paid out. Payments under this plan are available only as fixed income payments. INCOME PLAN 7 - JOINT LIFE INCOME WITH INSTALLMENT REFUND. Under this plan, we make periodic income payments until the later of: (1) the deaths of both the Annuitant and joint Annuitant; or (2) the total amount paid out under the annuity is equal to the total amount applied to the Income Plan. If the deaths of both the Annuitant and joint Annuitant occur before the total amount applied to an Income Plan is paid out, we will continue to make payments in the same manner until any remaining payments are paid out. Currently, a reduced 72 PROSPECTUS

survivor plan is not available. Payments under this plan are available only as fixed income payments. If you choose an Income Plan with payments that continue for the life of the Annuitant or joint Annuitant, we may require proof of age and sex of the Annuitant or joint Annuitant before starting income payments, and proof that the Annuitant or joint Annuitant is alive before we make each payment. Please note that under Income Plans 1 and 2, if you do not select a Guaranteed Payment Period, it is possible that the payee could receive only one income payment if the Annuitant and any joint Annuitant both die before the second income payment, or only two income payments if they die before the third income payment, and so on. The length of any Guaranteed Payment Period under your selected Income Plan generally will affect the dollar amounts of each income payment. As a general rule, longer Guarantee Payment Periods result in lower income payments, all other things being equal. For example, if you choose an Income Plan with payments that depend on the life of the Annuitant but with no guaranteed payments, the income payments generally will be greater than the income payments made under the same Income Plan with a specified Guaranteed Payment Period. MODIFYING PAYMENTS After the Payout Start Date, you may make the following changes under Income Plan 3: .. You may request to modify the length of the Guaranteed Payment Period. If you elect to change the length of the Guaranteed Payment Period, the new Guaranteed Payment Period must be within the original minimum and maximum period you would have been permitted to select on the Payout Start Date. However, the maximum payment period permitted will be shortened by the period elapsed since the original Guaranteed Payment Period began. If you change the length of your Guaranteed Payment Period, we will compute the present value of your remaining payments, using the same assumptions we would use if you were terminating the income payments, as described in Payout Withdrawal. We will then adjust the remaining payments to equal what that value would support based on those same assumptions and based on the revised Guaranteed Payment Period. .. You may request to change the frequency of your payments. We currently allow you to make the changes described above once each Contract Year; on that single occasion you may make either change alone, or both simultaneously. We reserve the right to change this practice at any time without prior notice. Changes to either the frequency of payments or length of the Guaranteed Payment Period will result in a change to the payment amount and may change the amount of each payment that is taxable to you. Modifying payments of this Contract may not be allowed under Qualified Plans. In order to satisfy required minimum distributions ("RMD") under current Treasury regulations, once income payments have begun over a Guaranteed Payment Period, the Guaranteed Payment Period may not be changed even if the new period is shorter than the maximum permitted. Please consult with a competent tax advisor prior to making a request to modify payments if your Contract is subject to RMD requirements. Any change to either the frequency of payments or length of a Guaranteed Payment Period will take effect on the next payment date after we accept the requested change. PAYOUT WITHDRAWAL You may terminate all or a portion of the income payments being made under Income Plan 3 at any time and withdraw their present value ("withdrawal value"), subject to a Payout Withdrawal Charge, by writing to us ("Payout Withdrawal"). For variable income payments, the withdrawal value is equal to the present value of the variable income payments being terminated, calculated using a discount rate equal to the assumed investment rate that was used in determining the initial variable payment. For fixed income payments, the withdrawal value is equal to the present value of the fixed income payments being terminated, calculated using a discount rate equal to the applicable current interest rate (this may be the initial interest rate in some states.) The applicable current interest rate is the rate we are using on the date we receive your Payout Withdrawal request to determine income payments for a new annuitization with a payment period equal to the remaining payment period of the income payments being terminated. A Payout Withdrawal must be at least $50. If any Payout Withdrawal reduces the value of the remaining income payments to an amount not sufficient to provide an initial payment of at least $20, we reserve the right to terminate the Contract and pay you the present value of the remaining income payments in a lump sum. If you withdraw the entire value of the remaining income payments, the Contract will terminate. You must specify the investment alternative(s) from which you wish to make a Payout Withdrawal. If you withdraw a portion of the value of your remaining income payments, the payment period will remain unchanged and your remaining payment amounts will be reduced proportionately. PAYOUT WITHDRAWAL CHARGE To determine the Payout Withdrawal Charge, we assume that purchase payments are withdrawn first, beginning with the oldest payment. When an amount equal to all purchase payments has been withdrawn, additional 73 PROSPECTUS

withdrawals will not be assessed a Payout Withdrawal Charge. Payout Withdrawals will be subject to a Payout Withdrawal Charge for each Contract as follows: Number of Complete Years Since We Received the Purchase Payment Being Withdrawn/Applicable Charge: Contract: 0 1 2 3 4 5 6 7 8+ - ----------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor 7% 7% 6% 5% 4% 3% 2% 0% 0% Allstate Advisor Plus 8.5% 8.5% 8.5% 7.5% 6.5% 5.5% 4% 2.5% 0% Allstate Advisor Preferred with: 5-Year Withdrawal Charge Option 7% 6% 5% 4% 3% 0% 3-Year Withdrawal Charge Option 7% 6% 5% 0% No Withdrawal Charge Option None ADDITIONAL INFORMATION. We may make other Income Plans available. You may obtain information about them by writing or calling us. On the Payout Start Date, you must specify the portion of the Contract Value to be applied to variable income payments and the portion to be applied to fixed income payments. For the portion of your Contract Value to be applied to variable income payments, you must also specify the Variable Sub-Accounts on which to base the variable income payments as well as the allocation among those Variable Sub-Accounts. If you do not choose how the Contract Value is to be applied, then the portion of the Contract Value in the Variable Account on the Payout Start Date will be applied to variable income payments, according to the Variable Sub-Account allocations as of the Payout Start Date, and the remainder of the Contract Value will be applied to fixed income payments. We will apply your Contract Value, adjusted by any applicable Market Value Adjustment, less applicable taxes, to your Income Plan(s) on the Payout Start Date. We can make income payments in monthly, quarterly, semi-annual or annual installments, as you select. If the Contract Value is less than $2,000 when it is applied to the Income Plan(s) you choose, or not enough to provide an initial payment of at least $20 when it is applied to the Income Plan(s) you choose, and state law permits, we may: .. terminate the Contract and pay you the Contract Value, adjusted by any applicable Market Value Adjustment and less any applicable taxes, in a lump sum instead of the periodic payments you have chosen, or .. reduce the frequency of your payments so that each payment will be at least $20. VARIABLE INCOME PAYMENTS The amount of your variable income payments depends upon the investment results of the Variable Sub-Accounts you select, the premium taxes you pay, the age and sex of the Annuitant, and the Income Plan you choose. We guarantee that the payments will not be affected by: (a) company mortality experience; or (b) the amount of our administration expenses. We cannot predict the total amount of your variable income payments, which may be more or less than your total purchase payments because (a) variable income payments vary with the investment results of the underlying Portfolios; and (b) under some of the Income Plans, we make income payments only so long as an Annuitant is alive or any applicable Guaranteed Payment Period has not yet expired. In calculating the amount of the periodic payments in the annuity tables in the Contracts, we used an assumed investment rate ("AIR", also known as benchmark rate) of 3%. Currently, you may choose either a 6%, 5%, or 3% AIR per year. If you select the Income Protection Benefit Option, however, the 3% AIR must apply. The 6% and 5% AIR may not be available in all states (check with your representative for availability). Currently, if you do not choose one, the 5% AIR will automatically apply (except in states in which the 5% AIR is not available; in those states, the 3% AIR will automatically apply). You may not change the AIR after you have selected an Income Plan. We reserve the right to offer other assumed investment rates. If the actual net investment return of the Variable Sub-Accounts you choose is less than the AIR, then the dollar amount of your variable income payments will decrease. The dollar amount of your variable income payments will increase, however, if the actual net investment return exceeds the AIR. The dollar amount of the variable income payments stays level if the net investment return equals the AIR. With a higher AIR, your initial income payment will be larger than with a lower AIR. While income payments continue to be made, however, this disparity will become smaller and, if the payments have continued long enough, each payment will be smaller than if you had initially chosen a lower AIR. Please refer to the Statement of Additional Information for more detailed information as to how we determine variable income payments. You may also elect a variable income payment stream consisting of level monthly, quarterly or semi-annual payments. If you elect to receive level monthly, quarterly or semi-annual payments, the payments must be recalculated annually. You may only elect to receive level 74 PROSPECTUS

payments at or before the Payout Start Date. If you have elected level payments for an Income Plan(s), you may not make any variable to fixed payment transfers within such Income Plan(s). We will determine the amount of each annual payment as described above, place this amount in our general account, and then distribute it in level monthly, quarterly or semi-annual payments. The sum of the level payments will exceed the annual calculated amount because of an interest rate factor we use, which may vary from year to year, but will not be less than 2% per year. We do not allow withdrawals of the annual amount unless you make a full or partial withdrawal request of the value of the remaining payments under Income Plan 3. Withdrawals will be assessed a Payout Withdrawal Charge, if applicable. If the Annuitant dies while you are receiving level payments, you will not be entitled to receive any remaining level payments for that year (unless the Annuitant dies before the end of the Guaranteed Payment Period). For example, if you have selected Income Plan 1 with no Guaranteed Payment Period and the Annuitant dies during the year, the Beneficiary will not be entitled to receive the remaining level payments for that year. INCOME PROTECTION BENEFIT OPTION We offer an Income Protection Benefit Option, which may be added to your Contract on the Payout Start Date for an additional mortality and expense risk charge if you have selected variable income payments subject to the following conditions: .. The Annuitant and joint Annuitant, if applicable, must be age 75 or younger on the Payout Start Date. .. You must choose Income Plan 1 or 2, and the Guaranteed Payment Period must be for at least 120 months, unless the Internal Revenue Service requires a different payment period. .. You may apply the Income Protection Benefit Option to more than one Income Plan. .. The AIR must be 3% for the Income Plan(s) to which you wish to apply this benefit. .. You may only add the Income Protection Benefit Option on the Payout Start Date and, once added, the option cannot be cancelled. .. You may not add the Income Protection Benefit Option without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the Income Protection Benefit Option. .. You may not convert variable income payments to fixed income payments. If you select the Income Protection Benefit Option, we guarantee that your variable income payments under each of the Income Plans to which the option is applied will never be less that 85% of the initial variable amount income value ("Income Protection Benefit"), as calculated on the Payout Start Date under such Income Plans, unless you have elected a reduced survivor payment plan under Income Plan 2. If you have elected a reduced survivor payment plan, we guarantee that your variable income payments to which the option is applied will never be less than 85% of the initial variable amount income value prior to the later of 1) the death of an Annuitant; or 2) the end of the guaranteed payment period. On or after the later of these events, we guarantee that your variable income payments will never be less than 85% of the initial variable amount income value multiplied by the percentage you elected for your reduced survivor plan. See Appendix C for numerical examples that illustrate how the Income Protection Benefit is calculated. If you add the Income Protection Benefit Option to your Contract, the mortality and expense risk charge during the Payout Phase will be increased. The charge for the Income Protection Benefit Option will apply only to the Income Plan(s) to which the Option has been applied. Currently, the charge for this option is 0.50% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. We may change the amount we charge, but it will not exceed 0.75% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. Once the option is issued, we will not increase what we charge you for the benefit. In order to ensure that we achieve adequate investment diversification ("INCOME PROTECTION DIVERSIFICATION REQUIREMENT"), we reserve the right, in our sole discretion, to impose limitations on the investment alternatives in which you may invest during the Payout Phase with respect to the assets supporting the variable income payments to which the Income Protection Benefit Option applies. These limitations may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts, exclusion of certain Variable Sub-Accounts, required minimum allocations to certain Variable Sub-Accounts, and/or the required use of Automatic Portfolio Rebalancing. To achieve our Income Protection Diversification Requirement, we have divided the Variable Sub-Accounts into three separate categories: "unrestricted," "restricted" and "excluded." Currently, we require that you allocate between 30% to 100% of the assets supporting your variable income payments to the unrestricted Variable Sub-Accounts in any manner you choose. You may allocate up to 70% of the assets supporting your variable income payments to the restricted Variable Sub-Accounts. You may not, however, allocate more than 20% of the assets supporting your variable income payments to any one of the restricted Variable Sub-Accounts. You may not allocate ANY PORTION of the assets supporting your variable income payments to the excluded Variable Sub-Accounts. 75 PROSPECTUS

In the following three tables, we list our current Income Protection Diversification Requirement: UNRESTRICTED VARIABLE SUB-ACCOUNTS. There is no limit to the amount of assets supporting your variable income payments that you may allocate to any one or more of the following Variable Sub-Accounts. Currently, we require that you allocate AT LEAST 30% of the assets supporting your variable income payments to this category. Fidelity VIP Freedom Income - Service Class 2 Sub-Account (4) FTVIP Franklin U.S. Government - Class 2 Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT Income - Class IB Sub-Account Putnam VT Money Market - Class IB Sub-Account Van Kampen LIT Money Market, Class II Sub-Account RESTRICTED VARIABLE SUB-ACCOUNTS. You may allocate up to 70% of the amount of assets supporting your variable income payments to the following Variable Sub-Accounts. Currently, you may not allocate more than 20% of the amount of assets supporting your variable income payments to any one of the restricted Variable Sub-Accounts. Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account(4) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account(4) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account(4) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account(4) Fidelity VIP Index 500 - Service Class 2 Sub-Account(4) Fidelity VIP Mid Cap - Service Class 2 Sub-Account(4) FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account(4) FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer Global Securities/VA - Service Shares Sub-Account Oppenheimer High Income/VA Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Research - Class IB Sub-Account(6) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Utilities Growth and Income - Class IB Sub-Account (6) Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account (5) Van Kampen UIF Equity Growth, Class II Sub-Account (Class I & II)(2)(5) 76 PROSPECTUS

Van Kampen UIF Global Franchise, Class II Sub-Account (5) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (Class I & II)(2)(5) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) EXCLUDED VARIABLE SUB-ACCOUNTS. Currently, none of the following Variable Sub-Accounts are available to support variable income payments. Fidelity VIP Growth Stock - Service Class 2 Sub-Account (4) FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (7) Putnam VT Health Sciences - Class IB Sub-Account (6) Putnam VT New Opportunities - Class IB Sub-Account (6) Putnam VT Vista - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (3) Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4)(5) Van Kampen UIF Small Company Growth, Class II Sub-Account (5) (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account, and the FTVIP Templeton Global Income Securities - Class 2 Sub-Account are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If you are currently enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to the Portfolios in accordance with that program.* (2)The Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004, may only invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. (3) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth Portfolio, Class II was closed to new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio, you may continue your investment.* (4) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. (5)Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6)Effective October 1, 2004, thePutnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account, and the Putnam VT Utilities Growth and Income - Class IB Sub-Account closed to new investments.* (7)Effective May 1, 2006, the Oppenheimer Aggressive Growth/VA - Service Shares changed its name to Oppenheimer MidCap/VA - Service Shares Sub-Account. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF YOU CHOOSE TO ADD THE INCOME PROTECTION BENEFIT OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THE INCOME PROTECTION BENEFIT OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. You must use quarterly Automatic Portfolio Rebalancing to meet our Income Protection Diversification Requirement. On the date of each rebalancing, we will reallocate the amount of the assets supporting your variable income payments according to the rebalancing percentages you have selected, subject to the then current restrictions and exclusions in effect. We expect that the restrictions and exclusions for each category will change from time to time. Any change in these restrictions and exclusions will become effective no later than the next regularly scheduled rebalancing of your Variable Sub-Account choices on or immediately after the date of change. The Income Protection Diversification Requirement is based on a model. We may use a model developed and maintained by us or we may elect to use a model developed or provided by an independent third party. We will notify you at least 30 days before we make any change to our Income Protection Diversification Requirement. We may determine which Variable Sub-Accounts are eligible for each category or we may elect to follow the recommendations of an independent third party. We may at any time make new determinations as to which Variable Sub-Accounts are unrestricted, restricted or excluded. We may do so for a variety of reasons including, but not limited to, a change in the investment objectives or policies of a Portfolio, or the failure, in our sole 77 PROSPECTUS

determination, of such Portfolio to invest in accordance with its stated investment objective or policies. Transfers made for purposes of meeting the Income Protection Diversification Requirement will not count towards the number of free transfers you may make each Contract Year. See "Investment Alternatives: Transfers," above, for additional information. FIXED INCOME PAYMENTS We guarantee income payment amounts derived from any Fixed Account Option for the duration of the Income Plan. The guaranteed income payment amounts will change if the frequency of payments or the length of the payment period changes. We calculate the fixed income payments by: .. adjusting the portion of the Contract Value in any Fixed Account Option on the Payout Start Date by any applicable Market Value Adjustment; .. deducting any applicable taxes; and .. applying the resulting amount to the greater of: (a) the appropriate income payment factor for the selected Income Plan from the Income Payment Table in your Contract; or (b) such other income payment factor as we are offering on the Payout Start Date. We may defer your request to make a withdrawal from fixed income payments for a period of up to 6 months or whatever shorter time state law may require. If we defer payments for 30 days or more, we will pay interest as required by law from the date we receive the withdrawal request to the date we make payment. RETIREMENT INCOME GUARANTEE OPTIONS Effective January 1, 2004, we ceased offering the Retirement Income Guarantee Options ("RIG 1" and "RIG 2"), except in a limited number of states. Effective May 1, 2004, the RIG 1 and RIG 2 Options are no longer available in any state. If you added a Retirement Income Guarantee Option to your Contract prior to January 1, 2004 (up to May 1, 2004 in certain states), your Option will continue to apply to your Contract. Also, effective January 1, 2004, we discontinued the Trade-In Program, except for Contract Owners who added RIG 1 or RIG 2 prior to May 1, 2003. For Contract Owners who added RIG 1 or RIG 2 on or after May 1, 2003, you may cancel your RIG 1 or RIG 2 Option during the 60-day period following your next 3rd Contract Anniversary after January 1, 2004. If you do not cancel the Option during this 60-day period, you will not be permitted to cancel it later. Please check with your sales representative for details. The following describes the Retirement Income Guarantee Options for Contract Owners who elected the Option prior to January 1, 2004 (up to May 1, 2004 in certain states). We refer to the issue date of the option as the "RIDER DATE." You may add only one Retirement Income Guarantee Option to your Contract. The oldest Contract Owner and oldest Annuitant must be age 75 or younger on the Rider Application Date. Once you add a rider to your Contract, it may not be cancelled except during the 60-day period following the next 3/RD/ Contract Anniversary after January 1, 2004, as described above. WE RESERVE THE RIGHT TO IMPOSE LIMITATIONS ON THE INVESTMENT ALTERNATIVES IN WHICH YOU MAY INVEST AS A CONDITION OF THESE OPTIONS. THESE RESTRICTIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, MAXIMUM INVESTMENT LIMITS ON CERTAIN INVESTMENT ALTERNATIVES, EXCLUSION OF CERTAIN INVESTMENT ALTERNATIVES, REQUIRED MINIMUM ALLOCATIONS TO CERTAIN VARIABLE SUB-ACCOUNTS AND/OR THE AUTOMATIC PORTFOLIO REBALANCING. CURRENTLY, NO SUCH RESTRICTIONS ARE BEING IMPOSED. For each option, an "INCOME BASE" is calculated, which is used only for the purpose of calculating the "GUARANTEED RETIREMENT INCOME BENEFIT" and the appropriate "RIDER FEE," all defined below. The Income Base does not provide a Contract Value or guarantee performance of any investment option. The Income Base for RIG 1 and RIG 2 are described in more detail below. You may apply the Income Base less applicable taxes to an Income Plan on the Payout Start Date and receive the Guaranteed Retirement Income Benefit if all of the following conditions are satisfied: .. The Payout Start Date must be on or after the 10/th/ Contract Anniversary of the Rider Date. .. The Payout Start Date must occur during the 30-day period following a Contract Anniversary. .. The oldest Annuitant must be age 99 or younger as of the Payout Start Date. .. You must select Fixed Amount Income Payments only. .. You must select Income Plan 1 or 2, with a Guaranteed Payment Period of at least: . 120 months, if the youngest Annuitant is age 80 or younger as of the Payout Start Date; or . 60 months, if the youngest Annuitant is older than age 80 as of the Payout Start Date. The "GUARANTEED RETIREMENT INCOME BENEFIT" is determined by applying the Income Base, less any applicable taxes, to the appropriate monthly income payment factor shown in the Income Payment Tables in your Contract for the selected Income Plan. If a different payment frequency (quarterly, semi-annual, or annual) or different Income Plan is selected, an income payment factor for the selected payment frequency and Income Plan is determined on the same mortality and interest rate basis as the Income Payment Tables shown in your Contract. On the Payout Start Date, the income payments for the selected Income Plan will be the greater of: .. The Guaranteed Retirement Income Benefit; or 78 PROSPECTUS

.. For fixed income payments, the Contract Value, adjusted by any applicable Market Value Adjustment, less any applicable taxes is applied to the greater of: the appropriate income payment factor for the selected Income Plan from the income payment tables in your Contract, or an income payment factor for the selected Income Plan that we are offering on the Payout Start Date. We assess an annual Rider Fee if you selected one of the Retirement Income Guarantee Options. The Rider Fee is deducted on each Contract Anniversary on a pro rata basis from each of the Variable Sub-Accounts in which your Contract Value is invested on that date. The Rider Fee will decrease the number of Accumulation Units in each Variable Sub-Account. The Rider Fee is deducted only during the Accumulation Phase of the Contract. For the first Contract Anniversary following the Rider Date, the Rider Fee will be prorated to cover the period between the Rider Date and the first Contract Anniversary after the Rider Date. In the case of a full withdrawal of the Contract Value, the Rider Fee is prorated to cover the period between the Contract Anniversary immediately prior to the withdrawal and the date of the withdrawal. The current Rider Fee for RIG 1 is 0.40% of the Income Base on each Contract Anniversary (0.25% for Contract Owners who added RIG 1 prior to May 1, 2003). The current Rider Fee for the RIG 2 is 0.55% of the Income Base on each Contract Anniversary (0.45% for Contract Owners who added RIG 2 prior to May 1, 2003). These options will terminate and the corresponding Rider Fee will cease on the earliest of the following to occur: .. The date the Contract is terminated; .. If the Contract is not continued in the Accumulation Phase under either the Death of Owner or Death of Annuitant provisions of the Contract. The option will terminate on the date we determine the Death Proceeds; .. The Payout Start Date; or .. For Contract Owners who added a RIG 1 or RIG 2 Option on or after May 1, 2003, if you elect to cancel your RIG 1 or RIG 2 Option during the 60-day period following the next 3/RD /Contract Anniversary after January 1, 2004 (since we discontinued offering the Trade-In Program as of that date). Otherwise, the options may not be terminated or cancelled. CALCULATION OF INCOME BASE. On the Rider Date, the "RIG 1 INCOME BASE" is equal to the Contract Value. The RIG 1 Income Base, plus purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made after the Rider Date and less RIG 1 withdrawal adjustments for withdrawals made after the Rider Date, will accumulate interest on a daily basis at a rate equivalent to 5% per year (3% in certain states), subject to the "CAP" defined below. This accumulation will continue until the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first. After the 5% interest accumulation ends (3% in certain states), the RIG 1 Income Base will continue to be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and reduced by RIG 1 withdrawal adjustments for withdrawals until the option terminates. The "RIG 1 WITHDRAWAL ADJUSTMENT" is defined below. The RIG 1 Income Base will not exceed a CAP equal to: .. 200% of the Contract Value as of the Rider Date; plus .. 200% of purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made after the Rider Date, but excluding any purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made in the 12-month period immediately prior to the Payout Start Date; minus .. RIG 1 Withdrawal Adjustments for any withdrawals made after the Rider Date. RIG 1 WITHDRAWAL ADJUSTMENT. Prior to the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever is earlier, the withdrawal adjustment is as follows: .. In each Contract Year, for the portion of withdrawals that do not cumulatively exceed 5% (3% in certain states) of the RIG 1 Income Base as of the beginning of the Contract Year (or as of the Rider Date for the first Contract Year in which RIG 1 is added), the withdrawal adjustment is equal to the amount withdrawn (or portion thereof) multiplied by a discount factor. The discount factor is calculated using a 5% annual interest rate (3% in certain states) and the portion of the Contract Year between the withdrawal date and the end of the Contract Year. This withdrawal adjustment has the effect of reducing the RIG 1 Income Base at the end of the Contract Year by the actual amount of the withdrawal. In other words, for purposes of calculating the RIG 1 Income Base, the withdrawal is treated as if it occurred at the end of the Contract Year. .. In each Contract Year, for the portion of withdrawals that cumulatively exceed 5% (3% in certain states) of the RIG 1 Income Base as of the beginning of the Contract Year (or as of the Rider Date for the first Contract Year in which RIG 1 is added), the withdrawal adjustment is equal to the withdrawal amount (or portion thereof), divided by the Contract Value immediately prior to the withdrawal and reduced for the portion of withdrawals that do not cumulatively exceed 5% (3% in certain states), and the result multiplied by the most recently calculated RIG 1 Income Base, reduced for the portion of 79 PROSPECTUS

withdrawals that do not cummulatively exceed 5% (3% in certain states). On or after the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or the Annuitant, all withdrawal adjustments are equal to the withdrawal amount, divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated RIG 1 Income Base. See Appendix D for numerical examples that illustrate how the RIG 1 Withdrawal Adjustment is applied. The "RIG 2 INCOME BASE" is defined as the greater of "INCOME BASE A" or "INCOME BASE B." "INCOME BASE A" and its corresponding Withdrawal Adjustment are calculated in the same manner as the RIG 1 Income Base and RIG 1 Withdrawal Adjustment. On the Rider Date, "INCOME BASE B" is equal to the Contract Value. After the Rider Date and prior to the Payout Start Date, Income Base B is recalculated each time a purchase payment or withdrawal is made as well as on each Contract Anniversary as follows: .. Each time a purchase payment is made, Income Base B is increased by the amount of the purchase payment (and Credit Enhancement for ALLSTATE ADVISOR PLUS CONTRACTS). .. Each time a withdrawal is made, Income Base B is reduced by a proportional withdrawal adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated Income Base B. .. On each Contract Anniversary until the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first, Income Base B is equal to the greater of the Contract Value on that date or the most recently calculated Income Base B. If no purchase payments or withdrawals are made after the Rider Date, Income Base B will be equal to the greatest of the Contract Value on the Rider Date and the Contract Values on each subsequent Contract Anniversary until the earlier of the Payout Start Date or the Contract Anniversary following the 85/th/ birthday of the oldest Contact Owner or oldest Annuitant, whichever occurs first. CERTAIN EMPLOYEE BENEFIT PLANS The Contracts offered by this prospectus contain income payment tables that provide for different payments to men and women of the same age, except in states that require unisex tables. We reserve the right to use income payment tables that do not distinguish on the basis of sex to the extent permitted by applicable law. In certain employment-related situations, employers are required by law to use the same income payment tables for men and women. Accordingly, if the Contract is used in connection with an employment-related retirement or benefit plan and we do not offer unisex annuity tables in your state, you should consult with legal counsel as to whether the Contract is appropriate. DEATH BENEFITS - -------------------------------------------------------------------------------- DEATH PROCEEDS Under certain conditions, described below, we will pay Death Proceeds for this Contract on the death of the Contract Owner, Annuitant, or Co-Annuitant if the death occurs prior to the Payout Start Date. If the Owner or Annuitant dies after the Payout Start Date, we will pay remaining income payments as described in the "Payout Phase" section of your Contract. See "Income Payments" for more information. We will determine the value of the Death Proceeds as of the end of the Valuation Date during which we receive the first Complete Request for Settlement (the next Valuation Date, if we receive the request after 3:00 p.m. Central Time). In order to be considered a "COMPLETE REQUEST FOR SETTLEMENT," a claim for distribution of the Death Proceeds must include "DUE PROOF OF DEATH" in any of the following forms of documentation: .. A certified copy of the death certificate; .. A certified copy of a decree of a court of competent jurisdiction as to the finding of death; or .. Any other proof acceptable to us. "DEATH PROCEEDS" are determined based on when we receive a Complete Request for Settlement: .. If we receive a Complete Request for Settlement within 180 days of the death of the Contract Owner, Annuitant, or Co-Annuitant, as applicable, the Death Proceeds is equal to the "DEATH BENEFIT." .. If we receive a Complete Request for Settlement more than 180 days after the death of the Contract Owner, Annuitant, or Co-Annuitant, as applicable, the Death Proceeds are equal to the greater of the Contract Value or Settlement Value. We reserve the right to waive or extend, in a nondiscriminatory manner, the 180-day period in which the Death Proceeds will equal the Death Benefit. Where there are multiple Beneficiaries, we will only value the Death Proceeds at the time the first Beneficiary submits the necessary documentation in good order. Any Death Proceeds amounts attributable to any Beneficiary which remain in the Variable Sub-Accounts are subject to investment risk. 80 PROSPECTUS

DEATH BENEFIT OPTIONS In addition to the ROP Death Benefit included in your Contract, we offer the following death benefit options which may be added to your Contract: .. MAV Death Benefit Option .. Enhanced Beneficiary Protection (Annual Increase) Option .. Earnings Protection Death Benefit Option The SureIncome Plus Option and SureIncome For Life Option also include a death benefit option, the SureIncome Return of Premium Death Benefit ("SureIncome ROP Death Benefit.") The amount of the Death Benefit depends on which death benefit option(s) you select. Not all death benefit options are available in all states. You may select any combination of death benefit options on the Issue Date of your Contract or at a later date, subject to state availability and issue age restrictions. You may not add any of the death benefit option(s) to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add an option(s). The "DEATH BENEFIT" is equal to the Earnings Protection Death Benefit (if selected) plus the greatest of: .. The Contract Value; .. The Settlement Value; .. The ROP Death Benefit; .. The MAV Death Benefit Option (if selected); .. The Enhanced Beneficiary Protection (Annual Increase) Option (if selected); or .. The SureIncome ROP Death Benefit.* The "Settlement Value" is the amount that would be paid in the event of a full withdrawal of the Contract Value. * The SureIncome ROP Death Benefit under the SureIncome For Life Option is only included in the calculation of the Death Benefit upon the death of the SureIncome Covered Life. If a Contract Owner, Annuitant or Co-Annuitant who is not the SureIncome Covered Life dies, the SureIncome ROP Death Benefit is not applicable. The "ROP DEATH BENEFIT" is equal to the sum of all purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS), reduced by a proportional withdrawal adjustment for each withdrawal. The withdrawal adjustment is equal to the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result is multiplied by: The sum of all purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made prior to the withdrawal, less any prior withdrawal adjustments. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT OPTION. The "MAV DEATH BENEFIT OPTION" is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to 0.20% (0.15% for Contract Owners who added this option prior to May 1, 2003). We may change what we charge for this death benefit option, but it will never exceed 0.30%. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. On the date we issue the rider for this benefit ("Rider Date"), the MAV DEATH BENEFIT is equal to the Contract Value. After the Rider Date and prior to the date we determine the Death Proceeds (see "Death Proceeds" on page 80, the MAV Death Benefit is recalculated each time a purchase payment or withdrawal is made as well as on each Contract Anniversary as follows: .. Each time a purchase payment is made, the MAV Death Benefit is increased by the amount of the purchase payment (and Credit Enhancement for ALLSTATE ADVISOR PLUS CONTRACTS). .. Each time a withdrawal is made, the MAV Death Benefit is reduced by a proportional withdrawal adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated MAV Death Benefit. .. On each Contract Anniversary until the first Contract Anniversary following the 80/TH/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first, the MAV Death Benefit is recalculated as the greater of the Contract Value on that date or the most recently calculated MAV Death Benefit. If no purchase payments or withdrawals are made after the Rider Date, the MAV Death Benefit will be equal to the greatest of the Contract Value on the Rider Date and the Contract Values on each subsequent Contract Anniversary after the Rider Date, but before the date we determine the Death Proceeds. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 84, and if the oldest New Contract Owner and the oldest Annuitant are age 80 or younger on the date we determine the Death Proceeds, then the MAV Death Benefit Option will continue. The MAV Death Benefit will continue to be recalculated for purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS), withdrawals, and on each Contract Anniversary after the date we determine the Death Proceeds until the earlier of: .. The first Contract Anniversary following the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier. (After the 80/th/ birthday of either the oldest New Contract 81 PROSPECTUS

Owner or the oldest Annuitant, whichever is earlier, the MAV Death Benefit will be recalculated only for purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and withdrawals); or .. The date we next determine the Death Proceeds. ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION. The Enhanced Beneficiary Protection (Annual Increase) Option is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to 0.30% (0.15% for Contract Owners who added this option prior to May 1, 2003). We may change what we charge for this death benefit option, but it will never exceed 0.30%. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. On the date we issue the rider for this benefit ("Rider Date"), the Enhanced Beneficiary Protection (Annual Increase) Benefit is equal to the Contract Value. The Enhanced Beneficiary Protection (Annual Increase) Benefit, plus purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made after the Rider Date and less withdrawal adjustments for withdrawals made after the Rider Date, will accumulate interest on a daily basis at a rate equivalent to 5% per year (3% in certain states), subject to the "CAP" defined below. This accumulation will continue until the earlier of: (a) the first Contract Anniversary following the 80/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first; or (b) the date we determine the Death Proceeds. After the 5% interest accumulation ends (3% in certain states), the Enhanced Beneficiary Protection (Annual Increase) Benefit will continue to be increased by purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) and reduced by withdrawal adjustments for withdrawals until the death benefit option terminates. The withdrawal adjustment is a proportional adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the amount of the Enhanced Beneficiary Protection (Annual Increase) Benefit immediately prior to the withdrawal. The Enhanced Beneficiary Protection (Annual Increase) Benefit CAP is equal to: .. 200% of the Contract Value as of the Rider Date; plus .. 200% of purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made after the Rider Date, but excluding any purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made in the 12-month period immediately prior to the death of the Contract Owner or the Annuitant; minus .. Withdrawal adjustments for any withdrawals made after the Rider Date. Refer to Appendix E for withdrawal adjustment examples. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 84, and if the oldest New Contract Owner and the oldest Annuitant are age 80 or younger on the date we determine the Death Proceeds, then the Enhanced Beneficiary Protection (Annual Increase) Option will continue. The amount of the Enhanced Beneficiary Protection (Annual Increase) Benefit as of the date we determine the Death Proceeds, plus subsequent purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS), less withdrawal adjustments for any subsequent withdrawals, will accumulate daily at a rate equivalent to 5% per year (3% in certain states) from the date we determine the Death Proceeds, until the earlier of: .. The first Contract Anniversary following the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier. (After the 80/th/ birthday of either the oldest New Owner or the oldest Annuitant, whichever is earlier, the Enhanced Beneficiary Protection (Annual Increase) Benefit will be recalculated only for purchase payments and withdrawals (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS); or .. The date we next determine the Death Proceeds. EARNINGS PROTECTION DEATH BENEFIT OPTION. The "EARNINGS PROTECTION DEATH BENEFIT OPTION" is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to: .. 0.25%, if the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date; and .. 0.40%, if the oldest Contract Owner or oldest Annuitant is over age 70 and all are age 79 or younger on the Rider Application Date. We may change what we charge for this death benefit option, but it will never exceed 0.35% for issue ages 0-70 and 0.50% for issue ages 71-79. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. However, if your spouse elects to continue the Contract in the event of your death and if he or she elects to continue the Earnings Protection Death Benefit Option, the mortality and expense risk charge for the death benefit option will be based on the ages of the oldest new Contract Owner and the oldest Annuitant at the time the Contract is continued. If the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date, the 82 PROSPECTUS

EARNINGS PROTECTION DEATH BENEFIT is equal to the lesser of: .. 100% of "IN-FORCE PREMIUM" (excluding purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made after the date we issue the rider for this benefit ("Rider Date") and during the twelve-month period immediately prior to the death of the Contract Owner or Annuitant); or .. 40% of "IN-FORCE EARNINGS" calculated as of the date we determine the Death Proceeds. If the oldest Contract Owner or oldest Annuitant is over age 70 and all are age 79 or younger on the Rider Application Date, the EARNINGS PROTECTION DEATH BENEFIT is equal to the lesser of: .. 50% of "IN-FORCE PREMIUM" (excluding purchase payments (and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS) made after the Rider Date and during the twelve-month period immediately prior to the death of the Contract Owner or Annuitant); or .. 25% of "IN-FORCE EARNINGS" calculated as of the date we determine the Death Proceeds. IN-FORCE EARNINGS are equal to the current Contract Value less In-Force Premium. If this quantity is negative, then In-Force Earnings are equal to zero. IN-FORCE PREMIUM is equal to the Contract Value on the Rider Date, plus the sum of all purchase payments made after the Rider Date, less the sum of all "EXCESS-OF-EARNINGS WITHDRAWALS" made after the Rider Date. An EXCESS-OF-EARNINGS WITHDRAWAL is equal to the excess, if any, of the amount of the withdrawal over the amount of the In-Force Earnings immediately prior to the withdrawal. Refer to Appendix F for numerical examples that illustrate how the Earnings Protection Death Benefit Option is calculated. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 84 below, and if the oldest new Owner and the oldest Annuitant are younger than age 80 on the date we determine the Death Proceeds, then this death benefit option will continue unless the New Contract Owner elects to terminate the death benefit option. If the death benefit option is continued, the following will apply as of the date we determine the Death Proceeds upon continuation: .. The Rider Date will be changed to the date we determine the Death Proceeds; .. The In-Force Premium is equal to the Contract Value as of the new Rider Date plus all purchase payments made after the Rider Date, less the sum of all the Excess-of-Earnings Withdrawals made after the Rider Date; .. The Earnings Protection Death Benefit after the new Rider Date will be determined as described above, but using the ages of the oldest new Contract Owner and the oldest Annuitant as of the new Rider Date. .. The mortality and expense risk charge, for this rider, will be determined as described above, but using the ages of the oldest new Contract Owner and the oldest Annuitant as of the new Rider Date. If either the Contract Owner's or the Annuitant's age is misstated, the Earnings Protection Death Benefit and the mortality and expense risk charge for this death benefit option will be calculated according to the corrected age as of the Rider Date. Your Contract Value will be adjusted to reflect the mortality and expense risk charge for this death benefit option that should have been assessed based on the corrected age. ALL OPTIONS. WE RESERVE THE RIGHT TO IMPOSE LIMITATIONS ON THE INVESTMENT ALTERNATIVES IN WHICH YOU MAY INVEST AS A CONDITION OF THESE OPTIONS. THESE RESTRICTIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, MAXIMUM INVESTMENT LIMITS ON CERTAIN INVESTMENT ALTERNATIVES, EXCLUSION OF CERTAIN INVESTMENT ALTERNATIVES, REQUIRED MINIMUM ALLOCATIONS TO CERTAIN VARIABLE SUB-ACCOUNTS AND/OR THE REQUIRED USE OF AUTOMATIC PORTFOLIO REBALANCING. CURRENTLY, NO SUCH RESTRICTIONS ARE BEING IMPOSED. These death benefit options will terminate and the corresponding Rider Fee will cease on the earliest of the following to occur: .. the date the Contract is terminated; .. if, upon the death of the Contract Owner, the Contract is continued under Option D as described in the Death of Owner section on page 84, and either the oldest New Owner or the oldest Annuitant is older than age 80 (age 80 or older for the Earnings Protection Death Benefit Option) on the date we determine the Death Proceeds. The death benefit option will terminate on the date we determine the Death Proceeds; .. if the Contract is not continued in the Accumulation Phase under either the Death of Owner or Death of Annuitant provisions of the Contract. The death benefit option will terminate on the date we determine the Death Proceeds; .. on the date the Contract Owner (if the current Contract Owner is a living person) is changed for any reason other than death unless the New Contract Owner is a trust and the Annuitant is the current Contract Owner; .. on the date the Contract Owner (if the current Contract Owner is a non-living person) is changed for any reason unless the New Contract Owner is a non-living person or is the current Annuitant; or 83 PROSPECTUS

.. the Payout Start Date. Notwithstanding the preceding, in the event of the Contract Owner's death, if the Contract Owner's spouse elects to continue the Contract (as permitted in the Death of Owner provision below) he or she may terminate the Earnings Protection Death Benefit at that time. DEATH BENEFIT PAYMENTS DEATH OF CONTRACT OWNER If a Contract Owner dies prior to the Payout Start Date, then the surviving Contract Owners will be "NEW CONTRACT OWNERS". If there are no surviving Contract Owners, then subject to any restrictions previously placed upon them, the Beneficiaries will be the New Contract Owners. If there is more than one New Contract Owner taking a share of the Death Proceeds, each New Contract Owner will be treated as a separate and independent Contract Owner of his or her respective share of the Death Proceeds. Each New Contract Owner will exercise all rights related to his or her share of the Death Proceeds, including the sole right to elect one of the Option(s) below, subject to any restrictions previously placed upon the New Contract Owner. Each New Contract Owner may designate a Beneficiary(ies) for his or her respective share, but that designated Beneficiary(ies) will be restricted to the Option chosen by the original New Contract Owner. The Options available to the New Contract Owner will be determined by the applicable following Category in which the New Contract Owner is defined. An Option will be deemed to have been chosen on the day we receive written notification in a form satisfactory to us. NEW CONTRACT OWNER CATEGORIES CATEGORY 1. If your spouse (or Annuitant's spouse in the case of a grantor trust-owned Contract) is the sole New Contract Owner of the entire Contract, your spouse must choose from among the death settlement Options A, B, C, D, or E described below. If he or she does not choose one of these Options, then Option D will apply. CATEGORY 2. If the New Contract Owner is a living person who is not your spouse (or Annuitant's spouse in the case of a grantor trust-owned Contract), or there is more than one New Contract Owner, all of whom are living persons, each New Contract Owner must choose from among the death settlement Options A, B, C, or E described below. If a New Contract Owner does not choose one of these Options, then Option C will apply for that New Contract Owner. CATEGORY 3. If there are one or more New Contract Owner(s) and at least one of the New Contract Owners is a non-living person such as a corporation or a trust, all New Contract Owners are considered to be non-living persons for purposes of the death settlement options. Each New Contract Owner must choose death settlement Option A or C described below. If a New Contract Owner does not choose one of these Options, then Option C will apply for that New Contract Owner. The death settlement options we currently offer are: OPTION A. The New Contract Owner may elect to receive the Death Proceeds in a lump sum. OPTION B. The New Contract Owner may elect to apply the Death Proceeds to one of the Income Plans described above. Such income payments must begin within one year of the date of death and must be payable: .. Over the life of the New Contract Owner; or .. For a guaranteed payment period of at least 5 years (60 months), but not to exceed the life expectancy of the New Contract Owner; or .. Over the life of the New Contract Owner with a guaranteed payment period of at least 5 years (60 months), but not to exceed the life expectancy of the New Contract Owner. OPTION C. The New Contract Owner may elect to receive the Contract Value payable within 5 years of the date of death. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Any excess amount of the Death Proceeds over the Contract Value on that date will be allocated to the Putnam VT Money Market - - Class IB Sub-Account unless the New Contract Owner provides other allocation instructions. The New Contract Owner may not make any additional purchase payments under this option. Withdrawal charges will be waived for any withdrawals made during the 5-year period after the date of death; however, amounts withdrawn may be subject to Market Value Adjustments. The New Contract Owner may exercise all rights set forth in the Transfers provision. If the New Contract Owner dies before the Contract Value is completely withdrawn, the New Contract Owner's Beneficiary(ies) will receive the greater of the remaining Settlement Value or the remaining Contract Value within 5 years of the date of the original Contract Owner's death. OPTION D. The New Contract Owner may elect to continue the Contract in the Accumulation Phase. If the Contract Owner was also the Annuitant, then the New Contract Owner will be the new Annuitant. This Option may only be exercised once per Contract. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Unless otherwise instructed by the continuing spouse, the excess, if any, of the Death Proceeds over the Contract Value will be allocated to the Sub-Accounts of the Variable Account. This excess will be allocated in proportion to your Contract Value in those Sub-Accounts as of the end of the Valuation Date that we receive the 84 PROSPECTUS

complete request for settlement except that any portion of this excess attributable to the Fixed Account Options will be allocated to the Putnam VT Money Market - Class IB Sub-Account. Within 30 days after the date we determine the Death Proceeds, the New Contract Owner may make a one-time transfer of all or a portion of the excess of the Death Proceeds, if any, into any combination of Variable Sub-Accounts, the Standard Fixed Account and the Market Value Adjusted Fixed Account without incurring a transfer fee, provided the investment alternative is available with the Contract at that time. Any such transfer does not count as one of the free transfers allowed each Contract Year and is subject to any minimum allocation amount specified in this Contract. The New Contract Owner may make a single withdrawal of any amount within one year of the date of your death without incurring a Withdrawal Charge; however, the amount withdrawn may be subject to a Market Value Adjustment and a 10% tax penalty if the New Contract Owner is under age 59 1/2. OPTION E. For Nonqualified Contracts, the New Contract Owner may elect to make withdrawals at least annually of amounts equal to the "ANNUAL REQUIRED DISTRIBUTION" calculated for each calendar year. The first such withdrawal must occur within: .. One year of the date of death; .. The same calendar year as the date we receive the first Complete Request for Settlement; and .. One withdrawal frequency. The New Contract Owner must select the withdrawal frequency (monthly, quarterly, semi-annual, or annual). Once this option is elected and frequency of withdrawals is chosen, they cannot be changed by the New Contract Owner and become irrevocable. In the calendar year in which the Death Proceeds are determined, the ANNUAL REQUIRED DISTRIBUTION is equal to the Contract Value on the date of the first distribution divided by the "Life Expectancy" of the New Contract Owner and the result multiplied by a fraction that represents the portion of the calendar year remaining after the date of the first distribution. (The Contract Value, as of the date we receive the Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. The Contract Value on the date of the first distribution may be more or less than the Contract Value as of the date we receive the Complete Request for Settlement.) The Life Expectancy in that calendar year is equal to the life expectancy value from IRS Tables based on the age of the New Contract Owner as of his or her birthday in the same calendar year. In any subsequent calendar year, the Annual Required Distribution is equal to the Contract Value as of December 31 of the prior year divided by the remaining Life Expectancy of the New Contract Owner. In each calendar year after the calendar year in which the first distribution occurred, the Life Expectancy of the New Contract Owner is the Life Expectancy calculated in the previous calendar year minus one (1) year. If the Life Expectancy is less than one (1), the Annual Required Distribution is equal to the Contract Value. If the New Contract Owner dies before the Contract Value is completely withdrawn, the scheduled withdrawals will continue to be paid to the New Contract Owner's Beneficiary(ies). The Contract Value invested in the Variable Sub-Accounts will be subject to investment risk until it is withdrawn. We reserve the right to offer additional death settlement options. DEATH OF ANNUITANT If the Annuitant dies prior to the Payout Start Date, then the surviving Contract Owners will have the Options available to the New Contract Owner, determined by the applicable following category in which the New Contract Owner is defined, unless: .. The Annuitant was also the Contract Owner, in which case the Death of Owner provisions above apply; or .. The Contract Owner is a grantor trust not established by a business, in which case the Beneficiary(ies) will be deemed the New Contract Owners and the Death of Contract Owner provisions above will apply. SURVIVING CONTRACT OWNER CATEGORIES CATEGORY 1. If the Contract Owner is a living person, prior to the Annuitant's death, the Contract Owner must choose from among the death settlement Options A, B, or D described below. If the Contract Owner does not choose one of these Options, then Option D will apply. CATEGORY 2. If the Contract Owner is a non-living person such as a corporation or a trust, the Contract Owner must choose from death settlement Options A or C described below. If the Contract Owner does not choose one of these Options, then Option C will apply. The death settlement options we currently offer are: OPTION A. The Contract Owner may elect to receive the Death Proceeds in a lump sum. OPTION B. The Contract Owner may elect to apply the Death Proceeds to one of the Income Plans described above. Such income payments must begin within one year of the date of death. OPTION C. The Contract Owner may elect to receive the Contract Value payable within 5 years of the date of death. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Any excess amount of the Death Proceeds over the Contract Value on that date will be allocated to the Putnam VT Money 85 PROSPECTUS

Market - Class IB Sub-Account unless the Contract Owner provides other allocation instructions. The Contract Owner may not make any additional purchase payments under this option. Withdrawal charges will be waived for any withdrawals made during the 5-year period after the date of death; however, amounts withdrawn may be subject to Market Value Adjustments. The Contract Owner may exercise all rights set forth in the Transfers provision. OPTION D. The Contract Owner may elect to continue the Contract and the youngest Contract Owner will become the new Annuitant. The Contract Value of the continued Contract will not be adjusted to equal the Death Proceeds. We reserve the right to offer additional death settlement options. QUALIFIED CONTRACTS The death settlement options for Qualified Plans, including IRAs, may be different to conform with the individual tax requirements of each type of Qualified Plan. Please refer to your Endorsement for IRAs or 403(b) plans, if applicable, for additional information on your death settlement options. In the case of certain Qualified Plans, the terms of the Qualified Plan Endorsement and the plans may govern the right to benefits, regardless of the terms of the Contract. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION AND DEATH OF CO-ANNUITANT We offer a Spousal Protection Benefit (Co-Annuitant) Option that may be added to your Contract subject to the following conditions: .. The individually owned Contract must be either a traditional, Roth, or Simplified Employee Pension IRA. .. The Contract Owner's spouse must be the sole Primary Beneficiary of the Contract and will be the named Co-Annuitant. .. The Contract Owner must be age 90 or younger on the Rider Application Date; and the Co-Annuitant must be age 79 or younger on the Rider Application Date. .. On or after May 1, 2005, the Option may be added only when we issue the Contract or within 6 months of the Contract Owner's marriage. You may not add the Option to your Contract without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the Option. We may require proof of marriage in a form satisfactory to us. Under the Spousal Protection Benefit Option, the Co-Annuitant will be considered to be an Annuitant under the Contract during the Accumulation Phase except that the "Death of Annuitant" provision does not apply on the death of the Co-Annuitant, and the latest Payout Start Date will be based solely on the Contract Owner's age. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. Once we accept a change, the change will take effect on the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. At any time, there may be only one Co-Annuitant under your Contract. There is an annual Rider Fee of 0.10% of the Contract Value for new Options added on or after January 1, 2005. For Options added prior to this date, there is no charge for this Option. We reserve the right to assess an annual Rider Fee not to exceed 0.15% for Options added in the future. Once this Option is added to your Contract, we guarantee that we will not increase what we charge you for this Option. For Contracts purchased on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option at any time prior to the time you elect to receive it. The option will terminate upon the date termination is accepted by us or will terminate on the earliest of the following occurrences: .. upon the death of the Co-Annuitant (as of the date we determine the Death Proceeds); .. upon the death of the Contract Owner (as of the date we determine the Death Proceeds); .. on the date the Contract is terminated; .. on the Payout Start Date; or .. on the date you change the beneficiary of the Contract and the change is accepted by us; .. for options added on or after January 1, 2005, the Owner may terminate the option upon the divorce of the Owner and the Co-Annuitant by providing written notice and proof of divorce in a form satisfactory to us; .. for options added prior to January 1, 2005, the Owner may terminate this option at anytime by written notice in a form satisfactory to us. Once terminated, a new Spousal Protection Benefit (Co-Annuitant) Option cannot be added to the Contract unless the last Option attached to the Contract was terminated due to divorce or a change of beneficiary. DEATH OF CO-ANNUITANT. If the Co-Annuitant dies prior to the Payout Start Date, subject to the following conditions, the Contract will be continued according to Option D under the "Death of Owner" provision of your Contract: .. The Co-Annuitant must have been your legal spouse on the date of his or her death; and .. Option D of the "Death of Owner" provision of your Contract has not previously been exercised. 86 PROSPECTUS

The Contract may only be continued once under Option D under the "Death of Owner" provision. For a description of Option D, see the "Death of Owner" section of this prospectus. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS AND DEATH OF CO-ANNUITANT We offer a Spousal Protection Benefit (Co-Annuitant) Option for certain Custodial Individual Retirement Accounts established under Code Section 408(a) that may be added to your Contract. CSP may not be available in all states. CSP is subject to the following conditions ("CSP Conditions"): .. The beneficially owned Contract must be a Custodial traditional IRA, Custodial Roth IRA, or a Custodial Simplified Employee Pension IRA. .. The Annuitant must be the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA. .. The Co-Annuitant must be the legal spouse of the Annuitant. Only one Co-Annuitant may be named. .. The Co-Annuitant must be the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. .. The Annuitant must be age 90 or younger on the CSP Application Date. .. The Co-Annuitant must be age 79 or younger on the CSP Application Date. .. On or after May 1, 2005, the CSP may be added only when we issue the Contract or within 6 months of the beneficial owner's marriage. You may not add the CSP to your Contract without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the CSP. We may require proof of marriage in a form satisfactory to us. .. We have made no payments under any Income Plan. .. There is an annual Rider Fee of 0.10% of the Contract Value for new Options added on or after January 1, 2005. For Options added prior to this date, there is no charge for this Option. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. Under CSP, the Co-Annuitant will be considered to be an Annuitant under the Contract during the Accumulation Phase except that: .. The Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date. .. The "Death of Annuitant" provision of the Contract does not apply on the death of the Co-Annuitant. .. The Co-Annuitant is not considered the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. Once we accept a change, the change will take effect on the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. At any time, there may only be one Co-Annuitant under your Contract. For Spousal Protection Benefit (Co-Annuitant) Options for Custodial Individual Retirement Accounts added on or after January 1, 2005, there is an annual Rider Fee of 0.10% of the Contract Value for this Option. For Options added prior to this date, there is no charge for this Option. We reserve the right to assess an annual Rider Fee not to exceed 0.15% for Options added in the future. Once this Option is added to your Contract, we guarantee that we will not increase what we charge you for this Option. For Contracts issued on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts at any time to new Contract Owners and to existing Contract Owners who did not elect the Option prior to the date of discontinuance. The Owner may terminate CSP upon the divorce of the Annuitant and the Co-Annuitant by providing written notice and proof of divorce in a form satisfactory to us. The Owner may also terminate CSP upon a change in the beneficiary of the IRA by providing written notice and proof of the change in a form satisfactory to us. CSP will terminate upon the date termination is accepted by us or on the earliest of the following occurrences: .. On the date CSP is terminated as described above; or .. Upon the death of the Annuitant; or .. Upon the death of the Co-Annuitant; or .. On the date the Contract is terminated; or .. On the Payout Start Date. Once terminated, a new CSP cannot be added to the Contract unless the last option attached to the Contract was terminated due to divorce or change of beneficiary of the IRA. DEATH OF CO-ANNUITANT. This section applies if: .. The CSP Conditions are met. . The Annuitant was, at the time of the Co-Annuitant's death, the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA. . We have received proof satisfactory to us that the Co-Annuitant has died. . The Co-Annuitant was, at the time of the Co-Annuitant's death, the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA, and 87 PROSPECTUS

. the Co-Annuitant was, at the time of the Co-Annuitant's death, the legal spouse of the Annuitant. If this section applies and if the Co-Annuitant dies prior to the Payout Start Date, then, subject to the following conditions, the Contract may be continued according to Option D under the "Death of Owner" provisions under the same terms and conditions that would apply if the Co-Annuitant were the Owner of the Contract before death and the sole new Owner of the Contract were the Annuitant provided that: .. The Co-Annuitant was the legal spouse of the Annuitant on the date of Annuitant's death. .. The Owner does not thereafter name a new Co-Annuitant; and .. The Owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA remains the Custodian; and .. The Contract may only be continued once. MORE INFORMATION - -------------------------------------------------------------------------------- ALLSTATE Allstate Life is the issuer of the Contract. Allstate Life was organized in 1957 as a stock life insurance company under the laws of the State of Illinois. Allstate Life is a wholly owned subsidiary of Allstate Insurance Company, a stock property-liability insurance company organized under the laws of the State of Illinois. All of the capital stock issued and outstanding of Allstate Insurance Company is owned by The Allstate Corporation. Allstate Life is licensed to operate in the District of Columbia, Puerto Rico, and all jurisdictions except the State of New York. We intend to offer the Contract in those jurisdictions in which we are licensed. Our home office is located at 3100 Sanders Road, Northbrook, Illinois, 60062. On March 8, 2006, Allstate Life announced that it had entered into an agreement ("the Agreement") with Prudential Financial, Inc. and its subsidiary, The Prudential Insurance Company of America ("PICA") pursuant to which Allstate Life will sell, pursuant to a combination of coinsurance and modified coinsurance reinsurance, substantially all of its variable annuity business. The Agreement also provides that Allstate Life and PICA will enter into an administrative services agreement pursuant to which PICA or an affiliate will administer the Variable Account and the Contracts after a transition period that may last up to two years. The benefits and provisions of the Contracts will not be changed by these transactions and agreements. None of the transactions or agreements will change the fact that we are primarily liable to you under your Contract. The transaction is subject to regulatory approvals, and it is expected that it will be completed by the end of the second quarter of 2006. VARIABLE ACCOUNT Allstate Life established the Allstate Financial Advisors Separate Account I ("Variable Account") in 1999. The Contracts were previously issued through Allstate Life Insurance Company Separate Account A. Effective May 1, 2004, the Variable Account combined with Allstate Life Insurance Company Separate Account A and consolidated duplicative Variable Sub-Accounts that invest in the same Portfolio (the "Consolidation"). The Accumulation Unit Values for the Variable Sub-Accounts in which you invest did not change as a result of the Consolidation, and your Contract Value immediately after the Consolidation was the same as the value immediately before the Consolidation. We have registered the Variable Account with the SEC as a unit investment trust. The SEC does not supervise the management of the Variable Account or Allstate Life. We own the assets of the Variable Account. The Variable Account is a segregated asset account under Illinois law. That means we account for the Variable Account's income, gains and losses separately from the results of our other operations. It also means that only the assets of the Variable Account that are in excess of the reserves and other Contract liabilities with respect to the Variable Account are subject to liabilities relating to our other operations. Our obligations arising under the Contracts are general corporate obligations of Allstate Life. The Variable Account consists of multiple Variable Sub-Accounts, each of which invests in a corresponding Portfolio. We may add new Variable Sub-Accounts or eliminate one or more of them, if we believe marketing, tax, or investment conditions so warrant. We do not guarantee the investment performance of the Variable Account, its Sub-Accounts or the Portfolios. We may use the Variable Account to fund our other annuity contracts. We will account separately for each type of annuity contract funded by the Variable Account. THE PORTFOLIOS DIVIDENDS AND CAPITAL GAIN DISTRIBUTIONS. We automatically reinvest all dividends and capital gains distributions from the Portfolios in shares of the distributing Portfolios at their net asset value. VOTING PRIVILEGES. As a general matter, you do not have a direct right to vote the shares of the Portfolios held by the Variable Sub-Accounts to which you have allocated your Contract Value. Under current law, however, you are entitled to give us instructions on how to vote those shares on certain matters. Based on our present view of 88 PROSPECTUS

the law, we will vote the shares of the Portfolios that we hold directly or indirectly through the Variable Account in accordance with instructions that we receive from Contract Owners entitled to give such instructions. As a general rule, before the Payout Start Date, the Contract Owner or anyone with a voting interest is the person entitled to give voting instructions. The number of shares that a person has a right to instruct will be determined by dividing the Contract Value allocated to the applicable Variable Sub-Account by the net asset value per share of the corresponding Portfolio as of the record date of the meeting. After the Payout Start Date the person receiving income payments has the voting interest. The payee's number of votes will be determined by dividing the reserve for such Contract allocated to the applicable Sub-Account by the net asset value per share of the corresponding Portfolio. The votes decrease as income payments are made and as the reserves for the Contract decrease. We will vote shares attributable to Contracts for which we have not received instructions, as well as shares attributable to us, in the same proportion as we vote shares for which we have received instructions, unless we determine that we may vote such shares in our own discretion. We will apply voting instructions to abstain on any item to be voted upon on a pro-rata basis to reduce the votes eligible to be cast. We reserve the right to vote Portfolio shares as we see fit without regard to voting instructions to the extent permitted by law. If we disregard voting instructions, we will include a summary of that action and our reasons for that action in the next semi-annual financial report we send to you. CHANGES IN PORTFOLIOS. If the shares of any of the Portfolios are no longer available for investment by the Variable Account or if, in our judgment, further investment in such shares is no longer desirable in view of the purposes of the Contract, we may eliminate that Portfolio and substitute shares of another eligible investment fund. Any substitution of securities will comply with the requirements of the Investment Company Act of 1940. We also may add new Variable Sub-Accounts that invest in additional underlying funds. We will notify you in advance of any change. CONFLICTS OF INTEREST. Certain of the Portfolios sell their shares to separate accounts underlying both variable life insurance and variable annuity contracts. It is conceivable that in the future it may be unfavorable for variable life insurance separate accounts and variable annuity separate accounts to invest in the same Portfolio. The board of directors/trustees of these Portfolios monitors for possible conflicts among separate accounts buying shares of the Portfolios. Conflicts could develop for a variety of reasons. For example, differences in treatment under tax and other laws or the failure by a separate account to comply with such laws could cause a conflict. To eliminate a conflict, the Portfolio's board of directors/trustees may require a separate account to withdraw its participation in a Portfolio. A Portfolio's net asset value could decrease if it had to sell investment securities to pay redemption proceeds to a separate account withdrawing because of a conflict. THE CONTRACT DISTRIBUTION. Allstate Distributors, L.L.C., located at 3100 Sanders Road, Northbrook, IL 60062, is the principal underwriter and distributor of the Contract. Allstate Distributors is a wholly owned subsidiary of Allstate Life. Allstate Distributors is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended, and is a member of the National Association of Securities Dealers, Inc ("NASD"). Allstate Distributors does not sell Contracts directly to purchasers. Allstate Distributors enters into selling agreements with affiliated and unaffiliated broker-dealers and banks to sell the Contracts through their registered representatives. The broker-dealers are registered with the SEC and are NASD member firms. Their registered representatives are also licensed as insurance agents by applicable state insurance authorities and appointed as agents of Allstate Life in order to sell the Contracts. Contracts also may be sold by representatives or employees of banks that may be acting as broker-dealers without separate registration under the Exchange Act, pursuant to legal and regulatory exceptions. We will pay commissions to broker-dealers and banks which sell the Contracts. Commissions paid vary, but we may pay up to a maximum sales commission of 7.5% of total purchase payments. In addition, we may pay ongoing annual compensation of up to 1.25% of Contract Value. Individual representatives receive a portion of compensation paid to the broker-dealer or bank with which they are associated in accordance with the broker-dealer's or bank's practices. We estimate that commissions and annual compensation, when combined, will not exceed 8.5% of total purchase payments. However, commissions and annual compensation could exceed that amount because ongoing annual compensation is related to Contract Value and the number of years the Contract is held. From time to time, we pay asset-based compensation and/or marketing allowances to banks and broker-dealers. These payments vary among individual banks and broker dealers, and the asset-based payments may be up to 0.25% of Contract Value annually. These payments are intended to contribute to the promotion and marketing of the Contracts, and they vary among banks and broker-dealers. The marketing and distribution support services include but are not limited to: (1) placement of the Contracts on a list of preferred or recommended products in the bank's or broker-dealer's distribution system; (2) sales promotions with regard to the Contracts; (3) participation in sales conferences; and (4) helping to defray the costs of sales conferences and educational seminars for the bank or broker-dealer's registered 89 PROSPECTUS

representatives. A list of broker-dealers and banks that Allstate Distributors paid pursuant to such arrangements is provided in the Statement of Additional Information, which is available upon request. For a free copy, please write or call us at the address or telephone number listed on the front page of this prospectus, or go to the SEC's Web site (http://www.sec.gov). To the extent permitted by NASD rules and other applicable laws and regulations, we may pay or allow other promotional incentives or payments in the form of cash or non-cash compensation. We may not offer the arrangements to all broker-dealers and banks and the terms of the arrangement may differ among broker-dealers and banks. Individual registered representatives, broker-dealers, banks, and branch managers within some broker-dealers and banks participating in one of these compensation arrangements may receive greater compensation for selling the contract than for selling a different contact that is not eligible for the compensation arrangement. While we take the compensation into account when establishing contract charges, any such compensation will be paid by us or Allstate Distributors and will not result in any additional charge to you. Your registered representative can provide you with more information about the compensation arrangements that apply to the sale of the contract. Allstate Life does not pay Allstate Distributors a commission for distribution of the Contracts. Allstate Distributors compensates its representatives who act as wholesalers, and their sales management personnel, for Contract sales. This compensation is based on a percentage of premium payments and/or a percentage of Contract Values. The underwriting agreement with Allstate Distributors provides that we will reimburse Allstate Distributors for expenses incurred in distributing the Contracts, including any liability to Contract Owners arising out of services rendered or Contracts issued. For Allstate Advisor Contracts issued to employees of Allstate Life and certain other eligible organizations, and in lieu of Allstate Life paying any commissions on sales of those Contracts, the Contract Owner will receive a credit of 6% of the amount of each purchase payment that will be applied to each purchase payment. Allstate Life will allocate this credit in the same allocation as your most recent instruction. If you exercise your Right to Cancel your Contract as described in this prospectus, we will return to you the amount you would have received had there been no credit. Unless we are required by law to return your purchase payments, this amount also will include any charges deducted that reduced your Contract Value prior to cancellation, plus any investment gain on the credit. The credit may not be available in all states. We do not consider the credit to be an "investment in the contract" for income tax purposes. ADMINISTRATION. We have primary responsibility for all administration of the Contracts and the Variable Account. Pursuant to the Agreement, we will enter into an administrative services agreement with PICA whereby, after a transition period that may last up to two years, PICA or an affiliate will provide administrative services to the Variable Account and the Contracts on our behalf. We provide the following administrative services, among others: .. issuance of the Contracts; .. maintenance of Contract Owner records; .. Contract Owner services; .. calculation of unit values; .. maintenance of the Variable Account; and .. preparation of Contract Owner reports. We will send you Contract statements at least annually. We will also send you transaction confirmations. You should notify us promptly in writing of any address change. You should read your statements and confirmations carefully and verify their accuracy. You should contact us promptly if you have a question about a periodic statement or a confirmation. We will investigate all complaints and make any necessary adjustments retroactively, but you must notify us of a potential error within a reasonable time after the date of the questioned statement. If you wait too long, we will make the adjustment as of the date that we receive notice of the potential error. We will also provide you with additional periodic and other reports, information and prospectuses as may be required by federal securities laws. ANNUITIES HELD WITHIN A QUALIFIED PLAN If you use the Contract within an employer sponsored qualified retirement plan, the plan may impose different or additional conditions or limitations on withdrawals, waivers of withdrawal charges, death benefits, Payout Start Dates, income payments, and other Contract features. In addition, adverse tax consequences may result if Qualified Plan limits on distributions and other conditions are not met. Please consult your Qualified Plan administrator for more information. Allstate Life no longer issues deferred annuities to employer sponsored qualified retirement plans. LEGAL MATTERS LeBoeuf, Lamb, Greene & MacRae, L.L.P., Washington, D.C., has advised Allstate Life on certain federal securities law matters. All matters of Illinois law pertaining to the Contracts, including the validity of the Contracts and Allstate Life's right to issue such Contracts under Illinois insurance law, have been passed upon by Michael J. Velotta, General Counsel of Allstate Life. 90 PROSPECTUS

TAXES - -------------------------------------------------------------------------------- THE FOLLOWING DISCUSSION IS GENERAL AND IS NOT INTENDED AS TAX ADVICE. ALLSTATE LIFE MAKES NO GUARANTEE REGARDING THE TAX TREATMENT OF ANY CONTRACT OR TRANSACTION INVOLVING A CONTRACT. Federal, state, local and other tax consequences of ownership or receipt of distributions under an annuity contract depend on your individual circumstances. If you are concerned about any tax consequences with regard to your individual circumstances, you should consult a competent tax adviser. TAXATION OF ALLSTATE LIFE INSURANCE COMPANY Allstate Life is taxed as a life insurance company under Part I of Subchapter L of the Code. Since the Variable Account is not an entity separate from Allstate Life, and its operations form a part of Allstate Life, it will not be taxed separately. Investment income and realized capital gains of the Variable Account are automatically applied to increase reserves under the Contract. Under existing federal income tax law, Allstate Life believes that the Variable Account investment income and capital gains will not be taxed to the extent that such income and gains are applied to increase the reserves under the Contract. Accordingly, Allstate Life does not anticipate that it will incur any federal income tax liability attributable to the Variable Account, and therefore Allstate Life does not intend to make provisions for any such taxes. If Allstate Life is taxed on investment income or capital gains of the Variable Account, then Allstate Life may impose a charge against the Variable Account in order to make provision for such taxes. TAXATION OF VARIABLE ANNUITIES IN GENERAL TAX DEFERRAL. Generally, you are not taxed on increases in the Contract Value until a distribution occurs. This rule applies only where: .. the Contract Owner is a natural person, .. the investments of the Variable Account are "adequately diversified" according to Treasury Department regulations, and .. Allstate Life is considered the owner of the Variable Account assets for federal income tax purposes. NON-NATURAL OWNERS. Non-natural owners are also referred to as Non Living Owners in this prospectus. As a general rule, annuity contracts owned by non-natural persons such as corporations, trusts, or other entities are not treated as annuity contracts for federal income tax purposes. The income on such contracts does not enjoy tax deferral and is taxed as ordinary income received or accrued by the non-natural owner during the taxable year. EXCEPTIONS TO THE NON-NATURAL OWNER RULE. There are several exceptions to the general rule that annuity contracts held by a non-natural owner are not treated as annuity contracts for federal income tax purposes. Contracts will generally be treated as held by a natural person if the nominal owner is a trust or other entity which holds the contract as agent for a natural person. However, this special exception will not apply in the case of an employer who is the nominal owner of an annuity contract under a non-Qualified deferred compensation arrangement for its employees. Other exceptions to the non-natural owner rule are: (1) contracts acquired by an estate of a decedent by reason of the death of the decedent; (2) certain qualified contracts; (3) contracts purchased by employers upon the termination of certain Qualified Plans; (4) certain contracts used in connection with structured settlement agreements; and (5) immediate annuity contracts, purchased with a single premium, when the annuity starting date is no later than a year from purchase of the annuity and substantially equal periodic payments are made, not less frequently than annually, during the annuity period. GRANTOR TRUST OWNED ANNUITY. Contracts owned by a grantor trust are considered owned by a non-natural owner. Grantor trust owned contracts receive tax deferral as described in the Exceptions to the Non-Natural Owner Rule section. In accordance with the Code, upon the death of the annuitant, the death benefit must be paid. According to your Contract, the Death Benefit is paid to the beneficiary. A trust named beneficiary, including a grantor trust, has two options for receiving any death benefits: 1) a lump sum payment, or 2) payment deferred up to five years from date of death. DIVERSIFICATION REQUIREMENTS. For a Contract to be treated as an annuity for federal income tax purposes, the investments in the Variable Account must be "adequately diversified" consistent with standards under Treasury Department regulations. If the investments in the Variable Account are not adequately diversified, the Contract will not be treated as an annuity contract for federal income tax purposes. As a result, the income on the Contract will be taxed as ordinary income received or accrued by the Contract owner during the taxable year. Although Allstate Life does not have control over the Portfolios or their investments, we expect the Portfolios to meet the diversification requirements. OWNERSHIP TREATMENT. The IRS has stated that a contract owner will be considered the owner of separate account assets if he possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. At the time the diversification regulations were issued, the Treasury Department announced that the regulations do not provide guidance concerning circumstances in which investor control of the separate account investments may cause a Contract owner to be treated as the owner of the separate account. The Treasury Department also stated that future 91 PROSPECTUS

guidance would be issued regarding the extent that owners could direct sub-account investments without being treated as owners of the underlying assets of the separate account. Your rights under the Contract are different than those described by the IRS in private and published rulings in which it found that Contract owners were not owners of separate account assets. For example, if your contract offers more than twenty (20) investment alternatives you have the choice to allocate premiums and contract values among a broader selection of investment alternatives than described in such rulings. You may be able to transfer among investment alternatives more frequently than in such rulings. These differences could result in you being treated as the owner of the Variable Account. If this occurs, income and gain from the Variable Account assets would be includible in your gross income. Allstate Life does not know what standards will be set forth in any regulations or rulings which the Treasury Department may issue. It is possible that future standards announced by the Treasury Department could adversely affect the tax treatment of your Contract. We reserve the right to modify the Contract as necessary to attempt to prevent you from being considered the federal tax owner of the assets of the Variable Account. However, we make no guarantee that such modification to the Contract will be successful. TAXATION OF PARTIAL AND FULL WITHDRAWALS. If you make a partial withdrawal under a Non-Qualified Contract, amounts received are taxable to the extent the Contract Value, without regard to surrender charges, exceeds the investment in the Contract. The investment in the Contract is the gross premium paid for the contract minus any amounts previously received from the Contract if such amounts were properly excluded from your gross income. If you make a full withdrawal under a Non-Qualified Contract, the amount received will be taxable only to the extent it exceeds the investment in the Contract. TAXATION OF ANNUITY PAYMENTS. Generally, the rule for income taxation of annuity payments received from a Non-Qualified Contract provides for the return of your investment in the Contract in equal tax-free amounts over the payment period. The balance of each payment received is taxable. For fixed annuity payments, the amount excluded from income is determined by multiplying the payment by the ratio of the investment in the Contract (adjusted for any refund feature or period certain) to the total expected value of annuity payments for the term of the Contract. If you elect variable annuity payments, the amount excluded from taxable income is determined by dividing the investment in the Contract by the total number of expected payments. The annuity payments will be fully taxable after the total amount of the investment in the Contract is excluded using these ratios. If any variable payment is less than the excludable amount you should contact a competent tax advisor to determine how to report any unrecovered investment. The federal tax treatment of annuity payments is unclear in some respects. As a result, if the IRS should provide further guidance, it is possible that the amount we calculate and report to the IRS as taxable could be different. If you die, and annuity payments cease before the total amount of the investment in the Contract is recovered, the unrecovered amount will be allowed as a deduction for your last taxable year. TAXATION OF LEVEL MONTHLY VARIABLE ANNUITY PAYMENTS. You may have an option to elect a variable income payment stream consisting of level monthly payments that are recalculated annually. Although we will report your levelized payments to the IRS in the year distributed, it is possible the IRS could determine that receipt of the first monthly payout of each annual amount is constructive receipt of the entire annual amount. If the IRS were to take this position, the taxable amount of your levelized payments would be accelerated to the time of the first monthly payout and reported in the tax year in which the first monthly payout is received. WITHDRAWALS AFTER THE PAYOUT START DATE. Federal tax law is unclear regarding the taxation of any additional withdrawal received after the Payout Start Date. It is possible that a greater or lesser portion of such a payment could be taxable than the amount we determine. DISTRIBUTION AT DEATH RULES. In order to be considered an annuity contract for federal income tax purposes, the Contract must provide: .. if any Contract Owner dies on or after the Payout Start Date but before the entire interest in the Contract has been distributed, the remaining portion of such interest must be distributed at least as rapidly as under the method of distribution being used as of the date of the Contract Owner's death; .. if any Contract Owner dies prior to the Payout Start Date, the entire interest in the Contract will be distributed within 5 years after the date of the Contract Owner's death. These requirements are satisfied if any portion of the Contract Owner's interest that is payable to (or for the benefit of) a designated Beneficiary is distributed over the life of such Beneficiary (or over a period not extending beyond the life expectancy of the Beneficiary) and the distributions begin within 1 year of the Contract Owner's death. If the Contract Owner's designated Beneficiary is the surviving spouse of the Contract Owner, the Contract may be continued with the surviving spouse as the new Contract Owner; .. if the Contract Owner is a non-natural person, then the Annuitant will be treated as the Contract Owner for purposes of applying the distribution at death rules. In addition, a change in the Annuitant on a Contract owned by a non-natural person will be treated as the death of the Contract Owner. TAXATION OF ANNUITY DEATH BENEFITS. Death Benefit amounts are included in income as follows: 92 PROSPECTUS

.. if distributed in a lump sum, the amounts are taxed in the same manner as a total withdrawal, or .. if distributed under an Income Plan, the amounts are taxed in the same manner as annuity payments. PENALTY TAX ON PREMATURE DISTRIBUTIONS. A 10% penalty tax applies to the taxable amount of any premature distribution from a non-Qualified Contract. The penalty tax generally applies to any distribution made prior to the date you attain age 59 1/2. However, no penalty tax is incurred on distributions: .. made on or after the date the Contract Owner attains age 59 1/2, .. made as a result of the Contract Owner's death or becoming totally disabled, .. made in substantially equal periodic payments over the Contract Owner's life or life expectancy, or over the joint lives or joint life expectancies of the Contract Owner and the Beneficiary, .. made under an immediate annuity, or .. attributable to investment in the Contract before August 14, 1982. You should consult a competent tax advisor to determine how these exceptions may apply to your situation. SUBSTANTIALLY EQUAL PERIODIC PAYMENTS. With respect to non-Qualified Contracts using substantially equal periodic payments or immediate annuity payments as an exception to the penalty tax on premature distributions, any additional withdrawal or other material modification of the payment stream would violate the requirement that payments must be substantially equal. Failure to meet this requirement would mean that the income portion of each payment received prior to the later of 5 years or the Contract Owner's attaining age 59 1/2 would be subject to a 10% penalty tax unless another exception to the penalty tax applied. The tax for the year of the modification is increased by the penalty tax that would have been imposed without the exception, plus interest for the years in which the exception was used. A material modification does not include permitted changes described in published IRS rulings. You should consult a competent tax advisor prior to creating or modifying a substantially equal periodic payment stream. TAX FREE EXCHANGES UNDER INTERNAL REVENUE CODE SECTION 1035. A 1035 exchange is a tax-free exchange of a non-Qualified life insurance contract, endowment contract or annuity contract into a non-Qualified annuity contract. The contract owner(s) must be the same on the old and new contract. Basis from the old contract carries over to the new contract so long as we receive that information from the relinquishing company. If basis information is never received, we will assume that all exchanged funds represent earnings and will allocate no cost basis to them. PARTIAL EXCHANGES. The IRS has issued a ruling that permits partial exchanges of annuity contracts. Under this ruling, if you take a withdrawal from a receiving or relinquishing annuity contract within 24 months of the partial exchange, then special aggregation rules apply for purposes of determining the taxable amount of a distribution. The IRS has issued limited guidance on how to aggregate and report these distributions. The IRS is expected to provide further guidance; as a result, it is possible that the amount we calculate and report to the IRS as taxable could be different. Your Contract may not permit partial exchanges. TAXATION OF OWNERSHIP CHANGES. If you transfer a non-Qualified Contract without full and adequate consideration to a person other than your spouse (or to a former spouse incident to a divorce), you will be taxed on the difference between the Contract Value and the investment in the Contract at the time of transfer. Any assignment or pledge (or agreement to assign or pledge) of the Contract Value is taxed as a withdrawal of such amount or portion and may also incur the 10% penalty tax. AGGREGATION OF ANNUITY CONTRACTS. The Code requires that all non-Qualified deferred annuity contracts issued by Allstate Life (or its affiliates) to the same Contract Owner during any calendar year be aggregated and treated as one annuity contract for purposes of determining the taxable amount of a distribution. INCOME TAX WITHHOLDING Generally, Allstate Life is required to withhold federal income tax at a rate of 10% from all non-annuitized distributions. The customer may elect out of withholding by completing and signing a withholding election form. If no election is made, we will automatically withhold the required 10% of the taxable amount. In certain states, if there is federal withholding, then state withholding is also mandatory. Allstate Life is required to withhold federal income tax using the wage withholding rates for all annuitized distributions. The customer may elect out of withholding by completing and signing a withholding election form. If no election is made, we will automatically withhold using married with three exemptions as the default. If no U.S. taxpayer identification number is provided, we will automatically withhold using single with zero exemptions as the default. In certain states, if there is federal withholding, then state withholding is also mandatory. Election out of withholding is valid only if the customer provides a U.S. residence address and taxpayer identification number. Generally, Code Section 1441 provides that Allstate Life as a withholding agent must withhold 30% of the taxable amounts paid to a non-resident alien. A non-resident alien is someone other than a U.S. citizen or resident alien. Withholding may be reduced or eliminated if covered by an income tax treaty between the U.S. and the non-resident alien's country of residence if the payee provides a U.S. taxpayer identification number on a fully 93 PROSPECTUS

completed Form W-8BEN. A U.S. taxpayer identification number is a social security number or an individual taxpayer identification number ("ITIN"). ITINs are issued by the IRS to non-resident alien individuals who are not eligible to obtain a social security number. The U.S. does not have a tax treaty with all countries nor do all tax treaties provide an exclusion or lower withholding rate for annuities. TAX QUALIFIED CONTRACTS The income on tax sheltered annuity (TSA) and IRA investments is tax deferred, and the income from annuities held by such plans does not receive any additional tax deferral. You should review the annuity features, including all benefits and expenses, prior to purchasing an annuity as a TSA or IRA. Tax Qualified Contracts are contracts purchased as or in connection with: .. Individual Retirement Annuities (IRAs) under Code Section 408(b); .. Roth IRAs under Code Section 408A; .. Simplified Employee Pension (SEP IRA) under Code Section 408(k); .. Savings Incentive Match Plans for Employees (SIMPLE IRA) under Code Section 408(p); .. Tax Sheltered Annuities under Code Section 403(b); .. Corporate and Self Employed Pension and Profit Sharing Plans under Code Section 401; and .. State and Local Government and Tax-Exempt Organization Deferred Compensation Plans under Code Section 457. Allstate Life reserves the right to limit the availability of the Contract for use with any of the retirement plans listed above or to modify the Contract to conform with tax requirements. If you use the Contract within an employer sponsored qualified retirement plan, the plan may impose different or additional conditions or limitations on withdrawals, waiver of charges, death benefits, Payout Start Dates, income payments, and other Contract features. In addition, adverse tax consequences may result if Qualified Plan limits on distributions and other conditions are not met. Please consult your Qualified Plan administrator for more information. Allstate Life no longer issues deferred annuities to employer sponsored qualified retirement plans. The tax rules applicable to participants with tax qualified annuities vary according to the type of contract and the terms and conditions of the endorsement. Adverse tax consequences may result from certain transactions such as excess contributions, premature distributions, and, distributions that do not conform to specified commencement and minimum distribution rules. Allstate Life can issue an individual retirement annuity on a rollover or transfer of proceeds from a decedent's IRA, TSA, or employer sponsored retirement plan under which the decedent's surviving spouse is the beneficiary. Allstate Life does not offer an individual retirement annuity that can accept a transfer of funds for any other, non-spousal, beneficiary of a decedent's IRA, TSA, or employer sponsored qualified retirement plan. Please refer to your Endorsement for IRAs or 403(b) plans, if applicable, for additional information on your death settlement options. In the case of certain Qualified Plans, the terms of the Qualified Plan Endorsement and the plans may govern the right to benefits, regardless of the terms of the Contract. TAXATION OF WITHDRAWALS FROM AN INDIVIDUALLY OWNED TAX QUALIFIED CONTRACT. If you make a partial withdrawal under a Tax Qualified Contract other than a Roth IRA, the portion of the payment that bears the same ratio to the total payment that the investment in the Contract (i.e., nondeductible IRA contributions) bears to the Contract Value, is excluded from your income. We do not keep track of nondeductible contributions, and generally all tax reporting of distributions from Tax Qualified Contracts other than Roth IRAs will indicate that the distribution is fully taxable. "Qualified distributions" from Roth IRAs are not included in gross income. "Qualified distributions" are any distributions made more than five taxable years after the taxable year of the first contribution to any Roth IRA and which are: .. made on or after the date the Contract Owner attains age 59 1/2, .. made to a beneficiary after the Contract Owner's death, .. attributable to the Contract Owner being disabled, or .. made for a first time home purchase (first time home purchases are subject to a lifetime limit of $10,000). "Nonqualified distributions" from Roth IRAs are treated as made from contributions first and are included in gross income only to the extent that distributions exceed contributions. REQUIRED MINIMUM DISTRIBUTIONS. Generally, Tax Qualified Contracts (excluding Roth IRAs) require minimum distributions upon reaching age 70 1/2. Failure to withdraw the required minimum distribution will result in a 50% tax penalty on the shortfall not withdrawn from the Contract. Effective December 31, 2005, the IRS requires annuity contracts to include the actuarial present value of other benefits for purposes of calculating the required minimum distribution amount. These other benefits may include accumulation, income, or death benefits. Not all income plans offered under the Contract satisfy the requirements for minimum distributions. Because these distributions are required under the Code and the method of calculation is complex, please see a competent tax advisor. THE DEATH BENEFIT AND TAX QUALIFIED CONTRACTS. Pursuant to the Code and IRS regulations, an IRA (e.g., traditional IRA, Roth IRA, SEP IRA and SIMPLE IRA) 94 PROSPECTUS

may not invest in life insurance contracts. However, an IRA may provide a death benefit that equals the greater of the purchase payments or the Contract Value. The Contract offers a death benefit that in certain circumstances may exceed the greater of the purchase payments or the Contract Value. We believe that the Death Benefits offered by your Contract do not constitute life insurance under these regulations. It is also possible that certain death benefits that offer enhanced earnings could be characterized as an incidental death benefit. If the death benefit were so characterized, this could result in current taxable income to a Contract Owner. In addition, there are limitations on the amount of incidental death benefits that may be provided under Qualified Plans, such as in connection with a TSA or employer sponsored qualified retirement plan. Allstate Life reserves the right to limit the availability of the Contract for use with any of the Qualified Plans listed above. PENALTY TAX ON PREMATURE DISTRIBUTIONS FROM TAX QUALIFIED CONTRACTS. A 10% penalty tax applies to the taxable amount of any premature distribution from a Tax Qualified Contract. The penalty tax generally applies to any distribution made prior to the date you attain age 59 1/2. However, no penalty tax is incurred on distributions: .. made on or after the date the Contract Owner attains age 59 1/2, .. made as a result of the Contract Owner's death or total disability, .. made in substantially equal periodic payments over the Contract Owner's life or life expectancy, or over the joint lives or joint life expectancies of the Contract Owner and the Beneficiary, .. made after separation from service after age 55 (does not apply to IRAs), .. made pursuant to an IRS levy, .. made for certain medical expenses, .. made to pay for health insurance premiums while unemployed (applies only for IRAs), .. made for qualified higher education expenses (applies only for IRAs), and .. made for a first time home purchase (up to a $10,000 lifetime limit and applies only for IRAs). During the first 2 years of the individual's participation in a SIMPLE IRA, distributions that are otherwise subject to the premature distribution penalty, will be subject to a 25% penalty tax. You should consult a competent tax advisor to determine how these exceptions may apply to your situation. SUBSTANTIALLY EQUAL PERIODIC PAYMENTS ON TAX QUALIFIED CONTRACTS. With respect to Tax Qualified Contracts using substantially equal periodic payments as an exception to the penalty tax on premature distributions, any additional withdrawal or other material modification of the payment stream would violate the requirement that payments must be substantially equal. Failure to meet this requirement would mean that the income portion of each payment received prior to the later of 5 years or the taxpayer's attaining age 59 1/2 would be subject to a 10% penalty tax unless another exception to the penalty tax applied. The tax for the year of the modification is increased by the penalty tax that would have been imposed without the exception, plus interest for the years in which the exception was used. A material modification does not include permitted changes described in published IRS rulings. You should consult a competent tax advisor prior to creating or modifying a substantially equal periodic payment stream. INCOME TAX WITHHOLDING ON TAX QUALIFIED CONTRACTS. Generally, Allstate Life is required to withhold federal income tax at a rate of 10% from all non-annuitized distributions that are not considered "eligible rollover distributions." The customer may elect out of withholding by completing and signing a withholding election form. If no election is made, we will automatically withhold the required 10% from the taxable amount. In certain states, if there is federal withholding, then state withholding is also mandatory. Allstate Life is required to withhold federal income tax at a rate of 20% on all "eligible rollover distributions" unless you elect to make a "direct rollover" of such amounts to an IRA or eligible retirement plan. Eligible rollover distributions generally include all distributions from Tax Qualified Contracts, including TSAs but excluding IRAs, with the exception of: .. required minimum distributions, or, .. a series of substantially equal periodic payments made over a period of at least 10 years, or, .. a series of substantially equal periodic payments made over the life (joint lives) of the participant (and beneficiary), or, .. hardship distributions. For all annuitized distributions that are not subject to the 20% withholding requirement, Allstate Life is required to withhold federal income tax using the wage withholding rates. The customer may elect out of withholding by completing and signing a withholding election form. If no election is made, we will automatically withhold using married with three exemptions as the default. If no U.S. taxpayer identification number is provided, we will automatically withhold using single with zero exemptions as the default. In certain states, if there is federal withholding, then state withholding is also mandatory. Election out of withholding is valid only if the customer provides a U.S. residence address and taxpayer identification number. Generally, Code Section 1441 provides that Allstate Life as a withholding agent must withhold 30% of the taxable 95 PROSPECTUS

amounts paid to a non-resident alien. A non-resident alien is someone other than a U.S. citizen or resident alien. Withholding may be reduced or eliminated if covered by an income tax treaty between the U.S. and the non-resident alien's country of residence if the payee provides a U.S. taxpayer identification number on a fully completed Form W-8BEN. A U.S. taxpayer identification number is a social security number or an individual taxpayer identification number ("ITIN"). ITINs are issued by the IRS to non-resident alien individuals who are not eligible to obtain a social security number. The U.S. does not have a tax treaty with all countries nor do all tax treaties provide an exclusion or lower withholding rate for annuities. INDIVIDUAL RETIREMENT ANNUITIES. Code Section 408(b) permits eligible individuals to contribute to an individual retirement program known as an Individual Retirement Annuity (IRA). Individual Retirement Annuities are subject to limitations on the amount that can be contributed and on the time when distributions may commence. Certain distributions from other types of qualified retirement plans may be "rolled over" on a tax-deferred basis into an Individual Retirement Annuity. ROTH INDIVIDUAL RETIREMENT ANNUITIES. Code Section 408A permits eligible individuals to make nondeductible contributions to an individual retirement program known as a Roth Individual Retirement Annuity. Roth Individual Retirement Annuities are subject to limitations on the amount that can be contributed and on the time when distributions may commence. Subject to certain limitations, a traditional Individual Retirement Account or Annuity may be converted or "rolled over" to a Roth Individual Retirement Annuity. The income portion of a conversion or rollover distribution is taxable currently, but is exempted from the 10% penalty tax on premature distributions. Effective January 1, 2005, the IRS requires conversions of annuity contracts to include the actuarial present value of other benefits for purposes of valuing the taxable amount of the conversion. ANNUITIES HELD BY INDIVIDUAL RETIREMENT ACCOUNTS (COMMONLY KNOWN AS CUSTODIAL IRAS). Code Section 408 permits a custodian or trustee of an Individual Retirement Account to purchase an annuity as an investment of the Individual Retirement Account. If an annuity is purchased inside of an Individual Retirement Account, then the Annuitant must be the same person as the beneficial owner of the Individual Retirement Account. Generally, the death benefit of an annuity held in an Individual Retirement Account must be paid upon the death of the Annuitant. However, in most states, the Contract permits the custodian or trustee of the Individual Retirement Account to continue the Contract in the accumulation phase, with the Annuitant's surviving spouse as the new Annuitant, if the following conditions are met: 1) The custodian or trustee of the Individual Retirement Account is the owner of the annuity and has the right to the death proceeds otherwise payable under the Contract; 2) The deceased Annuitant was the beneficial owner of the Individual Retirement Account; 3) We receive a complete request for settlement for the death of the Annuitant; and 4) The custodian or trustee of the Individual Retirement Account provides us with a signed certification of the following: (a) The Annuitant's surviving spouse is the sole beneficiary of the Individual Retirement Account; (b) The Annuitant's surviving spouse has elected to continue the Individual Retirement Account as his or her own Individual Retirement Account; and (c) The custodian or trustee of the Individual Retirement Account has continued the Individual Retirement Account pursuant to the surviving spouse's election. SIMPLIFIED EMPLOYEE PENSION IRA. Code Section 408(k) allows eligible employers to establish simplified employee pension plans for their employees using individual retirement annuities. These employers may, within specified limits, make deductible contributions on behalf of the employees to the individual retirement annuities. Employers intending to use the Contract in connection with such plans should seek competent tax advice. SAVINGS INCENTIVE MATCH PLANS FOR EMPLOYEES (SIMPLE IRA). Code Section 408(p) allows eligible employers with 100 or fewer employees to establish SIMPLE retirement plans for their employees using individual retirement annuities. In general, a SIMPLE IRA consists of a salary deferral program for eligible employees and matching or nonelective contributions made by employers. Employers intending to purchase the Contract as a SIMPLE IRA should seek competent tax and legal advice. TO DETERMINE IF YOU ARE ELIGIBLE TO CONTRIBUTE TO ANY OF THE ABOVE LISTED IRAS (TRADITIONAL, ROTH, SEP, OR SIMPLE), PLEASE REFER TO IRS PUBLICATION 590 AND YOUR COMPETENT TAX ADVISOR. TAX SHELTERED ANNUITIES. Code Section 403(b) provides tax-deferred retirement savings plans for employees of certain non-profit and educational organizations. Under Section 403(b), any contract used for a 403(b) plan must provide that distributions attributable to salary reduction contributions made after 12/31/88, and all earnings on salary reduction contributions, may be made only on or after the date the employee: .. attains age 59 1/2, .. severs employment, 96 PROSPECTUS

.. dies, .. becomes disabled, or .. incurs a hardship (earnings on salary reduction contributions may not be distributed on account of hardship). These limitations do not apply to withdrawals where Allstate Life is directed to transfer some or all of the Contract Value to another 403(b) plan. Generally, we do not accept funds in 403(b) contracts that are subject to the Employee Retirement Income Security Act of 1974 (ERISA). CORPORATE AND SELF-EMPLOYED PENSION AND PROFIT SHARING PLANS. Section 401(a) of the Code permits corporate employers to establish various types of tax favored retirement plans for employees. Self-employed individuals may establish tax favored retirement plans for themselves and their employees (commonly referred to as "H.R.10" or "Keogh"). Such retirement plans may permit the purchase of annuity contracts. Allstate Life no longer issues annuity contracts to employer sponsored qualified retirement plans. There are two owner types for contracts intended to qualify under Section 401(a): a qualified plan fiduciary or an annuitant owner. .. A qualified plan fiduciary exists when a qualified plan trust that is intended to qualify under Section 401(a) of the Code is the owner. The qualified plan trust must have its own tax identification number and a named trustee acting as a fiduciary on behalf of the plan. The annuitant should be the person for whose benefit the contract was purchased. .. An annuitant owner exists when the tax identification number of the owner and annuitant are the same, or the annuity contract is not owned by a qualified plan trust. The annuitant should be the person for whose benefit the contract was purchased. If a qualified plan fiduciary is the owner of the contract, the qualified plan must be the beneficiary so that death benefits from the annuity are distributed in accordance with the terms of the qualified plan. Annuitant owned contracts require that the beneficiary be the annuitant's spouse (if applicable), which is consistent with the required IRS language for qualified plans under Section 401(a). A completed Annuitant Owned Qualified Plan Designation of Beneficiary form is required in order to change the beneficiary of an annuitant owned Qualified Plan contract. STATE AND LOCAL GOVERNMENT AND TAX-EXEMPT ORGANIZATION DEFERRED COMPENSATION PLANS. Section 457 of the Code permits employees of state and local governments and tax-exempt organizations to defer a portion of their compensation without paying current taxes. The employees must be participants in an eligible deferred compensation plan. In eligible governmental plans, all assets and income must be held in a trust/ custodial account/annuity contract for the exclusive benefit of the participants and their beneficiaries. To the extent the Contracts are used in connection with a non-governmental eligible plan, employees are considered general creditors of the employer and the employer as owner of the Contract has the sole right to the proceeds of the Contract. Under eligible 457 plans, contributions made for the benefit of the employees will not be includible in the employees' gross income until distributed from the plan. Allstate Life no longer issues annuity contracts to employer sponsored qualified retirement plans. ANNUAL REPORTS AND OTHER DOCUMENTS - -------------------------------------------------------------------------------- Allstate Life's Annual Report on Form 10-K for the year ended December 31, 2005, is incorporated herein by reference, which means that it is legally a part of this prospectus. After the date of this prospectus and before we terminate the offering of the securities under this prospectus, all documents or reports we file with the SEC under the Securities Exchange Act of 1934 are also incorporated herein by reference, which means that they also legally become a part of this prospectus. Statements in this prospectus, or in documents that we file later with the SEC and that legally become a part of this prospectus, may change or supersede statements in other documents that are legally part of this prospectus. Accordingly, only the statement that is changed or replaced will legally be a part of this prospectus. We file our Exchange Act documents and reports, including our annual and quarterly reports on Form 10-K and Form 10-Q electronically on the SEC's "EDGAR" system using the identifying number CIK No. 0000352736. The SEC maintains a Web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC. The address of the site is http:// www.sec.gov. You also can view these materials at the SEC's Public Reference Room at 100 F Street NE, Room 1580, Washington, DC 20549-2001. For more information on the operations of SEC's Public Reference Room, call 1-800-SEC-0330. If you have received a copy of this prospectus, and would like a free copy of any document incorporated herein by reference (other than exhibits not specifically incorporated by reference into the text of such documents), please write or call us at P.O. Box 80469, Lincoln, NE 68501-0469 or 1-800-203-0068. 97 PROSPECTUS

APPENDIX A ALLSTATE ADVISOR CONTRACT COMPARISON CHART FEATURE ADVISOR ADVISOR PLUS ADVISOR PREFERRED - ------------------------------------------------------------------------------------------------------------------------------------ 5-YEAR WITHDRAWAL 3-YEAR WITHDRAWAL CHARGE OPTION CHARGE OPTION - ------------------------------------------------------------------------------------------------------------------------------------ up to 5% depending on issue age and amount Credit Enhancement None of None None purchase payments - ------------------------------------------------------------------------------------------------------------------------------------ Mortality and Expense Risk Charge 1.10% 1.40% 1.40% 1.50% (Base Contract) - ------------------------------------------------------------------------------------------------------------------------------------ Withdrawal Charge 7/ 7/ 6/ 5/ 4/ 3/ 2 8.5/ 8.5/ 8.5/ 7.5/ (% of purchase payment) 6.5/ 5.5/ 4/2.5 7/ 6/ 5/ 4/ 3 7/ 6/ 5 - ------------------------------------------------------------------------------------------------------------------------------------ Confinement, Withdrawal Charge Confinement, Terminal Confinement, Terminal Confinement, Terminal Terminal Waivers Illness, Unemployment Illness, Unemployment Illness, Unemployment Illness, Unemployment - ------------------------------------------------------------------------------------------------------------------------------------ FEATURE - --------------------------------------------------------- NO WITHDRAWAL CHARGE OPTION - --------------------------------------------------------- Credit Enhancement None - --------------------------------------------------------- Mortality and Expense 1.60% Risk Charge (Base Contract) - --------------------------------------------------------- Withdrawal Charge None (% of purchase payment) - --------------------------------------------------------- Withdrawal Charge N/A Waivers - --------------------------------------------------------- - -------------------------------------------------------------------------------- The Fixed Account Options available depend on the type of Contract you have purchased and the state in which your Contract was issued. The following tables summarize the availability of the Fixed Account Options in general. Please check with your representative for specific details for your state. DCA FIXED ACCOUNT OPTION - ----------------------------------------------------------------------------------------------------- Advisor Advisor Plus Advisor Preferred ----------------------------------------------------- 5-YEAR 3-YEAR NO WITHDRAWAL WITHDRAWAL CHARGE WITHDRAWAL CHARGE CHARGE OPTION - ------------------------------------------------ OPTION OPTION ----------------------------------------------------- TRANSFER PERIODS 3 to 6-month 3 to 6-month 3 to 6-month 3 to 6-month N/A - ----------------------------------------------------------------------------------------------------- 7 to 12-month 7 to 12-month 7 to 12-month 7 to 12-month N/A ----------------------------------------------------------------------------------- STANDARD FIXED ACCOUNT OPTION (SOME OPTIONS NOT AVAILABLE IN ALL STATES) - -------------------------------------------------------------------------------------------------------- Advisor AdvisorPlus Advisor Preferred --------------------------------------------------------- 5-YEAR 3-YEAR NO WITHDRAWAL CHARGE WITHDRAWAL CHARGE WITHDRAWAL CHARGE ---------------------------- OPTION OPTION OPTION --------------------------------------------------------- GUARANTEE PERIODS 1-year N/A N/A N/A N/A - -------------------------------------------------------------------------------------------------------- 3-year* N/A N/A N/A N/A ------------------------------------------------------------------------------------- 5-year* N/A N/A N/A N/A ------------------------------------------------------------------------------------- 7-year* N/A N/A N/A N/A ------------------------------------------------------------------------------------- * Available only in states in which the MVA Fixed Account Option is not offered. 99 PROSPECTUS

MVA FIXED ACCOUNT OPTION (NOT AVAILABLE IN ALL STATES)** - -------------------------------------------------------------------------------------------------------- Advisor Advisor Plus Advisor Preferred --------------------------------------------------------- 5-YEAR 3-YEAR NO WITHDRAWAL CHARGE WITHDRAWAL CHARGE WITHDRAWAL CHARGE ---------------------------- OPTION OPTION OPTION --------------------------------------------------------- GUARANTEE PERIODS 3-year 3-year 3-year 3-year 3-year - -------------------------------------------------------------------------------------------------------- 5-year 5-year 5-year 5-year 5-year ------------------------------------------------------------------------------------- 7-year 7-year 7-year 7-year 7-year ------------------------------------------------------------------------------------- 10-year 10-year 10-year 10-year 10-year ------------------------------------------------------------------------------------- ** Not available in states in which the 3-, 5-, or 7-year Standard Fixed Account Options are offered. 100 PROSPECTUS

APPENDIX B - MARKET VALUE ADJUSTMENT - -------------------------------------------------------------------------------- The Market Value Adjustment is based on the following: I = the Treasury Rate for a maturity equal to the term length of the Guarantee Period Account for the week preceding the establishment of the Market Value Adjusted Fixed Guarantee Period Account; J = the Treasury Rate for a maturity equal to the term length of the Market Value Adjusted Fixed Guarantee Period Account for the week preceding the date amounts are transferred or withdrawn from the Market Value Adjusted Fixed Guarantee Period Account, the date we determine the Death Proceeds, or the Payout Start Date, as the case may be ("Market Value Adjustment Date"). N = the number of whole and partial years from the Market Value Adjustment Date to the expiration of the term length of the Market Value Adjusted Fixed Guarantee Period Account. Treasury Rate means the U.S. Treasury Note Constant Maturity yield as reported in Federal Reserve Board Statistical Release H.15. If such yields cease to be available in Federal Reserve Board Statistical Release H.15, then we will use an alternate source for such information in our discretion. The Market Value Adjustment factor is determined from the following formula: .9 X [I-(J + .0025)] X N To determine the Market Value Adjustment, we will multiply the Market Value Adjustment factor by the amount transferred, withdrawn, paid as Death Proceeds, or applied to an Income Plan from a Market Value Adjusted Fixed Guarantee Period Account at any time other than during the 30 day period after such Guarantee Period Account expires. NOTE: These examples assume that premium taxes are not applicable. EXAMPLES OF MARKET VALUE ADJUSTMENT $10,000 allocated to a Market Value Adjusted Fixed Guarantee Purchase Payment: Period Account Guarantee Period: 5 years Interest Rate: 4.50% Full Withdrawal: End of Contract Year 3 Contract: Allstate Advisor* EXAMPLE 1: (ASSUMES DECLINING INTEREST RATES) Step 1: Calculate Contract Value at = $10,000.00 X (1.045) /3/ = $11,411.66 End of Contract Year 3: Step 2: Calculate the Free = .15 X $10,000 = $1500 Withdrawal Amount: Step 3: Calculate the Withdrawal = .06 X ($10,000 - $1,500) = $510 Charge: Step 4: Calculate the Market Value I = 4.50% Adjustment: J = 4.20% 730 DAYS N = -------- = 2 365 DAYS Market Value Adjustment Factor: .9 X [I - (J + .0025)] X N = .9 X [.045 - (.042 + .0025)] X 2 = .0009 Market Value Adjustment = Market Value Adjustment Factor X Amount Subject To Market Value Adjustment: = .0009 X $11,411.66 = $10.27 Step 5: Calculate the amount = $11,411.66 - $510 + $10.27 = $10,911.93 received by Contract owner as a result of full withdrawal at the end of Contract Year 3: 101 PROSPECTUS

EXAMPLE 2: (ASSUMES RISING INTEREST RATES) Step 1: Calculate Contract Value at End of Contract Year 3: = $10,000.00 X (1.045) /3/ = $11,411.66 Step 2: Calculate The Free Withdrawal Amount: = .15 X $10,000 = $1,500 Step 3: Calculate the Withdrawal Charge: = 0.6 X ($10,000 - $1,500) = $510 Step 4: Calculate the Market Value Adjustment: I = 4.50% J = 4.80% 730 DAYS N = ----------- = 2 365 DAYS Market Value Adjustment Factor: .9 X [I - (J + .0025)] X N = .9 X [(.045 - (.048 + .0025)] X (2) = -.0099 Market Value Adjustment = Market Value Adjustment Factor X Amount Subject To Market Value Adjustment: = -.0099 X $11,411.66 = -($112.98) Step 5: Calculate the amount received by Contract owner as a = $11,411.66 - $510 - $112.98 = $10,788.68 result of full withdrawal at the end of Contract Year 3: *These examples assume the election of the ALLSTATE ADVISOR CONTRACT for the purpose of illustrating the Market Value Adjustment calculation. The amounts would be different under ALLSTATE ADVISOR PLUS and ALLSTATE ADVISOR PREFERRED CONTRACTS, which have different expenses and withdrawal charges. 102 PROSPECTUS

APPENDIX C EXAMPLE OF CALCULATION OF INCOME PROTECTION BENEFIT - -------------------------------------------------------------------------------- Appendix C illustrates how we calculate the amount guaranteed under the Income Protection Benefit Option. Please remember that you are looking at an example only. Please also remember that the Income Protection Benefit Option may only be added to Income Plans 1 and/or 2, and only to those Income Plans for which you have selected variable income payments. To illustrate the calculation of the amount guaranteed under the Income Protection Benefit Option, we assume the following: Adjusted age of Annuitant on the Payout Start 65 Date: - ------------------------------------------------------------------------------- Sex of Annuitant: male - ------------------------------------------------------------------------------- Income Plan selected: 1 - ------------------------------------------------------------------------------- Payment frequency: monthly - ------------------------------------------------------------------------------- Amount applied to variable income payments under $100,000.00 the Income Plan: - ------------------------------------------------------------------------------- The example assumes that the withdrawal charge period has expired for all purchase payments. In accordance with the terms of the Contract, the following additional assumptions apply: Assumed investment rate: 3% - ------------------------------------------------------------------------------- Guaranteed minimum variable income 85% of the initial variable amount income payment: value - ------------------------------------------------------------------------------- STEP 1 - CALCULATION OF THE INITIAL VARIABLE AMOUNT INCOME VALUE: Using the assumptions stated above, the initial monthly income payment is $5.49 per $1,000 applied to variable income payments under Income Plan 1. Therefore, the initial variable amount income value = $100,000 X $5.49/1000 = $549.00. STEP 2 - CALCULATION OF THE AMOUNT GUARANTEED UNDER THE INCOME PROTECTION BENEFIT OPTION: guaranteed minimum variable income payment = 85% X initial variable amount income value = 85% X $549.00 = $466.65. STEP 3 - ILLUSTRATION OF THE EFFECT OF THE MINIMUM PAYMENT GUARANTEE UNDER THE INCOME PROTECTION BENEFIT OPTION: If in any month your variable income payments would fall below the amount guaranteed under the Income Protection Benefit Option, your payment for that month will equal the guaranteed minimum variable income payment. For example, you would receive $466.65 even if the amount of your monthly income payment would have been less than that as a result of declining investment experience. On the other hand, if your monthly income payment is greater than the minimum guaranteed $466.65, you would receive the greater amount. 103 PROSPECTUS

APPENDIX D WITHDRAWAL ADJUSTMENT EXAMPLE - INCOME BENEFITS* - -------------------------------------------------------------------------------- Issue Date: January 1, 2003 Initial Purchase Payment: $50,000 (For Allstate Advisor Plus Contracts, assume a $2,000 Credit Enhancement would apply assuming issue age 85 or younger (a $1,000 Credit Enhancement would apply assuming issue age 86-90)) Income Benefit Amount 5% Roll-Up Value ---------------------------- Beginning Contract Maximum Type of Contract Transaction Value After Anniversary Advisor and Date Occurrence Value Amount Occurrence Value Preferred Plus - ------------------------------------------------------------------------------------------------------------- 1/1/04 Contract Anniversary $55,000 _ $55,000 $55,000 $52,500 $54,600 - ------------------------------------------------------------------------------------------------------------ 7/1/04 Partial Withdrawal $60,000 $15,000 $45,000 $41,250 $40,1176 $41,859 - ------------------------------------------------------------------------------------------------------------ The following shows how we compute the adjusted income benefits in the example above. Please note that the withdrawal adjustment reduces the Maximum Anniversary Value by the same proportion as the withdrawal reduces the Contract Value. The withdrawal adjustment reduces the 5% Roll-Up Value part dollar-for-dollar and part proportionally. Advisor and Preferred Plus - ------------------------------------------------------------------------------------------------- MAXIMUM ANNIVERSARY VALUE INCOME BENEFIT - ------------------------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 $15,000 - ------------------------------------------------------------------------------------------------- Contract Value Immediately Prior to (b) $60,000 $60,000 Partial Withdrawal - ------------------------------------------------------------------------------------------------- Value of Income Benefit Amount (c) $55,000 $55,000 Immediately Prior to Partial Withdrawal - ------------------------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,750 $13,750 - ------------------------------------------------------------------------------------------------- Adjusted Income Benefit $41,250 $41,250 - ------------------------------------------------------------------------------------------------- 5 % ROLL-UP VALUE INCOME BENEFIT** - ------------------------------------------------------------------------------------------------- Total Partial Withdrawal Amount (a) $15,000 $15,000 - ------------------------------------------------------------------------------------------------- STEP I - DOLLAR FOR DOLLAR PORTION - ------------------------------------------------------------------------------------------------- Contract Value Immediately Prior to (b) $60,000 $60,000 Partial Withdrawal - ------------------------------------------------------------------------------------------------- Value of Income Benefit Amount Immediately Prior to Partial Withdrawal (assumes 181 days worth of interest on (c) $53,786 $55,937 $52,500 and $54,600, respectively) - ------------------------------------------------------------------------------------------------- Partial Withdrawal Amount (Corridor = 5% (d) $2,625 $2,730 of Roll-Up Value on 1/1/04) - ------------------------------------------------------------------------------------------------- Dollar for Dollar Withdrawal Adjustment (discounted for a half year's worth of (e)=(d) * 1.05^ -0.5 $2,562 $2,664 interest) - ------------------------------------------------------------------------------------------------- Contract Value After Step 1 (b')=(b) - (d) $57,375 $57,270 - ------------------------------------------------------------------------------------------------- Adjusted Income Benefit After Step 1 (c')=(c) - (e) $51,224 $53,273 - ------------------------------------------------------------------------------------------------- STEP 2 - PROPORTIONAL PORTION - ------------------------------------------------------------------------------------------------- Partial Withdrawal Amount (a')=(a) - (d) $12,375 $12,270 - ------------------------------------------------------------------------------------------------- Proportional Adjustment (a')/(b')*(c') $11,048 $11,414 - ------------------------------------------------------------------------------------------------- Contract Value After Step 2 (b') - (a') $45,000 $45,000 - ------------------------------------------------------------------------------------------------- Adjusted Income Benefit After Step 2 $40,176 $41,859 - ------------------------------------------------------------------------------------------------- * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values and Maximum Anniversary Value for all Contracts, net of applicable fees and charges. Actual income benefit amounts will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. **In certain states, the Roll-Up Value Income Benefit accumulates interest on a daily basis at a rate equivalent to 3% per year rather than 5%. If calculations assumed an interest rate of 3% per year, the adjusted income benefit would be lower. 104 PROSPECTUS

APPENDIX E WITHDRAWAL ADJUSTMENT EXAMPLE - DEATH BENEFITS* - -------------------------------------------------------------------------------- Issue Date: January 1, 2005 Initial Purchase Payment: $50,000 (For ALLSTATE ADVISOR PLUS CONTRACTS, assume a $2,000 Credit Enhancement would apply assuming issue age 85 or younger (a $1,000 Credit Enhancement would apply assuming issue age 86-90)) Death Benefit Amount -------Purchase----------------------------Enhanced-------- Payment Value Beneficiary Value** Beginning Contract ------------------------ Maximum ---------------------- Type of Contract Transaction Value After Advisor and Anniversary Advisor and Date Occurrence Value Amount Occurrence Preferred Plus Value Preferred Plus - ------------------------------------------------------------------------------------------------------------------------------- 1/1/06 Contract Anniversary $55,000 _ $55,000 $50,000 $52,000 $55,000 $52,500 $54,600 - ------------------------------------------------------------------------------------------------------------------------------- 7/1/06 Partial Withdrawal $60,000 $15,000 $45,000 $37,500 $39,000 $41,250 $40,339 $41,953 - ------------------------------------------------------------------------------------------------------------------------------- The following shows how we compute the adjusted death benefits in the example above. Please note that the withdrawal reduces the Purchase Payment Value, the Maximum Anniversary Value, and the Enhanced Beneficiary Value by the same proportion as the withdrawal reduces the Contract Value. Advisor and Preferred Plus - ------------------------------------------------------------------------------------------------ PURCHASE PAYMENT VALUE DEATH BENEFIT - ------------------------------------------------------------------------------------------------ Partial Withdrawal Amount (a) $15,000 $15,000 - ------------------------------------------------------------------------------------------------ Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 $60,000 - ------------------------------------------------------------------------------------------------ Value of Death Benefit Amount Immediately Prior to (c) $50,000 $52,000 Partial Withdrawal - ------------------------------------------------------------------------------------------------ Withdrawal Adjustment [(a)/(b)]*(c) $12,500 $13,000 - ------------------------------------------------------------------------------------------------ Adjusted Death Benefit $37,500 $39,000 - ------------------------------------------------------------------------------------------------ MAV DEATH BENEFIT - ------------------------------------------------------------------------------------------------ Partial Withdrawal Amount (a) $15,000 $15,000 - ------------------------------------------------------------------------------------------------ Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 $60,000 - ------------------------------------------------------------------------------------------------ Value of Death Benefit Amount Immediately Prior to (c) $55,000 $55,000 Partial Withdrawal - ------------------------------------------------------------------------------------------------ Withdrawal Adjustment [(a)/(b)]*(c) $13,750 $13,750 - ------------------------------------------------------------------------------------------------ Adjusted Death Benefit $41,250 $41,250 - ------------------------------------------------------------------------------------------------ ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) BENEFIT** - ------------------------------------------------------------------------------------------------ Partial Withdrawal Amount (a) $15,000 $15,000 - ------------------------------------------------------------------------------------------------ Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 $60,000 - ------------------------------------------------------------------------------------------------ Value of Death Benefit Amount Immediately Prior to Partial Withdrawal (assumes 181 days worth of interest (c) $53,786 $55,937 on $52,500 and $54,600, respectively) - ------------------------------------------------------------------------------------------------ Withdrawal Adjustment [(a)/(b)]*(c) $13,446 $13,984 - ------------------------------------------------------------------------------------------------ Adjusted Death Benefit $40,339 $41,953 - ------------------------------------------------------------------------------------------------ * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values and Maximum Anniversary Value for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. **Calculations for the Enhanced Beneficiary Protection (Annual Increase) Benefit assume that interest accumulates on a daily basis at a rate equivalent to 5% per year. In certain states, the Benefit provides for interest that accumulates at a rate of 3% per year. If calculations assumed an interest rate of 3% per year, the adjusted death benefit would be lower. 105 PROSPECTUS

APPENDIX F CALCULATION OF EARNINGS PROTECTION DEATH BENEFIT* - -------------------------------------------------------------------------------- The following are examples of the Earnings Protection Death Benefit Option. For illustrative purposes, the examples assume Earnings in each case. Please remember that you are looking at examples and that your investment performance may be greater or lower than the figures shown. EXAMPLE 1: ELECTED WHEN CONTRACT WAS ISSUED WITHOUT ANY SUBSEQUENT ADDITIONS OR WITHDRAWALS In this example, assume that the oldest Contract Owner is age 55 on the Rider Application Date and elects the Earnings Protection Death Benefit Option when the Contract is issued. The Contract Owner makes an initial purchase payment of $100,000. After four years, the Contract Owner dies. On the date Allstate Life receives a Complete Request for Settlement, the Contract Value is $125,000. Prior to his death, the Contract Owner did not make any additional purchase payments or take any withdrawals. Excess of Earnings Withdrawals = $0 Purchase Payments in the 12 months prior to = $0 death In-Force Premium = $100,000 ($100,000 + $0 - $0) In-Force Earnings = $25,000 ($125,000 - $100,000) EARNINGS PROTECTION DEATH BENEFIT** = 40 % * $25,000 = $10,000 Since In-Force Earnings are less than 100% of the In-Force Premium (excluding purchase payments and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($6,250.00). EXAMPLE 2: ELECTED WHEN CONTRACT WAS ISSUED WITH SUBSEQUENT WITHDRAWALS In this example, assume the same facts as above, except that the Contract Owner has taken a withdrawal of $10,000 during the second year of the Contract. Immediately prior to the withdrawal, the Contract Value is $105,000. Here, $5,000 of the withdrawal is in excess of the In-Force Earnings at the time of the withdrawal. The Contract Value on the date Allstate Life receives a Complete Request for Settlement will be assumed to be $114,000. Excess of Earnings Withdrawals = $5,000 ($10,000-$5,000) Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $95,000 ($100,000+$0-$5,000) In-Force Earnings = $19,000 ($114,000-$95,000) EARNINGS PROTECTION DEATH BENEFIT** = 40%*$19,000=$7,600 Since In-Force Earnings are less than 100% of the In-Force Premium (excluding purchase payments and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts 106 PROSPECTUS

will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($4,750.00). EXAMPLE 3: ELECTED AFTER CONTRACT WAS ISSUED WITH SUBSEQUENT ADDITIONS AND WITHDRAWALS This example is intended to illustrate the effect of adding the Earnings Protection Death Benefit Option after the Contract has been issued and the effect of later purchase payments. In this example, assume that the oldest Contract Owner is age 72 on the Rider Application Date. At the time the Contract is issued, the Contract Owner makes a purchase payment of $100,000. After two years pass, the Contract Owner elects to add the Earnings Protection Death Benefit Option. On the date this Rider is added, the Contract Value is $110,000. Two years later, the Contract Owner withdraws $50,000. Immediately prior to the withdrawal, the Contract Value is $130,000. Another two years later, the Contract Owner makes an additional purchase payment of $40,000. Immediately after the additional purchase payment, the Contract Value is $130,000. Two years later, the Contract Owner dies with a Contract Value of $140,000 on the date Allstate Life receives a Complete Request for Settlement. Excess of Earnings Withdrawals = $30,000 ($50,000-$20,000) Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $120,000 ($110,000+$40,000-$30,000) In-Force Earnings = $20,000 ($140,000-$120,000) EARNINGS PROTECTION DEATH BENEFIT** = 25%*$20,000=$5,000 In this example, In-Force Premium is equal to the Contract Value on Rider Application Date plus the additional purchase payment and minus the Excess-of-Earnings Withdrawal. Since In-Force Earnings are less than 50% of the In-Force Premium (excluding purchase payments and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS in the 12 months prior to death ), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. **If the oldest Contract Owner or Annuitant had been age 70 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 40% of the In-Force Earnings ($8,000.00) and Credit Enhancement for ALLSTATE ADVISOR PLUS CONTRACT. EXAMPLE 4: SPOUSAL CONTINUATION This example is intended to illustrate the effect of a surviving spouse electing to continue the Contract upon the death of the Contract Owner on a Contract with the Earnings Protection Death Benefit Option. In this example, assume that the oldest Contract Owner is age 60 at the time the Contract is purchased (with the Earnings Protection Death Benefit Option and MAV Death Benefit Option) with a $100,000 purchase payment. Five years later the Contract Owner dies 107 PROSPECTUS

and the surviving spouse elects to continue the Contract. The Contract Value and Maximum Anniversary Value at this time are $150,000 and $160,000, respectively. Excess of Earnings Withdrawals = $0 Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $100,000 ($100,000+$0-$0) In-Force Earnings = $50,000 ($150,000-$100,000) EARNINGS PROTECTION DEATH BENEFIT** = 40%*$50,000=$20,000 Contract Value = $150,000 Death Benefit = $160,000 Earnings Protection Death Benefit = $20,000 Continuing Contract Value = $180,000 ($160,000+$20,000) Since In-Force Earnings are less than 100% of the In-Force Premium (excluding purchase payments and Credit Enhancements for ALLSTATE ADVISOR PLUS CONTRACTS in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. Assume the surviving spouse is age 72 when the Contract is continued. At this time, the surviving spouse has the option to continue the Earnings Protection Death Benefit Option at an additional mortality and expense risk charge of 0.40% and with an In-Force Premium amount equal to the Contract Value and the Rider Date reset to the date the Contract is continued. If this selection is made, the Earnings Protection Death Benefit will be equal to the lesser of 25% of the In-Force Earnings and 50% of In-Force Premium. Otherwise, the surviving spouse may elect to terminate the Earnings Protection Death Benefit Option at the time of continuation. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values and Maximum Anniversary Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. **If the oldest Contract Owner or Annuitant had been over age 70 , and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($12,500.00). 108 PROSPECTUS

APPENDIX G - WITHDRAWAL ADJUSTMENT EXAMPLE - TRUERETURN ACCUMULATION BENEFIT* - -------------------------------------------------------------------------------- Issue Date: January 2, 2005 Initial Purchase Payment: $50,000 (For ALLSTATE ADVISOR PLUS CONTRACTS, assume a $2,000 Credit Enhancement would apply assuming issue age 85 or younger (a $1,000 Credit Enhancement would apply assuming issue age 86-90)) Initial Benefit Base: $50,000 for ALLSTATE ADVISOR AND ALLSTATE ADVISOR PREFERRED CONTRACTS, $52,000 for ALLSTATE ADVISOR PLUS CONTRACTS (assuming issue age 85 or younger) Benefit Base ------Purchase-------- Payment Value Beginning Contract ---------------------- Type of Contract Transaction Value After Advisor and Date Occurrence Value Amount Occurrence Preferred Plus - -------------------------------------------------------------------------------------------- 1/2/06 Contract Anniversary $55,000 _ $55,000 $50,000 $52,000 - -------------------------------------------------------------------------------------------- 7/2/06 Partial Withdrawal $60,000 $15,000 $45,000 $37,500 $39,000 - -------------------------------------------------------------------------------------------- The following shows how we compute the adjusted Benefit Bases in the example above. Please note that the withdrawal reduces the Benefit Base by the same proportion as the withdrawal reduces the Contract Value. Advisor and Preferred Plus - ------------------------------------------------------------------------------------------------ BENEFIT BASE - ------------------------------------------------------------------------------------------------ Partial Withdrawal Amount (a) $15,000 $15,000 - ------------------------------------------------------------------------------------------------ Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 $60,000 - ------------------------------------------------------------------------------------------------ Value of Benefit Base Immediately Prior to Partial (c) $50,000 $52,000 Withdrawal - ------------------------------------------------------------------------------------------------ Withdrawal Adjustment [(a)/(b)]*(c) $12,500 $13,000 - ------------------------------------------------------------------------------------------------ Adjusted Benefit Base $37,500 $39,000 - ------------------------------------------------------------------------------------------------ * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values, net of applicable fees and charges for all Contracts. Actual Contract Values will differ due to the different fees and charges under each Contract and the Credit Enhancement available under the ALLSTATE ADVISOR PLUS CONTRACT. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. 109 PROSPECTUS

APPENDIX H-SUREINCOME WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Advisor contract with a $100,000 initial purchase payment and add the SureIncome Option at issue. Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $8,000, which is 8% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $8,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Example 2: Assume Example 1 is continued and an additional purchase payment of - --------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $11,200, which is your prior Benefit Payment ($8,000) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $11,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($8,000) plus 8% of your additional purchase payment ($40,000). Example 3: Assume Example 1 is continued and a withdrawal of $8,000 is made - --------- during the first Benefit Year. The Benefit Base is reduced to $92,000, which is your prior Benefit Base ($100,000) less your withdrawal ($8,000). The Benefit Payment is unchanged and remains $8,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($8,000) less your withdrawal ($8,000). Example 4: Assume example 1 is continued and a withdrawal of $25,000 is made - --------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment remains $8,000, determined by the following calculation: the lesser of ($8,000) and (8% X ($130,000-$25,000))=$8,000 There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Example 5: Assume example 3 is continued and an additional withdrawal of $5,000 - --------- is taken in the same year (the first Benefit Year). Assume the Contract Value prior to the additional withdrawal was $60,000. Because the $5,000 withdrawal is larger than the Benefit Payment Remaining ($0), the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($92,000 - $5,000)=$55,000. The Benefit Payment is reduced to $4,400, determined by the following formula: the lesser of ($8,000) and ((8% X ($60,000-$5,000))=$4,400. The Benefit Payment Remaining is unchanged at $0. Example 6: Assume example 5 is continued and an additional Purchase Payment of - --------- 40,000 is made in the same year (the first Benefit Year). The Benefit Base is increased to $95,000, which is your prior Benefit Base ($55,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $7,600, which is your prior Benefit Payment ($4,400) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $3,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($0) plus 8% of your additional purchase payment ($40,000). 110 PROSPECTUS

Example 7: Assume example 6 is continued and an additional withdrawal of $3,200 - --------- is taken in the same year (the first Benefit Year). The Benefit Base is reduced to $91,800, which is your prior Benefit Base ($95,000) less your withdrawal ($3,200). The Benefit Payment is unchanged and remains $7,600. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($3,200) less your withdrawal ($3,200). 111 PROSPECTUS

APPENDIX I-SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Advisor contract with a $100,000 - ---------- initial purchase payment and add the SureIncome Plus Option at issue. Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your SureIncome ROP Death Benefit is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $8,000, which is 8% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $8,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $140,000, which is your prior SureIncome ROP Death Benefit ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $11,200, which is your prior Benefit Payment ($8,000) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $11,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($8,000) plus 8% of your additional purchase payment ($40,000). Example 3: Assume Example 1 is continued and a withdrawal of $8,000 is made - ---------- during the first Benefit Year. The Benefit Base is reduced to $92,000, which is your prior Benefit Base ($100,000) less your withdrawal ($8,000). The SureIncome ROP Death Benefit is reduced to $92,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($8,000). The Benefit Payment is unchanged and remains $8,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($8,000) less your withdrawal ($8,000). Example 4: Assume Example 1 is continued and a withdrawal of $25,000 is made - ---------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment remains $8,000, determined by the following calculation: the lesser of ($8,000) and (8% X ($130,000-$25,000))=$8,000 There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. 112 PROSPECTUS

Example 5: Assume Example 3 is continued and an additional withdrawal of $5,000 - ---------- is taken in the same year (the first Benefit Year). Assume the Contract Value prior to the additional withdrawal was $60,000. Because the $5,000 withdrawal is larger than the Benefit Payment Remaining ($0), the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($92,000 - $5,000)=$55,000. The SureIncome ROP Death Benefit is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($92,000 - $5,000)=$55,000. The Benefit Payment is reduced to $4,400, determined by the following formula: the lesser of ($8,000) and ((8% X ($60,000-$5,000))=$4,400. The Benefit Payment Remaining is unchanged at $0. Example 6: Assume Example 5 is continued and an additional Purchase Payment of - ---------- 40,000 is made in the same year (the first Benefit Year). The Benefit Base is increased to $95,000, which is your prior Benefit Base ($55,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $95,000, which is your prior SureIncome ROP Death Benefit ($55,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $7,600, which is your prior Benefit Payment ($4,400) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $3,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($0) plus 8% of your additional purchase payment ($40,000). Example 7: Assume Example 6 is continued and an additional withdrawal of $3,200 - ---------- is taken in the same year (the first Benefit Year). The Benefit Base is reduced to $91,800, which is your prior Benefit Base ($95,000) less your withdrawal ($3,200). The SureIncome ROP Death Benefit is reduced to $91,800, which is your prior SureIncome ROP Death Benefit ($95,000) less your withdrawal ($3,200). The Benefit Payment is unchanged, because the amount withdrawn does not exceed the Benefit Payment Remaining, and remains $7,600. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($3,200) less your withdrawal ($3,200). Example 8: Assume Example 1 is continued and on the first Contract Anniversary - ---------- the Contract Value prior to deduction of annual fees is $160,000. The SureIncome Plus Option Fee is $650, which is 0.65% X the Benefit Base ($100,000) prior to updating the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $159,350, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome Plus Option Fee is the only annual fee applicable). The Benefit Base is increased to $159,350, which is the greater of your current Benefit Base ($100,000) and the final Contract Value on the Contract Anniversary ($159,350). 113 PROSPECTUS

The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is increased to $12,748, which is the greater of your current Benefit Payment ($8,000) and 8% X the final Contract Value on the Contract Anniversary ($159,350). The Benefit Payment Remaining is updated to $12,748, which is the Benefit Payment on the Contract Anniversary. Example 9: Assume Example 8 is continued, no withdrawals or purchase payments - ---------- are applied during the second Contract Year and on the second Contract Anniversary the Contract Value prior to deduction of annual fees is $60,000. The SureIncome Plus Option Fee is $1,035.78, which is 0.65% X the Benefit Base ($159,350) prior to updating the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $58,964.22, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome Plus Option Fee is the only annual fee applicable). The Benefit Base remains $159,350, which is the greater of your current Benefit Base ($159,350) and the final Contract Value on the Contract Anniversary ($58,964.22). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is remains $12,748, which is the greater of your current Benefit Payment $12,748 and 8% X the final Contract Value on the Contract Anniversary ($58,964.22). The Benefit Payment Remaining is updated to $12,748, which is the Benefit Payment on the Contract Anniversary. 114 PROSPECTUS

APPENDIX J-SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Advisor contract with $100,000 - ---------- initial purchase payment, are attained age 55 at issue, and add the SureIncome For Life Option at issue (you are the SureIncome Covered Life). Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your SureIncome ROP Death Benefit is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $4,000, which is 4% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $4,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Note: The Benefit Payment remains $4,000 until you turn age 60 (as long as the Contract Value on any of the prior Contract Anniversaries have not caused any of the guarantees under the Option to be updated). At that point, if no withdrawals have been taken, your Benefit Payment & Benefit Payment Remaining are updated to 5% X current Benefit Base ($5,000 = 5% X $100,000, assuming your Benefit Base is still $100,000). Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $140,000, which is your prior SureIncome ROP Death Benefit ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $5,600, which is your prior Benefit Payment ($4,000) plus 4% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $5,600, which is your prior Benefit Payment Remaining ($4,000) plus 4% of your additional purchase payment ($40,000). Note: The Benefit Payment remains $5,600 until you turn age 60 (for the purposes of this example it is assumed the maximum anniversary value on any of the prior Contract Anniversaries has not increased the Benefit Payment). At that point, if no withdrawals have been taken, your Benefit Payment & Benefit Payment Remaining are updated to 5% X current Benefit Base ($7,000 = 5% X $140,000, assuming your Benefit Base is still $140,000). Example 3a: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $4,000, is made during the first Benefit Year. The Benefit Base is reduced to $96,000, which is your prior Benefit Base ($100,000) less your withdrawal ($4,000). The SureIncome ROP Death Benefit is reduced to $96,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($4,000). The Benefit Payment is unchanged and remains $4,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($4,000) less your withdrawal ($4,000). Note: The Withdrawal Benefit Factor is locked at 4% because the age at first withdrawal is age 55. 115 PROSPECTUS

Example 3b: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $5,000, is made during the sixth Benefit Year and you have attained age 60 (assume the Contract Values have not increased any SureIncome For Life Option guarantees on any prior Contract Anniversaries). The Benefit Base is reduced to $95,000, which is your prior Benefit Base ($100,000) less your withdrawal ($5,000). The SureIncome ROP Death Benefit is reduced to $95,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($5,000). Because the first withdrawal occurs at attained age 60, the Benefit Payment and Benefit Payment Remaining prior to the withdrawal are updated to 5% X current Benefit Base (5% X $100,000 = $5,000). The Benefit Payment remains $5,000 after withdrawal. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($5,000) less your withdrawal ($5,000). Note: The Withdrawal Benefit Factor is locked at 5% because the age at first withdrawal is age 60. Example 3c: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $6,000, is made during the sixteenth Benefit Year and you have attained age 70 (assume the Contract Values have not increased any SureIncome For Life Option guarantees on any prior Contract Anniversaries). The Benefit Base is reduced to $94,000, which is your prior Benefit Base ($100,000) less your withdrawal ($6,000). The SureIncome ROP Death Benefit is reduced to $94,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($6,000). Because the first withdrawal occurs at attained age 70, the Benefit Payment and Benefit Payment Remaining prior to the withdrawal are updated to 6% X current Benefit Base (6% X $100,000 = $6,000). The Benefit Payment remains $6,000 after withdrawal. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($6,000) less your withdrawal ($6,000). Note: The Withdrawal Benefit Factor is locked at 6% because the age at first withdrawal is age 70. Example 4a: Assume Example 1 is continued and a withdrawal of $25,000 is made - ----------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment is reduced to $3,000, determined by the following calculation: the lesser of ($4,000) and (4% X $75,000)=$3,000. There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Note: The Withdrawal Benefit Factor is locked at 4% because the age at first withdrawal is age 55. 116 PROSPECTUS

Example 4b: Assume Example 1 is continued and a withdrawal of $25,000 is made - ----------- during the sixth Benefit Year (assume the Contract Values have not increased any SureIncome For Life Option guarantees on any prior Contract Anniversaries). Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. Because the first withdrawal occurs at attained age 60, the Benefit Payment and Benefit Payment Remaining prior to the withdrawal are updated to 5% X current Benefit Base prior to the withdrawal (5% X $100,000 = $5,000). The Benefit Payment is reduced to $3,750, determined by the following calculation: the lesser of ($5,000) and (5% X $75,000)=$3,750. There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Note: The Withdrawal Benefit Factor is locked at 5% because the age at first withdrawal is age 60. Example 5: Assume Example 3a is continued and an additional withdrawal of - ---------- $5,000 is taken in the same year (the first Benefit Year). Assume the Contract Value prior to the additional withdrawal was $60,000. Because the $5,000 withdrawal is larger than the Benefit Payment Remaining ($0), the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($96,000 - $5,000)=$55,000. The SureIncome ROP Death Benefit is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($96,000 - $5,000)=$55,000. The Benefit Payment is reduced to $2,200, determined by the following formula: the lesser of ($4,000) and (4% X $55,000)=$2,200. Example 6: Assume Example 5 is continued and an additional Purchase Payment of - ---------- 40,000 is made in the same year (the first Benefit Year). The Benefit Base is increased to $95,000, which is your prior Benefit Base ($55,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $95,000, which is your prior SureIncome ROP Death Benefit ($55,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $3,800, which is your prior Benefit Payment ($2,200) plus 4% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $1,600, which is your Benefit Payment Remaining prior to your additional purchase payment ($0) plus 4% of your additional purchase payment ($40,000). Example 7: Assume Example 6 is continued and an additional withdrawal of $1,600 - ---------- is taken in the same year (the first Benefit Year). 117 PROSPECTUS

The Benefit Base is reduced to $93,400, which is your prior Benefit Base ($95,000) less your withdrawal ($1,600). The SureIncome ROP Death Benefit is reduced to $93,400, which is your prior SureIncome ROP Death Benefit ($95,000) less your withdrawal ($1,600). The Benefit Payment is unchanged and remains $3,800. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($1,600) less your withdrawal ($1,600). Example 8: Assume Example 1 is continued and on the first Contract Anniversary - ---------- the Contract Value prior to deduction of annual fees is $160,000. The SureIncome For Life Option Fee is $650, which is 0.65% X the Benefit Base ($100,000) prior to updating the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $159,350, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome For Life Option Fee is the only annual fee applicable). The Benefit Base is increased to $159,350, which is the greater of your current Benefit Base ($100,000) and the final Contract Value on the Contract Anniversary ($159,350). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is increased to $6,374, which is the greater of your current Benefit Payment ($4,000) and 4% of the final Contract Value on the Contract Anniversary ($159,350). The Benefit Payment Remaining is updated to $6,374, which is the Benefit Payment on the Contract Anniversary. Note: The Benefit Payment remains $6,374 until you turn age 60 (as long as the Contract Values on any of the prior Contract Anniversaries have not caused any of the guarantees under the Option to be updated). At that point, if no withdrawals have been taken, your Benefit Payment and Benefit Payment Remaining are updated to 5% X current Benefit Base ($7,967.50 = 5% X $159,350, assuming your Benefit Base is still $159,350). Example 9: Assume Example 8 is continued, no withdrawals or purchase payments - ---------- are applied during the second Contract Year and on the second Contract Anniversary the Contract Value prior to deduction of annual fees is $60,000. The SureIncome For Life Option Fee is $1,035.78, which is 0.65% X the Benefit Base ($159,350) prior to updating for the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $58,964.22, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome For Life Option Fee is the only annual fee applicable). The Benefit Base is remains $159,350, which is the greater of your current Benefit Base ($159,350) and the final Contract Value on the Contract Anniversary ($58,964.22). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is remains $6,374, which is the greater of your current Benefit Payment $6,374 and 4% X the final Contract Value on the Contract Anniversary ($58,964.22). The Benefit Payment Remaining is updated to $6,374, which is the Benefit Payment on the Contract Anniversary. 118 PROSPECTUS

APPENDIX K- ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- Appendix K presents the Accumulation Unit Values and number of Accumulation Units outstanding for each Variable Sub-Account since the Variable Sub-Accounts were first offered under the Contracts. This Appendix includes Accumulation Unit Values representing the highest and lowest available combinations of Contract charges that affect Accumulation Unit Values for each Contract. The Statement of Additional Information, which is available upon request without charge, contains the Accumulation Unit Values for all other available combinations of Contract charges that affect Accumulation Unit Values for each Contract. Please contract us at 1-800-203-0068 to obtain a copy of the Statement of Additional Information. ALLSTATE ADVISOR CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, - ------------------------------------------------------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.860 $ 13.475 $ 14.713 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.860 $ 13.475 $ 14.713 $ 15.034 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 4,339 576,019 1,237,251 1,509,644 of Period - ------------------------------------------------------------------------------- 119 PROSPECTUS

FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.263 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.263 $ 11.297 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 550,454 2,186,987 of Period - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.533 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.533 $ 10.508 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 43,535 812,179 of Period - ------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 11.545 $ 15.641 $ 17.211 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.545 $ 15.641 $ 17.211 $ 17.803 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 882 21,349 21,824 21,130 of Period - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 11.235 $ 14.653 $ 17.899 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.235 $ 14.653 $ 17.899 $ 19.217 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 2,864 211,298 454,938 704,731 of Period - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.274 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.274 $ 10.385 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 268,158 454,107 of Period - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.333 $ 12.765 $ 14.192 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.333 $ 12.765 $ 14.192 $ 15.488 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 6,303 442,689 1,161,162 1,757,967 of Period - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 11.243 $ 16.979 $ 20.902 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.243 $ 16.979 $ 20.902 $ 26.292 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 112 43,987 127,960 215,039 of Period - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.484 $ 13.683 $ 16.009 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.484 $ 13.683 $ 16.009 $ 17.410 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 1,995 141,338 352,761 841,251 of Period - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.730 $ 12.969 $ 14.688 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.730 $ 12.969 $ 14.688 $ 14.052 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 1,065 27,419 28,702 29,443 of Period - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.920 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.920 $ 11.529 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 15,276 148,760 of Period - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.370 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.370 $ 10.371 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 81,198 533,540 of Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.904 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.904 $ 11.114 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 142,509 674,689 of Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.153 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.153 $ 11.518 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 16,581 103,190 of Period - ------------------------------------------------------------------------------- 120 PROSPECTUS

Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.136 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.136 $ 11.896 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 136,025 867,902 of Period - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.069 $ 12.468 $ 14.698 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.069 $ 12.468 $ 14.698 $ 16.248 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 1,697 147,767 230,665 310,149 of Period - ------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.706 $ 13.176 $ 14.280 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.706 $ 13.176 $ 14.280 $ 14.614 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 2,115 259,159 562,275 694,753 of Period - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.118 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.118 $ 10.221 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 16,015 198,046 of Period - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- $ 10.000 $ 12.323 $ 12.968 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 12.323 $ 12.968 $ 13.424 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- 250,178 723,531 1,303,079 of Period - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.157 $ 14.323 $ 16.808 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.157 $ 14.323 $ 16.808 $ 18.924 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 45 200,904 384,682 533,061 of Period - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.670 $ 13.039 $ 13.995 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.670 $ 13.039 $ 13.995 $ 14.092 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 1,293 199,763 512,385 642,887 of Period - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.186 $ 12.713 $ 13.696 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.186 $ 12.713 $ 13.696 $ 14.296 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 4,827 432,829 752,941 1,271,750 of Period - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.363 $ 14.755 $ 17.358 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.363 $ 14.755 $ 17.358 $ 18.799 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 944 156,683 294,993 490,871 of Period - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.560 $ 12.213 $ 13.072 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.560 $ 12.213 $ 13.072 $ 13.224 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 10,218 432,449 1,265,037 2,210,765 of Period - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.397 $ 12.510 $ 13.473 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.397 $ 12.510 $ 13.473 $ 14.227 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 46 27,406 100,508 225,972 of Period - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.807 $ 13.589 $ 14.904 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.807 $ 13.589 $ 14.904 $ 15.482 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 10,128 581,918 872,350 894,861 of Period - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 9.732 $ 11.373 $ 12.026 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.732 $ 11.373 $ 12.026 $ 13.438 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 4,020 87,288 143,322 121,045 of Period - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.750 $ 13.428 $ 14.652 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.750 $ 13.428 $ 14.652 $ 14.911 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 2,077 238,535 421,723 615,143 of Period - ------------------------------------------------------------------------------- 121 PROSPECTUS

Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.194 $ 10.507 $ 10.832 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.194 $ 10.507 $ 10.832 $ 10.945 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 10,364 486,154 887,522 1,526,481 of Period - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.613 $ 13.465 $ 15.444 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.613 $ 13.465 $ 15.444 $ 17.105 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 3,753 172,681 250,483 336,711 of Period - ------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.416 $ 13.072 $ 14.535 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.416 $ 13.072 $ 14.535 $ 15.611 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 3,968 94,549 111,067 170,882 of Period - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 9.993 $ 9.914 $ 9.851 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.993 $ 9.914 $ 9.851 $ 9.970 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 5,773 239,378 611,958 1,639,066 of Period - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.388 $ 13.580 $ 14.787 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.388 $ 13.580 $ 14.787 $ 16.056 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 2,917 115,558 110,548 99,940 of Period - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 11.214 $ 14.664 $ 16.708 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.214 $ 14.664 $ 16.708 $ 17.465 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 114 77,578 251,024 540,431 of Period - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.651 $ 13.177 $ 13.990 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.651 $ 13.177 $ 13.990 $ 14.502 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 5 56,293 84,821 82,817 of Period - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.524 $ 12.158 $ 12.986 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.524 $ 12.158 $ 12.986 $ 13.332 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 6,824 384,959 698,080 897,148 of Period - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 11.480 $ 14.145 $ 16.978 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.480 $ 14.145 $ 16.978 $ 18.197 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 377 50,148 84,872 74,344 of Period - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.381 $ 13.646 $ 15.976 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.381 $ 13.646 $ 15.976 $ 17.687 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 2,612 97,780 138,680 165,471 of Period - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.118 $ 12.475 $ 12.934 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.118 $ 12.475 $ 12.934 $ 13.494 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 8,458 496,984 797,854 889,274 of Period - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.153 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.153 $ 12.233 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 148,068 145,429 of Period - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.366 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.366 $ 11.681 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 214,722 1,023,815 of Period - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 9.418 $ 11.811 $ 12.448 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.418 $ 11.811 $ 12.448 $ 13.227 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 62 128,295 253,189 318,205 of Period - ------------------------------------------------------------------------------- 122 PROSPECTUS

Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.662 $ 13.437 $ 15.137 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.662 $ 13.437 $ 15.137 $ 16.394 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 3,897 400,708 755,669 1,052,880 of Period - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- $ 10.000 $ 10.000 $ 9.925 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 9.925 $ 10.036 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- 0 437,391 679,120 of Period - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 11.069 $ 13.960 $ 15.169 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.069 $ 13.960 $ 15.169 $ 16.791 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 33 23,912 159,393 269,922 of Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.989 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.989 $ 11.648 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 202,603 888,555 of Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.785 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.785 $ 12.319 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 242,720 220,659 of Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 10.760 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.760 $ 12.265 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 76,401 144,014 of Period - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- $ 10.000 $ 10.000 $ 11.131 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 11.131 $ 12.304 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- 0 130,721 391,691 of Period - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- -- -- Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- -- -- of Period - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- $ 10.000 $ 13.621 $ 15.993 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 13.621 $ 15.993 $ 17.821 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- 49,008 76,697 119,544 of Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.330 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.330 $ 12.560 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 226,309 209,221 of Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, -- -- $ 10.000 $ 11.323 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.323 $ 12.535 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End -- -- 123,762 227,659 of Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, $10.000 $ 10.710 $ 14.601 $ 19.611 Beginning of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.710 $ 14.601 $ 19.611 $ 22.602 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End 4,083 143,509 7,395 584,676 of Period - ------------------------------------------------------------------------------- * The Allstate Advisor Contracts were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Contracts on October 14, 2002, except for the Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account and Van Kampen UIF Small Company Growth, Class II Sub-Accounts which were first offered under the Contracts on May 1, 2003, the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class I Sub-Account and Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Accounts, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-- 123 PROSPECTUS

Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.10% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 124 PROSPECTUS

ALLSTATE ADVISOR CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, BOTH ADDED ON OR AFTER MAY 1, 2003, AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, --------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.698 $13.341 $14.434 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.341 $14.434 $14.615 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,763 5,784 5,058 - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.194 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.194 $11.126 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 119 1,886 - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.509 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.509 $10.389 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 60 1,272 - ------------------------------------------------------------------------------- 125 PROSPECTUS

FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.821 $15.485 $16.884 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $15.485 $16.884 $17.306 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.039 $14.507 $17.559 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.507 $17.559 $18.682 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 7,052 4,525 3,877 - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.211 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.211 $10.228 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 518 1,905 - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account --------------------------------- Accumulation Unit Value, Beginning of -- $10.599 $12.638 $13.923 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.638 $13.923 $15.057 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 12,747 12,480 13,367 - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.674 $16.810 $20.505 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $16.810 $20.505 $25.559 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 282 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.377 $13.547 $15.705 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.547 $15.705 $16.925 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 285 580 1,448 - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.583 $12.839 $14.409 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.839 $14.409 $13.660 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.895 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.895 $11.398 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 58 692 - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.347 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.347 $10.253 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 260 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.880 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.880 $10.988 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,259 1,565 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.127 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.127 $11.388 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 27 - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.110 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.110 $11.761 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,275 1,271 - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.337 $12.344 $14.419 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.344 $14.419 $15.795 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 678 677 834 - ------------------------------------------------------------------------------- 126 PROSPECTUS

Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.104 $13.045 $14.009 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.045 $14.009 $14.206 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 973 3,172 3,195 - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.095 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.095 $10.105 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $12.248 $12.772 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.248 $12.772 $13.100 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 33 1,597 838 - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.079 $14.181 $16.489 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.181 $16.489 $18.397 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 237 227 575 - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.727 $12.909 $13.729 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.909 $13.729 $13.698 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,353 4,420 4,804 - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.460 $12.586 $13.437 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.586 $13.437 $13.898 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,396 4,635 5,645 - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.710 $14.608 $17.029 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.608 $17.029 $18.275 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,493 1,308 1,603 - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.243 $12.091 $12.824 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.091 $12.824 $12.855 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 4,270 8,589 10,133 - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.748 $12.385 $13.218 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.385 $13.218 $13.831 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 116 2,636 - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.989 $13.454 $14.621 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.454 $14.621 $15.050 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,648 1,792 2,221 - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.230 $11.260 $11.798 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.260 $11.798 $13.063 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.861 $13.294 $14.374 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.294 $14.374 $14.495 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,125 4,411 3,459 - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.352 $10.403 $10.626 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.403 $10.626 $10.639 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,859 10,273 11,645 - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.571 $13.331 $15.151 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.331 $15.151 $16.628 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,933 1,561 1,446 - ------------------------------------------------------------------------------- 127 PROSPECTUS

Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.688 $12.942 $14.259 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.942 $14.259 $15.176 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 417 3,302 2,975 - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.933 $ 9.815 $ 9.664 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 9.815 $ 9.664 $ 9.692 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 158 7,242 8,142 - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.975 $13.445 $14.506 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.445 $14.506 $15.609 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 196 489 82 - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.317 $14.518 $16.391 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.518 $16.391 $16.978 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 107 948 905 - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.837 $13.046 $13.725 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.046 $13.725 $14.098 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 124 580 619 - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.678 $12.037 $12.740 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.037 $12.740 $12.960 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 4,283 5,947 4,812 - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.642 $14.004 $16.656 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.004 $16.656 $17.690 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 118 265 261 - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.794 $13.510 $15.673 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.510 $15.673 $17.194 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 434 969 524 - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.574 $12.351 $12.688 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.351 $12.688 $13.118 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 5,778 2,080 2,864 - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.084 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.084 $12.047 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,694 1,655 - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.297 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.297 $11.505 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 232 - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.925 $11.693 $12.212 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.693 $12.212 $12.858 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,278 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.775 $13.304 $14.850 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.304 $14.850 $15.937 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,395 1,131 849 - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 9.835 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $ 9.835 $ 9.854 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 4,172 3,349 - ------------------------------------------------------------------------------- 128 PROSPECTUS

Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $12.285 $13.821 $14.881 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.821 $14.881 $16.322 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,477 1,382 - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.922 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.922 $11.472 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 222 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (Class I) (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.719 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.719 $12.133 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 388 407 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (Class II) (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.694 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.694 $12.080 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,255 1,700 - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $11.030 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $11.030 $12.081 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $13.538 $15.751 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.538 $15.751 $17.392 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,345 1,461 1,402 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (Class I) (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.260 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.260 $12.370 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,108 1,052 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (Class II) (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.254 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.254 $12.345 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,042 1,564 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account(5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.376 $14.455 $19.239 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.455 $19.239 $21.972 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,499 2,484 2,279 - ------------------------------------------------------------------------------- * The Allstate Advisor Contracts were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Allstate Advisor Contracts with the Earnings Protection Death Benefit Option, the MAV Death Benefit Option at 0.20%, and the Enhanced Beneficiary Protection (Annual Increase) Option at 0.30% on May 1, 2003, except for the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006.The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.00% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 129 PROSPECTUS

(2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 130 PROSPECTUS

ALLSTATE ADVISOR PLUS CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, --------------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.853 $ 13.425 $ 14.614 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.853 $ 13.425 $ 14.614 $ 14.888 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 903 204,532 239,720 216,067 Period - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.240 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.240 $ 11.240 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 20,529 107,691 Period - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.525 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.525 $ 10.468 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 5,010 53,966 Period - ------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.538 $ 15.583 $ 17.095 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.538 $ 15.583 $ 17.095 $ 17.630 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 290 12.,058 23,996 21,758 Period - ------------------------------------------------------------------------------- 131 PROSPECTUS

FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.228 $ 14.599 $ 17.778 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.228 $ 14.599 $ 17.778 $ 19.031 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,221 109,873 78,714 91,305 Period - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.253 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.253 $ 10.333 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 9,294 19,913 Period - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.327 $ 12.718 $ 14.097 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.327 $ 12.718 $ 14.097 $ 15.338 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 4,512 203,839 154,189 187,550 Period - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.236 $ 16.917 $ 20.762 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.236 $ 16.917 $ 20.762 $ 26.037 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 101 58,107 14,136 17,133 Period - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.477 $ 13.633 $ 15.902 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.477 $ 13.633 $ 15.902 $ 17.241 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,484 79,873 59,175 93,972 Period - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.723 $ 12.921 $ 14.589 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.723 $ 12.921 $ 14.589 $ 13.916 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,305 8,097 7,980 Period - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.912 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.912 $ 11.485 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 5,559 7,084 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.363 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.363 $ 10.332 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 5,743 42,214 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.896 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.896 $ 11.072 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,993 40,840 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.144 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.144 $ 11.475 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 268 7,646 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.127 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.127 $ 11.851 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,679 48,962 Period - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.063 $ 12.422 $ 14.600 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.063 $ 12.422 $ 14.600 $ 16.090 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 6 43,239 24,359 27,814 Period - ------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.699 $ 13.128 $ 14.184 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.699 $ 13.128 $ 14.184 $ 14.472 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 381 118,638 99,388 112,333 Period - ------------------------------------------------------------------------------- 132 PROSPECTUS

Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.110 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.110 $ 10.182 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 18 6,577 Period - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 12.298 $ 12.903 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 12.298 $ 12.903 $ 13.316 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 127,891 60,080 80,633 Period - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.150 $ 14.270 $ 16.695 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.150 $ 14.270 $ 16.695 $ 18.740 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,468 71,158 79,066 73,144 Period - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.663 $ 12.991 $ 13.901 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.663 $ 12.991 $ 13.901 $ 13.955 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 2,578 158,346 108,252 102,339 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.179 $ 12.666 $ 13.604 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.179 $ 12.666 $ 13.604 $ 14.157 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 776 331,015 209,165 230,257 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.356 $ 14.701 $ 17.242 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.356 $ 14.701 $ 17.242 $ 18.617 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,102 95,842 57,383 65,352 Period - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.553 $ 12.168 $ 12.984 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.553 $ 12.168 $ 12.984 $ 13.095 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 2,732 218,046 182,539 227,958 Period - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.390 $ 12.464 $ 13.383 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.390 $ 12.464 $ 13.383 $ 14.089 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 4 31,401 29,830 40,883 Period - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.800 $ 13.539 $ 14.804 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.800 $ 13.539 $ 14.804 $ 15.331 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 3,560 241,997 172,124 162,143 Period - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.726 $ 11.331 $ 11.945 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.726 $ 11.331 $ 11.945 $ 13.308 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,736 43,250 54,726 49,402 Period - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.743 $ 13.378 $ 14.554 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.743 $ 13.378 $ 14.554 $ 14.766 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 475 120,256 48,270 57,946 Period - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.187 $ 10.469 $ 10.759 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.187 $ 10.469 $ 10.759 $ 10.838 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 5,609 263,037 201,668 232,164 Period - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.606 $ 13.416 $ 15.341 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.606 $ 13.416 $ 15.341 $ 16.939 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 683 57,398 79,696 90,776 Period - ------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.409 $ 13.024 $ 14.437 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.409 $ 13.024 $ 14.437 $ 15.460 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 302 46,132 19,447 25,617 Period - ------------------------------------------------------------------------------- 133 PROSPECTUS

Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.987 $ 9.878 $ 9.785 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.987 $ 9.878 $ 9.785 $ 9.873 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 5,174 199,617 78,052 106,156 Period - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.381 $ 13.530 $ 14.687 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.381 $ 13.530 $ 14.687 $ 15.900 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 57,917 29,678 28,046 Period - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.206 $ 14.610 $ 16.596 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.206 $ 14.610 $ 16.596 $ 17.296 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,048 58,917 47,472 78,202 Period - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.644 $ 13.128 $ 13.896 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.644 $ 13.128 $ 13.896 $ 14.361 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 66 38,525 25,803 22,777 Period - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.517 $ 12.113 $ 12.899 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.517 $ 12.113 $ 12.899 $ 13.202 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 4,392 147,503 131,257 148,439 Period - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.472 $ 14.093 $ 16.864 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.472 $ 14.093 $ 16.864 $ 18.020 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 14.092 7,591 6,607 Period - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.374 $ 13.596 $ 15.869 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.374 $ 13.596 $ 15.869 $ 17.515 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 66 32,814 37,929 34,660 Period - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.111 $ 12.429 $ 12.847 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.111 $ 12.429 $ 12.847 $ 13.363 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 2,714 204,603 232,660 220,448 Period - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.130 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.130 $ 12.171 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 46,225 43,238 Period - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.343 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.343 $ 11.622 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 14,269 47,730 Period - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.412 $ 11.767 $ 12.365 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.412 $ 11.767 $ 12.365 $ 13.098 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 226 49,664 54,076 53,013 Period - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.655 $ 13.388 $ 15.035 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.655 $ 13.388 $ 15.035 $ 16.235 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 3,194 152,359 119,515 127,047 Period - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 10.000 $ 9.895 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 9.895 $ 9.975 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 66,137 118,151 Period - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.062 $ 13.908 $ 15.067 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.062 $ 13.908 $ 15.067 $ 16.627 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 21,280 16,192 18,091 Period - ------------------------------------------------------------------------------- 134 PROSPECTUS

Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.967 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.967 $ 11.589 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 16,162 29,002 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.763 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.763 $ 12.257 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 24,252 26,735 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.738 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.738 $ 12.203 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 9,011 10,641 Period - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 10.000 $ 11.098 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 11.098 $ 12.230 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 14,221 27,462 Period - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 13.593 $ 15.912 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 13.593 $ 15.912 $ 17.677 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 20,071 19,130 17,888 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.306 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.306 $ 12.497 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 58,610 51,537 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.300 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.300 $ 12.472 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 14,404 20,338 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.703 $ 14.547 $ 19.479 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.703 $ 14.547 $ 19.479 $ 22.382 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,077 58,906 58,603 68,172 Period - ------------------------------------------------------------------------------- * The Allstate Advisor Plus Contracts were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Contracts on October 14, 2002, except for the except for the Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account and Van Kampen UIF Small Company Growth, Class II Sub-Accounts which were first offered under the Contracts on May 1, 2003, the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.40% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. 135 PROSPECTUS

(3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 136 PROSPECTUS

ALLSTATE ADVISOR PLUS CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, BOTH ADDED ON OR AFTER MAY 1, 2003, AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, - ------------------------------------------------------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.680 $13.292 $14.336 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.292 $14.336 $14.472 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 794 1,584 1,014 - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.171 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.171 $11.069 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.501 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.501 $10.349 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 7,469 - ------------------------------------------------------------------------------- 137 PROSPECTUS

FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.801 $15.428 $16.770 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $15.428 $16.770 $17.137 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.021 $14.453 $17.440 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.453 $17.440 $18.498 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 5,633 5,461 5,412 - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.190 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.190 $10.176 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.581 $12.591 $13.829 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.591 $13.829 $14.909 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 404 0 - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.655 $16.748 $20.367 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $16.748 $20.367 $25.309 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 274 241 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.359 $13.497 $15.599 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.497 $15.599 $16.759 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 785 785 3,619 - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.563 $12.792 $14.312 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.792 $14.312 $13.526 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.887 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.887 $11.355 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.339 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.339 $10.214 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 3,358 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.871 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.871 $10.946 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.119 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.119 $11.344 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.102 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.102 $11.716 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 4,347 - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.319 $12.298 $14.322 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.298 $14.322 $15.640 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 4,939 4,736 4,663 - ------------------------------------------------------------------------------- 138 PROSPECTUS

Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.085 $12.997 $13.914 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.997 $13.914 $14.067 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 468 468 - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.087 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.087 $10.066 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $12.222 $12.707 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.222 $12.707 $12.994 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,319 3,573 - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.062 $14.128 $16.377 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.128 $16.377 $18.216 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 152 - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.708 $12.861 $13.636 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.861 $13.636 $13.564 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,096 3,274 3,612 - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.442 $12.540 $13.346 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.540 $13.346 $13.761 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,031 1,958 8,119 - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.692 $14.554 $16.914 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.554 $16.914 $18.096 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 715 1,046 2,028 - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.224 $12.046 $12.737 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.046 $12.737 $12.729 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 4,565 6,173 7,837 - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.730 $12.339 $13.128 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.339 $13.128 $13.695 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 750 - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.971 $13.404 $14.522 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.404 $14.522 $14.902 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 263 212 179 - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.213 $11.218 $11.718 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.218 $11.718 $12.935 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 116 96 80 - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.841 $13.245 $14.277 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.245 $14.277 $14.353 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 391 397 - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.335 $10.364 $10.554 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.364 $10.554 $10.535 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,290 2,104 7,068 - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.554 $13.282 $15.049 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.282 $15.049 $16.465 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 15,292 8,870 8,551 - ------------------------------------------------------------------------------- 139 PROSPECTUS

Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.670 $12,894 $14.163 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12,894 $14.163 $15.027 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.917 $ 9.779 $ 9.598 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 9.779 $ 9.598 $ 9.597 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,411 3,015 8,670 - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.957 $13.395 $14.408 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.395 $14.408 $15.456 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.298 $14.464 $16.280 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.464 $16.280 $16.812 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 12,046 13,910 15,326 - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.819 $12.997 $13.632 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.997 $13.632 $13.960 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.660 $11.992 $12.654 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.992 $12.654 $12.833 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,563 1,561 2,112 - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.455 $13.971 $16.543 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.971 $16.543 $17.516 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.776 $13.460 $15.567 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.460 $15.567 $17.025 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.557 $12.305 $12.603 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.305 $12.603 $12.989 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 813 915 0 - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.062 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.062 $11.986 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,030 1,030 - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.274 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.274 $11.446 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 2,787 - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.909 $11.650 $12.129 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.650 $12.129 $12.732 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 14,005 16,837 15,428 - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.757 $13.254 $14.749 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.254 $14.749 $15.781 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,676 2,467 5,528 - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 9.805 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $ 9.805 $ 9.793 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- 140 PROSPECTUS

Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $12.265 $13.770 $14.780 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.770 $14.780 $16.162 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.900 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.900 $11.413 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.697 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.697 $12.071 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 3,557 3,407 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.672 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.672 $12.018 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $10.996 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $10.996 $12.007 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $13.510 $15.670 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.510 $15.670 $17.250 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.237 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.237 $12.307 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,038 1,038 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.231 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.231 $12.282 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.357 $14.402 $19.109 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.402 $19.109 $21.756 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,467 2,258 2,395 - ------------------------------------------------------------------------------- * The Allstate Advisor Plus Contracts were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Allstate Advisor Plus Contracts with the Earnings Protection Death Benefit Option, the MAV Death Benefit Option at 0.20%, and the Enhanced Beneficiary Protection (Annual Increase) Option at 0.30% on May 1, 2003, except for the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.30% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as 141 PROSPECTUS

automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 142 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 5 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, ------------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.853 $13.425 $ 14.614 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.853 $13.425 $14.614 $ 14.888 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,895 31,028 68,823 79,315 Period - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.240 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.240 $ 11.240 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 22,636 258,448 Period - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.525 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.525 $ 10.468 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,153 106,672 Period - ------------------------------------------------------------------------------- 143 PROSPECTUS

FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $11.538 $15.583 $ 17.095 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.538 $15.583 $17.095 $ 17.630 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 2,120 1,457 1,685 Period - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $11.228 $14.599 $ 17.778 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.228 $14.599 $17.778 $ 19.031 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 17,710 32,091 56,409 Period - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.253 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.253 $ 10.333 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 4,788 36,809 Period - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.327 $12.718 $ 14.097 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.327 $12.718 $14.097 $ 15.338 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 51,247 89,468 195,874 Period - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $11.236 $16.917 $ 20.762 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.236 $16.917 $20.762 $ 26.037 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 4,338 10,936 24,121 Period - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.477 $13.633 $ 15.902 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.477 $13.633 $15.902 $ 17.241 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 10,738 24,545 131,380 Period - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.723 $12.920 $ 14.589 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.723 $12.920 $14.589 $ 13.916 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,921 1,995 2,561 2,729 Period - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.912 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.912 $ 11.485 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 2,680 19,434 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.363 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.363 $ 10.332 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,954 64,927 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.896 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.896 $ 11.072 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 7,786 66,461 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.144 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.144 $ 11.475 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 86 6,838 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.127 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.127 $ 11.851 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 2,907 88,785 Period - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.063 $12.422 $ 14.600 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.063 $12.422 $14.600 $ 16.090 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 8,483 22,403 30,987 Period - ------------------------------------------------------------------------------- 144 PROSPECTUS

Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.699 $13.128 $ 14.184 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.699 $13.128 $14.184 $ 14.472 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 14,806 25,039 40,359 Period - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.110 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.110 $ 10.182 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,900 19,950 Period - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $12.298 $ 12.903 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.298 $12.903 $ 13.316 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 16,293 62,821 119,313 Period - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.150 $14.270 $ 16.695 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.150 $14.270 $16.695 $ 18.740 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 4,146 18,071 21,315 Period - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.663 $12.991 $ 13.901 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.663 $12.991 $13.901 $ 13.955 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 11.846 41,186 48,901 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.179 $12.666 $ 13.604 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.179 $12.666 $13.604 $ 14.157 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,945 26,782 59,125 140,753 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.356 $14.701 $ 17.242 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.356 $14.701 $17.242 $ 18.617 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 14,941 25,485 41,748 Period - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.553 $12.168 $ 12.984 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.553 $12.168 $12.984 $ 13.095 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,928 41,097 77,772 191,974 Period - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.390 $12.464 $ 13.383 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.390 $12.464 $13.383 $ 14.089 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 8,988 14,779 22,697 Period - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.800 $14.093 $ 14.804 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.800 $14.093 $14.804 $ 15.331 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 2,112 49,986 53,041 Period - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.726 $11.331 $ 11.945 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.726 $11.331 $11.945 $ 13.308 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 978 1,958 2,147 Period - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.743 $13.378 $ 14.554 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.743 $13.378 $14.554 $ 14.766 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 20,709 39,241 58,158 Period - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.187 $10.469 $ 10.759 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.187 $10.469 $10.759 $ 10.838 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 33,742 65,425 153,673 Period - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.606 $13.416 $ 15.341 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.606 $13.416 $15.341 $ 16.939 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 16,560 23,536 34,205 Period - ------------------------------------------------------------------------------- 145 PROSPECTUS

Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.409 $13.024 $ 14.437 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.409 $13.024 $14.437 $ 15.460 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 4,222 5,134 14,206 Period - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.987 $ 9.878 $ 9.785 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.987 $ 9.878 $ 9.785 $ 9.873 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,503 25,745 132,095 Period - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.381 $13.530 $ 14.687 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.381 $13.530 $14.687 $ 15.900 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 4,646 4,607 4,534 Period - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $11.206 $14.610 $ 16.596 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.206 $14.610 $16.596 $ 17.296 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,413 9,332 52,908 Period - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.644 $13.128 $ 13.896 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.644 $13.128 $13.896 $ 14.361 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 2,239 4,387 4,597 Period - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.517 $12.113 $ 12.899 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.517 $12.113 $12.899 $ 13.202 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 24,540 64,309 58,344 Period - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $11.472 $14.093 $ 16.864 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.472 $14.093 $16.864 $ 18.020 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 2,112 5,170 5,057 Period - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.374 $13.596 $ 15.869 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.374 $13.596 $15.869 $ 17.515 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 9,417 15,619 12,925 Period - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.111 $12.429 $ 12.847 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.111 $12.429 $12.847 $ 13.363 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 44,440 54,946 71,627 Period - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.130 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.130 $ 12.171 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 5,000 9,550 Period - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.343 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.343 $ 11.622 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 29,089 104,771 Period - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.412 $11.767 $ 12.365 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.412 $11.767 $12.365 $ 13.098 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 4,800 16,427 35,171 Period - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.655 $13.388 $ 15.035 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.655 $13.388 $15.035 $ 16.235 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 16,041 55,062 97,713 Period - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 9.895 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $ 9.895 $ 9.975 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 23,867 76,491 Period - ------------------------------------------------------------------------------- 146 PROSPECTUS

Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $11.062 $13.908 $ 15.067 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.062 $13.908 $15.067 $ 16.627 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 2,511 7,583 20,297 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.967 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.967 $ 11.589 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 40,892 82,180 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.763 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.763 $ 12.257 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 7,291 6,860 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 10.738 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.738 $ 12.203 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 4,141 5,702 Period - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 11.098 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $11.098 $ 12.230 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 20,294 67,795 Period - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $13.593 $ 15.912 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.593 $15.912 $ 17.677 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 1,742 8,905 12,996 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.306 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.306 $ 12.497 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 17,454 18,097 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $ 11.300 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.300 $ 12.472 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 18,683 23,225 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $10.703 $14.547 $ 19.479 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.703 $14.547 $19.479 $ 22.382 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 10,341 25,715 34,738 Period - ------------------------------------------------------------------------------- * The Allstate Advisor Preferred Contracts with 5 Year Withdrawal Charge Option were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Contracts on October 14, 2002, except for the Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account and Van Kampen UIF Small Company Growth, Class II Sub-Accounts which were first offered under the Contracts on May 1, 2003, the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account,Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.40% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as 147 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 5 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, BOTH ADDED ON OR AFTER MAY 1, 2003, AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, --------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.680 $13.292 $14.336 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.292 $14.336 $14.472 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.171 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.171 $11.069 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- 149 PROSPECTUS

FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.501 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.501 $10.349 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 40 - ------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.801 $15.428 $16.770 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $15.428 $16.770 $17.137 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.021 $14.453 $17.440 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.453 $17.440 $18.498 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.190 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.190 $10.176 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- $ 0.000 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- $ 0.000 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- 0 - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.581 $12.591 $13.829 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.591 $13.829 $14.909 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.655 $16.748 $20.367 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $16.748 $20.367 $25.309 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.359 $13.497 $15.599 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.497 $15.599 $16.759 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.563 $12.792 $14.312 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.792 $14.312 $13.526 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.887 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.887 $11.355 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.339 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.339 $10.214 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.871 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.871 $10.946 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.119 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.119 $11.344 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.102 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.102 $11.716 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- 150 PROSPECTUS

Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.319 $12.298 $14.322 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.298 $14.322 $15.640 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.085 $12.997 $13.914 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.997 $13.914 $14.067 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.087 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.087 $10.066 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $12.222 $12.707 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.222 $12.707 $12.994 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.062 $14.128 $16.377 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.128 $16.377 $18.216 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.708 $12.861 $13.636 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.861 $13.636 $13.564 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.442 $12.540 $13.346 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.540 $13.346 $13.761 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 370 498 525 - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.692 $14.554 $16.914 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.554 $16.914 $18.096 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 321 428 213 - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.224 $12.046 $12.737 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.046 $12.737 $12.729 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.730 $12.339 $13.128 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.339 $13.128 $13.695 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.971 $13.404 $14.522 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.404 $14.522 $14.902 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.213 $11.218 $11.718 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.218 $11.718 $12.935 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.841 $13.245 $14.277 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.245 $14.277 $14.353 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.335 $10.364 $10.554 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.364 $10.554 $10.535 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- 151 PROSPECTUS

Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.554 $13.282 $15.049 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.282 $15.049 $16.465 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.670 $12.894 $14.163 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.894 $14.163 $15.027 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.917 $ 9.779 $ 9.598 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 9.779 $ 9.598 $ 9.597 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.957 $13.395 $14.408 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.395 $14.408 $15.456 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.298 $14.464 $16.280 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.464 $16.280 $16.812 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.819 $12.997 $13.632 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.997 $13.632 $13.960 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 356 481 478 - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.660 $11.992 $12.654 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.992 $12.654 $12.833 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.623 $13.975 $16.543 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.975 $16.543 $17.516 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.776 $13.460 $15.567 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.460 $15.567 $17.025 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.557 $12.305 $12.603 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.305 $12.603 $12.989 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.062 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.062 $11.986 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.274 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.274 $11.446 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.909 $11.650 $12.129 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.650 $12.129 $12.732 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.757 $13.254 $14.749 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.254 $14.749 $15.781 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 354 476 499 - ------------------------------------------------------------------------------- 152 PROSPECTUS

Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 9.805 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $ 9.805 $ 9.793 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $12.265 $13.770 $14.780 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.770 $14.780 $16.162 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.900 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.900 $11.413 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.697 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.697 $12.071 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 688 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.672 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.672 $12.018 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $10.996 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $10.996 $12.007 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- $ 0.000 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- $ 0.000 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- 0 - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $13.510 $15.670 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.510 $15.670 $17.250 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.237 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.237 $12.307 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 629 313 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.231 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.231 $12.282 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.357 $14.402 $19.109 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.402 $19.109 $21.756 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- * The Allstate Advisor Preferred Contracts with 5 Year Withdrawal Charge Option were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Allstate Advisor Preferred Contracts with 5 Year Withdrawal Charge Option and with the Earnings Protection Death Benefit Option, the MAV Death Benefit Option at 0.20%, and the Enhanced Beneficiary Protection (Annual Increase) Option at 0.30% on May 1, 2003, except for the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account,Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF 153 PROSPECTUS

Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.30% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 154 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 3 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, - ------------------------------------------------------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.851 $ 13.409 $ 14.582 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.851 $ 13.409 $ 14.582 $ 14.840 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 347 117,457 236,098 310,781 Period - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.233 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.233 $ 11.221 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 66,922 1,005,366 Period - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.523 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.523 $ 10.455 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 2,116 378,307 Period - ------------------------------------------------------------------------------- 155 PROSPECTUS

FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 11.535 $ 15.564 $ 17.057 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.535 $ 15.564 $ 17.057 $ 17.572 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 434 4,327 3,941 8,813 Period - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 11.225 $ 14.581 $ 17.739 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.225 $ 14.581 $ 17.739 $ 18.969 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 860 101,030 168,475 285,208 Period - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.246 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.246 $ 10.315 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 42,893 136,448 Period - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.324 $ 12.703 $ 14.065 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.324 $ 12.703 $ 14.065 $ 15.288 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 2,174 148,918 358,905 688,072 Period - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 11.233 $ 16.896 $ 20.715 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.233 $ 16.896 $ 20.715 $ 25.952 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 54,196 85,691 122,683 Period - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.475 $ 13.616 $ 15.866 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.475 $ 13.616 $ 15.866 $ 17.185 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 640 53,801 104,501 354,268 Period - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.721 $ 12.905 $ 14.556 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.721 $ 12.905 $ 14.556 $ 13.871 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 135 12,812 4,209 5,030 Period - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.909 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.909 $ 11.471 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,724 75,627 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.360 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.360 $ 10.319 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 3,670 188,567 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.893 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.893 $ 11.057 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 11,058 149,184 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.141 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.141 $ 11.460 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 2,150 37,104 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.124 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.124 $ 11.836 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 16.166 431,792 Period - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.060 $ 12.406 $ 14.567 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.060 $ 12.406 $ 14.567 $ 16.038 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 22,549 68,809 102,358 Period - ------------------------------------------------------------------------------- 156 PROSPECTUS

Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.696 $ 13.112 $ 14.152 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.696 $ 13.112 $ 14.152 $ 14.425 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 73,942 124,555 184,065 Period - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.108 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.108 $ 10.169 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 274 55,948 Period - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- $ 10.000 $ 12.289 $ 12.881 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 12.289 $ 12.881 $ 13.280 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 45,608 124,466 313,104 Period - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.148 $ 14.253 $ 16.657 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.148 $ 14.253 $ 16.657 $ 18.679 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 38,933 62,907 59,949 Period - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.661 $ 12.975 $ 13.869 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.661 $ 12.975 $ 13.869 $ 13.909 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 508 81,371 165,436 197,061 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.177 $ 12.650 $ 13.574 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.177 $ 12.650 $ 13.574 $ 14.111 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,007 83,324 196,103 446,470 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.354 $ 14.682 $ 17.203 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.354 $ 14.682 $ 17.203 $ 18.556 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 745 58,798 106,502 180,178 Period - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.551 $ 12.153 $ 12.955 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.551 $ 12.153 $ 12.955 $ 13.052 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 261,984 475,970 837,415 Period - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.388 $ 12.448 $ 13.353 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.388 $ 12.448 $ 13.353 $ 14.043 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 12,054 35,146 132,476 Period - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.798 $ 14.075 $ 14.771 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.798 $ 14.075 $ 14.771 $ 15.281 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,666 15,549 186,092 223,540 Period - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 9.724 $ 11.317 $ 11.919 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.724 $ 11.317 $ 11.919 $ 13.264 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 24,389 34,838 31,655 Period - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.741 $ 13.362 $ 14.521 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.741 $ 13.362 $ 14.521 $ 14.718 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,550 114,140 182,596 293,917 Period - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.185 $ 10.456 $ 10.735 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.185 $ 10.456 $ 10.735 $ 10.803 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,811 155,621 329,460 676,821 Period - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.604 $ 13.399 $ 15.306 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.604 $ 13.399 $ 15.306 $ 16.884 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 319 50,972 72,525 136,789 Period - ------------------------------------------------------------------------------- 157 PROSPECTUS

Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.407 $ 13.008 $ 14.405 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.407 $ 13.008 $ 14.405 $ 15.409 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 150 41,343 41,743 60,847 Period - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 9.985 $ 9.865 $ 9.763 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.985 $ 9.865 $ 9.763 $ 9.841 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 652,592 641,522 952,353 Period - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.379 $ 13.513 $ 14.654 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.379 $ 13.513 $ 14.654 $ 15.849 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 1,640 20,679 33,167 32,056 Period - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 11.204 $ 14.592 $ 16.559 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.204 $ 14.592 $ 16.559 $ 17.239 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 424 48,650 96,870 252,139 Period - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.642 $ 13.112 $ 13.865 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.642 $ 13.112 $ 13.865 $ 14.315 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 7,152 14,354 14,048 Period - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.515 $ 12.098 $ 12.870 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.515 $ 12.098 $ 12.870 $ 13.159 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 2,030 79,093 157,776 218,982 Period - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 11.470 $ 14.075 $ 16.826 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.470 $ 14.075 $ 16.826 $ 17.961 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 15,549 25,933 23,337 Period - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.372 $ 13.579 $ 15.833 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.372 $ 13.579 $ 15.833 $ 17.458 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 2,547 50,687 82,701 64,526 Period - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.109 $ 12.414 $ 12.818 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.109 $ 12.414 $ 12.818 $ 13.320 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 617 153,342 248,311 317,126 Period - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.122 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.122 $ 12.150 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 49,268 62,073 Period - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.336 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.336 $ 11.603 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 53,964 402,711 Period - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 9.410 $ 11.753 $ 12.337 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.410 $ 11.753 $ 12.337 $ 13.056 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 31,986 49,070 81,791 Period - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.653 $ 13.371 $ 15.002 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.653 $ 13.371 $ 15.002 $ 16.182 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 74,198 146,747 296,595 Period - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- $ 10.000 $ 10.000 $ 9.885 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 9.885 $ 9.955 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 95,428 276,059 Period - ------------------------------------------------------------------------------- 158 PROSPECTUS

Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 11.059 $ 13.891 $ 15.033 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.059 $ 13.891 $ 15.033 $ 16.573 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 12,459 61,335 87,995 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.959 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.959 $ 11.570 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 70,540 222,716 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.756 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.756 $ 12.236 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 63,467 57,712 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 10.731 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.731 $ 12.183 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 41,130 39,564 Period - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- $ 10.000 $ 10.000 $ 11.086 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 11.086 $ 12.205 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 36,213 306,837 Period - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- -- -- of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- $ 10.000 $ 13.584 $ 15.885 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 13.584 $ 15.885 $ 17.630 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 13,341 33,746 45,386 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.299 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.299 $ 12.476 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 104,318 113,259 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning -- -- $ 10.000 $ 11.292 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.292 $ 12.451 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 33,745 71,563 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning $10.000 $ 10.701 $ 14.529 $ 19.436 of Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.701 $ 14.529 $ 19.436 $ 22.309 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 19,376 121,865 275,668 Period - ------------------------------------------------------------------------------- * The Allstate Advisor Preferred Contracts with 3 Year Withdrawal Charge Option were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Contracts on October 14, 2002, except for the Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account and Van Kampen UIF Small Company Growth, Class II Sub-Accounts which were first offered under the Contracts on May 1, 2003, the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.50% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as 159 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 3 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, BOTH ADDED ON OR AFTER MAY 1, 2003, AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, --------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.675 $13.275 $14.304 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.275 $14.304 $14.424 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 544 1,424 1,453 - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.164 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.164 $11.050 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 467 - ------------------------------------------------------------------------------- 161 PROSPECTUS

FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.499 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.499 $10.336 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.794 $15.409 $16.732 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $15.409 $16.732 $17.080 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.014 $14.435 $17.401 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.435 $17.401 $18.438 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 4,865 5,390 5,354 - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.183 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.183 $10.158 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.575 $12.576 $13.797 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.576 $13.797 $14.860 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,040 4,637 4,937 - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.648 $16.727 $20.321 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $16.727 $20.321 $25.226 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,444 1,931 1,763 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.354 $13.480 $15.564 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.480 $15.564 $16.704 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.557 $12.776 $14.279 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.776 $14.279 $13.482 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.884 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.884 $11.340 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 318 - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.336 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.336 $10.201 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 170 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.868 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.868 $10.932 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 324 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.116 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.116 $11.330 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.099 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.099 $11.701 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 307 - ------------------------------------------------------------------------------- 162 PROSPECTUS

Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.314 $12.283 $14.289 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.283 $14.289 $15.589 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.079 $12.981 $13.883 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.981 $13.883 $14.021 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 212 526 - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.084 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.084 $10.053 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $12.214 $12.685 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.214 $12.685 $12.958 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 995 2,545 2,564 - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.056 $14.111 $16.340 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.111 $16.340 $18.156 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.702 $12.845 $13.605 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.845 $13.605 $13.520 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 612 1,545 - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.436 $12.524 $13.315 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.524 $13.315 $13.716 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 6,474 7,620 7,865 - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.686 $14.536 $16.875 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.536 $16.875 $18.037 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 487 802 772 - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.218 $11.218 $12.708 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.031 $12.708 $12.687 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,731 2,773 - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.724 $12.324 $13.098 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.324 $13.098 $13.650 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 6,221 9,245 9,405 - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.965 $13.387 $14.490 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.387 $14.490 $14.853 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 7,904 8,998 9,101 - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.207 $11.204 $11.691 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.204 $11.691 $12.893 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.835 $13.228 $14.244 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.228 $14.244 $14.306 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 686 1,015 - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.329 $10.351 $10.530 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.351 $10.530 $10.500 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,298 1,361 - ------------------------------------------------------------------------------- 163 PROSPECTUS

Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.548 $13.265 $15.015 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.265 $15.015 $16.411 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,566 4,094 4,031 - ------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.664 $12.878 $14.131 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.878 $14.131 $14.978 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.911 $ 9.767 $ 9.576 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 9.767 $ 9.576 $ 9.565 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,427 1,494 - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.951 $13.378 $14.375 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.378 $14.375 $15.405 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,010 937 885 - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.292 $14.446 $16.244 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.446 $16.244 $16.757 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 421 426 - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.813 $12.981 $13.601 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.981 $13.601 $13.914 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.654 $11.977 $12.625 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.977 $12.625 $12.791 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 427 712 1,171 - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.616 $13.935 $16.506 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.935 $16.506 $17.459 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.770 $13.443 $15.532 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.443 $15.532 $16.969 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,822 4,339 4,183 - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.551 $12.290 $12.574 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.290 $12.574 $12.947 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 8,426 10.138 10,159 - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.054 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.054 $11.965 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 4,384 4,325 - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.266 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.266 $11.426 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.903 $11.635 $12.102 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.635 $12.102 $12.690 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,920 2,937 2,926 - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.751 $13.238 $14.716 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.238 $14.716 $15.729 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 938 804 752 - ------------------------------------------------------------------------------- 164 PROSPECTUS

Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 9.794 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $ 9.794 $ 9.773 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,001 2,515 - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $12.258 $13.752 $14.746 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.752 $14.746 $16.109 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 166 381 - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.892 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.892 $11.394 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.690 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.690 $12.050 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 478 422 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.665 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.665 $11.998 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,922 1,786 - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $10.985 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $10.985 $11.983 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $13.501 $15.644 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.501 $15.644 $17.203 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.229 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.229 $12.286 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,052 975 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account) (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.223 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.223 $12.261 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.351 $14.384 $19.066 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.384 $19.066 $21.685 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 129 283 - ------------------------------------------------------------------------------- * The Allstate Advisor Preferred Contracts with the 3 Year Withdrawal Charge Option were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Allstate Advisor Preferred Contracts with the Earnings Protection Death Benefit Option, the MAV Death Benefit Option at 0.20%, and the Enhanced Beneficiary Protection (Annual Increase) Option at 0.30% on May 1, 2003, except for the Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account and Van Kampen UIF Small Company Growth, Class II Sub-Accounts which were first offered under the Contracts on May 1, 2003, the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 165 PROSPECTUS

Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.40% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 166 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH NO WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, --------------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.849 $ 13.392 $ 14.549 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.849 $ 13.392 $ 14.549 $ 14.791 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 23,469 42,275 60,071 Period - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.225 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.225 $ 11.202 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 33,355 174,991 Period - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.520 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.520 $ 10.442 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,205 104,302 Period - ------------------------------------------------------------------------------- 167 PROSPECTUS

FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.533 $ 15.545 $ 17.018 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.533 $ 15.545 $ 17.018 $ 17.515 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 0 0 0 Period - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.223 $ 14.563 $ 17.699 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.223 $ 14.563 $ 17.699 $ 18.907 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 7,677 14,403 38,744 Period - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.239 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.239 $ 10.298 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 7,924 84,783 Period - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.322 $ 12.687 $ 14.034 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.322 $ 12.687 $ 14.034 $ 15.238 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 13,840 35,124 96,633 Period - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.231 $ 16.875 $ 20.668 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.231 $ 16.875 $ 20.668 $ 25.867 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,012 8,722 18,080 Period - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.473 $ 13.599 $ 15.830 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.473 $ 13.599 $ 15.830 $ 17.129 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 7,819 25,595 72,793 Period - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.719 $ 12.889 $ 14.524 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.719 $ 12.889 $ 14.524 $ 13.825 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 0 0 0 Period - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.906 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.906 $ 11.456 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 2,629 8,148 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.357 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.357 $ 10.305 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 494 43,664 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.891 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.891 $ 11.043 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 4,338 52,475 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.139 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.139 $ 11.446 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 0 15,159 Period - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.122 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.122 $ 11.821 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 4,630 79,110 Period - ------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.058 $ 12.391 $ 14.534 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.058 $ 12.391 $ 14.534 $ 15.986 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 5,954 15,708 22,636 Period - ------------------------------------------------------------------------------- 168 PROSPECTUS

Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.694 $ 13.095 $ 14.121 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.694 $ 13.095 $ 14.121 $ 14.378 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 7,233 19,314 17,516 Period - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.105 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.105 $ 10.156 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 1,761 21,259 Period - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 12.281 $ 12.859 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 12.281 $ 12.859 $ 13.244 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 19,650 139,232 113,526 Period - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.146 $ 14.235 $ 16.620 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.146 $ 14.235 $ 16.620 $ 18.618 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,483 69,433 13,925 Period - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.659 $ 12.959 $ 13.838 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.659 $ 12.959 $ 13.838 $ 13.864 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 14,596 24,084 34,147 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.175 $ 12.635 $ 13.543 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.175 $ 12.635 $ 13.543 $ 14.065 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 3,180 20,820 44,796 136,243 Period - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.351 $ 14.664 $ 17.164 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.351 $ 14.664 $ 17.164 $ 18.496 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 7,755 16,016 42,092 Period - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.549 $ 12.138 $ 12.926 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.549 $ 12.138 $ 12.926 $ 13.010 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 36,470 76,890 181,853 Period - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.386 $ 12.433 $ 13.323 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.386 $ 12.433 $ 13.323 $ 13.997 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 0 373 19,300 Period - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.796 $ 13.506 $ 14.738 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.796 $ 13.506 $ 14.738 $ 15.231 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 13,936 20,681 29,879 Period - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.722 $ 11.303 $ 11.892 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.722 $ 11.303 $ 11.892 $ 13.221 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 1,277 1,832 1,747 Period - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.738 $ 13.345 $ 14.488 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.738 $ 13.345 $ 14.488 $ 14.670 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 363,012 53,015 49,391 Period - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.183 $ 10.443 $ 10.711 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.183 $ 10.443 $ 10.711 $ 10.768 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 163,346 94,571 149,423 Period - ------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.602 $ 13.383 $ 15.272 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.602 $ 13.383 $ 15.272 $ 16.829 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 228,069 171,334 53,857 Period - ------------------------------------------------------------------------------- 169 PROSPECTUS

Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.405 $ 12.992 $ 14.373 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.405 $ 12.992 $ 14.373 $ 15.359 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 5,187 4,353 4,774 Period - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.983 $ 9.853 $ 9.741 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.983 $ 9.853 $ 9.741 $ 9.809 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 4,006 776,190 571,779 283,085 Period - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.377 $ 13.497 $ 14.621 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.377 $ 13.497 $ 14.621 $ 15.797 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,291 3,402 233 Period - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.202 $ 14.574 $ 16.522 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.202 $ 14.574 $ 16.522 $ 17.183 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 6,517 18,620 71,713 Period - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.640 $ 13.096 $ 13.834 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.640 $ 13.096 $ 13.834 $ 14.268 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 5,620 6,279 1,616 Period - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.512 $ 12.083 $ 12.841 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.512 $ 12.083 $ 12.841 $ 13.117 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 3,141 17,937 19,997 34,620 Period - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.467 $ 14.058 $ 16.789 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.467 $ 14.058 $ 16.789 $ 17.903 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 3,216 3,706 3,557 Period - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.370 $ 13.562 $ 15.798 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.370 $ 13.562 $ 15.798 $ 17.401 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 2,975 2,606 2,301 Period - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.107 $ 12.398 $ 12.789 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.107 $ 12.398 $ 12.789 $ 13.276 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 27,311 27,234 34,981 Period - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.115 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.115 $ 12.129 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 6,523 6,398 Period - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.328 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.328 $ 11.583 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 35,103 103,444 Period - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 9.408 $ 13.874 $ 12.309 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $ 9.408 $ 13.874 $ 12.309 $ 13.013 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 0 22,487 17,612 Period - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.650 $ 13.355 $ 14.968 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.650 $ 13.355 $ 14.968 $ 16.129 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 36,801 81,112 100,032 Period - ------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 10.000 $ 9.875 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 9.875 $ 9.934 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 113,071 251,605 Period - ------------------------------------------------------------------------------- 170 PROSPECTUS

Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 11.057 $ 13.874 $ 14.999 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $11.057 $ 13.874 $ 14.999 $ 16.519 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 0 6,120 10,110 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.952 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.952 $ 11.550 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 12,560 29,686 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.749 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.749 $ 12.215 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 18,791 16,554 Period - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 10.723 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 10.723 $ 12.162 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 10,867 12,616 Period - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 10.000 $ 11.075 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 10.000 $ 11.075 $ 12.180 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 0 24,900 47,188 Period - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- -- -- Period - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 10.000 $ 13.575 $ 15.858 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- $ 13.575 $ 15.858 $ 17.582 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- 504 1,901 1,861 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.291 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.291 $ 12.455 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 9,030 11,341 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $ 10.000 $ 11.284 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of -- -- $ 11.284 $ 12.429 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of -- -- 3,401 11,785 Period - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of $10.000 $ 10.698 $ 14.511 $ 19.392 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of $10.698 $ 14.511 $ 19.392 $ 22.236 Period - ------------------------------------------------------------------------------- Number of Units Outstanding, End of 0 6,427 23,013 24,523 Period - ------------------------------------------------------------------------------- * The Allstate Advisor Preferred Contracts with No Withdrawal Charge Option were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Contracts on October 14, 2002, except for the Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account and Van Kampen UIF Small Company Growth, Class II Sub-Accounts which were first offered under the Contracts on May 1, 2003, the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account,Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.60% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as 171 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH NO WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, BOTH ADDED ON OR AFTER MAY 1, 2003, AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- For the Years Beginning January 1* and Ending December 31, --------------------------------- SUB-ACCOUNTS 2002 2003 2004 2005 - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.669 $13.259 $14.271 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.259 $14.271 $14.377 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 576 539 540 - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.156 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.156 $11.031 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- 173 PROSPECTUS

FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.496 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.496 $10.323 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.788 $15.390 $16.694 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $15.390 $16.694 $17.024 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.008 $14.417 $17.361 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.417 $17.361 $18.377 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 722 641 630 - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.176 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.176 $10.141 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,084 1,084 - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.569 $12.560 $13.766 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.560 $13.766 $14.811 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,429 1,378 1,332 - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.642 $16.706 $20.275 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $16.706 $20.275 $25.143 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.348 $13.463 $15.528 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.463 $15.528 $16.649 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 608 608 - ------------------------------------------------------------------------------- FTVIP Templeton Global Income Securities - Class 2 Sub-Account (1) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.550 $12.760 $14.247 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.760 $14.247 $13.438 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.881 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.881 $11.326 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.334 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.334 $10.188 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.866 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.866 $10.918 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.113 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.113 $11.315 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.096 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.096 $11.686 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- 174 PROSPECTUS

Oppenheimer MidCap/VA - Service Shares Sub-Account (2) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.308 $12.267 $14.257 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.267 $14.257 $15.538 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.073 $12.964 $13.851 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.964 $13.851 $13.975 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.082 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.082 $10.040 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $12.206 $12.663 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.206 $12.663 $12.923 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,456 1,465 1,481 - ------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.051 $14.093 $16.303 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.093 $16.303 $18.097 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.695 $12.829 $13.574 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.829 $13.574 $13.475 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.431 $12.508 $13.285 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.508 $13.285 $13.671 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,423 2,527 2,532 - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.680 $14.518 $16.837 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.518 $16.837 $17.977 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.212 $12.016 $12.679 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.016 $12.679 $12.645 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 57 56 56 - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.717 $12.309 $13.069 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.309 $13.069 $13.605 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.958 $13.370 $14.457 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.370 $14.457 $14.804 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,360 2,340 2,355 - ------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.201 $11.190 $11.665 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.190 $11.665 $12.850 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.828 $13.212 $14.212 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.212 $14.212 $14.259 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.324 $10.338 $10.506 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.338 $10.506 $10.466 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- 175 PROSPECTUS

Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.542 $13.249 $14.981 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.249 $14.981 $16.357 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.658 $12.862 $14.098 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.862 $14.098 $14.929 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.906 $ 9.755 $ 9.555 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 9.755 $ 9.555 $ 9.534 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.944 $13.362 $14.343 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.362 $14.343 $15.354 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,492 1,502 1,449 - ------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.285 $14.429 $16.207 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.429 $16.207 $16.701 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.807 $12.965 $13.570 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.965 $13.570 $13.868 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.649 $11.963 $12.596 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.963 $12.596 $12.749 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 911 960 - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account (3) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.450 $13.937 $16.469 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.937 $16.469 $17.401 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 44 41 - ------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.764 $13.427 $15.497 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.427 $15.497 $16.913 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 736 728 691 - ------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.545 $12.274 $12.545 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $12.274 $12.545 $12.904 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,630 1,697 1,709 - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.047 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.047 $11.945 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.258 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.258 $11.407 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $ 9.898 $11.621 $12.075 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.621 $12.075 $12.648 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.754 $13.221 $14.683 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.221 $14.683 $15.677 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,365 1,280 1,227 - ------------------------------------------------------------------------------- 176 PROSPECTUS

Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $ 9.784 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $ 9.784 $ 9.753 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $12.251 $13.735 $14.713 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.735 $14.713 $16.056 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.885 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.885 $11.374 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.683 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.683 $12.029 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,685 1,541 - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $10.657 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $10.657 $11.977 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $10.000 $10.974 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.000 $10.974 $11.958 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- -- -- Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- -- - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $10.000 $13.492 $15.617 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $13.492 $15.617 $17.156 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.222 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.222 $12.265 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 1,693 1,587 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (5)(6) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- -- $10.000 $11.215 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- $11.215 $12.240 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- 0 0 - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (5) - ------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of -- $11.344 $14.366 $19.022 Period - ------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $14.366 $19.022 $21.613 - ------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 510 510 - ------------------------------------------------------------------------------- * The Allstate Advisor Preferred Contracts with No Withdrawal Charge Option were first offered on October 14, 2002. All of the Variable Sub-Accounts shown above were first offered under the Allstate Advisor Preferred Contracts with No Withdrawal Charge Option and with the Earnings Protection Death Benefit Option, the MAV Death Benefit Option at 0.20%, and the Enhanced Beneficiary Protection (Annual Increase) Option at 0.30% on May 1, 2003, except for the Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Accounts, which were first offered under the Contracts on December 31, 2003, and the FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account, and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Accounts, which were first offered under the Contracts on May 1, 2004 and the FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series Fund - All Value Portfolio, Lord Abbett Series Fund - Bond-Debenture Portfolio, Lord Abbett Series Fund - Growth and Income Portfolio, Lord Abbett Series Fund - Growth Opportunities Portfolio, Lord Abbett Series Fund - Mid-Cap Value Portfolio and Oppenheimer Core Bond/VA - Service Shares Sub-Account which were first offered with the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account and Van Kampen UIF Mid Cap 177 PROSPECTUS

Growth, Class II Sub-Account, which were first offered under the Contracts on May 1, 2006. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.50% and an administrative expense charge of 0.19%. (1) Effective May 1, 2003, the FTVIP Franklin Small-Mid Cap Growth Securities - Class 2 Sub-Account and the FTVIP Templeton Global Income Securities - Class 2 Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to May 1, 2003, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed it name to Oppenheimer MidCap Fund/VA - Service Shares. (3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Accounts are no longer available for new investments. If you are currently invested in the Variable Sub-Accounts that invest in these Portfolios you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Effective May 1, 2006 the Van Kampen LIT Aggressive Growth Portfolio, Class II is no longer available for new investments. If you are currently invested in the Variable Sub-Account that invests in this Portfolio you may continue your investment. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, protfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (6) The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class II Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account are offered with Contracts issued on or after May 1, 2004. Contract Owners of Contracts issued prior to May 1, 2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth, Class I Sub-Account and the Van Kampen UIF U.S. Mid Cap Value, Class I Sub-Account. 178 PROSPECTUS

THE ALLSTATE VARIABLE ANNUITIES (ALLSTATE VARIABLE ANNUITY, ALLSTATE VARIABLE ANNUITY - L SHARE) ALLSTATE LIFE INSURANCE COMPANY STREET ADDRESS: 2940 S. 84TH STREET, LINCOLN, NE 68506-4142 MAILING ADDRESS: P.O. BOX 80469, LINCOLN, NE 68501-0469 TELEPHONE NUMBER: 1-800-654-2397 FAX NUMBER: 1-866-628-1006 PROSPECTUS DATED MAY 1, 2006 ------------------------------------------------------------------------------- Allstate Life Insurance Company ("ALLSTATE LIFE") is offering the following individual and group flexible premium deferred variable annuity contracts (each, a "CONTRACT"): .. ALLSTATE VARIABLE ANNUITY .. ALLSTATE VARIABLE ANNUITY - L SHARE This prospectus contains information about each Contract that you should know before investing. Please keep it for future reference. Both Contracts may not be available in all states or through your Morgan Stanley Financial Advisor. Please check with your Morgan Stanley Financial Advisor for details. Each Contract currently offers several investment alternatives ("INVESTMENT ALTERNATIVES"). The investment alternatives include up to 3 fixed account options ("FIXED ACCOUNT OPTIONS"), depending on the Contract, and include 47* variable sub-accounts ("VARIABLE SUB-ACCOUNTS") of the Allstate Financial Advisors Separate Account I ("VARIABLE ACCOUNT"). Each Variable Sub-Account invests exclusively in shares of the following funds ("FUNDS"): MORGAN STANLEY VARIABLE INVESTMENT SERIES FIDELITY(R) VARIABLE INSURANCE (CLASS Y) PRODUCTS THE UNIVERSAL INSTITUTIONAL FUNDS, INC. (CLASS II SHARES) (SERVICE CLASS 2) VAN KAMPEN LIFE INVESTMENT TRUST (CLASS II) FRANKLIN TEMPLETON VARIABLE INSURANCE AIM VARIABLE INSURANCE FUNDS (SERIES II) PRODUCTS TRUST (CLASS 2) ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC. (CLASS GOLDMAN SACHS VARIABLE INSURANCE TRUST B) PIMCO VARIABLE INSURANCE TRUST PUTNAM VARIABLE TRUST (CLASS IB) *Up to 18 additional Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 53 for information about Variable Sub-Account or Portfolio liquidations, mergers, closures and name changes. Each Fund has multiple investment Portfolios ("PORTFOLIOS"). Not all of the Funds and/or Portfolios, however, may be available with your Contract. You should check with your Morgan Stanley Financial Advisor for further information on the availability of the Funds and/or Portfolios. Your annuity application will list all available Portfolios. WE (Allstate Life) have filed a Statement of Additional Information, dated May 1, 2006, with the Securities and Exchange Commission ("SEC"). It contains more information about each Contract and is incorporated herein by reference, which means that it is legally a part of this prospectus. Its table of contents appears on page 97 of this prospectus. For a free copy, please write or call us at the address or telephone number above, or go to the SEC's Web site (http://www.sec.gov). You can find other information and documents about us, including documents that are legally part of this prospectus, at the SEC's Web site. THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED THE SECURITIES DESCRIBED IN THIS PROSPECTUS, NOR IMPORTANT HAS IT PASSED ON THE ACCURACY OR THE ADEQUACY OF THIS PROSPECTUS. ANYONE WHO TELLS YOU OTHERWISE IS COMMITTING A NOTICES FEDERAL CRIME. INVESTMENT IN THE CONTRACTS INVOLVES INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL. 1 PROSPECTUS

TABLE OF CONTENTS - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- OVERVIEW - -------------------------------------------------------------------------------- Important Terms 3 - -------------------------------------------------------------------------------- Overview of Contracts 5 - -------------------------------------------------------------------------------- The Contracts at a Glance 6 - -------------------------------------------------------------------------------- How the Contracts Work 11 - -------------------------------------------------------------------------------- Expense Table 12 - -------------------------------------------------------------------------------- Financial Information 21 - -------------------------------------------------------------------------------- CONTRACT FEATURES - -------------------------------------------------------------------------------- The Contracts 21 - -------------------------------------------------------------------------------- Purchases 24 - -------------------------------------------------------------------------------- Contract Value 25 - -------------------------------------------------------------------------------- Investment Alternatives 49 - -------------------------------------------------------------------------------- The Variable Sub-Accounts 49 - -------------------------------------------------------------------------------- The Fixed Account Options 56 - -------------------------------------------------------------------------------- Transfers 60 - -------------------------------------------------------------------------------- Expenses 62 - -------------------------------------------------------------------------------- Access to Your Money 68 - -------------------------------------------------------------------------------- Income Payments 69 - -------------------------------------------------------------------------------- Death Benefits 78 - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- More Information 85 - -------------------------------------------------------------------------------- Taxes 89 - -------------------------------------------------------------------------------- Annual Reports and Other Documents 95 - -------------------------------------------------------------------------------- STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS 97 - -------------------------------------------------------------------------------- APPENDIX A - CONTRACT COMPARISON CHART 98 - -------------------------------------------------------------------------------- APPENDIX B - MARKET VALUE ADJUSTMENT 99 - -------------------------------------------------------------------------------- APPENDIX C - EXAMPLE OF CALCULATION OF INCOME PROTECTION BENEFIT 101 - -------------------------------------------------------------------------------- APPENDIX D- WITHDRAWAL ADJUSTMENT EXAMPLE-INCOME BENEFITS 102 - -------------------------------------------------------------------------------- APPENDIX E- WITHDRAWAL ADJUSTMENT EXAMPLE-DEATH BENEFITS 103 - -------------------------------------------------------------------------------- APPENDIX F- CALCULATION OF EARNINGS PROTECTION DEATH BENEFIT 104 - -------------------------------------------------------------------------------- APPENDIX G- WITHDRAWAL ADJUSTMENT EXAMPLE - TRUERETURN ACCUMULATION BENEFIT 107 - -------------------------------------------------------------------------------- APPENDIX H- SUREINCOME WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 108 - -------------------------------------------------------------------------------- APPENDIX I - SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 110 - -------------------------------------------------------------------------------- APPENDIX J - SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 113 - -------------------------------------------------------------------------------- APPENDIX K- ACCUMULATION UNIT VALUES 117 - -------------------------------------------------------------------------------- 2 PROSPECTUS

IMPORTANT TERMS - -------------------------------------------------------------------------------- This prospectus uses a number of important terms that you may not be familiar with. The index below identifies the page that describes each term. The first use of each term in this prospectus appears in highlights. PAGE - -------------------------------------------------------------------------------- AB Factor 26 - -------------------------------------------------------------------------------- Accumulation Benefit 26 - -------------------------------------------------------------------------------- Accumulation Phase 11 - -------------------------------------------------------------------------------- Accumulation Unit 25 - -------------------------------------------------------------------------------- Accumulation Unit Value 25 - -------------------------------------------------------------------------------- Allstate Life ("We") 85 - -------------------------------------------------------------------------------- Annuitant 22 - -------------------------------------------------------------------------------- Automatic Additions Program 24 - -------------------------------------------------------------------------------- Automatic Portfolio Rebalancing Program 62 - -------------------------------------------------------------------------------- Beneficiary 23 - -------------------------------------------------------------------------------- Benefit Base (for the TrueReturn Accumulation Benefit Option) 27 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome Plus Withdrawal Benefit Option) 40 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome For Life Withdrawal Benefit Option) 44 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome For Life Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome For Life Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome Withdrawal Benefit Option) 35 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome Plus Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome For Life Withdrawal Benefit Option) 42 - -------------------------------------------------------------------------------- Co-Annuitant 22 - -------------------------------------------------------------------------------- *Contract 87 - -------------------------------------------------------------------------------- Contract Anniversary 7 - -------------------------------------------------------------------------------- Contract Owner ("You") 21 - -------------------------------------------------------------------------------- Contract Value 25 - -------------------------------------------------------------------------------- Contract Year 8 - -------------------------------------------------------------------------------- Dollar Cost Averaging Program 62 - -------------------------------------------------------------------------------- Due Proof of Death 78 - -------------------------------------------------------------------------------- Earnings Protection Death Benefit Option 80 - -------------------------------------------------------------------------------- Enhanced Beneficiary Protection (Annual Increase) Option 79 - -------------------------------------------------------------------------------- Excess of Earnings Withdrawal 80 - -------------------------------------------------------------------------------- Fixed Account Options 56 - -------------------------------------------------------------------------------- Free Withdrawal Amount 66 - -------------------------------------------------------------------------------- Funds 1 - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- Guarantee Option 25 - -------------------------------------------------------------------------------- Guarantee Period Accounts 57 - -------------------------------------------------------------------------------- Income Base 76 - -------------------------------------------------------------------------------- Income Plan 69 - -------------------------------------------------------------------------------- Income Protection Benefit Option 72 - -------------------------------------------------------------------------------- In-Force Earnings 80 - -------------------------------------------------------------------------------- In-Force Premium 80 - -------------------------------------------------------------------------------- Investment Alternatives 49 - -------------------------------------------------------------------------------- IRA Contract 8 - -------------------------------------------------------------------------------- Issue Date 11 - -------------------------------------------------------------------------------- Market Value Adjustment 58 - -------------------------------------------------------------------------------- Maximum Anniversary Value (MAV) Death Benefit Option 79 - -------------------------------------------------------------------------------- Payout Phase 11 - -------------------------------------------------------------------------------- Payout Start Date 69 - -------------------------------------------------------------------------------- Payout Withdrawal 71 - -------------------------------------------------------------------------------- Portfolios 86 - -------------------------------------------------------------------------------- Qualified Contract 83 - -------------------------------------------------------------------------------- Retirement Income Guarantee Options 76 - -------------------------------------------------------------------------------- Return of Premium ("ROP") Death Benefit 10 - -------------------------------------------------------------------------------- Rider Anniversary 25 - -------------------------------------------------------------------------------- Rider Application Date 21 - -------------------------------------------------------------------------------- Rider Date (for the TrueReturn Accumulation Benefit Option) 26 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome Withdrawal Benefit Option) 35 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome For Life Withdrawal Benefit Option) 42 - -------------------------------------------------------------------------------- Rider Fee (for the TrueReturn Accumulation Benefit Option) 27 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome Plus Withdrawal Benefit Option) 40 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome For Life Withdrawal Benefit Option) 44 - -------------------------------------------------------------------------------- Rider Fee Percentage 34 - -------------------------------------------------------------------------------- Rider Maturity Date 25 - -------------------------------------------------------------------------------- Rider Period 25 - -------------------------------------------------------------------------------- Rider Trade-In Option (for the TrueReturn Accumulation Benefit Option) 34 - -------------------------------------------------------------------------------- Rider Trade-In Option (for the SureIncome Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Right to Cancel 24 - -------------------------------------------------------------------------------- SEC 1 - -------------------------------------------------------------------------------- Settlement Value 79 - -------------------------------------------------------------------------------- Spousal Protection Benefit (Co-Annuitant) Option 22 - -------------------------------------------------------------------------------- Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts 22 - -------------------------------------------------------------------------------- 3 PROSPECTUS

- -------------------------------------------------------------------------------- Standard Fixed Account Option 57 - -------------------------------------------------------------------------------- SureIncome Covered Life 42 - -------------------------------------------------------------------------------- SureIncome Option Fee 7 - -------------------------------------------------------------------------------- SureIncome Plus Option 38 - -------------------------------------------------------------------------------- SureIncome Plus Option Fee 7 - -------------------------------------------------------------------------------- SureIncome Plus Withdrawal Benefit Option 38 - -------------------------------------------------------------------------------- SureIncome For Life Option 42 - -------------------------------------------------------------------------------- SureIncome For Life Option Fee 7 - -------------------------------------------------------------------------------- SureIncome For Life Withdrawal Benefit Option 42 - -------------------------------------------------------------------------------- SureIncome ROP Death Benefit 38 - -------------------------------------------------------------------------------- SureIncome Withdrawal Benefit Option 35 - -------------------------------------------------------------------------------- Systematic Withdrawal Program 68 - -------------------------------------------------------------------------------- Tax Qualified Contract 92 - -------------------------------------------------------------------------------- Transfer Period Accounts 57 - -------------------------------------------------------------------------------- Trial Examination Period 24 - -------------------------------------------------------------------------------- TrueBalance/SM/ Asset Allocation Program 54 - -------------------------------------------------------------------------------- TrueReturn/SM/ Accumulation Benefit Option 25 - -------------------------------------------------------------------------------- Valuation Date 24 - -------------------------------------------------------------------------------- Variable Account 86 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Variable Sub-Account 49 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome for Life Withdrawal Benefit Option) 42 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome Plus Withdrawal Benefit Option) 40 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome for Life Withdrawal Benefit Option) 44 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome Plus Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome for Life Withdrawal Benefit Option) 44 - -------------------------------------------------------------------------------- Withdrawal Benefit Option 35 - -------------------------------------------------------------------------------- Withdrawal Benefit Option Fee 65 - -------------------------------------------------------------------------------- * In certain states a Contract may be available only as a group Contract. If you purchase a group Contract, we will issue you a certificate that represents your ownership and that summarizes the provisions of the group Contract. References to "Contract" in this prospectus include certificates, unless the context requires otherwise. References to "Contract" also include both Contracts listed on the cover page of this prospectus, unless otherwise noted. However, we administer each Contract separately. 4 PROSPECTUS

OVERVIEW OF CONTRACTS - -------------------------------------------------------------------------------- The Contracts offer many of the same basic features and benefits. They differ primarily with respect to the charges imposed, as follows: .. The ALLSTATE VARIABLE ANNUITY CONTRACT has a mortality and expense risk charge of 1.10%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 7-year withdrawal charge period; .. The ALLSTATE VARIABLE ANNUITY - L SHARE CONTRACT has a mortality and expense risk charge of 1.50%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 3-year withdrawal charge period. Other differences between the Contracts relate to available Fixed Account Options. For a side-by-side comparison of these differences, please refer to Appendix A of this prospectus. * The administrative expense charge may be increased, but will never exceed 0.35%. Once your Contract is issued, we will not increase the administrative expense charge for your Contract. The administrative expense charge is 0.19% for Contracts issued before January 1, 2005 and 0.19% for Contracts issued on or after October 17, 2005. The administrative expense charge is 0.30% for Contracts issued on or after January 1, 2005 and prior to October 17, 2005; effective October 17, 2005 and thereafter, the administrative expense charge applied to such Contracts is 0.19%. 5 PROSPECTUS

THE CONTRACTS AT A GLANCE - -------------------------------------------------------------------------------- The following is a snapshot of the Contracts. Please read the remainder of this prospectus for more information. FLEXIBLE PAYMENTS You can purchase each Contract with as little as $10,000 ($2,000 for Contracts issued with an IRA or TSA). You can add to your Contract as often and as much as you like, but each subsequent payment must be at least $1,000 ($50 for automatic payments). We reserve the right to accept a lesser initial purchase payment amount for each Contract. We may limit the cumulative amount of purchase payments to a maximum of $1,000,000 in any Contract. - --------------------------------------------------------------------------------------- TRIAL EXAMINATION PERIOD You may cancel your Contract within 20 days of receipt or any longer period as your state may require ("TRIAL EXAMINATION PERIOD"). Upon cancellation, we will return your purchase payments adjusted, to the extent federal or state law permits, to reflect the investment experience of any amounts allocated to the Variable Account, including the deduction of mortality and expense risk charges and administrative expense charges. See "Trial Examination Period" for details. - --------------------------------------------------------------------------------------- EXPENSES Each Portfolio pays expenses that you will bear indirectly if you invest in a Variable Sub-Account. You also will bear the following expenses: ALLSTATE VARIABLE ANNUITY CONTRACTS .Annual mortality and expense risk charge equal to 1.10% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. ALLSTATE VARIABLE ANNUITY - L SHARE CONTRACTS .Annual mortality and expense risk charge equal to 1.50% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. 6 PROSPECTUS

ALL CONTRACTS .Annual administrative expense charge of 0.19% for Contracts issued before January 1, 2005 and for Contracts issued on or after October 17, 2005 (0.30% for Contracts issued on or after January 1, 2005 and prior to October 17, 2005; effective October 17, 2005 and thereafter, the annual administrative expense charge applied to such Contracts is 0.19%; up to 0.35% for future Contracts). .Annual contract maintenance charge of $30 (waived in certain cases). .If you select the MAXIMUM ANNIVERSARY VALUE (MAV) DEATH BENEFIT OPTION ("MAV DEATH BENEFIT OPTION") you will pay an additional mortality and expense risk charge of 0.20% (up to 0.30% for Options added in the future). . If you select ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, you will pay an additional mortality and expense risk charge of 0.30%. .If you select the EARNINGS PROTECTION DEATH BENEFIT OPTION you will pay an additional mortality and expense risk charge of 0.25% or 0.40% (up to 0.35% or 0.50% for Options added in the future) depending on the age of the oldest Owner and oldest Annuitant on the date we receive the completed application or request to add the benefit, whichever is later ("RIDER APPLICATION DATE"). . If you select the TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION ("TRUERETURN OPTION") you would pay an additional annual fee ("RIDER FEE") of 0.50% (up to 1.25% for Options added in the future) of the BENEFIT BASE in effect on each Contract anniversary ("CONTRACT ANNIVERSARY") during the Rider Period. You may not select the TrueReturn Option together with a Retirement Income Guarantee Option or any Withdrawal Benefit Option. .We discontinued offering the SUREINCOME WITHDRAWAL BENEFIT OPTION ("SUREINCOME OPTION") as of May 1, 2006, except in a limited number of states. If you elected the SureIncome Option prior to May 1, 2006, you would pay an additional annual fee ("SUREINCOME OPTION FEE") of 0.50% of the BENEFIT BASE on each Contract Anniversary (see the SureIncome Option Fee section). You may not select the SureIncome Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .If you select the SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION ("SUREINCOME PLUS OPTION") you would pay an additional annual fee ("SUREINCOME PLUS OPTION FEE") of 0.65% (up to 1.25% for Options added in the future) of the BENEFIT BASE on each Contract Anniversary (see the SureIncome Plus Option Fee section). You may not select the SureIncome Plus Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .If you select the SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION ("SUREINCOME FOR LIFE OPTION") you would pay an additional annual fee ("SUREINCOME FOR LIFE OPTION FEE") of 0.65% (up to 1.25% for Options added in the future) of the BENEFIT BASE on each Contract Anniversary (see the SureIncome For Life Option Fee section). You may not select the SureIncome For Life Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .We discontinued offering RETIREMENT INCOME GUARANTEE OPTION 1 ("RIG 1") as of January 1, 2004 (up to May 1, 2004 in certain states). If you elected RIG 1 prior to May 1, 2004, you will pay an additional annual fee ("Rider Fee") of 0.40% of the INCOME BASE in effect on a Contract Anniversary. 7 PROSPECTUS

.We discontinued offering RETIREMENT INCOME GUARANTEE OPTION 2 ("RIG 2") as of January 1, 2004 (up to May 1, 2004 in certain states). If you elected RIG 2 prior to May 1, 2004, you will pay an additional annual Rider Fee of 0.55% of the INCOME BASE in effect on a Contract Anniversary. .If you select the INCOME PROTECTION BENEFIT OPTION you will pay an additional mortality and expense risk charge of 0.50% (up to 0.75% for Options added in the future) during the Payout Phase of your Contract. .If you select the SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION or SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS ("CSP") you would pay an additional annual fee ("RIDER FEE") of 0.10%* (up to 0.15% for Options added in the future) of the Contract Value ("CONTRACT VALUE") on each Contract Anniversary. These Options are only available for certain types of IRA Contracts, which are Contracts issued with an Individual Retirement Annuity or Account ("IRA") under Section 408 of the Internal Revenue Code. The CSP is only available for certain Custodial Individual Retirement Accounts established under Section 408 of the Internal Revenue Code. For Contracts purchased on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option at any time prior to the time you elect to receive it. *NO RIDER FEE WAS CHARGED FOR THESE OPTIONS FOR CONTRACT OWNERS WHO ADDED THESE OPTIONS PRIOR TO JANUARY 1, 2005. SEE PAGE 13 FOR DETAILS. .Transfer fee equal to 1.00% (subject to increase to up to 2.00%) of the amount transferred after the 12/th/ transfer in any Contract Year ("CONTRACT YEAR"), which we measure from the date we issue your Contract or a Contract Anniversary. . State premium tax (if your state imposes one) . NOT ALL OPTIONS ARE AVAILABLE IN ALL STATES WE MAY DISCONTINUE OFFERING ANY OF THESE OPTIONS AT ANY TIME PRIOR TO THE TIME YOU ELECT TO RECEIVE IT. - --------------------------------------------------------------------------------------- 8 PROSPECTUS

INVESTMENT ALTERNATIVES Each Contract offers several investment alternatives including: . up to 3 Fixed Account Options that credit interest at rates we guarantee, and .47* Variable Sub-Accounts investing in Portfolios offering professional money management by these investment advisers: . Morgan Stanley Investment Advisors Inc. . Van Kampen** . Van Kampen Asset Management . A I M Advisors, Inc. . AllianceBernstein L.P. . Fidelity Management & Research Company . Franklin Advisers, Inc. . Franklin Mutual Advisers, LLC . Goldman Sachs Asset Management, L.P. . Pacific Investment Management Company LLC . Putnam Investment Management, LLC . Templeton Investment Counsel, LLC *Up to 18 additional Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 17 for information about Sub-Accounts and/or Portfolio liquidations, mergers, closures and name changes. ** Morgan Stanley Investment Management Inc., the investment adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. NOT ALL FIXED ACCOUNT OPTIONS ARE AVAILABLE IN ALL STATES OR WITH ALL CONTRACTS. To find out current rates being paid on the Fixed Account Option(s), or to find out how the Variable Sub-Accounts have performed, please call us at 1-800-654-2397. - --------------------------------------------------------------------------------------- SPECIAL SERVICES For your convenience, we offer these special services: . AUTOMATIC PORTFOLIO REBALANCING PROGRAM . AUTOMATIC ADDITIONS PROGRAM . DOLLAR COST AVERAGING PROGRAM . SYSTEMATIC WITHDRAWAL PROGRAM . TRUEBALANCE/SM/ ASSET ALLOCATION PROGRAM - --------------------------------------------------------------------------------------- 9 PROSPECTUS

INCOME PAYMENTS You can choose fixed income payments, variable income payments, or a combination of the two. You can receive your income payments in one of the following ways (you may select more than one income plan): . life income with guaranteed number of payments . joint and survivor life income with guaranteed number of payments . guaranteed number of payments for a specified period . life income with cash refund . joint life income with cash refund . life income with installment refund . joint life income with installment refund Prior to May 1, 2004, Allstate Life also offered two Retirement Income Guarantee Options that guarantee a minimum amount of fixed income payments you can receive if you elect to receive income payments. In addition, we offer an Income Protection Benefit Option that guarantees that your variable income payments will not fall below a certain level. DEATH BENEFITS If you, the Annuitant, or Co-Annuitant die before the Payout Start Date, we will pay a death benefit subject to the conditions described in the Contract. In addition to the death benefit included in your Contract ("RETURN OF PREMIUM DEATH BENEFIT" or "ROP DEATH BENEFIT"), the death benefit options we currently offer include: . MAV DEATH BENEFIT OPTION; .ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION; and . EARNINGS PROTECTION DEATH BENEFIT OPTION The SureIncome Plus Option and SureIncome For Life Option also include a death benefit option, the SureIncome Return of Premium Death Benefit, ("SUREINCOME ROP DEATH BENEFIT"). - --------------------------------------------------------------------------------------- TRANSFERS Before the Payout Start Date, you may transfer your Contract Value among the investment alternatives, with certain restrictions. The minimum amount you may transfer is $100 or the amount remaining in the investment alternative, if less. The minimum amount that can be transferred into the Standard Fixed Account or Market Value Adjusted Account Options is $100. A charge may apply after the 12/th/ transfer in each Contract Year. - --------------------------------------------------------------------------------------- WITHDRAWALS You may withdraw some or all of your Contract Value at any time during the Accumulation Phase and during the Payout Phase in certain cases. In general, you must withdraw at least $50 at a time. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. A withdrawal charge and a MARKET VALUE ADJUSTMENT may also apply. If any withdrawal reduces your Contract Value to less than $1,000, we will treat the request as a withdrawal of the entire Contract Value unless a Withdrawal Benefit Option is in effect under your Contract. Your Contract will terminate if you withdraw all of your Contract Value. 10 PROSPECTUS

HOW THE CONTRACTS WORK - -------------------------------------------------------------------------------- Each Contract basically works in two ways. First, each Contract can help you (we assume you are the "CONTRACT OWNER") save for retirement because you can invest in your Contract's investment alternatives and generally pay no federal income taxes on any earnings until you withdraw them. You do this during what we call the "ACCUMULATION PHASE" of the Contract. The Accumulation Phase begins on the date we issue your Contract (we call that date the "ISSUE DATE") and continues until the Payout Start Date, which is the date we apply your money to provide income payments. During the Accumulation Phase, you may allocate your purchase payments to any combination of the Variable Sub-Accounts and/or Fixed Account Options. If you invest in a Fixed Account Option, you will earn a fixed rate of interest that we declare periodically. If you invest in any of the Variable Sub-Accounts, your investment return will vary up or down depending on the performance of the corresponding Portfolios. Second, each Contract can help you plan for retirement because you can use it to receive retirement income for life and/ or for a pre-set number of years, by selecting one of the income payment options (we call these "INCOME PLANS") described on 69. You receive income payments during what we call the "PAYOUT PHASE" of the Contract, which begins on the Payout Start Date and continues until we make the last payment required by the Income Plan you select. During the Payout Phase, if you select a fixed income payment option, we guarantee the amount of your payments, which will remain fixed. If you select a variable income payment option, based on one or more of the Variable Sub-Accounts, the amount of your payments will vary up or down depending on the performance of the corresponding Portfolios. The amount of money you accumulate under your Contract during the Accumulation Phase and apply to an Income Plan will determine the amount of your income payments during the Payout Phase. The timeline below illustrates how you might use your Contract. Issue Payout Start Date Accumulation Phase Date Payout Phase - ------------------------------------------------------------------------------------------------------------> You buy You save for retirement You elect to receive You can receive Or you can receive a Contract income payments or income payments income payments receive a lump sum for a set period for life payment Other income payment options are also available. See "INCOME PAYMENTS." As the Contract Owner, you exercise all of the rights and privileges provided by the Contract. If you die, any surviving Contract Owner or, if there is none, the BENEFICIARY will exercise the rights and privileges provided by the Contract. See "The Contracts." In addition, if you die before the Payout Start Date, we will pay a death benefit to any surviving Contract Owner or, if there is none, to your Beneficiary. See "Death Benefits." Please call us at 1-800-654-2397 if you have any question about how the Contracts work. 11 PROSPECTUS

EXPENSE TABLE - -------------------------------------------------------------------------------- The table below lists the expenses that you will bear directly or indirectly when you buy a Contract. The table and the examples that follow do not reflect premium taxes that may be imposed by the state where you reside. For more information about Variable Account expenses, see "Expenses," below. For more information about Portfolio expenses, please refer to the prospectuses for the Funds. CONTRACT OWNER TRANSACTION EXPENSES Withdrawal Charge (as a percentage of purchase payments withdrawn)/* / Number of Complete Years Since We Received the Purchase Payment Being Withdrawn/Applicable Charge: - ------------------------------------------------------------------------------------------------------------------------------------ Contract: 0 1 2 3 4 5 6 7 8+ Allstate Variable Annuity 7% 7% 6% 5% 4% 3% 2% 0% 0% Allstate Variable Annuity - L Share 7% 6% 5% 0% All Contracts: - ------------------------------------------------------------------------------------------------------------------------------------ Annual Contract Maintenance Charge $30** Transfer Fee up to 2.00% of the amount transferred*** * Each Contract Year, you may withdraw a portion of your purchase payments (and/or your earnings, in the case of Charitable Remainder Trusts) without incurring a withdrawal charge ("Free Withdrawal Amount"). See "Withdrawal Charges" for more information. ** / /Waived in certain cases. See "Expenses." *** Applies solely to the 13th and subsequent transfers within a Contract Year, excluding transfers due to dollar cost averaging and automatic portfolio rebalancing. We are currently assessing a transfer fee of 1.00% of the amount transferred, however, we reserve the right to raise the transfer fee to up to 2.00% of the amount transferred. VARIABLE ACCOUNT ANNUAL EXPENSES (AS A PERCENTAGE OF AVERAGE DAILY NET ASSET VALUE DEDUCTED FROM EACH VARIABLE SUB-ACCOUNT) If you select the basic Contract without any optional benefits, your Variable Account expenses would be as follows: Mortality and Expense Risk Administrative Basic Contract (without any optional benefit) Charge Expense Charge* - ------------------------------------------------------------------------------------------------------------------ Allstate Variable Annuity 1.10% 0.19% - ------------------------------------------------------------------------------------------------------------------ Allstate Variable Annuity - L Share 1.50% 0.19% - ------------------------------------------------------------------------------------------------------------------ Total Variable Account Basic Contract (without any optional benefit) Annual Expense - -------------------------------------------------------------------------------------- Allstate Variable Annuity 1.29% - -------------------------------------------------------------------------------------- Allstate Variable Annuity - L Share 1.69% - -------------------------------------------------------------------------------------- *We reserve the right to raise the administrative expense charge to 0.35%. However, we will not increase the charge once we issue your Contract. The administrative expense charge is 0.19% for Contracts issued before January 1, 2005 and for Contracts issued on or after October 17, 2005. The administrative expense charge is 0.30% for Contracts issued on or after January 1, 2005 and prior to October 17, 2005; effective October 17, 2005 and thereafter, the administrative expense charge applied to such Contracts is 0.19%. Each Contract also offers optional riders that may be added to the Contract. For each optional rider you select, you would pay the following additional mortality and expense risk charge associated with each rider. 0.20% (up to 0.30% for Options added MAV Death Benefit Option in the future) Enhanced Beneficiary Protection (Annual Increase) Option 0.30% Earnings Protection Death Benefit Option (issue 0.25% (up to 0.35% for Options added age 0-70) in the future) Earnings Protection Death Benefit Option (issue 0.40% (up to 0.50% for Options added age 71-79) in the future) If you select the Options with the highest possible combination of mortality and expense risk charges, your Variable Account expenses would be as follows, assuming current expenses: Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, Earnings Mortality and Expense Administrative Protection Death Benefit Option (issue age 71-79) Risk Charge* Expense Charge* - --------------------------------------------------------------------------------------------------------------------- Allstate Variable Annuity 2.00% 0.19% - --------------------------------------------------------------------------------------------------------------------- Allstate Variable Annuity - L Share 2.40% 0.19% - --------------------------------------------------------------------------------------------------------------------- Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, Earnings Total Variable Account Protection Death Benefit Option (issue age 71-79) Annual Expense - -------------------------------------------------------------------------------------------------- Allstate Variable Annuity 2.19% - -------------------------------------------------------------------------------------------------- Allstate Variable Annuity - L Share 2.59% - -------------------------------------------------------------------------------------------------- 12 PROSPECTUS

* As described above, the administrative expense charge and the mortality and expense charge for certain Options may be higher for future Contracts. However, we will not increase the administrative expense charge once we issue your Contract, and we will not increase the charge for an Option once we add the Option to your Contract. The administrative expense charge is 0.19% for Contracts issued before January 1, 2005 and for Contracts issued on or after October 17, 2005. The administrative expense charge is 0.30% for Contracts issued on or after January 1, 2005 and prior to October 17, 2005; effective October 17, 2005 and thereafter, the administrative expense charge applied to such Contracts is 0.19%. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION FEE * (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) TrueReturn/SM/ Accumulation Benefit Option 0.50%* - ------------------------------------------------------------------------------- *Up to 1.25% for TrueReturn Options added in the future. See "TrueReturn/SM/ Accumulation Benefit Option" for details. SUREINCOME WITHDRAWAL BENEFIT OPTION FEE * (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) SureIncome Withdrawal Benefit Option 0.50%** - -------------------------------------------------------------------------------- * Effective May 1, 2006, we ceased offering the SureIncome Option except in a limited number of states. **Up to 1.25% for SureIncome Options added in the future. See "SureIncome Withdrawal Benefit Option" for details. SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) SureIncome Plus Withdrawal Benefit Option 0.65%* - ------------------------------------------------------------------------------- *Up to 1.25% for SureIncome Plus Options added in the future. See "SureIncome Plus Withdrawal Benefit Option" for details. SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) SureIncome For Life Withdrawal Benefit Option 0.65%* - ------------------------------------------------------------------------------- *Up to 1.25% for SureIncome For Life Options added in the future. See "SureIncome For Life Withdrawal Benefit Option" for details. RETIREMENT INCOME GUARANTEE OPTION FEE* (ANNUAL RATE AS A PERCENTAGE OF INCOME BASE ON A CONTRACT ANNIVERSARY) RIG 1 0.40% - ----------------------------------------------------------------------------- RIG 2 0.55% - ----------------------------------------------------------------------------- * We discontinued offering the Retirement Income Guarantee Options as of January 1, 2004 (up to May 1, 2004 in certain states). Fees shown apply to Contract Owners who selected an Option prior to January 1, 2004 (up to May 1, 2004 in certain states). SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FEE (AS A PERCENTAGE OF CONTRACT VALUE ON EACH CONTRACT ANNIVERSARY) Spousal Protection Benefit (Co-Annuitant) Option 0.10%* - ------------------------------------------------------------------------ 13 PROSPECTUS

* Applies to Contract Owners who select the option on or after January 1, 2005. Up to 0.15% for options added in the future. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS FEE (AS A PERCENTAGE OF CONTRACT VALUE ON EACH CONTRACT ANNIVERSARY) Spousal Protection Benefit (Co-Annuitant) Option for Custodial 0.10%* Individual Retirement Accounts - ------------------------------------------------------------------------ * Applies to Contract owners who select the option on or after January 1, 2005. Up to 0.15% for options added in the future. If you select the Spousal Protection Benefit (Co-Annuitant) Option or Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts on or after January 1, 2005, you will pay a Rider Fee at the annual rate of 0.10% of the Contract Value on each Contract Anniversary. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. If you selected either of these Options prior to January 1, 2005, there is no charge associated with your Option. See "Spousal Protection Benefit (Co-Annuitant) Option Fee and Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts Fee" for details. INCOME PROTECTION BENEFIT OPTION (AS A PERCENTAGE OF THE AVERAGE DAILY NET VARIABLE ACCOUNT ASSETS SUPPORTING THE VARIABLE INCOME PAYMENTS TO WHICH THE OPTION APPLIES) Income Protection Benefit Option 0.50%* - ------------------------------------------------------------- *The charge for the Income Protection Benefit Option applies during the Payout Phase. We reserve the right to raise the charge to up to 0.75% for Options added in the future. See "Income Payments - Income Protection Benefit Option," below, for details. 14 PROSPECTUS

PORTFOLIO ANNUAL EXPENSES - MINIMUM AND MAXIMUM The next table shows the minimum and maximum total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Contract. Advisers and/or other service providers of certain Portfolios may have agreed to waive their fees and/or reimburse Portfolio expenses in order to keep the Portfolios' expenses below specified limits. The range of expenses shown in this table does not show the effect of any such fee waiver or expense reimbursement. More detail concerning each Portfolio's fees and expenses appears in the second table below and in the prospectus for each Portfolio. ANNUAL PORTFOLIO EXPENSES - -------------------------------------------------------------------------------- Minimum Maximum - -------------------------------------------------------------------------------- Total Annual Portfolio Operating Expenses/(1)/ (expenses that are deducted from Portfolio assets, which may include management fees, distribution and/or services (12b-1) fees, 0.53% 2.01% and other expenses) - -------------------------------------------------------------------------------- PORTFOLIO ANNUAL EXPENSES - FULL TABLE (1) The next table shows the Portfolio operating expenses for each Portfolio available under the Contract. These expenses may vary from year to year. Advisers and/or other service providers of certain Portfolios have agreed to waive their fees and/or other Portfolio expenses in order to keep the Portfolio's expenses below specified limits. The expenses shown in the table below do not show the effect of any such fee waiver or expense reimbursement. All fee waiver and expense reimbursements are described in the footnotes to the table. More detail concerning each Portfolio's fees and expenses appears in the prospectus for each Portfolio. RULE MANAGEMENT 12B-1 OTHER TOTAL ANNUAL PORTFOLIO FEES FEES EXPENSES PORTFOLIO EXPENSES - ------------------------------------------------------------------------------- MORGAN STANLEY VARIABLE INVESTMENT SERIES - ------------------------------------------------------------------------------- Morgan Stanley VIS Aggressive Equity Portfolio 0.67% 0.25% 0.19% 1.11% - - Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS Dividend 0.46% 0.25% 0.11% 0.82% Growth Portfolio - Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS Equity 0.42% 0.25% 0.11% 0.78% Portfolio - Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS European Equity Portfolio - Class Y 0.84% 0.25% 0.18% 1.27% (2,3) - ------------------------------------------------------------------------------- Morgan Stanley VIS Global Advantage Portfolio - Class 0.57% 0.25% 0.35% 1.17% Y (4) - ------------------------------------------------------------------------------- Morgan Stanley VIS Global Dividend Growth Portfolio - 0.67% 0.25% 0.15% 1.07% Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS High Yield Portfolio - Class Y 0.42% 0.25% 0.45% 1.12% (4) - ------------------------------------------------------------------------------- Morgan Stanley VIS Income Builder Portfolio - Class Y 0.67% 0.25% 0.17% 1.09% (4) - ------------------------------------------------------------------------------- Morgan Stanley VIS Income 0.42% 0.25% 0.12% 0.79% Plus Portfolio - Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS Information Portfolio - 0.67% 0.25% 0.52% 1.44% Class Y (4,5) - ------------------------------------------------------------------------------- Morgan Stanley VIS Limited Duration Portfolio - Class Y 0.30% 0.25% 0.15% 0.70% (2) - ------------------------------------------------------------------------------- Morgan Stanley VIS Money 0.45% 0.25% 0.09% 0.79% Market Portfolio - Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS S&P 500 0.12% 0.25% 0.16% 0.53% Index Portfolio - Class Y - ------------------------------------------------------------------------------- Morgan Stanley VIS Strategist Portfolio - Class 0.42% 0.25% 0.12% 0.79% Y - ------------------------------------------------------------------------------- Morgan Stanley VIS Utilities 0.57% 0.25% 0.13% 0.95% Portfolio - Class Y (4) - ------------------------------------------------------------------------------- THE UNIVERSAL INSTITUTIONAL FUNDS, INC. - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt Portfolio, 0.75% 0.35% 0.34% 1.44% Class II (4,6,7) - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Equity Portfolio, 1.25% 0.35% 0.41% 2.01% Class II (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income Portfolio, Class II 0.46% 0.35% 0.32% 1.13% (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth 0.50% 0.35% 0.33% 1.18% Portfolio, Class II (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise Portfolio, Class 0.80% 0.35% 0.39% 1.54% II (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF International Growth Equity Portfolio, 0.75% 0.35% 0.64% 1.74% Class II (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth Portfolio, Class II 0.75% 0.35% 0.34% 1.44% (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth Portfolio, Class II 0.92% 0.35% 0.54% 1.81% (6,7) - ------------------------------------------------------------------------------- 15 PROSPECTUS

Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II 0.72% 0.35% 0.29% 1.36% (6,7) - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate Portfolio, Class II 0.75% 0.35% 0.28% 1.38% (6,7) - ------------------------------------------------------------------------------- VAN KAMPEN LIFE INVESTMENT TRUST - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth Portfolio, Class II 0.75% 0.25% 0.55% 1.55% (8) - ------------------------------------------------------------------------------- Van Kampen LIT Comstock 0.56% 0.25% 0.03% 0.84% Portfolio, Class II - ------------------------------------------------------------------------------- Van Kampen LIT Emerging 0.70% 0.25% 0.07% 1.02% Growth Portfolio, Class II - ------------------------------------------------------------------------------- Van Kampen LIT Growth and 0.57% 0.25% 0.04% 0.86% Income Portfolio, Class II - ------------------------------------------------------------------------------- AIM VARIABLE INSURANCE FUNDS - ------------------------------------------------------------------------------- AIM V.I. Basic Value Fund - 0.72% 0.25% 0.30% 1.27% Series II (4,9,10) - ------------------------------------------------------------------------------- AIM V.I. Capital Appreciation Fund - Series 0.61% 0.25% 0.29% 1.15% II (4,10) - ------------------------------------------------------------------------------- AIM V.I. Core Equity Fund - 0.60% 0.25% 0.27% 1.12% Series II (4,11,12) - ------------------------------------------------------------------------------- AIM V.I. Mid Cap Core Equity 0.72% 0.25% 0.31% 1.28% Fund - Series II (4,10) - ------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC. - ------------------------------------------------------------------------------- AllianceBernstein Growth and Income Portfolio - Class B 0.55% 0.25% 0.05% 0.85% (4) - ------------------------------------------------------------------------------- AllianceBernstein Growth 0.75% 0.25% 0.13% 1.13% Portfolio - Class B - ------------------------------------------------------------------------------- AllianceBernstein International Value 0.75% 0.25% 0.12% 1.12% Portfolio - Class B - ------------------------------------------------------------------------------- AllianceBernstein Large Cap Growth Portfolio - Class B 0.75% 0.25% 0.06% 1.06% (4) - ------------------------------------------------------------------------------- AllianceBernstein Small/Mid Cap Value Portfolio - Class 0.75% 0.25% 0.12% 1.12% B - ------------------------------------------------------------------------------- AllianceBernstein Utility 0.55% 0.25% 0.42% 1.22% Income Portfolio - Class B - ------------------------------------------------------------------------------- AllianceBernstein Value 0.55% 0.25% 0.19% 0.99% Portfolio - Class B - ------------------------------------------------------------------------------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) Portfolio - Service Class 2 0.57% 0.25% 0.09% 0.91% (13) - ------------------------------------------------------------------------------- Fidelity VIP Growth & Income 0.47% 0.25% 0.12% 0.84% Portfolio - Service Class 2 - ------------------------------------------------------------------------------- Fidelity VIP High Income 0.57% 0.25% 0.13% 0.95% Portfolio - Service Class 2 - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap Portfolio - Service Class 2 0.57% 0.25% 0.12% 0.94% (13) - ------------------------------------------------------------------------------- Fidelity VIP Money Market 0.20% 0.25% 0.09% 0.54% Portfolio - Service Class 2 - ------------------------------------------------------------------------------- FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST - ------------------------------------------------------------------------------- FTVIP Franklin Flex Cap Growth Securities Fund - 0.44% 0.25% 0.24% 0.93% Class 2 (14,15,16) - ------------------------------------------------------------------------------- FTVIP Franklin High Income 0.56% 0.25% 0.04% 0.85% Fund - Class 2 (4,14,17) - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities Fund - Class 0.46% 0.25% 0.02% 0.73% 2(14,17) - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities Fund - Class 2 0.80% 0.25% 0.23% 1.28% (14) - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities Fund - Class 2 0.60% 0.25% 0.18% 1.03% (14) - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities Fund - Class 2 0.65% 0.25% 0.17% 1.07% (18) - ------------------------------------------------------------------------------- GOLDMAN SACHS VARIABLE INSURANCE TRUST - ------------------------------------------------------------------------------- Goldman Sachs VIT Growth and 0.75% N/A 0.13% 0.88% Income Fund (19) - ------------------------------------------------------------------------------- Goldman Sachs VIT Mid Cap 0.80% N/A 0.07% 0.87% Value Fund (2) - ------------------------------------------------------------------------------- Goldman Sachs VIT Structured Small Cap Equity Fund 0.75% N/A 0.18% 0.93% (19,20) - ------------------------------------------------------------------------------- Goldman Sachs VIT Structured 0.65% N/A 0.09% 0.74% U.S. Equity Fund (19,20) - ------------------------------------------------------------------------------- PIMCO VARIABLE INSURANCE TRUST - ------------------------------------------------------------------------------- PIMCO VIT CommodityRealReturn Strategy Portfolio - Advisor Shares 0.49% 0.25% 0.25% 0.99% (21) - ------------------------------------------------------------------------------- PIMCO VIT Emerging Markets Bond Portfolio - Advisor 0.45% 0.25% 0.40% 1.10% Shares (21) - ------------------------------------------------------------------------------- PIMCO VIT Real Return Portfolio - Advisor Shares 0.25% 0.25% 0.25% 0.75% (21) - ------------------------------------------------------------------------------- PIMCO VIT Total Return Portfolio - Advisor Shares 0.25% 0.25% 0.25% 0.75% (21) - ------------------------------------------------------------------------------- PUTNAM VARIABLE TRUST - ------------------------------------------------------------------------------- Putnam VT Growth and Income 0.49% 0.25% 0.05% 0.79% Fund - Class IB (4) - ------------------------------------------------------------------------------- Putnam VT International 0.75% 0.25% 0.18% 1.18% Equity Fund - Class IB - ------------------------------------------------------------------------------- Putnam VT Investors Fund - 0.65% 0.25% 0.10% 1.00% Class IB (22) - ------------------------------------------------------------------------------- Putnam VT New Value Fund - 0.68% 0.25% 0.08% 1.01% Class IB - ------------------------------------------------------------------------------- Putnam VT The George Putnam 0.62% 0.25% 0.10% 0.97% Fund of Boston - Class IB - ------------------------------------------------------------------------------- Putnam VT Voyager Fund - 0.57% 0.25% 0.06% 0.88% Class IB - ------------------------------------------------------------------------------- 16 PROSPECTUS

(1) Expenses are shown as a percentage of Portfolio average daily net assets (before any waiver or reimbursement) as of December 31, 2005 (except as otherwise noted). (2) Effective May 1, 2006, the Goldman Sachs VIT Mid Cap Value Sub-Account, Morgan Stanley VIS European Equity - Class Y Sub-Account and Morgan Stanley VIS Limited Duration - Class Y Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts you may continue your investments. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) Effective June 1, 2005, Morgan Stanley Investment Advisors Inc., has agreed to cap the Portfolio's operating expenses (except for distribution fees) by assuming the Portfolio's "other expenses" and/or waiving the Portfolio's advisory fees, and Morgan Stanley Services Company Inc., the Portfolio's Administrator, has agreed to waive the Portfolio's administrative fees, to the extent such operating expenses on an annualized basis exceed 1.0% of the average daily net assets of the Portfolio. Had the cap not been in place, "Advisory Fees", "12b-1 fees", "Other Expenses", and "Total Annual Portfolio Expenses" would have been 0.88%, 0.25%, 0.18%, and 1.31%, respectively. (4) Effective May 1, 2005, the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II Sub-Account, the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, the Morgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Accounts are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If prior to May 1, 2005, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (5) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006 and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account will replace the Morgan Stanley VIS Information Class Y Sub-Account unless you instruct us otherwise. (6) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (7) The fees disclosed in the Table reflect gross ratios prior to any voluntary waivers/reimbursements of expenses by the adviser. The adviser has voluntarily agreed to waive a portion or all of its management fee and/or reimburse expenses to the extent necessary so that "Total Annual Portfolio Expenses," excluding certain investment related expenses such as foreign country tax expense and interest expense on borrowing, do not exceed the "Operating "Expense Limitation" in the table below. The adviser may terminate these voluntary waivers at any time at its sole discretion. Additionally, the distributor has agreed to waive a portion of the "Rule 12b-1 Fees" for Class II shares. The distributor may terminate these voluntary waivers at any time at its sole discretion. After such reductions, the "Management Fees", "Rule 12b1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Total Operating Rule Portfolio Expense Management 12b-1 Other Annual Portfolio Limitation Fees Fees Expenses Expenses - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt Portfolio, Class II 1.35% 0.75% 0.05% 0.34% 1.14% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Equity Portfolio, Class II 1.70% 1.24% 0.05% 0.41% 1.70% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income Portfolio, Class II 1.00% 0.46% 0.05% 0.32% 0.83% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth Portfolio, Class II 1.10% 0.50% 0.25% 0.33% 1.08% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise Portfolio, Class II 1.20% 0.46% 0.05% 0.69% 1.20% - -------------------------------------------------------------------------------------------------------------------------------- 17 PROSPECTUS

Van Kampen UIF International Growth Equity Portfolio, Class II 1.74% 0.46% 0.25% 0.64% 1.35% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth Portfolio, Class II 1.15% 0.71% 0.10% 0.34% 1.15% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth Portfolio, Class II 1.25% 0.36% 0.05% 0.84% 1.25% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II 1.15% 0.72% 0.10% 0.29% 1.11% - -------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate Portfolio, Class II 1.35% 0.75% 0.25% 0.28% 1.28% - -------------------------------------------------------------------------------------------------------------------------------- (8) For the year ended December 31, 2005, the adviser voluntarily waived $117,800 of its investment advisory fees. The adviser has agreed to waive all expenses in excess of 1.26% of average daily net assets. This waiver is voluntary in nature and can be discontinued at the adviser's discretion. (9) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. When the effects of the contractual fee waiver is taken into consideration, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were 0.67%, 0.25%, 0.30% and 1.22%, respectively. (10) The Fund's advisor has contractually agreed to waive advisory fees and/or reimburse expenses of Series II shares to the extent necessary to limit "Total Annual Portfolio Expenses" of Series II shares to 1.45% of average daily net assets. In determining the advisor's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the "Total Annual Portfolio Expenses" to exceed the limit stated above (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary items; (v) expenses related to a merger or reorganization, as approved by the Portfolio's Board of Trustees and (vi) expenses that the Portfolio incurred but did not actually pay because of an expense offset arrangement. The expense limitation agreement is in effect through April 30, 2007. (11) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed. (12) The Fund's advisor has contractually agreed to waive advisory fees and/or reimburse expenses of Series II shares to the extent necessary to limit "Total Annual Portfolio Expenses" of Series II shares to 1.16% of average daily net assets. In determining the advisor's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the "Total Annual Portfolio Expenses" to exceed the limit stated above (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary items; (v) expenses related to a merger or reorganization, as approved by the Portfolio's Board of Trustees and (vi) expenses that the Portfolio incurred but did not actually pay because of an expense offset arrangement. The expense limitation agreement is in effect through April 30, 2007. (13) A portion of the brokerage commissions that the Portfolio pays may be reimbursed and used to reduce the Portfolio's expenses. In addition, through arrangements with the Portfolio's custodian, credits realized as a result of uninvested cash balances are used to reduce the Portfolio's custodian expenses. Including these reductions, the "Total Annual Portfolio Expenses" would have been 0.89% for both Fidelity VIP Contrafund(R) Portfolio - Service Class 2 and Fidelity VIP Mid Cap Portfolio - Service Class 2. These offsets may be discontinued at any time. (14) While the maximum amount payable under the Portfolio's Rule 12b-1 plan is 0.35% per year of the Portfolio's class average annual net assets, the Board of Trustees has set the current rate at 0.25% per year. (15) Operating expenses are annualized. (16) The manager and administrator have agreed in advance to waive or limit their respective fees and, if necessary, to assume, at their own expense, certain expenses otherwise payable by the Portfolio (other than certain expenses, including litigation, indemnification or other extraordinary events) so that "Total Annual Portfolio Expenses" do not exceed 0.93%. The manager also has agreed to reduce its fees to reflect reduced services resulting from a Portfolio's investment in the Sweep Money Fund. Before these fee waivers and reductions, the "Management Fees" 18 PROSPECTUS

and "Total Operating Expenses" for the period ended December 31, 2005, would have been 0.75% and 1.48% respectively. After April 30, 2007, the manager and administrator may discontinue the fee waiver. The manager, however, is required by the board and an SEC exemptive order to reduce its fees with respect to assets invested by a Fund in the Sweep Money Fund. (17) The Fund administration fee is paid indirectly through the management fee. (18) The Portfolio's manager has agreed in advance to reduce its fees from assets invested by the Portfolio in a Franklin Templeton Money Market Fund (the Sweep Money Fund). This reduction is required by the Portfolio's Board of Trustees and an order by the Securities and Exchange Commission. With this reduction, "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses" would have been 0.65%, 0.25%, 0.17% and 1.07%, respectively. (19) The Investment Adviser has entered into the following "Management Fees" reduction commitment for the Portfolios, which were implemented on a voluntary basis beginning July 1, 2005, and on a contractual basis as of the date of this Prospectus. Below is the schedule for the "Management Fees," which is based on the average daily net assets: Portfolio First $1 Billion Second $1 Billion Over $2 Billion - -------------------------------------------------------------------------------------------- Goldman Sachs VIT Growth and Income 0.75% 0.68% 0.65% Fund - -------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured Small 0.75% 0.75% 0.68% Cap Equity Fund - -------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured U.S. 0.65% 0.59% 0.56% Equity Fund - -------------------------------------------------------------------------------------------- (20) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund and the Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed their names to the Goldman Sachs VIT Structured Small Cap Equity Fund and the Goldman Sachs VIT Structured U.S. Equity Fund, respectively. (21) The Portfolio's Advisor Shares were not operational during 2005, the fees in the Table are estimated based on the Administrative Shares for the year ended December 31, 2005, adjusted to reflect the fees for the Advisor Shares. (22) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account is no longer available for new investments. If you are currently invested in this Variable Sub-Account, you may continue your investment. If prior to May 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 19 PROSPECTUS

EXAMPLE 1 This Example is intended to help you compare the cost of investing in the Contracts with the cost of investing in other variable annuity contracts. These costs include Contract owner transaction expenses, Contract fees, Variable Account annual expenses (with a 0.19% annual administrative charge), and Portfolio fees and expenses. The example shows the dollar amount of expenses that you would bear directly or indirectly if you: .. invested $10,000 in the Contract for the time periods indicated; .. earned a 5% annual return on your investment; .. surrendered your Contract, or you began receiving income payments for a specified period of less than 120 months, at the end of each time period; .. elected the MAV Death Benefit Option and the Enhanced Beneficiary Protection (Annual Increase) Option; .. elected the Earnings Protection Death Benefit Option (assuming issue age 71-79); .. elected the Spousal Protection Benefit (Co-Annuitant) Option; and .. elected the SureIncome Plus Withdrawal Benefit Option. THE EXAMPLE DOES NOT INCLUDE ANY TAXES OR TAX PENALTIES YOU MAY BE REQUIRED TO PAY IF YOU SURRENDER YOUR CONTRACT. The first line of the example assumes that the maximum fees and expenses of any of the Portfolios are charged. The second line of the example assumes that the minimum fees and expenses of any of the Portfolios are charged. Your actual expenses may be higher or lower than those shown below. Allstate Variable Annuity Allstate Variable Annuity - L Share 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------------------------------------------------------------ Costs Based on Maximum Annual Portfolio Expenses $1,134 $2,046 $2,966 $5,465 $1,090 $1,738 $2,894 $5,777 - ------------------------------------------------------------------------------------------------------------------------------------ Costs Based on Minimum Annual Portfolio Expenses $ 982 $1,607 $2,259 $4,190 $ 938 $1,302 $2,200 $4,554 - ------------------------------------------------------------------------------------------------------------------------------------ EXAMPLE 2 THIS EXAMPLE USES THE SAME ASSUMPTIONS AS EXAMPLE 1 ABOVE, EXCEPT THAT IT ASSUMES YOU DECIDED NOT TO SURRENDER YOUR CONTRACT, OR YOU BEGAN RECEIVING INCOME PAYMENTS FOR A SPECIFIED PERIOD OF AT LEAST 120 MONTHS, AT THE END OF EACH TIME PERIOD. Allstate Variable Annuity Allstate Variable Annuity - L Share 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years - ---------------------------------------------------------------------------------------------------- Costs Based on Maximum Annual Portfolio $539 $1,621 $2,711 $5,465 $580 $1,738 $2,894 $5,777 Expenses - ---------------------------------------------------------------------------------------------------- Costs Based on Minimum Annual Portfolio $387 $1,182 $2,004 $4,190 $428 $1,302 $2,200 $4,554 Expenses - ---------------------------------------------------------------------------------------------------- PLEASE REMEMBER THAT YOU ARE LOOKING AT EXAMPLES AND NOT A REPRESENTATION OF PAST OR FUTURE EXPENSES. YOUR RATE OF RETURN MAY BE HIGHER OR LOWER THAN 5%, WHICH IS NOT GUARANTEED. THE EXAMPLES DO NOT ASSUME THAT ANY PORTFOLIO EXPENSE WAIVERS OR REIMBURSEMENT ARRANGEMENTS ARE IN EFFECT FOR THE PERIODS PRESENTED. THE EXAMPLES REFLECT THE FREE WITHDRAWAL AMOUNTS, IF APPLICABLE, AND THE DEDUCTION OF THE ANNUAL CONTRACT MAINTENANCE CHARGE OF $30 EACH YEAR. THE ABOVE EXAMPLES ASSUME YOU HAVE SELECTED THE MAV DEATH BENEFIT OPTION AND THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, THE EARNINGS PROTECTION DEATH BENEFIT OPTION (ASSUMING THE OLDEST CONTRACT OWNER OR ANNUITANT IS AGE 71 OR OLDER, AND ALL ARE AGE 79 OR YOUNGER ON THE RIDER APPLICATION DATE), THE SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION AND THE SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION. IF ANY OR ALL OF THESE FEATURES WERE NOT ELECTED, THE EXPENSE FIGURES SHOWN ABOVE WOULD BE SLIGHTLY LOWER. 20 PROSPECTUS

FINANCIAL INFORMATION - -------------------------------------------------------------------------------- To measure the value of your investment in the Variable Sub-Accounts during the Accumulation Phase, we use a unit of measure we call the "ACCUMULATION UNIT." Each Variable Sub-Account has a separate value for its Accumulation Units we call "ACCUMULATION UNIT VALUE." Accumulation Unit Value is analogous to, but not the same as, the share price of a mutual fund. Accumulation Unit Values for the lowest and highest available combinations of Contract charges that affect Accumulation Unit Values for each Contract are shown in Appendix K to this prospectus. The Statement of Additional Information contains the Accumulation Unit Values for all other available combinations of Contract charges that affect Accumulation Unit Values for each Contract. The consolidated financial statements of Allstate Life and the financial statements of the Variable Account, which are comprised of the underlying financial statements of the Sub-Accounts, appear in the Statement of Additional Information. No Accumulation Unit Values are shown for the following Variable Sub-Accounts which were first offered under the Contracts on May 1, 2006: Fidelity VIP Money Market - Service Class 2 Sub-Account, PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account, PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account, PIMCO VIT Real Return - Advisor Shares Sub-Account, PIMCO VIT Total Return - Advisor Shares Sub-Account and Van Kampen UIF International Growth Equity, Class II Sub-Account. In addition, no Accumulation Unit Values are shown for Contracts with administrative expense charges of 0.30% which applies to Contracts purchased on or after January 1, 2005, and prior to October 17, 2005; effective October 17, 2005, and thereafter, the administrative expense charge applied to such Contracts is 0.19%. THE CONTRACTS - -------------------------------------------------------------------------------- CONTRACT OWNER Each Contract is an agreement between you, the Contract Owner, and Allstate Life, a life insurance company. As the Contract Owner, you may exercise all of the rights and privileges provided to you by the Contract. That means it is up to you to select or change (to the extent permitted): .. the investment alternatives during the Accumulation and Payout Phases, .. the amount and timing of your purchase payments and withdrawals, .. the programs you want to use to invest or withdraw money, .. the income payment plan(s) you want to use to receive retirement income, .. the Annuitant (either yourself or someone else) on whose life the income payments will be based, .. the Beneficiary or Beneficiaries who will receive the benefits that the Contract provides when the last surviving Contract Owner or the Annuitant dies, and .. any other rights that the Contract provides, including restricting income payments to Beneficiaries. If you die, any surviving joint Contract Owner or, if none, the Beneficiary may exercise the rights and privileges provided to them by the Contract. If the sole surviving Contract Owner dies after the Payout Start Date, the Primary Beneficiary will receive any guaranteed income payments scheduled to continue. If the Annuitant dies prior to the Payout Start Date and the Contract Owner is a grantor trust not established by a business, the new Contract Owner will be the Beneficiary(ies). The Contract cannot be jointly owned by both a non-living person and a living person unless the Contract Owner(s) assumed ownership of the Contract as a Beneficiary(ies). The maximum age of any Contract Owner on the date we receive the completed application for each Contract is 90. If you select the Enhanced Beneficiary Protection (MAV) Option, the Enhanced Beneficiary Protection (Annual Increase) Option, or the Earnings Protection Death Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is currently age 79. If you select the Spousal Protection Benefit (Co-Annuitant) Option or the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts (CSP), the maximum age of any Contract Owner or beneficial owner for CSP on the Rider Application Date is currently age 90. If you select the SureIncome Plus Withdrawal Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is age 80. If you select the SureIncome For Life Withdrawal Benefit Option, the minimum and maximum ages of the oldest Contract Owner (oldest annuitant if Contract Owner is a non-living person) on the Rider Application Date are ages 50 and 79, respectively. The Contract can also be purchased as an IRA or TSA (also known as a 403(b)). The endorsements required to qualify these annuities under the Internal Revenue Code of 1986, as amended, ("Code") may limit or modify your rights and privileges under the Contract. We use the term "QUALIFIED CONTRACT" to refer to a Contract issued as an IRA, 403(b), or with a Qualified Plan. 21 PROSPECTUS

Except for certain retirement plans, you may change the Contract Owner at any time by written notice in a form satisfactory to us. Until we receive your written notice to change the Contract Owner, we are entitled to rely on the most recent information in our files. We will provide a change of ownership form to be signed by you and filed with us. Once we accept the change, the change will take effect as of the date you signed the request. We will not be liable for any payment or settlement made prior to accepting the change. Accordingly, if you wish to change the Contract Owner, you should deliver your written notice to us promptly. Each change is subject to any payment we make or other action we take before we accept it. Changing ownership of this Contract may cause adverse tax consequences and may not be allowed under Qualified Plans. Please consult with a competent tax advisor prior to making a request for a change of Contract Owner. ANNUITANT The Annuitant is the individual whose age determines the latest Payout Start Date and whose life determines the amount and duration of income payments (other than under Income Plan 3). You may not change the Annuitant at any time. You may designate a joint Annuitant, who is a second person on whose life income payments depend, at the time you select an Income Plan. Additional restrictions may apply in the case of Qualified Plans. The maximum age of the Annuitant on the date we receive the completed application for each Contract is age 90. If you select the Enhanced Beneficiary Protection (MAV) Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option or the Earnings Protection Death Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 79. If you select the Spousal Protection Benefit (Co-Annuitant) Option, the maximum age of any Annuitant on the Rider Application Date is age 90. If you select the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts, the maximum age of any Annuitant on the Rider Application Date is age 90. If you select the Income Protection Benefit Option, the oldest Annuitant and joint Annuitant (if applicable) must be age 75 or younger on the Payout Start Date. If you select the SureIncome Plus Withdrawal Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 80. If you select the SureIncome For Life Withdrawal Benefit Option, the minimum and maximum ages of the oldest annuitant, if the Contract Owner is a non-living person, on the Rider Application Date are ages 50 and 79, respectively. If you select an Income Plan that depends on the Annuitant or a joint Annuitant's life, we may require proof of age and sex before income payments begin and proof that the Annuitant or joint Annuitant is still alive before we make each payment. CO-ANNUITANT SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION Contract Owners of IRA Contracts that meet the following conditions and that elect the Spousal Protection Benefit Option may name their spouse as a Co-Annuitant: .. the individually owned Contract must be either a traditional, Roth, or Simplified Employee Pension IRA; .. the Contract Owner must be age 90 or younger on the Rider Application Date; .. the Co-Annuitant must be age 79 or younger on the Rider Application Date; and .. the Co-Annuitant must be the sole Primary Beneficiary under the Contract. Under the Spousal Protection Benefit (Co-Annuitant) Option, the Co-Annuitant will be considered to be an Annuitant during the Accumulation Phase, except the Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date or upon the death of the Co-Annuitant. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. At any time, there may only be one Co-Annuitant under your Contract. See "Spousal Protection Benefit Option and Death of Co-Annuitant" for more information. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS. Contracts that meet the following conditions and that elect the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts may name the spouse of the Annuitant as a Co-Annuitant: .. the beneficially owned Contract must be a Custodial traditional IRA, Custodial Roth IRA, or a Custodial Simplified Employee Pension IRA; .. the Annuitant must be the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA; .. the Co-Annuitant must be the legal spouse of the Annuitant and only one Co-Annuitant may be named; .. the Co-Annuitant must be the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA; .. the Annuitant must be age 90 or younger on the Rider Application Date; and .. the Co-Annuitant must be age 79 or younger on the Rider Application Date. Under the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts, 22 PROSPECTUS

ASSIGNMENT You may not assign an interest in this Contract as collateral or security for a loan. However, you may assign periodic income payments under this Contract prior to the Payout Start Date. No Beneficiary may assign benefits under the Contract until they are due. We will not be bound by any assignment until the assignor signs it and files it with us. We are not responsible for the validity of any assignment. Federal law prohibits or restricts the assignment of benefits under many types of retirement plans and the terms of such plans may themselves contain restrictions on assignments. An assignment may also result in taxes or tax penalties. YOU SHOULD CONSULT WITH AN ATTORNEY BEFORE TRYING TO ASSIGN PERIODIC INCOME PAYMENTS UNDER YOUR CONTRACT. PURCHASES - -------------------------------------------------------------------------------- MINIMUM PURCHASE PAYMENTS The minimum initial purchase payment for Non- Qualified Contracts is $10,000, ($2,000 for Contracts issued with an IRA or TSA). All subsequent purchase payments under a Contract must be $1,000 or more ($50 for automatic payments). You may make purchase payments at any time prior to the Payout Start Date; however, additional payments may be limited in some states. Please consult with your Morgan Stanley Financial Advisor for details. The total amount of purchase payments we will accept for each Contract without our prior approval is $1,000,000. We reserve the right to accept a lesser initial purchase payment amount or lesser subsequent purchase payment amounts. We reserve the right to limit the availability of the investment alternatives for additional investments. We also reserve the right to reject any application. AUTOMATIC ADDITIONS PROGRAM You may make subsequent purchase payments of $50 or more per month by automatically transferring money from your bank account. Please consult with your Morgan Stanley Financial Advisor for detailed information. The AUTOMATIC ADDITIONS PROGRAM is not available for making purchase payments into the Dollar Cost Averaging Fixed Account Option. ALLOCATION OF PURCHASE PAYMENTS At the time you apply for a Contract, you must decide how to allocate your purchase payment among the investment alternatives. The allocation you specify on your application will be effective immediately. All allocations must be in whole percents that total 100% or in whole dollars. You can change your allocations by calling us at 1-800-654-2397. We will allocate your purchase payments to the investment alternatives according to your most recent instructions on file with us. Unless you notify us otherwise, we will allocate subsequent purchase payments according to the allocation for the previous purchase payment. We will effect any change in allocation instructions at the time we receive written notice of the change in good order. We will credit the initial purchase payment that accompanies your completed application to your Contract within 2 business days after we receive the payment at our home office. If your application is incomplete, we will ask you to complete your application within 5 business days. If you do so, we will credit your initial purchase payment to your Contract within that 5 business day period. If you do not, we will return your purchase payment at the end of the 5 business day period unless you expressly allow us to hold it until you complete the application. We will credit subsequent purchase payments to the Contract at the close of the business day on which we receive the purchase payment at our home office. We use the term "business day" to refer to each day Monday through Friday that the New York Stock Exchange is open for business. We also refer to these days as "Valuation Dates." Our business day closes when the New York Stock Exchange closes for regular trading, usually 4:00 p.m. Eastern Time (3:00 p.m. Central Time). If we receive your purchase payment after 3:00 p.m. Central Time on any Valuation Date, we will credit your purchase payment using the Accumulation Unit Values computed on the next Valuation Date. TRIAL EXAMINATION PERIOD You may cancel your Contract by providing us with written notice within the Trial Examination Period, which is the 20 day period after you receive the Contract, or such longer period that your state may require. If you exercise this "RIGHT TO CANCEL," the Contract terminates and we will pay you the full amount of your purchase payments allocated to the Fixed Account. We also will return your purchase payments allocated to the Variable Account adjusted, to the extent federal or state law permits, to reflect investment gain or loss, including the deduction of mortality and expense risk charges and administrative expense charges, that occurred from the date of allocation through the date of cancellation. If your Contract is qualified under Code Section 408(b), we will refund the greater of any purchase payments or the Contract Value. We reserve the right to allocate your purchase payments to the Morgan Stanley VIS Money Market - Class Y Sub-Account during the Trial Examination Period. For Contracts purchased in California by persons age 60 and older, you may elect to defer until the end of the Trial Examination Period allocation of your purchase payment to the Variable Sub-Accounts. Unless you instruct otherwise, upon making this election, your 24 PROSPECTUS

purchase payment will be allocated to the Morgan Stanley VIS Money Market - Class Y Sub-Account. On the next Valuation Date, 40 days after the Issue Date, your Contract Value will then be reallocated in accordance with your most recent investment allocation instructions. State laws vary and may require a different period, other variations or adjustments. Please refer to your Contract for state specific information. CONTRACT VALUE - -------------------------------------------------------------------------------- On the Issue Date, the Contract Value is equal to your initial purchase payment. Thereafter, your Contract Value at any time during the Accumulation Phase is equal to the sum of the value of your Accumulation Units in the Variable Sub-Accounts you have selected, plus your value in the Fixed Account Option(s) offered by your Contract. ACCUMULATION UNITS To determine the number of Accumulation Units of each Variable Sub-Account to allocate to your Contract, we divide (i) the amount of the purchase payment or transfer you have allocated to a Variable Sub-Account by (ii) the Accumulation Unit Value of that Variable Sub-Account next computed after we receive your payment or transfer. For example, if we receive a $10,000 purchase payment allocated to a Variable Sub-Account when the Accumulation Unit Value for the Sub-Account is $10, we would credit 1,000 Accumulation Units of that Variable Sub-Account to your Contract. Withdrawals and transfers from a Variable Sub-Account would, of course, reduce the number of Accumulation Units of that Sub-Account allocated to your Contract. ACCUMULATION UNIT VALUE As a general matter, the Accumulation Unit Value for each Variable Sub-Account for each Contract will rise or fall to reflect: .. changes in the share price of the Portfolio in which the Variable Sub-Account invests, and .. the deduction of amounts reflecting the mortality and expense risk charge, administrative expense charge, and any provision for taxes that have accrued since we last calculated the Accumulation Unit Value. We determine any applicable withdrawal charges, Rider Fees (if applicable), transfer fees, and contract maintenance charges separately for each Contract. They do not affect the Accumulation Unit Value. Instead, we obtain payment of those charges and fees by redeeming Accumulation Units. For details on how we compute Accumulation Unit Values, please refer to the Statement of Additional Information. We determine a separate Accumulation Unit Value for each Variable Sub-Account for each Contract on each Valuation Date. We also determine a separate set of Accumulation Unit Values that reflect the cost of each optional benefit, or available combination thereof, offered under the Contract. YOU SHOULD REFER TO THE PROSPECTUSES FOR THE FUNDS FOR A DESCRIPTION OF HOW THE ASSETS OF EACH PORTFOLIO ARE VALUED, SINCE THAT DETERMINATION DIRECTLY BEARS ON THE ACCUMULATION UNIT VALUE OF THE CORRESPONDING VARIABLE SUB-ACCOUNT AND, THEREFORE, YOUR CONTRACT VALUE. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION We offer the TrueReturn/SM/ Accumulation Benefit Option, which is available for an additional fee. The TrueReturn Option guarantees a minimum Contract Value on the "RIDER MATURITY DATE." The Rider Maturity Date is determined by the length of the Rider Period which you select. The Option provides no minimum Contract Value if the Option terminates before the Rider Maturity Date. See "Termination of the TrueReturn Option" below for details on termination. The TrueReturn Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the TrueReturn Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the TrueReturn Option. Currently, you may have only one TrueReturn Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a TrueReturn Option, a Retirement Income Guarantee Option or a Withdrawal Benefit Option. The TrueReturn Option has no maximum issue age, however the Rider Maturity Date must occur before the latest Payout Start Date, which is the later of the Annuitant's 99th birthday or the 10th Contract Anniversary. Once added to your Contract, the TrueReturn Option may be cancelled at any time on or after the 5th Rider Anniversary by notifying us in writing in a form satisfactory to us. The "RIDER ANNIVERSARY" is the anniversary of the Rider Date. We reserve the right to extend the date on which the TrueReturn Option may be cancelled to up to the 10th Rider Anniversary at any time in our sole discretion. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. When you add the TrueReturn Option to your Contract, you must select a Rider Period and a Guarantee Option. The Rider Period and Guarantee Option you select determine the AB Factor, which is used to determine the Accumulation Benefit, described below. The "RIDER 25 PROSPECTUS

PERIOD" begins on the Rider Date and ends on the Rider Maturity Date. The "RIDER DATE" is the date the TrueReturn Option was made a part of your Contract. We currently offer Rider Periods ranging from 8 to 20 years depending on the Guarantee Option you select. You may select any Rider Period from among those we currently offer, provided the Rider Maturity Date occurs prior to the latest Payout Start Date. We reserve the right to offer additional Rider Periods in the future, and to discontinue offering any of the Rider Periods at any time. Each Model Portfolio Option available under a Guarantee Option has specific investment requirements that are described in the "Investment Requirements" section below and may depend upon the Rider Date of your TrueReturn Option. We reserve the right to offer additional Guarantee Options in the future, and to discontinue offering any of the Guarantee Options at any time. After the Rider Date, the Rider Period and Guarantee Option may not be changed. The TrueReturn Option may not be available in all states. We may discontinue offering the TrueReturn Option at any time to new Contract Owners and to existing Contract Owners who did not elect the Option prior to the date of discontinuance. ACCUMULATION BENEFIT. On the Rider Maturity Date, if the Accumulation Benefit is greater than the Contract Value, then the Contract Value will be increased to equal the Accumulation Benefit. The excess amount of any such increase will be allocated to the Morgan Stanley VIS Money Market - Class Y Sub-Account. You may transfer the excess amount out of the Morgan Stanley VIS Money Market - Class Y Sub-Account and into another investment alternative at any time thereafter. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. Prior to the Rider Maturity Date, the Accumulation Benefit will not be available as a Contract Value, Settlement Value, or Death Proceeds. Additionally, we will not pay an Accumulation Benefit if the TrueReturn Option is terminated for any reason prior to the Rider Maturity Date. After the Rider Maturity Date, the TrueReturn Option provides no additional benefit. The "ACCUMULATION BENEFIT" is equal to the Benefit Base multiplied by the AB Factor. The "AB FACTOR" is determined by the Rider Period and Guarantee Option you selected as of the Rider Date. The following table shows the AB Factors available for the Rider Periods and Guarantee Options we currently offer. AB FACTORS RIDER PERIOD GUARANTEE GUARANTEE (NUMBER OF YEARS) OPTION 1 OPTION 2 - --------------------------------------------- 8 100.0% NA - --------------------------------------------- 9 112.5% NA - --------------------------------------------- 10 125.0% 100.0% - --------------------------------------------- 11 137.5% 110.0% - --------------------------------------------- 12 150.0% 120.0% - --------------------------------------------- 13 162.5% 130.0% - --------------------------------------------- 14 175.0% 140.0% - --------------------------------------------- 15 187.5% 150.0% - --------------------------------------------- 16 200.0% 160.0% - --------------------------------------------- 17 212.5% 170.0% - --------------------------------------------- 18 225.0% 180.0% - --------------------------------------------- 19 237.5% 190.0% - --------------------------------------------- 20 250.0% 200.0% - --------------------------------------------- The following examples illustrate the Accumulation Benefit calculations under Guarantee Options 1 and 2 on the Rider Maturity Date. For the purpose of illustrating the Accumulation Benefit calculation, the examples assume the Benefit Base is the same on the Rider Date and the Rider Maturity Date. Example 1: Guarantee Option 1 Guarantee Option: 1 Rider Period: 15 AB Factor: 187.5% Rider Date: 1/2/04 Rider Maturity Date: 1/2/19 Benefit Base on Rider Date: $50,000 Benefit Base on rider Maturity Date: $50,000 On the Rider Maturity Date (1/2/19): Accumulation Benefit = Benefit Base on Rider Maturity Date X AB Factor = $50,000 X 187.5% = $93,750 Example 2: Guarantee Option 2 Guarantee Option: 2 Rider Period: 15 AB Factor: 150.0% Rider Date: 1/2/04 Rider Maturity Date: 1/2/19 Benefit Base on Rider Date: $50,000 Benefit Base on rider Maturity Date: $50,000 On the Rider Maturity Date (1/2/19): Accumulation Benefit = Benefit Base on Rider Maturity Date X AB Factor = $50,000 X 150.0% = $75,000 Guarantee Option 1 offers a higher AB Factor and more rider periods than Guarantee Option 2. Guarantee Option 1 and Guarantee Option 2 have different investment restrictions. See "Investment Requirements" below for more information. 26 PROSPECTUS

BENEFIT BASE. The Benefit Base is used solely for purposes of determining the Rider Fee and the Accumulation Benefit. The Benefit Base is not available as a Contract Value, Settlement Value, or Death Proceeds. On the Rider Date, the "Benefit Base" is equal to the Contract Value. After the Rider Date, the Benefit Base will be recalculated for purchase payments and withdrawals as follows: .. The Benefit Base will be increased by purchase payments made prior to or on the first Contract Anniversary following the Rider Date. Subject to the terms and conditions of your Contract, you may add purchase payments after this date, but they will not be included in the calculation of the Benefit Base. THEREFORE, IF YOU PLAN TO MAKE PURCHASE PAYMENTS AFTER THE FIRST CONTRACT ANNIVERSARY FOLLOWING THE RIDER DATE, YOU SHOULD CONSIDER CAREFULLY WHETHER THIS OPTION IS APPROPRIATE FOR YOUR NEEDS. .. The Benefit Base will be decreased by a Withdrawal Adjustment for each withdrawal you make. The Withdrawal Adjustment is equal to (a) divided by (b), with the result multiplied by (c), where: (a) = the withdrawal amount; (b) = the Contract Value immediately prior to the withdrawal; and (c) = the Benefit Base immediately prior to the withdrawal. Withdrawals taken prior to annuitization (referred to in this prospectus as the Payout Phase) are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. A withdrawal charge also may apply. See Appendix G for numerical examples that illustrate how the Withdrawal Adjustment is applied. The Benefit Base will never be less than zero. INVESTMENT REQUIREMENTS. If you add the TrueReturn Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest during the Rider Period. The specific requirements will depend on the model portfolio option ("Model Portfolio Option") you have selected and the effective date of your TrueReturn Option. These requirements are described below in more detail. These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-Accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-Accounts, and restrictions on transfers to or from certain investment alternatives. We may also require that you use the Automatic Portfolio Rebalancing Program. We may change the specific requirements that are applicable to a Guarantee Option or a Model Portfolio Option available under a Guarantee Option at any time in our sole discretion. Any changes we make will not apply to a TrueReturn Option that was made a part of your Contract prior to the implementation date of the change, except for changes made due to a change in investment alternatives available under the Contract. Any changes we make will apply to a new TrueReturn Option elected subsequent to the change pursuant to the Rider Trade-In Option. When you add the TrueReturn Option to your Contract, you must allocate your entire Contract Value as follows: (1) to a Model Portfolio Option available with the Guarantee Option you selected, as defined below; or (2) to the DCA Fixed Account Option and then transfer all purchase payments and interest according to a Model Portfolio Option available with the Guarantee Option you selected; or (3) to a combination of (1) and (2) above. For (2) and (3) above, the requirements for the DCA Fixed Account Option must be met. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. On the Rider Date, you must select only one of the Model Portfolio Options in which to allocate your Contract Value. After the Rider Date, you may transfer your entire Contract Value to any of the other Model Portfolio Options available with your Guarantee Option. We currently offer several Model Portfolio Options with each of the available Guarantee Options. The Model Portfolio Options that are available under Guarantee Options may differ depending upon the effective date of your TrueReturn Option. Please refer to the Model Portfolio Option 1, Model Portfolio Option 2 and TrueBalance/SM/ Model Portfolio Options sections below for more details. We may add other Model Portfolio Options in the future. We also may remove Model Portfolio Options in the future anytime prior to the date you select such Model Portfolio Option. In addition, if the investment alternatives available under the Contract change, we may revise the Model Portfolio Options. The following table summarizes the Model Portfolio Options 27 PROSPECTUS

currently available for use with each Guarantee Option under the TrueReturn Option: GUARANTEE OPTION 1 GUARANTEE OPTION 2 - ------------------------------------------------------------------------------------------------------------ * Model Portfolio Option 1 * Model Portfolio Option 2 * TrueBalance Conservative Model Portfolio Option * TrueBalance Conservative Model * TrueBalance Moderately Conservative Model Portfolio Option Portfolio Option * TrueBalance Moderately Conservative Model Portfolio Option * TrueBalance Moderate Model Portfolio Option * TrueBalance Moderately Aggressive Model Portfolio Option * TrueBalance Aggressive Model Portfolio Option - ------------------------------------------------------------------------------------------------------------ You may not allocate any of your Contract Value to the Standard Fixed Account Option or to the MVA Fixed Account Option. You must transfer any portion of your Contract Value that is allocated to the Standard Fixed Account Option or to the MVA Fixed Account Option to the Variable Sub-Accounts prior to adding the TrueReturn Option to your Contract. Transfers from the MVA Fixed Account Option may be subject to a Market Value Adjustment. You may allocate any portion of your purchase payments to the DCA Fixed Account Option on the Rider Date, provided the DCA Fixed Account Option is available with your Contract and in your state. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to the percentage allocations for the Model Portfolio Option you selected. Any subsequent purchase payments made to your Contract will be allocated to the Variable Sub-Accounts according to your specific instructions or your allocation for the previous purchase payment (for Model Portfolio Option 1) or the percentage allocation for your current Model Portfolio Option (for TrueBalance Model Portfolio Options) unless you request that the purchase payment be allocated to the DCA Fixed Account Option. Purchase payments allocated to the DCA Fixed Account Option must be $100 or more. Any withdrawals you request will reduce your Contract Value invested in each of the investment alternatives on a pro rata basis in the proportion that your Contract Value in each bears to your total Contract Value in all Variable Sub-Accounts, unless you request otherwise. MODEL PORTFOLIO OPTION 1. If you choose Model Portfolio Option 1 or transfer your entire Contract Value into Model Portfolio Option 1 under Guarantee Option 1, you must allocate a certain percentage of your Contract Value into each of three asset categories. Please note that certain investment alternatives are not available under Model Portfolio Option 1. You may choose the Variable Sub-Accounts in which you want to invest, provided you maintain the percentage allocation requirements for each category. You may also make transfers among the Variable Sub-Accounts within each category at any time, provided you maintain the percentage allocation requirements for each category. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. Effective October 1, 2004, certain Variable Sub-Accounts under Model Portfolio 1 were reclassified into different asset categories. These changes apply to TrueReturn Options effective prior to and on or after October 1, 2004. The following table describes the percentage allocation requirements for Model Portfolio Option 1 and Variable Sub-Accounts available under each category (1,3,4,6): MODEL PORTFOLIO OPTION 1 - -------------------------------------------------------------------------- 20% Category A 50% Category B 30% Category C 0% Category D - -------------------------------------------------------------------------- CATEGORY A Morgan Stanley VIS Money Market - Class Y Sub-Account Fidelity VIP Money Market - Service Class 2 Sub-Account (5) CATEGORY B Morgan Stanley VIS High Yield - Class Y Sub-Account (1) Morgan Stanley VIS Income Plus - Class Y Sub-Account Morgan Stanley VIS Limited Duration - Class Y Sub-Account (4) Fidelity VIP High Income - Service Class 2 Sub-Account FTVIP Franklin High Income - Class 2 Sub-Account (1) PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account (5) PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account (5) PIMCO VIT Real Return - Advisor Shares Sub-Account (5) PIMCO VIT Total Return - Advisor Shares Sub-Account (5) Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (1)(2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) 28 PROSPECTUS

CATEGORY C Morgan Stanley VIS Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Equity - Class Y Sub-Account Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Income Builder - Class Y Sub-Account (1) Morgan Stanley VIS Strategist - Class Y Sub-Account Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account Morgan Stanley VIS Utilities - Class Y Sub-Account (1) AllianceBernstein Growth - Class B Sub-Account AllianceBernstein Growth and Income - Class B Sub-Account (1) AllianceBernstein International Value - Class B Sub-Account AllianceBernstein Small/Mid Cap Value - Class B Sub-Account AllianceBernstein Utility Income - Class B Sub-Account AllianceBernstein Value - Class B Sub-Account AIM V.I. Basic Value - Series II Sub-Account (1) AIM V.I. Core Equity - Series II Sub-Account (1)(6) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account Fidelity VIP Growth & Income - Service Class 2 Sub-Account Fidelity VIP Mid Cap - Service Class 2 Sub-Account FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Goldman Sachs VIT Structured Small Cap Equity Sub-Account (7) Goldman Sachs VIT Structured U.S. Equity Sub-Account (7) Goldman Sachs VIT Growth and Income Sub-Account Goldman Sachs VIT Mid Cap Value Sub-Account (4) Putnam VT Growth and Income - Class IB Sub-Account (1) Putnam VT International Equity - Class IB Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (2) Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) Van Kampen UIF International Growth Equity, Class II Sub-Account (2)(5) CATEGORY D (VARIABLE SUB-ACCOUNTS NOT AVAILABLE UNDER MODEL PORTFOLIO OPTION 1) Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account Morgan Stanley VIS European Equity - Class Y Sub-Account (4) Morgan Stanley VIS Global Advantage - Class Y Sub-Account (1) Morgan Stanley VIS Information - Class Y Sub-Account (1)(8) AIM V.I. Capital Appreciation - Series II Sub-Account (1) AIM V.I. Mid Cap Core Equity - Series II Sub-Account (1) AllianceBernstein Large Cap Growth - Class B Sub-Account (1) Putnam VT Investors - Class IB Sub-Account (3) Van Kampen LIT Aggressive Growth, Class II Sub-Account Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) EACH CALENDAR QUARTER, WE WILL USE THE AUTOMATIC PORTFOLIO REBALANCING PROGRAM TO AUTOMATICALLY REBALANCE YOUR CONTRACT VALUE IN EACH VARIABLE SUB-ACCOUNT AND RETURN IT TO THE PERCENTAGE ALLOCATION REQUIREMENTS FOR MODEL PORTFOLIO OPTION 1. WE WILL USE THE PERCENTAGE ALLOCATIONS AS OF YOUR MOST RECENT INSTRUCTIONS. 1) Effective May 1, 2005, the following Variable Sub-Accounts closed to new investments: the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II Sub-Account (see no. 6, below), the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, theMorgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account closed to new investments.* 4) Effective May 1, 2006, the following Variable Sub-Accounts closed to new investments: the Goldman Sachs VIT Mid Cap Value Sub-Account, the Morgan Stanley VIS European Equity - Class Y Sub-Account and the Morgan Stanley VIS Limited Duration - Class Y Sub-Account.* 5) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 6) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed.* 7) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund and Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed their names to the Goldman Sachs VIT Structured Small 29 PROSPECTUS

Cap Equity Fund and the Goldman Sachs VIT Structured U.S. Equity Fund, respectively. We have made corresponding changes to the names of the Variable Sub-Accounts that invest in these Portfolios. 8) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account will replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD THIS TRUERETURN OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THIS TRUERETURN OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. MODEL PORTFOLIO OPTION 2 The investment requirements under Model Portfolio Option 2 depend on the Rider Date of your TrueReturn Option. MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004) If your TrueReturn Option Rider Date is prior to October 1, 2004 and you choose Model Portfolio Option 2 or transfer your entire Contract Value into Model Portfolio Option 2, you may allocate your Contract Value among any of a selected group of available Variable Sub-Accounts listed below. You may choose the Variable Sub-Accounts in which you want to invest, provided you maintain the percentage allocation requirements for each category. You may also make transfers among the Variable Sub-Accounts within each category at any time, provided you maintain the percentage allocation requirements for each category. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. The following table describes the percentage allocation requirements for Model Portfolio Option 2 (Rider Date prior to October 1, 2004) and the Variable Sub-Accounts available under each category (1, 3, 4, 6): MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004) - ------------------------------------------------------------------- 10% Category A 20% Category B 50% Category C 20% Category D - ------------------------------------------------------------------- CATEGORY A Morgan Stanley VIS Money Market - Class Y Sub-Account Fidelity VIP Money Market - Service Class 2 Sub-Account (5) CATEGORY B Morgan Stanley VIS High Yield - Class Y Sub-Account(1) Morgan Stanley VIS Income Plus - Class Y Sub-Account Morgan Stanley VIS Limited Duration - Class Y Sub-Account (4) FTVIP Franklin High Income - Class 2 Sub-Account (1) PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account (5) PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account (5) PIMCO VIT Real Return - Advisor Shares Sub-Account (5) PIMCO VIT Total Return - Advisor Shares Sub-Account (5) Fidelity VIP High Income - Service Class 2 Sub-Account Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (1)(2) CATEGORY C Morgan Stanley VIS Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Equity - Class Y Sub-Account Morgan Stanley VIS Income Builder - Class Y Sub-Account (1) Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account Morgan Stanley VIS Strategist - Class Y Sub-Account Morgan Stanley VIS Utilities - Class Y Sub-Account(1) AIM V.I. Basic Value - Series II Sub-Account(1) AIM V.I. Core Equity - Series II Sub-Account(1)(6) AllianceBernstein Growth and Income - Class B Sub-Account(1) AllianceBernstein International Value - Class B Sub-Account AllianceBernstein Utility Income - Class B Sub-Account AllianceBernstein Value - Class B Sub-Account Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account Fidelity VIP Growth & Income - Service Class 2 Sub-Account Fidelity VIP Mid Cap - Service Class 2 Sub-Account FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account 30 PROSPECTUS

Goldman Sachs VIT Structured Small Cap Equity Sub-Account (7) Goldman Sachs VIT Structured U.S. Equity Sub-Account (7) Goldman Sachs VIT Growth and Income Sub-Account Goldman Sachs VIT Mid Cap Value Sub-Account(4) Putnam VT Growth and Income - Class IB Sub-Account(1) Putnam VT New Value - Class IB Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account(2) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account(2) Van Kampen UIF International Growth Equity, Class II Sub-Account (2)(5) CATEGORY D Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account Morgan Stanley VIS European Equity - Class Y Sub-Account (4) Morgan Stanley VIS Global Advantage - Class Y Sub-Account (1) Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Information - Class Y Sub-Account (1)(8) AIM V.I. Capital Appreciation - Series II Sub-Account (1) AIM V.I. Mid Cap Core Equity - Series II Sub-Account (1) AllianceBernstein Growth - Class B Sub-Account AllianceBernstein Large Cap Growth - Class B Sub-Account (1) AllianceBernstein Small/Mid Cap Value - Class B Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account (3) Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (2) Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) EACH CALENDAR QUARTER, WE WILL USE THE AUTOMATIC PORTFOLIO REBALANCING PROGRAM TO AUTOMATICALLY REBALANCE YOUR CONTRACT VALUE IN EACH VARIABLE SUB-ACCOUNT AND RETURN IT TO THE PERCENTAGE ALLOCATION REQUIREMENTS FOR MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004). WE WILL USE THE PERCENTAGE ALLOCATIONS AS OF YOUR MOST RECENT INSTRUCTIONS. 1) Effective May 1, 2005, the following Variable Sub-Accounts closed to new investments: the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II Sub-Account (see no. 6, below), the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, theMorgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account closed to new investments.* 4) Effective May 1, 2006, the following Variable Sub-Accounts closed to new investments: the Goldman Sachs VIT Mid Cap Value Sub-Account, the Morgan Stanley VIS European Equity - Class Y Sub-Account and the Morgan Stanley VIS Limited Duration - Class Y Sub-Account.* 5) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 6) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed.* 7) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund and Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed their names to the Goldman Sachs VIT Structured Small Cap Equity Fund and the Goldman Sachs VIT Structured U.S. Equity Fund, respectively. We have made corresponding changes to the names of the Variable Sub-Accounts that invest in these Portfolios. 8) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost 31 PROSPECTUS

averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account will replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. MODEL PORTFOLIO OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004) If your TrueReturn Option Rider Date is on or after October 1, 2004, and you choose Model Portfolio Option 2 or transfer your entire Contract Value into Model Portfolio Option 2, you may allocate your Contract Value among any of a selected group of available Variable Sub-Accounts listed below. However, you may not allocate your Contract Value among any of the excluded Variable Sub-Accounts listed below. You may choose to invest in or transfer among any of the available Variable Sub-Accounts. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. The following table lists the available and excluded Variable Sub-Accounts under Model Portfolio Option 2 (Rider Date on or after October 1, 2004)(1, 3, 4, 6): MODEL PORTFOLIO OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004) - ------------------------------------------------------------------------------ AVAILABLE Morgan Stanley VIS Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Equity - Class Y Sub-Account Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account Morgan Stanley VIS High Yield - Class Y Sub-Account (1) Morgan Stanley VIS Income Builder - Class Y Sub-Account (1) Morgan Stanley VIS Income Plus - Class Y Sub-Account Morgan Stanley VIS Limited Duration - Class Y Sub-Account (4) Morgan Stanley VIS Money Market - Class Y Sub-Account Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account Morgan Stanley VIS Strategist - Class Y Sub-Account Morgan Stanley VIS Utilities - Class Y Sub-Account(1) AIM V.I. Basic Value - Series II Sub-Account(1) AIM V.I. Core Equity - Series II Sub-Account(1)(6) AllianceBernstein Growth - Class B Sub-Account AllianceBernstein Growth and Income - Class B Sub-Account(1) AllianceBernstein International Value - Class B Sub-Account AllianceBernstein Small/Mid Cap Value - Class B Sub-Account AllianceBernstein Utility Income - Class B Sub-Account AllianceBernstein Value - Class B Sub-Account Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account Fidelity VIP Growth & Income - Service Class 2 Sub-Account Fidelity VIP High Income - Service Class 2 Sub-Account Fidelity VIP Mid Cap - Service Class 2 Sub-Account Fidelity VIP Money Market - Service Class 2 Sub-Account (5) FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin High Income - Class 2 Sub-Account(1) FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Goldman Sachs VIT Structured Small Cap Equity Sub-Account (7) Goldman Sachs VIT Structured U.S. Equity Sub-Account (7) Goldman Sachs VIT Growth and Income Sub-Account Goldman Sachs VIT Mid Cap Value Sub-Account(4) PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account (5) PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account (5) PIMCO VIT Real Return - Advisor Shares Sub-Account (5) PIMCO VIT Total Return - Advisor Shares Sub-Account (5) Putnam VT Growth and Income - Class IB Sub-Account (1) Putnam VT International Equity - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (1)(2) Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (2) Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) Van Kampen UIF International Growth Equity, Class II Sub-Account (2)(5) EXCLUDED Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account Morgan Stanley VIS European Equity - Class Y Sub-Account (4) Morgan Stanley VIS Global Advantage - Class Y Sub-Account (1) Morgan Stanley VIS Information - Class Y Sub-Account (1)(8) AIM V.I. Capital Appreciation - Series II Sub-Account (1) AIM V.I. Mid Cap Core Equity - Series II Sub-Account (1) AllianceBernstein Large Cap Growth - Class B Sub-Account (1) Van Kampen LIT Aggressive Growth, Class II Sub-Account Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) 1) Effective May 1, 2005, the following Variable Sub-Accounts closed to new investments: the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II 32 PROSPECTUS

Sub-Account (see no. 6, below), the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, theMorgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account closed to new investments and is not available with this TrueReturn Option.* 4) Effective May 1, 2006, the following Variable Sub-Accounts closed to new investments: the Goldman Sachs VIT Mid Cap Value Sub-Account, the Morgan Stanley VIS European Equity - Class Y Sub-Account and the Morgan Stanley VIS Limited Duration - Class Y Sub-Account.* 5) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 6) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed.* 7) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund and Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed their names to the Goldman Sachs VIT Structured Small Cap Equity Fund and the Goldman Sachs VIT Structured U.S. Equity Fund, respectively. We have made corresponding changes to the names of the Variable Sub-Accounts that invest in these Portfolios. 8) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account will replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD THIS TRUERETURN OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THIS TRUERETURN OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. TRUEBALANCE/SM/ MODEL PORTFOLIO OPTIONS. If you choose one of the TrueBalance/SM/ Model Portfolio Options or transfer your entire Contract Value into one of the TrueBalance/SM/ Model Portfolio Options, you may not choose the Variable Sub-Accounts or make transfers among the Variable Sub-Accounts in the TrueBalance Model Portfolio Option. Each TrueBalance Model Portfolio involves an allocation of assets among a group of pre-selected Variable Sub-Accounts. You cannot make transfers among the Variable Sub-Accounts nor vary the Variable Sub-Accounts that comprise a TrueBalance Model Portfolio Option. If you choose a TrueBalance Model Portfolio Option, we will invest and periodically reallocate your Contract Value according to the allocation percentages and requirements for the TrueBalance Model Portfolio Option you have selected currently. For more information regarding the TrueBalance program, see the "TrueBalance/SM/ Asset Allocation Program" section of this prospectus. However, note that the restrictions described in this section, specifically the restrictions on transfers and the requirement that all of your Contract Value be allocated 33 PROSPECTUS

to a TrueBalance Model Portfolio Option, apply to the TrueBalance program only if you have added the TrueReturn Option to your Contract. PLEASE NOTE ONLY CERTAIN TRUEBALANCE MODEL PORTFOLIO OPTIONS ARE AVAILABLE WITH YOUR TRUERETURN OPTION AS SUMMARIZED IN THE TABLE UNDER INVESTMENT REQUIREMENTS ABOVE. CANCELLATION OF THE TRUERETURN OPTION. You may not cancel the TrueReturn Option or make transfers, changes to your investment allocations, or changes to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment restrictions applicable to your Guarantee Option and/or Model Portfolio Option prior to the 5th Rider Anniversary. Failure to comply with the investment requirements for any reason may result in the cancellation of the TrueReturn Option. On or after the 5th Rider Anniversary, we will cancel the TrueReturn Option if you make transfers, changes to your investment allocations, or changes to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment requirements applicable to your Guarantee Option and/or Model Portfolio Option. We will not cancel the TrueReturn Option or make any changes to your investment allocations or to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment restrictions applicable to your Guarantee Option until we receive notice from you that you wish to cancel the TrueReturn Option. No Accumulation Benefit will be paid if you cancel the Option prior to the Rider Maturity Date. DEATH OF OWNER OR ANNUITANT. If the Contract Owner or Annuitant dies before the Rider Maturity Date and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provision of your Contract, as described on page 82 of this prospectus, then the TrueReturn Option will continue, unless the new Contract Owner elects to cancel this Option. If the TrueReturn Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D, then the TrueReturn Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. RIDER TRADE-IN OPTION. We offer a "RIDER TRADE-IN OPTION" that allows you to cancel your TrueReturn Option and immediately add a new TrueReturn Option ("NEW OPTION"), provided all of the following conditions are met: .. The trade-in must occur on or after the 5th Rider Anniversary and prior to the Rider Maturity Date. We reserve the right to extend the date at which time the trade-in may occur to up to the 10th anniversary of the Rider Date at any time in our sole discretion. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. .. The New Option will be made a part of your Contract on the date the existing TrueReturn Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The New Option must be a TrueReturn Option that we make available for use with the Rider Trade-In Option. .. The issue requirements and terms and conditions of the New Option must be met as of the date the New Option is made a part of your Contract. For example, if you trade-in your TrueReturn Option: .. the new Rider Fee will be based on the Rider Fee percentage applicable to a new TrueReturn Option at the time of trade-in; .. the Benefit Base for the New Option will be based on the Contract Value as of the new Rider Date; .. the AB Factor will be determined by the Rider Periods and Guarantee Options available with the New Option; .. the Model Portfolio Options will be determined by the Model Portfolio Options offered with the Guarantee Options available with the New Option; .. any waiting period for canceling the New Option will start again on the new Rider Date; .. any waiting period for exercising the Rider Trade-In Option will start again on the new Rider Date; and .. the terms and conditions of the Rider Trade-In Option will be according to the requirements of the New Option. We are also making the SureIncome Plus or SureIncome For Life Withdrawal Benefit Options available at the time of your first utilization of this TrueReturn Rider Trade-In Option. We may discontinue offering these Withdrawal Benefit Options under the Rider Trade-In Option with respect to new TrueReturn Options added in the future at anytime at our discretion. If we do so, TrueReturn Options issued prior to this time will continue to have a Withdrawal Benefit Option available at the time of the first utilization of this TrueReturn Rider Trade-In Option. You may cancel your TrueReturn Option and immediately add a new SureIncome Plus Option or a new SureIncome For Life Option, provided all of the following conditions are met: .. The trade-in must occur on or after the 5th Rider Anniversary and prior to the Rider Maturity Date. At our discretion, we reserve the right to extend the date at which time the trade-in may occur up to the 10th anniversary of the Rider Date at any time. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. .. The new Withdrawal Benefit Option will be made a part of your Contract on the date the existing TrueReturn Option is cancelled, provided it is 34 PROSPECTUS

cancelled for reasons other than the termination of your Contract. .. The new Withdrawal Benefit Option must be a Withdrawal Benefit Option that we make available for use with this Rider Trade-In Option. .. The issue requirements and terms and conditions of the new Withdrawal Benefit Option must be met as of the date the new Withdrawal Benefit Option is made a part of your Contract. Currently, if you select the SureIncome Plus Withdrawal Benefit Option by utilizing the Rider Trade-In Option, the maximum age of any Contract Owner or Annuitant on the Rider Application Date is age 85. For other Withdrawal Benefit Options that may be selected in the future utilizing the Rider Trade-In Option, issue age requirements may differ. You should consult with your Morgan Stanley Financial Advisor before trading in your TrueReturn Option. TERMINATION OF THE TRUERETURN OPTION. The TrueReturn Option will terminate on the earliest of the following to occur: .. on the Rider Maturity Date; .. on the Payout Start Date; .. on the date your Contract is terminated; .. on the date the Option is cancelled; .. on the date we receive a Complete Request for Settlement of the Death Proceeds; or .. on the date the Option is replaced with a New Option under the Rider Trade-In Option. We will not pay an Accumulation Benefit if the TrueReturn Option is terminated for any reason prior to the Rider Maturity Date. WITHDRAWAL BENEFIT OPTIONS "WITHDRAWAL BENEFIT OPTIONS" is used to refer collectively to the SureIncome Withdrawal Benefit Option, the SureIncome Plus Withdrawal Benefit Option, and the SureIncome For Life Withdrawal Benefit Option. "Withdrawal Benefit Option" is used to refer to any one of the Withdrawal Benefit Options. SUREINCOME WITHDRAWAL BENEFIT OPTION Effective May 1, 2006, we ceased offering the SUREINCOME WITHDRAWAL BENEFIT OPTION ("SUREINCOME OPTION"), except in a limited number of states where we intend to discontinue offering the Option as soon as possible. In the states where we continue to offer the SureIncome Option, it is available for an additional fee. The SureIncome Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals that total an amount equal to your purchase payments (subject to certain restrictions). Therefore, regardless of the subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until your Benefit Base is exhausted (terms defined below). The SureIncome Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" until the "BENEFIT BASE" (defined below) is reduced to zero. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, we will distribute an amount equal to the Benefit Base to the Contract owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE". For purposes of the SureIncome Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. In those states where currently offered, the SureIncome Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome Option. Currently, you may have only one Withdrawal Benefit Option (SureIncome, SureIncome Plus or SureIncome For Life) in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome Option is only available if the oldest Contract Owner and oldest Annuitant are age 80 or younger on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state). The SureIncome Option is not available to be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome Option may be cancelled at any time on or after the 5th calendar year anniversary of the Rider Date by notifying us in writing in a form satisfactory to us. In those states where the SureIncome Option is currently available, we may discontinue offering, at any time without prior notice, the Option to new Contract Owners and to existing Contract Owners who did not elect the SureIncome Option prior to the date of discontinuance. 35 PROSPECTUS

WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. We currently offer a Withdrawal Benefit Factor equal to 8%. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome Options and/or to eliminate the current Withdrawal Benefit Factor. Once a Withdrawal Benefit Factor has been established for a SureIncome Option, it cannot be changed after the Rider Date unless that SureIncome Option is terminated. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any purchase payments or withdrawals made on a Contract Anniversary would be applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Options) and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero. On the Rider Date, the Benefit Payment is equal to the greater of: .. The Contract Value multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Options); or .. The value of the Benefit Payment of the previous Withdrawal Benefit Option (attached to your Contract) which is being terminated under a rider trade-in option (see "Rider Trade-In Option" below for more information), if applicable. After the Rider Date, the Benefit Payment will be increased by purchase payments multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: . The Benefit Payment immediately prior to the withdrawal; or . The Contract Value immediately prior to withdrawal less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to withdrawal less the amount of the withdrawal. The Benefit Base may also be reduced in other situations as detailed in the "Contract Owner and Assignment of Payments or Interest" section below. IF THE BENEFIT BASE IS REDUCED TO ZERO, THIS SUREINCOME OPTION WILL TERMINATE. For numerical examples that illustrate how the values defined under the SureIncome Option are calculated, see Appendix H. 36 PROSPECTUS

CONTRACT OWNER AND ASSIGNMENT OF PAYMENTS OR INTEREST If you change the Contract Owner or assign any payments or interest under this Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated to be the lesser of the Contract Value and the Benefit Base at the time of assignment. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Base is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase subject to the following: The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase can be made after the Withdrawal Benefit Payout Start Date. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e., if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made over a period certain such that total payments made will equal the Benefit Base on the Payout Start Date; therefore, the final payment may be less than each of the previous payments. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome Option may be larger so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the commencement of the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. CANCELLATION OF THE SUREINCOME OPTION You may not cancel the SureIncome Option prior to the 5th calendar year anniversary of the Rider Date. On or after the 5th calendar year anniversary of the Rider Date you may cancel the rider by notifying us in writing in a form satisfactory to us. We reserve the right to extend the date at which time the cancellation may occur to up to the 10th calendar year anniversary of the Rider Date at any time in our sole discretion. Any such change we make will not apply to a SureIncome Option that was added to your Contract prior to the implementation date of the change. RIDER TRADE-IN OPTION We offer a "RIDER TRADE-IN OPTION" that allows you to cancel your SureIncome Option and immediately add a new Withdrawal Benefit Option ("New SureIncome Option"). In most states, we currently offer the SureIncome Plus Withdrawal Benefit Option as the New SureIncome Option under the Rider Trade-In Option. We may also offer other Options ("New Options") under the Rider Trade-In Option. However, you may only select one Option under this Rider Trade-In Option at the time you cancel your SureIncome Option. Currently, we are also making the TrueReturn Accumulation Benefit Option available at the time of your first utilization of this Rider Trade-In Option so that you have the ability to switch from the SureIncome Option to the TrueReturn Accumulation Benefit Option. We may discontinue 37 PROSPECTUS

offering the TrueReturn Option under the Rider Trade-In Option for New SureIncome Options added in the future at anytime at our discretion. If we do so, SureIncome Options issued prior to this time will continue to have a TrueReturn Option available at the time of the first utilization of this SureIncome Rider Trade-In Option. This Rider Trade-in Option is available provided all of the following conditions are met: .. The trade-in must occur on or after the 5th calendar year anniversary of the Rider Date. We reserve the right to extend the date at which time the trade-in may occur to up to the 10th calendar year anniversary of the Rider Date at any time in our sole discretion. Any change we make will not apply to a SureIncome Option that was added to your Contract prior to the implementation date of the change. .. The New SureIncome Option or any New Option will be made a part of your Contract on the date the existing Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The New SureIncome Option or any New Option must be an Option that we make available for use with this Rider Trade-In Option. .. The issue requirements and terms and conditions of the New SureIncome Option or the New Option must be met as of the date any such Option is made a part of your Contract. Currently, if you select the SureIncome Plus Withdrawal Benefit Option utilizing the Rider Trade-in Option, the maximum age of any Contract Owner or Annuitant on the Rider Application Date is age 85. For a New SureIncome Option or New Option that may be offered and selected in the future utilizing the Rider Trade-In Option, issue age requirements may differ. If the New Option is a New SureIncome Option, it must provide that the new Benefit Payment be greater than or equal to your current Benefit Payment as of the date the Rider Trade-In Option is exercised, if applicable. You should consult with your Morgan Stanley Financial Advisor before trading in your SureIncome Option. DEATH OF OWNER OR ANNUITANT If the Owner or Annuitant dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome Option. If the SureIncome Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D above, then the SureIncome Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. If the Contract death settlement options are governed by an Endorsement and such Endorsement allows for the continuation of the Contract upon the death of the Owner or Annuitant by the spouse, the SureIncome Option will continue unless the new Owner elects to cancel the SureIncome Option. If the SureIncome Option is continued, it will remain in effect until terminated pursuant to Termination of the SureIncome Option below. If the Contract is not continued, then the SureIncome Option will terminate on the date we received a complete request for settlement of the Death Proceeds. TERMINATION OF THE SUREINCOME OPTION The SureIncome Option will terminate on the earliest of the following to occur: .. The Benefit Base is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Option is cancelled; .. On the date we receive a Complete Request for Settlement of the Death Proceeds; or .. On the date the SureIncome Option is replaced with a New Option under the Rider Trade-In Option. SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION We offer the SureIncome Plus Withdrawal Benefit Option ("SureIncome Plus Option"), except in a limited number of states where it is not currently available, for an additional fee. The SureIncome Plus Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals, which may increase during the first 10 years of the Option, that total an amount equal to your purchase payments, subject to certain restrictions. Therefore, regardless of the subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until your Benefit Base is exhausted (see defined terms below). The SureIncome Plus Option also provides an additional death benefit option. The SureIncome Plus Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" until the "BENEFIT BASE" (defined below) is reduced to zero. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, we will distribute an amount equal to the Benefit Base to the Contract Owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE". Prior to the commencement of the Withdrawal Benefit Payout Phase, the SureIncome Plus Option also provides an additional death benefit option, the SureIncome Return of Premium Death Benefit ("SUREINCOME ROP DEATH BENEFIT"). This death benefit option is described below under "DEATH OF OWNER OR ANNUITANT" and in the Death 38 PROSPECTUS

Benefits section starting on page 78. For purposes of the SureIncome Plus Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome Plus Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome Plus Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome Plus Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome Plus Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome Plus Option. Currently, you may have only one Withdrawal Benefit Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome Plus Option is available if the oldest Contract Owner and oldest Annuitant are age 80 or younger on the effective date of the Rider (the "Rider Application Date"), (the maximum age may depend on your state), up to age 85 or younger if selected by utilizing the Rider Trade-in Option. (See Rider Trade-In Option, above, under TrueReturn Accumulation Benefit Option and SureIncome Withdrawal Benefit Option.) The SureIncome Plus Option may not be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome Plus Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome Plus Option may not be cancelled at any time. We may discontinue offering the SureIncome Plus Option at any time to new Contract Owners and to existing Contract Owners who did not elect the SureIncome Plus Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. We currently offer a Withdrawal Benefit Factor equal to 8%. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome Plus Options and/or to eliminate the current Withdrawal Benefit Factor. Once a Withdrawal Benefit Factor has been established for a SureIncome Plus Option, it cannot be changed after the Rider Date. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base and your SureIncome ROP Death Benefit by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any purchase payments or withdrawals made on a Contract Anniversary would be applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Plus Options) and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero. On the Rider Date, the Benefit Payment is equal to the greater of: .. The Contract Value multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Plus Options); or .. The value of the Benefit Payment of the previous Withdrawal Benefit Option (attached to your Contract) which is being terminated under a rider trade-in option, if applicable. See RIDER TRADE-IN OPTION, above, under SUREINCOME WITHDRAWAL BENEFIT OPTION for more information. After the Rider Date, the Benefit Payment will be increased by purchase payments multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: .. The Benefit Payment immediately prior to the withdrawal; or .. The Contract Value immediately prior to withdrawal less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor. 39 PROSPECTUS

As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Payment may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Payment will be recalculated to the greater of: .. The Benefit Payment following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals, and expenses multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome Plus Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to the withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to the withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Base may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Base will be recalculated to the greater of: .. The Benefit Base following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses. The Benefit Base may also be reduced in other situations as detailed in the "Contract Owner and Assignment of Payments or Interest" section below. IF THE BENEFIT BASE IS REDUCED TO ZERO, THIS SUREINCOME PLUS OPTION WILL TERMINATE. For numerical examples that illustrate how the values defined under the SureIncome Plus Option are calculated, see Appendix I. CONTRACT OWNER AND ASSIGNMENT OF PAYMENTS OR INTEREST If you change the Contract Owner or assign any payments or interest under the Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated to be the lesser of the Contract Value or the Benefit Base at the time of assignment. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Base is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome Plus Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase. 40 PROSPECTUS

The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase of the Contract can be made after the Withdrawal Benefit Payout Start Date. Since the Accumulation Phase ends at this point, the SureIncome ROP Death Benefit no longer applies. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the commencement of the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e., if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made over a period certain such that total payments made will equal the Benefit Base on the Payout Start Date; therefore, the final payment may be less than each of the previous payments. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome Plus Option may be larger so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome Plus Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. DEATH OF OWNER OR ANNUITANT If the Owner or the Annuitant dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome Plus Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome Plus Option. If the SureIncome Plus Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D above, then the SureIncome Plus Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. If the Contract death settlement options are governed by an Endorsement and such Endorsement allows for the continuation of the Contract upon the death of the Owner or Annuitant by the spouse, the SureIncome Plus Option will continue unless the new Owner elects to cancel the SureIncome Plus Option. If the SureIncome Plus Option is continued, it will remain in effect until terminated pursuant to Termination of the SureIncome Plus Option below. If the Contract is not continued, then the SureIncome Plus Option will terminate on the date we received a complete request for settlement of the Death Proceeds. The SureIncome Plus Option also makes available the SureIncome ROP Death Benefit. On the Rider Date, the SureIncome ROP Death Benefit is equal to the Contract Value. After the Rider Date, the SureIncome ROP Death Benefit will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The SureIncome ROP Death Benefit immediately prior to withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial 41 PROSPECTUS

Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. For numerical examples that illustrate how the SureIncome ROP Death Benefit under the SureIncome Plus Option is calculated, see Appendix I. Refer to the Death Benefits section (page 78) for more details on the SureIncome ROP Death Benefit. TERMINATION OF THE SUREINCOME PLUS OPTION The SureIncome Plus Option will terminate on the earliest of the following to occur: .. The Benefit Base is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Plus Option is cancelled as detailed under Death of Owner or Annuitant above; or .. On the date we receive a Complete Request for Settlement of the Death Proceeds. SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION We offer the SureIncome For Life Withdrawal Benefit Option ("SureIncome For Life Option"), except in a limited number of states where it is not currently available, for an additional fee. The SureIncome For Life Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals, which may increase during the first 10 years of the Option, as long as the SureIncome Covered Life is alive, subject to certain restrictions. Therefore, regardless of subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until the death of the SureIncome Covered Life (as defined below), subject to certain restrictions. The SureIncome For Life Option also provides an additional death benefit option. The SureIncome For Life Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" as long as the SureIncome Covered Life is alive, subject to certain restrictions. The "SUREINCOME COVERED LIFE" is the oldest Contract Owner, or the oldest Annuitant if the Contact Owner is a non-living entity, on the Rider Date. If the Contract Value is reduced to zero and the Benefit Payment is still greater than zero, we will distribute an amount equal to the Benefit Payment each year to the Contract Owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE" as long as the SureIncome Covered Life is alive. Prior to the commencement of the Withdrawal Benefit Payout Phase, the SureIncome For Life Option also provides an additional death benefit option, the SureIncome Return of Premium Death Benefit ("SUREINCOME ROP DEATH BENEFIT"). This Option is described below under "DEATH OF OWNER OR ANNUITANT" and in the DEATH BENEFITS section starting on page 78. For purposes of the SureIncome For Life Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome For Life Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome For Life Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome For Life Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome For Life Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome For Life Option. Currently, you may have only one Withdrawal Benefit Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome For Life Option is only available if the oldest Contract Owner or the oldest Annuitant, if the Contract Owner is a non-living entity (i.e., the SureIncome Covered Life) is between the ages of 50 and 79, inclusive, on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state.) The SureIncome For Life Option may not be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome For Life Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome For Life Option may not be cancelled at any time. We may discontinue offering the SureIncome For Life Option at any time to new Contract Owners and to existing Contract Owners who did not elect the SureIncome For Life Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. Prior to the earlier of the date of the first withdrawal after the issuance of the SureIncome For Life Option or the date the Contract enters the Withdrawal Benefit Payout Phase, the Withdrawal Benefit Factor used in these determinations may change as shown below. Generally 42 PROSPECTUS

speaking, during this period the Withdrawal Benefit Factor will increase as the SureIncome Covered Life grows older. On the earlier of the date of the first withdrawal after the issuance of the SureIncome for Life Option or the date the Contract enters the Withdrawal Benefit Payout Phase, the Withdrawal Benefit Factor will be fixed at the then applicable rate, based on the then current attained age of the SureIncome Covered Life, and will be used in all subsequent determinations of Benefit Payments and Benefit Payments Remaining. AFTER THIS DATE THE WITHDRAWAL BENEFIT FACTOR WILL NOT CHANGE. - -------------------------------------------------------------- We currently offer the following Withdrawal Benefit Factors: Attained Age of SureIncome Covered Life Withdrawal Benefit Factor ----------------------- ------------------------- 50-59 4% 60-69 5% 70+ 6% The Withdrawal Benefit Factors and age ranges applicable to your Contract are set on the Rider Date. They cannot be changed after the SureIncome For Life Option has been added to your Contract. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome For Life Options, change the age ranges to which they apply, and/or to eliminate currently available Withdrawal Benefit Factors. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base and your SureIncome ROP Death Benefit by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any premiums or withdrawals made on a Contract Anniversary are applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. On the Rider Date, the Benefit Payment is equal to the Contract Value multiplied by the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life. After the Rider Date, the Benefit Payment and Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life. On the date of the first withdrawal after the Rider Date the Benefit Payment and Benefit Payment Remaining will equal the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life multiplied by the Benefit Base immediately after application of any purchase payments, but prior to the withdrawal on that date. THE WITHDRAWAL BENEFIT FACTOR USED IN ALL FUTURE CALCULATIONS WILL NOT ---------------------------------------------------------------------- CHANGE. - ------- After the first withdrawal, the Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining is reduced by the amount of any withdrawal. The Benefit Payment Remaining will never be less than zero. After the first withdrawal, the Benefit Payment will be increased by purchase payments multiplied by the Withdrawal Benefit Factor. The Benefit Payment is affected by withdrawals as follows: .. If a withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. .. If a withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: . The Benefit Payment immediately prior to the withdrawal; or . The Benefit Base immediately after the withdrawal multiplied by the Withdrawal Benefit Factor. IF THE BENEFIT PAYMENT IS REDUCED TO ZERO, THE SUREINCOME FOR LIFE OPTION WILL TERMINATE. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Payment may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Payment will be recalculated to the greater of: .. The Benefit Payment following application of all purchase payments and withdrawals on that Contract Anniversary; or .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses, multiplied by the Withdrawal Benefit Factor currently applicable. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum 43 PROSPECTUS

distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome For Life Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to withdrawal less the amount of the withdrawal (this value cannot be less than zero). As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome For Life Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Base may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Base will be recalculated to the greater of: .. The Benefit Base following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses. For numerical examples that illustrate how the values defined under the SureIncome For Life Option are calculated, see Appendix J. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Payment is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome For Life Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase. The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase of the Contract can be made after the Withdrawal Benefit Payout Start Date. Since the Accumulation Phase of the Contract ends at this point, the SureIncome ROP Death Benefit no longer applies. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e. if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made until the later of the death of the SureIncome Covered Life or over a period certain based on the total payments made equaling at least the Benefit Base on the Payout Start Date. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome For Life Option may be larger during the period certain so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. 44 PROSPECTUS

Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the commencement of the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome For Life Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. DEATH OF OWNER OR ANNUITANT If the SureIncome Covered Life dies during the Accumulation Phase of the Contract, the SureIncome For Life Option will terminate on the date of the SureIncome Covered Life's death. If the Contract Owner or the Annuitant who is not the SureIncome Covered Life dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome For Life Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome For Life Option. If the SureIncome For Life Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D, then the SureIncome For Life Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. The SureIncome For Life Option also makes available the SureIncome ROP Death Benefit. The SureIncome ROP Death Benefit is only available upon the death of the SureIncome Covered Life. If a Contract Owner, Annuitant or Co-Annuitant who is not the SureIncome Covered Life dies, the SureIncome ROP Death Benefit is not applicable. On the Rider Date, the SureIncome ROP Death Benefit is equal to the Contract Value. After the Rider Date, the SureIncome ROP Death Benefit will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The SureIncome ROP Death Benefit immediately prior to withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome For Life Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge applicable. For numerical examples that illustrate how the SureIncome ROP Death Benefit under the SureIncome For Life Option is calculated, see Appendix J. Refer to the DEATH BENEFITS section (page 78) for more details on the SureIncome ROP Death Benefit. TERMINATION OF THE SUREINCOME FOR LIFE OPTION The SureIncome For Life Option will terminate on the earliest of the following to occur: .. The Benefit Payment is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Covered Life is removed from the Contract for any reason, and is no longer a Contract Owner or Annuitant under the Contract (if the Covered Life continues as only the Beneficiary, the Option will terminate); .. On the date the SureIncome For Life Option is cancelled as detailed under Death of Owner or Annuitant section above; .. On the date we receive a Complete Request for Settlement of the Death Proceeds; or .. On the date the SureIncome Covered Life dies if the SureIncome Covered Life dies prior to the Payout Start Date. INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS) If you add a Withdrawal Benefit Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. The specific requirements are described below in more detail and will depend on your current Model Portfolio Option and your Withdrawal Benefit Factor(s). These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-Accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-Accounts, and restrictions on transfers to or from certain investment alternatives. We may also require that you use the Automatic Portfolio Rebalancing Program. We may change the specific requirements that are applicable at any time in our sole discretion. Any changes we make will not apply to a 45 PROSPECTUS

Withdrawal Benefit Option that was made a part of your Contract prior to the implementation date of the change, except for changes made due to a change in investment alternatives available under the Contract. This restriction does not apply to a New SureIncome Option or to a New Option elected pursuant to the Rider Trade-In Option. We reserve the right to have requirements unique to specific Withdrawal Benefit Factors if we make other Withdrawal Benefit Factors available in the future including specific model portfolio options ("Model Portfolio Options") as described below available only to certain Withdrawal Benefit Factors. When you add a Withdrawal Benefit Option to your Contract, you must allocate your entire Contract Value as follows: (1) to a MODEL PORTFOLIO OPTION available as described below; (2)to the DCA Fixed Account Option and then transfer all purchase payments and interest to an available Model Portfolio Option; or (3) to a combination of (1) and (2) above. With respect to (2) and (3) above, the requirements for the DCA Fixed Account Option must be met. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. On the Rider Date, you must select only one of the Model Portfolio Options to which to allocate your Contract Value. After the Rider Date, you may transfer your entire Contract Value to any of the other available Model Portfolio Options. We currently offer several Model Portfolio Options. The Model Portfolio Options that are available may differ depending upon the effective date of your Withdrawal Benefit Option and your Withdrawal Benefit Factor. Please refer to the Model Portfolio Option and TrueBalance/SM/ Model Portfolio Options sections of this prospectus for more details. We may add other Model Portfolio Options in the future. We also may remove Model Portfolio Options in the future anytime prior to the date you select such Model Portfolio Option. In addition, if the investment alternatives available under the Contract change, we may revise the Model Portfolio Options. The following table summarizes the Model Portfolio Options currently available for use: *Model Portfolio Option 1 *TrueBalance Conservative Model Portfolio Option *TrueBalance Moderately Conservative Model Portfolio Option *TrueBalance Moderate Model Portfolio Option *TrueBalance Moderately Aggressive Model Portfolio Option *TrueBalance Aggressive Model Portfolio Option - ------------------------------------------------------------- NOTE: THE TRUEBALANCE MODEL PORTFOLIO OPTIONS WERE FIRST MADE AVAILABLE IN CONNECTION WITH A WITHDRAWAL BENEFIT OPTION ON MAY 1, 2005. You may not allocate any of your Contract Value to the Standard Fixed Account Option or to the Market Value Adjusted Fixed Account Option. You must transfer any portion of your Contract Value that is allocated to the Standard Fixed Account Option or to the Market Value Adjusted Fixed Account Option to the Variable Sub-Accounts prior to adding a Withdrawal Benefit Option to your Contract. Transfers from the Market Value Adjusted Fixed Account Option may be subject to a Market Value Adjustment. You may allocate any portion of your purchase payments to the DCA Fixed Account Option on the Rider Date, provided the DCA Fixed Account Option is available with your Contract and in your state. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account, any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to your most recent percentage allocation selections for your Model Portfolio Option. Any subsequent purchase payments made to your Contract will be allocated to the Variable Sub-Accounts according to your specific instructions or your allocation for the previous purchase payment (for Model Portfolio Option 1) or the percentage allocation for your current Model Portfolio Option (for TrueBalance Model Portfolio Options) unless you request that the purchase payment be allocated to the DCA Fixed Account Option. Purchase payments allocated to the DCA Fixed Account Option must be $100 or more. Any withdrawals you request will reduce your Contract Value invested in each of the investment alternatives on a pro rata basis in the proportion that your Contract Value in each bears to your total Contract Value in all investment alternatives, unless you request otherwise. MODEL PORTFOLIO OPTION 1. If you choose Model Portfolio Option 1 or transfer your entire Contract Value into Model Portfolio Option 1, we have divided the Variable Sub-Accounts into two separate categories: "Available," and "Excluded." Currently, you may allocate up to 100% of your Contract Value to the Available Variable Sub-Accounts in any manner you choose. You may not allocate ANY PORTION of your Contract Value to the Excluded Variable Sub-Accounts. You may make transfers among any of the Available Variable Sub-Accounts. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. 46 PROSPECTUS

Currently the Available Variable Sub-Accounts and the Excluded Variable Sub-Accounts are as follows (1, 3, 4, 6): AVAILABLE Morgan Stanley VIS Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Equity - Class Y Sub-Account Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account Morgan Stanley VIS High Yield - Class Y Sub-Account (1) Morgan Stanley VIS Income Builder - Class Y Sub-Account (1) Morgan Stanley VIS Income Plus - Class Y Sub-Account Morgan Stanley VIS Limited Duration - Class Y Sub-Account (4) Morgan Stanley VIS Money Market - Class Y Sub-Account Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account Morgan Stanley VIS Strategist - Class Y Sub-Account Morgan Stanley VIS Utilities - Class Y Sub-Account (1) AIM V.I. Basic Value - Series II Sub-Account (1) AIM V.I. Core Equity - Series II Sub-Account (1)(6) AllianceBernstein Growth - Class B Sub-Account AllianceBernstein Growth and Income - Class B Sub-Account (1) AllianceBernstein International Value - Class B Sub-Account AllianceBernstein Small/Mid Cap Value - Class B Sub-Account AllianceBernstein Utility Income - Class B Sub-Account AllianceBernstein Value - Class B Sub-Account Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account Fidelity VIP Growth & Income - Service Class 2 Sub-Account Fidelity VIP High Income - Service Class 2 Sub-Account Fidelity VIP Mid Cap - Service Class 2 Sub-Account Fidelity VIP Money Market - Service Class 2 Sub-Account (5) FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin High Income - Class 2 Sub-Account (1) FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Goldman Sachs VIT Structured Small Cap Equity Sub-Account (7) Goldman Sachs VIT Structured U.S. Equity Sub-Account (7) Goldman Sachs VIT Growth and Income Sub-Account Goldman Sachs VIT Mid Cap Value Sub-Account (4) PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account (5) PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account (5) PIMCO VIT Real Return - Advisor Shares Sub-Account (5) PIMCO VIT Total Return - Advisor Shares Sub-Account (5) Putnam VT Growth and Income - Class IB Sub-Account (1) Putnam VT International Equity - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (1)(2) Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (2) Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) Van Kampen UIF International Growth Equity, Class II Sub-Account (2)(5) EXCLUDED Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account Morgan Stanley VIS European Equity - Class Y Sub-Account (4) Morgan Stanley VIS Global Advantage - Class Y Sub-Account (1) Morgan Stanley VIS Information - Class Y Sub-Account (1)(8) AIM V.I. Capital Appreciation - Series II Sub-Account (1) AIM V.I. Mid Cap Core Equity - Series II Sub-Account (1) AllianceBernstein Large Cap Growth - Class B Sub-Account (1) Van Kampen LIT Aggressive Growth, Class II Sub-Account Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) 1) Effective May 1, 2005, the following Variable Sub-Accounts closed to new investments: the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II Sub-Account (see no. 6, below), the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, theMorgan Stanley VIS Utilities - Class Y Sub-Account, the 47 PROSPECTUS

Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account closed to new investments and is not available with any Withdrawal Benefit Option.* 4) Effective May 1, 2006, the following Variable Sub-Accounts closed to new investments: the Goldman Sachs VIT Mid Cap Value Sub-Account, the Morgan Stanley VIS European Equity - Class Y Sub-Account and the Morgan Stanley VIS Limited Duration - Class Y Sub-Account.* 5) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 6) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed.* 7) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund and Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed their names to the Goldman Sachs VIT Structured Small Cap Equity Fund and the Goldman Sachs VIT Structured U.S. Equity Fund, respectively. We have made corresponding changes to the names of the Variable Sub-Accounts that invest in these Portfolios. 8) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account will replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD ANY WITHDRAWAL BENEFIT OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH A WITHDRAWAL BENEFIT OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. TRUEBALANCE/SM/ MODEL PORTFOLIO OPTIONS. If you choose one of the TrueBalance/SM/ Model Portfolio Options or transfer your entire Contract Value into one of the TrueBalance/SM/ Model Portfolio Options, you may not choose the Variable Sub-Accounts or make transfers among the Variable Sub-Accounts that comprise that TrueBalance Model Portfolio Option. Each TrueBalance Model Portfolio involves an allocation of assets among a group of pre-selected Variable Sub-Accounts. You cannot make transfers among the Variable Sub-Accounts nor vary the Variable Sub-Accounts that comprise a TrueBalance Model Portfolio Option. If you choose a TrueBalance Model Portfolio Option, we will invest and periodically reallocate your Contract Value according to the allocation percentages and requirements for the TrueBalance Model Portfolio Option you have selected currently. For more information regarding the TrueBalance program, see the "TrueBalance/SM/ Asset Allocation Program" section of this prospectus. However, note that the restrictions described in this section, specifically the restrictions on transfers and the requirement that all of your Contract Value be allocated to a TrueBalance Model Portfolio Option, apply to the TrueBalance program only if you have added a Withdrawal Benefit Option to your Contract. 48 PROSPECTUS

PORTFOLIO: EACH PORTFOLIO SEEKS: INVESTMENT ADVISOR: - ------------------------------------------------------------------------------- MORGAN STANLEY VARIABLE INVESTMENT SERIES - ------------------------------------------------------------------------------- Morgan Stanley VIS Long-term capital growth Aggressive Equity Portfolio - Class Y - ------------------------------------------------------- Morgan Stanley VIS Reasonable current income Dividend Growth and long term growth of Portfolio - Class Y income and capital. - ------------------------------------------------------- Morgan Stanley VIS Growth of capital through Equity Portfolio - investments in common Class Y stocks believed by the Investment Manager to have potential for superior growth. As a secondary objective, income but only when consistent with its primary objective. - ------------------------------------------------------- Morgan Stanley VIS To maximize the capital European Equity appreciation of its Portfolio - Class investments Y/(1)/ - ------------------------------------------------------- Morgan Stanley VIS Long-term capital growth Global Advantage Portfolio - Class Y/(2)/ - ------------------------------------------------------- Morgan Stanley VIS Reasonable current income Global Dividend Growth and long-term growth of Portfolio - Class Y income and capital. - ------------------------------------------------------- Morgan Stanley VIS High High level of current Yield Portfolio - Class income by investing in a Y/(2)/ diversified portfolio consisting principally of fixed-income securities, which may include both MORGAN STANLEY non-convertible and INVESTMENT ADVISORS INC. convertible debt securities and preferred stocks. As a secondary objective, capital appreciation, but only when consistent with its primary objective. - ------------------------------------------------------- Morgan Stanley VIS Reasonable income and, as a Income Builder secondary objective, Portfolio - Class growth of capital Y/(2)/ - ------------------------------------------------------- Morgan Stanley VIS High level of current Income Plus Portfolio - income by investing Class Y primarily in U.S. government securities and other fixed-income securities. As a secondary objective, capital appreciation but only when consistent with its primary objective. - ------------------------------------------------------- Morgan Stanley VIS Long-term capital Information Portfolio - appreciation Class Y/(2,3)/ - ------------------------------------------------------- Morgan Stanley VIS High level of current Limited Duration income consistent with Portfolio - Class preservation of capital Y/(1)/ - ------------------------------------------------------- Morgan Stanley VIS Money High current income, Market Portfolio - preservation of capital, Class Y and liquidity - ------------------------------------------------------- Morgan Stanley VIS S&P Investment results that, 500 Index Portfolio - before expenses, Class Y correspond to the total return (i.e., combination of capital changes and income) of the Standard and Poor's 500 Composite Stock Price Index - ------------------------------------------------------- Morgan Stanley VIS High total investment Strategist Portfolio - return Class Y - ------------------------------------------------------- Morgan Stanley VIS Capital appreciation and Utilities Portfolio - current income Class Y/(2)/ - ------------------------------------------------------------------------------- 50 PROSPECTUS

THE UNIVERSAL INSTITUTIONAL FUNDS, INC. - ------------------------------------------------------------------------------- Van Kampen UIF Emerging High total return by Markets Debt Portfolio, investing primarily in Class II/(2)/ fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries. - ------------------------------------------------------- Van Kampen UIF Emerging Long-term capital Markets Equity appreciation by investing Portfolio, Class II primarily in growth-oriented equity securities of issuers in emerging market countries. - ------------------------------------------------------- Van Kampen UIF Equity Capital appreciation and and Income Portfolio, current income Class II - ------------------------------------------------------- Van Kampen UIF Equity Long-term capital Growth Portfolio, Class appreciation by investing II primarily in growth-oriented equity securities of U.S. and foreign companies - ------------------------------------------------------- Van Kampen UIF Global Long-term capital Franchise Portfolio, appreciation VAN KAMPEN/(4)/ Class II - ------------------------------------------------------- Van Kampen UIF Long-term capital International Growth appreciation, with a Equity Portfolio, Class secondary objective of II income - ------------------------------------------------------- Van Kampen UIF Mid Cap Long-term capital growth by Growth Portfolio, Class investing primarily in II growth-oriented equity securities of U.S. mid cap companies and foreign companies, including emerging markets securities. - ------------------------------------------------------- Van Kampen UIF Small Long-term capital Company Growth appreciation by investing Portfolio, Class II primarily in growth-oriented equity securities of small companies. - ------------------------------------------------------- Van Kampen UIF U.S. Mid Above-average total return Cap Value Portfolio, over a market cycle of Class II three to five years by investing in common stocks and other equity securities - ------------------------------------------------------- Van Kampen UIF U.S. Real Above average current Estate Portfolio, Class income and long-term II capital appreciation by investing primarily in equity securities of companies in the U.S. real estate industry, including real estate investment trusts - ------------------------------------------------------------------------------- VAN KAMPEN LIFE INVESTMENT TRUST - ------------------------------------------------------------------------------- Van Kampen LIT Capital growth Aggressive Growth Portfolio, Class II - ------------------------------------------------------- Van Kampen LIT Comstock Capital growth and income Portfolio, Class II through investments in equity securities, including common stocks, VAN KAMPEN ASSET preferred stocks and MANAGEMENT securities convertible into common and preferred stocks. - ------------------------------------------------------- Van Kampen LIT Emerging Capital appreciation. Growth Portfolio, Class II - ------------------------------------------------------- Van Kampen LIT Growth Long-term growth of capital and Income Portfolio, and income. Class II - ------------------------------------------------------------------------------- 51 PROSPECTUS

AIM VARIABLE INSURANCE FUNDS - ------------------------------------------------------------------------------- AIM V.I. Basic Value Long-term growth of capital Fund - Series II/(2)/ - ------------------------------------------------------- AIM V.I. Capital Growth of capital A I M ADVISORS, Appreciation Fund - INC./(5)/ Series II/(2)/ - ------------------------------------------------------- AIM V.I. Core Equity Growth of capital Fund - Series II/(6)/ - ------------------------------------------------------- AIM V.I. Mid Cap Core Long-term growth of capital Equity Fund - Series II/(2)/ - ------------------------------------------------------------------------------- ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC. - ------------------------------------------------------------------------------- AllianceBernstein Growth Long-term growth of capital and Income Portfolio - Class B/(2)/ - ------------------------------------------------------- AllianceBernstein Growth Long-term growth of capital Portfolio - Class B - ------------------------------------------------------- AllianceBernstein Long-term growth of capital International Value ALLIANCEBERNSTEIN L.P. Portfolio - Class B - ------------------------------------------------------- AllianceBernstein Large Long-term growth of capital Cap Growth Portfolio - Class B/(2)/ - ------------------------------------------------------- AllianceBernstein Long-term growth of capital Small/Mid Cap Value Portfolio - Class B - ------------------------------------------------------- AllianceBernstein Current income and Utility Income long-term growth of Portfolio - Class B capital - ------------------------------------------------------- AllianceBernstein Value Long-term growth of capital Portfolio - Class B - ------------------------------------------------------------------------------- FIDELITY(R) VARIABLE INSURANCE PRODUCTS - ------------------------------------------------------------------------------- Fidelity VIP Long-term capital Contrafund(R) Portfolio appreciation - Service Class 2 - ------------------------------------------------------- Fidelity VIP Growth & High total return through a Income Portfolio - combination of current Service Class 2 income and capital appreciation - -------------------------------------------------------FIDELITY MANAGEMENT & Fidelity VIP High Income High level of current RESEARCH COMPANY Portfolio - Service income, while also Class 2 considering growth of capital - ------------------------------------------------------- Fidelity VIP Mid Cap Long-term growth of capital Portfolio - Service Class 2 - ------------------------------------------------------- Fidelity VIP Money As high a level of current Market Portfolio - income as is consistent Service Class 2 with preservation of capital and daily liquidity by investing in money market instruments. - ------------------------------------------------------------------------------- FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST - ------------------------------------------------------------------------------- FTVIP Franklin Flex Cap Capital appreciation Growth Securities Fund - Class 2 - ------------------------------------------------------- FTVIP Franklin High High level of current FRANKLIN ADVISERS, INC. Income Fund - Class income with capital 2/(2)/ appreciation as a secondary goal - ------------------------------------------------------- FTVIP Franklin Income To maximize income while Securities Fund - Class maintaining prospects for 2 capital appreciation. - ------------------------------------------------------- FTVIP Mutual Discovery Capital appreciation Securities Fund - Class FRANKLIN MUTUAL 2 ADVISERS, LLC - ------------------------------------------------------- FTVIP Mutual Shares Capital appreciation with Securities Fund - Class income as a secondary goal 2 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Long-term capital growth. TEMPLETON INVESTMENT Securities Fund - Class COUNSEL, LLC 2 - ------------------------------------------------------------------------------- 52 PROSPECTUS

GOLDMAN SACHS VARIABLE INSURANCE TRUST - ------------------------------------------------------------------------------- Goldman Sachs VIT Growth Long-term growth of capital and Income Fund and growth of income - ------------------------------------------------------- Goldman Sachs VIT Mid Long-term capital GOLDMAN SACHS ASSET Cap Value Fund/(1)/ appreciation MANAGEMENT, L.P. - ------------------------------------------------------- Goldman Sachs VIT Long-term growth of capital Structured Small Cap Equity Fund/(7)/ - ------------------------------------------------------- Goldman Sachs VIT Long-term growth of capital Structured U.S. Equity and dividend income Fund/(8)/ - ------------------------------------------------------------------------------- PIMCO VARIABLE INSURANCE TRUST - ------------------------------------------------------------------------------- PIMCO VIT Maximum total return, CommodityRealReturn investing for both current Strategy Portfolio - income and capital Advisor Shares appreciation, consistent with prudent investment management - ------------------------------------------------------- PIMCO VIT Emerging Maximum total return, Markets Bond Portfolio investing for current - Advisor Shares income, consistent with preservation of capital and prudent investment PACIFIC INVESTMENT management MANAGEMENT COMPANY LLC - ------------------------------------------------------- PIMCO VIT Real Return Maximum total return, Portfolio - Advisor investing for both current Shares income and capital appreciation, consistent with preservation of real capital and prudent investment management - ------------------------------------------------------- PIMCO VIT Total Return Maximum total return, Portfolio - Advisor investing for both current Shares income and capital appreciation, consistent with preservation of capital and prudent investment management - ------------------------------------------------------------------------------- PUTNAM VARIABLE TRUST - ------------------------------------------------------------------------------- Putnam VT The George To provide a balanced Putnam Fund of Boston - investment composed of a Class IB well diversified portfolio of value stocks and bonds, which produce both capital growth and current income. - ------------------------------------------------------- Putnam VT Growth and Capital growth and current Income Fund - Class income. PUTNAM INVESTMENT IB/(2)/ MANAGEMENT, LLC - ------------------------------------------------------- Putnam VT International Capital appreciation. Equity Fund - Class IB - ------------------------------------------------------- Putnam VT Investors Fund Long-term growth of capital - Class IB/(9)/ and any increased income that results from this growth. - ------------------------------------------------------- Putnam VT New Value Fund Long-term capital - Class IB appreciation. - ------------------------------------------------------- Putnam VT Voyager Fund - Capital appreciation. Class IB - ------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Goldman Sachs VIT Mid Cap Value Sub-Account, Morgan Stanley VIS European Equity - Class Y Sub-Account and Morgan Stanley VIS Limited Duration - Class Y Sub-Account are no longer available for new investments. If you are currently invested in theseVariable Sub-Accounts you may continue your investments. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2005, the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II Sub-Account, the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, the Morgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If prior to May 1, 2005, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan 53 PROSPECTUS

Stanley VIS Money Market - Class Y Sub-Account replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (5) The investment objective(s) of each sub-account may be changed by the Board of Directors without shareholder approval. (6) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed. (7) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund changed its name to the Goldman Sachs VIT Structured Small Cap Equity Fund. We have made acorresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (8) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed its name to the Goldman Sachs VIT Structured U.S. Equity Fund. We have made acorresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (9) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account is no longer available for new investments. If you are currently invested in this Variable Sub-Account, you may continue your investment. If prior to May 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. AMOUNTS YOU ALLOCATE TO VARIABLE SUB-ACCOUNTS MAY GROW IN VALUE, DECLINE IN VALUE, OR GROW LESS THAN YOU EXPECT, DEPENDING ON THE INVESTMENT PERFORMANCE OF THE PORTFOLIOS IN WHICH THOSE VARIABLE SUB-ACCOUNTS INVEST. YOU BEAR THE INVESTMENT RISK THAT THE PORTFOLIOS MIGHT NOT MEET THEIR INVESTMENT OBJECTIVES. SHARES OF THE PORTFOLIOS ARE NOT DEPOSITS, OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED BY ANY BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY. VARIABLE INSURANCE PORTFOLIOS MIGHT NOT BE MANAGED BY THE SAME PORTFOLIO MANAGERS WHO MANAGE RETAIL MUTUAL FUNDS WITH SIMILAR NAMES. THESE PORTFOLIOS ARE LIKELY TO DIFFER FROM SIMILARLY NAMED RETAIL MUTUAL FUNDS IN ASSETS, CASH FLOW, AND TAX MATTERS. ACCORDINGLY, THE HOLDINGS AND INVESTMENT RESULTS OF A VARIABLE INSURANCE PORTFOLIO CAN BE EXPECTED TO BE HIGHER OR LOWER THAN THE INVESTMENT RESULTS OF A SIMILARLY NAMED RETAIL MUTUAL FUND. TRUEBALANCE/SM/ ASSET ALLOCATION PROGRAM As a Contract Owner, you may elect to participate in the TrueBalance asset allocation program ("TrueBalance program") for no additional charge. Participation in the TrueBalance program may be limited if you have elected certain Contract Options that impose restrictions on the investment alternatives which you may select, such as the Income Protection Benefit Option, the TrueReturn Accumulation Benefit Option or a Withdrawal Benefit Option. See the sections of this prospectus discussing these Options for more information. Asset allocation is the process by which your Contract Value is invested in different asset classes in a way that matches your risk tolerance, time horizon, and investment goals. Theoretically, different asset classes tend to behave differently under various economic and market conditions. By spreading your Contract Value across a range of asset classes, you may, over time, be able to reduce the risk of investment volatility and potentially enhance returns. Asset allocation does not guarantee a profit or protect against loss in a declining market. Your Morgan Stanley Financial Advisor will help you determine whether participating in an asset allocation program is appropriate for you. If you decide to participate in the TrueBalance program, your Morgan Stanley Financial Advisor may ask you to complete an investment style questionnaire to help you and your Morgan Stanley Financial Advisor identify your investment style. Once you and your Morgan Stanley Financial Advisor have identified your investment style, you may select one of five currently available asset allocation model portfolios, each with different levels of risk. The model portfolios represent five different investment styles: conservative, moderately conservative, moderate, moderately aggressive and aggressive. Once you select a model portfolio, your Contract Value will be allocated among the Variable Sub-Accounts according to that model portfolio. If you wish to allocate any of your Contract Value to any Variable Sub-Accounts not included in that model portfolio, or if you do not wish to allocate any of your Contract Value to any Variable Sub-Accounts included in that model portfolio, you should not elect the TrueBalance program. We recommend that you consult with your Morgan Stanley Financial Advisor before selecting a TrueBalance model portfolio. Allstate Life does not intend to provide any personalized investment advice in connection with the TrueBalance program and you should not rely on this program as providing individualized investment recommendations to you. Allstate Life retained an independent investment management firm ("investment management firm") to construct the TrueBalance model portfolios. The 54 PROSPECTUS

investment management firm does not provide advice to Allstate Life's Contract Owners. Neither Allstate Life nor the investment management firm is acting for any Contract Owner as a "fiduciary" or as an "investment manager," as such terms are defined under applicable laws and regulations relating to the Employee Retirement Income Security Act of 1974 (ERISA). The investment management firm does not take into account any information about any Contract Owner or any Contract Owner's assets when creating, providing or maintaining any TrueBalance model portfolio. Individual Contract Owners should ultimately rely on their own judgment and/or the judgment of a financial advisor in making their investment decisions. Neither Allstate Life nor the investment management firm is responsible for determining the suitability of the TrueBalance model portfolios for the Contract Owners' purposes. Each of the five model portfolios specifies an allocation among a mix of Variable Sub-Accounts that is designed to meet the investment goals of the applicable investment style. On the business day we approve your participation in the TrueBalance program, we will automatically reallocate any existing Contract Value in the Variable Sub-Accounts according to the model portfolio you selected. If any portion of your existing Contract Value is allocated to the Standard Fixed Account or MVA Fixed Account Options and you wish to allocate any portion of it to the model portfolio, you must transfer that portion to the Variable Sub-Accounts. In addition, as long as you participate in the TrueBalance program, you must allocate all of your purchase payments to the Fixed Account Options and/or the Variable Sub-Accounts currently offered in your model portfolio. Any purchase payments you allocate to the DCA Fixed Account Option will be automatically transferred, along with interest, in equal monthly installments to the Variable Sub-Accounts according to the model portfolio you selected. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to the percentage allocation for the model portfolio you selected. Allstate Life may offer new or revised TrueBalance model portfolios at any time, and may retain a different investment management firm to create any such new or revised TrueBalance model portfolios. Allstate Life will not automatically reallocate your Contract Value allocated to the Variable Sub-Accounts to match any new or revised model portfolios that are offered. If you are invested in the TrueBalance model portfolio, your Morgan Stanley Financial Advisor will notify you of any new or revised TrueBalance model portfolios that may be available. If you wish to invest in accordance with a new or revised TrueBalance model portfolio, you must submit a transfer request to transfer your Contract Value in your existing TrueBalance model portfolio in accordance with the new TrueBalance model portfolio. If you do not request a transfer to a new TrueBalance model portfolio, we will continue to rebalance your Contract Value in accordance with your existing TrueBalance model portfolio. At any given time, you may only elect a TrueBalance model portfolio that is available at the time of election. You may only select one model portfolio at a time. However, you may change your selection of model portfolio at any time, provided you select a currently available model portfolio. Each change you make in your model portfolio selection will count against the 12 transfers you can make each Contract Year without paying a transfer fee. You should consult with your Morgan Stanley Financial Advisor before making a change to your model portfolio selection to determine whether the new model portfolio is appropriate for your needs. Since the performance of each Variable Sub-Account may cause a shift in the percentage allocated to each Variable Sub-Account, at least once every calendar quarter we will automatically rebalance all of your Contract Value in the Variable Sub-Accounts according to your currently selected model portfolio. Unless you notify us otherwise, any purchase payments you make after electing the TrueBalance program will be allocated to your model portfolio and/or to the Fixed Account Options according to your most recent instructions on file with us. Once you elect to participate in the TrueBalance program, you may allocate subsequent purchase payments to any of the Fixed Account Options available with your Contract and/or to any of the Variable Sub-Accounts included in your model portfolio, but only according to the allocation specifications of that model portfolio. You may not allocate subsequent purchase payments to a Variable Sub-Account that is not included in your model portfolio. Subsequent purchase payments allocated to the Variable Sub-Accounts will be automatically rebalanced at the end of the next calendar quarter according to the allocation percentages for your currently selected model portfolio. THE FOLLOWING APPLIES TO TRUEBALANCE MODEL PORTFOLIOS SELECTED WITH THE TRUERETURN OPTION OR A WITHDRAWAL BENEFIT OPTION: For TrueBalance model portfolios selected with the TrueReturn Option or a Withdrawal Benefit Option, you must allocate all of your Contract Value to a TrueBalance Model Portfolio Option, and you may not choose the Variable Sub-Accounts or make transfers among the Variable Sub-Accounts in the TrueBalance Model Portfolio Option. If you choose a TrueBalance Model Portfolio Option, we will invest and periodically reallocate your Contract Value according to the allocation percentages and requirements for the TrueBalance Model Portfolio Option you selected. You 55 PROSPECTUS

may, however, elect to reallocate your entire Contract Value from one Model Portfolio Option to another Model Portfolio Option available with your Option. If you own the TrueReturn Option, on the Rider Maturity Date, the Contract Value may be increased due to the Option. Any increase will be allocated to the Morgan Stanley VIS Money Market-Class Y Sub-Account. You may make transfers from this Variable Sub-Account to the Fixed Account Options (as allowed) or to the Variable Sub-Accounts included in your model portfolio, but only according to the allocation specification of that model portfolio. All of your Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the next calendar quarter according to the allocation percentages for your currently selected model portfolio. THE FOLLOWING APPLIES TO TRUEBALANCE MODEL PORTFOLIOS SELECTED WITHOUT THE TRUERETURN OPTION OR A WITHDRAWAL BENEFIT OPTION: For TrueBalance model portfolios selected without the TrueReturn or a Withdrawal Benefit Option, you may not make transfers from the Variable Sub-Accounts to any of the other Variable Sub-Accounts. You may make transfers, as allowed under the Contract, from the Fixed Account Options to other Fixed Account Options or to the Variable Sub-Accounts included in your model portfolio, but only according to the allocation specifications of that model portfolio. You may make transfers from the Variable Sub-Accounts to any of the Fixed Account Options, except the DCA Fixed Account Option. Transfers to Fixed Account Options may be inconsistent with the investment style you selected and with the purpose of the TrueBalance program. However, all of your Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the next calendar quarter according to the percentage allocations for your currently selected model portfolio. You should consult with your Morgan Stanley Financial Advisor before making transfers. If you make a partial withdrawal from any of the Variable Sub-Accounts, your remaining Contract Value in the Variable Sub-Accounts will be automatically rebalanced at the end of the next calendar quarter according to the percentage allocations for your currently selected model portfolio. If you are participating in the Systematic Withdrawal Program when you add the TrueBalance program or change your selection of model portfolios, you may need to update your withdrawal instructions. If you have any questions, please consult your Morgan Stanley Financial Advisor. Your participation in the TrueBalance program is subject to the program's terms and conditions, and you may change model portfolios or terminate your participation in the TrueBalance program at any time by notifying us in a form satisfactory to us. We reserve the right to modify or terminate the TrueBalance program at any time. INVESTMENT ALTERNATIVES: THE FIXED ACCOUNT OPTIONS - -------------------------------------------------------------------------------- You may allocate all or a portion of your purchase payments to the Fixed Account Options. The Fixed Account Options we offer include the DOLLAR COST AVERAGING FIXED ACCOUNT OPTION, the STANDARD FIXED ACCOUNT OPTION, and the MARKET VALUE ADJUSTED FIXED ACCOUNT OPTION. We may offer additional Fixed Account Options in the future. Some Options are not available in all states. In addition, Allstate Life may limit the availability of some Fixed Account Options. Please consult with your representative for current information. The Fixed Account supports our insurance and annuity obligations. The Fixed Account consists of our general assets other than those in segregated asset accounts. We have sole discretion to invest the assets of the Fixed Account, subject to applicable law. Any money you allocate to the Fixed Account does not entitle you to share in the investment experience of the Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNT OPTION The Dollar Cost Averaging Fixed Account Option ("DCA Fixed Account Option") is one of the investment alternatives that you can use to establish a Dollar Cost Averaging Program, as described on page 62. This option allows you to allocate purchase payments to the Fixed Account that will then automatically be transferred, along with interest, in equal monthly installments to the investment alternatives that you have selected. In the future, we may offer other installment frequencies in our discretion. Each purchase payment allocated to the DCA Fixed Account Option must be at least $100. At the time you allocate a purchase payment to the DCA Fixed Account Option, you must specify the term length over which the transfers are to take place. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. You establish a new Transfer Period Account each time you allocate a purchase payment to the DCA Fixed Account Option. We currently offer term lengths from which you may select for your Transfer Period Account(s), ranging from 3 to 12 months. We may modify or eliminate the term lengths we offer in the future. Refer to Appendix A for more information. Your purchase payments will earn interest while in the DCA Fixed Account Option at the interest rate in effect at the time of the allocation, depending on the term length chosen for the Transfer Period Account and the type of Contract you have. The interest rates may also differ from those available for other Fixed Account 56 PROSPECTUS

Options. The minimum interest rate associated with the DCA Fixed Account Option is based upon state requirements and the date an application to purchase a Contract is signed. This minimum interest rate will not change after Contract issue. You must transfer all of your money, plus accumulated interest, out of a Transfer Period Account to other investment alternatives in equal monthly installments during the term of the Transfer Period Account. We reserve the right to restrict the investment alternatives available for transfers from any Transfer Period Account. You may not transfer money from the Transfer Period Accounts to any of the Fixed Account Options available under your Contract. The first transfer will occur on the next Valuation Date after you establish a Transfer Period Account. If we do not receive an allocation instruction from you when we receive the purchase payment, we will transfer each installment to the Morgan Stanley VIS Money Market - Class Y Sub-Account until we receive a different allocation instruction. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account unless you request a different investment alternative. Transferring Contract Value to the Morgan Stanley VIS Money Market - Class Y Sub-Account in this manner may not be consistent with the theory of dollar cost averaging described on page 62. If you discontinue the DCA Fixed Account Option before the expiration of a Transfer Period Account, we will transfer any remaining amount in the Transfer Period Account to the Morgan Stanley VIS Money Market - Class Y Sub-Account unless you request a different investment alternative. If you have a TrueReturn Option or Withdrawal Benefit Option, at the expiration of a Transfer Period Account or if you discontinue the DCA Fixed Account Option any amounts remaining in the Transfer Period Account will be transferred according to the investment requirements applicable to the Option you selected. You may not transfer money into the DCA Fixed Account Option or add to an existing Transfer Period Account. You may not use the Automatic Additions Program to allocate purchase payments to the DCA Fixed Account Option. The DCA Fixed Account Option may not be available in your state. Please check with your Morgan Stanley Financial Advisor for availability. STANDARD FIXED ACCOUNT OPTION You may allocate purchase payments or transfer amounts into the Standard Fixed Account Option. Each such allocation establishes a "GUARANTEE PERIOD ACCOUNT" within the Standard Fixed Account Option ("Standard Fixed Guarantee Period Account"), which is defined by the date of the allocation and the length of the initial interest rate guarantee period ("STANDARD FIXED GUARANTEE PERIOD"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Standard Fixed Guarantee Period Account must be at least $100. At the time you allocate a purchase payment or transfer amount to the Standard Fixed Account Option, you must select the Guarantee Period for that allocation from among the available Standard Fixed Guarantee Periods. For Allstate Variable Annuity Contracts, we currently offer Standard Fixed Guarantee Periods of 1, 3, 5 and 7 years in length. For Allstate Variable Annuity - L Share Contracts, we currently are not offering the Standard Fixed Account Option. Refer to Appendix A for more information. We may offer other Guarantee Periods in the future. If you allocate a purchase payment to the Standard Fixed Account Option, but do not select a Standard Fixed Guarantee Period for the new Standard Fixed Guarantee Period Account, we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account with the same Standard Fixed Guarantee Period as the Standard Fixed Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that Standard Fixed Guarantee Period, then we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account with the next shortest term currently offered. If you have not made a prior allocation to a Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account of the shortest Standard Fixed Guarantee Period we are offering at that time. Some Standard Fixed Guarantee Periods are not available in all states. Please check with your Morgan Stanley Financial Advisor for availability. The amount you allocate to a Standard Fixed Guarantee Period Account will earn interest at the interest rate in effect for that Standard Fixed Guarantee Period at the time of the allocation. Interest rates may differ depending on the type of Contract you have and may also differ from those available for other Fixed Account Options. The minimum interest rate associated with the Standard Fixed Account Option is based upon state requirements and the date an application to purchase a Contract is signed. This minimum interest rate will not change after Contract issue. In any Contract Year, the combined amount of withdrawals and transfers from a Standard Fixed Guarantee Period Account may not exceed 30% of the amount used to establish that Standard Fixed Guarantee Period Account. This limitation is waived if you withdraw your entire Contract Value. It is also waived for amounts in a Standard Fixed Guarantee Period Account during the 30 days following its renewal date ("30-DAY WINDOW"), described below, and for a single withdrawal made by your surviving spouse within one year of continuing the Contract after your death. 57 PROSPECTUS

Amounts under the 30% limit that are not withdrawn in a Contract Year do not carry over to subsequent Contract Years. At the end of a Standard Fixed Guarantee Period and each year thereafter, we will declare a renewal interest rate that will be guaranteed for 1 year. Subsequent renewal dates will be on the anniversaries of the first renewal date. Prior to a renewal date, we will send you a notice that will outline the options available to you. During the 30-Day Window following the expiration of a Standard Fixed Guarantee Period Account, the 30% limit for transfers and withdrawals from that Guarantee Period Account is waived and you may elect to: .. transfer all or part of the money from the Standard Fixed Guarantee Period Account to establish a new Guarantee Period Account within the Standard Fixed Account Option or the Market Value Adjusted Fixed Account Option, if available; or .. transfer all or part of the money from the Standard Fixed Guarantee Period Account to other investment alternatives available at the time; or .. withdraw all or part of the money from the Standard Fixed Guarantee Period Account. Withdrawal charges and taxes may apply. Withdrawals taken to satisfy IRS minimum distribution rules will count against the 30% limit. The 30% limit will be waived for a Contract Year to the extent that: .. you have already exceeded the 30% limit and you must still make a withdrawal during that Contract Year to satisfy IRS minimum distribution rules; or .. you have not yet exceeded the 30% limit but you must make a withdrawal during that Contract Year to satisfy IRS minimum distribution rules, and such withdrawal will put you over the 30% limit. The money in the Standard Fixed Guarantee Period Account will earn interest at the declared renewal rate from the renewal date until the date we receive notification of your election. If we receive notification of your election to make a transfer or withdrawal from a renewing Standard Fixed Guarantee Period Account on or before the renewal date, the transfer or withdrawal will be deemed to have occurred on the renewal date. If we receive notification of your election to make a transfer or withdrawal from the renewing Standard Fixed Guarantee Period Account after the renewal date, but before the expiration of the 30-Day Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred from the renewing Standard Fixed Guarantee Period Account will continue to earn interest until the next renewal date at the declared renewal rate. If we do not receive notification from you within the 30-Day Window, we will assume that you have elected to renew the Standard Fixed Guarantee Period Account and the amount in the renewing Standard Fixed Guarantee Period Account will continue to earn interest at the declared renewal rate until the next renewal date, and will be subject to all restrictions of the Standard Fixed Account Option. The Standard Fixed Account Option currently is not available with the Allstate Variable Annuity - L Share Contract. MARKET VALUE ADJUSTED FIXED ACCOUNT OPTION You may allocate purchase payments or transfer amounts into the Market Value Adjusted Fixed Account Option. Each such allocation establishes a Guarantee Period Account within the Market Value Adjusted Fixed Account Option ("Market Value Adjusted Fixed Guarantee Period Account"), which is defined by the date of the allocation and the length of the initial interest rate guarantee period ("MARKET VALUE ADJUSTED FIXED GUARANTEE PERIOD"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Market Value Adjusted Fixed Guarantee Period Account must be at least $100. At the time you allocate a purchase payment or transfer amount to the Market Value Adjusted Fixed Account Option, you must select the Guarantee Period for that allocation from among the Guarantee Periods available for the Market Value Adjusted Fixed Account Option ("Market Value Adjusted Fixed Guarantee Periods"). We currently offer Market Value Adjusted Fixed Guarantee Periods of 3, 5, 7, and 10 years. Refer to Appendix A for more information. We may offer other Guarantee Periods in the future. If you allocate a purchase payment to the Market Value Adjusted Fixed Account Option, but do not select a Market Value Adjusted Fixed Guarantee Period for the new Market Value Adjusted Fixed Guarantee Period Account, we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period as the Market Value Adjusted Fixed Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that Market Value Adjusted Fixed Guarantee Period, then we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account with the next shortest term currently offered. If you have not made a prior allocation to a Market Value Adjusted Fixed Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account of the shortest Market Value Adjusted Fixed Guarantee Period we are offering at that time. The Market Value Adjusted Fixed Account Option is not available in all states. Please check with your Morgan Stanley Financial Advisor for availability. The amount you allocate to a Market Value Adjusted Fixed Guarantee Period Account will earn interest at the interest rate in effect for that Market Value Adjusted Fixed Guarantee Period at the time of the allocation. Interest rates may differ depending on the type of 58 PROSPECTUS

Contract you have and may also differ from those available for other Fixed Account Options. Withdrawals and transfers from a Market Value Adjusted Fixed Guarantee Period Account may be subject to a Market Value Adjustment. A Market Value Adjustment may also apply to amounts in the Market Value Adjusted Fixed Account Option if we pay Death Proceeds or if the Payout Start Date begins on a day other than during the 30-day period after such Market Value Adjusted Fixed Guarantee Period Account expires ("30-Day MVA Window"). We will not make a Market Value Adjustment if you make a transfer or withdrawal during the 30-Day MVA Window. We apply a Market Value Adjustment to reflect changes in interest rates from the time you first allocate money to a Market Value Adjusted Fixed Guarantee Period Account to the time the money is taken out of that Market Value Adjusted Fixed Guarantee Period Account under the circumstances described above. We use the U.S. Treasury Note Constant Maturity Yield as reported in Federal Reserve Board Statistical Release H.15 ("TREASURY RATE") to calculate the Market Value Adjustment. We do so by comparing the Treasury Rate for a maturity equal to the Market Value Adjusted Fixed Guarantee Period at the time the Market Value Adjusted Fixed Guarantee Period Account is established with the Treasury Rate for the same maturity at the time the money is taken from the Market Value Adjusted Fixed Guarantee Period Account. The Market Value Adjustment may be positive or negative, depending on changes in interest rates. As such, you bear the investment risk associated with changes in interest rates. If interest rates have increased since the establishment of a Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment, together with any applicable withdrawal charges, premium taxes, and income tax withholdings could reduce the amount you receive upon full withdrawal from a Market Value Adjusted Fixed Guarantee Period Account to an amount less than the purchase payment used to establish that Market Value Adjusted Fixed Guarantee Period Account. Generally, if at the time you establish a Market Value Adjusted Fixed Guarantee Period Account, the Treasury Rate for a maturity equal to that Market Value Adjusted Fixed Guarantee Period is higher than the applicable Treasury Rate at the time money is to be taken from the Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment will be positive. Conversely, if at the time you establish a Market Value Adjusted Fixed Guarantee Period Account, the applicable Treasury Rate is lower than the applicable Treasury Rate at the time the money is to be taken from the Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment will be negative. For example, assume that you purchase a Contract and allocate part of the initial purchase payment to the Market Value Adjusted Fixed Account Option to establish a 5-year Market Value Adjusted Fixed Guarantee Period Account. Assume that the 5-year Treasury Rate at that time is 4.50%. Next, assume that at the end of the 3rd year, you withdraw money from the Market Value Adjusted Fixed Guarantee Period Account. If, at that time, the 5-year Treasury Rate is 4.20%, then the Market Value Adjustment will be positive. Conversely, if the 5-year Treasury Rate at that time is 4.80%, then the Market Value Adjustment will be negative. The formula used to calculate the Market Value Adjustment and numerical examples illustrating its application are shown in Appendix B of this prospectus. At the end of a Market Value Adjusted Fixed Guarantee Period, the Market Value Adjusted Fixed Guarantee Period Account expires and we will automatically transfer the money from such Guarantee Period Account to establish a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period, unless you notify us otherwise. The new Market Value Adjusted Fixed Guarantee Period Account will be established as of the day immediately following the expiration date of the expiring Market Value Adjusted Guarantee Period Account ("New Account Start Date.") If the Market Value Adjusted Fixed Guarantee Period is no longer being offered, we will establish a new Market Value Adjusted Fixed Guarantee Period Account with the next shortest Market Value Adjusted Fixed Guarantee Period available. Prior to the expiration date, we will send you a notice, which will outline the options available to you. During the 30-Day MVA Window a Market Value Adjustment will not be applied to transfers and withdrawals from the expiring Market Value Adjusted Fixed Guarantee Period Account and you may elect to: .. transfer all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account to establish a new Guarantee Period Account within the Standard Fixed Account Option or the Market Value Adjusted Fixed Account Option, if available; or .. transfer all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account to other investment alternatives available at the time; or .. withdraw all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account. Withdrawal charges and taxes may apply. The money in the Market Value Adjusted Fixed Guarantee Period Account will earn interest at the interest rate declared for the new Market Value Adjusted Fixed Guarantee Period Account from the New Account Start Date until the date we receive notification of your election. If we receive notification 59 PROSPECTUS

of your election to make a transfer or withdrawal from an expiring Market Value Adjusted Fixed Guarantee Period Account on or before the New Account Start Date, the transfer or withdrawal will be deemed to have occurred on the New Account Start Date. If we receive notification of your election to make a transfer or withdrawal from the expiring Market Value Adjusted Fixed Guarantee Period Account after the New Account Start Date, but before the expiration of the 30-Day MVA Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred will earn interest for the term of the new Market Value Adjusted Fixed Guarantee Period Account, at the interest rate declared for such Account. If we do not receive notification from you within the 30-Day Window, we will assume that you have elected to transfer the amount in the expiring Market Value Adjusted Fixed Guarantee Period Account to establish a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period, and the amount in the new Market Value Adjusted Fixed Guarantee Period Account will continue to earn interest at the interest rate declared for the new Market Value Adjusted Fixed Guarantee Period Account, and will be subject to all restrictions of the Market Value Adjusted Fixed Account Option. If we no longer offer that Market Value Adjusted Fixed Guarantee Period, the Market Value Adjusted Fixed Guarantee Period for the new Market Value Adjusted Fixed Guarantee Period Account will be the next shortest term length we offer for the Market Value Adjusted Fixed Account Option at that time, and the interest rate will be the rate declared by us at that time for such term. INVESTMENT ALTERNATIVES: TRANSFERS - -------------------------------------------------------------------------------- TRANSFERS DURING THE ACCUMULATION PHASE During the Accumulation Phase, you may transfer Contract Value among the investment alternatives. You may not transfer Contract Value to the DCA Fixed Account Option or add to an existing Transfer Period Account. You may request transfers in writing on a form that we provided or by telephone according to the procedure described below. You may make up to 12 transfers per Contract Year without charge. A transfer fee equal to 1.00% of the amount transferred applies to each transfer after the 12th transfer in any Contract Year. This fee may be changed, but in no event will it exceed 2.00% of the amount transferred. Multiple transfers on a single Valuation Date are considered a single transfer for purposes of assessing the transfer fee. If you added the TrueReturn Option or a Withdrawal Benefit Option to your Contract, certain restrictions on transfers apply. See the "TrueReturn/SM/ Accumulation Benefit Option" and "Withdrawal Benefit Options" sections of this prospectus for more information. The minimum amount that you may transfer from the Standard Fixed Account Option, Market Value Adjusted Fixed Account Option or a Variable Sub-Account is $100 or the total remaining balance in the Standard Fixed Account Option, Market Value Adjusted Fixed Account Option or the Variable Sub-Account, if less. These limitations do not apply to the DCA Fixed Account Option. The total amount that you may transfer or withdraw from a Standard Fixed Guarantee Period Account in a Contract Year is 30% of the amount used to establish that Guarantee Period Account. See "Standard Fixed Account Option". The minimum amount that can be transferred to the Standard Fixed Account Option and the Market Value Adjusted Fixed Account Option is $100. We will process transfer requests that we receive before 3:00 p.m. Central Time on any Valuation Date using the Accumulation Unit Values for that Date. We will process requests completed after 3:00 p.m. on any Valuation Date using the Accumulation Unit Values for the next Valuation Date. The Contract permits us to defer transfers from the Fixed Account Options for up to 6 months from the date we receive your request. If we decide to postpone transfers from any Fixed Account Option for 30 days or more, we will pay interest as required by applicable law. Any interest would be payable from the date we receive the transfer request to the date we make the transfer. We reserve the right to waive any transfer restrictions. TRANSFERS DURING THE PAYOUT PHASE During the Payout Phase, you may make transfers among the Variable Sub-Accounts so as to change the relative weighting of the Variable Sub-Accounts on which your variable income payments will be based. You may make up to 12 transfers per Contract Year within each Income Plan. You may not convert any portion of your fixed income payments into variable income payments. You may not make transfers among Income Plans. You may make transfers from the variable income payments to the fixed income payments to increase the proportion of your income payments consisting of fixed income payments, unless you have selected the Income Protection Benefit Option. TELEPHONE OR ELECTRONIC TRANSFERS You may make transfers by telephone by calling 1-800-654-2397. The cut-off time for telephone transfer requests is 3:00 p.m. Central Time. In the event that the New York Stock Exchange closes early, i.e., before 3:00 p.m. Central Time, or in the event that the Exchange closes early for a period of time but then reopens for trading on the same day, we will process telephone transfer requests as of the close of the Exchange on that particular day. We will not accept telephone requests received from you at any telephone number other than the number that appears in this paragraph or received after the close of trading on the Exchange. If you own the Contract with a joint Contract Owner, unless we receive 60 PROSPECTUS

contrary instructions, we will accept instructions from either you or the other Contract Owner. We may suspend, modify or terminate the telephone transfer privilege, as well as any other electronic or automated means we previously approved, at any time without notice. We use procedures that we believe provide reasonable assurance that the telephone transfers are genuine. For example, we tape telephone conversations with persons purporting to authorize transfers and request identifying information. Accordingly, we disclaim any liability for losses resulting from allegedly unauthorized telephone transfers. However, if we do not take reasonable steps to help ensure that a telephone authorization is valid, we may be liable for such losses. MARKET TIMING & EXCESSIVE TRADING The Contracts are intended for long-term investment. Market timing and excessive trading can potentially dilute the value of Variable Sub-Accounts and can disrupt management of a Portfolio and raise its expenses, which can impair Portfolio performance and adversely affect your Contract Value. Our policy is not to accept knowingly any money intended for the purpose of market timing or excessive trading. Accordingly, you should not invest in the Contract if your purpose is to engage in market timing or excessive trading, and you should refrain from such practices if you currently own a Contract. We seek to detect market timing or excessive trading activity by reviewing trading activities. Portfolios also may report suspected market-timing or excessive trading activity to us. If, in our judgment, we determine that the transfers are part of a market timing strategy or are otherwise harmful to the underlying Portfolio, we will impose the trading limitations as described below under "Trading Limitations." Because there is no universally accepted definition of what constitutes market timing or excessive trading, we will use our reasonable judgment based on all of the circumstances. While we seek to deter market timing and excessive trading in Variable Sub-Accounts, because our procedures involve the exercise of reasonable judgment, we may not identify or prevent some market timing or excessive trading. Moreover, imposition of trading limitations is triggered by the detection of market timing or excessive trading activity, and the trading limitations are not applied prior to detection of such trading activity. Therefore, our policies and procedures do not prevent such trading activity before it is detected. As a result, some investors may be able to engage in market timing and excessive trading, while others are prohibited, and the Portfolio may experience the adverse effects of market timing and excessive trading described above. TRADING LIMITATIONS We reserve the right to limit transfers among the investment alternatives in any Contract year, require that all future transfer requests be submitted through U.S. Postal Service First Class Mail thereby refusing to accept transfer requests via telephone, facsimile, Internet, or overnight delivery, or to refuse any transfer request, if: .. we believe, in our sole discretion, that certain trading practices, such as excessive trading, by, or on behalf of, one or more Contract Owners, or a specific transfer request or group of transfer requests, may have a detrimental effect on the Accumulation Unit Values of any Variable Sub-Account or on the share prices of the corresponding Portfolio or otherwise would be to the disadvantage of other Contract Owners; or .. we are informed by one or more of the Portfolios that they intend to restrict the purchase, exchange, or redemption of Portfolio shares because of excessive trading or because they believe that a specific transfer or group of transfers would have a detrimental effect on the prices of Portfolio shares. In making the determination that trading activity constitutes market timing or excessive trading, we will consider, among other things: .. the total dollar amount being transferred, both in the aggregate and in the transfer request; .. the number of transfers you make over a period of time and/or the period of time between transfers (note: one set of transfers to and from a Variable Sub-Account in a short period of time can constitute market timing); .. whether your transfers follow a pattern that appears designed to take advantage of short term market fluctuations, particularly within certain Variable Sub-Account underlying Portfolios that we have identified as being susceptible to market timing activities; .. whether the manager of the underlying Portfolio has indicated that the transfers interfere with Portfolio management or otherwise adversely impact the Portfolio; and .. the investment objectives and/or size of the Variable Sub-Account underlying Portfolio. We seek to apply these trading limitations uniformly. However, because these determinations involve the exercise of discretion, it is possible that we may not detect some market timing or excessive trading activity. As a result, it is possible that some investors may be able to engage in market timing or excessive trading activity, while others are prohibited, and the Portfolio may experience the adverse effects of market timing and excessive trading described above. If we determine that a Contract Owner has engaged in market timing or excessive trading activity, we will require that all future transfer requests be submitted 61 PROSPECTUS

through U.S. Postal Service First Class Mail thereby refusing to accept transfer requests via telephone, facsimile, Internet, or overnight delivery. If we determine that a Contract Owner continues to engage in a pattern of market timing or excessive trading activity we will restrict that Contract Owner from making future additions or transfers into the impacted Variable Sub-Account(s) or will restrict that Contract Owner from making future additions or transfers into the class of Variable Sub-Account(s) if the Variable Sub-Accounts(s) involved are vulnerable to arbitrage market timing trading activity (i.e. International, High Yield, and Small Cap Variable Sub-Accounts). In our sole discretion, we may revise our Trading Limitations at any time as necessary to better deter or minimize market timing and excessive trading or to comply with regulatory requirements. SHORT TERM TRADING FEES We reserve the right to assess short-term trading fees in connection with transfers from Variable Sub-Accounts that occur within a certain number of days following the date of allocation to the Variable Sub-Accounts. Such fees may vary by Variable Sub-Account, but will only apply to those Variable Sub-Accounts corresponding to underlying funds that assess such fees. DOLLAR COST AVERAGING PROGRAM Through our Dollar Cost Averaging Program, you may automatically transfer a fixed dollar amount on a regular basis from any Variable Sub-Account or any Fixed Account Option to any of the other Variable Sub-Accounts. You may not use the Dollar Cost Averaging Program to transfer amounts to the Fixed Account Options. This program is available only during the Accumulation Phase. We will not charge a transfer fee for transfers made under this Program, nor will such transfers count against the 12 transfers you can make each Contract Year without paying a transfer fee. The theory of dollar cost averaging is that if purchases of equal dollar amounts are made at fluctuating prices, the aggregate average cost per unit will be less than the average of the unit prices on the same purchase dates. However, participation in this Program does not assure you of a greater profit from your purchases under the Program nor will it prevent or necessarily reduce losses in a declining market. Call or write us for instructions on how to enroll. AUTOMATIC PORTFOLIO REBALANCING PROGRAM Once you have allocated your money among the Variable Sub-Accounts, the performance of each Sub-Account may cause a shift in the percentage you allocated to each Sub-Account. If you select our Automatic Portfolio Rebalancing Program, we will automatically rebalance the Contract Value in each Variable Sub-Account and return it to the desired percentage allocations. Money you allocate to the Fixed Account will not be included in the rebalancing. We will rebalance your account quarterly, semi-annually, or annually. We will measure these periods according to your instructions. We will transfer amounts among the Variable Sub-Accounts to achieve the percentage allocations you specify. You can change your allocations at any time by contacting us in writing or by telephone. The new allocation will be effective with the first rebalancing that occurs after we receive your written or telephone request. We are not responsible for rebalancing that occurs prior to receipt of proper notice of your request. Example: Assume that you want your initial purchase payment split among 2 Variable Sub-Accounts. You want 40% to be in the Morgan Stanley VIS Income Plus - Class Y Sub-Account and 60% to be in the Van Kampen LIT Aggressive Growth, Class II Sub-Account. Over the next 2 months the bond market does very well while the stock market performs poorly. At the end of the first quarter, the Morgan Stanley VIS Income Plus - Class Y Sub-Account now represents 50% of your holdings because of its increase in value. If you choose to have your holdings in a Contract or Contracts rebalanced quarterly, on the first day of the next quarter we would sell some of your units in the Morgan Stanley VIS Income Plus - Class Y Sub-Account for the appropriate Contract(s) and use the money to buy more units in the Van Kampen LIT Aggressive Growth, Class II Sub-Account so that the percentage allocations would again be 40% and 60% respectively. The transfers made under the program do not count towards the 12 transfers you can make without paying a transfer fee, and are not subject to a transfer fee. Portfolio rebalancing is consistent with maintaining your allocation of investments among market segments, although it is accomplished by reducing your Contract Value allocated to the Variable Sub-Accounts that performed better during the previous time period. EXPENSES - -------------------------------------------------------------------------------- As a Contract Owner, you will bear, directly or indirectly, the charges and expenses described below. CONTRACT MAINTENANCE CHARGE During the Accumulation Phase, on each Contract Anniversary, we will deduct a $30 contract maintenance charge from your assets invested in the Morgan Stanley 62 PROSPECTUS

VIS Money Market Variable Sub-Account. If there are insufficient assets in that Variable Sub-Account, we will deduct the balance of the charge proportionally from the other Variable Sub-Accounts. We also will deduct this charge if you withdraw your entire Contract Value, unless your Contract qualifies for a waiver. During the Payout Phase, we will deduct the charge proportionately from each income payment. The charge is to compensate us for the cost of administering the Contracts and the Variable Account. Maintenance costs include expenses we incur in billing and collecting purchase payments; keeping records; processing death claims, cash withdrawals, and policy changes; proxy statements; calculating Accumulation Unit Values and income payments; and issuing reports to Contract Owners and regulatory agencies. We cannot increase the charge. We will waive this charge: .. for the remaining term of the Contract once your total purchase payments to the Contract equal $50,000 or more; or .. for a Contract Anniversary, if on that date, your entire Contract Value is allocated to the Fixed Account Options, or after the Payout Start Date, if all income payments are fixed income payments. We reserve the right to waive this charge for all Contracts. ADMINISTRATIVE EXPENSE CHARGE For Contracts issued before January 1, 2005 and for Contracts issued on or after October 17, 2005, we deduct an administrative expense charge at an annual rate of 0.19% of the average daily net assets you have invested in the Variable Sub-Accounts. For Contracts issued on or after January 1, 2005 and prior to October 17, 2005, we deduct an administrative expense charge at an annual rate of 0.30% of the average daily net assets you have invested in the Variable Sub-Accounts. Effective October 17, 2005 and thereafter, the administrative expense charge we deduct for such Contracts is at an annual rate of 0.19% of the average daily net assets you have invested in the Variable Sub-Accounts. We intend this charge to cover actual administrative expenses that exceed the revenues from the contract maintenance charge. There is no necessary relationship between the amount of administrative charge imposed on a given Contract and the amount of expenses that may be attributed to that Contract. We assess this charge each day during the Accumulation Phase and the Payout Phase. We may increase this charge for Contracts issued in the future, but in no event will it exceed 0.35%. We guarantee that after your Contract is issued we will not increase this charge for your Contract. MORTALITY AND EXPENSE RISK CHARGE We deduct a mortality and expense risk charge daily from the net assets you have invested in the Variable Sub-Accounts. We assess mortality and expense risk charges during the Accumulation and Payout Phases of the Contract, except as noted below. The annual mortality and expense risk charge for the Contracts without any optional benefit are as follows: ALLSTATE VARIABLE ANNUITY 1.10% - --------------------------------------------------- ALLSTATE VARIABLE ANNUITY - L SHARE 1.50% - --------------------------------------------------- The mortality and expense risk charge is for all the insurance benefits available with your Contract (including our guarantee of annuity rates and the death benefits), for certain expenses of the Contract, and for assuming the risk (expense risk) that the current charges will not be sufficient in the future to cover the cost of administering the Contract. If the charges under the Contract are not sufficient, then we will bear the loss. We charge an additional amount for the optional benefits to compensate us for the additional risk that we accept by providing these options. You will pay additional mortality and expense risk charges if you add any optional benefits to your Contract. The additional mortality and expense risk charge you pay will depend upon which of the options you select: .. MAV Death Benefit Option: The current mortality and expense risk charge for this option is 0.20%. This charge may be increased, but will never exceed 0.30%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. We deduct the charge for this option only during the Accumulation Phase. .. Enhanced Beneficiary Protection (Annual Increase) Option: The current mortality and expense risk charge for this option is 0.30%. This charge will never exceed 0.30%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. We deduct the charge for this option only during the Accumulation Phase. .. Earnings Protection Death Benefit Option: The current mortality and expense risk charge for this option is: . 0.25% (maximum of 0.35%) if the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date; . 0.40% (maximum of 0.50%) if the oldest Contract Owner or oldest Annuitant is age 71 or older and both are age 79 or younger on the Rider Application Date. The charges may be increased but they will never exceed the maximum charges shown above. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. However, if your spouse elects to continue the Contract in the event of your death and if he or she elects to continue the Earnings Protection Death Benefit Option, the charge will be based on the ages of the oldest 63 PROSPECTUS

new Contract Owner and the oldest Annuitant at the time the Contract is continued. Refer to the Death Benefit Payments provision in this prospectus for more information. We deduct the charge for this option only during the Accumulation Phase. .. Income Protection Benefit Option: The current mortality and expense risk charge for this option is 0.50%. This charge may be increased, but will never exceed 0.75%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. The charge will be deducted only during the Payout Phase. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION FEE We charge a separate annual Rider Fee for the TrueReturn Option. The current annual Rider Fee is 0.50% of the Benefit Base. We deduct the Rider Fee on each Contract Anniversary during the Rider Period or until you terminate the Option, if earlier. We reserve the right to increase the Rider Fee to up to 1.25%. We currently charge the same Rider Fee regardless of the Rider Period and Guarantee Option you select, however we reserve the right to charge different fees for different Rider Periods and Guarantee Options in the future. However, once we issue your Option, we cannot change the Rider Fee that applies to your Contract. If you elect to exercise the Rider Trade-In Option, the new Rider Fee will be based on the Rider Fee percentage applicable to a new TrueReturn Option at the time of trade-in. The Rider Fee is deducted only from the Variable Sub-Account(s) on a pro rata basis in the proportion that your value in each Variable Sub-Account bears to your total value in all Variable Sub-Accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-Account. If you terminate this Option prior to the Rider Maturity Date on a date other than a Contract Anniversary, we will deduct an entire Rider Fee from your Contract Value on the date the Option is terminated. However, if the Option is terminated due to death of the Contract Owner or Annuitant, we will not charge a Rider Fee unless the date we receive a Complete Request for Settlement of the Death Proceeds is also a Contract Anniversary. If the Option is terminated on the Payout Start Date, we will not charge a Rider Fee unless the Payout Start Date is also a Contract Anniversary. Additionally, if you elect to exercise the Rider Trade-In Option and cancel the Option on a date other than a Contract Anniversary, we will not deduct a Rider Fee on the date the Option is terminated. Refer to the "TrueReturn/sm/ Accumulation Benefit Option" section of this prospectus for more information. SPOUSAL PROTECTION BENEFIT(CO-ANNUITANT) OPTION FEE AND SPOUSAL PROTECTION BENEFIT(CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS FEE We charge a separate annual Rider Fee for both the Spousal Protection Benefit (Co-Annuitant) Option and Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts. The current annual Rider Fee is 0.10% of the Contract Value for either Option. This applies to all new Options added on or after January 1, 2005. For Options added prior to January 1, 2005, there is no charge associated with the Options. We deduct the Rider Fee on each Contract Anniversary up to and including the date you terminate the Option. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. We reserve the right to charge different Rider Fees for new Spousal Protection Benefit (Co-Annuitant) Options and/ or new Spousal Protection Benefit (Co-Annuitant) Options for Custodial Individual Retirement Accounts we offer in the future. Once we issue your Option, we cannot change the Rider Fee that applies to your Contract. The Rider Fee is deducted only from the Variable Sub-Account(s) on a pro-rata basis in the proportion that your value in each Variable Sub-Account bears to your total value in all Variable Sub-Accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-Account. If, at the time the Rider Fee is deducted, the Rider Fee exceeds the total value in all Variable Sub-Accounts, the excess of the Rider Fee over the total value in all Variable Sub-Accounts will be waived. The first Rider Fee will be deducted on the first Contract Anniversary following the Rider Date. A Rider Fee will be deducted on each subsequent Contract Anniversary up to and including the date the Option is terminated. We will not charge a Rider Fee on the date the Option is terminated, on a date other than the Contract Anniversary, if the Option is terminated on the Payout Start Date or due to death of the Contract Owner or Annuitant. For the first Contract Anniversary following the Rider Date, the Rider Fee is equal to the number of months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.10%, with the result multiplied by the Contract Value as of the first Contract Anniversary. For subsequent Contract Anniversaries, the Rider Fee is equal to 0.10% multiplied by the Contract Value as of that Contract Anniversary. If you terminate this Option on a date other than a Contract Anniversary, we will deduct a Rider Fee. The Rider Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination, or if you terminate this Option during the first Benefit Year, from the Rider Date to the date of termination. The pro-rated Rider Fee will be equal to the number of full months from the Contract Anniversary to the date of termination, or if you terminate this Option during the first Contract Year after adding the Option, the number of full months from the Rider Date to the date of termination, divided 64 PROSPECTUS

by twelve, multiplied by 0.10%, with the result multiplied by the Contract Value immediately prior to the termination. RETIREMENT INCOME GUARANTEE OPTION FEE We discontinued offering the Retirement Income Guarantee Options as of January 1, 2004 (up to May 1, 2004 in certain states). Fees described below apply to Contract Owners who selected an Option prior to January 1, 2004 (up to May 1, 2004 in certain states). We impose a separate annual Rider Fee for RIG 1 and RIG 2. The current annual Rider Fee for RIG 1 is 0.40% of the Income Base on each Contract Anniversary. The current annual Rider Fee for RIG 2 is 0.55% of the Income Base on each Contract Anniversary. See "Retirement Income Guarantee Options" for details. We deduct the Rider Fees only from the Variable Sub-Account(s) on a pro-rata basis. For the initial Contract Anniversary after the Rider Date, we will deduct a fee pro rated to cover the period from the Rider Date to the Contract Anniversary. In the case of a full withdrawal of the Contract Value on any date other than the Contract Anniversary, we will deduct from the amount paid upon withdrawal the Rider Fee multiplied by the appropriate Income Base immediately prior to the withdrawal pro rated to cover the period the Option was in effect during the current Contract Year. We will not deduct the Rider Fee during the Payout Phase. WITHDRAWAL BENEFIT OPTION FEE Effective May 1, 2006, we ceased offering the SureIncome Option except in a limited number of states. We charge separate annual Rider Fees for each of the SureIncome Option (the "SUREINCOME OPTION FEE"), the SureIncome Plus Option (the "SUREINCOME PLUS OPTION FEE"), and the SureIncome For Life Option (the "SUREINCOME FOR LIFE OPTION FEE"). Collectively, we refer to the SureIncome Option Fee, the SureIncome Plus Option Fee and the SureIncome For Life Option Fee as the "WITHDRAWAL BENEFIT OPTION FEES". "WITHDRAWAL BENEFIT OPTION FEE" is used to refer to any one of the Withdrawal Benefit Option Fees. The current annual SureIncome Option Fee is 0.50% of the Benefit Base. The current annual SureIncome Plus Option Fee and the current annual SureIncome For Life Option Fee are each 0.65% of the Benefit Base. We reserve the right to increase any Withdrawal Benefit Option Fee to up to 1.25% of the Benefit Base. We reserve the right to charge a different Withdrawal Benefit Option Fee for different Withdrawal Benefit Factors or Withdrawal Benefit Options we may offer in the future. Once we issue your Withdrawal Benefit Option, we cannot change the Withdrawal Benefit Option Fee that applies to your Contract. If applicable, if you elect to exercise the Rider Trade-In Option, the new Withdrawal Benefit Option Fee will be based on the Withdrawal Benefit Option Fee percentage applicable to a new Withdrawal Benefit Option available at the time of trade-in. We deduct the Withdrawal Benefit Option Fees on each Contract Anniversary up to and including the date you terminate the Option. The Withdrawal Benefit Option Fees are deducted only from the Variable Sub-Account(s) on a pro-rata basis in the proportion that your Contract Value in each Variable Sub-Account bears to your total Contract Value in all Variable Sub-Accounts. The Withdrawal Benefit Option Fee will decrease the number of Accumulation Units in each Variable Sub-Account. If, at the time the Withdrawal Benefit Option Fee is deducted, the Withdrawal Benefit Option Fee exceeds the total Contract Value in all Variable Sub-Accounts, the excess of the Withdrawal Benefit Option Fee over the total Contract Value in all Variable Sub-Accounts will be waived. The first Withdrawal Benefit Option Fee will be deducted on the first Contract Anniversary following the Rider Date. A Withdrawal Benefit Option Fee will be deducted on each subsequent Contract Anniversary up to and including the date the Withdrawal Benefit Option is terminated. For the first Contract Anniversary following the Rider Date, the SureIncome Option Fee is equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.50%, with the result multiplied by the Benefit Base on the first Contract Anniversary. For subsequent Contract Anniversaries, the SureIncome Option Fee is equal to 0.50% multiplied by the Benefit Base as of that Contract Anniversary. For the first Contract Anniversary following the Rider Date, the SureIncome Plus Option Fee and the SureIncome For Life Option Fee are each equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.65%, with the result multiplied by the Benefit Base on the first Contract Anniversary increased by purchase payments and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value. For subsequent Contract Anniversaries, the SureIncome Plus Option Fee and the SureIncome For Life Option Rider Fee are each equal to 0.65% multiplied by the Benefit Base on that Contract Anniversary increased by purchase payments and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value for any of the ten Contract Anniversaries after the Rider Date. As previously stated, we will deduct Withdrawal Benefit Option Fees on each Contract Anniversary up to and including the date you terminate the Option. If you terminate the SureIncome Option or the SureIncome Plus Option on a date other than a Contract Anniversary, we will deduct the Withdrawal Benefit Option Fee unless the termination is on the Payout Start Date or is due to the death of the Contract Owner or Annuitant. If you terminate the SureIncome For Life Option on a date 65 PROSPECTUS

other than a Contract Anniversary, we will deduct the SureIncome For Life Option Fee unless the termination is on the Payout Start Date or is due to the death of the Contract Owner, Annuitant, or the death of the SureIncome Covered Life. The Withdrawal Benefit Option Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination or, if you terminate the Withdrawal Benefit Option during the first Benefit Year, from the Rider Date to the date of termination. For the SureIncome Option, the pro-rated SureIncome Option Fee will be equal to the number of full months from the Contract Anniversary to the date of termination or, if you terminate the SureIncome Option during the first Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.50%, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination. For the SureIncome Plus Option and the SureIncome For Life Option, the pro-rated Withdrawal Benefit Option Fee will be equal to the number of full months from the Contract Anniversary to the date of termination or, if you terminate the Withdrawal Benefit Option during the first Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.65%, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination. The Withdrawal Benefit Option Fee will be waived during the Withdrawal Benefit Payout Phase. TRANSFER FEE We impose a fee upon transfers in excess of 12 during any Contract Year. The current fee is equal to 1.00% of the dollar amount transferred. This fee may be increased, but in no event will it exceed 2.00% of the dollar amount transferred. We will not charge a transfer fee on transfers that are part of a Dollar Cost Averaging Program or Automatic Portfolio Rebalancing Program. WITHDRAWAL CHARGE We may assess a withdrawal charge from the purchase payment(s) you withdraw. The amount of the charge will depend on the number of years that have elapsed since we received the purchase payment being withdrawn. A schedule showing the withdrawal charges applicable to each Contract appears on page 12. If you make a withdrawal before the Payout Start Date, we will apply the withdrawal charge percentage in effect on the date of the withdrawal, or the withdrawal charge percentage in effect on the following day, whichever is lower. Withdrawals also may be subject to tax penalties or income tax. You should consult with your tax counsel or other tax advisor regarding any withdrawals. Withdrawals from the Market Value Adjusted Fixed Account Option may be subject to a market value adjustment. Refer to page 58 for more information on market value adjustments. FREE WITHDRAWAL AMOUNT You can withdraw up to the Free Withdrawal Amount each Contract Year without paying the withdrawal charge. The Free Withdrawal Amount for a Contract Year is equal to 15% of all purchase payments that are subject to a withdrawal charge as of the beginning of that Contract Year, plus 15% of the purchase payments added to the Contract during the Contract Year. The withdrawal charge applicable to Contracts owned by Charitable Remainder Trusts is described below. Purchase payments no longer subject to a withdrawal charge will not be used to determine the Free Withdrawal Amount for a Contract Year, nor will they be assessed a withdrawal charge, if withdrawn. The Free Withdrawal Amount is not available in the Payout Phase. You may withdraw up to the Free Withdrawal Amount in each Contract Year it is available without paying a withdrawal charge; however, the amount withdrawn may be subject to a Market Value Adjustment or applicable taxes. If you do not withdraw the entire Free Withdrawal Amount in a Contract Year, any remaining portion may not be carried forward to increase the Free Withdrawal Amount in a later Contract Year. For purposes of assessing the withdrawal charge, we will treat withdrawals as coming from the oldest purchase payments first as follows: 1) Purchase payments that no longer are subject to withdrawal charges; 2) Free Withdrawal Amount (if available); 3) Remaining purchase payments subject to withdrawal charges, beginning with the oldest purchase payment; 4) Any earnings not previously withdrawn. However, for federal income tax purposes, earnings are considered to come out first, which means that you will pay taxes on the earnings portion of your withdrawal. If the Contract Owner is a Charitable Remainder Trust, the Free Withdrawal Amount in a Contract Year is equal to the greater of: .. The Free Withdrawal Amount described above; or .. Earnings as of the beginning of the Contract Year that have not been previously withdrawn. For purposes of assessing the withdrawal charge for a Charitable Remainder Trust-Owned Contract, we will treat withdrawals as coming from the earnings first and then the oldest purchase payments as follows: 1) Earnings not previously withdrawn; 2) Purchase payments that are no longer subject to withdrawal charges; 3) Free Withdrawal Amount in excess of earnings; 4) Purchase payments subject to withdrawal charges, beginning with the oldest purchase payment. 66 PROSPECTUS

ALL CONTRACTS We do not apply a withdrawal charge in the following situations: .. the death of the Contract Owner or Annuitant (unless the Settlement Value is used); .. withdrawals taken to satisfy IRS minimum distribution rules for the Contract; or .. withdrawals that qualify for one of the waivers described below. We use the amounts obtained from the withdrawal charge to pay sales commissions and other promotional or distribution expenses associated with marketing the Contracts. To the extent that the withdrawal charge does not cover all sales commissions and other promotional or distribution expenses, we may use any of our corporate assets, including potential profit which may arise from the mortality and expense risk charge or any other charges or fee described above, to make up any difference. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. You should consult your own tax counsel or other tax advisers regarding any withdrawals. CONFINEMENT WAIVER. We will waive the withdrawal charge on any applicable withdrawal taken under your Contract if the following conditions are satisfied: 1. you or the Annuitant, if the Contract Owner is not a living person, are first confined to a long term care facility or a hospital for at least 90 consecutive days. You or the Annuitant must enter the long term care facility or hospital at least 30 days after the Issue Date, 2. we receive your request for withdrawal and Due Proof of confinement no later than 90 days following the end of your or the Annuitant's confinement at the long term care facility or hospital, and 3. a physician must have prescribed the confinement and the confinement must be medically necessary (as defined in the Contract). "DUE PROOF" includes, but is not limited to, a letter signed by a physician stating the dates the Owner or Annuitant was confined, the name and location of the Long Term Care Facility or Hospital, a statement that the confinement was medically necessary, and, if released, the date the Owner or Annuitant was released from the Long Term Care Facility or Hospital. TERMINAL ILLNESS WAIVER. We will waive the withdrawal charge on any applicable withdrawal under your Contract if: 1. you or the Annuitant, if the Contract Owner is not a living person, are diagnosed by a physician as having a terminal illness (as defined in the Contract) at least 30 days after the Issue Date, and 2. you provide Due Proof of diagnosis to us before or at the time you request the withdrawal. "DUE PROOF" includes, but is not limited to, a letter signed by a physician stating that the Owner or Annuitant has a Terminal Illness and the date the Terminal Illness was first diagnosed. UNEMPLOYMENT WAIVER. We will waive the withdrawal charge on one partial or a full withdrawal taken under your Contract, if you meet the following requirements: 1. you or the Annuitant, if the Contract Owner is not a living person, become unemployed at least one year after the Issue Date, 2. you or the Annuitant receive Unemployment Compensation for at least 30 consecutive days as a result of that unemployment, and 3. you or the Annuitant claim this benefit within 180 days of your or the Annuitant's initial receipt of Unemployment Compensation. Before we will waive any withdrawal charges, you must give us Due Proof prior to, or at the time of, the withdrawal request, that you or the Annuitant have been unemployed and have been granted Unemployment Compensation for at least 30 consecutive days. "UNEMPLOYMENT COMPENSATION" means unemployment compensation received from a unit of state or federal government in the U.S. "DUE PROOF" includes, but is not limited to, a legible photocopy of an unemployment compensation payment that meets the above described criteria with regard to dates and a signed letter from you stating that you or the Annuitant meet the above described criteria. You may exercise this benefit once over the term of the Contract. Amounts withdrawn may be subject to Market Value Adjustments. Please refer to your Contract for more detailed information about the terms and conditions of these waivers. The laws of your state may limit the availability of these waivers and may also change certain terms and/or benefits available under the waivers. You should consult your Contract for further details on these variations. Also, even if you do not pay a withdrawal charge because of these waivers, a Market Value Adjustment may apply and you still may be required to pay taxes or tax penalties on the amount withdrawn. You should consult your tax advisor to determine the effect of a withdrawal on your taxes. PREMIUM TAXES Some states and other governmental entities (e.g., municipalities) charge premium taxes or similar taxes. We are responsible for paying these taxes and will deduct them from your Contract Value. Some of these taxes are 67 PROSPECTUS

due when the Contract is issued, others are due when income payments begin or upon surrender. Our current practice is not to charge anyone for these taxes until income payments begin or when a total withdrawal occurs including payment upon death. We may some time in the future discontinue this practice and deduct premium taxes from the purchase payments. Premium taxes generally range from 0% to 4%, depending on the state. At the Payout Start Date, we deduct the charge for premium taxes from each investment alternative in the proportion that the Contract Value in the investment alternative bears to the total Contract Value. DEDUCTION FOR SEPARATE ACCOUNT INCOME TAXES We are not currently maintaining a provision for taxes. In the future, however, we may establish a provision for taxes if we determine, in our sole discretion, that we will incur a tax as a result of the operation of the Variable Account. We will deduct for any taxes we incur as a result of the operation of the Variable Account, whether or not we previously made a provision for taxes and whether or not it was sufficient. Our status under the Internal Revenue Code is briefly described in the "Taxes" section of this prospectus. OTHER EXPENSES Each Portfolio deducts advisory fees and other expenses from its assets. You indirectly bear the charges and expenses of the Portfolios whose shares are held by the Variable Sub-Accounts. These fees and expenses are described in the prospectuses for the Portfolios. For a summary of Portfolio annual expenses, see pages 15-19. We may receive compensation from the investment advisers, administrators or distributors, or their affiliates, of the Portfolios in connection with the administrative, distribution, or other services we provide to the Portfolios. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- WITHDRAWALS You can withdraw some or all of your Contract Value at any time prior to the Payout Start Date. Withdrawals also are available under limited circumstances on or after the Payout Start Date. See "Income Plans" on page 69. The amount payable upon withdrawal is the Contract Value (or portion thereof) next computed after we receive the request for a withdrawal at our home office, adjusted by any applicable Market Value Adjustment, less any applicable withdrawal charges, income tax withholding, penalty tax, contract maintenance charge, Rider Fee, and any premium taxes. We will pay withdrawals from the Variable Account within 7 days of receipt of the request, subject to postponement in certain circumstances. You can withdraw money from the Variable Account or the Fixed Account Option(s) available under your Contract. To complete a partial withdrawal from the Variable Account, we will cancel Accumulation Units in an amount equal to the withdrawal and any applicable charges, fees and taxes. You must name the investment alternative from which you are taking the withdrawal. If none is named, then the withdrawal request is incomplete and cannot be honored. In general, you must withdraw at least $50 at a time. Withdrawals from the Standard Fixed Account Option may be subject to a restriction. See "Standard Fixed Account Options" on page 57. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 591/2, may be subject to an additional 10% federal penalty tax. If any withdrawal reduces your Contract Value to less than $1,000, we will treat the request as a withdrawal of the entire Contract Value, unless a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" above for more information. If you request a total withdrawal, we may require that you return your Contract to us. Your Contract will terminate if you withdraw all of your Contract Value, subject to certain exceptions if a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" for more details. We will, however, ask you to confirm your withdrawal request before terminating your Contract. If we terminate your Contract, we will distribute to you its Contract Value, adjusted by any applicable Market Value Adjustment, less withdrawal and other charges and taxes. POSTPONEMENT OF PAYMENTS We may postpone the payment of any amounts due from the Variable Account under the Contract if: 1. The New York Stock Exchange is closed for other than usual weekends or holidays, or trading on the Exchange is otherwise restricted, 2. An emergency exists as defined by the SEC, or 3. The SEC permits delay for your protection. In addition, we may delay payments or transfers from the Fixed Account Option(s) available under your Contract for up to 6 months or shorter period if required by law. If we delay payment or transfer for 30 days or more, we will pay interest as required by law. SYSTEMATIC WITHDRAWAL PROGRAM You may choose to receive systematic withdrawal payments on a monthly, quarterly, semi-annual, or annual basis at any time prior to the Payout Start Date. Please 68 PROSPECTUS

consult your Morgan Stanley Financial Advisor or call us at 1-800-654-2397 for more information. Any systematic withdrawal programs based upon IRS minimum distribution requirements may be modified to ensure guarantees under any Withdrawal Benefit Option currently attached to your Contract are not impacted by the withdrawals. Withdrawals made outside of any systematic withdrawal program based upon IRS minimum distribution requirements may impact the guarantees provided under any Withdrawal Benefit Option currently attached to your Contract. Depending on fluctuations in the value of the Variable Sub-Accounts and the value of the Fixed Account Options, systematic withdrawals may reduce or even exhaust the Contract Value. Income taxes may apply to systematic withdrawals. Please consult your tax advisor before taking any withdrawal. We will make systematic withdrawal payments to you or your designated payee. At our discretion, we may modify or suspend the Systematic Withdrawal Program and charge a processing fee for the service. If we modify or suspend the Systematic Withdrawal Program, existing systematic withdrawal payments will not be affected. MINIMUM CONTRACT VALUE If your request for a partial withdrawal would reduce your Contract Value to less than $1,000, we may treat it as a request to withdraw your entire Contract Value, unless a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" above for more information. Your Contract will terminate if you withdraw all of your Contract Value. We will, however, ask you to confirm your withdrawal request before terminating your Contract. If we terminate your Contract, we will distribute to you its Contract Value, adjusted by any applicable Market Value Adjustment, less withdrawal and other charges and applicable taxes. INCOME PAYMENTS - -------------------------------------------------------------------------------- PAYOUT START DATE The Payout Start Date is the day that we apply your Contract Value adjusted by any applicable Market Value Adjustment and less applicable taxes to an Income Plan. The first income payment must occur at least 30 days after the Issue Date. The Payout Start Date may be no later than: .. the Annuitant's 99th birthday, or .. the 10th Contract Anniversary, if later. You may change the Payout Start Date at any time by notifying us in writing of the change at least 30 days before the scheduled Payout Start Date. Absent a change, we will use the Payout Start Date stated in your Contract. INCOME PLANS An "Income Plan" is a series of payments made on a scheduled basis to you or to another person designated by you. You may select more than one Income Plan. If you choose more than one Income Plan, you must specify what proportions of your Contract Value, adjusted by any Market Value Adjustment and less any applicable taxes, should be allocated to each such Income Plan. For tax reporting purposes, your cost basis and any gain on the Contract will be allocated proportionally to each Income Plan you select based on the proportion of your Contract Value applied to each such Income Plan. We reserve the right to limit the number of Income Plans that you may select. If you choose to add the Income Protection Benefit Option, certain restrictions may apply as described under "Income Protection Benefit Option," below. If you do not select an Income Plan, we will make income payments in accordance with Income Plan 1 with a Guaranteed Payment Period of 10 years. If any Contract Owner dies during the Payout Phase, the new Contract Owner will be the surviving Contract Owner. If there is no surviving Contract Owner, the new Contract Owner will be the Beneficiary(ies) as described in the "Beneficiary" section of this prospectus. Any remaining income payments will be paid to the new Contract Owner as scheduled. Income payments to Beneficiaries may be subject to restrictions established by the Contract Owner. After the Payout Start Date, you may not make withdrawals (except as described below) or change your choice of Income Plan. Currently seven Income Plans are available. Depending on the Income Plan(s) you choose, you may receive: .. fixed income payments; .. variable income payments; or .. a combination of the two. A portion of each payment will be considered taxable and the remaining portion will be a non-taxable return of your investment in the Contract, which is also called the "basis." Once the basis in the Contract is depleted, all remaining payments will be fully taxable. If the Contract is tax-qualified, generally, all payments will be fully taxable. Taxable payments taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. The seven Income Plans are: INCOME PLAN 1 - LIFE INCOME WITH GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for at least as long as the Annuitant lives. If the Annuitant dies in the Payout Phase, we will continue to pay income payments until the guaranteed number of payments has been paid. The number of months guaranteed ("Guaranteed Payment Period") may range from 0 to 360 months. If the Annuitant is age 90 or older as of the Payout Start Date, 69 PROSPECTUS

the Guaranteed Payment Period may range from 60 to 360 months. INCOME PLAN 2 - JOINT AND SURVIVOR LIFE INCOME WITH GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for at least as long as either the Annuitant or the joint Annuitant, named at the time the Income Plan was selected, lives. If both the Annuitant and joint Annuitant die in the Payout Phase, we will continue to pay the income payments until the guaranteed number of payments has been paid. The Guaranteed Payment Period may range from 0 to 360 months. If either the Annuitant or joint Annuitant is age 90 or older as of the Payout Start Date, the Guaranteed Payment Period may range from 60 to 360 months. You may elect a reduced survivor plan of 50%, 66% or 75% of the payment amount. If you do not elect a reduced survivor amount, the payments will remain at 100%. If you elect a reduced survivor payment plan, the amount of each income payment initially will be higher but a reduction will take place at the later of 1) the death of an Annuitant; or 2) at the end of the guaranteed payment period. INCOME PLAN 3 - GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for the period you have chosen. These payments do not depend on the Annuitant's life. The shortest number of months guaranteed is 60 (120 if the Payout Start Date occurs prior to the third Contract Anniversary). The longest number of months guaranteed is 360 or the number of months between the Payout Start Date and the date that the Annuitant reaches age 100, if greater. In no event may the number of months guaranteed exceed 600. We will deduct the mortality and expense risk charge from the assets of the Variable Sub-Account supporting this Income Plan even though we may not bear any mortality risk. You may make withdrawals, change the length of the guaranteed payment period, or change the frequency of income payments under Income Plan 3. See "Modifying Payments" and "Payout Withdrawals" below for more details. INCOME PLAN 4 - LIFE INCOME WITH CASH REFUND. Under this plan, we make periodic income payments until the death of the Annuitant. If the death of the Annuitant occurs before the total amount applied to an Income Plan is paid out, we will pay a lump sum payment of the remaining amount. Payments under this plan are available only as fixed income payments. INCOME PLAN 5 - JOINT LIFE INCOME WITH CASH REFUND. Under this plan, we make periodic income payments until the deaths of both the Annuitant and joint Annuitant. If the deaths of both the Annuitant and joint Annuitant occur before the total amount applied to an Income Plan is paid out, we will pay a lump sum payment of the remaining amount. Currently, a reduced survivor plan is not available. Payments under this plan are available only as fixed income payments. INCOME PLAN 6 - LIFE INCOME WITH INSTALLMENT REFUND. Under this plan, we make periodic income payments until the later of: (1) the death of the Annuitant; or (2) the total amount paid out under the annuity is equal to the total amount applied to the Income Plan. If the death of the Annuitant occurs before the total amount applied to an Income Plan is paid out, we will continue to make payments in the same manner until any remaining payments are paid out. Payments under this plan are available only as fixed income payments. INCOME PLAN 7 - JOINT LIFE INCOME WITH INSTALLMENT REFUND. Under this plan, we make periodic income payments until the later of: (1) the deaths of both the Annuitant and joint Annuitant; or (2) the total amount paid out under the annuity is equal to the total amount applied to the Income Plan. If the deaths of both the Annuitant and joint Annuitant occur before the total amount applied to an Income Plan is paid out, we will continue to make payments in the same manner until any remaining payments are paid out. Currently, a reduced survivor plan is not available. Payments under this plan are available only as fixed income payments. If you choose an Income Plan with payments that continue for the life of the Annuitant or joint Annuitant, we may require proof of age and sex of the Annuitant or joint Annuitant before starting income payments, and proof that the Annuitant or joint Annuitant is alive before we make each payment. Please note that under Income Plans 1 and 2, if you do not select a Guaranteed Payment Period, it is possible that the payee could receive only one income payment if the Annuitant and any joint Annuitant both die before the second income payment, or only two income payments if they die before the third income payment, and so on. The length of any Guaranteed Payment Period under your selected Income Plan generally will affect the dollar amounts of each income payment. As a general rule, longer Guarantee Payment Periods result in lower income payments, all other things being equal. For example, if you choose an Income Plan with payments that depend on the life of the Annuitant but with no guaranteed payments, the income payments generally will be greater than the income payments made under the same Income Plan with a specified Guaranteed Payment Period. MODIFYING PAYMENTS After the Payout Start Date, you may make the following changes under Income Plan 3: .. You may request to modify the length of the Guaranteed Payment Period. If you elect to change the length of the Guaranteed Payment Period, the new Guaranteed Payment Period must be within the original minimum and maximum period you would have been permitted to select on the Payout Start Date. However, the maximum payment period permitted will be shortened by the period elapsed 70 PROSPECTUS

since the original Guaranteed Payment Period began. If you change the length of your Guaranteed Payment Period, we will compute the present value of your remaining payments, using the same assumptions we would use if you were terminating the income payments, as described in Payout Withdrawal. We will then adjust the remaining payments to equal what that value would support based on those same assumptions and based on the revised Guaranteed Payment Period. .. You may request to change the frequency of your payments. We currently allow you to make the changes described above once each Contract Year; on that single occasion you may make either change alone, or both simultaneously. We reserve the right to change this practice at any time without prior notice. Changes to either the frequency of payments or length of the Guaranteed Payment Period will result in a change to the payment amount and may change the amount of each payment that is taxable to you. Modifying payments of this Contract may not be allowed under Qualified Plans. In order to satisfy required minimum distributions ("RMD") under current Treasury regulations, once income payments have begun over a Guaranteed Payment Period, the Guaranteed Payment Period may not be changed even if the new period is shorter than the maximum permitted. Please consult with a competent tax advisor prior to making a request to modify payments if your Contract is subject to RMD requirements. Any change to either the frequency of payments or length of a Guaranteed Payment Period will take effect on the next payment date after we accept the requested change. PAYOUT WITHDRAWAL You may terminate all or a portion of the income payments being made under Income Plan 3 at any time and withdraw their present value ("withdrawal value"), subject to a Payout Withdrawal Charge, by writing to us ("Payout Withdrawal"). For variable income payments, the withdrawal value is equal to the present value of the variable income payments being terminated, calculated using a discount rate equal to the assumed investment rate that was used in determining the initial variable payment. For fixed income payments, the withdrawal value is equal to the present value of the fixed income payments being terminated, calculated using a discount rate equal to the applicable current interest rate (this may be the initial interest rate in some states.) The applicable current interest rate is the rate we are using on the date we receive your Payout Withdrawal request to determine income payments for a new annuitization with a payment period equal to the remaining payment period of the income payments being terminated. A Payout Withdrawal must be at least $50. If any Payout Withdrawal reduces the value of the remaining income payments to an amount not sufficient to provide an initial payment of at least $20, we reserve the right to terminate the Contract and pay you the present value of the remaining income payments in a lump sum. If you withdraw the entire value of the remaining income payments, the Contract will terminate. You must specify the investment alternative(s) from which you wish to make a Payout Withdrawal. If you withdraw a portion of the value of your remaining income payments, the payment period will remain unchanged and your remaining payment amounts will be reduced proportionately. PAYOUT WITHDRAWAL CHARGE To determine the Payout Withdrawal Charge, we assume that purchase payments are withdrawn first, beginning with the oldest payment. When an amount equal to all purchase payments has been withdrawn, additional withdrawals will not be assessed a Payout Withdrawal Charge. Payout Withdrawals will be subject to a Payout Withdrawal Charge for each Contract as follows: Number of Complete Years Since We Received the Purchase Payment Being Withdrawn/Applicable Charge: Contract: 0 1 2 3 4 5 6 7 8+ - ------------------------------------------------------------------------------------------------------------------------------------ Allstate Variable Annuity 7% 7% 6% 5% 4% 3% 2% 0% 0% Allstate Variable Annuity - L Share 7% 6% 5% 0% ADDITIONAL INFORMATION. We may make other Income Plans available. You may obtain information about them by writing or calling us. On the Payout Start Date, you must specify the portion of the Contract Value to be applied to variable income payments and the portion to be applied to fixed income payments. For the portion of your Contract Value to be applied to variable income payments, you must also specify the Variable Sub-Accounts on which to base the variable income payments as well as the allocation among those Variable Sub-Accounts. If you do not choose how the Contract Value is to be applied, then the portion of the Contract Value in the Variable Account on the Payout Start Date will be applied to variable income payments, according to the Variable Sub-Account allocations as of the Payout Start Date, and the remainder of the Contract Value will be applied to fixed income payments. We will apply your Contract Value, adjusted by any applicable Market Value Adjustment, less applicable taxes, to your Income Plan(s) on the Payout Start Date. We can make income payments in monthly, quarterly, semi-annual or annual installments, as you select. If the Contract Value is less than $2,000 when it is applied to 71 PROSPECTUS

the Income Plan(s) you choose, or not enough to provide an initial payment of at least $20 when it is applied to the Income Plan(s) you choose, and state law permits, we may: .. terminate the Contract and pay you the Contract Value, adjusted by any applicable Market Value Adjustment and less any applicable taxes, in a lump sum instead of the periodic payments you have chosen, or .. reduce the frequency of your payments so that each payment will be at least $20. VARIABLE INCOME PAYMENTS The amount of your variable income payments depends upon the investment results of the Variable Sub-Accounts you select, the premium taxes you pay, the age and sex of the Annuitant, and the Income Plan you choose. We guarantee that the payments will not be affected by: (a) company mortality experience; or (b) the amount of our administration expenses. We cannot predict the total amount of your variable income payments, which may be more or less than your total purchase payments because (a) variable income payments vary with the investment results of the underlying Portfolios; and (b) under some of the Income Plans, we make income payments only so long as an Annuitant is alive or any applicable Guaranteed Payment Period has not yet expired. In calculating the amount of the periodic payments in the annuity tables in the Contracts, we used an assumed investment rate ("AIR", also known as benchmark rate) of 3%. Currently, you may choose either a 6%, 5%, or 3% AIR per year. If you select the Income Protection Benefit Option, however, the 3% AIR must apply. The 6% and 5% AIR may not be available in all states (check with your representative for availability). Currently, if you do not choose one, the 5% AIR will automatically apply (except in states in which the 5% AIR is not available; in those states, the 3% AIR will automatically apply). You may not change the AIR after you have selected an Income Plan. We reserve the right to offer other assumed investment rates. If the actual net investment return of the Variable Sub-Accounts you choose is less than the AIR, then the dollar amount of your variable income payments will decrease. The dollar amount of your variable income payments will increase, however, if the actual net investment return exceeds the AIR. The dollar amount of the variable income payments stays level if the net investment return equals the AIR. With a higher AIR, your initial income payment will be larger than with a lower AIR. While income payments continue to be made, however, this disparity will become smaller and, if the payments have continued long enough, each payment will be smaller than if you had initially chosen a lower AIR. Please refer to the Statement of Additional Information for more detailed information as to how we determine variable income payments. You may also elect a variable income payment stream consisting of level monthly, quarterly or semi-annual payments. If you elect to receive level monthly, quarterly or semi-annual payments, the payments must be recalculated annually. You may only elect to receive level payments at or before the Payout Start Date. If you have elected level payments for an Income Plan(s), you may not make any variable to fixed payment transfers within such Income Plan(s). We will determine the amount of each annual payment as described above, place this amount in our general account, and then distribute it in level monthly, quarterly or semi-annual payments. The sum of the level payments will exceed the annual calculated amount because of an interest rate factor we use, which may vary from year to year, but will not be less than 2% per year. We do not allow withdrawals of the annual amount unless you make a full or partial withdrawal request of the value of the remaining payments under Income Plan 3. Withdrawals will be assessed a Payout Withdrawal Charge, if applicable. If the Annuitant dies while you are receiving level payments, you will not be entitled to receive any remaining level payments for that year (unless the Annuitant dies before the end of the Guaranteed Payment Period). For example, if you have selected Income Plan 1 with no Guaranteed Payment Period and the Annuitant dies during the year, the Beneficiary will not be entitled to receive the remaining level payments for that year. INCOME PROTECTION BENEFIT OPTION We offer an Income Protection Benefit Option, which may be added to your Contract on the Payout Start Date for an additional mortality and expense risk charge if you have selected variable income payments subject to the following conditions: .. The Annuitant and joint Annuitant, if applicable, must be age 75 or younger on the Payout Start Date. .. You must choose Income Plan 1 or 2, and the Guaranteed Payment Period must be for at least 120 months, unless the Internal Revenue Service requires a different payment period. .. You may apply the Income Protection Benefit Option to more than one Income Plan. .. The AIR must be 3% for the Income Plan(s) to which you wish to apply this benefit. .. You may only add the Income Protection Benefit Option on the Payout Start Date and, once added, the option cannot be cancelled. .. You may not add the Income Protection Benefit Option without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the Income Protection Benefit Option. 72 PROSPECTUS

.. You may not convert variable income payments to fixed income payments. If you select the Income Protection Benefit Option, we guarantee that your variable income payments under each of the Income Plans to which the option is applied will never be less that 85% of the initial variable amount income value ("Income Protection Benefit"), as calculated on the Payout Start Date under such Income Plans, unless you have elected a reduced survivor payment plan under Income Plan 2. If you have elected a reduced survivor payment plan, we guarantee that your variable income payments to which the option is applied will never be less than 85% of the initial variable amount income value prior to the later of 1) the death of an Annuitant; or 2) the end of the guaranteed payment period. On or after the later of these events, we guarantee that your variable income payments will never be less than 85% of the initial variable amount income value multiplied by the percentage you elected for your reduced survivor plan. See Appendix C for numerical examples that illustrate how the Income Protection Benefit is calculated. If you add the Income Protection Benefit Option to your Contract, the mortality and expense risk charge during the Payout Phase will be increased. The charge for the Income Protection Benefit Option will apply only to the Income Plan(s) to which the Option has been applied. Currently, the charge for this option is 0.50% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. We may change the amount we charge, but it will not exceed 0.75% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. Once the option is issued, we will not increase what we charge you for the benefit. In order to ensure that we achieve adequate investment diversification ("INCOME PROTECTION DIVERSIFICATION REQUIREMENT"), we reserve the right, in our sole discretion, to impose limitations on the investment alternatives in which you may invest during the Payout Phase with respect to the assets supporting the variable income payments to which the Income Protection Benefit Option applies. These limitations may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts, exclusion of certain Variable Sub-Accounts, required minimum allocations to certain Variable Sub-Accounts, and/or the required use of Automatic Portfolio Rebalancing. To achieve our Income Protection Diversification Requirement, we have divided the Variable Sub-Accounts into three separate categories: "unrestricted," "restricted" and "excluded." Currently, we require that you allocate between 30% to 100% of the assets supporting your variable income payments to the unrestricted Variable Sub-Accounts in any manner you choose. You may allocate up to 70% of the assets supporting your variable income payments to the restricted Variable Sub-Accounts. You may not, however, allocate more than 20% of the assets supporting your variable income payments to any one of the restricted Variable Sub-Accounts. You may not allocate ANY PORTION of the assets supporting your variable income payments to the excluded Variable Sub-Accounts. In the following three tables, we list our current Income Protection Diversification Requirement: UNRESTRICTED VARIABLE SUB-ACCOUNTS. There is no limit to the amount of assets supporting your variable income payments that you may allocate to any one or more of the following Variable Sub-Accounts. Currently, we require that you allocate AT LEAST 30% of the assets supporting your variable income payments to this category. Morgan Stanley VIS Income Plus - Class Y Sub-Account Morgan Stanley VIS Limited Duration - Class Y Sub-Account /(4)/ Morgan Stanley VIS Money Market - Class Y Sub-Account Fidelity VIP Money Market - Service Class 2 Sub-Account /(5)/ PIMCO VIT Real Return - Advisor Shares Sub-Account /(5)/ PIMCO VIT Total Return - Advisor Shares Sub-Account /(5)/ RESTRICTED VARIABLE SUB-ACCOUNTS. You may allocate up to 70% of the amount of assets supporting your variable income payments to the following Variable Sub-Accounts. Currently, you may not allocate more than 20% of the amount of assets supporting your variable income payments to any one of the restricted Variable Sub-Accounts. Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account Morgan Stanley VIS Dividend Growth - Class Y Sub-Account Morgan Stanley VIS Equity - Class Y Sub-Account Morgan Stanley VIS European Equity - Class Y Sub-Account/(4)/ Morgan Stanley VIS Global Advantage - Class Y Sub-Account/(1)/ Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account Morgan Stanley VIS High Yield - Class Y Sub-Account/(1)/ Morgan Stanley VIS Income Builder - Class Y Sub-Account/(1)/ 73 PROSPECTUS

Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account Morgan Stanley VIS Strategist - Class Y Sub-Account Morgan Stanley VIS Utilities - Class Y Sub-Account/(1)/ AIM V.I. Basic Value - Series II Sub-Account/(1)/ AIM V.I. Core Equity - Series II Sub-Account/(1)(6)/ AllianceBernstein Growth - Class B Sub-Account AllianceBernstein Growth and Income - Class B Sub-Account/(1)/ AllianceBernstein International Value - Class B Sub-Account AllianceBernstein Large Cap Growth - Class B Sub-Account/(1)/ AllianceBernstein Small/Mid Cap Value - Class B Sub-Account AllianceBernstein Utility Income - Class B Sub-Account AllianceBernstein Value - Class B Sub-Account Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account Fidelity VIP Growth & Income - Service Class 2 Sub-Account Fidelity VIP High Income - Service Class 2 Sub-Account Fidelity VIP Mid Cap - Service Class 2 Sub-Account FTVIP Franklin High Income - Class 2 Sub-Account/(1)/ FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Goldman Sachs VIT Structured U.S. Equity Sub-Account/(7)/ Goldman Sachs VIT Growth and Income Sub-Account Goldman Sachs VIT Mid Cap Value Sub-Account/(4)/ PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account /(5)/ PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account /(5)/ Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account/(1)/ Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account/(3)/ Putnam VT New Value - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account/(2)/ Van Kampen UIF Equity Growth, Class II Sub-Account/(2)/ Van Kampen UIF Global Franchise, Class II Sub-Account/(2)/ Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account/(2)/ Van Kampen UIF U.S. Real Estate, Class II Sub-Account/(2)/ Van Kampen UIF International Growth Equity, Class II Sub-Account/ (2)(5)/ EXCLUDED VARIABLE SUB-ACCOUNTS. Currently, none of the following Variable Sub-Accounts are available to support variable income payments. Morgan Stanley VIS Information - Class Y Sub-Account/(1)(8)/ AIM V.I. Capital Appreciation - Series II Sub-Account/(1)/ AIM V.I. Mid Cap Core Equity - Series II Sub-Account/(1)/ FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account Goldman Sachs VIT Structured Small Cap Equity Sub-Account/(7)/ Van Kampen LIT Aggressive Growth, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen UIF Small Company Growth, Class II Sub-Account/(2)/ Van Kampen UIF Emerging Markets Equity, Class II Sub-Account/(2)/ Van Kampen UIF Mid Cap Growth, Class II Sub-Account/(2)/ 74 PROSPECTUS

Van Kampen UIF Emerging Markets Debt, Class II Sub-Account/(1)(2)/ 1) Effective May 1, 2005, the following Variable Sub-Accounts closed to new investments: the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AIM V.I. Premier Equity - Series II Sub-Account (see no. 6, below), the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, theMorgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account closed to new investments.* 4) Effective May 1, 2006, the following Variable Sub-Accounts closed to new investments: the Goldman Sachs VIT Mid Cap Value Sub-Account, the Morgan Stanley VIS European Equity - Class Y Sub-Account and the Morgan Stanley VIS Limited Duration - Class Y Sub-Account.* 5) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 6) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - Series II Sub-Account unless you instruct us otherwise.* 7) Effective May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund and Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed their names to the Goldman Sachs VIT Structured Small Cap Equity Fund and the Goldman Sachs VIT Structured U.S. Equity Fund, respectively. We have made corresponding changes to the names of the Variable Sub-Accounts that invest in these Portfolios. 8) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF YOU CHOOSE TO ADD THE INCOME PROTECTION BENEFIT OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THE INCOME PROTECTION BENEFIT OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. You must use quarterly Automatic Portfolio Rebalancing to meet our Income Protection Diversification Requirement. On the date of each rebalancing, we will reallocate the amount of the assets supporting your variable income payments according to the rebalancing percentages you have selected, subject to the then current restrictions and exclusions in effect. We expect that the restrictions and exclusions for each category will change from time to time. Any change in these restrictions and exclusions will become effective no later than the next regularly scheduled rebalancing of your Variable Sub-Account choices on or immediately after the date of change. The Income Protection Diversification Requirement is based on a model. We may use a model developed and maintained by us or we may elect to use a model developed or provided by an independent third party. We will notify you at least 30 days before we make any change to our Income Protection Diversification Requirement. We may determine which Variable Sub-Accounts are eligible for each category or we may elect to follow the recommendations of an independent third party. We may at any time make new determinations as to which Variable Sub-Accounts are unrestricted, restricted or excluded. We may do so for a variety of reasons including, but not limited to, a change in the investment objectives or policies of a Portfolio, or the failure, in our sole determination, of such Portfolio to invest in accordance with its stated investment objective or policies. Transfers made for purposes of meeting the Income Protection Diversification Requirement will not count towards the number of free transfers you may make each Contract Year. See "Investment Alternatives: Transfers," above, for additional information. 75 PROSPECTUS

FIXED INCOME PAYMENTS We guarantee income payment amounts derived from any Fixed Account Option for the duration of the Income Plan. The guaranteed income payment amounts will change if the frequency of payments or the length of the payment period changes. We calculate the fixed income payments by: .. adjusting the portion of the Contract Value in any Fixed Account Option on the Payout Start Date by any applicable Market Value Adjustment; .. deducting any applicable taxes; and .. applying the resulting amount to the greater of: (a) the appropriate income payment factor for the selected Income Plan from the Income Payment Table in your Contract; or (b) such other income payment factor as we are offering on the Payout Start Date. We may defer your request to make a withdrawal from fixed income payments for a period of up to 6 months or whatever shorter time state law may require. If we defer payments for 30 days or more, we will pay interest as required by law from the date we receive the withdrawal request to the date we make payment. RETIREMENT INCOME GUARANTEE OPTIONS Effective January 1, 2004, we ceased offering the Retirement Income Guarantee Options ("RIG 1" and "RIG 2"), except in a limited number of states. Effective May 1, 2004, the RIG 1 and RIG 2 Options are no longer available in any state. If you added a Retirement Income Guarantee Option to your Contract prior to January 1, 2004 (up to May 1, 2004 in certain states), your Option will continue to apply to your Contract. Also, effective January 1, 2004, we discontinued the Trade-In Program. If you previously elected a RIG Option, you may cancel your RIG 1 or RIG 2 Option during the 60-day period following your next 3/rd/ Contract Anniversary after January 1, 2004. If you do not cancel the Option during this 60-day period, you will not be permitted to cancel it later. Please check with your Morgan Stanley Financial Advisor for details. The following describes the Retirement Income Guarantee Options for Contract Owners who elected the Option prior to May 1, 2004. We refer to the issue date of the option as the "RIDER DATE." You may add only one Retirement Income Guarantee Option to your Contract. The oldest Contract Owner and oldest Annuitant must be age 75 or younger on the Rider Application Date. Once you add a rider to your Contract, it may not be cancelled except during the 60-day period following the next 3rd Contract Anniversary after January 1, 2004, as described above. WE RESERVE THE RIGHT TO IMPOSE LIMITATIONS ON THE INVESTMENT ALTERNATIVES IN WHICH YOU MAY INVEST AS A CONDITION OF THESE OPTIONS. THESE RESTRICTIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, MAXIMUM INVESTMENT LIMITS ON CERTAIN INVESTMENT ALTERNATIVES, EXCLUSION OF CERTAIN INVESTMENT ALTERNATIVES, REQUIRED MINIMUM ALLOCATIONS TO CERTAIN VARIABLE SUB-ACCOUNTS AND/OR THE REQUIRED USE OF AUTOMATIC PORTFOLIO REBALANCING. CURRENTLY, NO SUCH RESTRICTIONS ARE BEING IMPOSED. For each option, an "INCOME BASE" is calculated, which is used only for the purpose of calculating the "GUARANTEED RETIREMENT INCOME BENEFIT" and the appropriate "RIDER FEE," all defined below. The Income Base does not provide a Contract Value or guarantee performance of any investment option. The Income Base for RIG 1 and RIG 2 are described in more detail below. You may apply the Income Base less applicable taxes to an Income Plan on the Payout Start Date and receive the Guaranteed Retirement Income Benefit if all of the following conditions are satisfied: .. The Payout Start Date must be on or after the 10/th/ Contract Anniversary of the Rider Date. .. The Payout Start Date must occur during the 30-day period following a Contract Anniversary. .. The oldest Annuitant must be age 99 or younger as of the Payout Start Date. .. You must select Fixed Amount Income Payments only. .. You must select Income Plan 1 or 2, with a Guaranteed Payment Period of at least: . 120 months, if the youngest Annuitant is age 80 or younger as of the Payout Start Date; or . 60 months, if the youngest Annuitant is older than age 80 as of the Payout Start Date. The "GUARANTEED RETIREMENT INCOME BENEFIT" is determined by applying the Income Base, less any applicable taxes, to the appropriate monthly income payment factor shown in the Income Payment Tables in your Contract for the selected Income Plan. If a different payment frequency (quarterly, semi-annual, or annual) or different Income Plan is selected, an income payment factor for the selected payment frequency and Income Plan is determined on the same mortality and interest rate basis as the Income Payment Tables shown in your Contract. On the Payout Start Date, the income payments for the selected Income Plan will be the greater of: .. The Guaranteed Retirement Income Benefit; or .. For fixed income payments, the Contract Value, adjusted by any applicable Market Value Adjustment, less any applicable taxes is applied to the greater of: the appropriate income payment factor for the selected Income Plan from the income payment tables in your Contract, or an income payment factor for the selected Income Plan that we are offering on the Payout Start Date. 76 PROSPECTUS

We assess an annual Rider Fee if you selected one of the Retirement Income Guarantee Options. The Rider Fee is deducted on each Contract Anniversary on a pro rata basis from each of the Variable Sub-Accounts in which your Contract Value is invested on that date. The Rider Fee will decrease the number of Accumulation Units in each Variable Sub-Account. The Rider Fee is deducted only during the Accumulation Phase of the Contract. For the first Contract Anniversary following the Rider Date, the Rider Fee will be prorated to cover the period between the Rider Date and the first Contract Anniversary after the Rider Date. In the case of a full withdrawal of the Contract Value, the Rider Fee is prorated to cover the period between the Contract Anniversary immediately prior to the withdrawal and the date of the withdrawal. The Rider Fee for RIG 1 is 0.40% of the Income Base on each Contract Anniversary. The Rider Fee for RIG 2 is 0.55% of the Income Base on each Contract Anniversary. These options will terminate and the corresponding Rider Fee will cease on the earliest of the following to occur: .. The date the Contract is terminated; .. If the Contract is not continued in the Accumulation Phase under either the Death of Owner or Death of Annuitant provisions of the Contract. The option will terminate on the date we determine the Death Proceeds; .. The Payout Start Date; or .. You elect to cancel your RIG 1 or RIG 2 Option during the 60-day period following the next 3rd Contract Anniversary after January 1, 2004 (since we discontinued offering the Trade-In Program as of that date). Otherwise, the options may not be terminated or cancelled. CALCULATION OF INCOME BASE. On the Rider Date, the "RIG 1 INCOME BASE" is equal to the Contract Value. The RIG 1 Income Base, plus purchase payments made after the Rider Date and less RIG 1 withdrawal adjustments for withdrawals made after the Rider Date, will accumulate interest on a daily basis at a rate equivalent to 5% per year (3% in certain states), subject to the "CAP" defined below. This accumulation will continue until the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first. After the 5% interest accumulation ends (3% in certain states), the RIG 1 Income Base will continue to be increased by purchase payments and reduced by RIG 1 withdrawal adjustments for withdrawals until the option terminates. The "RIG 1 WITHDRAWAL ADJUSTMENT" is defined below. The RIG 1 Income Base will not exceed a CAP equal to: .. 200% of the Contract Value as of the Rider Date; plus .. 200% of purchase payments made after the Rider Date, but excluding any purchase payments made in the 12-month period immediately prior to the Payout Start Date; minus .. RIG 1 Withdrawal Adjustments for any withdrawals made after the Rider Date. RIG 1 WITHDRAWAL ADJUSTMENT. Prior to the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever is earlier, the withdrawal adjustment is as follows: .. In each Contract Year, for the portion of withdrawals that do not cumulatively exceed 5% (3% in certain states) of the RIG 1 Income Base as of the beginning of the Contract Year (or as of the Rider Date for the first Contract Year in which RIG 1 is added), the withdrawal adjustment is equal to the amount withdrawn (or portion thereof) multiplied by a discount factor. The discount factor is calculated using a 5% annual interest rate (3% in certain states) and the portion of the Contract Year between the withdrawal date and the end of the Contract Year. This withdrawal adjustment has the effect of reducing the RIG 1 Income Base at the end of the Contract Year by the actual amount of the withdrawal. In other words, for purposes of calculating the RIG 1 Income Base, the withdrawal is treated as if it occurred at the end of the Contract Year. .. In each Contract Year, for the portion of withdrawals that cumulatively exceed 5% (3% in certain states) of the RIG 1 Income Base as of the beginning of the Contract Year (or as of the Rider Date for the first Contract Year in which RIG 1 is added), the withdrawal adjustment is equal to the withdrawal amount (or portion thereof), divided by the Contract Value immediately prior to the withdrawal and reduced for the portion of withdrawals that does not 77 PROSPECTUS

cumulatively exceed 5% (3% in certain states), and the result multiplied by the most recently calculated RIG 1 Income Base, reduced for the portion of withdrawals that does not cumulatively exceed 5% (3% in certain states). On or after the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or the Annuitant, all withdrawal adjustments are equal to the withdrawal amount, divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated RIG 1 Income Base. See Appendix D for numerical examples that illustrate how the RIG 1 Withdrawal Adjustment is applied. The "RIG 2 INCOME BASE" is defined as the greater of "INCOME BASE A" or "INCOME BASE B." "INCOME BASE A" and its corresponding Withdrawal Adjustment are calculated in the same manner as the RIG 1 Income Base and RIG 1 Withdrawal Adjustment. On the Rider Date, "INCOME BASE B" is equal to the Contract Value. After the Rider Date and prior to the Payout Start Date, Income Base B is recalculated each time a purchase payment or withdrawal is made as well as on each Contract Anniversary as follows: .. Each time a purchase payment is made, Income Base B is increased by the amount of the purchase payment. .. Each time a withdrawal is made, Income Base B is reduced by a proportional withdrawal adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated Income Base B. .. On each Contract Anniversary until the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first, Income Base B is equal to the greater of the Contract Value on that date or the most recently calculated Income Base B. If no purchase payments or withdrawals are made after the Rider Date, Income Base B will be equal to the greatest of the Contract Value on the Rider Date and the Contract Values on each subsequent Contract Anniversary until the earlier of the Payout Start Date or the Contract Anniversary following the 85/th/ birthday of the oldest Contact Owner or oldest Annuitant, whichever occurs first. CERTAIN EMPLOYEE BENEFIT PLANS The Contracts offered by this prospectus contain income payment tables that provide for different payments to men and women of the same age, except in states that require unisex tables. We reserve the right to use income payment tables that do not distinguish on the basis of sex to the extent permitted by applicable law. In certain employment-related situations, employers are required by law to use the same income payment tables for men and women. Accordingly, if the Contract is used in connection with an employment-related retirement or benefit plan and we do not offer unisex annuity tables in your state, you should consult with legal counsel as to whether the Contract is appropriate. DEATH BENEFITS - -------------------------------------------------------------------------------- DEATH PROCEEDS Under certain conditions, described below, we will pay Death Proceeds for this Contract on the death of the Contract Owner, Annuitant, or Co-Annuitant if the death occurs prior to the Payout Start Date. If the Owner or Annuitant dies after the Payout Start Date, we will pay remaining income payments as described in the "Payout Phase" section of your Contract. See "Income Payments" for more information. We will determine the value of the Death Proceeds as of the end of the Valuation Date during which we receive the first Complete Request for Settlement (the next Valuation Date, if we receive the request after 3:00 p.m. Central Time). In order to be considered a "COMPLETE REQUEST FOR SETTLEMENT," a claim for distribution of the Death Proceeds must include "DUE PROOF OF DEATH" in any of the following forms of documentation: .. A certified copy of the death certificate; .. A certified copy of a decree of a court of competent jurisdiction as to the finding of death; or .. Any other proof acceptable to us. "DEATH PROCEEDS" are determined based on when we receive a Complete Request for Settlement: .. If we receive a Complete Request for Settlement within 180 days of the death of the Contract Owner, Annuitant, or Co-Annuitant, as applicable, the Death Proceeds is equal to the "DEATH BENEFIT." .. If we receive a Complete Request for Settlement more than 180 days after the death of the Contract Owner, Annuitant, or Co-Annuitant, as applicable, the Death Proceeds are equal to the greater of the Contract Value or Settlement Value. We reserve the right to waive or extend, in a nondiscriminatory manner, the 180-day period in which the Death Proceeds will equal the Death Benefit. Where there are multiple Beneficiaries, we will only value the Death Proceeds at the time the first Beneficiary submits the necessary documentation in good order. Any Death Proceeds amounts attributable to any Beneficiary which remain in the Variable Sub-Accounts are subject to investment risk. DEATH BENEFIT OPTIONS In addition to the ROP Death Benefit included in your Contract, we offer the following death benefit options which may be added to your Contract: .. MAV Death Benefit Option .. Enhanced Beneficiary Protection (Annual Increase) Option .. Earnings Protection Death Benefit Option The SureIncome Plus Option and SureIncome For Life Option also include a death benefit option, the SureIncome Return of Premium Death Benefit ("SureIncome ROP Death Benefit.") The amount of the Death Benefit depends on which death benefit option(s) you select. Not all death benefit options are available in all states. You may select any combination of death benefit options on the Issue Date of your Contract or at a later date, subject to state availability and issue age restrictions. You 78 PROSPECTUS

may not add any of the death benefit option(s) to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add an option(s). The "DEATH BENEFIT" is equal to the Earnings Protection Death Benefit (if selected) plus the greatest of: .. The Contract Value; .. The Settlement Value; .. The ROP Death Benefit; .. The MAV Death Benefit Option (if selected); .. The Enhanced Beneficiary Protection (Annual Increase) Option (if selected); or .. The SureIncome ROP Death Benefit.* The "Settlement Value" is the amount that would be paid in the event of a full withdrawal of the Contract Value. * The SureIncome ROP Death Benefit under the SureIncome For Life Option is only included in the calculation of the Death Benefit upon the death of the SureIncome Covered Life. If a Contract Owner, Annuitant or Co-Annuitant who is not the SureIncome Covered Life dies, the SureIncome ROP Death Benefit is not applicable. The "ROP DEATH BENEFIT" is equal to the sum of all purchase payments, reduced by a proportional withdrawal adjustment for each withdrawal. The withdrawal adjustment is equal to the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result is multiplied by: The sum of all purchase payments made prior to the withdrawal, less any prior withdrawal adjustments. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT OPTION. The "MAV DEATH BENEFIT OPTION" is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to 0.20%. We may change what we charge for this death benefit option, but it will never exceed 0.30%. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. On the date we issue the rider for this benefit ("Rider Date"), the MAV DEATH BENEFIT is equal to the Contract Value. After the Rider Date and prior to the date we determine the Death Proceeds (see "Death Proceeds," above), the MAV Death Benefit is recalculated each time a purchase payment or withdrawal is made as well as on each Contract Anniversary as follows: .. Each time a purchase payment is made, the MAV Death Benefit is increased by the amount of the purchase payment. .. Each time a withdrawal is made, the MAV Death Benefit is reduced by a proportional withdrawal adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated MAV Death Benefit. .. On each Contract Anniversary until the first Contract Anniversary following the 80/TH/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first, the MAV Death Benefit is recalculated as the greater of the Contract Value on that date or the most recently calculated MAV Death Benefit. If no purchase payments or withdrawals are made after the Rider Date, the MAV Death Benefit will be equal to the greatest of the Contract Value on the Rider Date and the Contract Values on each subsequent Contract Anniversary after the Rider Date, but before the date we determine the Death Proceeds. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 82 below, and if the oldest New Contract Owner and the oldest Annuitant are age 80 or younger on the date we determine the Death Proceeds, then the MAV Death Benefit Option will continue. The MAV Death Benefit will continue to be recalculated for purchase payments, withdrawals, and on each Contract Anniversary after the date we determine the Death Proceeds until the earlier of: .. The first Contract Anniversary following the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier. (After the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier, the MAV Death Benefit will be recalculated only for purchase payments and withdrawals); or .. The date we next determine the Death Proceeds. ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION. The Enhanced Beneficiary Protection (Annual Increase) Option is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to 0.30%. We may change what we charge for this death benefit option, but it will never exceed 0.30%. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. On the date we issue the rider for this benefit ("Rider Date"), the Enhanced Beneficiary Protection (Annual Increase) Benefit is equal to the Contract Value. The Enhanced Beneficiary Protection (Annual Increase) Benefit, plus purchase payments made after the Rider Date and less withdrawal adjustments for withdrawals made after the Rider Date, will accumulate interest on a daily basis at a rate equivalent to 5% per year (3% in 79 PROSPECTUS

certain states), subject to the "CAP" defined below. This accumulation will continue until the earlier of: (a) the first Contract Anniversary following the 80/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first; or (b) the date we determine the Death Proceeds. After the 5% interest accumulation ends (3% in certain states), the Enhanced Beneficiary Protection (Annual Increase) Benefit will continue to be increased by purchase payments and reduced by withdrawal adjustments for withdrawals until the death benefit option terminates. The withdrawal adjustment is a proportional adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the amount of the Enhanced Beneficiary Protection (Annual Increase) Benefit immediately prior to the withdrawal. The Enhanced Beneficiary Protection (Annual Increase) Benefit CAP is equal to: .. 200% of the Contract Value as of the Rider Date; plus .. 200% of purchase payments made after the Rider Date, but excluding any purchase payments made in the 12-month period immediately prior to the death of the Contract Owner or the Annuitant; minus .. Withdrawal adjustments for any withdrawals made after the Rider Date. Refer to Appendix E for withdrawal adjustment examples. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 82, and if the oldest New Contract Owner and the oldest Annuitant are age 80 or younger on the date we determine the Death Proceeds, then the Enhanced Beneficiary Protection (Annual Increase) Option will continue. The amount of the Enhanced Beneficiary Protection (Annual Increase) Benefit as of the date we determine the Death Proceeds, plus subsequent purchase payments, less withdrawal adjustments for any subsequent withdrawals, will accumulate daily at a rate equivalent to 5% per year (3% in certain states) from the date we determine the Death Proceeds, until the earlier of: .. The first Contract Anniversary following the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier. (After the 80/th/ birthday of either the oldest New Owner or the oldest Annuitant, whichever is earlier, the Enhanced Beneficiary Protection (Annual Increase) Benefit will be recalculated only for purchase payments and withdrawals); or .. The date we next determine the Death Proceeds. EARNINGS PROTECTION DEATH BENEFIT OPTION. The "EARNINGS PROTECTION DEATH BENEFIT OPTION" is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to: .. 0.25%, if the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date; and .. 0.40%, if the oldest Contract Owner or oldest Annuitant is over age 70 and all are age 79 or younger on the Rider Application Date. We may change what we charge for this death benefit option, but it will never exceed 0.35% for issue ages 0-70 and 0.50% for issue ages 71-79. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. However, if your spouse elects to continue the Contract in the event of your death and if he or she elects to continue the Earnings Protection Death Benefit Option, the mortality and expense risk charge for the death benefit option will be based on the ages of the oldest new Contract Owner and the oldest Annuitant at the time the Contract is continued. If the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date, the EARNINGS PROTECTION DEATH BENEFIT is equal to the lesser of: .. 100% of "IN-FORCE PREMIUM" (excluding purchase payments made after the date we issue the rider for this benefit ("Rider Date") and during the twelve-month period immediately prior to the death of the Contract Owner or Annuitant); or .. 40% of "IN-FORCE EARNINGS" calculated as of the date we determine the Death Proceeds. If the oldest Contract Owner or oldest Annuitant is over age 70 and all are age 79 or younger on the Rider Application Date, the EARNINGS PROTECTION DEATH BENEFIT is equal to the lesser of: .. 50% of "IN-FORCE PREMIUM" (excluding purchase payments made after the Rider Date and during the twelve-month period immediately prior to the death of the Contract Owner or Annuitant); or .. 25% of "IN-FORCE EARNINGS" calculated as of the date we determine the Death Proceeds. IN-FORCE EARNINGS are equal to the current Contract Value less In-Force Premium. If this quantity is negative, then In-Force Earnings are equal to zero. IN-FORCE PREMIUM is equal to the Contract Value on the Rider Date, plus the sum of all purchase payments made after the Rider Date, less the sum of all "EXCESS-OF-EARNINGS WITHDRAWALS" made after the Rider Date. An EXCESS-OF-EARNINGS WITHDRAWAL is equal to the excess, if any, of the amount of the withdrawal over the 80 PROSPECTUS

amount of the In-Force Earnings immediately prior to the withdrawal. Refer to Appendix F for numerical examples that illustrate how the Earnings Protection Death Benefit Option is calculated. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 82 below, and if the oldest new Owner and the oldest Annuitant are younger than age 80 on the date we determine the Death Proceeds, then this death benefit option will continue unless the New Contract Owner elects to terminate the death benefit option. If the death benefit option is continued, the following will apply as of the date we determine the Death Proceeds upon continuation: .. The Rider Date will be changed to the date we determine the Death Proceeds; .. The In-Force Premium is equal to the Contract Value as of the new Rider Date plus all purchase payments made after the Rider Date, less the sum of all the Excess-of-Earnings Withdrawals made after the Rider Date; .. The Earnings Protection Death Benefit after the new Rider Date will be determined as described above, but using the ages of the oldest new Contract Owner and the oldest Annuitant as of the new Rider Date. .. The mortality and expense risk charge, for this rider, will be determined as described above, but using the ages of the oldest new Contract Owner and the oldest Annuitant as of the new Rider Date. If either the Contract Owner's or the Annuitant's age is misstated, the Earnings Protection Death Benefit and the mortality and expense risk charge for this death benefit option will be calculated according to the corrected age as of the Rider Date. Your Contract Value will be adjusted to reflect the mortality and expense risk charge for this death benefit option that should have been assessed based on the corrected age. ALL OPTIONS. WE RESERVE THE RIGHT TO IMPOSE LIMITATIONS ON THE INVESTMENT ALTERNATIVES IN WHICH YOU MAY INVEST AS A CONDITION OF THESE OPTIONS. THESE RESTRICTIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, MAXIMUM INVESTMENT LIMITS ON CERTAIN INVESTMENT ALTERNATIVES, EXCLUSION OF CERTAIN INVESTMENT ALTERNATIVES, REQUIRED MINIMUM ALLOCATIONS TO CERTAIN VARIABLE SUB-ACCOUNTS AND/OR THE REQUIRED USE OF AUTOMATIC PORTFOLIO REBALANCING. CURRENTLY, NO SUCH RESTRICTIONS ARE BEING IMPOSED. These death benefit options will terminate and the corresponding Rider Fee will cease on the earliest of the following to occur: .. the date the Contract is terminated; .. if, upon the death of the Contract Owner, the Contract is continued under Option D as described in the Death of Owner section on page 82, and either the oldest New Owner or the oldest Annuitant is older than age 80 (age 80 or older for the Earnings Protection Death Benefit Option) on the date we determine the Death Proceeds. The death benefit option will terminate on the date we determine the Death Proceeds; .. if the Contract is not continued in the Accumulation Phase under either the Death of Owner or Death of Annuitant provisions of the Contract. The death benefit option will terminate on the date we determine the Death Proceeds; .. on the date the Contract Owner (if the current Contract Owner is a living person) is changed for any reason other than death unless the New Contract Owner is a trust and the Annuitant is the current Contract Owner; .. on the date the Contract Owner (if the current Contract Owner is a non-living person) is changed for any reason unless the New Contract Owner is a non-living person or is the current Annuitant; or .. the Payout Start Date. Notwithstanding the preceding, in the event of the Contract Owner's death, if the Contract Owner's spouse elects to continue the Contract (as permitted in the Death of Owner provision below) he or she may terminate the Earnings Protection Death Benefit at that time. DEATH BENEFIT PAYMENTS DEATH OF CONTRACT OWNER If a Contract Owner dies prior to the Payout Start Date, then the surviving Contract Owners will be "NEW CONTRACT OWNERS". If there are no surviving Contract Owners, then subject to any restrictions previously placed upon them, the Beneficiaries will be the New Contract Owners. If there is more than one New Contract Owner taking a share of the Death Proceeds, each New Contract Owner will be treated as a separate and independent Contract Owner of his or her respective share of the Death Proceeds. Each New Contract Owner will exercise all rights related to his or her share of the Death Proceeds, including the sole right to elect one of the Option(s) below, subject to any restrictions previously placed upon the New Contract Owner. Each New Contract Owner may designate a Beneficiary(ies) for his or her respective share, but that designated Beneficiary(ies) will be restricted to the Option chosen by the original New Contract Owner. The Options available to the New Contract Owner will be determined by the applicable following Category in which the New Contract Owner is defined. An Option will be deemed to have been chosen on the day we receive written notification in a form satisfactory to us. NEW CONTRACT OWNER CATEGORIES 81 PROSPECTUS

CATEGORY 1. If your spouse (or Annuitant's spouse in the case of a grantor trust-owned Contract) is the sole New Contract Owner of the entire Contract, your spouse must choose from among the death settlement Options A, B, C, D, or E described below. If he or she does not choose one of these Options, then Option D will apply. CATEGORY 2. If the New Contract Owner is a living person who is not your spouse (or Annuitant's spouse in the case of a grantor trust-owned Contract), or there is more than one New Contract Owner, all of whom are living persons, each New Contract Owner must choose from among the death settlement Options A, B, C, or E described below. If a New Contract Owner does not choose one of these Options, then Option C will apply for that New Contract Owner. CATEGORY 3. If there are one or more New Contract Owner(s) and at least one of the New Contract Owners is a non-living person such as a corporation or a trust, all New Contract Owners are considered to be non-living persons for purposes of the death settlement options. Each New Contract Owner must choose death settlement Option A or C described below. If a New Contract Owner does not choose one of these Options, then Option C will apply for that New Contract Owner. The death settlement options we currently offer are: OPTION A. The New Contract Owner may elect to receive the Death Proceeds in a lump sum. OPTION B. The New Contract Owner may elect to apply the Death Proceeds to one of the Income Plans described above. Such income payments must begin within one year of the date of death and must be payable: .. Over the life of the New Contract Owner; or .. For a guaranteed payment period of at least 5 years (60 months), but not to exceed the life expectancy of the New Contract Owner; or .. Over the life of the New Contract Owner with a guaranteed payment period of at least 5 years (60 months), but not to exceed the life expectancy of the New Contract Owner. OPTION C. The New Contract Owner may elect to receive the Contract Value payable within 5 years of the date of death. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Any excess amount of the Death Proceeds over the Contract Value on that date will be allocated to the Morgan Stanley VIS Money Market - Class Y Sub-Account unless the New Contract Owner provides other allocation instructions. The New Contract Owner may not make any additional purchase payments under this option. Withdrawal charges will be waived for any withdrawals made during the 5-year period after the date of death; however, amounts withdrawn may be subject to Market Value Adjustments. The New Contract Owner may exercise all rights set forth in the Transfers provision. If the New Contract Owner dies before the Contract Value is completely withdrawn, the New Contract Owner's Beneficiary(ies) will receive the greater of the remaining Settlement Value or the remaining Contract Value within 5 years of the date of the original Contract Owner's death. OPTION D. The New Contract Owner may elect to continue the Contract in the Accumulation Phase. If the Contract Owner was also the Annuitant, then the New Contract Owner will be the new Annuitant. This Option may only be exercised once per Contract. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Unless otherwise instructed by the continuing spouse, the excess, if any, of the Death Proceeds over the Contract Value will be allocated to the Sub-Accounts of the Variable Account. This excess will be allocated in proportion to your Contract Value in those Sub-Accounts as of the end of the Valuation Date that we receive the complete request for settlement except that any portion of this excess attributable to the Fixed Account Options will be allocated to the Morgan Stanley VIS Money Market - Class Y Sub-Account. Within 30 days after the date we determine the Death Proceeds, the New Contract Owner may make a one-time transfer of all or a portion of the excess of the Death Proceeds, if any, into any combination of Variable Sub-Accounts, the Standard Fixed Account and the Market Value Adjusted Fixed Account without incurring a transfer fee, provided the investment alternative is available with the Contract at that time. Any such transfer does not count as one of the free transfers allowed each Contract Year and is subject to any minimum allocation amount specified in this Contract. The New Contract Owner may make a single withdrawal of any amount within one year of the date of your death without incurring a Withdrawal Charge; however, the amount withdrawn may be subject to a Market Value Adjustment and a 10% tax penalty if the New Contract Owner is under age 59 1/2. OPTION E. For Nonqualified Contracts, the New Contract Owner may elect to make withdrawals at least annually of amounts equal to the "ANNUAL REQUIRED DISTRIBUTION" calculated for each calendar year. The first such withdrawal must occur within: .. One year of the date of death; .. The same calendar year as the date we receive the first Complete Request for Settlement; and .. One withdrawal frequency. The New Contract Owner must select the withdrawal frequency (monthly, quarterly, semi-annual, or annual). Once this option is elected and frequency of withdrawals 82 PROSPECTUS

is chosen, they cannot be changed by the New Contract Owner and become irrevocable. In the calendar year in which the Death Proceeds are determined, the ANNUAL REQUIRED DISTRIBUTION is equal to the Contract Value on the date of the first distribution divided by the "Life Expectancy" of the New Contract Owner and the result multiplied by a fraction that represents the portion of the calendar year remaining after the date of the first distribution. (The Contract Value, as of the date we receive the Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. The Contract Value on the date of the first distribution may be more or less than the Contract Value as of the date we receive the Complete Request for Settlement.) The Life Expectancy in that calendar year is equal to the life expectancy value from IRS Tables based on the age of the New Contract Owner as of his or her birthday in the same calendar year. In any subsequent calendar year, the Annual Required Distribution is equal to the Contract Value as of December 31 of the prior year divided by the remaining Life Expectancy of the New Contract Owner. In each calendar year after the calendar year in which the first distribution occurred, the Life Expectancy of the New Contract Owner is the Life Expectancy calculated in the previous calendar year minus one (1) year. If the Life Expectancy is less than one (1), the Annual Required Distribution is equal to the Contract Value. If the New Contract Owner dies before the Contract Value is completely withdrawn, the scheduled withdrawals will continue to be paid to the New Contract Owner's Beneficiary(ies). The Contract Value invested in the Variable Sub-Accounts will be subject to investment risk until it is withdrawn. We reserve the right to offer additional death settlement options. DEATH OF ANNUITANT If the Annuitant dies prior to the Payout Start Date, then the surviving Contract Owners will have the Options available to the New Contract Owner, determined by the applicable following category in which the New Contract Owner is defined, unless: .. The Annuitant was also the Contract Owner, in which case the Death of Owner provisions above apply; or .. The Contract Owner is a grantor trust not established by a business, in which case the Beneficiary(ies) will be deemed the New Contract Owners and the Death of Contract Owner provisions above will apply. SURVIVING CONTRACT OWNER CATEGORIES CATEGORY 1. If the Contract Owner is a living person, prior to the Annuitant's death, the Contract Owner must choose from among the death settlement Options A, B, or D described below. If the Contract Owner does not choose one of these Options, then Option D will apply. CATEGORY 2. If the Contract Owner is a non-living person such as a corporation or a trust, the Contract Owner must choose from death settlement Options A or C described below. If the Contract Owner does not choose one of these Options, then Option C will apply. The death settlement options we currently offer are: OPTION A. The Contract Owner may elect to receive the Death Proceeds in a lump sum. OPTION B. The Contract Owner may elect to apply the Death Proceeds to one of the Income Plans described above. Such income payments must begin within one year of the date of death. OPTION C. The Contract Owner may elect to receive the Contract Value payable within 5 years of the date of death. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Any excess amount of the Death Proceeds over the Contract Value on that date will be allocated to the Morgan Stanley VIS Money Market - Class Y Sub-Account unless the Contract Owner provides other allocation instructions. The Contract Owner may not make any additional purchase payments under this option. Withdrawal charges will be waived for any withdrawals made during the 5-year period after the date of death; however, amounts withdrawn may be subject to Market Value Adjustments. The Contract Owner may exercise all rights set forth in the Transfers provision. OPTION D. The Contract Owner may elect to continue the Contract and the youngest Contract Owner will become the new Annuitant. The Contract Value of the continued Contract will not be adjusted to equal the Death Proceeds. We reserve the right to offer additional death settlement options. QUALIFIED CONTRACTS The death settlement options for Qualified Plans, including IRAs, may be different to conform with the individual tax requirements of each type of Qualified Plan. Please refer to your Endorsement for IRAs or 403(b) plans, if applicable, for additional information on your death settlement options. In the case of certain Qualified Plans, the terms of the Qualified Plan Endorsement and the plans may govern the right to benefits, regardless of the terms of the Contract. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION AND DEATH OF CO-ANNUITANT We offer a Spousal Protection Benefit (Co-Annuitant) Option that may be added to your Contract subject to the following conditions: 83 PROSPECTUS

.. The individually owned Contract must be either a traditional, Roth, or Simplified Employee Pension IRA. .. The Contract Owner's spouse must be the sole Primary Beneficiary of the Contract and will be the named Co-Annuitant. .. The Contract Owner must be age 90 or younger on the Rider Application Date; and the Co-Annuitant must be age 79 or younger on the Rider Application Date. .. On or after May 1, 2005, the Option may be added only when we issue the Contract or within 6 months of the Contract Owner's marriage. You may not add the Option to your Contract without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the Option. We may require proof of marriage in a form satisfactory to us. Under the Spousal Protection Benefit Option, the Co-Annuitant will be considered to be an Annuitant under the Contract during the Accumulation Phase except that the "Death of Annuitant" provision does not apply on the death of the Co-Annuitant, and the latest Payout Start Date will be based solely on the Contract Owner's age. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. Once we accept a change, the change will take effect on the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. At any time, there may be only one Co-Annuitant under your Contract. There is an annual Rider Fee of 0.10% of the Contract Value for new Options added on or after January 1, 2005. For Options added prior to this date, there is no charge for this Option. We reserve the right to assess an annual Rider Fee not to exceed 0.15% for Options added in the future. Once this Option is added to your Contract, we guarantee that we will not increase what we charge you for this Option. For Contracts purchased on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option at any time prior to the time you elect to receive it. The option will terminate upon the date termination is accepted by us or will terminate on the earliest of the following occurrences: .. upon the death of the Co-Annuitant (as of the date we determine the Death Proceeds); .. upon the death of the Contract Owner (as of the date we determine the Death Proceeds); .. on the date the Contract is terminated; .. on the Payout Start Date; or .. on the date you change the beneficiary of the Contract and the change is accepted by us; .. for options added on or after January 1, 2005, the Owner may terminate the option upon the divorce of the Owner and the Co-Annuitant by providing written notice and proof of divorce in a form satisfactory to us; .. for options added prior to January 1, 2005, the Owner may terminate this option at anytime by written notice in a form satisfactory to us. Once terminated, a new Spousal Protection Benefit (Co-Annuitant) Option cannot be added to the Contract unless the last Option attached to the Contract was terminated due to divorce or a change of beneficiary. DEATH OF CO-ANNUITANT. If the Co-Annuitant dies prior to the Payout Start Date, subject to the following conditions, the Contract will be continued according to Option D under the "Death of Owner" provision of your Contract: .. The Co-Annuitant must have been your legal spouse on the date of his or her death; and .. Option D of the "Death of Owner" provision of your Contract has not previously been exercised. The Contract may only be continued once under Option D under the "Death of Owner" provision. For a description of Option D, see the "Death of Owner" section of this prospectus. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS AND DEATH OF CO-ANNUITANT We offer a Spousal Protection Benefit (Co-Annuitant) Option for certain Custodial Individual Retirement Accounts established under Code Section 408(a) that may be added to your Contract. CSP may not be available in all states. CSP is subject to the following conditions ("CSP Conditions"): .. The beneficially owned Contract must be a Custodial traditional IRA, Custodial Roth IRA, or a Custodial Simplified Employee Pension IRA. .. The Annuitant must be the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA. .. The Co-Annuitant must be the legal spouse of the Annuitant. Only one Co-Annuitant may be named. .. The Co-Annuitant must be the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. .. The Annuitant must be age 90 or younger on the CSP Application Date. .. The Co-Annuitant must be age 79 or younger on the CSP Application Date. .. On or after May 1, 2005, the CSP may be added only when we issue the Contract or within 6 months of the beneficial owner's marriage. You may not add the CSP to your Contract without our prior approval if your Contract Value is greater than $1,000,000 at the 84 PROSPECTUS

time you choose to add the CSP. We may require proof of marriage in a form satisfactory to us. .. We have made no payments under any Income Plan. .. There is an annual Rider Fee of 0.10% of the Contract Value for new Options added on or after January 1, 2005. For Options added prior to this date, there is no charge for this Option. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. Under CSP, the Co-Annuitant will be considered to be an Annuitant under the Contract during the Accumulation Phase except that: .. The Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date. .. The "Death of Annuitant" provision of the Contract does not apply on the death of the Co-Annuitant. .. The Co-Annuitant is not considered the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. Once we accept a change, the change will take effect on the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. At any time, there may only be one Co-Annuitant under your Contract. For Spousal Protection Benefit (Co-Annuitant) Options for Custodial Individual Retirement Accounts added on or after January 1, 2005, there is an annual Rider Fee of 0.10% of the Contract Value for this Option. For Options added prior to this date, there is no charge for this Option. We reserve the right to assess an annual Rider Fee not to exceed 0.15% for Options added in the future. Once this Option is added to your Contract, we guarantee that we will not increase what we charge you for this Option. For Contracts issued on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts at any time to new Contract Owners and to existing Contract Owners who did not elect the Option prior to the date of discontinuance. The Owner may terminate CSP upon the divorce of the Annuitant and the Co-Annuitant by providing written notice and proof of divorce in a form satisfactory to us. The Owner may also terminate CSP upon a change in the beneficiary of the IRA by providing written notice and proof of the change in a form satisfactory to us. CSP will terminate upon the date termination is accepted by us or on the earliest of the following occurrences: .. On the date CSP is terminated as described above; or .. Upon the death of the Annuitant; or .. Upon the death of the Co-Annuitant; or .. On the date the Contract is terminated; or .. On the Payout Start Date. Once terminated, a new CSP cannot be added to the Contract unless the last option attached to the Contract was terminated due to divorce or change of beneficiary of the IRA. DEATH OF CO-ANNUITANT. This section applies if: .. The CSP Conditions are met. . The Annuitant was, at the time of the Co-Annuitant's death, the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA. . We have received proof satisfactory to us that the Co-Annuitant has died. . The Co-Annuitant was, at the time of the Co-Annuitant's death, the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA, and . the Co-Annuitant was, at the time of the Co-Annuitant's death, the legal spouse of the Annuitant. If this section applies and if the Co-Annuitant dies prior to the Payout Start Date, then, subject to the following conditions, the Contract may be continued according to Option D under the "Death of Owner" provisions under the same terms and conditions that would apply if the Co-Annuitant were the Owner of the Contract before death and the sole new Owner of the Contract were the Annuitant provided that: .. The Co-Annuitant was the legal spouse of the Annuitant on the date of Annuitant's death. .. The Owner does not thereafter name a new Co-Annuitant; and .. The Owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA remains the Custodian; and .. The Contract may only be continued once. 85 PROSPECTUS

MORE INFORMATION - -------------------------------------------------------------------------------- ALLSTATE Allstate Life is the issuer of the Contract. Allstate Life was organized in 1957 as a stock life insurance company under the laws of the State of Illinois. Allstate Life is a wholly owned subsidiary of Allstate Insurance Company, a stock property-liability insurance company organized under the laws of the State of Illinois. All of the capital stock issued and outstanding of Allstate Insurance Company is owned by The Allstate Corporation. Allstate Life is licensed to operate in the District of Columbia, Puerto Rico, and all jurisdictions except the State of New York. We intend to offer the Contract in those jurisdictions in which we are licensed. Our home office is located at 3100 Sanders Road, Northbrook, Illinois, 60062. On March 8, 2006, Allstate Life announced that it had entered into an agreement ("the Agreement") with Prudential Financial, Inc. and its subsidiary, The Prudential Insurance Company of America ("PICA") pursuant to which Allstate Life will sell, pursuant to a combination of coinsurance and modified coinsurance reinsurance, substantially all of its variable annuity business. The Agreement also provides that Allstate Life and PICA will enter into an administrative services agreement pursuant to which PICA or an affiliate will administer the Variable Account and the Contracts after a transition period that may last up to two years. The benefits and provisions of the Contracts will not be changed by these transactions and agreements. None of the transactions or agreements will change the fact that we are primarily liable to you under your Contract. The transaction is subject to regulatory approvals, and it is expected that it will be completed by the end of the second quarter of 2006. VARIABLE ACCOUNT Allstate Life established the Allstate Financial Advisors Separate Account I in 1999. We have registered the Variable Account with the SEC as a unit investment trust. The SEC does not supervise the management of the Variable Account or Allstate Life. We own the assets of the Variable Account. The Variable Account is a segregated asset account under Illinois law. That means we account for the Variable Account's income, gains and losses separately from the results of our other operations. It also means that only the assets of the Variable Account that are in excess of the reserves and other Contract liabilities with respect to the Variable Account are subject to liabilities relating to our other operations. Our obligations arising under the Contracts are general corporate obligations of Allstate Life. The Variable Account consists of multiple Variable Sub-Accounts, each of which invests in a corresponding Portfolio. We may add new Variable Sub-Accounts or eliminate one or more of them, if we believe marketing, tax, or investment conditions so warrant. We do not guarantee the investment performance of the Variable Account, its Sub-Accounts or the Portfolios. We may use the Variable Account to fund our other annuity contracts. We will account separately for each type of annuity contract funded by the Variable Account. THE PORTFOLIOS DIVIDENDS AND CAPITAL GAIN DISTRIBUTIONS. We automatically reinvest all dividends and capital gains distributions from the Portfolios in shares of the distributing Portfolios at their net asset value. VOTING PRIVILEGES. As a general matter, you do not have a direct right to vote the shares of the Portfolios held by the Variable Sub-Accounts to which you have allocated your Contract Value. Under current law, however, you are entitled to give us instructions on how to vote those shares on certain matters. Based on our present view of the law, we will vote the shares of the Portfolios that we hold directly or indirectly through the Variable Account in accordance with instructions that we receive from Contract Owners entitled to give such instructions. As a general rule, before the Payout Start Date, the Contract Owner or anyone with a voting interest is the person entitled to give voting instructions. The number of shares that a person has a right to instruct will be determined by dividing the Contract Value allocated to the applicable Variable Sub-Account by the net asset value per share of the corresponding Portfolio as of the record date of the meeting. After the Payout Start Date the person receiving income payments has the voting interest. The payee's number of votes will be determined by dividing the reserve for such Contract allocated to the applicable Sub-Account by the net asset value per share of the corresponding Portfolio. The votes decrease as income payments are made and as the reserves for the Contract decrease. We will vote shares attributable to Contracts for which we have not received instructions, as well as shares attributable to us, in the same proportion as we vote shares for which we have received instructions, unless we determine that we may vote such shares in our own discretion. We will apply voting instructions to abstain on any item to be voted upon on a pro-rata basis to reduce the votes eligible to be cast. We reserve the right to vote Portfolio shares as we see fit without regard to voting instructions to the extent permitted by law. If we disregard voting instructions, we will include a summary of that action and our reasons for that action in the next semi-annual financial report we send to you. 86 PROSPECTUS

CHANGES IN PORTFOLIOS. If the shares of any of the Portfolios are no longer available for investment by the Variable Account or if, in our judgment, further investment in such shares is no longer desirable in view of the purposes of the Contract, we may eliminate that Portfolio and substitute shares of another eligible investment fund. Any substitution of securities will comply with the requirements of the Investment Company Act of 1940. We also may add new Variable Sub-Accounts that invest in additional underlying funds. We will notify you in advance of any change. CONFLICTS OF INTEREST. Certain of the Portfolios sell their shares to separate accounts underlying both variable life insurance and variable annuity contracts. It is conceivable that in the future it may be unfavorable for variable life insurance separate accounts and variable annuity separate accounts to invest in the same Portfolio. The board of directors/trustees of these Portfolios monitors for possible conflicts among separate accounts buying shares of the Portfolios. Conflicts could develop for a variety of reasons. For example, differences in treatment under tax and other laws or the failure by a separate account to comply with such laws could cause a conflict. To eliminate a conflict, the Portfolio's board of directors/trustees may require a separate account to withdraw its participation in a Portfolio. A Portfolio's net asset value could decrease if it had to sell investment securities to pay redemption proceeds to a separate account withdrawing because of a conflict. THE CONTRACT DISTRIBUTION. The Contracts are distributed exclusively by their principal underwriter, Morgan Stanley DW Inc. ("Morgan Stanley DW"). Morgan Stanley DW, a wholly owned subsidiary of Morgan Stanley, is located at 1585 Broadway, New York, New York 10036. Morgan Stanley DW is a registered broker-dealer under the Securities Exchange Act of 1934, as amended, and is a member of the New York Stock Exchange and the NASD. Contracts are sold through the registered representatives of Morgan Stanley DW Inc. These registered representatives are also licensed as insurance agents by applicable state insurance authorities and appointed as agents of Allstate Life in order to sell the Contracts. We will pay commissions to Morgan Stanley DW for selling the Contracts. We may pay to Morgan Stanley DW up to a maximum sales commission of 6.0% of purchase payments. In addition, we may pay ongoing annual compensation of up to 1.40% of Contract value. To compensate Morgan Stanley for the costs of distribution, insurance licensing, due diligence and other home office services, we pay Morgan Stanley an additional percentage of purchase payments not exceeding 0.80% and a percentage of Contract Value not exceeding 0.20%. Commissions and annual compensation, when combined, could exceed 8.5% of total premium payments. Individual representatives receive a portion of compensation paid to Morgan Stanley DW in accordance with Morgan Stanley DW's practices. We also make additional payments to Morgan Stanley DW for promotional marketing and educational expenses and to reimburse certain expenses of registered representatives relating to sales of Contracts. For more information on the exact compensation arrangement associated with this Contract, please consult your registered representative. In addition, Morgan Stanley DW may pay annually to its representatives, from its profits, a persistency bonus that will take into account, among other things, the length of time purchase payments have been held under the Contract and Contract Value. ADMINISTRATION. We have primary responsibility for all administration of the Contracts and the Variable Account. Pursuant to the Agreement, we will enter into an administrative services agreement with PICA whereby, after a transition period that may last up to two years, PICA or an affiliate will provide administrative services to the Variable Account and the Contracts on our behalf. We provide the following administrative services, among others: .. issuance of the Contracts; .. maintenance of Contract Owner records; .. Contract Owner services; .. calculation of unit values; .. maintenance of the Variable Account; and .. preparation of Contract Owner reports. We will send you Contract statements at least annually. We will also send you transaction confirmations. You should notify us promptly in writing of any address change. You should read your statements and confirmations carefully and verify their accuracy. You should contact us promptly if you have a question about a periodic statement or a confirmation. We will investigate all complaints and make any necessary adjustments retroactively, but you must notify us of a potential error within a reasonable time after the date of the questioned statement. If you wait too long, we will make the adjustment as of the date that we receive notice of the potential error. We will also provide you with additional periodic and other reports, information and prospectuses as may be required by federal securities laws. ANNUITIES HELD WITHIN A QUALIFIED PLAN If you use the Contract within an employer sponsored qualified retirement plan, the plan may impose different or additional conditions or limitations on withdrawals, waivers of withdrawal charges, death benefits, Payout Start Dates, income payments, and other Contract features. In addition, adverse tax consequences 87 PROSPECTUS

may result if Qualified Plan limits on distributions and other conditions are not met. Please consult your Qualified Plan administrator for more information. Allstate Life no longer issues deferred annuities to employer sponsored qualified retirement plans. LEGAL MATTERS LeBoeuf, Lamb, Greene & MacRae, L.L.P., Washington, D.C., has advised Allstate Life on certain federal securities law matters. All matters of Illinois law pertaining to the Contracts, including the validity of the Contracts and Allstate Life's right to issue such Contracts under Illinois insurance law, have been passed upon by Michael J. Velotta, General Counsel of Allstate Life. 88 PROSPECTUS

ANNUAL REPORTS AND OTHER DOCUMENTS - -------------------------------------------------------------------------------- Allstate Life's Annual Report on Form 10-K for the year ended December 31, 2005, is incorporated herein by reference, which means that it is legally a part of this prospectus. After the date of this prospectus and before we terminate the offering of the securities under this prospectus, all documents or reports we file with the SEC under the Securities Exchange Act of 1934 are also incorporated herein by reference, which means that they also legally become a part of this prospectus. Statements in this prospectus, or in documents that we file later with the SEC and that legally become a part of this prospectus, may change or supersede statements in other documents that are legally part of this prospectus. Accordingly, only the statement that is changed or replaced will legally be a part of this prospectus. We file our Exchange Act documents and reports, including our annual and quarterly reports on Form 10-K and Form 10-Q electronically on the SEC's "EDGAR" system using the identifying number CIK No. 0000352736. The SEC maintains a Web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC. The address of the site is http://www.sec.gov. You also can view these materials at the SEC's Public Reference Room at 100 F Street NE, Room 1580, Washington, DC 20549-2001. For more information on the operations of SEC's Public Reference Room, call 1-800-SEC-0330. If you have received a copy of this prospectus, and would like a free copy of any document incorporated herein by reference (other than exhibits not specifically incorporated by reference into the text of such documents), please write or call us at P.O. Box 80469, Lincoln, NE 68501-0469 or 1-800-654-2397. 96 PROSPECTUS

STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- ADDITIONS, DELETIONS, OR SUBSTITUTIONS OF INVESTMENTS - -------------------------------------------------------------------------------- THE CONTRACTS - -------------------------------------------------------------------------------- Agreement with Prudential Insurance Company of America - -------------------------------------------------------------------------------- Purchase of Contracts - -------------------------------------------------------------------------------- Tax-Free Exchange (1035 Exchanges, Rollovers and Transfers) - -------------------------------------------------------------------------------- CALCULATION OF ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- Net Investment Factor - -------------------------------------------------------------------------------- CALCULATION OF VARIABLE INCOME PAYMENTS - -------------------------------------------------------------------------------- CALCULATION OF ANNUITY UNIT VALUES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- GENERAL MATTERS - -------------------------------------------------------------------------------- Incontestability - -------------------------------------------------------------------------------- Settlements - -------------------------------------------------------------------------------- Safekeeping of the Variable Account's Assets - -------------------------------------------------------------------------------- Premium Taxes - -------------------------------------------------------------------------------- Tax Reserves - -------------------------------------------------------------------------------- EXPERTS - -------------------------------------------------------------------------------- FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- APPENDIX A-ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFERING IN ANY JURISDICTION IN WHICH SUCH OFFERING MAY NOT LAWFULLY BE MADE. WE DO NOT AUTHORIZE ANYONE TO PROVIDE ANY INFORMATION OR REPRESENTATIONS REGARDING THE OFFERING DESCRIBED IN THIS PROSPECTUS OTHER THAN AS CONTAINED IN THIS PROSPECTUS. 97 PROSPECTUS

APPENDIX A CONTRACT COMPARISON CHART FEATURE ALLSTATE VARIABLE ALLSTATE VARIABLE ANNUITY - L ANNUITY SHARE - --------------------------------------------------------------------------------- DCA Fixed Account 3 to 6 month transfer Option periods 3 to 6 month transfer periods 7 to 12 month transfer 7 to 12 month transfer periods periods ---------------------------------------------------------- Standard Fixed Account 1-, 3-*, 5-*, and 7-* N/A Option year guarantee periods - ----------------------------------------------------------------------------------- MVA Fixed Account 3-, 5-, 7-, and 10- 3-, 5-, 7-, and 10- year guarantee Option** year guarantee periods periods - ----------------------------------------------------------------------------------- Mortality and Expense Risk Charge 1.10% 1.50% (Base Contract) - ----------------------------------------------------------------------------------- Withdrawal Charge 7/ 7/ 6/ 5/ 4/ 3/ 2 7/ 6/ 5 (% of purchase payment) - ----------------------------------------------------------------------------------- Withdrawal Charge Confinement, Terminal Confinement, Terminal Waivers Illness, Unemployment Illness, Unemployment - ----------------------------------------------------------------------------------- The Fixed Account Options available depend on the type of Contract you have purchased and the state in which your Contract was issued. The table summarizes the availability of the Fixed Account Options in general. Please check with your Morgan Stanley Financial Advisor for specific details for your state. * Available only in states in which the MVA Fixed Account Option is not offered. ** Not available in states in which the 3-, 5-, or 7-year Standard Fixed Account Options are offered. 98 PROSPECTUS

APPENDIX B - MARKET VALUE ADJUSTMENT - -------------------------------------------------------------------------------- The Market Value Adjustment is based on the following: I = the Treasury Rate for a maturity equal to the term length of the Guarantee Period Account for the week preceding the establishment of the Market Value Adjusted Fixed Guarantee Period Account; J = the Treasury Rate for a maturity equal to the term length of the Market Value Adjusted Fixed Guarantee Period Account for the week preceding the date amounts are transferred or withdrawn from the Market Value Adjusted Fixed Guarantee Period Account, the date we determine the Death Proceeds, or the Payout Start Date, as the case may be ("Market Value Adjustment Date"). N = the number of whole and partial years from the Market Value Adjustment Date to the expiration of the term length of the Market Value Adjusted Fixed Guarantee Period Account. Treasury Rate means the U.S. Treasury Note Constant Maturity yield as reported in Federal Reserve Board Statistical Release H.15. If such yields cease to be available in Federal Reserve Board Statistical Release H.15, then we will use an alternate source for such information in our discretion. The Market Value Adjustment factor is determined from the following formula: .9 X [I-(J + .0025)] X N To determine the Market Value Adjustment, we will multiply the Market Value Adjustment factor by the amount transferred, withdrawn, paid as Death Proceeds, or applied to an Income Plan from a Market Value Adjusted Fixed Guarantee Period Account at any time other than during the 30 day period after such Guarantee Period Account expires. NOTE: These examples assume that premium taxes are not applicable. EXAMPLES OF MARKET VALUE ADJUSTMENT $10,000 allocated to a Market Value Adjusted Fixed Guarantee Purchase Payment: Period Account Guarantee Period: 5 years Interest Rate: 4.50% Full Withdrawal: End of Contract Year 3 Contract: Allstate Variable Annuity* EXAMPLE 1: (ASSUMES DECLINING INTEREST RATES) Step 1: Calculate Contract Value at = $10,000.00 X (1.045) /3/ = $11,411.66 End of Contract Year 3: Step 2: Calculate the Free = .15 X $10,000 = $1500 Withdrawal Amount: Step 3: Calculate the Withdrawal = .06 X ($10,000 - $1,500) = $510 Charge: Step 4: Calculate the Market Value I = 4.50% Adjustment: J = 4.20% 730 DAYS N = -------- = 2 365 DAYS Market Value Adjustment Factor: .9 X [I - (J + .0025)] X N = .9 X [.045 - (.042 + .0025)] X 2 = .0009 Market Value Adjustment = Market Value Adjustment Factor X Amount Subject To Market Value Adjustment: = .0009 X $11,411.66 = $10.27 Step 5: Calculate the amount = $11,411.66 - $510 + $10.27 = $10,911.93 received by Contract owner as a result of full withdrawal at the end of Contract Year 3: EXAMPLE 2: (ASSUMES RISING INTEREST RATES) Step 1: Calculate Contract Value at End of Contract Year 3: = $10,000.00 X (1.045) /3/ = $11,411.66 Step 2: Calculate The Free Withdrawal Amount: = .15 X $10,000 = $1,500 Step 3: Calculate the Withdrawal Charge: = 0.06 X ($10,000 - $1,500) = $510 Step 4: Calculate the Market Value Adjustment: I = 4.50% J = 4.80% 730 DAYS N = ----------- = 2 365 DAYS Market Value Adjustment Factor: .9 X [I - (J + .0025)] X N = .9 X [(.045 - (.048 + .0025)] X (2) = -.0099 Market Value Adjustment = Market Value Adjustment Factor X Amount Subject To Market Value Adjustment: = -.0099 X $11,411.66 = -$112.98 Step 5: Calculate the amount received by Contract owner as a = $11,411.66 - $510 - $112.98 = $10,788.68 result of full withdrawal at the end of Contract Year 3: 99 PROSPECTUS

*These examples assume the election of the ALLSTATE VARIABLE ANNUITY CONTRACT for the purpose of illustrating the Market Value Adjustment calculation. The amounts would be different under the ALLSTATE VARIABLE ANNUITY - L SHARE CONTRACT, which has different expenses and withdrawal charges. 100 PROSPECTUS

APPENDIX C EXAMPLE OF CALCULATION OF INCOME PROTECTION BENEFIT - -------------------------------------------------------------------------------- Appendix C illustrates how we calculate the amount guaranteed under the Income Protection Benefit Option. Please remember that you are looking at an example only. Please also remember that the Income Protection Benefit Option may only be added to Income Plans 1 and/or 2, and only to those Income Plans for which you have selected variable income payments. To illustrate the calculation of the amount guaranteed under the Income Protection Benefit Option, we assume the following: Adjusted age of Annuitant on the Payout Start 65 Date: - ------------------------------------------------------------------------------- Sex of Annuitant: male - ------------------------------------------------------------------------------- Income Plan selected: 1 - ------------------------------------------------------------------------------- Payment frequency: monthly - ------------------------------------------------------------------------------- Amount applied to variable income payments $100,000.00 under the Income Plan: - ------------------------------------------------------------------------------- The example assumes that the withdrawal charge period has expired for all purchase payments. In accordance with the terms of the Contract, the following additional assumptions apply: Assumed investment rate: 3% - ------------------------------------------------------------------------------- Guaranteed minimum variable income 85% of the initial variable amount income payment: value - ------------------------------------------------------------------------------- STEP 1 - CALCULATION OF THE INITIAL VARIABLE AMOUNT INCOME VALUE: Using the assumptions stated above, the initial monthly income payment is $5.49 per $1,000 applied to variable income payments under Income Plan 1. Therefore, the initial variable amount income value = $100,000 X $5.49/1000 = $549.00. STEP 2 - CALCULATION OF THE AMOUNT GUARANTEED UNDER THE INCOME PROTECTION BENEFIT OPTION: guaranteed minimum variable income payment = 85% X initial variable amount income value = 85% X $549.00 = $466.65. STEP 3 - ILLUSTRATION OF THE EFFECT OF THE MINIMUM PAYMENT GUARANTEE UNDER THE INCOME PROTECTION BENEFIT OPTION: If in any month your variable income payments would fall below the amount guaranteed under the Income Protection Benefit Option, your payment for that month will equal the guaranteed minimum variable income payment. For example, you would receive $466.65 even if the amount of your monthly income payment would have been less than that as a result of declining investment experience. On the other hand, if your monthly income payment is greater than the minimum guaranteed $466.65, you would receive the greater amount. 101 PROSPECTUS

APPENDIX D WITHDRAWAL ADJUSTMENT EXAMPLE - INCOME BENEFITS* - -------------------------------------------------------------------------------- Issue Date: January 1, 2003 Initial Purchase Payment: $50,000. Income Benefit Amount Contract Type Beginning Value Maximum 5% of Contract Transaction After Anniversary Roll-Up Date Occurrence Value Amount Occurrence Value Value** - ------------------------------------------------------------------------------------------------------------------------------------ 1/1/04 Contract Anniversary $55,000 _ $55,000 $55,000 $52,500 - ------------------------------------------------------------------------------------------------------------------------------------ 7/1/04 Partial Withdrawal $60,000 $15,000 $45,000 $41,250 $40,176 - ------------------------------------------------------------------------------------------------------------------------------------ The following shows how we compute the adjusted income benefits in the example above. Please note that the withdrawal adjustment reduces the Maximum Anniversary Value by the same proportion as the withdrawal reduces the Contract Value. The withdrawal adjustment reduces the 5% Roll-Up Value part dollar-for-dollar and part proportionally. - ------------------------------------------------------------------------------- MAXIMUM ANNIVERSARY VALUE INCOME BENEFIT - ------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial (b) $60,000 Withdrawal - ------------------------------------------------------------------------------- Value of Income Benefit Amount Immediately Prior (c) $55,000 to Partial Withdrawal - ------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,750 - ------------------------------------------------------------------------------- Adjusted Income Benefit $41,250 - ------------------------------------------------------------------------------- 5 % ROLL-UP VALUE INCOME BENEFIT** - ------------------------------------------------------------------------------- Total Partial Withdrawal Amount (a) $15,000 - ------------------------------------------------------------------------------- STEP I - DOLLAR FOR DOLLAR PORTION - ------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial (b) $60,000 Withdrawal - ------------------------------------------------------------------------------- Value of Income Benefit Amount Immediately Prior to Partial Withdrawal (assumes 181 days worth of (c) $53,786 interest on $52,500 and $54,600, respectively) - ------------------------------------------------------------------------------- Partial Withdrawal Amount (Corridor = 5% of (d) $ 2,625 Roll-Up Value on 1/1/04) - ------------------------------------------------------------------------------- Dollar for Dollar Withdrawal Adjustment (e)=(d)*1.05^-0.5 $ 2,562 (discounted for a half year's worth of interest) - ------------------------------------------------------------------------------- Contract Value After Step 1 (b')=(b)-(d) $57,375 - ------------------------------------------------------------------------------- Adjusted Income Benefit After Step 1 (c')=(c)-(e) $51,224 - ------------------------------------------------------------------------------- STEP 2 - PROPORTIONAL PORTION - ------------------------------------------------------------------------------- Partial Withdrawal Amount (a')=(a)-(d) $12,375 - ------------------------------------------------------------------------------- Proportional Adjustment (a')/(b')*(c') $11,048 - ------------------------------------------------------------------------------- Contract Value After Step 2 (b')-(a') $45,000 - ------------------------------------------------------------------------------- Adjusted Income Benefit After Step 2 $40,176 - ------------------------------------------------------------------------------- * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values and Maximum Anniversary Value for all Contracts, net of applicable fees and charges. Actual income benefit amounts will differ due to the different fees and charges under each Contract. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. ** In certain states, the Roll-Up Value Income Benefit accumulates interest on a daily basis at a rate equivalent to 3% per year rather than 5%. If calculations assumed an interest rate of 3% per year, the adjusted income benefit would be lower. 102 PROSPECTUS

APPENDIX E WITHDRAWAL ADJUSTMENT EXAMPLE - DEATH BENEFITS* - -------------------------------------------------------------------------------- Issue Date: January 1, 2006 Initial Purchase Payment: $50,000 Death Benefit Amount ---------------------------------------- Beginning Contract Maximum Type of Contract Transaction Value After Purchase Anniversary Enhanced Date Occurrence Value Amount Occurrence Payment Value Value Beneficiary - ------------------------------------------------------------------------------------------------------------------------ Value** ------------ 1/1/2007 Contract Anniversary $55,000 _ $55,000 $50,000 $55,000 $52,500 - ------------------------------------------------------------------------------------------------------------------------------------ 7/1/2007 Partial Withdrawal $60,000 $15,000 $45,000 $37,500 $41,250 $40,339 - ------------------------------------------------------------------------------------------------------------------------------------ The following shows how we compute the adjusted death benefits in the example above. Please note that the withdrawal reduces the Purchase Payment Value, the Maximum Anniversary Value, and the Enhanced Beneficiary Value by the same proportion as the withdrawal reduces the Contract Value. - ----------------------------------------------------------------------------------- PURCHASE PAYMENT VALUE DEATH BENEFIT - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Death Benefit Amount Immediately Prior to (c) $50,000 Partial Withdrawal - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $12,500 - ----------------------------------------------------------------------------------- Adjusted Death Benefit $37,500 - ----------------------------------------------------------------------------------- MAV DEATH BENEFIT - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Death Benefit Amount Immediately Prior to (c) $55,000 Partial Withdrawal - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,750 - ----------------------------------------------------------------------------------- Adjusted Death Benefit $41,250 - ----------------------------------------------------------------------------------- ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) BENEFIT** - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Death Benefit Amount Immediately Prior to Partial Withdrawal (assumes 181 days worth of interest (c) $53,786 on $52,500 and $54,600, respectively) - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,446 - ----------------------------------------------------------------------------------- Adjusted Death Benefit $40,339 - ----------------------------------------------------------------------------------- * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values and Maximum Anniversary Value for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. ** Calculations for the Enhanced Beneficiary Protection (Annual Increase) Benefit assumed that interest accumulates on a daily basis at a rate equivalent to 5% per year. In certain states, the benefit provides for interest that accumulates at a rate of 3% per year. If calculations assumed an interest rate of 3% per year, the adjusted death benefit would be lower. 103 PROSPECTUS

APPENDIX F CALCULATION OF EARNINGS PROTECTION DEATH BENEFIT* - -------------------------------------------------------------------------------- The following are examples of the Earnings Protection Death Benefit Option. For illustrative purposes, the examples assume Earnings in each case. Please remember that you are looking at examples and that your investment performance may be greater or lower than the figures shown. EXAMPLE 1: ELECTED WHEN CONTRACT WAS ISSUED WITHOUT ANY SUBSEQUENT ADDITIONS OR WITHDRAWALS In this example, assume that the oldest Contract Owner is age 55 on the Rider Application Date and elects the Earnings Protection Death Benefit Option when the Contract is issued. The Contract Owner makes an initial purchase payment of $100,000. After four years, the Contract Owner dies. On the date Allstate Life receives a Complete Request for Settlement, the Contract Value is $125,000. Prior to his death, the Contract Owner did not make any additional purchase payments or take any withdrawals. Excess of Earnings Withdrawals = $0 Purchase Payments in the 12 months prior to = $0 death In-Force Premium = $100,000 ($100,000 + $0 - $0) In-Force Earnings = $25,000 ($125,000 - $100,000) EARNINGS PROTECTION DEATH BENEFIT** = 40 % * $25,000 = $10,000 Since 40% of In-Force Earnings is less than 100% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($6,250.00). EXAMPLE 2: ELECTED WHEN CONTRACT WAS ISSUED WITH SUBSEQUENT WITHDRAWALS In this example, assume the same facts as above, except that the Contract Owner has taken a withdrawal of $10,000 during the second year of the Contract. Immediately prior to the withdrawal, the Contract Value is $105,000. Here, $5,000 of the withdrawal is in excess of the In-Force Earnings at the time of the withdrawal. The Contract Value on the date Allstate Life receives a Complete Request for Settlement will be assumed to be $114,000. Excess of Earnings Withdrawals = $5,000 ($10,000-$5,000) Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $95,000 ($100,000+$0-$5,000) In-Force Earnings = $19,000 ($114,000-$95,000) EARNINGS PROTECTION DEATH BENEFIT** = 40%*$19,000=$7,600 Since 40% of In-Force Earnings is less than 100% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($4,750.00). 104 PROSPECTUS

EXAMPLE 3: ELECTED AFTER CONTRACT WAS ISSUED WITH SUBSEQUENT ADDITIONS AND WITHDRAWALS This example is intended to illustrate the effect of adding the Earnings Protection Death Benefit Option after the Contract has been issued and the effect of later purchase payments. In this example, assume that the oldest Contract Owner is age 72 on the Rider Application Date. At the time the Contract is issued, the Contract Owner makes a purchase payment of $100,000. After two years pass, the Contract Owner elects to add the Earnings Protection Death Benefit Option. On the date this Rider is added, the Contract Value is $110,000. Two years later, the Contract Owner withdraws $50,000. Immediately prior to the withdrawal, the Contract Value is $130,000. Another two years later, the Contract Owner makes an additional purchase payment of $40,000. Immediately after the additional purchase payment, the Contract Value is $130,000. Two years later, the Contract Owner dies with a Contract Value of $140,000 on the date Allstate Life receives a Complete Request for Settlement. Excess of Earnings Withdrawals = $30,000 ($50,000-$20,000) Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $120,000 ($110,000+$40,000-$30,000) In-Force Earnings = $20,000 ($140,000-$120,000) EARNINGS PROTECTION DEATH BENEFIT** = 25%*$20,000=$5,000 In this example, In-Force Premium is equal to the Contract Value on Rider Application Date plus the additional purchase payment and minus the Excess-of-Earnings Withdrawal. Since 25% of In-Force Earnings is less than 50% of the In-Force Premium (excluding purchase payments in the 12 months prior to death ), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been age 70 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 40% of the In-Force Earnings ($8,000.00). EXAMPLE 4: SPOUSAL CONTINUATION This example is intended to illustrate the effect of a surviving spouse electing to continue the Contract upon the death of the Contract Owner on a Contract with the Earnings Protection Death Benefit Option. In this example, assume that the oldest Contract Owner is age 60 at the time the Contract is purchased (with the Earnings Protection Death Benefit Option and MAV Death Benefit Option) with a $100,000 purchase payment. Five years later the Contract Owner dies and the surviving spouse elects to continue the Contract. The Contract Value and Maximum Anniversary Value at this time are $150,000 and $160,000, respectively. Excess of Earnings Withdrawals = $0 Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $100,000 ($100,000+$0-$0) In-Force Earnings = $50,000 ($150,000-$100,000) Earnings Protection Death Benefit** = 40%*$50,000=$20,000 Contract Value = $150,000 Death Benefit = $160,000 Earnings Protection Death Benefit = $20,000 Continuing Contract Value = $180,000 ($160,000+$20,000) Since 40% of In-Force Earnings is less than 100% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. Assume the surviving spouse is age 72 when the Contract is continued. At this time, the surviving spouse has the option to continue the Earnings Protection Death Benefit Option at an additional mortality and expense risk charge of 0.40% and with an In-Force Premium amount equal to the Contract Value and the Rider Date reset to the date the Contract is continued. If this selection is made, the Earnings Protection Death Benefit will be equal to the lesser of 25% of the In-- 105 PROSPECTUS

Force Earnings and 50% of In-Force Premium. Otherwise, the surviving spouse may elect to terminate the Earnings Protection Death Benefit Option at the time of continuation. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values and Maximum Anniversary Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been over age 70 , and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($12,500.00). 106 PROSPECTUS

APPENDIX G WITHDRAWAL ADJUSTMENT EXAMPLE - TRUERETURN ACCUMULATION BENEFIT* - -------------------------------------------------------------------------------- ISSUE DATE: January 2, 2006 INITIAL PURCHASE PAYMENT: $50,000 INITIAL BENEFIT BASE: $50,000 Beginning Contract Type of Contract Transaction Value After Date Occurrence Value Amount Occurrence Benefit Base - -------------------------------------------------------------------------------------------------------- 1/2/2007 Contract Anniversary $55,000 _ $55,000 $50,000 - -------------------------------------------------------------------------------------------------------- 7/2/2007 Partial Withdrawal $60,000 $15,000 $45,000 $37,500 - -------------------------------------------------------------------------------------------------------- The following shows how we compute the adjusted Benefit Bases in the example above. Please note the withdrawal reduces the Benefit Bases by the same proportion as the withdrawal reduces the Contract Value. - ----------------------------------------------------------------------------------- BENEFIT BASE - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Benefit Base Amount Immediately Prior to (c) $50,000 Partial Withdrawal - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $12,500 - ----------------------------------------------------------------------------------- Adjusted Benefit Base $37,500 - ----------------------------------------------------------------------------------- * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values, net of applicable fees and charges for all Contracts. Actual Contract Values will differ due to the different fees and charges under each Contract. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. 107 PROSPECTUS

APPENDIX H - SUREINCOME WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Variable Annuity contract with a - ---------- $100,000 initial purchase payment and add the SureIncome Option at issue. Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $8,000, which is 8% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $8,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $11,200, which is your prior Benefit Payment ($8,000) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $11,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($8,000) plus 8% of your additional purchase payment ($40,000). Example 3: Assume Example 1 is continued and a withdrawal of $8,000 is made - ---------- during the first Benefit Year. The Benefit Base is reduced to $92,000, which is your prior Benefit Base ($100,000) less your withdrawal ($8,000). The Benefit Payment is unchanged and remains $8,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($8,000) less your withdrawal ($8,000). Example 4: Assume example 1 is continued and a withdrawal of $25,000 is made - ---------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment remains $8,000, determined by the following calculation: the lesser of ($8,000) and (8% x ($130,000-$25,000))=$8,000. There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Example 5: Assume example 3 is continued and an additional withdrawal of $5,000 - ---------- is taken in the same year (the first Benefit Year). Assume the Contract Value prior to the additional withdrawal was $60,000. Because the $5,000 withdrawal is larger than the Benefit Payment Remaining ($0), the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($92,000 - $5,000)=$55,000. The Benefit Payment is reduced to $4,400, determined by the following formula: the lesser of ($8,000) and ((8% x ($60,000-$5,000))=$4,400. The Benefit Payment Remaining is unchanged at $0. Example 6: Assume example 5 is continued and an additional Purchase Payment of - ---------- 40,000 is made in the same year (the first Benefit Year). The Benefit Base is increased to $95,000, which is your prior Benefit Base ($55,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $7,600, which is your prior Benefit Payment ($4,400) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $3,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($0) plus 8% of your additional purchase payment ($40,000). 108 PROSPECTUS

Example 7: Assume example 6 is continued and an additional withdrawal of $3,200 - ---------- is taken in the same year (the first Benefit Year). The Benefit Base is reduced to $91,800, which is your prior Benefit Base ($95,000) less your withdrawal ($3,200). The Benefit Payment is unchanged and remains $7,600. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($3,200) less your withdrawal ($3,200). 109 PROSPECTUS

APPENDIX I- SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Variable Annuity contract with a - ---------- $100,000 initial purchase payment and add the SureIncome Plus Option at issue. Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your SureIncome ROP Death Benefit is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $8,000, which is 8% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $8,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $140,000, which is your prior SureIncome ROP Death Benefit ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $11,200, which is your prior Benefit Payment ($8,000) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $11,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($8,000) plus 8% of your additional purchase payment ($40,000). Example 3: Assume Example 1 is continued and a withdrawal of $8,000 is made - ---------- during the first Benefit Year. The Benefit Base is reduced to $92,000, which is your prior Benefit Base ($100,000) less your withdrawal ($8,000). The SureIncome ROP Death Benefit is reduced to $92,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($8,000). The Benefit Payment is unchanged and remains $8,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($8,000) less your withdrawal ($8,000). Example 4: Assume Example 1 is continued and a withdrawal of $25,000 is made - ---------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment remains $8,000, determined by the following calculation: the lesser of ($8,000) and (8% X ($130,000-$25,000))=$8,000 There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. 110 PROSPECTUS

APPENDIX J - SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Variable Annuity contract with - ---------- $100,000 initial purchase payment, are attained age 55 at issue, and add the SureIncome For Life Option at issue (you are the SureIncome Covered Life). Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your SureIncome ROP Death Benefit is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $4,000, which is 4% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $4,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Note: The Benefit Payment remains $4,000 until you turn age 60 (as long as the Contract Value on any of the prior Contract Anniversaries have not caused any of the guarantees under the Option to be updated). At that point, if no withdrawals have been taken, your Benefit Payment & Benefit Payment Remaining are updated to 5% x current Benefit Base ($5,000 = 5% x $100,000, assuming your Benefit Base is still $100,000). Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $140,000, which is your prior SureIncome ROP Death Benefit ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $5,600, which is your prior Benefit Payment ($4,000) plus 4% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $5,600, which is your prior Benefit Payment Remaining ($4,000) plus 4% of your additional purchase payment ($40,000). Note: The Benefit Payment remains $5,600 until you turn age 60 (for the purposes of this example it is assumed the maximum anniversary value on any of the prior Contract Anniversaries has not increased the Benefit Payment). At that point, if no withdrawals have been taken, your Benefit Payment & Benefit Payment Remaining are updated to 5% x current Benefit Base ($7,000 = 5% x $140,000, assuming your Benefit Base is still $140,000). Example 3a: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $4,000, is made during the first Benefit Year. The Benefit Base is reduced to $96,000, which is your prior Benefit Base ($100,000) less your withdrawal ($4,000). The SureIncome ROP Death Benefit is reduced to $96,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($4,000). The Benefit Payment is unchanged and remains $4,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($4,000) less your withdrawal ($4,000). Note: The Withdrawal Benefit Factor is locked at 4% because the age at first withdrawal is age 55. 113 PROSPECTUS

Example 3b: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $5,000, is made during the sixth Benefit Year and you have attained age 60 (assume the Contract Values have not increased any SureIncome For Life Option guarantees on any prior Contract Anniversaries). The Benefit Base is reduced to $95,000, which is your prior Benefit Base ($100,000) less your withdrawal ($5,000). The SureIncome ROP Death Benefit is reduced to $95,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($5,000). Because the first withdrawal occurs at attained age 60, the Benefit Payment and Benefit Payment Remaining prior to the withdrawal are updated to 5% x current Benefit Base (5% x $100,000 = $5,000). The Benefit Payment remains $5,000 after withdrawal. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($5,000) less your withdrawal ($5,000). Note: The Withdrawal Benefit Factor is locked at 5% because the age at first withdrawal is age 60. Example 3c: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $6,000, is made during the sixteenth Benefit Year and you have attained age 70 (assume the Contract Values have not increased any SureIncome For Life Option guarantees on any prior Contract Anniversaries). The Benefit Base is reduced to $94,000, which is your prior Benefit Base ($100,000) less your withdrawal ($6,000). The SureIncome ROP Death Benefit is reduced to $94,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($6,000). Because the first withdrawal occurs at attained age 70, the Benefit Payment and Benefit Payment Remaining prior to the withdrawal are updated to 6% x current Benefit Base (6% x $100,000 = $6,000). The Benefit Payment remains $6,000 after withdrawal. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($6,000) less your withdrawal ($6,000). Note: The Withdrawal Benefit Factor is locked at 6% because the age at first withdrawal is age 70. Example 4a: Assume Example 1 is continued and a withdrawal of $25,000 is made - ----------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment is reduced to $3,000, determined by the following calculation: the lesser of ($4,000) and (4% x $75,000)=$3,000. There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Note: The Withdrawal Benefit Factor is locked at 4% because the age at first withdrawal is age 55. 114 PROSPECTUS

Example 4b: Assume Example 1 is continued and a withdrawal of $25,000 is made - ----------- during the sixth Benefit Year (assume the Contract Values have not increased any SureIncome For Life Option guarantees on any prior Contract Anniversaries). Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. Because the first withdrawal occurs at attained age 60, the Benefit Payment and Benefit Payment Remaining prior to the withdrawal are updated to 5% x current Benefit Base prior to the withdrawal (5% x $100,000 = $5,000). The Benefit Payment is reduced to $3,750, determined by the following calculation: the lesser of ($5,000) and (5% x $75,000)=$3,750. There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Note: The Withdrawal Benefit Factor is locked at 5% because the age at first withdrawal is age 60. Example 5: Assume Example 3a is continued and an additional withdrawal of - ---------- $5,000 is taken in the same year (the first Benefit Year). Assume the Contract Value prior to the additional withdrawal was $60,000. Because the $5,000 withdrawal is larger than the Benefit Payment Remaining ($0), the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($96,000 - $5,000)=$55,000. The SureIncome ROP Death Benefit is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($96,000 - $5,000)=$55,000. The Benefit Payment is reduced to $2,200, determined by the following formula: the lesser of ($4,000) and (4% x $55,000)=$2,200. Example 6: Assume Example 5 is continued and an additional Purchase Payment of 40,000 is made in the same year (the first Benefit Year). The Benefit Base is increased to $95,000, which is your prior Benefit Base ($55,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $95,000, which is your prior SureIncome ROP Death Benefit ($55,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $3,800, which is your prior Benefit Payment ($2,200) plus 4% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $1,600, which is your Benefit Payment Remaining prior to your additional purchase payment ($0) plus 4% of your additional purchase payment ($40,000). Example 7: Assume Example 6 is continued and an additional withdrawal of $1,600 - ---------- is taken in the same year (the first Benefit Year). 115 PROSPECTUS

The Benefit Base is reduced to $93,400, which is your prior Benefit Base ($95,000) less your withdrawal ($1,600). The SureIncome ROP Death Benefit is reduced to $93,400, which is your prior SureIncome ROP Death Benefit ($95,000) less your withdrawal ($1,600). The Benefit Payment is unchanged and remains $3,800. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($1,600) less your withdrawal ($1,600). Example 8: Assume Example 1 is continued and on the first Contract Anniversary - ---------- the Contract Value prior to deduction of annual fees is $160,000. The SureIncome For Life Option Fee is $650, which is 0.65% x the Benefit Base ($100,000) prior to updating the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $159,350, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome For Life Option Fee is the only annual fee applicable). The Benefit Base is increased to $159,350, which is the greater of your current Benefit Base ($100,000) and the final Contract Value on the Contract Anniversary ($159,350). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is increased to $6,374, which is the greater of your current Benefit Payment ($4,000) and 4% of the final Contract Value on the Contract Anniversary ($159,350). The Benefit Payment Remaining is updated to $6,374, which is the Benefit Payment on the Contract Anniversary. Note: The Benefit Payment remains $6,374 until you turn age 60 (for the purposes of this example it is assumed the maximum anniversary value on any of the prior Contract Anniversaries has not increased the Benefit Payment). At that point, if no withdrawals have been taken, your Benefit Payment and Benefit Payment Remaining are updated to 5% x current Benefit Base ($7,967.50 = 5% x $159,350, assuming your Benefit Base is still $159,350). Example 9: Assume Example 8 is continued, no withdrawals or purchase payments - ---------- are applied during the second Contract Year and on the second Contract Anniversary the Contract Value prior to deduction of annual fees is $60,000. The SureIncome For Life Option Fee is $1,035.78, which is 0.65% x the Benefit Base ($159,350) prior to updating for the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $58,964.22, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome For Life Option Fee is the only annual fee applicable). The Benefit Base is remains $159,350, which is the greater of your current Benefit Base ($159,350) and the final Contract Value on the Contract Anniversary ($58,964.22). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is remains $6,374, which is the greater of your current Benefit Payment $6,374 and 4% x the final Contract Value on the Contract Anniversary ($58,964.22). The Benefit Payment Remaining is updated to $6,374, which is the Benefit Payment on the Contract Anniversary. 116 PROSPECTUS

APPENDIX K- ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- Appendix K presents the Accumulation Unit Values and number of Accumulation Units outstanding for each Variable Sub-Account since the Variable Sub-Accounts were first offered under the Contracts. This Appendix includes Accumulation Unit Values representing the highest and lowest available combinations of Contract charges that affect Accumulation Unit Values for each Contract. The Statement of Additional Information, which is available upon request without charge, contains the Accumulation Unit Values for all other available combinations of Contract charges that affect Accumulation Unit Values for each Contract. Please contact us at 1-800-654-2397 to obtain a copy of the Statement of Additional Information. In addition, no Accumulation Unit Values are shown for Contracts with administrative expense charges of 0.30% which applies to Contracts purchased on or after January 1, 2005, and prior to October 17, 2005; effective October 17, 2005, and thereafter, the administrative expense charge applied to such Contracts is 0.19%. ALLSTATE VARIABLE ANNUITY CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- * The Allstate Variable Annuity Contracts and all of the Variable Sub-Accounts shown below were first offered under the Contracts on May 1, 2003, except for the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, FTVIP Franklin High Income - Class 2 Sub-Account, FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Mutual Shares Securities - Class 2 Sub-Account, and FTVIP Templeton Foreign Securities - Class 2 Sub-Account, which were first offered under the Contracts on May 1, 2004, and the AllianceBernstein International Value - Class B Sub-Account, the AllianceBernstein Utility Income - Class B Sub-Account, the AllianceBernstein Value - Class B Sub-Account, the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, the Fidelity VIP Growth & Income - Service Class 2 Sub-Account, the Fidelity VIP High Income - Service Class 2 Sub-Account, the Fidelity VIP Mid Cap - Service Class 2 Sub-Account, the FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account, the FTVIP Mutual Discovery Securities - Class 2 Sub-Account, the Goldman Sachs VIT Structured Small Cap Equity Sub-Account, the Goldman Sachs VIT Structured U.S. Equity Sub-Account, the Goldman Sachs VIT Growth and Income Sub-Account, the Goldman Sachs VIT Mid Cap Value Sub-Account and the Putnam VT New Value - Class IB Sub-Account which were first offered under the Contracts on April 30, 2005, and the Fidelity VIP Money Market - Service Class 2 Sub-Account, the PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account, PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account, PIMCO VIT Real Return - Advisor Shares Sub-Account, PIMCO VIT Total Return - Advisor Shares Sub-Account and the Van Kampen UIF International Growth Equity, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.10% and an administration expense charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.234 $ 13.583 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.234 $ 13.583 $ 16.455 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 24,578 35,573 37,997 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Dividend Growth - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.260 $ 13.095 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.260 $ 13.095 $ 13.619 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 237,797 556,690 590,383 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Equity - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.884 $ 13.005 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.884 $ 13.005 $ 15.136 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 180,194 463,438 529,631 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS European Equity - Class Y Sub-Account(1) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.690 $ 14.090 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.690 $ 14.090 $ 15.071 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 65,859 102,460 94,898 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Global Advantage - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.603 $ 13.968 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.603 $ 13.968 $ 14.677 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 10,209 19,661 18,678 - ------------------------------------------------------------------------------------------------------------- 117 PROSPECTUS

Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.971 $ 14.679 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.971 $ 14.679 $ 15.385 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 150,827 331,007 355,868 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS High Yield - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.331 $ 12.255 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.331 $ 12.255 $ 12.330 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 95,060 191,354 181,345 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Income Builder - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.666 $ 12.750 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.666 $ 12.750 $ 13.430 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 83,633 132,998 130,194 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Income Plus - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 10.311 $ 10.694 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 10.311 $ 10.694 $ 10.881 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 285,576 1,071,611 2,234,712 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Information - Class Y Sub-Account(2,3) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 14.965 $ 15.267 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 14.965 $ 15.267 $ 15.102 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 56,208 53,334 22,865 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Limited Duration - Class Y Sub-Account(1) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 10.018 $ 10.005 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 10.018 $ 10.005 $ 10.025 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 337,847 691,339 1,064,766 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Money Market - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 9.936 $ 9.868 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.936 $ 9.868 $ 9.988 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 184,536 812,228 1,150,064 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.114 $ 13.188 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.114 $ 13.188 $ 13.596 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 380,784 779,233 1,205,985 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Strategist - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.034 $ 13.080 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.034 $ 13.080 $ 13.953 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 156,369 290,870 341,132 - ------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Utilities - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.505 $ 13.660 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.505 $ 13.660 $ 15.420 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 30,741 45,533 95,239 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account(2,4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.319 $ 12.299 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.319 $ 12.299 $ 13.614 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 32,114 141,903 159,451 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 14.912 $ 18.105 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 14.912 $ 18.105 $ 23.907 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 35,093 100,831 166,567 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.715 $ 12.423 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.715 $ 12.423 $ 14.161 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 121,087 179,761 189,322 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.622 $ 12.793 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.622 $ 12.793 $ 13.561 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 125,143 215,383 424,921 - ------------------------------------------------------------------------------------------------------------- 118 PROSPECTUS

Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.251 $ 13.637 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.251 $ 13.637 $ 15.073 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 91,178 311,486 581,451 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF International Growth Equity, Class II Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.116 $ 15.727 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.116 $ 15.727 $ 18.210 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 104,776 190,348 270,496 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.621 $ 15.993 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.621 $ 15.993 $ 17.821 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 104,846 150,004 165,471 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.408 $ 15.158 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.408 $ 15.158 $ 16.781 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 162,337 366,700 592,052 - ------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.785 $ 17.172 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.785 $ 17.172 $ 19.791 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 95,259 267,480 385,379 - ------------------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.864 $ 14.589 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.864 $ 14.589 $ 16.001 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 64,393 91,273 90,402 - ------------------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.525 $ 14.519 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.525 $ 14.519 $ 14.921 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 611,638 1,368,363 2,024,042 - ------------------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.853 $ 12.493 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.853 $ 12.493 $ 13.275 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 105,623 143,473 181,523 - ------------------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.423 $ 13.994 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.423 $ 13.994 $ 15.157 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 346,255 706,160 998,766 - ------------------------------------------------------------------------------------------------------------- AIM V.I. Basic Value - Series II Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.922 $ 14.138 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.922 $ 14.138 $ 14.713 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 93,006 197,926 205,195 - ------------------------------------------------------------------------------------------------------------- AIM V.I. Capital Appreciation - Series II Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.268 $ 12.876 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.268 $ 12.876 $ 13.801 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 41,151 74,440 78,672 - ------------------------------------------------------------------------------------------------------------- AIM V.I. Core Equity - Series II Sub-Account (5) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.785 $ 12.272 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.785 $ 12.272 $ 12.764 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 59,649 45,741 45,753 - ------------------------------------------------------------------------------------------------------------- AIM V.I. Mid Cap Core Equity - Series II Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.826 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.826 $ 11.463 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 41,968 87,736 - ------------------------------------------------------------------------------------------------------------- 119 PROSPECTUS

AllianceBernstein Growth and Income - Class B Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.313 $ 13.518 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.313 $ 13.518 $ 13.957 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 186,043 415,731 444,440 - ------------------------------------------------------------------------------------------------------------- AllianceBernstein Growth - Class B Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.479 $ 14.108 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.479 $ 14.108 $ 15.547 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 84,678 170,808 369,989 - ------------------------------------------------------------------------------------------------------------- AllianceBernstein International Value - Class B Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.902 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 347,354 - ------------------------------------------------------------------------------------------------------------- AllianceBernstein Large Cap Growth - Class B Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.511 $ 12.311 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.511 $ 12.311 $ 13.956 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 61,318 104,368 129,269 - ------------------------------------------------------------------------------------------------------------- AllianceBernstein Small/Mid Cap Value - Class B Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.642 $ 16.034 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.642 $ 16.034 $ 16.877 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 128,236 220,201 394,485 - ------------------------------------------------------------------------------------------------------------- AllianceBernstein Utility Income - Class B Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.978 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 46,526 - ------------------------------------------------------------------------------------------------------------- AllianceBernstein Value - Class B Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.757 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 58,921 - ------------------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.917 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 557,027 - ------------------------------------------------------------------------------------------------------------- Fidelity VIP Growth & Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.114 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 148,705 - ------------------------------------------------------------------------------------------------------------- Fidelity VIP High Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.498 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 130,227 - ------------------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 12.136 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 226,223 - ------------------------------------------------------------------------------------------------------------- Fidelity VIP Money Market - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------------- FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.178 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 40,690 - ------------------------------------------------------------------------------------------------------------- FTVIP Franklin High Income - Class 2 Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.717 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.717 $ 10.930 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 126,010 201,704 - ------------------------------------------------------------------------------------------------------------- 120 PROSPECTUS

FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 11.263 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 11.263 $ 11.297 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 117,847 701,458 - ------------------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.405 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 76,341 - ------------------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.974 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.974 $ 11.976 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 89,975 415,887 - ------------------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 11.543 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 11.543 $ 12.553 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 91,246 664,497 - ------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.546 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 109,697 - ------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Mid Cap Value Sub-Account(1) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.401 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 203,640 - ------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured Small Cap Equity Sub-Account(6) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.367 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 347,710 - ------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured U.S. Equity Sub-Account(7) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.295 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 154,801 - ------------------------------------------------------------------------------------------------------------- PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------------- PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------------- PIMCO VIT Real Return - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------------- PIMCO VIT Total Return - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.342 $ 12.114 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.342 $ 12.114 $ 12.437 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 59,242 89,594 105,484 - ------------------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account(2) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.318 $ 13.510 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.318 $ 13.510 $ 14.034 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 8,159 83,914 93,677 - ------------------------------------------------------------------------------------------------------------- 121 PROSPECTUS

Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.688 $ 14.553 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.688 $ 14.553 $ 16.118 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 71,672 165,086 239,237 - ------------------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account (8) - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.184 $ 13.547 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.184 $ 13.547 $ 14.550 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 8,159 5,886 4,547 - ------------------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.948 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 254,363 - ------------------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.752 $ 12.184 - ------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.752 $ 12.184 $ 12.712 - ------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 63,955 135,230 164,024 - ------------------------------------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Goldman Sachs VIT Mid Cap Value Fund, Morgan Stanley VIS European Equity Portfolio - Class Y and Morgan Stanley VIS Limited Duration Portfolio - Class Y are no longer available for new investments. If you are currently invested in theVariable Sub-Accounts that invest in these Portfolios you may continue your investments. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2005, the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, the Morgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If prior to May 1, 2005, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (5) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed. (6) May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund changed its name to the Goldman Sachs VIT Structured Small Cap Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (7) May 1, 2006, the Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed its name to the Goldman Sachs VIT Structured U.S. Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (8) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account is no longer available for new investments. If you are currently invested in this Variable Sub-Account, you may continue your investment. If prior to May 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 122 PROSPECTUS

ALLSTATE VARIABLE ANNUITY CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- * The Allstate Variable Annuity Contracts and all of the Variable Sub-Accounts shown below were first offered under the Contracts with the MAV Death Benefit Option, the Enhanced Beneficiary Protection (Annual Increase) Option and the Earnings Protection Death Benefit Option on May 1, 2003, except for the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, FTVIP Franklin High Income - Class 2 Sub-Account, FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Mutual Shares Securities - Class 2 Sub-Account, and FTVIP Templeton Foreign Securities - Class 2 Sub-Account, which were first offered under the Contracts on May 1, 2004, and the AllianceBernstein International Value - Class B Sub-Account, the AllianceBernstein Utility Income - Class B Sub-Account, the AllianceBernstein Value - Class B Sub-Account, the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, the Fidelity VIP Growth & Income - Service Class 2 Sub-Account, the Fidelity VIP High Income - Service Class 2 Sub-Account, the Fidelity VIP Mid Cap - Service Class 2 Sub-Account, the FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account, the FTVIP Mutual Discovery Securities - Class 2 Sub-Account, the Goldman Sachs VIT Structured Small Cap Equity Sub-Account, the Goldman Sachs VIT Structured U.S. Equity Sub-Account, the Goldman Sachs VIT Growth and Income Sub-Account, the Goldman Sachs VIT Mid Cap Value Sub-Account and the Putnam VT New Value - Class IB Sub-Account which were first offered under the Contracts on April 30, 2005, and the Fidelity VIP Money Market - Service Class 2 Sub-Account, the PIMCO VIT CommodityRealReturn Strategy - - Advisor Shares Sub-Account, PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account, PIMCO VIT Real Return - Advisor Shares Sub-Account, PIMCO VIT Total Return - Advisor Shares Sub-Account and the Van Kampen UIF International Growth Equity, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.00% and an administration expense charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - -------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.159 $ 13.377 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.159 $ 13.377 $ 16.058 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 189 951 951 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Dividend Growth - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.185 $ 12.897 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.185 $ 12.897 $ 13.291 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 20,116 18,199 22,604 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Equity - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.812 $ 12.808 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.812 $ 12.808 $ 14.771 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 22,754 25,327 23,766 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS European Equity - Class Y Sub-Account(1) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.613 $ 13.877 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.613 $ 13.877 $ 14.708 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,061 3,942 3,940 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Global Advantage - Class Y Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.526 $ 13.757 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.526 $ 13.757 $ 14.323 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 979 0 0 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.892 $ 14.457 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.892 $ 14.457 $ 15.014 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,234 11,314 12,341 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS High Yield - Class Y Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.262 $ 12.069 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.262 $ 12.069 $ 12.033 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,624 5,399 7,464 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Income Builder - Class Y Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.595 $ 12.556 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.595 $ 12.556 $ 13.106 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 388 388 6,319 - -------------------------------------------------------------------------------------------------- 123 PROSPECTUS

Morgan Stanley VIS Income Plus - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 10.248 $ 10.532 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.248 $ 10.532 $ 10.619 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 36,354 31,834 50,822 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Information - Class Y Sub-Account(2,3) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 14.874 $ 15.036 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.874 $ 15.036 $ 14.738 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 297 388 367 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Limited Duration - Class Y Sub-Account(1) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 9.957 $ 9.853 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.957 $ 9.853 $ 9.783 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 22,303 25,373 23,571 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Money Market - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 9.875 $ 9.719 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.875 $ 9.719 $ 9.747 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 45,906 100,138 106,824 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.040 $ 12.988 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.040 $ 12.988 $ 13.268 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 15,094 15,844 23,949 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Strategist - Class Y Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.961 $ 12.882 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.961 $ 12.882 $ 13.617 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 14,926 15,995 13,820 - -------------------------------------------------------------------------------------------------- Morgan Stanley VIS Utilities - Class Y Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.435 $ 13.453 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.435 $ 13.453 $ 15.048 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,101 1,096 1,052 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account(2,4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.250 $ 12.113 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.250 $ 12.113 $ 13.286 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 15,238 793 676 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 14.821 $ 17.831 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.821 $ 17.831 $ 23.331 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 12,008 578 1,273 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.551 $ 12.599 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.551 $ 12.599 $ 13.234 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,382 8,845 7,060 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.643 $ 12.234 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.643 $ 12.234 $ 13.820 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 732 1,444 2,590 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.176 $ 13.430 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.176 $ 13.430 $ 14.710 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,170 4,254 12,144 - -------------------------------------------------------------------------------------------------- Van Kampen UIF International Growth Equity, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - -------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 13.036 $ 15.489 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.036 $ 15.489 $ 17.772 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 6,524 7,472 7,621 - -------------------------------------------------------------------------------------------------- 124 PROSPECTUS

Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 13.538 $ 15.751 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.538 $ 15.751 $ 17.392 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 12,094 7,725 7,880 - -------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 13.327 $ 14.928 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.327 $ 14.928 $ 16.376 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 13,892 9,406 10,565 - -------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.707 $ 16.912 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.707 $ 16.912 $ 19.314 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,217 7,785 8,404 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.785 $ 14.368 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.785 $ 14.368 $ 15.616 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 428 1,015 429 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.449 $ 14.299 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.449 $ 14.299 $ 14.561 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 73,598 44,257 49,881 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.781 $ 12.304 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.781 $ 12.304 $ 12.955 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 7,119 5,330 4,868 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.347 $ 13.782 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.347 $ 13.782 $ 14.792 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 52,658 27,103 32,255 - -------------------------------------------------------------------------------------------------- AIM V.I. Basic Value - Series II Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.843 $ 13.924 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.843 $ 13.924 $ 14.359 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,967 4,311 3,964 - -------------------------------------------------------------------------------------------------- AIM V.I. Capital Appreciation - Series II Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.193 $ 12.681 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.193 $ 12.681 $ 13.468 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,401 895 890 - -------------------------------------------------------------------------------------------------- AIM V.I. Core Equity - Series II Sub-Account(5) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.713 $ 12.086 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.713 $ 12.086 $ 12.456 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,619 6,687 6,654 - -------------------------------------------------------------------------------------------------- AIM V.I. Mid Cap Core Equity - Series II Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.760 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.760 $ 11.290 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 0 0 - -------------------------------------------------------------------------------------------------- AllianceBernstein Growth and Income - Class B Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.238 $ 13.313 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.238 $ 13.313 $ 13.621 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 30,085 30,581 32,696 - -------------------------------------------------------------------------------------------------- AllianceBernstein Growth - Class B Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.403 $ 13.894 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.403 $ 13.894 $ 15.172 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,243 6,926 6,809 - -------------------------------------------------------------------------------------------------- AllianceBernstein International Value - Class B Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.829 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 3,437 - -------------------------------------------------------------------------------------------------- 125 PROSPECTUS

AllianceBernstein Large Cap Growth - Class B Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.441 $ 12.124 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.441 $ 12.124 $ 13.620 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,752 11,686 11,685 - -------------------------------------------------------------------------------------------------- AllianceBernstein Small/Mid Cap Value - Class B Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 13.558 $ 15.791 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.558 $ 15.791 $ 16.471 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,419 7,226 7,449 - -------------------------------------------------------------------------------------------------- AllianceBernstein Utility Income - Class B Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.911 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 1,315 - -------------------------------------------------------------------------------------------------- AllianceBernstein Value - Class B Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.691 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 0 - -------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.844 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 6,441 - -------------------------------------------------------------------------------------------------- Fidelity VIP Growth & Income - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.046 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 366 - -------------------------------------------------------------------------------------------------- Fidelity VIP High Income - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.434 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 3,328 - -------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 12.062 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 290 - -------------------------------------------------------------------------------------------------- Fidelity VIP Money Market - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - -------------------------------------------------------------------------------------------------- FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.110 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 0 - -------------------------------------------------------------------------------------------------- FTVIP Franklin High Income - Class 2 Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.652 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.652 $ 10.764 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 1,781 2,337 - -------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 11.194 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 11.194 $ 11.126 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 1,924 2,412 - -------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.335 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 3,984 - -------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.907 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.907 $ 11.795 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 7,597 8,427 - -------------------------------------------------------------------------------------------------- 126 PROSPECTUS

FTVIP Templeton Foreign Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 11.472 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 11.472 $ 12.363 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 0 1,345 - -------------------------------------------------------------------------------------------------- Goldman Sachs VIT Growth and Income Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.481 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 693 - -------------------------------------------------------------------------------------------------- Goldman Sachs VIT Mid Cap Value Sub-Account (1) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.331 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 0 - -------------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured Small Cap Equity Sub-Account(6) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.298 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 607 - -------------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured U.S. Equity Sub-Account(7) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.226 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 791 - -------------------------------------------------------------------------------------------------- PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - -------------------------------------------------------------------------------------------------- PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - -------------------------------------------------------------------------------------------------- PIMCO VIT Real Return - Advisor Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - -------------------------------------------------------------------------------------------------- PIMCO VIT Total Return - Advisor Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - -------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.273 $ 11.931 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.273 $ 11.931 $ 12.137 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,133 0 - -------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account(2) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.243 $ 13.306 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.243 $ 13.306 $ 13.695 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 14,285 12,788 11,515 - -------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.611 $ 14.333 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.611 $ 14.333 $ 15.730 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 128 2,233 1,975 - -------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account (8) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.109 $ 13.342 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.109 $ 13.342 $ 14.199 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - -------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.881 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 1,554 - -------------------------------------------------------------------------------------------------- 127 PROSPECTUS

Putnam VT Voyager - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.680 $ 11.999 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.680 $ 11.999 $ 12.405 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,470 2,601 2,052 - -------------------------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Goldman Sachs VIT Mid Cap Value Fund, Morgan Stanley VIS European Equity Portfolio - Class Y and Morgan Stanley VIS Limited Duration Portfolio - Class Y are no longer available for new investments. If you are currently invested in theVariable Sub-Accounts that invest in these Portfolios you may continue your investments. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2005, the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, the Morgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If prior to May 1, 2005, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (5) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed. (6) May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund changed its name to the Goldman Sachs VIT Structured Small Cap Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (7) May 1, 2006, the Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed its name to the Goldman Sachs VIT Structured U.S. Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (8) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account is no longer available for new investments. If you are currently invested in this Variable Sub-Account, you may continue your investment. If prior to May 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 128 PROSPECTUS

ALLSTATE VARIABLE ANNUITY-L SHARE CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- * The Allstate Variable Annuity-L Share Contracts and all of the Variable Sub-Accounts shown below were first offered under the Contracts on May 1, 2003, except for the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, FTVIP Franklin High Income - Class 2 Sub-Account, FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Mutual Shares Securities - Class 2 Sub-Account, and FTVIP Templeton Foreign Securities - Class 2 Sub-Account, which were first offered under the Contracts on May 1, 2004, and the AllianceBernstein International Value - Class B Sub-Account, the AllianceBernstein Utility Income - - Class B Sub-Account, the AllianceBernstein Value - Class B Sub-Account, the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, the Fidelity VIP Growth & Income - Service Class 2 Sub-Account, the Fidelity VIP High Income - Service Class 2 Sub-Account, the Fidelity VIP Mid Cap - Service Class 2 Sub-Account, the FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account, the FTVIP Mutual Discovery Securities - Class 2 Sub-Account, the Goldman Sachs VIT Structured Small Cap Equity Sub-Account, the Goldman Sachs VIT Structured U.S. Equity Sub-Account, the Goldman Sachs VIT Growth and Income Sub-Account, the Goldman Sachs VIT Mid Cap Value Sub-Account and the Putnam VT New Value - Class IB Sub-Account which were first offered under the Contracts on April 30, 2005, and the Fidelity VIP Money Market - Service Class 2 Sub-Account, the PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account, PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account, PIMCO VIT Real Return - Advisor Shares Sub-Account, PIMCO VIT Total Return - Advisor Shares Sub-Account and the Van Kampen UIF International Growth Equity, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 1.50% and an administration expense charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - --------------------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.201 $ 13.491 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.201 $ 13.491 $ 16.278 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 6,634 10,689 21,194 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Dividend Growth - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.227 $ 13.007 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.227 $ 13.007 $ 13.473 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 66,915 240,939 294,781 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Equity - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.852 $ 12.918 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.852 $ 12.918 $ 14.973 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 46,977 184,114 279,675 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS European Equity - Class Y Sub-Account(1) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.656 $ 13.995 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.656 $ 13.995 $ 14.909 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 15,404 35,187 39,213 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Global Advantage - Class Y Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.568 $ 13.874 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.568 $ 13.874 $ 14.519 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 11,186 16,323 16,425 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.936 $ 14.580 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.936 $ 14.580 $ 15.219 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 78,822 127,171 144,625 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS High Yield - Class Y Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.301 $ 12.172 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.301 $ 12.172 $ 12.197 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 65,540 163,222 175,113 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Income Builder - Class Y Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.634 $ 12.664 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.634 $ 12.664 $ 13.285 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 21,733 47,530 54,141 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Income Plus - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 10.283 $ 10.622 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 10.283 $ 10.622 $ 10.764 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 184,686 643,073 1,462,440 - --------------------------------------------------------------------------------------------------------------- 129 PROSPECTUS

Morgan Stanley VIS Information - Class Y Sub-Account(2,3) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 14.925 $ 15.164 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 14.925 $ 15.164 $ 14.939 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,426 4,859 3,400 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Limited Duration - Class Y Sub-Account(1) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 9.991 $ 9.937 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.991 $ 9.937 $ 9.917 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 206,331 413,637 657,808 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Money Market - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 9.909 $ 9.802 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.909 $ 9.802 $ 9.881 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 108,929 428,989 701,011 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.081 $ 13.099 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.081 $ 13.099 $ 13.449 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 103,071 207,780 360,938 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Strategist - Class Y Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.001 $ 12.992 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.001 $ 12.992 $ 13.803 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 70,971 147,140 196,467 - --------------------------------------------------------------------------------------------------------------- Morgan Stanley VIS Utilities - Class Y Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.474 $ 13.568 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.474 $ 13.568 $ 15.254 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 6,583 31,117 42,719 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (2,4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.288 $ 12.216 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.288 $ 12.216 $ 13.468 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 9,598 69,282 111,007 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 14.872 $ 17.983 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 14.872 $ 17.983 $ 23.650 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 15,373 39,200 293,630 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.590 $ 12.707 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.590 $ 12.707 $ 13.415 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 31,795 121,831 355,800 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.683 $ 12.339 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.683 $ 12.339 $ 14.009 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 51,300 103,097 105,569 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.217 $ 13.545 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.217 $ 13.545 $ 14.911 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 64,033 234,429 673,072 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF International Growth Equity, Class II Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.080 $ 15.621 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.080 $ 15.621 $ 18.015 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 56,943 107,152 468,020 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.584 $ 15.885 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.584 $ 15.885 $ 17.630 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 66,608 104,445 105,122 - --------------------------------------------------------------------------------------------------------------- 130 PROSPECTUS

Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.372 $ 15.056 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.372 $ 15.056 $ 16.600 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 88,639 199,551 428,687 - --------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.750 $ 17.057 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.750 $ 17.057 $ 19.578 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 61,183 172,705 246,519 - --------------------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.829 $ 14.490 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.829 $ 14.490 $ 15.829 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 14,674 22,291 23,151 - --------------------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.491 $ 14.421 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.491 $ 14.421 $ 14.760 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 286,089 699,495 1,601,297 - --------------------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.821 $ 12.409 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.821 $ 12.409 $ 13.132 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 67,081 101,974 176,876 - --------------------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.390 $ 13.900 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.390 $ 13.900 $ 14.994 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 176,200 319,496 548,723 - --------------------------------------------------------------------------------------------------------------- AIM V.I. Basic Value - Series II Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.887 $ 14.042 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.887 $ 14.042 $ 14.555 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 29,372 99,790 111,926 - --------------------------------------------------------------------------------------------------------------- AIM V.I. Capital Appreciation - Series II Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.234 $ 12.789 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.234 $ 12.789 $ 13.652 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 12,830 21,060 20,111 - --------------------------------------------------------------------------------------------------------------- AIM V.I. Mid Cap Core Equity - Series II Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.797 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.797 $ 11.386 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 21,750 58,290 - --------------------------------------------------------------------------------------------------------------- AIM V.I. Core Equity - Series II Sub-Account(5) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.753 $ 12.189 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.753 $ 12.189 $ 12.626 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,582 15,922 20,572 - --------------------------------------------------------------------------------------------------------------- AllianceBernstein Growth and Income - Class B Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.279 $ 13.427 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.279 $ 13.427 $ 13.807 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 54,387 166,492 447,898 - --------------------------------------------------------------------------------------------------------------- AllianceBernstein Growth - Class B Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.446 $ 14.013 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.446 $ 14.013 $ 15.380 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 28,817 80,635 325,340 - --------------------------------------------------------------------------------------------------------------- AllianceBernstein International Value - Class B Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.870 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 200,944 - --------------------------------------------------------------------------------------------------------------- AllianceBernstein Large Cap Growth - Class B Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.480 $ 12.228 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.480 $ 12.228 $ 13.806 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 40,183 66,960 64,208 - --------------------------------------------------------------------------------------------------------------- 131 PROSPECTUS

AllianceBernstein Small/Mid Cap Value - Class B Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 13.605 $ 15.926 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 13.605 $ 15.926 $ 16.696 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 46,809 101,345 461,511 - --------------------------------------------------------------------------------------------------------------- AllianceBernstein Utility Income - Class B Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.948 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 62,544 - --------------------------------------------------------------------------------------------------------------- AllianceBernstein Value - Class B Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.728 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 24,330 - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.885 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 588,555 - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Growth & Income - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.084 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 109,025 - --------------------------------------------------------------------------------------------------------------- Fidelity VIP High Income - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.470 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 105,832 - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 12.103 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 146,107 - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Money Market - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - --------------------------------------------------------------------------------------------------------------- FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.148 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 40,286 - --------------------------------------------------------------------------------------------------------------- FTVIP Franklin High Income - Class 2 Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.688 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.688 $ 10.856 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 105,202 171,901 - --------------------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 11.233 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 11.233 $ 11.221 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 86,915 769,097 - --------------------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.374 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 64,062 - --------------------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 10.944 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 10.944 $ 11.896 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 51,882 475,155 - --------------------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - $ 10.000 $ 11.511 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - $ 11.511 $ 12.468 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - 36,969 860,022 - --------------------------------------------------------------------------------------------------------------- 132 PROSPECTUS

Goldman Sachs VIT Growth and Income Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.517 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 76,141 - --------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Mid Cap Value Sub-Account (1) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.370 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 121,130 - --------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured Small Cap Equity Sub-Account(6) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.336 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 303,063 - --------------------------------------------------------------------------------------------------------------- Goldman Sachs VIT Structured U.S. Equity Sub-Account(7) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 11.265 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 108,569 - --------------------------------------------------------------------------------------------------------------- PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - --------------------------------------------------------------------------------------------------------------- PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - --------------------------------------------------------------------------------------------------------------- PIMCO VIT Real Return - Advisor Shares Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - --------------------------------------------------------------------------------------------------------------- PIMCO VIT Total Return - Advisor Shares Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - - - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - - - --------------------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.311 $ 12.033 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.311 $ 12.033 $ 12.303 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 50,397 50,051 295,949 - --------------------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account(2) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.285 $ 13.419 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.285 $ 13.419 $ 13.883 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 28,104 34,565 45,145 - --------------------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.654 $ 14.455 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.654 $ 14.455 $ 15.945 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 57,292 104,567 199,020 - --------------------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account (8) - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 12.151 $ 13.455 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 12.151 $ 13.455 $ 14.394 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,120 1,114 1,108 - --------------------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period - - $ 10.000 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period - - $ 10.918 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period - - 162,309 - --------------------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 10.000 $ 11.720 $ 12.102 - --------------------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 11.720 $ 12.102 $ 12.575 - --------------------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 44,404 93,142 148,490 - --------------------------------------------------------------------------------------------------------------- 133 PROSPECTUS

(1) Effective May 1, 2006, the Goldman Sachs VIT Mid Cap Value Fund, Morgan Stanley VIS European Equity Portfolio - Class Y and Morgan Stanley VIS Limited Duration Portfolio - Class Y are no longer available for new investments. If you are currently invested in theVariable Sub-Accounts that invest in these Portfolios you may continue your investments. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2005, the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, the Morgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If prior to May 1, 2005, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (5) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed. (6) May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund changed its name to the Goldman Sachs VIT Structured Small Cap Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (7) May 1, 2006, the Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed its name to the Goldman Sachs VIT Structured U.S. Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (8) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account is no longer available for new investments. If you are currently invested in this Variable Sub-Account, you may continue your investment. If prior to May 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 134 PROSPECTUS

ALLSTATE VARIABLE ANNUITY-L SHARE CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- * The Allstate Variable Annuity-L Share Contracts and all of the Variable Sub-Accounts shown below were first offered under the Contracts with the MAV Death Benefit Option, the Enhanced Beneficiary Protection (Annual Increase) Option and the Earnings Protection Death Benefit Option on May 1, 2003, except for the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, FTVIP Franklin High Income - Class 2 Sub-Account, FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Mutual Shares Securities - Class 2 Sub-Account, and FTVIP Templeton Foreign Securities - Class 2 Sub-Account, which were first offered under the Contracts on May 1, 2004, and the AllianceBernstein International Value - Class B Sub-Account, the AllianceBernstein Utility Income - Class B Sub-Account, the AllianceBernstein Value - Class B Sub-Account, the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, the Fidelity VIP Growth & Income - Service Class 2 Sub-Account, the Fidelity VIP High Income - Service Class 2 Sub-Account, the Fidelity VIP Mid Cap - Service Class 2 Sub-Account, the FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account, the FTVIP Mutual Discovery Securities - Class 2 Sub-Account, the Goldman Sachs VIT Structured Small Cap Equity Sub-Account, the Goldman Sachs VIT Structured U.S. Equity Sub-Account, the Goldman Sachs VIT Growth and Income Sub-Account, the Goldman Sachs VIT Mid Cap Value Sub-Account and the Putnam VT New Value - Class IB Sub-Account which were first offered under the Contracts on April 30, 2005, and the Fidelity VIP Money Market - Service Class 2 Sub-Account, the PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account, PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account, PIMCO VIT Real Return - Advisor Shares Sub-Account, PIMCO VIT Total Return - Advisor Shares Sub-Account and the Van Kampen UIF International Growth Equity, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a mortality and expense risk charge of 2.40% and an administration expense charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------------ SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Aggressive Equity - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.126 $13.286 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.126 $13.286 $15.884 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 975 2,497 2,217 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Dividend Growth - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.152 $12.809 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.152 $12.809 $13.147 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 9,726 13,250 9,282 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Equity - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.780 $12.721 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.780 $12.721 $14.611 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 8,629 6,633 9,698 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS European Equity - Class Y Sub-Account(1) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.579 $13.782 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.579 $13.782 $14.548 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 2,328 3,942 3,757 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Global Advantage - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.492 $13.663 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.492 $13.663 $14.168 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 1,841 1,851 1,841 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Global Dividend Growth - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.857 $14.359 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.857 $14.359 $14.851 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 5,126 15,771 10,533 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS High Yield - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.232 $11.987 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.232 $11.987 $11.902 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 5,462 8,598 7,542 - ------------------------------------------------------------------------------------------------------ 135 PROSPECTUS

Morgan Stanley VIS Income Builder - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.563 $12.471 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.563 $12.471 $12.964 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 3,527 4,145 4,121 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Income Plus - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $10.220 $10.460 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $10.220 $10.460 $10.504 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 13,208 30,413 27,233 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Information - Class Y Sub-Account(2,3) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $14.833 $14.934 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $14.833 $14.934 $14.578 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 4,964 5,754 6,563 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Limited Duration - Class Y Sub-Account(1) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $ 9.930 $ 9.786 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $ 9.930 $ 9.786 $ 9.677 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 28,903 45,574 46,747 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Money Market - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $ 9.848 $ 9.652 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $ 9.848 $ 9.652 $ 9.641 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 34 3,303 3,661 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS S&P 500 Index - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.007 $12.900 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.007 $12.900 $13.124 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 10,343 11,431 15,174 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Strategist - Class Y Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.928 $12.794 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.928 $12.794 $13.469 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 4,574 11,396 10,665 - ------------------------------------------------------------------------------------------------------ Morgan Stanley VIS Utilities - Class Y Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.404 $13.362 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.404 $13.362 $14.885 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 4,063 5,082 2,882 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (2,4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.219 $12.030 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.219 $12.030 $13.142 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 819 1,348 1,248 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF Emerging Markets Equity, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $14.781 $17.709 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $14.781 $17.709 $23.078 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 0 6 1,380 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.611 $12.151 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.611 $12.151 $13.670 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 6,422 6,273 5,131 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.519 $12.514 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.519 $12.514 $13.090 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 4,613 6,479 4,656 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.143 $13.339 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.143 $13.339 $14.550 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 3,320 6,166 7,995 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF International Growth Equity, Class II Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------ 136 PROSPECTUS

Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $13.000 $15.384 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $13.000 $15.384 $17.579 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 10,978 11,035 10,793 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $13.501 $15.644 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $13.501 $15.644 $17.203 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 1,773 3,184 2,113 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $13.290 $14.827 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $13.290 $14.827 $16.199 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 9,060 15,617 13,461 - ------------------------------------------------------------------------------------------------------ Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.672 $16.797 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.672 $16.797 $19.105 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 9,699 9,204 8,525 - ------------------------------------------------------------------------------------------------------ Van Kampen LIT Aggressive Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.750 $14.270 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.750 $14.270 $15.446 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 4,072 4,072 4,218 - ------------------------------------------------------------------------------------------------------ Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.415 $14.201 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.415 $14.201 $14.403 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 54,058 67,986 63,782 - ------------------------------------------------------------------------------------------------------ Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.749 $12.220 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.749 $12.220 $12.814 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 9,005 12,541 12,307 - ------------------------------------------------------------------------------------------------------ Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.314 $13.689 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.314 $13.689 $14.631 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 10,194 22,591 25,043 - ------------------------------------------------------------------------------------------------------ AIM V.I. Basic Value - Series II Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.808 $13.829 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.808 $13.829 $14.203 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 7,325 7,540 7,400 - ------------------------------------------------------------------------------------------------------ AIM V.I. Capital Appreciation - Series II Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.160 $12.595 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.160 $12.595 $13.322 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 7,325 3,493 3,628 - ------------------------------------------------------------------------------------------------------ AIM V.I. Mid Cap Core Equity - Series II Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - $10.000 $10.730 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - $10.730 $11.213 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - 0 0 - ------------------------------------------------------------------------------------------------------ AIM V.I. Core Equity - Series II Sub-Account(5) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.681 $12.004 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.681 $12.004 $12.321 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 799 799 798 - ------------------------------------------------------------------------------------------------------ AllianceBernstein Growth and Income - Class B Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.204 $13.222 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.204 $13.222 $13.473 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 7,429 13,342 17,762 - ------------------------------------------------------------------------------------------------------ AllianceBernstein Growth - Class B Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.369 $13.800 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.369 $13.800 $15.008 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 5,816 16,835 10,239 - ------------------------------------------------------------------------------------------------------ 137 PROSPECTUS

AllianceBernstein International Value - Class B Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.797 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 9,446 - ------------------------------------------------------------------------------------------------------ AllianceBernstein Large Cap Growth - Class B Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.410 $12.042 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.410 $12.042 $13.472 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 3,318 4,534 6,063 - ------------------------------------------------------------------------------------------------------ AllianceBernstein Small/Mid Cap Value - Class B Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $13.521 $15.684 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $13.521 $15.684 $16.292 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 6,234 11,695 12,398 - ------------------------------------------------------------------------------------------------------ AllianceBernstein Utility Income - Class B Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $10.881 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 0 - ------------------------------------------------------------------------------------------------------ AllianceBernstein Value - Class B Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $10.662 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 1,874 - ------------------------------------------------------------------------------------------------------ Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.812 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 6,639 - ------------------------------------------------------------------------------------------------------ Fidelity VIP Growth & Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.016 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 2,529 - ------------------------------------------------------------------------------------------------------ Fidelity VIP High Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $10.405 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 249 - ------------------------------------------------------------------------------------------------------ Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $12.029 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 0 - ------------------------------------------------------------------------------------------------------ Fidelity VIP Money Market - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------ FTVIP Franklin Flex Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.079 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 0 - ------------------------------------------------------------------------------------------------------ FTVIP Franklin High Income - Class 2 Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - $10.000 $10.623 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - $10.623 $10.691 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - 0 0 - ------------------------------------------------------------------------------------------------------ FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - $10.000 $11.164 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - $11.164 $11.050 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - 0 20,756 - ------------------------------------------------------------------------------------------------------ FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.304 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 0 - ------------------------------------------------------------------------------------------------------ 138 PROSPECTUS

FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - $10.000 $10.877 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - $10.877 $11.715 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - 1,636 7,047 - ------------------------------------------------------------------------------------------------------ FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - $10.000 $11.441 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - $11.441 $12.279 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - 410 2,533 - ------------------------------------------------------------------------------------------------------ Goldman Sachs VIT Structured Small Cap Equity Sub-Account(6) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.267 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 5,369 - ------------------------------------------------------------------------------------------------------ Goldman Sachs VIT Structured U.S. Equity Sub-Account(7) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.195 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 6,796 - ------------------------------------------------------------------------------------------------------ Goldman Sachs VIT Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $10.453 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 2,234 - ------------------------------------------------------------------------------------------------------ Goldman Sachs VIT Mid Cap Value Sub-Account (1) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $11.300 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 1,182 - ------------------------------------------------------------------------------------------------------ PIMCO VIT CommodityRealReturn Strategy - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------ PIMCO VIT Emerging Markets Bond - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------ PIMCO VIT Real Return - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------ PIMCO VIT Total Return - Advisor Shares Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - - - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - - - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - - - ------------------------------------------------------------------------------------------------------ Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.242 $11.850 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.242 $11.850 $12.005 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 2,556 2,552 2,548 - ------------------------------------------------------------------------------------------------------ Putnam VT Growth and Income - Class IB Sub-Account(2) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.210 $13.215 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.210 $13.215 $13.547 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------------ Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.577 $14.235 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.577 $14.235 $15.559 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 6,690 10,996 10,092 - ------------------------------------------------------------------------------------------------------ Putnam VT Investors - Class IB Sub-Account (8) - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $12.076 $13.251 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $12.076 $13.251 $14.045 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------------ Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period - - $10.000 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period - - $10.851 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period - - 528 - ------------------------------------------------------------------------------------------------------ 139 PROSPECTUS

Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, Beginning of Period $10.000 $11.648 $11.917 - ------------------------------------------------------------------------------------------------------ Accumulation Unit Value, End of Period $11.648 $11.917 $12.271 - ------------------------------------------------------------------------------------------------------ Number of Units Outstanding, End of Period 1,000 1,219 1,737 - ------------------------------------------------------------------------------------------------------ (1) Effective May 1, 2006, the Goldman Sachs VIT Mid Cap Value Fund, Morgan Stanley VIS European Equity Portfolio - Class Y and Morgan Stanley VIS Limited Duration Portfolio - Class Y are no longer available for new investments. If you are currently invested in theVariable Sub-Accounts that invest in these Portfolios you may continue your investments. If, prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (2) Effective May 1, 2005, the AIM V.I. Basic Value - Series II Sub-Account, the AIM V.I. Capital Appreciation - Series II Sub-Account, the AIM V.I. Mid Cap Core Equity - Series II Sub-Account, the AllianceBernstein Growth and Income - Class B Sub-Account, the AllianceBernstein Large Cap Growth - Class B Sub-Account, the FTVIP Franklin High Income - Class 2 Sub-Account, the Morgan Stanley VIS Global Advantage - Class Y Sub-Account, the Morgan Stanley VIS High Yield - Class Y Sub-Account, the Morgan Stanley VIS Income Builder - Class Y Sub-Account, the Morgan Stanley VIS Information - Class Y Sub-Account, the Morgan Stanley VIS Utilities - Class Y Sub-Account, the Putnam VT Growth and Income - Class IB Sub-Account and the Van Kampen UIF Emerging Markets Debt, Class II Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If prior to May 1, 2005, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) The Morgan Stanley VIS Information Portfolio - Class Y is scheduled to close on or about June 23, 2006, and will no longer be available as an investment alternative. Therefore, we will no longer accept new allocations to the Variable Sub-Account that invests in this Portfolio as of the closing date. Prior to the closing date, you may transfer any Contract Value in this Sub-Account to another available investment alternative. Any Contract Value remaining in the Sub-Account on the closing date will be transferred to the Morgan Stanley VIS Money Market - Class Y Sub-Account. If you are enrolled in one of our automatic transaction programs such as automatic additions, portfolio rebalancing or dollar cost averaging, the Morgan Stanley VIS Money Market - Class Y Sub-Account replace the Morgan Stanley VIS Information - Class Y Sub-Account unless you instruct us otherwise. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. (5) Effective May 1, 2006, the AIM V.I. Premier Equity Fund - Series II was reorganized into the AIM V.I. Core Equity Fund - Series II. As the AIM V.I. Premier Equity - Series II Sub-Account was closed to new investments on May 1, 2005, the AIM V.I. Core Equity - Series II Sub-Account is not available for new investments. If you are currently invested in the AIM V.I. Premier Equity - Series II Sub-Account your investment will continue in the AIM V.I. Core Equity - - Series II Sub-Account unless you instruct us otherwise. If, prior to May 1, 2005, you enrolled in one of our automatic transaction programs through the AIM V.I. Premier Equity - Series II Sub-Account, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into the AIM V.I. Core Equity - Series II Sub-Account in accordance with that program, unless you instruct us otherwise. Outside of these automatic transaction programs, additional allocations will not be allowed. (6) May 1, 2006, the Goldman Sachs VIT CORE/SM/ Small Cap Equity Fund changed its name to the Goldman Sachs VIT Structured Small Cap Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (7) May 1, 2006, the Goldman Sachs VIT CORE/SM/ U.S. Equity Fund changed its name to the Goldman Sachs VIT Structured U.S. Equity Fund. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. (8) Effective May 1, 2004, the Putnam VT Investors - Class IB Sub-Account is no longer available for new investments. If you are currently invested in this Variable Sub-Account, you may continue your investment. If prior to May 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to the Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 140 PROSPECTUS

THE ALLSTATE ADVISOR VARIABLE ANNUITIES (ADVISOR, ADVISOR PREFERRED) ALLSTATE LIFE INSURANCE COMPANY STREET ADDRESS: 2940 S. 84TH STREET, LINCOLN, NE 68506-4142 MAILING ADDRESS: P.O. BOX 80469, LINCOLN, NE 68501-0469 TELEPHONE NUMBER: 1-800-203-0068 FAX NUMBER: 1-866-628-1006 PROSPECTUS DATED MAY 1, 2006 ------------------------------------------------------------------------------- Allstate Life Insurance Company ("ALLSTATE LIFE") is offering the following individual and group flexible premium deferred variable annuity contracts (each, a "CONTRACT"): .. ALLSTATE ADVISOR .. ALLSTATE ADVISOR PREFERRED This prospectus contains information about each Contract that you should know before investing. Please keep it for future reference. Both Contracts may not be available in all states or through your sales representative. Please check with your sales representative for details. Each Contract currently offers several investment alternatives ("INVESTMENT ALTERNATIVES"). The investment alternatives include up to 3 fixed account options ("FIXED ACCOUNT OPTIONS"), depending on the Contract, and include 61* variable sub-accounts ("VARIABLE SUB-ACCOUNTS") of the Allstate Financial Advisors Separate Account I ("VARIABLE ACCOUNT"). Each Variable Sub-Account invests exclusively in shares of the following funds ("FUNDS"): FIDELITY(R) VARIABLE INSURANCE PRODUCTS (SERVICE CLASS 2) PUTNAM VARIABLE TRUST (CLASS IB) FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (CLASS STI CLASSIC VARIABLE TRUST 2) VAN KAMPEN LIFE INVESTMENT TRUST (CLASS LORD ABBETT SERIES FUND, INC. (CLASS VC) II) OPPENHEIMER VARIABLE ACCOUNT FUNDS (SERVICE SHARES) THE UNIVERSAL INSTITUTIONAL FUNDS, INC. (CLASS II) *Up to five additional Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 50 for information about Variable Sub-Account and/or Portfolio liquidations, mergers, closures and name changes. Each Fund has multiple investment Portfolios ("PORTFOLIOS"). Not all of the Funds and/or Portfolios, however, may be available with your Contract. You should check with your sales representative for further information on the availability of the Funds and/or Portfolios. Your annuity application will list all available Portfolios. WE (Allstate Life) have filed a Statement of Additional Information, dated May 1, 2006, with the Securities and Exchange Commission ("SEC"). It contains more information about each Contract and is incorporated herein by reference, which means that it is legally a part of this prospectus. Its table of contents appears on page 91 of this prospectus. For a free copy, please write or call us at the address or telephone number above, or go to the SEC's Web site (http://www.sec.gov). You can find other information and documents about us, including documents that are legally part of this prospectus, at the SEC's Web site. THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED THE SECURITIES DESCRIBED IN THIS PROSPECTUS, NOR HAS IT PASSED ON THE ACCURACY OR THE ADEQUACY OF THIS PROSPECTUS. ANYONE WHO TELLS YOU OTHERWISE IS COMMITTING A FEDERAL CRIME. IMPORTANT THE CONTRACTS MAY BE DISTRIBUTED THROUGH BROKER-DEALERS THAT HAVE RELATIONSHIPS WITH BANKS OR NOTICES OTHER FINANCIAL INSTITUTIONS OR BY EMPLOYEES OF SUCH BANKS. HOWEVER, THE CONTRACTS ARE NOT DEPOSITS IN, OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED BY, SUCH INSTITUTIONS OR ANY FEDERAL REGULATORY AGENCY. INVESTMENT IN THE CONTRACTS INVOLVES INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL. THE CONTRACTS ARE NOT FDIC INSURED. 1 PROSPECTUS

TABLE OF CONTENTS - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- OVERVIEW - -------------------------------------------------------------------------------- Important Terms 3 - -------------------------------------------------------------------------------- Overview of Contracts 5 - -------------------------------------------------------------------------------- The Contracts at a Glance 6 - -------------------------------------------------------------------------------- How the Contracts Work 11 - -------------------------------------------------------------------------------- Expense Table 12 - -------------------------------------------------------------------------------- Financial Information 21 - -------------------------------------------------------------------------------- CONTRACT FEATURES - -------------------------------------------------------------------------------- The Contracts 21 - -------------------------------------------------------------------------------- Purchases 24 - -------------------------------------------------------------------------------- Contract Value 25 - -------------------------------------------------------------------------------- Investment Alternatives 47 - -------------------------------------------------------------------------------- The Variable Sub-Accounts 47 - -------------------------------------------------------------------------------- The Fixed Account Options 51 - -------------------------------------------------------------------------------- Transfers 55 - -------------------------------------------------------------------------------- Expenses 57 - -------------------------------------------------------------------------------- Access to Your Money 63 - -------------------------------------------------------------------------------- Income Payments 64 - -------------------------------------------------------------------------------- Death Benefits 72 - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- More Information 80 - -------------------------------------------------------------------------------- Taxes 84 - -------------------------------------------------------------------------------- Annual Reports and Other Documents 90 - -------------------------------------------------------------------------------- STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS 91 - -------------------------------------------------------------------------------- APPENDIX A - CONTRACT COMPARISON CHART 92 - -------------------------------------------------------------------------------- APPENDIX B - MARKET VALUE ADJUSTMENT 93 - -------------------------------------------------------------------------------- APPENDIX C - EXAMPLE OF CALCULATION OF INCOME PROTECTION BENEFIT 95 - -------------------------------------------------------------------------------- APPENDIX D-WITHDRAWAL ADJUSTMENT EXAMPLE-INCOME BENEFITS 96 - -------------------------------------------------------------------------------- APPENDIX E-WITHDRAWAL ADJUSTMENT EXAMPLE-DEATH BENEFITS 97 - -------------------------------------------------------------------------------- APPENDIX F-CALCULATION OF EARNINGS PROTECTION DEATH BENEFIT 98 - -------------------------------------------------------------------------------- APPENDIX G- WITHDRAWAL ADJUSTMENT EXAMPLE-TRUERETURN ACCUMULATION BENEFIT 101 - -------------------------------------------------------------------------------- APPENDIX H-SUREINCOME WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 102 - -------------------------------------------------------------------------------- APPENDIX I - SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 104 - -------------------------------------------------------------------------------- APPENDIX J - SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES 107 - -------------------------------------------------------------------------------- APPENDIX K-ACCUMULATION UNIT VALUES 111 - -------------------------------------------------------------------------------- 2 PROSPECTUS

IMPORTANT TERMS - -------------------------------------------------------------------------------- This prospectus uses a number of important terms that you may not be familiar with. The index below identifies the page that describes each term. The first use of each term in this prospectus appears in highlights. PAGE - -------------------------------------------------------------------------------- AB Factor 26 - -------------------------------------------------------------------------------- Accumulation Benefit 26 - -------------------------------------------------------------------------------- Accumulation Phase 11 - -------------------------------------------------------------------------------- Accumulation Unit 25 - -------------------------------------------------------------------------------- Accumulation Unit Value 25 - -------------------------------------------------------------------------------- Allstate Life ("We") 80 - -------------------------------------------------------------------------------- Annuitant 22 - -------------------------------------------------------------------------------- Automatic Additions Program 24 - -------------------------------------------------------------------------------- Automatic Portfolio Rebalancing Program 57 - -------------------------------------------------------------------------------- Beneficiary 23 - -------------------------------------------------------------------------------- Benefit Base (for the TrueReturn Accumulation Benefit Option) 27 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome Withdrawal Benefit Option) 34 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome Plus Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Benefit Base (for the SureIncome For Life Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome Withdrawal Benefit Option) 34 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome Plus Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Benefit Payment (for the SureIncome For Life Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome Withdrawal Benefit Option) 34 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome Plus Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Benefit Payment Remaining (for the SureIncome For Life Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome Withdrawal Benefit Option) 34 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome Plus Withdrawal Benefit Option) 37 - -------------------------------------------------------------------------------- Benefit Year (for the SureIncome For Life Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Co-Annuitant 22 - -------------------------------------------------------------------------------- *Contract 81 - -------------------------------------------------------------------------------- Contract Anniversary 8 - -------------------------------------------------------------------------------- Contract Owner ("You") 21 - -------------------------------------------------------------------------------- Contract Value 25 - -------------------------------------------------------------------------------- Contract Year 8 - -------------------------------------------------------------------------------- Dollar Cost Averaging Program 57 - -------------------------------------------------------------------------------- Due Proof of Death 73 - -------------------------------------------------------------------------------- Earnings Protection Death Benefit Option 74 - -------------------------------------------------------------------------------- Enhanced Beneficiary Protection (Annual Increase) Option 74 - -------------------------------------------------------------------------------- Excess of Earnings Withdrawal 75 - -------------------------------------------------------------------------------- Fixed Account Options 51 - -------------------------------------------------------------------------------- Free Withdrawal Amount 61 - -------------------------------------------------------------------------------- Funds 1 - -------------------------------------------------------------------------------- PAGE - -------------------------------------------------------------------------------- Guarantee Period Accounts 52 - -------------------------------------------------------------------------------- Guarantee Option 26 - -------------------------------------------------------------------------------- Income Base 71 - -------------------------------------------------------------------------------- Income Plan 64 - -------------------------------------------------------------------------------- Income Protection Benefit Option 67 - -------------------------------------------------------------------------------- In-Force Earnings 75 - -------------------------------------------------------------------------------- In-Force Premium 75 - -------------------------------------------------------------------------------- Investment Alternatives 47 - -------------------------------------------------------------------------------- IRA Contract 8 - -------------------------------------------------------------------------------- Issue Date 11 - -------------------------------------------------------------------------------- Market Timing and Excessive Trading 55 - -------------------------------------------------------------------------------- Market Value Adjustment 53 - -------------------------------------------------------------------------------- Maximum Anniversary Value (MAV) Death Benefit Option 73 - -------------------------------------------------------------------------------- Payout Phase 11 - -------------------------------------------------------------------------------- Payout Start Date 64 - -------------------------------------------------------------------------------- Payout Withdrawal 66 - -------------------------------------------------------------------------------- Portfolios 80 - -------------------------------------------------------------------------------- Qualified Contract 78 - -------------------------------------------------------------------------------- Retirement Income Guarantee Options 70 - -------------------------------------------------------------------------------- Return of Premium (ROP") Death Benefit 73 - -------------------------------------------------------------------------------- Rider Anniversary 25 - -------------------------------------------------------------------------------- Rider Application Date 7 - -------------------------------------------------------------------------------- Rider Date (for the TrueReturn Accumulation Benefit Option) 26 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome Withdrawal Benefit Option) 34 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome Plus Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Rider Date (for the SureIncome For Life Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Rider Fee (for the TrueReturn Accumulation Benefit Option) 27 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome Withdrawal Benefit Option) 35 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Rider Fee (for the SureIncome For Life Withdrawal Benefit Option) 42 - -------------------------------------------------------------------------------- Rider Fee Percentage 33 - -------------------------------------------------------------------------------- Rider Maturity Date 25 - -------------------------------------------------------------------------------- Rider Period 26 - -------------------------------------------------------------------------------- Rider Trade-In Option (for the TrueReturn Accumulation Benefit Option) 32 - -------------------------------------------------------------------------------- Rider Trade-In Option (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Right to Cancel 24 - -------------------------------------------------------------------------------- SEC 1 - -------------------------------------------------------------------------------- Settlement Value 73 - -------------------------------------------------------------------------------- Spousal Protection Benefit (Co-Annuitant) Option 22 - -------------------------------------------------------------------------------- 3 PROSPECTUS

- -------------------------------------------------------------------------------- Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts 22 - -------------------------------------------------------------------------------- Standard Fixed Account Option 52 - -------------------------------------------------------------------------------- SureIncome Covered Life 41 - -------------------------------------------------------------------------------- SureIncome Option Fee 7 - -------------------------------------------------------------------------------- SureIncome Plus Option 37 - -------------------------------------------------------------------------------- SureIncome Plus Option Fee 7 - -------------------------------------------------------------------------------- SureIncome Plus Withdrawal Benefit Option 37 - -------------------------------------------------------------------------------- SureIncome For Life Option 41 - -------------------------------------------------------------------------------- SureIncome For Life Option Fee 7 - -------------------------------------------------------------------------------- SureIncome For Life Withdrawal Benefit Option 41 - -------------------------------------------------------------------------------- SureIncome ROP Death Benefit 73 - -------------------------------------------------------------------------------- SureIncome Withdrawal Benefit Option 34 - -------------------------------------------------------------------------------- Systematic Withdrawal Program 63 - -------------------------------------------------------------------------------- Tax Qualified Contract 87 - -------------------------------------------------------------------------------- Transfer Period Accounts 55 - -------------------------------------------------------------------------------- Trial Examination Period 24 - -------------------------------------------------------------------------------- TrueReturn /SM/ Accumulation Benefit Option 25 - -------------------------------------------------------------------------------- Unemployment Compensation 62 - -------------------------------------------------------------------------------- Valuation Date 24 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Variable Account 80 - -------------------------------------------------------------------------------- Variable Sub-Account 47 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome Withdrawal Benefit Option) 34 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome Plus Withdrawal Benefit Option) 38 - -------------------------------------------------------------------------------- Withdrawal Benefit Factor (for the SureIncome for Life Withdrawal Benefit Option) 41 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Phase (for the SureIncome for Life Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome Withdrawal Benefit Option) 36 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome Plus Withdrawal Benefit Option) 39 - -------------------------------------------------------------------------------- Withdrawal Benefit Payout Start Date (for the SureIncome for Life Withdrawal Benefit Option) 43 - -------------------------------------------------------------------------------- Withdrawal Benefit Option 34 - -------------------------------------------------------------------------------- Withdrawal Benefit Option Fee 59 - -------------------------------------------------------------------------------- * In certain states a Contract may be available only as a group Contract. If you purchase a group Contract, we will issue you a certificate that represents your ownership and that summarizes the provisions of the group Contract. References to "Contract" in this prospectus include certificates, unless the context requires otherwise. References to "Contract" also include both Contracts listed on the cover page of this prospectus, unless otherwise noted. However, we administer each Contract separately. 4 PROSPECTUS

OVERVIEW OF CONTRACTS - -------------------------------------------------------------------------------- The Contracts offer many of the same basic features and benefits. They differ primarily with respect to the charges imposed, as follows: .. The ALLSTATE ADVISOR CONTRACT has a mortality and expense risk charge of 1.10%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 7-year withdrawal charge period; .. The ALLSTATE ADVISOR PREFERRED CONTRACT WITH 5-YEAR WITHDRAWAL CHARGE OPTION ("Package III") has a mortality and expense risk charge of 1.40%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 5-year withdrawal charge period; .. The ALLSTATE ADVISOR PREFERRED CONTRACT WITH 3-YEAR WITHDRAWAL CHARGE OPTION ("Package II") has a mortality and expense risk charge of 1.50%, an administrative expense charge of 0.19%*, and a withdrawal charge of up to 7% with a 3-year withdrawal charge period; and .. The ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION ("Package I") has a mortality and expense risk charge of 1.60%, an administrative expense charge of 0.19%*, and no withdrawal charges. Other differences between the Contracts relate to available Fixed Account Options. For a side-by-side comparison of these differences, please refer to Appendix A of this prospectus. * The administrative expense charge may be increased, but will never exceed 0.35%. Once your Contract is issued, we will not increase the administrative expense charge for your Contract. 5 PROSPECTUS

THE CONTRACTS AT A GLANCE - -------------------------------------------------------------------------------- The following is a snapshot of the Contracts. Please read the remainder of this prospectus for more information. FLEXIBLE PAYMENTS You can purchase each Contract with as little as $10,000 ($2,000 for Contracts issued with an IRA or TSA). You can add to your Contract as often and as much as you like, but each subsequent payment must be at least $1,000 ($50 for automatic payments). We reserve the right to accept a lesser initial purchase payment amount for each Contract. We may limit the cumulative amount of purchase payments to a maximum of $1,000,000 in any Contract. - --------------------------------------------------------------------------------------- TRIAL EXAMINATION PERIOD You may cancel your Contract within 20 days of receipt or any longer period as your state may require ("TRIAL EXAMINATION PERIOD"). Upon cancellation, we will return your purchase payments adjusted, to the extent federal or state law permits, to reflect the investment experience of any amounts allocated to the Variable Account, including the deduction of mortality and expense risk charges and administrative expense charges. See "Trial Examination Period" for details. - --------------------------------------------------------------------------------------- EXPENSES Each Portfolio pays expenses that you will bear indirectly if you invest in a Variable Sub-Account. You also will bear the following expenses: ALLSTATE ADVISOR CONTRACTS .Annual mortality and expense risk charge equal to 1.10% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. ALLSTATE ADVISOR PREFERRED CONTRACTS (WITH 5-YEAR WITHDRAWAL CHARGE OPTION) .Annual mortality and expense risk charge equal to 1.40% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. ALLSTATE ADVISOR PREFERRED CONTRACTS (WITH 3-YEAR WITHDRAWAL CHARGE OPTION) .Annual mortality and expense risk charge equal to 1.50% of average daily net assets. .Withdrawal charges ranging from 0% to 7% of purchase payments withdrawn. 6 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS (WITH NO WITHDRAWAL CHARGE OPTION) .Annual mortality and expense risk charge equal to 1.60% of average daily net assets. . No withdrawal charge. ALL CONTRACTS .Annual administrative expense charge of 0.19% (up to 0.35% for future Contracts). .Annual contract maintenance charge of $30 (waived in certain cases). .If you select the MAXIMUM ANNIVERSARY VALUE (MAV) DEATH BENEFIT OPTION ("MAV DEATH BENEFIT OPTION") you will pay an additional mortality and expense risk charge of 0.20% (up to 0.30% for Options added in the future). . If you select ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, you will pay an additional mortality and expense risk charge of 0.30%. .If you select the EARNINGS PROTECTION DEATH BENEFIT OPTION you will pay an additional mortality and expense risk charge of 0.25% or 0.40% (up to 0.35% or 0.50% for Options added in the future) depending on the age of the oldest Owner and oldest Annuitant on the date we receive the completed application or request to add the benefit, whichever is later ("RIDER APPLICATION DATE"). . If you select the TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION ("TRUERETURN OPTION") you will pay an additional annual fee ("RIDER FEE") of 0.50% (up to 1.25% for Options added in the future) of the BENEFIT BASE in effect on each Contract Anniversary ("CONTRACT ANNIVERSARY") during the Rider Period. You may not select the TrueReturn Option together with a Retirement Income Guarantee Option or any Withdrawal Benefit Option. .We discontinued offering the SUREINCOME WITHDRAWAL BENEFIT OPTION ("SUREINCOME OPTION") as of May 1, 2006, except in a limited number of states. If you elected the SureIncome Option prior to May 1, 2006, you would pay an additional annual fee ("SUREINCOME OPTION FEE") of 0.50% of the BENEFIT BASE on each Contract Anniversary (see the SureIncome Option Fee section). You may not select the SureIncome Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .If you select the SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION ("SUREINCOME PLUS OPTION") you would pay an additional annual fee ("SUREINCOME PLUS OPTION FEE") of 0.65% (up to 1.25% for Options added in the future) of the BENEFIT BASE on each Contract Anniversary (see the SureIncome Plus Option Fee section). You may not select the SureIncome Plus Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. .If you select the SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION ("SUREINCOME FOR LIFE OPTION") you would pay an additional annual fee ("SUREINCOME FOR LIFE OPTION FEE") of 0.65% (up to 1.25% for Options added in the future) of the BENEFIT BASE on each Contract Anniversary (see the SureIncome For Life Option Fee section). You may not select the SureIncome For Life Option together with a Retirement Income Guarantee Option, a TrueReturn Option or any other Withdrawal Benefit Option. 7 PROSPECTUS

.We discontinued offering the RETIREMENT INCOME GUARANTEE OPTION 1 ("RIG 1") as of January 1, 2004. If you selected RIG 1 prior to January 1, 2004, you will pay an additional annual fee ("Rider Fee") of 0.40% of the INCOME BASE in effect on a Contract Anniversary. .We discontinued offering the RETIREMENT INCOME GUARANTEE OPTION 2 ("RIG 2") as of January 1, 2004. If you selected RIG 2 prior to January 1, 2004, you will pay an additional annual Rider Fee of 0.55% of the INCOME BASE in effect on a Contract Anniversary. .If you select the INCOME PROTECTION BENEFIT OPTION you will pay an additional mortality and expense risk charge of 0.50% (up to 0.75% for Options added in the future) during the Payout Phase of your Contract. .If you select the SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION or SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS ("CSP") you would pay an additional annual fee ("RIDER FEE") of 0.10%* (up to 0.15% for Options added in the future) of the Contract value ("CONTRACT VALUE") on each Contract Anniversary. These Options are only available for certain types of IRA Contracts, which are Contracts issued with an Individual Retirement Annuity or Account ("IRA") under Section 408 of the Internal Revenue Code. The CSP is only available for certain Custodial Individual Retirement Accounts established under Section 408 of the Internal Revenue Code. For Contracts purchased on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option at any time prior to the time you elect to receive it. *NO RIDER FEE WAS CHARGED FOR THESE OPTIONS FOR CONTRACT OWNERS WHO ADDED THESE OPTIONS PRIOR TO JANUARY 1, 2005. SEE PAGE 13 FOR DETAILS. .Transfer fee equal to 1.00% (subject to increase to up to 2.00%) of the amount transferred after the 12/th/ transfer in any Contract year ("CONTRACT YEAR"), which we measure from the date we issue your Contract or a Contract Anniversary. . State premium tax (if your state imposes one) WE MAY DISCONTINUE OFFERING ANY OF THESE OPTIONS AT ANY TIME PRIOR TO THE TIME YOU ELECT TO RECEIVE IT. - --------------------------------------------------------------------------------------- 8 PROSPECTUS

INVESTMENT ALTERNATIVES Each Contract offers several investment alternatives including: . up to 3 Fixed Account Options that credit interest at rates we guarantee, and .61* Variable Sub-Accounts investing in Portfolios offering professional money management by these investment advisers: . Fidelity Management & Research Company . Franklin Advisers, Inc. . Franklin Advisory Services, LLC . Franklin Mutual Advisers, LLC . Lord, Abbett & Co. LLC . OppenheimerFunds, Inc. . Putnam Investment Management, LLC . Templeton Asset Management Ltd. . Templeton Investment Counsel, LLC . Trusco Capital Management, Inc. . Van Kampen Asset Management . Van Kampen** * Up to five additional Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 50 for information about Sub-Account and/or Portfolio liquidations, mergers, closures and name changes. **Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. NOT ALL FIXED ACCOUNT OPTIONS ARE AVAILABLE IN ALL STATES OR WITH ALL CONTRACTS. To find out current rates being paid on the Fixed Account Option(s), or to find out how the Variable Sub-Accounts have performed, please call us at 1-800-203-0068. - --------------------------------------------------------------------------------------- SPECIAL SERVICES For your convenience, we offer these special services: . AUTOMATIC PORTFOLIO REBALANCING PROGRAM . AUTOMATIC ADDITIONS PROGRAM . DOLLAR COST AVERAGING PROGRAM . SYSTEMATIC WITHDRAWAL PROGRAM - --------------------------------------------------------------------------------------- 9 PROSPECTUS

INCOME PAYMENTS You can choose fixed income payments, variable income payments, or a combination of the two. You can receive your income payments in one of the following ways (you may select more than one income plan): . life income with guaranteed number of payments . joint and survivor life income with guaranteed number of payments . guaranteed number of payments for a specified period . life income with cash refund . joint life income with cash refund . life income with installment refund . joint life income with installment refund Prior to January 1, 2004, Allstate Life also offered two Retirement Income Guarantee Options that guarantee a minimum amount of fixed income payments you can receive if you elect to receive income payments. In addition, we offer an Income Protection Benefit Option that guarantees that your variable income payments will not fall below a certain level. DEATH BENEFITS If you, the Annuitant, or Co-Annuitant die before the Payout Start Date, we will pay a death benefit subject to the conditions described in the Contract. In addition to the death benefit included in your Contract ("RETURN OF PREMIUM DEATH BENEFIT" or "ROP DEATH BENEFIT"), the death benefit options we currently offer include: . MAV DEATH BENEFIT OPTION; .ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION; and . EARNINGS PROTECTION DEATH BENEFIT OPTION The SureIncome Plus Option and SureIncome For Life Option also include a death benefit option, the SureIncome Return of Premium Death Benefit, ("SUREINCOME ROP DEATH BENEFIT"). - --------------------------------------------------------------------------------------- TRANSFERS Before the Payout Start Date, you may transfer your Contract Value among the investment alternatives, with certain restrictions. The minimum amount you may transfer is $100 or the amount remaining in the investment alternative, if less. The minimum amount that can be transferred into the Standard Fixed Account or Market Value Adjusted Account Options is $100. A charge may apply after the 12/th/ transfer in each Contract Year. See page 56 for information about short term trading fees. - --------------------------------------------------------------------------------------- WITHDRAWALS You may withdraw some or all of your Contract Value at any time during the Accumulation Phase and during the Payout Phase in certain cases. In general, you must withdraw at least $50 at a time. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. A withdrawal charge and a MARKET VALUE ADJUSTMENT may also apply. If any withdrawal reduces your Contract Value to less than $1,000, we will treat the request as a withdrawal of the entire Contract Value unless the SureIncome Withdrawal Benefit Option is in effect under your Contract. Your Contract will terminate if you withdraw all of your Contract Value. 10 PROSPECTUS

HOW THE CONTRACTS WORK - -------------------------------------------------------------------------------- Each Contract basically works in two ways. First, each Contract can help you (we assume you are the "CONTRACT OWNER") save for retirement because you can invest in your Contract's investment alternatives and generally pay no federal income taxes on any earnings until you withdraw them. You do this during what we call the "ACCUMULATION PHASE" of the Contract. The Accumulation Phase begins on the date we issue your Contract (we call that date the "ISSUE DATE") and continues until the Payout Start Date, which is the date we apply your money to provide income payments. During the Accumulation Phase, you may allocate your purchase payments to any combination of the Variable Sub-Accounts and/or Fixed Account Options. If you invest in a Fixed Account Option, you will earn a fixed rate of interest that we declare periodically. If you invest in any of the Variable Sub-Accounts, your investment return will vary up or down depending on the performance of the corresponding Portfolios. Second, each Contract can help you plan for retirement because you can use it to receive retirement income for life and/ or for a pre-set number of years, by selecting one of the income payment options (we call these "INCOME PLANS") described on page 64. You receive income payments during what we call the "PAYOUT PHASE" of the Contract, which begins on the Payout Start Date and continues until we make the last payment required by the Income Plan you select. During the Payout Phase, if you select a fixed income payment option, we guarantee the amount of your payments, which will remain fixed. If you select a variable income payment option, based on one or more of the Variable Sub-Accounts, the amount of your payments will vary up or down depending on the performance of the corresponding Portfolios. The amount of money you accumulate under your Contract during the Accumulation Phase and apply to an Income Plan will determine the amount of your income payments during the Payout Phase. The timeline below illustrates how you might use your Contract. Issue Payout Start Date Accumulation Phase Date Payout Phase - ------------------------------------------------------------------------------------------------------------> You buy You save for retirement You elect to receive You can receive Or you can receive a Contract income payments or income payments income payments receive a lump sum for a set period for life payment Other income payment options are also available. See "INCOME PAYMENTS." As the Contract Owner, you exercise all of the rights and privileges provided by the Contract. If you die, any surviving Contract Owner or, if there is none, the BENEFICIARY will exercise the rights and privileges provided by the Contract. See "The Contracts." In addition, if you die before the Payout Start Date, we will pay a death benefit to any surviving Contract Owner or, if there is none, to your Beneficiary. See "Death Benefits." Please call us at 1-800-203-0068 if you have any question about how the Contracts work. 11 PROSPECTUS

EXPENSE TABLE - -------------------------------------------------------------------------------- The table below lists the expenses that you will bear directly or indirectly when you buy a Contract. The table and the examples that follow do not reflect premium taxes that may be imposed by the state where you reside. For more information about Variable Account expenses, see "Expenses," below. For more information about Portfolio expenses, please refer to the prospectuses for the Portfolios. CONTRACT OWNER TRANSACTION EXPENSES Withdrawal Charge (as a percentage of purchase payments withdrawn)/* / Number of Complete Years Since We Received the Purchase Payment Being Withdrawn/Applicable Charge: - ------------------------------------------------------------------------------------------------------------------------------------ Contract: 0 1 2 3 4 5 6 7 7+ Allstate Advisor 7% 7% 6% 5% 4% 3% 2% 0% 0% Allstate Advisor Preferred with: 5-Year Withdrawal Charge Option 7% 6% 5% 4% 3% 0% 3-Year Withdrawal Charge Option 7% 6% 5% 0% No Withdrawal Charge Option None All Contracts: - ------------------------------------------------------------------------------------------------------------------------------------ Annual Contract Maintenance Charge $30** Transfer Fee up to 2.00% of the amount transferred*** * Each Contract Year, you may withdraw a portion of your purchase payments (and/or your earnings, in the case of Charitable Remainder Trusts) without incurring a withdrawal charge ("Free Withdrawal Amount"). See "Withdrawal Charges" for more information. ** / /Waived in certain cases. See "Expenses." *** Applies solely to the 13th and subsequent transfers within a Contract Year, excluding transfers due to dollar cost averaging and automatic portfolio rebalancing. We are currently assessing a transfer fee of 1.00% of the amount transferred, however, we reserve the right to raise the transfer fee to up to 2.00% of the amount transferred. VARIABLE ACCOUNT ANNUAL EXPENSES (AS A PERCENTAGE OF AVERAGE DAILY NET ASSET VALUE DEDUCTED FROM EACH VARIABLE SUB-ACCOUNT) If you select the basic Contract without any optional benefits, your Variable Account expenses would be as follows: Mortality and Expense Risk Administrative Basic Contract (without any optional benefit) Charge Expense Charge* - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor 1.10% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (5- year Withdrawal Charge Option) 1.40% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (3- year Withdrawal Charge Option) 1.50% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (No Withdrawal Charge Option) 1.60% 0.19% - ---------------------------------------------------------------------------------------------------------------------------------- Total Variable Account Basic Contract (without any optional benefit) Annual Expense - ------------------------------------------------------------------------------------------------------ Allstate Advisor 1.29% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (5- year Withdrawal Charge Option) 1.59% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (3- year Withdrawal Charge Option) 1.69% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (No Withdrawal Charge Option) 1.79% - ------------------------------------------------------------------------------------------------------ *We reserve the right to raise the administrative expense charge to 0.35%. However, we will not increase the charge once we issue your Contract. Each Contract also offers optional riders that may be added to the Contract. For each optional rider you select, you would pay the following additional mortality and expense risk charge associated with each rider. MAV Death Benefit Option 0.20% (up to 0.30% for Options added in the future) Enhanced Beneficiary Protection (Annual Increase) 0.30% Option Earnings Protection Death Benefit Option (issue 0.25% (up to 0.35% for Options added in age 0-70) the future) Earnings Protection Death Benefit Option (issue 0.40% (up to 0.50% for Options added in age 71-79) the future) 12 PROSPECTUS

If you select the Options with the highest possible combination of mortality and expense risk charges, your Variable Account expenses would be as follows, assuming current expenses: Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, and Earnings Mortality and Expense Administrative Protection Death Benefit Option (issue age 71-79) Risk Charge* Expense Charge* - ----------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor 2.00% 0.19% - ----------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (5- year Withdrawal Charge Option) 2.30% 0.19% - ----------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (3- year Withdrawal Charge Option) 2.40% 0.19% - ----------------------------------------------------------------------------------------------------------------------------------- Allstate Advisor Preferred (No Withdrawal Charge Option) 2.50% 0.19% - ----------------------------------------------------------------------------------------------------------------------------------- Contract with the MAV Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option, and Earnings Total Variable Account Protection Death Benefit Option (issue age 71-79) Annual Expense - ------------------------------------------------------------------------------------------------------ Allstate Advisor 2.19% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (5- year Withdrawal Charge Option) 2.49% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (3- year Withdrawal Charge Option) 2.59% - ------------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (No Withdrawal Charge Option) 2.69% - ------------------------------------------------------------------------------------------------------ *As described above the administrative expense charge and the mortality and expense charge for certain Options may be higher for future Contracts. However, we will not increase the administrative expense charge once we issue your Contract, and we will not increase the charge for an Option once we add the Option to your Contract. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) TrueReturn/SM/ Accumulation Benefit Option 0.50%* - ------------------------------------------------------------------------------- *Up to 1.25% for TrueReturn Options added in the future. See "TrueReturn/SM/ Accumulation Benefit Option" for details. SUREINCOME WITHDRAWAL BENEFIT OPTION FEE* (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) SureIncome Withdrawal Benefit Option 0.50%** - -------------------------------------------------------------------------------- *Effective May 1, 2006, we ceased offering the SureIncome Option except in a limited number of states. **Up to 1.25% for SureIncome Options added in the future. See "SureIncome Withdrawal Benefit Option" for details. SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) SureIncome Plus Withdrawal Benefit Option 0.65%* - ------------------------------------------------------------------------------- *Up to 1.25% for SureIncome Plus Options added in the future. See "SureIncome Plus Withdrawal Benefit Option" for details. SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION FEE (ANNUAL RATE AS A PERCENTAGE OF BENEFIT BASE ON A CONTRACT ANNIVERSARY) SureIncome For Life Withdrawal Benefit Option 0.65%* - ------------------------------------------------------------------------------- *Up to 1.25% for SureIncome For Life Options added in the future. See "SureIncome For Life Withdrawal Benefit Option" for details. RETIREMENT INCOME GUARANTEE OPTION FEE* (ANNUAL RATE AS A PERCENTAGE OF INCOME BASE ON A CONTRACT ANNIVERSARY) RIG 1 0.40% - ----------------------------------------------------------------------------- RIG 2 0.55% - ----------------------------------------------------------------------------- * We discontinued offering the Retirement Income Guarantee Option as of January 1, 2004. Fees shown apply to owners who selected the option prior to January 1, 2004. 13 PROSPECTUS

SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FEE (AS A PERCENTAGE OF CONTRACT VALUE ON EACH CONTRACT ANNIVERSARY) Spousal Protection Benefit (Co-Annuitant) Option 0.10%* - ------------------------------------------------------------------------ * Applies to Contract Owners who select the option on or after January 1, 2005. Up to 0.15% for options added in the future. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS FEE (AS A PERCENTAGE OF CONTRACT VALUE ON EACH CONTRACT ANNIVERSARY) Spousal Protection Benefit (Co-Annuitant) Option for Custodial 0.10%* Individual Retirement Accounts - ------------------------------------------------------------------------ * Applies to Contract Owners who select the option on or after January 1, 2005. Up to 0.15% for options added in the future. If you select the Spousal Protection Benefit (Co-Annuitant) Option or Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts on or after January 1, 2005, you will pay a Rider Fee at the annual rate of 0.10% of the Contract Value on each Contract Anniversary. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. If you selected either of these Options prior to January 1, 2005, there is no charge associated with your Option. See "Spousal Protection Benefit {Co-Annuitant) Option Fee and Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts Fee" for details. INCOME PROTECTION BENEFIT OPTION (AS A PERCENTAGE OF THE AVERAGE DAILY NET VARIABLE ACCOUNT ASSETS SUPPORTING THE VARIABLE INCOME PAYMENTS TO WHICH THE OPTION APPLIES) Income Protection Benefit Option 0.50%* - ------------------------------------------------------------- *The charge for the Income Protection Benefit Option applies during the Payout Phase. We reserve the right to raise the charge to up to 0.75% for Options added in the future. See "Income Payments - Income Protection Benefit Option" for details. 14 PROSPECTUS

PORTFOLIO ANNUAL EXPENSES - MINIMUM AND MAXIMUM The next table shows the minimum and maximum total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Contract. Advisers and/or other service providers of certain Portfolios may have agreed to waive their fees and/or reimburse Portfolio expenses in order to keep the Portfolios' expenses below specified limits. The range of expenses shown in this table does not show the effect of any such fee waiver or expense reimbursement. More detail concerning each Portfolio's fees and expenses appears in the second table below and in the prospectus for each Portfolio. ANNUAL PORTFOLIO EXPENSES - ---------------------------------------------------------------------------------- Minimum Maximum - ---------------------------------------------------------------------------------- Total Annual Portfolio Operating Expenses/(1)/ (expenses that are deducted from Portfolio assets, which may include management fees, distribution and/or services (12b-1) fees, 0.35% 4.97% and other expenses) - ---------------------------------------------------------------------------------- PORTFOLIO ANNUAL EXPENSES - FULL TABLE (1) The next table shows the Portfolio operating expenses for each Portfolio available under the Contract. These expenses may vary from year to year. Advisers and/or other service providers of certain Portfolios have agreed to waive their fees and/or other Portfolio expenses in order to keep the Portfolio's expenses below specified limits. The expenses shown in the table below do not show the effect of any such fee waiver or expense reimbursement. All fee waiver and expense reimbursements are described in the footnotes to the table. More detail concerning each Portfolio's fees and expenses appears in the prospectus for each Portfolio. Total Rule Portfolio Management 12b-1 Other Annual Portfolio Fees Fees Expenses Expenses - ------------------------------------------------------------------------------- STI Classic Capital Appreciation 0.97% N/A 0.25% 1.22% Fund(2) - ------------------------------------------------------------------------------- STI Classic Large Cap Relative 0.85% N/A 0.26% 1.11% Value Fund(2) - ------------------------------------------------------------------------------- STI Classic International Equity 1.15% N/A 3.82% 4.97% Fund(2) - ------------------------------------------------------------------------------- STI Classic Investment Grade Bond 0.50% N/A 0.38% 0.88% Fund(2) - ------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Fund(2) 1.00% N/A 0.36% 1.36% - ------------------------------------------------------------------------------- STI Classic Small Cap Value Equity 1.15% N/A 0.19% 1.34% Fund(2) - ------------------------------------------------------------------------------- STI Classic Large Cap Value Equity 0.80% N/A 0.15% 0.95% Fund(2) - ------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) 0.57% 0.25% 0.09% 0.91% Portfolio - Service Class 2(3) - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 Portfolio N/A 0.25% N/A 0.86% - - Service Class 2(4) - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 Portfolio N/A 0.25% N/A 0.93% - - Service Class 2(4) - ------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 Portfolio N/A 0.25% N/A 0.97% - - Service Class 2(4) - ------------------------------------------------------------------------------- Fidelity VIP Freedom Income N/A 0.25% N/A 0.72% Portfolio - Service Class 2(4) - ------------------------------------------------------------------------------- Fidelity VIP Growth Stock Portfolio 0.57% 0.25% 0.69% 1.51% - - Service Class 2(5,6,8) - ------------------------------------------------------------------------------- Fidelity VIP Index 500 Portfolio - 0.10% 0.25% N/A 0.35% Service Class 2(7,8) - ------------------------------------------------------------------------------- Fidelity VIP Mid Cap Portfolio - 0.57% 0.25% 0.12% 0.94% Service Class 2(4) - ------------------------------------------------------------------------------- FTVIP Franklin Growth and Income 0.48% 0.25% 0.03% 0.76% Securities Fund - Class 2(9,10) - ------------------------------------------------------------------------------- FTVIP Franklin Income Securities 0.46% 0.25% 0.02% 0.73% Fund - Class 2(9,10) - ------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth 0.73% 0.25% 0.03% 1.01% Securities Fund - Class 2(9,10) - ------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value 0.52% 0.25% 0.17% 0.94% Securities Fund - Class 2(10,11) - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Government Fund 0.49% 0.25% 0.03% 0.77% - - Class 2 (9,10) - ------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities 0.80% 0.25% 0.23% 1.28% Fund - Class 2(10) - ------------------------------------------------------------------------------- FTVIP Mutual Shares Securities Fund 0.60% 0.25% 0.18% 1.03% - - Class 2(10) - ------------------------------------------------------------------------------- FTVIP Templeton Developing Markets 1.24% 0.25% 0.29% 1.78% Securities Fund - Class 2 - ------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities 0.65% 0.25% 0.17% 1.07% Fund - Class 2(11) - ------------------------------------------------------------------------------- Lord Abbett Series Fund - All Value 0.75% N/A 1.00% 1.75% Portfolio(12,14) - ------------------------------------------------------------------------------- Lord Abbett Series Fund - 0.50% N/A 0.44% 0.94% Bond-Debenture Portfolio(12,13) - ------------------------------------------------------------------------------- 15 PROSPECTUS

Lord Abbett Series Fund - Growth 0.48% N/A 0.41% 0.89% and Income Portfolio(13) - ------------------------------------------------------------------------------- Lord Abbett Series Fund - Growth 0.80% N/A 0.62% 1.42% Opportunities Portfolio(12) - ------------------------------------------------------------------------------- Lord Abbett Series Fund - Mid-Cap 0.74% N/A 0.38% 1.12% Value Portfolio(14) - ------------------------------------------------------------------------------- Oppenheimer MidCap Fund/VA - 0.67% 0.25% 0.05% 0.97% Service Shares (15) - ------------------------------------------------------------------------------- Oppenheimer Balanced Fund/VA - 0.72% 0.25% 0.03% 1.00% Service Shares - ------------------------------------------------------------------------------- Oppenheimer Core Bond Fund/VA - 0.73% 0.25% 0.05% 1.03% Service Shares - ------------------------------------------------------------------------------- Oppenheimer Capital Appreciation 0.64% 0.25% 0.02% 0.91% Fund/VA - Service Shares - ------------------------------------------------------------------------------- Oppenheimer Global Securities 0.63% 0.25% 0.04% 0.92% Fund/VA - Service Shares - ------------------------------------------------------------------------------- Oppenheimer High Income Fund/VA - 0.72% 0.25% 0.03% 1.00% Service Shares - ------------------------------------------------------------------------------- Oppenheimer Main Street Fund(R)/VA 0.65% 0.25% 0.01% 0.91% - - Service Shares - ------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap 0.74% 0.25% 0.05% 1.04% Fund(R)/VA - Service Shares - ------------------------------------------------------------------------------- Oppenheimer Strategic Bond Fund/VA 0.69% 0.25% 0.02% 0.96% - - Service Shares - ------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of 0.62% 0.25% 0.10% 0.97% Boston - Class IB - ------------------------------------------------------------------------------- Putnam VT Global Asset Allocation 0.70% 0.25% 0.20% 1.15% Fund - Class IB - ------------------------------------------------------------------------------- Putnam VT Growth and Income Fund - 0.49% 0.25% 0.05% 0.79% Class IB - ------------------------------------------------------------------------------- Putnam VT Health Sciences Fund - 0.70% 0.25% 0.11% 1.06% Class IB (16) - ------------------------------------------------------------------------------- Putnam VT High Yield Fund - Class 0.68% 0.25% 0.09% 1.02% IB(17) - ------------------------------------------------------------------------------- Putnam VT Income Fund - Class 0.61% 0.25% 0.10% 0.96% IB(17) - ------------------------------------------------------------------------------- Putnam VT International Equity Fund 0.75% 0.25% 0.18% 1.18% - - Class IB - ------------------------------------------------------------------------------- Putnam VT Investors Fund - Class IB 0.65% 0.25% 0.10% 1.00% - ------------------------------------------------------------------------------- Putnam VT Money Market Fund - Class 0.45% 0.25% 0.11% 0.81% IB(17) - ------------------------------------------------------------------------------- Putnam VT New Opportunities Fund - 0.61% 0.25% 0.05% 0.91% Class IB (16) - ------------------------------------------------------------------------------- Putnam VT New Value Fund - Class IB 0.68% 0.25% 0.08% 1.01% - ------------------------------------------------------------------------------- Putnam VT Research Fund - Class IB 0.65% 0.25% 0.14% 1.04% (16) - ------------------------------------------------------------------------------- Putnam VT Utilities Growth and 0.70% 0.25% 0.14% 1.09% Income Fund - Class IB (16) - ------------------------------------------------------------------------------- Putnam VT Vista Fund - Class IB 0.65% 0.25% 0.09% 0.99% - ------------------------------------------------------------------------------- Putnam VT Voyager Fund - Class IB 0.57% 0.25% 0.06% 0.88% - ------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth 0.75% 0.25% 0.55% 1.55% Portfolio, Class II (18,19,23) - ------------------------------------------------------------------------------- Van Kampen LIT Comstock Portfolio, 0.56% 0.25% 0.03% 0.84% Class II - ------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth 0.70% 0.25% 0.07% 1.02% Portfolio, Class II - ------------------------------------------------------------------------------- Van Kampen LIT Growth and Income 0.57% 0.25% 0.04% 0.86% Portfolio, Class II - ------------------------------------------------------------------------------- Van Kampen LIT Money Market 0.45% 0.25% 0.20% 0.90% Portfolio, Class II(19,20) - ------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets 0.75% 0.35% 0.34% 1.44% Debt Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF Equity and Income 0.46% 0.35% 0.32% 1.13% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF Equity Growth 0.50% 0.35% 0.33% 1.18% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF Global Franchise 0.80% 0.35% 0.39% 1.54% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth 0.75% 0.35% 0.34% 1.44% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth 0.92% 0.35% 0.54% 1.81% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value 0.72% 0.35% 0.29% 1.36% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate 0.75% 0.35% 0.28% 1.38% Portfolio, Class II (21,22) - ------------------------------------------------------------------------------- (1) Expenses are shown as a percentage of Portfolio average daily net assets (before any waiver or reimbursement) as of December 31, 2005 (except as otherwise noted). (2) The Investment Adviser has voluntarily agreed to waive fees and reimburse expenses until at least August 1, 2007 in order to keep total operating expenses from exceeding the "Total Annual Portfolio Expenses" in the table below. If at any point before August 1, 2009, total annual operating expenses are less than the expense cap, the Adviser nay retain the difference to recapture any of the prior waivers or reimbursements. When the effects of these fee waivers 16 PROSPECTUS

and expense reimbursements are taken into consideration, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Total Rule Portfolio Management 12b-1 Other Annual Portfolio Fees Fees Expenses Expenses - ------------------------------------------------------------------------------- STI Classic Capital Appreciation 0.97% N/A 0.15% 1.12% Fund - ------------------------------------------------------------------------------- STI Classic Large Cap Relative 0.85% N/A 0.15% 1.00% Value Fund - ------------------------------------------------------------------------------- STI Classic International Equity 1.15% N/A 0.15% 1.30% Fund - ------------------------------------------------------------------------------- STI Classic Investment Grade Bond 0.50% N/A 0.15% 0.65% Fund - ------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Fund 1.00% N/A 0.15% 1.15% - ------------------------------------------------------------------------------- STI Classic Small Cap Value Equity 1.15% N/A 0.05% 1.20% Fund - ------------------------------------------------------------------------------- (3) A portion of the brokerage commissions that the Portfolio pays may be reimbursed and used to reduce the Portfolio's expenses. In addition, through arrangements with the Portfolio's custodian, credits realized as a result of uninvested cash balances are used to reduce the Portfolio's custodian expenses. Including these reductions, the "Total Annual Portfolio Expenses" would have been 0.89% for Fidelity VIP Contrafund/(R)/ Portfolio - Service Class 2 and Fidelity VIP Mid Cap Portfolio - Service Class 2. These offsets may be discontinued at any time. (4) Each Fidelity VIP Freedom Portfolio purchases Initial Class shares of underlying multiple Fidelity VIP Portfolios. As shareholders in multiple underlying Portfolios, the Fidelity VIP Freedom Portfolios' "Total Annual Portfolio Expenses" are based on its "Total Annual Portfolio Expenses" plus a weighted average of the "Total Annual Portfolio Expenses" of the underlying Portfolios in which they invest. As a result, the "Management Fees" and "Other Expenses" for the Fidelity VIP Freedom Portfolios are comprised of a weighted average of "Management Fees" and "Other Expenses" for the underlying Portfolios in which they invest. Such "Management Fees" and "Other Expenses" are not shown in the table above, but are reflected in "Total Annual Portfolio Expenses." After expense reductions and reimbursements, the Fidelity VIP Freedom Portfolios' "Total Annual Portfolio Expenses" would have been: Portfolio Total Annual Portfolio Expense - -------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 Portfolio - Service Class 2 0.81% - -------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 Portfolio - Service Class 2 0.87% - -------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 Portfolio - Service Class 2 0.89% - -------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income Portfolio - Service Class 2 0.70% - -------------------------------------------------------------------------------------------------------------- (5) The fund's manager has voluntarily agreed to reimburse the Portfolio to the extent that total operating expenses (excluding interest, taxes, certain security lending costs, brokerage commissions and extraordinary expenses), as a percentage of its average net assets, exceed 1.10%. This arrangement can be discontinued by the fund's manager at any time. (6) A portion of the brokerage commissions that the Portfolio pays may be reimbursed and used to reduce the Portfolio's expenses. Including these reductions, the "Total Annual Portfolio Expenses" would have been 1.05%. This offsets may be discontinued at any time. (7) Management fees for the fund have been reduced to 0.10%, and Portfolio expenses are limited to 0.35% (these limits do not apply to interest, taxes, brokerage commissions, security lending fees, or extraordinary expenses). This expense limit may not be increased without approval of the fund's shareholders and board of trustees. Thus, the expense limit is required by contract and is not voluntary on the fund manager's part. (8) The annual class operating expenses for the Portfolio are based on historical expenses adjusted to reflect current fees. (9) The Fund administration fee is paid indirectly through the management fee. (10) While the maximum amount payable under the Portfolio's Rule 12b-1 plan is 0.35% per year of the Portfolio's class average annual net assets, the Board of Trustees has set the current rate at 0.25% per year. (11) The Portfolio's manager has agreed in advance to reduce its fees from assets invested by the Portfolio in a Franklin Templeton Money Market Fund (the Sweep Money Fund). This reduction is required by the Portfolio's Board of 17 PROSPECTUS

Trustees and an order by the Securities and Exchange Commission. With this reduction, "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses" were as follows: Total Rule Portfolio Management 12b-1 Other Annual Portfolio Fees Fees Expenses Expenses - ------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities 0.47% 0.25% 0.17% 0.89% Fund - Class 2 - ------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities Fund - 0.60% 0.25% 0.17% 1.02% Class 2 - ------------------------------------------------------------------------------------- (12) For the year ending December 31, 2006 and through April 30, 2007, Lord, Abbett & Co. LLC has contractually agreed to reimburse a portion of each Portfolio's expenses to the extent necessary to maintain its "Other Expenses" at an aggregate rate of 0.40% of its average daily net assets. With this reimbursement, "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses" were as follows: Total Rule Portfolio Management 12b-1 Other Annual Portfolio Fees Fees Expenses Expenses - -------------------------------------------------------------------------------------------- Lord Abbett Series Fund - All Value Portfolio 0.75% N/A 0.39% 1.14% - -------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Bond-Debenture 0.50% N/A 0.40% 0.90% Portfolio - -------------------------------------------------------------------------------------------- Lord Abbett Series Fund - Growth Opportunities 0.80% N/A 0.40% 1.20% Portfolio - -------------------------------------------------------------------------------------------- (13) Effective January 1, 2006, the "Management Fee" for the Portfolio was changed from a flat fee of 0.50% to 0.50% for the first $1 billion of average daily net assets and 0.45% for average daily net assets over $1 billion. (14) Effective January 1, 2006, the "Management Fee" for the Portfolio was changed from a flat fee of 0.75% to 0.75% for the first $1 billion of average daily net assets, 0.70% for the next $1 billion of average daily net assets, and 0.65% for average daily net assets over $2 billion. (15) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA-Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. (16) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (17) Reflects Putnam Management's agreement, effective January 28, 2005, to waive fees and reimburse expenses of the Portfolio through December 31, 2006 to the extent necessary to ensure that the Portfolio's expenses do not exceed the average expenses of the Portfolios viewed by Lipper Inc. as having the same investment classification or objective as the Portfolio. The expense reimbursement is based on a comparison of the Portfolio's expenses with the average annualized operating expenses of the Portfolios in its Lipper peer group, as reported by Lipper, for each calendar quarter during the Portfolio's last fiscal year, excluding "Rule 12b-1 Fees" and without giving effect to any expense offset and brokerage service arrangements that may reduce fund expenses. After such reductions, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Total Rule Portfolio Management 12b-1 Other Annual Portfolio Fees Fees Expenses Expenses - ------------------------------------------------------------------------------------------------------------------ Putnam VT High Yield Fund - Class IB 0.67% 0.25% 0.09% 1.01% - ------------------------------------------------------------------------------------------------------------------ Putnam VT Income Fund - Class IB 0.54% 0.25% 0.10% 0.89% - ------------------------------------------------------------------------------------------------------------------ Putnam VT Money Market Fund - Class IB 0.42% 0.25% 0.11% 0.78% - ------------------------------------------------------------------------------------------------------------------ (18) For the year ended December 31, 2005, the adviser voluntarily waived $117,800 of its investment advisory fees. The adviser has agreed to waive all expenses in excess of 1.26% of average daily net assets. This waiver is voluntary in nature and can be discontinued at the adviser's discretion. 18 PROSPECTUS

(19) For the year ended December 31, 2005, the adviser waived approximately $24,800 of its advisory fees. Under the terms of the advisory agreement, if the total ordinary business expenses, exclusive of taxes, distribution fees and interest, exceeds 0.95% of the average daily net assets of the Portfolio, the adviser will reimburse the Portfolio for the amount of the excess. The adviser has agreed to waive all expenses in excess 0.85% of average net assets. Effective October 1, 2005, this voluntary waiver was discontinued. (20) The fees disclosed in the Table reflect gross ratios prior to any voluntary waivers/reimbursements of expenses by the adviser. When the effects of the voluntary waivers discussed in footnotes 17 and 18 are taken into consideration, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Total Rule Portfolio Management 12b-1 Other Annual Portfolio Fees Fees Expenses Expenses - --------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth Portfolio, Class 0.46% 0.25% 0.55% 1.26% II - --------------------------------------------------------------------------------------------- Van Kampen LIT Money Market Portfolio, Class II 0.42% 0.25% 0.20% 0.87% - --------------------------------------------------------------------------------------------- (21) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances as Van Kampen. (22) The fees disclosed in the Table reflect gross ratios prior to any voluntary waivers/reimbursements of expenses by the adviser. The adviser has voluntarily agreed to waive a portion or all of its management fee and/or reimburse expenses to the extent necessary so "Total Annual Portfolio Expenses," excluding certain investment related expenses such as foreign country tax expense and interest expense on borrowing, do not exceed the "Operating "Expense Limitation" in the table below. The adviser may terminate these voluntary waivers at any time at its sole discretion. Additionally, the distributor has agreed to waive a portion of the "Rule 12b-1 Fees" for Class II shares. The distributor may terminate these voluntary waivers at any time at its sole discretion. After such reductions, the "Management Fees", "Rule 12b-1 Fees", "Other Expenses" and "Total Annual Portfolio Expenses", were as follows: Total Operating Rule Portfolio Expense Management 12b-1 Other Annual Portfolio Limitations Fees Fees Expenses Expenses - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt Portfolio, Class II 1.35% 0.75% 0.05% 0.34% 1.14% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income Portfolio, Class II 1.00% 0.46% 0.05% 0.32% 0.83% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth Portfolio, Class II 1.10% 0.50% 0.25% 0.33% 1.08% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise Portfolio, Class II 1.20% 0.46% 0.05% 0.69% 1.20% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth Portfolio, Class II 1.25% 0.36% 0.05% 0.84% 1.25% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth Portfolio, Class II 1.15% 0.71% 0.10% 0.34% 1.15% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II 1.15% 0.72% 0.10% 0.29% 1.11% - ----------------------------------------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate Portfolio, Class II 1.35% 0.75% 0.25% 0.28% 1.28% - ----------------------------------------------------------------------------------------------------------------------------------- (23) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. If you invested in this Variable Sub-Account prior to May 1, 2006, you may continue your investment. If prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 19 PROSPECTUS

EXAMPLE 1 This Example is intended to help you compare the cost of investing in the Contracts with the cost of investing in other variable annuity contracts. These costs include Contract owner transaction expenses, Contract fees, Variable Account annual expenses, and Portfolio fees and expenses. The example shows the dollar amount of expenses that you would bear directly or indirectly if you: .. invested $10,000 in the Contract for the time periods indicated; .. earned a 5% annual return on your investment; .. surrendered your Contract, or you began receiving income payments for a specified period of less than 120 months, at the end of each time period; .. elected the MAV Death Benefit Option and the Enhanced Beneficiary Protection (Annual Increase) Option; .. elected the Earnings Protection Death Benefit Option (assuming issue age 71-79); .. elected the Spousal Protection Benefit (Co-Annuitant) Option; and .. elected the SureIncome Plus Withdrawal Benefit Option. THE EXAMPLE DOES NOT INCLUDE ANY TAXES OR TAX PENALTIES YOU MAY BE REQUIRED TO PAY IF YOU SURRENDER YOUR CONTRACT. The first line of the example assumes that the maximum fees and expenses of any of the Portfolios are charged. The second line of the example assumes that the minimum fees and expenses of any of the Portfolios are charged. Your actual expenses may be higher or lower than those shown below. Allstate Advisor 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------------------- Costs Based on Maximum Annual Portfolio Expenses $1,437 $2,885 $4,249 $7,489 - ------------------------------------------------------------------------------------------- Costs Based on Minimum Annual Portfolio Expenses $ 964 $1,552 $2,170 $4,021 - ------------------------------------------------------------------------------------------- Allstate Advisor Preferred Allstate Advisor Preferred (5 Year) (3 Year) 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------------------------ Costs Based on Maximum Annual Portfolio $1,382 $2,882 $4,115 $7,660 $1,393 $2,569 $4,155 $7,716 Expenses - ------------------------------------------------------------------------------------------------ Costs Based on Minimum Annual Portfolio $ 909 $1,558 $2,063 $4,300 $ 920 $1,248 $2,112 $4,392 Expenses - ------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (0 Year) 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------ Costs Based on Maximum $893 $2,596 $4,194 $7,771 Annual Portfolio Expenses - ------------------------------------------------------------ Costs Based on Minimum $420 $1,278 $2,161 $4,482 Annual Portfolio Expenses - ------------------------------------------------------------ EXAMPLE 2 This Example uses the same assumptions as Example 1 above, except that it assumes you decided not to surrender your Contract, or you began receiving income payments for a specified period of at least 120 months, at the end of each time period. Allstate Advisor 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------- Costs Based on Maximum Annual Portfolio $842 $2,460 $3,994 $7,489 Expenses - ------------------------------------------------------------------------------- Costs Based on Minimum Annual Portfolio $369 $1,127 $1,915 $4,021 Expenses - ------------------------------------------------------------------------------- Allstate Advisor Preferred Allstate Advisor Preferred (5 Year) (3 Year) 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------------------------ Costs Based on Maximum Annual Portfolio $872 $2,542 $4,115 $7,660 $883 $2,569 $4,155 $7,716 Expenses - ------------------------------------------------------------------------------------------------ Costs Based on Minimum Annual Portfolio $399 $1,218 $2,063 $4,300 $410 $1,248 $2,112 $4,392 Expenses - ------------------------------------------------------------------------------------------------ Allstate Advisor Preferred (0 Year) 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------ Costs Based on Maximum $893 $2,596 $4,194 $7,771 Annual Portfolio Expenses - ------------------------------------------------------------ Costs Based on Minimum $420 $1,278 $2,161 $4,482 Annual Portfolio Expenses - ------------------------------------------------------------ PLEASE REMEMBER THAT YOU ARE LOOKING AT EXAMPLES AND NOT A REPRESENTATION OF PAST OR FUTURE EXPENSES. YOUR RATE OF RETURN MAY BE HIGHER OR LOWER THAN 5%, WHICH IS NOT GUARANTEED. THE EXAMPLES DO NOT ASSUME THAT ANY PORTFOLIO EXPENSE WAIVERS OR REIMBURSEMENT ARRANGEMENTS ARE IN EFFECT FOR THE PERIODS PRESENTED. THE EXAMPLES REFLECT THE FREE WITHDRAWAL AMOUNTS, IF APPLICABLE, AND THE DEDUCTION OF THE ANNUAL CONTRACT MAINTENANCE CHARGE OF $30 EACH YEAR. THE ABOVE EXAMPLES ASSUME YOU HAVE SELECTED THE MAV DEATH BENEFIT 20 PROSPECTUS

OPTION AND THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION, THE EARNINGS PROTECTION DEATH BENEFIT OPTION (ASSUMING THE OLDEST CONTRACT OWNER OR ANNUITANT IS AGE 71 OR OLDER, AND ALL ARE AGE 79 OR YOUNGER ON THE RIDER APPLICATION DATE), THE SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION AND THE SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION. IF ANY OR ALL OF THESE FEATURES WERE NOT ELECTED, THE EXPENSE FIGURES SHOWN ABOVE WOULD BE SLIGHTLY LOWER. FINANCIAL INFORMATION - -------------------------------------------------------------------------------- To measure the value of your investment in the Variable Sub-Accounts during the Accumulation Phase, we use a unit of measure we call the "ACCUMULATION UNIT." Each Variable Sub-Account has a separate value for its Accumulation Units we call "ACCUMULATION UNIT VALUE." Accumulation Unit Value is analogous to, but not the same as, the share price of a mutual fund. Accumulation Unit Values for the lowest and highest available combinations of Contract charges that affect Accumulation Unit Values for each Contract are shown in Appendix K to this prospectus. The Statement of Additional Information contains the Accumulation Unit Values for all other available combinations of Contract charges that affect Accumulation Unit Values for each Contract. The consolidated financial statements of Allstate Life and the financial statements of the Variable Account, which are comprised of the underlying financial statements of the Sub-Accounts, appear in the Statement of Additional Information. No Accumulation Unit Values are shown for the following Sub-Accounts, which were first offered under the contracts on May 1, 2006: Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account. THE CONTRACTS - -------------------------------------------------------------------------------- CONTRACT OWNER Each Contract is an agreement between you, the Contract Owner, and Allstate Life, a life insurance company. As the Contract Owner, you may exercise all of the rights and privileges provided to you by the Contract. That means it is up to you to select or change (to the extent permitted): .. the investment alternatives during the Accumulation and Payout Phases, .. the amount and timing of your purchase payments and withdrawals, .. the programs you want to use to invest or withdraw money, .. the income payment plan(s) you want to use to receive retirement income, .. the Annuitant (either yourself or someone else) on whose life the income payments will be based, .. the Beneficiary or Beneficiaries who will receive the benefits that the Contract provides when the last surviving Contract Owner or the Annuitant dies, and .. any other rights that the Contract provides, including restricting income payments to Beneficiaries. If you die, any surviving joint Contract Owner or, if none, the Beneficiary may exercise the rights and privileges provided to them by the Contract. If the sole surviving Contract Owner dies after the Payout Start Date, the Primary Beneficiary will receive any guaranteed income payments scheduled to continue. If the Annuitant dies prior to the Payout Start Date and the Contract Owner is a grantor trust not established by a business, the new Contract Owner will be the Beneficiary(ies). The Contract cannot be jointly owned by both a non-living person and a living person unless the Contract Owner(s) assumed ownership of the Contract as a Beneficiary(ies). The maximum age of any Contract Owner on the date we receive the completed application for each Contract is 90. If you select the Enhanced Beneficiary Protection (MAV) Option, the Enhanced Beneficiary Protection (Annual Increase) Option, or the Earnings Protection Death Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is currently age 79. If you select the Spousal Protection Benefit (Co-Annuitant) Option or the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts (CSP), the maximum age of any Contract Owner or beneficial owner for CSP on the Rider Application Date is currently age 90. If you select the SureIncome Plus Withdrawal Benefit Option, the maximum age of any Contract Owner on the Rider Application Date is age 85. If you select the SureIncome For Life Withdrawal Benefit Option, the minimum and maximum ages of the oldest Contract Owner (oldest annuitant if Contract 21 PROSPECTUS

Owner is a non-living person) on the Rider Application Date are ages 50 and 79, respectively. The Contract can also be purchased as an IRA or TSA (also known as a 403(b)). The endorsements required to qualify these annuities under the Internal Revenue Code of 1986, as amended, ("Code") may limit or modify your rights and privileges under the Contract. We use the term "QUALIFIED CONTRACT" to refer to a Contract issued as an IRA, 403(b), or with a Qualified Plan. Except for certain retirement plans, you may change the Contract Owner at any time by written notice in a form satisfactory to us. Until we receive your written notice to change the Contract Owner, we are entitled to rely on the most recent information in our files. We will provide a change of ownership form to be signed by you and filed with us. Once we accept the change, the change will take effect as of the date you signed the request. We will not be liable for any payment or settlement made prior to accepting the change. Accordingly, if you wish to change the Contract Owner, you should deliver your written notice to us promptly. Each change is subject to any payment we make or other action we take before we accept it. Changing ownership of this Contract may cause adverse tax consequences and may not be allowed under Qualified Plans. Please consult with a competent tax advisor prior to making a request for a change of Contract Owner. ANNUITANT The Annuitant is the individual whose age determines the latest Payout Start Date and whose life determines the amount and duration of income payments (other than under Income Plan 3). You may not change the Annuitant at any time. You may designate a joint Annuitant, who is a second person on whose life income payments depend, at the time you select an Income Plan. Additional restrictions may apply in the case of Qualified Plans. The maximum age of the Annuitant on the date we receive the completed application for each Contract is age 90. If you select the Enhanced Beneficiary Protection (MAV) Death Benefit Option, Enhanced Beneficiary Protection (Annual Increase) Option or the Earnings Protection Death Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 79. If you select the Spousal Protection Benefit (Co-Annuitant) Option, the maximum age of any Annuitant on the Rider Application Date is age 90. If you select the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts, the maximum age of any Annuitant on the Rider Application Date is age 90. If you select the Income Protection Benefit Option, the oldest Annuitant and joint Annuitant (if applicable) must be age 75 or younger on the Payout Start Date. If you select the SureIncome Plus Withdrawal Benefit Option, the maximum age of any Annuitant on the Rider Application Date is age 85. If you select the SureIncome For Life Withdrawal Benefit Option, the minimum and maximum ages of the oldest annuitant, if the Contract Owner is a non-living person, on the Rider Application Date are ages 50 and 79, respectively. If you select an Income Plan that depends on the Annuitant or a joint Annuitant's life, we may require proof of age and sex before income payments begin and proof that the Annuitant or joint Annuitant is still alive before we make each payment. CO-ANNUITANT SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION Contract Owners of IRA Contracts that meet the following conditions and that elect the Spousal Protection Benefit Option may name their spouse as a Co-Annuitant: .. the individually owned Contract must be either a traditional, Roth, or Simplified Employee Pension IRA; .. the Contract Owner must be age 90 or younger on the Rider Application Date; .. the Co-Annuitant must be age 79 or younger on the Rider Application Date; and .. the Co-Annuitant must be the sole Primary Beneficiary under the Contract. Under the Spousal Protection Benefit (Co-Annuitant) Option, the Co-Annuitant will be considered to be an Annuitant during the Accumulation Phase, except the Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date or upon the death of the Co-Annuitant. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. At any time, there may only be one Co-Annuitant under your Contract. See "Spousal Protection Benefit Option and Death of Co-Annuitant" for more information. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS. Contracts that meet the following conditions and that elect the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts may name the spouse of the Annuitant as a Co-Annuitant: .. the beneficially owned Contract must be a Custodial traditional IRA, Custodial Roth IRA, or a Custodial Simplified Employee Pension IRA; .. the Annuitant must be the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA; .. the Co-Annuitant must be the legal spouse of the Annuitant and only one Co-Annuitant may be named; 22 PROSPECTUS

.. the Co-Annuitant must be the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA; .. the Annuitant must be age 90 or younger on the Rider Application Date; and .. the Co-Annuitant must be age 79 or younger on the Rider Application Date. Under the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts, the Co-Annuitant will be considered to be an Annuitant during the Accumulation Phase, except the Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date or upon the death of the Co-Annuitant. The Co-Annuitant is not considered the beneficial owner of the Custodial Traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. See "Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts and Death of Co-Annuitant" for more information. BENEFICIARY You may name one or more Primary and Contingent Beneficiaries when you apply for a Contract. The Primary Beneficiary is the person who may, in accordance with the terms of the Contract, elect to receive the death settlement ("DEATH PROCEEDS") or become the new Contract Owner pursuant to the Contract if the sole surviving Contract Owner dies before the Payout Start Date. A Contingent Beneficiary is the person selected by the Contract Owner who will exercise the rights of the Primary Beneficiary if all named Primary Beneficiaries die before the death of the sole surviving Contract Owner. You may change or add Beneficiaries at any time, unless you have designated an irrevocable Beneficiary. We will provide a change of Beneficiary form to be signed by you and filed with us. After we accept the form, the change of Beneficiary will be effective as of the date you signed the form. Until we accept your written notice to change a Beneficiary, we are entitled to rely on the most recent Beneficiary information in our files. We will not be liable for any payment or settlement made prior to accepting the change. Accordingly, if you wish to change your Beneficiary, you should deliver your written notice to us promptly. Each Beneficiary change is subject to any payment made by us or any other action we take before we accept the change. You may restrict income payments to Beneficiaries by providing us with a written request. Once we accept the written request, the restriction will take effect as of the date you signed the request. Any restriction is subject to any payment made by us or any other action we take before we accept the request. If you did not name a Beneficiary or, unless otherwise provided in the Beneficiary designation, if a named Beneficiary is no longer living and there are no other surviving Primary or Contingent Beneficiaries when the sole surviving Contract Owner dies, the new Beneficiary will be: .. your spouse or, if he or she is no longer alive, .. your surviving children equally, or if you have no surviving children, .. your estate. If more than one Beneficiary survives you (or the Annuitant, if the Contract Owner is a grantor trust), we will divide the Death Proceeds among the surviving Beneficiaries according to your most recent written instructions. If you have not given us written instructions in a form satisfactory to us, we will pay the Death Proceeds in equal amounts to the surviving Beneficiaries. If there is more than one Beneficiary in a class (e.g., more than one Primary Beneficiary) and one of the Beneficiaries predeceases the Contract Owner (the Annuitant if the Contract Owner is a grantor trust), the remaining Beneficiaries in that class will divide the deceased Beneficiary's share in proportion to the original share of the remaining Beneficiaries. For purposes of this Contract, in determining whether a living person, including a Contract Owner, Primary Beneficiary, Contingent Beneficiary, or Annuitant ("Living Person A") has survived another living person, including a Contract Owner, Primary Beneficiary, Contingent Beneficiary, or Annuitant ("Living Person B"), Living Person A must survive Living Person B by at least 24 hours. Otherwise, Living Person A will be conclusively deemed to have predeceased Living Person B. Where there are multiple Beneficiaries, we will only value the Death Proceeds at the time the first Beneficiary submits the necessary documentation in good order. Any Death Proceeds amounts attributable to any Beneficiary which remain in the Variable Sub-Accounts are subject to investment risk. If there is more than one Beneficiary taking shares of the Death Proceeds, each Beneficiary will be treated as a separate and independent owner of his or her respective share of the Death Proceeds. Each Beneficiary will exercise all rights related to his or her share of the Death Proceeds, including the sole right to select a death settlement option, subject to any restrictions previously placed upon the Beneficiary. Each Beneficiary may designate a Beneficiary(ies) for his or her respective share, but that designated Beneficiary(ies) will be restricted to the death settlement option chosen by the original Beneficiary. If there is more than one Beneficiary and one of the Beneficiaries is a corporation, trust or other non-living person, all Beneficiaries will be considered to be non-living persons. MODIFICATION OF THE CONTRACT Only an Allstate Life officer may approve a change in or waive any provision of the Contract. Any change or 23 PROSPECTUS

waiver must be in writing. None of our agents has the authority to change or waive the provisions of the Contract. We may not change the terms of the Contract without your consent, except to conform the Contract to applicable law or changes in the law. If a provision of the Contract is inconsistent with state law, we will follow state law. ASSIGNMENT You may not assign an interest in this Contract as collateral or security for a loan. However, you may assign periodic income payments under this Contract prior to the Payout Start Date. No Beneficiary may assign benefits under the Contract until they are due. We will not be bound by any assignment until the assignor signs it and files it with us. We are not responsible for the validity of any assignment. Federal law prohibits or restricts the assignment of benefits under many types of retirement plans and the terms of such plans may themselves contain restrictions on assignments. An assignment may also result in taxes or tax penalties. YOU SHOULD CONSULT WITH AN ATTORNEY BEFORE TRYING TO ASSIGN PERIODIC INCOME PAYMENTS UNDER YOUR CONTRACT. PURCHASES - -------------------------------------------------------------------------------- MINIMUM PURCHASE PAYMENTS The minimum initial purchase payment for Non- Qualified Contracts is $10,000, ($2,000 for Contracts issued with an IRA or TSA). All subsequent purchase payments under a Contract must be $1,000 or more ($50 for automatic payments). You may make purchase payments at any time prior to the Payout Start Date; however, additional payments may be limited in some states. Please consult with your representative for details. The total amount of purchase payments we will accept for each Contract without our prior approval is $1,000,000. We reserve the right to accept a lesser initial purchase payment amount or lesser subsequent purchase payment amounts. We reserve the right to limit the availability of the investment alternatives for additional investments. We also reserve the right to reject any application. AUTOMATIC ADDITIONS PROGRAM You may make subsequent purchase payments of $50 or more per month by automatically transferring money from your bank account. Please consult with your sales representative for detailed information. The AUTOMATIC ADDITIONS PROGRAM is not available for making purchase payments into the Dollar Cost Averaging Fixed Account Option. ALLOCATION OF PURCHASE PAYMENTS At the time you apply for a Contract, you must decide how to allocate your purchase payment among the investment alternatives. The allocation you specify on your application will be effective immediately. All allocations must be in whole percents that total 100% or in whole dollars. You can change your allocations by calling us at 1-800-203-0068. We will allocate your purchase payments to the investment alternatives according to your most recent instructions on file with us. Unless you notify us otherwise, we will allocate subsequent purchase payments according to the allocation for the previous purchase payment. We will effect any change in allocation instructions at the time we receive written notice of the change in good order. We will credit the initial purchase payment that accompanies your completed application to your Contract within 2 business days after we receive the payment at our home office. If your application is incomplete, we will ask you to complete your application within 5 business days. If you do so, we will credit your initial purchase payment to your Contract within that 5 business day period. If you do not, we will return your purchase payment at the end of the 5 business day period unless you expressly allow us to hold it until you complete the application. We will credit subsequent purchase payments to the Contract at the close of the business day on which we receive the purchase payment at our home office. We use the term "business day" to refer to each day Monday through Friday that the New York Stock Exchange is open for business. We also refer to these days as "Valuation Dates." Our business day closes when the New York Stock Exchange closes for regular trading, usually 4:00 p.m. Eastern Time (3:00 p.m. Central Time). If we receive your purchase payment after 3:00 p.m. Central Time on any Valuation Date, we will credit your purchase payment using the Accumulation Unit Values computed on the next Valuation Date. TRIAL EXAMINATION PERIOD You may cancel your Contract by providing us with written notice within the Trial Examination Period, which is the 20 day period after you receive the Contract, or such longer period that your state may require. If you exercise this "RIGHT TO CANCEL," the Contract terminates and we will pay you the full amount of your purchase payments allocated to the Fixed Account. We also will return your purchase payments allocated to the Variable Account adjusted, to the extent federal or state law permits, to reflect investment gain or loss, including the deduction of mortality and expense risk charges and administrative expense charges, that occurred from the date of allocation through the date of cancellation. If your Contract is qualified under Code Section 408(b), we will refund the greater of any purchase payments or the Contract Value. 24 PROSPECTUS

We reserve the right to allocate your purchase payments to the Putnam VT Money Market - Class IB Sub-Account during the Trial Examination Period. For Contracts purchased in California by persons age 60 and older, you may elect to defer until the end of the Trial Examination Period allocation of your purchase payment to the Variable Sub-Accounts. Unless you instruct otherwise, upon making this election, your purchase payment will be allocated to the Putnam VT Money Market - Class IB Sub-Account. On the next Valuation Date, 40 days after the Issue Date, your Contract Value will then be reallocated in accordance with your most recent investment allocation instructions. State laws vary and may require a different period, other variations or adjustments. Please refer to your Contract for state specific information. CONTRACT VALUE - -------------------------------------------------------------------------------- On the Issue Date, the Contract Value is equal to your initial purchase payment. Thereafter, your Contract Value at any time during the Accumulation Phase is equal to the sum of the value of your Accumulation Units in the Variable Sub-Accounts you have selected, plus your value in the Fixed Account Option(s) offered by your Contract. ACCUMULATION UNITS To determine the number of Accumulation Units of each Variable Sub-Account to allocate to your Contract, we divide (i) the amount of the purchase payment or transfer you have allocated to a Variable Sub-Account by (ii) the Accumulation Unit Value of that Variable Sub-Account next computed after we receive your payment or transfer. For example, if we receive a $10,000 purchase payment allocated to a Variable Sub-Account when the Accumulation Unit Value for the Sub-Account is $10, we would credit 1,000 Accumulation Units of that Variable Sub-Account to your Contract. Withdrawals and transfers from a Variable Sub-Account would, of course, reduce the number of Accumulation Units of that Sub-Account allocated to your Contract. ACCUMULATION UNIT VALUE As a general matter, the Accumulation Unit Value for each Variable Sub-Account for each Contract will rise or fall to reflect: .. changes in the share price of the Portfolio in which the Variable Sub-Account invests, and .. the deduction of amounts reflecting the mortality and expense risk charge, administrative expense charge, and any provision for taxes that have accrued since we last calculated the Accumulation Unit Value. We determine any applicable withdrawal charges, Rider Fees (if applicable), transfer fees, and contract maintenance charges separately for each Contract. They do not affect the Accumulation Unit Value. Instead, we obtain payment of those charges and fees by redeeming Accumulation Units. For details on how we compute Accumulation Unit Values, please refer to the Statement of Additional Information. We determine a separate Accumulation Unit Value for each Variable Sub-Account for each Contract on each Valuation Date. We also determine a separate set of Accumulation Unit Values that reflect the cost of each optional benefit, or available combination thereof, offered under the Contract. YOU SHOULD REFER TO THE PROSPECTUSES FOR THE FUNDS FOR A DESCRIPTION OF HOW THE ASSETS OF EACH PORTFOLIO ARE VALUED, SINCE THAT DETERMINATION DIRECTLY BEARS ON THE ACCUMULATION UNIT VALUE OF THE CORRESPONDING VARIABLE SUB-ACCOUNT AND, THEREFORE, YOUR CONTRACT VALUE. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION We offer the TrueReturn/SM/ Accumulation Benefit Option, which is available for an additional fee. The TrueReturn Option guarantees a minimum Contract Value on the "RIDER MATURITY DATE." The Rider Maturity Date is determined by the length of the Rider Period which you select. The Option provides no minimum Contract Value if the Option terminates before the Rider Maturity Date. See "Termination of the TrueReturn Option" below for details on termination. The TrueReturn Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the TrueReturn Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the TrueReturn Option. Currently, you may have only one TrueReturn Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a TrueReturn Option, a Retirement Income Guarantee Option or a Withdrawal Benefit Option. The TrueReturn Option has no maximum issue age, however the Rider Maturity Date must occur before the latest Payout Start Date, which is the later of the Annuitant's 99th birthday or the 10th Contract Anniversary. Once added to your Contract, the TrueReturn Option may be cancelled at any time on or after the 5th Rider Anniversary by notifying us in writing in a form satisfactory to us. The "RIDER ANNIVERSARY" is the anniversary of the Rider Date. We reserve the right to extend the date on which the TrueReturn Option may be cancelled to up to the 10th Rider Anniversary at any time in our sole discretion. Any change we make will not apply to a TrueReturn 25 PROSPECTUS

Option that was added to your Contract prior to the implementation date of the change. When you add the TrueReturn Option to your Contract, you must select a Rider Period and a Guarantee Option. The Rider Period and Guarantee Option you select determine the AB Factor, which is used to determine the Accumulation Benefit, described below. The "RIDER PERIOD" begins on the Rider Date and ends on the Rider Maturity Date. The "RIDER DATE" is the date the TrueReturn Option was made a part of your Contract. We currently offer Rider Periods ranging from 8 to 20 years depending on the Guarantee Option you select. You may select any Rider Period from among those we currently offer, provided the Rider Maturity Date occurs prior to the latest Payout Start Date. We reserve the right to offer additional Rider Periods in the future, and to discontinue offering any of the Rider Periods at any time. Each Model Portfolio Option available under a Guarantee Option has specific investment requirements that are described in the "Investment Requirements" section below and may depend upon the Rider Date of your TrueReturn Option. We reserve the right to offer additional Guarantee Options in the future, and to discontinue offering any of the Guarantee Options at any time. After the Rider Date, the Rider Period and Guarantee Option may not be changed. The TrueReturn Option may not be available in all states. We may discontinue offering the TrueReturn Option at any time to new Contract Owners and to existing Contract Owners who did not elect the Option prior to the date of discontinuance. ACCUMULATION BENEFIT. On the Rider Maturity Date, if the Accumulation Benefit is greater than the Contract Value, then the Contract Value will be increased to equal the Accumulation Benefit. The excess amount of any such increase will be allocated to the Putnam VT Money Market Variable Sub-Account. You may transfer the excess amount out of the Putnam VT Money Market Variable Sub-Account and into another investment alternative at any time thereafter. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. Prior to the Rider Maturity Date, the Accumulation Benefit will not be available as a Contract Value, Settlement Value, or Death Proceeds. Additionally, we will not pay an Accumulation Benefit if the TrueReturn Option is terminated for any reason prior to the Rider Maturity Date. After the Rider Maturity Date, the TrueReturn Option provides no additional benefit. The "ACCUMULATION BENEFIT" is equal to the Benefit Base multiplied by the AB Factor. The "AB FACTOR" is determined by the Rider Period and Guarantee Option you selected as of the Rider Date. The following table shows the AB Factors available for the Rider Periods and Guarantee Options we currently offer. AB FACTORS RIDER PERIOD GUARANTEE GUARANTEE (NUMBER OF YEARS) OPTION 1 OPTION 2 - --------------------------------------------- 8 100.0% NA - --------------------------------------------- 9 112.5% NA - --------------------------------------------- 10 125.0% 100.0% - --------------------------------------------- 11 137.5% 110.0% - --------------------------------------------- 12 150.0% 120.0% - --------------------------------------------- 13 162.5% 130.0% - --------------------------------------------- 14 175.0% 140.0% - --------------------------------------------- 15 187.5% 150.0% - --------------------------------------------- 16 200.0% 160.0% - --------------------------------------------- 17 212.5% 170.0% - --------------------------------------------- 18 225.0% 180.0% - --------------------------------------------- 19 237.5% 190.0% - --------------------------------------------- 20 250.0% 200.0% - --------------------------------------------- The following examples illustrate the Accumulation Benefit calculations under Guarantee Options 1 and 2 on the Rider Maturity Date. For the purpose of illustrating the Accumulation Benefit calculation, the examples assume the Benefit Base is the same on the Rider Date and the Rider Maturity Date. Example 1: Guarantee Option 1 Guarantee Option: 1 Rider Period: 15 AB Factor: 187.5% Rider Date: 1/2/04 Rider Maturity Date: 1/2/19 Benefit Base on Rider Date: $50,000 Benefit Base on rider Maturity Date: $50,000 On the Rider Maturity Date (1/2/19): Accumulation Benefit = Benefit Base on Rider Maturity Date X AB Factor = $50,000 X 187.5% = $93,750 Example 2: Guarantee Option 2 Guarantee Option: 2 Rider Period: 15 AB Factor: 150.0% Rider Date: 1/2/04 Rider Maturity Date: 1/2/19 Benefit Base on Rider Date: $50,000 Benefit Base on rider Maturity Date: $50,000 On the Rider Maturity Date (1/2/19): Accumulation Benefit = Benefit Base on Rider Maturity Date X AB Factor = $50,000 X 150.0% = $75,000 26 PROSPECTUS

Guarantee Option 1 offers a higher AB Factor and more rider periods than Guarantee Option 2. Guarantee Option 1 and Guarantee Option 2 have different investment restrictions. See "Investment Requirements" below for more information. BENEFIT BASE. The Benefit Base is used solely for purposes of determining the Rider Fee and the Accumulation Benefit. The Benefit Base is not available as a Contract Value, Settlement Value, or Death Proceeds. On the Rider Date, the "Benefit Base" is equal to the Contract Value. After the Rider Date, the Benefit Base will be recalculated for purchase payments and withdrawals as follows: .. The Benefit Base will be increased by purchase payments made prior to or on the first Contract Anniversary following the Rider Date. Subject to the terms and conditions of your Contract, you may add purchase payments after this date, but they will not be included in the calculation of the Benefit Base. THEREFORE, IF YOU PLAN TO MAKE PURCHASE PAYMENTS AFTER THE FIRST CONTRACT ANNIVERSARY FOLLOWING THE RIDER DATE, YOU SHOULD CONSIDER CAREFULLY WHETHER THIS OPTION IS APPROPRIATE FOR YOUR NEEDS. .. The Benefit Base will be decreased by a Withdrawal Adjustment for each withdrawal you make. The Withdrawal Adjustment is equal to (a) divided by (b), with the result multiplied by (c), where: (a) = the withdrawal amount; (b) = the Contract Value immediately prior to the withdrawal; and (c) = the Benefit Base immediately prior to the withdrawal. Withdrawals taken prior to annuitization (referred to in this prospectus as the Payout Phase) are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. A withdrawal charge also may apply. See Appendix G for numerical examples that illustrate how the Withdrawal Adjustment is applied. The Benefit Base will never be less than zero. INVESTMENT REQUIREMENTS. If you add the TrueReturn Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest during the Rider Period. The specific requirements will depend on the model portfolio option ("Model Portfolio Option") you have selected and the effective date of your TrueReturn Option. These requirements are described below in more detail. These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-Accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-Accounts, and restrictions on transfers to or from certain investment alternatives. We may also require that you use the Automatic Portfolio Rebalancing Program. We may change the specific requirements that are applicable to a Guarantee Option or a Model Portfolio Option available under a Guarantee Option at any time in our sole discretion. Any changes we make will not apply to a TrueReturn Option that was made a part of your Contract prior to the implementation date of the change, except for changes made due to a change in investment alternatives available under the Contract. Any changes we make will apply to a new TrueReturn Option elected subsequent to the change pursuant to the Rider Trade-In Option. When you add the TrueReturn Option to your Contract, you must allocate your entire Contract Value as follows: (1) to a Model Portfolio Option available with the Guarantee Option you selected, as defined below; or (2) to the DCA Fixed Account Option and then transfer all purchase payments and interest according to a Model Portfolio Option available with the Guarantee Option you selected; or (3) to a combination of (1) and (2) above. For (2) and (3) above, the requirements for the DCA Fixed Account Option must be met. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. On the Rider Date, you must select only one of the Model Portfolio Options in which to allocate your Contract Value. We currently offer one Model Portfolio Option with each of the available Guarantee Options. The Model Portfolio Options that are available under Guarantee Options may differ depending upon the effective date of your TrueReturn Option. Please refer to the Model Portfolio Option 1, Model Portfolio Option 2, and Fidelity VIP Freedom Funds Model Portfolio Options sections below for more details. We may add Model Portfolio Options in the future. In addition, if the investment alternatives available under the Contract change, we may revise the Model Portfolio Options. The following table summarizes the Model Portfolio Option 27 PROSPECTUS

currently available for use with each Guarantee Period under the TrueReturn Option: GUARANTEE OPTION 1 GUARANTEE OPTION 2 - ------------------------------------------------------------------------------------------------------------- *Model Portfolio Option 1 *Model Portfolio Option 2 *Fidelity VIP Freedom Income Fund Model Portfolio Option *Fidelity VIP Freedom Income Fund *Fidelity VIP Freedom 2010 Fund Model Portfolio Option Model Portfolio Option *Fidelity VIP Freedom 2010 Fund Model Portfolio Option *Fidelity VIP Freedom 2020 Fund Model Portfolio Option *Fidelity VIP Freedom 2030 Fund Model Portfolio Option - ------------------------------------------------------------------------------------------------------------- *NOTE: FIDELITY VIP FREEDOM FUNDS MODEL PORTFOLIO OPTIONS ARE AVAILABLE AS MODEL PORTFOLIO OPTIONS UNDER GUARANTEE OPTION 1 AND GUARANTEE OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004). FOR GUARANTEE OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004), THE FIDELITY VIP FREEDOM FUNDS ARE PART OF THE AVAILABLE VARIABLE SUB-ACCOUNTS LISTED UNDER MODEL PORTFOLIO OPTION 2. PLEASE NOTE THAT ONLY CERTAIN FIDELITY VIP FREEDOM FUNDS MODEL PORTFOLIO OPTIONS ARE AVAILABLE - ------------ WITH YOUR TRUERETURN OPTION AS SUMMARIZED IN THE TABLE ABOVE. You may not allocate any of your Contract Value to the Standard Fixed Account Option or to the MVA Fixed Account Option. You must transfer any portion of your Contract Value that is allocated to the Standard Fixed Account Option or to the MVA Fixed Account Option to the Variable Sub-Accounts prior to adding the TrueReturn Option to your Contract. Transfers from the MVA Fixed Account Option may be subject to a Market Value Adjustment. You may allocate any portion of your purchase payments to the DCA Fixed Account Option on the Rider Date, provided the DCA Fixed Account Option is available with your Contract and in your state. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to the percentage allocations for the Model Portfolio you selected. Any subsequent purchase payments made to your Contract will be allocated to the Variable Sub-Accounts according to your most recent instructions on file with us. You must comply with any required percentage allocations for the Model Portfolio Option you have selected. You may also request that purchase payments be allocated to the DCA Fixed Account Option. Purchase payments allocated to the DCA Fixed Account Option must be $100 or more. Any withdrawals you request will reduce your Contract Value invested in each of the investment alternatives on a pro rata basis in the proportion that your Contract Value in each bears to your total Contract Value in all Variable Sub-Accounts, unless you request otherwise. MODEL PORTFOLIO OPTION 1. If you choose or transfer your entire Contract Value into Model Portfolio Option 1 under Guarantee Option 1, you must allocate a certain percentage of your Contract Value into each of three asset categories. Please note that certain investment alternatives are not available under Model Portfolio Option 1. You may choose the Variable Sub-Accounts in which you want to invest, provided you maintain the percentage allocation requirements for each category. You may also make transfers among the Variable Sub-Accounts within each category at any time, provided you maintain the percentage allocation requirements for each category. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. Effective October 1, 2004, certain Variable Sub-Accounts under Model Portfolio 1 were reclassified into different asset categories. These changes apply to TrueReturn Options effective prior to and on or after October 1, 2004. The following table describes the percentage allocation requirements for Model Portfolio Option 1 and Variable Sub-Accounts available under each category (1, 4): MODEL PORTFOLIO OPTION 1 - ------------------------------------------------------------------------------ 20% Category A 50% Category B 30% Category C 0% Category D - ------------------------------------------------------------------------------ CATEGORY A Putnam VT Money Market - Class IB Sub-Account Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------ CATEGORY B FTVIP Franklin U.S. Government - Class 2 Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account STI Classic Investment Grade Bond Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) - ------------------------------------------------------------------------------ 28 PROSPECTUS

CATEGORY C Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (3) Fidelity VIP Index 500 - Service Class 2 Sub-Account (3) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (3) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (3) FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (5) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Research - Class IB Sub-Account (1) Putnam VT Utilities Growth and Income - Class IB Sub-Account (1) Putnam VT Voyager - Class IB Sub-Account STI Classic Capital Appreciation Sub-Account STI Classic Large Cap Relative Value Sub-Account STI Classic International Equity Sub-Account STI Classic Small Cap Value Equity Sub-Account STI Classic Large Cap Value Equity Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2)(3) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) - ------------------------------------------------------------------------------ CATEGORY D (VARIABLE SUB-ACCOUNTS NOT AVAILABLE UNDER MODEL PORTFOLIO OPTION 1) Fidelity VIP Freedom Income - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (3) Fidelity VIP Growth Stock - Service Class 2 Sub-Account (3) Oppenheimer Global Securities/VA - Service Shares Sub-Account Putnam VT Health Sciences - Class IB Sub-Account (1) Putnam VT New Opportunities - Class IB Sub-Account (1) Putnam VT Vista - Class IB Sub-Account STI Classic Mid-Cap Equity Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) - ------------------------------------------------------------------------------ EACH CALENDAR QUARTER, WE WILL USE THE AUTOMATIC PORTFOLIO REBALANCING PROGRAM TO AUTOMATICALLY REBALANCE YOUR CONTRACT VALUE IN EACH VARIABLE SUB-ACCOUNT AND RETURN IT TO THE PERCENTAGE ALLOCATION REQUIREMENTS FOR MODEL PORTFOLIO OPTION 1. WE WILL USE THE PERCENTAGE ALLOCATIONS AS OF YOUR MOST RECENT INSTRUCTIONS. 1) Effective October 1, 2004, the following Variable Sub-Accounts closed to new investments: the Putnam VT Health Sciences - Class IB Sub-Account, the Putnam VT New Opportunities - Class IB Sub-Account, the Putnam VT Research - Class IB Sub-Account, and the Putnam VT Utilities Growth and Income - Class IB Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 4) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments.* 5) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD THIS TRUERETURN OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THIS TRUERETURN OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. MODEL PORTFOLIO OPTION 2. The investment requirements under Model Portfolio Option 2 depend on the Rider Date of your TrueReturn Option. MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004) If your TrueReturn Option Rider Date is prior to October 1, 2004 and you select Model Portfolio Option 2, you must allocate your Contract Value among four asset categories in accordance with the percentage allocation requirements set out in the table below. You may choose the Variable Sub-Accounts in which you 29 PROSPECTUS

want to invest, provided you maintain the percentage allocation requirements for each category. You may also make transfers among the Variable Sub-Accounts within each category at any time, provided you maintain the percentage allocation requirements for each category. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. The following table describes the percentage allocation requirements for Model Portfolio Option 2 (Rider Date prior to October 1, 2004) and the Variable Sub-Accounts available under each category (1, 4): MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004) - ------------------------------------------------------------------- 10% Category A 20% Category B 50% Category C 20% Category D - ------------------------------------------------------------------- CATEGORY A Putnam VT Money Market - Class IB Sub-Account Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------- CATEGORY B FTVIP Franklin U.S. Government - Class 2 Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account STI Classic Investment Grade Bond Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) - ------------------------------------------------------------------- CATEGORY C Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (3) Fidelity VIP Index 500 - Service Class 2 Sub-Account (3) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (3) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (3) FTVIP Mutual Shares Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Research - Class IB Sub-Account (1) Putnam VT Utilities Growth and Income - Class IB Sub-Account (1) STI Classic Large Cap Relative Value Sub-Account STI Classic Large Cap Value Equity Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2)(3) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) - ------------------------------------------------------------------- CATEGORY D Fidelity VIP Growth Stock - Service Class 2 Sub-Account (3) FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer Global Securities/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (5) Putnam VT Health Sciences - Class IB Sub-Account (1) Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT New Opportunities - Class IB Sub-Account (1) Putnam VT Vista - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account STI Classic Capital Appreciation Sub-Account STI Classic International Equity Sub-Account STI Classic Mid-Cap Equity Sub-Account STI Classic Small Cap Value Equity Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) - ------------------------------------------------------------------- THE FOLLOWING VARIABLE SUB-ACCOUNTS ARE NOT AVAILABLE UNDER MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004): FIDELITY VIP FREEDOM INCOME - SERVICE CLASS 2 SUB-ACCOUNT, FIDELITY VIP FREEDOM 2010 - SERVICE CLASS 2 SUB-ACCOUNT, FIDELITY VIP FREEDOM 2020 - SERVICE CLASS 2 SUB-ACCOUNT AND FIDELITY VIP FREEDOM 2030 - SERVICE CLASS 2 SUB-ACCOUNT. INSTEAD, THE FIDELITY 30 PROSPECTUS

VIP FREEDOM FUNDS ARE AVAILABLE AS MODEL PORTFOLIO OPTIONS (SEE TABLE UNDER INVESTMENT REQUIREMENTS ABOVE). EACH CALENDAR QUARTER, WE WILL USE THE AUTOMATIC PORTFOLIO REBALANCING PROGRAM TO AUTOMATICALLY REBALANCE YOUR CONTRACT VALUE IN EACH VARIABLE SUB-ACCOUNT AND RETURN IT TO THE PERCENTAGE ALLOCATION REQUIREMENTS FOR MODEL PORTFOLIO OPTION 2 (RIDER DATE PRIOR TO OCTOBER 1, 2004). WE WILL USE THE PERCENTAGE ALLOCATIONS AS OF YOUR MOST RECENT INSTRUCTIONS. 1) Effective October 1, 2004, the following Variable Sub-Accounts closed to new investments: the Putnam VT Health Sciences - Class IB Sub-Account, the Putnam VT New Opportunities - Class IB Sub-Account, the Putnam VT Research - Class IB Sub-Account, and the Putnam VT Utilities Growth and Income - Class IB Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 4) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments.* 5) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. MODEL PORTFOLIO OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004) If your TrueReturn Option Rider Date is on or after October 1, 2004, and you select Model Portfolio Option 2, you may allocate your Contract Value among any of a selected group of available Variable Sub-Accounts listed below. However, you may not allocate your Contract Value among any of the excluded Variable Sub-Accounts listed below. You may choose to invest in or transfer among any of the available Variable Sub-Accounts. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. The following table lists the available and excluded Variable Sub-Accounts under Model Portfolio Option 2 (Rider Date on or after October 1, 2004)(1, 4): MODEL PORTFOLIO OPTION 2 (RIDER DATE ON OR AFTER OCTOBER 1, 2004) - -------------------------------------------------------------------- AVAILABLE Fidelity VIP Freedom Income - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (3) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (3) Fidelity VIP Index 500 - Service Class 2 Sub-Account (3) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (3) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Franklin U.S. Government - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (3) FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (5) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account 31 PROSPECTUS

Putnam VT Growth and Income - Class IB Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT Money Market - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account STI Classic Capital Appreciation Sub-Account STI Classic Large Cap Relative Value Sub-Account STI Classic International Equity Sub-Account STI Classic Investment Grade Bond Sub-Account STI Classic Small Cap Value Equity Sub-Account STI Classic Large Cap Value Equity Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen LIT Money Market, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (2) Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2)(3) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) EXCLUDED Fidelity VIP Growth Stock - Service Class 2 Sub-Account (3) Oppenheimer Global Securities/VA - Service Shares Sub-Account Putnam VT Vista - Class IB Sub-Account STI Classic Mid-Cap Equity Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) 1) Effective October 1, 2004, the following Variable Sub-Accounts closed to new investments: the Putnam VT Health Sciences - Class IB Sub-Account, the Putnam VT New Opportunities - Class IB Sub-Account, the Putnam VT Research - Class IB Sub-Account, and the Putnam VT Utilities Growth and Income - Class IB Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 4) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments.* 5) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD THIS TRUERETURN OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH THIS TRUERETURN OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. CANCELLATION OF THE TRUERETURN OPTION. You may not cancel the TrueReturn Option or make transfers, changes to your investment allocations, or changes to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment restrictions applicable to your Guarantee Option and/or Model Portfolio Option prior to the 5th Rider Anniversary. Failure to comply with the investment requirements for any reason may result in the cancellation of the TrueReturn Option. On or after the 5th Rider Anniversary, we will cancel the TrueReturn Option if you make transfers, changes to your investment allocations, or changes to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment requirements applicable to your Guarantee Option and/or Model Portfolio Option. We will not cancel the TrueReturn Option or make any changes to your investment allocations or to the Automatic Portfolio Rebalancing Program that are inconsistent with the investment restrictions applicable to your Guarantee Option until we receive notice from you that you wish to cancel the TrueReturn Option. No Accumulation Benefit will be paid if you cancel the Option prior to the Rider Maturity Date. DEATH OF OWNER OR ANNUITANT. If the Contract Owner or Annuitant dies before the Rider Maturity Date and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provision of your Contract, as described on page 77 of this prospectus, then the TrueReturn Option will continue, unless the new Contract Owner elects to cancel this Option. If the TrueReturn Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D, then the TrueReturn Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. RIDER TRADE-IN OPTION. We offer a "RIDER TRADE-IN OPTION" that allows you to cancel your TrueReturn Option and immediately add a new TrueReturn Option ("NEW OPTION"), provided all of the following conditions are met: .. The trade-in must occur on or after the 5th Rider Anniversary and prior to the Rider Maturity Date. 32 PROSPECTUS

We reserve the right to extend the date at which time the trade-in may occur to up to the 10th anniversary of the Rider Date at any time in our sole discretion. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. .. The New Option will be made a part of your Contract on the date the existing TrueReturn Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The New Option must be a TrueReturn Option that we make available for use with the Rider Trade-In Option. .. The issue requirements and terms and conditions of the New Option must be met as of the date the New Option is made a part of your Contract. For example, if you trade-in your TrueReturn Option: .. the new Rider Fee will be based on the Rider Fee percentage applicable to a new TrueReturn Option at the time of trade-in; .. the Benefit Base for the New Option will be based on the Contract Value as of the new Rider Date; .. the AB Factor will be determined by the Rider Periods and Guarantee Options available with the New Option; .. the Model Portfolio Options will be determined by the Model Portfolio Options offered with the Guarantee Options available with the New Option; .. any waiting period for canceling the New Option will start again on the new Rider Date; .. any waiting period for exercising the Rider Trade-In Option will start again on the new Rider Date; and .. the terms and conditions of the Rider Trade-In Option will be according to the requirements of the New Option. We are also making the SureIncome Plus or SureIncome For Life Withdrawal Benefit Options available at the time of your first utilization of this TrueReturn Rider Trade-In Option. We may discontinue offering these Withdrawal Benefit Options under the Rider Trade-In Option with respect to new TrueReturn Options added in the future at anytime at our discretion. If we do so, TrueReturn Options issued prior to this time will continue to have a Withdrawal Benefit Option available at the time of the first utilization of this TrueReturn Rider Trade-In Option. You may cancel your TrueReturn Option and immediately add a new SureIncome Plus Option or a new SureIncome For Life Option, provided all of the following conditions are met: .. The trade-in must occur on or after the 5th Rider Anniversary and prior to the Rider Maturity Date. At our discretion, we reserve the right to extend the date at which time the trade-in may occur up to the 10th anniversary of the Rider Date at any time. Any change we make will not apply to a TrueReturn Option that was added to your Contract prior to the implementation date of the change. .. The new Withdrawal Benefit Option will be made a part of your Contract on the date the existing TrueReturn Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The new Withdrawal Benefit Option must be a Withdrawal Benefit Option that we make available for use with this Rider Trade-In Option. .. The issue requirements and terms and conditions of the new Withdrawal Benefit Option must be met as of the date the new Withdrawal Benefit Option is made a part of your Contract. Currently, if you select the SureIncome Plus Withdrawal Benefit Option by utilizing the Rider Trade-In Option, the maximum age of any Contract Owner or Annuitant on the Rider Application Date is age 85. For other Withdrawal Benefit Options that may be selected in the future utilizing the Rider Trade-In Option, issue age requirements may differ. You should consult with your sales representative before trading in your TrueReturn Option. TERMINATION OF THE TRUERETURN OPTION. The TrueReturn Option will terminate on the earliest of the following to occur: .. on the Rider Maturity Date; .. on the Payout Start Date; .. on the date your Contract is terminated; .. on the date the Option is cancelled; .. on the date we receive a Complete Request for Settlement of the Death Proceeds; or .. on the date the Option is replaced with a New Option under the Rider Trade-In Option. We will not pay an Accumulation Benefit if the TrueReturn Option is terminated for any reason prior to the Rider Maturity Date. FIDELITY VIP FREEDOM FUNDS MODEL PORTFOLIO OPTIONS. If you choose one of the Fidelity VIP Freedom Funds Model Portfolio Options or transfer your entire Contract Value into one of the Fidelity VIP Freedom Funds Model Portfolio Options we will invest your Contract Value entirely into the Fidelity VIP Freedom Sub-Account associated with the Fidelity VIP Freedom Funds Model Portfolio Option you have currently selected. The following table lists the Fidelity VIP Freedom Sub-- 33 PROSPECTUS

Account associated with each Fidelity VIP Freedom Funds Model Portfolio Option: FIDELITY VIP FREEDOM FUNDS FIDELITY VIP FREEDOM MODEL PORTFOLIO OPTIONS SUB-ACCOUNT - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income Fund Model Portfolio Option Fidelity VIP Freedom Income - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 Fund Model Portfolio Option Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 Fund Model Portfolio Option Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 Fund Model Portfolio Option Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------------------- The Fidelity VIP Freedom Funds Model Portfolio Options are available as Model Portfolio Options under Guarantee Option 1 and Guarantee Option 2 (Rider Date prior to October 1, 2004). For Guarantee Option 2 (Rider Date on or after October 1, 2004), the Fidelity VIP Freedom Funds are part of the available Variable Sub-Accounts listed under Model Portfolio Option 2. Please note only certain Fidelity VIP Freedom Funds Model Portfolio Options are available with your TrueReturn Option as summarized in the table under Investment Requirements above. WITHDRAWAL BENEFIT OPTIONS "WITHDRAWAL BENEFIT OPTIONS" is used to refer collectively to the SureIncome Withdrawal Benefit Option, the SureIncome Plus Withdrawal Benefit Option, and the SureIncome For Life Withdrawal Benefit Option. "Withdrawal Benefit Option" is used to refer to any one of the Withdrawal Benefit Options. SUREINCOME WITHDRAWAL BENEFIT OPTION Effective May 1, 2006, we ceased offering the SUREINCOME WITHDRAWAL BENEFIT OPTION ("SUREINCOME OPTION"), except in a limited number of states where we intend to discontinue offering the Option as soon as possible. In the states where we continue to offer the SureIncome Option, it is available for an additional fee. The SureIncome Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals that total an amount equal to your purchase payments (subject to certain restrictions). Therefore, regardless of the subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until your Benefit Base is exhausted (terms defined below). The SureIncome Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" until the "BENEFIT BASE" (defined below) is reduced to zero. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, we will distribute an amount equal to the Benefit Base to the Contract owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE". For purposes of the SureIncome Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. In those states where currently offered, the SureIncome Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome Option. Currently, you may have only one Withdrawal Benefit Option (SureIncome, SureIncome Plus or SureIncome For Life) in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome Option is only available if the oldest Contract Owner and oldest Annuitant are age 85 or younger on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state). The SureIncome Option is not available to be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome Option may be cancelled at any time on or after the 5th calendar year anniversary of the Rider Date by notifying us in writing in a form satisfactory to us. In those states where the SureIncome Option is currently available, we may discontinue offering, at any time without prior notice, the Option to new Contract Owners and to existing Contract Owners who did not elect the SureIncome Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. We currently offer a Withdrawal Benefit Factor equal to 8%. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome Options and/or to eliminate the current Withdrawal Benefit Factor. Once a Withdrawal Benefit 34 PROSPECTUS

Factor has been established for a SureIncome Option, it cannot be changed after the Rider Date unless that SureIncome Option is terminated. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any purchase payments or withdrawals made on a Contract Anniversary would be applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Options) and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero. On the Rider Date, the Benefit Payment is equal to the greater of: .. The Contract Value multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Options); or .. The value of the Benefit Payment of the previous Withdrawal Benefit Option (attached to your Contract) which is being terminated under a rider trade-in option (see "Rider Trade-In Option" below for more information), if applicable. After the Rider Date, the Benefit Payment will be increased by purchase payments multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: . The Benefit Payment immediately prior to the withdrawal; or . The Contract Value immediately prior to withdrawal less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to withdrawal less the amount of the withdrawal. The Benefit Base may also be reduced in other situations as detailed in the "Contract Owner and Assignment of Payments or Interest" section below. IF THE BENEFIT BASE IS REDUCED TO ZERO, THIS SUREINCOME OPTION WILL TERMINATE. For numerical examples that illustrate how the values defined under the SureIncome Option are calculated, see Appendix H. CONTRACT OWNER AND ASSIGNMENT OF PAYMENTS OR INTEREST If you change the Contract Owner or assign any payments or interest under this Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated to be the lesser of the Contract Value and the Benefit Base at the time of assignment. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Base is still greater than 35 PROSPECTUS

zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase subject to the following: The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase can be made after the Withdrawal Benefit Payout Start Date. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e., if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made over a period certain such that total payments made will equal the Benefit Base on the Payout Start Date; therefore, the final payment may be less than each of the previous payments. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome Option may be larger so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the commencement of the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. CANCELLATION OF THE SUREINCOME OPTION You may not cancel the SureIncome Option prior to the 5th calendar year anniversary of the Rider Date. On or after the 5th calendar year anniversary of the Rider Date you may cancel the rider by notifying us in writing in a form satisfactory to us. We reserve the right to extend the date at which time the cancellation may occur to up to the 10th calendar year anniversary of the Rider Date at any time in our sole discretion. Any such change we make will not apply to a SureIncome Option that was added to your Contract prior to the implementation date of the change. RIDER TRADE-IN OPTION We offer a "RIDER TRADE-IN OPTION" that allows you to cancel your SureIncome Option and immediately add a new Withdrawal Benefit Option ("New SureIncome Option"). In most states, we currently offer the SureIncome Plus Withdrawal Benefit Option as the New SureIncome Option under the Rider Trade-In Option. We may also offer other Options ("New Options") under the Rider Trade-In Option. However, you may only select one Option under this Rider Trade-In Option at the time you cancel your SureIncome Option. Currently, we are also making the TrueReturn Accumulation Benefit Option available at the time of your first utilization of this Rider Trade-In Option so that you have the ability to switch from the SureIncome Option to the TrueReturn Accumulation Benefit Option. We may discontinue offering the TrueReturn Option under the Rider Trade-In Option for New SureIncome Options added in the future at anytime at our discretion. If we do so, SureIncome Options issued prior to this time will continue to have a TrueReturn Option available at the time of the first utilization of this SureIncome Rider Trade-In Option. This Rider Trade-in Option is available provided all of the following conditions are met: .. The trade-in must occur on or after the 5th calendar year anniversary of the Rider Date. We reserve the 36 PROSPECTUS

right to extend the date at which time the trade-in may occur to up to the 10th calendar year anniversary of the Rider Date at any time in our sole discretion. Any change we make will not apply to a SureIncome Option that was added to your Contract prior to the implementation date of the change. .. The New SureIncome Option or any New Option will be made a part of your Contract on the date the existing Option is cancelled, provided it is cancelled for reasons other than the termination of your Contract. .. The New SureIncome Option or any New Option must be an Option that we make available for use with this Rider Trade-In Option. .. The issue requirements and terms and conditions of the New SureIncome Option or the New Option must be met as of the date any such Option is made a part of your Contract. Currently, if you select the SureIncome Plus Withdrawal Benefit Option utilizing the Rider Trade-in Option, the maximum age of any Contract Owner or Annuitant on the Rider Application Date is age 85. For a New SureIncome Option or New Option that may be offered and selected in the future utilizing the Rider Trade-In Option, issue age requirements may differ. If the New Option is a New SureIncome Option, it must provide that the new Benefit Payment be greater than or equal to your current Benefit Payment as of the date the Rider Trade-In Option is exercised, if applicable. You should consult with your sales representative before trading in your SureIncome Option. DEATH OF OWNER OR ANNUITANT If the Owner or Annuitant dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome Option. If the SureIncome Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D above, then the SureIncome Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. If the Contract death settlement options are governed by an Endorsement and such Endorsement allows for the continuation of the Contract upon the death of the Owner or Annuitant by the spouse, the SureIncome Option will continue unless the new Owner elects to cancel the SureIncome Option. If the SureIncome Option is continued, it will remain in effect until terminated pursuant to Termination of the SureIncome Option below. If the Contract is not continued, then the SureIncome Option will terminate on the date we received a complete request for settlement of the Death Proceeds. TERMINATION OF THE SUREINCOME OPTION The SureIncome Option will terminate on the earliest of the following to occur: .. The Benefit Base is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Option is cancelled; .. On the date we receive a Complete Request for Settlement of the Death Proceeds; or .. On the date the SureIncome Option is replaced with a New Option under the Rider Trade-In Option. SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION We offer the SureIncome Plus Withdrawal Benefit Option ("SureIncome Plus Option"), except in a limited number of states where it is not currently available, for an additional fee. The SureIncome Plus Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals, which may increase during the first 10 years of the Option, that total an amount equal to your purchase payments, subject to certain restrictions. Therefore, regardless of the subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until your Benefit Base is exhausted (see defined terms below). The SureIncome Plus Option also provides an additional death benefit option. The SureIncome Plus Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" until the "BENEFIT BASE" (defined below) is reduced to zero. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, we will distribute an amount equal to the Benefit Base to the Contract Owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE". Prior to the commencement of the Withdrawal Benefit Payout Phase, the SureIncome Plus Option also provides an additional death benefit option, the SureIncome Return of Premium Death Benefit ("SUREINCOME ROP DEATH BENEFIT"). This death benefit option is described below under "DEATH OF OWNER OR ANNUITANT" and in the DEATH BENEFITS section starting on page 72. For purposes of the SureIncome Plus Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome Plus Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. 37 PROSPECTUS

The "RIDER DATE" is the date the SureIncome Plus Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome Plus Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome Plus Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome Plus Option. Currently, you may have only one Withdrawal Benefit Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome Plus Option is available if the oldest Contract Owner and oldest Annuitant are age 85 or younger on the effective date of the Rider (the "Rider Application Date"), (the maximum age may depend on your state). The SureIncome Plus Option may not be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome Plus Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome Plus Option may not be cancelled at any time. We may discontinue offering the SureIncome Plus Option at any time to new Contract Owners and to existing Contract Owners who did not elect the SureIncome Plus Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. We currently offer a Withdrawal Benefit Factor equal to 8%. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome Plus Options and/or to eliminate the current Withdrawal Benefit Factor. Once a Withdrawal Benefit Factor has been established for a SureIncome Plus Option, it cannot be changed after the Rider Date. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base and your SureIncome ROP Death Benefit by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any purchase payments or withdrawals made on a Contract Anniversary would be applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Plus Options) and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero. On the Rider Date, the Benefit Payment is equal to the greater of: .. The Contract Value multiplied by the Withdrawal Benefit Factor (currently 8% for new SureIncome Plus Options); or .. The value of the Benefit Payment of the previous Withdrawal Benefit Option (attached to your Contract) which is being terminated under a rider trade-in option, if applicable. See RIDER TRADE-IN OPTION, above, under SUREINCOME WITHDRAWAL BENEFIT OPTION for more information. After the Rider Date, the Benefit Payment will be increased by purchase payments multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: .. The Benefit Payment immediately prior to the withdrawal; or .. The Contract Value immediately prior to withdrawal less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Payment may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Payment will be recalculated to the greater of: 38 PROSPECTUS

.. The Benefit Payment following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals, and expenses multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the SureIncome Plus Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to the withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to the withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Base may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Base will be recalculated to the greater of: .. The Benefit Base following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses. The Benefit Base may also be reduced in other situations as detailed in the "Contract Owner and Assignment of Payments or Interest" section below. IF THE BENEFIT BASE IS REDUCED TO ZERO, THIS SUREINCOME PLUS OPTION WILL TERMINATE. For numerical examples that illustrate how the values defined under the SureIncome Plus Option are calculated, see Appendix I. CONTRACT OWNER AND ASSIGNMENT OF PAYMENTS OR INTEREST If you change the Contract Owner or assign any payments or interest under the Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated to be the lesser of the Contract Value or the Benefit Base at the time of assignment. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Base is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome Plus Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase. The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase of the Contract can be made after the Withdrawal Benefit Payout Start Date. Since the Accumulation Phase ends at this point, the SureIncome ROP Death Benefit no longer applies. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. 39 PROSPECTUS

During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the commencement of the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e., if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made over a period certain such that total payments made will equal the Benefit Base on the Payout Start Date; therefore, the final payment may be less than each of the previous payments. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome Plus Option may be larger so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the Withdrawal Benefit Payout Start Date. INVESTMENT REQUIREMENTS If you add a SureIncome Plus Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. DEATH OF OWNER OR ANNUITANT If the Owner or the Annuitant dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome Plus Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome Plus Option. If the SureIncome Plus Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D above, then the SureIncome Plus Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. If the Contract death settlement options are governed by an Endorsement and such Endorsement allows for the continuation of the Contract upon the death of the Owner or Annuitant by the spouse, the SureIncome Plus Option will continue unless the new Owner elects to cancel the SureIncome Plus Option. If the SureIncome Plus Option is continued, it will remain in effect until terminated pursuant to Termination of the SureIncome Plus Option below. If the Contract is not continued, then the SureIncome Plus Option will terminate on the date we received a complete request for settlement of the Death Proceeds. The SureIncome Plus Option also makes available the SureIncome ROP Death Benefit. On the Rider Date, the SureIncome ROP Death Benefit is equal to the Contract Value. After the Rider Date, the SureIncome ROP Death Benefit will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The SureIncome ROP Death Benefit immediately prior to withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome Plus Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. For numerical examples that illustrate how the SureIncome ROP Death Benefit under the SureIncome Plus Option is calculated, see Appendix I. Refer to the Death Benefits section (page 72) for more details on the SureIncome ROP Death Benefit. TERMINATION OF THE SUREINCOME PLUS OPTION The SureIncome Plus Option will terminate on the earliest of the following to occur: .. The Benefit Base is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as 40 PROSPECTUS

defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Plus Option is cancelled as detailed under Death of Owner or Annuitant above; or .. On the date we receive a Complete Request for Settlement of the Death Proceeds. SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION We offer the SureIncome For Life Withdrawal Benefit Option ("SureIncome For Life Option"), except in a limited number of states where it is not currently available, for an additional fee. The SureIncome For Life Option provides a guaranteed withdrawal benefit that gives you the right to take limited partial withdrawals, which may increase during the first 10 years of the Option, as long as the SureIncome Covered Life is alive, subject to certain restrictions. Therefore, regardless of subsequent fluctuations in the value of your Contract Value, you are entitled to a Benefit Payment each Benefit Year until the death of the SureIncome Covered Life (as defined below), subject to certain restrictions. The SureIncome For Life Option also provides an additional death benefit option. The SureIncome For Life Option guarantees an amount up to the "BENEFIT PAYMENT REMAINING" which will be available for withdrawal from the Contract each "BENEFIT YEAR" as long as the SureIncome Covered Life is alive, subject to certain restrictions. The "SUREINCOME COVERED LIFE" is the oldest Contract Owner, or the oldest Annuitant if the Contact Owner is a non-living entity, on the Rider Date. If the Contract Value is reduced to zero and the Benefit Payment is still greater than zero, we will distribute an amount equal to the Benefit Payment each year to the Contract Owner as described below under the "WITHDRAWAL BENEFIT PAYOUT PHASE" as long as the SureIncome Covered Life is alive. Prior to the commencement of the Withdrawal Benefit Payout Phase, the SureIncome For Life Option also provides an additional death benefit option, the SureIncome Return of Premium Death Benefit ("SUREINCOME ROP DEATH BENEFIT"). This Option is described below under "DEATH OF OWNER OR ANNUITANT" and in the DEATH BENEFITS section starting on page 72. For purposes of the SureIncome For Life Option, "withdrawal" means the gross amount of a withdrawal before any applicable charges such as withdrawal charges, fees, taxes or adjustments including any applicable Market Value Adjustments and surrender charges. Under the SureIncome For Life Option, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. The "RIDER DATE" is the date the SureIncome For Life Option was made a part of your Contract. The initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The SureIncome For Life Option is available at issue of the Contract, or may be added later, subject to availability and issue requirements. You may not add the SureIncome For Life Option to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the SureIncome For Life Option. Currently, you may have only one Withdrawal Benefit Option in effect on your Contract at one time. You may only have one of the following in effect on your Contract at the same time: a Withdrawal Benefit Option, a TrueReturn Option, or a Retirement Income Guarantee Option. The SureIncome For Life Option is only available if the oldest Contract Owner or the oldest Annuitant, if the Contract Owner is a non-living entity (i.e., the SureIncome Covered Life) is between the ages of 50 and 79, inclusive, on the effective date of the Rider (the "Rider Application Date"). (The maximum age may depend on your state.) The SureIncome For Life Option may not be added to a Contract categorized as a Tax Sheltered Annuity as defined under Internal Revenue Code Section 403(b) at this time. We reserve the right to make the SureIncome For Life Option available to such Contracts on a nondiscriminatory basis in the future at our discretion. Once added to your Contract, the SureIncome For Life Option may not be cancelled at any time. We may discontinue offering the SureIncome For Life Option at any time to new Contract Owners and to existing Contract Owners who did not elect the SureIncome For Life Option prior to the date of discontinuance. WITHDRAWAL BENEFIT FACTOR The "WITHDRAWAL BENEFIT FACTOR" is used to determine the "BENEFIT PAYMENT" and Benefit Payment Remaining. Prior to the earlier of the date of the first withdrawal after the issuance of the SureIncome For Life Option or the date the Contract enters the Withdrawal Benefit Payout Phase, the Withdrawal Benefit Factor used in these determinations may change as shown below. Generally speaking, during this period the Withdrawal Benefit Factor will increase as the SureIncome Covered Life grows older. On the earlier of the date of the first withdrawal after the issuance of the SureIncome for Life Option or the date the Contract enters the Withdrawal Benefit Payout Phase, the Withdrawal Benefit Factor will be fixed at the then applicable rate, based on the then current attained age of the SureIncome Covered Life, and will be used in all subsequent determinations of Benefit Payments and Benefit Payments Remaining. AFTER THIS ---------- DATE THE WITHDRAWAL BENEFIT FACTOR WILL NOT CHANGE. - --------------------------------------------------- 41 PROSPECTUS

We currently offer the following Withdrawal Benefit Factors: Attained Age of SureIncome Covered Life Withdrawal Benefit Factor ----------------------- ------------------------- 50-59 4% 60-69 5% 70+ 6% The Withdrawal Benefit Factors and age ranges applicable to your Contract are set on the Rider Date. They cannot be changed after the SureIncome For Life Option has been added to your Contract. We reserve the right to make other Withdrawal Benefit Factors available in the future for new SureIncome For Life Options, change the age ranges to which they apply, and/or to eliminate currently available Withdrawal Benefit Factors. BENEFIT PAYMENT AND BENEFIT PAYMENT REMAINING The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. The Withdrawal Benefit Factor and the Benefit Base are used to determine your Benefit Payment. The Benefit Payment Remaining is the amount remaining after any previous withdrawals in a Benefit Year that you may withdraw without reducing your Benefit Base and your SureIncome ROP Death Benefit by more than the amount of the withdrawal and without reducing your Benefit Payment available in future Benefit Years. Please note that any premiums or withdrawals made on a Contract Anniversary are applied to the Benefit Year that just ended on that Contract Anniversary. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. On the Rider Date, the Benefit Payment is equal to the Contract Value multiplied by the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life. After the Rider Date, the Benefit Payment and Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life. On the date of the first withdrawal after the Rider Date the Benefit Payment and Benefit Payment Remaining will equal the Withdrawal Benefit Factor based on the current attained age of the SureIncome Covered Life multiplied by the Benefit Base immediately after application of any purchase payments, but prior to the withdrawal on that date. THE WITHDRAWAL BENEFIT FACTOR USED IN ALL FUTURE CALCULATIONS WILL NOT ---------------------------------------------------------------------- CHANGE. - ------- After the first withdrawal, the Benefit Payment Remaining will be increased by purchase payments multiplied by the Withdrawal Benefit Factor. The Benefit Payment Remaining is reduced by the amount of any withdrawal. The Benefit Payment Remaining will never be less than zero. After the first withdrawal, the Benefit Payment will be increased by purchase payments multiplied by the Withdrawal Benefit Factor. The Benefit Payment is affected by withdrawals as follows: .. If a withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged. .. If a withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of: . The Benefit Payment immediately prior to the withdrawal; or . The Benefit Base immediately after the withdrawal multiplied by the Withdrawal Benefit Factor. IF THE BENEFIT PAYMENT IS REDUCED TO ZERO, THE SUREINCOME FOR LIFE OPTION WILL TERMINATE. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Payment may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Payment will be recalculated to the greater of: .. The Benefit Payment following application of all purchase payments and withdrawals on that Contract Anniversary; or .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses, multiplied by the Withdrawal Benefit Factor currently applicable. The Benefit Payment Remaining at the time of a withdrawal during a calendar year will be increased on a nondiscriminatory basis in order to satisfy IRS minimum distribution requirements on the Contract under which this Option has been elected. The Benefit Payment Remaining will be increased by the excess of the IRS minimum distribution required on the Contract as calculated at the end of the previous calendar year and the Benefit Payment at the end of the previous calendar year. For the purposes of this calculation, the Benefit Payment Remaining will not be increased if a Withdrawal Benefit Option was not attached to this Contract as of the end of the previous calendar year. Note that any systematic withdrawal programs designed to satisfy IRS minimum distribution requirements may need to be modified to ensure guarantees under this Option are not impacted by the withdrawals. This modification may result in uneven payment amounts throughout the year. BENEFIT BASE The Benefit Base is not available as a Contract Value or Settlement Value. The Benefit Base is used solely to help calculate the Rider Fee, the amount that may be withdrawn and payments that may be received under the 42 PROSPECTUS

SureIncome For Life Option. On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The Benefit Base immediately prior to withdrawal less the amount of the withdrawal (this value cannot be less than zero). As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome For Life Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge that may be applicable. On each of the ten Contract Anniversaries after the Rider Date, the amount of the Benefit Base may be increased based upon the maximum anniversary value of the Contract according to the following calculation. The Benefit Base will be recalculated to the greater of: .. The Benefit Base following the application of all purchase payments and withdrawals on that Contract Anniversary; and .. The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and expenses. For numerical examples that illustrate how the values defined under the SureIncome For Life Option are calculated, see Appendix J. CONTRACT VALUE If your Contract Value is reduced to zero due to fees or withdrawals and your Benefit Payment is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase. Under the SureIncome For Life Option, we currently do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value. We reserve the right to change this at any time. WITHDRAWAL BENEFIT PAYOUT PHASE Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase. The "WITHDRAWAL BENEFIT PAYOUT START DATE" is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends. No further withdrawals, purchase payments or any other actions associated with the Accumulation Phase of the Contract can be made after the Withdrawal Benefit Payout Start Date. Since the Accumulation Phase of the Contract ends at this point, the SureIncome ROP Death Benefit no longer applies. Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year after the Withdrawal Benefit Payout Start Date. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice. During the Withdrawal Benefit Payout Phase, we will make scheduled fixed income payments to the Owner (or new Contract Owner) at the end of each month starting one month after the Payout Start Date. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested. The request must be in a form acceptable to us and processed by us before the first payment is made. (The amount of each payment will be adjusted accordingly; i.e. if the payment frequency requested is quarterly, the amount of each payment will be equal to the Benefit Payment divided by 4.) Payments will be made until the later of the death of the SureIncome Covered Life or over a period certain based on the total payments made equaling at least the Benefit Base on the Payout Start Date. If your Contract is subject to Internal Revenue Code Section 401(a)(9), the period certain cannot exceed that which is required by such section and the regulations promulgated thereunder. Therefore, the amount of each payment under the SureIncome For Life Option may be larger during the period certain so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, if your Contract is subject to Internal Revenue Code Section 401(a)(9), we will not permit a change in the payment frequency or level. If your Contract is not subject to Internal Revenue Code Section 401(a)(9), we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year. If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Contract Owner as scheduled. Once all scheduled payments have been paid, the Contract will terminate. Generally, you may not make withdrawals, purchase payments or take any other actions associated with the Accumulation Phase after the commencement of the Withdrawal Benefit Payout Start Date. 43 PROSPECTUS

INVESTMENT REQUIREMENTS If you add a SureIncome For Life Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. These requirements are described in "INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS)" below. DEATH OF OWNER OR ANNUITANT If the SureIncome Covered Life dies during the Accumulation Phase of the Contract, the SureIncome For Life Option will terminate on the date of the SureIncome Covered Life's death. If the Contract Owner or the Annuitant who is not the SureIncome Covered Life dies and the Contract is continued under Option D of the Death of Owner or Death of Annuitant provisions of your Contract, then the SureIncome For Life Option will continue unless the Contract Owner (or new Contract Owner) elects to cancel the SureIncome For Life Option. If the SureIncome For Life Option is continued, it will remain in effect until terminated. If the Contract is not continued under Option D, then the SureIncome For Life Option will terminate on the date we receive a Complete Request for Settlement of the Death Proceeds. The SureIncome For Life Option also makes available the SureIncome ROP Death Benefit. The SureIncome ROP Death Benefit is only available upon the death of the SureIncome Covered Life. If a Contract Owner, Annuitant or Co-Annuitant who is not the SureIncome Covered Life dies, the SureIncome ROP Death Benefit is not applicable. On the Rider Date, the SureIncome ROP Death Benefit is equal to the Contract Value. After the Rider Date, the SureIncome ROP Death Benefit will be increased by purchase payments and decreased by withdrawals as follows: .. If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be reduced by the amount of the withdrawal. .. If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the SureIncome ROP Death Benefit will be the lesser of: . The Contract Value immediately prior to withdrawal less the amount of the withdrawal; or . The SureIncome ROP Death Benefit immediately prior to withdrawal less the amount of the withdrawal. As used in the above calculation, Contract Value incorporates the impact of any purchase payments received on the date of this withdrawal, but before the application of any SureIncome For Life Withdrawal Benefit Option Fee, Spousal Protection Benefit Option Fee, Spousal Protection Benefit Option for Custodial Individual Retirement Accounts Fee or Contract Maintenance Charge applicable. For numerical examples that illustrate how the SureIncome ROP Death Benefit under the SureIncome For Life Option is calculated, see Appendix J. Refer to the DEATH BENEFITS section (page 72) for more details on the SureIncome ROP Death Benefit. TERMINATION OF THE SUREINCOME FOR LIFE OPTION The SureIncome For Life Option will terminate on the earliest of the following to occur: .. The Benefit Payment is reduced to zero; .. On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under the Withdrawal Benefit Payout Phase section); .. On the date the Contract is terminated; .. On the date the SureIncome Covered Life is removed from the Contract for any reason, and is no longer a Contract Owner or Annuitant under the Contract (if the Covered Life continues as only the Beneficiary, the Option will terminate); .. On the date the SureIncome For Life Option is cancelled as detailed under Death of Owner or Annuitant section above; .. On the date we receive a Complete Request for Settlement of the Death Proceeds; or .. On the date the SureIncome Covered Life dies if the SureIncome Covered Life dies prior to the Payout Start Date. INVESTMENT REQUIREMENTS (APPLICABLE TO ALL WITHDRAWAL BENEFIT OPTIONS) If you add a Withdrawal Benefit Option to your Contract, you must adhere to certain requirements related to the investment alternatives in which you may invest. The specific requirements are described below in more detail and will depend on your current Model Portfolio Option and your Withdrawal Benefit Factor(s). These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-Accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-Accounts, and restrictions on transfers to or from certain investment alternatives. We may also require that you use the Automatic Portfolio Rebalancing Program. We may change the specific requirements that are applicable at any time in our sole discretion. Any changes we make will not apply to a Withdrawal Benefit Option that was made a part of your Contract prior to the implementation date of the change, except for changes made due to a change in investment alternatives available under the Contract. This restriction does not apply to a New SureIncome Option or to a New Option elected pursuant to the Rider Trade-In Option. We reserve the right to have requirements 44 PROSPECTUS

unique to specific Withdrawal Benefit Factors if we make other Withdrawal Benefit Factors available in the future including specific model portfolio options ("Model Portfolio Options") as described below available only to certain Withdrawal Benefit Factors. When you add a Withdrawal Benefit Option to your Contract, you must allocate your entire Contract Value as follows: (1) to the Model Portfolio Option available as described below; (2)to the DCA Fixed Account Option and then transfer all purchase payments and interest to the Model Portfolio Option; or (3) to a combination of (1) and (2) above. With respect to (2) and (3) above, the requirements for the DCA Fixed Account Option must be met. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. On the Rider Date, you must select the Variable Sub-Accounts available under your Model Portfolio Option to which to allocate your Contract Value. We currently offer one Model Portfolio Option. Please refer to the Model Portfolio Option section of this prospectus for more details. We may add other Model Portfolio Options in the future. We also may remove Model Portfolio Options in the future anytime prior to the date you select such Model Portfolio Option. In addition, if the investment alternatives available under the Contract change, we may revise the Model Portfolio Options. The following is the Model Portfolio Option currently available for use: * Model Portfolio Option 1 - ---------------------------------------- You may not allocate any of your Contract Value to the Standard Fixed Account Option or to the Market Value Adjusted Fixed Account Option. You must transfer any portion of your Contract Value that is allocated to the Standard Fixed Account Option or to the Market Value Adjusted Fixed Account Option to the Variable Sub-Accounts prior to adding a Withdrawal Benefit Option to your Contract. Transfers from the Market Value Adjusted Fixed Account Option may be subject to a Market Value Adjustment. You may allocate any portion of your purchase payments to the DCA Fixed Account Option on the Rider Date, provided the DCA Fixed Account Option is available with your Contract and in your state. See the "Dollar Cost Averaging Fixed Account Option" section of this prospectus for more information. We use the term "Transfer Period Account" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. At the expiration of a Transfer Period Account, any remaining amounts in the Transfer Period Account will be transferred to the Variable Sub-Accounts according to your most recent percentage allocation selections for your Model Portfolio Option. Any subsequent purchase payments made to your Contract will be allocated to the Variable Sub-Accounts according to your specific instructions or your allocation for the previous purchase payment (for Model Portfolio Option 1) unless you request that the purchase payment be allocated to the DCA Fixed Account Option. Purchase payments allocated to the DCA Fixed Account Option must be $100 or more. Any withdrawals you request will reduce your Contract Value invested in each of the investment alternatives on a pro rata basis in the proportion that your Contract Value in each bears to your total Contract Value in all investment alternatives, unless you request otherwise. MODEL PORTFOLIO OPTION 1. Under Model Portfolio Option 1, we have divided the Variable Sub-Accounts into two separate categories: "Available" and "Excluded." Currently, you may allocate up to 100% of your Contract Value to the Available Variable Sub-Accounts in any manner you choose. You may not allocate ANY PORTION of your Contract Value to the Excluded Variable Sub-Accounts. You may make transfers among any of the Available Variable Sub-Accounts. However, each transfer you make will count against the 12 transfers you can make each Contract Year without paying a transfer fee. 45 PROSPECTUS

Currently the Available Variable Sub-Accounts and the Excluded Variable Sub-Accounts are as follows (1, 4): Available Fidelity VIP Freedom Income - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (3) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (3) Fidelity VIP Index 500 - Service Class 2 Sub-Account (3) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (3) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Franklin U.S. Government - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (3) FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (5) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT Income - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT Money Market - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Voyager - Class IB Sub-Account STI Classic Capital Appreciation Sub-Account STI Classic Large Cap Relative Value Sub-Account STI Classic International Equity Sub-Account STI Classic Investment Grade Bond Sub-Account STI Classic Small Cap Value Equity Sub-Account STI Classic Large Cap Value Equity Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen LIT Money Market, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (2) Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (2)(3) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) EXCLUDED Fidelity VIP Growth Stock - Service Class 2 Sub-Account (3) Oppenheimer Global Securities/VA - Service Shares Sub-Account Putnam VT Vista - Class IB Sub-Account STI Classic Mid-Cap Equity Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Small Company Growth, Class II Sub-Account (2) 1) Effective October 1, 2004, the following Variable Sub-Accounts closed to new investments: the Putnam VT Health Sciences - Class IB Sub-Account, the Putnam VT New Opportunities - Class IB Sub-Account, the Putnam VT Research - Class IB Sub-Account, and the Putnam VT Utilities Growth and Income - Class IB Sub-Account.* 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 4) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments.* 5) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. * AS NOTED ABOVE, CERTAIN VARIABLE SUB-ACCOUNTS ARE CLOSED TO NEW INVESTMENTS. IF YOU INVESTED IN THESE VARIABLE SUB-ACCOUNTS PRIOR TO THE EFFECTIVE CLOSE DATE, YOU MAY CONTINUE YOUR INVESTMENTS. IF PRIOR TO THE EFFECTIVE CLOSE DATE, YOU ENROLLED IN ONE OF OUR AUTOMATIC TRANSACTION PROGRAMS, SUCH AS AUTOMATIC ADDITIONS, PORTFOLIO REBALANCING OR DOLLAR COST AVERAGING, WE WILL CONTINUE TO EFFECT AUTOMATIC TRANSACTIONS TO THESE VARIABLE SUB-ACCOUNTS IN ACCORDANCE WITH THAT PROGRAM. OUTSIDE OF THESE AUTOMATIC TRANSACTION PROGRAMS, ADDITIONAL ALLOCATIONS WILL NOT BE ALLOWED. IF YOU CHOOSE TO ADD ANY WITHDRAWAL BENEFIT OPTION ON OR AFTER THE EFFECTIVE CLOSE DATE, YOU MUST TRANSFER ANY PORTION OF YOUR CONTRACT VALUE THAT IS ALLOCATED TO THESE VARIABLE SUB-ACCOUNTS TO ANY OF THE REMAINING VARIABLE SUB-ACCOUNTS AVAILABLE WITH A WITHDRAWAL BENEFIT OPTION PRIOR TO ADDING IT TO YOUR CONTRACT. 46 PROSPECTUS

INVESTMENT ALTERNATIVES: THE VARIABLE SUB-ACCOUNTS - -------------------------------------------------------------------------------- You may allocate your purchase payments to up to 61* Variable Sub-Accounts. Each Variable Sub-Account invests in the shares of a corresponding Portfolio. Each Portfolio has its own investment objective(s) and policies. We briefly describe the Portfolios below. For more complete information about each Portfolio, including expenses and risks associated with each Portfolio, please refer to the prospectuses for the Funds. We will mail to you a prospectus for each Portfolio related to the Variable Sub-Accounts to which you allocate your purchase payment. YOU SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INVESTMENT ALTERNATIVES WHEN MAKING AN ALLOCATION TO THE VARIABLE SUB-ACCOUNTS. TO OBTAIN ANY OR ALL OF THE UNDERLYING PORTFOLIO PROSPECTUSES, PLEASE CONTACT US AT 1-800-203-0068 OR GO TO WWW.ACCESSALLSTATE.COM. *Up to five additional Variable Sub-Accounts may be available depending on the date you purchased your Contract. Please see page 50 for information about Sub-Account and/or Portfolio liquidations, mergers, closures and name changes. PORTFOLIO: EACH PORTFOLIO SEEKS: INVESTMENT ADVISER: Fidelity VIP Long-term capital Contrafund(R) Portfolio appreciation - - Service Class 2 - ------------------------------------------------------- Fidelity VIP Freedom High total return with a 2010 Portfolio - Service secondary objective of Class 2 principal preservation as the fund approaches its target date and beyond - ------------------------------------------------------- Fidelity VIP Freedom High total return with a 2020 Portfolio - Service secondary objective of Class 2 principal preservation as the fund approaches its target date and beyond - ------------------------------------------------------- Fidelity VIP Freedom High total return with a Fidelity Management & 2030 Portfolio - Service secondary objective of Research Company Class 2 principal preservation as the fund approaches its target date and beyond - ------------------------------------------------------- Fidelity VIP Freedom High total return with a Income Portfolio - secondary objective of Service Class 2 principal preservation - ------------------------------------------------------- Fidelity VIP Growth To achieve capital Stock Portfolio - appreciation Service Class 2 - ------------------------------------------------------- Fidelity VIP Index 500 Investment results that Portfolio - Service correspond to the total Class 2 return of common stocks publicly traded in the United States as represented by the Standard & Poor's 500(SM) Index (S&P 500(R)) - ------------------------------------------------------- Fidelity VIP Mid Cap Long-term growth of capital Portfolio - Service Class 2 - ------------------------------------------------------- FTVIP Franklin Growth Capital appreciation with and Income Securities current income as a Fund - Class 2 secondary goal. - ------------------------------------------------------- FTVIP Franklin Income To maximize income while Franklin Advisers, Inc. Securities Fund - Class maintaining prospects for 2 capital appreciation. - ------------------------------------------------------- FTVIP Franklin Large Cap Capital appreciation Growth Securities Fund - Class 2 - ------------------------------------------------------- FTVIP Franklin Small Cap Long-term total return. Franklin Advisory Value Securities Fund - Services, LLC Class 2 - ------------------------------------------------------------------------------- FTVIP Franklin U.S. Income Government Fund - Class 2 Franklin Advisers, Inc. FTVIP Mutual Discovery Capital appreciation with Securities Fund - Class current income as a 2 secondary goal. FTVIP Mutual Shares Capital appreciation with Franklin Mutual Securities Fund - Class income as a secondary goal Advisers, LLC 2 ------------------------ FTVIP Templeton Long-term capital Templeton Asset Developing Markets appreciation. Management Ltd. Securities Fund - Class 2 - ------------------------------------------------------------------------------- 47 PROSPECTUS

FTVIP Templeton Foreign Long-term capital growth. Templeton Investment Securities Fund - Class Counsel, LLC 2 - ------------------------------------------------------------------------------- Lord Abbett Series Fund Long-term growth of capital - - All Value Portfolio and income without excessive fluctuations in market value - ------------------------------------------------------- Lord Abbett Series Fund High current income and the - - Bond-Debenture opportunity for capital Portfolio appreciation to produce a high total return - -------------------------------------------------------Lord, Abbett & Co. LLC Lord Abbett Series Fund Long-term growth of capital - - Growth and Income and income without Portfolio excessive fluctuations in market value - ------------------------------------------------------- Lord Abbett Series Fund Capital appreciation - - Growth Opportunities Portfolio - ------------------------------------------------------- Lord Abbett Series Fund Capital appreciation - - Mid-Cap Value through investments, Portfolio primarily in equity securities, which are believed to be undervalued in the marketplace - ------------------------------------------------------------------------------- Oppenheimer MidCap Capital appreciation by Fund/VA - Service investing in ''growth Shares/(1)/ type'' companies. - ------------------------------------------------------- Oppenheimer Balanced A high total investment Fund/VA - Service Shares return, which includes current income and capital appreciation in the value of its shares. Oppenheimer Capital Capital appreciation by Appreciation Fund/VA - investing in securities of Service Shares well-known, established companies. ----------------------------- Oppenheimer Core Bond High level of current Fund/VA - Service Shares income. As a secondary objective, the Portfolio seeks capital appreciation when consistent with its primary objective. -----------------------------OppenheimerFunds, Inc. Oppenheimer Global Long-term capital Securities Fund/VA - appreciation by investing a Service Shares substantial portion of assets in securities of foreign issuers, growth-type companies, cyclical industries and special situations that are considered to have appreciation possibilities. Oppenheimer High Income A high level of current Fund/VA - Service Shares income from investment in high-yield fixed-income securities. - ------------------------------------------------------- Oppenheimer Main Street High total return (which Fund(R)/VA - Service includes growth in the Shares value of its shares as well as current income) from equity and debt securities. Oppenheimer Main Street Capital appreciation. Small Cap Fund(R)/VA - Service Shares - ------------------------------------------------------------------------------- Oppenheimer Strategic A high level of current Bond Fund/VA - Service income principally derived Shares from interest on debt securities. - ------------------------------------------------------- 48 PROSPECTUS

Putnam VT Global Asset A high level of long-term Allocation Fund - Class total return consistent IB with preservation of capital. - ------------------------------------------------------- Putnam VT Growth and Capital growth and current Income Fund - Class IB income. - ------------------------------------------------------- Putnam VT Health Capital appreciation. Sciences Fund - Class IB/(2)/ - ------------------------------------------------------- Putnam VT High Yield High current income. Fund - Class IB Capital growth is a secondary goal when consistent with achieving high current income. - ------------------------------------------------------- Putnam VT Income Fund - High current income Class IB consistent with what Putnam Management believes to be prudent risk. - -------------------------------------------------------Putnam Investment Putnam VT International Capital appreciation. Management, LLC Equity Fund - Class IB ("Putnam Management") - ------------------------------------------------------- Putnam VT Investors Fund Long-term growth of capital - - Class IB and any increased income that results from this growth. - ------------------------------------------------------- Putnam VT Money Market As high a rate of current Fund - Class IB income as Putnam Management believes is consistent with preservation of capital and maintenance of liquidity. - ------------------------------------------------------- Putnam VT New Long-term capital Opportunities Fund - appreciation. Class IB/(2)/ - ------------------------------------------------------- Putnam VT New Value Fund Long-term capital - - Class IB appreciation. - ------------------------------------------------------- Putnam VT Research Fund Capital appreciation. - - Class IB/(2)/ - ------------------------------------------------------- Putnam VT The George To provide a balanced Putnam Fund of Boston - investment composed of a Class IB well diversified portfolio of value stocks and bonds, which produce both capital growth and current income. Putnam VT Utilities Capital growth and current Growth and Income Fund - income. Class IB/(2)/ - ------------------------------------------------------- Putnam VT Vista Fund - Capital appreciation. Class IB - ------------------------------------------------------- Putnam VT Voyager Fund - Capital appreciation. Class IB - ------------------------------------------------------------------------------- STI Classic Capital Capital appreciation Appreciation Fund - ------------------------------------------------------- STI Classic Long-term capital International Equity appreciation Fund - ------------------------------------------------------- STI Classic Investment High total return through Grade Bond Fund current income and capital appreciation, while Trusco Capital preserving the principal Management, Inc. amount invested - ------------------------------------------------------- STI Classic Large Cap Long-term capital Relative Value Fund appreciation with the secondary goal of current income - ------------------------------------------------------- STI Classic Large Cap Capital appreciation with Value Equity Fund the secondary goal of current income - ------------------------------------------------------- STI Classic Mid-Cap Capital appreciation Equity Fund - ------------------------------------------------------- STI Classic Small Cap Capital appreciation with Value Equity Fund the secondary goal of current income - ------------------------------------------------------------------------------- 49 PROSPECTUS

Van Kampen LIT Capital growth Aggressive Growth Portfolio, Class II/(3)/ Van Kampen LIT Comstock Capital growth and income Portfolio, Class II through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred Van Kampen Asset stocks. Management Van Kampen LIT Emerging Capital appreciation. Growth Portfolio, Class II Van Kampen LIT Growth Long-term growth of capital and Income Portfolio, and income. Class II - ------------------------------------------------------- Van Kampen LIT Money Protection of capital and Market Portfolio, Class high current income through II investments in money market instruments. Van Kampen UIF Emerging High total return by Markets Debt Portfolio, investing primarily in Class II fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries. Van Kampen UIF Equity Capital appreciation and and Income Portfolio, current income Class II - ------------------------------------------------------------------------------- Van Kampen UIF Equity Long-term capital Growth Portfolio, Class appreciation by investing II primarily in growth-oriented equity securities of U.S. and foreign companies - ------------------------------------------------------- Van Kampen UIF Global Long-term capital Franchise Portfolio, appreciation Class II - ------------------------------------------------------- Van Kampen UIF Mid Cap Long-term capital growth by Van Kampen/(4)/ Growth Portfolio, Class investing primarily in II growth-oriented equity securities of U.S. mid cap companies and foreign companies, including emerging markets securities. - ------------------------------------------------------- Van Kampen UIF Small Long-term capital Company Growth appreciation by investing Portfolio, Class II primarily in growth-oriented equity securities of small companies. - ------------------------------------------------------- Van Kampen UIF U.S. Mid Above-average total return Cap Value Portfolio, over a market cycle of Class II three to five years by investing in common stocks and other equity securities - ------------------------------------------------------- Van Kampen UIF U.S. Real Above average current Estate Portfolio, Class income and long-term II capital appreciation by investing primarily in equity securities of companies in the U.S. real estate industry, including real estate investment trusts - ------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. (2) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. If you invested in this Variable Sub-Account prior to May 1, 2006, you may continue your investment. If prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. 50 PROSPECTUS

(4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances as Van Kampen. AMOUNTS YOU ALLOCATE TO VARIABLE SUB-ACCOUNTS MAY GROW IN VALUE, DECLINE IN VALUE, OR GROW LESS THAN YOU EXPECT, DEPENDING ON THE INVESTMENT PERFORMANCE OF THE PORTFOLIOS IN WHICH THOSE VARIABLE SUB-ACCOUNTS INVEST. YOU BEAR THE INVESTMENT RISK THAT THE PORTFOLIOS MIGHT NOT MEET THEIR INVESTMENT OBJECTIVES. SHARES OF THE PORTFOLIOS ARE NOT DEPOSITS, OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED BY ANY BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY. VARIABLE INSURANCE PORTFOLIOS MIGHT NOT BE MANAGED BY THE SAME PORTFOLIO MANAGERS WHO MANAGE RETAIL MUTUAL FUNDS WITH SIMILAR NAMES. THESE PORTFOLIOS ARE LIKELY TO DIFFER FROM SIMILARLY NAMED RETAIL FUNDS IN ASSETS, CASH FLOW, AND TAX MATTERS. ACCORDINGLY, THE HOLDINGS AND RESULTS OF A VARIABLE INSURANCE PORTFOLIO CAN BE EXPECTED TO BE HIGHER OR LOWER THAN THE INVESTMENT RESULTS OF A SIMILARLY NAMED RETAIL MUTUAL FUND. INVESTMENT ALTERNATIVES: THE FIXED ACCOUNT OPTIONS - -------------------------------------------------------------------------------- You may allocate all or a portion of your purchase payments to the Fixed Account Options. The Fixed Account Options we offer include the DOLLAR COST AVERAGING FIXED ACCOUNT OPTION, the STANDARD FIXED ACCOUNT OPTION, and the MARKET VALUE ADJUSTED FIXED ACCOUNT OPTION. We may offer additional Fixed Account Options in the future. Some Options are not available in all states. In addition, Allstate Life may limit the availability of some Fixed Account Options. Please consult with your representative for current information. The Fixed Account supports our insurance and annuity obligations. The Fixed Account consists of our general assets other than those in segregated asset accounts. We have sole discretion to invest the assets of the Fixed Account, subject to applicable law. Any money you allocate to the Fixed Account does not entitle you to share in the investment experience of the Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNT OPTION The Dollar Cost Averaging Fixed Account Option ("DCA Fixed Account Option") is one of the investment alternatives that you can use to establish a Dollar Cost Averaging Program, as described on page 57. This option allows you to allocate purchase payments to the Fixed Account that will then automatically be transferred, along with interest, in equal monthly installments to the investment alternatives that you have selected. In the future, we may offer other installment frequencies in our discretion. Each purchase payment allocated to the DCA Fixed Account Option must be at least $100. At the time you allocate a purchase payment to the DCA Fixed Account Option, you must specify the term length over which the transfers are to take place. We use the term "TRANSFER PERIOD ACCOUNT" to refer to each purchase payment allocation made to the DCA Fixed Account Option for a specified term length. You establish a new Transfer Period Account each time you allocate a purchase payment to the DCA Fixed Account Option. We currently offer term lengths from which you may select for your Transfer Period Account(s), ranging from 3 to 12 months. We may modify or eliminate the term lengths we offer in the future. Refer to Appendix A for more information. Your purchase payments will earn interest while in the DCA Fixed Account Option at the interest rate in effect at the time of the allocation, depending on the term length chosen for the Transfer Period Account and the type of Contract you have. The interest rates may also differ from those available for other Fixed Account Options. The minimum interest rate associated with the DCA Fixed Account Option is based upon state requirements and the date an application to purchase a Contract is signed. The minimum interest rate will not change after Contract issue. You must transfer all of your money, plus accumulated interest, out of a Transfer Period Account to other investment alternatives in equal monthly installments during the term of the Transfer Period Account. We reserve the right to restrict the investment alternatives available for transfers from any Transfer Period Account. You may not transfer money from the Transfer Period Account to any of the Fixed Account Options available under your Contract.The first transfer will occur on the next Valuation Date after you establish a Transfer Period Account. If we do not receive an allocation instruction from you when we receive the purchase payment, we will transfer each installment to the Putnam VT Money Market - Class IB Sub-Account until we receive a different allocation instruction. At the expiration of a Transfer Period Account any remaining amounts in the Transfer Period Account will be transferred to the Putnam VT Money Market - Class IB Sub-Account unless you request a different investment alternative. Transferring Contract Value to the Putnam VT Money Market - Class IB Sub-Account in this manner may not be consistent with the theory of dollar cost averaging described on page 57. If you discontinue the DCA Fixed Account Option before the expiration of a Transfer Period Account, we will transfer any remaining amount in the Transfer Period 51 PROSPECTUS

Account to the Putnam VT Money Market - Class IB Sub-Account unless you request a different investment alternative. If you have a TrueReturn Option or Withdrawal Benefit Option, at the expiration of a Transfer Period Account or if you discontinue the DCA Fixed Account Option any amounts remaining in the Transfer Period Account will be transferred according to the investment requirements applicable to the Option you selected. You may not transfer money into the DCA Fixed Account Option or add to an existing Transfer Period Account. You may not use the Automatic Additions Program to allocate purchase payments to the DCA Fixed Account Option. The DCA Fixed Account Option currently is not available if you have selected the ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION. The DCA Fixed Account Option may not be available in your state. Please check with your sales representative for availability. STANDARD FIXED ACCOUNT OPTION You may allocate purchase payments or transfer amounts into the Standard Fixed Account Option. Each such allocation establishes a "GUARANTEE PERIOD ACCOUNT" within the Standard Fixed Account Option ("Standard Fixed Guarantee Period Account"), which is defined by the date of the allocation and the length of the initial interest rate guarantee period ("STANDARD FIXED GUARANTEE PERIOD"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Standard Fixed Guarantee Period Account must be at least $100. At the time you allocate a purchase payment or transfer amount to the Standard Fixed Account Option, you must select the Guarantee Period for that allocation from among the available Standard Fixed Guarantee Periods. For Allstate Advisor Contracts, we currently offer Standard Fixed Guarantee Periods of 1, 3, 5 and 7 years in length. For Allstate Advisor Preferred Contracts, we currently are not offering the Standard Fixed Account Option. Refer to Appendix A for more information. We may offer other Guarantee Periods in the future. If you allocate a purchase payment to the Standard Fixed Account Option, but do not select a Standard Fixed Guarantee Period for the new Standard Fixed Guarantee Period Account, we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account with the same Standard Fixed Guarantee Period as the Standard Fixed Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that Standard Fixed Guarantee Period, then we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account with the next shortest term currently offered. If you have not made a prior allocation to a Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Standard Fixed Guarantee Period Account of the shortest Standard Fixed Guarantee Period we are offering at that time. Some Standard Fixed Guarantee Periods are not available in all states. Please check with your sales representative for availability. The amount you allocate to a Standard Fixed Guarantee Period Account will earn interest at the interest rate in effect for that Standard Fixed Guarantee Period at the time of the allocation. Interest rates may differ depending on the type of Contract you have and may also differ from those available for other Fixed Account Options. The minimum interest rate associated with the Standard Fixed Account Option is based upon state requirements and the date an application to purchase a Contract is signed. This minimum interest rate will not change after Contract issue. In any Contract Year, the combined amount of withdrawals and transfers from a Standard Fixed Guarantee Period Account may not exceed 30% of the amount used to establish that Standard Fixed Guarantee Period Account. This limitation is waived if you withdraw your entire Contract Value. It is also waived for amounts in a Standard Fixed Guarantee Period Account during the 30 days following its renewal date ("30-DAY WINDOW"), described below, and for a single withdrawal made by your surviving spouse within one year of continuing the Contract after your death. Amounts under the 30% limit that are not withdrawn in a Contract Year do not carry over to subsequent Contract Years. At the end of a Standard Fixed Guarantee Period and each year thereafter, we will declare a renewal interest rate that will be guaranteed for 1 year. Subsequent renewal dates will be on the anniversaries of the first renewal date. Prior to a renewal date, we will send you a notice that will outline the options available to you. During the 30-Day Window following the expiration of a Standard Fixed Guarantee Period Account, the 30% limit for transfers and withdrawals from that Guarantee Period Account is waived and you may elect to: .. transfer all or part of the money from the Standard Fixed Guarantee Period Account to establish a new Guarantee Period Account within the Standard Fixed Account Option or the Market Value Adjusted Fixed Account Option, if available; or .. transfer all or part of the money from the Standard Fixed Guarantee Period Account to other investment alternatives available at the time; or .. withdraw all or part of the money from the Standard Fixed Guarantee Period Account. Withdrawal charges and taxes may apply. 52 PROSPECTUS

Withdrawals taken to satisfy IRS minimum distribution rules will count against the 30% limit. The 30% limit will be waived for a Contract Year to the extent that: .. you have already exceeded the 30% limit and you must still make a withdrawal during that Contract Year to satisfy IRS minimum distribution rules; or .. you have not yet exceeded the 30% limit but you must make a withdrawal during that Contract Year to satisfy IRS minimum distribution rules, and such withdrawal will put you over the 30% limit. The money in the Standard Fixed Guarantee Period Account will earn interest at the declared renewal rate from the renewal date until the date we receive notification of your election. If we receive notification of your election to make a transfer or withdrawal from a renewing Standard Fixed Guarantee Period Account on or before the renewal date, the transfer or withdrawal will be deemed to have occurred on the renewal date. If we receive notification of your election to make a transfer or withdrawal from the renewing Standard Fixed Guarantee Period Account after the renewal date, but before the expiration of the 30-Day Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred from the renewing Standard Fixed Guarantee Period Account will continue to earn interest until the next renewal date at the declared renewal rate. If we do not receive notification from you within the 30-Day Window, we will assume that you have elected to renew the Standard Fixed Guarantee Period Account and the amount in the renewing Standard Fixed Guarantee Period Account will continue to earn interest at the declared renewal rate until the next renewal date, and will be subject to all restrictions of the Standard Fixed Account Option. The Standard Fixed Account Option currently is not available with the ALLSTATE ADVISOR PREFERRED CONTRACT. MARKET VALUE ADJUSTED FIXED ACCOUNT OPTION You may allocate purchase payments or transfer amounts into the Market Value Adjusted Fixed Account Option. Each such allocation establishes a Guarantee Period Account within the Market Value Adjusted Fixed Account Option ("Market Value Adjusted Fixed Guarantee Period Account"), which is defined by the date of the allocation and the length of the initial interest rate guarantee period ("MARKET VALUE ADJUSTED FIXED GUARANTEE PERIOD"). You may not allocate a purchase payment or transfer to any existing Guarantee Period Account. Each purchase payment or transfer allocated to a Market Value Adjusted Fixed Guarantee Period Account must be at least $100. At the time you allocate a purchase payment or transfer amount to the Market Value Adjusted Fixed Account Option, you must select the Guarantee Period for that allocation from among the Guarantee Periods available for the Market Value Adjusted Fixed Account Option ("Market Value Adjusted Fixed Guarantee Periods"). We currently offer Market Value Adjusted Fixed Guarantee Periods of 3, 5, 7, and 10 years. Refer to Appendix A for more information. We may offer other Guarantee Periods in the future. If you allocate a purchase payment to the Market Value Adjusted Fixed Account Option, but do not select a Market Value Adjusted Fixed Guarantee Period for the new Market Value Adjusted Fixed Guarantee Period Account, we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period as the Market Value Adjusted Fixed Guarantee Period Account of your most recent purchase payment or transfer. If we no longer offer that Market Value Adjusted Fixed Guarantee Period, then we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account with the next shortest term currently offered. If you have not made a prior allocation to a Market Value Adjusted Fixed Guarantee Period Account, then we will allocate the purchase payment or transfer to a new Market Value Adjusted Fixed Guarantee Period Account of the shortest Market Value Adjusted Fixed Guarantee Period we are offering at that time. The Market Value Adjusted Fixed Account Option is not available in all states. Please check with your sales representative for availability. The amount you allocate to a Market Value Adjusted Fixed Guarantee Period Account will earn interest at the interest rate in effect for that Market Value Adjusted Fixed Guarantee Period at the time of the allocation. Interest rates may differ depending on the type of Contract you have and may also differ from those available for other Fixed Account Options. Withdrawals and transfers from a Market Value Adjusted Fixed Guarantee Period Account may be subject to a Market Value Adjustment. A Market Value Adjustment may also apply to amounts in the Market Value Adjusted Fixed Account Option if we pay Death Proceeds or if the Payout Start Date begins on a day other than during the 30-day period after such Market Value Adjusted Fixed Guarantee Period Account expires ("30-Day MVA Window"). We will not make a Market Value Adjustment if you make a transfer or withdrawal during the 30-Day MVA Window. We apply a Market Value Adjustment to reflect changes in interest rates from the time you first allocate money to a Market Value Adjusted Fixed Guarantee Period Account to the time the money is taken out of that Market Value Adjusted Fixed Guarantee Period Account under the circumstances described above. We use the U.S. Treasury Note Constant Maturity Yield as reported in Federal Reserve Board Statistical Release H.15 ("TREASURY RATE") to calculate the Market Value Adjustment. We do so by comparing the Treasury Rate for a maturity equal to the Market Value Adjusted Fixed Guarantee Period at the time the Market Value Adjusted Fixed Guarantee Period Account is established with the 53 PROSPECTUS

Treasury Rate for the same maturity at the time the money is taken from the Market Value Adjusted Fixed Guarantee Period Account. The Market Value Adjustment may be positive or negative, depending on changes in interest rates. As such, you bear the investment risk associated with changes in interest rates. If interest rates have increased since the establishment of a Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment, together with any applicable withdrawal charges, premium taxes, and income tax withholdings could reduce the amount you receive upon full withdrawal from a Market Value Adjusted Fixed Guarantee Period Account to an amount less than the purchase payment used to establish that Market Value Adjusted Fixed Guarantee Period Account. Generally, if at the time you establish a Market Value Adjusted Fixed Guarantee Period Account, the Treasury Rate for a maturity equal to that Market Value Adjusted Fixed Guarantee Period is higher than the applicable Treasury Rate at the time money is to be taken from the Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment will be positive. Conversely, if at the time you establish a Market Value Adjusted Fixed Guarantee Period Account, the applicable Treasury Rate is lower than the applicable Treasury Rate at the time the money is to be taken from the Market Value Adjusted Fixed Guarantee Period Account, the Market Value Adjustment will be negative. For example, assume that you purchase a Contract and allocate part of the initial purchase payment to the Market Value Adjusted Fixed Account Option to establish a 5-year Market Value Adjusted Fixed Guarantee Period Account. Assume that the 5-year Treasury Rate at that time is 4.50%. Next, assume that at the end of the 3rd year, you withdraw money from the Market Value Adjusted Fixed Guarantee Period Account. If, at that time, the 5-year Treasury Rate is 4.20%, then the Market Value Adjustment will be positive. Conversely, if the 5-year Treasury Rate at that time is 4.80%, then the Market Value Adjustment will be negative. The formula used to calculate the Market Value Adjustment and numerical examples illustrating its application are shown in Appendix B of this prospectus. At the end of a Market Value Adjusted Fixed Guarantee Period, the Market Value Adjusted Fixed Guarantee Period Account expires and we will automatically transfer the money from such Guarantee Period Account to establish a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period, unless you notify us otherwise. The new Market Value Adjusted Fixed Guarantee Period Account will be established as of the day immediately following the expiration date of the expiring Market Value Adjusted Guarantee Period Account ("New Account Start Date.") If the Market Value Adjusted Fixed Guarantee Period is no longer being offered, we will establish a new Market Value Adjusted Fixed Guarantee Period Account with the next shortest Market Value Adjusted Fixed Guarantee Period available. Prior to the expiration date, we will send you a notice, which will outline the options available to you. During the 30-Day MVA Window a Market Value Adjustment will not be applied to transfers and withdrawals from the expiring Market Value Adjusted Fixed Guarantee Period Account and you may elect to: .. transfer all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account to establish a new Guarantee Period Account within the Standard Fixed Account Option or the Market Value Adjusted Fixed Account Option, if available; or .. transfer all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account to other investment alternatives available at the time; or .. withdraw all or part of the money from the Market Value Adjusted Fixed Guarantee Period Account. Withdrawal charges and taxes may apply. The money in the Market Value Adjusted Fixed Guarantee Period Account will earn interest at the interest rate declared for the new Market Value Adjusted Fixed Guarantee Period Account from the New Account Start Date until the date we receive notification of your election. If we receive notification of your election to make a transfer or withdrawal from an expiring Market Value Adjusted Fixed Guarantee Period Account on or before the New Account Start Date, the transfer or withdrawal will be deemed to have occurred on the New Account Start Date. If we receive notification of your election to make a transfer or withdrawal from the expiring Market Value Adjusted Fixed Guarantee Period Account after the New Account Start Date, but before the expiration of the 30-Day MVA Window, the transfer or withdrawal will be deemed to have occurred on the day we receive such notice. Any remaining balance not withdrawn or transferred will earn interest for the term of the new Market Value Adjusted Fixed Guarantee Period Account, at the interest rate declared for such Account. If we do not receive notification from you within the 30-Day Window, we will assume that you have elected to transfer the amount in the expiring Market Value Adjusted Fixed Guarantee Period Account to establish a new Market Value Adjusted Fixed Guarantee Period Account with the same Market Value Adjusted Fixed Guarantee Period, and the amount in the new Market Value Adjusted Fixed Guarantee Period Account will continue to earn interest at the interest rate declared for the new Market Value Adjusted Fixed Guarantee Period Account, and will be subject to all restrictions of the Market Value Adjusted Fixed Account Option. If we no longer offer that Market Value Adjusted Fixed Guarantee Period, the Market Value Adjusted Fixed Guarantee Period for the new Market Value Adjusted Fixed Guarantee Period Account will be the next shortest term length we offer for the Market Value Adjusted Fixed 54 PROSPECTUS

Account Option at that time, and the interest rate will be the rate declared by us at that time for such term. INVESTMENT ALTERNATIVES: TRANSFERS - -------------------------------------------------------------------------------- TRANSFERS DURING THE ACCUMULATION PHASE During the Accumulation Phase, you may transfer Contract Value among the investment alternatives. You may not transfer Contract Value to the DCA Fixed Account Option or add to an existing Transfer Period Account. You may request transfers in writing on a form that we provided or by telephone according to the procedure described below. You may make up to 12 transfers per Contract Year without charge. A transfer fee equal to 1.00% of the amount transferred applies to each transfer after the 12th transfer in any Contract Year. This fee may be changed, but in no event will it exceed 2.00% of the amount transferred. Multiple transfers on a single Valuation Date are considered a single transfer for purposes of assessing the transfer fee. If you added the TrueReturn Option or a Withdrawal Benefit Option to your Contract, certain restrictions on transfers apply. See the "TrueReturn/SM/ Accumulation Benefit Option" and "Withdrawal Benefit Options" sections of this prospectus for more information. The minimum amount that you may transfer from the Standard Fixed Account Option, Market Value Adjusted Fixed Account Option or a Variable Sub-Account is $100 or the total remaining balance in the Standard Fixed Account Option, Market Value Adjusted Fixed Account Option or the Variable Sub-Account, if less. These limitations do not apply to the DCA Fixed Account Option. The total amount that you may transfer or withdraw from a Standard Fixed Guarantee Period Account in a Contract Year is 30% of the amount used to establish that Guarantee Period Account. See "Standard Fixed Account Option". The minimum amount that can be transferred to the Standard Fixed Account Option and the Market Value Adjusted Fixed Account Option is $100. We will process transfer requests that we receive before 3:00 p.m. Central Time on any Valuation Date using the Accumulation Unit Values for that Date. We will process requests completed after 3:00 p.m. on any Valuation Date using the Accumulation Unit Values for the next Valuation Date. The Contract permits us to defer transfers from the Fixed Account Options for up to 6 months from the date we receive your request. If we decide to postpone transfers from any Fixed Account Option for 30 days or more, we will pay interest as required by applicable law. Any interest would be payable from the date we receive the transfer request to the date we make the transfer. We reserve the right to waive any transfer restrictions. TRANSFERS DURING THE PAYOUT PHASE During the Payout Phase, you may make transfers among the Variable Sub-Accounts so as to change the relative weighting of the Variable Sub-Accounts on which your variable income payments will be based. You may make up to 12 transfers per Contract Year within each Income Plan. You may not convert any portion of your fixed income payments into variable income payments. You may not make transfers among Income Plans. You may make transfers from the variable income payments to the fixed income payments to increase the proportion of your income payments consisting of fixed income payments, unless you have selected the Income Protection Benefit Option. TELEPHONE OR ELECTRONIC TRANSFERS You may make transfers by telephone by calling 1-800-203-0068. The cut-off time for telephone transfer requests is 3:00 p.m. Central Time. In the event that the New York Stock Exchange closes early, i.e., before 3:00 p.m. Central Time, or in the event that the Exchange closes early for a period of time but then reopens for trading on the same day, we will process telephone transfer requests as of the close of the Exchange on that particular day. We will not accept telephone requests received from you at any telephone number other than the number that appears in this paragraph or received after the close of trading on the Exchange. If you own the Contract with a joint Contract Owner, unless we receive contrary instructions, we will accept instructions from either you or the other Contract Owner. We may suspend, modify or terminate the telephone transfer privilege, as well as any other electronic or automated means we previously approved, at any time without notice. We use procedures that we believe provide reasonable assurance that the telephone transfers are genuine. For example, we tape telephone conversations with persons purporting to authorize transfers and request identifying information. Accordingly, we disclaim any liability for losses resulting from allegedly unauthorized telephone transfers. However, if we do not take reasonable steps to help ensure that a telephone authorization is valid, we may be liable for such losses. MARKET TIMING & EXCESSIVE TRADING The Contracts are intended for long-term investment. Market timing and excessive trading can potentially dilute the value of Variable Sub-Accounts and can disrupt management of a Portfolio and raise its expenses, which can impair Portfolio performance and adversely affect your Contract Value. Our policy is not to accept knowingly any money intended for the purpose of market 55 PROSPECTUS

timing or excessive trading. Accordingly, you should not invest in the Contract if your purpose is to engage in market timing or excessive trading, and you should refrain from such practices if you currently own a Contract. We seek to detect market timing or excessive trading activity by reviewing trading activities. Portfolios also may report suspected market-timing or excessive trading activity to us. If, in our judgment, we determine that the transfers are part of a market timing strategy or are otherwise harmful to the underlying Portfolio, we will impose the trading limitations as described below under "Trading Limitations." Because there is no universally accepted definition of what constitutes market timing or excessive trading, we will use our reasonable judgment based on all of the circumstances. While we seek to deter market timing and excessive trading in Variable Sub-Accounts, because our procedures involve the exercise of reasonable judgment, we may not identify or prevent some market timing or excessive trading. Moreover, imposition of trading limitations is triggered by the detection of market timing or excessive trading activity, and the trading limitations are not applied prior to detection of such trading activity. Therefore, our policies and procedures do not prevent such trading activity before it is detected. As a result, some investors may be able to engage in market timing and excessive trading, while others are prohibited, and the Portfolio may experience the adverse effects of market timing and excessive trading described above. TRADING LIMITATIONS We reserve the right to limit transfers among the investment alternatives in any Contract year, require that all future transfer requests be submitted through U.S. Postal Service First Class Mail thereby refusing to accept transfer requests via telephone, facsimile, Internet, or overnight delivery, or to refuse any transfer request, if: .. we believe, in our sole discretion, that certain trading practices, such as excessive trading, by, or on behalf of, one or more Contract Owners, or a specific transfer request or group of transfer requests, may have a detrimental effect on the Accumulation Unit Values of any Variable Sub-Account or on the share prices of the corresponding Portfolio or otherwise would be to the disadvantage of other Contract Owners; or .. we are informed by one or more of the Portfolios that they intend to restrict the purchase, exchange, or redemption of Portfolio shares because of excessive trading or because they believe that a specific transfer or group of transfers would have a detrimental effect on the prices of Portfolio shares. In making the determination that trading activity constitutes market timing or excessive trading, we will consider, among other things: .. the total dollar amount being transferred, both in the aggregate and in the transfer request; .. the number of transfers you make over a period of time and/or the period of time between transfers (note: one set of transfers to and from a Variable Sub-Account in a short period of time can constitute market timing); .. whether your transfers follow a pattern that appears designed to take advantage of short term market fluctuations, particularly within certain Variable Sub-Account underlying Portfolios that we have identified as being susceptible to market timing activities; .. whether the manager of the underlying Portfolio has indicated that the transfers interfere with Portfolio management or otherwise adversely impact the Portfolio; and .. the investment objectives and/or size of the Variable Sub-Account underlying Portfolio. We seek to apply these trading limitations uniformly. However, because these determinations involve the exercise of discretion, it is possible that we may not detect some market timing or excessive trading activity. As a result, it is possible that some investors may be able to engage in market timing or excessive trading activity, while others are prohibited, and the Portfolio may experience the adverse effects of market timing and excessive trading described above. If we determine that a Contract Owner has engaged in market timing or excessive trading activity, we will require that all future transfer requests be submitted through U.S. Postal Service First Class Mail thereby refusing to accept transfer requests via telephone, facsimile, Internet, or overnight delivery. If we determine that a Contract Owner continues to engage in a pattern of market timing or excessive trading activity we will restrict that Contract Owner from making future additions or transfers into the impacted Variable Sub-Account(s) or will restrict that Contract Owner from making future additions or transfers into the class of Variable Sub-Account(s) if the Variable Sub-Accounts(s) involved are vulnerable to arbitrage market timing trading activity (i.e. International, High Yield, and Small Cap Variable Sub-Accounts). In our sole discretion, we may revise our Trading Limitations at any time as necessary to better deter or minimize market timing and excessive trading or to comply with regulatory requirements. SHORT TERM TRADING FEES We reserve the right to assess short-term trading fees in connection with transfers from Variable Sub-Accounts that occur within a certain number of days following the date of allocation to the Variable Sub-Accounts. Such fees may vary by Variable Sub-Account, but will only apply to those Variable Sub-Accounts corresponding to underlying funds that assess such fees. 56 PROSPECTUS

DOLLAR COST AVERAGING PROGRAM Through our Dollar Cost Averaging Program, you may automatically transfer a fixed dollar amount on a regular basis from any Variable Sub-Account or any Fixed Account Option to any of the other Variable Sub-Accounts. You may not use the Dollar Cost Averaging Program to transfer amounts to the Fixed Account Options. This program is available only during the Accumulation Phase. We will not charge a transfer fee for transfers made under this Program, nor will such transfers count against the 12 transfers you can make each Contract Year without paying a transfer fee. The theory of dollar cost averaging is that if purchases of equal dollar amounts are made at fluctuating prices, the aggregate average cost per unit will be less than the average of the unit prices on the same purchase dates. However, participation in this Program does not assure you of a greater profit from your purchases under the Program nor will it prevent or necessarily reduce losses in a declining market. Call or write us for instructions on how to enroll. AUTOMATIC PORTFOLIO REBALANCING PROGRAM Once you have allocated your money among the Variable Sub-Accounts, the performance of each Sub-Account may cause a shift in the percentage you allocated to each Sub-Account. If you select our Automatic Portfolio Rebalancing Program, we will automatically rebalance the Contract Value in each Variable Sub-Account and return it to the desired percentage allocations. Money you allocate to the Fixed Account will not be included in the rebalancing. We will rebalance your account quarterly, semi-annually, or annually. We will measure these periods according to your instructions. We will transfer amounts among the Variable Sub-Accounts to achieve the percentage allocations you specify. You can change your allocations at any time by contacting us in writing or by telephone. The new allocation will be effective with the first rebalancing that occurs after we receive your written or telephone request. We are not responsible for rebalancing that occurs prior to receipt of proper notice of your request. Example: Assume that you want your initial purchase payment split among 2 Variable Sub-Accounts. You want 40% to be in the Putnam VT Income - Class IB Sub-Account and 60% to be in the Oppenheimer MidCap/VA - Service Shares Sub-Account. Over the next 2 months the bond market does very well while the stock market performs poorly. At the end of the first quarter, the Putnam VT Income - Class IB Sub-Account now represents 50% of your holdings because of its increase in value. If you choose to have your holdings in a Contract or Contracts rebalanced quarterly, on the first day of the next quarter we would sell some of your units in the Putnam VT Income - Class IB Sub-Account for the appropriate Contract(s) and use the money to buy more units in the Oppenheimer MidCap/VA - Service Shares Sub-Account so that the percentage allocations would again be 40% and 60% respectively. The transfers made under the program do not count towards the 12 transfers you can make without paying a transfer fee, and are not subject to a transfer fee. Portfolio rebalancing is consistent with maintaining your allocation of investments among market segments, although it is accomplished by reducing your Contract Value allocated to the Variable Sub-Accounts that performed better during the previous time period. EXPENSES - -------------------------------------------------------------------------------- As a Contract Owner, you will bear, directly or indirectly, the charges and expenses described below. CONTRACT MAINTENANCE CHARGE During the Accumulation Phase, on each Contract Anniversary, we will deduct a $30 contract maintenance charge from your assets invested in the Putnam VT Money Market Variable Sub-Account. If there are insufficient assets in that Variable Sub-Account, we will deduct the balance of the charge proportionally from the other Variable Sub-Accounts. We also will deduct this charge if you withdraw your entire Contract Value, unless your Contract qualifies for a waiver. During the Payout Phase, we will deduct the charge proportionately from each income payment. The charge is to compensate us for the cost of administering the Contracts and the Variable Account. Maintenance costs include expenses we incur in billing and collecting purchase payments; keeping records; processing death claims, cash withdrawals, and policy changes; proxy statements; calculating Accumulation Unit Values and income payments; and issuing reports to Contract Owners and regulatory agencies. We cannot increase the charge. We will waive this charge: .. for the remaining term of the Contract once your total purchase payments to the Contract equal $50,000 or more; or .. for a Contract Anniversary, if on that date, your entire Contract Value is allocated to the Fixed Account Options, or after the Payout Start Date, if all income payments are fixed income payments. We also reserve the right to waive this charge if you own more than one Contract and the Contracts meet certain minimum dollar amount requirements. In addition, we reserve the right to waive this charge for all Contracts. 57 PROSPECTUS

ADMINISTRATIVE EXPENSE CHARGE We deduct an administrative expense charge daily at an annual rate of 0.19% of the average daily net assets you have invested in the Variable Sub-Accounts. We intend this charge to cover actual administrative expenses that exceed the revenues from the contract maintenance charge. There is no necessary relationship between the amount of administrative charge imposed on a given Contract and the amount of expenses that may be attributed to that Contract. We assess this charge each day during the Accumulation Phase and the Payout Phase. We may increase this charge for Contracts issued in the future, but in no event will it exceed 0.35%. We guarantee that after your Contract is issued we will not increase this charge for your Contract. MORTALITY AND EXPENSE RISK CHARGE We deduct a mortality and expense risk charge daily from the net assets you have invested in the Variable Sub-Accounts. We assess mortality and expense risk charges during the Accumulation and Payout Phases of the Contract, except as noted below. The annual mortality and expense risk charge for the Contracts without any optional benefit are as follows: ALLSTATE ADVISOR 1.10% - --------------------------------------------------- ALLSTATE ADVISOR PREFERRED (5-YEAR WITHDRAWAL CHARGE OPTION) 1.40% - --------------------------------------------------- ALLSTATE ADVISOR PREFERRED (3-YEAR WITHDRAWAL CHARGE OPTION) 1.50% - --------------------------------------------------- ALLSTATE ADVISOR PREFERRED 1.60% (NO WITHDRAWAL CHARGE OPTION) - --------------------------------------------------- The mortality and expense risk charge is for all the insurance benefits available with your Contract (including our guarantee of annuity rates and the death benefits), for certain expenses of the Contract, and for assuming the risk (expense risk) that the current charges will not be sufficient in the future to cover the cost of administering the Contract. If the charges under the Contract are not sufficient, then we will bear the loss. We charge an additional amount for the optional benefits to compensate us for the additional risk that we accept by providing these options. You will pay additional mortality and expense risk charges if you add any optional benefits to your Contract. The additional mortality and expense risk charge you pay will depend upon which of the options you select: .. MAV Death Benefit Option: The current mortality and expense risk charge for this option is 0.20%. This charge may be increased, but will never exceed 0.30%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. We deduct the charge for this option only during the Accumulation Phase. .. Enhanced Beneficiary Protection (Annual Increase) Option: The current mortality and expense risk charge for this option is 0.30%. This charge will never exceed 0.30%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. We deduct the charge for this option only during the Accumulation Phase. .. Earnings Protection Death Benefit Option: The current mortality and expense risk charge for this option is: . 0.25% (maximum of 0.35%) if the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date; . 0.40% (maximum of 0.50%) if the oldest Contract Owner or oldest Annuitant is age 71 or older and both are age 79 or younger on the Rider Application Date. The charges may be increased but they will never exceed the maximum charges shown above. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. However, if your spouse elects to continue the Contract in the event of your death and if he or she elects to continue the Earnings Protection Death Benefit Option, the charge will be based on the ages of the oldest new Contract Owner and the oldest Annuitant at the time the Contract is continued. Refer to the Death Benefit Payments provision in this prospectus for more information. We deduct the charge for this option only during the Accumulation Phase. .. Income Protection Benefit Option: The current mortality and expense risk charge for this option is 0.50%. This charge may be increased, but will never exceed 0.75%. We guarantee that we will not increase the mortality and expense risk charge for this option after you have added it to your Contract. The charge will be deducted only during the Payout Phase. TRUERETURN/SM/ ACCUMULATION BENEFIT OPTION FEE We charge a separate annual Rider Fee for the TrueReturn Option. The current annual Rider Fee is 0.50% of the Benefit Base. We deduct the Rider Fee on each Contract Anniversary during the Rider Period or until you terminate the Option, if earlier. We reserve the right to increase the Rider Fee to up to 1.25%. We currently charge the same Rider Fee regardless of the Rider Period and Guarantee Option you select, however we reserve the right to charge different fees for different Rider Periods and Guarantee Options in the future. However, once we issue your Option, we cannot change the Rider Fee that applies to your Contract. If you elect to exercise the Rider Trade-In Option, the new Rider Fee will be based on the Rider Fee percentage applicable to a new TrueReturn Option at the time of trade-in. The Rider Fee is deducted only from the Variable Sub-Account(s) on a pro rata basis in the proportion that your 58 PROSPECTUS

value in each Variable Sub-Account bears to your total value in all Variable Sub-Accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-Account. If you terminate this Option prior to the Rider Maturity Date on a date other than a Contract Anniversary, we will deduct an entire Rider Fee from your Contract Value on the date the Option is terminated. However, if the Option is terminated due to death of the Contract Owner or Annuitant, we will not charge a Rider Fee unless the date we receive a Complete Request for Settlement of the Death Proceeds is also a Contract Anniversary. If the Option is terminated on the Payout Start Date, we will not charge a Rider Fee unless the Payout Start Date is also a Contract Anniversary. Additionally, if you elect to exercise the Rider Trade-In Option and cancel the Option on a date other than a Contract Anniversary, we will not deduct a Rider Fee on the date the Option is terminated. Refer to the "TrueReturn/SM/ Accumulation Benefit Option" section of this prospectus for more information. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FEE AND SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS FEE We charge a separate annual Rider Fee for both the Spousal Protection Benefit (Co-Annuitant) Option and Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts. The current annual Rider Fee is 0.10% of the Contract Value for either Option. This applies to all new Options added on or after January 1, 2005. For Options added prior to January 1, 2005, there is no charge associated with the Options. We deduct the Rider Fee on each Contract Anniversary up to and including the date you terminate the Option. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. We reserve the right to charge different Rider Fees for new Spousal Protection Benefit (Co-Annuitant) Options and/ or new Spousal Protection Benefit (Co-Annuitant) Options for Custodial Individual Retirement Accounts we offer in the future. Once we issue your Option, we cannot change the Rider Fee that applies to your Contract. The Rider Fee is deducted only from the Variable Sub-Account(s) on a pro-rata basis in the proportion that your value in each Variable Sub-Account bears to your total value in all Variable Sub-Accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-Account. If, at the time the Rider Fee is deducted, the Rider Fee exceeds the total value in all Variable Sub-Accounts, the excess of the Rider Fee over the total value in all Variable Sub-Accounts will be waived. The first Rider Fee will be deducted on the first Contract Anniversary following the Rider Date. A Rider Fee will be deducted on each subsequent Contract Anniversary up to and including the date the Option is terminated. We will not charge a Rider Fee on the date the Option is terminated, on a date other than the Contract Anniversary, if the Option is terminated on the Payout Start Date or due to death of the Contract Owner or Annuitant. For the first Contract Anniversary following the Rider Date, the Rider Fee is equal to the number of months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.10%, with the result multiplied by the Contract Value as of the first Contract Anniversary. For subsequent Contract Anniversaries, the Rider Fee is equal to 0.10% multiplied by the Contract Value as of that Contract Anniversary. If you terminate this Option on a date other than a Contract Anniversary, we will deduct a Rider Fee. The Rider Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination, or if you terminate this Option during the first Benefit Year, from the Rider Date to the date of termination. The pro-rated Rider Fee will be equal to the number of full months from the Contract Anniversary to the date of termination, or if you terminate this Option during the first Contract Year after adding the Option, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.10%, with the result multiplied by the Contract Value immediately prior to the termination. RETIREMENT INCOME GUARANTEE OPTION FEE We discontinued offering the Retirement Income Guarantee Options as of January 1, 2004. Fees described below apply to Contract Owners who selected an Option prior to January 1, 2004. We impose a separate annual Rider Fee for RIG 1 and RIG 2. The annual Rider Fee for RIG 1 is 0.40% of the Income Base on each Contract Anniversary. The annual Rider Fee for RIG 2 is 0.55% of the Income Base on each Contract Anniversary. See "Retirement Income Guarantee Options" for details. We deduct the Rider Fees only from the Variable Sub-Account(s) on a pro-rata basis. For the initial Contract Anniversary after the Rider Date, we will deduct a fee pro rated to cover the period from the Rider Date to the Contract Anniversary. In the case of a full withdrawal of the Contract Value on any date other than the Contract Anniversary, we will deduct from the amount paid upon withdrawal the Rider Fee multiplied by the appropriate Income Base immediately prior to the withdrawal pro rated to cover the period the Option was in effect during the current Contract Year. We will not deduct the Rider Fee during the Payout Phase. WITHDRAWAL BENEFIT OPTION FEE Effective May 1, 2006, we ceased offering the SureIncome Option except in a limited number of states. We charge separate annual Rider Fees for each of the SureIncome Option (the "SUREINCOME OPTION FEE"), the SureIncome Plus Option (the "SUREINCOME PLUS OPTION FEE"), and the SureIncome For Life Option (the 59 PROSPECTUS

"SUREINCOME FOR LIFE OPTION FEE"). Collectively, we refer to the SureIncome Option Fee, the SureIncome Plus Option Fee and the SureIncome For Life Option Fee as the "WITHDRAWAL BENEFIT OPTION FEES". "WITHDRAWAL BENEFIT OPTION FEE" is used to refer to any one of the Withdrawal Benefit Option Fees. The current annual SureIncome Option Fee is 0.50% of the Benefit Base. The current annual SureIncome Plus Option Fee and the current annual SureIncome For Life Option Fee are each 0.65% of the Benefit Base. We reserve the right to increase any Withdrawal Benefit Option Fee to up to 1.25% of the Benefit Base. We reserve the right to charge a different Withdrawal Benefit Option Fee for different Withdrawal Benefit Factors or Withdrawal Benefit Options we may offer in the future. Once we issue your Withdrawal Benefit Option, we cannot change the Withdrawal Benefit Option Fee that applies to your Contract. If applicable, if you elect to exercise the Rider Trade-In Option, the new Withdrawal Benefit Option Fee will be based on the Withdrawal Benefit Option Fee percentage applicable to a new Withdrawal Benefit Option available at the time of trade-in. We deduct the Withdrawal Benefit Option Fees on each Contract Anniversary up to and including the date you terminate the Option. The Withdrawal Benefit Option Fees are deducted only from the Variable Sub-Account(s) on a pro-rata basis in the proportion that your Contract Value in each Variable Sub-Account bears to your total Contract Value in all Variable Sub-Accounts. The Withdrawal Benefit Option Fee will decrease the number of Accumulation Units in each Variable Sub-Account. If, at the time the Withdrawal Benefit Option Fee is deducted, the Withdrawal Benefit Option Fee exceeds the total Contract Value in all Variable Sub-Accounts, the excess of the Withdrawal Benefit Option Fee over the total Contract Value in all Variable Sub-Accounts will be waived. The first Withdrawal Benefit Option Fee will be deducted on the first Contract Anniversary following the Rider Date. A Withdrawal Benefit Option Fee will be deducted on each subsequent Contract Anniversary up to and including the date the Withdrawal Benefit Option is terminated. For the first Contract Anniversary following the Rider Date, the SureIncome Option Fee is equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.50%, with the result multiplied by the Benefit Base on the first Contract Anniversary. For subsequent Contract Anniversaries, the SureIncome Option Fee is equal to 0.50% multiplied by the Benefit Base as of that Contract Anniversary. For the first Contract Anniversary following the Rider Date, the SureIncome Plus Option Fee and the SureIncome For Life Option Fee are each equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by 0.65%, with the result multiplied by the Benefit Base on the first Contract Anniversary increased by purchase payments and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value. For subsequent Contract Anniversaries, the SureIncome Plus Option Fee and the SureIncome For Life Option Rider Fee are each equal to 0.65% multiplied by the Benefit Base on that Contract Anniversary increased by purchase payments and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value for any of the ten Contract Anniversaries after the Rider Date. As previously stated, we will deduct Withdrawal Benefit Option Fees on each Contract Anniversary up to and including the date you terminate the Option. If you terminate the SureIncome Option or the SureIncome Plus Option on a date other than a Contract Anniversary, we will deduct the Withdrawal Benefit Option Fee unless the termination is on the Payout Start Date or is due to the death of the Contract Owner or Annuitant. If you terminate the SureIncome For Life Option on a date other than a Contract Anniversary, we will deduct the SureIncome For Life Option Fee unless the termination is on the Payout Start Date or is due to the death of the Contract Owner, Annuitant, or the death of the SureIncome Covered Life. The Withdrawal Benefit Option Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination or, if you terminate the Withdrawal Benefit Option during the first Benefit Year, from the Rider Date to the date of termination. For the SureIncome Option, the pro-rated SureIncome Option Fee will be equal to the number of full months from the Contract Anniversary to the date of termination or, if you terminate the SureIncome Option during the first Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.50%, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination. For the SureIncome Plus Option and the SureIncome For Life Option, the pro-rated Withdrawal Benefit Option Fee will be equal to the number of full months from the Contract Anniversary to the date of termination or, if you terminate the Withdrawal Benefit Option during the first Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by 0.65%, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination. The Withdrawal Benefit Option Fee will be waived during the Withdrawal Benefit Payout Phase. TRANSFER FEE We impose a fee upon transfers in excess of 12 during any Contract Year. The current fee is equal to 1.00% of the dollar amount transferred. This fee may be increased, but in no event will it exceed 2.00% of the dollar amount transferred. We will not charge a transfer fee on transfers 60 PROSPECTUS

that are part of a Dollar Cost Averaging Program or Automatic Portfolio Rebalancing Program. WITHDRAWAL CHARGE We may assess a withdrawal charge from the purchase payment(s) you withdraw. The amount of the charge will depend on the number of years that have elapsed since we received the purchase payment being withdrawn. A schedule showing the withdrawal charges applicable to each Contract appears on page 12. If you make a withdrawal before the Payout Start Date, we will apply the withdrawal charge percentage in effect on the date of the withdrawal, or the withdrawal charge percentage in effect on the following day, whichever is lower. Withdrawals also may be subject to tax penalties or income tax. You should consult with your tax counsel or other tax advisor regarding any withdrawals. Withdrawals from the Market Value Adjusted Fixed Account Option may be subject to a market value adjustment. Refer to page 53 for more information on market value adjustments. FREE WITHDRAWAL AMOUNT You can withdraw up to the Free Withdrawal Amount each Contract Year without paying the withdrawal charge. The Free Withdrawal Amount for a Contract Year is equal to 15% of all purchase payments that are subject to a withdrawal charge as of the beginning of that Contract Year, plus 15% of the purchase payments added to the Contract during the Contract Year. The withdrawal charge applicable to Contracts owned by Charitable Remainder Trusts is described below. Purchase payments no longer subject to a withdrawal charge will not be used to determine the Free Withdrawal Amount for a Contract Year, nor will they be assessed a withdrawal charge, if withdrawn. The Free Withdrawal Amount is not available in the Payout Phase. You may withdraw up to the Free Withdrawal Amount in each Contract Year it is available without paying a withdrawal charge; however, the amount withdrawn may be subject to a Market Value Adjustment or applicable taxes. If you do not withdraw the entire Free Withdrawal Amount in a Contract Year, any remaining portion may not be carried forward to increase the Free Withdrawal Amount in a later Contract Year. For purposes of assessing the withdrawal charge, we will treat withdrawals as coming from the oldest purchase payments first as follows: 1) Purchase payments that no longer are subject to withdrawal charges; 2) Free Withdrawal Amount (if available); 3) Remaining purchase payments subject to withdrawal charges, beginning with the oldest purchase payment; 4) Any earnings not previously withdrawn. However, for federal income tax purposes, earnings are considered to come out first, which means that you will pay taxes on the earnings portion of your withdrawal. If the Contract Owner is a Charitable Remainder Trust, the Free Withdrawal Amount in a Contract Year is equal to the greater of: .. The Free Withdrawal Amount described above; or .. Earnings as of the beginning of the Contract Year that have not been previously withdrawn. For purposes of assessing the withdrawal charge for a Charitable Remainder Trust-Owned Contract, we will treat withdrawals as coming from the earnings first and then the oldest purchase payments as follows: 1) Earnings not previously withdrawn; 2) Purchase payments that are no longer subject to withdrawal charges; 3) Free Withdrawal Amount in excess of earnings; 4) Purchase payments subject to withdrawal charges, beginning with the oldest purchase payment. If you have selected the ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION, there are no withdrawal charges applicable and, therefore, no Free Withdrawal Amount. Amounts withdrawn may be subject to a Market Value Adjustment or applicable taxes. ALL CONTRACTS We do not apply a withdrawal charge in the following situations: .. the death of the Contract Owner or Annuitant (unless the Settlement Value is used); .. withdrawals taken to satisfy IRS minimum distribution rules for the Contract; or .. withdrawals that qualify for one of the waivers described below. We use the amounts obtained from the withdrawal charge to pay sales commissions and other promotional or distribution expenses associated with marketing the Contracts. To the extent that the withdrawal charge does not cover all sales commissions and other promotional or distribution expenses, we may use any of our corporate assets, including potential profit which may arise from the mortality and expense risk charge or any other charges or fee described above, to make up any difference. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty. You should consult your own tax counsel or other tax advisers regarding any withdrawals. 61 PROSPECTUS

CONFINEMENT WAIVER. We will waive the withdrawal charge on any applicable withdrawal taken under your Contract if the following conditions are satisfied: 1. you or the Annuitant, if the Contract Owner is not a living person, are first confined to a long term care facility or a hospital for at least 90 consecutive days. You or the Annuitant must enter the long term care facility or hospital at least 30 days after the Issue Date, 2. we receive your request for withdrawal and Due Proof of confinement no later than 90 days following the end of your or the Annuitant's confinement at the long term care facility or hospital, and 3. a physician must have prescribed the confinement and the confinement must be medically necessary (as defined in the Contract). "DUE PROOF" includes, but is not limited to, a letter signed by a physician stating the dates the Owner or Annuitant was confined, the name and location of the Long Term Care Facility or Hospital, a statement that the confinement was medically necessary, and, if released, the date the Owner or Annuitant was released from the Long Term Care Facility or Hospital. TERMINAL ILLNESS WAIVER. We will waive the withdrawal charge on any applicable withdrawal taken under your Contract if: 1. you or the Annuitant, if the Contract Owner is not a living person, are diagnosed by a physician as having a terminal illness (as defined in the Contract) at least 30 days after the Issue Date, and 2. you provide Due Proof of diagnosis to us before or at the time you request the withdrawal. "DUE PROOF" includes, but is not limited to, a letter signed by a physician stating that the Owner or Annuitant has a Terminal Illness and the date the Terminal Illness was first diagnosed. UNEMPLOYMENT WAIVER. We will waive the withdrawal charge on one partial or a full withdrawal taken under your Contract, if you meet the following requirements: 1. you or the Annuitant, if the Contract Owner is not a living person, become unemployed at least one year after the Issue Date, 2. you or the Annuitant receive Unemployment Compensation (as defined in the Contract) for at least 30 days as a result of that unemployment, and 3. you or the Annuitant claim this benefit within 180 days of your or the Annuitant's initial receipt of Unemployment Compensation. Before we will waive any withdrawal charges, you must give us Due Proof prior to, or at the time of, the withdrawal request, that you or the Annuitant have been unemployed and have been granted Unemployment Compensation for at least 30 consecutive days. "UNEMPLOYMENT COMPENSATION" means unemployment compensation received from a unit of state or federal government in the U.S. "DUE PROOF" includes, but is not limited to, a legible photocopy of an unemployment compensation payment that meets the above described criteria with regard to dates and a signed letter from you stating that you or the Annuitant meet the above described criteria. You may exercise this benefit once over the term of the Contract. Amounts withdrawn may be subject to Market Value Adjustments. These waivers do not apply under the ALLSTATE ADVISOR PREFERRED CONTRACT WITH NO WITHDRAWAL CHARGE OPTION. Please refer to your Contract for more detailed information about the terms and conditions of these waivers. The laws of your state may limit the availability of these waivers and may also change certain terms and/or benefits available under the waivers. You should consult your Contract for further details on these variations. Also, even if you do not pay a withdrawal charge because of these waivers, a Market Value Adjustment may apply and you still may be required to pay taxes or tax penalties on the amount withdrawn. You should consult your tax advisor to determine the effect of a withdrawal on your taxes. PREMIUM TAXES Some states and other governmental entities (e.g., municipalities) charge premium taxes or similar taxes. We are responsible for paying these taxes and will deduct them from your Contract Value. Some of these taxes are due when the Contract is issued, others are due when income payments begin or upon surrender. Our current practice is not to charge anyone for these taxes until income payments begin or when a total withdrawal occurs including payment upon death. We may some time in the future discontinue this practice and deduct premium taxes from the purchase payments. Premium taxes generally range from 0% to 4%, depending on the state. At the Payout Start Date, we deduct the charge for premium taxes from each investment alternative in the proportion that the Contract Value in the investment alternative bears to the total Contract Value. DEDUCTION FOR SEPARATE ACCOUNT INCOME TAXES We are not currently maintaining a provision for taxes. In the future, however, we may establish a provision for taxes if we determine, in our sole discretion, that we will incur a tax as a result of the operation of the Variable Account. We will deduct for any taxes we incur as a result of the operation of the Variable Account, whether or not we previously made a provision for taxes and whether or not it was sufficient. Our status under the Internal Revenue 62 PROSPECTUS

Code is briefly described in the "Taxes" section of this prospectus. OTHER EXPENSES Each Portfolio deducts advisory fees and other expenses from its assets. You indirectly bear the charges and expenses of the Portfolios whose shares are held by the Variable Sub-Accounts. These fees and expenses are described in the prospectuses for the Portfolios. For a summary of Portfolio annual expenses, see pages 15-19. We may receive compensation from the investment advisers, administrators or distributors, or their affiliates, of the Portfolios in connection with the administrative, distribution (12b-1) or other services we provide to the Portfolios. ACCESS TO YOUR MONEY - -------------------------------------------------------------------------------- WITHDRAWALS You can withdraw some or all of your Contract Value at any time prior to the Payout Start Date. Withdrawals also are available under limited circumstances on or after the Payout Start Date. See "Income Plans" on page 64. The amount payable upon withdrawal is the Contract Value (or portion thereof) next computed after we receive the request for a withdrawal at our home office, adjusted by any applicable Market Value Adjustment, less any applicable withdrawal charges, income tax withholding, penalty tax, contract maintenance charge, Rider Fee, and any premium taxes. We will pay withdrawals from the Variable Account within 7 days of receipt of the request, subject to postponement in certain circumstances. You can withdraw money from the Variable Account or the Fixed Account Option(s) available under your Contract. To complete a partial withdrawal from the Variable Account, we will cancel Accumulation Units in an amount equal to the withdrawal and any applicable charges, fees and taxes. You must name the investment alternative from which you are taking the withdrawal. If none is named, then the withdrawal request is incomplete and cannot be honored. In general, you must withdraw at least $50 at a time. Withdrawals from the Standard Fixed Account Option may be subject to a restriction. See "Standard Fixed Account Options" on page 52. Withdrawals taken prior to the Payout Start Date are generally considered to come from the earnings in the Contract first. If the Contract is tax-qualified, generally all withdrawals are treated as distributions of earnings. Withdrawals of earnings are taxed as ordinary income and, if taken prior to age 591/2, may be subject to an additional 10% federal penalty tax. If any withdrawal reduces your Contract Value to less than $1,000, we will treat the request as a withdrawal of the entire Contract Value, unless a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" above for more information. If you request a total withdrawal, we may require that you return your Contract to us. Your Contract will terminate if you withdraw all of your Contract Value, subject to certain exceptions if a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" for more details. We will, however, ask you to confirm your withdrawal request before terminating your Contract. If we terminate your Contract, we will distribute to you its Contract Value, adjusted by any applicable Market Value Adjustment, less withdrawal and other charges and taxes. POSTPONEMENT OF PAYMENTS We may postpone the payment of any amounts due from the Variable Account under the Contract if: 1. The New York Stock Exchange is closed for other than usual weekends or holidays, or trading on the Exchange is otherwise restricted, 2. An emergency exists as defined by the SEC, or 3. The SEC permits delay for your protection. In addition, we may delay payments or transfers from the Fixed Account Option(s) available under your Contract for up to 6 months or shorter period if required by law. If we delay payment or transfer for 30 days or more, we will pay interest as required by law. SYSTEMATIC WITHDRAWAL PROGRAM You may choose to receive systematic withdrawal payments on a monthly, quarterly, semi-annual, or annual basis at any time prior to the Payout Start Date. Please consult your sales representative or call us at 1-800-203-0068 for more information. Any systematic withdrawal programs based upon IRS minimum distribution requirements may be modified to ensure guarantees under any Withdrawal Benefit Option currently attached to your Contract are not impacted by the withdrawals. Withdrawals made outside of any systematic withdrawal program based upon IRS minimum distribution requirements may impact the guarantees provided under any Withdrawal Benefit Option currently attached to your Contract. Depending on fluctuations in the value of the Variable Sub-Accounts and the value of the Fixed Account Options, systematic withdrawals may reduce or even exhaust the Contract Value. Income taxes may apply to systematic withdrawals. Please consult your tax advisor before taking any withdrawal. We will make systematic withdrawal payments to you or your designated payee. At our discretion, we may modify 63 PROSPECTUS

or suspend the Systematic Withdrawal Program and charge a processing fee for the service. If we modify or suspend the Systematic Withdrawal Program, existing systematic withdrawal payments will not be affected. MINIMUM CONTRACT VALUE If your request for a partial withdrawal would reduce your Contract Value to less than $1,000, we may treat it as a request to withdraw your entire Contract Value, unless a Withdrawal Benefit Option is currently attached to your Contract. See "Withdrawal Benefit Options" above for more information. Your Contract will terminate if you withdraw all of your Contract Value. We will, however, ask you to confirm your withdrawal request before terminating your Contract. If we terminate your Contract, we will distribute to you its Contract Value, adjusted by any applicable Market Value Adjustment, less withdrawal and other charges and applicable taxes. INCOME PAYMENTS - -------------------------------------------------------------------------------- PAYOUT START DATE The Payout Start Date is the day that we apply your Contract Value adjusted by any applicable Market Value Adjustment and less applicable taxes to an Income Plan. The first income payment must occur at least 30 days after the Issue Date. The Payout Start Date may be no later than: .. the Annuitant's 99th birthday, or .. the 10th Contract Anniversary, if later. You may change the Payout Start Date at any time by notifying us in writing of the change at least 30 days before the scheduled Payout Start Date. Absent a change, we will use the Payout Start Date stated in your Contract. INCOME PLANS An "Income Plan" is a series of payments made on a scheduled basis to you or to another person designated by you. You may select more than one Income Plan. If you choose more than one Income Plan, you must specify what proportions of your Contract Value, adjusted by any Market Value Adjustment and less any applicable taxes, should be allocated to each such Income Plan. For tax reporting purposes, your cost basis and any gain on the Contract will be allocated proportionally to each Income Plan you select based on the proportion of your Contract Value applied to each such Income Plan. We reserve the right to limit the number of Income Plans that you may select. If you choose to add the Income Protection Benefit Option, certain restrictions may apply as described under "Income Protection Benefit Option," below. If you do not select an Income Plan, we will make income payments in accordance with Income Plan 1 with a Guaranteed Payment Period of 10 years. If any Contract Owner dies during the Payout Phase, the new Contract Owner will be the surviving Contract Owner. If there is no surviving Contract Owner, the new Contract Owner will be the Beneficiary(ies) as described in the "Beneficiary" section of this prospectus. Any remaining income payments will be paid to the new Contract Owner as scheduled. Income payments to Beneficiaries may be subject to restrictions established by the Contract Owner. After the Payout Start Date, you may not make withdrawals (except as described below) or change your choice of Income Plan. Currently seven Income Plans are available. Depending on the Income Plan(s) you choose, you may receive: .. fixed income payments; .. variable income payments; or .. a combination of the two. A portion of each payment will be considered taxable and the remaining portion will be a non-taxable return of your investment in the Contract, which is also called the "basis." Once the basis in the Contract is depleted, all remaining payments will be fully taxable. If the Contract is tax-qualified, generally, all payments will be fully taxable. Taxable payments taken prior to age 591/2, may be subject to an additional 10% federal tax penalty. The seven Income Plans are: INCOME PLAN 1 - LIFE INCOME WITH GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for at least as long as the Annuitant lives. If the Annuitant dies in the Payout Phase, we will continue to pay income payments until the guaranteed number of payments has been paid. The number of months guaranteed ("Guaranteed Payment Period") may range from 0 to 360 months. If the Annuitant is age 90 or older as of the Payout Start Date, the Guaranteed Payment Period may range from 60 to 360 months. INCOME PLAN 2 - JOINT AND SURVIVOR LIFE INCOME WITH GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for at least as long as either the Annuitant or the joint Annuitant, named at the time the Income Plan was selected, lives. If both the Annuitant and joint Annuitant die in the Payout Phase, we will continue to pay the income payments until the guaranteed number of payments has been paid. The Guaranteed Payment Period may range from 0 to 360 months. If either the Annuitant or joint Annuitant is age 90 or older as of the Payout Start Date, the Guaranteed Payment Period may range from 60 to 360 months. You may elect a reduced survivor plan of 50%, 66% or 75% of the payment amount. If you do not elect a reduced survivor amount, the payments will remain at 100%. If you elect a reduced survivor payment plan, the amount of each income payment initially will be higher but a reduction will take place at the later of 1) the death of an Annuitant; or 2) at the end of the guaranteed payment period. 64 PROSPECTUS

INCOME PLAN 3 - GUARANTEED NUMBER OF PAYMENTS. Under this plan, we make periodic income payments for the period you have chosen. These payments do not depend on the Annuitant's life. The shortest number of months guaranteed is 60 (120 if the Payout Start Date occurs prior to the third Contract Anniversary). The longest number of months guaranteed is 360 or the number of months between the Payout Start Date and the date that the Annuitant reaches age 100, if greater. In no event may the number of months guaranteed exceed 600. We will deduct the mortality and expense risk charge from the assets of the Variable Sub-Account supporting this Income Plan even though we may not bear any mortality risk. You may make withdrawals, change the length of the guaranteed payment period, or change the frequency of income payments under Income Plan 3. See "Modifying Payments" and "Payout Withdrawals" below for more details. INCOME PLAN 4 - LIFE INCOME WITH CASH REFUND. Under this plan, we make periodic income payments until the death of the Annuitant. If the death of the Annuitant occurs before the total amount applied to an Income Plan is paid out, we will pay a lump sum payment of the remaining amount. Payments under this plan are available only as fixed income payments. INCOME PLAN 5 - JOINT LIFE INCOME WITH CASH REFUND. Under this plan, we make periodic income payments until the deaths of both the Annuitant and joint Annuitant. If the deaths of both the Annuitant and joint Annuitant occur before the total amount applied to an Income Plan is paid out, we will pay a lump sum payment of the remaining amount. Currently, a reduced survivor plan is not available. Payments under this plan are available only as fixed income payments. INCOME PLAN 6 - LIFE INCOME WITH INSTALLMENT REFUND. Under this plan, we make periodic income payments until the later of: (1) the death of the Annuitant; or (2) the total amount paid out under the annuity is equal to the total amount applied to the Income Plan. If the death of the Annuitant occurs before the total amount applied to an Income Plan is paid out, we will continue to make payments in the same manner until any remaining payments are paid out. Payments under this plan are available only as fixed income payments. INCOME PLAN 7 - JOINT LIFE INCOME WITH INSTALLMENT REFUND. Under this plan, we make periodic income payments until the later of: (1) the deaths of both the Annuitant and joint Annuitant; or (2) the total amount paid out under the annuity is equal to the total amount applied to the Income Plan. If the deaths of both the Annuitant and joint Annuitant occur before the total amount applied to an Income Plan is paid out, we will continue to make payments in the same manner until any remaining payments are paid out. Currently, a reduced survivor plan is not available. Payments under this plan are available only as fixed income payments. If you choose an Income Plan with payments that continue for the life of the Annuitant or joint Annuitant, we may require proof of age and sex of the Annuitant or joint Annuitant before starting income payments, and proof that the Annuitant or joint Annuitant is alive before we make each payment. Please note that under Income Plans 1 and 2, if you do not select a Guaranteed Payment Period, it is possible that the payee could receive only one income payment if the Annuitant and any joint Annuitant both die before the second income payment, or only two income payments if they die before the third income payment, and so on. The length of any Guaranteed Payment Period under your selected Income Plan generally will affect the dollar amounts of each income payment. As a general rule, longer Guarantee Payment Periods result in lower income payments, all other things being equal. For example, if you choose an Income Plan with payments that depend on the life of the Annuitant but with no guaranteed payments, the income payments generally will be greater than the income payments made under the same Income Plan with a specified Guaranteed Payment Period. MODIFYING PAYMENTS After the Payout Start Date, you may make the following changes under Income Plan 3: .. You may request to modify the length of the Guaranteed Payment Period. If you elect to change the length of the Guaranteed Payment Period, the new Guaranteed Payment Period must be within the original minimum and maximum period you would have been permitted to select on the Payout Start Date. However, the maximum payment period permitted will be shortened by the period elapsed since the original Guaranteed Payment Period began. If you change the length of your Guaranteed Payment Period, we will compute the present value of your remaining payments, using the same assumptions we would use if you were terminating the income payments, as described in Payout Withdrawal. We will then adjust the remaining payments to equal what that value would support based on those same assumptions and based on the revised Guaranteed Payment Period. .. You may request to change the frequency of your payments. We currently allow you to make the changes described above once each Contract Year; on that single occasion you may make either change alone, or both simultaneously. We reserve the right to change this practice at any time without prior notice. Changes to either the frequency of payments or length of the Guaranteed Payment Period will result in a change to the payment amount and may change the amount of each payment that is taxable to you. 65 PROSPECTUS

Modifying payments of this Contract may not be allowed under Qualified Plans. In order to satisfy required minimum distributions ("RMD") under current Treasury regulations, once income payments have begun over a Guaranteed Payment Period, the Guaranteed Payment Period may not be changed even if the new period is shorter than the maximum permitted. Please consult with a competent tax advisor prior to making a request to modify payments if your Contract is subject to RMD requirements. Any change to either the frequency of payments or length of a Guaranteed Payment Period will take effect on the next payment date after we accept the requested change. PAYOUT WITHDRAWAL You may terminate all or a portion of the income payments being made under Income Plan 3 at any time and withdraw their present value ("withdrawal value"), subject to a Payout Withdrawal Charge, by writing to us ("Payout Withdrawal"). For variable income payments, the withdrawal value is equal to the present value of the variable income payments being terminated, calculated using a discount rate equal to the assumed investment rate that was used in determining the initial variable payment. For fixed income payments, the withdrawal value is equal to the present value of the fixed income payments being terminated, calculated using a discount rate equal to the applicable current interest rate (this may be the initial interest rate in some states.) The applicable current interest rate is the rate we are using on the date we receive your Payout Withdrawal request to determine income payments for a new annuitization with a payment period equal to the remaining payment period of the income payments being terminated. A Payout Withdrawal must be at least $50. If any Payout Withdrawal reduces the value of the remaining income payments to an amount not sufficient to provide an initial payment of at least $20, we reserve the right to terminate the Contract and pay you the present value of the remaining income payments in a lump sum. If you withdraw the entire value of the remaining income payments, the Contract will terminate. You must specify the investment alternative(s) from which you wish to make a Payout Withdrawal. If you withdraw a portion of the value of your remaining income payments, the payment period will remain unchanged and your remaining payment amounts will be reduced proportionately. PAYOUT WITHDRAWAL CHARGE To determine the Payout Withdrawal Charge, we assume that purchase payments are withdrawn first, beginning with the oldest payment. When an amount equal to all purchase payments has been withdrawn, additional withdrawals will not be assessed a Payout Withdrawal Charge. Payout Withdrawals will be subject to a Payout Withdrawal Charge for each Contract as follows: Number of Complete Years Since We Received the Purchase Payment Being Withdrawn/Applicable Charge: Contract: 0 1 2 3 4 5 6 7 7+ - ------------------------------------------------------------------------------------------------------------------------------------ Allstate Advisor 7% 7% 6% 5% 4% 3% 2% 0% 0% Allstate Advisor Preferred with: 5-Year Withdrawal Charge Option 7% 6% 5% 4% 3% 0% 3-Year Withdrawal Charge Option 7% 6% 5% 0% No Withdrawal Charge Option None ADDITIONAL INFORMATION. We may make other Income Plans available. You may obtain information about them by writing or calling us. On the Payout Start Date, you must specify the portion of the Contract Value to be applied to variable income payments and the portion to be applied to fixed income payments. For the portion of your Contract Value to be applied to variable income payments, you must also specify the Variable Sub-Accounts on which to base the variable income payments as well as the allocation among those Variable Sub-Accounts. If you do not choose how the Contract Value is to be applied, then the portion of the Contract Value in the Variable Account on the Payout Start Date will be applied to variable income payments, according to the Variable Sub-Account allocations as of the Payout Start Date, and the remainder of the Contract Value will be applied to fixed income payments. We will apply your Contract Value, adjusted by any applicable Market Value Adjustment, less applicable taxes, to your Income Plan(s) on the Payout Start Date. We can make income payments in monthly, quarterly, semi-annual or annual installments, as you select. If the Contract Value is less than $2,000 when it is applied to the Income Plan(s) you choose, or not enough to provide an initial payment of at least $20 when it is applied to the Income Plan(s) you choose, and state law permits, we may: .. terminate the Contract and pay you the Contract Value, adjusted by any applicable Market Value Adjustment and less any applicable taxes, in a lump sum instead of the periodic payments you have chosen, or .. reduce the frequency of your payments so that each payment will be at least $20. VARIABLE INCOME PAYMENTS The amount of your variable income payments depends upon the investment results of the Variable Sub-Accounts 66 PROSPECTUS

you select, the premium taxes you pay, the age and sex of the Annuitant, and the Income Plan you choose. We guarantee that the payments will not be affected by: (a) company mortality experience; or (b) the amount of our administration expenses. We cannot predict the total amount of your variable income payments, which may be more or less than your total purchase payments because (a) variable income payments vary with the investment results of the underlying Portfolios; and (b) under some of the Income Plans, we make income payments only so long as an Annuitant is alive or any applicable Guaranteed Payment Period has not yet expired. In calculating the amount of the periodic payments in the annuity tables in the Contracts, we used an assumed investment rate ("AIR", also known as benchmark rate) of 3%. Currently, you may choose either a 6%, 5%, or 3% AIR per year. If you select the Income Protection Benefit Option, however, the 3% AIR must apply. The 6% and 5% AIR may not be available in all states (check with your representative for availability). Currently, if you do not choose one, the 5% AIR will automatically apply (except in states in which the 5% AIR is not available; in those states, the 3% AIR will automatically apply). You may not change the AIR after you have selected an Income Plan. We reserve the right to offer other assumed investment rates. If the actual net investment return of the Variable Sub-Accounts you choose is less than the AIR, then the dollar amount of your variable income payments will decrease. The dollar amount of your variable income payments will increase, however, if the actual net investment return exceeds the AIR. The dollar amount of the variable income payments stays level if the net investment return equals the AIR. With a higher AIR, your initial income payment will be larger than with a lower AIR. While income payments continue to be made, however, this disparity will become smaller and, if the payments have continued long enough, each payment will be smaller than if you had initially chosen a lower AIR. Please refer to the Statement of Additional Information for more detailed information as to how we determine variable income payments. You may also elect a variable income payment stream consisting of level monthly, quarterly or semi-annual payments. If you elect to receive level monthly, quarterly or semi-annual payments, the payments must be recalculated annually. You may only elect to receive level payments at or before the Payout Start Date. If you have elected level payments for an Income Plan(s), you may not make any variable to fixed payment transfers within such Income Plan(s). We will determine the amount of each annual payment as described above, place this amount in our general account, and then distribute it in level monthly, quarterly or semi-annual payments. The sum of the level payments will exceed the annual calculated amount because of an interest rate factor we use, which may vary from year to year, but will not be less than 2% per year. We do not allow withdrawals of the annual amount unless you make a full or partial withdrawal request of the value of the remaining payments under Income Plan 3. Withdrawals will be assessed a Payout Withdrawal Charge, if applicable. If the Annuitant dies while you are receiving level payments, you will not be entitled to receive any remaining level payments for that year (unless the Annuitant dies before the end of the Guaranteed Payment Period). For example, if you have selected Income Plan 1 with no Guaranteed Payment Period and the Annuitant dies during the year, the Beneficiary will not be entitled to receive the remaining level payments for that year. INCOME PROTECTION BENEFIT OPTION We offer an Income Protection Benefit Option, which may be added to your Contract on the Payout Start Date for an additional mortality and expense risk charge if you have selected variable income payments subject to the following conditions: .. The Annuitant and joint Annuitant, if applicable, must be age 75 or younger on the Payout Start Date. .. You must choose Income Plan 1 or 2, and the Guaranteed Payment Period must be for at least 120 months, unless the Internal Revenue Service requires a different payment period. .. You may apply the Income Protection Benefit Option to more than one Income Plan. .. The AIR must be 3% for the Income Plan(s) to which you wish to apply this benefit. .. You may only add the Income Protection Benefit Option on the Payout Start Date and, once added, the option cannot be cancelled. .. You may not add the Income Protection Benefit Option without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the Income Protection Benefit Option. .. You may not convert variable income payments to fixed income payments. If you select the Income Protection Benefit Option, we guarantee that your variable income payments under each of the Income Plans to which the option is applied will never be less that 85% of the initial variable amount income value ("Income Protection Benefit"), as calculated on the Payout Start Date under such Income Plans, unless you have elected a reduced survivor payment plan under Income Plan 2. If you have elected a reduced survivor payment plan, we guarantee that your variable income payments to which the option is applied will never be less than 85% of the initial variable amount income value prior to the later of 1) the death of an Annuitant; or 2) the end of the guaranteed payment period. On or after the later of these events, we guarantee that your variable income payments will never be less than 85% of the initial variable amount income value multiplied by the percentage you elected for your reduced 67 PROSPECTUS

survivor plan. See Appendix C for numerical examples that illustrate how the Income Protection Benefit is calculated. If you add the Income Protection Benefit Option to your Contract, the mortality and expense risk charge during the Payout Phase will be increased. The charge for the Income Protection Benefit Option will apply only to the Income Plan(s) to which the Option has been applied. Currently, the charge for this option is 0.50% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. We may change the amount we charge, but it will not exceed 0.75% of the average daily net Variable Account assets supporting the variable income payments to which the Income Protection Benefit Option applies. Once the option is issued, we will not increase what we charge you for the benefit. In order to ensure that we achieve adequate investment diversification ("INCOME PROTECTION DIVERSIFICATION REQUIREMENT"), we reserve the right, in our sole discretion, to impose limitations on the investment alternatives in which you may invest during the Payout Phase with respect to the assets supporting the variable income payments to which the Income Protection Benefit Option applies. These limitations may include, but are not limited to, maximum investment limits on certain Variable Sub-Accounts, exclusion of certain Variable Sub-Accounts, required minimum allocations to certain Variable Sub-Accounts, and/or the required use of Automatic Portfolio Rebalancing. To achieve our Income Protection Diversification Requirement, we have divided the Variable Sub-Accounts into three separate categories: "unrestricted," "restricted" and "excluded." Currently, we require that you allocate between 30% to 100% of the assets supporting your variable income payments to the unrestricted Variable Sub-Accounts in any manner you choose. You may allocate up to 70% of the assets supporting your variable income payments to the restricted Variable Sub-Accounts. You may not, however, allocate more than 20% of the assets supporting your variable income payments to any one of the restricted Variable Sub-Accounts. You may not allocate ANY PORTION of the assets supporting your variable income payments to the excluded Variable Sub-Accounts. In the following three tables, we list our current Income Protection Diversification Requirement: UNRESTRICTED VARIABLE SUB-ACCOUNTS. There is no limit to the amount of assets supporting your variable income payments that you may allocate to any one or more of the following Variable Sub-Accounts. Currently, we require that you allocate AT LEAST 30% of the assets supporting your variable income payments to this category. Fidelity VIP Freedom Income - Service Class 2 Sub-Account (1) FTVIP Franklin U.S. Government - Class 2 Sub-Account Oppenheimer Core Bond/VA - Service Shares Sub-Account Oppenheimer Strategic Bond/VA - Service Shares Sub-Account Putnam VT Income - Class IB Sub-Account Putnam VT Money Market - Class IB Sub-Account STI Classic Investment Grade Bond Sub-Account Van Kampen LIT Money Market, Class II Sub-Account 1) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. RESTRICTED VARIABLE SUB-ACCOUNTS. You may allocate up to 70% of the amount of assets supporting your variable income payments to the following Variable Sub-Accounts. Currently, you may not allocate more than 20% of the amount of assets supporting your variable income payments to any one of the restricted Variable Sub-Accounts. Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account (3) Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account (3) Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account (3) Fidelity VIP Index 500 - Service Class 2 Sub-Account (3) Fidelity VIP Mid Cap - Service Class 2 Sub-Account (3) FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account FTVIP Franklin Income Securities - Class 2 Sub-Account FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account FTVIP Mutual Discovery Securities - Class 2 Sub-Account (3) FTVIP Mutual Shares Securities - Class 2 Sub-Account FTVIP Templeton Foreign Securities - Class 2 Sub-Account 68 PROSPECTUS

Lord Abbett Series - All Value Sub-Account Lord Abbett Series - Bond-Debenture Sub-Account Lord Abbett Series - Growth and Income Sub-Account Lord Abbett Series - Growth Opportunities Sub-Account Lord Abbett Series - Mid-Cap Value Sub-Account Oppenheimer Balanced/VA - Service Shares Sub-Account Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account Oppenheimer Global Securities/VA - Service Shares Sub-Account Oppenheimer High Income/VA - Service Shares Sub-Account Oppenheimer Main Street(R)/VA - Service Shares Sub-Account Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account Putnam VT Global Asset Allocation - Class IB Sub-Account Putnam VT Growth and Income - Class IB Sub-Account Putnam VT High Yield - Class IB Sub-Account Putnam VT International Equity - Class IB Sub-Account Putnam VT Investors - Class IB Sub-Account Putnam VT New Value - Class IB Sub-Account Putnam VT Research - Class IB Sub-Account (1) Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account Putnam VT Utilities Growth and Income - Class IB Sub-Account (1) Putnam VT Voyager - Class IB Sub-Account STI Classic Capital Appreciation Sub-Account STI Classic Large Cap Relative Value Sub-Account STI Classic International Equity Sub-Account STI Classic Mid-Cap Equity Sub-Account STI Classic Small Cap Value Equity Sub-Account STI Classic Large Cap Value Equity Sub-Account Van Kampen LIT Comstock, Class II Sub-Account Van Kampen LIT Growth and Income, Class II Sub-Account Van Kampen UIF Equity and Income, Class II Sub-Account (2) Van Kampen UIF Equity Growth, Class II Sub-Account (2) Van Kampen UIF Global Franchise, Class II Sub-Account (2) Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (2) Van Kampen UIF U.S. Real Estate, Class II Sub-Account (2) 1) Effective October 1, 2004, the Putnam VT Research - Class IB Sub-Account, and the Putnam VT Utilities Growth and Income - Class IB Sub-Account closed to new investments. If you choose to add the Income Protection Benefit Option on or after October 1, 2004, you must transfer any portion of your Contract Value that is allocated to these Variable Sub-Accounts to any of the remaining Variable Sub-Accounts available with the Income Protection Benefit Option prior to adding the Income Protection Benefit Option to your Contract. 2) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 3) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. EXCLUDED VARIABLE SUB-ACCOUNTS. Currently, none of the following Variable Sub-Accounts are available to support variable income payments. Fidelity VIP Growth Stock - Service Class 2 Sub-Account (1) FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account Oppenheimer MidCap/VA - Service Shares Sub-Account (2) Putnam VT Health Sciences - Class IB Sub-Account (3) Putnam VT New Opportunities - Class IB Sub-Account (3) Putnam VT Vista - Class IB Sub-Account Van Kampen LIT Aggressive Growth, Class II Sub-Account (4) Van Kampen LIT Emerging Growth, Class II Sub-Account Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (5) Van Kampen UIF Mid Cap Growth, Class II Sub-Account (1)(5) Van Kampen UIF Small Company Growth, Class II Sub-Account (5) 1) The Variable Sub-Account was first offered under the Contracts on May 1, 2006. 69 PROSPECTUS

2) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change to the name of the Variable Sub-Account that invests in this Portfolio. 3) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account and the Putnam VT New Opportunities - Class IB Sub-Account closed to new investments. 4) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. 5) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. You must use quarterly Automatic Portfolio Rebalancing to meet our Income Protection Diversification Requirement. On the date of each rebalancing, we will reallocate the amount of the assets supporting your variable income payments according to the rebalancing percentages you have selected, subject to the then current restrictions and exclusions in effect. We expect that the restrictions and exclusions for each category will change from time to time. Any change in these restrictions and exclusions will become effective no later than the next regularly scheduled rebalancing of your Variable Sub-Account choices on or immediately after the date of change. The Income Protection Diversification Requirement is based on a model. We may use a model developed and maintained by us or we may elect to use a model developed or provided by an independent third party. We will notify you at least 30 days before we make any change to our Income Protection Diversification Requirement. We may determine which Variable Sub-Accounts are eligible for each category or we may elect to follow the recommendations of an independent third party. We may at any time make new determinations as to which Variable Sub-Accounts are unrestricted, restricted or excluded. We may do so for a variety of reasons including, but not limited to, a change in the investment objectives or policies of a Portfolio, or the failure, in our sole determination, of such Portfolio to invest in accordance with its stated investment objective or policies. Transfers made for purposes of meeting the Income Protection Diversification Requirement will not count towards the number of free transfers you may make each Contract Year. See "Investment Alternatives: Transfers," above, for additional information. FIXED INCOME PAYMENTS We guarantee income payment amounts derived from any Fixed Account Option for the duration of the Income Plan. The guaranteed income payment amounts will change if the frequency of payments or the length of the payment period changes. We calculate the fixed income payments by: .. adjusting the portion of the Contract Value in any Fixed Account Option on the Payout Start Date by any applicable Market Value Adjustment; .. deducting any applicable taxes; and .. applying the resulting amount to the greater of: (a) the appropriate income payment factor for the selected Income Plan from the Income Payment Table in your Contract; or (b) such other income payment factor as we are offering on the Payout Start Date. We may defer your request to make a withdrawal from fixed income payments for a period of up to 6 months or whatever shorter time state law may require. If we defer payments for 30 days or more, we will pay interest as required by law from the date we receive the withdrawal request to the date we make payment. RETIREMENT INCOME GUARANTEE OPTIONS Effective January 1, 2004, we ceased offering the Retirement Income Guarantee Options ("RIG 1" and "RIG 2"). If you added a Retirement Income Guarantee Option to your Contract prior to January 1, 2004, your Option will continue to apply to your Contract. Also, effective January 1, 2004, we discontinued the Trade-In Program. If you previously elected a RIG Option, you may cancel your RIG 1 or RIG 2 Option during the 60-day period following your next 3rd Contract Anniversary after January 1, 2004. If you do not cancel the Option during this 60-day period, you will not be permitted to cancel it later. Please check with your sales representative for details. The following describes the Retirement Income Guarantee Options for Contract Owners who elected the Option prior to January 1, 2004. We refer to the issue date of the option as the "RIDER DATE." You may add only one Retirement Income Guarantee Option to your Contract. The oldest Contract Owner and oldest Annuitant must be age 75 or younger on the Rider Application Date. Once you add a rider to your Contract, it may not be cancelled except that Contract Owners may elect to cancel a RIG 1 or RIG 2 Option during the 60-day period following the next 3rd Contract Anniversary after January 1, 2004 as described above. The options may not be available in all states. WE RESERVE THE RIGHT TO IMPOSE LIMITATIONS ON THE INVESTMENT ALTERNATIVES IN WHICH YOU MAY INVEST AS A CONDITION OF THESE OPTIONS. THESE RESTRICTIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, MAXIMUM INVESTMENT LIMITS ON CERTAIN INVESTMENT ALTERNATIVES, EXCLUSION OF CERTAIN INVESTMENT ALTERNATIVES, REQUIRED MINIMUM ALLOCATIONS TO CERTAIN VARIABLE SUB-ACCOUNTS AND/OR 70 PROSPECTUS

THE REQUIRED USE OF AUTOMATIC PORTFOLIO REBALANCING. CURRENTLY, NO SUCH RESTRICTIONS ARE BEING IMPOSED. For each option, an "INCOME BASE" is calculated, which is used only for the purpose of calculating the "GUARANTEED RETIREMENT INCOME BENEFIT" and the appropriate "RIDER FEE," all defined below. The Income Base does not provide a Contract Value or guarantee performance of any investment option. The Income Base for RIG 1 and RIG 2 are described in more detail below. You may apply the Income Base less applicable taxes to an Income Plan on the Payout Start Date and receive the Guaranteed Retirement Income Benefit if all of the following conditions are satisfied: .. The Payout Start Date must be on or after the 10/th/ Contract Anniversary of the Rider Date. .. The Payout Start Date must occur during the 30-day period following a Contract Anniversary. .. The oldest Annuitant must be age 99 or younger as of the Payout Start Date. .. You must select Fixed Amount Income Payments only. .. You must select Income Plan 1 or 2, with a Guaranteed Payment Period of at least: . 120 months, if the youngest Annuitant is age 80 or younger as of the Payout Start Date; or . 60 months, if the youngest Annuitant is older than age 80 as of the Payout Start Date. The "GUARANTEED RETIREMENT INCOME BENEFIT" is determined by applying the Income Base, less any applicable taxes, to the appropriate monthly income payment factor shown in the Income Payment Tables in your Contract for the selected Income Plan. If a different payment frequency (quarterly, semi-annual, or annual) or different Income Plan is selected, an income payment factor for the selected payment frequency and Income Plan is determined on the same mortality and interest rate basis as the Income Payment Tables shown in your Contract. On the Payout Start Date, the income payments for the selected Income Plan will be the greater of: .. The Guaranteed Retirement Income Benefit; or .. For fixed income payments, the Contract Value, adjusted by any applicable Market Value Adjustment, less any applicable taxes is applied to the greater of: the appropriate income payment factor for the selected Income Plan from the income payment tables in your Contract, or an income payment factor for the selected Income Plan that we are offering on the Payout Start Date. We assess an annual Rider Fee if you selected one of the Retirement Income Guarantee Options. The Rider Fee is deducted on each Contract Anniversary on a pro rata basis from each of the Variable Sub-Accounts in which your Contract Value is invested on that date. The Rider Fee will decrease the number of Accumulation Units in each Variable Sub-Account. The Rider Fee is deducted only during the Accumulation Phase of the Contract. For the first Contract Anniversary following the Rider Date, the Rider Fee will be prorated to cover the period between the Rider Date and the first Contract Anniversary after the Rider Date. In the case of a full withdrawal of the Contract Value, the Rider Fee is prorated to cover the period between the Contract Anniversary immediately prior to the withdrawal and the date of the withdrawal. The Rider Fee for RIG 1 is 0.40% of the Income Base on each Contract Anniversary. The Rider Fee for the RIG 2 is 0.55% of the Income Base on each Contract Anniversary. These options will terminate and the corresponding Rider Fee will cease on the earliest of the following to occur: .. The date the Contract is terminated; .. If the Contract is not continued in the Accumulation Phase under either the Death of Owner or Death of Annuitant provisions of the Contract. The option will terminate on the date we determine the Death Proceeds; .. The Payout Start Date; or .. If you elect to cancel your RIG 1 or RIG 2 Option during the 60-day period following the next 3rd Contract Anniversary after January 1, 2004, (since we discontinued offering the Trade-In Program as of that date). Otherwise, the options may not be terminated or cancelled. CALCULATION OF INCOME BASE. On the Rider Date, the "RIG 1 INCOME BASE" is equal to the Contract Value. The RIG 1 Income Base, plus purchase payments made after the Rider Date and less RIG 1 withdrawal adjustments for withdrawals made after the Rider Date, will accumulate interest on a daily basis at a rate equivalent to 5% per year, subject to the "CAP" defined below. This accumulation will continue until the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first. After the 5% interest accumulation ends, the RIG 1 Income Base will continue to be increased by purchase payments and reduced by RIG 1 withdrawal adjustments for withdrawals until the option terminates. The "RIG 1 WITHDRAWAL ADJUSTMENT" is defined below. The RIG 1 Income Base will not exceed a CAP equal to: .. 200% of the Contract Value as of the Rider Date; plus .. 200% of purchase payments made after the Rider Date, but excluding any purchase payments made in 71 PROSPECTUS

the 12-month period immediately prior to the Payout Start Date; minus .. RIG 1 Withdrawal Adjustments for any withdrawals made after the Rider Date. RIG 1 WITHDRAWAL ADJUSTMENT. Prior to the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever is earlier, the withdrawal adjustment is as follows: .. In each Contract Year, for the portion of withdrawals that do not cumulatively exceed 5% of the RIG 1 Income Base as of the beginning of the Contract Year (or as of the Rider Date for the first Contract Year in which RIG1 is added), the withdrawal adjustment is equal to the amount withdrawn (or portion thereof) multiplied by a discount factor. The discount factor is calculated using a 5% annual interest rate and the portion of the Contract Year between the withdrawal date and the end of the Contract Year. This withdrawal adjustment has the effect of reducing the RIG 1 Income Base at the end of the Contract Year by the actual amount of the withdrawal. In other words, for purposes of calculating the RIG 1 Income Base, the withdrawal is treated as if it occurred at the end of the Contract Year. .. In each Contract Year, for the portion of withdrawals that cumulatively exceed 5% of the RIG 1 Income Base as of the beginning of the Contract Year (or as of the Rider Date for the first Contract Year in which RIG1 is added), the withdrawal adjustment is equal to the withdrawal amount (or portion thereof), divided by the Contract Value immediately prior to the withdrawal and reduced for the portion of withdrawals that does not cumulatively exceed 5%, and the result multiplied by the most recently calculated RIG 1 Income Base, reduced for the portion of withdrawals that does not cumulatively exceed 5%. On or after the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or the Annuitant, all withdrawal adjustments are equal to the withdrawal amount, divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated RIG 1 Income Base. See Appendix D for numerical examples that illustrate how the RIG 1 Withdrawal Adjustment is applied. The "RIG 2 INCOME BASE" is defined as the greater of "INCOME BASE A" or "INCOME BASE B." "INCOME BASE A" and its corresponding Withdrawal Adjustment are calculated in the same manner as the RIG 1 Income Base and RIG 1 Withdrawal Adjustment. On the Rider Date, "INCOME BASE B" is equal to the Contract Value. After the Rider Date and prior to the Payout Start Date, Income Base B is recalculated each time a purchase payment or withdrawal is made as well as on each Contract Anniversary as follows: .. Each time a purchase payment is made, Income Base B is increased by the amount of the purchase payment. .. Each time a withdrawal is made, Income Base B is reduced by a proportional withdrawal adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated Income Base B. .. On each Contract Anniversary until the first Contract Anniversary following the 85/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first, Income Base B is equal to the greater of the Contract Value on that date or the most recently calculated Income Base B. If no purchase payments or withdrawals are made after the Rider Date, Income Base B will be equal to the greatest of the Contract Value on the Rider Date and the Contract Values on each subsequent Contract Anniversary until the earlier of the Payout Start Date or the Contract Anniversary following the 85/th/ birthday of the oldest Contact Owner or oldest Annuitant, whichever occurs first. CERTAIN EMPLOYEE BENEFIT PLANS The Contracts offered by this prospectus contain income payment tables that provide for different payments to men and women of the same age, except in states that require unisex tables. We reserve the right to use income payment tables that do not distinguish on the basis of sex to the extent permitted by applicable law. In certain employment-related situations, employers are required by law to use the same income payment tables for men and women. Accordingly, if the Contract is used in connection with an employment-related retirement or benefit plan and we do not offer unisex annuity tables in your state, you should consult with legal counsel as to whether the Contract is appropriate. DEATH BENEFITS - -------------------------------------------------------------------------------- DEATH PROCEEDS Under certain conditions, described below, we will pay Death Proceeds for this Contract on the death of the Contract Owner, Annuitant, or Co-Annuitant if the death occurs prior to the Payout Start Date. If the Owner or Annuitant dies after the Payout Start Date, we will pay remaining income payments as described in the "Payout Phase" section of your Contract. See "Income Payments" for more information. 72 PROSPECTUS

We will determine the value of the Death Proceeds as of the end of the Valuation Date during which we receive the first Complete Request for Settlement (the next Valuation Date, if we receive the request after 3:00 p.m. Central Time). In order to be considered a "COMPLETE REQUEST FOR SETTLEMENT," a claim for distribution of the Death Proceeds must include "DUE PROOF OF DEATH" in any of the following forms of documentation: .. A certified copy of the death certificate; .. A certified copy of a decree of a court of competent jurisdiction as to the finding of death; or .. Any other proof acceptable to us. "DEATH PROCEEDS" are determined based on when we receive a Complete Request for Settlement: .. If we receive a Complete Request for Settlement within 180 days of the death of the Contract Owner, Annuitant, or Co-Annuitant, as applicable, the Death Proceeds is equal to the "DEATH BENEFIT." .. If we receive a Complete Request for Settlement more than 180 days after the death of the Contract Owner, Annuitant, or Co-Annuitant, as applicable, the Death Proceeds are equal to the greater of the Contract Value or Settlement Value. We reserve the right to waive or extend, in a nondiscriminatory manner, the 180-day period in which the Death Proceeds will equal the Death Benefit. Where there are multiple Beneficiaries, we will only value the Death Proceeds at the time the first Beneficiary submits the necessary documentation in good order. Any Death Proceeds amounts attributable to any Beneficiary which remain in the Variable Sub-Accounts are subject to investment risk. DEATH BENEFIT OPTIONS In addition to the ROP Death Benefit included in your Contract, we offer the following death benefit options which may be added to your Contract: .. MAV Death Benefit Option .. Enhanced Beneficiary Protection (Annual Increase) Option .. Earnings Protection Death Benefit Option The SureIncome Plus Option and SureIncome For Life Option also include a death benefit option, the SureIncome Return of Premium Death Benefit ("SureIncome ROP Death Benefit.") The amount of the Death Benefit depends on which death benefit option(s) you select. Not all death benefit options are available in all states. You may select any combination of death benefit options on the Issue Date of your Contract or at a later date, subject to state availability and issue age restrictions. You may not add any of the death benefit option(s) to your Contract after Contract issue without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add an option(s). The "DEATH BENEFIT" is equal to the Earnings Protection Death Benefit (if selected) plus the greatest of: .. The Contract Value; .. The Settlement Value; .. The ROP Death Benefit; .. The MAV Death Benefit Option (if selected); .. The Enhanced Beneficiary Protection (Annual Increase) Option (if selected); or .. The SureIncome ROP Death Benefit.* The "Settlement Value" is the amount that would be paid in the event of a full withdrawal of the Contract Value. * The SureIncome ROP Death Benefit under the SureIncome For Life Option is only included in the calculation of the Death Benefit upon the death of the SureIncome Covered Life. If a Contract Owner, Annuitant or Co-Annuitant who is not the SureIncome Covered Life dies, the SureIncome ROP Death Benefit is not applicable. The "ROP DEATH BENEFIT" is equal to the sum of all purchase payments, reduced by a proportional withdrawal adjustment for each withdrawal. The withdrawal adjustment is equal to the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result is multiplied by: The sum of all purchase payments made prior to the withdrawal, less any prior withdrawal adjustments. MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT OPTION. The "MAV DEATH BENEFIT OPTION" is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to 0.20%. We may change what we charge for this death benefit option, but it will never exceed 0.30%. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. On the date we issue the rider for this benefit ("Rider Date"), the MAV DEATH BENEFIT is equal to the Contract Value. After the Rider Date and prior to the date we determine the Death Proceeds (see "Death Proceeds," above), the MAV Death Benefit is recalculated each time a purchase payment or withdrawal is made as well as on each Contract Anniversary as follows: .. Each time a purchase payment is made, the MAV Death Benefit is increased by the amount of the purchase payment. .. Each time a withdrawal is made, the MAV Death Benefit is reduced by a proportional withdrawal adjustment, defined as the withdrawal amount 73 PROSPECTUS

divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the most recently calculated MAV Death Benefit. .. On each Contract Anniversary until the first Contract Anniversary following the 80/TH/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first, the MAV Death Benefit is recalculated as the greater of the Contract Value on that date or the most recently calculated MAV Death Benefit. If no purchase payments or withdrawals are made after the Rider Date, the MAV Death Benefit will be equal to the greatest of the Contract Value on the Rider Date and the Contract Values on each subsequent Contract Anniversary after the Rider Date, but before the date we determine the Death Proceeds. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 77, and if the oldest New Contract Owner and the oldest Annuitant are age 80 or younger on the date we determine the Death Proceeds, then the MAV Death Benefit Option will continue. The MAV Death Benefit will continue to be recalculated for purchase payments, withdrawals, and on each Contract Anniversary after the date we determine the Death Proceeds until the earlier of: .. The first Contract Anniversary following the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier. (After the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier, the MAV Death Benefit will be recalculated only for purchase payments and withdrawals); or .. The date we next determine the Death Proceeds. ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION. The Enhanced Beneficiary Protection (Annual Increase) Option is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to 0.30%. We may change what we charge for this death benefit option, but it will never exceed 0.30%. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. On the date we issue the rider for this benefit ("Rider Date"), the Enhanced Beneficiary Protection (Annual Increase) Benefit is equal to the Contract Value. The Enhanced Beneficiary Protection (Annual Increase) Benefit, plus purchase payments made after the Rider Date and less withdrawal adjustments for withdrawals made after the Rider Date, will accumulate interest on a daily basis at a rate equivalent to 5% per year, subject to the "CAP" defined below. This accumulation will continue until the earlier of: (a) the first Contract Anniversary following the 80/th/ birthday of the oldest Contract Owner or oldest Annuitant, whichever occurs first; or (b) the date we determine the Death Proceeds. After the 5% interest accumulation ends, the Enhanced Beneficiary Protection (Annual Increase) Benefit will continue to be increased by purchase payments and reduced by withdrawal adjustments for withdrawals until the death benefit option terminates. The withdrawal adjustment is a proportional adjustment, defined as the withdrawal amount divided by the Contract Value immediately prior to the withdrawal, and the result multiplied by the amount of the Enhanced Beneficiary Protection (Annual Increase) Benefit immediately prior to the withdrawal. The Enhanced Beneficiary Protection (Annual Increase) Benefit CAP is equal to: .. 200% of the Contract Value as of the Rider Date; plus .. 200% of purchase payments made after the Rider Date, but excluding any purchase payments made in the 12-month period immediately prior to the death of the Contract Owner or the Annuitant; minus .. Withdrawal adjustments for any withdrawals made after the Rider Date. Refer to Appendix E for withdrawal adjustment examples. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 77, and if the oldest New Contract Owner and the oldest Annuitant are age 80 or younger on the date we determine the Death Proceeds, then the Enhanced Beneficiary Protection (Annual Increase) Option will continue. The amount of the Enhanced Beneficiary Protection (Annual Increase) Benefit as of the date we determine the Death Proceeds, plus subsequent purchase payments, less withdrawal adjustments for any subsequent withdrawals, will accumulate daily at a rate equivalent to 5% per year from the date we determine the Death Proceeds, until the earlier of: .. The first Contract Anniversary following the 80/th/ birthday of either the oldest New Contract Owner or the oldest Annuitant, whichever is earlier. (After the 80/th/ birthday of either the oldest New Owner or the oldest Annuitant, whichever is earlier, the Enhanced Beneficiary Protection (Annual Increase) Benefit will be recalculated only for purchase payments and withdrawals; or .. The date we next determine the Death Proceeds. EARNINGS PROTECTION DEATH BENEFIT OPTION. The "EARNINGS PROTECTION DEATH BENEFIT OPTION" is only available if the oldest Contract Owner and oldest Annuitant are age 79 or younger on the Rider Application Date. There is an additional mortality and expense risk charge for this death benefit option, currently equal to: 74 PROSPECTUS

.. 0.25%, if the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date; and .. 0.40%, if the oldest Contract Owner or oldest Annuitant is over age 70 and all are age 79 or younger on the Rider Application Date. We may change what we charge for this death benefit option, but it will never exceed 0.35% for issue ages 0-70 and 0.50% for issue ages 71-79. Once added to your Contract, we guarantee that we will not increase the mortality and expense risk charge you pay for this death benefit option. However, if your spouse elects to continue the Contract in the event of your death and if he or she elects to continue the Earnings Protection Death Benefit Option, the mortality and expense risk charge for the death benefit option will be based on the ages of the oldest new Contract Owner and the oldest Annuitant at the time the Contract is continued. If the oldest Contract Owner and oldest Annuitant are age 70 or younger on the Rider Application Date, the EARNINGS PROTECTION DEATH BENEFIT is equal to the lesser of: .. 100% of "IN-FORCE PREMIUM" (excluding purchase payments made after the date we issue the rider for this benefit ("Rider Date") and during the twelve-month period immediately prior to the death of the Contract Owner or Annuitant); or .. 40% of "IN-FORCE EARNINGS" calculated as of the date we determine the Death Proceeds. If the oldest Contract Owner or oldest Annuitant is over age 70 and all are age 79 or younger on the Rider Application Date, the EARNINGS PROTECTION DEATH BENEFIT is equal to the lesser of: .. 50% of "IN-FORCE PREMIUM" (excluding purchase payments made after the Rider Date and during the twelve-month period immediately prior to the death of the Contract Owner or Annuitant); or .. 25% of "IN-FORCE EARNINGS" calculated as of the date we determine the Death Proceeds. IN-FORCE EARNINGS are equal to the current Contract Value less In-Force Premium. If this quantity is negative, then In-Force Earnings are equal to zero. IN-FORCE PREMIUM is equal to the Contract Value on the Rider Date, plus the sum of all purchase payments made after the Rider Date, less the sum of all "EXCESS-OF-EARNINGS WITHDRAWALS" made after the Rider Date. An EXCESS-OF-EARNINGS WITHDRAWAL is equal to the excess, if any, of the amount of the withdrawal over the amount of the In-Force Earnings immediately prior to the withdrawal. Refer to Appendix F for numerical examples that illustrate how the Earnings Protection Death Benefit Option is calculated. If, upon death of the Contract Owner, the Contract is continued under Option D as described on page 77 below, and if the oldest new Owner and the oldest Annuitant are younger than age 80 on the date we determine the Death Proceeds, then this death benefit option will continue unless the New Contract Owner elects to terminate the death benefit option. If the death benefit option is continued, the following will apply as of the date we determine the Death Proceeds upon continuation: .. The Rider Date will be changed to the date we determine the Death Proceeds; .. The In-Force Premium is equal to the Contract Value as of the new Rider Date plus all purchase payments made after the Rider Date, less the sum of all the Excess-of-Earnings Withdrawals made after the Rider Date; .. The Earnings Protection Death Benefit after the new Rider Date will be determined as described above, but using the ages of the oldest new Contract Owner and the oldest Annuitant as of the new Rider Date. .. The mortality and expense risk charge, for this rider, will be determined as described above, but using the ages of the oldest new Contract Owner and the oldest Annuitant as of the new Rider Date. If either the Contract Owner's or the Annuitant's age is misstated, the Earnings Protection Death Benefit and the mortality and expense risk charge for this death benefit option will be calculated according to the corrected age as of the Rider Date. Your Contract Value will be adjusted to reflect the mortality and expense risk charge for this death benefit option that should have been assessed based on the corrected age. ALL OPTIONS. WE RESERVE THE RIGHT TO IMPOSE LIMITATIONS ON THE INVESTMENT ALTERNATIVES IN WHICH YOU MAY INVEST AS A CONDITION OF THESE OPTIONS. THESE RESTRICTIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, MAXIMUM INVESTMENT LIMITS ON CERTAIN INVESTMENT ALTERNATIVES, EXCLUSION OF CERTAIN INVESTMENT ALTERNATIVES, REQUIRED MINIMUM ALLOCATIONS TO CERTAIN VARIABLE SUB-ACCOUNTS AND/OR THE REQUIRED USE OF AUTOMATIC PORTFOLIO REBALANCING. CURRENTLY, NO SUCH RESTRICTIONS ARE BEING IMPOSED. These death benefit options will terminate and the corresponding Rider Fee will cease on the earliest of the following to occur: .. the date the Contract is terminated; .. if, upon the death of the Contract Owner, the Contract is continued under Option D as described in the Death of Owner section on page 77, and either the oldest New Owner or the oldest Annuitant is older than age 80 (age 80 or older for the Earnings 75 PROSPECTUS

Protection Death Benefit Option) on the date we determine the Death Proceeds. The death benefit option will terminate on the date we determine the Death Proceeds; .. if the Contract is not continued in the Accumulation Phase under either the Death of Owner or Death of Annuitant provisions of the Contract. The death benefit option will terminate on the date we determine the Death Proceeds; .. on the date the Contract Owner (if the current Contract Owner is a living person) is changed for any reason other than death unless the New Contract Owner is a trust and the Annuitant is the current Contract Owner; .. on the date the Contract Owner (if the current Contract Owner is a non-living person) is changed for any reason unless the New Contract Owner is a non-living person or is the current Annuitant; or .. the Payout Start Date. Notwithstanding the preceding, in the event of the Contract Owner's death, if the Contract Owner's spouse elects to continue the Contract (as permitted in the Death of Owner provision below) he or she may terminate the Earnings Protection Death Benefit at that time. DEATH BENEFIT PAYMENTS DEATH OF CONTRACT OWNER If a Contract Owner dies prior to the Payout Start Date, then the surviving Contract Owners will be "NEW CONTRACT OWNERS". If there are no surviving Contract Owners, then subject to any restrictions previously placed upon them, the Beneficiaries will be the New Contract Owners. If there is more than one New Contract Owner taking a share of the Death Proceeds, each New Contract Owner will be treated as a separate and independent Contract Owner of his or her respective share of the Death Proceeds. Each New Contract Owner will exercise all rights related to his or her share of the Death Proceeds, including the sole right to elect one of the Option(s) below, subject to any restrictions previously placed upon the New Contract Owner. Each New Contract Owner may designate a Beneficiary(ies) for his or her respective share, but that designated Beneficiary(ies) will be restricted to the Option chosen by the original New Contract Owner. The Options available to the New Contract Owner will be determined by the applicable following Category in which the New Contract Owner is defined. An Option will be deemed to have been chosen on the day we receive written notification in a form satisfactory to us. NEW CONTRACT OWNER CATEGORIES CATEGORY 1. If your spouse (or Annuitant's spouse in the case of a grantor trust-owned Contract) is the sole New Contract Owner of the entire Contract, your spouse must choose from among the death settlement Options A, B, C, D, or E described below. If he or she does not choose one of these Options, then Option D will apply. CATEGORY 2. If the New Contract Owner is a living person who is not your spouse (or Annuitant's spouse in the case of a grantor trust-owned Contract), or there is more than one New Contract Owner, all of whom are living persons, each New Contract Owner must choose from among the death settlement Options A, B, C, or E described below. If a New Contract Owner does not choose one of these Options, then Option C will apply for that New Contract Owner. CATEGORY 3. If there are one or more New Contract Owner(s) and at least one of the New Contract Owners is a non-living person such as a corporation or a trust, all New Contract Owners are considered to be non-living persons for purposes of the death settlement options. Each New Contract Owner must choose death settlement Option A or C described below. If a New Contract Owner does not choose one of these Options, then Option C will apply for that New Contract Owner. The death settlement options we currently offer are: OPTION A. The New Contract Owner may elect to receive the Death Proceeds in a lump sum. OPTION B. The New Contract Owner may elect to apply the Death Proceeds to one of the Income Plans described above. Such income payments must begin within one year of the date of death and must be payable: .. Over the life of the New Contract Owner; or .. For a guaranteed payment period of at least 5 years (60 months), but not to exceed the life expectancy of the New Contract Owner; or .. Over the life of the New Contract Owner with a guaranteed payment period of at least 5 years (60 months), but not to exceed the life expectancy of the New Contract Owner. OPTION C. The New Contract Owner may elect to receive the Contract Value payable within 5 years of the date of death. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Any excess amount of the Death Proceeds over the Contract Value on that date will be allocated to the Putnam VT Money Market - Class IB Sub-Account unless the New Contract Owner provides other allocation instructions. The New Contract Owner may not make any additional purchase payments under this option. Withdrawal charges will be waived for any withdrawals made during the 5-year period after the date of death; however, amounts withdrawn may be subject to Market Value Adjustments. The New Contract Owner may exercise all rights set forth in the Transfers provision. If the New Contract Owner dies before the Contract Value is completely withdrawn, the New Contract 76 PROSPECTUS

Owner's Beneficiary(ies) will receive the greater of the remaining Settlement Value or the remaining Contract Value within 5 years of the date of the original Contract Owner's death. OPTION D. The New Contract Owner may elect to continue the Contract in the Accumulation Phase. If the Contract Owner was also the Annuitant, then the New Contract Owner will be the new Annuitant. This Option may only be exercised once per Contract. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Unless otherwise instructed by the continuing spouse, the excess, if any, of the Death Proceeds over the Contract Value will be allocated to the Sub-Accounts of the Variable Account. This excess will be allocated in proportion to your Contract Value in those Sub-Accounts as of the end of the Valuation Date that we receive the complete request for settlement except that any portion of this excess attributable to the Fixed Account Options will be allocated to the Putnam VT Money Market - Class IB Sub-Account. Within 30 days after the date we determine the Death Proceeds, the New Contract Owner may make a one-time transfer of all or a portion of the excess of the Death Proceeds, if any, into any combination of Variable Sub-Accounts, the Standard Fixed Account and the Market Value Adjusted Fixed Account without incurring a transfer fee provided the investment alternative is available with the Contract at that time. Any such transfer does not count as one of the free transfers allowed each Contract Year and is subject to any minimum allocation amount specified in this Contract. The New Contract Owner may make a single withdrawal of any amount within one year of the date of your death without incurring a Withdrawal Charge; however, the amount withdrawn may be subject to a Market Value Adjustment and a 10% tax penalty if the New Contract Owner is under age 59 1/2. OPTION E. For Nonqualified Contracts, the New Contract Owner may elect to make withdrawals at least annually of amounts equal to the "ANNUAL REQUIRED DISTRIBUTION" calculated for each calendar year. The first such withdrawal must occur within: .. One year of the date of death; .. The same calendar year as the date we receive the first Complete Request for Settlement; and .. One withdrawal frequency. The New Contract Owner must select the withdrawal frequency (monthly, quarterly, semi-annual, or annual). Once this option is elected and frequency of withdrawals is chosen, they cannot be changed by the New Contract Owner and become irrevocable. In the calendar year in which the Death Proceeds are determined, the ANNUAL REQUIRED DISTRIBUTION is equal to the Contract Value on the date of the first distribution divided by the "Life Expectancy" of the New Contract Owner and the result multiplied by a fraction that represents the portion of the calendar year remaining after the date of the first distribution. (The Contract Value, as of the date we receive the Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. The Contract Value on the date of the first distribution may be more or less than the Contract Value as of the date we receive the Complete Request for Settlement.) The Life Expectancy in that calendar year is equal to the life expectancy value from IRS Tables based on the age of the New Contract Owner as of his or her birthday in the same calendar year. In any subsequent calendar year, the Annual Required Distribution is equal to the Contract Value as of December 31 of the prior year divided by the remaining Life Expectancy of the New Contract Owner. In each calendar year after the calendar year in which the first distribution occurred, the Life Expectancy of the New Contract Owner is the Life Expectancy calculated in the previous calendar year minus one (1) year. If the Life Expectancy is less than one (1), the Annual Required Distribution is equal to the Contract Value. If the New Contract Owner dies before the Contract Value is completely withdrawn, the scheduled withdrawals will continue to be paid to the New Contract Owner's Beneficiary(ies). The Contract Value invested in the Variable Sub-Accounts will be subject to investment risk until it is withdrawn. We reserve the right to offer additional death settlement options. DEATH OF ANNUITANT If the Annuitant dies prior to the Payout Start Date, then the surviving Contract Owners will have the Options available to the New Contract Owner, determined by the applicable following category in which the New Contract Owner is defined, unless: .. The Annuitant was also the Contract Owner, in which case the Death of Owner provisions above apply; or .. The Contract Owner is a grantor trust not established by a business, in which case the Beneficiary(ies) will be deemed the New Contract Owners and the Death of Contract Owner provisions above will apply. SURVIVING CONTRACT OWNER CATEGORIES CATEGORY 1. If the Contract Owner is a living person, prior to the Annuitant's death, the Contract Owner must choose from among the death settlement Options A, B, or D described below. If the Contract Owner does not choose one of these Options, then Option D will apply. CATEGORY 2. If the Contract Owner is a non-living person such as a corporation or a trust, the Contract Owner must choose from death settlement Options A 77 PROSPECTUS

or C described below. If the Contract Owner does not choose one of these Options, then Option C will apply. The death settlement options we currently offer are: OPTION A. The Contract Owner may elect to receive the Death Proceeds in a lump sum. OPTION B. The Contract Owner may elect to apply the Death Proceeds to one of the Income Plans described above. Such income payments must begin within one year of the date of death. OPTION C. The Contract Owner may elect to receive the Contract Value payable within 5 years of the date of death. The Contract Value, as of the date we receive the first Complete Request for Settlement, will be reset to equal the Death Proceeds as of that date. Any excess amount of the Death Proceeds over the Contract Value on that date will be allocated to the Putnam VT Money Market - Class IB Sub-Account unless the Contract Owner provides other allocation instructions. The Contract Owner may not make any additional purchase payments under this option. Withdrawal charges will be waived for any withdrawals made during the 5-year period after the date of death; however, amounts withdrawn may be subject to Market Value Adjustments. The Contract Owner may exercise all rights set forth in the Transfers provision. OPTION D. The Contract Owner may elect to continue the Contract and the youngest Contract Owner will become the new Annuitant. The Contract Value of the continued Contract will not be adjusted to equal the Death Proceeds. We reserve the right to offer additional death settlement options. QUALIFIED CONTRACTS The death settlement options for Qualified Plans, including IRAs, may be different to conform with the individual tax requirements of each type of Qualified Plan. Please refer to your Endorsement for IRAs or 403(b) plans, if applicable, for additional information on your death settlement options. In the case of certain Qualified Plans, the terms of the Qualified Plan Endorsement and the plans may govern the right to benefits, regardless of the terms of the Contract. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION AND DEATH OF CO-ANNUITANT We offer a Spousal Protection Benefit (Co-Annuitant) Option that may be added to your Contract subject to the following conditions: .. The individually owned Contract must be either a traditional, Roth, or Simplified Employee Pension IRA. .. The Contract Owner's spouse must be the sole Primary Beneficiary of the Contract and will be the named Co-Annuitant. .. The Contract Owner must be age 90 or younger on the Rider Application Date; and the Co-Annuitant must be age 79 or younger on the Rider Application Date. .. On or after May 1, 2005, the Option may be added only when we issue the Contract or within 6 months of the Contract Owner's marriage. You may not add the Option to your Contract without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the Option. We may require proof of marriage in a form satisfactory to us. Under the Spousal Protection Benefit Option, the Co-Annuitant will be considered to be an Annuitant under the Contract during the Accumulation Phase except that the "Death of Annuitant" provision does not apply on the death of the Co-Annuitant, and the latest Payout Start Date will be based solely on the Contract Owner's age. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. Once we accept a change, the change will take effect on the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. At any time, there may be only one Co-Annuitant under your Contract. There is an annual Rider Fee of 0.10% of the Contract Value for new Options added on or after January 1, 2005. For Options added prior to this date, there is no charge for this Option. We reserve the right to assess an annual Rider Fee not to exceed 0.15% for Options added in the future. Once this Option is added to your Contract, we guarantee that we will not increase what we charge you for this Option. For Contracts purchased on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option at any time prior to the time you elect to receive it. The option will terminate upon the date termination is accepted by us or will terminate on the earliest of the following occurrences: .. upon the death of the Co-Annuitant (as of the date we determine the Death Proceeds); .. upon the death of the Contract Owner (as of the date we determine the Death Proceeds); .. on the date the Contract is terminated; .. on the Payout Start Date; or .. on the date you change the beneficiary of the Contract and the change is accepted by us; .. for options added on or after January 1, 2005, the Owner may terminate the option upon the divorce of the Owner and the Co-Annuitant by providing written notice and proof of divorce in a form satisfactory to us; 78 PROSPECTUS

.. for options added prior to January 1, 2005, the Owner may terminate this option at anytime by written notice in a form satisfactory to us. Once terminated, a new Spousal Protection Benefit (Co-Annuitant) Option cannot be added to the Contract unless the last Option attached to the Contract was terminated due to divorce or a change of beneficiary. DEATH OF CO-ANNUITANT. If the Co-Annuitant dies prior to the Payout Start Date, subject to the following conditions, the Contract will be continued according to Option D under the "Death of Owner" provision of your Contract: .. The Co-Annuitant must have been your legal spouse on the date of his or her death; and .. Option D of the "Death of Owner" provision of your Contract has not previously been exercised. The Contract may only be continued once under Option D under the "Death of Owner" provision. For a description of Option D, see the "Death of Owner" section of this prospectus. SPOUSAL PROTECTION BENEFIT (CO-ANNUITANT) OPTION FOR CUSTODIAL INDIVIDUAL RETIREMENT ACCOUNTS AND DEATH OF CO-ANNUITANT We offer a Spousal Protection Benefit (Co-Annuitant) Option for certain Custodial Individual Retirement Accounts established under Code Section 408(a) that may be added to your Contract. CSP may not be available in all states. CSP is subject to the following conditions ("CSP Conditions"): .. The beneficially owned Contract must be a Custodial traditional IRA, Custodial Roth IRA, or a Custodial Simplified Employee Pension IRA. .. The Annuitant must be the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA. .. The Co-Annuitant must be the legal spouse of the Annuitant. Only one Co-Annuitant may be named. .. The Co-Annuitant must be the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. .. The Annuitant must be age 90 or younger on the CSP Application Date. .. The Co-Annuitant must be age 79 or younger on the CSP Application Date. .. On or after May 1, 2005, the CSP may be added only when we issue the Contract or within 6 months of the beneficial owner's marriage. You may not add the CSP to your Contract without our prior approval if your Contract Value is greater than $1,000,000 at the time you choose to add the CSP. We may require proof of marriage in a form satisfactory to us. .. We have made no payments under any Income Plan. .. There is an annual Rider Fee of 0.10% of the Contract Value for new Options added on or after January 1, 2005. For Options added prior to this date, there is no charge for this Option. We reserve the right to increase the annual Rider Fee to up to 0.15% of the Contract Value. Under CSP, the Co-Annuitant will be considered to be an Annuitant under the Contract during the Accumulation Phase except that: .. The Co-Annuitant will not be considered to be an Annuitant for purposes of determining the Payout Start Date. .. The "Death of Annuitant" provision of the Contract does not apply on the death of the Co-Annuitant. .. The Co-Annuitant is not considered the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or the Custodial Simplified Employee Pension IRA. You may change the Co-Annuitant to a new spouse only if you provide proof of remarriage in a form satisfactory to us. Once we accept a change, the change will take effect on the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. At any time, there may only be one Co-Annuitant under your Contract. For Spousal Protection Benefit (Co-Annuitant) Options for Custodial Individual Retirement Accounts added on or after January 1, 2005, there is an annual Rider Fee of 0.10% of the Contract Value for this Option. For Options added prior to this date, there is no charge for this Option. We reserve the right to assess an annual Rider Fee not to exceed 0.15% for Options added in the future. Once this Option is added to your Contract, we guarantee that we will not increase what we charge you for this Option. For Contracts issued on or after January 1, 2005, we may discontinue offering the Spousal Protection Benefit (Co-Annuitant) Option for Custodial Individual Retirement Accounts at any time to new Contract Owners and to existing Contract Owners who did not elect the Option prior to the date of discontinuance. The Owner may terminate CSP upon the divorce of the Annuitant and the Co-Annuitant by providing written notice and proof of divorce in a form satisfactory to us. The Owner may also terminate CSP upon a change in the beneficiary of the IRA by providing written notice and proof of the change in a form satisfactory to us. CSP will terminate upon the date termination is accepted by us or on the earliest of the following occurrences: .. On the date CSP is terminated as described above; or .. Upon the death of the Annuitant; or .. Upon the death of the Co-Annuitant; or .. On the date the Contract is terminated; or .. On the Payout Start Date. 79 PROSPECTUS

Once terminated, a new CSP cannot be added to the Contract unless the last option attached to the Contract was terminated due to divorce or change of beneficiary of the IRA. DEATH OF CO-ANNUITANT. This section applies if: .. The CSP Conditions are met. . The Annuitant was, at the time of the Co-Annuitant's death, the beneficial owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA. . We have received proof satisfactory to us that the Co-Annuitant has died. . The Co-Annuitant was, at the time of the Co-Annuitant's death, the sole beneficiary of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA, and . the Co-Annuitant was, at the time of the Co-Annuitant's death, the legal spouse of the Annuitant. If this section applies and if the Co-Annuitant dies prior to the Payout Start Date, then, subject to the following conditions, the Contract may be continued according to Option D under the "Death of Owner" provisions under the same terms and conditions that would apply if the Co-Annuitant were the Owner of the Contract before death and the sole new Owner of the Contract were the Annuitant provided that: .. The Co-Annuitant was the legal spouse of the Annuitant on the date of Annuitant's death. .. The Owner does not thereafter name a new Co-Annuitant; and .. The Owner of the Custodial traditional IRA, Custodial Roth IRA, or Custodial Simplified Employee Pension IRA remains the Custodian; and .. The Contract may only be continued once. MORE INFORMATION - -------------------------------------------------------------------------------- ALLSTATE Allstate Life is the issuer of the Contract. Allstate Life was organized in 1957 as a stock life insurance company under the laws of the State of Illinois. Allstate Life is a wholly owned subsidiary of Allstate Insurance Company, a stock property-liability insurance company organized under the laws of the State of Illinois. All of the capital stock issued and outstanding of Allstate Insurance Company is owned by The Allstate Corporation. Allstate Life is licensed to operate in the District of Columbia, Puerto Rico, and all jurisdictions except the State of New York. We intend to offer the Contract in those jurisdictions in which we are licensed. Our home office is located at 3100 Sanders Road, Northbrook, Illinois, 60062. On March 8, 2006, Allstate Life announced that it had entered into an agreement ("the Agreement") with Prudential Financial, Inc. and its subsidiary, The Prudential Insurance Company of America ("PICA") pursuant to which Allstate Life will sell, pursuant to a combination of coinsurance and modified coinsurance reinsurance, substantially all of its variable annuity business. The Agreement also provides that Allstate Life and PICA will enter into an administrative services agreement pursuant to which PICA or an affiliate will administer the Variable Account and the Contracts after a transition period that may last up to two years. The benefits and provisions of the Contracts will not be changed by these transactions and agreements. None of the transactions or agreements will change the fact that we are primarily liable to you under your Contract. The transaction is subject to regulatory approvals, and it is expected that it will be completed by the end of the second quarter of 2006. VARIABLE ACCOUNT Allstate Life established the Allstate Financial Advisors Separate Account I in 1999. We have registered the Variable Account with the SEC as a unit investment trust. The SEC does not supervise the management of the Variable Account or Allstate Life. We own the assets of the Variable Account. The Variable Account is a segregated asset account under Illinois law. That means we account for the Variable Account's income, gains and losses separately from the results of our other operations. It also means that only the assets of the Variable Account that are in excess of the reserves and other Contract liabilities with respect to the Variable Account are subject to liabilities relating to our other operations. Our obligations arising under the Contracts are general corporate obligations of Allstate Life. The Variable Account consists of multiple Variable Sub-Accounts, each of which invests in a corresponding Portfolio. We may add new Variable Sub-Accounts or eliminate one or more of them, if we believe marketing, tax, or investment conditions so warrant. We do not guarantee the investment performance of the Variable Account, its Sub-Accounts or the Portfolios. We may use the Variable Account to fund our other annuity contracts. We will account separately for each type of annuity contract funded by the Variable Account. THE PORTFOLIOS DIVIDENDS AND CAPITAL GAIN DISTRIBUTIONS. We automatically reinvest all dividends and capital gains 80 PROSPECTUS

distributions from the Portfolios in shares of the distributing Portfolios at their net asset value. VOTING PRIVILEGES. As a general matter, you do not have a direct right to vote the shares of the Portfolios held by the Variable Sub-Accounts to which you have allocated your Contract Value. Under current law, however, you are entitled to give us instructions on how to vote those shares on certain matters. Based on our present view of the law, we will vote the shares of the Portfolios that we hold directly or indirectly through the Variable Account in accordance with instructions that we receive from Contract Owners entitled to give such instructions. As a general rule, before the Payout Start Date, the Contract Owner or anyone with a voting interest is the person entitled to give voting instructions. The number of shares that a person has a right to instruct will be determined by dividing the Contract Value allocated to the applicable Variable Sub-Account by the net asset value per share of the corresponding Portfolio as of the record date of the meeting. After the Payout Start Date the person receiving income payments has the voting interest. The payee's number of votes will be determined by dividing the reserve for such Contract allocated to the applicable Sub-Account by the net asset value per share of the corresponding Portfolio. The votes decrease as income payments are made and as the reserves for the Contract decrease. We will vote shares attributable to Contracts for which we have not received instructions, as well as shares attributable to us, in the same proportion as we vote shares for which we have received instructions, unless we determine that we may vote such shares in our own discretion. We will apply voting instructions to abstain on any item to be voted upon on a pro-rata basis to reduce the votes eligible to be cast. We reserve the right to vote Portfolio shares as we see fit without regard to voting instructions to the extent permitted by law. If we disregard voting instructions, we will include a summary of that action and our reasons for that action in the next semi-annual financial report we send to you. CHANGES IN PORTFOLIOS. If the shares of any of the Portfolios are no longer available for investment by the Variable Account or if, in our judgment, further investment in such shares is no longer desirable in view of the purposes of the Contract, we may eliminate that Portfolio and substitute shares of another eligible investment fund. Any substitution of securities will comply with the requirements of the Investment Company Act of 1940. We also may add new Variable Sub-Accounts that invest in additional underlying funds. We will notify you in advance of any change. CONFLICTS OF INTEREST. Certain of the Portfolios sell their shares to separate accounts underlying both variable life insurance and variable annuity contracts. It is conceivable that in the future it may be unfavorable for variable life insurance separate accounts and variable annuity separate accounts to invest in the same Portfolio. The board of directors/trustees of these Portfolios monitors for possible conflicts among separate accounts buying shares of the Portfolios. Conflicts could develop for a variety of reasons. For example, differences in treatment under tax and other laws or the failure by a separate account to comply with such laws could cause a conflict. To eliminate a conflict, the Portfolio's board of directors/trustees may require a separate account to withdraw its participation in a Portfolio. A Portfolio's net asset value could decrease if it had to sell investment securities to pay redemption proceeds to a separate account withdrawing because of a conflict. THE CONTRACT DISTRIBUTION. Allstate Distributors, L.L.C. ("Allstate Distributors"), located at 3100 Sanders Road, Northbrook, IL 60062, is the principal underwriter and distributor of the Contract. Allstate Distributors is a wholly owned subsidiary of Allstate Life. Allstate Distributors is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended, and is a member of the National Association of Securities Dealers, Inc. ("NASD"). Allstate Distributors does not sell Contracts directly to purchasers. Allstate Distributors enters into selling agreements with affiliated and unaffiliated broker-dealers and banks to sell the Contracts through their registered representatives. The broker-dealers are registered with the SEC and are NASD member firms. Their registered representatives are also licensed as insurance agents by applicable state insurance authorities and appointed as agents of Allstate Life in order to sell the Contracts. Contracts also may be sold by representatives or employees of banks that may be acting as broker-dealers without separate registration under the Exchange Act, pursuant to legal and regulatory exceptions. We will pay commissions to broker-dealers and banks which sell the Contracts. Commissions paid vary, but we may pay up to a maximum sales commission of 7.5% of total purchase payments. In addition, we may pay ongoing annual compensation of up to 1.25% of Contract Value. Individual representatives receive a portion of compensation paid to the broker-dealer or bank with which they are associated in accordance with the broker-dealer's or bank's practices. We estimate that commissions and annual compensation, when combined, will not exceed 8.5% of total purchase payments. However, commissions and annual compensation could exceed that amount because ongoing annual compensation is related to Contract Value and the number of years the Contract is held. From time to time, we pay asset-based compensation and/or marketing allowances to banks and broker-dealers. These payments vary among individual banks and broker dealers, and the asset-based payments may be up to 0.25% of Contract Value annually. These payments are 81 PROSPECTUS

intended to contribute to the promotion and marketing of the Contracts, and they vary among banks and broker-dealers. The marketing and distribution support services include but are not limited to: (1) placement of the Contracts on a list of preferred or recommended products in the bank's or broker-dealer's distribution system; (2) sales promotions with regard to the Contracts; (3) participation in sales conferences; and (4) helping to defray the costs of sales conferences and educational seminars for the bank or broker-dealer's registered representatives. A list of broker-dealers and banks that Allstate Distributors paid pursuant to such arrangements is provided in the Statement of Additional Information, which is available upon request. For a free copy, please write or call us at the address or telephone number listed on the front page of this prospectus, or go to the SEC's Web site (http://www.sec.gov). To the extent permitted by NASD rules and other applicable laws and regulations, we may pay or allow other promotional incentives or payments in the form of cash or non-cash compensation. We may not offer the arrangements to all broker-dealers and banks and the terms of the arrangement may differ among broker-dealers and banks. Individual registered representatives, broker-dealers, banks, and branch managers within some broker-dealers and banks participating in one of these compensation arrangements may receive greater compensation for selling the contract than for selling a different contact that is not eligible for the compensation arrangement. While we take the compensation into account when establishing contract charges, any such compensation will be paid by us or Allstate Distributors and will not result in any additional charge to you. Your registered representative can provide you with more information about the compensation arrangements that apply to the sale of the contract. Allstate Life does not pay Allstate Distributors a commission for distribution of the Contracts. Allstate Distributors compensates its representatives who act as wholesalers, and their sales management personnel, for Contract sales. This compensation is based on a percentage of premium payments and/or a percentage of Contract Values. The underwriting agreement with Allstate Distributors provides that we will reimburse Allstate Distributors for expenses incurred in distributing the Contracts, including any liability to Contract Owners arising out of services rendered or Contracts issued. For Allstate Advisor Contracts issued to employees of Allstate Life and certain other eligible organizations, and in lieu of Allstate Life paying any commissions on sales of those Contracts, the Contract Owner will receive a credit of 6% of the amount of each purchase payment that will be applied to each purchase payment. Allstate Life will allocate this credit in the same allocation as your most recent instruction. If you exercise your Right to Cancel your Contract as described in this prospectus, we will return to you the amount you would have received had there been no credit. Unless we are required by law to return your purchase payments, this amount also will include any charges deducted that reduced your Contract Value prior to cancellation, plus any investment gain on the credit. The credit may not be available in all states. We do not consider the credit to be an "investment in the contract" for income tax purposes. ADMINISTRATION. We have primary responsibility for all administration of the Contracts and the Variable Account. Pursuant to the Agreement, we will enter into an administrative services agreement with PICA whereby, after a transition period that may last up to two years, PICA or an affiliate will provide administrative services to the Variable Account and the Contracts on our behalf. We provide the following administrative services, among others: .. issuance of the Contracts; .. maintenance of Contract Owner records; .. Contract Owner services; .. calculation of unit values; .. maintenance of the Variable Account; and .. preparation of Contract Owner reports. We will send you Contract statements at least annually. We will also send you transaction confirmations. You should notify us promptly in writing of any address change. You should read your statements and confirmations carefully and verify their accuracy. You should contact us promptly if you have a question about a periodic statement or a confirmation. We will investigate all complaints and make any necessary adjustments retroactively, but you must notify us of a potential error within a reasonable time after the date of the questioned statement. If you wait too long, we will make the adjustment as of the date that we receive notice of the potential error. We will also provide you with additional periodic and other reports, information and prospectuses as may be required by federal securities laws. ANNUITIES HELD WITHIN A QUALIFIED PLAN If you use the Contract within an employer sponsored qualified retirement plan, the plan may impose different or additional conditions or limitations on withdrawals, waivers of withdrawal charges, death benefits, Payout Start Dates, income payments, and other Contract features. In addition, adverse tax consequences may result if Qualified Plan limits on distributions and other conditions are not met. Please consult your Qualified Plan administrator for more information. Allstate Life no longer issues deferred annuities to employer sponsored qualified retirement plans. 82 PROSPECTUS

LEGAL MATTERS LeBoeuf, Lamb, Greene & MacRae, L.L.P., Washington, D.C., has advised Allstate Life on certain federal securities law matters. All matters of Illinois law pertaining to the Contracts, including the validity of the Contracts and Allstate Life's right to issue such Contracts under Illinois insurance law, have been passed upon by Michael J. Velotta, General Counsel of Allstate Life. 83 PROSPECTUS

.. dies, .. becomes disabled, or .. incurs a hardship (earnings on salary reduction contributions may not be distributed on account of hardship). These limitations do not apply to withdrawals where Allstate Life is directed to transfer some or all of the Contract Value to another 403(b) plan. Generally, we do not accept funds in 403(b) contracts that are subject to the Employee Retirement Income Security Act of 1974 (ERISA). CORPORATE AND SELF-EMPLOYED PENSION AND PROFIT SHARING PLANS. Section 401(a) of the Code permits corporate employers to establish various types of tax favored retirement plans for employees. Self-employed individuals may establish tax favored retirement plans for themselves and their employees (commonly referred to as "H.R.10" or "Keogh"). Such retirement plans may permit the purchase of annuity contracts. Allstate Life no longer issues annuity contracts to employer sponsored qualified retirement plans. There are two owner types for contracts intended to qualify under Section 401(a): a qualified plan fiduciary or an annuitant owner. .. A qualified plan fiduciary exists when a qualified plan trust that is intended to qualify under Section 401(a) of the Code is the owner. The qualified plan trust must have its own tax identification number and a named trustee acting as a fiduciary on behalf of the plan. The annuitant should be the person for whose benefit the contract was purchased. .. An annuitant owner exists when the tax identification number of the owner and annuitant are the same, or the annuity contract is not owned by a qualified plan trust. The annuitant should be the person for whose benefit the contract was purchased. If a qualified plan fiduciary is the owner of the contract, the qualified plan must be the beneficiary so that death benefits from the annuity are distributed in accordance with the terms of the qualified plan. Annuitant owned contracts require that the beneficiary be the annuitant's spouse (if applicable), which is consistent with the required IRS language for qualified plans under Section 401(a). A completed Annuitant Owned Qualified Plan Designation of Beneficiary form is required in order to change the beneficiary of an annuitant owned Qualified Plan contract. STATE AND LOCAL GOVERNMENT AND TAX-EXEMPT ORGANIZATION DEFERRED COMPENSATION PLANS. Section 457 of the Code permits employees of state and local governments and tax-exempt organizations to defer a portion of their compensation without paying current taxes. The employees must be participants in an eligible deferred compensation plan. In eligible governmental plans, all assets and income must be held in a trust/ custodial account/annuity contract for the exclusive benefit of the participants and their beneficiaries. To the extent the Contracts are used in connection with a non-governmental eligible plan, employees are considered general creditors of the employer and the employer as owner of the Contract has the sole right to the proceeds of the Contract. Under eligible 457 plans, contributions made for the benefit of the employees will not be includible in the employees' gross income until distributed from the plan. Allstate Life no longer issues annuity contracts to employer sponsored qualified retirement plans. ANNUAL REPORTS AND OTHER DOCUMENTS - -------------------------------------------------------------------------------- Allstate Life's Annual Report on Form 10-K for the year ended December 31, 2005, is incorporated herein by reference, which means that it is legally a part of this prospectus. After the date of this prospectus and before we terminate the offering of the securities under this prospectus, all documents or reports we file with the SEC under the Securities Exchange Act of 1934 are also incorporated herein by reference, which means that they also legally become a part of this prospectus. Statements in this prospectus, or in documents that we file later with the SEC and that legally become a part of this prospectus, may change or supersede statements in other documents that are legally part of this prospectus. Accordingly, only the statement that is changed or replaced will legally be a part of this prospectus. We file our Exchange Act documents and reports, including our annual and quarterly reports on Form 10-K and Form 10-Q electronically on the SEC's "EDGAR" system using the identifying number CIK No. 0000352736. The SEC maintains a Web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC. The address of the site is http://www.sec.gov. You also can view these materials at the SEC's Public Reference Room at 100 F Street NE, Room 1580, Washington, DC 20549-2001. For more information on the operations of SEC's Public Reference Room, call 1-800-SEC-0330. If you have received a copy of this prospectus, and would like a free copy of any document incorporated herein by reference (other than exhibits not specifically incorporated by reference into the text of such documents), please write or call us at P.O. Box 80469, Lincoln, NE 68501-0469 or 1-800-203-0068. 90 PROSPECTUS

STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- ADDITIONS, DELETIONS, OR SUBSTITUTIONS OF INVESTMENTS - -------------------------------------------------------------------------------- THE CONTRACTS - -------------------------------------------------------------------------------- Agreements with the Prudential Insurance Company of America - -------------------------------------------------------------------------------- Purchase of Contracts - -------------------------------------------------------------------------------- Tax-Free Exchanges (1035 Exchanges, Rollovers and Transfers) - -------------------------------------------------------------------------------- CALCULATION OF ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- Net Investment Factor - -------------------------------------------------------------------------------- CALCULATION OF VARIABLE INCOME PAYMENTS - -------------------------------------------------------------------------------- CALCULATION OF ANNUITY UNIT VALUES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- GENERAL MATTERS - -------------------------------------------------------------------------------- Incontestability - -------------------------------------------------------------------------------- Settlements - -------------------------------------------------------------------------------- Safekeeping of the Variable Account's Assets - -------------------------------------------------------------------------------- Premium Taxes - -------------------------------------------------------------------------------- Tax Reserves - -------------------------------------------------------------------------------- EXPERTS - -------------------------------------------------------------------------------- FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- APPENDIX A-ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFERING IN ANY JURISDICTION IN WHICH SUCH OFFERING MAY NOT LAWFULLY BE MADE. WE DO NOT AUTHORIZE ANYONE TO PROVIDE ANY INFORMATION OR REPRESENTATIONS REGARDING THE OFFERING DESCRIBED IN THIS PROSPECTUS OTHER THAN AS CONTAINED IN THIS PROSPECTUS. 91 PROSPECTUS

APPENDIX A CONTRACT COMPARISON CHART FEATURE ADVISOR ADVISOR PREFERRED - -------------------------------------------------------------------------------------------------------------- 5-YEAR WITHDRAWAL 3-YEAR WITHDRAWAL NO WITHDRAWAL CHARGE OPTION CHARGE OPTION CHARGE OPTION - -------------------------------------------------------------------------------------------------------------- Mortality and Expense Risk Charge 1.10% 1.40% 1.50% 1.60% (Base Contract) - -------------------------------------------------------------------------------------------------------------- Withdrawal Charge 7/ 6/ 5/ 4/ 3 7/ 6/ 5 None (% of purchase payment) 7/ 7/ 6/ 5/ 4/ 3/ 2 - -------------------------------------------------------------------------------------------------------------- Withdrawal Charge Confinement, Terminal Confinement, Terminal Confinement, Terminal N/A Waivers Illness, Unemployment Illness, Unemployment Illness, Unemployment - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- The Fixed Account Options available depend on the type of Contract you have purchased and the state in which your Contract was issued. The following tables summarize the availability of the Fixed Account Options in general. Please check with your representative for specific details for your state. DCA FIXED ACCOUNT OPTION - ---------------------------------------------------------------------------------------- Advisor Preferred ------------------------------------------------------ Advisor 5-YEAR 3-YEAR NO WITHDRAWAL WITHDRAWAL CHARGE WITHDRAWAL CHARGE CHARGE OPTION - ---------------------------------- OPTION OPTION ------------------------------------------------------ TRANSFER PERIODS 3 to 6 month 3 to 6 month 3 to 6 month N/A ---------------------------------------------------------------------- - ------------------ 7 to 7 to 12 month 7 to 12 month N/A 12 month ---------------------------------------------------------------------- STANDARD FIXED ACCOUNT OPTION (SOME OPTIONS NOT AVAILABLE IN ALL STATES) - -------------------------------------------------------------------------------------------- Advisor Advisor Preferred --------------------------------------------------------- 5-YEAR 3-YEAR NO WITHDRAWAL CHARGE WITHDRAWAL CHARGE WITHDRAWAL CHARGE ---------------- OPTION OPTION OPTION --------------------------------------------------------- GUARANTEE PERIODS 1-year N/A N/A N/A - -------------------------------------------------------------------------------------------- 3-year* N/A N/A N/A ------------------------------------------------------------------------- 5-year* N/A N/A N/A ------------------------------------------------------------------------- 7-year* N/A N/A N/A ------------------------------------------------------------------------- MVA FIXED ACCOUNT OPTION (NOT AVAILABLE IN ALL STATES)** - -------------------------------------------------------------------------------------------- Advisor Advisor Preferred --------------------------------------------------------- 5-YEAR 3-YEAR NO WITHDRAWAL CHARGE WITHDRAWAL CHARGE WITHDRAWAL CHARGE ---------------- OPTION OPTION OPTION --------------------------------------------------------- GUARANTEE PERIODS 3-year 3-year 3-year 3-year - -------------------------------------------------------------------------------------------- 5-year 5-year 5-year 5-year ------------------------------------------------------------------------- 7-year 7-year 7-year 7-year ------------------------------------------------------------------------- 10-year 10-year 10-year 10-year ------------------------------------------------------------------------- * Available only in states in which the MVA Fixed Account Option is not offered. ** Not available in states in which the 3-, 5-, or 7-year Standard Fixed Account Options are offered. 92 PROSPECTUS

*These examples assume the election of the ALLSTATE ADVISOR CONTRACT for the purpose of illustrating the Market Value Adjustment calculation. The amounts would be different under the ALLSTATE ADVISOR PREFERRED CONTRACT, which has different expenses and withdrawal charges. 94 PROSPECTUS

APPENDIX D WITHDRAWAL ADJUSTMENT EXAMPLE - INCOME BENEFITS* - -------------------------------------------------------------------------------- Issue Date: January 1, 2003 Initial Purchase Payment: $50,000 Income Benefit Amount Beginning Contract Maximum Type of Contract Transaction Value After Anniversary 5% Date Occurrence Value Amount Occurrence Value Roll-Up Value - ----------------------------------------------------------------------------------------------------------------------------------- 1/1/04 Contract Anniversary $55,000 _ $55,000 $55,000 $52,500 - ----------------------------------------------------------------------------------------------------------------------------------- 7/1/04 Partial Withdrawal $60,000 $15,000 $45,000 $41,250 $40,176 - ----------------------------------------------------------------------------------------------------------------------------------- The following shows how we compute the adjusted income benefits in the example above. Please note that the withdrawal adjustment reduces the Maximum Anniversary Value by the same proportion as the withdrawal reduces the Contract Value. The withdrawal adjustment reduces the 5% Roll-Up Value part dollar-for-dollar and part proportionally. MAXIMUM ANNIVERSARY VALUE INCOME BENEFIT - ------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial (b) $60,000 Withdrawal - ------------------------------------------------------------------------------- Value of Income Benefit Amount Immediately Prior (c) $55,000 to Partial Withdrawal - ------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,750 - ------------------------------------------------------------------------------- Adjusted Income Benefit $41,250 - ------------------------------------------------------------------------------- 5% ROLL-UP VALUE INCOME BENEFIT** - ------------------------------------------------------------------------------- Total Partial Withdrawal Amount (a) $15,000 - ------------------------------------------------------------------------------- STEP I - DOLLAR FOR DOLLAR PORTION - ------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial (b) $60,000 Withdrawal - ------------------------------------------------------------------------------- Value of Income Benefit Amount Immediately Prior to Partial Withdrawal (assumes 181 days worth of (c) $53,786 interest on $52,500) - ------------------------------------------------------------------------------- Partial Withdrawal Amount (Corridor = 5% of (d) $ 2,625 Roll-Up Value on 1/1/04) - ------------------------------------------------------------------------------- Dollar for Dollar Withdrawal Adjustment (e)=(d)*1.05^-0.5 $ 2,562 (discounted for a half year's worth of interest) - ------------------------------------------------------------------------------- Contract Value After Step 1 (b')=(b)-(d) $57,375 - ------------------------------------------------------------------------------- Adjusted Income Benefit After Step 1 (c')=(c)-(e) $51,224 - ------------------------------------------------------------------------------- STEP 2 - PROPORTIONAL PORTION - ------------------------------------------------------------------------------- Partial Withdrawal Amount (a')=(a)-(d) $12,375 - ------------------------------------------------------------------------------- Proportional Adjustment (a')/(b')*(c') $11,048 - ------------------------------------------------------------------------------- Contract Value After Step 2 (b')-(a') $45,000 - ------------------------------------------------------------------------------- Adjusted Income Benefit After Step 2 $40,176 - ------------------------------------------------------------------------------- * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values and Maximum Anniversary Value for all Contracts, net of applicable fees and charges. Actual income benefit amounts will differ due to the different fees and charges under each Contract. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. 96 PROSPECTUS

APPENDIX E WITHDRAWAL ADJUSTMENT EXAMPLE - DEATH BENEFITS* - -------------------------------------------------------------------------------- Issue Date: January 1, 2006 Initial Purchase Payment: $50,000 Death Benefit Amount ---------------------------------------- Beginning Contract Maximum Type of Contract Transaction Value After Purchase Anniversary Enhanced Date Occurrence Value Amount Occurrence Payment Value Value Beneficiary - ------------------------------------------------------------------------------------------------------------------------ Value ------------ 1/1/2007 Contract Anniversary $55,000 _ $55,000 $50,000 $55,000 $52,500 - ------------------------------------------------------------------------------------------------------------------------------------ 7/1/2007 Partial Withdrawal $60,000 $15,000 $45,000 $37,500 $41,250 $40,339 - ------------------------------------------------------------------------------------------------------------------------------------ The following shows how we compute the adjusted death benefits in the example above. Please note that the withdrawal reduces the Purchase Payment Value, the Maximum Anniversary Value, and the Enhanced Beneficiary Value by the same proportion as the withdrawal reduces the Contract Value. PURCHASE PAYMENT VALUE DEATH BENEFIT - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Death Benefit Amount Immediately Prior to (c) $50,000 Partial Withdrawal - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $12,500 - ----------------------------------------------------------------------------------- Adjusted Death Benefit $37,500 - ----------------------------------------------------------------------------------- MAV DEATH BENEFIT - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Death Benefit Amount Immediately Prior to (c) $55,000 Partial Withdrawal - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,750 - ----------------------------------------------------------------------------------- Adjusted Death Benefit $41,250 - ----------------------------------------------------------------------------------- ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) BENEFIT - ----------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - ----------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - ----------------------------------------------------------------------------------- Value of Death Benefit Amount Immediately Prior to Partial Withdrawal (assumes 181 days worth of interest (c) $53,786 on $52,500) - ----------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $13,446 - ----------------------------------------------------------------------------------- Adjusted Death Benefit $40,339 - ----------------------------------------------------------------------------------- * For purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values and Maximum Anniversary Value for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. 97 PROSPECTUS

APPENDIX F CALCULATION OF EARNINGS PROTECTION DEATH BENEFIT* - -------------------------------------------------------------------------------- The following are examples of the Earnings Protection Death Benefit Option. For illustrative purposes, the examples assume Earnings in each case. Please remember that you are looking at examples and that your investment performance may be greater or lower than the figures shown. EXAMPLE 1: ELECTED WHEN CONTRACT WAS ISSUED WITHOUT ANY SUBSEQUENT ADDITIONS OR WITHDRAWALS In this example, assume that the oldest Contract Owner is age 55 on the Rider Application Date and elects the Earnings Protection Death Benefit Option when the Contract is issued. The Contract Owner makes an initial purchase payment of $100,000. After four years, the Contract Owner dies. On the date Allstate Life receives a Complete Request for Settlement, the Contract Value is $125,000. Prior to his death, the Contract Owner did not make any additional purchase payments or take any withdrawals. Excess of Earnings Withdrawals = $0 Purchase Payments in the 12 months prior to = $0 death In-Force Premium = $100,000 ($100,000 + $0 - $0) In-Force Earnings = $25,000 ($125,000 - $100,000) EARNINGS PROTECTION DEATH BENEFIT** = 40 % * $25,000 = $10,000 Since 40% of In-Force Earnings is less than 100% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($6,250.00). EXAMPLE 2: ELECTED WHEN CONTRACT WAS ISSUED WITH SUBSEQUENT WITHDRAWALS In this example, assume the same facts as above, except that the Contract Owner has taken a withdrawal of $10,000 during the second year of the Contract. Immediately prior to the withdrawal, the Contract Value is $105,000. Here, $5,000 of the withdrawal is in excess of the In-Force Earnings at the time of the withdrawal. The Contract Value on the date Allstate Life receives a Complete Request for Settlement will be assumed to be $114,000. Excess of Earnings Withdrawals = $5,000 ($10,000-$5,000) Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $95,000 ($100,000+$0-$5,000) In-Force Earnings = $19,000 ($114,000-$95,000) EARNINGS PROTECTION DEATH BENEFIT** = 40%*$19,000=$7,600 Since 40% of In-Force Earnings is less than 100% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($4,750.00). 98 PROSPECTUS

EXAMPLE 3: ELECTED AFTER CONTRACT WAS ISSUED WITH SUBSEQUENT ADDITIONS AND WITHDRAWALS This example is intended to illustrate the effect of adding the Earnings Protection Death Benefit Option after the Contract has been issued and the effect of later purchase payments. In this example, assume that the oldest Contract Owner is age 72 on the Rider Application Date. At the time the Contract is issued, the Contract Owner makes a purchase payment of $100,000. After two years pass, the Contract Owner elects to add the Earnings Protection Death Benefit Option. On the date this Rider is added, the Contract Value is $110,000. Two years later, the Contract Owner withdraws $50,000. Immediately prior to the withdrawal, the Contract Value is $130,000. Another two years later, the Contract Owner makes an additional purchase payment of $40,000. Immediately after the additional purchase payment, the Contract Value is $130,000. Two years later, the Contract Owner dies with a Contract Value of $140,000 on the date Allstate Life receives a Complete Request for Settlement. Excess of Earnings Withdrawals = $30,000 ($50,000-$20,000) Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $120,000 ($110,000+$40,000-$30,000) In-Force Earnings = $20,000 ($140,000-$120,000) EARNINGS PROTECTION DEATH BENEFIT** = 25%*$20,000=$5,000 In this example, In-Force Premium is equal to the Contract Value on Rider Application Date plus the additional purchase payment and minus the Excess-of-Earnings Withdrawal. Since 25% of In-Force Earnings is less than 50% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been age 70 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 40% of the In-Force Earnings ($8,000.00). EXAMPLE 4: SPOUSAL CONTINUATION This example is intended to illustrate the effect of a surviving spouse electing to continue the Contract upon the death of the Contract Owner on a Contract with the Earnings Protection Death Benefit Option. In this example, assume that the oldest Contract Owner is age 60 at the time the Contract is purchased (with the Earnings Protection Death Benefit Option and Maximum Anniversary Death Benefit Option) with a $100,000 purchase payment. Five years later the Contract Owner dies and the surviving spouse elects to continue the Contract. The Contract Value and Maximum Anniversary Value at this time are $150,000 and $160,000, respectively. Excess of Earnings Withdrawals = $0 Purchase Payments in the 12 months prior to death = $0 In-Force Premium = $100,000 ($100,000+$0-$0) In-Force Earnings = $50,000 ($150,000-$100,000) EARNINGS PROTECTION DEATH BENEFIT** = 40%*$50,000=$20,000 Contract Value = $150,000 Death Benefit = $160,000 Earnings Protection Death Benefit = $20,000 Continuing Contract Value = $180,000 ($160,000+$20,000) Since 40% of In-Force Earnings is less than 100% of the In-Force Premium (excluding purchase payments in the 12 months prior to death), the In-Force Earnings are used to compute the Earnings Protection Death Benefit amount. Assume the surviving spouse is age 72 when the Contract is continued. At this time, the surviving spouse has the option to continue the Earnings Protection Death Benefit Option at an additional mortality and expense risk charge of 0.40% and with an In-Force Premium amount equal to the Contract Value and the Rider Date reset to the date the Contract is 99 PROSPECTUS

continued. If this selection is made, the Earnings Protection Death Benefit will be equal to the lesser of 25% of the In-Force Earnings and 50% of In-Force Premium. Otherwise, the surviving spouse may elect to terminate the Earnings Protection Death Benefit Option at the time of continuation. * For purposes of illustrating the calculation of Earnings Protection Death Benefit Option, the example assumes the same hypothetical Contract Values and Maximum Anniversary Values for all Contracts, net of applicable fees and charges. Actual death benefit amounts will differ due to the different fees and charges under each Contract. **If the oldest Contract Owner or Annuitant had been over age 70, and both were age 79 or younger on the Rider Application Date, the Earnings Protection Death Benefit would be 25% of the In-Force Earnings ($12,500.00). 100 PROSPECTUS

APPENDIX G - WITHDRAWAL ADJUSTMENT EXAMPLE - TRUERETURN ACCUMULATION BENEFIT* - -------------------------------------------------------------------------------- RIDER DATE: JANUARY 2, 2005 INITIAL PURCHASE PAYMENT: $50,000 INITIAL BENEFIT BASE: $50,000 Type of Beginning Contract Transaction Contract Value Date Occurrence Value Amount After Occurrence Benefit Base - ---------------------------------------------------------------------------------------------------------------------- 1/2/06 $55,000 - $55,000 $50,000 Contract Anniversary - ---------------------------------------------------------------------------------------------------------------------- 7/2/06 Partial Withdrawal $60,000 $15,000 $45,000 $37,500 - ---------------------------------------------------------------------------------------------------------------------- The following shows how we compute the adjusted Benefit Bases in the example above. Please note the withdrawal reduces the Benefit Base by the same proportion as the withdrawal reduces the Contract Value. BENEFIT BASE - -------------------------------------------------------------------------------- Partial Withdrawal Amount (a) $15,000 - -------------------------------------------------------------------------------- Contract Value Immediately Prior to Partial Withdrawal (b) $60,000 - -------------------------------------------------------------------------------- Value of Benefit Base Immediately Prior to Partial (c) $50,000 Withdrawal - -------------------------------------------------------------------------------- Withdrawal Adjustment [(a)/(b)]*(c) $12,500 - -------------------------------------------------------------------------------- Adjusted Benefit Base $37,500 - -------------------------------------------------------------------------------- *For the purpose of illustrating the withdrawal adjustment calculation, the example assumes the same hypothetical Contract Values, net of applicable fees and charges for all Contracts. Actual Contract Values will differ due to the different fees and charges under each Contract. Please remember that you are looking at an example and that your investment performance may be greater or lower than the figures shown. 101 PROSPECTUS

APPENDIX H - SUREINCOME WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Advisor contract with a $100,000 - ---------- initial purchase payment and add the SureIncome Option at issue. Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $8,000, which is 8% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $8,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $11,200, which is your prior Benefit Payment ($8,000) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $11,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($8,000) plus 8% of your additional purchase payment ($40,000). Example 3: Assume Example 1 is continued and a withdrawal of $8,000 is made - ---------- during the first Benefit Year. The Benefit Base is reduced to $92,000, which is your prior Benefit Base ($100,000) less your withdrawal ($8,000). The Benefit Payment is unchanged and remains $8,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($8,000) less your withdrawal ($8,000). Example 4: Assume example 1 is continued and a withdrawal of $25,000 is made - ---------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment remains $8,000, determined by the following calculation: the lesser of ($8,000) and (8% x ($130,000-$25,000))=$8,000 There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. Example 5: Assume example 3 is continued and an additional withdrawal of $5,000 - ---------- is taken in the same year (the first Benefit Year). Assume the Contract Value prior to the additional withdrawal was $60,000. Because the $5,000 withdrawal is larger than the Benefit Payment Remaining ($0), the Benefit Base and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $55,000, determined by the following calculation: the lesser of ($60,000 - $5,000) and ($92,000 - $5,000)=$55,000. The Benefit Payment is reduced to $4,400, determined by the following formula: the lesser of ($8,000) and ((8% x ($60,000-$5,000))=$4,400. The Benefit Payment Remaining is unchanged at $0. Example 6: Assume example 5 is continued and an additional Purchase Payment of - ---------- 40,000 is made in the same year (the first Benefit Year). The Benefit Base is increased to $95,000, which is your prior Benefit Base ($55,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $7,600, which is your prior Benefit Payment ($4,400) plus 8% of your additional purchase payment ($40,000). 102 PROSPECTUS

The Benefit Payment Remaining is increased to $3,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($0) plus 8% of your additional purchase payment ($40,000). Example 7: Assume example 6 is continued and an additional withdrawal of $3,200 - ---------- is taken in the same year (the first Benefit Year). The Benefit Base is reduced to $91,800, which is your prior Benefit Base ($95,000) less your withdrawal ($3,200). The Benefit Payment is unchanged and remains $7,600. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($3,200) less your withdrawal ($3,200). 103 PROSPECTUS

APPENDIX I- SUREINCOME PLUS WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Advisor Variable Annuity contract - ---------- with a $100,000 initial purchase payment and add the SureIncome Plus Option at issue. Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your SureIncome ROP Death Benefit is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $8,000, which is 8% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $8,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $140,000, which is your prior SureIncome ROP Death Benefit ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $11,200, which is your prior Benefit Payment ($8,000) plus 8% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $11,200, which is your Benefit Payment Remaining prior to your additional purchase payment ($8,000) plus 8% of your additional purchase payment ($40,000). Example 3: Assume Example 1 is continued and a withdrawal of $8,000 is made - ---------- during the first Benefit Year. The Benefit Base is reduced to $92,000, which is your prior Benefit Base ($100,000) less your withdrawal ($8,000). The SureIncome ROP Death Benefit is reduced to $92,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($8,000). The Benefit Payment is unchanged and remains $8,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($8,000) less your withdrawal ($8,000). Example 4: Assume Example 1 is continued and a withdrawal of $25,000 is made - ---------- during the first Benefit Year. Assume the Contract Value prior to the withdrawal was $130,000. Because the $25,000 withdrawal is larger than the Benefit Payment Remaining, the Benefit Base, the SureIncome ROP Death Benefit and Benefit Payment will be recalculated according to applicable formulas. The Benefit Base is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The SureIncome ROP Death Benefit is reduced to $75,000, determined by the following calculation: the lesser of ($130,000 - $25,000) and ($100,000 - $25,000)=$75,000. The Benefit Payment remains $8,000, determined by the following calculation: the lesser of ($8,000) and (8% X ($130,000-$25,000))=$8,000 There is no Benefit Payment Remaining because the withdrawal has reduced it to $0. 104 PROSPECTUS

APPENDIX J- SUREINCOME FOR LIFE WITHDRAWAL BENEFIT OPTION CALCULATION EXAMPLES - -------------------------------------------------------------------------------- Example 1: Assume you purchase an Allstate Advisor Variable Annuity contract - ---------- with $100,000 initial purchase payment, are attained age 55 at issue, and add the SureIncome For Life Option at issue (you are the SureIncome Covered Life). Your Benefit Base is $100,000, which is your initial purchase payment of $100,000. Your SureIncome ROP Death Benefit is $100,000, which is your initial purchase payment of $100,000. Your Benefit Payment is $4,000, which is 4% of your initial purchase payment. Your Benefit Payment Remaining for this Benefit Year is $4,000, which is equal to your Benefit Payment at the beginning of this Benefit Year. Note: The Benefit Payment remains $4,000 until you turn age 60 (as long as the Contract Value on any of the prior Contract Anniversaries have not caused any of the guarantees under the Option to be updated). At that point, if no withdrawals have been taken, your Benefit Payment & Benefit Payment Remaining are updated to 5% X current Benefit Base ($5,000 = 5% X $100,000, assuming your Benefit Base is still $100,000). Example 2: Assume Example 1 is continued and an additional purchase payment of - ---------- $40,000 is made in the first Benefit Year. The Benefit Base is increased to $140,000, which is your prior Benefit Base ($100,000) plus your additional purchase payment ($40,000). The SureIncome ROP Death Benefit is increased to $140,000, which is your prior SureIncome ROP Death Benefit ($100,000) plus your additional purchase payment ($40,000). The Benefit Payment is increased to $5,600, which is your prior Benefit Payment ($4,000) plus 4% of your additional purchase payment ($40,000). The Benefit Payment Remaining is increased to $5,600, which is your prior Benefit Payment Remaining ($4,000) plus 4% of your additional purchase payment ($40,000). Note: The Benefit Payment remains $5,600 until you turn age 60 (for the purposes of this example it is assumed the maximum anniversary value on any of the prior Contract Anniversaries has not increased the Benefit Payment). At that point, if no withdrawals have been taken, your Benefit Payment & Benefit Payment Remaining are updated to 5% X current Benefit Base ($7,000 = 5% X $140,000, assuming your Benefit Base is still $140,000). Example 3a: Assume Example 1 is continued and the first withdrawal, equal to - ----------- $4,000, is made during the first Benefit Year. The Benefit Base is reduced to $96,000, which is your prior Benefit Base ($100,000) less your withdrawal ($4,000). The SureIncome ROP Death Benefit is reduced to $96,000, which is your prior SureIncome ROP Death Benefit ($100,000) less your withdrawal ($4,000). The Benefit Payment is unchanged and remains $4,000. The Benefit Payment Remaining in the first Benefit Year is $0, which is your Benefit Payment Remaining prior to your withdrawal ($4,000) less your withdrawal ($4,000). Note: The Withdrawal Benefit Factor is locked at 4% because the age at first withdrawal is age 55. 107 PROSPECTUS

The Benefit Base is reduced to $93,400, which is your prior Benefit Base ($95,000) less your withdrawal ($1,600). The SureIncome ROP Death Benefit is reduced to $93,400, which is your prior SureIncome ROP Death Benefit ($95,000) less your withdrawal ($1,600). The Benefit Payment is unchanged and remains $3,800. The Benefit Payment Remaining is reduced to $0, which is your Benefit Payment Remaining prior to your withdrawal ($1,600) less your withdrawal ($1,600). Example 8: Assume Example 1 is continued and on the first Contract Anniversary - ---------- the Contract Value prior to deduction of annual fees is $160,000. The SureIncome For Life Option Fee is $650, which is 0.65% X the Benefit Base ($100,000) prior to updating the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $159,350, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome For Life Option Fee is the only annual fee applicable). The Benefit Base is increased to $159,350, which is the greater of your current Benefit Base ($100,000) and the final Contract Value on the Contract Anniversary ($159,350). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is increased to $6,374, which is the greater of your current Benefit Payment ($4,000) and 4% of the final Contract Value on the Contract Anniversary ($159,350). The Benefit Payment Remaining is updated to $6,374, which is the Benefit Payment on the Contract Anniversary. Note: The Benefit Payment remains $6,374 until you turn age 60 (for the purposes of this example it is assumed the maximum anniversary value on any of the prior Contract Anniversaries has not increased the Benefit Payment). At that point, if no withdrawals have been taken, your Benefit Payment and Benefit Payment Remaining are updated to 5% X current Benefit Base ($7,967.50 = 5% X $159,350, assuming your Benefit Base is still $159,350). Example 9: Assume Example 8 is continued, no withdrawals or purchase payments - ---------- are applied during the second Contract Year and on the second Contract Anniversary the Contract Value prior to deduction of annual fees is $60,000. The SureIncome For Life Option Fee is $1,035.78, which is 0.65% X the Benefit Base ($159,350) prior to updating for the Benefit Base based on the Contract Value on the Contract Anniversary. The final Contract Value is $58,964.22, which the Contract Value on the Contract Anniversary after deduction of annual fees (assume SureIncome For Life Option Fee is the only annual fee applicable). The Benefit Base is remains $159,350, which is the greater of your current Benefit Base ($159,350) and the final Contract Value on the Contract Anniversary ($58,964.22). The SureIncome ROP Death Benefit remains $100,000. The Benefit Payment is remains $6,374, which is the greater of your current Benefit Payment $6,374 and 4% X the final Contract Value on the Contract Anniversary ($58,964.22). The Benefit Payment Remaining is updated to $6,374, which is the Benefit Payment on the Contract Anniversary. 110 PROSPECTUS

APPENDIX K- ACCUMULATION UNIT VALUES - -------------------------------------------------------------------------------- Appendix K presents the Accumulation Unit Values and number of Accumulation Units outstanding for each Variable Sub-Account since the Variable Sub-Accounts were first offered under the Contracts. This Appendix includes Accumulation Unit Values representing the highest and lowest available combinations of Contract charges that affect Accumulation Unit Values for each Contract. The Statement of Additional Information, which is available upon request without charge, contains the Accumulation Unit Values for all other available combinations of Contract charges that affect Accumulation Unit Values for each Contract. Please contract us at 1-800-203-0068 to obtain a copy of the Statement of Additional Information. ALLSTATE ADVISOR CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account, Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 1.10% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - --------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - --------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 10.749 $ 11.327 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.749 $ 11.327 $ 11.081 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,073 11,497 11,274 - --------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.267 $ 14.451 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.267 $ 14.451 $ 16.113 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 42 326 303 - --------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 10.026 $ 10.309 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.026 $ 10.309 $ 10.397 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,147 11,884 18,366 - --------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.356 $ 12.813 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.356 $ 12.813 $ 13.790 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,346 14,479 17,044 - --------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.262 $ 12.818 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.262 $ 12.818 $ 13.127 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 3,813 3,884 - --------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 11.438 $ 13.189 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.438 $ 13.189 $ 14.884 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 5,312 8,657 9,168 - --------------------------------------------------------------------------------------------------- 111 PROSPECTUS

STI Classic Small Cap Value Equity Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 12.233 $ 14.996 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.233 $ 14.996 $ 16.564 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,982 12,820 17,258 - --------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.851 $ 13.475 $ 14.713 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.475 $ 14.713 $ 15.034 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 19,258 91,878 121,852 - --------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 11.263 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 11.263 $ 11.297 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 36,695 238,778 - --------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.533 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.533 $ 10.508 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 19,883 52,660 - --------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.508 $ 14.653 $ 17.899 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.653 $ 17.899 $ 19.217 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 6,008 30,266 42,724 - --------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.274 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.274 $ 10.385 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 26,530 45,396 - --------------------------------------------------------------------------------------------------- 112 PROSPECTUS

FTVIP Mutual Discovery Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.428 $ 12.765 $ 14.192 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.765 $ 14.192 $ 15.488 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 11,247 93,951 175,870 - --------------------------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.323 $ 16.979 $ 20.902 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.979 $ 20.902 $ 26.292 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 384 4,722 9,019 - --------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.618 $ 13.683 $ 16.009 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.683 $ 16.009 $ 17.410 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,281 22,173 79,063 - --------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.920 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.920 $ 11.529 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,505 8,154 - --------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.370 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.370 $ 10.371 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 10,261 19,485 - --------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.904 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.904 $ 11.114 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 8,652 38,241 - --------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 11.153 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 11.153 $ 11.518 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 9,878 19,719 - --------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 11.136 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 11.136 $ 11.896 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 7,818 22,310 - --------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.053 $ 13.176 $ 14.280 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.176 $ 14.280 $ 14.614 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 7,178 53,108 61,320 - --------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.115 $ 12.323 $ 12.968 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.323 $ 12.968 $ 13.424 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 13,298 39,477 87,943 - --------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.118 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.118 $ 10.221 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 2,979 11,046 - --------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.823 $ 14.323 $ 16.808 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.323 $ 16.808 $ 18.924 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,710 15,213 18,532 - --------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.246 $ 13.039 $ 13.995 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.039 $ 13.995 $ 14.092 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,104 36,988 51,530 - --------------------------------------------------------------------------------------------------- 113 PROSPECTUS

Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.504 $ 12.713 $ 13.696 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.713 $ 13.696 $ 14.296 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,075 77,828 99,260 - --------------------------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.695 $ 14.755 $ 17.358 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.755 $ 17.358 $ 18.799 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,464 28,649 52,533 - --------------------------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.282 $ 12.468 $ 14.698 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.468 $ 14.698 $ 16.248 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,972 14,766 29,855 - --------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.496 $ 12.213 $ 13.072 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.213 $ 13.072 $ 13.224 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 10,834 101,918 149,231 - --------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.631 $ 12.510 $ 13.473 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.510 $ 13.473 $ 14.227 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 90 758 2,993 - --------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.266 $ 13.589 $ 14.904 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.589 $ 14.904 $ 15.482 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,429 5,716 8,351 - --------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.035 $ 11.373 $ 12.026 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.373 $ 12.026 $ 13.438 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 173 2,926 4,443 - --------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.454 $ 13.428 $ 14.652 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.428 $ 14.652 $ 14.911 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 350 14,873 27,417 - --------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.514 $ 10.507 $ 10.832 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.507 $ 10.832 $ 10.945 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,742 19,067 36,943 - --------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.502 $ 13.465 $ 15.444 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.465 $ 15.444 $ 17.105 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 135 1,836 6,571 - --------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.838 $ 13.072 $ 14.535 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.072 $ 14.535 $ 15.611 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 329 1,359 1,606 - --------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.956 $ 9.914 $ 9.851 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.914 $ 9.851 $ 9.970 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,651 34,280 45,925 - --------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.478 $ 13.580 $ 14.787 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.580 $ 14.787 $ 16.056 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 726 3,714 2,619 - --------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.840 $ 14.664 $ 16.708 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.664 $ 16.708 $ 17.465 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 2,459 5,666 - --------------------------------------------------------------------------------------------------- 114 PROSPECTUS

Putnam VT Research - Class IB Sub-Account/(2)/ - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.091 $ 13.177 $ 13.990 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.177 $ 13.990 $ 14.502 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 2,430 2,189 - --------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.490 $ 12.158 $ 12.986 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.158 $ 12.986 $ 13.332 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 752 15,384 27,840 - --------------------------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.769 $ 14.145 $ 16.978 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.145 $ 16.978 $ 18.197 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 187 1,374 1,179 - --------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.550 $ 13.646 $ 15.976 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.646 $ 15.976 $ 17.687 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 400 2,022 2,576 - --------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.661 $ 12.475 $ 12.934 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.475 $ 12.934 $ 13.494 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,962 16,384 23,818 - --------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 11.153 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 11.153 $ 12.233 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,279 4,772 - --------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 11.366 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 11.366 $ 11.681 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 25,133 62,429 - --------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.136 $ 11.811 $ 12.448 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.811 $ 12.448 $ 13.227 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,236 12,034 14,984 - --------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.891 $ 13.437 $ 15.137 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.437 $ 15.137 $ 16.394 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,729 18,865 23,632 - --------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 10.000 $ 9.925 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.925 $ 10.036 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 73,330 79,438 - --------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.736 $ 13.960 $ 15.169 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.960 $ 15.169 $ 16.791 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 107 14,258 15,431 - --------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.989 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.989 $ 11.648 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 12,926 19,278 - --------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 10.760 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 10.760 $ 12.265 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 480 3,737 - --------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 10.000 $ 11.131 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 11.131 $ 12.304 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 4,885 11,534 - --------------------------------------------------------------------------------------------------- 115 PROSPECTUS

Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - --------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.125 $ 13.621 $ 15.993 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.621 $ 15.993 $ 17.821 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 43 3,787 4,364 - --------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $ 10.000 $ 11.323 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $ 11.323 $ 12.535 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 22,127 24,381 - --------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.657 $ 14.601 $ 19.611 - --------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.601 $ 19.611 $ 22.602 - --------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 114 27,144 30,274 - --------------------------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change in the name of the Variable Sub-account that invests in that Portfolio. (2) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account Portfolios are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. If you invested in this Variable Sub-Account prior to May 1, 2006, you may continue your investment. If prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 116 PROSPECTUS

ALLSTATE ADVISOR CONTRACTS: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 2.00% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.704 $11.176 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.704 $11.176 $10.834 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.215 $14.259 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.215 $14.259 $15.755 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 9.983 $10.172 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.983 $10.172 $10.165 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.308 $12.643 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.308 $12.643 $13.483 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.215 $12.647 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.215 $12.647 $12.835 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.390 $13.014 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.390 $13.014 $14.553 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.181 $14.796 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.181 $14.796 $16.196 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 117 PROSPECTUS

Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.784 $13.341 $14.434 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.341 $14.434 $14.615 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 274 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.194 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.194 $11.126 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 240 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.509 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.509 $10.389 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.436 $14.507 $17.559 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.507 $17.559 $18.682 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.211 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.211 $10.228 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.363 $12.638 $13.923 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.638 $13.923 $15.057 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 373 - ------------------------------------------------------------------------------------------------- 118 PROSPECTUS

FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.247 $16.810 $20.505 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.810 $20.505 $25.559 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.551 $13.547 $15.705 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.547 $15.705 $16.925 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 170 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.895 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.895 $11.398 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.347 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.347 $10.253 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.880 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.880 $10.988 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.127 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.127 $11.388 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 244 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.110 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.110 $11.761 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.984 $13.045 $14.009 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.045 $14.009 $14.206 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.095 $12.248 $12.772 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.248 $12.772 $13.100 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 208 - ------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.095 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.095 $10.105 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.756 $14.181 $16.489 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.181 $16.489 $18.397 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.176 $12.909 $13.729 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.909 $13.729 $13.698 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.438 $12.586 $13.437 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.586 $13.437 $13.898 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 119 PROSPECTUS

Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.622 $14.608 $17.029 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.608 $17.029 $18.275 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 242 - ------------------------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.212 $12.344 $14.419 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.344 $14.419 $15.795 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.431 $12.091 $12.824 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.091 $12.824 $12.855 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.565 $12.385 $13.218 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.385 $13.218 $13.831 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.196 $13.454 $14.621 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.454 $14.621 $15.050 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.972 $11.260 $11.798 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.260 $11.798 $13.063 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.383 $13.294 $14.374 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.294 $14.374 $14.495 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.453 $10.403 $10.626 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.403 $10.626 $10.639 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.436 $13.331 $15.151 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.331 $15.151 $16.628 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.770 $12.942 $14.259 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.942 $14.259 $15.176 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.899 $ 9.815 $ 9.664 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.815 $ 9.664 $ 9.692 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.407 $13.445 $14.506 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.445 $14.506 $15.609 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.767 $14.518 $16.391 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.518 $16.391 $16.978 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.022 $13.046 $13.725 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.046 $13.725 $14.098 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 120 PROSPECTUS

Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.424 $12.037 $12.740 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.037 $12.740 $12.960 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.696 $14.004 $16.656 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.004 $16.656 $17.690 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.478 $13.510 $15.673 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.510 $15.673 $17.194 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.594 $12.351 $12.688 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.351 $12.688 $13.118 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.084 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.084 $12.047 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.297 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.297 $11.505 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.072 $11.693 $12.212 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.693 $12.212 $12.858 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.823 $13.304 $14.850 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.304 $14.850 $15.937 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.835 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.835 $ 9.854 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.664 $13.821 $14.881 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.821 $14.881 $16.322 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.922 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.922 $11.472 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.694 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.694 $12.080 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $11.030 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $11.030 $12.081 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 121 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 5 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 1.40% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.734 $11.277 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.734 $11.277 $10.998 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,938 13,882 15,389 - ------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.249 $14.387 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.249 $14.387 $15.993 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 638 2,322 - ------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.012 $10.263 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.012 $10.263 $10.319 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 6,566 6,729 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.341 $12.756 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.341 $12.756 $13.687 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 507 12,800 13,593 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.247 $12.761 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.247 $12.761 $13.029 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 9,125 9,157 - ------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.422 $13.131 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.422 $13.131 $14.773 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 3,708 3,658 - ------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.215 $14.929 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.215 $14.929 $16.441 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 734 6,053 7,215 - ------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 123 PROSPECTUS

Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.825 $13.425 $14.614 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.425 14.614 $14.888 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,690 18,565 27,125 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.240 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.240 $11.240 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 224 7,312 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.525 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.525 $10.468 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 388 1,445 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.479 $14.599 $17.778 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.599 $17.778 $19.031 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 557 2,528 2,821 - ------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.253 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.253 $10.333 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 321 - ------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.402 $12.718 $14.097 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.718 $14.097 $15.338 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 6,143 22,288 28,316 - ------------------------------------------------------------------------------------------------- 124 PROSPECTUS

FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.293 $16.917 $20.762 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.917 $20.762 $26.037 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 37 164 822 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.591 $13.633 $15.902 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.633 $15.902 $17.241 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,488 6,270 10,083 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.912 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.912 $11.485 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.363 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.363 $10.332 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.896 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.896 $11.072 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,404 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.144 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.144 $11.475 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 348 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.127 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.127 $11.851 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 471 733 - ------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.026 $13.128 $14.184 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.128 $14.184 $14.472 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 130 1,256 1,271 - ------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.109 $12.298 $12.903 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.298 $12.903 $13.316 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 154 1,320 7,204 - ------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.110 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.110 $10.182 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.797 $14.270 $16.695 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.270 $16.695 $18.740 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,014 4,200 3,992 - ------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.219 $12.991 $13.901 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.991 $13.901 $13.955 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 91 8,566 8,879 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.478 $12.666 $13.604 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.666 $13.604 $14.157 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,343 16,760 15,793 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.666 $14.701 $17.242 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.701 $17.242 $18.617 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,342 4,241 4,382 - ------------------------------------------------------------------------------------------------- 125 PROSPECTUS

Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.254 $12.422 $14.600 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.422 $14.600 $16.090 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 146 525 321 - ------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.470 $12.168 $12.984 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.168 $12.984 $13.095 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,645 16,170 24,924 - ------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.605 $12.464 $13.383 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.464 $13.383 $14.089 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.239 $13.539 $14.804 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.539 $14.804 $15.331 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 2,410 2,503 - ------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.010 $11.331 $11.945 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.331 $11.945 $13.308 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 284 4,700 4,406 - ------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.426 $13.378 $14.554 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.378 $14.554 $14.766 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 63 2,312 4,720 - ------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.490 $10.469 $10.759 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.469 $10.759 $10.838 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,134 1,226 - ------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.475 $13.416 $15.341 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.416 $15.341 $16.939 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 550 1,530 - ------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.811 $13.024 $14.437 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.024 $14.437 $15.460 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,390 2,334 2,339 - ------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.934 $ 9.878 $ 9.785 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.878 $ 9.785 $ 9.873 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 9,403 10,956 - ------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.450 $13.530 $14.687 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.530 $14.687 $15.900 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 460 2,148 2,096 - ------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.811 $14.610 $16.596 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.610 $16.596 $17.296 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 728 - ------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.064 $13.126 $13.896 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.128 $13.896 $14.361 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 6,467 6,545 - ------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.464 $12.113 $12.899 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.113 $12.899 $13.202 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,559 2,503 3,277 - ------------------------------------------------------------------------------------------------- 126 PROSPECTUS

Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.740 $14.093 $16.864 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.093 $16.864 $18.020 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 189 4,857 4,744 - ------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.521 $13.596 $15.869 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.596 $15.869 $17.515 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 710 1,167 997 - ------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.635 $12.429 $12.847 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.429 $12.847 $13.363 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,969 3,768 3,742 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.130 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.130 $12.171 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.343 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.343 $11.622 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.111 $11.767 $12.365 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.767 $12.365 $13.098 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,047 1,045 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.864 $13.388 $15.035 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.388 $15.035 $16.235 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 615 615 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.895 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.895 $ 9.975 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 12,369 13,259 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.708 $13.908 $15.067 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.908 $15.067 $16.627 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 2,517 3,722 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.967 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.967 $11.589 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,674 1,657 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.738 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.738 $12.203 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $11.098 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $11.098 $12.230 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 285 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.118 $13.593 $15.912 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.593 $15.912 $17.677 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 604 604 - ------------------------------------------------------------------------------------------------- 127 PROSPECTUS

Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.300 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.300 $12.472 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,625 1,539 - ------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.628 $14.547 $19.479 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.547 $19.479 $22.382 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 617 7,305 7,506 - ------------------------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change in the name of the Variable Sub-account that invests in that Portfolio. (2) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account Portfolios are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. If you invested in this Variable Sub-Account prior to May 1, 2006, you may continue your investment. If prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 128 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 5 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 2.30% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.689 $11.126 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.689 $11.126 $10.753 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.197 $14.195 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.197 $14.195 $15.636 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 9.969 $10.126 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.969 $10.126 $10.089 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.292 $12.586 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.292 $12.586 $13.382 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.199 $12.590 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.199 $12.590 $12.738 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.374 $12.956 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.374 $12.956 $14.443 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.164 $14.730 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.164 $14.730 $16.074 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 129 PROSPECTUS

Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.757 $13.292 $14.336 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.292 $14.336 $14.472 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.171 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.171 $11.069 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.501 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.501 $10.349 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.408 $14.453 $17.440 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.453 $17.440 $18.498 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.190 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.190 $10.176 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 130 PROSPECTUS

FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.337 $12.591 $13.829 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.591 $13.829 $14.909 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.217 $16.748 $20.367 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.748 $20.367 $25.309 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.525 $13.497 $15.599 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.497 $15.599 $16.759 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.887 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.887 $11.355 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.339 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.339 $10.214 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.871 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.871 $10.946 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.119 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.119 $11.344 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.102 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.102 $11.716 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.957 $12.997 $13.914 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.997 $13.914 $14.067 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.088 $12.222 $12.707 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.222 $12.707 $12.994 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.087 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.087 $10.066 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.729 $14.128 $16.377 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.128 $16.377 $18.216 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.149 $12.861 $13.636 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.861 $13.636 $13.564 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.412 $12.540 $13.346 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.540 $13.346 $13.761 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 131 PROSPECTUS

Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.594 $14.554 $16.914 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.554 $16.914 $18.096 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.184 $12.298 $14.322 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.298 $14.322 $15.640 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.404 $12.046 $12.737 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.046 $12.737 $12.729 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.538 $12.339 $13.128 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.339 $13.128 $13.695 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.168 $13.404 $14.522 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.404 $14.522 $14.902 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.947 $11.218 $11.718 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.218 $11.718 $12.935 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.355 $13.245 $14.277 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.245 $14.277 $14.353 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.429 $10.364 $10.554 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.364 $10.554 $10.535 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.410 $13.282 $15.049 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.282 $15.049 $16.465 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.743 $12.894 $14.163 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.894 $14.163 $15.027 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.877 $ 9.779 $ 9.598 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.779 $ 9.598 $ 9.597 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.378 $13.395 $14.408 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.395 $14.408 $15.456 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.738 $14.464 $16.280 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.464 $16.280 $16.812 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.995 $12.997 $13.632 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.997 $13.632 $13.960 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 132 PROSPECTUS

Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.398 $11.992 $12.654 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.992 $12.654 $12.833 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.667 $13.952 $16.543 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.952 $16.543 $17.516 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.449 $13.460 $15.567 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.460 $15.567 $17.025 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.568 $12.305 $12.603 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.305 $12.603 $12.989 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.062 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.062 $11.986 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.274 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.274 $11.446 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.047 $11.650 $12.129 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.650 $12.129 $12.732 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.796 $13.254 $14.749 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.254 $14.749 $15.781 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.805 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.805 $ 9.793 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.635 $13.770 $14.780 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.770 $14.780 $16.162 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.900 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.900 $11.413 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.672 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.672 $12.018 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $10.996 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $10.996 $12.007 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 133 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 3 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 1.50% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - -------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - -------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.729 $ 11.260 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.729 $11.260 $ 10.971 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 345 1,188 - -------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.244 $ 14.365 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.244 $14.365 $ 15.953 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 4,051 - -------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.007 $ 10.248 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.007 $10.248 $ 10.294 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,826 28,443 34,545 - -------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.335 $ 12.737 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.335 $12.737 $ 13.653 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 9,787 13,594 - -------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.241 $ 12.742 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.241 $12.742 $ 12.997 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 7,210 17,105 - -------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.417 $ 13.111 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.417 $13.111 $ 14.736 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,002 2,436 6,398 - -------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.210 $ 14.907 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.210 $14.907 $ 16.400 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 5,082 13,157 - -------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- 135 PROSPECTUS

Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.816 $13.409 $ 14.582 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.409 $14.582 $ 14.840 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,844 50,264 85,228 - -------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 11.233 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.233 $ 11.221 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 8,142 395,841 - -------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.523 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.523 $ 10.455 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 268 38,415 - -------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.470 $14.581 $ 17.739 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.581 $17.739 $ 18.969 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 175 6,512 26,368 - -------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.246 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.246 $ 10.315 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 10,347 73,104 - -------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.394 $12.703 $ 14.065 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.703 $14.065 $ 15.288 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 10,654 69,739 192,547 - -------------------------------------------------------------------------------------------------- 136 PROSPECTUS

FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.283 $16.896 $ 20.715 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.896 $20.715 $ 25.952 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,296 21,489 - -------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.583 $13.616 $ 15.866 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.616 $15.866 $ 17.185 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,050 19,680 150,154 - -------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.909 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.909 $ 11.471 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 84 20,539 - -------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.360 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.360 $ 10.319 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 16,046 - -------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.893 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.893 $ 11.057 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,191 119,764 - -------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 11.141 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.141 $ 11.460 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 84 16,168 - -------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 11.124 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.124 $ 11.836 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 42 30,129 - -------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.017 $13.112 $ 14.152 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.112 $14.152 $ 14.425 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 358 16,508 36,489 - -------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.106 $12.289 $ 12.881 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.289 $12.881 $ 13.280 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,612 17,974 131,952 - -------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.108 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.108 $ 10.169 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 3,605 37,622 - -------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.788 $14.253 $ 16.657 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.253 $16.657 $ 18.679 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 100 6,058 26,321 - -------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.209 $12.975 $ 13.869 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.975 $13.869 $ 13.909 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 4,529 53,683 98,072 - -------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.469 $12.650 $ 13.574 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.650 $13.574 $ 14.111 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 9,551 80,356 161,258 - -------------------------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.657 $14.682 $ 17.203 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.682 $17.203 $ 18.556 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 3,631 13,562 37,572 - -------------------------------------------------------------------------------------------------- 137 PROSPECTUS

Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.245 $12.406 $ 14.567 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.406 $14.567 $ 16.038 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 2,522 19,771 - -------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.462 $12.153 $ 12.955 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.153 $12.955 $ 13.052 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 395 47,218 143,674 - -------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.596 $12.448 $ 13.353 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.448 $13.353 $ 14.043 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 206 1,622 8,617 - -------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.229 $13.522 $ 14.771 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.522 $14.771 $ 15.281 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 132 2,313 2,961 - -------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.002 $11.317 $ 11.919 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.317 $11.919 $ 13.264 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - -------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.417 $13.362 $ 14.521 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.362 $14.521 $ 14.718 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 118 4,251 8,448 - -------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.482 $10.456 $ 10.735 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.456 $10.735 $ 10.803 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 10,116 40,741 - -------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.467 $13.399 $ 15.306 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.399 $15.306 $ 16.884 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 273 837 11,396 - -------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.802 $13.008 $ 14.405 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.008 $14.405 $ 15.409 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - -------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.926 $ 9.865 $ 9.763 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.865 $ 9.763 $ 9.841 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 14,631 49,201 - -------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.440 $13.513 $ 14.654 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.513 $14.654 $ 15.849 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 246 236 - -------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.801 $14.592 $ 16.559 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.592 $16.559 $ 17.239 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,381 9,422 - -------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.055 $13.112 $ 13.865 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.112 $13.865 $ 14.315 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 3,194 3,193 - -------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.455 $12.098 $ 12.870 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.098 $12.870 $ 13.159 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 832 3,226 3,937 - -------------------------------------------------------------------------------------------------- 138 PROSPECTUS

Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.730 $14.075 $ 16.826 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.075 $16.826 $ 17.961 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 914 666 - -------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.512 $13.579 $ 15.833 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.579 $15.833 $ 17.458 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 126 436 64 - -------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.626 $12.414 $ 12.818 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.414 $12.818 $ 13.320 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 138 1,441 12,528 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 11.122 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.122 $ 12.150 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 11.336 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.336 $ 11.603 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 5,119 93,900 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.102 $11.753 $ 12.337 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.753 $12.337 $ 13.056 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 109 2,529 13,681 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.855 $13.371 $ 15.002 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.371 $15.002 $ 16.182 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 6,865 15,034 - -------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.885 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.885 $ 9.955 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 93,600 119,309 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.698 $13.891 $ 15.033 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.891 $15.033 $ 16.573 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 257 16,793 30,734 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.959 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.959 $ 11.570 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 1,625 26,263 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 10.731 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.731 $ 12.183 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 3,013 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 11.086 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $11.086 $ 12.205 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,593 31,755 - -------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - -------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.115 $13.584 $ 15.885 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.584 $15.885 $ 17.630 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 1,988 2,136 - -------------------------------------------------------------------------------------------------- 139 PROSPECTUS

Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $ 11.292 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.292 $ 12.451 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 5,920 26,435 - -------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.618 $14.529 $ 19.436 - -------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.529 $19.436 $ 22.309 - -------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 244 29,798 50,779 - -------------------------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change in the name of the Variable Sub-account that invests in that Portfolio. (2) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account Portfolios are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. If you invested in this Variable Sub-Account prior to May 1, 2006, you may continue your investment. If prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 140 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH 3 YEAR WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 2.40% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.684 $11.110 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.684 $11.110 $10.726 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.192 $14.173 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.192 $14.173 $15.597 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 9.965 $10.111 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.965 $10.111 $10.063 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.287 $12.567 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.287 $12.567 $13.348 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.194 $12.572 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.194 $12.572 $12.706 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.368 $12.936 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.368 $12.936 $14.407 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.158 $14.708 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.158 $14.708 $16.033 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 141 PROSPECTUS

Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.748 $13.275 $14.304 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.275 $14.304 $14.424 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.164 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.164 $11.050 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.499 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.499 $10.336 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.398 $14.435 $17.401 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.435 $17.401 $18.438 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.183 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.183 $10.158 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 142 PROSPECTUS

FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.328 $12.576 $13.797 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.576 $13.797 $14.860 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.207 $16.727 $20.321 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.727 $20.321 $25.226 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.516 $13.480 $15.564 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.480 $15.564 $16.704 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.884 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.884 $11.340 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.336 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.336 $10.201 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.868 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.868 $10.932 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.116 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.116 $11.330 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.099 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.099 $11.701 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.948 $12.981 $13.883 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.981 $13.883 $14.021 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.086 $12.214 $12.685 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.214 $12.685 $12.958 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.084 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.084 $10.053 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.720 $14.111 $16.340 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.111 $16.340 $18.156 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.139 $12.845 $13.605 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.845 $13.605 $13.520 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.403 $12.524 $13.315 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.524 $13.315 $13.716 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 143 PROSPECTUS

Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.584 $14.536 $16.875 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.536 $16.875 $18.037 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.175 $12.283 $14.289 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.283 $14.289 $15.589 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.396 $12.031 $12.708 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.031 $12.708 $12.687 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.529 $12.324 $13.098 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.324 $13.098 $13.650 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.159 $13.387 $14.490 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.387 $14.490 $14.853 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.939 $11.204 $11.691 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.204 $11.691 $12.893 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.345 $13.228 $14.244 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.228 $14.244 $14.306 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.421 $10.351 $10.530 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.351 $10.530 $10.500 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.401 $13.265 $15.015 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.265 $15.015 $16.411 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.734 $12.878 $14.131 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.878 $14.131 $14.978 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.869 $ 9.767 $ 9.576 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.767 $ 9.576 $ 9.565 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.369 $13.378 $14.375 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.378 $14.375 $15.405 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.728 $14.446 $16.244 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.446 $16.244 $16.757 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.985 $12.981 $13.601 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.981 $13.601 $13.914 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 144 PROSPECTUS

Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.389 $11.978 $12.625 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.978 $12.625 $12.791 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.657 $13.935 $16.506 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.935 $16.506 $17.459 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.440 $13.443 $15.532 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.443 $15.532 $16.969 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.559 $12.290 $12.574 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.290 $12.574 $12.947 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.054 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.054 $11.965 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.266 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.266 $11.426 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.038 $11.635 $12.102 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.635 $12.102 $12.690 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.787 $13.238 $14.716 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.238 $14.716 $15.729 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.794 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.794 $ 9.773 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.625 $13.752 $14.746 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.752 $14.746 $16.109 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.892 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.892 $11.394 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.665 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.665 $11.998 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $10.985 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $10.985 $11.983 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 145 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH NO WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (BASIC CONTRACT) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 1.60% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.724 $11.243 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.724 $11.243 $10.944 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.238 $14.344 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.238 $14.344 $15.914 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.002 $10.233 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.002 $10.233 $10.268 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 635 635 634 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.330 $12.718 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.330 $12.718 $13.619 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.236 $12.723 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.236 $12.723 $12.964 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 136 134 138 - ------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.411 $13.092 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.411 $13.092 $14.699 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.204 $14.885 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.204 $14.885 $16.359 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 197 - ------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 147 PROSPECTUS

Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.807 $13.392 $14.549 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.392 $14.549 $14.791 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,531 2,399 2,190 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.225 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.225 $11.202 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 225 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.520 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.520 $10.442 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.460 $14.563 $17.699 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.563 $17.699 $18.907 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 569 535 506 - ------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.239 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.239 $10.298 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 147 - ------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.385 $12.687 $14.034 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.687 $14.034 $15.238 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 2,239 2,274 2,440 - ------------------------------------------------------------------------------------------------- 148 PROSPECTUS

FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.273 $16.875 $20.668 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.875 $20.668 $25.867 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 8,772 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.574 $13.599 $15.830 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.599 $15.830 $17.129 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 298 399 759 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.906 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.906 $11.456 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 536 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.357 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.357 $10.305 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.891 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.891 $11.043 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 676 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.139 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.139 $11.446 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.122 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.122 $11.821 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.008 $13.095 $14.121 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.095 $14.121 $14.378 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 424 516 346 - ------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.104 $12.281 $12.859 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.281 $12.859 $13.244 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 1,350 - ------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.105 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.105 $10.156 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 1,035 - ------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.779 $14.235 $16.620 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.235 $16.620 $18.618 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 109 103 97 - ------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.200 $12.959 $13.838 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.959 $13.838 $13.864 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 412 333 270 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.460 $12.635 $13.543 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.635 $13.543 $14.065 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,009 1,089 2,327 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.647 $14.664 $17.164 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.664 $17.164 $18.496 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 252 232 339 - ------------------------------------------------------------------------------------------------- 149 PROSPECTUS

Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.236 $12.391 $14.534 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.391 $14.534 $15.986 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.453 $12.138 $12.926 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.138 $12.926 $13.010 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 731 920 931 - ------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.587 $12.433 $13.323 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.433 $13.323 $13.997 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.220 $13.506 $14.738 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.506 $14.738 $15.231 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 1,510 1,415 1,326 - ------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.993 $11.303 $11.892 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.303 $11.892 $13.221 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.407 $13.345 $14.488 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.345 $14.488 $14.670 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 613 - ------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.474 $10.443 $10.711 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.443 $10.711 $10.768 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 292 304 591 - ------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.458 $13.383 $15.272 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.383 $15.272 $16.829 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.793 $12.992 $14.373 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.992 $14.373 $15.359 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.919 $ 9.853 $ 9.741 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.853 $ 9.741 $ 9.809 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.431 $13.497 $14.621 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.497 $14.621 $15.797 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.792 $14.574 $16.522 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.574 $16.522 $17.183 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.046 $13.096 $13.834 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.096 $13.834 $14.268 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.446 $12.084 $12.841 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.084 $12.841 $13.117 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 150 PROSPECTUS

Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.720 $14.058 $16.789 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.058 $16.789 $17.903 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.502 $13.562 $15.798 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.562 $15.798 $17.401 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 855 800 750 - ------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.617 $12.398 $12.789 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.398 $12.789 $13.276 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 255 260 248 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.115 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.115 $12.129 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.328 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.328 $11.583 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.094 $11.738 $12.309 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.738 $12.309 $13.013 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.846 $13.355 $14.968 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.355 $14.968 $16.129 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.875 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.875 $ 9.934 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.688 $13.874 $14.999 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.874 $14.999 $16.519 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.952 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.952 $11.550 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.723 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.723 $12.162 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $11.075 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $11.075 $12.180 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Van Kampen UIF Small Company Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.113 $13.575 $15.858 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.575 $15.858 $17.582 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 292 274 258 - ------------------------------------------------------------------------------------------------- 151 PROSPECTUS

Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.284 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.284 $12.429 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF U.S. Real Estate, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.609 $14.511 $19.392 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.511 $19.392 $22.236 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 152 85 304 - ------------------------------------------------------------------------------------------------- (1) Effective May 1, 2006, the Oppenheimer Aggressive Growth Fund/VA - Service Shares changed its name to the Oppenheimer MidCap Fund/VA - Service Shares. We have made a corresponding change in the name of the Variable Sub-account that invests in that Portfolio. (2) Effective October 1, 2004, the Putnam VT Health Sciences - Class IB Sub-Account, Putnam VT New Opportunities - Class IB Sub-Account, Putnam VT Research - Class IB Sub-Account and the Putnam VT Utilities Growth and Income - Class IB Sub-Account Portfolios are no longer available for new investments. If you are currently invested in these Variable Sub-Accounts, you may continue your investment. If, prior to October 1, 2004, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing, or dollar cost averaging, we will continue to effect automatic transactions into these Variable Sub-Accounts in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (3) Effective May 1, 2006, the Van Kampen LIT Aggressive Growth, Class II Sub-Account closed to new investments. If you invested in this Variable Sub-Account prior to May 1, 2006, you may continue your investment. If prior to May 1, 2006, you enrolled in one of our automatic transaction programs, such as automatic additions, portfolio rebalancing or dollar cost averaging, we will continue to effect automatic transactions to this Variable Sub-Account in accordance with that program. Outside of these automatic transaction programs, additional allocations will not be allowed. (4) Morgan Stanley Investment Management Inc., the adviser to the UIF Portfolios, does business in certain instances using the name Van Kampen. 152 PROSPECTUS

ALLSTATE ADVISOR PREFERRED CONTRACTS WITH NO WITHDRAWAL CHARGE OPTION: ACCUMULATION UNIT VALUE AND NUMBER OF ACCUMULATION UNITS OUTSTANDING FOR EACH VARIABLE SUB-ACCOUNT SINCE CONTRACTS WERE FIRST OFFERED* (WITH THE MAV DEATH BENEFIT OPTION, THE ENHANCED BENEFICIARY PROTECTION (ANNUAL INCREASE) OPTION AND THE EARNINGS PROTECTION DEATH BENEFIT OPTION (AGE 71-79)) - -------------------------------------------------------------------------------- *The Contracts and all of the Variable Sub-Accounts were first offered under the Contracts on July 15, 2003, except for the following Variable Sub-Accounts: Van Kampen LIT Money Market, Class II Sub-Account and Van Kampen UIF Global Franchise, Class II Sub-Account which were first offered under the Contracts on December 31, 2003; FTVIP Franklin Income Securities - Class 2 Sub-Account, FTVIP Franklin U.S. Government - Class 2 Sub-Account, Van Kampen LIT Aggressive Growth, Class II Sub-Account, Van Kampen LIT Comstock, Class II Sub-Account, Van Kampen UIF Equity and Income, Class II Sub-Account, Van Kampen UIF Equity Growth, Class II Sub-Account and Van Kampen UIF U.S. Mid Cap Value, Class II Sub-Account which were first offered under the Contracts on May 1, 2004; FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account, Lord Abbett Series - All Value Sub-Account, Lord Abbett Series - Bond-Debenture Sub-Account, Lord Abbett Series - Growth and Income Sub-Account, Lord Abbett Series - Growth Opportunities Sub-Account, Lord Abbett Series - Mid-Cap Value Sub-Account and Oppenheimer Core Bond/VA - Service Shares Sub-Account (formerly Oppenheimer Bond/VA) which were first offered under the Contracts on October 1, 2004, and the Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account, Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account, Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account , Fidelity VIP Freedom Income - Service Class 2 Sub-Account, Fidelity VIP Growth Stock - Service Class 2 Sub-Account, Fidelity VIP Index 500 - Service Class 2 Sub-Account, Fidelity VIP Mid Cap - Service Class 2 Sub-Account, FTVIP Mutual Discovery Securities - Class 2 Sub-Account, and Van Kampen UIF Mid Cap Growth, Class II Sub-Account which were first offered under the Contracts on May 1, 2006. Accumulation Unit Values for the Variable Sub-Accounts first offered under the Contracts on May 1, 2006, are not shown. The Accumulation Unit Values in this table reflect a Mortality and Expense Risk Charge of 2.50% and Administrative Expense Charge of 0.19%. For the Years Beginning January 1* and Ending December 31, 2003 2004 2005 - ------------------------------------------------------------------------------------------------- SUB-ACCOUNTS - ------------------------------------------------------------------------------------------------- STI Classic Capital Appreciation Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.679 $11.093 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.679 $11.093 $10.699 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic International Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.186 $14.152 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.186 $14.152 $15.557 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Investment Grade Bond Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $ 9.960 $10.096 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.960 $10.096 $10.038 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Relative Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.282 $12.548 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.282 $12.548 $13.314 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Large Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.188 $12.553 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.188 $12.553 $12.674 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Mid-Cap Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $11.363 $12.917 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.363 $12.917 $14.370 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- STI Classic Small Cap Value Equity Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $12.152 $14.686 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.152 $14.686 $15.993 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 153 PROSPECTUS

Fidelity VIP Contrafund(R) - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2010 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2020 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom 2030 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Freedom Income - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Growth Stock - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Index 500 - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Fidelity VIP Mid Cap - Service Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- FTVIP Franklin Growth and Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.739 $13.259 $14.271 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.259 $14.271 $14.377 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Income Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.156 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.156 $11.031 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Large Cap Growth Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.496 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.496 $10.323 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin Small Cap Value Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.389 $14.417 $17.361 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.417 $17.361 $18.377 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Franklin U.S. Government - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.176 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.176 $10.141 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Mutual Discovery Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 154 PROSPECTUS

FTVIP Mutual Shares Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.319 $12.560 $13.766 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.560 $13.766 $14.811 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Developing Markets Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $13.197 $16.706 $20.275 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $16.706 $20.275 $25.143 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- FTVIP Templeton Foreign Securities - Class 2 Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.507 $13.463 $15.528 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.463 $15.528 $16.649 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - All Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.881 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.881 $11.326 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Bond-Debenture Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.334 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.334 $10.188 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth and Income Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.866 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.866 $10.918 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Growth Opportunities Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.113 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.113 $11.315 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Lord Abbett Series - Mid-Cap Value Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.096 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.096 $11.686 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Balanced/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.939 $12.964 $13.851 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.964 $13.851 $13.975 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Capital Appreciation/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.083 $12.206 $12.663 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.206 $12.663 $12.923 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Core Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.082 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.082 $10.040 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Global Securities/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.711 $14.093 $16.303 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.093 $16.303 $18.097 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer High Income/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.130 $12.829 $13.574 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.829 $13.574 $13.475 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Main Street(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.395 $12.508 $13.285 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.508 $13.285 $13.671 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 155 PROSPECTUS

Oppenheimer Main Street Small Cap(R)/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.574 $14.518 $16.837 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.518 $16.837 $17.977 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer MidCap/VA - Service Shares Sub-Account/(1)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.165 $12.267 $14.257 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.267 $14.257 $15.538 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Oppenheimer Strategic Bond/VA - Service Shares Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.387 $12.016 $12.679 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.016 $12.679 $12.645 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Global Asset Allocation - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.521 $12.309 $13.069 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.309 $13.069 $13.605 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Growth and Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.150 $13.370 $14.457 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.370 $14.457 $14.804 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Health Sciences - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.930 $11.190 $11.665 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.190 $11.665 $12.850 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT High Yield - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.336 $13.212 $14.212 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.212 $14.212 $14.259 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Income - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.413 $10.338 $10.506 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.338 $10.506 $10.466 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT International Equity - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.392 $13.249 $14.981 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.249 $14.981 $16.357 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Investors - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.725 $12.862 $14.098 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.862 $14.098 $14.929 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Money Market - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $ 9.862 $ 9.755 $ 9.555 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $ 9.755 $ 9.555 $ 9.534 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Opportunities - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.359 $13.362 $14.343 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.362 $14.343 $15.354 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT New Value - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.718 $14.429 $16.207 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $14.429 $16.207 $16.701 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Research - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.976 $12.965 $13.570 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.965 $13.570 $13.868 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- 156 PROSPECTUS

Putnam VT The George Putnam Fund of Boston - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.381 $11.963 $12.596 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.963 $12.596 $12.749 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Utilities Growth and Income - Class IB Sub-Account/(2)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.647 $13.918 $16.469 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.918 $16.469 $17.401 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Vista - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.430 $13.427 $15.497 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.427 $15.497 $16.913 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Putnam VT Voyager - Class IB Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.550 $12.274 $12.545 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $12.274 $12.545 $12.904 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Aggressive Growth, Class II Sub-Account/(3)/ - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.047 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.047 $11.945 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Comstock, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $11.258 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $11.258 $11.407 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Emerging Growth, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.030 $11.621 $12.075 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $11.621 $12.075 $12.648 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Growth and Income, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $11.778 $13.221 $14.683 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.221 $14.683 $15.677 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen LIT Money Market, Class II Sub-Account - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $ 9.784 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $ 9.784 $ 9.753 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Emerging Markets Debt, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $12.615 $13.735 $14.713 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $13.735 $14.713 $16.056 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity and Income, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.885 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.885 $11.374 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Equity Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- $10.000 $10.657 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- $10.657 $11.977 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Global Franchise, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period $10.000 $10.000 $10.974 - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period $10.000 $10.974 $11.958 - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period 0 0 0 - ------------------------------------------------------------------------------------------------- Van Kampen UIF Mid Cap Growth, Class II Sub-Account (4) - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, Beginning of Period -- -- -- - ------------------------------------------------------------------------------------------------- Accumulation Unit Value, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- Number of Units Outstanding, End of Period -- -- -- - ------------------------------------------------------------------------------------------------- 157 PROSPECTUS

PART II INFORMATION NOT REQUIRED IN THE PROSPECTUS ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION Registrant anticipates that it will incur the following approximate expenses in connection with the issuance and distribution of the securities to be registered: Registration fees...................$23,000 (previously registered) Cost of printing and engraving......$343,000 Legal fees..........................$40,000 Accounting fees.....................$10,000 Mailing fees........................$27,900 ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS. The By-laws of Allstate Life Insurance Company ("Registrant") provide that Registrant will indemnify all of its directors, former directors, officers and former officers, to the fullest extent permitted under law, who were or are a party or are threatened to be made a party to any proceeding by reason of the fact that such persons were or are directors or officers of Registrant, against liabilities, expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by them. The indemnity shall not be deemed exclusive of any other rights to which directors or officers may be entitled by law or under any articles of incorporation, bylaw, agreement, vote of stockholders or disinterested directors or otherwise. In addition, the indemnity shall inure to the benefit of the legal representatives of directors and officers or of their estates, whether such representatives are court appointed or otherwise designated, and to the benefit of the heirs of such directors and officers. The indemnity shall extend to and include claims for such payments arising out of any proceeding commenced or based on actions of such directors and officers taken prior to the effectiveness of this indemnity; provided that payment of such claims had not been agreed to or denied by Registrant before such date. The directors and officers of Registrant have been provided liability insurance for certain losses arising from claims or charges made against them while acting in their capacities as directors or officers of Registrant. ITEM 16. EXHIBITS. Exhibit No. Description (1)(a) Underwriting Agreement between Allstate Life Insurance Company and Allstate Distributors, L.L.C. (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-31288) dated April 27, 2000.) (1)(b) Form of General Agency Agreement between Northbrook Life Insurance Company and Dean Witter Reynolds Inc. (Northbrook Life Insurance Company was merged into Allstate Life Insurance Company effective January 1, 2003) (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Form N-4 Registration Statement of Northbrook Variable Annuity Account II (File No. 033-35412) dated December 31, 1996.) (1)(c) Underwriting Agreement among Northbrook Life Insurance Company, Northbrook Variable Annuity Account II and Dean Witter Reynolds Inc. (Northbrook Life Insurance Company was merged into Allstate Life Insurance Company effective January 1, 2003) (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Form N-4 Registration Statement of Northbrook Variable Annuity Account II (File No. 033-35412) dated December 31, 1996.) (2) None (4) (a) Form of Allstate Advisor Variable Annuity Contract ("Allstate Advisor" or "Morgan Stanley Variable Annuity") (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(b) Form of Allstate Advisor Plus Variable Annuity Contract ("Allstate Advisor Plus") (Incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-96115) dated June 10, 2002.) (4)(c) Form of Allstate Advisor Preferred Variable Annuity Contract ("Allstate Advisor Preferred" or "Morgan Stanley Variable Annuity - L Share") (Incorporated herein by reference to Post-Effective Amendment No. 7 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-31288) dated June 10, 2002.) (4)(d) Form of Enhanced Beneficiary Protection Rider A--Annual Increase (Allstate Advisor, Morgan Stanley Variable Annuity, Allstate Advisor Preferred and Morgan Stanley Variable Annuity - L Share) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(e) Form of Enhanced Beneficiary Protection Rider A--Annual Increase (Allstate Advisor Plus) (Incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-96115) dated June 10, 2002.) (4)(f) Form of Enhanced Beneficiary Protection Rider B--Maximum Anniversary Value (Allstate Advisor, Morgan Stanley Variable Annuity, Allstate Advisor Preferred and Morgan Stanley Variable Annuity - L Share) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(g) Form of Enhanced Beneficiary Protection Rider B--Maximum Anniversary Value (Allstate Advisor Plus) (Incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-96115) dated June 10, 2002.) (4)(h) Form of Earnings Protection Death Benefit Rider (all Contracts) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(i) Form of Retirement Income Guarantee Rider 1 (Allstate Advisor, Morgan Stanley Variable Annuity, Allstate Advisor Preferred and Morgan Stanley Variable Annuity - L Share) (Incorporated herein by reference to Post-Effective Amendment No. 11 to Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(j) Form of Retirement Income Guarantee Rider 1 (Allstate Advisor Plus) (Incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-96115) dated June 10, 2002.) (4)(k) Form of Retirement Income Guarantee Rider 2 (Allstate Advisor, Morgan Stanley Variable Annuity, Allstate Advisor Preferred and Morgan Stanley Variable Annuity - L Share) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(l) Form of Retirement Income Guarantee Rider 2 (Allstate Advisor Plus) (Incorporated herein by reference to Post-Effective Amendment No. 8 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-96115) dated June 10, 2002.) (4)(m) Form of Income Protection Benefit Rider (all Contracts) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(n) Form of Spousal Protection Benefit Rider (all Contracts) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(o) Form of Amendatory Endorsement for Charitable Remainder Trust (all Contracts) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(p) Form of Amendatory Endorsement for Grantor Trust (all Contracts) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(q) Form of Amendatory Endorsement for Waiver of Charges (all Contracts) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(r) Form of Amendatory Endorsement for Employees (Allstate Advisor) (Incorporated herein by reference to Post-Effective Amendment No. 11 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated June 10, 2002.) (4)(s) Form of Withdrawal Charge Option Rider 1 (Incorporated herein by reference to the initial filing of Allstate Financial Advisors Separate Account I Form N-4 Registration Statement(File No. 333-102934) dated February 3 ,2003.) (4)(t) Form of Withdrawal Charge Option Rider 2 (Incorporated herein by reference to the initial filing of Allstate Financial Advisors Separate Account I Form N-4 Registration Statement(File No. 333-102934) dated February 3 ,2003.) (4)(u) Form of Retirement Income Guarantee Rider 2 (Plus) (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement (File No. 333-102934) dated February 3, 2003.) (4)(v) Form of Income Protection Benefit Rider (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement (File No. 333-102934) dated February 3, 2003.) (4)(w) Form of Spousal Protection Benefit Rider (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement (File No. 333-102934) dated February 3, 2003.) (4)(x) Form of Amendatory Endorsement for Charitable Remainder Trust (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement (File No. 333-102934) dated February 3, 2003.) (4)(y) Form of Amendatory Endorsement for Grantor Trust (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement (File No. 333-102934)dated February 3, 2003.) (4)(z) Form of Amendatory Endorsement for Waiver of Charges (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement(File No. 333-102934) dated February 3, 2003.) (4)(aa) Form of Amendatory Endorsement for Employees (Incorporated herein by reference to the Initial Filing of Form N-4 Registration Statement (File No. 333-102934)dated February 3, 2003.) (4)(ab) Form of TrueReturn Accumulation Benefit Rider (Incorporated herein by reference to Post-Effective Amendment No. 16 to the Form N-4 Registration Statement of Allstate Life Insurance Company Separate Account A (File No. 333-72017) dated August 19,2003.) (4)(ac) Form of TrueReturn Accumulation Benefit Rider (for all Contracts)( Incorporated herein by reference to Post-Effective Amendment No. 2 of Form N-4 Registration Statement (File No. 333-102934) dated December 19, 2003.) (4)(ad) Form of SureIncome Benefit Rider (Incorporated herein by reference to Post-Effective Amendment No.5 of Form N-4 Registration Statement (File No. 333-102934) dated December 29, 2004.) (4)(ae) Form of Spousal Protection Benefit Rider (Incorporated herein by reference to Post-Effective Amendment No. 5 of Form N-4 Registration Statement (File No. 333-102934) dated December 29, 2004.) (4)(af) Form of Custodial Spousal Protection Benefit Rider (Incorporated herein by reference to Post-Effective Amendment No. 5 of Form N-4 Registration Statement (File No. 333-102934) dated December 29, 2004.) (4)(ag) Form of SureIncome Plus Withdrawal Benefit Rider filed herewith. (4)(ah) Form of SureIncome for Life Withdrawal Benefit Rider filed herewith. (5)(a) Opinion and Consent of General Counsel re: Legality (Previously filed in the initial Form S-3 Registration Statement (File No. 333-100068) dated September 25, 2003.) (5)(b) Opinion and Consent of General Counsel re: Legality (Previously filed in Post-Effective Amendment No.1 to this Form S-3 Registration Statement of Allstate Life Insurance Company (File No. 333-100068) dated April 18, 2003.) (5)(c) Opinion and Consent of General Counsel re: Legality (Previously filed in Post-Effective Amendment No. 2 to this Form S-3 Registration Statement (File No. 333-100068) dated April 14, 2004.) (5)(d) Opinion and Consent of General Counsel re: Legality (Previously filed in Post-Effective Amendment No. 3 to this Form S-3 Registration Statement (File No. 333-100068) dated April 25, 2005.) (5)(e) Opinion and Consent of General Counsel re: Legality filed herewith. (8) None (11) None (12) None (15) None (23)(a) Consent of Independent Registered Public Accounting Firm filed herewith. (23)(b) Consent of LeBoeuf, Lamb, Greene and MacRae, LLP filed herewith. (24) Powers of Attorney for David A. Bird, Danny L. Hale, Edward M. Liddy, John C. Lounds, Samuel H. Pilch, John C. Pintozzi, Eric A. Simonson, Kevin R.Slawin, Casey J. Sylla, Michael J. Velotta, Douglas B. Welch, and Thomas J. Wilson, II filed herewith. (25) None (26) None (27) Not applicable (99) Experts filed herewith ITEM 17. UNDERTAKINGS. (a) The undersigned Registrant hereby undertakes: (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: (i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement. Provided, however, that the undertakings set forth in paragraphs (i), (ii) and (iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement. (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use. (5) That, for the purpose of determining liability of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) Any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424; (ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant; (iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and (iv) Any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser. (b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officers or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

SIGNATURES Pursuant to the requirements of the Securities Act of 1933, Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the Township of Northfield, State of Illinois on the 18th day of April, 2006. ALLSTATE LIFE INSURANCE COMPANY (REGISTRANT) By: /s/MICHAEL J. VELOTTA -------------------------- Michael J. Velotta Senior Vice President, Secretary and General Counsel Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated and on the 18th day of April, 2006. */DAVID A. BIRD Director and Senior Vice President - ----------------------- David A. Bird */DANNY L. HALE Director - ---------------------- Danny L. Hale */EDWARD M. LIDDY Director - ----------------------- Edward M. Liddy */JOHN C. LOUNDS Director and Senior Vice President - ----------------------- John C. Lounds */SAMUEL H. PILCH Controller and Group Vice President - ------------------------ (Principal Accounting Officer) Samuel H. Pilch */JOHN C. PINTOZZI Director, Senior Vice President and - ------------------------ Chief Financial Officer John C. Pintozzi (Principal Financial Officer) */ERIC A. SIMONSON Director, Senior Vice President and - ------------------------- Chief Investment Officer Eric A. Simonson *KEVIN R. SLAWIN Director and Senior Vice President - ----------------------- Kevin R. Slawin */CASEY J. SYLLA Director, Chairman of the Board and - ---------------------- President (Principal Executive Casey J. Sylla Officer) /s/MICHAEL J. VELOTTA Director, Senior Vice President, - ---------------------- General Counsel and Secretary Michael J. Velotta *DOUGLAS B. WELCH Director and Senior Vice President - ----------------------- Douglas B. Welch */THOMAS J. WILSON II Director - ----------------------- Thomas J. Wilson II */ By Michael J. Velotta, pursuant to Power of Attorney, filed herewith.

EXHIBIT LIST The following exhibits are filed herewith: Exhibit No. Description (4)(ag) Form of SureIncome Plus Withdrawal Benefit Rider (4)(ah) Form of SureIncome for Life Withdrawal Benefit Rider (5)(e) Opinion and Consent of General Counsel re: Legality (23)(a) Consent of Independent Registered Public Accounting Firm (23)(b) Consent of LeBoeuf, Lamb, Greene and MacRae, LLP (24) Powers of Attorney for David A. Bird, Danny L. Hale, Edward M. Liddy, John C. Lounds, Samuel H. Pilch, John C. Pintozzi, Eric A. Simonson, Kevin R. Slawin, Casey J. Sylla, Michael J. Velotta, Douglas B. Welch, and Thomas J. Wilson, II. (99) Experts

Exhibit 4 (ag)

	ALLSTATE LIFE INSURANCE COMPANY
		(herein called "we" or "us")

Withdrawal Benefit Rider

This rider was issued because you selected the Withdrawal Benefit Rider. This rider modifies the benefit provided by your Contract, to the extent described below, and the charge for this rider is in addition to the charges defined in your Contract.

As used in this rider, Contract means the Contract or Certificate to which this rider is attached.

This rider guarantees a withdrawal benefit that allows partial withdrawals within specified limits for the lifetime of the Covered Life. This rider also guarantees a death benefit. If the Contract Value is reduced to zero and the Benefit Payment is greater than zero, the payments will be distributed through the Withdrawal Benefit Payout Phase.

As used in this rider, withdrawal means the gross amount of a withdrawal before any applicable charges, fees, taxes or adjustments, including any applicable Market Value Adjustments.

The Rider Date is the date this rider was made a part of your Contract. The Initial Benefit Year is the period between the Rider Date and the first Contract Anniversary after the Rider Date. Each subsequent Benefit Year is identical to the Contract Year. The Rider Fee Percentage is used to calculate the Rider Fee, which is the annual cost of the rider. Refer to the Rider Fee section of this rider for a description of how the cost of the rider is determined and deducted.

Rider Date: [mm/dd/yyyy]

Rider Fee Percentage: [0.65%]

The following is added to your Contract.

I.	Covered Life

The Covered Life is the oldest Owner, or oldest Annuitant, if the Owner is a non-living person, at the time the rider was added.

II.

Withdrawal Benefit Factor

The Withdrawal Benefit Factor is used to determine the Benefit Payment and Benefit Payment Remaining. The Withdrawal Benefit Factor is based on the attained age of the Covered Life on the earlier of the date of the first withdrawal after the rider issue or the date the Contract enters the Withdrawal Benefit Payout Phase. After the Withdrawal Benefit Factor is determined, it will not change.

Attained Age of Covered Life		Withdrawal Benefit Factor
	[50 - 59		4%]
	[60 - 69		5%]
	[70 +		6%]

III.

Benefit Payment and Benefit Payment Remaining

The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year. On the Rider Date, the Benefit Payment is equal to the Contract Value multiplied by the Withdrawal Factor based on the current attained age of the Covered Life.

The Benefit Payment Remaining is the amount remaining after any withdrawals in a Benefit Year that may be withdrawn without reducing the Benefit Base by more than the amount of the withdrawal and without reducing the Benefit Payment available in subsequent Benefit Years. The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year.

After the Rider Date, the Benefit Payment and Benefit Payment Remaining will be increased by purchase payments (and Credit Enhancements, if applicable to your Contract) multiplied by the Withdrawal Benefit Factor based on the current attained age of the Covered Life. On the date of the first withdrawal after the Rider Date, the Benefit Payment and Benefit Payment Remaining will equal the Withdrawal Benefit Factor based on the current attained age of the Covered Life multiplied by the Benefit Base immediately after application of any purchase payments, but prior to the withdrawal on that date. After the first withdrawal, the Withdrawal Benefit Factor used in all future calculations will not change.

After the first withdrawal, the Benefit Payment will be increased by purchase payments (and Credit Enhancements, if applicable to your Contract) multiplied by the Withdrawal Benefit Factor. The Benefit Payment is affected by withdrawals as follows:

•

If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged.

•

If the withdrawal is greater than the Benefit Payment Remaining in effect prior to the withdrawal, the Benefit Payment will be the lesser of:

•

The current Benefit Payment; or

•

The Benefit Base immediately after the withdrawal multiplied by the Withdrawal Benefit Factor.

During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) multiplied by the Withdrawal Benefit Factor and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero.

The Benefit Payment may be increased by the Maximum Anniversary Value or MAV according to the following: On each of the [10] Contract Anniversaries after the Rider Date, the Benefit Payment will be recalculated to the greater of:

•

The Benefit Payment following application of all purchase payments and withdrawals on that Contract Anniversary; or

•

The Contract Value on that Contract Anniversary (following the application of all purchase payments, withdrawals and charges) multiplied by the Withdrawal Benefit Factor currently applicable.

For Contracts subject to section 401(a)(9) of the Internal Revenue Code, at our discretion, the Benefit Payment Remaining during a Benefit Year may be increased on a non-discriminatory basis and without prior notice in order to satisfy IRS minimum distribution requirements arising from the Contract to which this rider is attached.

If the Benefit Payment is reduced to zero, this Rider will terminate.

IV.

Benefit Base

The Benefit Base is used only for purposes of determining the Rider Fee and payments that are made under this rider. It is not available as a Contract Value or Settlement Value.

On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will

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be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) and decreased by withdrawals as follows:

•

If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal.

•

If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of:

•

The Contract Value immediately prior to withdrawal and deduction of applicable charges (except Administrative Expenses and Mortality and Expense Risk charges) less the amount of the withdrawal; or

•

The Benefit Base immediately prior to withdrawal less the amount of the withdrawal.

The Benefit Base will never be less than zero.

The Benefit Base may be increased by the Maximum Anniversary Value or MAV according to the following: On each of the [10] Contract Anniversaries after the Rider Date, the Benefit Base will be recalculated to the greater of:

•

The Benefit Base following application of all purchase payments and withdrawals on that Contract Anniversary; or

•

The Contract Value on that Contract Anniversary following the application of all purchase payments, withdrawals and charges.

V.	Rider Fee

A Rider Fee will be deducted annually on each Contract Anniversary from each of the Variable Sub-accounts on a pro-rata basis in the proportion that your value in each Variable Sub-account bears to your total value in all Variable Sub-accounts. Rider Fees will decrease the number of Accumulation Units in each Variable Sub-account. If, at the time the Rider Fee is deducted, the Rider Fee exceeds the total value in all Variable Sub-accounts, the excess of the Rider Fee over the total value in all Variable Sub-accounts will be waived. The Rider Fee Percentage is shown on page 1 of this rider.

The first Rider Fee will be deducted on the first Contract Anniversary following the Rider Date. A Rider Fee will be deducted on each subsequent Contract Anniversary up to and including the date the rider is terminated. We will not charge a Rider Fee on the date the rider is terminated, on a date other than the Contract Anniversary, if the rider is terminated due to the commencement of the Payout Start Date or terminated under Section IX. of this rider.

The Rider Fee is calculated as follows:

•

For the first Contract Anniversary following the Rider Date, the Rider Fee is equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by the Rider Fee Percentage, with the result multiplied by the Benefit Base as of the first Contract Anniversary, as may be increased by purchase payments (and Credit Enhancements, if applicable to your Contract) and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value, if applicable.

•

For subsequent Contract Anniversaries, the Rider Fee is equal to the Rider Fee Percentage multiplied by the Benefit Base as of that Contract Anniversary, as may be increased by purchase payments (and Credit Enhancements, if applicable to your Contract) and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value, if applicable.

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bears to your total value in all Variable Sub-accounts. The Rider Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination, or if you terminate this rider during the Initial Benefit Year, from the Rider Date to the date of termination. The pro-rated Rider Fee will be equal to the number of full months from the Contract Anniversary to the date of termination, or if you terminate this rider during the Initial Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by the Rider Fee Percentage, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination.

The Rider Fee will be waived during the Withdrawal Benefit Payout Phase.

VI.

Contract Value

If, after your Contract Value is reduced to zero due to fees or withdrawals, your Benefit Payment is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase.

Under this rider, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value.

VII.

Withdrawal Benefit Payout Phase

Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase subject to the following:

•

The Withdrawal Benefit Payout Start Date is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends.

•

No further withdrawals or purchase payments can be made after the Withdrawal Benefit Payout Start Date.

•

Under the Withdrawal Benefit Payout Phase, the Payout Start Date is the first day of the next Benefit Year. We reserve the right to allow other Payout Start Dates on a nondiscriminatory basis without prior notice.

•

Payments will be made to the Owner (or new Owner) at the end of each month starting at the end of the first month following the Payout Start Date under the Withdrawal Benefit Payout Phase. The amount of each payment will be equal to the Benefit Payment divided by 12, unless a payment frequency other than monthly is requested in a form acceptable to us and processed by us before the first payment is made. Payments will be made until the later of:

•

The death of the Covered Life; or

•

Over a period certain based on the total payments made equaling at least the Benefit Base on the Payout Start Date.

•

If your Contract is subject to the required minimum distribution regulations, the period certain cannot exceed that which is required by Internal Revenue Code Section 401(a)(9) and regulations promulgated thereunder. Therefore, the amount of each payment under this rider may be larger during the period certain so that the sum of the payments made over this period equals the Benefit Base on the Payout Start Date. Additionally, we will not permit a change in the payment frequency or level.

•

For all other Contracts, we reserve the right to allow other payment frequencies or levels on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year.

•

If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Owner as scheduled.

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•

Once all payments scheduled have been paid, the Contract and rider will terminate.

VIII.

Withdrawal Benefit Death Benefit

The Death Benefit provision of your Contract is modified as follows:

Prior to the Payout Start Date, the Death Benefit is equal to the greater of the Death Benefit defined in the Death Benefit provision of your Contract, or the Withdrawal Benefit Death Benefit. The Withdrawal Benefit Death Benefit applies only on the death of the Covered Life.

Commencing on the Rider Date, the Withdrawal Benefit Death Benefit is equal to the Contract Value. After the Rider Date the Withdrawal Benefit Death Benefit will be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) and decreased by withdrawals as follows:

•

If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Withdrawal Benefit Death Benefit will be reduced by the amount of the withdrawal.

•

If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Withdrawal Benefit Death Benefit will be the lesser of:

•

The Contract Value immediately prior to withdrawal and deduction of applicable charges (except Administrative Expense and Mortality and Expense Risk charges), less the amount of the withdrawal; or

•

The Withdrawal Benefit Death Benefit immediately prior to withdrawal less the amount of the withdrawal.

The Withdrawal Benefit Death Benefit will never be less than zero.

IX.

Death of Owner or Annuitant

If the Covered Life dies prior to the Payout Start Date, this rider will terminate as of the date of death.

If the Owner or the Annuitant who is not the Covered Life dies, then one of the following provisions will apply depending on which Option is selected under the Death of Owner or Death of Annuitant provisions of the Contract:

If the Contract is continued under Option D of the Death of Owner provision of the Contract, then this rider will continue unless the new Owner elects to cancel this rider. If the rider is continued, it will remain in effect until terminated pursuant to Section X. below.

If the Contract is continued under Option D of the Death of Annuitant provision of the Contract, then this rider will continue unless the Owner elects to cancel this rider. If the rider is continued, it will remain in effect until terminated pursuant to Section X. below.

If the Contract is not continued under either 1. or 2. above, then this rider will terminate on the date we receive a complete request for settlement of the Death Proceeds.

X.	Termination of the Rider

This rider will terminate on the earliest of the following to occur:

•

The Benefit Payment is reduced to zero;

•

On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under Section VII. of this rider);

•

On the date the Contract is terminated;

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•

On the date the Covered Life is removed from the Contract for any reason;

•

On the date the Covered Life dies pursuant to Section IX. of this rider; or

•

On the date this rider is terminated under Section IX. of this rider.

XI.

Investment Limitations for this Rider

By adding this rider to your Contract, you agree to adhere to certain requirements related to the Investment Alternatives in which you may invest until this rider is terminated pursuant to Section X. above. These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-accounts, and restrictions on transfers to or from certain Investment Alternatives. We may also require that you use an automatic portfolio rebalancing program. A current explanation and list of investment requirements is set forth in the prospectus that pertains to your Contract.

Except as amended in this rider the Contract remains unchanged.

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Exhibit 4 (ah)

	ALLSTATE LIFE INSURANCE COMPANY
		(herein called "we" or "us")

Withdrawal Benefit Rider

As used in this rider, Contract means the Contract or Certificate to which this rider is attached.

This rider guarantees an amount up to the Benefit Payment Remaining which may be withdrawn from the Contract each Benefit Year until the Benefit Base is depleted. This rider also guarantees a death benefit. If the Contract Value is reduced to zero and the Benefit Base is still greater than zero, the remaining Benefit Base will be distributed through the Withdrawal Benefit Payout Phase.

As used in this rider, withdrawal means the gross amount of a withdrawal before any applicable charges, fees, taxes or adjustments, including any applicable Market Value Adjustments.

Rider Date: [mm/dd/yyyy]

Withdrawal Benefit Factor: [0.08]

Rider Fee Percentage: [0.65%]

The following is added to your Contract.

I.	Benefit Payment and Benefit Payment Remaining

The Benefit Payment is the amount available at the beginning of each Benefit Year that you may withdraw during that Benefit Year, subject to the Benefit Base remaining. The Benefit Payment Remaining is the amount remaining in a Benefit Year, subject to the Benefit Base remaining, that you may withdraw that will reduce your Benefit Base by the exact amount of the withdrawal and will not reduce the Benefit Payment available in future Benefit Years.

The Benefit Payment Remaining is equal to the Benefit Payment at the beginning of each Benefit Year. During each Benefit Year the Benefit Payment Remaining will be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) multiplied by the Withdrawal Benefit Factor and reduced by the amount of each withdrawal. The Benefit Payment Remaining will never be less than zero.

On the Rider Date, the Benefit Payment is equal to the greater of:

•

The Contract Value multiplied by the Withdrawal Benefit Factor; or

•

The value of the Benefit Payment of the previous Withdrawal Benefit Rider (attached to your Contract) which is being terminated under a rider trade-in option.

After the Rider Date, the Benefit Payment will be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) multiplied by the Withdrawal Benefit Factor and affected by withdrawals as follows:

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•

If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment is unchanged.

•

If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Payment will be the lesser of:

•

The current Benefit Payment; or

•

The Contract Value immediately prior to the withdrawal and the deduction of applicable charges (except Administrative Expense and Mortality and Expense Risk charges), less the amount of the withdrawal, multiplied by the Withdrawal Benefit Factor.

•

The Benefit Payment following application of all purchase payments and withdrawals on that Contract Anniversary; or

•

The Contract Value on that Contract Anniversary, following the application of all purchase payments, withdrawals and charges, multiplied by the Withdrawal Benefit Factor.

For Contracts subject to section 401(a)(9) of the Internal Revenue Code, at our discretion, the Benefit Payment Remaining available during a Benefit Year may be increased on a non-discriminatory basis and without prior notice in order to satisfy IRS minimum distribution requirements arising from the Contract to which this rider is attached.

II.

Benefit Base

The Benefit Base is used only for purposes of determining the Rider Fee and the amount remaining that may be withdrawn under the Contract as specified in this rider. It is not available as a Contract Value or Settlement Value.

On the Rider Date, the Benefit Base is equal to the Contract Value. After the Rider Date, the Benefit Base will be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) and decreased by withdrawals as follows:

•

If the withdrawal is less than or equal to the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be reduced by the amount of the withdrawal.

•

If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Benefit Base will be the lesser of:

•

The Contract Value immediately prior to withdrawal and deduction of applicable charges (except Administrative Expense and Mortality and Expense Risk charges), less the amount of the withdrawal; or

•

The Benefit Base immediately prior to withdrawal less the amount of the withdrawal.

The Benefit Base may also be reduced in other situations as detailed in Section VI. of this rider.

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greater of:

•

The Benefit Base following application of all purchase payments and withdrawals on that Contract Anniversary; or

•

The Contract Value on that Contract Anniversary following the application of all purchase payments, withdrawals and charges.

If the Benefit Base is reduced to zero, this rider will terminate.

III.

Rider Fee

The Rider Fee is calculated as follows:

•

For the first Contract Anniversary following the Rider Date, the Rider Fee is equal to the number of full months from the Rider Date to the first Contract Anniversary, divided by twelve, multiplied by the Rider Fee Percentage, with the result multiplied by the Benefit Base as of the first Contract Anniversary, as may be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value, if applicable.

•

For subsequent Contract Anniversaries, the Rider Fee is equal to the Rider Fee Percentage multiplied by the Benefit Base as of that Contract Anniversary, as may be increased by purchase payments (and associated Credit Enhancements, if applicable to your Contract) and decreased by withdrawals, but prior to the Benefit Base being recalculated based on the Contract Value, if applicable.

If you terminate this rider on a date other than a Contract Anniversary, we will deduct a Rider Fee from each of the Variable Sub-accounts on a pro-rata basis in the proportion that your value in each Variable Sub-account bears to your total value in all Variable Sub-accounts. The Rider Fee will be pro-rated to cover the period from the last Contract Anniversary to the date of termination, or if you terminate this rider during the Initial Benefit Year, from the Rider Date to the date of termination. The pro-rated Rider Fee will be equal to the number of full months from the Contract Anniversary to the date of termination, or if you terminate this rider during the Initial Benefit Year, the number of full months from the Rider Date to the date of termination, divided by twelve, multiplied by the Rider Fee Percentage, with the result multiplied by the Benefit Base immediately prior to the withdrawal or termination.

The Rider Fee will be waived during the Withdrawal Benefit Payout Phase.

IV.

Contract Value

If, after your Contract Value is reduced to zero due to fees or withdrawals, your Benefit Base is still greater than zero, your Contract will immediately enter the Withdrawal Benefit Payout Phase.

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Under this rider, we do not treat a withdrawal that reduces the Contract Value to less than $1,000 as a withdrawal of the entire Contract Value.

V.	Withdrawal Benefit Payout Phase

Under the Withdrawal Benefit Payout Phase, the Accumulation Phase of the Contract ends and the Contract enters the Payout Phase subject to the following:

•

The Withdrawal Benefit Payout Start Date is the date the Withdrawal Benefit Payout Phase is entered and the Accumulation Phase of the Contract ends.

•

No further withdrawals or purchase payments can be made after the Withdrawal Benefit Payout Start Date.

•

For all other Contracts, we reserve the right to allow other payment frequencies or levels to be requested on a nondiscriminatory basis without prior notice. In no event will we allow more than one change in the payment frequency or level during a Contract Year.

•

If the Owner dies before all payments have been made, the remaining payments will continue to be made to the new Owner as scheduled.

•

Once all payments scheduled have been paid, the Contract and rider will terminate.

VI.

Owner and Assignment of Payments or Interest

If you change the Owner or assign any payments or interest under this Contract, as allowed, to any living or non-living person other than your spouse on or after the first calendar year anniversary of the Rider Date, the Benefit Base will be recalculated at this time to be the lesser of the current Contract Value or the current Benefit Base.

VII.

Withdrawal Benefit Death Benefit

The Death Benefit provision of your Contract is modified as follows:

Prior to the Payout Start Date, the Death Benefit is equal to the greater of the Death Benefit, defined in the Death Benefit provision of your Contract, or the Withdrawal Benefit Death Benefit.

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•

If the withdrawal is greater than the Benefit Payment Remaining in effect immediately prior to the withdrawal, the Withdrawal Benefit Death Benefit will be the lesser of:

•

The Contract Value immediately prior to withdrawal and deduction of applicable charges (except Administrative Expense and Mortality and Expense Risk charges), less the amount of the withdrawal; or

•

The Withdrawal Benefit Death Benefit immediately prior to withdrawal less the amount of the withdrawal.

The Withdrawal Benefit Death Benefit will never be less than zero.

VIII.

Death of Owner or Annuitant

If the Owner or the Annuitant dies, then one of the following provisions will apply depending on which Option is selected under the Death of Owner or Death of Annuitant provisions of the Contract:

If the Contract is not continued under either 1. or 2. above, then this rider will terminate on the date we receive a complete request for settlement of the Death Proceeds.

Notwithstanding the above, if the Contract death settlement options are governed by an endorsement (as with an IRA or 403(b) plan), and the endorsement allows for the continuation of the Contract upon the death of the Owner or the Annuitant, the rider will continue if spousal continuation is selected unless the new Owner elects to cancel this rider. If the rider is continued, it will remain in effect until terminated pursuant to Section IX below. If the Contract is not continued, then the rider will terminate on the date we received a complete request for settlement of Death Proceeds.

IX.

Termination of the Rider

This rider will terminate on the earliest of the following to occur:

•

The Benefit Base is reduced to zero;

•

On the Payout Start Date (except if the Contract enters the Withdrawal Benefit Payout Phase as defined under Section V. of this rider);

•

On the date the Contract is terminated;

•

On the date this rider is terminated under Section VIII. of this rider.

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X.	Investment Limitations for this Rider

By adding this rider to your Contract, you agree to adhere to certain requirements related to the Investment Alternatives in which you may invest until this rider is terminated pursuant to Section IX. above. The specific requirements will be determined by the Withdrawal Benefit Factor shown on Page 1 of this rider. These requirements may include, but are not limited to, maximum investment limits on certain Variable Sub-accounts or on certain Fixed Account Options, exclusion of certain Variable Sub-accounts or of certain Fixed Account Options, required minimum allocations to certain Variable Sub-accounts, and restrictions on transfers to or from certain Investment Alternatives. We may also require that you use an automatic portfolio rebalancing program. A current explanation and list of investment requirements is set forth in the prospectus that pertains to your Contract.

Except as amended in this rider the Contract remains unchanged.

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Exhibit 5 (e)

April 14, 2006


TO:         ALLSTATE LIFE INSURANCE COMPANY
            NORTHBROOK, IL  60062

FROM:       MICHAEL J. VELOTTA
            SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL

RE:         FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
            FILE NO. 333-100068

With reference to Post Effective Amendment No. 4 to the Form S-3 Registration
Statement filed by Allstate Life Insurance Company (the "Company"), as
Registrant, with the Securities and Exchange Commission covering the Flexible
Premium Deferred Variable Annuity Contracts described therein, I have examined
such documents and such law as I have considered necessary and appropriate, and
On the basis of such examination, it is my opinion that as of April 14, 2006:

1. The Company is duly organized and existing under the laws of the State of
Illinois and has been duly authorized to do business and to issue Contracts by
the Director of Insurance of the State of Illinois.

2. The securities registered by the above Registration Statement when issued
will be valid, legal and binding obligations of the Company.

I hereby consent to the filing of this opinion as an exhibit to the Above
referenced Registration Statement and to the use of my name under the caption
"Legal Matters" in the Prospectii constituting a part of the Registration
Statement.


Sincerely,



/S/MICHAEL J. VELOTTA
- ------------------------------
Michael J.Velotta
Senior Vice President, Secretary and General Counsel

Exhibit 23 (a) CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the incorporation by reference in this Post-Effective Amendment No. 4 to Registration Statement No. 333-100068 of Allstate Life Insurance Company (the "Company"), on Form S-3 of our report dated March 10, 2006, (which report expresses an unqualified opinion and includes an explanatory paragraph relating to a change in method of accounting for certain nontraditional long-duration contracts and for separate accounts in 2004 and changes in the methods of accounting for embedded derivatives in modified coinsurance agreements and variable interest entities in 2003), relating to the consolidated financial statements and financial statement schedules of the Company, appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2005, to its use in the Statements of Additional Information (which are incorporated by reference in the Prospectuses of the Company), which are part of Registration Statements No. 333-114560, 333-114561, 333-114562, and 333-102934 of Allstate Financial Advisors Separate Account I (the "Account"), to the use of our report dated March 10, 2006 on the financial statements of the sub-accounts of the Account also appearing in the Statements of Additional Information, and to the reference to us under the heading "Experts" in Exhibit 99 of Part II of this Registration Statement. /s/ Deloitte & Touche LLP Chicago, Illinois April 12, 2006

Exhibit 23(b) Consent of Attorneys Christopher S. Petito 202-986-8283 April 12, 2006 Allstate Life Insurance Company 3100 Sanders Road Northbrook, Illinois 60062 Ladies and Gentlemen: We hereby consent to the reference to our name under the caption "Legal Matters" in this Post-Effective Amendment No. 4 to the Registration Statement No. 333-100068 of Allstate Life Insurance Company on Form S-3. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933. Very truly yours, LeBoeuf, Lamb, Greene & MacRae, LLP /s/ Christopher S. Petito By:--------------------------- Christopher S. Petito

Exhibit 24 POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ DAVID A. BIRD - ---------------------- David A. Bird Director

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ DANNY L. HALE - ---------------------- Danny L. Hale Director and Senior Vice President

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ EDWARD M. LIDDY - ---------------------- Edward M. Liddy Director

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ JOHN C. LOUNDS - ---------------------- John C. Lounds Director and Senior Vice President

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ SAMUEL H. PILCH - ---------------------- Samuel H. Pilch Group Vice President and Controller

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ JOHN C. PINTOZZI - ---------------------- John C. Pintozzi Director, Senior Vice President and Chief Financial Officer

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ ERIC A. SIMONSON - ---------------------- Eric A. Simonson Director, Senior Vice President and Chief Investment Officer

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ KEVIN R. SLAWIN - ---------------------- Kevin R. Slawin Director and Senior Vice President

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints John C. Pintozzi and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ CASEY J. SYLLA - ---------------------- Casey J. Sylla Director, Chairman of the Board and President

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and John C. Pintozzi, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ MICHAEL J. VELOTTA - ---------------------- Michael J. Velotta Director, Senior Vice President, General Counsel and Secretary

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ DOUGLAS B. WELCH - ---------------------- Douglas B. Welch Director and Senior Vice President

POWER OF ATTORNEY WITH RESPECT TO ALLSTATE LIFE INSURANCE COMPANY (DEPOSITOR) The undersigned director of Allstate Life Insurance Company constitutes and appoints Casey J. Sylla and Michael J. Velotta, and each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign the following registration statements: File Nos. 333-123847, 333-105331, 333-132994, 333-102319, 333-121811 and 333-100068 of Allstate Life Insurance Company, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney. April 18, 2006 /s/ THOMAS J. WILSON, II - ---------------------- Thomas J. Wilson, II Director

Exhibit 99

EXPERTS

The consolidated financial statements and the related consolidated financial
statement schedules incorporated in this Registration Statement by reference
from the Allstate Life Insurance Company Annual Report on Form 10-K for the year
ended December 31, 2005 have been audited by Deloitte & Touche LLP, an
independent registered public accounting firm, as stated in their report, which
is incorporated by reference herein (which report expresses an unqualified
opinion and includes an explanatory paragraph relating to a change in method of
accounting for certain nontraditional long-duration contracts and for separate
accounts in 2004 and changes in methods of accounting for embedded derivatives
in modified coinsurance agreements and variable interest entities in 2003), and
have been so incorporated in reliance upon the report of such firm given upon
their authority as experts in accounting and auditing.