Common use of The Funds Clause in Contracts

The Funds. The Funds are Maryland Corporations registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940 (the “Act”) as open-end diversified management investment companies. The Fund serves as a funding vehicle for variable annuity contracts and variable life insurance contracts and, as such, sells its shares to insurance companies and their separate accounts. With respect to various provisions of the Act, the SEC requires that owners of variable annuity contracts and variable life insurance contracts be provided with materials and rights afforded to shareholders of a publicly-available SEC-registered mutual fund.

The Funds. The Each of the Funds are is a Maryland Corporations Corporation registered with the Securities and Exchange Commission (the “SEC”) under the Investment investment Company Act of 1940 1940, as amended (the “Act”) as an open-end diversified management investment companiescompany. The Each Fund serves as a funding vehicle for variable annuity contracts and variable life insurance contracts and, as such, sells its shares to insurance companies and their separate accounts. With respect to various provisions of the Act, the SEC requires that owners of variable annuity contracts and variable life insurance contracts be provided with materials and rights afforded to shareholders of a publicly-available SEC-registered mutual fund.

The Funds. The Each of the Funds are is a Maryland Corporations Corporation registered with the Securities and Exchange Commission (the “"SEC”") under the Investment Company Act of 1940 1940, as amended (the “Act”"ACT") as an open-end diversified management investment companiescompany. The Each Fund serves as a funding vehicle for variable annuity contracts and variable life insurance contracts and, as such, sells its shares to insurance companies and their separate accounts. With respect to various provisions of the Act, the SEC requires that owners of variable annuity contracts and variable life insurance contracts be provided with materials and rights afforded to shareholders of a publicly-publicly- available SEC-registered mutual fund.

The Funds. The Each of the Funds are is a Maryland Corporations Corporation registered with the Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940 (the “Act”) as an open-end diversified management investment companiescompany. The Each Fund serves as a funding vehicle for variable annuity contracts and variable life insurance contracts and, as such, sells its shares to insurance companies and their separate accounts. With respect to various provisions of the Act, the SEC requires that owners of variable annuity contracts and variable life insurance contracts be provided with materials and rights afforded to shareholders of a publicly-available SEC-registered mutual fund.