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Company Name                                                 Rating                                                             CPA  Date-----------------------------------------------------------------------------Acacia Mutual Life Insurance Company        AA-  1992-11-12-Acacia National Life Insurance Company                      AA-  1992-11-12-Aetna Insurance Company of America                          AA+  1996-04-19-Aetna Life Insurance and Annuity Co.                        AA+  1994-11-11-Aetna Life Insurance Company                                AA-  1995-07-12-Aid Association for Lutherans                               AAA  1990-12-20-Alamo Title Insurance Company                               A    1997-04-17-Alexander Hamilton Life Ins. Co. of America                 AAA  1995-10-09-ALLIED Life Insurance Company                               A    1995-11-20-American Bankers Life Assurance Co of Florida               AA-  1993-11-09-American Enterprise Life Ins. Co.                           AAA  1990-10-02-American Foundation Life Insurance Co.                      AA   1993-08-31-American General Life & Accident Insurance Company          AAA  1996-04-29-American General Life Insurance Co.                         AAA  1992-01-17-American General Life Insurance Company of New York         AAA  1996-08-05-American Investors Life Insurance Co.                       A    1996-11-01-The American Life Insurance Co. of N.Y.                     AA+  1991-05-06-American Maturity Life Insurance Company                    AA+  1994-09-28-American Mayflower Life Insurance Co. of NY                 AA+  1991-05-23-American Memorial Life Insurance Company                    AA-  1997-01-17-American Partners Life Insurance Company                    AAA  1996-06-19-American Skandia Life Assurance Corp.                       AA-  1993-04-23-American United Life Insurance Co.                          AA   1996-10-30-AmerUs Life Insurance Company                               AA-  1995-09-22-Anchor National Life Insurance Co.                          AA   1993-03-03-Anthem Insurance Companies, Inc.                            A+   1996-01-29-Aurora National Life Assurance Company                      A+   1995-07-05-AUSA Life Insurance Company                                 AA+  1993-11-15-Bankers Life and Casualty Company           AA-  1993-08-26-Bankers Life Insurance Company of New York                  AA   1996-01-08-Bankers Security Life Insurance Company                     AA   1996-02-16-Bankers United Life Assurance Co.                           AA+  1991-12-06-Beneficial Standard Life Insurance Company                  A+   1992-08-10-Berkshire Life Insurance Company                            AA-  1997-04-07-Boston Mutual Life Insurance Company                        A+   1995-11-29-Business Men's Assurance Company of America                 AA   1993-07-21-C.M. Life Insurance Company                 AAA  1996-03-01-The Canada Life Assurance Co.                               AAA  1992-11-30-Canada Life Insurance Co. of America                        AAA  1992-11-30-Canada Life Insurance Co. of N.Y.                           AAA  1992-11-30-Chicago Title and Trust Company Group                       A    1994-04-15-Chicago Title Insurance Company                             A    1994-04-15-Chicago Title Insurance Company of Oregon                   A    1994-04-15-Chubb Colonial Life Insurance Company of America            AAA  1997-06-03-Chubb Life Insurance Company of America                     AAA  1997-06-03-CIGNA Life Insurance Company                                AAA  1994-12-05-Columbus Life Insurance Company                             AAA  1994-01-04-Commercial Union Life Insurance Co. of Amer.                AA-  1992-04-16-Commercial Union Life Insurance Co. of N.Y.                 AA-  1992-04-16-Commonwealth Life Insurance Co.                             AA+  1989-12-31-Companion Life Insurance Company                            AA   1994-11-29-Connecticut General Life Insurance Co.                      AAA  1993-07-16-Connecticut National Life Insurance Company                 A+   1995-08-08-Continental Assurance Company                               AA   1995-05-09-Continental General Insurance Company                       AAA  1994-01-27-Cova Financial Services Life Insurance Co.                  AA   1996-01-10-CUNA Mutual Insurance Society                               AA   1992-05-04-CUNA Mutual Life Insurance Company                          AA   1995-11-13-Delta Life and Annuity Company              A+   1995-06-02-Empire General Life Assurance Co.           AA   1992-09-08-Enhance Reinsurance Company                                 AAA  1989-12-31-Equitable Life Assur. Soc. of the U.S.                      AA-  1995-12-06-Equitable Life Insurance Company of Iowa                    AA   1993-07-16-The Equitable of Colorado, Inc.                             AA-  1995-12-06-Federal Home Life Insurance Co.             AA   1996-08-16-Federal Kemper Life Assurance Co.                           AA   1996-01-09-Fidelity & Guaranty Life Ins. Co.                           A+   1997-03-14-Fidelity National Title Group                               BBB- 1996-11-26-Fidelity National Title Insurance Company                   BBB- 1996-11-26-Fidelity National Title Insurance Company of California     BBB- 1996-11-26-Fidelity National Title Insurance Company of New York       BBB- 1996-11-26-Fidelity National Title Insurance Company of Pennsylvania   BBB- 1996-11-26-Fidelity National Title Insurance Company of Tennessee      BBB- 1996-11-26-First Alexander Hamilton Life Ins. Co.                      AAA  1995-10-09-First Allmerica Financial Life Insurance Company            AA   1991-11-18-First American Title Insurance Co of NY                     A-   1996-11-25-First American Title Insurance Co of Oregon                 A-   1996-11-25-The First American Title Insurance Company Group            A-   1996-11-25-First American Title Insurance Company of Texas             A-   1996-11-25-First Colony Life Insurance Co.                             AA+  1989-12-31-First Golden American Life Insurance Company of New York    AA   1997-03-25-First Great-West Life & Annuity Company                     AAA  1997-06-02-First North American Life Assurance Company                 AAA  1996-08-14-First Reliance Standard Life Ins Co of NY                   A+   1995-12-18-First Security Benefit Ins. & Annuity Co.  NY               AA-  1995-09-01-First Transamerica Life Ins. Co.                            AA+  1993-09-09-First Variable Life Insurance Company                       AA   1994-12-02-The Franklin Life Ins. Co.                                  AA+  1995-02-14-General American Life Ins. Co.              AA   1989-12-31-General Electric Capital Assurance Company                  AA   1996-08-16-General Electric Capital Life Assurance Company of NY       AA   1991-11-18-Golden American Life Insurance Company                      AA   1996-08-14-Grand Pacific Life Insurance Company Ltd.                   BBB+ 1994-04-20-Great American Life Insurance Company                       AA-  1995-11-27-Great American Reserve Insurance Co.                        A+   1992-08-10-Great Northern Insured Annuity Corp                         AA   1991-11-18-Great-West Life & Annuity Co                                AAA  1993-03-11-Great-West Life Assurance Co.                               AAA  1993-03-11-Guardian Insurance and Annuity Company                      AAA  1993-10-26-Guardian Life Insurance Company of America                  AAA  1993-10-26-Hartford Fire Intercompany Pool             AA   1995-10-20-Hartford Life and Accident Ins Co.                          AA+  1995-10-20-Hartford Life Insurance Co.                                 AA+  1995-10-20-The Harvest Life Insurance Co.                              AA   1996-08-16-Horace Mann Life Insurance Company                          AA   1996-12-02-IDS Life Insurance Company                  AAA  1990-10-02-IDS Life of New York                                        AAA  1990-10-02-IL Annuity & Insurance Company                              AA   1995-04-24-Indianapolis Life Insurance Co                              AA   1996-05-02-Integrity Life Insurance Co.                                A+   1992-09-21-Inter-State Assurance Company                               AA   1991-08-09-Irish Life Assurance plc                                    AA   1991-08-09-ITT Hartford Life and Annuity Insurance Co.                 AA+  1995-10-20-Jackson National Life Insurance Company     AA   1994-09-09-Jefferson National Life Insurance Co.                       A+   1992-08-10-Jefferson Pilot Title Insurance Company                     A-   1996-11-25-Jefferson-Pilot Life Insurance Company                      AAA  1995-11-17-John Hancock Life Insurance Co. of America                  AAA  1993-08-11-John Hancock Mutual Life Insurance Co.                      AAA  1991-10-02-John Hancock Variable Life Ins. Co.                         AAA  1991-10-02-Kemper Investors Life Insurance Co          AA   1996-01-09-Kentucky Home Mutual Life Ins Co.                           A-   1995-05-10-Keyport Life Insurance Company                              AA-  1991-12-20-Keystone State Life Insurance Company                       A-   1995-05-10-Lafayette Life Insurance Co.                AA-  1995-10-09-Lamar Life Insurance Company                                A+   1995-06-29-Land Title Insurance Company of St. Louis                   A-   1996-11-25-Liberty Life Insurance Company                              AA-  1997-02-25-Life Insurance Co. of Ga.                                   AAA  1989-12-31-Life Insurance Co. of the S.W.                              AA-  1991-08-07-Life Insurance Co. of Va.                                   AA   1996-08-01-Life Investors Ins. Co. of America                          AA+  1991-08-27-Lincoln National Life Ins. Co.                              AA+  1995-11-16-Loyal American Life Insurance Company                       AA-  1997-01-17-Lutheran Brotherhood                                        AAA  1992-09-04-Lutheran Brotherhood Variable Ins. Prod. Co.                AAA  1992-09-04-Manhattan National Life Insurance Co.       A+   1995-08-08-Manufacturer's Life Ins Company of America                  AAA  1992-10-05-Manufacturer's Life Insurance Company(USA)                  AAA  1992-10-05-Manufacturers Life Insurance Company                        AAA  1992-08-31-Manulife Reinsurance Corporation (U.S.A.)                   AAA  1996-08-14-Massachusetts Casualty Insurance Company                    AAA  1994-04-04-Massachusetts General Life Insurance Co.                    A+   1991-10-25-Massachusetts Mutual Life Ins. Co.                          AAA  1992-01-28-Massachusetts Title Insurance Company                       A-   1996-11-25-The Mega Life and Health Insurance Company                  A+   1995-07-25-Metropolitan Life Ins. Co.                                  AA+  1996-09-04-Mid-West National Life Insurance Company of Tennessee       A+   1996-07-24-Ministers Life Insurance Company                            AAA  1993-07-06-Minnesota Mutual Life Insurance Co.                         AAA  1993-03-29-Modern Woodmen of America                                   AA   1995-11-10-Monumental Life Insurance Co.                               AA+  1991-08-27-Mutual Life Insurance Co. of N.Y.                           A+   1993-07-16-Mutual of America Life Ins. Co.                             AA+  1990-07-25-Mutual of Omaha Ins. Co.                                    AA   1991-05-21-Mutual Trust Life Insurance Co.                             AA-  1991-12-09-National Integrity Life Ins. Co.            A+   1992-09-21-National Life Insurance Company                             AA-  1996-05-07-National Title Insurance Company of New York Inc.           BBB- 1996-11-26-Nations Title Insurance Company                             BBB- 1996-11-26-Nations Title Insurance Company of New York Inc.            BBB- 1996-11-26-New England Life Insurance Company                          AA+  1996-09-04-New York Life Insurance & Annuity Corp.                     AAA  1992-07-07-New York Life Insurance Company                             AAA  1992-07-07-North American Security Life Insurance Co.                  AAA  1996-03-18-North American Title Insurance Comapny                      A-   1996-11-25-Northern Life Insurance Co.                                 AA   1992-04-30-Northstar Life Insurance Co.                                AAA  1993-07-06-Northwestern Mutual Life Insurance Co.                      AAA  1991-10-15-Northwestern National Life Insurance Co.                    AA   1991-04-30-Occidental Life Insurance Company           A-   1996-09-03-Ohio National Life Assurance Corp.                          AA   1991-11-13-Ohio National Life Ins. Co.                                 AA   1989-12-31-Pacific Mutual Life Insurance Company       AA+  1991-09-27-Pan-American Life Insurance Company                         A+   1995-04-27-Paragon Life Insurance Company                              AA   1992-06-02-Penn Insurance and Annuity Company                          AA-  1992-05-21-Penn Mutual Life Insurance Co.                              AA-  1989-01-01-Peoples Security Life Ins. Co.                              AA+  1989-12-31-PFL Life Insurance Company                                  AA+  1991-08-27-Philadelphia Life Insurance Co.                             A+   1991-10-25-Phoenix Home Life Mutual Insurance Co.                      AA   1993-06-24-Pioneer Life Insurance Company                              A    1995-08-08-Port Lawrence Title & Trust Company                         A-   1996-11-25-Primerica Life Insurance Company                            AA   1996-09-03-Principal Mutual Life Insurance Co.                         AAA  1992-06-26-Professional Insurance Corporation                          A-   1996-06-10-Protective Life Insurance Company                           AA   1990-06-08-Provident Life & Accident Ins. Co.                          AA-  1994-12-27-Provident Mutual Life Insurance Co                          AA   1992-07-06-Provident National Assurance Co.                            AA-  1994-12-27-Providentmutual Life & Annuity Co.                          AA   1992-07-06-Providian Life & Health Insurance Company                   AA+  1995-09-05-Prudential Insurance Co. of America                         AA   1994-11-04-Reliance Standard Life Ins. Co.             A+   1995-12-18-ReliaStar Bankers Security Life                             AA   1996-02-16-Royal Life Insurance Company of America                     A    1997-05-30-Royal Life Insurance Company of New York                    A    1997-05-30-Royal Maccabees Life Insurance                              A    1997-05-30-SAFECO Life Insurance Company               AA   1995-04-17-Savings Bank Life Insurance Company of Mass.                AA   1991-12-30-Security Benefit Life Insurance Company                     AA-  1994-11-18-Security Life of Denver Insurance Co.                       AAA  1992-02-06-Security Mutual Life Ins. Co. of NY                         A+   1995-08-21-Security Union Title Insurance Company                      A    1994-04-15-Shenandoah Life Insurance Company                           A+   1996-11-04-Sierra Health & Life Insurance Company                      A    1993-01-05-Southland Life Ins. Co.                                     AAA  1990-10-22-Southwestern Life Insurance Co.                             A-   1996-03-12-Standard Insurance Company                                  AA-  1994-08-24-State Farm Life & Accident Assurance Company                AAA  1996-05-01-State Farm Life Insurance Company                           AAA  1996-05-01-The State Life Insurance Company                            AA   1996-10-30-Sun Life Assurance Company of Canada                        AAA  1994-04-04-Sun Life Assurance Company of Canada(U.S.)                  AAA  1994-04-04-Sun Life Insurance & Annuity Co of New York                 AAA  1994-04-04-SunAmerica Life Insurance Company                           AA   1993-03-03-Teachers Insurance and Annuity Assn.        AAA  1993-02-08-Ticor Title Guarantee Company                               A    1994-04-15-Ticor Title Insurance Company                               A    1994-04-15-Transamerica Life Ins. & Ann. Co.                           AA+  1993-09-09-Transamerica Occidental Life Ins.                           AA+  1993-09-09-The Travelers Insurance Company                             AA-  1995-08-17-Travelers Life and Annuity Co.                              AA-  1996-11-06-Trustmark Insurance Company                                 A+   1995-10-18-Trustmark Life Insurance Company                            A+   1995-10-18-Union Central Life Insurance Co.            A+   1993-09-01-United Companies Life Insurance Company                     A+   1993-12-20-United General Title Insurance Company                      BBB- 1995-02-08-United of Omaha Life Ins. Co.                               AA   1989-12-31-United Services Life Insurance Company                      AA   1996-02-16-USG Life and Annuity Company                                AA   1993-07-16-Valley Forge Life Insurance Company         AA   1995-05-09-Variable Annuity Life Insurance Co.                         AAA  1991-10-03-Western and Southern Life Insurance Company AAA  1994-01-04-Western National Life Insurance Co.                         AA-  1991-12-18-Western Reserve Life Assurance Co of OH                     AA+  1991-08-27-WESTERN SECURITY LIFE INSURANCE COMPANY                     AA   1997-02-11-Western-Southern Life Assurance Company                     AAA  1994-01-04-Zurich Life Insurance Company of America    AA   1996-10-04-

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