Quarterly Portfolio Guide

Transcription

1 An Educational Guide for Individuals Quarterly Portfolio Guide December 31, 2013 Insight into the underlying funds of Variable Universal Life III (VUL III) Insurance Investment Strategies

2 1 of 78 VUL III is a permanent life insurance policy that combines death benefit protection with the opportunity to accumulate policy value through investments in a separate account with underlying investment funds, and a guaranteed principal account. This report gives information only about the performance of the investment options available through the policy. It does not give, and should not be understood to give, information about the overall performance of any VUL III policy. Before purchasing a VUL III policy, you should request a personalized illustration from your financial representative to see examples of how policy charges can impact the performance of your policy. The illustration will reflect the deduction of asset charges, premium expense charges, surrender charges, and the monthly administrative, face amount, and insurance charges, as well as any applicable rider charges specific to the policy. If you currently own a policy, you can obtain current illustrations of policy values by contacting your personal financial representative, or by clicking on contact us on our web site, or by calling the MassMutual Customer Service Center at , Monday - Friday, 8 a.m. to 8 p.m. eastern time. Gain insight into your investment choices The Variable Universal Life III (VUL III) insurance policy offers a broad range of investment choices so you and your financial professional can develop an investment strategy that fits your risk tolerance, time horizon and investment objectives. This brochure provides important information so you can gain a true insight into these investment choices and select the investment choices that best suit you. The investment performance figures in this report are based on actual historical performance of the investment options for the periods shown, including for those time periods that begin prior to a policy s availability date. In most states, the first policy became available on November 3, For periods of one year or less, the total return is not annualized. For periods greater than one year, the average annual total return for the time periods is shown. This material must be preceded or accompanied by the current prospectus for the VUL III insurance policy and the prospectuses (or summary prospectuses, if available) for its underlying investment choices. Before purchasing a policy, investors should carefully consider the investment objectives, risks, charges and expenses of the policy and its underlying investment choices. Please read the prospectuses carefully before investing or sending money. Not FDIC or NCUA Insured Not a Bank or Credit Union Deposit or Obligation May Go Down in Value Not Insured by any Federal Government Agency Not Guaranteed by any Bank or Credit Union

3 2 of 78 Brand-name investment management VUL III offers some of the most recognizable names in money management today. Massachusetts Mutual Life Insurance Company (MassMutual) strives to provide policyowners with access to high-caliber investment managers who offer consistent, quality investment strategies. The ability to invest in investment choices managed by these types of experienced investment management companies may help you attain your desired investment results over the long term. As of May 1, 2013, subject to change.

4 3 of 78 Broad range of investment choices* (Fund sub-adviser as noted in parenthesis) Value Blend Growth Large Cap MML Equity (Oppenheimer/ Loomis Sayles) MML Equity Income (T. Rowe Price) MML Income & Growth (BlackRock) Fidelity VIP Contrafund Invesco V.I. Diversified Dividend MML Equity Index (Northern Trust) MML Growth & Income (MFS ) MML Blue Chip Growth (T. Rowe Price) Oppenheimer Capital Appreciation Oppenheimer Main Street Small/Mid Cap MML Mid Cap Value (American Century) MML Small/Mid Cap Value (AllianceBernstein) MML Small Cap Equity (Oppenheimer) 1 MML Mid Cap Growth (T. Rowe Price) MML Small Cap Growth Equity (Waddell & Reed and Wellington) Oppenheimer Discovery Mid Cap Growth 2 * Investment choices listed are available as of the date of this brochure. Investing involves risk, including the loss of principal. Each investment choice underlying the variable life insurance policy has broad risks that apply to all investment choices, such as market risk, as well as specific risks inherent in particular types of investment choices that may subject your variable life insurance policy to greater risk and volatility than the general market. 1 Formerly known as MML Small/Mid Cap Equity. 2 Formerly known as Oppenheimer Small- & Mid-Cap Growth.

5 4 of 78 Fixed Income Other Categories Global/International Money Market MML Money Market (Babson) 3 Inflation-Protected Bond MML Inflation-Protected and Income (Babson) Investment Grade Bond MML Managed Bond (Babson) Multi Sector Oppenheimer Global Strategic Income Asset Allocation 4 MML Conservative Allocation MML Balanced Allocation MML Moderate Allocation MML Growth Allocation MML Aggressive Allocation Specialty ING Clarion Global Real Estate Invesco V.I. Global Health Care Invesco V.I. Technology MML Managed Volatility (Gateway) 5 PIMCO CommodityRealReturn Strategy Global Equity MML Global (MFS ) Oppenheimer Global 6 International Equity MML Foreign (Templeton) Oppenheimer International Growth 3 An investment in the Fund is neither insured or guaranteed by the Federal Deposit Insurance Corporation or by any other government agency. Although the Fund seeks to maintain a stable net asset value per share, it is possible to lose money by investing in these funds. 4 Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. 5 Formerly known as MML Large Cap Value. 6 Formerly known as Oppenheimer Global Securities.

6 5 of 78 Important information about the fact sheets The fact sheets included in this brochure provide detailed information about the historical performance of the investment choices in your VUL III policy. They also provide valuable information about the underlying funds that the investment choices (divisions) invest in. Please refer to these important definitions and concepts as you review the fact sheets. They will help you gain a better understanding of the investment choices you have elected, or the investment choices you may elect in the future. Important note: the fact sheets cannot be printed separately. Performance The performance numbers for each investment choice varies by the level of fees and charges deducted. Fees and charges will reduce your investment return. Past performance is no indication of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. For the most recent month end performance, please visit our Web site at or by calling our customer service center at (800) , 8:00 a.m. to 8:00 p.m. (ET). Total Returns for each fund are the actual historical rates and are net of all fund management fees and other operating expenses. These returns do not reflect the Separate Account Mortality and Expense Charges or policy charges. Policy charges include: premium charges (i.e. sales load, state premium tax and DAC tax charges), and the monthly administrative, face amount, and insurance charges. If these charges were deducted, the returns would be significantly lower. Fund Expenses Gross Fund Expenses are the total operating expenses charged by any of the funds, expressed as a percentage of average net assets, for the prior year end. More detail concerning each fund s fees and expenses that you may pay periodically during the time that you own the policy, is contained in each fund prospectus. Net Fund Expenses are the Total Annual Fund Operating Expenses, minus any waivers or reimbursements put in place by the fund company. Fundamental Characteristics (Fixed Income and Equity) Coupon is the dollar-weighted average of all the current coupons of the bonds in a portfolio. Credit Quality represents the grading of a debt security with respect to the issuer s ability to meet interest and principal requirements in a timely manner. Issues rated AAA, AA, A and BBB are considered investment grade, while issues rated BB, B and below are considered below investment grade or high yield bonds. Higher rated bonds generally provide lower yields and greater safety relative to below investment grade bonds. Dividend Yield is the yield a company pays out to its shareholders in the form of dividends. It is calculated by taking the amount of dividends paid per share over the course of a year and dividing by the stock s price. Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund s duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund s price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund s price. Earnings per Share (EPS) are total earnings divided by the number of shares outstanding. Historical Three-Year EPS Growth is the percent change in earnings per share (EPS) over the past three years. Market Capitalization represents the aggregate value of a company or stock. It is obtained by multiplying the number of shares outstanding by their current price per share. For example, if XYZ company has 15,000,000 shares outstanding and a share price of $20 per share then the market capitalization is 15,000,000 x $20 = $300,000,000. Maturity (Life) is the dollar-weighted average of all the current maturities of the bonds in a portfolio. The longer the average life, the more sensitive the portfolio will be to changes in interest rates.

7 6 of 78 Price to Book represents a stock s market capitalization divided by its book value. This ratio compares the market s valuation of a company to the value of that company as indicated on its financial statements. Price to Earnings (P/E) are the most common measure of how expensive a stock is. The P/E ratio is equal to a stock s market capitalization divided by its after-tax earnings over a 12-month period, usually the trailing period but occasionally the current or forward period. Modern Portfolio Theory Risk Statistics These are statistics that will help you better understand the risk and return attributes of the underlying funds you invest in. Alpha (risk-adjusted excess return) measures the difference between a funds actual return and what was expected based on its market risk (beta). Beta (market risk) measures the sensitivity of a fund to its benchmark. For example, if a funds beta is 1.10, it is expected to move up or down 1.10 times that of the benchmark index. R-Squared (goodness of fit) represents the correlation of a fund with its benchmark index. For example, an R-Squared of.90 means the benchmark is a good proxy for the type of securities held within the fund. A reading of.70 may mean an inappropriate benchmark, which reduces the validity of relative statistics such as alpha and beta. Risk Reward Chart plots the return and standard deviation of the fund and index. The top left panel indicates greater return with less risk and the bottom left panel indicates less return with less risk. The top right panel indicates greater return with greater risk and the bottom right panel indicates less return with greater risk. Sector Weight Chart/Table depicts the classification of holdings into broad sector groups identifying the general business operations of the company. Sharpe Ratio (excess return per unit of risk) measures the return above or below the risk-free rate (T-bills), per unit of risk take (fund s standard deviation). Standard Deviation measures the fund s volatility of returns, or level of absolute risk. If a portfolio has a standard deviation of 12%, its returns have been +/-12 percentage points of its average for two thirds of the measurement periods.

8 7 of 78 Indices Definitions Indices are an unmanaged group of stocks or bonds monitored to provide insight into how the markets are performing. Investment managers often benchmark the performance of the funds they manage against indices with attributes consistent with the funds strategy. For example, a large cap fund manager may benchmark their funds performance to the S&P 500. The definitions that follow will provide you a short description of each index. Barclays Capital U.S. Aggregate Bond Index is an unmanaged index of fixed rate investment grade securities with at least one year to maturity combining the Barclays Capital Government/Credit Index and the Barclays Capital Mortgage-Back Securities Index. Barclays Capital U.S. 1-3 Year Government Bond Index is an unmanaged index of U.S. government bonds with 1-3 years remaining to the scheduled payment of principal. Barclays Capital U.S. Corporate High Yield Index covers the universe of fixed rate, non-investment grade debt. The index includes both corporate and non-corporate sectors. Barclays Capital U.S. Treasury 3 Month Bellwether Index measures the performance of Treasury bills with a maturity of less than three months. Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) measures the performance of intermediate (1-10 year) U.S. Treasury Inflation Protected Securities. Dow Jones (DJ) AIG Commodity Total Return Index is an unmanaged index composed of futures contracts on 19 physical commodities. The index is designed to be a highly liquid and diversified benchmark of commodities as an asset class. Morgan Stanley Capital International (MSCI ) AC World ex U.S. Index. is an index representative of stocks domiciled in global developed and emerging markets, excluding the United States. Morgan Stanley Capital International Europe, Australasia and Far East Index (MSCI EAFE ) is a widely recognized index representative of foreign securities in the major non-u.s. markets of Europe, Australasia and the Far East. Morgan Stanley Capital International (MSCI ) Emerging Markets (EM) Index measures the performance of emerging market stocks. Morgan Stanley Capital International (MSCI ) China Index is an unmanaged market capitalization-weighted index of Chinese companies available to non-domestic investors. Morgan Stanley Capital International (MSCI ) World Health Care Index is a free float-adjusted market capitalization index that represents the health care segment in global developed market equity performance. Morgan Stanley Capital International (MSCI ) World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. SDAQ 100 Index is a registered service mark of the SDAQ Stock Market, Inc. (SDAQ). The SDAQ 100 Index is composed and calculated by SDAQ without regard to the Fund. SDAQ makes no warranty, express or implied, regarding, and bears no liability with respect to, the SDAQ 100 Index or its use of any data included therein. Russell 1000 Index is a widely recognized index representing the 1000 largest U.S. companies based on market capitalization. The Russell 1000 Growth Index consists of those Russell 1000 securities with greater than average growth orientation and higher price-to-book ratios. The Russell 1000 Value Index consists of those Russell 1000 securities with greater than average value orientation and lower price-to-book ratios. The Russell 1000 Index consists of the Russell 1000 Value and Russell 1000 Growth indices. Russell 2000 Index is a widely recognized index representing common stocks of smaller capitalized U.S. companies. The Russell 2000 Growth Index consists of those Russell 2000 securities with greater than average

9 8 of 78 growth orientation and higher price-to-book ratios. The Russell 2000 Value Index consists of those Russell 2000 securities with greater than average value orientation and lower price-to-book ratios. The Russell 2000 Index consists of the Russell 2000 Value and Russell 2000 Growth indices. Russell 2500 TM Index is a widely recognized, unmanaged index representative of common stocks of small to mid-capitalization U.S. companies. The Russell 2500 Growth Index includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500 Value Index includes those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. Russell 3000 Index is a widely recognized index representing the 3000 largest U.S. companies based on market capitalization. S&P Mid-Cap 400 Index started in 1991 and tracks a diverse basket of medium-sized U.S. firms. A mid-cap stock is broadly defined as a company with a market capitalization ranging from about $2 billion to $10 billion. This index consists of 400 equities. The stocks are chosen based on market capitalization, liquidity and industry representation. The index contains firms that are situated in size between the S&P 500 Index and the S&P SmallCap 600 Index. S&P North American Technology Sector Index is a capitalization-weighted index considered representative of the technology industry. S&P SmallCap 600 Index invests in small-cap equities, which are generally defined as a stock with a market capitalization between $300 million and $2 billion. The S&P SmallCap 600 Index consists of 600 small-cap stocks. Russell Midcap Index is a widely recognized index representing common stocks of mid-capitalization U.S. companies. The Russell Midcap Growth Index consists of those Russell Midcap securities with greater than average growth orientation and higher price-to-book ratios. The Russell Midcap Value Index consists of those Russell Midcap securities with greater than average value orientation and lower price-to-book ratios. The Russell Midcap Index consists of the Russell Midcap Growth and Russell Midcap Value indices. S&P 500 Financials Index is a market capitalizationweighted index of companies involved in activities such as banking, consumer finance, investment banking and brokerage, asset management, insurance and investment and real estate, including REIT s. S&P 500 Index is a widely recognized, unmanaged index representative of common stocks of larger capitalized U.S. companies. S&P Developed Property Index is an unmanaged adjusted index which defines and measures the investable universe of publicly traded property companies domiciled in developed countries that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment.

10 9 of 78 Index of Investment Funds Fund Name Page # MML Aggressive Allocation Fund 10 MML Balanced Allocation Fund 12 MML Conservative Allocation Fund 14 MML Growth Allocation Fund 16 MML Moderate Allocation Fund 18 MML Inflation-Protected and Income Fund 20 MML Managed Bond Fund 22 MML Money Market Fund 24 Oppenheimer Global Strategic Income Fund/VA 26 Fidelity VIP Contrafund Portfolio 28 ING Clarion Global Real Estate Portfolio 30 Invesco V.I. Diversified Dividend Fund 32 Invesco V.I. Global Health Care Fund 34 Invesco V.I. Technology Fund 36 MML Blue Chip Growth Fund 38 MML Equity Fund 40 MML Equity Income Fund 42 MML Equity Index Fund 44 MML Growth & Income Fund 46 MML Income & Growth Fund 48 MML Managed Volatility Fund 50 MML Mid Cap Growth Fund 52 MML Mid Cap Value Fund 54 MML Small Cap Equity Fund 56 MML Small Cap Growth Equity Fund 58 MML Small/Mid Cap Value Fund 60 Oppenheimer Capital Appreciation Fund/VA 62 Oppenheimer Discovery Mid Cap Growth Fund/VA 64 Oppenheimer Main Street Fund /VA 66 PIMCO CommodityRealReturn Strategy Portfolio 68 MML Foreign Fund 70 MML Global Fund 72 Oppenheimer Global Fund/VA 74 Oppenheimer International Growth Fund/VA 76

11 Advisor MassMutual Sub-Advisor Portfolio Manager Stephen Brunette Fund Objective Seeks to achieve as high a total rate of return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. Strategy The fund is a fund of funds and seeks to achieve its investment objective by investing in a combination of domestic and international mutual funds using an asset allocation strategy. The fund has an aggressive asset allocation strategy with approximately 90% of its assets invested in equity funds and 10% invested in fixed income funds, including money market funds. 10% Barclays Capital US Aggregate (Barcap US Agg ), 67.5% Russell 3000 (R3000 ), 22.5% MSCI AC World MSCI ACWIX x US Morningstar Category (Peer Group) Underlying Fund Inception 8/31/2007 Date Added to Separate Account Gross Fund Expense 1.04 Net Fund Expense 1.04 MML Aggressive Allocation Fund $14,000 $13,000 $12,000 $11,000 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 8/07 Growth of $10,000 MML Aggressive Allocation Fund 10% Barcap US Agg, 67.5% R3000, 22.5% MSCI ACWI x US 2/12 11/11 8/11 5/11 2/11 11/10 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR 8/12 5/12 MML Aggressive Allocation Fund Barcap US Agg, R3000, MSCI ACWI x US of 78 11/13 8/13 5/13 2/13 11/12 Since Inception

12 11 of 78 Underlying Fund Allocation Equity 89.42% Oppenheimer Global Securities Fund 2.20% Oppenheimer Small- & Mid-Cap Growth Fund 2.29% MML Small Mid Cap Value Fund 2.29% MML Small Cap Growth Equity Fund 2.90% MML Small Company Value Fund 3.08% MML Income & Growth Fund 3.65% MML Strategic Emerging Markets Fund 3.82% MML Global Fund 4.05% Oppenheimer International Growth Fund 4.13% MML Foreign Fund 4.76% MML Focused Equity Fund 5.82% MML Mid Cap Growth Fund 5.88% MML Mid Cap Value Fund 6.05% MML Fundamental Value Fund 6.44% MML Large Cap Growth Fund 7.07% MML Fundamental Growth Fund 7.15% MML Equity Income Fund 7.57% MML Blue Chip Growth Fund 10.30% Fixed Income 10.58% MML Inflation-Protected and Income Fund 0.45% MML High Yield 0.66% MML Short-Duration Bond Fund 0.68% Oppenheimer Global Strategic Income Fund 1.13% MML PIMCO Total Return Fund 2.94% MML Managed Bond Fund 4.72% MML Aggressive Allocation Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 2.77% 2.70% AA 30.01% 73.25% A 10.70% 11.51% BBB 25.14% 10.30% BB 7.87% 0.31% B 5.25% 0.01% CCC and Below 2.59% 0.00% Cash and Equivalents 1.49% 0.00% Not Rated 3.32% 1.92% Equity Fundamental Characteristics Fund Market Capitalization $58,699 $81,700 Price to Earnings Price to Book EPS Dividend Yield 1.39% 2.21% Hist 3Yr EPS Growth # of Securities 4,016 4,865 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 13.11% 12.66% 12.04% 11.75% % 0.00% % % 36-months 36-months 13.1% 13% 12.9% 12.8% 12.7% 12.6% Risk Reward Trailing 36-Months 12.5% 11.65% 11.7% 11.75% 11.8% 11.85% 11.9% 11.95% 12% 12.05% Annualized Standard Deviation MML Aggressive Allocation Fund 10% Barcap US Agg, 67.5% R3000, 22.5% MSCI ACWI x US Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income and principal than are investments in investment grade debt securities. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets.

13 Advisor MassMutual Sub-Advisor Portfolio Manager Stephen Brunette Fund Objective Seeks to achieve as high a total rate of return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. Strategy The fund is a fund of funds and seeks to achieve its investment objective by investing in a combination of domestic and international mutual funds using an asset allocation strategy. The fund has a balanced asset allocation strategy with approximately half of its assets invested in equity funds and half of its assets invested in fixed income and money market funds. 50% Barclays Capital US Aggregate (Barcap US Agg ), 37.5% Russell 3000 (R3000 ), 12.5% (MSCI AC World) MSCI ACWI x US Morningstar Category (Peer Group) Underlying Fund Inception 8/31/2007 Date Added to Separate Account Gross Fund Expense 0.82 Net Fund Expense 0.82 MML Balanced Allocation Fund $14,000 $13,000 $12,000 $11,000 $10,000 $9,000 $8,000 $7,000 8/07 2/12 11/11 8/11 5/11 2/11 11/10 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 MML Balanced Allocation Fund Growth of $10,000 50% Barcap US Agg, 37.5% R3000, 12.5% MSCI ACWI x US Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR 8/12 5/12 MML Balanced Allocation Fund Barcap US Agg, R3000, MSCI ACWI x US of 78 11/13 8/13 5/13 2/13 11/12 Since Inception

14 13 of 78 Underlying Fund Allocation Equity 50.85% Oppenheimer Small- & Mid-Cap Growth Fund 1.09% MML Small Mid Cap Value Fund 1.21% MML Small Cap Growth Equity Fund 1.41% MML Small Company Value Fund 1.54% Oppenheimer Global Securities Fund 2.16% MML Focused Equity Fund 2.32% MML Global Fund 2.47% MML Mid Cap Growth Fund 2.92% Oppenheimer International Growth Fund 3.04% MML Income & Growth Fund 3.11% MML Mid Cap Value Fund 3.11% MML Foreign Fund 3.39% MML Large Cap Growth Fund 3.70% MML Fundamental Growth Fund 3.86% MML Fundamental Value Fund 4.52% MML Blue Chip Growth Fund 5.48% MML Equity Income Fund 5.55% Fixed Income 49.15% MML Inflation-Protected and Income Fund 1.42% MML High Yield 3.98% MML Short-Duration Bond Fund 5.07% Oppenheimer Global Strategic Income Fund 5.90% MML PIMCO Total Return Fund 11.27% MML Managed Bond Fund 21.50% MML Balanced Allocation Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 2.60% 2.70% AA 28.52% 73.25% A 10.42% 11.51% BBB 24.92% 10.30% BB 8.43% 0.31% B 6.37% 0.01% CCC and Below 3.14% 0.00% Cash and Equivalents 4.34% 0.00% Not Rated 3.32% 1.92% Equity Fundamental Characteristics Fund Market Capitalization $64,710 $51,294 Price to Earnings Price to Book EPS Dividend Yield 1.50% 3.12% Hist 3Yr EPS Growth # of Securities 4,015 5,891 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 9.39% 8.72% 7.19% 6.42% % 0.00% % % 36-months 36-months 9.4% 9.2% 9% 8.8% 8.6% Risk Reward Trailing 36-Months 6.2% 6.4% 6.6% 6.8% 7% 7.2% Annualized Standard Deviation MML Balanced Allocation Fund 50% Barcap US Agg, 37.5% R3000, 12.5% MSCI ACWI x US Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income and principal than are investments in investment grade debt securities. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets.

15 Advisor MassMutual Sub-Advisor Portfolio Manager Stephen Brunette Fund Objective Seeks to achieve as high a total rate of return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. Strategy The fund is a fund of funds and seeks to achieve its investment objective by investing in a combination of domestic and international mutual funds using an asset allocation strategy. The fund has a conservative asset allocation strategy with approximately 40% of its assets invested in equity funds and 60% invested in fixed income funds, including money market funds. 60% Barclays Capital US Aggregate (Barcap US Agg ), 30% Russell 3000 (R3000 ), 10% MSCI AC World (MSCI ACWIXUS) Morningstar Category (Peer Group) Underlying Fund Inception 8/31/2007 Date Added to Separate Account Gross Fund Expense 0.79 Net Fund Expense 0.79 MML Conservative Allocation Fund $14,000 $13,000 $12,000 $11,000 $10,000 $9,000 $8,000 8/07 Growth of $10,000 MML Conservative Allocation Fund 60% Barcap US Agg, 30% R3000, 10% MSCI ACWI X US 2/12 11/11 8/11 5/11 2/11 11/10 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Conservative Allocation Fund Barcap US Agg, R3000, MSCI ACWI X US /12 5/12 14 of 78 11/13 8/13 5/13 2/13 11/12 Since Inception

16 15 of 78 Underlying Fund Allocation Fixed Income 59.14% MML Inflation-Protected and Income Fund 1.43% MML High Yield 4.75% MML Short-Duration Bond Fund 6.88% Oppenheimer Global Strategic Income Fund 6.93% MML PIMCO Total Return Fund 13.45% MML Managed Bond Fund 25.71% Equity 40.86% Oppenheimer Small- & Mid-Cap Growth Fund 0.74% MML Small Mid Cap Value Fund 0.91% MML Small Cap Growth Equity Fund 1.06% MML Small Company Value Fund 1.34% Oppenheimer Global Securities Fund 1.45% MML Focused Equity Fund 1.56% MML Mid Cap Growth Fund 1.85% MML Global Fund 2.05% Oppenheimer International Growth Fund 2.23% MML Mid Cap Value Fund 2.35% MML Income & Growth Fund 2.79% MML Large Cap Growth Fund 2.90% MML Foreign Fund 2.95% MML Fundamental Growth Fund 3.11% MML Fundamental Value Fund 4.07% MML Blue Chip Growth Fund 4.45% MML Equity Income Fund 5.07% MML Conservative Allocation Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 2.57% 2.70% AA 27.86% 73.25% A 10.44% 11.51% BBB 25.12% 10.30% BB 8.48% 0.31% B 6.28% 0.01% CCC and Below 3.10% 0.00% Cash and Equivalents 5.27% 0.00% Not Rated 3.30% 1.92% Equity Fundamental Characteristics Fund Market Capitalization $69,478 $81,700 Price to Earnings Price to Book EPS Dividend Yield 1.57% 2.21% Hist 3Yr EPS Growth # of Securities 4,015 4,865 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 8.35% 7.67% 5.94% 5.18% % 0.00% % % 36-months 36-months 8.2% 8% 7.8% 7.6% 7.4% Risk Reward Trailing 36-Months 5% 5.2% 5.4% 5.6% 5.8% Annualized Standard Deviation MML Conservative Allocation Fund 60% Barcap US Agg, 30% R3000, 10% MSCI ACWI X US Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income and principal than are investments in investment grade debt securities. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets.

17 Advisor MassMutual Sub-Advisor Portfolio Manager Stephen Brunette Fund Objective Seeks to achieve as high a total rate of return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. Strategy The fund is a fund of funds and seeks to achieve its investment objective by investing in a combination of domestic and international mutual funds using an asset allocation strategy. The fund has an asset allocation strategy that emphasizes the potential for growth with approximately 75% of its assets invested in equity funds and 25% invested in fixed income funds, including money market funds. 25% Barclays Capital US Aggregate (Barcap US Agg ), 56.25% Russell 3000 (R3000 ), 18.75% MSCI AC World (MSCI ACWIX x US) Morningstar Category (Peer Group) Underlying Fund Inception 8/31/2007 Date Added to Separate Account Gross Fund Expense 0.90 Net Fund Expense 0.90 MML Growth Allocation Fund $14,000 $13,000 $12,000 $11,000 $10,000 $9,000 $8,000 $7,000 $6,000 8/07 MML Growth Allocation Fund 5/11 2/11 11/10 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 Growth of $10,000 25% Barcap US Agg, 56.25% R3000, 18.75% MSCI ACWI X US 8/11 11/13 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Growth Allocation Fund Barcap US Agg, R3000, MSCI ACWI X US of 78 Since Inception

18 17 of 78 Underlying Fund Allocation Equity 75.31% Oppenheimer Small- & Mid-Cap Growth Fund 1.65% MML Small Mid Cap Value Fund 1.77% MML Small Cap Growth Equity Fund 2.23% Oppenheimer Global Securities Fund 2.30% MML Small Company Value Fund 2.45% MML Strategic Emerging Markets Fund 2.92% MML Income & Growth Fund 3.37% MML Global Fund 3.53% Oppenheimer International Growth Fund 3.57% MML Foreign Fund 4.14% MML Focused Equity Fund 4.72% MML Mid Cap Growth Fund 4.83% MML Mid Cap Value Fund 4.84% MML Fundamental Value Fund 5.45% MML Fundamental Growth Fund 6.05% MML Large Cap Growth Fund 6.12% MML Equity Income Fund 6.51% MML Blue Chip Growth Fund 8.85% Fixed Income 24.69% MML Inflation-Protected and Income Fund 0.91% MML High Yield 1.67% MML Short-Duration Bond Fund 2.79% Oppenheimer Global Strategic Income Fund 2.83% MML PIMCO Total Return Fund 5.60% MML Managed Bond Fund 10.90% MML Growth Allocation Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 2.75% 2.70% AA 29.68% 73.25% A 10.57% 11.51% BBB 25.23% 10.30% BB 8.07% 0.31% B 5.30% 0.01% CCC and Below 2.62% 0.00% Cash and Equivalents 4.30% 0.00% Not Rated 3.33% 1.92% Equity Fundamental Characteristics Fund Market Capitalization $60,177 $81,700 Price to Earnings Price to Book EPS Dividend Yield 1.40% 2.21% Hist 3Yr EPS Growth # of Securities 4,016 4,865 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 11.82% 11.23% 10.19% 9.71% % 0.00% % % 36-months 36-months 11.8% 11.6% 11.4% 11.2% 11% Risk Reward Trailing 36-Months 9.6% 9.7% 9.8% 9.9% 10% 10.1% 10.2% Annualized Standard Deviation MML Growth Allocation Fund 25% Barcap US Agg, 56.25% R3000, 18.75% MSCI ACWI X US Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income and principal than are investments in investment grade debt securities. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets.

19 Advisor MassMutual Sub-Advisor Portfolio Manager Stephen Brunette Fund Objective Seeks to achieve as high a total rate of return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. Strategy The fund is a fund of funds and seeks to achieve its investment objective by investing in a combination of domestic and international mutual funds using an asset allocation strategy. The fund has a moderate asset allocation strategy with approximately 60% of its assets invested in equity funds and 40% invested in fixed income funds, including money market funds. 40% Barclays Capital US Aggregate (Barcap US Agg ), 45% Russell 3000 (R3000 ), 15% MSCI AC World (MSCI ACWIXUS) Morningstar Category (Peer Group) Underlying Fund Inception 8/31/2007 Date Added to Separate Account Gross Fund Expense 0.84 Net Fund Expense 0.84 MML Moderate Allocation Fund $14,000 $13,000 $12,000 $11,000 $10,000 $9,000 $8,000 $7,000 8/07 Growth of $10,000 MML Moderate Allocation Fund 40% Barcap US Agg, 45% R3000, 15% MSCI ACWI x US 8/11 5/11 2/11 11/10 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 11/13 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Moderate Allocation Fund Barcap US Agg, R3000, MSCI ACWI x US of 78 Since Inception

20 19 of 78 Underlying Fund Allocation Equity 60.61% Oppenheimer Small- & Mid-Cap Growth Fund 1.30% MML Small Mid Cap Value Fund 1.43% MML Small Cap Growth Equity Fund 1.68% Oppenheimer Global Securities Fund 1.92% MML Small Company Value Fund 2.01% MML Strategic Emerging Markets Fund 2.01% MML Global Fund 2.91% Oppenheimer International Growth Fund 3.04% MML Focused Equity Fund 3.18% MML Mid Cap Growth Fund 3.52% MML Foreign Fund 3.58% MML Income & Growth Fund 3.66% MML Mid Cap Value Fund 3.75% MML Large Cap Growth Fund 4.43% MML Fundamental Value Fund 4.73% MML Fundamental Growth Fund 4.76% MML Equity Income Fund 5.69% MML Blue Chip Growth Fund 7.01% Fixed Income 39.39% MML Inflation-Protected and Income Fund 1.16% MML High Yield 2.90% MML Short-Duration Bond Fund 4.51% Oppenheimer Global Strategic Income Fund 4.53% MML PIMCO Total Return Fund 9.20% MML Managed Bond Fund 17.10% MML Moderate Allocation Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 2.65% 2.70% AA 28.44% 73.25% A 10.50% 11.51% BBB 25.20% 10.30% BB 8.29% 0.31% B 5.82% 0.01% CCC and Below 2.87% 0.00% Cash and Equivalents 4.88% 0.00% Not Rated 3.31% 1.92% Equity Fundamental Characteristics Fund Market Capitalization $62,683 $81,700 Price to Earnings Price to Book EPS Dividend Yield 1.44% 2.21% Hist 3Yr EPS Growth # of Securities 4,016 4,865 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 10.35% 9.74% 8.37% 7.72% % 0.00% % % 36-months 36-months 10.2% 10% 9.8% 9.6% Risk Reward Trailing 36-Months 7.5% 7.6% 7.7% 7.8% 7.9% 8% 8.1% 8.2% 8.3% 8.4% Annualized Standard Deviation MML Moderate Allocation Fund 40% Barcap US Agg, 45% R3000, 15% MSCI ACWI x US Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income and principal than are investments in investment grade debt securities. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets.

21 Advisor MassMutual Sub-Advisor Babson Capital Management LLC Portfolio Manager Ron Desautels, David Nagle, Doug Trevallion II Fund Objective Seeks to achieve as high a total rate of real return on an annual basis as is considered consistent with prudent investment risk and the preservation of capital. MML Inflation-Protected and Income Fund $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 Growth of $10,000 MML Inflation-Protected and Income Fund Barclays US Treasury Inflation Protected Notes (TIPS) 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 2/06 11/05 8/05 5/05 2/05 11/04 5/04 8/04 2/04 11/03 5/03 8/03 2/03 11/02 8/02 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 5/10 8/10 2/10 11/09 8/09 5/09 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. 20 of 78 11/13 Strategy The fund's subadviser, Babson Capital, seeks to construct a portfolio of inflation-indexed and other income-producing securities and other financial instruments, including derivatives, designed to meet the real return objective of the fund. The fund generally intends to maintain a dollar-weighted average credit quality of A or better. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Inflation-Protected and Income Fund Barclays US Treasury Inflation Protected Notes (TIPS) Since Inception Barclays US Treasury Inflation Protected Notes (TIPS) Morningstar Category (Peer Group) Underlying Fund Inception 8/30/2002 Date Added to Separate Account Gross Fund Expense 0.81 Net Fund Expense 0.81

22 21 of 78 BM IRS USD R V Top 03MLIBOR 10 Holdings BV CCPVAN % Government Of The United States Of America % Government Of The United States Of America % Government Of The United States Of America % Government Of The United States Of America % Government Of The United States Of America % SM Government IRS Of The USD United R F States Of BM America % CCPVAN % Government Of The United States Of America % Government Of The United States Of America % Total 78.63% Sector Weights Fund TIPS CORPORATE INFL-PROT % % SECURITIES 0.57% 0.00% ABS 28.90% 0.00% CORPORATES 1.45% 0.00% MBS/CMBS 6.29% 0.00% CASH & EQUIV 52.22% 0.00% REVERSE REPURCHASES % 0.00% MML Inflation-Protected and Income Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 9.64% 0.00% AA % % A 4.88% 0.00% BBB 3.37% 0.00% BB 0.42% 0.00% B 0.05% 0.00% CCC and Below 0.00% 0.00% Cash and Equivalents % 0.00% Not Rated 7.18% 0.00% Modern Portfolio Theory Risk Statistics Fund 3.47% 3.55% Standard Deviation 5.31% 5.36% Beta Alpha -0.00% 0.00% Sharpe Ratio R-Squared 99.46% % # Observations 36-months 36-months 5% 4% 3% 2% 1% 0% -1% -2% -3% -4% -5% Risk Reward Trailing 36-Months 5.31% 5.32% 5.33% 5.34% 5.35% 5.36% 5.37% Annualized Standard Deviation MML Inflation-Protected and Income Fund Barclays US Treasury Inflation Protected Notes (TIPS) Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

23 Advisor MassMutual Sub-Advisor Babson Capital Management LLC Portfolio Manager William Awad, David Nagle, Doug Trevallion, II, Charles Sanford Fund Objective Seeks to achieve as high a rate of total return on an annual basis as is considered consistent with the preservation of capital. Strategy The fund's subadviser, Babson Capital, selects the funds investments based on its analysis of yield opportunities and risks of various securities and market sectors. The manager intends for the fund's portfolio dollar-weighted average duration generally to match (within 10%) the average duration of the Barclay's Capital U.S. Aggregate Bond Index. Barclays US Aggregate Morningstar Category (Peer Group) Underlying Fund Inception 12/16/1981 Date Added to Separate Account Gross Fund Expense 0.40 Net Fund Expense 0.40 MML Managed Bond Fund $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 MML Managed Bond Fund Barclays US Aggregate 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 3/08 6/08 9/08 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Managed Bond Fund Barclays US Aggregate of 78 12/13 6/13 9/13 Since Inception

24 23 of 78 BM IRS USD R V Top 03MLIBOR 10 Holdings BV CCPVAN... SM IRS USD R F BM % CCPVAN % Government Of The United States Of America % 2Y T-Note (CBT) Mar % FNMA TBA 3PCT JAN 30 SINGLE FA 5.29% FNCL 4 1/ % Government Of The United States Of America 2.5% % GOVERNMENT TL MTG ASSN 2.45% FNCI 2.5 1/ % GNMA I TBA JAN 30 SINGLE FAM 1.76% Total 53.95% Sector Weights Fund ABS 4.68% 0.48% AGENCIES 0.00% 3.81% CMBS 5.29% 1.72% CONVERTIBLES 0.74% 0.00% CORPORATES 46.08% 28.62% MBS/CMO 28.86% 29.68% TREASURIES 13.73% 35.69% CASH & EQUIV 0.61% 0.00% MML Managed Bond Fund Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 0.00% 0.00% AAA 2.38% 2.70% AA 43.62% 73.25% A 12.91% 11.51% BBB 30.46% 10.30% BB 6.76% 0.31% B 0.38% 0.01% CCC and Below 0.21% 0.00% Cash and Equivalents 0.61% 0.00% Not Rated 2.66% 1.92% Modern Portfolio Theory Risk Statistics Fund 3.74% 3.26% Standard Deviation 2.75% 2.71% Beta Alpha 0.04% 0.00% Sharpe Ratio R-Squared 93.38% % # Observations 36-months 36-months 5% 4% 3% 2% 1% 0% -1% -2% -3% -4% Risk Reward Trailing 36-Months -5% -5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5% Annualized Standard Deviation MML Managed Bond Fund Barclays US Aggregate Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

25 Advisor MassMutual Sub-Advisor Babson Capital Management LLC Portfolio Manager Scott Riecke, Scott Simler Fund Objective Seeks to achieve the preservation of capital, liquidity and high current income. Strategy The fund's subadviser, Babson Capital, invests in high quality debt instruments that have a remaining maturity not exceeding 397 days, including commercial paper and other corporate obligations, securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, and certificates of deposit and bankers acceptances. The fund may enter into repurchase transactions and forward commitments. Barclays US Treasury - Bills (1-3 M) Morningstar Category (Peer Group) Underlying Fund Inception 12/16/1981 Date Added to Separate Account Gross Fund Expense 0.52 Net Fund Expense Day Yield 0.00% MML Money Market Fund $12,000 $11,500 $11,000 $10,500 $10,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 MML Money Market Fund Barclays US Treasury - Bills (1-3 M) 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Money Market Fund Barclays US Treasury - Bills (1-3 M) of 78 Since Inception An investment in the Fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to maintain a stable net asset value per share, it is possible to lose money by investing in these funds. The yield quotation more closely reflects the current earnings of the Fund than the total return quotation. It is an annualized rate based on results over the last seven days of the period /13

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27 Advisor OppenheimerFunds, Inc. Sub-Advisor Portfolio Manager Arthur Steinmetz, Krishna Memani, Dr. Sara Zervos, Jack Brown Fund Objective Seeks total return. Strategy The fund's adviser, Oppenheimer, invests in debt securities of three market sectors: U.S. Government securities, foreign governments and companies and high yield securities of the U.S. and foreign companies. The manager focuses on securities with high current income and evaluates market price movement and relative values among the three sectors to seek overall portfolio diversification. Barclays US Aggregate Morningstar Category (Peer Group) Underlying Fund Inception 5/3/1993 Date Added to Separate Account Gross Fund Expense 0.78 Net Fund Expense 0.72 Oppenheimer Global Strategic Income Fund/VA $24,000 $22,000 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 Growth of $10,000 Oppenheimer Global Strategic Income Fund/VA 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Barclays US Aggregate 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Oppenheimer Global Strategic Income Fund Barclays US Aggregate of 78 Since Inception /13

28 27 of 78 Oppenheimer Global Strategic Income Fund/VA Top 10 Holdings Government Of Indonesia 8.375% 15-mar % Government Of Indonesia 9.0% 15-mar % Government Of Indonesia 8.375% 15-mar % Government Of Indonesia 7.0% 15-may % Government Of Colombia 7.0% 04-may % CITIGROUP FUNDING INC. 4.45% Government Of Indonesia 8.25% 15-jul % HUNGARY T-BILLS 2.09% Empresas Publicas De Medellin Esp 8.375% 01-feb % CITI COLTES TRS 1.62% Total 87.27% Region Weights Fund AMERICAS 69.61% EUROPE 17.57% ASIA PACIFIC 3.75% MIDDLE EAST 3.40% AFRICA 2.13% Asset Allocation Fund Investment Grade 39.20% International Markets 15.71% High Yield 42.80% Cash/Other 2.29% Fixed Income Fundamental Characteristics Fund Weighted Average Coupon Maturity (life) Duration Credit Quality Breakdown Government & Agency 5.80% 0.00% AAA 1.20% 2.70% AA 1.50% 73.25% A 11.60% 11.51% BBB 24.90% 10.30% BB 16.80% 0.31% B 17.20% 0.01% CCC and Below 8.80% 0.00% Cash and Equivalents 2.29% 0.00% Not Rated 4.70% 1.92% Modern Portfolio Theory Risk Statistics Fund 4.57% 3.26% Standard Deviation 5.71% 2.71% Beta Alpha 0.19% 0.00% Sharpe Ratio R-Squared 11.67% % # Observations 36-months 36-months Risk Reward 5% 4% 3% 2% 1% 0% -1% -2% -3% -4% -5% Trailing 36-Months 2% 2.5% 3% 3.5% 4% 4.5% 5% 5.5% Annualized Standard Deviation Oppenheimer Global Strategic Income Fund/VA Barclays US Aggregate Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income and principal than are investments in investment grade debt securities. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets.

29 Advisor Fidelity Management & Research Company Sub-Advisor FMR Co., Inc. Portfolio Manager Robert Stansky Fund Objective Seeks long-term capital appreciation. Fidelity VIP Contrafund Portfolio $25,000 $20,000 $15,000 $10,000 $5,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 Fidelity VIP Contrafund Portfolio S&P Total Return 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 28 of 78 12/13 Strategy The fund's adviser, Fidelity, seeks companies whose value is not fully recognized. These companies may exhibit a positive fundamental change, an increase in earnings potential, market popularity that may have temporarily fallen out of favor and are undervalued relative to securities of other companies. Fidelity tends to purchase a combination of both growth and value stocks. S&P 500 Morningstar Category (Peer Group) Underlying Fund Inception 1/3/1995 Date Added to Separate Account Gross Fund Expense 0.64 Net Fund Expense 0.64 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Fidelity VIP Contrafund Portfolio S&P Total Return Since Inception

30 29 of 78 Fidelity VIP Contrafund Portfolio Modern Portfolio Theory Risk Statistics Fund Risk Reward Trailing 36-Months Standard Deviation Beta Alpha Sharpe Ratio R-Squared 14.21% 16.18% 12.71% 11.94% % 0.00% % % 16.5% 16% 15.5% 15% 14.5% # Observations 36-months 36-months 11.8% 12% 12.2% 12.4% 12.6% Annualized Standard Deviation Fidelity VIP Contrafund Portfolio S&P Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets. Fidelity, Fidelity Investments & Pyramid Design and Contrafund are registered service marks of FMR Corporation.

31 Advisor ING Investments, LLC Sub-Advisor ING Clarion Real Estate Securities L.P. Portfolio Manager T. Ritson Ferguson, Steven Burton, Joseph Smith Fund Objective Seeks high total return consisting of capital appreciation and current income. Strategy The portfolio is non-diversified, investing in companies engaged in the real estate industry. The subadviser uses a multi-step investment process for portfolio construction that combines top-down region and sector allocation with bottom-up individual stock selection. Evaluation of public and private property trends & conditions supports the top-down analysis while bottom-up analysis begins with the analysis of value & property, capital structure and management & strategy. S&P Developed Property - Net Return Morningstar Category (Peer Group) Underlying Fund Inception 1/3/2006 Date Added to Separate Account Gross Fund Expense 1.25 Net Fund Expense 1.14 ING Clarion Global Real Estate Portfolio $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 Growth of $10,000 ING Clarion Global Real Estate Portfolio S&P Developed Property - Net Return 7/10 4/10 1/10 10/09 7/09 4/09 1/09 10/08 7/08 4/08 1/08 10/07 7/07 4/07 1/07 10/06 7/06 4/06 1/06 7/13 4/13 1/13 10/12 7/12 4/12 1/12 10/11 7/11 4/11 1/11 10/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR ING Clarion Global Real Estate Portfolio S&P Developed Property - Net Return of 78 10/13 Since Inception

32 31 of 78 ING Clarion Global Real Estate Portfolio Modern Portfolio Theory Risk Statistics Fund Risk Reward Trailing 36-Months Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations 7.26% 7.93% 16.16% 16.04% % 0.00% % % 36-months 36-months 8.1% 8% 7.9% 7.8% 7.7% 7.6% 7.5% 7.4% 7.3% 16% 16.04% 16.08% 16.12% 16.16% Annualized Standard Deviation ING Clarion Global Real Estate Portfolio S&P Developed Property - Net Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. This fund may experience greater short-term price volatility due to concentration and non-diversification. It is most suitable for use in the aggressive component of an investment portfolio. Performance reflects share classes with 12(b)-1 fees from inception which reduces the funds performance.

33 Advisor Invesco Advisers, Inc. Sub-Advisor Portfolio Manager Meggan Walsh, Jonathan Harrington Fund Objective Seeks to provide reasonable current income and long-term growth of income and capital. Strategy The fund's adviser, Invesco, seeks to build a portfolio of attractively valued companies that pay dividends sustained by strong capital structures, which provide the opportunity to outperform over the long term. S&P 500 Morningstar Category (Peer Group) Underlying Fund Inception 3/1/1990 Date Added to Separate Account Gross Fund Expense 0.68 Net Fund Expense 0.68 Invesco V.I. Diversified Dividend Fund $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 Invesco V.I. Diversified Dividend Fund S&P Total Return 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Invesco V.I. Diversified Dividend Fund S&P Total Return of 78 Since Inception /13

34 33 of 78 Invesco V.I. Diversified Dividend Fund Modern Portfolio Theory Risk Statistics Fund Risk Reward Trailing 36-Months Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations 15.95% 16.18% 11.23% 11.94% % 0.00% % % 36-months 36-months 16.25% 16.2% 16.15% 16.1% 16.05% 16% 15.95% 11.2% 11.4% 11.6% 11.8% 12% 12.2% Annualized Standard Deviation Invesco V.I. Diversified Dividend Fund S&P Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Effective April 29, 2011, Invesco V.I. Financial Services Fund merged into Invesco V.I. Dividend Growth Fund. Performance prior to that day reflects performance of the Invesco V.I. Financial Services Fund and performance on and after that date reflects performance of the Invesco V.I. Dividend Growth Fund. Performance prior to that day reflects performance of the Invesco V.I. Financial Services Fund and performance on and after that date reflects performance of the Invesco V.I. Dividend Growth Fund. Invesco AimSM is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc. is one of the investment advisors for the products and services represented by Invesco Aim.

35 Advisor Invesco Advisers, Inc. Sub-Advisor Portfolio Manager Derek Taner Fund Objective Seeks long-term growth of capital. Invesco V.I. Global Health Care Fund $24,000 $22,000 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 34 of 78 Growth of $10,000 Invesco V.I. Global Health Care Fund MSCI The World Index - Health Care - Net Return 12/13 Strategy The fund is non-diversified, investing in securities of health care industry companies. The funds adviser, Invesco, seeks health care companies that exhibit above-average earnings growth, high return on invested capital, healthy balance sheet, strong competitive advantages, research & product development of new technologies, efficient services, flexible pricing and strong management. MSCI World Provisional Morningstar Category (Peer Group) Underlying Fund Inception 5/21/1997 Date Added to Separate Account Gross Fund Expense 1.13 Net Fund Expense 1.13 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Invesco V.I. Global Health Care Fund MSCI The World Index - Health Care - Net Return Since Inception

36 35 of 78 Invesco V.I. Global Health Care Fund Modern Portfolio Theory Risk Statistics Fund Risk Reward Trailing 36-Months 20.88% 20.58% 20.85% Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations 12.43% 10.74% % 0.00% % % 36-months 36-months 20.8% 20.75% 20.7% 20.65% 20.6% 20.55% 20.5% 10.5% 11% 11.5% 12% 12.5% Annualized Standard Deviation Invesco V.I. Global Health Care Fund MSCI The World Index - Health Care - Net Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets. This fund may experience greater short-term price volatility due to concentration and non-diversification. It is most suitable for use in the aggressive component of an investment portfolio. Invesco AimSM is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc. is one of the investment advisors for the products and services represented by Invesco Aim.

37 Advisor Invesco Advisers, Inc. Sub-Advisor Portfolio Manager Warren Tennant, Brian Nelson Fund Objective Seeks long-term growth of capital. Strategy The fund is non-diversified, investing in technology-related industries. The funds adviser, Invesco, uses a combination of quantitative, fundamental and valuation analysis focusing on attractively valued, wellmanaged companies that can deliver attractive returns. S&P North American Technology Sector Index Invesco V.I. Technology Fund $11,000 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 Growth of $10,000 Invesco V.I. Technology Fund S&P North American Technology Sector Index 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Invesco V.I. Technology Fund S&P North American Technology Sector Index of 78 Since Inception /13 Morningstar Category (Peer Group) Underlying Fund Inception 5/20/1997 Date Added to Separate Account Gross Fund Expense 1.16 Net Fund Expense 1.16

38 37 of 78 Invesco V.I. Technology Fund Modern Portfolio Theory Risk Statistics Fund Risk Reward Trailing 36-Months Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations 9.76% % months % 10.4% 10.2% 10% 9.8% 9.6% 9.4% 9.2% 9% 8.8% 15.5% 16% 16.5% 17% 17.5% 18% Annualized Standard Deviation Invesco V.I. Technology Fund S&P North American Technology Sector Index Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. There are special risks associated with international investing such as differences in accounting practices, political changes, and currency fluctuations. These risks are heightened in emerging markets. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks. This fund may experience greater short-term price volatility due to concentration and non-diversification. It is most suitable for use in the aggressive component of an investment portfolio. Invesco AimSM is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc. is one of the investment advisors for the products and services represented by Invesco Aim.

39 Advisor MassMutual Sub-Advisor T. Rowe Price Associates, Inc. Portfolio Manager Larry Puglia Fund Objective Seeks long-term capital growth. Income is a secondary objective. Strategy The fund's subadviser, T. Rowe Price, seeks to identify companies with a leading market position, seasoned management and strong financial fundamentals. T. Rowe Price believes that solid company fundamentals (with an emphasis on strong growth in earnings per share or operating cash flow) combined with a positive industry outlook may potentially reward investors with strong investment performance. It is anticipated that some of the companies targeted will have good prospects for dividend growth. Russell 1000 Growth Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.80 Net Fund Expense 0.80 MML Blue Chip Growth Fund $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Blue Chip Growth Fund Russell 1000 Growth - Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Blue Chip Growth Fund Russell 1000 Growth - Total Return of 78 Since Inception /13

40 39 of 78 Top 10 Holdings Google Inc. Class A 5.83% Amazon.com, Inc. 5.25% MasterCard Incorporated Class A 3.41% priceline.com Incorporated 3.29% Gilead Sciences, Inc. 3.20% Danaher Corporation 2.77% Precision Castparts Corp. 2.17% McKesson Corporation 2.17% Visa Inc. Class A 2.14% Biogen Idec Inc. 2.06% Total 32.30% MML Blue Chip Growth Fund Equity Fundamental Characteristics Fund Market Capitalization $82,311 $97,522 Price to Earnings Price to Book EPS Dividend Yield 0.63% 1.47% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Blue Chip Growth Fund Russell 1000 Growth Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 19.23% 16.45% 14.09% 12.18% % 0.00% % % 36-months 36-months Financials Health Care Industrials Risk Reward Trailing 36-Months Information Technology Materials Telecommunication Services Utilities 19% 18.5% 18% 17.5% 17% 16.5% 16% Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 15.5% 11.5% 12% 12.5% 13% 13.5% 14% Annualized Standard Deviation MML Blue Chip Growth Fund Russell 1000 Growth - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. Rowe Price Group, Inc. in the U.S. and other countries.

41 Advisor MassMutual Sub-Advisor OppenheimerFunds, Inc. and Loomis, Sayles & Company, L.P. Portfolio Manager Oppenheimer: Laton Spahr Loomis Sayles: Warren Koontz, Jr., Arthur Barry Fund Objective Seeks to achieve a superior total rate of return over an extended period of time from both capital appreciation and current income. $22,000 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 MML Equity Fund 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 MML Equity Fund Russell 1000 Value - Total Return 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 3/08 6/08 9/08 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. 40 of 78 12/13 6/13 9/13 Strategy The fund is managed by two subadvisers, OppenheimerFunds and Loomis Sayles. Each subadviser employs a bottom-up, value-based investment approach in selecting securities for the Fund. Oppenheimer seeks out companies based on factors such as supply/demand, product cycles, quality of management, competitive position, cash reinvestment plans, and better-than-expected earnings reports and attractive valuations. Loomis Sayles looks for attractively valued companies based on its estimate of intrinsic value. Russell 1000 Value Morningstar Category (Peer Group) Underlying Fund Inception 12/31/1973 Date Added to Separate Account Gross Fund Expense 0.44 Net Fund Expense 0.44 Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Equity Fund Russell 1000 Value - Total Return Since Inception

42 41 of 78 Top 10 Holdings General Electric Company 2.72% Citigroup Inc. 2.67% Apple Inc. 1.75% Sanofi Sponsored ADR 1.66% Eaton Corp. Plc 1.64% MetLife, Inc. 1.56% JPMorgan Chase & Co. 1.50% American International Group, Inc. 1.50% Merck & Co., Inc. 1.47% UnitedHealth Group Incorporated 1.35% Total 17.83% MML Equity Fund Equity Fundamental Characteristics Fund Market Capitalization $88,809 $113,821 Price to Earnings Price to Book EPS Dividend Yield 1.94% 2.17% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Equity Fund Russell 1000 Value Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 14.18% 16.06% 13.15% 12.70% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 16.5% 16% 15.5% 15% 14.5% Risk Reward Trailing 36-Months.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 12.6% 12.7% 12.8% 12.9% 13% 13.1% Annualized Standard Deviation MML Equity Fund Russell 1000 Value - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Although the MML Equity Fund commenced operations on September 15, 1971, the information necessary to calculate returns is available only for 1974 and later years.

43 Advisor MassMutual Sub-Advisor T. Rowe Price Associates, Inc. Portfolio Manager Brian Rogers Fund Objective Seeks dividend income and long-term capital growth. Strategy The fund's subadviser, T. Rowe Price, employs a value approach in selecting investments that may be temporarily out of favor but have good prospects for capital appreciation and dividend growth. T. Rowe Price generally looks for companies with one or more of the following: an established operating history, above-average dividend yield, low price/earnings, and a sound balance sheet. Russell 1000 Value Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.79 Net Fund Expense 0.79 MML Equity Income Fund $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Equity Income Fund Russell 1000 Value - Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Equity Income Fund Russell 1000 Value - Total Return of 78 Since Inception /13

44 43 of 78 Top 10 Holdings General Electric Company 2.97% JPMorgan Chase & Co. 2.68% Chevron Corporation 2.27% Wells Fargo & Company 2.05% Exxon Mobil Corporation 1.91% Apache Corporation 1.75% U.S. Bancorp 1.68% Bank of America Corporation 1.54% Johnson & Johnson 1.44% Illinois Tool Works Inc. 1.42% Total 19.73% MML Equity Income Fund Equity Fundamental Characteristics Fund Market Capitalization $92,708 $113,821 Price to Earnings Price to Book EPS Dividend Yield 2.36% 2.17% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Equity Income Fund Russell 1000 Value Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 14.78% 16.06% 11.89% 12.70% % 0.00% % % 36-months 36-months Financials Health Care Industrials Risk Reward Trailing 36-Months Information Technology 16.4% 16.2% Materials Telecommunication Services Utilities 16% 15.8% 15.6% 15.4% 15.2% 15% Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 14.8% 12% 12.2% 12.4% 12.6% 12.8% 13% Annualized Standard Deviation MML Equity Income Fund Russell 1000 Value - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. Rowe Price Group, Inc. in the U.S. and other countries.

45 Advisor MassMutual Sub-Advisor Northern Trust Investments, N.A. Portfolio Manager Brent Reeder Fund Objective Seeks investment results that correspond to the price and yield performance of publicly traded common stocks in the aggregate, as represented by the S&P 500 Index. Strategy The fund's subadviser, Northern Trust, attempts to maximize the fund's liquidity and returns while minimzing its costs. S&P 500 Morningstar Category (Peer Group) Underlying Fund Inception 5/1/1997 Date Added to Separate Account Gross Fund Expense 0.34 Net Fund Expense 0.29 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 MML Equity Index Fund $8,000 $6,000 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 MML Equity Index Fund S&P Total Return 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 3/08 6/08 9/08 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Equity Index Fund S&P Total Return of 78 12/13 6/13 9/13 Since Inception

46 45 of 78 Top 10 Holdings Apple Inc. 2.91% emini S&P 500 (CME) Mar % Exxon Mobil Corporation 2.55% Google Inc. Class A 1.81% Microsoft Corporation 1.64% General Electric Company 1.63% Johnson & Johnson 1.49% Chevron Corporation 1.38% The Procter & Gamble Company 1.28% JPMorgan Chase & Co. 1.27% Total 18.50% MML Equity Index Fund Equity Fundamental Characteristics Fund Market Capitalization $118,218 $118,219 Price to Earnings Price to Book EPS Dividend Yield 1.87% 1.87% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Equity Index Fund S&P 500 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 15.87% 16.18% 11.93% 11.94% % 0.00% % % 36-months 36-months Financials Health Care Risk Reward Industrials 16.3% Trailing 36-Months 16.25% Information Technology Materials Telecommunication Services 16.2% 16.15% 16.1% 16.05% 16% 15.95% Utilities.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% 15.9% 15.85% 11.93% % % % % Annualized Standard Deviation MML Equity Index Fund S&P Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. The fund established a new class of shares, which is available with this policy, after it began its initial investment operations. The performance for the period prior to May 1, 2000 shows the historical returns for Class I shares. Performance for periods after May 1, 2000 shows the historical returns for the share class available with this policy and reflects the fees and expenses of that share class.

47 Advisor MassMutual Sub-Advisor Massachusetts Financial Services Company Portfolio Manager Kevin Beatty, Nicole Zatlyn Fund Objective Seeks capital appreciation and income. MML Growth & Income Fund $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Growth & Income Fund S&P Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 46 of 78 11/13 Strategy The fund's subadviser, MFS, selects investments without being constrained to any particular investment style. MFS may invest the funds assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies. MFS may consider the portfolios overall prospects for income as well as appreciation in managing the Fund. S&P 500 Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.58 Net Fund Expense 0.58 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Growth & Income Fund S&P Total Return Since Inception

48 47 of 78 Top 10 Holdings JPMorgan Chase & Co. 3.14% Google Inc. Class A 3.01% Danaher Corporation 2.81% Pfizer Inc. 2.31% Visa Inc. Class A 2.22% The Procter & Gamble Company 2.11% Johnson & Johnson 2.07% The Walt Disney Company 2.05% Exxon Mobil Corporation 2.02% EMC Corporation 1.97% Total 23.71% MML Growth & Income Fund Equity Fundamental Characteristics Fund Market Capitalization $103,593 $118,219 Price to Earnings Price to Book EPS Dividend Yield 1.60% 1.87% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Growth & Income Fund S&P 500 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 15.84% 16.18% 13.29% 11.94% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities Cash 16.3% 16.25% 16.2% 16.15% 16.1% 16.05% 16% 15.95% 15.9% 15.85% Risk Reward Trailing 36-Months.00% 5.00% 10.00% 15.00% 20.00% 25.00% 11.6% 12% 12.4% 12.8% 13.2% Annualized Standard Deviation MML Growth & Income Fund S&P Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

49 Advisor MassMutual Sub-Advisor BlackRock Investment Management, LLC Portfolio Manager Robert Shearer, Kathleen Anderson, David Cassese Fund Objective Seeks growth of capital with income as a secondary objective. Strategy The fund's subadviser, BlackRock, invests primarily in investments in dividend paying companies that the fund's management believes will increase in value over the long term and provide current income. Russell 1000 Value Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.72 Net Fund Expense 0.72 MML Income & Growth Fund $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Income & Growth Fund Russell 1000 Value - Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Income & Growth Fund Russell 1000 Value - Total Return of 78 Since Inception /13

50 49 of 78 Top 10 Holdings JPMorgan Chase & Co. 3.32% Wells Fargo & Company 3.21% General Electric Company 3.14% Chevron Corporation 3.00% Comcast Corporation Class A Special 2.55% The Home Depot, Inc. 2.38% Pfizer Inc. 2.30% Exxon Mobil Corporation 2.15% Prudential Financial, Inc. 1.98% Merck & Co., Inc. 1.91% Total 25.95% MML Income & Growth Fund Equity Fundamental Characteristics Fund Market Capitalization $117,995 $113,821 Price to Earnings Price to Book EPS Dividend Yield 2.59% 2.17% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Income & Growth Fund Russell 1000 Value Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 13.79% 16.06% 10.36% 12.70% % 0.00% % % 36-months 36-months Financials Health Care Risk Reward Industrials Trailing 36-Months Information Technology Materials Telecommunication Services 16.5% 16% 15.5% 15% 14.5% Utilities.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 14% 10.5% 11% 11.5% 12% 12.5% 13% 13.5% Annualized Standard Deviation MML Income & Growth Fund Russell 1000 Value - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

51 Advisor MassMutual Sub-Advisor Gateway Investment Advisers, LLC Portfolio Manager Paul Stewart, Michael Buckius, Kenneth Toft Fund Objective Seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments. Strategy The fund's subadviser, Gateway, invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options. The Fund s stock portfolio will have approximately 500 stocks and seeks to duplicate the investment composition and return of the S&P 500 Index. The combination of the diversified stock portfolio, the steady cash flow from the sale of index call options and the downside protection from index put options is intended to provide the Fund with the majority of the returns associated with equity market investments with the potential to reduce volatility by exposing investors to less risk than other equity investments. S&P 500 Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2000 Date Added to Separate Account Gross Fund Expense 0.81 Net Fund Expense 0.81 MML Managed Volatility Fund $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 MML Managed Volatility Fund S&P Total Return 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 3/08 6/08 9/08 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Managed Volatility Fund S&P Total Return of 78 12/13 6/13 9/13 Since Inception

52 51 of 78 Top 10 Holdings Apple Inc. 3.08% Exxon Mobil Corporation 2.70% Google Inc. Class A 1.91% Microsoft Corporation 1.74% General Electric Company 1.73% Johnson & Johnson 1.58% Chevron Corporation 1.47% The Procter & Gamble Company 1.35% JPMorgan Chase & Co. 1.34% Wells Fargo & Company 1.33% Total 18.24% MML Managed Volatility Fund Equity Fundamental Characteristics Fund Market Capitalization $118,063 $118,219 Price to Earnings Price to Book EPS Dividend Yield 1.88% 1.87% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Managed Volatility Fund S&P 500 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 8.59% 16.18% 11.69% 11.94% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 18% 16% 14% 12% 10% Risk Reward Trailing 36-Months.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% 11.7% 11.75% 11.8% 11.85% 11.9% 11.95% 12% Annualized Standard Deviation MML Managed Volatility Fund S&P Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

53 Advisor MassMutual Sub-Advisor T. Rowe Price Associates, Inc. Portfolio Manager Brian Berghuis Fund Objective Seeks long-term capital appreciation. MML Mid Cap Growth Fund $22,000 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Mid Cap Growth Fund Russell Midcap Growth - Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 52 of 78 11/13 Strategy The fund's subadviser, T. Rowe Price, uses a growth approach, seeking to identify companies that it believes have proven products or services, a record of above-average earnings growth, demonstrated potential to sustain earnings growth, stock prices that appear to undervalue their growth prospects, or a connection to industries experiencing increasing demand. Russell Midcap Growth Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.82 Net Fund Expense 0.82 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Mid Cap Growth Fund Russell Midcap Growth - Total Return Since Inception

54 53 of 78 Top 10 Holdings Fiserv, Inc. 1.78% IHS Inc. Class A 1.66% Textron Inc. 1.58% CarMax, Inc. 1.47% IDEX Corporation 1.43% Pall Corporation 1.41% EQT Corporation 1.35% Fidelity National Financial, Inc. Class A 1.33% Red Hat, Inc. 1.26% DENTSPLY International Inc. 1.25% Total 14.53% MML Mid Cap Growth Fund Equity Fundamental Characteristics Fund Market Capitalization $9,810 $12,005 Price to Earnings Price to Book EPS Dividend Yield 0.55% 1.00% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Mid Cap Growth Fund Russell Midcap Growth Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 15.38% 15.63% 13.81% 14.62% % 0.00% % % 36-months 36-months Financials Health Care Industrials Risk Reward Trailing 36-Months Information Technology Materials Telecommunication Services Utilities 15.7% 15.65% 15.6% 15.55% 15.5% 15.45% Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 15.4% 13.8% 14% 14.2% 14.4% 14.6% 14.8% Annualized Standard Deviation MML Mid Cap Growth Fund Russell Midcap Growth - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. Rowe Price Group, Inc. in the U.S. and other countries.

55 Advisor MassMutual Sub-Advisor American Century Investment Management, Inc. Portfolio Manager Phillip Davidson, Michael Liss, Kevin Toney Fund Objective Seeks long-term capital growth. Income is a secondary objective. Strategy The fund's subadviser, American Century, looks for companies with earnings, cash flows and/or assets that may not be accurately reflected in the companies values, as determined by the managers. The managers also may consider whether the companies securities have a favorable income-paying history and whether income payments are expected to continue or increase. MML Mid Cap Value Fund $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Mid Cap Value Fund Russell Midcap Value - Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Mid Cap Value Fund Russell Midcap Value - Total Return of 78 Since Inception /13 Russell Midcap Value Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.90 Net Fund Expense 0.90

56 55 of 78 Top 10 Holdings Republic Services, Inc. 3.27% ishares Russell Mid-Cap Value ETF 3.15% Northern Trust Corporation 2.99% Imperial Oil Limited 2.77% The ADT Corporation 2.05% Applied Materials, Inc. 1.80% Sysco Corporation 1.52% Westar Energy, Inc. 1.51% The PNC Financial Services Group, Inc. 1.50% Lowe's Companies, Inc. 1.43% Total 22.00% MML Mid Cap Value Fund Equity Fundamental Characteristics Fund Market Capitalization $16,383 $10,535 Price to Earnings Price to Book EPS Dividend Yield 2.34% 2.03% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights MML Mid Cap Value Fund Russell Midcap Value Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 14.79% 15.97% 11.36% 13.69% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 16.4% 16.2% 16% 15.8% 15.6% 15.4% 15.2% 15% Risk Reward Trailing 36-Months Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 14.8% 11.5% 12% 12.5% 13% 13.5% 14% 14.5% Annualized Standard Deviation MML Mid Cap Value Fund Russell Midcap Value - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

57 Advisor MassMutual Sub-Advisor OppenheimerFunds, Inc. Portfolio Manager Matthew Ziehl, Raman Vardharaj, Raymond Anello, Joy Budzinski, Kristin Ketner Pak, Magnus Krantz, Adam Weiner Fund Objective Seeks capital appreciation. Strategy The fund's subadviser, OppenheimerFunds, typically uses fundamental research in the selection of securities, which is comprised of both growth and value stocks. Oppenheimer uses a fundamental approach in analyzing issuers based on factors such as a company's financial performance, competitive strength, position in the industry, and strength of business model and management. Also in consideration is an industry's outlook, market trends and general economic conditions. MML Small Cap Equity Fund $25,000 $20,000 $15,000 $10,000 $5,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 MML Small Cap Equity Fund Russell Total Return 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Small Cap Equity Fund Russell Total Return of 78 Since Inception /13 Russell 2000 Morningstar Category (Peer Group) Underlying Fund Inception 6/1/1998 Date Added to Separate Account Gross Fund Expense 0.82 Net Fund Expense 0.82

58 57 of 78 Top 10 Holdings LaSalle Hotel Properties 2.40% WellCare Health Plans, Inc. 2.24% Robert Half International Inc. 2.23% Dana Holding Corporation 2.23% KAR Auction Services, Inc. 2.08% Finisar Corporation 1.95% Korn/Ferry International 1.90% Home Loan Servicing Solutions, Ltd. 1.88% EPL Oil & Gas, Inc. 1.78% Santarus, Inc. 1.66% Total 20.36% MML Small Cap Equity Fund Equity Fundamental Characteristics Fund Market Capitalization $2,801 $1,766 Price to Earnings Price to Book EPS Dividend Yield 1.37% 1.29% Hist 3Yr EPS Growth # of Securities 95 2,004 Consumer Discretionary Consumer Staples Energy Sector Weights MML Small Cap Equity Fund Russell 2000 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 17.76% 15.67% 16.10% 16.45% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 17.5% 17% 16.5% 16% 15.5% 15% Risk Reward Trailing 36-Months.00% 5.00% 10.00% 15.00% 20.00% 25.00% 16.1% 16.2% 16.3% 16.4% 16.5% Annualized Standard Deviation MML Small Cap Equity Fund Russell Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks.

59 Advisor MassMutual Sub-Advisor Waddell & Reed Investment Management Company and Wellington Management Company, LLP Portfolio Manager Waddell & Reed: Gilbert Scott; Wellington: Kenneth Abrams, Steven Angeli, Mario Abularach, Daniel Fitzpatrick, Stephen Mortimer Fund Objective Seeks long-term appreciation. Strategy The fund is managed by two subadvisers, Wellington and Waddell & Reed. Each subadviser employs a growth-based investment approach and uses a combination of fundamental and quantitative analyses to identify small-cap companies that it believes are experiencing or will experience rapid earnings or revenue growth. Russell 2000 Growth Morningstar Category (Peer Group) Underlying Fund Inception 5/3/1999 Date Added to Separate Account Gross Fund Expense 1.10 Net Fund Expense 1.10 MML Small Cap Growth Equity Fund $25,000 $20,000 $15,000 $10,000 $5,000 Growth of $10,000 MML Small Cap Growth Equity Fund Russell 2000 Growth - Total Return 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Small Cap Growth Equity Fund Russell 2000 Growth - Total Return of 78 Since Inception /13

60 59 of 78 Top 10 Holdings DexCom, Inc. 1.89% Armstrong World Industries, Inc. 1.57% Portfolio Recovery Associates, Inc. 1.50% Cyberonics, Inc. 1.37% WageWorks, Inc. 1.29% Dril-Quip, Inc. 1.07% Tyler Technologies, Inc. 1.07% The Middleby Corporation 1.02% Financial Engines, Inc. 1.00% Panera Bread Company Class A 0.94% Total 12.73% MML Small Cap Growth Equity Fund Equity Fundamental Characteristics Fund Market Capitalization $2,744 $2,011 Price to Earnings Price to Book EPS Dividend Yield 0.69% 0.71% Hist 3Yr EPS Growth # of Securities 2,070 1,174 Consumer Discretionary Consumer Staples Energy Sector Weights MML Small Cap Growth Equity Fund Russell 2000 Growth Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 16.88% 16.82% 16.84% 17.27% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 16.88% 16.87% 16.86% 16.85% 16.84% 16.83% 16.82% 16.81% Risk Reward Trailing 36-Months Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 16.8% 16.9% 17% 17.1% 17.2% 17.3% 17.4% Annualized Standard Deviation MML Small Cap Growth Equity Fund Russell 2000 Growth - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks.

61 Advisor MassMutual Sub-Advisor AllianceBernstein L.P. Portfolio Manager James MacGregor, Andrew Weiner, Joseph Paul Fund Objective Seeks long-term total return. Strategy The fund's subadviser, AllianceBernstein, seeks to identify companies whose ability to grow earnings over the long term does not appear to be reflected in their current market price. AllianceBernstein uses a proprietary quantitative tool to screen on various valuation and success factors then ranks those stocks by their expected returns. AllianceBernstein then conducts intensive fundamental research into the most attractive 20% of those stocks, constructing a portfolio on the basis of a stocks expected return on a risk-adjusted basis. Russell 2500 Value Morningstar Category (Peer Group) Underlying Fund Inception 5/1/2006 Date Added to Separate Account Gross Fund Expense 0.81 Net Fund Expense 0.81 MML Small/Mid Cap Value Fund $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 8/10 5/10 2/10 11/09 8/09 5/09 2/09 11/08 8/08 5/08 2/08 11/07 8/07 5/07 2/07 11/06 8/06 5/06 Growth of $10,000 MML Small/Mid Cap Value Fund Russell 2500 Value - Total Return 8/13 5/13 2/13 11/12 8/12 5/12 2/12 11/11 8/11 5/11 2/11 11/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR MML Small/Mid Cap Value Fund Russell 2500 Value - Total Return of 78 Since Inception /13

62 61 of 78 Top 10 Holdings Gannett Co., Inc. 1.60% Terex Corporation 1.50% PulteGroup, Inc. 1.49% Genworth Financial, Inc. Class A 1.47% Avnet, Inc. 1.47% Zions Bancorporation 1.46% Tutor Perini Corporation 1.46% American Financial Group, Inc. 1.44% Arrow Electronics, Inc. 1.43% Western Refining, Inc. 1.42% Total 14.74% MML Small/Mid Cap Value Fund Equity Fundamental Characteristics Fund Market Capitalization $4,115 $3,435 Price to Earnings Price to Book EPS Dividend Yield 1.43% 1.87% Hist 3Yr EPS Growth # of Securities 93 1,753 Consumer Discretionary Consumer Staples Energy Sector Weights MML Small/Mid Cap Value Fund Russell 2500 Value Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 15.02% 15.38% 16.81% 15.07% % 0.00% % % 36-months 36-months Financials Health Care Industrials 15.5% Risk Reward Trailing 36-Months Information Technology Materials Telecommunication Services 15.4% 15.3% 15.2% 15.1% Utilities.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 14.5% 15% 15.5% 16% 16.5% Annualized Standard Deviation MML Small/Mid Cap Value Fund Russell 2500 Value - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change. Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments in companies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resources and less liquid stocks.

63 Advisor OppenheimerFunds, Inc. Sub-Advisor Portfolio Manager Michael Kotlarz Fund Objective Seeks capital appreciation. Oppenheimer Capital Appreciation Fund/VA $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 Growth of $10,000 Oppenheimer Capital Appreciation Fund/VA Russell 1000 Growth - Total Return 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 62 of 78 12/13 Strategy The fund's adviser, Oppenheimer, seeks broad diversification across market sectors and industries investing in growth companies for reasonable prices that exhibit above-average growth potential, have sustainable growth rates, and have reasonable valuations. Russell 1000 Growth Morningstar Category (Peer Group) Underlying Fund Inception 4/3/1985 Date Added to Separate Account Gross Fund Expense 0.81 Net Fund Expense 0.80 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Oppenheimer Capital Appreciation Fund Russell 1000 Growth - Total Return Since Inception

64 63 of 78 Top 10 Holdings Apple Inc. 6.43% Google Inc. Class A 4.24% Biogen Idec Inc. 3.39% Facebook, Inc. Class A 3.20% Gilead Sciences, Inc. 3.07% The Walt Disney Company 2.93% MasterCard Incorporated Class A 2.45% Celgene Corporation 2.22% Amazon.com, Inc. 2.18% Twenty-First Century Fox, Inc. Class B 2.17% Total 32.29% Oppenheimer Capital Appreciation Fund/VA Equity Fundamental Characteristics Fund Market Capitalization $101,165 $97,522 Price to Earnings Price to Book EPS Dividend Yield 0.95% 1.47% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights Oppenheimer Capital Appreciation Fund/VA Russell 1000 Growth Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 13.54% 16.45% 12.88% 12.18% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 17.5% 17% 16.5% 16% 15.5% 15% 14.5% 14% Risk Reward Trailing 36-Months Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 13.5% 12% 12.2% 12.4% 12.6% 12.8% Annualized Standard Deviation Oppenheimer Capital Appreciation Fund/VA Russell 1000 Growth - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

65 Advisor OppenheimerFunds, Inc. Sub-Advisor Portfolio Manager Ronald Zibelli, Jr. Fund Objective Seeks capital appreciation. Oppenheimer Discovery Mid Cap Growth Fund/VA $25,000 $20,000 $15,000 $10,000 $5,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 64 of 78 Growth of $10,000 Oppenheimer Discovery Mid Cap Growth Fund/VA Russell Midcap Growth - Total Return 12/13 Strategy The fund's adviser, Oppenheimer, looks for companies that have a high growth potential using a bottom-up selection process. The fundamental analysis includes a focus on financial statements, management structure, operations, product development and industry position. The manager focuses on high-growth companies that are characterized by industry leadership, market share growth, high caliber management teams, sustainable competitive advantages, and strong growth themes or new innovative products or services. Russell Midcap Growth Morningstar Category (Peer Group) Underlying Fund Inception 8/15/1986 Date Added to Separate Account Gross Fund Expense 0.85 Net Fund Expense 0.80 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Oppenheimer Discovery Mid Cap Growth Fund/VA Russell Midcap Growth - Total Return Since Inception

66 65 of 78 Oppenheimer Discovery Mid Cap Growth Fund/VA Top 10 Holdings Tractor Supply Company 2.20% Affiliated Managers Group, Inc. 1.89% Linkedin Corporation Class A 1.88% CoStar Group, Inc. 1.71% B/E Aerospace Inc. 1.56% Westinghouse Air Brake Technologies Corpora % Actavis Plc 1.49% Under Armour, Inc. Class A 1.47% Hexcel Corporation 1.46% Kansas City Southern 1.45% Total 16.61% Equity Fundamental Characteristics Fund Market Capitalization $8,838 $12,005 Price to Earnings Price to Book EPS Dividend Yield 0.33% 1.00% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights Oppenheimer Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 16.98% 15.63% 14.43% 14.62% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 17% 16.8% 16.6% 16.4% 16.2% 16% 15.8% 15.6% 15.4% 15.2% Risk Reward Trailing 36-Months 14.45% 14.5% 14.55% 14.6% 14.65% Annualized Standard Deviation Oppenheimer Discovery Mid Cap Growth Fund/VA Russell Midcap Growth - Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

67 Advisor OppenheimerFunds, Inc. Sub-Advisor Portfolio Manager Mani Govil, Benjamin Ram Fund Objective Seeks capital appreciation. Oppenheimer Main Street Fund/VA $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 3/08 6/08 9/08 3/07 6/07 9/07 12/07 12/06 3/06 6/06 9/06 12/05 6/05 9/05 3/05 12/04 6/04 9/04 3/04 12/03 3/03 6/03 9/03 12/02 3/02 6/02 9/02 12/01 6/01 9/01 Growth of $10,000 Oppenheimer Main Street Fund/VA S&P Total Return 6/13 9/13 3/13 12/12 6/12 9/12 3/12 12/11 3/11 6/11 9/11 12/10 3/10 6/10 9/10 12/09 3/09 6/09 9/09 12/08 66 of 78 12/13 Strategy The fund's adviser, Oppenheimer, invests in companies based on in-depth fundamental research, supported by quantitative screening. The portfolio is comprised of stocks that are attractively priced relative to a company's underlying prospects. The screening uses a stock scoring model to rank stocks based on expectation of alpha while fundamental research focuses on industry competitive analysis, position in the value chain, barriers to entry and regulatory changes. Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR Oppenheimer Main Street Fund S&P Total Return Since Inception S&P 500 Morningstar Category (Peer Group) Underlying Fund Inception 7/5/1995 Date Added to Separate Account Gross Fund Expense 0.78 Net Fund Expense 0.78

68 67 of 78 Top 10 Holdings Apple Inc. 4.55% JPMorgan Chase & Co. 4.54% Chevron Corporation 3.76% Google Inc. Class A 3.67% Express Scripts Holding Company 3.37% National Oilwell Varco, Inc. 3.34% Discover Financial Services 3.30% Philip Morris International Inc. 3.27% AutoZone, Inc. 3.18% McGraw Hill Financial, Inc. 2.85% Total 35.84% Oppenheimer Main Street Fund/VA Equity Fundamental Characteristics Fund Market Capitalization $97,606 $118,219 Price to Earnings Price to Book EPS Dividend Yield 1.48% 1.87% Hist 3Yr EPS Growth # of Securities Consumer Discretionary Consumer Staples Energy Sector Weights Oppenheimer Main Street Fund/VA S&P 500 Standard Deviation Beta Alpha Sharpe Ratio R-Squared # Observations Modern Portfolio Theory Risk Statistics Fund 15.48% 16.18% 11.88% 11.94% % 0.00% % % 36-months 36-months Financials Health Care Industrials Information Technology Materials Telecommunication Services Utilities 16.4% 16.2% 16% 15.8% 15.6% Risk Reward Trailing 36-Months Cash.00% 5.00% 10.00% 15.00% 20.00% 25.00% 11.88% 11.89% 11.9% 11.91% 11.92% 11.93% 11.94% 11.95% Annualized Standard Deviation Oppenheimer Main Street Fund/VA S&P Total Return Disclosures Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, which was the date the fund was originally made available to the Separate Account. * Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product. Individuals cannot invest directly in an index. Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

69 Advisor Pacific Investment Management Company LLC Sub-Advisor Portfolio Manager Mihir Worah Fund Objective Seeks maximum real return consistent with prudent investment management. Strategy The portfolio is non-diversified, investing in a fewer number of securities and may concentrate in particular sectors of the index. The portfolio's adviser, PIMCO, seeks to gain exposure to the commodity markets through investments in commodity index-linked notes, with their principal and/or coupon payments linked to the performance of commodity indices. Dow Jones-UBS Commodity Index (TR) Morningstar Category (Peer Group) Underlying Fund Inception 6/30/2004 Date Added to Separate Account Gross Fund Expense 1.24 Net Fund Expense 1.10 PIMCO CommodityRealReturn Strategy $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 Growth of $10,000 PIMCO CommodityRealReturn Strategy Dow Jones-UBS Commodity Index (TR) 12/09 9/09 6/09 3/09 12/08 9/08 6/08 3/08 12/07 9/07 6/07 3/07 12/06 9/06 6/06 3/06 12/05 9/05 6/05 3/05 12/04 9/04 6/04 9/13 6/13 3/13 12/12 9/12 6/12 3/12 12/11 9/11 6/11 3/11 12/10 9/10 6/10 3/10 Underlying Fund Average Annual Total Returns Reflects the deduction of total fund operating expenses, including any 12b-1fees. These returns do not reflect product charges. Fund Name / QTD YTD 1 YR 3 YR 5 YR 10 YR PIMCO CommodityRealReturn Strategy Portfolio Dow Jones-UBS Commodity Index (TR) of 78 Since Inception /13